GA GRANDE EVENTNG ObSERVgfc LAi GRANDE: ORE-.' ' , rj jr. iTJrSggt
Page Eighth
"Z i
15
Further Cut In
Price of Butter
Not Unexpected
PORTLAND, Jan. 8 W)
Further
Xectlve this morning, was not unex
pected. In fact such action has been
forecast In these reviews of the trade
trend. Two cents slashed off the
price of cubes on the produce ex
change during the week's initial ses
sion, was the direct result of late
. sluggishness in the movement of both
cubes and prims. This applies not
only to the local field, but to the
coast and In fact the country gen
erally. The great surplus of milk which
has been finding Its way to the
churns, has completely upset the
market for butter and has. resulted
In stagnation that would not have
been shown If normal supplies of
churning material were available.
The cut of 2c in the price of but
terfat. effective at once, was in line
with butter trade conditions.
There was no general change in
the price on eggs for the day but here
and there sales were reflected at
shaded figures. ' This was true not
only of the mediums, but of other
offerings. - : '. ' i '
Easier feeling in the turkey market
is reflected. Sales of both hens, and
toms are being made at 25c lb. for
top grade along the wholesale way.
Large stuff is very slow.
Market for country killed canes i
calves
shows a very firm tone with most of ,
me late saies av iuii
in active call and generally at top
values. Lambs too. Bulls are In call
but cows are slow. . .
. Record early run of Columbia river
smeit is reporiea ux u vw... ,
with liberal ollenngs reacning me
" Bur' ,
at W box of 60 lbs. generally lor rresn
ouenngs.
Stormy weather off the coast con-
tlnued to keep down Uie supply or
ccesn caught fish. There are no
fresh supplies of either blackcod or
llngcod while a famine exists in tne
crab market. , , ' '
Further lift in the buying price , oft
onions Is reported from the Lab'"
recUon at 3J5 cjntal witn
deferred deliveries even higher. Grow-
era are again tightening Tip and of-
ferings are restricted. Jobbers hsve
. . " . J: ...
, T ?. -rZ. ItZt. of
season Is here. The stock la or eXr
cellent qusllty and priced around
, , iv, TT.
3.75 per 16 lb. box. - . .
vm.K nt vhntM.1. tmrtlr. tr . v '
Car California celery ot heart ma-.
tertal class Is reported in. Good eel'
ery Is very scarce.
Mixed car of California
broccoli, turnip, and new radishes are . WASMNOTON. J.n..6 .M-Repre-on
no, hmrf. sentative Rainey. house majority
u h, .m.out of hot.
i,n.. nimir hut some an due
soon from the east. The locsl sea-
son Is over
Hothouse tomatoes are In small
supply: selling well mostly 3.26 $
S2 50 for 10s .
Dcmand for local bunched carrots
is good
Potato market continues - almost
stagnant generally.
HARDING Rl'MOR DENIED
OT3W VbRK Jan 6 IT, ' The
WTeTe wli coJ
momolrs of Harry M. Daugherty. for-
mcr attorney general, will contain a
complete denial that the late Presl-
dent Harding or Daugherty. eveu vis-
ited the famous "UtUe green house
In K itreet." ' - '- ..
' In this house. It has been charged;,
Kardlng and some of his friends fore
gsthered to make merry and discuss
politics.
Raxor Long Employed
Razors were used in K;opl as far
brick its .Vim n r.
MEN'S
MOLESKIN
SHEEP LINEDt
COATS
With Sheep Collars
$3.69
New York Store
CANNON
HUCK
TOWELS
12 for
S1.00
Montgomery
Ward & Co.
noi l wuhinrton Arts
La Grande
OCftjiv gtuiins j kv ..v.
MARKET NEWS OF THE DAY
CHICAGO
, . Open, .'. , High Low Close
Max. ' M JHH , A3 .54 H
May" . . 'M9 M Mi M9M
July .- . m jay, ane,
sept. -554 ' ' .56. M
- . ... PORTLAND WHEAT
Open . UIKh Low Close
Stay 1 .61 .ci), .C1J4
July .5914 J8i4 J9U JM
CU1CAOO CORN
Open Ulrh Low Close
Mar. ........ .3874 Mi ' .38 JB"4
May Hi 4UH M&Mli.
JiUy M .424 M9 At9X
Sept.
CONGRESS IS
PREPARED TO
ACT SPEEDILY
(Continued Prom Page One)
Imperative he considers, .early enact
ment of the proposal..
The senate sub-committee decided
not to amend.the bill. to permit loans
to closed banks. This .type of aid.
si u B1CVU, N1UWU UC UilUCIlOKCU
in a separate bill. - ...zr .
ine sud committee deemed sfainst
nrmittini7 th 'riehntiirM- nf thu'the dividend reduction, rails held ud
; corporation to-be eligible for redls-
!count through the federal reserve
j system. . .;. :
-re oriel rial bill " contained nrovi-1
,jon for . ,uoh retllscountlng.
i . , filass. Bulk ley Object
j The action In making
j ,,', Bmendment followed vigorous
j opposition from Senators Olass. Vlr-
lg,nl, ,no Bulkley, Ohio; both Demo-
crtu who. had '. contended that If
f..r-0 1 r.MrM - rHeVU,nttn nf . th
debentures were allowed, large quan- pay for wholesale sweet cream, on a
UM of low paper wou,d (lnd thlr sc(Je mtXlng it 9 a pound less
way Into the system, greatly reducing than the butterfat price In 4 per
u lendmg power. jcent mill.
Th(J bl M reTlsed by the 1 The minimum Is 43.5 cents a pound
mUtee provldes that Instead of be- butterfat. and the maximum 47.25
mg e,lglble-for federal - reserve re- cents.
. dlscount y,e debentures may be I The proposal was submitted to dls-
'bought and sold by the federal treas- trtbutora and producers Monday by
urr. , : , . . ; ' ... . .Rabbi Henry J Berkowlfe Portland's
0ne of ,ne controversial subjects milk arbiter. Rabbi Berkowltz held 9
Q connecUon wlth the bl had heea centa a fair aifferentlal, considering
ropollal th,t th antnrJ tout of ,km mUk the dlf.
M 000 0o00o0 to 11Mnce the f erenoe between hauling charges on
,,. .,...h,'.m .h
500,000.000. and having the corpora
tion issue debentures for 1,500.000
- v. :. j
Jj ' ,
This charge was vigorously opposed
v.- .undtttx-returv Mil., and ;iT
J
learned ' the' sub-committee decided
not to make It. .
P.LAK CONTAINS SALES TAX
leader, said today the Democratic x
program "undoubtedly will contain ;
m '"" ' '
"This was one: of the ' foremost
hlnu r1 " to Just what tax
Democrats wlU take. The
f b'bg' cleared for rapid con-1
elderatlon of the whole, question I
while . the federal deficit continues
" iii'"Mr.,.
af4 rlAA 1 ' " , i t .. i
6S3.OO0.
I - While Rainey did 'not specify all
I the salts taxes his party, la consider-
ing, 'he said that "probably between
M0O.0O0.O0O : and - S300.000.000 will
;,. "Ised :through sale,
.
? J""bl. representaUve made It
rt the sales taxes would not
b Snefal. suggesUng that levies be
made on gasoline, automobile, radio
and tump sales. ' S
W- i vni ' ti. t. to toiirh m.nv
things to raise the revenue needed
to balance the budget," he said
He suggested that the maximum
Income tax would be 40 per cent.
wnicn u jo per eeni .ess man ine
wartime maximum tax on big In- I
come. . . s I
PORTLAND LIVESTOCK
PORTLAND. Ore- Jan. SKI- Cat
tle 135, calrea 10:. calves and vealers
50c higher. . Steers 400-900 pounds
good (5.75 e 18-25, medium M 50 A
S5.75. common .-.00lj $4 60: 900-1100
lbs. good a5.75s5, medium M 50
WS5.75, common 3.00M.50: 1100
1300 lbs. good s5.50n 2S, medium
W.50s5-50. Heifers 550-850 lbs. good
S5JSSS8.00. medium 4J5 e S3 -25,
common 3.00(f MJ5. Cows good M 00
(4.75. common and medium &3.OO4
M 00. low cutter and cutter (1.00 ?
$a.00. Bulls yearlings excluded, good
and choice (beef) S3 00 S3 .50. cutter,
common and medium $3.00 g S3 00
Vealers milk fed good and choice
1.50as8 00. medium 00 w (7.50.
cull and common s4.OOf7ss.oo. Calves
250-500 lbs. good and choice 16 00
7 50, common and medium M 00 g
6 00.
Hogs. 3200. Including 963 direct:
10-30C lower. Light lights 140-160 lbs.
good and choice S4 655545. Light
weights 160-160 lbs. good and choice
..,. .ou-w los. gooa ana 1NNIPEO Jan. ! - Wheat
choice 535 S5.45: medium weight 'lMr. Msy 6j, a. Julv b
IV? UJfoJ.00 anl,MC' " !f I No. 1 hard 59S: No! I north-
'" "i, cod, "d!nt S9S: No. 2 northern ssH: No. 3
S450 ( MJ5; heavyweights 350-280 50,, 1
390-350 lbs. good and choice M IS rt
M S5. Packltuj sows 273-500 lbs. me
dium and good M.00 4 M 75. Feeders
svockers 70-130 lbs. 3 50flM 50.
' Sheen and lambs 100: ftor hlah.r-
lambs 00 lbs. down, good and choice !
M.50,5 00. medium S3 50 n M 50.
all weights common 82 50 & S3 50.
Teorlingk a-sthers 90-110 lbs. medium
to choice 3.753S0. Ewes 120 lbs.
medium to cho:ce II. 753 00. 120-150
lbs. medium to choice 11.50 H 11.75.
all weights cull to common 11.00 t
1J0.
THRLE-.VL ARM F1KK
PORTLAND, Ore.. Jsn. 5 - A
specUculsr three -alarm fire which
called out all West-side equipment
damaged a large apartment building
here today. Seven persona, including
a small baby, were rescued. One
fireman wkw overcome. Loss was
said by firemen to be not more than
7.SO0. Great clouds of black smoke
from fuel oil tn the basement of
the building covered a wide area.
Lars Pheasant Farm
At one nf the Inrpest phonii
fnrnis in KnniM. on the bonier nf
Sussex nm! Ilamivshln. .nt lien
I'hc.i M hi nro 1; tM I n rn pt M r
Dd At lest en nn s-M
vr c.ir.
w v. - ..... , .... ..
WHEAT
.4 3 '4
Exchange Refuses
! 1 O ISeCOme WOTried
NEW YORK, Jan 5 W) The stock
market refused to be much perturbed
over important dividend reductions
and suspension of a brokerage house
today, and final prices showed few
looses larger than fractions in prom.
.lnent issues.
The. days turnover was only ap-
piuAuiuiwtij j..tw,wv wiun. j
With the exception of Santa Fe,
wnicn was a riven a own do in is pv ,
Swell. Union Pacific, after sagging 3. ',
J recovered most of its loos, and South-j
em Pacific gained a point net.
The dividend cut by American
Smelting resulted In a net loss of
more than 2 In that Issue. f
MILK PRICE DETERMINED
PORTLAND. Jan. 6 W Portland
milk and cream distributors and pro
Hill... nry iiv.ntfri a n.w ryT
HEAVY HENS HIGHER
PORTLAND, Ore.. Jan. 5 A
dearth In heavy and medium chick
ens on the poultry market here to
day has sent heavy hens to an ex
treme of 19 e 20c lb. In wholesale
markets. - The latest buying price of
some of the dressers has been ad
vanced to 17c net, although some
others are paying up to 18c in a
limited way.
There Is quite a fair supply of
lightweights a-allable. but In spots
even these are selling at advanced
prices.
Although dressers of poultry lndl-
cat , the movement win be greaUy
increased soon and that values will
..f, ralu .c
nilt. n-AAIr i-w Viara tuun
ipsst week or so have been very dis
appointing.
Sl'GAR AND FLOVR
, PORTLAND, Jan. 5 Ml Sugar
cane, granulated S4.45 per 100 lbs.,
beet 84 30. -
Domestic Hour Selling price de
livered : patent 49s 6 50; do 98s $5.40:
bakers' bluestem 5.20: soft white
flour S5.10 fi S5.30; whole wheat S4.80
66.00: graham (4 60s (4.80: rye
5.70e5.9O.
PORTLAND PRODl'CE
PnRTi vn Tor. s m n..(t
Direct to ahlppera: station No. l. 21c:
No. 2. 19c: Portland dellverv -nrices:
No. 1. 22c; No. 2, 20c.
Live poultry Net buying price:
heavy hens colored 41, lbs. up 17
18c. Others unchanged. j
Country meats Selling prices to
retailers: country killed hogs best
butchers under 100 lbs. 7, t 8c;
veal en 80 to 130 lbs. 11 12c.
Others unchanged. j
Butter, eggs mohair, nuts, cascara '
bark. hops, onions, potatoes, wool and
hay quotations unchanged.
PORTLAND CASH
PORTLAND. Ore.. Jan. 5 JPi Cash
wheat: Big Bend bluestem 73'ic.
Soft white 58', c.
Western while oS'jC.
Hard winter 58'jc.
Northern spring M'c.
Western red 5a ',c.
Oats: No. 3 white 124.50.
Today's car receipts: wheat 53: flour
10: corn 4- hay 1.
UINMPEC. WHEAT
Scene of
t. - .1 .1'' ir fii -Tt JuTT"
' V ."V
v. X
Itralh iHle thnutsh thK ItnxO: l.i n. N. Y-. ,nliua. utlon. Croatia of hopperv . not ttf Ihenl women,
t-mniled the ptillotin when a work train dahrnl pa-t anil -JOO-poniid w,odrn lit- fell from a flat car Into
the maN-ed hununllv. M.nc thru jn wrrr Injurrtl. sonu pnally fatally. Here nv see offh-iali brrinnln;
.in iliM--li!;.ilii) wnit alter Hie aiitlonl. j
Veterans' State
xid Commission
Has Good Report
By Jerrold Owen
(BtecutUve SecretcSry. Vferans
Stat Aid Commission)
Written for the Associated Press)
SALEM, Ore. UP) The World war
veteran state aid commission, which
handles what Is in some respects the
largest mortgage loan business in
Oregon. Is-emerging from a year of
economic stress with a ratio of de-
, Hnquency to loans granted of only
1 .CC56. Some delinquency exists,
j however, t on .12 of all the loans
' granted. 4 There have been, 12.724
I loans to ex-service men of Oregon
i up to date, totaling 630.127.025.
j It was a matter of considerable
nrnrloA f r ri mm m t cinn that the
numb" of loans granted during .1031
showed such a comparatively small
decrease under 1930. There were 530
1 03118 during the past year for a total
1.070.000. compared with 576 in
l930- for a tolal ot 81526.500. It
u expected that 1932 will see con-
raoie aecrease in me amoun- oi
loans requested, aunougn iue i
no Oflnite indication as yet of a
Churchill, Better,
"Battered but not shattered."
was Winston Churchill s descrip
tion of himself when, as pictured
here, the visiting British states
man left a New York hospital to
return" to his hotel. He Is recov-
crlnc from lnturles received re-
ccntly when he was struck by a
motor truck.
Missing Heiress and Father Reunited .
Z. fix
1 .jrzPSvi&jFi
Hcunited at a Prwldrnre, K. I.. hotcL rt-re J. Prnfleltt, Columbus
rhz:ln More operator, fc. (.irturctl above -..ith his l't-year-nl-l .hiijI.
ter. Virginia, for whom an Intensive search w.u binnrhetl nfter lrr
recent disappearance from a girl's school ot Swart h more. Pa. The
health of the jslrl, who was found in a dazed condition, wvs reporteil
to have hrrn undermined by over -study.
Brooklyn Subway Tragedy
material falling off.
Although the volume of business
handled through the commission In
1931 Increased 4 per cent over 1930,
there has been a pay-roll saving of
&2000 over the preceding year and a
total administrative expense reduc
tipn of (5961. This saving should
be considerably Increased during the
next blennlum, due to the recently
adopted policy of the commission
establishing an insurance reserve
fund to take care of fire losses on
state-owned properties. If experience
in the past is- any criterion, the sav
ing In this Item alone should ap
proximate $8000 a year.
Although the state aid commission
retired bonds in the amount of $1.
125.000 during 1931. compared with
$250,000 in 1930. there still will re
main in the invested sinking fund
of the commission on Jan. 1. 1932,
t2.070.827. It is this . excellent fi
nancial position of the commission
which has made it possible to waive
for one year the half-mill tax levy
uuthorlzed by law. This was done
as an emergency measure to relieve
the tax burden In 1932 but cannot
r-e repeated for some years there
lifter, due to the heavy bond retlre
i .ent program faced by the commis
sion. During the past year the commis
Leaves Hospital
A -t
J-
1 Vvife
f X 14.
v. i
Ion made a profit on the sale ot Its
investments totaling 113,480.
Administration of the property ta
ken oyer by the utate under deed or
foreclosure totaling 12.147.725. has
been handled at a cost of only 4
per cent of the Income from these
properties. Revenue received from
rental of state-owned ' property to-'
taled M8.521 during the past year,
compared with 142.117 in 1930. In
addition there are accounts receiv
able -on rental and farm crops held,
totaling 15820. -
Value 'of property taken over t by
the commission In 1931 because of
the failure of borrowers to carry out
their contracts was 1320,000. During
the same period the commission sold
property, bringing In 1185.806. .
The state aid commission has not
declared a moratorium, neither has
It adopted a "hard boiled" attitude.
A deed' Is accepted or foreclosure
proceedings started only as a last
resort after the veteran has been
given every reasonable opportunity
to take care of his obligation. The
only fixed policy la one of fairness
to the veteran and to the state . of
Oregon, each case being considered
entirely on its Individual menu.
LOSltNE I
PERSONALS
By Mrs. William Wlggans
(Observer Correspondent)
LOSTXNB (Special) Mrs. Anna
Hook entertained the bridge club
last week with three tables at play.
Mrs. Carrie Caudle' won high score
and Mlns Poley low. Mrs. Hattle
Leonard wlll be the' hostess this
week. "
Mrs. Lloyd Chapman gave a lunch
con Saturday '..onoring Miss Ruth
Leonard, Edna Hatrunack, Charles
Bammack. Martha Crow. Melvln
Crow and her house guest. Miss Fern
Rartsock. of Medford.
Tho Lostlne Civilian and Rifle club
will hold Its annual meeting Satur
day evening. Jan. 9. - All members
sre requested to be present as there
will be election of officers and. other
business to come before the meeting.
Romalne Banmans left Thursday
In his truck for Paradise. Cel.. to
stay wttl) his mother. Mr. Banmans
has been in " Lostlne for about four
years.' r
Charles Bammack came la from
Portland where he has been attend
ing school, and spent the holidays
with his parents, Mr. and Mrs. Floyd
Hammack. - . -
While coasting near her home Sat
urday. Ellen Garrett slipped on the
Ice and broke her arm. She was
taken to the hospital at Enterprise
where the broken member was set.
Norman Splndler arrived on Sun
day's train from Ashland and Is
spending this week at the Earl Al
len home. "
. Mr. and Mrs. Clayton Knodell and
two sons, of Enterprise, visited over
the weekend at the parental W. B.
Hunter home. '-
Mr. and Mrs. Ernest Shipley and
son. Robert, of lone, drove over last
Thursday for a week's visit at the
home of Mr. and Mrs. Earl Allen.
Sunday they were dinner guests at
the home of Mr. and Mrs.- Leslie
Ruppllnger near Enterprise. '
Ferrell Williamson, who- Injured
his knee while skiing several weeks
ago has been suffering lram an-Infection
which has required visits to
the Wallowa hospital. He Is staying
at the borne of Mr. and Mrs: Howard
Williamson.
Mrs. Henry Kubn entertained at a
chicken dinner, Mrs. Marietta Mc-,
Cubbln. Mr. and Mrs. P. L. Pearce
and family. Mrs. Violet Kuhn and
daughters. Miss Valska Irwin Par
ent and children, of Union.'
Mr.r. John Lewis will be hostess to
the Community club Friday after
noon Jan. 8
Miss Esther Crow who arrived IronA
Berkeley. CaU last Thursday spent
the wee with her brother. Ouy Crow
and family.
A delightful party was held at the
home of Mr. and Mrs. Walter Quis
enberry Wednesday night Those who
attended were Mr. and Mrs. Lee Wis
dom. Mr- and Mrs. Edgar Garrett.
Mr. and Mrs. Dee McGee and Mrs.
Mary Downs. Cards and music were
the diversions of the evening.
A watch party was held New Year's
eve at the home of Mr. and Mrs. Lee
Hammack. There were 17 In the
party which watched for the advent
of the new year.
M. and Mrs. Mack Cook were New
Year's guests of Mr. and Mrs. Jed
Ccok lip the Sout! Fork river.
Routh McKennon was in the val
ley last week from his home near
Alicel to purchase two carloads of
horses, but the price dropped and he
bought only 16 head.
J. C. Shackleford. a resident of
the valley in pioneer days and sher
iff for two years, died at his home In
Lewis ton a short time ago. He drove
a stage for Joe Keeney and J. M.
Church on a run from the Wallowa
valley to Imbler and later he had a
livery stable in Enterprise. He leaves
a widow and two daughters.
A New Year's night dance was held
in the LosUne hall Friday night with
a very large crowd present.
$616,6 52.89 OF
1930 TAXES ARE
REPORTED PAID
(Continued From Page One)
the automobile fees totaled 8379.75.
Collections on former rolls are:
1920 tax 152.93
Penalty and Interest
1921 tax
Penalty and interest
1934 tax
170.04
10-87
103.16
79.67
133.40
33.47
Penalty and interest
1925 tax
Penalty and Interest
IWtf tax
210208
Penalty and Interest
1927 tax
Penalty and Interest
1928 tax
Penalty and Interest
1929 tax
-89JJ3
nuuTO
139996
- 6561.46
103094
. 18.623 92
- 1612.57
Penalty and Interest .
CHICAGO LIVESTOCK
CHICAGO. Jan. 5 11 (V. S. D.
A.) Hogs 43.000: 140-210 lbs. S4-20g
S4.30: sows S3 is a 3 35
Cattle 9,000: bulls MOO a MJi:
vealers I5.50et7.00.
Sheep 25.000: native and fed west
ern lambs M 00 v s 25; ran? feeders
M40MG.
JANUARY FEATURE VALUE
J. C. Penney Co.
DEPARTMENT
1307-1309 Adams Ave.
Corporation In
1931 Clean -up
Of "Racketeers"
By Jamrs W. Mott
(Oregon Corporation Commissioner)
SALEM. Ore. W) The principal
achievement of the corporation de
partment during the year 1931 has
been the clean-up of financial rack
eteering, and the stabilization of the
building and loan business in Ore
gon.. By a financial racketeer Is meant
a person who organizes or gains con
trol of a corporation for the pur
pose of enriching himself by appro
priating the .mony of those who
have Invested in the securities of
the corporation. Most financial
rackets, including the building and
loan racket, have been carried on by
means of two methods. Under the
first method the racketeer organizes
an Insolvent corporation, and then
sells to the public, under a permit
obtained for that purpose, the stocks,
bonds or shares of that corporation,
the racketeer knowing, of course,
that the so-called securities are
worthless and that the Investor will
lose every cent of the money he puts
into them.
Under the second method the
racketeer acquires control of a sol
vent corporation and then proceeds
o scuttle it by taking out of the
company all of its liquid or market
able uut. The latter method is
the one that has been chiefly em
ployed by the building and loan
racketeer.
: , The present corporation commis
sioner assumed office on April 1,
1931. At that time financial racke
teering under both of these methods
was in full swing and had been for
more Ahan five years. During that
time investors In Oregon had been
swindled out of millions of dollars
through these rackets, all of which
were beine Derated under the euise
cf permits Issued through the cor
poration department. Investigation
has revealed that In each case these
racketeers had not only thumbed
their noses at the corporation de
partment while they sAittled their
companies, but that ot the same
i time they were adding Insult to in-
b" rtlslng to the world that
w -""v
tloM, """ Pvlslon ot the cor-
poratlon commissioner
On April 15, 1931. the present cam
Da ten for the elimination of rackc- , ... . ..i ' ?ni-.
. . . . , . riiie the day beforo they killed the
teering was launched. The result of o;ricers
our campaign can be summed up as Q5car young who u heW fQr lni
follows. I vestigation, said his brothers visited
1. Active financial racketeering In j ms home and mW wanted M
OregoR has been effectively stopped. ; weapons for a humlng trip satur. -and
no one now is venturing to ap- (lay
ply for a permit under which a rack- i ore than 83000 faas been sub;
et, can be operated. On the other I scnbed here to a fund for the fam.
band, applications for permits toU!mes of the slam ofncers. ,
securities cf legitimate concerns are .
increasing
2. Two persons have been tried
and convicted. Three cases have !
been set for trial. Further invest!- j
gations are being conducted. j
3. The. building and loan racket
V.,..- Uun nlrt.. 1 TT...- '
building and loan association in Ore
gon now under its own management
is operating legitimately and within
the provisions of the statute, and the
building and loan business Is being
conducted upon a sound basis under
the kind of supervision the statute
prescribes.
SILVER STEADY
NEW YORK. Jan. 5 tP) Bar sil
ver steady and unchanged at 30c.
Charter No. 9311
REPORT OF THE CONDITION OF
UNITED STATES NATIONAL BANK .
Of La Grande, In the State of Oregon, at the close of business
on Dec. 31. 1931
RESOURCES
Loans and disccunts s 756.715.34
Over? rafts
United States Government securities
Other bonds, stocks, and securities owned 31.394. 81
Banking house. S31.360.00 Furniture and fixtures. S14.647.23 46.007.53
Keai estate owned other than banking
Reserve with Federal Reserve Bank
Cash and due from banks
Outside checks and other cash Items
Redemption fund with U. S. Treasurer
U. S. Treasurer
T0TL - - - Sl.147.341.97
I.1AH1I.1TIES
Capital stock paid In
ourp.us
1 Undivided profits net
Circulating notes outstanding
Due to banks. Including certified and
. outstanding
Demand deposits
Time deposits
TOTAL
State of Oregon. County of Union.-
th.V th.Ii'J?T,1T"" Cf1?ter ot ,nt
that the above statement Is true to
!iibcrihrt .nri . .
Buoscnoed and sworn to before me
this 4th day ot Jan.. 1932,
O o r.,... ,.
o. R. Clacomb.
Notary Public
My commission expires ,I.m 29 m
' '"'
Unusual . . . RunResist
Rayon Undico
S for (5(c
Short Bloomeri, Two
Styles of Panties
and Vests!
Think of it --dainty undies of firmi .
long wearing rayon ... at this mar
velously low price I Pink or peach in
sires 34 to 42. ,
STORE
La Grande, Ore. :
killers shot
TO DEATH IN
HOUSTON, TEX.
(Continued From Page One)
border to prevent the fugitives leav
ing the country.
Among the six men shot to death
by Jennings and Harry Young last
Saturday was Ollie Crosswhite. fath
er of Keith Crosswhite, held In the I
county jail here pending filing of
first degree murder charges against
the youth, who is 19 years of age. ,
Young Crosswhite and John Owens
fired shots here Oct. 18 resulting in
tho death Dec 30 of Amos "Spud"
Helms, state policeman. Mr. Helms
was buried here Saturday at about
the same time the elder Crosswhite
was shot to death in Springfield. Mo.
MRS. YOfNO IS NOTIFIED
Springfield, mo.. Jan. 5 m
Mrs. J. D. Young, who said she hoped
her sons would commit suicide to
avoid capture, collapsed today when
informed they were dead.
"Oh. God; oh, God, why did they
do it?" moaned the 66-year-old
mother.
Asked if she had not expressed the
wish they would take their own lives
rather than fall Into the hands of
the law. Mrs. Young screamed:
"But they are my flesh and blood.
I didn't want them, to die In a
fight."
The elderly woman attempted to
ask where her sons' last fight took
place but her speech became Inco
herent. Her voice rose In a scream.
Mrs. loung was leaning heavily on
reporters about her. She .collapsed
into unconsciousness.
As her voice stilled, through a pai
tttion separating her from the sher
iff's home, could be heard the sot
bing of mourners about the bier Qt
i Sheriff Marcel Hendrix. one of tn
s victims of her sons' deadly aim. '
I Detective Ben Bilyieu. one of the
wounded survivors of the farm yard
massacre, said today he had recog
nized among the outlaw garrison
Fred Barker, who Is wanted for the
killing of Sheriff Roy Kelly in a gun
battle at West Plains, Mo.
Paul Young, brother of the men
killed at Houston, is being sought al
though there Is no definite evidence
he was a participant in the shoot
ing at the farm house.
Officers said today Oscar Young
admitted he had given his brothers.
! Uamt onH lannlnn: a chnlmin anH a
COORDINATION OF
TRANSPORTATION
IS RECOMMENDED
(Continued From Page One)
izing the railroad express agency as
! a mecium for handling all less than
: carload freight with expedition In
service and reduction In charges to
the shipper. . . .
"Regulation of the transportation
of persons by motor vehicles for
hire operating on public highways
in interstate commerce should be
provided for by law."
Reserve District No. 13
1.777.90
owned
169.050 00
house
and due from
24,028.04
41.161 94
81.905 3 J
301.39
5.000 00
100.000 00
20.000 00
11.786 OS
98,620.00
7
cashiers' checks
- 0 34579
" 3199026
l.IZZZIZZ' 590687 47
.Sl.147.341.97
noove - named bank, do solemnly sweat
the best of my knowledge and belief.
L- H- BRAMWELU Cashier.
Correct Attest- V
Attest.
A. J. VAN VALKEKBURO..
0
FJL
AH NOCK.
Directors.