The Neto Oregon Statesman, Salem, Oregon, Friday Montana, October Iff, T$S
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investment F irms Protest
- Higher Taxation Than
,. . Provided Elsewhere
The banks of Oregon are In
Amntiflon with the inrestment
bankers rather than the lnTest
meat bankers being In competi
tion with the banks, according to
T. Henry Boyd of Portland, who
was one of the principal speakers
at a conference here Thursday at
tended by members of the state
tax relief 'commission and xepre-
aentatlTes of the building and
- loan - associations, investment
bankers and finance corporations.
The conference was called by
the tax relief commission to dis
cus means for taxing the build
ing and loan associations and
other financial organizations and
corporations on the same basis as
It Is proposed to the banks.
Charges Reversed
Mr. Boyd's charge that the
banks were In competition with
the investment bankers was In
spired by statements made at
conference here Wednesday that
the finance bankers were In com
petition with the banks,, and that
the two classes of business should
be taxed on the same basis.
Mr. Boyd said the inTestment
bankers were not opposed to pay
ing a just tax, but that they did
' not desire to be penalized in favor
of other states. He said he was
Inclined to favor an excise tax
sach as has been proposed in Call
fornia, but did not think that it
would raise any large amount of
money.
Banks Sell Bonds
"The banks of Oregon are in
competition with the investment
bankers," said Mr. Boyd, "for the
reason that . they buy and sell
. bonds and other securities. I pre
diet that it will not be long until
the investment banker will go out
of business and that the business
bow conducted by these .institu
tions will pass into the hands of
the banks."
Representatives of the building
and loan group alleged that a cap
ital stock tax. such as that pre
rloasly . imposed -on . the banks of
the state would put them out of
business. Speakers for this group
expressed the opinion that con
cerns transacting strictly a mu
taal building and loan business
should be exempted from paying
. a substantial taxation. . It was
argued that the mutual -building
and loan associations were con
ducted on a non-profit basis, and
for the protection and benefit of
the small investor. Questions
propounded during the conference
Indicated that there was a desire
on the part of the taxj relief com
mission to place a tax on the re
serve fund building and loan as
sociations. Figures Presented
Testimony was offered at the,ba8lnes men she had Interviewed
conference that the socalled fi
nance corporations, which deal
largely In automobile paper, were
better able to pay a tax than the
Investment bankers.
Data gathered at the conferenc
es will be used by the state tax
relief committee in drafting bills
to bo submitted to the legislature
next January.
Virtually all of the various
groups agreed that the proposed
state Income tax, as applied to the
banks and other financial corpo
rations, would raise but little rev.
enue.
"THE U CLOCK"
dies rnr BLUES
The clever lines of "The Alarm
Clock" so well presented by the
Manhattan Players at the Elslnore
Thursday night, brought laughs
from beginning to end; - The audi
ence saw before its own eyes what
New York and its night life could
do for Mrs. Susie Kent and her
daughter, Mary, from Hamm's
Corners. Mrs. Susie Kent, in
Hamm's Corners comppsed church
oratorios and played the organ for
Theodore Boom, leading; citizen,
but in New York took dancing les
sens, composed a shimmy number,
and pasted the wee small.hours In
might clubs with the amiable and
, worldly wise Charlie Morton. Jack
Bolt as Bobby Branden, the dis
sipated ; .middle-aged bachelor,
, made one of the best appearances
he has ever made with the Man-
aaxan players; - - f
While Eunice Richards took
the lead In a pleasing; manner,
Helen Saunders brought the last
- laugh with -"Kiss me. jnv clam "
The play deserves recommenda
tion as a cure for Indigestion and
the blues. At the. Elslnore again
TJoay nignt. RUTH . CLARK.
I if-r I I iif?tii fiiiSw
I U. i I w . t
STARTS
SATURDAY
wily
of his
White House Aido
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' :f': .'- v,;,,r:, Hs e . .
' Lieutenant Kenneth M. Eoeffel,
abere, of the office of naVal opera
tions of the ' United States navy
department at Washington, D. CL.
has been appointed a Watte House
aide.'-. . -''
TWEHIY STUDEH1S
Twentv- students are now. en
rolled In the continuation school
conducted by Mrs. Lillian Schroe-
der Van Loan in room 122 of the
senior high .school building. Mrs.
Van Loan is well pleased with the
response and reports the enroll
ment ereater than at the same
period a year ago. ,
Not only is the number of work
ing boys and girls who have taken
advantage of the Echpol greater,
but the school has branched out
to Include two students in the reg
ular high school typing classes,
and one boy In. each mechanical
drawing and the? auto mechanics
course. The school has a new and
larger room this year, and addi
tional equipment including built
In book case, new books, the
nucleus of filing cabinet and a
telephone.
Students over 18 years 'of age
may enter the continuation at any
time and must study for one hour
a day. Several of the 20 students
manage to take several hours of
school work, but others cannot be
cause jf their hours of outside
work. The contract system of
teaching Is being used this year
for the first time, which means
that each student's work Is out
lined separately for each class
and he may go ahead wifh It by
himself and -whether or not the
teacher la there.
Classes are conducted from 8
o'clock in the morning until 4
o clock In the afternoon. There
are no classes from 1 until 3
Vclock, the director roendin that
time in meeting business men and
setting in contact with jobs for
her students. Mrs. Van Loan re-
nnrto that Via b(,.a -1.-v j
have approved of the work and
are cooperating excellently.
Just 15 of -the present enroll
ment are boys.-nd all the rrl
attending are emnloved as nnnaA.
maids.
Asylum Patient '
To Go On Stand
MOUNT VERNON, Wash.. Oct.
25. -(AP) At least one patient
of the Northern State Hosnf tai fnr
me insane, and possibly a second
win be allowed to take the stand
In the state's case against K. K.
Kyler, former guard, charged with
second degree murder in connec
tion with the death of J. W. Hes
ford. elderly patient, July U. t
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OREGON
y:J Last Times. Today "
; ' Fred : "
ThomDson
. m
How youH love Fred
Thompeon as the fam
ed scoat la this master
epic of the old, the al.
most-forgotten West..
Fred Thompson has -biased
his own trail ,
.back to the heart, of
the hearty pioneer and
reveals a romantic
chapter from his-life-
which 'snakes stirrtmv
gripping emotion f
drama. i
SirM-poeKViOOr
SP ML
BOOM HAS
'KifCrasoD
u LJ
the perfect naotioji pie-
' tare. Thtt greatest act-F
or of them all la the
- ' .. . - "l.
i I 1 1 . vumg -. . I
career. Jannng 5 1 O i
and Labltech re-nnited J 1 J. J
for the first time since ; A -3'
Pamlon.. 5
Unity A m o rig Christian
" Churches Sought in Re
. port at Convention
. WASHINGTON, Oct. 25. (A1J
Bearine a parting mesage from
the house of bishops to work for
world . peace among nations and
unity of Christian churches, dele
gates to the 49 th triennial conven
tion of the- Protestant Episcopal
church today turned homeward
after weeks of session In the na
tion's capital. ....-.
With a ringing declaration that
the most momentous task which
faces the world today is the war
fare against war," the bishops, in
their pastoral letter called- upon
the membership of the church
throughout the country , to give
iti support to all worthy move
ments for peace.
At the same time, the bishops
said, there should be a greater
unity among Christian churches.
"If Catholic and protestant cannct
find a way to live together and to
worship together the one Lord
whom both adore, 'then is our
faith vain. We are yet in our
sin the letter declared.
There is a sense , of strain
through the Episcopal communion.
the letter said. "One grotfp seeks
fuller measure of what it count3
Catholic. Another group is sick
at heart lest some of these values
which we gained at the reforma
tion may be lost." The differ
ences were termed "challenges to
the width or our vision" and to
the "steadfastness of our loyalty."
"The most momentous task
which faces the world of today, is
the warfare against war. It chal
lenges the church of Christ to ac
tion." The letter expressed the
firs- belief that , ''Christ is I too
strongly entrenched in human so
ciety to be conquered by war "no
matter how world wide."
(Continued from Page 1.)
the . housewife. I . thoroughly
enjoyed the Statesman eook
lng school, more than t can tell
you. I thought Miss Williams
was .most efficient, and her
sweet personality was very win
ning. Thb whole school was a'
lovely affair."
MRS. MAE YOUNG, 1S9X
North 5th street, said: "I don't
know really what to say 4s my
work keeps me away from them
whenever they are here; I only
get to step In for a minute or
so. But I do think, from what
I have heard and seen, that
they are a wonderful thing,,
and really uplifting. Cooking
schools bring together a large
crowd of women, who learn
more together with their com
mon interest than individually.
I really am Interested and so
glad that Salem does have the
privilege of having cooking
schools now. and then."
MRS. WILL MAY, 445 South
Capitol street, said: "Although
I don't attend the cooking
schools. I think they are a fine
thing for the community and
HOLLYWOOD
' NOW PLAYING
!
When she just dqes
riot act right, let us
1 oolc it over We
wilMhdoM
e,-and
you; at a minimum
price, too! Quick
. service -
High Street at Trade
workmanship. ' :
.aire housewives a lot of assist
ance. The list .of prises are
usually quite, appealing, too." -
A HEW OREGON STATES
MAN- REPORTER, who ob
tained interviews from women
'about the cooklcg school, said:
"Women certainly are a lot
harder to find and-talk to than
'men ever were. -I tried to call
five different women on the tel
ephone before I , found one at
home I know she was at home
because the line was busy. Men
were neer like this.".
MSI
VANCOUVER, B. C. Oct. 25.
(AP) Jimmy McLarnin, - Van
couver, will make his first appear,
ance in the junior welterweight
boxing division in Detroit on No
vember 23 aganst Tom Grogan,
according to announcement made
today by his manager Dick Dunn
of the Olympic, Detroit, boxing
club."
Terms of the match are de
scribed as satisfactory to McLar
nin. If McLarnin Is successful in
stopping the Oklahoma boy he is
to get a chance against "Mushy
Callahan for the world's junior
welterweight title in December,
it Is said. The place for this
bout has not been named.
McLarnin and Foster plan to
leave Vancouver next Wednesday
or mursaay ror Detroit.
cone school is
COMPLETE SUCCESS
(Contniued from Page 1.)
Martha Lottls. Mrs. A. B. Ed
wards, Mrs. A. Blaxall, Mrs. Ted
Harrison. Mrs. M. C. Honaker,
Mrs. E. K.lBailey. Mrs. A. C. Bish
op, Mr, tiu J. Shmnaker; Mrs.
Nadvornlki ' Mrs. Emma Brasher,
Mrs. K. B. McCormick .Sarah L.
Dark, Mrs. L. B. Rickey. Mrs.
John Brophy, Mrs. P. M. Hoyt,
Mrs. L B. Hein, Mrs.. Etta Magers,
Mrs. Wayne Barham, Mrs. J. P.
Mtelke, Mrs. F.-H. McFarland,
Mrs. M. M. Lewis, and Mrs. C.
Barhyte.
At the close of the school, Miss
Williams thanked her audience for
their attentlreness and their in
terest, declaring that of all aud
iences she had ever instructed,
the Salem audience was the most
responsive.
The announcement by . Mr'.
Brownlee of the prize winners for
the baking contset was the final
event on the program.
BACK AGAIN
ruesday - Wednesday
October 30-31
Big Stage
Shows
Starts Tflesday Eve.
ELG1NORE
fix it for
excellent
Telephone 1841
HI FIGHT DIVISION
Fanchon
Slarcb
EXIDIWI PAPERS
mm m i l s
LOS ANGELES, Oct. 25. (AP)
A. telegraphic search " for the
Los Angeles - county extraditian
papers for the return of Gordon
Stewart Northcott nere to answer
charges of murder, was started by
deputy Sheriff William Bright
late today when 4t became appar
ent that they had been lost en
route to Canada.
The papers should have arrived
there several days ago, Sheriff
Bright declared. The new delay in
the Vancouver hearing officials
here said, - probably 'will delay
Northcotfs departure for Cali
fornia, if extradition Is ordered,
for more than a month more.
It is understood that papers re
lating to the Wlnslow boy, issued
from Riverside county near here,
are not ready, either.
Compilation and assorting of all
the evidence' of the asserted murd
ers now charged to Northcott was
started in the sheriff's homicide
office preparatory to trying North
cott in Los Angeles county before
he is tried at Riverside. Local
charges are based upon the mur
der of the headless body found
last February at Puente, but the
entire case will be gone into by
local officials to aid Riverside
authorities, Sheriff Bright said.
OIL WELLS DRILLED
PORTLAND, Ore., Oct. 25.
(AP) C. L. Tostevln, district
sales manager of the Union Oil
Company of California, today au
nouncedL that two areas compric-
i i
in nit in
Formal Opemiii
Tonight at 730 P. M.
"
Bishop's Exclusive Shop
for Young Men
H
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p
ana
-5.
lng approximately eight thousand
acres near Ilwaco in, racmc coun
ty. Washington, have been leased
by the U company and will be
tested for crude, oil production
possibilities.
The two areas are known as the
McOowan and the Bear creek dis
tricts. The MeGowan area lies at
the month of the Columbia rive?
opposite Astoria, while the Bear
river area is located near the
mouth of the river on Willapa bay.
Rouinment Is now being shipped
from California aha it is the pu.V
pose of the company, Tosterln
said, to drill test wells in the mc
Gowan area within ninety days.
VThe entry of the "Union Oil
company into Pacific county In
search' of crude oil has followed
several months of geological re
connaissance by Its production xnd
TODAY, FRI., SAT.
Oar First Movietone
Football Pictures
xoutn Xackles Romance i
Scores a Touchdown
Synchronized with Music
and Sound
VTTAPHONE ACTS
MOVIETONE NEWS
id M
THIS new addition to our store represents over two
months of steady remodeling and construction work,
.We now have what we believe to be the finest young nien's
shop upon the Pacific coast. We cordially; invite all of
our friends and patrons to be present at this formal open
ing Friday night I
o : Free to Ydiirig Men
ldwMs:M ?Siyfe Coaclu' A 'style
Magazine devoted exclusively to young men's clothing
turmsnmgs, -
FREEOne Pendleton Indian Robh
We are giving away "FREE,-, one of our beautifurPen-J
-dleton Indian ?obes during .this formal opemngiPtotev
be here,; - .-w
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development engineers,' Tostevin
said. , "wnue previous iav w
mi oil 'nrodnctlon ' bare - been
made in the Pacifle northwest, all.
however. .Bave resulted in -ory
holes. '.. -
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n
p See the comedy kins; as
J J the ambitions stripling
X J Crom the bnsh-Ieagwes
I crash the gates to the big
I l tim In baseball and love.
1
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' ' if I SONG 5
3 fJtZ & I CONTEGT J )
! S Y&rk 8crecn - :?
:i icy LnnJJiiixJ x&ismiss ii
Today Matinee and Night
Vsrini-'nT ?
UMUVfll UwUtwWM i4fUMf U will Umm1 Lr J Umt hrfisj
-
rniVTrnv
wctmi'tnrea hare beenanalvrrf
andpassed on by some of the great.
est geologists in the country, t
tn result that this large expendi
ture of money on our part for ii
development is being maae.
MANHATTAN 5
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"THE
ALARM
CLOCK"
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This is one of the fastest
wimlMt ' comedies ever
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staged In . Kaiem. wwo p -j
away doll care and join I
the. merry crowds. It
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