La Grande evening observer., February 13, 1926, Image 4

Page Four
LA GRANDE EVENING OBSERVER
Saturday, February. 13, 1926.,
(Inrorporalnl)
Hn luclrfH-nilriit NewHpnpoi
frank n. Arn.nnT..
Editor ana Publisher
UAUVICV J1ATTI1EWS
Ilunlnciuf Manager
I'ub lulled evenings, except Sunday, ut Hit Adumn Avenue.
La Grande. Oregon. The Observer-Hfar nnbllsneii every Friday.
Enti-ruil at the l'o.slofflce ut J. Grande, Oregon, ut HecunS
Claim Mull Mailer under act of March 2, 181$.
, OFFICIAL I'Al'FR OF UNION COUNTlt AND TUB . .
(JIT OF LA OIUKDK
i
MliMllIJR ASHOCIATKI) MIKHS
Tho Associated I'resa la exclimlvely entitled to uae for pub
lication of all news dipatchen credited to It or Dot otherwise
emitted If published therein. All rlulits of n punllratlou of
pelal disputrhe In this paper, und uIho the local new. herb
In also lwo reuerveu.
fjUHHCHIPTlON JtAi'Si T
' v- Ujr tarriti
Pally; prr month In advance. ,
lialiy, per six iiiciithfl In advance
lluily, siiibiu copy ... ... , ......
. Ilf Mall
Pally, por month In advance ;
Dully, per six inontha In advance
)Mlly, per year In advance
Weekly Observer-Star, per year ...
Tr.o
,. JI.O'i
HOB
IJ.5D
, f,.0.l
JlllO
OUT OUR WAY
By WILLIAMS
V;
M. M r-r-tA SrtftlMER MADE FtC? TZ GEfUF.P? AT v-C Hii FWitNOS A
vsl fell f wis wife i Them'oe Jos V ovm mis nwe J
! n D 4ili2 startvj t pumch -61-)
i. it i vji flit v r- - v ;
)w mm cM win h
I - A BoTcwEr? msitFE. OM ThE ' j
, CO mPamm & "Time, .
j 1 J.QIMI srwvicc ' i
VOO RE AURiGrWf FEW
A WOuR EW SO WT
f5&W ! IrV Bull is
bar im in" Blacksmith
shop Qrrria a soup
SrtAlMER MADE FEC?
WIS WIFE i Xhv-i oe Jos
STlNRT'vJ T PuwCH 1H"
HOLES MOVA!
W MADE THAT
BOABOoJ MlSSoS
A FLiWEC? .A,T
vetWBoT .
TmMw he. Put t
GETUer AT i-CAg
OM MIS QJW
MES 1 k0AJ.
IF HE VJO?KtO
FAOOS HEt
8E kaam'isi AlL '
VtiS FniEwDS A
AOE.CE' r
' ,--'-sCV
ADVKIITIHINO HATKfc
Plnp'.fiy, forlRn, per column Inch
Jlailuy, local, per column Incli
Time contract ratf8 on application.
- -...Ala
..- .....4'JO
Till-: SCKl'Tlin OF (UlAfH "Th Hrcptre aliall not rt--pui-l
from Jorlah, nor a lawgiver from hctwi-cn hla fct-i, n n; II
HMlluh -rDiui: at, I unto llltn aliall the iralhcrlni; of the jx-ojtln
W (lei). - 49r ID.
; ; Mussolini may he pretty biff, hut the world is indefinitely
tagger, and it does not have much stomach now for war
talk. .
Flint Presbyterian clnirphi 7:30-9
l. in., Hervicfl, Ktiat Hide Ilii))tiat
fhuwh;- II-Hi; t fonceri, rhcvrolet
niphony orrlM.st m. ' '
Kll.l, l.os Auui'li'S, Col. 40S.2iil-7Hlkf),4-5
p. ni., lAlasonlc service
:3il-7, I.elKlllon'H-Arcatle cafeteria
orchestra. Jack CrunHhna-, leader:
7-7:3(1. Flint .Methodist Knlxropal
ehlM-eh; S-10;3l). prniiram, Flr
teenth Natlonul Orange' ahow at
San Ilernardino; Juse Arla8 Mex
lc-an orchestra und entertainers)
Arlon nulhtet.
K. IIi.IIyu.hkI. (ul. (frUMIiii-
Ktloki ), 5ii-T p. m.. . 1'nltali'jn
church service; 7-S, l-'irst l'reshy-
terian church of 1 lollywo.ld: !1
10:311. program, llevet-ri- I Oils
.VursericR with Jlussian atrinff trio;
(Vilmon l.uhovfsld, nuister . violin
ist.
( KF(, Sail I 'rnnelM-o, ('III.
( U'H.:liii-7(l(.Ui ), !:4.".-H15 a. m.,
un.lenominulioual and non-sectul--
iinn church servloe; contralto solos,
IjJIlian Wa.liiinKlnnj' iinprovfaita-
lion, 1'ila Wal.lrop; 0:4r.,' "Ve
Townc- I'l-yer"; ,1-li p. Ul., orcein re
cital. Mnrshnll W. (liseluiitn; -
;'. We wonder if that new "Hotel Coolidge" to he erected
in Chicago will be operated on stiietly economic principles
of the New England type ?
La Grande basketball, fans were treated to a real thril
' lor last night when Pendleton suffered defeat here. The
boys are improving with each game played. The teanl will
be a good tournament contender.
' .
; The coal strike was settled yesterday in the east. From
all appearances the net results are loss of several months'
wages by thousands of needy miners, loss of several months'
sales by non-needy operators, elimination of 'any coal sur-
i'iub in i-naiiM ii siaies so mat. prices couiu oe maintained
ut;n favorable level, education of people In the effected
districts to use soft coal, oil, electricity, and other substi
tutes for anthracite. In addition to this, one of the net
t insults has liecn to show tye country thausinesg, c&r
go along very much us usual under such Conditions. All
in all, it looks as though coal strikes, coal miners and coal
lllinou WfillM .ha Inua lYanilritlf iiA fl.a fnl.ti.n
CAT
Tmaos Harm mo.
By Junius
' Used for a boy . A red-headed,
re.l.fcic.-d boy applied for t)ie jol,.
"Io you like work?" asked the
merchant.
I "No. sir." sal.) the hoy. ' "
J "Then you can have the job.
1 .
" i N0N-V0T1N0 STOCK.
' 'The New York Stock Exchange has issued a formal
warning regarding stock issues offered through the ex
change agencies, particular reference )cing: given to the
existence of voting control. It is a statement that followed
somewhat closely on the criticism made by Professor Wil
liam Z. Hipley, of Harvard University, before the American
Academy of, Political Science. The following quotation from
his address gives the gist of the criticism as it affects
Slock Exchange Activities:
Two changes in the nature and conduct of colora
tions characteristic of the post-ar period have, a
direct bearing upon the future of private business in
.its relation to the supervisory or regulating ugencies .
of the state. - '
The first of these changes is the divorce of the
-. ownership of property, represented by securities
emitcd by coi-pomtion or trustees, from any direct
accountability whatsoever for its prudent and effi
. cient management. The second change is the wide
. and ever-accelerating diffusion of u considerable por
tion of this ownership, represented by stock holdings
of employes and of the direct consumers, both of pul
' be utility corporations and of private business as well.
The net result of both changes is the assumption of
, an absolute control by intermediaries most com
. monly barikers, so called in place of the former
. responsibility for direction."
'. In other words, Professor Ripley refers to the now
popular practice among many large corporations b'v which
two classes of stock are issued and sold, one with voting
power being retained for the purchase of the bankers or
manipulators of the issue, the other having no voting power
..uiiiR oiieren 10 me general public. The most notable ex
ample is found in (he recent purchase or Dodge lirotliers
by Dillon, Reid & Co., Investment bankers, for ?1 IG.Ooo.ooo,
which was re-sold to the general public through the Stock
Exchange for $100,000,001). In addition to this indicated
profit, it was discovered that Dillon and his associates re
tained control of the company by keeping 500.000 shares
cf Class 11 stock which has voting power, all the Class A
slock lieing sold, it having no voting power.
1 Although Professor Ripley questions the resulU of such
u practice if it becomes general; the American public who
buys securities of Ihis character seems to have little con
cern as to who runs the industry and who controls the elec
tion or meniliei-s of the board of directors. Theoretically,
it appears to be a dangerous concentration of control with
the investment bunkers. Actually, they would probably
maintain that control throDuh nmit im.l.... .j:i
" - i vunui tii. no.
If the stock 1u.yii.jr public (and one out of every seven
Iconic in this country owna corporate Mock of some kind)
knows what ft is doinjr and known that the stock of this
character that it purchunes is shorn of all control, there
seems to lo little to woiry alout. State or federal super
viton is the natural result when the small, voteless stock
i'tf1er j.e;oiuea dissatisfied. That time has not yet arrived.
A m'wnptip.'r in known by whut
It print und Mkorl hy mitnr for
what It liot-'Hij'L print.
. i
I Whfii u )iiiMunl hands tin wiff
a mull orrt'T nitnloir nnrt tntls ht-r
(to pirk out hT Kownn from that
yon ran r-Mt H'.irt-tl that tin
)ionynioort U ovir. . -'
''.Untltrr." Miltl tin Hillf hny. nf
ur oniliiR riAm n wlk. "I've
tii a mnli who nuikc Iot-ts."
Aii nrt sun;" tikiit tin nn-
llll'l'.
"VtV ln n plU.I. '( hml a
lior-o lu'iirljr fitiishrd when I miw
Mil.; Im wnt Ju-t unll iu an Jiis
Murk rii'l.'
. Wllt'Il II itlllilliO, fHCIipt'U libt
441'cpcrs, t Hiifn- phu-o for him Hr
hhl In Ut k-1 a )nU In u jn.. nr
ehcHli'ii. Kvi ryboily will think ln'
jiiat one of tho hunch.
Ki-rpliiR on tho hnp may Ih kooI
lulvlff, hut oonHlilrr the fh-a; the
flra SOOIl KOCH tO tllO lIOKM.
A niKff'il roal oftrn roilivalB an
honest In-art ami 11 hotlh' at
hooch.
'
WHY I I.OVK KI.OItinA
Hy Junius)
1 lovo Klorhlu.
IIh pvoplf nn- llio hest tin North
ran proiluct'. .
Hm climat. 1m tiw most InvMlnff,
lhat cvi r clHt'i In tt prospectus, j
It prt rn ntM KlnrloiiH opportun- j
1ii K to maki money in orange
phniatlnns, on city lotn, iind on
lt ocnnii ' TronlaK hnn moro !
hulldiiiff Hltnn than u realtor c:in
fhnki u utiikii at.
. I lov l-'lorhla. ,
I have m-wr hern thorn. ,
'Sli. I lMliiv ynu'n Iryinjt to
UIM IHCI'
j "Well now tltnt you umlrrslnnd,
.snp past ii tpitt niilHns each
ullicr nml co-opcniet' n Utile.
Radio
9-1 1, utmlio proirmm.
KIAVIl, HoIInM.1. ( nl. (Aini
IMHlke), 9-11 p. in.. Wunu r Itroih
pr Sunln y nitrht movie frolic :
Jack Smith's dane or-K-stra; Jack
Kiirls, whiHtlinr pianist; AUmtI
Kffflovich, violinist: ln GriHey,
ti?nor.
Kf;0. OnkUml al. (SRI 2m
SOkr), 11 a. m.. s- rico, St. l.uke-s
Kplncopal church: S:S p. m-, Kt
J-lttle Symphony orrh-?itra; Mar
jorlp Sprafnie Ktomr. contmlio; S.
St. t.uke's KpUcopal church.
K;Vf I-ortland, On. IO!--m.
tilOke). noon, wrvu.
i;iMi:Miii:it 'I'o.ioituow! .
St. Valentine's
Day
isn't this" u Kood time fo.
yo-.i to fall In lino and K
vi' the. old custom of your
youth '!, Why not treat your
wlfti us u Mweethi'Mrt nnl
snd her'n lo?c ot Vatfntlhi
t'andy? -
We lavp inndii special
preparation for this occasion.
Wf have just received a.
fn-sh shipment of
in different alaed hoxes, nnd
will be pleased to dvMvvr
on- -for yoli. .
Red Cross
Dru Store
FLORSHEIMS
FOR THE ;
MAN
WHO
CARES I
.... . ' - .. i - l
N. K. West & Co. Inc.
La Gmnde'a Leading: Store For 25 Yeai-s
C:3T, Wraldomar Mm! and th Hint' s lan McQm hac, , tenor; MUilrH
Hcstaurant orchestra: ' :aO. "Yo Mar.sh, pianist. .1 -Towne
Crsrr ': t:0-8:a&. Palace K'I'Alt, Oakland, Chi. ' (240iii-
hotel concert orclicstni, t'yrns liloOkc); 9:45-lfl:4ii a. m.. llihlp
Trohho, director; 8:35-9, Kndy Kid- lecturo, Prof. K. CJ. Ltnsley; U-
jjer'a iairmont hotel orchestra; li'iltu p. m., church M'rvlce; 7:45-
0:15-10:15. Atwnler Knht artist y:lfl, church scrvlcej D::0-U, con-
iprogram', Ernest Infold, inc.; Al- cert.
ilgiffii
FOUR
FLOORS
OF
. FINE
FURNITURE
W. H. Bohnenkamp Co.
Established 1896
SI .MIAY. V'l:l)ItlKY it.
.Moiilitilin liino Stations.
KI'.M''. Colnraili, Siiins. t'lAn.
(S.VIiu-l'JOIIkv). 11-1 p. (i- First j
l'rcjhyt-rlan chupch; 7:3n-9 p. ni.. j
rirst M.-tho.ilst I'hurch.
KOI. Diiivcr. O.ln. (:)i.lm
O.'llilii'). ll):55 n. m., St. John'.!
I'lpisi'iipiil catlir.lnil. !
I'o. llli- Tlim Station I
KM. l,os Aiincltw. ( ill. ('1117m-I
(il'JIii-), 4-5 p. ni., v.'spor stTviri1; -ii::io.
Nilililly il.ilnKH; 7-S, proKfiUlt,
A. II. (ir.-lH & roinp.'tny, pri'tionl-.j
Iny: thf SyllrlirophuNO strlnfon
n.'inl.l.': s-!l, A.'ollun rt'Hltloiire plpi-1
orwiii), I:in I,. Mcl-urlunil, orKim
lt: si-in. MuiipiiiC llrln nml llor
r.lii.. llinl hum); 10-1 1, l'arkiiril
Si .laliro orrlirsl rn.
lil'OX, 1HlK lli'fli'll. Cnl.J
(J:l'J.4ill-UW)ki'). Ii-li::i0 p. m.. i
Itraylon's Ihrati-r 9ri?an; 11:30-7, j
atiiiis.-ni.'lit lnrtrina(n: 7-7:45. In-!
VHlniPiit hour;' 7:45-9, wrvirp, j
."lrt rililirll fit fhrlsl" S.lc.illsl :
See Our Windows
FOR DISPLAY OF GIRLS' SPRING HATS
Special Priced for Quick Sales
$3.25 " '
Norton's Kiddy Shop
Ami Mm. l:ia It l hard, of 'la-
eoiua. ah., nskiiiK a divorce
iH'auH as sue nlt.c, her Inw
Imntl miikcfi n iioIm like an nlr
"htp en utiic when lie cat? Miup,
The trouhle almtit luiylnK' It with
Howem Ih that the violet is too shy
and the daisen won't tell.
Parson "Urol her Join s, do. s
your daiiKhicr trust in find.'"
Itroiher Jones "She must,
judirlnu ly t In- company lu'
k re pit."
A I'nlon merchant had a-lv- r-
SPECIAL
PRICE
On ( lose-Out Patterns
Dishes.
SEE WINDOW
F. L. LILLY
Hardware
Main 85
AUTHENTIC
STORIES-
Of early Eastern Orejron life and tlevolopment should
bo pivseived and peiH'tu.-it(vl. An effort to do this
is beinjr made hy. the Hot Lake Sanatorium.
It will he appreciated if( any early settler, any
descendant of our sturdy pioneers, r.r anyone iaier
ttiled in collecting such history, will communicate with
DR. W. T. PHY,
HOT LAKE. OREGON '
That
$25 or
A Month
That money you feft sure could be
saved every month last year, that sur
plus in your income that you planned
to put aside for a good investment
vhaC happened to it?
Did you really put it 'in a good 7
investment that is accumulating in-:
terest for you semi-annually? Or did
the money just "get spent?"
If you had a La Grande Building &
Loan contract and have put your sav
ings into it regularly, you are well on
the road to an estate of which you
can he proud.
Hundreds of people got sueh a start
last year requiring a new issue of
?500,000.00.
You can Itegin today .with, as little
as $5.00 a month.
La Grande Building & Loan
Association
FLOYD MfKENNON. Sales MnRr.
1-1 Grande Natinnxl Rank I'.M.
Save Your Money!
Save your money you oan no more hull.l :ip a.
fortune without the first dollar than you ran
Iniil.l a house .without the first liriek. It tali.-s
money to rtiake money anil by. aluitinff now lo
save a part of what you earn yon will be nine
to fcfeet "name ..Opportunity" with n smile win n
she knnckH at your tioor. . ' '
t
, Open n Liberty Hell Saving Aeeonnt with .
Hank the rirst thing TO!OUl?nV ami ' obtain a
Liberty Dell Hank.
La Grande National Bank '
La Grande, Oregon
Get Results
. BY USING :
LAND
PLASTER
THIS SPRING. '
For alfalfa, rdd clover, sweet clover
and white clover blue grass laVns
apply Gypsum as a top dressing.
Land Plaster will feed the white clov
er more sulphur, and the clover in
turn will furnish the blue grass more
nitrogen.
, " Not expensive to use.
Sawyer-Holmes
Merc. Co.
Phone Main 17 .
743
1,