East Oregonian : E.O. (Pendleton, OR) 1888-current, 1915-01-25

Of anarehistlc traitors who were en-
croaching upon the sacred rights OF
the federal government and were in
sulting the memory OF George Wash
lngton.
The trouble with the Ferris bill
from the tory Viewpoints that 1t
provides a leasing system instead of
giving power resources outright to
private interests as OF old The bill is
extremely moderate and reasonable
and is not unfair to the states since
they are given half the income from
leases and have control Of prices and
service in cases where there are public
utility commissions as in Oregon
The Ferris bill is sponsored by
Secretary Lane and is a rational at
tempt TO bring about power develop
ment on a basis that will be at least
half way fair to the general public.
The oregonian has been crying for
months for a policy that will permit
of developing resources and now that
such a plan is proposed 1t turns OBJ
structionist and wants the legislature /,
TO do likewise. The nerve OF some
people is beyond comprehension.
~s~~S~~~~
Exports of merchandise from the
United States in December at s246,-
266.OO0 were with a
Building fora single exception the
New Prosperity. largest ever record.
ed for the month
Imports at $114.4O2.SOO were the
smallest for the month in six years
The export excess at s131. 5000 is
far the largest ever had for the sea-
son.
This excess of exports means more ,
in net gain to the country than the q
comparative figures indicate. A
smaller amount is needed TO pay in. :
terest and dividends on foreign in \
vestments here. because those invest b
nents have been greatly reduced on !
account of the war. A smaller am !,
'unt is needed to pay ocean freights s
n foreign ships, because American e
of ships in the overseas
rade has largely increased. A much :
mailer amount is needed to meet :,
american travelling expenses abroad fl
ecause such expenditures have been Je
educed to next to nothing by the war. >, :,
For years heretofore our merchan- a,
Use export excess has averaged little b,
r no more than the sum of this in
isible Indebtedness to Europe. II y
now averaging much more than 10
lat We have been paying off old Ii,
Hbt against US at a notable rate. We pr
Re piling up debt against Europe at OF
4 even more notable rate. These are ~
lie foundations OF new era or in
istrial prosperity which are laid in in
lid rock.-New York World. tit
ro
There is report that In some parts pa
the fighting zone in Europe hos th'
4.
tilities, we're 81 81,
hat IL They Should laid aside on on
{ Acquainted? Christmas day Pre-
and that Brit low
/ and German soldiers fraternized Jus
playing football and engaging in No,
her sports According to the story pos
B men liked the arrangement so
II that they extended the period two =
ys longer and that orders were then II
'en against any such fraternal
Ice.
rhe story may. be true or false but
opens up an interesting line OF spec
.tion. Supposing the men engaged
killing each other should all get to y
hiking at once and realize the hor-
OF what they are doing and the on
'urdity OF the struggle from the TT
ndpoint of the soldier and common
zen. What If they came to know Z
I there was no bonafide cause for Shr
r and that even II there had been at
possible gain to either side would Il
in
Rus
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