12
en
REFUSES
TO OUST CLARE LEE
Insurance C o m m issioner
Held Acting Legally In
Bankers Life Case
That Clare A. Le?. state Insur
ance commissioner, has separated
legally In connection wiih the
Bankers Life Insuran.-p company
case, and that consequently he
nill not remove Lee from off!e.
was stated Wednesday I y Gover
nor Patterson In a letter to Dan!
Kellaher of Portland in answer to
the demands of a resolution adopt
ed recently by policyholders of the
insurance copmnay.
The governor was asked to re
move Mr. Lee from office on the
grounds that he was Inefficient
and had not acted in the best in
terests of the public. The assess
ment policyholders had demanded
that Mr. Lee cancel the permit of
the Bankers Life Insurance com
pany to operate in this state.
"I find," read Governor Patter-
Million Votes Will
Be Cast by Saturday
The total number of votes
cast In the "Miss Salem" con
test, which is being held in con
nection with the "Better
Homes" exposition to be held
at the armory for six days be
ginning February 13, expect to
reach more than a million by
this coming Saturday night
which ends the elimination per
iod. Every girl who falls to
receive less than 100,000 votes
by next Saturday night, Febru
ary 4 will be eliminated from
the final race which end Feb
ruary IS. Each candidate has
a large following of friends and
backers and they are out to see
that their candidate wins. The
following is a list of the candi
dates in the ".Miss Salem" con
test but the order in which
they appear does not signify
their standing in the conte-st:
Bess Blackley, Helen Eliacn,
Ruth Kays. Pauline Lewis, E.
Florence Miller, Mildred Tailon,
Frances Baler, Grace Darling,
LaVada Carter. Jacque Beemer,
Amanda Wirlltschi
INQUIRY TO BE HUES Nil BILL
III FIRM'S FAILURE
the rates on assessment policy In
surance to increase 4 00 per cent.
Some of the complainants alleged
that they had been compelled to
eive up their policies because of
sons letter to Mr. Kellaher, "thatjthe confiscatory rates.
Mr. Lee, in the conduct or the case
with the Bankers Life, is operate
lag within the law, that he has
conformed to the rulings and opin
ions of the attorney general, and
that his actions in the case have
been designed to best serve the in
terests pf the public
Older Boys' Conference
Set for March 9, 10 Here
The Older Boys conference of
Palem and Marion county will be
hpM at thn Qulam r A
1 . . 1 1 1 " u . ... . V. .
mere nave oeen a great many March 9 and 1Q th year lt w
persons indorse his position and aannounced late yesterday at lo
attltude, among them a number, raI Y M c A headquarters,
of policyholders in this same in-Frank Moran of Seattle will be
aurance company. Mr. Lee, as you tne main speaker of the confer
also know, is awaiting a decision ence. although several other orom-
from the Iowa courts on a case inent men will eive talks.
Involving issues similar to those The affair will be the sixth an
in Oregon, and I believe you will nual meeting of its kind.
una mm abiding strictly by the The meeting of the T. M. C. A.
law and at all times anxious to
a luuipcicoi insurance ser
vice to the people of this state.
"Under those circumstances, I
am lead to the conclusion that I
am not Justified in asking for
Mr. Lee's resignation, and I trust
your difficulties will be settled
amicably and to the satisfaction of
all concerned. I am glad that you
iam this matter frankly before
me, and I trust that you will ap
preciate this equally frank re
sponse."
The assessment nolicvholder
Who sought Mr. Lee's rmnvl
charged that the Bankers Life, in
Upwu ine legal reserve poll
executive committee is to be held
next Sunday to arrange further
details of the -conference, it was
announced.
YAXKKKS COMPLAIN
WASHINGTON, Feb. 1 (AP)
Again deferring action on the
proposals for investigation of the
use of marines in Nicaragua, the
senate foreign relations committee
today heard complaints of the
abuse of the property rights of
American citizens in Cuba.
completely
"So your wife has
lost her appetite?"
"Yes, she doesn't even want to
cy of handling ,ts affairs, caused irek-.-TTathfrnde0;1" frb,dS
Overbeck and Cooke Com
pany's Failure Creates
$1,500,000 Loss
PORTLAND, Feb. 1 (AP)
Investigation was started today
into the failure of the brokerage
firm of Overbeck and Cooke com
pany, which suspended yesterday
with accounts on its books esti
mated as substantially more than
two million dollars. Effects of
the failure widened as the hours
passed. Indications pointing to an
aggregate loss by the hundreds of
customers of the company that
may run to $1,500,000.
Late today Henry Kissenback
an investigator of the state cor
poration department, arrived in
Portland to start the state's offi
cial Investigation of the company's
books and dealings. The invest!
gator was sent here by Mark Mc-
Calllster, state corporation com
mlssioner.
The purpose of the Investi
gation, as explained by Stanley
Myers, district aattorney, is that
of determining whether the failure
involves criminal responsibl'ity
for the losses faced by the patrons
of the brokerage house.
"Under the state blue sky law
the Overbeck and Cooke company
operated as does a state bank,"
Myers said, "on complaint of lr
regularities the corporation com
missioner has the right to send
in an examiner, to take charge of
books and papers and determine
whether there is criminal respon
sibility for losses."
, In some quarters possibility of
a federal investigation 'was seen
in the fact that the company con
ducted interstate operataions,
maintaining a branch in Walla
Wallaa". Wash.
An unconfirmed report today
indicated that a purported ac-
lount of one "J. R. Smith," not
identified, was listed with the
company In an amount of more
than 11,100,000 to be recorded on
the books as an item of loss.
James P. Cooke, president of
the brokerage company, was in
seclusion today, reported the vic
tim of a nervous breakdown which
had sent him as a patient to a
local hospital.
MOTS OPPOSITION
HOPE HE WAS A MILKMAN
That Chicago man who found
water in the ten barrels of hooch
he purchased must have felt bam
bozzled. Farm & Fireside.
ISO -aVTn .
Ji u ? ssiujioi fcoj o coxa y
i(Scs)o9o
Greater Volmme
SALE
IS THE STORE'S GREATEST MERCHANDIS I N G SUC
CESS. CROWDS THRONGED THE STORE AND WE ARE
LOOKING FOR STILL GREATER CROWDS AS SOON AS
THE NEWS SPREADS ABOUT THE WOND E R E R F U L
BARGAINS THAT ARE BEING OFFERED.
Free
Ladies' $2.00 Silk Hose Given with
any purchase of $3.95 or more
Free
BOYS' SHOES
$4.00 and $5.00 Values
Sizes 2i to 5 all go at
$1.00
WOMEN'S SHOES
All sizes. If you see them you will buy
two or three pair at
$1.00
CHILDREN'S SHOES MEN'S OXFORDS
cu -nn ,v,;i io. f Tan rfr black, regularly sold up to $7.00.
Sold up to $o.00, while they last go at q0 jn this sale at
$1.00 $3.95
Men's and Women's $6.00, $6.50 & $7.00 Pumps and Oxfords
All Go at $4.95
Men's and Women's $7.50, $8.00 and $8.50 Pumps and Oxfords
All Go at $5.95
RUBBER HEELS
(1 1 put on every Wed-
ksday at half price
ITBes i?gEa
326 State St. Next to Ladd & Bosh
STANLEY BURGESS, Mgr.
RUBBER HEELS
put on every Wed
nesday at half price
25c
Prominent Members of
House Oppose Passage
of Shipping Measure
WASHINGTON, Feb. 1. (AP)
Backing up the position taken
by President Coolidge, house re
publican leaders Joined today In
voicing opposition to the Jones
shipping bill passed by the senate.'
Speaker Longworth, Rep. Til
son, the majority floor leader, and
Chairman White of the merchant
marine committee, all announced
that they were opposed to the
measure, at least in its present
form.
"I am opposed tothe bill," said
White. "It Is a permanent govern
ment ownership bill. It is worse
than a declaration by congress for
such a policy, for it In fact leaves
our committment to this course to
the shipping board."
Longworth contended that the
measure would perpetuate govern
ment operation of the merchant
fleet, emphasizing opposition in
particular to the provision that
would require unanimous appro
val by the shipping board of the
sales of the government owned
ships.
Tilson, while declaring against
a number of the bill's provisions,
said that the s.nate action never
theless showed clearly that the
great majority of that body, re
gardless of party affiliations, are
convinced that the building of a
merchant marine is of great lm-.
portance to the United States.
son mjffi fg-
We are now in our New Building 889 North Liberty St.
Fresh Car Load of Coal Arriving Daily Also Good Dry Wood
Special on Washington Coal per Ton $11.00 and Up
Telephone 930
Local and Long Distance Hauling, Moving, Crating
Down Town Office f43 South Liberty
1 lljfmlnf
toWl fi3 Mil IT IB) i J
The biggest sale of clothing this town has ever seen will come to a close Saturday. Therecord-breaking re-v
sponae which we have had is evidence that we're giving better values and greater reductions than has ever
been offered in Salem on fine clothing.
7 Bishop's Feature
If OVERALL
No. 220 Denim, Full Cut, IB
II Ribbed Style If
l $1.11 J
$6.00
ff ALL WOOL
I BLAZERS 1
II New Plaid Designs la II
Rich Colors It
V $2.65
fl UNION SUITS
WINTER WEIGHT 1
II In grey and ecru colors, II
R Long sleeves and if
lon legs It
. 85c J
$5 MEN'S b
ff CORDUROY
If Cmn't But "Em Make. ll
II Light Tan II
Fl $3.65 J
From every consideration of quality, style and variety in men's and
young men's clothing, every man in Sakm who has not attended this
sale should surely do so within the next three days. For a new suit
or overcoat you'll find as hundreds of others have found that your
money will bring you more value here than anywhere else.
This great sale has certainly kept this LIVE store on the move, men
know the reductions Bishop's offer are real and the values unbeatable.
The good news for men who have not yet made their selection is that
with our large stock we are pretty sure to have just what you want
in size and style. Take advantage of these next three days.
1000 Men's Fine Suits
1000 of our very finest Suits grouped to offer the most substantial
reductions. Hart Schaffner & Marx and Michaels Stern and other
nationally known makers comprise the group.
$30 SUITS $23
$35 SUITS $28
$40 SUITS $32
$45 SUITS $36
$50 SUITS $39
$55 SUITS $44
$60 SUITS $47
900 Collar Attached Dress Shirts 2 for the price of 1
BIG SAVINGS ON MEN'S OVERCOATS
GROUP 1
Virgin Wool Over
coats in the sew
loose fitting styles
in the newest fabrics.
$12.75
GROUP 2
Hart Schaffner ft
Marx and Michaels
Stern fine quality
coats. Values to
$50.
$21.00
GROUP 8 (
Hart Schaffner ft
Marx, Michaels
Stern and other
style creations and
fabrics. Values to
$60.00.
$29.00
GROUP 4
The choicest coats
in the store. Val
ues up to 965.00.
$36.00
$13.50 Boys'
4 Piece Suits
Coat, reet, golf and long pants.
AH wool materials, in real man
nish suits for little fellows.
$8.85
$12.50 Boy.'
4 Piece Suits
Coat, vest, golf and long pants of
all wool fabrics In the season's
newest patterns.
$7.85
r-
Ms 2.00 and S2.AO
I UNION SUITS
If Fast Wool and Cotton 11
II Ribbed, excellent weight IB
. $1.65
8 for S4.50 , Af
UNION SUITs
ml Chalmers fin Merino,
II part wool, dark and grey
$1.95 J
8 for $5.50 yj
UNION SUITS
II Val. to $1.50
II Fancy and Plain Designs I
MEN'S FANCY !
if HOSE
ml Famous Interworen or l
I other fine Hose
V 35c i
Pairs 91.00 f
Only Three
Days
Sale Closer
9 P. JM Saturday
"FIRST IN SERVICE TO MEN"
Bishops Clothing & Woolen Mills Store
C. P. BISHOP, Pres. R. H. COOLEY, Gen'l Mgr.
Thurs., Fri., Sat.
3 Days More
Sale Closes
Saturday 9 P. M.
II II 1 M fc