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About The Oregon statesman. (Salem, Or.) 1916-1980 | View Entire Issue (April 2, 1929)
M SEEK Til HAVE PERMITS .-V 1 .Schafer Creek Irrigation Privileges Among Those . Requested G. : M Gilmore and .Harry E. Payne of Curtin bare filed with the state engineer application to appropriate water from Schafer Creek for Irrigation of "20 acres of land in Douglas county. : Other applications for water permits filed in the state engin eer's office daring the past week follow John If cFall. Olene, water from Iiost River, for irrigation of 112 acres in Klamath county. O.' C McVVillls, Bayview. water from unnamed tributary of .Alsea Bay for domestic purposes In Lin coln eounty. Bostwick Wants Rights - i Roy,N. Bostwlck. Baker, for a permit to store 4 4 9 acre feet of water la Twin Falls reserroir and 'to appropriate 60 seconds feet of such storage water for, Irrigation of 440 acres in Baker eounty. City of Dundee, water from two springs for domestic, dryers and packing purposes in Yamhill coun ty. . August Wilson. Aurora, water from Lire spring for Irrigation of S acres in Clackamas county. William Schrump, Oregon City, water from springs and unnamed creek for' Irrigation of 39 acres and fUh pond in Clackamtsteoun- JUbert P. Knowles, Mapleton, water from tributary of Slustaw river for domestic purposes in Lane county. ' Want Water From Klamath H. H. VanValkenburg. Ashland, water from Klamath rirer for ir rigation In Klamath county. F. S. Scritsmier and H. C. Ka ren.. Portland, water from Trout Creek for power and domestic par. poses in Multnomah county. K. Dean Butler, water from dier. Robinson and North fork of Silrer creek for mining and do mestic purposes in Josephine coun ty. J. H. Conley. Myrtle Creek, wi "lef from North Myrtle Creek for irrigation of 8 acres in Douglas county. W. C. Gibbs. Long Creek, water from Long Creek for irrigation of 30 aeres in Grant county. O. Dieckhoff. Alsea, water from unnamed creek for domestic pur noses in Lincoln county. f. IV Mann. Pendleton, water from Crawford Hollow Creek for SO. 81 a nr luiil iststement or Ha aland Insarmaee Company Ameriea. t Hw York, is tha State ol ew Tard ea tha thirty-firt dr Daeaaiber, 182S m..Am to tka laauraDva Coauaitaioner ! tha- titata el OrfOn. putiMt M aw . Aaonat cap:tl P'C op, SS0O,- aio no. - TNTOME If at premiumg rec.vel darUg tha JT, im; ill ,1 latarest. d"iTidnd and renta reeaiTad iriac tha yaar. S3S.872.42. IacaoM treat other aoorcas rectiTa iuriag tha y.2-3 Jfat laMaa paid durinc tha yijar Inelo I)iTidaa paid on capiul atack daring tha year, KU. . . . CaataHkaioBi aad aalanaa paid daring tha "yesr, S107.S64.14, .... Taxee, lieenret and feel paid Caring tha year. flS.JSO.SO. Aanit ! aU aaar zpenditarea. TeUl axpasditu. $240,557.53. ftSFTK Value ( real artate owned (market '"vilaa'ateckt and Vends awned (mar ket Talus), i.ui.7.u. . Laaas a aiortgagea n collateral, etc.. 9lr.. l. V..V. mmi on hand. S84.970.07. Preminma in eoure of Mliactiaa writ- aan ilww ww, - Intareat and rsnta doe .and accraed. Beiaaoranea recoverable en paid Masea. 5Tt2 admitted aeta. S1.2S4.412.81. .Grata claima for lotaea anpaid, S37.S87. Amannt af naama. pramiama oa au awtatandiar ", .w.i- ' . Dna for - commit lion and rasarage. - Total Kahilitiee, exelaarre el eapttal tack af S600.000.00 $400,101.67. BUSINESS IX OREGON FOR THE TEAR Net prammma raeaiTcd daring the year, H'.ii'-.IJ J.riu tha vear. $41. IS. Imim Warred during Ua year, $1,- Kama at aompasT Tha Homeland Is Mraaea Company it America. ZJZLJA.mt C. T. ahaUerett. Varna of aecreUry Robert Newboult. Statutory retkleat attorney tar aarrtce a Hi E. smita, onicuo, vro. h ' (if. va. as - Sraoaei af tha Annual SUUment of the SLifiald Fire Marina laturane .Ce aTSpriagHnid. ia the State af Z: atts, oa aa M"nr "t, t r ! aaada to te Jnaaraaoa va" ar the fiUta at Oragoa, paraaaat fcwi '- CATITAL ' : A Miat at capital stock paid I4.SOO.W0.00. Ketreamima receiTed during the year, ai ant A , . .... duriae tha year, SL22.27LSa. iiamT W-;th. JMNjr-s ta4iTad aTanaa: tea year. f ii.v.' tIu! iacaaw: tlS.44S.lS4 . W aid darias Mta aar iaelud- liVUea:r atM oa capital alack daring She year. S80.000.O$ t - ' V OMBaaiHiaaa aad aalariea paid daring iho rear, $S.S4.SS.S - . . ' Ta"7 lieaea and iees psM duriag Aaetit ti ill ther axpasditarat, fl, 4Toat htifr. SlS.S78.ld4.SS. , v - ASSETS ' - Value if . real eetate ewa (market wla $38,655.62. ' Vatna ad stnekn ' 1xt owned (mar ket Tatua). S2S.868.420.50. . Leant mortgage aad eoOstsrsl. ste, f 1.718.820,00. .o a.a Cak U bank and oa hand. $2,038,- 1"premium !a coureeof enaetlaa writ iee are Sept. 80. 1928. $2 414,153.45. II atbarsawtt. $172,455.58. . Int ott aad renta ..dun and eerued. Total admitted- uaeeta. $17,023,868.67. Grora claim f -U-?;'? Amom unearned pieilama aa ail t.taadiaV rUka. . fjA(. Dna for- oommiMtoa aad BTokeragu, 8AM?iher HaVfllties, tt.lU.Wn. , Toul liahiliUea. ,"'tl atk af $4.50O.O00.OO--$20.OO7.$87.7S. : BUSINESS IK OREOOS . ! vT - roa THE TUB -yet memluma recwTeaV dariag tha year, ' Iiowea paid durisg Ihs yr. $64,810.1$ Um laeurrod during the year, Vt,- 5Ku af Cempany -SpringtUll Tire A Merino Inamranea Cav ... " r Kama preeeneoO. Bulkier. Name f secretary E. H. Hildreth. - Statatocy resident utiormey for Mrrlee aA. P. Holdem, Jr. . . ;v J Coaotitutioa nndarwritora f Ua Sprinr $3td. I. M. las. Co. .' Kt preenioina. IAH1.M. ; - ; -. T '--carTod. $1A1$J7. - - -r ii.-fimiik Agency, 872 Court - , Orefon. - V- '-;.:."' WHERE POPE MAICES FIRST VISIT AWAY, FROM VATICAN s ?V : f?h-'r-i 11 , J ; ! . f 1 2UiU t Vz Tr ' I -' jTzi: :: The cloister of Montecassino, which lies between Rome .an4 Maples, first' spot planned to be visited by Pope Pius XI, left, outside ratican. Phis visit to Montecassino celebrates the.lCOth anaiycrsary of Saint Benedict.. The cloister is shown on tbo rights irrigation of 26 acres and stock purposes in Umatilla counyt. Harry W. Laipple. Wilderrille. water from McGee Creek, for mln- t i , i Joha P. French, Long Creek, water from Long Creek for irriga tion of 93 acres In Grant counyt L 4 Teachers Are Drowned When Car Hits Water MT. GIGEAD. O.. April 1. (AP) Four school teachers, en route to their homes for the East er Taxation, were drowned last night whea. their closed automo bile plunged: 'into a- creek- near here. " ' The dead are: Hiss Hilda L. Lehman. Colum- soi-tdus, teacher in the Chagrin Falls high' school Miss Elizabeth Munyan, 21, Co- lambua, , music, instructor in the Lerittsburgh high school. His Ruth Lukens, MariorT, and miss Ada jdicnener, WaynesTiue, both teacher in, the Chagrin Falls blgluacBoeL Glass in two windows on the side of the car turned upwards was broken, indicating the worn en had fought to.free. themselves. ASTEB CELEBRATED RIO DE JANIERO, Brazil, April 1. (AP) The youngsters of Rio da Janeiro today amused them selves in celebrating the end of lent by hanging "Judas" effigies to lampposts and dragging stuff ed figures through the streets stoning and kicking them. KO. 17 Syaopeia of the Annual Statement of tha Retail Hardware Mutual Fire Insurance Company of MinnoapoKa, ia tha State of Minnesota en the thirty-first day of Do eemher, 1928, made to the laauraaeo Commissioner of the State af Oregon, pur suant to jaw: CXPITAI - Amount at catHtal atoek ptid up none. IXCOJfE Ket premiums receiTed during the year. 3,Z.3VU.lf. Interest, diTldenda and renta receiTed durina- Ue rear. S193.3S0.S3. Income from other aoureet receiTed duriag the year, $4,869.89. -Total income.. $3,445,750.99. DISBURSEMENTS Net lossea paid duriag the year inrlud inr adjustment expoaset. 8903.258.87 DiTidends-Spaid duriag tha year, $1, 291.178.87. Commissions and talariet paid during the year, $411,367.50. Taxes, licenses aad feet Paid durinf l Be year, aaa.iav.BU. Amount o( all other CKDendituret. Tout, exnenutures. S2. B22.C37.94. ASSETS Value of real estate erwaed . (market Talue). $306,598.50. Value of bonds owned ( market value). B9az.via.3. lBa.from Reinauring companies (Sched ula E. 81.524.67. Cask ia banka and aa feasd. S3S6.- lTz.aa. Preminrnt ia course of collection writ tea since Sent. 80. 1928. $466,159.61. Interest aad rents due -aad accrued. Total admitted assets. S4.441.8S7.36. LIABILITIES Graaa daima for losses aauaiC-S167.' 008.O9. Amount af unearned uremiuma on all aumaaauic rtsks. S2.050.19S.30. - Dae far eemurftsio aad brokerage. i.g.so. AU Other liabilities. S68.983J8, Total Kahilttiea. exehttiTe of . survlut at a,iu.zoo.o3.tfoi.aia.aT. auaia-Ess in okegox rOB THE TEAR Ket wia received Anrinr tlte Year Loesea ai earing taa year. $4,858.21 Ine sea incurred duriaz tha year. S4. 907.21. ? . , .. . - Kaaso of CocaMny BetatI Hardwara Mutual Fire Iaauaraee comaaaT. . - . Kama f nroeideat Caaa. r. Idaer. Kanso of aocrstary- Tboa. 0. MeCraekaa Btatutary roalCeat attorney for Ties H. Martin, Pertlaed, Oregoa. KO. 87 Synopsis af Aaaaal Statemeat af tha Great Lakes lasurance Comaanr at Chi' cage, Illinois, ia the State of IlUaaia. am i tbirty-fjrat aar c December. 1S2S. made to the Iaearea.ee Commissioner af tea State af Orogoa. pursuant ta law: CAPITAL. . Amouat a I capital stock - aald ua. twv.wu.vu. - IXCDME . . - 1 Ket premiums recaiTed' Car lag the yssfC $509,062.21. latere rt. aUTiaaada aad -rente reeaiTad dariag tha Tear. SS3.64e.49. . lncasno xrom otaer aaarcea racatTod duriag the year, ss44.Tto.oo. ' r VWEUBr.MCTS Ket lostaa paid duriag tha year laelu- Ug adjustment expeaies. $217092.7S. ' DiTidaada paid aa capital ttock dur ing the year. $40,267.00. Commisaioaa aad aalariea said , duriasr tha Tear. S2S1.SS1.8S. vaxea. itceaaea and sees saic auruis tao year, us2.1s1.su. , , Amount OI au otber txeaUtare. S64. 789.15. v.,,, TaUl stpesditurea. 8555,842.18. ASSETS - ,-. i ' . -Value af real estate owned I market Tame), none. . ' Vaiao af stocks aaaeade awaaa t mar ket Talae). $950,1600. Laana aa taortxarss aad ceUateraL etc S561.50e.00. Cash ia baaJta aad aa hand. 883. 278.77. ' - - . :. Promiauta fa eourau ac rollectioa writ- tea aiaee Sept. 80, 1928, $89,830.78. f24.T45.2S. - V Other admitted, assets. $11,634.94. : Total admitted aasets, 81.720,745.25. - LIABILITIES r ' Groat - claima for lotsot aspsU. 849-.- TTJ1. , Amount f unearned wremiustS'wa su autataadiag riaks. 856S.244.OS. . Iua far oommiasioa aad . krakeraga, Koao. j AH Other lisbilitieo, S1TC.37S.S2. i ' Total liahiUtioa. oxctusira of capital ftack Sf $500000.00 $792,496.92. . . " ? 10 THE YEA, " Ket vremiaass receiTed dariag tha year. $23, 608.80. - - , - Jjoaaua paMi aartae taa year, sii.Z73.95 Loeaes laourrod dariac tha year. $12.- 559.55. -... '-i- -w. Kama af coaosar Croat Lakes Insur ance Compaay. Kama o( pres'eat Tj, Pie trow ski. Kama af aaerstary Juliua f. Smiotaaka Statutory resident attoraey-for aerrico Jooea Weatherly Comoany. Partland. me new OREGON Hysteria Again Hits Stock Market With Maiiy Prices Tumbling; Call Money Up By STANLEY PRENOSIL Associated Frees Financial Editor NKWTORK, Apr. 1 (AP) Call money went up -and stock prices went down today as a fresh ware of hysteria swept through Wall street as a result of. unfavor able credit developments over the three-day stock exchange holiday vExtreme declines in the active issue ranged from SS to 122.50 share !but many of these were ma terially reducedjn the brisk rally which developed in Ihe last hoar of trading. Final quotations show- ed a long list of net losses rang lng from $2 to $12.50, a share. Despite a rather steady stream of buying and selling orders, the day's sales were only 4.162.830 shares, or slightly, more than one half of last Tuesday's record breaking session. Market Exhibits Qneer Characteristics Curiously, the best prices of the day were recorded in many in stances after the call money rate nad been marked up to 15 per cent after renewing at 10 per cent; Jast as Tuesday's recovery reached its peak following the advance in can money to 20 per cent. The" " heavy accumulation . of week-end selling, which, resulted in several "bunched orders" ot5,- uuw 10 iz.uvv snares in me open in dealers, was attribted to the following factors: Senator' King's proposed investigation-, of stock peculation and the suggestions 1n other congressional quarters of legislation to prohibit federal re serve member banks from loaning funds to margin speculators; re vived agitation for an increase in federal reserve redsicount rates, coincident with the beginning of conferences of the governors of the 12 federal reserve banks; the controversy over the action of Charles B. Mitchell, president of the National City bank. In supply ing funds en call in Tuesday's cri sis; the disappointment over the federal reserve brokers' loan state, ment which showed a decline of only 2144.000.000 as against an Increase of flCO.OOO.OOO the week before. Dnrant Criticises Board's Statement W. C. Dnrant, a member of the so-called "big ten" group of stock market operators who have man aged some of , the biggest pools in the recent "bull" market, sent a telegram to 100 leading business executives . today. . attacking ihe federal reserve board for giving the Impression "that oar best se curities are selling above their value" and stating that the recent credit policy of the board. Is threatening the prosperiyt Of the country. . , - - The rise in call money from 10 to 12 and thence to 15 per cent HEARINGS KXD SOOIT WASHINGTON. Aoril 1. (AP) The house agriculture commit tee decided today to end Its hear ings on the farm relief question next Wednesday except for sever al witnesses who will be unable to reacb Washington before that date. " : ' -v. ;" ! KO. BTfleosia or tha Annual Statement af tha Michigan Fire aad Marino Insurance Ca. of Detroit, ia the State of Michigan, oa tat tatrty-firat amy of veeemoer. iszs. mode ta the lasaraaea Oeeamisaioaer ol tha Statu af Orecmn. noranaai to lav:. 1 ' vAFITAu Amount af capital- stack -paid aa. $400,000.00. : " ' ;f Ket premiums reeaiTad durlar tha rear. $1.85T.S 69.75. t , ' Iataroatv diridenda and renta raesiTod baring te Tuar. 9' iB.aa.11. Iaeoaso front atnor - aourc durinc tha rear. S11.S1S.00. ' aeurees receiTed .Total taeomo. ui.atts.iia.Ks. - CISBUESIMENTS Ket losses paid dariag the year Inclui g adjustment expenses, $858,077J8. PiTideada paid aa capital stock duriag the 1 year, noao. -Commisaioa and aalarias said Curinx the year SS88.818.S3. Taxes, licenses and fees paid duriag tha year, $55,458.15. Amount at all . ether xpeaditurea, $182,801.23. . Total zpeaditure. si,S59tTS.lS, .. Assrrs Talaa af real aetata ounsod f market value), aone.. Value af stock and Vrtad avnod (mar ket vnhma). Sl.T27.lSa.0O. Leant oa atortgagea sad collateral mte Cash ia baaks safi sa hand. S150.- 998J4.- fromiams fa courao of collect ton writ- taa aiaea Sept. $0. 1928. $285,409.75. Interest aad rents due .aad accrued, $29.910.24.. . maor users, tain.osi.eo. ' Total admitted assets. 82888435.08. UiBIIJTltS ros claims far losses Bapaisttl$9. 651.68. t Amouat af unearned sreiaiumg tut sa aatstandsag risks, S1.550.539J0. Duo tor commission and brokerage, 8.- SSO.00. - - All other ItabiUtiea, $.S4S.9T. ' ; . Totsl liabilities. eselutiTo af capital ttock Sf $400.000 $121.289.90. ,,. - BUSIMCSS IN OREGON FOR TBB TKAB, Ket uremiuma receiTed duriag the yean $10,086.47. lioeues paic atntt mo year, sz.tss.uv. Losses incurred during tha year. 82.- $23.14.- - v Kama tvf " company Kkhifta Firs A Ifsrioe lasaraaea -- . amo of president Tf. o. ButkleyV : Kama of aecrets rr H. X. BTorott'- STATESMAN, Salem, Oregon, Tuesday Morning, April 2. today, following a decline from 15 to 8 per cent in Thursday's mar ket, was attributed to the disin clination of bankers to loan funds In view of the criticism aroused by Mr. Mitchell's action; the holiday aboard which eat off a possible supply of funds from European bankers, and the delayed return to the banks as deposits of the April 1 disbursements. m Li Liu uLL ' '" . a Mcdw fire Me w Aifflv&imcedl Sjpairlk cmslly laWsati- Ce4bythe ' Biise as TTlalle Strfsw ,;.V -v.- " PROPER METHOD TO PU CODE BED Bar Association Names Com mittee To Go Into V Matter . A committee headed by Dean Roy Hewitt of Willamette univer sity with William Levens and Mar tin Ferry as ether memberH was named Saturday afternoon by the Marion county bar association to make a report on the association's recommendation for a proper method of printing the new code of Oregon laws. . , The committee was asked, to in vestigate, the most feasible method of attending to the Job. Whether the code shall be divided Into vol umes, one for criminal and one for civil law or whether the code should be confined to one' or more volumes without regard to sub ject matter., is the question the committee is faced with. Recommendations of tne coml mittee, if approved by the bar as sociation, will go to the Judge of this district who will In turn pass these recommendations on to the printing committee. Republica tion of the Oregon code- was agreed upon by the 1929 legisla ture. ... The bar association meeting which is a monthly 'affair, was held In the Marion hotel. Judge O. P. Coshow addressed the law yers. - -LABORER SUICIDES WILLOWS, Cal.. April 1. -(AP)- Facing a serious operation, Harold A. Brown, 81, a laborer, committed suicide at the county hospital today by cutting his wrists and throat with pocket knife. TSTrong Way ' aCsss CmMmlims t " 1929 Girl's Corpse is Identified Fully As Lost Student SPRINGFIELD, Mass., April 1. (AP) Positive Identification of the body found in the Connecti cut river Friday as that of Fran ces SL John Smith, long missing Smith college student was made by her-dentist. Dr. Carleton W. Wood, of Pelham, N. T., today. Dr. Wood brought with him frOm Pelham four molar bands which he removed three years ago from Miss Smith's month. Kach of these bands fitted: perfectly on teeth of the dead glrL Other den tal work also was identified by Dr. Wood. E WASHINGTON. April 1. (AP) Nearly a dosen embassies and legations received their annual li quor shipments today. An unoffi cial estimate said the consignments aggregated nearly 800 cases Only a part of the shipments, however, were moved into Wash ington from Baltimore. The re mainder were stored in Baltimore warehouses because of a fear of bi-Jackers as a result of the un precedented publicity given the arrival of the liquor's. The truck carrying the British shipment was stopped by police six times between Baltimore and Washington and the attache aboard the truck was asked to display his customs permits and credentials each time. All of the foreign mXssionshad made - arrangements in advance with trucking companies when it OH J EMBASSIES EE THEIR RUM inhnirdl IY8),ip -". ; IPweir ns TLatf estt AcMevemensitslI SINCE December 1926 Union-Ethyl has been breaking world's records in every line of high compression en deavor. It has been paving the way for a new era of high compression pas senger cars. And every day it has been rendering peak performance to thou sands of western motorists. Now, as it starts its third year, Union-Ethyl offers you a further improvement New Advanced Spark Power. By taking advantage of it you obtain the maximum power your car was designed to deliver. You realize for the first time, maximum mileage. Ask for Folder The complete details of this noted advance are described in a little book- . let obtainable from any Union dealer Drive in and ask for one at the fixst opjMrtuxiity. -vfUi- ; " ' Six OQurPioTuenngAdtievemenU of the Union Oil Company L Built the first refinery in the WesL 2. Dedgned the first oil burning lococnotive. 3. Gonstrncted the first pipe line to tide water. 4. Comraisaonfd the first tanker ever used on - the Piudiicr;g,. -V?X&ZlA& S Dbcovered the method of securing oil from" below the 2.000 foot leveL ( ; 6. Brought in f our ol California's greatest oil Afidds Santa Fe Springs RkhfieUr-Do - rningner-Rosecrans. - Wrong-Way Cafvatsstresf apmrte : ak. - lulls SS m traffic. ' ledacsd to ' acooad4400i. par squats fasch ..'VA Csntntg Paha Of was learned that the consignments were about to dock. A reception committee consist ing of Baltimore police, prohibi tion agents, custom men and news paper correspondents greeted the truck drivers and the officials of the embassies as they arrived at the docks in the Maryland city for their shipments. Two of the more daring drivers indicated that they did not fear hl-Jackers in spite of the publicity which had been giv en their movements. j 2 -MORE DAYS Black Tulip Narcisse By "De VonnV Present this coupon and only 95c to help pay our local ad vertising expenses, salesladies, express, etc.. and we will give you Free without further cost Two Regular 12.00 bot tles of French Perfumes in Narcisse and Black Tulip odors and also a f 1.00 box Black Tulip world's most exqutsite face powder. All 2 a 25.00 value for Just 98c this offer good only until Wednesday night, April 8. CAPITAL DRUG CO. 405 State ;; 4 .,; ;. ; ,- .4 p Klght Way" Isfaf vsnaccsf SpmrU , - , CaIsl8SSe 1". . . - Baaaaastaa I ''"' """.' ' " - nilassfe .1 - : J I -- " I - '-' t . Dismabsad I -.aw ' atoendSOOlbs, per squats iodt "TNE INCORPORATED Articles of incorporation of the Interstate Mines. Inc., have been tiled at Baker. The company .will develop the La Bellevue mine, in the Granite district. TOLL STATION PLANNED For the convenience of the trav eling public a telephone toll sta tion is to be established near the summit of Greensprings mountain on the highway between Ashland and Klamath Falls. U LIE IS! Genuine French Perfumes This Coupon Is Worth $4.02 jr. H. wniett a - , - . . . . . - - . Iaauranca Courmissioner. '