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About The Oregon statesman. (Salem, Or.) 1916-1980 | View Entire Issue (March 7, 1926)
T THE OREGON' STATESMAN. SALEM OREGON " T- , SUNDAY, MORNING, MARCH 7. 1926 1 DGDGE HEIRS HEUER t , MBI Alirllf Draft for $46,000,000 Never Viewed Except in - Photos,-Writer Says. i "fltrqinantlc Vise f "Clarence Dillon, Jwbo has already j gained blv first International reputation by beating th mighty bouse of Morgan in the scramble for the purchase of the. Dodge Motor Car Corporation, la discussed by Wal ter Darenport In an article In last week's Liberty. At present Mr. Dillon la prominent, the writer ex plains, "in the projected merger of two, and possibly more, great banks in New York City That eana that he la helping to guide a blUlon-dollar acneme to a sare consumption." U The latest sensation attached to this new wizard of finance is his connection with the purchase by Dillon, Read A company, of which he is the head, and associat ed bankers, of the National Cash Register company, which 4 would according to the Dillon plan, pass 'out of the ownership of the Patter sons of Dayton, Ohio, into! that of a large number of stockholders The amount involved in this deal Is said to be 75 million dollars. Dillon, Read ft Company, it will be remembered, paid the widows of John and Horace Dodge 148 million dollars for the automobile manufacturing plant which' 'the brothers created to be their mon ument. . 'j "The widows were unwilling to bear the weight of business detail whilch retention of j the works w4ld entail," Mr.' Davenport writes. "Clarence Dillon of fered the widows 1S2 millions, minus dividends paid since the first of the year, which is to say 14 S millions In cash. 1 j Lyproduce" that much money. Men .-JS who should know such matters f jPfcay that it was the largest amount f -f money ever paid for one com I -mercial enterprise. The j news l papers became quite enthusiastic f about the deal. Pictures 6t , the check handed the women were published from coast to coast, .and people like you t and me i enjoy themselves telling each other what ther would do were they to re ceive any such document. The vast majority were of the opinion that, they would drop dead on the spot; "However, the check was hardly more than a spill with' which to fire V popular Imagination, The Dolge heirs never say it, except In (he newspapers Clarence Dillon merely notified the bank that the deal bad been closed and the bank transferred the money to the banks designated - by : the Dodge lawyers." ! - v ' After telling of Clarence Dil lon's early struggles and his rise to. the unique ' position he now holds in . American finance, Mr. Davenport concludes- with : "The TtnrfvA dni f thn far. his larrest Vingle stroke of business. -You can not, call it bis' crowning achieve ment because, barring untoward fortune, he has quite a distance to go. He is only forty-three." 1 A f I- HIGH GRADE MOTOR IS MUCH IN DEMAND (CoaUaMl ftna page 1.) , improvemtr'nts In the 1926 Cadillac custom line. "In both its standard and cus tom line. the Cadillac Motor Car company on account of its volume of production and Its up-to-date facilities. Is consistently able to Improve quality. "With the question of price el iminated, the V-type, 90-degree, eight cylinder engine has been found unsurpassed for dependable year-in and year-out service. After its first introduction in 1914 many manufacturers experimented with' the V-type principle. On account of the manufacturing cost and the fundamental engineering problems involved, it has never been suc cessfully used excepting in cars of the highest grade. The Cadillac motor car . selected by the United States army standard during he .World war is still the; heavy duty car of the army and is con sidered sUndard equipment. "In the custom line Cadillac is canturinc an exclusive clientele: through improvements in body de sign, upholstery and other: inter-: lor furnishings,, and the addition of the artistic touches, such; as the; Inlaid walnut panels on the doors and newly designed hardware. While these custom cars have alii of the exclrislveness required y - the most captious taste, they are today being: produced ; at a reasonable price and, since the In troduction of the new ea. have created i a "continuous demand which! the ;b.lant has - not as yet been able wholly to meet." j INKlA SPEED TESTS . ' T FURNISH NEW KICK (f'ontinaed from page 1.) . 4 - ! i . road .even more perfectly. Then, hiring I committed themselves, they , will engage In a prolonged .rmment as to which one snail yield and cross over to the other m"--i ' t . i "-i The best time was made during the htghU when the bullocks were not regulating traffic;-; ! ,n ! Taa can't escape the law of av erages if you v persist. In . taking . . iff;. . - j ' Both Ends of the Trail -; L A. z Wt - 8 -4i , - v.,,,, g, . .i ,, i . m, ... k "V j tt - r, s- , 4 : .TjSjIg Lit'' Below Start ot the "Three-flag mid winter tour from Mexico to Can . ada over the longest stretch of paved Highway in the world. Left to right: E. R. Brown, TJ. S. Cus toms Inspector; Bud Landis, of the Chevrolet Motor Company, driver of the car, and Jose de la Pazt Mexican customs official. Above - ' The finish of the tri-country run at the Canadian border 60 hours of running time after the start. Left to right: Art Manning, American newspaper man; B. R. Whitely, Canadian immigration officer; Bud Landis. and V. R. Stang, U. S. customs -inspector. The official press car was a Chev rolet Landau-sedan. It passed through this city bound north ward for Vancouver. i A most interesting international touring expedition passed through here last week en route from Tijuana, Mexico, across the United States to Vancouver, British Col umbia, over the Pacific Highway, the longest stretch of paved. road in the world. ; The direct route is 1532 miles in length and requires about sixty hours of running time to drive. It is a high gear trip "from start to finish and can be easily made any time of the day, or' night through out the year, in six or seven days. Members of the -expidition re ported to this publication that the sun was shining as they left Tij uana and It was still on the job as the press car passed over the line into Canada. There was sun shine the biggest part of every day during the run. Twice the tour-boosting party was overtaken by "rain, once in the San Joaquin Valley and another time in the Siskiyou Mountains. On both these occasions no delay was suffered and the' travelers were comfortable and snug in the shelter of a closed car. That the famous year around tour is already known outside of the Pacific Coast domain was evi denced by the fact that seventeen different eastern state licenses Were counted en route. : The international expidition was made possible through the efforts of F. N. Coats, good roads advo cate and head of the Chevrolet Motor Company of California. The automobile executive provfded a 1926 Chevrolet Landau-sedan as official press car for the event and lent every assistance to make it the success that it was. The press car bore official dis patches from Frederico Palacio, Municipal Presidente of Tijuana to his Worship. Louis B. Taylor, Mayor or Vancouver. There were also messages of greetings from E. R. Brown, U. S. Customs In spector at the Mexican border to his colleague, J. L. Meyers," Cus toms Official on the Canadian line. The National Automobile Club and sister organizations along the way as well as Chambers of Com merce en route, co-operated with the Chevrolet touring band to help put over the message of the finest automobile road in the world. Unit-Built Studebakers arc widely preferred 77 L n m NOTABLE proof of the low operating: ; cost and unusual dependability . of ,; Studebaker cars conies frdm the South- em California oil fields. . , , . " Ten prominent concerns in this terri- tory use Unit-Built Studebakers; f orield work. - .' s ' - r ' - - - ' . The 81111 Oil Company uses..... 29 StndibsVer The Superior Oil Company uses..... 27 Stadebakers The Miley Oil Company ..... .- 12 Stadebakets The OUmore OU Company nsee 1 1 8tndbakers The JnliaA Petroleum Company naa 19 Studebakers The PennaoU Oil Company oaea 7 Stndebakera - The Btchfield OB Company (e.:....t is Stndehakera - The Aaaootated Oil Company asea ',. 29 Btadeoakers The Oil Well Sapply Company use .. 12 tadebakers The Petroleum Midway Company nata... .. 1 2 Stadebakra Many ; of these - Studebakers have covered upwards of 40,000 milesver pot-holed roads- that po.imd t6 pieces any automobile notr built to withstand the ! . most .severe abuse''.' V . . . . ; Note the low cost of operation . and j maintenance under these gruelling" con- ditions : . r ' . j . The ' eleven Studebakers of the Gil more Oil Company; average $.053 per i mile operating cost, - including as oil, tires,' repairs; etc Seven of eleven Studebakers used by the Gilmore Com pany have traveled "more than .25,000 , miles and are stjll in active service. . ' ' The twelve Studebakers of the Miley . Oil Company average: only $.0786 per mile, this expense including all items of operating, cost, plus insurance Jand de- , preciation. Every Studebaker in the , Miley fleet has been driven more than 15)00 miles and two have gone over 3u,uvu mnes. ,v , Most economical in the : long run : Many fleet-owners in different, lines hi business, report an average operating icost of from 5V to 6 cents per mile proving that the 6-cylinder Studebaker can be operated for practically the same ; cost as the Ordinary 4-cylinder car.. ; Of course, the Studebaker is higher in first cost. But experience shows that t this is more than offset by superior per formance and greater dependability, giving years longer service with much lower depreciation. ; ' ' . ? .- One-Profit prices I Studebaker's extra value is made pos sible by One-Profit manufacture. ; All vital parts for Studebaker cars all engines bodies, gear sets, differentials, springs, brakes, steering gears, axles, gray-iron castings and drop forgings are made by Studebaker. . Thus Studebaker saves the extra profits of outside parts and body makers. Savings are passed on to the ultimate buyer in the form of higher quality, at lower prices. ' j Unit-Built construction : Because all parts are 'designed and built as a unit, the Studebaker functions as a unit, yielding greater riding com- fort and longer life with minimum re pair costs and higher resale value. Studebaker Fleets of Un Fleeta ia the'Ofl Industry t-Bnilt Studebkker cars are being ' operated byhe following. national oil concerns: Standard Oil Company of Indiana w Pure Oil Company, , Columbus, Ohio 5?iiti Oil fnmnanv. Beaumont. Texas Independent Oil Company, Okmulgee, Okla. Roxana Petroleum Company - ' 5 ! 1 1 Texas Oil Company ; ! ' it STUDEBAKER CARS COST LESS: IN aTHE LONG RUN Phone 362 OPEN ;D A YAJfD NIGHT-- 235 South Commercial St. NATIONAL' HIGHWAY "f SYSTEM IS PLANNED (Cob tinned from pace 1.) dent of the American Road Blald era association. "The great boom In the high way building Industry has resnt ed from recent research activity, proving conclusively the' economy of improved highways, and the In creased demand ,pf the motoring public for more and better, roads, Mr. Page said, "The recent con vention and road show held by the American Road Builders' associa tion in Chicago was attended by the largest number of highway ofr ficlals, engineers and contractors in the history of the organization, proving that all parts of the rouni try are joining in the good roads movement." ' j Reports issned by Thomis H. VacDonald. chief, bureai of pub lic roads. Washington, jhow that there are approximately 3.000,000 miles of road In tho United States. Of this amount a very small per rentage has an improved surface. The program of 1926. however, will greatly reduce the number of miles to be improved before a net work of hard roada Joins coast to coast and1 the Gulf ,of Mexico to. the Canadian border. Increased activity in Mexico, Panama, and South America was shown by reports of delegates from these countries at the Good Roads convention at Chicago. The plans for an International High way extending from points In Can ada to Colombia In South America were discussed, and its completion predicted in a few years. A report on ihe progress along the high way? route will take place at a special Pan-American session to be held during the 1927 conven tion of : the A. R, Bv "A. Interstate highways in the fu ture! will possess both an identi fication number and ' a local dis tinctive name, according to a res olution presented and passed in the business session of the recent convention. In this manner high ways extending across the United States will have a national number for tourists' convenience, and will i be locally Identified by a name that would be Inconvenient for national use. Let's have more recreation and less wreck-creation. Fireproof Storage : Fuel : Transfer Coal and Dry Wood at Reasonable Prices " - ' I Ml I i! 1 I CRATING : LOCAL and LONG HAULING : MOVING 143 South Liberty Telephone 930 1 1 . YOU ARE ENTITLED TO KNOW THE FACTS DODGE- BROTHERS. INC. 1 - - - . ' A A Dodge Brothers Motor Car: v. A speeding truck rac ing down hill and out of control . Take one Icok at this photograph. It is net pretty, to be sure, but it will convince any sensible man that all steel construction is the only safe construction for a motor car body. That is why Dodge Brothers : introduced the all steel body more than eleven years ago, and this year greatly improved and perfected it. A' In fact, Dodge Brothers are convinced that the day is not far off when wooden motor car bodies will be a curiosity. People will shudder at the thought of having ridden in them and will thank Dodge Brothers for the greater safety i durability and beauty, too--of all steel construction. A steel body will stand up j under impacts that would crush the average body to bits. Steel cannot splinter. Steel cannot burn. Steel is an armor of protection on the crowded, hurrying highway.! .A collision Outwardly, nearly all types of bodies ap- pear to be all steel. In .reality, , however, most of (them are simply frames of wood - covered by a metal shell..- i i A " i Dodge Brothers Motor Car bodies are steel through land through steel reinforced by steel buttressed and braced by steel even the frames and running boards are steel. And slender, stronger steer corner posts re place the customary bulky posts of woobV affording; full, unhampered driving vision on all sides a safety feature! of-the first importance! - . - f-, ';- Travel in safety ! .Powerful, : 'quick-action brakes, a chassis world-famous for its sturdi ness, and' a body of steel these explain the enviable reputation for safety enjoyed by . Dodge Brothers Motor Car and the envi able feeling of safety enjoyed by those who drive it. The car vrill continue to be a "four." No reasoning buyer will be di 9 tr acted from the issue of QUALITY by mere CYLINDER propaam'A BONESTEELE MOTOR CO. 474 South Commercial Phone 432 E Qflie i -A;r -:. t A A vf . i,AA M PTP1 C?, CAE?, pnances. . ; ' . j - . ; i ' i ' : ' . i . J : -( .1 V ...