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About The Oregon statesman. (Salem, Or.) 1916-1980 | View Entire Issue (July 13, 1924)
m, wmm i. iiwiwiwwi .niimHii owwniw inww tf i hip i ii i mi m i m m ' ' "'."' . iinmrrr M iinimniimr r i Ml it fin inn n imi n i 11 in nwinr " -iMitair 1 rrrirriiii niiMiiMi n ni m umi irtii'fMiiiiMn imii nmmii-rii" J"a'fc I, I ..! ..UIIIH III MltllilMWI IIIIWIIIIII '" milHlllU IUI IIHTI ' I ' "" 11 " "' " niii.nii n. ii fa- ' " " . V si . :. t i .... - - -:- .....:::.-,-.u LAS.lAa.Li :2imiaito IMPORTANT TO HOME BUILDERS OR HOME i "T1AVE yon -our own home, or do yon need help to plan your 1iom? Are you paying out good money for rent and yet nothing for.it but rent receipts! Let me give you my price on your new hom '. I do nothing but first-class work, and I am sure ,i I,, .imiMiin II v to save you m pney. J am doing it fvor others, why not ror youT ..... . - .a-.: i I Will build any kind of a home yoi wish, from brick, tile, or stucco, and guarantee my work, always have new homes for sale, 4, 5, C, and 7-rooth homes, wellbuilt. I will be glad to show you so-rnr of these brand new hoi es ready to move in,-As low as $100 w you if you are 11 move yon in and the r X j! n st like rent. It will pay see me. . Homes 1420 N. 5th Street thinking about a home, td A J) 1 u V V to officials of the company. This common claw B stock was, by agreement Hied with the corpora tion commissioner,, limited in its earnings to participation in prof ts only after the common class A stock had receved a dividend tor five consecutiTe years. Under Mr. Collier's direction so licitors are approaching King's Food stockholders with a proposi tion offering to make an investiga tion of the company, "its- conduct, acts and representations." For this delegation of authority by stockholders to the financial In vestigation corporaton the stock holders are charged a flat fee wheh la fixed at 10 per cent of the face value of the $150 stock units, which fee includes the so licitor's v 4 per cent or the face value of the stock. The corpora- LOOKING AHEAD j ; ; FOR lc -rl 1 Plan now for winter comfort by asking for farther Informal tlon regarding the most econof mical heating plant on the market. '"- ...,..: Eastman Sibloco "Furnaces "If 079.60 and up T" - - .1 ;. j ' ' J ' '' ' I 1 ' A lc post card brings the Information' without any obli gation on your part. f . - - ' 1 ; . - Silvcrton Blow Pipe u Co. EHrerton, Oregon T7kibwelfcr'With This,- flBwYottM Polar Cub Fans Q3.0O . ' Largor Ctzo QIO.GO BROWNELL ELECTRIC COMPANY 397 STATE ' , . PHONE 953 as - r n't rrrmi ' tlon agrees "at its own expense to undertake to make said investiga tion, employ accountants and such legal services as may be neces sary.' Attention is called to the words "to undertake," 1 as found on the contract of employment used by solicitors for the financial investigation corporation. This corporation was; originally formed to mak a similar ''investi gation" of another Portland indus trial concern. This attempt for various reasons did not material ize. According to those directing the investigating concern its work is in no sense charitable. It is strictly a business proposition that secures legal work and a field for special invest! gatloiPas to financial structure and condition: for those who claim to be qualified for such work. The company believes that It sees grounds for a recovery of assets for stockholders. . On this belief and on the promise to inves tigate, employ auditors, which is the right of j stockholders, and legal services, the concern is busy felling Its service to the stock holders of King's Food. Aside from the purely business aspect of his proposition Mr. Col lier believe that an independent Investigation and , audit of the company will j get farther in re sults than the efforts of the stock holders' committee. His firm, be believes, will j have more money with which to make a ' thorough audit, and also might be inclined to use more drastic action in re covering assets than the commit tee which has had the cooperation of the former ; management of the King's. Food company. For these reasons the financial Investigation corporation is not cooperating with the stockholders' committee, and the stockholders' committee fs not satisfied with the motives behind Mr. Collier's ac tion. The stockholders' represent - - Headquarters for the Farmer On week ends, when the farmers of Marion coun ty come to Salem, you'll find man of them mak ing their headquarters here at the United States National. . j , ,.. . i ! " A convenient place to meet their friends and together talk over plans for better crops and in creased dairy herds, you, too ,are welcome to drop in and join our large banking "family." You'll also appreciate the many facilities jhere for taking care of your banking needs. j atives are working in harmony with the banks that bold secured loans', and in conjunction with the past management of the King's Food company. The investigating firm is working independently and without any unusual amount of interest in reorganizing or saving . the company. It's interest is prim arily in cashing in on a business situation involving affairs of a 'floated" company, and the re sultant attitude of thousands of widely scattered stockholders. The King's Food Products com pany should be reorganized as a producing concern, in the opinion of many who are in a position to judge of its position as a dehy drating and packing concern. Its existence is of some consequence in the fruit and vegetable business Insl Oregon. The stockholders' committee- Is proceeding slowly but surely towards some form' of lehabilitation. It has the bane fit; of able legal counsel. Its in terest centers in giving the stock holders a run for their money through the writing off of losses and beginning over again with the assistance of the interested banks. The committee is interested in the reconstruction of King's Food, rather than In taking advantage of its financial reverses. Some stock holders openly question the ability of jthe Investigating corporation to do! anything for the stockholders that the sqckholdera. cannot do for themselves through their own committee.! .-.':.') : I I NEW CORPORATIONS I Articles of Incorporation; were filed Saturday by the Preble Manu facturing company of Portland, having a capital of $50,000. The incorporators are E. W. Preble, A. C.j Prebie and E. P. Preble. United States Natibnal Bank SaJem.Oregon m STOCK UGH SOLD TO PEEBLES 550-Ac re Property Changes Hands During Week; Consideration $9000 That"; rural real estate is still moving is evident by the weekly report from Childa & Bechtel, lo cal realtors, who have sold a 550 acre stock ranch in Polk county to J. W. Peebles "for a consider ation dt $9000. The ranch" -was the property of L. C. Brotherton, and is located between Falls City and Blackrock. Mr. and Mrs. T. C. Crabtree, of Stayton, have purchased the apartment house at 143. Court, formerly owned by Mrs. L. EJ. WeekSj the purchase price being $6000. A residence at 1134 Front,! owned by Claud Townsend Mattingly for $300. These two deals were also handled by Childs & Bechtel. ! BUILDING PERMITS TJ For First Time in Several Weeks Is in Excess S to 10,000 ... For the first , time in several weeks the building permits issued during; the week rending, Saturday noon, were in excess of $ 1 0.000. Thirteen permits were issued this week by Marten Poulaen. city recorder, totaling $27,650. With two exceptions these were for new dwellings, varying' between $1200 and $4000. One concrete store; building to cost $2000 and a small garage costing $500 were Included in this list of buildings It is easy to get a boy to take a bath.; Just buy a hose and let him water the lawn. KE SUDDEN GAH Classified advertisenibnts have come to be an American institu tionthey vitally concern every member of the family. v t Many men and women have-become habitual readers of classified advertisements ! because they have found it a very prof itable habit, in- deed. ?:.-: ..; j:' M- . : i'' ' ' : . jit- r ; ! r ;n;" Pick up today's Statesman, read through the classified advertise ments and learh for yourself why classified advertising is so impor tant. The Oregon Phone ADAM Phone 1337J . HOUSE WITH LOW 9 i " - -1 i THE TON ASKET "It Isn't the original cost- It's the 1 upkeep.' This phrase has often served its purpose when re-; ferring to a 'marriage license or sister's gift, of a riding habit which required buying a horse; but It never has more meaning than when buildir.K or buying a home. i-And with tiiis in mind, brick and ton are the ay luildlcg maieriala fr lioine,' TISr advantages arc inaal fold, a'ud 'noo ! more cogen than t lie fact ll.i tleyare periaaoently beaut'.fti td th tipVcep expense is at tL very utiuiumni; which means conilraIle saving ievwy year in doUar and ecu!. ; ; Brick homes last t:ir times as long as Iiotumi of m-jrfi temporary constructlun, accwri-tcg to apprai sal engineers. This 1 !'Mir would s'uggest the use of brick,' a'thougn Its cost were twice as great.! But What Is the difference in cost? Sur prisingly little, for estimates ob tained In various parts of the: coun try show that a house of ordinary size can be built In brick at an added cost of from four hundred to five hundred dollars more than the same one constructed of wood. The Tonasket is a bungalow of the type built in all parts of the United States, but designated as. the -Western type" of bungalow. The earmarks of this type consist of u rumbling exterior with wide eaves to the roof and a comfortable looking porch. It Is a five room bun- i'ulow fij rooms plus a breakfast In this room ore especially fnvjiv honk, wiih serves also as a pantry The dining room Is also n very well between kitclien and dining rooms, lighted room. The hallway to. "i lie In exterior dimensions lJie width bed rooms leads out of tlif l;niiu Is twenty- eight feet and the depth room. There Is nn iiliumfntH-e ot forty-one feet. It would fit on a closets ' throughout this well de- voiiiparatively Harrow; lot. ; While signed bungalow. Th Common Brick Manafactarers' AMociation, Cleveland. Ohio, ran furnish complvt drawicx for thii detien. Leaflet on brick contruvti.n acr-t .;-j- rt" Statesman 23 or 583 ENGEL, Builder '' : UPKEEP EXPENSE DESIGN A-533 the porch Is eighteen feet six Inches in length by seven feet In width it does not extend entirely across the Living- viooHi front of the house. Instead it Is cut off so one of the windows In the living room ' will receive hetiei light. The living room Is twenty-; six feet 'four inches In 'leji;cth. a splendid room with ample wall space for furniture. The-windows, THREE BUSINESS BLOCKS ARE SOLO Downtown Property Sales are Reported to Two Real Estate ' Firms 1 Sale3 of three Salem business blocks' were reported for thei week by two local firms, indicating that investors still have faith in the city and -its future possibilities, i Through a double sale, J. F Tyler, owner of the Tyler ;Drug store, 157 South Commercial, be came the owner of his own build ing, having acquired the property from J. G. Heltael, who sold it al most immediately upon his pur chase of the building from James Ingljs. Toe deal was handled by the W. II. Grabenhorst i& Com pany, realtors.. The consideration was $10,000. Two buildings belonging to the Catlin estate were sojd by Becke & Hendricks 4o C. II. Brown, the consideration being around $15. 000. These two buildings are on the south side of State, between Commercial and Front. The building has a depth of. 123 feet on the alleyway. " j MLSS1XG 31 AX TURXS UP ALBANY, Or , July 12.-Ern- est Stewart, whose relatives here believed he was dead, today ended a' case concerning the trusteeship of his estate by telegraphing that he would arrive here from Baker as soon as! he could make the trip. A. A. Taussing, Stewart's attor ney, had heard from him last March when he was at Bates. In Union county. So word regarding him had been received here since that time. ' j The case concerning the trus teechlp of his estate was about to be decided by Judge Bingham. Mrs. Josephine Stewart, mother. fill b I -EP-gOOMrll -DiW!N3 cocwl iol-: ll p P i6-e"xro" - of Good X i and Jbhn and -C. W. Stewart. oroiners. were tne applicants. Ac cording, to Attorney Tnssing, Mr Stewart had grown tired of run ning his big farm and had gone away ka forget his worries. MIXIXtJ imiSK IX ALASKA lARli, Alaska, June 20.x- SE (Mail A revival of mining princ fpallyjfor gold, has been re4 ported this summer on the Kenaii pen insula. across? whose neck1 the Percolators Grills Toasters Irons Fans. Etc. Vacuum Cleaners Ranges We have everything electrical for Home Comfort. Fleener Electric Co. 471 COURT ST. ONLY On ouse double construction in features. Wonderful s reet. A. C. BQHRNSTEDT 147 No. Com'I St. 1 For your new home j you can get thb best Sj Lumber n n nri r? f? rv, 1 ... I r-:,' - I .1:."" WE GIVE BOTH i Also, we deliver when we promise to. J.W. Wrest Salem Yards in West Sa em, adnhill, Cdpeland government's Alaska railroad runs north from this city. Many pros pectors have been attracted to the Nuka Bay section, SO miles south of Seward, Where a discovery was said to: been made at the close ! of last season. Several quartz properties on the peninsula have been sold. The world seems to be peace ful only during those months hav ing a "z" in them. FOR THE HOT SUMMER MONTHS Washing Machines PHONE 980 TTiis South Salem Dutch Colonial with extra large lot and garage $6,250 lasy Terms throughout. Numerous built view. On car line and paved (Phone 577) Salem, Oregon Buildl The Best and Oldest Building Material. buy your lumber where at the lowest price. Yards Phone 576 Albany, Lents, Hubbard, Hillsboro