Image provided by: University of Oregon Libraries; Eugene, OR
About The Oregon statesman. (Salem, Or.) 1916-1980 | View Entire Issue (Sept. 11, 1927)
.rSimDAY MORNING. SEETEOTER 11, 1927 SOCWJ Y ' V " (Continued frm pass 5.) gown of oyster-white georgette with a reil of embroidered, chiffon caught with a coronet of orange blossoms. She carried a shower bouquet of white sweet peas, Cecil Brunner roses, and maidenhair . Her maid of honor. Miss Leora McClung, wore rose georgette and carried an arm bouquet of pink as texaT i Harmon Garrett acted as his brother's best man. Melvin Wbb and Ilobert Garrett were the ushers. .-Little Omagene Nieuswander, a .niece of the groom was flower giri end her brother, Lee Nieuswander. was ring bearer. Preceding the ceremony. Miss Doris Allen sang "A Garden, of Happiness" accompanied by Miss Lois Plummer. .A reception at the home of the trtda'g parents, Mr. and Mrs. Al bert Webb, in Silverton, followed the. service. After a wedding trip to La Grande and The Dalles, Mr. and Mrs. Garrett will make their home In -Corvallis where Mr. Garrett is .in business. WC.f. U. will have Cooked Food and Rummage Sale The W. C. T. U. will hold a cooked food and rummage sale, September 14, 15, 16, and 17, in the W. C T. U. hall on South Commercial and Ferry streets. Will Teach in Grass Valley ; Roderick Blatchford will leave tomorrow for Grass Valley. Oregon where he will teach mathematics andjeience in the high school dur ing the winter. London Recital Wins. Praise for Elly Ney Elly Ney, wife of Willem vau Ifcogstraten, conductor of the Pr-rland Symphony orchestra, ; gave her first London piano recital since war times recently in Wig more hall. The British critics ranked her first on a list of six "moat unusual recitalists" of the, season. Madame Ney will return to . the United States in January and will give the first of the Roo sevelt recitals in New York Janu ary 7. Guests at Garrett Home . Mr and. Mrs. Charles Garrett have had as their house guests recently their son-in-law and daughter, Mr. and Mrs. George Wagonblast and their three sons, Earl. Eldon, and. Bobbie; Mrs. Francis Hazen, Mrs," Albert Hazen and Miss Ruth Haien, all of The Dalles; Mrs. Jennie Stoltz of aiQsier, uregon. uney were also guests at the Garrett-Webb wed ding which took place last Sun day in Silverton. Fri'-Ni-Da Club will hold . Opening Dance of the Season Members of the Fri-Ni-Da club, composed of sixty couples of the younger set. will holtT their first dance of the fall season, Friday evening in Castillian Hall, in the new Nelson building on Chemeketa street. Mr. and Mrs. Leo Johnson, Mr. and Mrs. Earl Burch, and Mr. and Mrs, Oral Lemmon are members of the committee in charge of the affair. j This dancing club was organized last year and is anticipating an-! other successful season. Officers of the club are Glenn II. o.uk, president, James Smith, vice-president, and Elton Thomas, secretary and treasurer. ! The cluk will hold a dance on ! the third Friday in each month, i FRENCH PRAIRIE DAY IN CHAMPOEG (Continued from Page One) Wr. and Mrs, Moore j Visiting in Chehaiis Mr. and Mrs. W. W. Moore and j their daughters. Miss Lucille' Moore and Miss Dorothy Moore, ' left this morning for Chehaljs, ;' ( Washington, where they will be .the guests of friends fof several j days. ' j i Guest at Da c inn Home j Mr. and Mrs. T. W. Davioti have i had as their house guests for the ; past two weeks Mrs. Louis Berg-; man and her son, Franz Bergman. i of Seattle. Mrs, Bergman and her) son left yesterday for their home in Washington. Episcopal Junior Guild Will Mat Tuesday Members of the Episcopal Jun ior Gu'Id will meet Tuesday after noon at two thirty at the home of Mrs. Louis Lachmund, 925 Court street. Woman's Bible Class Entertained at Lee Home The Woman's Bible class of the First Methodist church was enter tained Friday afternoon at the home of Mrs. A. A. Lee. Mrs. C. R. Bennett conducted the devotions. Following the business session, each member of the class told an interesting incident of her summer vacation. Mrs. Steeves of Calgary, Canada, told of the changes in Salem since she visited here as a bride thirty-five years ago. Mrs. James Canse of Portland was an additional guest for th afternoon. Mr. Miller in Eastern Oregon Mr. E. C. Miller has gone to eastern Oregon where he will re main for six weeks. At Neskoivin for the Weelc-end Mr. and Mrs. Roy Mills, their children, Roberta, 11a. and Char les, and Miss Wilda Fleener are spending the week-end in the Mills summer home at Neskowin. Home from ttctxtton Trip to the North Mrs. H. 51. Durkheimer and Dr. Fannie Brown have returned from a three week's motor trip to Brit ish Columbia. Mrs. Kantner in Seattle Mrst W. C. Kantner accompan ied her little granddaughter, Ar liss Thomas who has been visiting at the Kantner home for a few days, on her return to Seattle. Evrf Hartshorn. Everett, Wash. Mr. and Mrs. A. Ram berg, Yakima, Wash. A. S. Delle, Jean . Snydor. Dallas 'Mr. unci Mrs. Aug, I. R'ner. Deavertoh C. E. Allen, Mrs. Hattie A. Allen. Errol Heights -Howard W. Bergcr. Chatham, Canada Mary Thom as. Philadelphia'. Pa. -Elizabeth M. Regrr, Mrs. A. M. Regfr. Dundee :J. M. Crawford. Oswego Chas. T. Dickenson and wife. Yamhill J. E. Robertson, Mrs. J. E. Robcrtbon, Mr. and Mrs. D. U. PrldG. ;..',, The Ideal Home Les-.t r Matt hum in his talk stal ed that in every home there should be a father arid a uio'tij'er, that this memorial building Is a pion eer home, and fhat all tit' them felt that when tbey came home they would like -o have a father and a mother to greet them; that those who had no father or mother living would like "ro feel that a father and mother greeted ihem. therefore he proposed that th French PraTi ie people Iect Al bert Tozier rather and Mrs. .Edyth Tozfer Weatherretl mother of the Pioneer Memorial building. -Thi-was done. SERMON PREACHED BY THE PRESIDENT (Continued from pg 0.) his belief that -. ' '. by the best cultiva tion Of the physical world beneath a.nd ' around us and the Intellec tual, and moral world within us we shall secure an individual so c.'al and political prosperity and happiness whose course shall be onward and upward, and which, while the earth endures, shall not pass away." While he did not fail to place a proper emphasis on the cultivation of the physical world around us, ha thoroughly understood tha tlijs must be supplemented by a cul tivation of the intellectual and 3 e YELLOW PENCIL with the RED BAND mm teMfP mm, n?srrp ' ?523U!H : rpr.-r. moral world within us. The hu man soul will alway$ rebel at any attempt to' confine It to the physi al world. ' Its dwelling place Is in the Intellectual and moral worM, IT IS INTO THAT REALM THAT ALL TRUE EDUCATION SHOULD LEAD. Unless our schol arship, however brilliant. Is to be barren and sterile, leading toward pt-gsimfsm, more emphasis .must he given to the development of our moral, power, OUR c6LLEiH3 MUST TEACH . NOT ON LY SCIENCE BUT CHARACTER. We must maintain' if stronger! firmer grasp on the principle declared in the Psalms of David and reechoed iii the Proverbs of his son Solo mon, tlHitTfae-fear of the Lord is the beginning of knowledge." Which Will You Choose to manage your estate? Will it be a friend, who must do everything himself or employ some specialist at extra cost Or will you appoint the Trust Department of this bank, which is organized to handle (all) plans and (all) the details of estate administration? Our Trust Officer will be glad to discuss these matters with you at any time. , ' UNITED STATES NATIONAL BANK "The B ank That Service Dullt" H Si : 3 VS Freshly j b&jiL Cleaned rt7 Suit m'li Lv Renews Your Confidence A 'uit newly cleaned and pressed dots worv ders with your appear ance and you know it! Tfcere is nothing that gives a man con fidence so much as knowing that he ia looking his best. JAPANESE HAND LAUNDRY AND CLEANER We Call and Deliver 445 Perry Street Telephone 753 fXiibTV TfvPTTn A NA TOAf-WDS iNsrnvTioto- 25th Anniversary Buying AeNew Coat Is One Of The Thrills Every Girl Looks Forward ToMothers, Too, Enjoy Biiying Here! The first showing is always the most attractive fresh, new styles, colors in keeping with the season &nd in the pall, cozy furs. Coats For Sunday And for School Days Different looking mixtures make smart and practical coats for school- suede, elour and bolivia for dresis-up times. Our prices arc modest. IV ,T mm i. . ir '1! ' ' . f fcyeglass tconomy witn . Aosoime Accuracy ffUIOUSANDS wear our glasses today, because, they 4rX give the utrriost in service and arc economical Wc have a reputation for low prices. The thorough c'ness with which your eyes are examined here by spe- ciausts s your puoiuvc J""" j;r ji'rrv 1. hi V ieWelers alii : Optotnetrists-Salem, Oregon, Sixes 2 to 6 $3.98 to 39.90 Sizes 7 to 10 ' r V $4.98 to $14.75 Size 11 to 16 " $5.90 to $1975 1 25& Aviniversdfy : & They Are Here ! Iew Hate That GirU Wfll Say Are Prettier Than Ever $b many different shapes! Up in front or uo in the 'back " and colors for. blondes" or brunettes. .Celtr end Vclvctar-t4 ; Mativ Color - J 3ii98;M$3:98 .T -Jh'e prices are solbw that moth ert will be deltghte4---nd girls are ture to find several shapes that wiu AllDressedUp! Fortke Opesuny of School ' 6h tar i$6mif' piace c o ana u .Tealyviifl' itrefh wash frock m of; Iftinft or , ging ham I Sizes I to i 98 . to- ,29A . SCHOOL HOSE. For boys . and girls. ; Tin i-or nedlum ribbed -plain ndlilerBy "rib; r 'OC' All sizes . , . . ... D ; aStorage Fiiel s far. j 4 , '. .: r Crating Socal and Long Mauling Moving 143 So. Liberty Phone 930 "oe : ; ;:: $125,000 ( ... Terminal Hotel Building SALEM, OREGON First Fee and Leasehold Mortgage 6 Serial Gold Bonds of ' ' H. M. Hawkins and Thomas A. Roberts i Dated August 1st, 1927 Due Serially February 1st and August 1st, 1D28 to 1942 Coupon Bonds in $1000, $500 and $100 Denominations Interest Payable February 1st and August 1st SECURITY This issue of bonds is the ioint and several .obligation of H. M. Hawkins ' and Thomas A. Roberts and is specifically secured by a First Mortgage on a parcel of property in Salem, Oregon, with a frontage of 42'-9" on High Street and a depth of 166-14", together with a portion of Terminal Hotel Building thereon; nd by a First Mortgage on the fifty-year lease hold estate in the rest of the Terminal Hotel Building and the land on which said portion stands, viz.: the Northeast cor ner of High and Court Streets with a frontage of 102 feet on High Street and 81'-li2" on Court Street. . The building is of concrete and brick construction, four stories and basement and contains 111 guest rooms. Knighton and Howell, the constructing architects, estimate the cost of the building at $225,000. The appraised value of the fee prop erty and leaseholds is $262,790. H. M. Hawkins and Thomas A. Roberts, the obligors, show a combined net worth of $570,614. They have been partners for many years and have a very sub stantial and profitable business as well as diversified property holdings,! which are conservatively valued in their financial statements. Mr. Hawkins carries $105,000 life insurance, $2&,00O of which is assigned to the Trustee for the protection of the holders of these bonds. Mr. Roberts carries $70,000 life insurance. GROUND LEASE The lease on the portion of the property not owned in fee is for a period of fifty years at the rate of $7,800 for the first ten years and $7,200 for the remain ing forty years. The lessee agrees to pay all taxes, but the lessor pays part of the cost for insurance. In the opinion of competent experts in Salem, this lease, is very favorable to the lessee. EARNINGS ; Hawkins and Roberts have leased the entile property, for a period of twenty" years to the Stage Terminal Hotel Company at a rental of .M).000 per, year for the first three years. $33,000 per year for the next five years and $36,000 per year for the last twelve years. The Stage Terminal Hotel Company agrees to. completely furnish the hotel and give a lien on the furnishings as security for the lease, This company is owned by more or less the same group of men that owns and operates the Oregon Stages, Incorporated, operating "an extensive system of stage lines in Western Oregon. The Stage Terminal Hotel Company operates successful hotels at Salem. Eugene. Roseburg and Medford. This new hotel will take the place of the present hotel in Salem, which must be vacated in the near. future as the prop-., erty is to be converted to other uses. Based on their: .experience in the other hotel building in Salem, the Stage: Ter minal Hotel Company estimates that earnings available for payment of rental will be more than double the rental requirements. r As the gross income to Hawkins1 and Roberts on the lease to the Stage Terminal Hotel Company is ra -definite amount and, as the. only deductions therefrom are for taxes, ground lease, insurance and minor incidental expanses.: it is possible to figure the net income available for this bond issue with'accuf&cy,;H.is estimated that the net income available for, the payment, of interest and principal on this bond issue will average $22,175 per year. This is equal to 2.73 time, maximum interest requirements and 1.51 times maximum interest and principal requirements. ;t . TRUST INDENTURE : " " '.'' " -he (rust mdenture contafris the customary provisions for safeguarding the interests of bond holders including the, requirement that full insurance against loss from fire and also full insurance against loss of rentals resulting from fire be carried " &t all times in 1 com pahies approved b the trustee. PURPOSE OF LOAN The purpose ot ithli liQan fs to'Uppfy part of the 'cost of the building now near ing compfction. t .-' . Price lboiid'-iAcc'rued Iii'ierestfto Yield 62 Lumbermens Trust G ompany Government Maniclpal Pablk; UUlity Industrial Corporation . d. , i: BONDS : . '-'. . .- .- i" t i Bonds of (his; issue can be purchased through , HA'VKINS; & ROBERTS, Inc. . v . 205 Oregon Bldg. .Thl Information, while not 'guaranteed, Is belleyed to be accurate. 1