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About The Oregon statesman. (Salem, Or.) 1916-1980 | View Entire Issue (Jan. 18, 1921)
" uuv wur.uut r ty i r.AiAW,' MaiavAl, mr.w;v - - - ' 1 1 ..... . MMMM,,MMMMM.MM,MMIIMIMiiit r - Cash and Carry It Pays 'Compare our Prices Specials For Tuesday and : Wednesday Special price on Sugar :5 lbs. Peanut But ter.I 45c I 9 !;,:.; 5 cans Sugar Peas...... .49c 5 cans Salmon large......... 49c 5 cans Sugar ' JCorn....;...........49c Royal Club Black Pepper 2 oz can 7c 55c Silver King Cof fee .... . . .......39c 25c can Baker's Co !' coanutincans 19c DUNDAS-MART1N APPLIES FINANCIAL DEMOCRACY TO KING PRODUCTS COMPANY l The great war stirred up 'th-;; rarities, stocks and bonds largely human melting pot and new ; to the so-called capitalists, and to thoughts (lashed through decay-f large fiiiaticial institutions such Ing masses to the top. ! Onj of j as life insurance companies and these new thoughts U financial 'savings hanks to vhouj the, jeopU democracy." i have entrusted their money aa This brand of democracy wasjsavingg. , partly conceived in the pre-war! Fourth, The man dT small or "e. It remained for the ma?tr j moderate means would like to in upheaval to bring it forth !n j vest, and is entitled ;o inver-t, mcs-d thought. his maney in the same char&cer Finawcial democracy ig the fi- of securities as is offered to ihe nanc'ng of human progress by the I large investors, bumans themselves. Do yoi getj "With these basic facts in mind it? It is not financing by a few it was decided that if n-company nund-picked individual j who. thus ; could be organized in a large way. favored, are evolved Into fat capitalists.- It Li financing that pro motes and perpetnates prosperity. The concentration of securities 'n the hands of ;t few breeds fi nancial autocracy. The distribution of securities fttnonz the manr nrnmniM fir. in itial cemoeracy. Th Xew Idea Dundas-Martin company is the outgrowth of an idea., "it was founded in February. 1918, by Arthur I,. Dunda and George F. Martin, business and professional men of fort land. Ore., both if whom had had successful career in connection with the marketing ft financial securities in the east, having- been identified an exeen tives of a large financial com pany with headquarters in New York City. Their idea In brief was this: If a financial institution could ie 'underi which would brine hih grade investments and securities directly to the tn-ople. whih rwould give Hie people a fair sharjf for the purpose of offering to the small or moderate investor, fi nancial or industrial securities of the same character as thoee which have heretofore been offered ; to the large investor, a large clien tele could be built up provided that institutions were conducted on the following- iines: i First. That the institution whose securities wete offered to the people should have honest nd capable management. : Second. That the Institutions should have ssfe and feasible plans c-f operation. Third. That the financial in stitutions, or industries, financed should have provision for the re turn of tha investor, not merely of h rental value of bis money, but a fair share of the earnings. In brief, it was realized that while the man with a little mon ey may not be able to. obtain much 'beyond 'the ordinary, and prevailing rates of, interest tf thousands of such men could combine their capital Into a large corporation was organlzed-ln, Jan uary. l!2u, with a preferred Mock ifcp'ue of $r.rtO,tn0, which was toni tltlely kiilisciil:d in, Jnne. 1920 Tlif'sc-fohr fiusnco corpora tii ii: oiterat exclusively in the Pacific northwest and have large ly finiincel the automobile, truck and tricrr indpstri s. denMjtg in secured financial paper and com mercial paper arising from actual sates in the automotive industry. They were followed by the raeific States Securities com pany, officered by a strung, group and. energy or ban rrancisco itistn:ss men. 1 which was organized in May. 1920 t . t r . .. . rAA r.AA - . . iiu an lacue ui jj'i'i.vvu ui rv ferred stock, which was complete ly subscribed in September. 1920 Following the successful fin ancing of the five finance cor porations. Dnndas-Martin com pany and the finance corporation underwrote an issue of 1500.000 of the preferred stock of the Stradivara Phonograph company, which j was offered to to the pub, lie In September. 1920, and com pletely subscribed 'in December 1920. In brief, the record of Dundas-Martin coin panyr practically since January 1, 1919, is as fol I lows: t ' Marketed preferred stock Is sues totalling J1.S50.000 of five finance corporations with a com mon stock capitalization of $1. 825.AO0, and $500,000 preferred stock: of Stradivara Phonograph company, with a common stock issue; of 5.000 class A common and' J 0.000 shares class II com mon.; This is an achievement of whica any ecmpany ctuld be proud and speaks volumes for the zeal, energy and devotion which the members of the organization TUESDAY, MORNINfi.. JANUARY-18, 1021 I ' - ....IJ... . 1 1 - w r V. . AAA . . - - 1 li weeks and. as it wtu t oi me um. ; . : ."'. --"". - imnoible to se everone In such i A similar disposal was maae m t yruif-ui . j. u. iuan. easnier; f tj report snowed farther t a limltM period' of time, he sng- the Mu.w bill, rivinti the author-ge.-.U that thobi- ho may le ln-ity of tl.o 'Multnomah connty tenrted address r. r'equeM for fur- commissioners relative to expen- ii r., i . i tiu i ilnureK on -the Vista house, sen- II V III1UI S.V U . mm w w i address. n-tor Mojer explained that, the .tiiiMxuo iktuau, iuui iakH-j nil1 pari jrar it urvu u pro,,. ir. Directors for the ensuliu i one and that SM0 had il ..... - . i.-. it nil -i ttt1te 3 II t f . . vcar are 11. 1 Harris. J. I. stn- I - n, art. II. A. Snyder, Carrie K. Sher (courts have extended the author-; man aud J. L. Sherman. on a bew vault door other equipment in ta paat u years. . , Ol.T OI' TII K ItACK. nothlnt i nrthe earning power of theii jBMm and ln(nn H to roPn of n. r "V." "V i.Mie. ciiip.-. . tegrftlr and ability, this capita. mil up ana a surf-esMui. dhrhi'-ss .:i., k a..i,,lAv& developed Olympic Wheat : Hearts.....L.i..29c 5 lbs. Special Blend : : Cbffeer:r:r:60ic Martin comnany was fased npon fonr facts: " First. That monev ham nn earn- I large industrial and financial in stitutions have made and can maka profiVs, over and above the 4 to 8 per 'cent ps.id npon th? caoital oorrowed un bonds and other securities. . Second. The ready money pow er of this country Is not. the so called capitalists. 1'nt the man of moderate means. The truth of this sratement was illustrated dur ing the liberty loan flotations by which the masses of citizens of the United States financed the war. . . Third. It has been the custom In the past to offer financial he- 1 45c Rojral : Club Blackberries can ...1 23c ?4 Ladies9 Umbrel-' las $1.98 - r.- .. , . .m i : ; Good Broom ea. 39c American Club Cof fee, per lb.....29c FARMERS CASH STORE C Burton Durdall Three Busy Stores Salera Silverton "'.'j. Independence Health Radiates Beauty" ' No wonder she is the center of attraction. Her vibrant health draws people to her. How differ ent from the pale, listless woman who cannot attract because she has not the glow of health which positively radiates beauty. tnilit he craploycil in uch a raau- Ih'it nvAru AAtitrlkll' fr ti it.! Tb idea . upon, which Iiundan- ,. -r.r-,n lounaen lo the ,mount Invested and would re-ur tarter earnintts man -or- J .1 ! n mmn4m L'llnU m nl4n frtt lnfi r power greatly in excess of Its nijnd tlnntir l!? ,:?:?:: by the average man over a per- iol of years, would bring to him the method by which he could afely realize his ambition and desire for comparative financial independence, growing out of safe and profitable investments. Huildinst lp the Orjranwation. The , founders of Dundas-Mar tin company, therefore, having faith that a' company basd upon these Ideals. , would succeed, de termined to put the plan into rractical operation.' Uundas Mart'n company was orpanized in February, 1918. to "do threa thinRst ; First. To establish an agency that would be in a. position. ricidly tc Investigate th merits of in vestment offerings forthe bene fit of their clients. ' Second. To take to the people in an economical 'and efficient way such investment offerings as had, passed this rigid Investigation so as to gather thousands 'of small amounts into sucii sunia as would be available for investment purposes in accordance with tha plans and ideals of the company. Thirds To raise capital through the sale of stocks and bonds for rentable, financial aud indus trial concerns that measured 'up to the Dundas-Martin standards, and combined the threexrequisite elements for success, namely: Ilone&t and competent manage ment; a feasible plan; and pro vision for safety -to investors." The first security offered to the public was the preferred stock of the Western Finance corporation ot Portland, ; Or. o'ficered by reputable Portland business men. which was organized in Febru ary. 1918. The first office for tbe sale of these securitiesVwas opened In Portland at the same time. During this time the great world war was on, and for a pe nod of sonr four months in the latter part of that year the foun ders of Dundas-Martin company suspended the sale, of .its seeuri' tie3 in order. not to be In compe tition with , war financing " opera tions, so that the , plans -of th.t? company were not-really drjva ahead full, speed until" aTter the armistice, ! November -'II r" 1 31 S The activities of tbe company and the big achievements of the or ganization K may . therefore proper ly be said tq date from January 1. 1919. Western Finance corporation, with its preferred capital stock of $230,000. was completely financ ed In May. 1918. ; It was followed Ly the organization of Northwest ern Finance corporation, with a preferred stock Issus of SI 00,000. which, was organized in February. 1919. and completely financed in August, 1919. This company was 'followed by American Securities company with a preferred stock Issue of $300,000. which was or ganized in June. 1919, and which was completely financed in Janu ary, 1920. Second Northwestern 'Finance ; itv desired and then' i no fur-: The cashier's . reDurt showed !.i 1 1. - v.'i i . ' .....' V'tlra I imnV m ,,,, . rm..n w.i nn T;fii!ller r . . that an x per cent dividend haC ; ' When, a pescn wakes up wit it .... rfltnmcndation of the coin- . ..... ouarter clears. a Mifr Mck. has pains in muscle. ; mtt on judiciary, the gover- ben Pal na ,hat hp Wirt car- Jokea Is that so? Then It ni& aches in hiM joint:, or has rheum-j nor.s mo oa n-te Mil 7 relat- rld to Abe surplus fund 1400; j be became you Cant find atsy k: atlc twinges.' he lacks ambition;. - 1A tinilerffartens iu Miiltro- reserved' for ! interest and tae. clears to Dick up. and cannot do hism:ih ,,.,,;., rn-tamed. The: . . . . , best. If you feel out ot the race, t .in kS u r4?aci.ed Ihe r-""'-' tired and languid, or have other j.a(l fH.P3 Prr0neons!y -ncross?dJj syiifptom of kidney trouble, yo'i s,,aat0r Moser Fald the bill would ; should act promptly. Foley Kid- itf, itrf,j.lCf d again at this s?s-' rcy Pills help the kidneys co their j,ion t work and get out of the system i . ' . - j the poisonous matter that causes j o much trouble. Thy give re- ( Cj J. L . I J i D L Hef from sleeo-disturbinr bladder ! dtOCkhOldeTS 0( batik disturbances. Sold everywhere. ' i oDaonfi Simon & Pade Purchase dayton. or . Jan. it. Thci - w .1 P CL t annual meeting of tbe stockhold-; The Great GnrI Toole ij what om atcda for Om roburt healtli and anima tion wticb ct.'ihiiBdadmti tK. Lyfco lata irtnw 'to keap all tha bodily function ia a uunaal -ditioo by rruatin tha bowrl. prcventinaT condk patioB, ImnroTinit tha appetite, aiuir-r digeatSon put tmildins p tb y?tm tn friritl. It anakc Bamtui a rtaiity. -- - It is Pure Vyko coataioa only tha nxwt carvf uBV aa WcLed drasa of raeua piaadtlMrapaatievaice. Jiut taka a fi w eVnaca and yv wi:t era irttat .ma adatirapla laxt:r tonic Lyko U. AakToor Dnxcltt Lyko ia aold, ia tha ori-inr pack ?a ooly. Ix Vu n a a tome paria tooay for tha aaaa of haaith pb4 baaaty. SmUUmmmfmtimrmvm r'' LYKO MEDICINE COMPANY Naw Yacfc . .. KaiaaCtr in ii i 1 3 For sale by ail druggists. Al ways in stock at Perry's Drng Store. has are the the have put into their work, and is alxo conclusive proof the ready welcome and endorsement that the public has given of their ap proval of the plans, ideals and P( lii-ies of management adopted by the eomp;tny. It is easy en ough to form plans on paper. Carrying them out and actually putting them Into effect is a horse of another color. Dundas Martin company ha actually put its ideals and' plans into success ful operation. It looks back up on' two years of actual achieve, ment and accomplishment. It has successfully financed six large corporations which stand today as monuments to .the faith, energy, devotion and executive ability of the Dundax-Martin company. rrttn one smati office in Port land the organization. has grown C; 22 offices, scattered up and down' the Pacific coast, with ex ecutive offices in Portland. Los Angeles aud San Francisco. From a; small group of salesmen in T . . 1 . . .1 It i'i waiiu, iuf urbanization now more than 230. hr. busily engaged. In carrying Dundas-Martin message, to people.. ' . Dundan-Martin Service The transact ron is not complete when' a client has purchased se- cur'ttes from Dundas-Martin com pany.!. He has merely taken the first step that links him with a big organization. He is entitled to keep intouch with the officers of the company In which he baa invested so that at any time he may j feel free to inquire aa 'to the state of his Investment. He Is entitled to consult the offi-rs of Dundas-Martin company as to his Investment. He ia entitled to consult the officers of Dun-Das-Martin company as to his present and future investments. Every man from salesman who made the original sale to' tre managers, superintendents aud officers of Dundas-Martin com pany are at his service and he is made to feel that the organiz. ation Is interested In his welfare. Upon the officers of Dundas Martin company ,devolves the duties of examining and scrutin. izing the investments offered him", inquiring into their character and ability, making investigations Into the i physical properties ot the companies, inquiring Into many details of their legal organiza tion,; offering' the securities to the inspection of the corporation-coni-missionerfl whose duties are to ?a IP-Spara,. the public' invest thejits. All this work requires ability of th highest character and hard, conscientious work. There are no places for drones iti the organization,- Kvery one works Kteadily, systematically and industriously at the tasks iu hand. The success that the or ganization has achieved In.' the past ha b-en done , lecanse of this faithful service on the part af every one in tho Organization tromi the ofrk-o boys up. It i a tribute to hard work, energy, ef- Ljruncy. system and zeal. L. N. Simon and Hen O. Pad? have purchased the Polsal ana Shaw grocery, corner of Miller and South Commercial street which wiJl hereafter he conduct ed under the name of "Simon at Pade Grocery." The new. proprietors are wU known in Salem. For the laJ. 10 Xears they have been" in tb em ploy or the TV. TV. Moore Furni ture store, aud previous to tha! time were connecled with the wholesale grocery business. The new proprietor intend to brighten up the Interior of the store with new furnishings, etc., and to put in a. much large stock than has been carried heretofore. Thev are both live wires and. In tend to inaugurate live nulhoda in the building up of the Iusii.s.. 'rs or the Hank of Dayton was held Thursday. The following of-' RED PEPPER FOR1 RHEUMATICPA1N . j : ' j Concent nttetl Mrt IVnetrate Iit Mantly ! brings Quick est Jtclief Known Special Shewing I Governor's Veto Sustained, by, Senate The senate yesterday sustained by unanimous vote Governor Ol rott'a veto of senate , hi 1 -18 of the 1920 special f-esf ion. propos ing an amemlmen: of, the port latfs. Senator Nf-rblad. who in- awaits von Rheumatism. I:tmLa;o. neurili. backache. , stilf neck, sore mus cles, strains.' aching joints. When vou are suffering so you ran hardly get around, Juut try "He! Pepper Ruh.'f and you will have the quickest relief known. Nothing has such concentrated, penetrating heat a red pepp'- Instant relief. Just as soon ai yen apply .Tied Pepper Rub ym fori the tingling heat: In three minutes It warm the sore spot through and throueh. Frees the blood- circulation, breaks up th congestion and rain in gone. 'Rowles Red Pepper Rub. made Trom red, peppers. crts little at any drng store. Get a jar at once. N .luiOHt instant relief Use It for eolds I t'',V '.v.. Ladies' Flannel Night Gpwn i 1 ,;M$AQ K t WE have them on. special dis play this week. They are wade of. the, best quality flannel, outirx. in plain and fancy patterns. White; and fancy colors. , : .75 Our.Prices Always the lowest i a a . t. . tin . - .. i f a f . . . - . . i ui. uvvii hi t uiii. ioiiv r xpiaiiii-u i cnest. o matter wnai you na t tho question had. been taken care used for pain. or congestion, don't j of hv the peonle of Clatoo conn- Wal to try Red Pepper Rub. i GALE St CO. Court and Commercial SL Formerly Chicago Store, Today and Tomorrow Robert W. Chambers' Startling Story, "THE SHINING BAND" A Drama of Feminine Wiles Strong in Love Interest,' Thrills, Dramatic Crises -"EVEN as EVE" Love Armed Conflicts Outdoor Thrills Liberty Mack Sennet t Special: Sunday i i r ruiuir. ! The Dundas-Martin nrranlv-iiinn , feas won recognition up and down ir.e raeine coast in banking, bus iness and financial circles a an Organization that has a high char acter.) that does a clean hiuin.c. that is ably administered ajtd con ducted, that is In accord with the trend of the times in promoting thrift ! and economy, and which performs an important mission in assembling cardial for business, finance and industry. Manv or ganizations operating in the wesi drain capital from the Pacific coast and send it east ror invest ment. s Dundas-Martin company nili... , n i. ... nriner capuat to en large ana roster tne industries of th? Pacific coast, thereby playing en important role in community ana providing eninlov ment for labor. With a record of actually bar :ng successfully financed six large v v.. p,i miuiia, 1'unaa-.Martin or- g&nizauou is now setting forth on unancmg of- the expansion ana Development of King's Food rouucis company, one of the argesi manufacturers of dehy drated food products in the United States, i The company is now of ierlng to the public the securi ties ot i thia corporation to the amount of 11.500.000 in preferred stock and 15.000 shares of class a common stock. r. t aiccooie, manager for the -aiem uistrtct. has opened an of nee ai 4j uregon building. As- .octaied' wtth him are Messrs. Creen. Klllthorpe, Storfcerg. Swan muu Jennings. Mr. McCoole states that his or janlzaUon win place tho entire E SOKE Retail and Wholesale "Distributors ' Flour- Manufacturing Company Speeicil Prices Week 1 lb., per lb, . ,32c 3 lbs.rper lb. .31c '5Jfe, perslftr.30c s Special rices: JlfMs . - i . a . 7 ' The Best Medium . Priced Coffee Offered . - ...... . for sale in the market Every can guaranteed. i ! TUESDAY and WEDNESDAY Fancy Gunpowder Tea, pound .'. 35c 5 Large Cans Standard; Tomatoes. . ... . . .... . .-. 53c 5 Large Cans Standard Peas ...53c 5 lbs. Fresh Peanut Butter . 49c 3 LargeCans Fountain Peaches Sweetened . . , '. ..... . 67c 1 Gallon Wessons Oil : $2 AO We i still have about 300 Sacks Vim Flour, at the. old price. 5; Large Caps Medium Red Salmon. ...... .. ..... ...... 1 75c Phone C. O. D. Orders J86 and 198 .1 V3 :i 1 i ! h " -"c