f
THE
OREGON STATESMAN. SALEM, OREGON L
4 -. .j
SUNDAY MORNING, NOVEMBER 8, 1923
lit J .
iks mm
governor ? fierce Pomis Out
, - That. Property Is Not As-V
sessed 100 Percent
, .. '
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- law- provides that very
c6onty assessor In the state shall
assess pro fertf la his county, at
10 pr flt f lis value, tout It
hni bwja found jy experience that
'.'afictubrs.'do not comply vwlth this
rplttirement. .Fpf that, reason, the
lawproyWes that :.the 1 state tax
commission, consisting of the gov
ernor,, the secretary, of state,: the
state treasurer and 'the state tax
commissioner, shall meet annual
ly,, take testimony, examine into
the. facts and. fix a. ratio showing
at what percentage the property
has been' assessed in each county.
Conforjaing to , that law, , the
stale tax commission, at the regu
lar November: meeting. In 1924,
fixed .v4 2 per cent as the ratio at
which the County ., assessor, of
Clackamas county, .had assessed
property In . that, county, and 55
p?r cent as the, ratio at, whicK the
assessor .had assessed property In
Multnomah county, the Jaw! furth
er prof Ideg , that the property of
public utilities'. shall be assessed
by the state tax commission at Its
.1
' .Stdre.Closed Ali.Day JYies-Arm
t r I,-
. i -- -;-
Spirit of
Day
The
qnksg
iving
actual ralueimd this amount i$
then T reduced by . using the raiio'
that the county assessor used inj
assessing other property in the
county where the public utilities
are operating. f
. The following table shows, for
the past four years,, the amount
assessed against the Portland,
Electric Power company by the,
state tax commission and the
amount upon which that company
actually pays taxes after the coun
ty ratios are applied:
After Applying;
County Bsdios
$14,479,824.9
19.246,753.01
20,035,447.40
3l.000,000.0
(Approx.)
, The value fixed upon the prop
erty of the Portland Electric Pow
er company by the Public service
commission of the state of Ore
gon, upon which that company is
allowed to earn dividends, is H,-
oid,zi5.6z. Tne actual selling
price of the stocks and . bonds of
the , company is approximately
161,000,000. Their operating in
come for the last few years has
been as follows:
is Now About Us
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In most every home will be special house guests.
Every housewife is anxious to have everything as
.correct and attractive as she can possibly make it.
FiM $ed Spreads
In H Great Variety of Haridionie
Patterns
S3;98 $4.49 $5.98 r
$6.49 $9.98
Here are just the ;kihd of . handsome spreads that
every housewife prefers in order to make the guest
chamber ook neat and well-kept. Here are stripe
effects of all kinds-tinted honeycomb weaves and
also in plain white.
Striped Crinkle bedspreads in colors, ,60 ,QQ
'.These are of large, size, 81x108; colors are yellow or
r pink or blue with ecru
($ttt ATeiktroATki tEdtgZZj
Amount
1922 125,490,064.53
1923 85.972.412.60
19S4 S9.430.092.90
1925 41,965,059.10
1922
1923
1924
...$2,849,603.23
... 3,210.478.91
.... 3,326.193.43
: "CAN Ad po". .
KALEJl STORK PORTLAND SILK SUOP
466 SUte Street 383 'Alder Street
The foregoing figures represent
the net earnings after all operat
lag expenses have been paid. The
figures show that the Portland
Electric power company earned In
2 4 a little less than 5 per cent
upon the amount fixed by the pub
lic service commission as the
amount upon which they could
earn dividends. The, net earnings
of $3,326,193.48 for 1924 is more
MOTHER!
Child's Harmigss Laxative is
"California Fig Syrup"
ii :r
than 15 per cent of the amount on
which this company will pay taxes
In 1925. In other .words, their
net earnings, after paying all op
erating costs and alt overhead, ex
cept, interest and dividends on
stock, is more than 15 per cent of
their .taxable value. This ia far
in excess, of the earning power of
the ordinary property upon the
tax rolls" of the state of Oregon.
Only, a rery small percentage of
the real property In this state is
earning, anything like 15 per cent
upon its assessed value.
Another conspicuous example of
under-assessment is that of the
Callfornja-Oregon. Power company,
reflected in the following figures:
Amount
Year . Assessed
1922 !,24M37.00
1923 2,125,137.00
1924 3.05O.52.H
1925 4,050,751.00
After Applying
Conntjr Ratio.
9 851,039.21
1,363.272.33
1.960.87tt.B
2,400,000.00
( Approx. )
The value fixed upon the Ore
gon" property of the California
Oregon Power company by the
public service commission, upon
which that company is allowed to
earn dividends, is $5,892,615.94.
Their operating income lor the
last few years has been as follows:
1022
1923 ....
1924 ....
.$180,030.39
. 288. 609. 96
. 427,651.85
fortunate few at the expense of
the general taxpayer. , . j .
."I believe that all property
should be assessed at the actual
value, and that utilities should be
assessed at an amount not Mess
than' the amount fixed by the pub
lic service commission upon which
they are allowed to earn diri-
dends."
NEW BOOKS AT
PUBLIC LIBRARY
field Farm," H. F. Orton.
I "The Boy Captives of Old Deer
field," M. P. W. Smith.
i "The Boys With Old Hickory,"
E. T, Tomlinson.
"Scouting intlie Wilderness."
E. T. Tomlinson.
. "Cudpo's Cave," J. T. Trow
bridge. .
"The Weaver's Children," Era
Wilkins.
"Fairy Tale of a Fox. a Dog.
a cat. and a Magpie," Lois Bates.
"TUe Green Falry Book," An
drew Lang. ....
. . "Flnofchlo," Lorenzinl. "
"Old Fashioned Fairy Tales,"
M. F. Wfishburne.
"Jinvmie," (a story of a black
bear cub) E. H. "Baynej.
"When Mother Lets Us GiA a
l arty," E. I. Yale.
' The Filed Third , Reader, W.
T. Field.,
When a child is constipated, has
wind-colic, feverish breath, eoated
tongue, sour stomach, or diarrhea,
a half-teaspoonf ul of genuine "Cal
ifornia Fig Syrup" promptly moves
the poisons, gases, bile, souring
food and waste right out of the
little bowels. Never cramps or
overacts. Babies love its delicious
taste.
Ask your druggist for genuine
"California Fig Syrup" which has
full directions for infants and chil
dren plainly printed on bottle. Al
ways say "California', or you may
get an imitation fig syrup. Adv.
iutWlltittlltUUMMttilii
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OtttlitaHiiw
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peciial.
'Events
TMs Week's
Selliig
'Bqrgain-BepatflHient
2nd
Floor
GitW Oxford
i In Patent-Tan and Combination of Patent and Tan CQ
.l Real snappy numberssecond floor. v0
Silk Hose
; -it? z ;: v Kew, shades every pair guaranteed
Misses' Youths' High Cut
' Sizes 8Vs to 2's, Built solid for every day wear
' ; v Second floor........;l..... .
..98c
$3.49
tadids Felt Slippers " I -
; . ' '. A; splendid assortment of colors. All sizes
. . Second floor.;.....:.:.l...;.:....
98c
Misses Brown Calf Lace Shoes .
' Panco Soles for Scrvice sizes 8 Vito 2's
- Second floor......... ..-.-.........
$2.95
BJSTJR
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In 1924 the California-Oregon
Power company earned approxi
mately 7 per cent upon the amount
fixed by the public serylce commis
sion as the mount upon which
they could earn dividends. The
net earnings of $427,651.85 for
1924 is more than 15 per cent of
the amount on which this com
pany will pay taxes in 192 5.
"The foregoing figures repre
sent two conspicuous examples of
underassessment of the property
of public utilities in the state of
Oregon," Governor Pierce said
Saturday. "That this method of
assessment applies to other
utilities in the state is proved by
the fact that during the past year
there has been invested in snch
corporations in this state over
$26,000,000, and the total raise
made by the state tax commission
er on all, utilities in the state for
1925 is only $14,000,000, which is
extremely low wtten we consider
that all of these properties are
paying dividends and their rates
are regulated by the public service
commission of the state so that
they may make dividends and pay
all of their costly overhead. They
should bear their equitable portion
of the tax burden.
"It is my judgment that there
should have been a material in
crease over the assessment of the
state tax commission on the prop
erty of such companies for the
year 1925. Being only one mem
ber of the state tax commission,
it is not in my power-to raise the
values assessed by the tax commissioner.
"The argument that it is neces
sary to give public utilities ad
vantages over other property, so
that they may show to eastern
capitalists that they are earning
arge dividends, thus encouraging
the investment of more money,
does not appeal to me. It is just
another form of subsidizing a rich
corporation for the benefit of the
-"The Professor's House," Willa
Cathec
"The Red Lamp", M. R. Rine-
hart.
"The Little Karoo," Pauline
Smith.
"Callinicus." (a defense ot
Chemical warfare) J. B. S, Hal-
dane.
t "Youth in Conflict," Miriam
Van Waters.
h "My Ford; Its Care and Repair"
H. F. Blanchard.
"The Messiah," G. F. Handel.
"Civilian Seamen in War," Nel
son Collins.
"Recognition of Soviet. Russia",
J. G. Hodgson.
For The Children
"The Boy Scouts of Bob's Hill"
C P. Burton.
"Two Alike," E. B. Delano.
"Animal-land Children," Mar
garet. Flora.
"Jack Among the Indians," G.
B. Grinnell.
"Jack the Young Ranchman,"
G. B. Grinnell.
"Famous Stories Every Child
Should Know." H. W. Mabie.
. "Prince and Rover of Clover-
Health Restored
by Radium
Thr wonderful curative power of Radi
um has been known for years. However,
the benefits of this precious hcalthgivine
substance have in the past been only
within the means of persons of wealth.
Since th invention of Defcnen'a Radio
Active Solar Pad, any man or woman,
poor or rich, can afford this treatment
which offers so much relitf from suffer
ing and disease.
Oeenen Radio-As-ti-.e .Solar Pad is
worn next to the body day and niflu.
It pours a constant stream of radio-active
energy into the system while you work,
play or sleep, helping to build up weak
ened nerve and tissues to a strong,
healthy condition. It -rcat"s a rigorous
circulation of blood, thus removing con
gestion, which is th real canse of most
diseases.
To prove just what t!iis remarkable
treatment can do for vou, we will send
our appliance on tritl with the under
standing that we will not charge you a
cent if it fails to give satisfactory re
sults. This offer is open to any person
woo has pain of any kind, nerve weak
ness, high blood pressurt-. stomach, kid
ney or liver eomplaint. Madder trouble,
or disease of the luns or heart.
No matter what your ailment or how
long you have had it, we will gladly let
you try the appliance at our risk. Write
today for free literatnre giving complete
information. Radium Appliance Co., 126
ltradbry Bldg., IjOs Angeles, Calif.
-MACHINIST IS KII.LKI
WALLACE, Idaho, Nov. 7. C.
E. Puckett, 4'S, a machinist at the
Coeur d'Alene foundry company's
shop here, was killed this after
noon when he was dragged into a
lathe machine after a sleeye of his
shirt had been causht in a revolv
ing shaft. His neck was broken
and he died while being takpn to
a hospital.
fills fiatorrh Germ x
. Chronio catarrh, no matter how. bad.
and c&aea ot bronchial asthma now
yield instantly to the amaaing discovery
of a- French scientist. Tbia drurlcaa
method called Lavex kills th germ in
. three minutes, yet ta positively jiRrra
! lean to the moat delicate tiamiea. Yonr
head and lunga are cleared like magic
Sufferer are relieved In a single night.
,To prove it and'to introduce La-vex
to a million sufferer In one, month, I
offer to send a treatment free and
postpaid, to any one who will wriU for
It No obligation. No cost. If it cares
yoo. jrou can repay the tavor by telling
yur trienda if not the Joss is mint-.
No matter what you have tried, Ju-i
and me your name and address for
tnis geoeroas free treatment and. prove
that yon can be rid of catarrh. .
w. S. S--aTH. 6727 lw Wf.
Kansas City, Mo.
SMILES
Tell a story of relieved eye-strain.
Oflr Eye Glasses, carefully pre
scribed and accurately fitted, make
"looking pleasant" an easy job. Any of our pati
ents will tell you what it is to enjoy eye-glass
satisfaction. We insist on giving you just that.
Pomeroy & Keene
Jewelers and Optometrists
Salem, Oregon
This Year's Song Recital by
ELIZABETH SPENCER
This is a golden opportunity for
Salem to hear the famous soprano.
Assisting her will be Lucile Col
lette, well-known pianist.
Miss Spencer's apjpearance here
makes it possible to perform an in
teresting musical experiment. In
some of the numbers the famous
artist will compare her voice with
its RE-CREATION by Mr. Edi- r
son's new phonograph.
Next Tuesday November 17
at 8:15 P. M.
ARMORY
A number of complimentary invitations are
available for this special concert. Call, write,
or telephone for them, at once. They will be
issued in the order of application at
Geo. G. Will Music Store
432 State St., Salem, Oregon .
J?
Save Time and Work
with this
Floor Set
V. with this f
Fuller Dry Me
FulUr
Wet Map
Use the Fuller Dry Mop ea your floor aad
the dost disappears a if by mafic. It keeps
floors polisbod, too.
The Falter Wet Mcp snakes floor scrubbing
easier. R is Hcbt, absorbent aad easy to
Watch for the FuKc Mas who ormoiutratca theae two
labst aatriog Fuller Mopa. He'll oil oa yoa asoa.
Telephone 707
Have
o
ft?
Schaefer's Herbal
Cough Cure
The Best v
and most Economical
Cough Remedy Made
. CCHAEFtR'C
drug storb O
The Yellow FrontPhone 187
135 ' North Cotnmcrdal Street
The Penslar Store
t ,
-
Thousands Thronged
Dispersal Sale of Surplus
Stocks Friday and
Saturday
WE'VE BROKEN ALL
SELLING RECORDS!
One Cent Shoo Galo
continues to draw crowds to the season's
greatest Footwear Event. Monday you'll sec
many' lots reduced again below, the former
low nale prices, and many additions in the
One Cent groups of Women's Shoes.
!
Men ! Don't Forget Our
$1 Dollar Suit Sale
The present cold
weather should prove
an incentive to every
man to procure a suit
and overcoat for the
regular price of one
garment. LOOK
$20
and
$30
ism
S.ij.Jr.V.
1
SUITS
and
O'COATS
j.
An extra f0 or $30 Suit
or Overcont for only
Watch
Our
Windows
Monday
Salem's Biggest Value Giving
One Dollar Dress Sale
Equally important with "Dollar Saving" is the fact that
nearly every dress in these groups are new fall fabrics
and styles no leftovers or out of date garments.
An extra Dress from the 314 group for..$1.00
Or an extra Dress from the $19 lot for $1.00
BIG BASEMENT BARGAINS
One lot sample ' handker
chiefs, nil individual pat
terns, no two 19 nff
alike, at "
Men's Croodyear Guaranteed
.Waterproof CO AC
Raincoats . . . .-. . . v5t0
Men's New 1'aU Stock Black
Rubber lioots QQ
reg. oi ....... PsCs70
lc
tie fpecia! lot of Misses
tut Women's Winter Weleht
Talon Salts; flSto for on
gjirnicnt and an
eitra suit for
Women's . Ilbre and IUyon
Hose, hll weaves, colors,
broken siws. AQf
vatlnesto$lA"5 '
? Regular $6.50
BLAZERS -
AH New lefdgus ;
Worsted
Jerseys
Values to $
$1.98
Men's $2 -Winter
UNIONS
98c '
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