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About The Oregon statesman. (Salem, Or.) 1916-1980 | View Entire Issue (Dec. 18, 1925)
CJUMWELL CLEARED - BY BACKING BOARD " ; ((Vinlmu.l from ps I.) tf IMl : ' - ' - ; sjdised of the findings of the examiner- Mr. Rramwell said. i Ib support of this testimony,. ir. Bramwell offered in ettdence A letter written by the cashier of 4be bank to a Seattle attorney; fn which the' writer, admitted that "more than half of the capital of he institution was forested in ir rigation and district improvement bonds tn the state of Washington. Statistics , aiao were submitted fa evidence showing that as a re sult of purchasing these bonds the iiank already, has uf fered" a fin ancial loss of 327, 625. 94 based on the current quotations of the securities. : Documentary evidence offered by, Mr. Bramwell showed that an fn vesication of notes held by the bask-it was found that one oY the notes was a forgery and was so admitted by the "cashier when pressed ior an explanation by the hoard 'of directors. Previous to lb4 Investigation! Mr.(. Bramwell fcftfer the bank officials had alleg ed.: that the. note " was- val,id, but that the mater had not lieen 1h ft .position to pay. 1' . ' - It was because of this evidence of bad management on the- part of th bank officials that Mr. Bramwell said he wrote to the di rector and suggested that they employ some competent person to manage th institution. Letters subsequently were ex chanKed. Mr. Bramwell testified, and it finally was agreed that the state hanking superintendent, rather than the bank officials, should find a person suitable for the position. Letters and memor andums offered in evidence by Mr. Bramwell showed that this course was suggested by the dit rectors and president of the bank, and was not, demanded by the state banking department. In eon ftection "with his efforts to find a man to assume manage ment of the bank, Mr. Bramwell submitted letters showing that he at one time attempted to obtain the services of G. B. Kellogg,-ex-banker at Baker, but that he de clined to accept, the position. Other men also were considered by Mr. Bramwell, he testified, but were not found suitable for the position. iSridpnce also wag 'offered to show that II. O. Voget, examiner for the state banking department, had been approached by the cash- ler' of the bank in connection,! with the position, but that he de clined to'glyp it consideration. A. II. Oln. assistant examiner for the state banking department, testified that he made an exam ination, of the institution at the request of the state banking offi cials and later made a proposal to Mr. Bramwell to take over the bank. It was this proposal, Mr. Olsen testified, that was conveyed to the directors of the-bank by Mr.. Bramwell. He denied that he ever was asked by Mr. Bramwell to submit an offer for the bank, or that he was in any way en couraged by the state, banking su perintendent. i In connection with Mr. Olsen's examination of the bank it was testified that the cashier was re ceiving $300 a month, while the other officials were paid propor tionately. Mr- Bramwell testified that he deraande d areductionof these salaries In order to propel the depositors. ' ; The president of the, unidenti fied bank testified that while he ti T il' Robe Gift Just What He Wants The perfect Christmas gift for a 1 ' man a Robeqr Dressing Gown. -Good looking, warm robes., are here for you in all the new Ameri cari and j foreign fabrics. Priced $5 to $25 estions. Sugg Indian, Robes Leather Vests Overcoats Mackinaws Travelinng Bags, Suit Cases Garters Wallets Shoe Trees BathBobes Cashmere Scarfs Tuxedos Dress Shirts Smoking, Jackets Interwoven Hose Caps ONLY A FEW DAYS LEFT Tie Pins Golf Knickers Golf Garters Hats Umbrellas , ,r . 1 uxedo Vests Silk Robes 1T ! Handkerchiefs Underwear Wol:Robesr Knitted Ties Sweaters Pajamas Shoes Suspenders Gloves Collars Golf Hose Rubber Boots CLOTH INq-yOOLISK MUJjS STORE Annual CLEARANCE SALE of Groceries i Ai n A Rfl O M Thanks for your wonderful response to oir sale; today j VJ we will have additional help to take care of the crowds No. 1 New Crop Soft Shell Walnuts Sale price .. .... 30c 40c Bottle; Burnetts, Vanilla Sale Price ,.... 30c Large Bars White Laundry Soap or Regular 6 for 25c, Sale Price 7 for LJt Lipton's Cocoa, i-lb. cans. or Regular price 18cr on sale 2 for LtDQ Snider's Cljilj Sauce, large size, OA-, On sateat ., OUC Honej regular 25c per square Sale price,. 5 for $.1,00 Xmas Cahdyj a treat and good enough for anybody to eat, lb.......v 15c j Warrehton Clams, larg Regular. 30c, on sale at e size, 25c Apricots, large No. 2Vt cans, Regular 20c, sale price................. Small White Beans Sale price, 4 lbs. for 25c did not consider the letter from Mr.' Bramwell discreet, he always had been, treated conrteotiRly by the . state banking department. He also s'aid that he had received fairer treatment from the bank ing department than he had ex pected. ' Mr- Haines testified that he had made no direct charges against j the superintendent of banks' other than he had discriminated against the Portland National bank. fiity Hicock, deputy state super intendent of banks, reviewed his connection with the letter to the unidentified bank and admitted that It was partly at his suggest ion that it was written. Both Mr. Bramwell and Mr. Hicock said that in writing the letter they had acted with a view of protecting the depositors. It was said that a proposal is now pendfn,s whereby the bank's affairs will he adjusted, to the end that both the institution and the depositors will profit. PETTYJDHfi TO GET HUDSOiHSSEX (K Agency Transferred" From Powell company; ulds and Rickenbacker Go in Portland, will give service in structions to the new dealers. J. II. Maden will be general manager- with the Pettyjohn com itany. Charles Eighney Is service manager, and r. H. stacey. nna-son- Essex salesman. Branch of fices will be maintained in Sil verton. Dallas and Independence. pregon timber industries em ploy 4. "..00ft men, producing $100, (lOO.OJ0 a year. ' The best-rltizens are busy folks.- One iP . toward becoming which means tlrat the worst citi- prominent. Is to be operated upon tens llat. V - hospital. STtKsSgb Next on Candidates' Pro gram Will Be Intensive Speeches O: L. Lefferts, Willamette val ley wholesale, representative, with the Portland Motor Car company, and I.. K. Nichols, wholesale re presentative of the eastern terri tory, will he in Salem today to make final araagements for the transfer' of the agency of the Hudson-Essex automobiles from the Ffed .. M... Powell company to the F. v. Pettyjohn firm. The deal' will be completed today. Mr. Pettyjohn .will handle the Hudson-Essex product and the Cad illac ' automobile. The reason, the change has been made is that the Hntlson-Essex people desire exclusive representa tion In n city, and Mr. Powell wished to retain the agency for the Packard whioh was said to conflict with the Hudson sales. The Pettyjohn company has given up the Kick-enbacker and Oldsmobite agency. Bob Shore of the Portland branch is in Salem assisting in the transfer of parts, and Fred C.anzneter. shop superintendent you need never , have another "tough" shave Just a few pulls and your blade is "James-Stropped" taa velvet-shaving keenness. Start joy-shaving today. $2 at CAPITAL DRUG STORE 405 State St., Cor. Liberty Only d, Shppping mys mi Christmas KAFQURY'S The Great Christmas Store WITH THOUSANDS OF GIFTS FOR HER .to Fine Silk Hose . Kayser -- Hummingbird All the hew wanted Shades 'CAN AND DO" 4'irw.S&K. s,klm Store, : Portland Silk Shop 1 i - ' - Attn ot.t. C llil LAmr- Cf- w - , I ' ( t'Ci.V-v Frederick Steiwer, candidate for the Republican nomination for j United States senator, has ben active during the past few weeks visiting prominent citizens and 1 political leaders in various sec tions of the State. He has spent considerable time in central Ore- gdn, sonthern Oregon and the Willamette valley, and is pleased f-wtth the popularity with which I his , candidacy is being received. He will later begin an extensive speaking campaign. CHRISTMAS SPIRIT HEN Willamette Students Depart This Afternoon on Chnst ' mas Holidays Life Buoy Soap, also Mission Bell Of Soap while it lasts, on sale 4 bars for DC H-J Washing Powder, regular (f1 AA 35ct 3j for $1.00,, sale price 4 for $1 . lU I A can of Aluminum Cleaner Free with bachT purchase of 4 packages Durkee's Challenge Sauce, regular ,0 A 35c, sale price, per bottle..... -..,jLUC This compares favorably with the highest i priced sauces for steaks Paper Napkins, 25 in a package, Regular -15c, sale price .. 10 c Fletcher's Hard Wheat Flour on sale ........ $2.20 Do not wait until the last minute when service is less dependable. ! Place ; your Xmas order early December is the month of Joy, Happiness and Good Will sti 'Itoeme. We are ready to greet you, our customers, with complete ) Stocks ot carehillv selected srocenes at Clearance Sale 1ake advantage of this sale and but your supplies twlayV J r . Phone 1-2-6 899 NORTH COMMERCIAL ST. Saye Mfi! P wR'rt Damon's Todax We, Deliver Heeding the call of Christmas, about 460 Btudents will start an exodus from Willamette univer sity this afternoon, scattering to all parts of the northwest to spend the yuletide with their lolks. And with this starting of vaca tion comes the startling realiza tion that but one week remains ontil all will be smiling and shout in e "Merry Christmas as they pass each other on the street Six nights from now and banta fjlaus will be on his yearly scram ble over the housetops, distribut ing his presents, emblems of good will for the coming year A special train, carrying the students to Portland, will leave from the track opposite Lausanne hall this afternoon at two o'clock Not a member of the faculty is there at Willamette but what has Uttered a sigh or even three or four-7-of relief, knowing they are to., have a three weeks surcease from class roo.ms. Several of the teachers report, however, that a good, share of their vacation will be consumed In the correction of papers. Many of the students who hav listened to the call of the lighted spaces during the first months of the semester, are planning to In dulge in the ancient pasttime of cramming to celebrate the yule tide. English students or students of Euglish-rr-are especially Includ d in this class. Themes lone themes, short themes, Intricate themes, plain themes themes of every description will be threshed out during the days of rest. The authors will intersperse these with parties, shows and general good times. At some 400 homes fathers and mother will be waiting to wel come back their offsprings, who have been away from home since Thanksgiving some since the middle of September. Seven more days! And turkevs will be sizzling in the kitchens. Students will be unwrapping their presents repressing shouts of happiness or wishes for exchange. ;; Lausanne hall, girls dormitory, will be as desolate as a haunted castle daring the entire vacation. The school's library will be closed. The campus will be deserted com pletely wUh the exception of the gyWasjum. , Coach Rathbun has announced, he wJIL spend . part of the -vacation; In liSaiBie with his boys, working to perfect a basket- bail team Tor the coming season. His boys will sea to it that the campus is not completely left weak during the holidays. : Gifts to date for The Statesman Associated ' Charities Christmas cheer fund are: I Salem Ad Club . . V Lane Morley Anna S. Kantner . Cash A Friend ....... I . . Unknown . Tom's Wash Rack . . yf. w. mn ......... - Mr and Mrs P. C. Pratt Af Friend .......... A Friend ;, A. E. Anderson A Friend 5.00 Lehman's Grocery. . ... 2.00 .$10.00 . 1.00 . 1,00 . 1.00 . i.oo .. 1.00 . 2.59 .50 COO 5.00 1.00 1.00 Wllholt ; Springs' in dackamaa county to be developed by $400, o o q corparatioa, ' ' -. :'.?.: STANDARDIZED CASH STORES .A WAT T?l CORVALLIS ALBANY WOODliVRN oads.of Good Things to Eat Best Creamery Butter ib. 49c Gem Nut Margarine 3 lbs. 79c Fresh Eggs 35c and 39c Fancy Cascade Hams Fancy wrapped, lb. 33c Schilling's Best Coffee ib. 55c j Fancy ' Apples Per box $1.79 V Extra Fancy Apples box $1.99 Oranges 2 dozen 25c Home Diij. ' Chocolate package 23c Ghirardellis Chocolate 1 lb. tins 32c ill Cluster Raisins Smyrna Figs Dates California White Figs Sun-maid Raisins Sunkist Oranges Lemons Bananas Apples Oregon Prunes in Fancy Packages Grape Fruit Pineapple Candies Home Made Chocolate Creams, lb. boxes 49c Christmas Mixed Ribbon Mixed Cream Mixed . Home Made Peanut Brittle Peanut Clusters Dozens of other kinds of Candy to select from all absolutely fresh. Priced 17c to, 25c per pound ; '--a- NutS,.':'- . Oregon Filberts Oregon Walnuls Brazil Nuts; ; Almonds " Pecans Peanuts C. & H. Cane Sugar 100 lb. sack $5.69 Fruit Sugar Pure Cane 100 lb. sack $5.45 ; Crown Flour 49 lb. sack $2.25 Fisher Blend' Flour $2.25 - Eagle Brand Best-Hard Wheat Flour $2.19 Aumsville Family Flour sack $1.97 10 Lb. Box Prunes $1.5ft Fancy Iowa Corn 2 cans ' 25c : Solid Pack Tomatoes 2 cans 29c- Our Meat Department will have a nice lot of Young Turkeys, Ducks, Geese and Chickens aswell as all the choice cuts pfr Prime Young Beef. ; Order eairly for Better Service.' ; v , ' . ;s itj2 14 A". v. .. i : I: - t V". : 4 f