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About The Oregon statesman. (Salem, Or.) 1916-1980 | View Entire Issue (Jan. 29, 1924)
1 rf. Small Investors Are Real Owners Of the Nation's Large Industries . TO 24 HARE5 .69,664 OWNERS SALEM JOINS VALLEY TOWNS IN SURVEY (Continued from page 1) city and both Salem and Albany citizens agreed that "the- best in terests would: be met, perhaps, by uniting to find out chances of I brlbging Clear Lake water to the Willamette valley." v Cause fori Serious Thought i , IT Is estimated that 70 of rectal cancer Is due to the continual Irritation from neglected Piles. , Future risks, as well as preserf r ill-health, warrant skilled atten tion if you are suffering with a Rectal or Colon disorder. I have been! a Rectal and Colon Specialist for many years and it U this successful experience which enables me to confideotlf GUARANTEE to cure your Files or refund your fee. Writ today for mr ! FREE Ofcatrat book. CHKsIU. DEAN. M.D I lllhl BiIfHI III! Ill 1 Southern pacific $90,000,000 COMPREHENSIVE and. impressive program for construction work, new facilities and improvements generally to maintain adequate transporta tion service for Pacific Coast states has been launched by the Southern pacific company, it was announced here Expenditures totaling in excess ot 150,000,000 are involved in tne un roTsment program, which is to be carried into street as rapidly as possible. This program Is In addition to the recent purchase by the Southern Pa Ific company of a record number of freight and passenger cars, refrigerator ars and powerful locomotives at a cost aggregating $40,000,000. - The announcement calling tor renewed activity throughout the territory erred by the railroad follows close upon the heels ot the decision of govern ment officials at Washington to accept arming the Southern Pacific-Central - v jfvfw - F ' v -. -.. .. . ' -M ... , b. ' ' J THE OREGON STATESMAN. SALEM; OREGON : , Half of the 77,000 Share Holders in Armour ! 1 . and! ComDanv Are Emoloves Same a Tendency in Other Enterprises h 7? EPORTS from some of the largest Industries in the country show that their ownership is becoming more wide spread and that small investors, especially wage earners, are tak ing a much .greater Interest in Industrial securities. Recent opportunities for Invest-: showing the distribution of its ment offered to employes in many j ownership. More than 77.000 national industries have met with : people, most of them small invest enthusiastic response. This is ; ors. now are partners in one of particularly trute of1 the telephone, j the largest packing concern in oil, transportation, and packing , the world. industries ana other big enter- prises. How eager workers are to avail themselves of these opportunities was recently demonstrated when a 25 TO 49 Shares 50 TO 99 Shakes 5.248 OWNERS 2J47 Figures were quoted by, Captain Edmundstone to the effect that the water from Clear Lake would be almost as great in quantity as Portland has available and ws capable of being increased by drawing on the upper lakes. It Was stated that the water supply potentially available would be suf ficient for a million population. T. B. ,Kay, member of the state legislature and manufacturer of Salem, endorsed the proposal of finding out what the cost of such an undertaking would be in view of the fact that if the cost were not prohibitive, it would bo of great value to Salem. Gideon Stoltz, former member of the council, said that Salem by all means should get Clear Lake water with its capacity for supply ing increased population. Death Laid to Water J. H. Albert, cashier of the First National bank, said "by all means secure this water, even if it takes 10 years, even if we cannot af ford it now, secure it for our children." D. O. Woodworth, Albany drug gist, spoke of the poor water sup ply of Albany with the highly clorinated condition, citing as an instance of its effect the death of Hr. W. II. Davis and uoting Dr Davis as having said that unless Albany got a new feouree of water the conditions would be terrible for those drinking the clorinated water. i W. S. Richards of Albany was spending TO SERVE WESi today. the United States court decision Pacific merger. " .A - - , f ' re ita ' " Ik. . m m block of referred stock of Ar mour and Computiy was offered to Its employes. Within a few days the 5U.000 shares s-t aside for this purpose had been over-subscribed and 40,000 employes had become part owners of the Company. In this connection the company has Just made public a tabulation Wnw fht. ATPTWPsvtn i, di-trlbut- ed is shown in the following table: C9.664 own j C.248 own j 2,147 own 1 to 24 shares 25 to 49 ' 60 to 9 100 or over 919 own The same is true of the recent offer to employes of the Pennsyl vania Railroad to purchase stock and bonds of the company on in stallment basis. Employes of the railroad have become owners to the extent of more than half a million dollars. to., .w. 100 OR MORE Shares OWNERS 919 OWNERS another speaker touching on the fact which was emphasized by each speaker, "provided the cost is not too much." Kay Kxpressms Doubt T. B.' Kay likened the con struction of such a water project to his boyhood ambition to possess a bicycle. He sa wan advertise ment and thinking it might cost about $15 and possibly he might in time save that, he wrote to ask about it and found out it cost $125. He said he forgot about the bicycle and how much he had wanted it, and said it was similar with the idea of bringing Clear Lake water to the Willamette val ley. Rev. Harry Tucker, Baptist minister o! Albany, speaking of the inability of the peoples of the world to live without water, said that he wondered as he had been listening "how much of what had been said the newspaper people and reporters present had under stood and how muddled their re ports of what had been said would be." Albany Minister Heard Citing Jerusalem as an exam ple, Rev. Mr. Tucker said the lack ot water kept the nations of the earth from taking it, kept the Turk supreme there until Eng land, slow but sure and true in the end, "canied water with her across the desert." C. C. Hall, supervisor of the Santiam national forest, said that he doubted if the timber on the forest land involved would ever be sold because it was for the most part of Inferior quality. The special committee appoint ed by Mayor J. B. Giesy during the summer to investigate the psosibilities of a water site for the city of Salem, will act with a com mittee to be appointed by C. E. Wilson, manager of the Chamber of Commerce, and the large com mittee will meet with Albany, Eugene and Corvallis citizens at some date in the near future. While the place of meeting has not been set it is probable that it will be in -Corvallis or Albany. Will Meet in Eugene Albany citizens plan to go to Eugene within a week or two and put the matter before the Lane county citizens, asking their sup-1 port and cooperation also. Albany citizens coming to Sa lem to confer with the business men of Salem were A. M. Ham mer, R. L. iJurkhard. 1). O. Wood worth. Rev. Harry Tucker, I). II. Holloway, C. H. Murphy, L. E. Hamilton. Judge Victor Olliver. C. C. Hall, E. M. Reagan, Wlado An derson. C. M. Grigsby. Thomas D. Potwin. W. L. Jackson and Dr. J. H. Robinett. E. M. Reagan presided at the meeting and outlined the plans of Albany in seeking Salem's coope ration. G. L. Hurd and S. M. P. Dolan of Corvallis were others attending the meeting. The special wster committee of the city council is composed of George Wenderoth, A. F. Marcus, L. J. Simeral, Ralph Thompson and George Thompson. DENBY RESIGNATION ASKED BY DEMOCRATS (Continued from page 1.) 4 Interior Secretary Fall word was sent out that he not only would be unable to appear before the oil committee tomorrow as plan ned but might not be able to tes tify for some days to come. The resolution proposing the resignation of Secretary Denby was offered after demands that he quit the cabinet had been made 'V ; ': -. - :,' ' a .v-: 1;-.-;vV j:' .U by Senator Walsh, Democrat, Mon tana, a dominating figure in the oil inquiry, and other democratic senators. A somewhat similar at tack on Attorney General Daugh erty was made In the house by Representative (iarrelt of Tenn essee, the democratic leader. Cabinet Meinlers Solid The impression given both at the white house and the navy and justice departments was that neith er Mr. IVnby nor Mr. Daugherty were preparing to resign and that the president had no present in tention of asking them to step out of the cabinet. A demand that Mr. Denby go tee and explain his part in con-j ur-iun: tin? in;ur,K huyui iwninui- nection with the leases was made by some democratic committee men, but the majority decided to do nothing for the present. Miners' Progress Is Impeded at Convention (By The Associated Frtss) INDIANAPOLIS, Ind.. Jan. 2S Progress was impeded today by additional controversy in the Unit ed Mine Workers' convention to day over seating of delegates back ed by the insurgents. However, delegates generally were restive, and late this afternoon howled down one of the insurgents who took the platform to speak for a shorter working day. Insurgents counted as a victory the seating of Nick llerkovitch of j Dowell. 111., over the credentials committee's adverse report. They were beaten in the second contest : over John Mcdraw of Scammon. j Kans.. who was lieutenant for i Alexander Howat in the fight on the Kanras industrial court law, whose seat was contested on the ground that h had worked dur ing the national strike two years ago. He was unseated by a vote of 950 to 711. Insurgents claim ed this was a preliminary skirm ish in preparation for the fight to reinstate Howat as a member of the union. Mr3. Tom Mooney appeared be fore the convention and obtained $1000 for the campaign to get pardons for her husband and Warren K. Billings, in prison in California for their alleged con nection with the bomb throwing in the Fan Francisco preparednes.-: day parade several years ago. Joe Simonich Knocks Out Joe Dunn of Portland PORTLAND, Ore.. Ja. lis. Joe Simonich of Butte, Mont., welter weight, knocked out Joe Dunn or Portland in the sixth round of a main event that was billed to go four rounds here at the Portland Armory tonight. The Butte fighter was fast and aggressive, outclassing the local boy in every round. The blow that beat Dunn was a smart right smack to the solar plexus. Cowboy Harris of Pendleton, featherweight, did well in his first appearance here, getting a four round draw with Billy Winters. Tacoma Bishop Reported III at Friend's Home NEW HAVEN. Conn.. Jan. 2S. Bishop Freick W. Keator of Ta coma, Wash., who is visiting Nor ris G. Osborn of this city, is in a hospital here, said to be in a seri ous condition from a heart attack. Bishop Keator came here a week ago. and has been confined to the hospital most of that time. LIBERTY j STARTING TODAY !Jfie pcture thatwill give you atingly X Sensation dovOn your spiml column $rom the big stage success thtttstwrlJedSroaiwaf Slinking Crooks Dark Shadows All Merged Dramas of the Year. Unable to Read, Player Claims He Was Gulled MILWAUKEE. Wis., Jan. 2S. Selection of a jury to try ft rase involving salary demands of Joe i Jackson, former White Sox player, j against the Chicago American I league 1ub for $19.r.OO, thei amount Jackson claims he would ' have received during the unexpir-! . ed period of his contract, had he been allowed to perforin it, was i completed in circuit court late to-j day. Ray Cannon, attorney for Jack son, claims that the testimony wi , . . , , - - .1 , on because he was unable to read i and tliat in the process of negoti- ations theten-day release clause! in Jackson's contract providing for the release of players on ten days' notice on the part of the club, was not called to the attention of the plaintiff, and that he signed the contract with no knowledge of the (.allf(,, ChaNey PaddOCk May GO Abroad for Olympics J ' BOSTON, Jan. 2S. The possi bility that Charles Paddock, Cali fornia sprinter, might go abroad with the American Olympic team next June was strengthened with the announcement here today that the noted runner has applied for j reinstatement with the Amateur J Athletic union The letter was received by William C. Prout. president or the union, who said that he would lay it before a '-P ri-il committee in Chicago next week-. In his letter to Mr. -Front. Fad dock is said to have enclosed X ne from Mr. Weaver promising to read a statement by Paddock at the meeting. , Four-Year Contract Is Signed By Enoch Bagshaw SEATTLE. Jan, 28. Coach Enoch Bagshaw. football coach of tha University of Washington has signed a four year contract offer ed to him at a recent meeting of the university board of control, it was announced today. The amount offered the mentor was not dis closed, but was said to be larger than last year and compares fa vorably to the salaries paid for the football coaches at other Pa cific coast institutions. BASKETBALL Spokane Athletic club .14; Pa cific U." 10. At Columbus, Ohio State 33 ; Minnesota, 10. ; . At Lincoln, North Dakota state 20; Nebraska Wesleyan 13. At Milwaukee, De Paw 2D; Marquette 18. At Berkeley, U. of California 51; U. of Nevada 31. LaOrippe Influenza Pneumonia Keeostrone. Be healthy and free from winter complaints. Kill's Cascara Bromide Quinine i3 the quickest acting, most dependable co.d remedy. What HiU's'does for niillicnsit will do for you. Get red brat bearing Mr. Hill's portrait. llricc 30 ccnt3. CmOAjiQUININE w.n.nnxca Siom oTorr. cn. and Sinister Plots Shifting into One of the: Great Croofc - ,v- ' " mtnrt; 1 tAntitl T 4 TT i T' OA1 1 flO 1 ....... ": .V. . ' f ' " , : - . njitiftuivi: muuiniivu, )aiuaui - - -i OREGON "Comeo Kirby" iinEH7'-.-"Lij,hts Our HI.IGlf Every man. woman and child is 1 , . . 'John Gilbert, win comes t. tiie ir.,,, iaiI, ; .k.. !.. ..1 , - Cameo Kirby, th film vtr.-ioji i of the great Stan-- recess of the swim-' name, by I'.ootb Tarkiiigtou and I'aity Io.i Wilson, for a threo-day run "Th.- htke-n -ohance spirit s-uTo- ,u wu'1 AUJm- am Ml- I ''omr,1, nh,lg "',(;n ,,ia P'' try. "The daddy of them all watered j a ril.. i "Eve gambled on the apple and Jt daughter; ,r Eve have been y ; hearts, some in clubs social and . .1 : 4 1. . -i , - , a . . I otherwise -and all of them in dia j mends. 'Look at the infant in the cra dle. When , he wants something to eat, what d vs he do? lie yells like fury, and it's an even bet whether he .ets a bottle or a beating. So you see. we are all "" came "ui ' It would have been easy for the moving picture company filming the bank robbery scene in "Lights Out." which conies to the Liberty today, to have none into a Holly wood bank after hours, erected the apparatus and worked all night on the seen1. The action required, however, that the door of the vault be open, and in view of the prevalent crime wave in Los Angeles, bank offi- FRI., SAT., SUN. 7m TODAY H GRAND 1 H OREGON H LIBERTY aSfeyfet"1" "J'"")"1 "' BSaBSBSSaBSSEBBEBBBDDBSS mm, KIRBY STORY BY , i BOOTH TARKINGTON .HARRY LEON WILSON clalr, did not take kindly to the idea. The producers, therefore, had to construct a cosily sfcttfhg showing the interior of a bank on their own lot. and the picture Is concrete proof of the success of their effort. And this is only one of the unusual settings used in the film. Phenomenal Growth Made By Insurance Business A phenomenal growth in the in surance business has been made in Oregon in the last 20 years, ac cording to fijiUies in the office of Will If. Moore, state insurance coir.missi.inef. Statistics showing imnrance written, premiums paid and losses paid for the years 1!2, 1912 and 1922. with all insurance companies operating in the slate considered are: Insurance written 1902. $2 4, Ilo,t;tt;.40; 1912, $297,4S1,2!)3. r.O; 1922, f 1,007,1 S4, !20. 17. Gross premiums 1902, ?, M9.777.74 ; 1912. $10,304,209.--;.".; l!t'2, $24,3e9.S.S;4.M. HERE ggesa (seam BLIGH THEATRE Starts Friday Evening A Picture Aglow with the Flaming Breath of Impas sioned Love. A New Norma in a Drama of Wild Love, Fierce Hates and a Clash of Steel bn Des ert Sands Losses paid 1902. $1,200,715. 74; 1912, $n,290,834.68; 1922, $14,497,784.25. St. lonatius College Not Beaten This Season SAN FRANCISCO, Jan. 28. St. I Ignatius college here has the only collegiate basketball team In, this ; .. . i -. 1. mat Aaftont i. section inai iias uv. - ( this season. Among the teams if ' has trounced are the Oregon Ag- gies, champions of the Coast con- . ference last year; Santa Clara uni versity and the Olympic culb. Toasting the tobacco for LUCKY STRIKE , costs a fortune but it f saves the flavor. TODAY STARTS SUNDAY A Photodrama of ! Stupendous Human Emotions! , - GRA N Today Tomorrow Thursday Matinee til -7