PAGE EIGHT
The New OREGON STATESMAN, Salem, Oregon, Friday Morning, April 5.
RESERVE BOARD
GISI1I1
Stringent Methods May be
Adopted to Curb Loans
for Speculation
"WASHINGTON, Apr. 4 (AP)
The federal reserve board In a
statement today warned member
banks that unless they voluntarily
compiled with its request of Feb.
ruary 7 for cooperation in re
straining the use of federal re
serve credit .in speculation that it
might adopt other methods to
force compliance in order to re
lease credit for use of trade.
Protection of the country's sold
reserve, the board said, was one
of its most important functions
but that these reserves also "need
protection primarily against
was;erui adsorption into the base
of an unduly expanded domestic
credit structure rather than ag
ainst demands from board."
Speculation)! Boost
Rates On Money
The board recalled that In its
statement of February 7 it said
that use of credit for speculative
purposes was increasing money
rates at a time of year when they
usually were easy. The board's
announcement today also said that
in the February statement it had
tried to inlist the cooperation of
federal reserve banks and mem
ber banks in bringing about an
orderly readjustment of the credit
situation and pointed out that a
decline in brokers loans by mem
ber banks in recent weeks Indi
cated progress In this direction.
A continued development In this
direction, indicating a definite re
versal of recent trends, the state-
SEE
THIS RANGE
NOW
1 V I I " " - ,
tl
4
GREENBAUM'S
Department Store
MEN'S
ALL WOOL
Big Assortment
New Cloths
New Styles
Good Quality
$14.50 $16.50
$18.50 $22.50
$24.50 $28.50
Boys' All Wool Suits, 6 to 10 .... $9.50
Hundreds
ot Ladies?
$150
to-
$00
240 end 24G N. Ccsmcmal SL
ment added, would release an in
creasing amount of eredit for the
use of trade, and would lead to an
"easing of the money situation."
Pointed Warning
Given All Members
"In case the desired readjust
ment is not brought about by vol.
untary cooperation, however, the
federal reserve may adopt other
methods of influencing the situa
tion," the announcement warned.
For two weeks after the board
issued its February statement,
loans to brokers and dealers by
the New York federal reserve
member banks declined $192,000.
000 from apeak of $5,669,000,000.
Then they started upward again
and for the week ending March 20
increased $166,000,000 to a new
high record of $5,793,000,000 but
for the week ending March 27 they
decreased $144,000,000.
Entire Credit
Situation Reviewed
The board reviewed the entire
credit situation in its statement,
pointing out that growth of bank
credit in New York City has been
practically confined to loans not
secured by stocks and bonds which
increased about $200,000,000 be
tween February and the end of
March.
Reserve credit bank credits out
standing, it said, showed a decline
of $60,000,000 due in part to gold
imports during the same period.
At the end of March the total re
serve bank credits aggregated
about $1,400,000,000 or $300.
000,000 above the average level
for the five year period 1922-27.
This increase, the board said, was
due to gold exports which began
in the autumn of.1927.
The board stressed In its state
ment today; as it has frequently
before, that its primary desire was
to assure credit for trade and in
dustry at reasonable rates.
WISH ARGUE ON
WOMEN TEACHERS
LONDON. "April 4. (AP)-.
Vigorous replies were forthcom
ing today to declarations in the
conference of the National Union
of schoolmasters that teaching by
women in boy schools was a bad
policy.
Mrs. Leah Manning, vice presi
dent of the National Union of
Teachers, which Includes both sex
es, declared that the 16-year-old
boys in the open-air school at
Cambridge of which she Is head
mistress play a good game of foot
ball, although the whole staff is
feminine. She said she did not
believe in football for women, but
women teachers all over the
country "can and do teach boys
how to play the game."
Miss Essie Ruth-Conway of Liv
erpool, former president of the
National Union of Teachers, firm
ly believes that managements of
boys and girls is in no degree a
matter of sex. She quoted the
case of boy football players from
a "mixed school" controlled by
women, who won the school league
championship twice consecutively.
MASONARY VIEWED
WASHINGTON, D. C, Apr. 4
(AP) Development of Free Ma
sonry in Turkey since the found
ing of "the republic was reviewed
in an address last night by Am
bassador Ahmed Mouthar Bey at
a meeting of the Bsthseda lodge.
STRAWBERRIES IE
SET OirrflT HDWELL
Pupils of School Put On
Minstrel Show and Net
Good Sum
CENTRAL HOWELL, Apr. 4
, More strawberries are being set
out by a number of people in this
community. Henry Llchty has ten
acres additional and" P. Wood has
four more acres set out. Thomas
Lovre and Walter Binegar have
also set out small patches this
spring.
The pupils of Central Howell
presented a negro minstrel Friday
night which was heartily enjoyed
by the community. The school net
ted $35 on the play. This sum will
be used to purchase baseball
equipment for the team.
The news of the marriage over
two weeks ago of Mrs. Nellie Tuve
of Central Howell and Willard
Stevens of North Howell surprised
many in this neighborhood. Judg
ing by the noise heard Tuesday
evening It Is thought that some
must have recovered sufficiently
from their surprise to stage a
charivari.
Theodore Kuenzi Is helping H.
L. Llchty with his farm work this
spring.
Since Pratum has decided to
build a new school building the
board of directors, consisting of
Mr. DeVries, chairman. Otto Ben
tier and John Roth and Claude
Ramsden. clerk, made a trip of
inspection to the Central Howell
school. They were very much
pleased with the building.
Mr. Fox, supervisor of schools,
visited at Central Howell Tues
day. ,
The two children of Mr. and
Mrs. Elvin Herr are better. Mar
jorie is back to school but Roy is
not yet able to attend.
A new family has moved into
the Roy Matthis place.
Mrs. Adams of Salem visited
her daughter, Mrs. Frank Way,
and attended the negro minstrel
last Friday.
Mrs. Mabel Martin, the princi
pal of Central Howell school, and,
Mrs. Nell Hillficker, primary'
teacher, have accepted their posi
tions for the coming year.
Central Howell played a ball
game with Middle Grove Sunday.
Central Howell won the game.
DREeOIV NDRMRL HAS
GOOD AWARD DAY
MONMOUTH, April 4. Mem
bers of the basketball and wrest
ling teams of Oregon Normal
school were presented with their
monogram sweaters at convoca
tion Tuesday morning.
Homer Dodds, faculty chairman
of the athletic committee, announ
ced that the Willamette valley
conference is to be done away with
the spring, and that the proper
way to end the conference as well
as to close the school year of ath
letics, would be to win the. cham
pionship in the three remaining
sports; track, baseball and ten
nis. Loving Cup Won
The large silver loving cup won
Faithful Dog Has
Fine Time Keeping
Marshal Pacified
WOODBURX, Apr. S. A
faithful dog helped three in
toxicated transients to evade
arrest here Tuesday evening.
After failing to approach
near to the strangers the
marshal was forced to give
them the order to "move
on," after they had spent
some time creating a dis
turbance along Front street.
by the basketball team this year
for the third time consecutively,
was presented by Coach Wolfe to
"Tiny" Ayres, who on behalf of
the basketball team gave it into
the custodianship of Winfield At
kinson, student body president.
The basketball men receiving let
ters were: Ayres, Watkins, Young.
West. Swattx. Schrunk, Chapman
and Findley. Everett Newton, stu
dent wrestling coach received a
monogram sweater, earned I n
wrestling.
Sweaters Awarded
Order of O. sweaters earned by
wrestling were presented by Coach
Newton to: George Gillis, Ivan
Ginther, Spud Rowland, Kenneth
Ramey, Harry Lefever, Dave
Phelps and Edgar Smith.
The cups which will be present
ed to the winners of the individ
ual tennis tournament events were
displayed before the student body
to stimulate interest in this all
school ter.nis competition., A tro
phy will lo presented to the win
ner of tve women's singles; the
men's singles; and to each member
of the wins rs of the women's and
men's do-bles; and the mixed
doubles.
n
ACQUITTED
ON DEATH CHARGE
K N HAS
E.C.
ATTACK OF HEART
ZENA, April 5. E. C. Higgins,
pioneer resident of Zena suffered
a severe heart attack Saturday
which necessitated calling a phy
sician from Salem. Mr. Higgins is
confined to his bed but is very
cheerful. He gets many letters and
cards each day and receives num
erous callers. On Saturday night
his nephew Guy O. Smith and
small son of Salem were visitors
at the Higgins home. Sunday a
cousin and his wife, Mr. and Mrs.
Frank McLench of Lincoln visit
ed the invalid.
Walker Purvine accompanied by
Miss Georgina Briggs, teacher of
Lincoln, Miss Lillian Reynolds,
Zena school teacher and Miss Dor
othy Shephard motored to Albany
Saturday night and attended the
splendid program sponsored .by
the Spring Valley Comunity club
at the fine new community hall at
Albany.
An Easter egg hunt was a spe
cial feature of the Zena Sunday
school Sunday, March 31. The
spacious grounds surrounding the
church were used as hiding places
and young and old participated in
the fun.
A number of Lincoln folk en
Joyed a trip to Albany Saturday
night.
Those from here who took part
in the program given at the com
munity club hall at Albany were:
Lucille Hackett. who gave two
readings, "Ladies Aid" and "Son,
are ypu Washed." Miss Georgia
Mills danced the Highland Fling
in costume, accompanied at the
piano by Mrs. Alven Madsen. Mrs.
W. R. Edwards had one of the out
standing character parts in the
play "A Family Affair," and Mas
ter Robert Madsen took the part
of one of the twins In the play.
SEATTLE, April 4 (AP) Dr.
Royal B. Tracy, Seattle physician,
was acquitted of manslaughter
here tonight by a superior court
jury which deliberated little more
than three hours. The state had
accueu y. "u""f. HUBBARD, April 4. A group
death of Miss Ella Viola Fallis by lf gtudent8 of tne Hubbard high
Students Pay
Teacher Real
Heart Tribute
ammonia to revive her from a
drunken stupor.
The state contended that Dr.
Tracy was negligent in his admin
istration of aqua ammonia and in
not giving an antidote after he
discovered the nature of the po
tion given the girl. The defense
held that the potion was not given
in sufficient quantity to cause
death and that th doctor was jus
tified In not administering an an
tidote. Judge Calvin S. Hall instructed
the Jury to disregard the state's
allegation that Dr. Tracy was in
toxicated when he attended the
stricken girl and to bring in a
verdict of acquittal if they held he
exercised his honest Judgment in
caring for Miss Fallis.
THEOLOGIST DIES
CHICAGO, 111., Apr. 4 (AP)
Dr. Gerald Birney Smith, 61. pro
fessor of Christian theology in the
divinity school of the University
of Chicago, at Dayton, O., is dead
here. He was the author of many
widely circulated books on theol
ogy and ethics.
Member Affiliated Buyers
o Wo
A HOME OWNED STORE
21 1 North Commercial St. Phones 1371-1372
THE BEST Costs you less at Affiliated Buyer's stores, due to the tremendously
large buying power of 450 of the best independently owned stores on the coast, em
ploying more efficient merchandising methods with reduced operating costs our
prices reflect your saving our quality-quality insures satisfaction.
49-lb. sack Cere tana Flour dt OA
(milled from Mont, hard wh.) $lOU
100 pounds Netted Gems or
Burbank Potatoes
16 pounds
Sugar
1 pound
Golden West Coffee
1 pound best
Creamery Butter ....
3 twin loaves of
Bread
6 pounds Blue Rose
Head Rice
4 pounds Thompson's
Seedless Raisins
3 cans Grand Island
solid packed Tomatoes
Wax String Beans
1 large can '..
5arge bottle
Armour's Catsup
3 packages
Shredded Wheat
Quart can .
JVesson Oil
$1.29
89c
47c
49c
25c
39c
25c
45c
10c
17c
29c
49 c
Quart can -
Mazola Oil
2 pkgs.
Citrus Washing Powder
10 bars of
White Wonder Soap
Large bottle
Clorox
Large bottle
Mrs. Stewart's Bluing
9-lb. sack
Fischer's Rolled Oats
5 bars
Fels Naptha Soap
One carton Matches
(6 boxes) .
Mazda Electric Light Globes
60-watt inside frosted, each .
2 pounds Hoody's
Peanut Butter
4 pounds bulk
Vegetable Shortening
3 pounds
Italian Prunes 30-40
1 pound
Fireside Marshmallows ...
We have a real special on
Brooms. Try one at
WE SPECALIZE IN FRESH FRUITS AND VEGETABLES
Independently Owned - : , Personally Operated
Free Delivery to all parts of the city, , West Salem, Salem Heights
school, who were pupils of Prof.
W. E. Dillon, former seventh and
eighth grade teacher at Hubbard,
motored to Molalla Saturday
night to honor the birthday anni
versary of their former teacher.
Professor Dillon, who is principal
of the grade school in Molalla,
was presented with many gifts
and lovely birthday cake baked by
Mrs. George Knight of Hubbard.
The group included the follow
ing students: Miss Wilma Dick.
Miss Marie de LespJnasse, miss
Tava Morgan, Miss Helen Knight,
Miss Hazel Ingals, Miss Louise
Voget, Franklin de Lespinasse,
Rollle Bidgood, Marwell Smolnis-
ky. and" Willis Duncan, other
Hubbard guests at the party were
Ben Miller, Fred Parsons, and
Miss Taletta Voget, who drove her
father's truck.
IT ALWAYS PAYS TO
TOABDE AT BEBS1HIS
UPTODATE
You'll find all of Irish's Cash Store up to date with a good
clean stock of merchandise priced right in good, plaia figures
and served expertly and Courteously by trained grocerjnnen.
Features for Friday and Saturday
34c
White Wonder Soap
10 Bars
Otter Oval Sardines
1-lb. eans 3 cans . .
Oregon or Federal
Milk, tails, 3 cans
Del Mali Corn in the
inal Del Maiz brand
2 cans
29c
25c
orig-
35c
Gold Leaf Fancy Peaches
2,s in heavy syrup
3 cans
Wesson Oil
Quarts, tin
Cane and Maple Syrup
5-lb. tins
Hershoy'a Cocoa
-lb. tins, each . . .
49c
49c
79c
11c
Regular Money Savers!
Fresh Fruits, Vegetables
Lb.
Lean skinned Backs 33c
Bacon Sides, lean 35c
or whole 32c
HAMS, i2
YORK-DAISIES
Ready to bake ..
45c
Bananas 3 lbs 23c
Large Oranges, doz. 25c
Cabbage, solid hds. lb. 5c
Grapefruit Florida
Large size, 4 for 29c
FEED DEP T. ,
Baby Chick Scratch $3.35
Wisconsin Chick
Starter 4.00
Egg Producer 2.80
Laymore Egg Mash 2.65
Climax Dairy 80's 1.80
Dairy Ration 2.45
Full line of chick grit,
shell, carcoal, etc. for
Baby Chicks
Kellogg's All Bran
Large pkg
Sperry's Hotcake
Flour, 9-lb. sk.
Kerr's Rolled Onts
9-lb. sk
20c
69c
49c
FLOUR
blend
49-lb. sk
Valley Rose Fine.i
$1.49
DALLES DIAMOND
bread baking
49-lb. sack . . .
for
$1.89
Every
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back.
sack guaranteed to
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Irish -Bings Cash Store
598 N. Commercial
Phone 955
LOCATED
In the new Market building using Fresh Milk, Butter & Eggs
in all baking and maintaining the same high quality in the
preparing of all other foods, has built a reputation for this
lunch counter that has won the praise of all those who really
appreciate better things to eat.
East a nice lunch for 35c
Or a Dinner for only 50c
A 50c dinner is a feature for the evening meal
The Market Coffee Shhp
Director--''Now, register PleAsurel", ,
Stx,Thafseasy...uith QMcnWest Coffeel"