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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (Aug. 4, 1919)
THE MORNDO OREGONTA MOJDAT, AUGUST 4, 1919. HORSES TD HAVE BIG TIE AT STATE FAIR Pacific Coast Entry List to Be Arranged For. FANCIERS ARE TO MEET Elaborate Feature Programme Be ing Arranged for Fall Exhibi tion at Salem State Park. SALEM, Or., Auff. 3. (Special.) A horse show, something different from those held in the oast, will be one of the chief features at the state fair this year, according to a decision reached by the state fair board in session here last night. A meeting has been called in Portland for Tuesday or Wednesday night, when Secretary Lee will meet with represen tatives of the San Francisco. Portland and Vancouver, B. C, riding- clubs. At this meeting decision will be made re garding the classification of entries. Relay Racea Attract K.ntrl. Iaily relay races will also be an at traction at this year's fair, featuring the famous Parsons string of Wyo ming, Byers' horses from Pendleton, J3rumheller stables of Walla Walla, Wash., and a woman's stock from Cheyenne. It is also possible tnat a race will be arranged between an airplane and auto-, mobile, although details for this event have not been worked out by the board. The collision between two locomo tives, which the board has been plan ning as a feature earlier in the year, has been canceled. The entries in the cattle show will Include animals from Wisconsin. Min nesota and various parts of Canada, in addition to the local offerings. Coast Hornc for Show. In the horse show will be entered choice animals from Los Angeles. Oak land, Portland and various points in southern Oregon. Mrs. Anderson, a prominent society woman of Los An geles, has promised to make five en tries in the latter show. Special memorial services for the late ex-Governor Withycombe will be held in the evening of the first day of the fair. The speakers will include men prominent in the affairs of Oregon and the nation. The fair board tonight took up the matter of laying out an aviation field and arranging hangars for the army planes now stationed here. But no definite agreement was reached. Defi nite action regarding the aviation sec tion of the fair will probably be taken some time next week. .More than 80 tractors have already entered in the exhibit and demonstra tion divisions, and this number will probably be swelled to more than 100 the opening day of the fair. in the city. And this Is just the reason they need a kindly understanding woman to taRe them into her house hold. There are at the present time five girls waiting to be placed, three of whom desire to do housework and the remaining two wish board and room only, as they are employed downtown. Co-operation from the churches is generally sought in placing the girls, and efforts are made to have them live in homes of their individual religious choice, if there is any. The work is strictly non-sectarian. As many as 71 girls have been at the home at one time, and it is prac tically always has at least half this number. "They don't look any different than any other mother's girl,' Miss Murphy declared yesterday. "It's simply a case of where one has had a chance and the other has not. The coming-back process is much more difficult than the slipping down one. Many of the young women have turned out a credit to the com. munity; I could cite many cases to prove this showing where a good many families have taken ihera in and been proud of the results." Miss Murphy has regular office hours, and those desiring to reach her Bhould call Marshall 4779. TWO MILLIONS IN JUICE LOGANBERRY FLUID COMPANIES MERGE CAPITAL. MINE COMMISSIONER HERE HEARING OF CHROME CLAIMS IS SCHEDULED EOI4 TOMORROW. Prohibition Creates Immense De mand for Widely Advertised Product of Pacific Xorthwest. By filing amended articles of incor poration the Phez company has become the successor of the Pheasant Fruit Juice company of Salem and Woodburn, and of the Northwest Fruits Products company of Olympia and Salem, which were merged under a working agree ment in the Pheasant Northwest Prod ucts company. Friday the last of the legal requirements was disposed of and the concern that is the pioneer in sev eral popular products that have nation wide sale and the largest national ad vertiser in the Pacific northwest is now in shape for greater business ex pension. With an authorized capital of II. 000.000, of which I7S0.O0O has been issued, and preferred stock of $500,000, of which $180,000 has been issued, the total assets are placed at 12.066.499.69. G. E. Miller & Co., dealers in invest ment securities in the Northwestern Bank building, has purchased and offers subject to prior sale $50,000 seven year 7 per cent coupon gold notes of the Phez company, of a total authorized issue of $600,000. Dated July 1, 1919, and due July 1, 1926, the Interest pay able January 1 and July 1 at the Title & Trust company, Portland. or at United States Mortgage & Trust com pany. New York. The notes are issued in denominations of $100, $500 and $1000, and are redeemable at the option of the company at any interest date after two years. This is said to be the largest issue of securities of this character ever made by a northwest concern. Ex-Senator John F. Sliafroth Is in Charge of Investigation of Losses in This District. Ex-Senator John F. Shafroth of Den ver. Colo., chairman of the federal min eral relief commission, arrived in Port land from Medford Saturday. Mr. Shafroth expects to open the mineral ' relief commission hearings in the new postoffice building tomorrow, two days in advance of the date originally fixed. Claims of Oregon miners will be con sidered Tuesday and Wednesday, and Thursday, if necessary. The claims have been on file in Washington since June 2, and the commission of which Mr. Shafroth is chairman was appointed by congress to make investigation and to clarify some of the points involved. The sum of $8,500,000 has been ap propriated by congress to reimburse the miners who answered the govern ment's call for chrome, manganese, tungsten and other minerals needed for the manufacture of war materials. Parties who were put to heavy expense in exposing deposits and installing ma chinery are to bo reimbursed. The hearings were started in St. Louis, and have been held also in Little Rock, Ark., Tucson. Ariz., Los Angeles, Medford, and will be conducted in Baker and Spokane before members of the com mission proceed to Salt Lake. In order to facilitate the work in the northwest, one member has gone to Baker and an other to Spokane, while Mr. Shafroth will dispose of claims in the Portland district. MAYOR'S MEET SUGGESTED Coast Conference Planned to Help Reduce Living Costs. Conference of the mayors of the large cities on the Pacific coast for the purpose of discussing ways and means of beating down the high cost of living, and working out a plan to aid the fed eral government in its activities along the same line, was suggested by Mayor Baker in telegrams sent to tne varrous mayors Saturday. The telegrams were dispatched to Seattle, Tacoma. Spokane, San Fran cisco, IjOS Angeles, San tiego and Oak land, Cali fornia. Mayor Baker in his message called attention to the opportunity which coastwise co-operative action presents in handling this problem. No date or place was suggested in the messages, "Mayor Baker believing that such de tails can be arranged if the majority of the mayors addressed are agreeable to the plan. GIRLS IN HEED OF HOMES MATERNAL rXDERSTAXDIXG CAX HELP IX UPWARD CLIMB. THREE HURT IN ACCIDENTS Rider Sustains Broken Leg When Motorcycle Skids. Two persons were injured in traffic accidents Saturday night. A. J. Classen, 24. an employe of the Northwest Steel company, suffered a broken leg wnen his motorcycle skidded at East Water and East Morrison streets. Mrs. E. B. Wade, 21, of Oregon City, was cut about the head in a collision between her husband's automobile and a street car at East Eighth street and Hawthorne avenue. Mrs. Ada E. Mon row of Oregon City fell from a load of hay near her home and fractured her left leg. The Arrow ambulance brought her to Portland and took her to St. Vincent's hospital. Wards From Cedars Are Placed in Positions but Friendly Hands as Guides Are Wanted. HIGHWAY IS NOT CLOSED Road Near Hood River to Be Blocked Xext Week. HOOD RIVER, Or., Aug. 3. (Special.) The past month's reports of closing the Columbia River highway between Hood River and Cascade Locks for pav- ng construction crews have not been dissimilar to the experience of Finne- in. A few days ago it was announced that the road would be closed Monday. Superintendent McElvaine, in charge of crews at Cascade Locks, today in formed operators of motor buses that the link would not be blocked until the middle or latter part of next week. When, as and if issued: Surely, in all of Portland there are come understanding mothers with spare rooms in their homes and a bit of maternal love in their bosoms who would like to shelter a girl a girl who is climbing a rough and rocky upward trail. It's tremendously easy to slip downward, but it sometimes takes a helping hand on the reverse grade, and it is just those helping hands that - Miss Anna Murphy is looking for to aid girls from the Cedars. A year and a half ago Portland estab lished the Cedars, a detention hospital for girls suffering from social diseases. It's a pretty place just off the Columbia and is a veritable haven for friendless highway adjoining the county larm womanhood. The administration build ing and two cottages composing the home are in charge of Miss Lena Goodin, who has been acting as matron since the first of the year. When cured these girls are sent to Miss Murphy, who has an office at "3 Selling buildinsr, and she finds posi tions and homes for them. The Cedars, which is one of the best detention hospitals in the west, has thus far up held the reputation of being the only one that does practical follow-up work in each individual case. Very few of the young women ir the hospital are out of their teens they have come from broken homes where there has been a lack of oppor tunity and too little faith in the value of education and religious teachings. In nearly every case when a girl reaches the Cedars it is the first time ehe has had anyone interested in her personal welfare and willing to lend yrapatby, and, for this reason, it is often with great reluctance they leave GRAIN COLLECTION BEGUN Clarke County Preparing Exhibit for Fall State Fair. VANOOITKR. Wash.. Auc. 3. fSpe- cial.) Chat Knight, -who for 30 years has prepared the annual Clarke county agricultural exhibit for the state fair. has begun the collection of grams tor this year's exhibit which Is to be held t Tokima this fall. H has collected CASTOR I A For Infants and Children In Use ForOver30 Years Always bears the Signature Cuticura Promotes Hair Health Sample 0rh frwe of ' -OMlmifc Dn. &. IMotiwi. " NURAYA TEA FUor CUul & Dvar - PartUoa An Opportunity for Investment for the Securities of a Successful Northwest Industry oo9ooo 7 Coupon Gold Notes of The Phez Company, Salem and Olympia Redeemable in Two Years or Any Interest Date Thereafter at 103 Dated July 1, 1919 Maturity in Seven Years Interest Payable Semi-Annually $600,000 Authorized; $500,000 Issued Par and Accrued Interest, to Net 7 Title & Trust Company, Portland, Trustee Interest payable without deduction for any Normal Federal Income Tax now or hereafter deductible at the source not in excess of 2 per cent so far as may be lawful Few concerns have grown so rapidly, and attained a national sale of their products as has the Phez Company. This issue is a consummation of the consolidation of The Northwest Fruit Products Company, manufacturers of Loju and Applju, and the Pheasant Fruit Juice Company producers of Phez. From an experimental basis in 1913, this new Oregon and Washington fruit juice industry has grown to where, in 1918ihe sale of their products amounted to $1,300,000. Phez, Loju or Appleju are sold in practically every town and city in the United States. Security for This Issue PLANTS AND EQUIPMENT As determined by the General Appraisal Company, Seattle and San Francisco, June 1, 1919 $ 987,659.63 LIQUID ASSETS m - Consolidated report as of December 31, 1918, by Whitfield, Whitcomb & Co., certified public account ants, Portland . . ... ..... ....... . ... . ... .... 1,077,840.06 Total assets ... .-....$2,066,499.69 The net earnings applicable last year to payment of interest were $120,000, or approximately three times the interest on total authorized issue. Plants Plants of the Phez company consist of modern loganberry juice plant at Salem; plant No. 2, Salem; plant at Woodburn, Oregon; Applju plant at Olympia, Wash ington, and new, completely equipped jelly, jam and preserving factory at Salem, Oregon. Capitalization The Phez Company Is capitalized at $1,500,000. of which $1,000,000 is common and $500,000 preferred. Common stock issued and paid up, $780,609, leaving balance in the treasury. At this time, $100,000 of the preferred stock is beinp taken up by the officers and friends of the company. The money provided by sale of Note issue, to gether with this $100,000 is to retire existing in debtedness of the company, which now stands in the form of commercial loans from banks. Con servative in their management, the companies which are now being consolidated in the Phez Company have hesitated, until now. to borrow in the open money market until they had first demonstrated the success of this industry. Protection to Bondholders 1 During life of note. The Phez Company shall maintain at all times net tangible and unin cumbered assets at least equal to three times the outstanding note of this issue. (2) It shall maintain net liquid aesets at leaet equal to 1 times the amount of the outstanding notes of this issue. (3) It shall not permit any lien, mortgage or other incumbrance against any of its asets, except ordinary commercial loans. (4) It shall not, during life of these notes, de clare any dividend on common stock in excess of 6i. These stipulations are all provided for In trust agreement, executed by The Phez Company and filed with Title & Trust Company, Portland. Ore gon, where interest and principal of notes will be k paid as due. A SOUND INVESTMENT It will be noted from the Appraisal ($987,659.63) and the Audit of Liquid Assets ($1,078,840.06) that the TOTAL OF PRESENT ASSETS IS MORE THAN FOUR TIMES THE AMOUNT OF THIS NOTE ISSUE. The Phez Company has shown their ability to successfully market their products. . Wilh national prohibition, there will still be a greater sale of unfermented fruit beverages. The value of so-called "soft drinks" consumed by the American public in 1919 is estimated at $72,000,000. This represents an increase over $58,401,000 in 1914. Besides the fruit juices Phez, Loju, and Applju the company is now manufacturing and will sell a large volume of Phez Jams, Jellies and Preserves. A great publishing house recently made an investigation of loganberry juice throughout the East. Their report includes this statement: "In estimating the future possibilities of loganberry juice, reference is often made to the development of the grape juice market. At the beginning the market development of grape juice was exceedingly slow. It is reported that it was at first difficult to get people sufficiently interested to try free samples. Now the making of grape juice is a large industry. Though at the beginning it was considered a luxury, it now has very wide dis tribution and is considered almost a necessity. Phez already has a very favorable beginning. In half of the best retail stores visited its sales wre reported as equal to or exceeding those of grape juice. It is commonly thought to have a flavor and individual quality superior to grape juice." Because of the well-known success of The Phez Company, the standing of its officers and stockholders as conservative business men, we predict that this issue of $500,000 of Coupon Gold Notes will be oversubscribed. Therefore, if you are interested, we suggest that you telephone or wire us at our expense. After a thorough investigation of the security behind these notes, we purchased the entire issue for our own account and unqualifiedly recommend them for investment. Pending delivery of definitive notes interim receipts will be issued. Price, Par and Accrued Interest, to Net 7 per cent. G- E. MILLER Northwestern Bank Building COMP AaNY Portland, Oregon specimens of the following different kinds of wheat: Sun wheat, 40 fold, blue stem, marquis, little club and ti tanic. Besides these he has collected timothy, oats, buckwheat and rye. Later all kinds of fruit, nuts and field crops will be added, to the collection. According to Mr. Knight, the quality of the grains collected so far Is far above that of former years. Mr. Knight prepared Clarke county's exhibit at the Panama-Pacific exposi tion which was awarded the highest prize for the country. The exhibit which he is now preparing may be shown at the land show in Portland. NOW PLAYING V1,,1, - . 1 f 1 J J J" D. W. GRIFFITH'S Masterful Drama Based on the Story of a Plain Girl "TRUE HEART SUSIE" with Lillian Gish and Rob ert Harron Coming Friday Dorothy Dalton in "OTHER MEN'S WIVES" PLANE "GLIDES" 35 MILES New Record Is Established by Air man at Ithaca, X. Y. ITHACA. N. V . Aug. 3. What is said to be a world's record for airplane I power at an altitude of 8000 feet. "gliding" was established here Saturday when Tex Marshall, attaining: an alti tude of 17.000 feet, shut oft the engine of his Thomas Morse machine at the northern end of Cayuga lake ami "glided" 35 miles to this city, renewing Twenty-two miles Is said to be the former record. H The Bank of California n H National Association jj This Bank is now empowered (under authority of the Federal Reserve Act) to perform all kinds of fiduciary service and transact any I rust business authorized by law. Under appointment, or agreement, it will act as: GUARDIAN, EXECUTOR AND TRUSTEE " FISCAL AGENT AND ESCROW AGENT H REGISTRAR OF STOCKS AND BONDS H RECEIVERS OR ASSIGNEE H CUSTODIAN OF SECURITLES AND ESTATES We shall be pleased to interview or correspond with those interested in business of this character, as well as banking in all its phases. x M THE BANK OF CALIFORNIA NATIONAL ASSOCIATION EE Portland Branch Third and Stark Sts. tmiiuiimiinuuiuiainmuniiiiiimiiuiiiiuiiuiiiiiiiiiuiiiiiJiiiuiimmiinninim SCHOOL GIRL TELLS OTHERS How They Can Find Relief From Periodic Sufferings. I .?c-Y Ml 111,- I Nashua. N. H. " I am nineteen years old and every month for two years I 1 would oiten iaint and have to leave school. I had such pain I did not know what to do with my self and tried so many remedies that were of no use. I read about Lydia E. Pinkham's Vege table Compound in the newspapers and decided to try it, nrA flint, in rtnw I found relief from pain and feel so much better than I use to. When I hear of any girl suffering as I did I tell them how Lydia E. Pinkham's Vegetable Compound helped me " Delina Martin, 29 Bowers St.. Nashua, N.H. Lydia E. Pinkham's Vegetable Com pound, made from native roots and herbs, contains no narcotic or harmful drugs, therefore is a perfectly safe rem edy to give your daughter, who suffers from such painful periods as did Miss Martin. . The reason so many girls write Lydia E. Pinkham Medicine Co., Lynn, Mass., for advice, is because from their 40 years experience they have a store of knowledge which is invariably helpful, VTz7 i or n