Morning Oregonian. (Portland, Or.) 1861-1937, July 06, 1920, Image 21

Historic Oregon Newspapers

Morning Oregonian., July 06, 1920, Page 21, Image 21

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Newspaper Page TextTHE MORNING OREGOXIAX, TUESDAT, JULT G, 1920 21" INDUSTRY PLEASED BY BOTH PLATFORMS Spokesman Says Both Par ties Grant Demands. . BUSINESS MEN ELATED ers' association, acted as spokesman for the national association. The charm of the Columbia river highway was shown to Mr. Edwards yesterday afternoon, when he was the guest of Thomas McCusker, secretary and manager of the Industrial asso ciation of Oregon. Mr. Edwards left last night for Seattle and will start tomorrow for New York city. GRINNELL NEW GRADER IS INVENTED Hood River Orchardist Makes Ma chine That Appears Effective. HOOD RIVER, Or., July 5. (Spe cial.) Timothy Newell, upper valley J. M. lOdwards, of National Asso ciation of Manufacturers, Visits in Portland. Recognition of fundamental con tentions urged by representatives of American industries has been gained in both the republican and demo cratic platforms, according to D. M. 'Kd wards, representative of the Na tional Association of Manufacturers. The plank adopted in the platforms of both national parties, while not all that was sought, conforms substan tially to the demands presented through the National Association of Manufacturers, said Mr. Edwards. Mr. Edwards spent yesterday In Portland, coming here from San Fran cisco, where he, -with other repre sentatives of the association, appeared before the democratic platform com mittee and presented their views. "The democratic platform, while rerhaps not as far-reaching as the platform adopted -in Chicago by the republican party, recognizes indus try's decires in its most important rhase, namely, that public interest must be held paramount," said Mr. Edwards, "and ihat the right to strike or lockout must be defined and lim ited wherever it conflicts with the community's right of self-preservation. In the platform it is rightly contended that neither employer nor employe should take action jeopard izing public welfare. Forty Pledged to Mediation. "In the case of government service, the platform recognizes the right of the people as paramount to the right to strike. Pledge is made that an effort will be made to settle all in dustrial differences through media tion. "The democratic party pledges itself to contrive, if possible, and put into effective operation a fair and com prehensive method of composing dif ferences that endanger the health and lives of the people. It also holds with Industry that foreign trade should be greatly encouraged instead of dis couraged. It harmonizes with indus try's desires regarding taxation, de claring that the present system, devised under imperative emergency, should be revised. "It likewise recognizes industry's ambition that this country shall have a real merchant marine which will be a credit to the country, one built in American yards by American workers. flying the American flag and operat ing under proper laws. Manufacturers and business men representing 600 firms and 6,000.000 employes, affiliated with the National Association ot Manufacturers, are elated over the success attained in its entry into national politics, said Mr. Edwards. At Chicago, tho framers of the republican platform adopted many suggestions offered by Amer ican industry, recognizing that pro tection and encouragement is due to American industry and business. Industry la Political Factor. The entry of organized industry Into the political arena on a strictly non-partisan basis was started by Charles W. Crane of New York city, a member of the National Association of Manufacturers. He wrote to the association asking the general ques tion: "What do you think of the submission to the two dominant po lltlcal parties of a platform for Amer lean industries?" Although the suggestion was not a new one, it was believed by directors of the association that the time to obtain an answer was as hand. After writing and securing answers from the editors of several hundred news papers, including republican, demo cratic and Independent journals, an swors which indorsed the plan of placing industry's needs in the plat forms of the political parties, th manufacturing association in each state was requested to appoint a com mittee of three, irrespective of asso ciation affiliation, to meet in New York city to draft the industrial planks. Kitty-eight men gathered in New York, representing 26 states, in per son. Other states, unable to sen delegations, appointed committees t sit in their respective localities an act on the platform after it was adopted. . In Portland. Bert C. Ball, president of the Willamette Iron & Steel company; B. T. McBaln, assist ant manager of the Crown-Willamette Paper company, and A. C. Dixon of the Booth-Kelly Lumber company were appointed. Itotn Parties Represented. According to Mr. Edwards, there were present at the platform meeting manufacturers in all lines, lawyers, army officers, engineers, members of the republican party and members of the democratic party. The session was open to the public. At the conclusion of the conference, the general committee appointed a committee on final draft, of which A. L. Humphrey of the Westinghouse Air Brake company was chairman, to draft the preamble and nine planks on government and industry, regulation of combinations, private employment relations, taxation and finance, trans portation, immigration, merchant ma rine, foreign trade and war bonus. At both conventions John M. Glenn, secretary of the Illinois Manufactur- 4. $ - Vr- 1 V if V r A A "v ' Vl- 4 V 1 ?- 1 1 1 I i ' i D. M. Kd wards of lew York. City, who conferred with Ore - j?on manufacturers yesterday, orchardist. for the past several days nas created interest among orchard ists with a new fruit-grading ma chine; on which he has worked dur- ng spare time the past winter. The new grader has an automatic feeding device. The apples are car ried to aluminum scoops, at the end of which lead weights are attached. by rollers operating under a netting. i ne action of the rollers turns each apple over several times tinder the eye of the grader, who is thus able to detect any blemish. Extra fancy apples are never touched by the hand of graders. The fancy fruit is placed on an endless belt and carried to the opposite end of the machine from the feed hopper, where it is fed on the aluminum scoops on the return trip. The machine of ordinary size is not made for sizing C-grade product, but section can be attached for this grade. Mr. Newell has also perfected wiping machine, which may tached to the grader. be at COLLEGE WILL EXPAND Waldo and Cauthorn Halls Are to Bo Improved. OREGON AGRICULTURAL COL LEGE, Corvallis, July 5. (Special.) Extensive plans for improvement of Waldo and Cauthorn halls of resi dence for young women in the college nave oeen approved. New equipment will be installed in the kitchen at Waldo hall and second dining room will be provided in tne nortnwest corner "br the base ment, or iirst rioor, witn accommo dations for 100 students. It will do away with the crowded conditions which prevailed last year and will make the cafeteria system unneces sary. Additional bathing facilities will be provided in both Waldo and Cauthorn halls. Various other improvements will be made in Cauthorn hall, includ ing an extension of the laundry equip ment. i . . I When the Fire Sttrtt the Water Sum When the Fire Starts That's the time to pat it oat. If your business place is pro tected with GrirmeU Automatic Sprinklers your fire wutiy is over when the fire starts, the water starts. . In over 20,000 fires reported, the average loss under GrinnelTs has been only $370. a reduction of 961 from the lowest business losses prior to their invention! Fire proof your business with GrinnelTs. GRINNELL COMPANY or The Pacifto T517 L. C. Smith Bo&fing Scarrle, Waalnugtao FACTS NO. 537 AN ESSENTIAL INDUSTRY pOAD work is an essen tial industry an im portant business. It is not enough that the farmer raises a bumper crop. That is only part of the work. Distribution enters largely into the proposition, and this entails roads and high ways paved with WARRENITE BITULITHIC WARREN BROTHERS COMPANY far this season, the superintendent of the plant announced this morning. Of the total number caught, 27 have been brought in by the Moran, 26 by the Westport and 24 by the Aberdeen Two of the catch were sulphur-bot tom whales, the largest variety known. Despite the absence of the whaler Patterson, sent last year to Alaskan waters, leaving only three vessels operating from the Bay City station, this season's catch is greater than that of the corresponding period last year. The season will close about mid-October. WIRES CAUSE TROUBLE Ordinance Would Require Raising of Iines Several Feet. KLAMATH FALLS, Or., July 5. tspeclal.) Telephone, telegraph and power companies will be forced to spend thousands of dollars in chang ing their systems if the proposed city ordinance requiring all wires to be placed at a height of 22 feet above the ground is passed, says E. T. Lud den, local manager of the Pacific Telephone & Telegraph company. Controversy started when the com panies secured passage of an ordi nance placing the coct of cutting or raising wires to permit moving of buildings upon the house mover. The ordinance was vetoed by Mayor Stru ble on the ground that a majority of wires were not at the height re quired by -statute. Then the house movers scored a victory in the intro duction of the pending ordinance with the 22-foot requirement. MAKE TALKING MACHINES Phonographs Turned Out by Agri cultural College Students. OREGON AGRICULTURAL COL LEGE, Corvallis, July 6. (Special.) Six students in mill work at the col lege will each have a talking machine to show for their efforts at the close of the summer session. Talking machines of a type which ordinarily retail at S125 are being produced for S45 by the students, Honduras mahogany wood is being used for the cabinet, while the motors are being purchased from a phono graph manufacturing firm. The ma chines are expected to be fully a attractive as designs seen in music stores. Portland Clerk Is Hurt. ASTORIA. Or., July 5. (Special.) Thomas A. K. Ryan, a clerk in th Wright Shoe store at Portland, suf fered a compound fracture of his left leg below the knee last evening, when 77 WHALES SEASON CATCH Three Vessels Operating From Bay City Pass Last Year's Record. ABERDEEN, Wash., July 5. (Spe cial.) The catch of the whalers Aberdeen, Westport and Moran, op erating from the Bay City station on Grays Harbor, has been 77 whales o HALL & COMPANY BUT AND BELL Railroad Public Utility Industrial Municipal BONDS 1 YIELDING 5 to 7 Foreign Government Loans Local Securities Preferred Stocks Lewis Bldg., Portland, Or. Americans Traveling To Europe: This Is Important To You A special European service has been inaugurated by the Bankers Trust Company to accommodate travelers carrying "the best funds for travelers": 'ABA' American Bankers Association Cheques By this service it is possible on arrival in Europe to Exchange "A. B. A." Cheques purchased in America for other "A. B. A." Cheques stamped with the equivalent in sterling, francs or lire, based upon the exchange rate of the day the Cheques are ex changed, thus giving the traveler the advantage of the best rates the market allows. "A. B. A." Cheques are safe because, if not countersigned by the rightful owner, they cannot be used by anyone else in case of loss or theft. They are accepted readily in payment of bills at hotels and shops and in purchase of transportation tickets in any civilized land. "A. B. A." Cheques may be obtained at nearly any prominent American of Canadian bank, BANKERS TRUST COMPANY New York City Paris, France 3 and 5 Place Vendome 16 Wall Street 5th Ave. at 42nd Street he was struck by an automobile driven by Ivan Samuelson, of this city. The accident occurred on the Columbia highway near Svensen. Ryan, who was motoring to Seaside, was returning to his car from a road side store when struck. FOSSIL CHAUTAUQUA OPEN Six-Say Meeting Begins With Rec ord Attendance. FOSSIL. Or.. July 5. (Special.) The 'six day Chautauqua opened Sa turday morning with a record attend ance. One feature that helped increase the attendance is the Interest the Woman's Welfare Club has taken in providing camping grounds with all facilities. They have also canvassed the town for rooms in private fam ilies for those desiring euch. The greatest attendance was today when the American Legion, assisted by the Auxiliary, served free dinner at a beef barbecue to 500 people. Another event, greater in Import ance to many, will be July 7, when W illifltn .T Rrvnn lt Rchediilad to I speak. The business men are mak- ing arrangements to entertain the distinguished guest at a banquet after the evening's program. HOQUIAM. Wash., July 5. (Spe cial.) The Chautauqua held in Mon teaano the past week was a success financially. The committee paid $1200 for the entertainment and has $200 left to apply on next year's chau tauqua. Tests made in England of radium as an aid to plant growth have shown that it ia most effective when used in the proportion of one-seven-hun- dredths of a gram to a ton of soil. EARNINGS AND DIVIDEND RECORD GOODYEAR TIRE & RUBBER COMPANY AKRON, OHIO FOR THE PAST TWELVE YEARS I Cash Dividends Stock Dividends 1 Preferred Rate Common Rata 1907-08 $ 120,925.26 $ 10,308.00 1 1908- 09 651,687.49 17,619.92 6 $ 49,200 .00 -lOO $ 400,000.00 1909- 10 1,406,104.69 43,033.84 12 120,000.00 100 1,000,000.00 1910- 11 1,291,624.66 70,000.00 12 274,092.00 1911- 12 8,001,294.71 139,604.65 12 603,192.00 IPO 2,329,100.00 1912- 13 2,041,368.08 350,000.00 12 604,056.00 1913- 14 3,391,165.16 431,666 67 12 958,933.20 20 1,006,620.00 1914- 15 6,137,082.69 469,583.33 12 727,248.00 1915- 16 7,003,330.09 764,239.28 12 1,261,332.00 100 8,427,000.00 1916- 17 14,044,206.10 1,499,039.67 12 2,228,342.40 1917- 18 15,388,190.74 1,693,328.01 12 2,451,816.00 1918- 19 23,277,245.29 2,778,530.74 12 2,488,605.00 tl919-20 11,187,705.23 1,625,526.48 12 1,245,840.00 150 31.131,600 .00 Will v Finance Corporations Corporations requiring from 100,000.00 to $1,000,000.00 can secure additional working capi tal through the sale of its treas ury stock. We operate on com mission basis only. . Corpora tions having 200 or more stock holders considered. No attention will be given unless the approx imate number of stockholders is stated in reply. No promo tions. E. M. Cassel c Co. SOA Wllfi Tlnlldlne, I.OS AMUEtES CA Li. The rapid growth of the company's prosperous business made necessary the improvements paid for by its - 3 Year 7 Gold Notes Share in the. profits of the Portland Union Stockyards Co. by- investing in these notes at 100 to yield OnlySSO.OOO of the original issue of $175,000 remains. Ho Bonds in 'denominations of $100, $500, $1000 Int. semi-annually. Maturity July 1, 1923. ' iMoeniijeisnM Undor- Supervision Orogcm slain naalirng DepartauotL. BONDS TRUSTS ACCEPTANCES Lumbermens Bids DcIarad payable) July 1. 1920. fSix months. Earnings for past twelve years applicable to cenraom stock after payment of pre ferred dividends have exceeded an average of 54 pr annum on commoa stock out standing. THE combination of investment security and highly profitable return to stockholders of the vGoodyear Tire & Rubber Company during the last twelve years is convincingly shown on the zoregoing chart of earnings and dividends for the 1907-08 to 1919-20 period. The com-' panjr's present prosperous condition and steady and substantial growth have been due to a combination of sound business policies and produc tion quality, not to. merger or consolidation. For the first time common stock of the Goodyear Tire & Rubber Com pany is being offered to the public We invite subscriptions for the unsold portion of this stock. In Blocks of Tvro Shares 7 Cumulative Preferred ) For (J0 AA Three Shares One Share Common VUU Send Us Your Name and Address in Space Below and We Will Mail You Complete Information Cyrus? Peirce Company INVESTMENT SECURITIES 905 Hoge Building San Francisco SEATTLE Los Angeles JULY INVESTMENT OPPORTUNITIES "OUT those funds to work for you without delay. Rightly invested, they will net you handsome returns. Our lists of choice Northwest municipal bonds point the way to the most satisfactory of investments just the thing to take care of the funds which might lie idle indefinitely and thus lose wnat you other wise would gain. Use our service system to the limit in selecting investments here. We call attention to a fine issue Prineville, Oregon $35,000 (Funding) Yielding 6 . Tinted April 1, 1!20. FX. mMnrltlrs 1033-39. DtaomlnalioB, Sl.OOO. Price, lOO, to yield 6. Principal and Semi-Annual Interest payable in New York at Morris Brothers, Inc. Prffieville In the county seat of Crook county, la an Irrigation center and modern municipality. Telephone or Telegraph Orders at Oar Expense. 1 OMfMlUlCf Morris Brothers j Vf fPremiercMimjctpafBondrHoiis9 onTwla J Seattle MOItKIS lil-IXi., San Francisco LlKTurr, Central Bide. roEILAM), OR. Mer.Nat.Blda-. Saves $11,837.50 on 10th Day of Policy Such is the experience of the Harry C. Michaels Co., New York City. They write: "We wish to acknowledge receipt of your Adjuster's Draft for $11,837.50, in settle ment of our excess loss on a claim rated B plus 1 which became insolvent by reason of a Petition in Bankruptcy, which was filed most unexpectedly by Creditors seven days after our last charge to them. "This account failed ten days after we had taken out our Bond of Indemnity with you, and your Adjuster put in an appearance for settlement seven days after we had received your letter acknowledging our Proof of Claim." The Special "Interim Payment" provision permits the Policyholder to receive payments from the American, Company as many times during the Policy period as covered Exces sive Losses occur. Free: To manufacturers, jobbers and bankers only, a report containing the counsel of over 200 business leaders, on vital problems of the day. No obligation, of course. Write or phone today. AMERICAN CREDIT INDEMNITY. CO. of NEW YORK E.M. TREAT, piesioent, KfUIS ST AMD AMD UNUMCTED POLICIES H. T. MacRill, General Agent Board of Trade BIdg. Portland, Oregon Phone Main 1179 High Yield That is the condition as demonstrated by the list we have prepared for July investment. The July Purchase Sheet shows rates of return which tend to offset the present high cost of living. This circular should be of value to in vestors; it will be sent upon request for OR-316. The National City Company Correspondent offices in more than 50 cities PORTLAND YEON BUILDING Telephone Main 6072 Bonds Acceptances Preferred Stocks George H.Burr & Co. announce that they have admitted to membership in their firm Mr. H. Courtney Burr Mr. Laurence A. Davis Mr. Arthur S. Kleeman 14ana(r Invaatmast Dspartmrat JULY X, 1920