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About The Oregon statesman. (Salem, Or.) 1916-1980 | View Entire Issue (July 13, 1919)
LOVETT NOT IN FAVOR OF i PROPOSED MERGER (Continued from page 1) was characterised by Judge Lovett as impracticable because be did not believe the government would take all the risk and none of the profits. If a small return of two, three or four pe cent were guaranteed, he said, thla would not be sufficient to pay the! interest on bonds already outstanding. "It would, make doub Ip secure what Is already secured." he continued, "but It would afford no collateral for new Issues nor se cure new loans." . , Credit Necessary "The importance of restablishlnp railroad credit cannot be over esti mated,' said Judge Lovett, "but nev ertheless, I am persuaded that no guaranty short of a return upon the full value of railroad property will be helpful to that end, and that 8 guaranty of full value is not practi cable without government operation' which I regard as beyond discus- BOin." -t.r'-r.f .r'-. r Read the Classified Ads. EI GYGLES BICYCLE SUPPLIES You will find the wheel yon want at ; "The Home of the Mian" T uh5AHD ammunition 126 South Commercial St create a consumer's demand. lie il lustrated what advertising .could do by showing what the California- growers were doing in advertising the finest pears and cherries as Cal ifornia products, which were really grown in the vicinity of Salem. He satd 100,000,0000 people living east of!. the Rocky mountains knew but little of Oregon's products, because the California packers advertised Oregon's . best nder California la bels.': ' j : Oalifomlana Denounced Aaron Sapiro talked about the Cal ifornia packing trust and its mis leading, advertisements. To illus trate his points he htfd an abundant supply of . colored advertising pages wherein the California packers la beled the Willamette valley Bartlett pears as the famous as tbt famous California Del Monte brand. He ex plained in detail the plan of the new organization In its campaign to make Oregon's products known un der Oregon labels. ( y W. T. RIGDON CO., J V. i Funeral Directors and Embalmers Calls answered at all hours, day or night 252 N. ITigh St. . Salem, Ore. 2000 ACRES SIGNED FOR BY ASSOCIATION (Continued from page 1) SALEM MAYOR REFUSES HELP TO STRIKERS (Continued from page 1) ice cream booth will be installed by the girls at Willson park Tuesday night for the band concert, as a further means of raising money. ' "Wf girls who are now on strike were, 100 per cent for liberty bonds during the loan drives," said one of the girls yesterday; "We bought more bonds than any -other women's organization in Salem, and I think the" public should be willing to help us now." Because of some further misunder standing as to the demands of the strikers the following statement was authorized by strike headquarters last night: "It has been brought to the atten tfcm of the joint strike committee of electrical workers and" telephone op erators that the public is under the impression that the strike is being continue1 merely to secure retroac tive pay. "In order to clarify the situation the committee hereby authorizes the following , statement: "The original demands of the strikers were that the men should be paid $6.40 a day, and other minor working conditions should be grant ed; that the minimum pay of the op erators when starting work for the telephone company should be, $2 a day (which is barely enough for a girl to live oj) and that they should receive at the end of two years' ser vice a wage of $4 a day, these rates of pay to De made retroactive to the first of January. 1919, at which time the previous agreement with the tel ephone company had expired. "The telephone company then made the following counter proposi tion: "That the men should receive $6 i day, to and including December 31, 1920. with no concessions as to oth er conditions, and that the operators should receive a maximum salary of $19 a week after a period of seven years' service, their 'agreement . to terminate on June 15, 120. ''This counter proposition was not in any way satisfactory to the strik ers. Therefore, on Saturday, June 28. ao ultimatum was delivered to D. P. Fullerton ceneval superintend ent, and the telephone company stat ing that the following points would have to be met before the counter .. , tjt proposition coma receive any consiu eration at our hands. "First: Back pay from January 1. 1919; January 1, because at that time Our agreement expired and all they have done since then has been to make promises. Therefore .the agreement that we are working for now should become effective Janu ary 1. 1919.. "Second, termination of the men's and the grlls agreement at oae and the same time. The company wants the ooera tors' agreement to termi nate on June 15, 1920, and the men's to terminate an January 1. 1920: object, so that both agreements will not terminate at once,- therefore. $415,302.42 1,426.33 H. F. BONESTEELE lyJ J "? Dealer In 1 BE MOTHERS ROADSTER The gasoline consumption is unusually low. The tire mileage '. v . is unusually high. . Paige Cars ilT J Tho most beautiful C&r'in America. ; r J.T EI0UNE UNIVERSAL TRACTORS 2 7. A proven success, built and backed by the Moline Plow - v.- Company, a ?19,000,000 Concern. y cs buy a Thrift stamp t ; 208.S00.00 1.000.00 107,(00.00 14,300.00 1,000.00 15,009.00 31,000.00 61.300.00 i Charter No. 3 4 OS Reserve District No. 12 REPORT OP CONDITION . OF THK CAPITAL NATIONAL. BANK At Salem, in the State of Oregon, at the Close of Business on June 30. 1919. RESOURCES 1; a Loans and' discounts. Including rediscounts 2. Overdrafts, unsecured . 5. U. 8. Bonds (other than Liberty Bonds, but in cluding U. S. certificates of indebtedness): a U. S. Bonds deposited to secure circulation (par value)......... .$100,009.00 f d U. S. Bonds and certificates of indebtedness r pledged as collateral for State or other de ll posits or bills payable '. f U. S. bonds and certificates of indebtedness t V owned and unpledged. I. Liberty Loan Bonds: j , a Liberty Loan Bonds, 3, 4 and 4 percent, unpledged : b Liberty Loan Bonds. 3 , 4 and 4 per cent, V pledged to secure U. S. deposits . . ; e Liberty Loan Bands, 3, 4 and 4 percent. pledged to secure postal savings deposits . . . , I d Liberty Loan Bonds, 3 , 4 and 4 per cent. pledged to secure State or other deposits - or bills payable. 7. Bonds, Securities, (other than U., 8.) : ; e Bonds and securities pledged as collateral for State, or other deposits (postal excluded) or bills payable : e securities otner than u. 8. bonds (not in- ' eluding stocks) owned 'unpledged ........ 33.896.SS 9. Stock of Federal Reserve Bank (50 per cent oC. subscription 10. a Value of banking house, owned and unin cumbered .' 11. Furniture and fixtures... - 12. Real estate owned other than banking house 13. Lawful reserve with Federal Reserve Bank 15. Cash in vault and net amounts due from na tional banks , 16. Net amounts due from banks, bankers, and trust companies other than Included In Items 13, 14, or 15 , 18. Checks on other banks In the sVrne .city or - . town as reporting bank (other than Item 17) Total of Items 14, 15, IS, 17, and 18...... $90,591.19 19. Checks on banks located outside of. city or J town of reporting bank and other cash items 20. Redemption fund with U. S. Treasurer and due - , r from U. S. Treasurer..... . ( 21. Interest earned but not collected approxi mate on Notes and Bills Receivable not past due , 22. War Savings Certificates and Thrift Stamps , actually owned 23. Other assets, if any 202,339.77 28,279.47 I 236.226.3S 4.600.00 .28.279.47 4,374.22 3.219.28 61,280.83 83,340.50 170.25 7.080.44 i 3.051.28 6.000.00 4.717.64 82.40 9.190.00 mm." mm UNITED STATES RAILROAD ADMINISTRATION ' -r- DIRECTOR GENERAL OF RAILROADS t SOUTHERN PACIFIC RAILROAD LINES NORTH OF ASHLAND icalion lie sorts . ' A yacatkm Is a good Investment. - Rest and change are very . beneficial to bodily health and mental vigor -July and August are the Ideal vacation months. Attractive summer resorts are within "easy reach. Kxcursioq tickets are on sale. .x Newport j , . - "v- . " m Season Tickets Trom Salem. ............ .$5.85 -Week-end Tickets from Salem.... .......34-95 , ;.V . Corresp'onding fares front other points Tillamook County Beaches : ; Seasdn Tickets from Salem ........... v; -. 1 7.7 0 . - ' Fares to4eah-Kah-Nie, Mansanita and Bay- ocean slightly higher corresponding fares X from other points. X Detroit QdrttMAM Ttk1rAt. Imtvym O n 1 nn. J Aft ; Corresponding fares from other points. IlcCredie Hot Springs - vs season Tickets irom Salem. $8.65 Crater Lake. , . Season Tickets, from Salem $ 2 8.3 0 15-day Ticket fromsalem. . ........ $26.10 , Corresponding fares from. other points. , , , ,. f ara win open aDout July 1st. " " . Ilarble Halls of Oregon V Season TickeU from Salem...... $14.95 16-day TickeU from Salem . $ 1 3-.3 0 l Corresponding fares from other points. ' Various -. V oj7viijr ares ia enecc to uoiumoia River Beach ' ,Mt R,Blr National Park, Shasta Resorts, Yellowstone National Park and Glacier National rara.- inquire 01 Ticket Agent. , JOHN M. SCOTT, General Passenger Agent. w. 30. 32. 33. 34. 35. Total.. LIABILITIES 24. Capital stock paid in 25. ' Surplus fund '. 26. a Undivided profits ..1 31.737.76 b Less current expenses, interest, and taxes paid 16,440.72 , Circulating notes outstanding. Net amounts due to National banks Net amounts due to banks, bankers, and trust companies (other than included in Items 31 or 32) . Certified checks outstanding ; Cashier's checks on own bank outstanding V; Total of Items 32, 33, 34 and 35 . . . ., $ 15,891.85 Demand deposits (other than bank deposits) sub ject to Reserve (deposits payable within 30 days) : 36. Individual deposits subject to check 37. Certificates of deposit due in less than 30 days (other than for money borrowed).. - 28. State, county, or other municipal deposits se cured by pledge of assets of this bank .. . . 40. Dividends unpaid Total of demand deposits (other than bank deposits) subject to Reserve, Items 36, 37. 38, 39, 40, and 41 $556,360.34 Time deposits subject to Reserve (payable after 30 days, or subject to 30 days or more no tice, and postal savings): 42. Certificates of deposit (other than for money borrowed) , 4 4. Postal savings deposits . 45. Other time deposits Total of time deposits subject to Reserve. Items 42. 43. 44, and 45 $294,003.17 46. United States deposits (other than postal savings): e Other United States deposits, including de- , posits of U. S. disbursing officers 1,000.00 COT BEHIND I ' Uncle Sam's new delivery, boy, isn?t going to stand 'r v any foolishness from those Democratic Kids. r. 'I forcljg the operators union and electrical workers union to be inde pendent of each other. 'Third, maximum service period for the operators of three years in place of seven. It is reasonable to believe that if an operator does not become efficient in three years the company would not keep her on the payroll. "The striking workers have not re ceded la any war from their original demands, and will not consider a set tlement of any kind until these three points have first been met by the company. "We are now holding conference at San Francisco but up to the present time we have no of ficial news as to the outcome." fifteen; OF 32 kvc;exk OPERATORS FORM STRIKE EUGENE. Or.. July 12. Fifteen of the 32 switchboard operators of the Pacific Telephone and Telegraph company here joined the strikers in the other cities on the coast today. The manager of -the company here says that service is normal .the places of the strikers having been nearly all filled by former employes of the com pany who reside here and by a num ber of outside operators. A.i at tempt to picket the local orficcs was frustrated by the police who warned the strikers that no street meetings would be allowed. $1,127,052.40 1125.009.00 .25.000.00 15.297.04 94.500.00 10,053.83 2.567.73 689.22 2,581.07 317.679.33 5,292.44 233.260.57 128.00 29.563.00 7.925.20 256.514.97 1.000.00 40 Total .' ; $1,127,052 STATE OF OREGON, ) . ' )ss. County of Marion. ) I. Jos. H. Albert, Cashier of the above-named bank, do solemnly swear that the above statement is true to the best of my knowledge and . JOS. H. ALBERT, Cashier, subscribed and sworn to before me this 12th day of July. 1919. v , PAUL V. JOHNSON. Notary Public (My commission expires January 8, 1921. Correct Attest: J. H. ALBERT E. M. CROISAN " . B. J. MILES i i IV . : - Directors. I 1 "Here comes old Henpectle d- you know ne nn i spoa?a o u wife for ever a year?" "Doesn't like to Interrupt her. I suppose." uysianaer. Tillamook Bay Hospital The most ideal reet-cure resort on the qoast. Overlooking the Pacific. Beautiful environment. W. C. HAWK, 31. D Prop. Bay City : : Oregon JONES GENERAL STORE BAY CITY. OREGOX or Orderyour supplies In person by phone. We deliver anywhere at sny time. Groceries, Campers Sup- piles, Fresh Fruits and Vegetables. Candies and Tobacco. When in Bay Ocean leave your orders at our Confectionery store COTTAGES AND APARTMENTS Newly furnished situated at Bar View, the best fishing, clamming, crabbing part of the beaches. Hous ing room-for autos. Buy your ticket direct to Bar View. For information and reservations address Dr. W. A. Wise m Bar View, Oregon To Nehalem Mangauita and Ncahkahnie Boats meet all trains and motor trains at Wheeler connecting with auto stage at Nehalem. Baggage and express carried. Boats and autos for hire , Garage and expert mechanic Anderson Broy OWce and Garage - ' Nehalem,. Oregon Season tickets for the lig Chautauqua week are now on salo. at $2.50. AtT6 p. m. of the opening day hey advance to $3.00. . Buy now 'and prepare for the joyous week of splendid musie, lectures and entertainment. There are 26 big events coming rless than 10c apiece by the season ticket plan. . A FEIV FEATURES of the WEEK PRIVATE PEAT ! Famous Canadian author, humorist arid leurer. IKs book, "Private Peat' has had a sale of a million copies. . Coming'with greatest war story of . . . . the platform CZECHOSLOVAK BAND : ' - Jaroslav Cimera brings to Chautauqua his great Czecho-Slovak . Band. A remarkable organization of splendid Bohemian musicians. Two full eon ' cerU on he fifth day. - k ' RIARY'ADO. HAYS ' , - Noted New York coloratura soprano at Chautauqua on the,- iourtn nigut assisted by her company of Recital Artists. Une of the big musical events of the year. APP0LLO CONCERT COMPANY ' V Five musicians who sand in the front ranks among Cbautau- i" iuii-ni animj, r eaiuring use Apoiiopnone. V t A They, bring two great concerts On the last day. 1 . LEWIS MILITARY QUARTET ? ' Four concert voices comprise the Lewis Military Quartet. - uc jtuue ui VQiiip iifw 13 One of he best male auarteta in the male quartets in the country today. C 1 1 Z3 r JULY 20 iTO0''26 Carter's Mtttt3 Mver1 to You Cannot be Vs. ARemedy That Makes Life Yorth Living Use tea Constipated and Happy immoral IsnBD CtRTERSt ITTLt IVER rtus. A"Si K (pARTER'S IRON PILLS wMg?esiwpnuspaIe-facslBoeja many color! sse bt a,
