The gazette-times. [volume] (Heppner, Or.) 1912-1925, 1922-08-10
Volume 80, Number 10.
GRAVE CRISIS FACED
IN STRIKE SITUATION
Prominent Financier Cites Facts Con-
cerning Industrial Problems.-People
of United States Appear Indifferent to
Critical Situation.
By ROBERT E. SMITH, President Lum-
bermens Trust Company Bank, Port
land, Oregon.


bermens Trust Company Bank, Port |
land, Oregon.
III. ..h.,.n. not % sav ind,fer-
on.a n;,h which tho American nublic
... for.s ana hardshins caus-
L,' ~ snna;at hatwaan canitsI and
!. nro,,orhisi II i. narbans a mass
;...p.;s., - a., fdnd inarIoorco
.,';.h ,',s;ss H. ;ra;v;J,,al Aror;cor nar-
WV" ~ f. '.s asa, tSa ,,anar;as 80 bis
s"so;,.Sa ms og.ns;nn Tho oit;zans ~ tbe
Sp ~ s, - hsaou,a 90 49,
...oaa % .nrrenaar;ro tho;r nsrsonal
,,uN.;n ~. 49, aaa,.eao 20 srd ad-
..'"... - na;.;ons ras,,,;ro fror
,uo 80 .,r;roa ara mode With LITTLE
-, h,in, -, ,ho ,or, ~ tho nub.
~. y. -
NJ ;. n5 .rodo ;o,rro,s do
a.,n .,;.h M oasv accontanco by
~ ~ Iii. 80 .snd;,ions as ,bav ars
ri III pa.. -. - aa,,.,;. ,,or, an
~ % %s;nu an,;I;nr a.on;oscence on The
w. ~ .h aria 4. ~ s,r;La .;,n.-
.' NJ. s. - f.a;rht and eron.
'I, =. - ~a,.rdaa ~ nradrntion nf
s ;arsta,as !. ho;nn sharni, cur.
.a;,a, | ,,,;n,ar !. ,oou;na s,osar ana sver
s' ' 80" - In al s;ans
ya '" a;.,, -, - I'D o
tai. ts LII 49, -. snoedv cot
.i s..sa | nS s.;,I ,hs ";r-
s'e.nt 'u, III - s.n..n ~ ~
o.iu,a''e ~ o paNha .ho, Co.,
peop' =, ~ ssaa, s,,aas. ,,;lI
sur ."a' WI. ..s,o.'
S oon LIS .h uSss.;n" .hon,.oivas
~ - .S;iasash;so, raaaot;ons
vi sol 49, 49, T.. h, NJ Iohn Maodv
Us .aUse e, 'iiuseu w @ :" w ~ w. suonn,aI u o"n
,a.s .,., wen !" ms ''''"' ~
NJ Moa, nd ho hoe sto,,s+,cs
49, ~. III ;aa,,na.a 80
p,0te % IL, @ hnainos, /.
e.seu W n" .. 80, sumnn,od
a. o.' az - s.an ea ..:,iI.
anu '"a. sae "o' :. So" a.. 80
~ .A posa IL. oIssJ H. tsis
ei". ~ nv NV " u".' - .
20 n - ,t.,,,o. !. os,ir.0toa
"orn orn o"o Duo. y, ~. 80. q q
A,-ov''oS' a"a | 30 ' 49,,
pe' .eHs Y. wy 80 :. - .,taI :.
10 80 orn 80 ' 30
'-oV'yo'' -, 'y t.;,' " aIont
ssa;"i,." ~ 80 ,oH7 ,o,o ,aoe ,ono
,son 'p,. ,oos 90, a., ~ ~. & Sss, ~,
""" a"1 sm.;ass ,nas
IN .our =. .nese ~ yeats ~, ,nv,' Oe.nn;,,, uor ma
80" p.o'p..0 anu .e .s. - ~ -
49,. f,o,o va s.oW ~" ,.aL -, nrn.-
as;.,, a,,,l h. rdI,, h a,,r;hr,.d n any
p.nV .ou'u aa' .l W ~ aa .ro.,,'1a. Ths hs
80 raaot;on 81 ieIo he COWS was
,aase,,, az roa,lt 80 ~ nonoraI o,trav-
- S ~ hao,,, oani.ai o,,,lavs 80
Zoo A.. 100. 1900. 80 ~
80. ~ s a. NJ. Nj, l.
avou .Ii. ~ :,a,n a,;,h onthori,v tha,
-. Sosss;., tho'ah H. ,,n,;,'
~ - sa;.;aai - 1huanah ,ha;r
u n.a,;,', - - ..eJ 60,
ha.o,,;,,e 40 .o.,I,, o,d ;nofso;ont 90 20
49, J,.,;s ~ ont;ons 40
sauos. .ho Co.. .ho, ,ha roa;or;tv ~
s.r;.as ane ,aan ~. tho u,nIonars and
a. - ~ l. ushad ~
axoopt;nn hoirr ~ oourso In snch voors
ss ,et7 and ieis whor lshnr ia in such
domsna ,hat no nninns oonoral,v win
ua savs ,ha, in ,oI7 for oxamnia tbo
,n,o on e,a .trit,, l. this rnnntrv
ana ,ho nrIovors nnIv 400 whoroos IN
1ooo ~. o,niorors NOV eao ond tho
rn;ons oo,,, aeo .tr;Los aTho oonoral
principle is" saws Mr. Moody. "that la
bor efficiency diminishes roughly in pro-
portion to the rise of wages; and If the
power of organized labor were never
curbed. labor costs per unit Of output
might become prohibitive. Thus while
strikes cost something, they are worth
something; and possibly in ordinary
times they are worth as much as they
cost"
Strikes have not as rule in years
past seriously interfered with bull
movements in stocks. A downward trend
In the markets was manifest IN l9l7 and
1910, but this was due to ether causes
than labor disturbances, and the many
strikes prevailing in 1902 1906 and 1885
did not prevent great bull movements.
AT no time IN american history mas the
bond market fallen under the domina-
tion of labor troubles.
On the whole. Mr.. Moody's comforting
conclusion is that 1t Is to be presumed,
until proven to the contrary, that these
labor troubles will retard only In
slight degree industrial and financial
progress which will continue in spite OF
them.
Union Pay and Ice Cream in the Holy
Land.
A ,otter IN tho New York Tribune
fror, Iornsolor sovs that M ono who
traw tbo Holv Land in tbe davs Of the
TnrI;sb rooime can fail to note the
great changes that have taken place
tbrouohont the country since the close
~ tha war Tho Turkish army strinped
ps,astiro of its an;mals 70 sucb a d.
eree that whom the American Red Cross
rarived there were many villages with.
out an ANNA, and neither sheen nor