Image provided by: SEIU Local 503; Salem, OR
About The Oregon state employee. (Salem, Oregon.) 1944-195? | View Entire Issue (Jan. 1, 1948)
20 Eleanor was married January 3J, 1948! Congratulations to the newlyweds! Robert Tugman, deputy in the S.W. 12th street office, has left the service. Good luck to you, Bob! Helen Mc Cain, clerk-typist in the Central Bldg., has left state employment to accept a position with the Phoenix Life Insur ance' Co. Best of luck in your new work, Helen! William Bartholomew. The Oregon Trail Chapter Elects John Eastman, press correspondent of the newly formed No. 3$ chaptet at The Dalles, announces the new officers elected December 12, 1947, as follows: Laura S. Collins, president; Ivan Mc Kee, vice-president; Mrs. Ethel Gamble, secretary-treasurer. Mr. and M r s . Thomas Boothby acted as sergeant-at- arms and secretary, respectively during the installation, by Lowell Stratton, of The Dalles Chapter No. 9. Mrs. Bessie Selisch, superintendent of nurses, gave a report of the council meeting held at Salem in November. General Observations Salem Chapter No. 1 has offered to pay part of the costs of obtaining paid newspaper space for OSEA publicity, if and when such action seems necessary or desirable. At the board of directors meeting last December 20, they ex pressed appreciation of the offer, but did not at that time feel that paid space would be necessary on the wage issue as it was then being favorably con sidered by the board of control. How ever, the public relations director is in vited to come before the board# of di rectors at a later date for approval, or to proceed with paid advertising if emergency arises. Mr. J. N. Chambers, chairman of the Civil Service Commission, was for some time seriously ill at a Salem hos pital. He is now recuperating at his home in Salem. The only people who never make mistakes are those who do nothing. State Liquidates Old Loan Firms The - Corporation Department has just concluded the liquidation! of the Intermountain Building & Loan. A « |n sociation, a Utah corporation, has paitfSP all Oregon investors one hundred cents on the dollar, and has money left/ This is the last of eleven, savings and loan associations that failed during the de pression years and were taken over by the Corporation Department either fqr liquidation or operation. As a result of this activity, ten were liquidated, and one recapitalized and returned to active status, and is doing very well. The Intermountain Association Was transacting business in ,»&■' western states, as follows: , Arizona, California, Idaho, Oregon,. Utah and Wyoming. Only in Oregon have; the investors re ceived 100 per cent of their ■ claims. This is wholly due to three factors, f l ) salutary legislation enacted by, our islature ip 1931, (2) an aggressive a n d ^ vigilant enforcement of these laws,, and (3) /the phenomenal improvement; in post-war real estate values. In the states of Arizona, Idaho, Utah and Wyoming the investors received but* 3f cents on the dollar. In California they received 99 per cent of their claims. Litigation was instituted early1 in the proceedings, both against the California Savings and Loan Compaissioner and the Oregon Corporation Commissioner, by a federal receiver appointed in Ari zona by the United States district court. Although it was a Utah corporation, the Intermountaih. Building & Loan Association had moved its office from Salt Lake City to Phoenix, Arizona, without the consent or approval of the state authorities of Utah. After his pointment, the Arizona receiver im- W ' mediately demanded that both the Cali fornia Savings and Loan Commissioner and the Oregon Corporation Commis sioner turn over all the business, affairs and assets of the association located’ in each of these states, and on the refusal of each of these officials to comply
