1 . , . What Corporations Earn 'Glancing over the Dregonlan for Monday, corporation report how that these large .return a that the graduated Income tax hounds are always demanding should be filched, need not necessarily mean a large rate per cent on .the investment. For instance, there is the Alligator company. In 1928 It made less than three per cent; the American Home Products company less than four per cent; .the National Department Stores company of which Unman Wolfe of Fort land are a part, made less than three per cent; the Public Service Corporation of New Jersey less than four per cent; the Indiana Refin ing company lest than one per cent and so on. The International Harvester Co., came up a bit, making 5.99 per cent In 1928 as against 4.71 per cent in 1927. And this is the way they run; Thousands of Corporations lose money. Thousands of others go broke and yet the old game of "baiting" the corporations goes merrily on and probably will continue to do so so long as politicians can get into office .that way, -OorTallls Gazette-Times . . -Even Homer nods. If the uniformly accurate editor of tne Corvallis-Ga-zette-Tlmes had read the earnings reports more closely he would have observed thafcthe figures were, "dollars per .share not per cent. In the old days of $100 par value for stock, dolllars earned ner share would be 'per cent. But corporation financing maintains its innocence of high earn ing power through the medium of ."no par stock" . , - Let us examine the reported earnings ot these compan ies so far as knowledge of their stock structure is at hand. American Home Products is a -no par stock, its last offering to stockholders being at $44 a share, which means earnings of over 8 on this cost. National: Department Stores is an other no par issue, its last offering being at $40, which gives an earning power pf about 7. Public Service corporation is a real pauper. Its earnings are a little better tnan $j.uu -per share; but this is a no par stock. In 1923 for each $100 share two no par were issued. In 1926 for each no par share three no "par shares were issued. In other words through the. multiplication table and $3. a share is really 18 on the t Indian refining with less than a dollar earned has arpar of S10. so the earnings are something less, than 10. Inter national Harvester has a par in error for in 1927 it paid 6 new stock, and had a surnlus ; In the same .table were has omitted including Canadian Westinghouse, $33.04; Gor- ham Silver $8.23 : and Lambert Chemical $9.24. - The las shows that the halitosis scare terine folk at any rate. ; What do corporations earn? It is easy to pick out poor ones and rich ones, depending to Drove. There is just at hand the study made by the xia tional City Bank of New York on coirorate eaniings for 1928. All companies so far utilities, having earnings of ulated by industries. The shows earnings of 12.1 on by taking each companies own together. This serves to keep so is Quite generous to the corporations.' - The table shows interesting divisions of prosperity. The woolen industry alone showed other lines showing earnings ing, 2; cotton mills 2.8; lumber and furniture ".5.1 railway equipment 5.7; sugar 4.6. In contrast with the depressed industries stood out avia tion with earnings of 34.6 ; automobiles, 27.9 y printing and publishing 23, and drugs and sundries 24.5. - Yet 1928 was4 a "presidential year". There is less hostility earnings of corporations because their stocks are now owned by people all over the country. One of the causes of tne boom in Wall Street has been thousands of small investors anxious to share in the growth of established and prosperous industries. . It is not' just A gambling ; it is not just wild mental revolution in the ownership of capital wealth. "Growing Responsibilities of Business rpHAT is the general subject A -if the chamber of commerce of the United States for the five days of April 29-May 3. We have just looked over the agenda of 'the meetings. It has a sufficient number of moot points of vital importance to keep its sections busy for forty days and forty nights. tion for an absence of frills knots in the woodpile. a . Here are some of the questions to be considered in round table . discussions. - Under agriculture r "Does the develop mentand growth of cooperative marketing depend upon f ed r, eral and state aid ?" Under, industrial extension : "What proportion of all plants built ered to be . (1) unecononucally located to meet present day competition, and (2). obsolete in commodities, plant, equip " ment or management' Under government policy: "Should government produce and sell i ' city financing: "Are our cities retireable debt?" - And so on through such tariff legislation, credit supply, city; traffic, ;employepm ploye relations. ' o KWV The U. S. chamber of commerce is one body which is accomplishing something. - Its shakers and after luncheon speakers. They are not afraid to tackle topics that are loaded with gunpowder. The result is that the Chamber is doing the sentiment of American business and to direct in whole some manner the formation of If they get through such - out blowing out several fuses credit for a very unusual accomplishment. Smokers ranked next to fires' in Oregon timber during 1928, according to the re port of State Forester F. M Elliott There" were 240 set fires and 220 caused by smokers Campers caused 143 fires and lightning started 154. The total number of fires was 1067 which burned over 18,937 . ber destroying timber to the value of $31,029. Losses on 'account of burning logs and equipment, etc., amounted to $350,177, showing that the actual loss to the green timber was almost negligible compared to the loss to logging equip ment which was caught in the path of the fire. The total ; outlay for fire fighting' was $149,359.54, of .which only tlOM roZaS was contributed by, the forest control totaled $430,881.77. .,-?v --. In West Stayton this week 150'people, young and old, gathered one night for a program furnished by a Salem pro fessional man.' The west Stayton community club was spon sor for the affair. 'Thirty-eight other.organizations like, that at West Stayton are doing similar service for their commun ities by bringing together the boys and girls and their fath ers for a time of fellowship and entertainment. Aumsville sent its musical talent to West Stayton for the program and West Stayton in turn will go back to Aumsville next week to support that community in its endeavor. It is this spirit of cooperation and friendshin which: builds a" county Salem citizens would do well to acquaint themselves more fully with the work of the community clubs in the valley.' . - Portland has no particular need for a new $3,600,000 hotel but the whole town is jumping over the announcement of Ralph D. Lloyd that he is going to improve his real estate holdings on the east: side and put op a ten story hotel. ' If Portland won't widen those streets for Mr. Lloyd we invite him to corns to Salem where the streets are already wide and the hotel is really needed. ' y:.. theprintingf press'the presen original pax value. of $100, but the report must be or $6 a share in cash, 6 in of about 6 left over. some earnings which the editor Is highly profitable, to the lis- on what thesis you are trying reporting except railways and over $100,000, have been tab grand total of 900 companies net worth, which is determined figures of capital and surplus the per cent figures down and a net loss of 1.5. The only of less than 6 are coal mm now than ever before to high the coming into the market of speculation. It is a f unda of the 17th annual meeting It rivals a publishers' conven and a presence of all the hard " ; - : prior to 1920 may be consid hydro - electric energy." - Under contracting 'ja. permanent, non - . ' J , topics as mass merchandising, officers do not pose as hand a great deal both to find out that sentiment. ' an overloaded urogram with we will give the men in charge incendiaries as the causes of acres of menchan table tim- state. Other, expenditures in They Say of Opinio (root Statesman -Readers are Welcomed for Use tm this cobras. All Letters Xut Bear . 'Writer's Nome, Ttxmgh Tblt Need KtC a Printed. Of all the seasons that we like. Tho ono that aires the most de light. Is Sprint. Tjhis Is the time we hear the sweet Birds, 'And the time that straightens j our mareeued curls; . This Is the time that the daffodils nod, ' Also the time to dig up the sod; This is tho time to wield trowel, hoe and rake. To prepare for the seeds that the birds will sure take; This is the time to look at the sky and fearfully wonder Whether it will sun shine, rain, snow, or thunder: This J tho time when good house 's wires elean house. .. .And the time the poultrymaa . looks for . tho - despicable louse; , - This la the time when the whole I world seems changing : - But the monthly bills, and the cog who goes ranging. Way all this grumble and fretful " scowl. ' That wrinkles and creases your placid brow, - As you, dig and delre in the pun- - rest sod, TiU your back's all "achy," and you're ready to nod? Do you know that it is Spring, ' And ereryone's doing the rery .-.same thing? 4 Mrs. GEO. H. LEAVELL. " Salem. Ore., April 2, 1929. To the Editors of The Oregon Statesman,, Gentlemen: ... The joint annual meeting of the board of deacons and the board of trustees of the First Baptist church: was sold last, night and among other things that was done they instructed me," and It is a pleasure to do It, to write you a letter expressing -oar thanks for your many kindnesses in tne past towards our church and tho gra tuitous publication of the weekly notices of the Sunday services. our appreciation is sinceree and wo wish you every success in your new field. Again thanklnr you. I am, in behalf of the deacons and trustees and congregation of the First Baptist charch. . , i., ; C. O. Rice, -.- ' ' . . Sec'y Board of Trustees. I April f. 1S2S. The New Statesman, . Salem, Oregon. - Tho American Legion Auxiliary. Capital Unit No. f has undertak en the ask of seeing- that the grarea of all World war veterans mot otherwise marked are marked with a government head stone, If the famines of tire veterans went tho government stones.- This ap plia to the four-local cemeteries. The United States furnishes a headstone for the marking of the graves of World war veterans very much like those of the G. A. R. and Spanish war atones. These stones may be procured by filling out the proper application blanks. There I no expense attached as the" government makes no charge and event pays all freight chargs. Through the kindness of local men there will be no . drayage charges even at this end as vol unteers haTS offered to v deliver them from the freight. sUtlon to the Tarious graves in the eema- Caught in His Own Trap! Ete f or Bireakf ast By K. J. HENDRICKS About the burial places ' Of Oregon's outstanding men of her pioneer history, inquired about by U U Knight of Atlanta, Ga for his -forthcoming book, i mentioned fa the statesman of yesterday, a great deal might be said, of a long list. Mr. Knight inquires partclular. ly of tho graves of five. Taking these in order of the inquiry: Benjamin F. Harding, U. S. sena tor from 18S2 to 186K. was buried In the cemetery at Cottage Grove, Oregon. Samuel R. Thurston. Ore gon's first territorial delegate in congress, was buried in the Odd Fellows cemetery, Salem. His monument, buUt by the people of Oregon, occupies a place in the roadway entering from tho east. The shaft is one of the most con spicuous in that historic burial place. Rufua Maliory, congressman from Oregon, 1867 to 1889, who died in Portland April SO. 1914. was burled in tho Rlverview cem etery there. Stephen F. Chadwfck, governor of Oregon, 1978 to 1878. was bur ied in the Odd Fellows cemetery. Salem. ' George K. Shlel, Oregon con gressman, 1861 to 1963, was bur ied in the Odd Fellows cemetery here. He met death -by aecldent. railing into one, of the entrances from the street to the basement of tho WUlamette hotel, December 12, 1893. That was the second name of tho hotel.' It was first tho Chemeketa: generally spelled in those days Chemekete. It Is now the Hotel Ifarion, rebuilt and re. named some 2ft or more years ago. Mr. Shlel had been a -resident of Salem for a long time, inconspic uous compared with the import ance of his place In history. Mr. Knight can find many his toric graves la , tho old. Oregon Country, worthy of a place in the book tho materials- for which he Is collecting. James ;w. Nesmlth, buried serosa the RIckreall from his farm home, was Lincoln's righi head man. In matters of finance during- the war of ' the states. Though sent to the United States senate ? as a democrat, he loyaUy supported all war measures ' of Lincoln. '-' ;r: v Jesse Applegate's grave is on teries. , The . only expense at tached win be that of setting the marble stone In concrete, which win bo about ii.se. . . Application for the government stones may be made only where the grave of the veteran Is not al- rady marked with a permanent marker. They may-te secured for the graves of soldiers, sailors, marines and army nurses whether they died in the service or after being mastered ; out. providing they received honorable discharge frrom service I Thoso -: eontemo- lating the removal of graves to the American Legion circle in the City View cemetery should make such arrangements before .they have a government stone set.,: X have . tho application blanks necessary and will appreciate it very much If ; those desiring the white marble government atones will call me on the .phone or write me- at the earliest date pos sible so that all blanks mar be sent to Washingtoa together at the soonest possible time. Can on tho phone 2570-M or write '.- . Mrs. Robert F. Budrow, 1825 Fairmount St.. Salem. Chairman cemetery committee.' his homestead at Toncalla, mark ed by a small and crumbling stone He was one of the big men of ear ly Oregon history; a member of tho convention that framed the state constitution; a leadlngactor in many epochal events of his day. V Jason Leo and his two wives and his Infant son and his daugh ter and her husband rest in Lee Mission cemetery, Salem, with others of the workentt-wlth him when Oregon was a foreign coun try. Tho grave of Rev. William Roberts, second after Lee to wear his mantle -of authority, is at Day ton, Oregon. The bodies of J. Quinn Thornton and his wife, con spicuous in early Oregon history, rest in unmarked graves in Lee Mission cemetery. . t Mention was made in this col umn of yesterday of The States man and the Oregonian, the oldest living newspapers of the old Ore. gon Country. Also the oldest west of the Rocky mountains. But there had been published, before these newspapers were started, a paper called the Oregon Spectator, bo- ginning in 1846; a semi-monthly. It was discontinued, then revived; then, In 18S0, made a weekly; discontinued - for good In 1855. The press went to Eugene, to print Harrison R. Kincaid'a Oregon Journal and the writer of these lines' was the pressman in '81, '83 and '83. It was a Washington hand press. y The first 'printing done in the Oregon Country was on a press and with type and oh paper sent by the Hololulu mission church of Rev. H. Bingham to the Nes Perce Indian mission of Rer. H. H. Spalding at Lapwai associat ed with the Marcns Whitman mis sion at WaaUlatpu, among the Cayuses. IS. Ot Hall. ' a printer, came with the plant, and the first printing done in the Oregon Coun try was the publication-of a boojt in the Nes Perce language, and a second, book , in the Spokane In dian language. ' v McMrNNVILLK FORGES AHEAD Building-permits for McMlnn- TiUa have passed the 8100.000 mark this year. Permits for March totaled 821.350 ind include two service stations, - two residences and a business buUdlng. - : "IP SHE BUT KNEW -- - f 5 . "- v TF she but Knew that I am weep , -Star for her sake, , 1 - ; That love and sorrow grow with keeping . . TBI they must break.- : T Ify heart that breaking win adore, I uc uiu we; . .. - U she might hear me once in ; piore her,'" ' --' Would she not sight ; ' : . S . - ' r . : t- U sh hut knew t.hat it would save - me '.'v j. & -.' -7"- : Ber voice to hear, V i "-' Saying-she pitied me, forgave tne. Must sh forbear T . ;. If she were told that I was dying; . woxua sne be dumb!. Could' she rcontent herself with - .sighing! v wonjd she not comet, ' J; ' -Arthur yS7ianhne4y. -'- BOOM IDEA NEW YORK. AprU 5 (AP) Ninety-three- Investors in the pro posed 8100.000.00e - realty de velopment of Boca Raton, Fla., today filed suit in supreme court to recover 81.450,000 from offi cers of the Mlxner Development corporation, sponsor of the pro ject. ,;:,','''.' W. ' " Among the plaintiffs are Maxi- milliaa Morgaathau, son ot the former ambassador of Turkey, and Douglas Cairns of Miami and New York, who charged- with others that T. Coleman Da Pont, former senator from Delaware, Jesse L. Livermore, Wall Street operator, and 10 others of the corporation conspired to inflate the value of Boca Raton values. ' Although the corporation went into involuntary bankruptcy in May, 1827. with assets ot 856.000. tne complaint charges that the project netted 19,000,000 in sales after it received the backing of social and financial leaders. Rosedale School To Close; But to Transport "Kids?' Rosedale, Apr. 5. At a spe cial school meeting Monday eve ning it was decided by a vote of 17 to S to hire a bus to carry school children to a nearby dis trict the ensuing year, instead of hiring teachers here.' , . Mrs. . Dick Allen and Wayne Glover have returned from Cali fornia. The Ladies' Misiohary society met with Mrs. C. Tucker Wednes day afternoon. The school nurse visited school and. made - some examinations Wednesday. Floyd Bates ot Albany was a business caller in the community Wednesday. Cunningham New Silverton Agent For Statesman SILVERTON, AprU I. (Spe cial) Sheldon Cunningham is now the Silverton agent for the Oregon Statesman and the Port land Telegram. Headquarters tor the agency are at Cunningham's confectionery, 218 Main street. Pioneer,' 92 is Dead; Funeral to Be On Saturday JEFFERSON." Anrll S. Mrs. Sarah Reeves passed away at her homo in Jefferson Thursday morning at 8:30 after a few days nines, at th tn nf St ur Funeral services will be. April., S at 2 o'clock at the Methodist church. Rosedale Enjoys Easter Egg Search ROSEDALE. Anril E Rtnr- day afternoon,, 20 children of the Sunday school participated in an Easter egg hunt on the ehnrch lawn. After tho eaa-a were fonnd games were played and refresh ments served by Mrs. Gus Cole, Mrs. T. D. Trick and MissLanra Cammack. Miss Laura Cammaclr ' ntr. tained a few friends Frldav ova. nlng in . her . home here. The guest of honor was Gerald Pear son, a Stanford student. . Games. music, and conversation! formed the diversions of the evetd&g. The other guests were: Mildred Can nay. Carol Kiser. Rub v. TTir. John Trachsel and tho Cammack ooys. The Young Peoples' class had a rollicking good time at the Car. ier nome Saturday evening Kellogg JUWithi I Cold Aboard Ship PLYMOUTH; England.' Apr.' i: (AP) Frank. B Kellorr. f Ar mor secretary of state. -was HI' In bed with a cold when the steamer no m France reached here today. Mrs. Keilorar said , that rt am quiet were imperative, although mere was no cause for anxiety. The Kellogg party proceeded to Havre - enront tn Part, on ttta liner and expect to be in London at me ena oi tne week. Young Lad's Body Is Found Frozen GORDON. Neh. An 1 -t k -"The body of Melvin Reeves. , wno was tost in a snowstorm here three weeks aro. waa tntinA tonight by a neighbor, tour miles south of the Reeves ranch. ; On March IS dnrt.r tho boy had gone to a pasture In aearca oi a lost mitten. He never returned.. ", , f Foul Play Aboard r Sthooner Feared ATLANTIC CITT. M I a -(AP) The schooner yacht No-J ma. xiying me colors ot the New icra iacai ciao.rwas seised by the coast guard and towed to tho harbor at Cape May today. John B. Srofleld of Cape May, said to be the- aaUln? mafi. fnmtfiai FLORIDA EBIUUDIT with the log were m Losing. Who' Continuaiton of Rotating Anny Offices a ' ' : i . - rnnounccu By JAMZB W. OOO0 ' Secretary t War . Ur.IUpilc. I... ft.pt. Jl. 18. H to ias ii L L B. m th. Uaivenitr j vi.iM. rM taos to 190$ ks was city sttoraty at OUmr toid. Ha was from tk. Uttk lava- Siatriet. latrring atU 192S. For tvs litmi ha waa ehar ataa a taa eaauBittaa aa appopriatoaa. H. tken raraaud hi law practiea, Chieato, aaUl raeraUy, wh.s BoiatoA s.iratary ! war by Fraaidaat HooTar: His home is bow la tb. Ua.) M. THE Question of reappoint ment of bureau chiefa and their assistants has been un der consideration by me for a considerable period. ; - " Under the. national defense act officers com" missioned in batant branch es are not" eli gible for selec tion as combat ant general of-, fleers of the' lino of the army. In order that more offi cers of these branches"- miT nave the pros- pject of becom ing generals ilitlHnr (kilr service It would appear desirable and m the interest or inese ae- nartTTiAnta that annoltitments as chiefs of these branches be not made permanent in character. ; I II HI' Mil' I lM'iTl1Tfl 1.1 Democratic Simplicitynis Ghiei Feature of Funeral Of American Ambassador PARIS, April 5(AP) With the democratic simplicity that the late Ambassador Myron T. Her rick ever sought, in his dally life. his body traveled westward to night on its last journey home aboard an ordinary baggage car of the French state railways. Unprecedented honors from the French government and the French people marked its progress from the embassy to the church where funeral services were 'held today. The honors wifl be renewed at Brest tomorrow when the cruis er Tourrille, finest new unit ot the French navy, weighs anchor for New York with all that Is mor tal of one of tho greatest friends ot France aboard. Honors Greatest Ever Accorded Foreigner . Never old a diplomat or for. eigner of any walk or station of life draw from nil classes of so ciety such a unanimous manifest ation of sorrow and sympathy as has marked the passing of the ambassador. " Ceremonies In honor of his memory today were fprmal and official to the extent of corres ponding rigorously to the-' diplo matic protocol, yet scarcely ever before did such cold formality succeed in detaching itself so com pletely from pure state or political consideration u ' iaao on m rent human, personal glow of senti ment. From heads of the govern, ment and army - leaders to the common people: who lined the streets through which he funeral procession passed today, every In dividual showed that the death of the ambassador was regarded as a personal bereavement as well is a loss to France. . Attendance Limited To Selected Few . Attendance at the eercnoor ne cessarily was limited to a chosen few hundred who coald bo accom modated in the American embassy and the nro-cathedraL Hnndrcda of thousands of persons showed their resoect for the dead ambaa- sador In other ways. All who could find a vantage point on the route followed by the cortege stood bareheaded- In tha aharn aW air Those who could not do even that remembered- the ambassador at the hour of hi funeral. General John J. Pershlnr nmL nouncsa sv euiogy ot nis - great friend with a gentleness that con trasted strangely with his usnal martial bearing. Talking In soft conversational tones. General Per shing stirred such stem warriors as Afarshal Petatn. Marshal Fran chet DEsserey and General Gou raud to unusual emotion. . Poincaro Delivers . , J "1. :,' Feeling Address ;1 5 ;T v" Premier.,; -Poincar r seemed to have felt strongly the Influence that has surrounded Ambassador Herrtck's bief since his death. He rid himself of his habitual cold and .formal eloquence and the sharp tone with which he usually speaks changed to a : mellowness rivaling General : Pershing's and PRICSC v . viV 'fflf5 . If ' It V 'H it V . .i ill: WW 1 SLiifflll , For the above reason It is de sirable to establish a general principle of rotation in- the branches for the benefit ot the service in general and in order to provide greater opportunity to all. While there may be occasions when the best Interest ot tho ser vice may necessitate exceptions, X have adopted a general policy of rotation concerning appoint ment of chiefs and assistant chiefs ot bureaus as I believe that the application of this general prin ciple is in accordance with the intent ot congress and for the good of the service as a whole. I desire to emphasise the fact that it is our policy to maintain in time ot peace only a skeleton ized army and that it Is therefore of the utmost importance that the chiefs of branches should bo high ly efficient at all times to meet any emergency that might arise. I think that this might bo assured by rotation In office that would bring periodically to the highest position in branches, men who recently ' have had Intimate con tact with troops and field services and who will, in consequence, bring fresh seal and enthusiasm, progressive; ideas and recent var ied experience to their task, thus vitalising the whole military es tablishment. The poUey announced by my predecessor appears to be sound and in the Interests ot good ad ministration. It will be foUowed in the future. bringing tears to many eyes. The name of the deceased am. bassador ; has been linked every- where with that of Marshal Foch. For the French people they go down together in history. Ambas-' sador Herrick's insistence on walking In the procession at the Foch funeral and on sitting in the stand throughout the ceremony at the chapel of the invalides is generally accepted as having hur tied hJs end. L MEXICO CITY. Apr. 5. (AP) Colonel Charles Ac Lindbergh and his fiancee. Miss Anne S. Mor row, left this evening at 5:40 tor Cuernavaca to join Mrs. Dwight W. Morrow and her other daugh ters Constance and Elizabeth In a flying visit to the country home of the ambassador there. Mr. Morrow stayed in Mexico City to watch the revolutionary situation and to speak tonight over long distance telephone to a grea. er New Jersey dinner .of the New Jersey state chamber of commerce. , Miss Constance Morrow after a ten day Easter vacation with her parents: here' will fly to Browns ville, Texas, on the regular air line on Saturday enroute to Mil ton academy in Massachusetts where she Is a student. Mrs. Morrow with Constance and Elizabeth went to the country residence this morning. The entire party was expected to return to morrow afternoon Colonel Lindbergh-this morning made two hour flight over the city in an airplane in which he arrived here on Monday. He pass ed over the United States embassy and gave his fiancee and her fam ily an -aerial salute. " Stockbrokers to Face Charges in ; City ot Seattle SAN FRANCISCO. April 4 (AP) Three San" Francisco stock brokers,, charged with using the malls to defraud in Indictments handed .down by a 'Seattle federal grand Jury, today consented to re turn to the northern city and face the charges. :The men are Walter D. Forsyth, well Jcnownrtocal broker, Harold .Harris and Meyer Morris. ;When - theyjappeared before United 1 States commissioner thl afternoon, after having been ar rested by Postal Inspector George E. Moser. Seattle, each posted bond ot 12.500, Forsyth deposit ing the bond in 1100 bills. ; Ind how! A couple o( 1 flips on the strop and ' youhaveanedgesokecn , tKat even the stiffest beard seems like peach Aa - ; cleans without re- vl ' moving blade ... Try Ut -aW x , w , lltllt Hi FICEE n MOTHER fllillllli www