The Seattle Star Newspaper, February 15, 1921, Page 12

So Says Famous Financial Authority in Special Busi- ‘ ness Article BY FRANCIS H. SISSON President of the ow Trust Comy NEW YORK, Feb. ‘The read "is in in business that we Shel undergoing are but laying the tions for a better and more en prosperity than we have ever in the past that is necessary for us lize Our vast possibilities is the to see our opportunities and Will to accomplish the task that fronts us, There is not only am Reed but, far more important reason for sang optimiam use of world Influence upon us, busin: here is naturatly gradual ithe better for that Rational congratulation, to — sre but however. there are abundant indications | vonditions and | stream too shallow to float ships of It is a matter | WEDNESDAY ree. 16 Kiet Low Tide 20 & my OP ft First High Tide P [AGA wom, MRA Ee 4 Becond tow Tie “pm | IT WILL BE A SNAPPY AFFAIR Battle Royal Promised at Ship Conference | Astoria and Portland are at low | gerheads over the allocation of ship: [ping board vessels, and they will jearry their fight into the conference called next Monday at Washing’ jby the board to determine Pucific trade routes and allocations of | freight and passenger sbipa. | Astoria will demand two of the foot liners and will attempt to show that Portland is on a mud that type. Portland will try to tthe ships away from Seattle, and Los Angeles will be on hand to snatch ‘em from | | | } 1 blocks with pric sional daling tending insues attracted atte ne company’s plans | remattc up lo at 61ly The oll wore irregular, M but dropping quickly to 162 was up oat O8% United States Steel une hanged Opening quota Unitee Union P up te up Mi Reading. The Nat continued ¢ Irregular, common # dropped, this time to TOK & point later. The market reacted later off a point or more. | Teadt roloum react af ball woamoy’ ne GRAIN PRICES k ” Weak Opening CHICAGO, Feb. 15.—Grain pr ‘The common stock w Preferred stocks, THE SEATTLE STAR BUTTER AND EGG |Revenue Puzzles Officials 0, K, CENTRALIA ‘New York Exchang e _Js Firm at Opemn nea wh 4 in evide: , ntton at the ‘ iret proferr leum opening unch among Ut ruled tract tle higher at onally at 89% . 85, up South rat p ternational Pa 108, unchanged; i, act well during the forenoon, altho Reading w rallied after an opening dip an which opened stron nevbral | he en lonnen "|. CY) Secete Saabange (Monday's Quotations) HIGHER AGAIN Advance Sharply After als Haldwin loon, | ¥ mod at 168 coke with F atoadine | DEMAND BETTER |imperial Valley Grapefruit Received in Seattle The butter and ee market was & Hittld tighter ‘Tue morning, due to the cold and shortage, with an in creagjng demand, Fresh ranch em welling at 38 cents and pullets a dozen, ‘The butter cents on the with 63 cents for were 0 to 32 cents mw were & per cube quotat eal | creamer the bricks s A fine quality of Imperial vs 1] grapefruit was received on tho street Monday aft selling at « from $6 to $6.50 a crate, Another Monday afternoon feature wan the drop it wholesale prices of Mexican toms, The new prices were from $6 to $5.50 per box Jobbers w wating movement of apt also among the good nel VEGETABLES ley noon, a the were with Anger rain fruit | Artichokes Ver rida Horserndiaty Per NATIONAL DEBT QUE BY MAY E3/923 EXPENSES: +O 2 YEARS REVENULS FOR 2 VEARS SHORTAGE m AGHT | y NGTON, Feb. 15. inan “ generally are opponed | to the Frelinghuysen bill, which pro w for un inwue of 0-year nontaxa- | funding bonds to the amount of 5,000,000,000, bearing 314 per cent | interest | These bonds would refund the en | tire public debt, but men like R. C Leffingwell, until recently aasistant secretary of the treasury, says to en sot it “would be a financin) calamity of the first magnitude.” This is how Uncle financially today ‘The public debt on January 1, 1921, wan §24,000,000,000, popsibly « tenth of the nation’s wealth. early one-third of this amount mount be paid or refinanced between now and May 23, 1923, This ix divid ed aa follows: Treasury certificates, fam stands tion of tax colle Refund Bond Plan Oppooed [$24060, 560 5906 OQO0O [$10.060,900, 000) { #5,000,000,000 a year. That brings « total of $17,500,000, 006 to be taken care of in two years thru taxes or bonds, | ‘There is a possibility that congress } might cut down the current expensen for two years down a billion dollars. That would leave up to congress, | acting on the advice of the secretary of the treasury, the job of cleaning up $16,500,000,000, Assuming that the new taxation leginlation brings in $4,500,000,000 a |year for current expenses, would be the $7,500,000,000 of matur ities left—plus @ billion, if the econ. omy plan fizzles out Here's the real sticker: Hew can congress square the country’s debts with the least disturbance to the financial economy of the nation? there | MEMORIAL PLAN Legion Also Plans Hospital: ization Work Mnj. Parl FE4warta, whe Washington’a representative at @ meeting of the oral committes of the American in Washington, February 7, returned to Beattle Toesda: He reported that the proposal erect a $200,000 building at © , lia as & memorial to the Legion mem) killed there in the Armistice day riot, | a year ago, was approved, Ways and means of | fund were referred to the committee of the Legion, The national commander wag thorized to raine $1,000,000 to help | pitalization work, Passing of the Wasson bill, would establish 14 regional for the bureau of war risk insu! was recommended. This bill provides for carrying insurance ft for disabled war veterans in ho and ex-service men taking vo training. The committee alto the Langley-France bill, pro appropriation of $29,530,000 for pital work. The finest natural harbor on east coast of Africa ts at Zanzibar, iesued in anticip | Hons, $2,500,000,000; war mvings tifieates, $760,000,000; Victory Loan bonds, $4,250,000,000. Then the current expenses of the government for the next two years will Fun about $10,000,000,000 ‘the tide in our business affairs Unmistakably turned. ce has been restored and. Important, the latest reports agricultural districts disclose fact that the plight of our farm EP ieatratty is not as bad as we had Ted to believe at first, despite precipitate fall in the price of | products. Crops are being man | gradually and that means that ly created wealth is being made ible to the nation. Buying has vegun again. More in trial plants are reopening. Trans tion facilities have been con improved since the rath were returned to private con thru greater efficiency in their San Francisco, A terrific fight Is promised, despite | the fuct that nothing the shipping board decides to 4 od be binding for more than 10 days, at which time a new shipping beard will come in and may reverse the present board tn all decisions. It ought to be a spicy seasion! Port Commissioner Christensen has} asked County Commissioner Ramsay, now in Washington, to represent the port at the hearing. ‘LAKE BARGES MAY BE USED Possibility of converting some of the Ferris type wooden barges now moored In Lake Union into sailing vessela, to be operated out of Seattle, was scheduled to be discuteed at a meeting called Tuesday at the Cham: | of Commerce by the foreign trade bureau of that body ‘The suggestion comex from FL Ft.) Hammer, of the University Shipping! and Trading Co,, operating deep-rea veasols with Seattle registry. Hammer proposes that Seattle cap | ital interest itself In developing a} fleet of windjammers from these | boats, to operate out of Seattle, He estimates the «hips can up con. verted at $100,000 a ship. see need Canadian Pacitic Hoard of | Central Leather Trade tod Prices eased off at the |. opening, due to seattered selling 1» and littie demand, but heavy buying | Co ° 1 2 per dos power and light receipts later caused | Cry - ‘ ro—Ver Mm the market to strengthen. Pro visions were higher March wheat opened off 1%e at $1.70, gaining ie In later trading May wheat opened down ‘go at $1 land subsequently advanced May corn ope at and gained an additio Leeks Loe Letinee Imperial Valley after @ per by sharply on opening Chicago r ah per erate bunene rial Alcohol Fenian: Exchange new YOR: eth * opened at 0754 Ver spinach later od at T2\e or be gata opened up tee at 46 i4c, San Francisco Produce FRANCHNC 1 Batter: dhe th Chicago Board of Trade (Monday's Quotations) by L. BL Manning & Co, Batier Hotel Hallding Wheat— Open High tow Mareh $1.64 SL7TO% BF May 4 . . per per rRUITS | Prices Paid Wholewale * | Apples coe Dealers ‘ i etre we don, ik reserves have been material ‘strengthened and banking cond! ms, in common with fundamental conditions, are sound and been considerably bettered re- thru the more accelerated nt of agricultural m ~ducts to and thru the more rapid tion of paper held by the Second Avenue at Columbia Resources, last call, $26,582,541.03 OFFICERS Daniel Kelleher, Chairman. E. G. Ames, Vice ie 3. W. Spangier, President. H. C. MacDonald, R. V. Ankeny, First Vice C. L. LaGrave, Asst. President. KE. K. Reiley, Asst. B. Truax, Vice President. ©. W. More, Asst. H. Newberger, Vice Wm. Kahike, Asst. President. J. H. Miner, Asst. Cattle market enchanged. Market nominal, May July ber bow Per case. | Weeting no Ver case Nt tT Prices Paid Wholrsair Deatere Yer ™ HED stage | FOREIGN 12.88 N. Y. Coffee and St Sugar | NEW YORK, Feb. tied: raw, 60240: eranu Cottee—No, 7 tio, apot, € 4 Banton, 9% @ 100. hy cara! MAY GET PAPER MILL HEetablishment of a large pulp and paper manufacturing concern at © by the Alaxka Gastineau Min ing Co., has been predicted by an of | fictal of that company, according to Frank Walters of Thane, who ar rived recently in this city. Sane Cashier. Cashier. Cashier, Cashier. Pe a, Phe? Chicago Car Lots (Monday's (Quatations) Furnished ty HK. Manning & Co, Batler Hotel Mutiding 5 Recta. Cont. hata. LAYr SEATTLE BOAT WRECKED b 4 sa A searching party waa combing : “ 2» Mary stand, near Ketchikan, Alaska, | per MATED TOMORROW today hoping to find T. A. Paxton care; and Harry Loomis ot the gasboat| Vinland, which piled up on the isiand in a storm. The boat left | Ballard for the North January 18 as & salmon troller. Paxton lived at} the Hotel Sherman, First ave. and{ Seneca st. Loomis was from Wau |kesha, Wis, | Recovery Peasy vib present busi depression in America is to be} by aggressive cultivation of | m*trade, according to Dean n I. Miller, of the college of administration, Univers Washington, speaking Tuesday industrial council of the Asso Industries. Was Left After ge Waiting 20 Years [MONTON, N. J.. Feb. 15. Lillian Boyle has filed suit for against James E. Baker. al breach of promise to wed. She she waited 20 years to be mar to Baker, only to be jilted and Baker marry another. She says does not want any money for wounded feelings, but wants to her former suitor a lesson. al Statistics LICENSES _ 3 Name and Residence. | Re! Iner C., Seattle .. Adeline W., Sultan .:. ler, Thomas, Walla Walla 48 mond, Edith, Seattle . a Lawrence L., Auburn Etta M., Auburn . P. J LIBERTY BONDS Miah Low pie oe 2} 4 to} Herond 44's " Established Thirty-one Years th 3 DAIRY PRODUCTS Prices Paid to y Citgeees Battertat Kaee-Fresh rivet se ne Milk—Per cot 1 DAY PRODUCTS Prices Paid Wheiewnie Dealers Local creamery Total bond = Railroad Bonds Otendas's Quotations) oats, Chicago Live Stock CHICAGO, Feb. 1h —Ioge—Recsipte, 24.000. 10@ ike higher alow. ranch pan pigs. $9010.15 - oe triplets Wisconsin cream brick . Limburger . Hicek Hwire ... Wash, tripiete POULTRY Prices Feld by Wholesale Deniers snlopere cee KATORI MARU SANS The N. ¥. K. liner Katort Maru cleared from Seattle Monday, bound for Yokohama and other Oriental ports, with a full passenger list and |%* capacity freight cargo. Part of the| cargo was taken on at Vancouver, BR. ©. The Katori Maru t« to be replaced |®#*-————— on this service in April by the for- mer German liner Cape Finisterra, eee REDUCE LUMBER RATE The Pacific westbound conference updeil's soups, 106 agreed here Monday on reducing He * . ° poke freight rates on lumber from $12.50 the: 6 te} to $10 4 thousand. ‘The rate on ¢ dutk cocoa, | ment and rock salt wag reduced to § Stall 104 a ton, An Expression of Appreciation Once in awhile in business life there arise circumstances which effectually combat the principles of an old adage to the effect that “There Is No Sentiment in Business.” Such an occasion was yesterday, the first day in our new home at Second Avenue and Spring Street. From the opening hour until late at night our quarters were thronged with countless visitors who evinced a warm personal interest in the many departments and facilities, well as the general effect and appearance of our new home. Among the thousands who passed our por- tals were many old and true friends who have been associated with this bank for years, some since its organjzation thirty-two years ago. Scores of others made themselves known to us for the first time. To our great regret the steady stream of visitors made it possible to personally greet only a small number, while we should have liked to know each and every one. To say we appxeciate the evidences of inter- est, congratulatory messages and wishes for continued success bestowed upon us yesterday is but a slight expression of our gratitude. It is our earnest hope to sometime have oppor- tunity of personally extending our heartfelt thanks to all those who so generously contrib- uted in making yesterday a memorable occa- sion in this institution. Ducks Hens—Under « the Fean. Gen & 0. Cone O, & Le Ket. WESTLA! Stat $2, Mus Stem patent femr, #24 sack. Stall 116, for sale, turk keene for breeding purposes, Sta’ bare Fairy soap, tie; 3 The head rice, It corn oF beans, te. Stall 130 Turkeys Deigian Mares Live POULTRY Prices Paid ‘Wholesalers Dressed . ‘ and 14-37, r | Foreign Securities (Monday's Quotations) rot Re Manning A C: Darks * Dressed Le«al ' Pri " Turkeys Dremeed . MEAT Quotations at Stockyards ee Weather husaen Report TATOOSH ISLAND, Feb, 15.—Wires |, February 14, 11:20 a, m—-Clear 4 southwent, five mi an hour. Passed out, str U. & 6. atl a. m, eo@iice oo@ it oe ¥ eee Stall 162, beet freah butter, (te M™., label, Mount Vernon . William, Seattle ..... y. Helen, Seattle . John, Seattle . down Tost steers oo cece chotce yee and b Arrivals and Depasteres Arrived February 15—Mtr Admiral Dewey trom fan Diego via Han Pedro and San Frar aco, At 7:20 m. m.; ate Weat Nilua from | Honctuin via Tacoma, at noon. Fe Rainier from San Francisco via m.; str Northweater orn Via Southeastern Alas. steer rolled roast, | SANITARY ih. Or: ley, Anna fiell, Seattic Stal 109, pure American cane engar, & , Frank L., Seattle . . Ruth A. Seattle restfall, Ralph BR. reson, Esther Louise, Ison, Arthur M., Portiand,. kinson, Marjorie, Seattle ott, James F.. Emporia, Kan. . Inez Rae, Denver, Colo. er, Axel, Seatt iksen, Anna Evelyn, cattle . Legal < eee Fred W, ‘Trident, mt. Sehmitz, Biss M, Seattie . Ben, Seattle . Regina, Seattle . ther, A. O., Seattle . Madeliene, Seattl A4e0 William Rex, Seattl . Dora Bell, Portland. q Soe, Dus, Seattle ike, Victoria, Seattle’. BIRTHS Miller, MB, 1508 California ave. bers. J, E., High Point, eirl i, Domenico, 2636 Nevada st., Heltaiey, Joseph, 5715 20th N. WwW. ri “HAY, GRAIN AND Whetenale Price Fer Tes, ¢ 2 te 3 102, § Ton. best Sallea + fresh bulk roast | February 15—ir Admiral Me San Diego via fan Francisco and San Pedro, at noon: sr Ty ue for Ma nila via Yokohama, Kobe and He at 2 a. m.; str Capt. ALF. 1 Richmond, at 1 a. atr Northwi tor Tacoma, at 2:45 a.m. ee Alaskan Vessels Ketchikan—Balled February 14, atr Ad mirai Watson, southbound, at 6 p. m. Vessels in Other Ports Hongkong—Sailed February 9, ste Ta wall Maru for Beattie via ports. Kobe—Arrived February 9, str Toyo hashi Maru from Seattle via’ Vancouver, B.C, and Shimidzu; February §, #tr Talthybius from Meattle via Yokohama ¥ hiey for ECONOMY pure fresh milk, 9 at ©, 2e T. 11 Mao - Legal Stall $1, Rtalls 7 Orie 4 ‘Legal ™ oo okt « Ground Bone Wheat—Mixed Ferd Alt Alfalfa Meal. herateh eed w Bie SAVE WOMEN FROM NEGROES To save “defenseless women and iildren” of Germany from atroci tes, the Women's Comme al Club of Seattle today called upon weet eras dines state's delegation to congress to|Motasses Dairy Feed ..... work for immediate withdrawal of ;Shel! Meal—cat French colored troops from Ger many “It cannot be that world, and especially tho United} States of America, which in its glori has stood as the protector of a nseleas Womanhood, will stand idly by and let atrocities be trated on defenseless women children,” the club women say wire to the delegation. “These conditions,” tnues, “have been invest testified to by such authorities “ Jean Longuet, Edward Morel, Dr Edward Dillion, and Miss May Bev: eridge. ‘Therefore, be it “Resolved, ‘That, not only for the! sake of the women of Germany, but for the sake of all white women, this outrage must be brought to an imme- diate end,” The women specifically ask that the Washington delegation support | & measure now before congress, | drawn by Congressman Fred Britten, of Illinois, which urges the pres of the United States and the cot tee on foreign affairs “to get into im: mediate touch with the president of we Waldeoeeh France and the secretary of str evelt league of nations at Gene Hulls Abilia, Abnoba, Aby-| the withdrawal of Ii Allenhurnt, Ahmik, An | troops from Germany Bertrand Wolf, LKO JH BAISDE South ttle be te honorary Legal Legal Legal «Legal bulk White utr Africa Maru from Seattle | soap, via Yokohama } Balboa and, Local from Seattle via Beliingham,|me ene, 15 48 Arrived Vloue the elvilized | Por bbl. 4 Tha. macaroni, 226 stall 46, orange . No, 4 home | fan Diego atr Admiral Arrived ane fro February Beattle via dro, at 5 p.m 1 February 14, a Portis M4, 8a | marma | ma ara, 4 jern prunes, str 200 th kalt pork, : fine ous p an Dock SAVE MONEY: Travel by sfeam TACOMA AFT Y - SPEED COMFORT DAILY, ey, 1:00, 8:00, he Oc. FARGO BANK 18 CLOSED FARGO, N. D., Feb. 15.—The Sean. bank here has Directors said with the action tempor $549 Phinney ave. ard girl girl a h W.. girl. 4G0e ‘he ly pl.,” boy. W. Willow, girl Parker, Homer, ' 2ist ave. boy Peterson, Louis, 5046 41st 8. W., GO4 Sixth ave, $261 40th 8. W., and in a | dinavian-American ‘| closed its doors drawals caused the wire con. ated and Arrived February 15, Seattle, at 4a. m. Feb- ste Katorl Maru from feattle boy. Str Delight. Str Rainier Coast Coal bunkers—-U 8 © & G 8 Kexplorer. Pier A—Htr Admiral Goodrich, r B—Str City of Seattle, air A@miral Rodman, Pier D——fitr Admiral Schley, | Union Pacifie terminal—U 8 N © Brook- Hine 8. Bhipping Board Yarde—str toont- um, ete Weatward Ho, str Weat Hart Himrod, ate Kastern , nae mite, amship mooring ate Victoria | Kast Waterway Dock & Warehoune Went Ives, atr Kaysoeka, ‘str Devel. Todd Dry Dock—sir Fe a Townsend—February 14 tr Rainier for Meattle, at 12:30 p,m. ‘Tacoma—February 15—Arrived, # smith, Lots Lanin, 27 days, 9612 52nd | sorthwenarn’ trom homhwet ite wouthe y jeastern Alaska Heattle, at 6 a m Paterson, Arling J~ 6 days, 1117 W. | Filed, ate Weat Nilue for Beattie at Ila Aiiams, Joseph, 82, 937 W. 57th. n.; Vebruary 14-—Artived, str Nome City som Gust, 40, 103 Columbia from Han Francisco via Seattle m, Harry, 27, city hospital. nS. Apel a ata I Pas Reported by Wireless Witt, B.S, 64, Zillah. Canadian Government 14—Str Passed The Officers, Directors and Staff of } THE NATIONAL BANK COMMERCE OF SEATTLE vu SAN JUAN ISLAND POINTS! 12:00 Midnight, Sunday, Thursday BELLINGHAM - ANACORTES 3626 Dayton. ws a Str Ble 8) revruary Rook Febru str BANK CLEARINGS ry 15 north be und, 8. Nava’ A Seattle Cordova Bridge & Dredging Co Clearings . Balances Spokane Clearings . Balances .. Tacoma + 1,000,480,00 71,146.00 $6,418,590.19 » fan Fran 5 miles north m.; str Banta San PORT TOWNSEND RAIL CONNECTION the a, to effect | OOD CANA — ch colored lately.” | Oaly HW NEAH Bay & Way Amos Yard 1,717,87200 nahe * nion 401,150.00 ps N, Ports grammar of Phi principal of! school, will Delta Kappa, | | education fraternity at) m.|the university, to a convention of putt SOUND NAVIGATION © similar orgenizations ut Auantic si MAN DOCK F City in March, : as Clearings ...., - delep 5,944,748.00 $25,081.00 Cove terminal—#tr atr Went Notus, terminal—U & C G Algonquin, wi ‘ Heffernan dock—Str Ketehtkan, > rorson, US Surveyor, U # Wawona, str Santa Ana City of Bpo-