anaheim-gazette 1925-01-08
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AMERICA AND THE
ALLIED DEBT
Sir Leo Chizzey Money, former parliamentary private secretary to Lloyd George, has written an article for the London Daily News in which he declares that the United States is playing the role of Shylock in demanding repayment of the loans made to European governments during the World War. He argues that war obligations ought to be pooled among the victorious powers involved, and points to the larger sacrifices made by Great Britain and others of the allies as compared with the United States as a consideration which should weigh heavily in the settlement of this question.
This writer, along with others who contend in favor of the repudiation of definite international obligations, overlooks some important phases of this question. The United States had no part in the creation of the European conditions which brought about the war. It was the result of European rivalries and conflicts in which the country had no interest. Few of the European government involved in the war had any opportunity of choice as to participation. Their vital interests were involved from the beginning. They saw advantage in the defeat of the central powers, and disaster in Teutonic victory.
The United States was brought into the war by no such considerations. The national honor was involved by attacks upon the American shipping, but the nation's vital interests were not. The material interests of the nation would have been served by continuing in the profitable role of neutral. The lives and properties of Americans except on the high seas were not under control.
LOOKING FORWARD TO
A GOOD NEW YEAR
The year 1925 is beginning under auspices which are very favorable so far as the United States is concerned. A year ago we were on the verge of a bitter political campaign and the country was torn by charges of corruption in public office, inspired by campaign exigencies, which had a deleterious effect on the nation's business.
Now that the campaign is over, the scandal mongers have been repudiated and the business interests o f the nation are adjusting themselves to the reassuring fact that there are ahead for them two years of constructive legislation and sound economic policy.
Business in all lines is making a gradual recovery from the depression of last spring, when the political bombardment was at its worst. From every hand comes the report that conditions are getting back to normal and that usual production is being resumed in all branches of industry.
The situation in the agricultural portions of the country has shown decided improvement during the past year. Prices advanced materially during the summer and fall. In the western wheat country thousands of farmers were put in position to pay up arrears and enjoy a surplus in the bank. Only a partial failure of the corn crop in certain states prevented an almost complete recovery.
That the farmers of the country see better times ahead is indicated by the fact that the wheat acreage for 1925 is showing increase instead of decrease as was the case a year ago. It is regarded as fairly certain that the price of corn will stay up during the next season, and a bumper crop of this important commodity will make the republican party it is true that old prejudices survive up to this point and vote the democratic relly hoping that win. The time is at hand when they be entirely wiped out.
Yet it is significant of the demoralizers, is being in independent sealand that the leadion are coming to terms of the short-ciminJeffersonian party.
Republican states are becoming frequent than their and it behooves leaders to pay some important common at all likely that they will mend its way will meet with them the democratic bishouth. Many of these leaders would be in the accomplishmenlthe backport in the northstates to win tha tion of country dominate. For this cause of the great south, the th sectional lines aland and the people o will be in a fair ing nationally im far as their gems are concernn
The United States was brought into the war by no such considerations. The national honor was involved by attacks upon the American shipping, but the nation's vital interests were not. The material interests of the nation would have been served by continuing in the profitable role of neutral. The lives and properties of Americans except on the high seas were not endangered. England could not have honorably stayed out of the war, in view of her treaty obligations and from the moment she entered the war the very life of the nation was at stake.
Before America's entry in to the war the output of her manufactories and farms and the assistance of American financiers was a large factor in the effort of the allies. Without that help the cause of the allies would probably have been lost, certainly without this assistance plus the later military effort in the war it would have been.
At the end of the war the United States asked nothing except a treaty which would give some assurance of permanent peace and stability in Europe. Great Britain and other European powers asked and received large territorial acquisitions and indemnities. Germany, the most formidable trade competitor of England before the war, had been rendered helpless. It is true that the war attained such proportions that the effort involved made his consumption of little value; still that objective on the part of both France and England was attained.
Americans have been taught to believe that the financial obligations of a nation are as sacred as those of an individual. The money loaned to the allies was borrowed from the American people on the supposition that the debt would be paid without question. The war has brought heavy burdens of taxation to the people of the United States. Europe is staggering under the same burden, but the thought of this does not make the load of the American taxpayer any lighter. The United States has been reducing expenditures rapidly, and has adopted a pay as you go policy. Some European powers have resorted to additional bond issues, inflation, and large military and naval expenditures instead.
Since the war American financiers have loaned and invested billions in Europe. In relief projects the Ameri-
THINKING NATIONALLY IN THE SOLID SOUTH
Editorial comment in southern newspapers, and letters appearing in many of these papers since the election, all go to show that the election of President Coolidge and the consequent defeat of the democratic national ticket was not taken to heart in that section of the country which has for so many years been solidly Democratic. A great many southern democrats are expressing the opinion that, to succeed in the future, their party must pursue a vitally different course, and become a party of sound business principles and constructive effort.
There is reason for this steady change of sentiment in Dixie. For the Solid South is no longer a onecommodity section of the United States. Its industries are many and varied, and increasingly prosperous.
States. Europe is struggling under the same burden, but the thought of this does not make the load of the American taxpayer any lighter. The United States has been reducing expenditures rapidly, and has adopted a pay as you go policy. Some European powers have resorted to additional bond issues, inflation, and large military and naval expenditures instead.
Since the war American financiers have loaned and invested billions in Europe. In relief projects the American people have spent hundreds of millions more. It is a queer philosophy which now leads a European commentator to refer to the one nation which went into the war seeking nothing and came out of it getting nothing, as a "Shylock" because it expects the payment of money loaned to the allies during the war to enable them to conduct their military and naval operations, while we, too, were spending more money to conduct the war than we have expended for governmental operations in all our century and a quarter of history preceding the World war.
The truth is that the United States has been as far from a Shylock in the matter as a government conceivably could be. Its agents haee no right to either forgive or repudiate obligations deliberately contracted, but they have been given the right to settle those obligations on the most generous terms as to time of payment and rate of interest. No "dunning" program has been dopted. On the assumption that the great governments of Europe are as honest as an individual is expected to be, they have been expected to bring up the subject and procure a settlement. This Great Britain has done, to her credit. It is unfortunate that so honorable an action should be marred by protests against it. From men who believe in "dead-beatism."
Democratic. A great many southern democrats are expressing the opinion that, to succeed in the future, their party must pursue a vitally different course, and become a party of sound business principles and constructive effort.
There is reason for this steady change of sentiment in Dixie. For the Solid South is no longer a onecommodity section of the United States. Its industries are many and varied, and increasingly prosperous.
In the old days when the raising of cotton by cheap labor was the only industry in the South, the planters, who were the leading politicians were very strongly in favor of free trade. Their cotton crop did not need protection and they thought that they could save money by buying their finished products in the cheapest markets which then, as now, is Europe. Their principles were purely sectional, not national, and it seems not to have occurred to them that the South might not permanently prosper if the industries in other parts of the country were paralyzed by cheap European competition.
But now all this has changed. Manufacturing industries have sprung up all over the south and are constantly increasing. Many New England manufacturers have taken their entire plants to the Southern Atlantic states. Iron and steel now figure in the prosperity of the south too, and the southern farmers, driven by the boll weevil to the task of diversifying their crops, have found that many of the things they raise demand protection from the cheaper agriculture of the Old World.
For this reason, and because of the increasing business stability and prosperity of the south, the leading men of that section are coming more and more to agree with the doctrines of
the republican party in spirit at least. It is true that old traditions and old prejudices survive, and most of them up to this point have continued to vote the democratic ticket, while secretly hoping that the republicans will win. The time is evidently not quite at hand when the old sectionalism can be entirely wiped out.
Yet it is significant that the criticism of the democratic policies and blunders, is being more and more open in independent southern newspapers, and that the leading men of that section are coming to speak more openly of the short-cimings of the so-called Jeffersonian party.
Republican victories in the border states are becoming more consistently frequent than they were a decade ago and it behooves the republican party leaders to pay some attention to these important commonwealths. It is not at all likely that the democratic party will mend its ways in a manner that will meet with the entire approval of the democratic business men of the south. Many of the bigger democratic leaders would like to do this, but in the accomplishment they would alienate the backbone of their support in the northern and eastern states to win the approval of a section of country which they already dominate. For this reason and because of the growing prosperity of the south, the time is coming when sectional lines are to be wiped out and the people of the United States will be in a fair way toward thinking nationally instead of locally, so far as their general political problems are concerned.
SUPERVISORS' PROCCEEDINGS
The County Auditor was authorized to draw a warrant for $250 on the ad-
lic highway.
Deed for right of way from Aldrich Land Company, in the Fifth Road District was accepted and declared a public highway.
A resolution was adopted accepting a gift of right of way by George Huntington, et al in the matter of the California State Highway.
ORDER TO SHOW CAUSE ON PETITION TO MORTGAGE
IN THE SUPERIOR COURT OF THE COUNTY OF ORANGE STATE OF CALIFORNIA.
In the matter of the Estate and Guardianship of J. M. Hazard, Incipient.
James M. Hagard, the guardian of the person and estate of J. M. Hazard, incompetent, having filed herdin his petition, duly verified by afidavit, praying for an order of this court authorizing, empowering and directing him, as such guardian, to mortgage the real property of said incompetent therein, and hereinafter described, for the purposes set forth in said petition; and it appearing that it will be of advantage to said estate that said mortgage be made:
IT IS ORDERED, by the Court, That all persons interested in the estate of said incompetent, do appear before this Court on Friday, the 30th day of January, 1925, at 10 o'clock in the forenoon of said day, in the Court House at Santa Ana, California, in Department 2 thereof, then and there to show cause, if any they have, why the real property of said estate and guardianship, described below, or some part thereof, should not be mortgaged for the sum of $3,666.67, as prayed for in said petition of James M. Hazard, the guardian, this day filed, or for such lesser amount as to the court shall seem meet. Reference is made to said petition for further particulars. Said real estate, the property to be mortgaged, is situate in the County of Orange, State of California, and is more particularly described as follows, to wit:
NOTICE TO CREDITORS
ESTATE OF PETER HUTAIN, SR., Deceased.
Notice is hereby given by the undersigned, Mary Hutain, Executrix of the Estate of Peter Hutain, Sr., deceased to the creditors of, and all persons having claims against said deceased, to file them with the necessary vouchers in the office of the Clerk of the Superior Court of the County of Orange, State of Calif., or to exhibit same with the necessary vouchers to the said executrix at her place of business, the office of Weisel & Stark, rooms 2, 3, and 4, Golden State National Bank Building, in the City of Anaheim, County of Orange, State of California, within four (4) months after the first publication of this notice.
Dated this 31st day of December, 1924.
MARY HUTAIN,
Executrix of the Estate of Peter Hutain, Sr., Deceased.
Weisel & Stark,
Attorneys for Executrix.
1-1-5t.
NOTICE OF ASSESSMENT
December 30, 1924.
Dear Stockholder:—
The Annual meeting of the stockholders of the Anaheim Eucalyptus Water Company will be held Tuesday, January 20, 1925, at 1:30 p.m. at the company's plant, R. D. No. 3, Anaheim, California, for the purpose of electing directors for the ensuing year, and the transaction of any other business that may properly come before said meeting.
By order of the Board of Directors
SUPERVISORS' PROCEEDINGS
The County Auditor was authorized to draw a warrant for $250 on the Advertising fund, in favor of Harry C. Upham, Chairman of the Orange County American Legion. Same to be used in advertising Orange county at Pasadena, January 1, 1925.
The chairman was authorized to sign disclaimer in case 17994. First National Bank vs County of Orange.
It was ordered that the assessment assessed to the Seventh Day Adventists Association of Southern California is covered by tax statement No. 1260 be cancelled, for reason that said property is used solely for church purposes.
A dance hall license was ordered issued to E. P. Harpold at Wintersburg.
A pool room license was ordered is sued to Sam C. Newnes at Placentia.
A fumigating license was ordered is sued to R. F. Frick and C. F. Coffin.
The county auditor was authorized to draw a warrant for $250 on the Advertising fund in favor of George A. Raymer, Secretary of the Fullerton chamber of commerce to be used for advertising Orange county, for the purpose of endeavoring to locate Southern branch of the University of California.
Deed for the right of way from J. L. Worthy, et al., in the Fifth Road District was accepted and declared a public cause, if any they have, why the real property of said estate and guardianship, described below, or some part thereof, should not be mortgaged for the sum of $3,666.67, as prayed for in said petition of James M. Hazard, the guardian, this day filed, or for such lesser amount as to the court shall seem meet. Reference is made to said petition for further particulars.
Sald real estate, the property to be mortgaged, is situated in the County of Orange, State of California, and is more particularly described as follows, to wit:
Parcel 1. An undivided two-thirds (2-3) interest in and to the Easterly Ten (10) acres of the Southerly half (S'ly ½) of the Westerly half (W'ly ½) of Lot Seventeen (17) in Block "K" of the Kraemer Tract, as per map thereof recorded in Book 12, pages 87 and 88 of Miscellaneous Records of Los Angeles County, California.
Parcel 2. An undivided two-thirds (2-3) interest in and to the Southerly Ten (10) acres of the Northerly half (N'ly ½) of the Westerly half (W'ly ½) of Lot Seventeen (17) in Block "K" of the Kraemer Tract, as per map thereof recorded in Book 12, pages 87 and 88 of Miscellaneous Records of Los Angeles County, California.
Parcel 3. An undivided two-thirds (2-3) interest in and to an easement for road purposes over the Westerly 30 feet of the Northerly 10 acres of the Westerly half (W'ly ½) of Lot Seventeen (17) in Block "K" of the "Kraemer Tract," as per map thereof recorded in Book 12, pages 87 and 88 of Miscellaneous Records of Los Angeles County, California.
It is further ordered, That this order to show cause be published once a week for four consecutive weeks before the day of hearing in the Anaheim Gazette, a newspaper of general circulation published in said County of Orange.
Dated this 31st day of December, 1924.
R. Y. WILLIAMS,
Judge of the Superior Court.
1-1-5t.
The Annual meeting of the stockholders of the Anaheim Eucalyptus Water Company will be held Tuesday, January 20, 1925, at 1:30 p.m. at the company's plant, R. D. No. 3, Anaheim, California, for the purpose of electing directors for the ensuing year, and the transaction of any other business that may properly come before said meeting.
By order of the Board of Directors of the Anaheim Eucalyptus Water Company.
M. E. BEEBE, Secretary.
31-1-1-25
NOTICE TO CREDITORS
IN THE SUPERIOR COURT OF THE STATE OF CALIFORNIA IN AND FOR THE COUNTY OF ORANGE.
In the Matter of the Estate of Carl E. Davis, Deceased.
Notice is hereby given by the under-signed administrator of the Estate of Carl E. Davis deceased, to the creditors of and all persons having claims against the said deceased to file them with the necessary vouchers in the office of the Clerk of the Superior Court of the County of Orange, State of California, or to exhibit the same with the necessary vouchers to the said administrator at her residence Number 510 East 2nd St., Santa Ana, California, the same being the place for the transaction of the business of said estate within Four Months after the first publication of this notice.
Dated this 11th day of December, 1924.
ESTELLA JORDAN:
Administratrix of the Estate of Carl E. Davis, Deceased.
J. F. Conkey,
Attorney for Admx.
Date of first publication December 18, 1924.
Second Annual Statement
OF
Anaheim Building & Loan
ASSOCIATION
OF
Anaheim Building & Loan
ASSOCIATION
On December 31, 1924 the ANAHEIM BUILDING AND LOAN ASSOCIATION was two years old. The growth of the Association is attested by the statement submitted herewith, at the close of business December 31, 1924.
STATEMENT
RESOURCES
Cash on hand in banks... $14,051.36
Loans, first Trust deeds... 203,337.39
Furniture and Fixtures 304.53
No borrowed money on bills payable.
LIABILITIES
Capital ... $52,500.00
Surplus and undivided profits ... 8,623.87
Membership shares ... 19,000.00
Investment certificates ... 111,875.00
Installment shares ... 6,366.91
Pass Book Certificates ... 7,669.80
Incomplete loans ... 9,692.63
Ledger accounts ... 1,965.07
TOTAL ... $217,693.28
TOTAL ... $217,693.28
A. H. DOMANN—Doctor at Orange, California.
WM. FALKENSTEIN—Merchant at Anaheim, California.
O. A. INGRAM—Merchant at Globe, Arizona.
C. S. O'TOOLE—Doctor at Anaheim, California.
WM. STARK—13 Years Trustee of Anaheim; 4 years Mayor.
S. P. SEIERSEN—Secretary and Manager.
F. A. YUNGBLUTH—Merchant at Anaheim, California.
J.C. Osher, D.D.S., M.D.
PHYSICIAN AND SURGEON
EYE, EAR, NOSE AND THROAT—ORAL SURGERY—GLASSES FITTED
Building and Loan
Fire and Compensation Insurance
FRANK TAUSCH
111 N. Los Angeles St
OFFICE PHONE 46 RES. 342-W
MUSIC INSTRUCTION
By pedagogue of great experience, and concert pianist of international reputation.
MR. KURT MUELLER
Will be at the Anaheim Conservatory, 705 W. Center St., every Wednesday.
When you "set a thief to catch a thief" the chances are they will combine forces and rob you.
Announcing an opportunity to invest in the profitable business of AUTOMOBILE FINANCING
A going concern with a record of having paid 82% in cash dividends the past three years. Send for booklet and references.
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Address
RELIANCE HOME INVESTMENT COMPANY
109 LONGUEST AVENUE
Long Beach, California
Orange County Business College
MR. KURT MUELLER
Will be at the Anaheim Conservatory, 705 W. Center St., every Wednesday.
Orange County Business College
SANTA ANA, CALIFORNIA
The school that makes you self-reliant. Our thirty years should allay all fears. Fall term now going—day school, night school. Students received any school day or school evening. Positions for all graduates. Phone, write or call for full particulars.
J. W McCormac, President.
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BEN P. LIPPI, Proprietor
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Accept only "Bayer" package which contains proven directions.
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WM. GILMORE, Anaheim Agent, Phone 129
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225 West W. Cleaver, Prop.
Santa Fe Ave. FULLERTON 26