The Sunday Oregonian. (Portland, Ore.) 1881-current, January 08, 1922, Section One, Image 7

The Sunday Oregonian., January 08, 1922, Section One, Page 7, Image 7

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Newspaper Page Text7 TIIE STTXDAT OREGOXIAX, PORTLAND, JAXTTART 8. 1922 1. TO BE DEDICATED 1000 Elm Trees to Commem orate Soldier Dead. CEREMONY IS SATURDAY rronilnent Wushlngton Officials to I'artlcipato in Exercises on Seattle-Tacoma Road. FUOET SOUND BUREAU, Seattle. "Wash., Jan. 7. (Memorial highway, the highline road between Seattle and Ta coma, will be dedicated with appro priate ceremonies next Saturday to the memory of men who .lost their lives la the world war. The Important feature of the ceremonies will be the planting, on the one day, of 1000 American elm trees along the sides of the highway. Many of the trees will be specifical ly dedicated! on Saturday in the names ot dead service men, and thereafter will stand and grow as monuments to Individuals whose families and friends ftave taken this means of lasting re membranes. It is expected that all of the trees will be so dedicated in the course of a little time, but the Be attle Garden club, which originated the plan and has carried forward! all the arrangements, decided to plant the full 1040 trees at once, and intends to plant not less than 1600 more during the year. Full Length to Be Planted. After the ceremonies selections of trees for Individual dedication-may be made ajt any time. The elms are saplings of 10 to 12 feet, and by planting all of them this year an even and) symmetrical growth will be assured all along the highway. The Seattle Garden club, of which Mr3. Alexander F. JIcEwan is presi . dent, and Miss Ada Han ford secre tary, has underwritten the cost of planting the trees, but of the first 1000 many have been paid for by in dividuals and organizations at the rate of $1.76 a tree, including the cost of planting and futifre care. So much Interest has been shown in the under taking and so many trees reserved for ' special dedication, that the Garden club Is determined to plant the full length of the highway this year. Legion Men to Help. Saturday's planting will be dons nndtr the direction of skilled men, with general supervision by Hugo "VVinkenwerder, dean of forestry at the University of Washington. In the actual work, the pick-and-sbovel part cf it, hundreds of members of the American Legion will bear a hand. Officers of the legion also will par- tlxlnntn I n (hi n-orw.-il These will be held in the Sunnydale echoolhouse, which stands close by the highway at a point about mid way between Seattle and Tacoma. Lieutenant-Governor Coyle, an over seas service man, is expected to act as chairman of the day; Governor Hart has signified his purpose to attend and speak, and the principal address will be delivered by Dr. Henry Suzzallo, president of the state university. GUARD TO GO TO CAMP LEWIS Headquarters Are Not to Be Sent to Olympia as Planned First. FUGET SOUND BUREAU, Seattle. Wash., Jan. 7. Instead of moving headquarters of the state national guard from Seattle to Olympia, as previously announced. Adjutant -General Thompson today said that ar rangements had been perfected for establishing headquarters at Camp Lewis. This will be much more advan tageous to the guard, the opinion of the adjutant-general, as ample of fice space ihas been obtained and the headquarters will bo close to the etate military reservation, the state arsenal and supply depot at Murray, as well as in touch with division headquar ters of the United States army at Camp Lewis. The arrangements were made with the war department and headquarters will be ready for oc cupancy by January 15. DEPUTY COLLECTOR. RESIGNS William T. Becks Notifies Chief That lie Is Leaving at Once. PUGET SOUND BUREAU, Seattle, Wash., Jan. It William T. Beeks, deputy collector of internal revenue, in charge of northwest Washington and Alaska, with headquarters in Seattle, today tendered his resigna tion to Collector Poe. IV' Beeks' resignation was placed In Mr. Poe's hands shortly after the latter was appointed by President Harding to succeed David J. Williams as collector for" this district, but no action had been taken. Today Mr. Beeks noti fied Kir. Poe by telegraph that he was quitting the office tonight. Many applications had already been made for the place, perhaps the most active candidate being Richard M. Buttle of Seattle. For some time it was thought that Mr. Beeks would be retained. Formerly a republican In politics, ho went out of the party with the progressive movement and was a strong supporter of Senator Poindexter, as well as of Colonel Roosevelt whllo that movement was In progress. But he kept on going until rated as a democrat, whereby he gained appointment to the inter nal revenue service. In which he has served for four years. WAR TAX CHART BURNED Ticket Office Workers Celebrate Ending of Troublesome. Tasks. ABERDEEN, Wash., Jan. 7. (Spe cial.) Burning of the war tax chart at the union depot here today was the occasion of much special delight on the part of the ticket office workers, who for the last few years have had to consult the chart for the war tax rate on tickets. The ticket men en joyed the event as much as if the sheet had been a bad mortgage. Since the war tax was removed from passenger tickets January 1 travel has increased very noticeably, ticket agents said. BIDS FOR 16 MILES ASKED 'Prices on Gravel Road Improve ments Wanted at Montcsano. t. MONTESANO, Wash.. Jan. 7. (Spe cial.) The county commissioners in special session yesterday called for bids for about 16 miles of new gravel road and several new bridges. The projects are: Road from Markham to Westport Junc tion, about 2 miles, work consisting ef clearing. grubbing, grading and graveling; bids to be opened February 6. Westport to Ocean Beach, about H mile; plank roadway construction from Westport acroaa the soft sands to hard anda at high tide line. Bids to be opened February 6, Chenoia creek bridge, on the Grass creek-Cbenola creek road; SO-foot Howe trusa bridge with neceasary approaches. Mox-Chehalla bridge at MaJone, 00, feet. Howe truss with approaches. Slsson creek bridge, SO feet, Howe. truss with approaches. Porter creek bridge at Porter, 00 feet, Howe truss and ' approaches. Trestle bridge to gravel bunkers. Wildcat creek bridge on Stilson road, SO feet, Howe truss and approaches. . All bridge bids opened February 6. Wildcat creek bridge on Heise road, SO feet. Howe truss and approaches. Porter-Oakville road. 6V4 miles, clearing, grubbing, grading and graveling. Bids to be opened February 20. WestDOrt-Paciflo road, about 4 miles, clearing, grubbing, grading and graveling. Bids to be opened February 20. Ward & Ward. Tacoma contractors, have notified the commissioners they will forfeit their contract to Balvage and rebuild the South Bay bridge, The contractors have spent already about 12600 in an unsuccessful at tempt to salvage the wrecked span. The Scherzer Bridge company, second lowest bidder, has been notified that its bid is now accepted. This com pany bd on a basis of 120 days to finish the work, while warasn wara were to finish by March 1. IDAHO WILL ISSUE NOTES Sale of Treasury Certificates of $1,250,000 Is Planned Jan. 16. BOISE. Idaho, Jan. 7. (Special.) Idaho will offer for sale on January 16 the third issue of treasury notes authorized by the 1921 legislature, amounting to 11,250,000, to run one year, at an interest rate not to ex ceed 7 per cent. Of this amount $1,- 000.000 is needed as general operation expenses for the state. The balance goes to the state highway fund. The notes will be redeemed as money comes in from the first installment of taxes for 1922. This has been paid intn th county treasuries and they in turn will remit the state's share with in a few months. This tax money will be placed in a special fund from which it will be drawn to reaeem the notes. This will be the third state treasury note issued since the convening of the legislature. It makes a total out standing in such securities of $2, 690,000 for the general fund and $670, 000 for the highway fund, as against $3,000,000 and $890,000 authorized by the legislature. JOINT RATES ANNOUNCED Slllwankce Grants Tariff Benefit to Local Timber Roads. CHEHALIS, Wash., Jan. 7. (Spe cial.) Announcement was made here today by E. A. Lalk. district rreignt and passenger agent of the Chicago, Milwaukee & St. Paul Hallway com pany, with headquarters in Tacoma, that Joint rates have been granted by his company, effective February 14, to the Cowlitz, Chehalis & Cascade Railroad company and the Newaukum Valley Railroad company. The new rate covers all rorest proa ucts and the concession Is of very great importance to the local railroad line, and especially to the city of Chehalis as it means early building of additional sawmills and other manu facturing plants operating along the road, the business of which largely will find its way to this city. G. A. R. Install Officers. a T iron tr IT NT Woch .Tan 7 fKne- cial.) Officers of George Crook post, G. A. H., were msiaiiea last rV. f tTAtAfona hall In thn Red Cross building, as follows; C. P. I Roberts, commander; i. w. .ora, vice- commander; N. A. josiyn, vice-com mander; A. G. llopKins, cnapiain; I. O. Miles, quartermaster; J. M. Birmingham, adjutant; J. M. Bir mingham, officer of the day; Robert Graham, officer of the guard; J. B. Haynes. Surgeon; C. B. Roberts, patriotic Instructor; Joseph Price, sergeant-major; J. B. Haynes, ciuar termaster - sergeant. W. P. Cral gen, commander of the Hoquiam post acted as Installing officer. Follow ing the installation a banquet of 72 covers was served by members of the Women's Relief corps. Washington Bar Names Delegates. OLYMPIA, Wash., Jan. 7. Stephen F. Chadwick and Charles E. Shepard, both of Seattle, and Roy C. Fox of Davenport, Wash., have been appoint ed by Joseph McCarthy, president of the Washington State Bar associa tion, as delegates to the conference on legal education at Washington, D. C, February 23 and 24, according to announcement of William Millard, secretary of the association here to day. Each state organization will send three delegates. The object of the meeting is to fix standards in educating young men and women for the bar. WASHINGTON BANKS II T 1 Undue Conservatism Under State Laws Not Evident. Aberdeen to Beautify Streets. ABERDEEN, Wash., Jan. 7. (Spe cial.) Parking strips on three prin cipal residence streets of the city will be beautified from the expenditure of money which will be turned over to the Civic Improvement club of Aberdeen from receipts of the state manufacturers' exhibit which will be held here for four days starting Jan uary 19. Six of the 60 booths of the exhibit will represent Aberdeen and Montesano industries. GUARANTY FUND DROPPED Mill to Operate Two Shifts. KELSO, Wash., Jan. 7. (Special.) The Ostrander Railway & Timber com pany mill will commence operating two shifts next week, when the camp will also start logging work. About 100 men will be put to work in all, most of whom have worked at the mill and camp before. The mill has been running one shift since the first of this week. Shooting Up Place Charged. ABERDEEN', Wash., Jan. 7. (Spe cial.) Gun and liquor proved a dis astrous combination today for Omni Tounio, who was arrested after he had wrecked his furniture and shot the walls full of bullets in a rage, according to police. Tounio was lodged in the county jail on drunk enness and disorderly charges. PILES Fistula, Fis sure, Itching and all other rectal condi tions except Cancer perma nently cured without a sur gical operation. My method is iSalnless, requires no anesthetic) and is permanent. There Is no confinement in bed. no interference with business or so cial engagements. I eliminate all doubt as to re sults by agreeing to return your fee if I fall to cure your Piles. Call or write for booklet. DR. C. J. DEAN 2d and Morrlsom St... Portland, Or, Mention this paper whan writing. Measure Designed as Safeguard to Depositors Found to Be Dan gerous to Institutions. Article II. PUGET SOUND BUREAU. Seattle. Wash., Jan. 7. There is no crisis among tne banks of Washington op erating under state banking laws. There is no feeling of apprehension on the part of the state bankers: they are giving no evidences of undue conservatism beyond the point con sistent with prudent bank manage ment. Nor are there any indications of mistrust on the part of depositors in the state banks. So much should be clearly understood in carrying for ward the discussion of the banking situation In this state which was be gun in an earlier article. The complete abandonment of the Washington bank depositors guaranty iuna uy an tne banks lormerly asso ciated In the legislative enterprise. Is. in itself a strong indication of the determination of the withdrawing nanxers to conserve the best Interests of their depositors and their banks. The guaranty fund act. InrflffM-entlv. if not speciously, designed for mutual protection In time of stress, had proved to be, in the first serious test, a source of common danger Its abandonment gives final confirmation to the good Judgment of numerous able -men engaged in state banking who opposed enactment of the law and persistently refused to bring their banks within the scope of its operations. Confidence Is Instilled. The guaranty fund scheme, as shrewd bankers and some members of the legislature must have known. could, be effective only In Its adver tising influence; by instilling a high degree of confidence in the public mind as to the security of member banks; by actually creating a general misapprehension, now discoverable dally, In the belief that all the re sources of the state of Washington were pledged for the protection of de posits in member banks. That this was the thought of the promoters of this piece of lawmaking Is scarcely to he doubted. Two state banks had gone to the wall in Seattle during 1916. As always, in the case of bank failure, railroad collision, shipwreck or any other sort of dis aster, the closing of these banks ex cited discussion of means to prevent like occurrences for all time to come. As always, in these later years of remedial legislation, public sentiment was crystallized in the demand that the state "do something." The proposal of a plan to sruarantee the deposits In state banks was cor dially welcomed by most of the news papers and by the people generally. It took a considerable amount of nerve for a banker to appear openly n criticism of or opposition to the suggestion, always at the risk of pro- voKing inquiry as to "what was the matter with his bank?" But there were such bankers in the state, and their banks have all survived the thoughtless innuendo of that time. Compulsory Membership Fought. The first proposal was to make membership under the guaranty fund compulsory upon all state banks. This was fought to a finish among mem bers of the State Bankers' association, resulting in the final compromise of making the guaranty fund member ship optional. What the national bankers of the state thought of the movement was never widely disseminated outside of banking circles. That they were gen erally opposed to the guaranty fund plan was made clearly understood on the inside; but if they carried their opposition to the halls of legislation their work was very quietly done. Also It was done without effect. In the first flush of popular wrath over the failure of the Scandinavian- American bank of Tacoma and the al most directly consequent closing of the bank of the same name in Seattle, followed by discovery of the guar anty fund's pitiful insufficiency. Indignant-gossip traced responsibility for enactment of the guaranty law straight back to men connected with the two wrecked banks. The state ment has often been heard that these men framed the law and put it through the legislature knowing their banks to be insolvent and solely for their own selfish protection. Such suspicions and statements do not quite accord with the facts. In the - first place, the Scandinavian American bank of Tacoma was never admitted to membership under the guaranty fund. In the second place, the controlling officers of the Scandinavian-American baak of Seattle may have thought, at the time the law was passed, that'their bank was as sound as any. Its deposits, which at one time had touched the high point of $19,000,000, had shrunk some what, but still held to a level indicat ing some degree of prosperity. There Is no apparent reason to suppose that these men, in urging the guaranty fund law, were deliberately getting ready for failure and planning to In volve all the banks of the state in their collapse. The somewhat extravagant state ments of these days are based on the fact.tht J. E. Chilberg, then presi dent of the Scandinavian-American bank of Seattle and director In the bank of the same name in Tacoma, was foremost In promoting the guar anty fund legislation. The plan was favored by Ernest Lister, then gov ernor, who had been a director of the Tacoma Institution. But It was also supported by R. L. Rutter, presi dent of the Spokane & Eastern Trust company, and by many other state bankers of the smaller cities. With membership made optional, instead of compulsory, as originally proposed, there was no effective opposition from the etate banks. The responsi bility can scarcely be centered on any one, two or half-dozen men. It was fairly well diffused. Law Enacted In 1017. The law was enacted in the legis lative session of 1917. Chilberg and Rutter were appointed by Governor Lister to the membership of the first administrative board. The guaranty fund was organized June 29, 1917, in Olympia. The membership started growing and continued to grow until it reached the high point In February, 1921. when It numbered 119 state banks and four branches. This mem bership held until June of last year, when the failure of the Scandinavian American bank of Seattle' started the outbound movement, terminating on the closing day of the year in the withdrawal of the last member bank. In working up the sentiment for and procuring passage of the guar anty fund law the stock argument was extensively used that similar laws were In successful operation in other states. There are somewhat similar laws in Oklahoma, Nebraska, North Dakota, South Dakota, Kansas, Arkansas, Texas and Mississippi. The bill, as introduced In the Washington legislature, was said to combine the best features of the laws in these various state. Most Members Small. The point that probably was not explained to the legislators and may not have occurred to the minds even of the promoters of the bill was that state bank deposits are probably more evenly distributed over those strictly agricultural states than they were or are In the state of Wash ington. It needs only a glance at the roster of the etate banks at the time of largest membership in the Wash ington guaranty fund to sharpen this point. One big bank, in Seattle, one big bank in Spokane and 117 very much smaller banks strung in be tween all over the etate. A tilt at either end was all that was needed. Possibly with prescience of pending trouble at the Seattle end, the Spo kane bank quit its membership last March. The criticism nowadays so much directed at the promoters of the 1917 law might find some outlet, with bet ter justice, In the direction of those responsible for changes effected in the law at the 1921 legislative ses sion. The law originally required all member banks to deposit with the state banking department negotiable securities to the extent of the 1 per cent on their average annual guaran teed deposits, in case of their failure to pay cash to this amount, fixed by the law, as their annual assessment for the support of the fund. Law Amended In 1921. In the 1921 session the law was amended so as to permit the banks to withdraw the negotiable securities then on deposit and thereafter merely to give the guaranty fund credit on their own books for the amounts due. By this amendment, in case of failure of a member bank, the guaranty fund would be utterly without security for whatever that bank might owe it up to .the time of closing. Instead of being In so much better a position to protect and help, the guaranty fund Itself would turn up as one of the bank's unfortunate creditors. If the guaranty fund act, either at the time of Its original proposal or at any subsequent time of amend ment, had been flooded with all the hindsight scrutiny that it is getting in these days, maybe it might have been made into a better law. At any rate it would have been a better un derstood law, and the mental havoc of disillusionment might have been les sened. But never could It have with stood the strain that one big bank failure would put upon it. In the article in The Oregonian yes terday on the Washington state guar anty fund the amount in the fund at the time of the Scandinavian-American bank failure was $400,000, and not $400,000,000, as stated. Every large city has one newspaper which, by universal consent, is the Want-Ad medium of the community. In Portland it's The Oregonian. FRUIT TRUSTEES TO MEET GROWERS TO GATHER IS SEAT TLE MOXDAT. 'Best Coal Beat Price SEN'S." Adv. -EDLEF- Plans for Paclflo Northwest Expo sition Next Fall 'Will Be Dls enssed and Officers Elected. PUGET SOUND BUREAU. Seattle, Wash., Jan. 7. Prominent fruit grow ers and men Identified with the in dustry are expected In Seattle Monday for the first regular annual meeting of the trustees of the 'Pacific North west Fruit exposition. The trustees chosen last August for the purpose of holding te first exposition and plan ning for permanent organization were superseded at the election held here November 26, when 35 members of the new board were named. At the Monday meeting the trustees will elect officers to serve for the ensuing year, discuss and possibly decide upon plans for the exposition next fall and devise means for taking care of the outstanding obligations left from the first exposition, which was considered successful in every respect save as to revenue. The new board of trustees cons'sts of the following: Oregon C. I. Lewis. Salem; Mrs. Winnie Braden, Portland; William Miller, La Grande; B. W. Johnson, Dallas; H. R. Childs. Hood River; G. H. Westerlund, Msdford. Eastern Washington H. M. Gilbert, Yakima; R. O. Kylcn, Zillah; S. J, Harrison, Benton City; W. D. Mackey, White Bluffs; Asahel Curtis, Grand- v'ew; H. C. Schumacher, Selah; Jack Vickers, Kennewick; B. F. Cooney Goldendale; John A. Geliatly, Wenat- chee; J. R. Everett, Okanogan; Will lam Grieg. Cashmere; J. S. Banks, Chelan; E. Ginsinger. Watervllle; John Peterson, Omak; W. B. Tookey, Pateros; W. F. Ramsey, Oroville; J. & Spence, Bridgeport; C. E. Lockwood, Opportunity; 1. B. Felts, Spokane; Paul H, Weyrauch, Walla Walla; W. S. Shearer. Asotin; E. S. Ryerson, Day. ton. Western Washington R. T. Re id, Bellevue; Charles W. Orten, Sumner; A. L. Marshall. Port Orchard; Charles Callahan, Burlington; M. J. Kewhouse, Vancouver; W. C. Mumaw. Aberdeen; George W. DUling, Seattle. John A. Geliatly of Wenatchee is president and Manly B. Haynes of Hanford is secretary of the organiza tion. At the time of the election of trustees five places on the board were reserved for Idaho fruit growers and the selection left to them. It is expected that the names of the Idaho trustees will be reported Monday. ROAD DAMAGE IS SMALL Washington Officials Inspect High ways After Floods. BELiilNGHAM, Wash., Jan. 7. Governor Hart, accompanied by Clif ford Babcock, state treasurer; James Allen, state highway engineer, and Senator Carlyon of Olympia, who ar rived here last night after inspecting the Pacific highway between Seattle and Belllngham, left this morning for Olympia. Governor, Hart said the damage to the highway from the re cent floods in Skagit and Snohomish counties was small. Yesterday afternoon the officials attended a meeting at Anacortes at which a plan for paving the Skagit highway to Deception pass to con nect with .Whidby island was dis cussed. Governor Hart said today that no state funds for the improve ment are available. LAND REQUESTS WANTED General Public to Get Chance at White Blaffs-IIanford Project. OLYMPIA, Wash., Jan. 7. All per sons who desire to make application for farm units in the White Bluffs Hanford land settlement are asked to make .them now regardless of whether they are ex-service men or not, Carl L. Snuff, supervisor of reclamation, said here today. Applications of ex-service men will not be given first consideration to the exclusion of the general public, Mr. Snuff said, but they will be given the preference in determining of qualifications of the prospective settlers. Toledo Man Purchases Farm. CHEHALIS, WasU., Jan. 7. (Spe cial.) Sale of the C. C. Harper faxm of 74 acres, near Alpha, is announced, the purchaser being William Jolly of Toledo. The price paid was $6600. H. O. Warp, who recently bought 4S acres near Napavlne, has begun im provement of his property. Erection of a dwelling and land clearing will be done in order named. A. L. Beateres, in the eame neighborhood, who recently bought a tract for a home, has purchased another ten acres to add to his home property. Cowlitz Chickens Win Place. KELSO, Wash., Jan. 7. (Special.) H. M. Leathers of Woodland took ninth place In the second western FREE! FREE! FREE! UIIIHSlM1.pl Sandy Opens a New Store AVith the Same Service and the Same Old Smile at 152 Fourth Street, Near Morrison For opening day, Monday, January 9, Sandy will give one Serving Tray, value $3.50, Free with any purchase of $2.50 or over; with every $1.00 purchase or over, one 55c Enlargement Free from your favorite negative Only one to a customer and good only opening day. - . For Kodaks, Pens, Pencils, Developing and Printing New Store "152 Fourth Broadway Store 124 Broadway "In at 1, at 6 They're Done" A Copyright Hart Schaffner & Marx Hart Schaffner & Marx Suits and Overcoats Va Less $39.00 Suits and Overcoats $29.25 $42.50 Suits and Overcoats $31.90 $45.00 Suits and Overcoats $33.75 $49.00 Suits and Overcoats $36.75 $55.00 Suits and Overcoats $41.25 $60.00 Suits and Overcoats $45.00 $67.50 Suits and Overcoats $50.65 Sam'l Rosenblatt & Co. Fifth and Alder Gasco Building Washington egg-laying contest, which has Jupst ended. His hens laid 1291 eggs In the year, avering 258.2 eggs. The previous American record was 1319 eggs, but the winners in this event, a pen owned by D. Tancred of Kent; set a new record of 1384 eerga For value Mr. Leathers' pen ranked third, with the Tancred pen ranking first In that respect also. Mr. Leath ers' hens laid 1177 eggs that were prrnded ptanda.rrts. the lnriresf num ber of standards laid by any hen, and they laid heavily In October and No vember, when the price of eggs was high, bringing the total value of their eggs higher than that of many pens which laid more eggs. Xapavine Legion Post Named. CHEHALIS. Wash.. Jan. 7. (Spe cial.) The newly organized post of been named Edward McDonough post. The young mam In whoso honor the prwt was named was a resident of Napovlne and Ut his life In the serv ice during the world war. He was a son of P. McDonough. The post starts out under auspicious circum stances, having a substantial sum of money In Its treasury. Application for a charter will be made at once. The port plans to become active hi a htxM1 wjiv during the onmlne months. Us e Yotsr New Directory The new telephone directory, effective January 8, has been distributed to all our subscribers in Portland. As it was effective at midnight, January 7, and the distribution of the new directory required several days' time, it was not possible to gather up the old books at the time the new ones were delivered. It is important that the old directory be discarded on the morning of January 8 and only the new book used thereafter. There are several thousand number changes in the new book, and failure to use it when placing calls will slow up your own telephone service as well as place an additional burden upon the operators. THE PACIFIC TELEPHONE AND TELEGRAPH CO.