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About Oregon daily emerald. (Eugene, Or.) 1920-2012 | View Entire Issue (Dec. 2, 1947)
Former Coach Faces Charges Richard S. Smith, ex-University of Oregon football coach, was among those sued last week by First National Bank stockholders. A series of lawsuits totaling $273,160 was filed in the Lane coun ty clerk’s office against the First National Bank of Eugene and Rich ard Shore Smith, former president of the bank. A Walter Camp All American at Columbia university, Smith was Oregon football coach in 1904. The litigation grew out of the sale of the bank on December 5, j 1945 to Transamerica, holder of j control in 45 Oregon banks. The Eugene bank thereby ' became af filiated with, but not a branch of the First National Bank of Port land. Paid Only Half Twelve capital stockholders al leged that the directors conspired with Transamerica Corporation to give them about half as much as their stock is worth. They also al lege that they only received $220 a share for their holdings in the Eugene bank although Transamer ica Corporation was offering $412 a share. In identically-worded suits, the plaintiffs charged that negotia tions for the sale of the bank be tween the directors and E. B. Mc Naughton, representative of Trans america “culminated in an offer by the Transamerica Corporation to purchase the stockholders’ hold ings at $412 a share. Price Not Revealed “The directors of the bank did not conceal from the minority stockholders the amount which the Transamerica Corporation was willing to pay for stock in the bank. “They (the directors) made an agreement that they would re ceive an increased price for their stock and stock which they con trolled if the stock holdings of the balance of the stock holders could be purchased at a lesser prise.” AAA Driftwood Exhibit to Open An exhibition of driftwood in the sculpture studio display room will be open until Friday of this week. Presented by the school of archi tecture and allied arts, well-dis played pieces show the results of a field trip to the coast by the upper division sculpture class. Experi ence in form and texture are high lighted by the use of shadow forms appearing with each piece of drift wood so that a combination of form in space relates to reflected form. The Scalamandre textile show in the main gallery of the same build ing closes Thursday and is open from 1 to 5 p.m. daily. The drift wood exhibition is open all day and Friday will be the last day for showing. Teacher Service Schedules Meeting All prospective teachers who plan to secure teaching positions for mid-year or next fall through the University teacher placement service are requested to meet on Thursday at 4 p.m. in the educa tion building. The teacher place ment service will be explained and registration forms will be passed out. These registration forms must be filled out and returned to the teacher placement office by the beginning of Christmas vacation as enrollment should be completed by then. Campus Club Heads To Pose For Photos Presidents of campus organiza tions are scheduled to have their pictures taken for the 1948 Ore gana this afternoon between 1 and 4 in front of the art museum. Those scheduled to appear in clude presidents of the following organizations: Order of the O, WAA, Inter-Varsity Christian fellowship, Newman club, Plym outh club, Mortar Board, Phi The ta Upsilon, Druids, Kwama, Skull and Dagger, AWS, Physical Scien ce club, One World club, Hui-O Kamaaina, Chess club, Dames, Un iversity Religious council, Canter bury club, Gamma Delta, and the Lutheran Students’ association. Presidents are requested to wear campus clothes with sweaters, jac kets, or insignia of their organiza tion. Clipped from the report of a girls’ baseball game: “Everything was going fine for the local girls until the last half of the fifth when all the bags got loaded.” Holm to Appear In Music Recital Margaret Holm, senior in music, will give a clarinet recital at 8 tonight in the music school audi torium. Miss Holm, accompanied by Wil ma Jeanne Wilson, will begin the program with “Gavotte” by Lully, “Musette and Scherzo” by LeClair and Wain, “Giga” by Vivaldi, and “Variations on a theme of Mozart” by Beethoven. The program continues with “Suite for Clarinet and Piano” by Halsey Stevens, which includes the movements Agilmente, Adagio non troppo, Bucolico and In Modo in sistendo. Debussy’s "Suite pour le Piano” follows, played by Miss Wilson. Concluding the program, Scher zo Brilliante and "Recitative and Polacci” from the second Concerto by Weber will be played on the clarinet by Miss Holm. The performance is the fourth in the concert series sponsored by the school of music. A gold-digger is a human gimme Pig Deadline Nears For C. S. Exams December 16 will be the closing date for a civil service examination for P-1 positions as chemist, li brarian, metallurgist, engineer, phyicist, mathematician, and psy chologist, according to Karl W. Onthank, dean of personnel admin istration. This examination is an nounced specifically for college graduates and seniors who have no work experience. The examination is unusual in that it allows applicants to specify the naval activity or activities in which they desire employment. Ex aminations will be given in Eugene, Infirmary Claims Victims The following students have found their way to the infirmary, since Thanksgiving vacation: Gre ta Stunz, Marilyn Madden, Janet Hicks, Virginia Burt, Oscar Benja min Braaton, Bruce Moorehead, and William F. Raw. Copy Desk: Jeannine Macauley Jim Bernhard Marge Scandling Ginger Denecke * Portland, and elsewhere through out the state. 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