f N '
:f1
OREGON
V-WwWLLCJ. Rain jn west;
snows.and .raina east , of Cascades; Increasing
southeast and south winds. Max. 43: -Mia 40-
Fcrly ?aj;c3 Tcu?.'
Part Five Pa -1 to 0
'Annual ! News - S ccilc -:
. MM .WiH'i.&f.L!
:': y'Ty FOUHUI YEAH ' , i - SALEM OREGON THUR :
t
V
tr
vmBm
mm FOR
rHTinr ptnTr
ill
iillULOIHIt.
Optimistis Attitude Taken By
, Industrial Life for 1925
Declares Commissioner
f.'arshall
BUILDING, CONSTRUCTION
WILL GAIN 15 PER CENT
Specialized Farm I Is Trend;
Mines ere Active and Rail- -.
roads 'Being Bunt
An optimistic feeling prevades
the Industrial life of Oregon . and
employer generally "are confident
that 1925 will be a jVosperous
year, according to William Mar
shall, member of the state indus
trial accident commission, who
bases his assertions upon today's
Indications that there will be a
greater demand for skilled labor
tn thejjxt twelve months than
was required this year. Building
activities will increase while there
will be a slight decrease in state
highway construction and special
ized farming will be adopted by
more' of the farmers, he believes.
Minning Is expected to -continue
at about the same rate while rail
road construction will be in full
swing in 1925. :
-t- Building to Increase i
"It hr conservatively .estimated
that building construction will be
- greater .by 15 . percent in 1325 in
Portland than during '1924," Mr.
Marshall said. "It la safe to say
that this ratio of increase - Will
prevail throughout the 'state. ' It
i also expected , that . building
. craftsmen will have increased op-
- portunities -of employment-but it
Is anticipated that there will be
enough mechanics within the state
to take , care of the -building pro
gram." j -j- ! a 1i
"There will be a alight decrease
In state highway; construction in
1925 compared with 1924. About
$5,000,000 will be expended by
the state in constructing roads in
Oregon the coming year. The ex
pense of constructing ,the state
roads is defrayed by money here
tofore appropriated. In addition
new county roads are planned to
be built next year, - financed - by
bond issues approximating in cost
$2,000,000, also $20,000,000 to
be expended, for market roads-is
contemplated ,as a part of the
county road building program." :
In speaking of agricultural de-
(Cntinad om pc )
BE ,
i OF DRY UDIT
Open Investigation Is Decid
ed Upon By Senate Com
mittee After Debate
WASHINGTON, Dec. 3 1. Open
investigation of :. the .prohibition
unit which formed the'basis for a
heated disagreement between the
administration and tho senate at
the last session was decided upon
today by the senate committee un
der the chairmanship -of Senator
Couzens, republican, Michigan. :
The decision was reached after
the committee had heard from
both its own investigators and of
ficials of,the international revenue
bureau and "the "f prohibition en
forcement division. A definite
date for beginning the .hearings
was not fixed, but it probably will
be at a time not more than two
weeks distant.
Commissioner Haynes told the
committee that much of the criti
cisms offered had been -justified
but that; conditions leading up to
haA ben- remedied. ' Jie
promised the committee would be
given full cooperation m gei""
ii iha fata -as he said it had
been given in tho phases of the
nnlfv mndlicteil UP to m'a ""'
TV IT AY
lVi Hip heat
wishes tif the
j ear bcf&U you
ani yours for
ORE
PRO
all . Tt-V JhVZL
A TUSIC fails to
iy SOOTIIE BREASTS i;
OF CITY POLICE
Seven-riece ! Orchestra Unable to
Play "How Dry I Am" lie-; i
cause They "Weren't ? :
A total of ; $no was collected
from members of a pre-NewJYear
party - which was ' staged at: 415
North Twenty-third early Wednes
day morning ; and nipped ii j the
bud by Officer Wiles, Edwards,
Davis and Wright. j I ;
v Varied charges of drunkenness
and disorderly conduct were! filed
against the Bennie Johnson orches-
tra, comprising jsix men and two
women, who were staging the im
promptu performance. j
After pleading guilty to charges
filed against them, i Bennie JTohu
sonr' the leader or the . orchestra,
A. Klein and yirgH ; White Iwere
each fined $20 by Judge Poulsen.
Fines of $10 each were assessed
against B. Grif f iyt, M. McDon
ald, Marvel Elford, Mrs. . W. J.
Wilson and Mrs. Rj E. Jones. .
Four . empty boftlea and two
empty jugs, were brought to the
station at the same time thefparty
was lodged in the (city jalljearly
yesterday morning.! j It was claim
ed by the I party that the fmpty
containers had been left there by
some one else. Evidences, how
ever, contrary to this statement.
was introduced, and the chargfe3f4ram.was adopted by principals
drunkenness was pressed against
the three, men..- j 'U : I? .
Evidence gathered by tho police
officials stated that the house be
longed to ' Glen Daughertyi who
had loaned them a key during the
absence of his wife. ..
PILED TO
Adjusted I :Setvice Certifi
cates, Representing $750,
000,000 Sent Out
WASHINGTON" Dec 31. Ap
proximately 600.000 adjusted ser
vice certificates,' i representing
$750,000,000 as part ot the! bonus
voted - f or ; Wofld j war veterans" by
congress, were placed in the mail
at midnight . tonight : by thef veter
ans' bureau, -Promptly as the New
Year begun more than' 250 .sacks
of mail were moved front the post
office to the railroad station. Un
der, the law the certificates were
not to be .Issued before January 1.
By arrangements with;: the' post-
office department a ' postal-branch
was established at the bureau and
as each certificate was completed
It. was addressed, stamped and the
stamp cancelled ready -for the
.train. -.-ji.K'-". ;J. - E
c Thirty! thousand checks ; for
amounts ot $50 or less, .represent
ing the cash payment for Soldiers
who served' only a short period;
have been prepared at the bureau,
but these, under the law, are not
to be mailed out until March 1.
In mailing the insurance cer
tificates;! the only preference was
made to those Teterans who have
died since applying for the bonus.
These total not more? than 700,
and beneficiaries ot these .'soldiers
may receive pajvmqnt immediate
ly. 'The certificate, properly in
dorsed, together with proof of
death, of the soldier, must be re
turned to the veterans bureau -be
fore payment is made. Payments
on any other certificates re not
to -be made before March Ll. -
Director Haines estimated to
day that from frov on abbut 20,-
000 certificates will be k mailed
daily. A day force of about '300
clerks and a night staff i of 100
are handling the job. . j
mi mm
? ''hi H.' ' ! ! y - '-if. :
' . ' I ". 'j r ", i J i - - j
Incumbent Is First Mayor to
'Succeed, Himself fori Great :
t l j Many Years!
Mayor ; John - B. Giesy took his
oath of office for. his second term
Wednesday, the first; mayor to
succeed himself in a great many
years, ;eo m4ny.4f lnf fact, -that
Judge Peter JL. D'Arcy4who was
called out of bed: last night, was
unable to recollect the iname Of
the last mayor to be so honored
Judge D'Arcyj was may0r in the
early days. Ooth of ofrice was
also taken yesterday, bjr Martin
Poulsen,1 city recorder and police
judge, and C. O. Rice, city treas
urer. A ?h ":;f I
Heads of other departments.
such as chief of police,- chief of
the fire .'department, and Lthe . re
cently elected city officers and
aldermen will not be Bwprn in un
til after they are duly elected at
the firt. meet ins of tbejclty, coun
cil tL'.3 donth. j
CERTIFICATES
A
D AT H
0 0 CB
CHURCHILL IS
CRITICIZED B?
LOOQY
Association Adopts Resqlu
- i tion Disapproving of .State
; Superintendent's Normal
' School Policy
PLAN. HELD MAKESHIFT .
"BYSCHOOLSSOCIATION
Oregon State Teachers' ...Con
. f erence Closes Session i
With Speeches
" PORTLAND, Or., Dec. 31-A
resolution, which in effect, criu
Icized J. A. Churchill, state super
lntendent . of public instruction
fory sponsoring a branch .normal
plan rather than insisting ion a
comprehensive normal school nro-
and superintendents at the cul
mination of long argument at' the
closing j session ' of the Oregon
State Teachers' - association today.
Mr. Churchill's plan for 10 j or
more normal courses to be carried
on in connection with high schools
was termed yb, the school men an
inadequate makeshift, although it
had been carried as a provision of
a conference resolution earlier' in
the session, v-r: ... ' ". i i .
Action followed a disagreement
as to policy between Mr. Churchill
and .J. S. Landers, president of
the Oregon formal . school and
was a criticism of the state super
intendent's action insofar -as it
carried -with it the expression that
the branch normal plan would be
fatal to any hopes for a new nor
mal school in eastern Oregon or
southern Oregon - or to increased
appropriations for equipment at
Monmouth, - ,t- -. !
Many of- the-delegates; let t for
their homes at : the close- of the
convention after a day of depart
mental conferences and speeches.
The last meeting was held in the
afternoon, with Chaplain John W.
Beard,- representing the American
legion, Miss Mabel Carney ; of
Columbia university,; Newt York,
and Thomas W, Dutches, presi
dent of the Kansas State teachers'
college1, as speakers.; ,
Formality of confirming, the
new officers recently chosen was
carried through and th efollowing
were installed : :
Cornelia " J. Spencer, Portland,
president; J. S. Landers, , Mon
mouth, - vice ! president; l Susanne
Homes-Carter, Jacksonville;. H. E.
Inlow, Pendleton,- ad George Hug
Salem, executive committee.
IHSTO
BE ARGUED SDOn
Covell'and PeareHearings
Before Supreme Court
i cSet-f orchis Mdntffi i
. - , ,i ", i . . S. "
i , Two cases Involving, the lives ot
inmates of the state penitentiary,
both ; of - whom are from Coos
county and under sentence ot
death for murder, have been plac
ed on the supreme court calander
for this month, Authur S.- Benson,
clerk of the supreme court,' said
yesterday. f ; .
The f Irs t1 of ' these" is that of
Arthur Covell, ;whoA Is charged
with killing his sister-in-law, Ebba
Covell, at Bandon on September 3,
1923. ' Arguments on appeal will
be heard; January 1 3. The other
case is that of L. W. Peare, of Co
qullle, who is charged with killing
his wife and neighbor, James Cul
ver, on Decern ber 27, 1922, a little
more than two years ago. II At the
time of the murder Peare evident
ly run amuck; records show for he
killed several barnyard i fowl ; at
the same. time. . Arguments .for
this case are set for January 20.
Covell" ia an astrologer and par
alyzed from the waist down.. Imp
licated with him was-Elton Covell,
a nephew, about 17 years old, who
is serving a life sentence at the
state prison for the same crime
Records at the supreme court
show that Peare was tried for the
slaying of Culver and not his wife.
APPLES ARK FROZEN
WENATCIIEE, Wash., Dec. 31.
Many carloads of apples - ship
ped, from ,hereearly .this,. month
arrived in the east frozen, most
of them a total loss, according to
word received here today. Some
si f r ts. "were ..trcsci-'jrrlii,- ,It
SCH
TRENCH DRINKING
r SEEMS ON DECLINE
DEALERS WORRYING
1034 Figure Allow One . Gallon
X Per Week for ; Kach Man, ,
" Woman, and Child
PARIS. Dee. 31. The people of
Paris, during the year ended Oct.
1, drank .10,000,000 fewer liters
of wine than1 they consumed in
the previous 12 months, but even
so the 1924 figures provided a
gallon a week for evjery man,
woman and child in the city. And
these figures' do not 'include beer.
- Wine merchants, however, are
not down-hearted. They look, to a
cold winter to stimulate the de
mand, and they are ready to sell
champagne to the foreign visitors
who are - coming to Paris in In
creasing numbers.
IIN StXPLAXTS GIX
SAN FRANCISQO, Dec -31.
Din, rather than gin, featured the
more obvious1 aspects of the cele
bration) here of the debut of 1925.
Ice and Snow Cost Accident
Commission $25,000; i
Falls are Numerous
' O
' I .- . . " . - . '
- Accidents traced . directly to the
cold weather during .the. last two
weeks is expected to cost the state
accident commission between $25
000 and $30,000, it was estimated
yesterday. I Of the fatal accidents,
one occurred to an auto truck
driver in Portland when '.his ma
chine skidded on the icy. pavement
while coming down a steep grade
and another worker was drowned
at Albany: while attempting to
keep a -spillway at e power plant
free, from the Ice. There. were
also other fatal accidents in which
weather conditions were important;
factors. : : . j -1
Falls ' resulting from snow' and.
ieer conditions 'caused the greatest
number ot accidents. Included In
this group ; were workmen who
slipped from logs, from wood piles
and boards and on floors covered
with ice. i !: ... . " . r
One workman was incapaciated
when a large icicle struck his foot!
and another was injured by a fall
while breaking an ice jam in an
irrigated canal. A number hoi
eases of J frozen fingers and toes
Vi F - '-9
were also reported and in one in
stance a! worker, while disabled
from a Previous injury, fell on
the ice and re-fractured two r!bs
The . accidents reported to the
commission ; do not include lthe
vast number ot accidents which
occurred! to persons not coming
under the attention of the cotti-
miaaionJ At least one of these
was f ataH that of a small boy. be
ing killed in Salem while coast
ing In the I southern part of the
city a little more "J than a ; week
aeo. Several local, peopie were
also Injured by falls, of whom the
greater ieortion .were women en
gaged in Christmas shopping.
' jl '. p I
, WILL NOT FKKSS UMJULt l r
WASHINGTON. Dec. 31. With
senators pressing their efforts to
bring together representatives , pi
railroad i labor and the ailroaas
on compomlse legislation on waga
disputes;! supporters of the now
ell-Barkley bUl, ,to aocaisn jwe
railroad labor board have decided
to abandon their efforts to press
the measure in the house next
Monday,. -' -,: : ;', ''T
SIlEF
MiMiffHt Wedding
As Bells Ring Wicoine
To New
Wedding bells mingled with' the
fhlmn or New Tear bells aS 1925
was welcomed to Salem last night
as the first wedding of the year
was held at the Colonial Dame Tea
Shoppe : at midnight when Miss
Clella Curts became the bride of
Richard Fish. The ceremony was
performed: by Rev. R. L. Putnam,
pastor :of jthe Court Street Chrlstr
lan church. Miss,; Nellie Carta,
sister lot the bride, was brides
maid knd Tom Allen was best
man. . I; -; j ' ' '. tM
Only immediate relatives were
present for the wedding, which
was f marked by simplicity. The
bridegroom's parents, ' Mr. aad
Mrs: L. C. Priem. iwere present.
Following a wedding sapper ' the
young couple left on a motor .trip
to Seattle, where they will spend
their honeymoon. . ' W : i
.Noise knd jollification, - featur
ing tin horns, paper caps and con
fetti kept a big crowd at the ar
mory in I good humor, where i the
Veterans of Foreign Wars were
i stasir.T" a beet fit" dance." Otter
UMP EXPLOSION
RUINS CLOTHING
WORN BY QUARTET
t
Sediment From Filtered Gasoline
- ' Sprays Men and Women ;
Sediment from filtered gasoline
liberally sprayed Mr. iand Mrs.
Fred Blgler and ; Mr.L and . Mrs,i
oeorge EichtkWhen.a safety valve
of the pressure tank at the Great
Western garage on North High
blew open. :-'All members of the
party .received considerable dam
age to . their - clothing I and slight
personal injuries. j
Damages were settled out ., of
court yesterday by the garage
oTyners, who agreed to buy. new
clothing to- .replace, the, articles
ruined, by the explosion. The accl
dent'occurred Tuesday night. , A II
There is no city ordinance rela
tive 'to. neglecting gasoline pumps
and r it Is said to be a, common
practice to leave the safety valve
open while th,e pumps are in ac
tion. ' .
IS If EASED
Uncertainty Removed By Of
ficial Information From
US Ambassador
WASHINGTON, Dec. 31 The
Washington , government was : in
possession ? tonigt of official In
formation transmitted by Ambass
ador i Herrick in ' Paris after his
conversation with - Premier Herriot
and M. . elemental,. French finance
minister, which obviously removed
much of the uncertainty that has
characterized discussions of the
Franco-American war debt. '"
Ambassador Herrlck's report
eased tension in quarters where
debt .interest predominated but
Urom none, of the administration
officials .was- any y, word forthcom
ing concerning the contents of the
Park rabies, Bqnrould.-state de
partment officials admit even the
receipt of such .reports. Inquiries
there were met with flat state
ments that the subject of Mr.
Herrick-'s report was not one -that
could ho .commented upon. 'Un
official advices J from Paris recit
ing the statement of M. Clementel
to Ambassador Herrick in which
the i French minister ; Tecognized
the1 oblfgation . of his. government
to the United States and declared
its j intention to honor the debt,
were received by administration
leaders with no little satisfaction.
The statement that Ambassador
Herrick had transmitted M. Ciem
entel's remarks I to Secretary
Hughes, ' however,! produced only
a reiteration of tjhe department's
decision "not to fcomment." j
- -i ; ,. V " " )
CAPITAL WELCOMES 1025
WASHINGTON! Dec. 31. -The
year 1925, arriving i Washington
tonight,-recelvedJa hilarious wel
come from the city's population
but found the capital's most dis
tinguished president, Caivm joo
idge, sound asleep.
: SHIP UNDER TOW
1 T ries AMfiKTES. Dec. 31.-4-The
r raeel Jananese liner Ginyo
Maru, which caught fire early! yes
terday morning otf the west coast
ot Mexico, was proceeding slowly
tonight to Manzanillo in tow of
the Pacific Mail; motorshlp City
of San Francisco f
dances were held by the KO club,
a high school' , organization, at
Derby hall while members of the
Illlhee Country. ; club, frollced at
turned, out for the feature J mid
night matinee at the Bligh sthea
ter while numerous private parties
were staged : throughout the! city.
The - celebration was orderly
throughout the city, as wasjtesti
fied to by the police blotter at midnight.;-;
s:t: i'-:f:i i-v t-hj
: Watch meetings were held In a
number ot Salem churches.r with
socials and derotionals held' prior
to midnight. Young people of the
First Methodist; church gathered
for a social at the home of Dr. M.
C Flndley while" devotional , ser
rlces will be ' held at the church
tonight. Two masses win bb read
at the St. Joseph Catholic church
this; morning and a dinner and
getaequalnted meeting will be
staged at the Jason Lee church
today. Tbi3 affair is in the na-
DEBT TEH
Held
Years
Ajnval
: . a
jturo ci a rauy uay ts-crt;, - a.
iei iiiiiLei;:
IGOiiiDE
IL' LIST YEAR
Annual Report of City. Re-
corder Shews 444 Permits
- Issued; Total Investment
Is $1,843,856
CLASS OF STRUCTURES
! EXCEPTIONALLY HIGH
All Residences. Churches and
Business Blocks are
Strictly Modern
' All previous building records' In
Salem were, smashed this year
when the previous high water
mark of $1,285,732, in 1923, was
exceeded hy nearly 3600.000. Fig
ures for 1924, as completed yes
terday by Marten Poulsen city re
corder, show a financial outlay of
31.843,855 for new. buildings. The
high class of the buildings, in
cluding business blocks, churches,
homes and manufacturing plants,
is notable. : j - .
Buildings Are Listed
Permits for buildings and struc
tures of the better class issued
during the year were to the .John
Hughes company, hotel and store
building, 340,000; Charles Wel
ler, store building, $16,000; Cur
tis Choss residence $15,000; F. N.
Derby,' warehouse, -$15,900; Mrs.
Claudius Thayer, residence, $15,
000; 5T. A; Llvesley residence $65,
000; Unitarian church, $25,000;
J.' L. Parrish Junior high school
$166,000; W. T. BtgdfTTrSogK
mortuai
; JpJmJ-B4ah
gars
r f1g )ftflT ,fp Mc-
garage -$12,000; Otto
Klett, store and natatorium, $22,
000; E. Eckerlin, store $ 10,000 ;
John Palmer ; apartment,. $12000;
H. Pohle & Son store, $15,000;
St Joseph's Parish house hall,
$10,000; . Salem Lodge No. ,336
Elks temple:, i$17 0,0 00; . Capita)
Ice & Cold Storage, warehouse and
plant, $20,000; .Welder , Brothers,
laundry. $15,000. s v j
April Building Montb;
.; During 1924 there were a to
tal of 444 permits issued amount
ing to $1,843,855. The month,
(OoDtinted on 7)
STILL HESITAFJT
Less Than 40, 000 Plates Is
sued to Date; 1500 Given
;; Out Wednesday
WmHBHHMHW ' " - j V. ! '
Less , than 40,000 ot the 1)25
automobile license plates had been
Issued from! the motor vehieledl
vislon of the secretary of state's
office Wednesday, thouh approxi
mately; 1500 plates were received
by Marlon and Polk county resi
dents during, the day. These fig
ures do not include the plates Is
sued from the branch office- in
Portland. ? Applications number.
ing around 2000 are being receiv
ed In the mail daily. j
" -The longest line of the season
was formed at the state house
yesterday doubling the office door
across .the lobby . and - down the
hall toward the south entrance oi
the capltol. '
I Though all other offices at the
state house will he closed today.
because of New Year's, the issuing
of the license plates will be con
tinued and ! the motor vehicle di
vision will not enjoy a holiday to
day. The office will open Bhortly
at 8 o'clock this morning.
Man Believed to Have Lost
Life In Willamette Flood
EUGENE, Or.. Dec. 31. i-i
Charles Adler, salesman' for Stew
art & Holmes, Seattle wholesale
drug house. Is believed to have
met death yesterday In the over
flow of -the Willamette river here.
He was .returnirig to Eugene
from Coburg, six miles northeast
of the city, where he had beea
taking orders, and his car evident
ly stalled When he was negotiat
ing road covered two or three
feet vdeep with flood waters..
Sheriff Frank c. Taylor believes
Adler stepped out of his car into
a ditch on the .right hand side cl
the road and was swept away, by
the rushing current and drowned.
All of the man's papers and order
books were iound In the car. Ila
could nnt be located in any of the
tpAITlUN.itoUtf
A - NATURE US LOST; ,
GOLD LOSES TIN
Suspicioiw,. Attitude JKesuItS j tn
MisplacedConfidence; 91SO .
in Cash JGone t V
-Iron . Dars jnay jaat.t,. .prison
make but they sometimes break
friendships, for when Sam Gold
appeared, before -Martin Poulsen.
police judge, Wednesday he found
that hii fellow cell-mate M, Mason
had indeed ."done , him. wrong."
Gold and Mason, in company- .with
two women, ;. were .arrested in a
local .rooming, house sand charged
with - various violations ot the . law.
Gold possessed a. illttle more
than .$i2Q.ip .cash when he a.nd
Mason 'Mned jap ihe. party" iGold
was suspicious that bis .Jady-frlend
might not be strictly on the. leel.
so turned over two $50 bllls And
a $20 to his -pal, .with instructions
to place. the money 4alde the hat
band, as i he Gold was wearing ,a
Upon being arrested ;and search
ed at the police station,-the mon
ey .was found In possession of
Mason, and the amount credited to
him.: . i yn . ii' '
Learning that .; ball was J$Q0
forrhimself and -$10 for" his ;girl
companion, Mason : got in touch
with Clhief of Police Frank Mlnto,
and obtained their liberty upon
funds provided by Gold and with
out the latter's knowledge.' Gold
was later released upon bail fur
nished by a near-reiative.
Wednesday afternoon Gold ap-
neared before 'Judge Poulsen to
learn if Mason -had yet appeared.
He learned that -Mason had not..
Gold also .told the police Judge
that he had heard Mason had fil
led up his gasoline tank and Jiad
offered a check, which later prov
ed worthless;
Now both the police and Gold
are
seeking : the ; missing Mason,
who forfeited
Jumping. bail.
Gold's money In
Last Act of State Treasurer
Places Department un
der Spence o
Beforej Jefferson Myers official
ly retired from the offce of state
treasurer Wednesday he notiied
Governor Walter .M. Pierce - of ,the
transfer of the .weights and meas
urers department from ,tbe treas
ury department to the market &-
gent's department and that he had
received a receipt for the equip
ment from C. E. . Spence, state
market agent.
The Question has arised .as to
the legality of the transfer before
January, 19 2 7 and another ques
tion asks whether; transfer should
riot have been made at the time of
the death of the late State Treas
urer Hoff . on March 18. x I ' I
Legal action may , be necessary
to interpret the full meaning pi
thej law, which , specifies in one
place that the department oi
welgnts ana measures uu ,
main under' thetreasury depart
ment "during the Incumbency! of
the present state treasurer." O..P.
Hoff was treasurer whenfthe law
was enacted, the text of that sec
tion; would make it appear that
the- transfer should , have been
made at Hoffs death. In another
place the act reads that the trans
fer Is to be made "at the" expira
tion of office" of the present
treasurer, , whose I term, . had Mr.
Hoff lived, would not have expired
until Jaanuary, 127.
FIHIMEB
KED TO CLOSE
Failure of Banks Is, Laid to
Combination of Causes; ;
' Money Withdrawn
DES MOINES, Iowa, Dec. 31-
A combination of causes. Includ
ing uncertainty as to abrogation
rights, of surety companies " guar-
anting deposits, the probable with
drawal of large 'sums of public
money because of failure' of banks
to obtain depository ' funds- from
their public moneys and shaken
public confidence was assigned
by ; various officials ton Ight for
the series of bank suspensions In
Iowa today. . . '.
Five banks closed their doors
during the day! or two of them
were j turned over to -the" state
banking department, which, it was
announced will exert every effort
to protect the Interests of the "depositors.'-'
These two ---were t :e
Commercial Savings and the lie-
IMS CUBES
KIGHTBUB
CflODIlDI;
WEDSIii:;
IS EXCELLi
Secretary" Hoover Dc:!-c-
fJewi iYear; Finds AVh:!:
.World on More Sc!ld Eco
nomic Foundation r
REALADVArCESHOivn
M A70RLD STACILITY
1925 Is Faced With Sathf-c
tion; Better .Material
! Conditions Expected
. WASHINGTON, Dec. 31. "Th j
ney. year finds the economic struc
ture .of the world upon more sol I i
founoaUons than at any tlmo
since the war," Secretary Hoover
declaredMn a statement tonj-y.t,
analyzing the business, industrial
and financial situation In the Unit
ed states and abroad. By Hi
showing of recovery in Sgrlcultur
al price levels recuperation ii
Germany based on hopes of repar
ations settlement, the Increase ot
consuming power at home and a
broad. adaijaUcrbwing im
provements -in-international tratia
and employment of workers, tha
secretary said, population of tlUj
country and the world In general
faces a new year of existence with,
satisfaction and hope of bettered
material conditions. -
I Advance Shown
"With the exc4ption of a few
things of secondary importance,'
the statement said, "there has
been during the past year, a real
advance toward social, ecor"mic,
and political stability; throughout
the wOrld. The only exception
are Jtvusia and China. .' which even
before the 'war contributed 1c i
than )3H per, cent of International
Commerce and of course a part cf
this continues. ' ; ;.;.
fGenerally the world Is produc
ing, more .goods, there, is '.fuller
employment, there . are higher
standards of living, more assur
ance of economic stability for tto
future and more promise of peaco
than we have seenf or many years.
The .world is by no means free
from liability to economic chock.
yet. the forces today in motion all
tend, to great promise for tha
forthcoming year. i
"In -our own country the out
standing economic development
of the year has been .very, .lar-a
recovery in agrlcultual after i t
two years lag behind the recovery
of Industry. There are some sec
ondary difficulties still rer-ialr.'r -
but the prices of all farm product a
are generally coining toward tLa
geneal average of commoiity
prices. '
one His
jCrest jof Present FIccJ !
Reached; . Viilrn I'd
Stands at 14.1 FcJ
Though the "Willamette rlv;
rose .3 of a foot Wednesday ;
stood at 14.1 feet last night, v r
from the weather bureau at r t
land predicted that the river wr !
begin falling today havios Teii
the crest; .pf ;the present f
stage. Late reports from c
river cities were that at IZ::
the iver stood at 11 feet, I. V.
8.3 feet at Jctferson and fall:
and j 15.4 feet a Albany, v,"
It was reported slowly ri.ir T-
POPwTLAXD. Dec. 31. :
conditions throughout v
Oregon occasioned by reccr-t
and rapid msltlng of snow, t
were reported much Irnf rcv
streams everywhere were f
Ice which filled the . ..
and Columbia rivers Is fast L
ing'up. and shlrpln 1 '
Portland and the eea. wi3 i
without nerfotis difficulty.
mnm
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