The OREGON STATESSIAK. Salem, Oregon, Tuesday Morning, May 21, 1929
PAGE FOUR
-V77f
MUMAM M
"No Faror Strays No Fear Shall Atee."
From First Statesman, March 28, 1851
THE STATESMAN PUBLISHING CO.
Chakles A. Sprague, Sheldon F. Sackett, Publisher
Chaeles A. SpRAGUB ... Editor-Manager
Sheldon F. Sackett - - Managing Editor
Member of the Associated Press
The Associated Press is exclusively entitled to the use for
publication of all news dispatches credited to it or not otherwise
credited in this paper.
Entered at the Postoffiee at Salem, Oregon, ae Second-CUue
Matter. Published every morning except Monday. Bu$ine$
office 215 S. Commercial Street.
Pacific Coast Advertising Representatives:
Arthur W. Stypes, Inc., Portland, Security Bldg.
San Francisco, Sharon Bldg.; Los Angeles, W. Pac Bldg.
Eastern Advertising Representatives r
Ford-Parsons-Stechcr, Inc., New York; 271 Madison Ave.;
' Chicago, 360 N. Michigan Ave.
Picking the Winners
JOHN J. RASKOB, who made a brilliant success in the fi
nancial world if he did get beyond his depths as groom
to Ai Smith, comes out with a new bright idea. He proposes
to incorporate an investment organization to operate for the
benefit of the general public. The profits from the invest
ment are to be the protection against the necessities of old
age. It is planned apparently as a philanthropic scheme on
business principles. .
His proposal would cornbirp savings by installment.
That of course has long been the program of savings and
loan organizations and thrift campaigns of banks: syste
matic, weekly or monthly savings. The difference would
come in this that the investments would give returns not at
a fixed rate, but the investor would "share in the profits"
of all the investments.
This of course sounds very good; but really there is
nothing novel about it. Numerous other individuals have
launched somewhat similar enterprises. The plain lesson
of history is that the handling of savings of humble folk
should be on the basis primarily of safety. Savings banks
and building and loan associations have had remarkable suc
cess because they have invested safely and wisely. Mr. Ras
kob proposes investments in common stocks. There is at
present a wide demand for common stocks, but safe finan
ciers shake their heads when they are suggested as the ma
jor reservoir of what are virtually trust funds.
Suppose some such plan had been in vogue a quarter
century ago. The stocks would surely have included such
issues as Chicago and Alton, long a prosperous road, the New
Haven, the Milwaukee, all of which met with subsequent
disasters. Industrial stocks might have included American
sugar, American Woolen preferred, long given an "A" rat-J
ing, which have suffered severely in late years; or in utili
ties Interborough Rapid Transit which long paid handsome
dividends, but now sells at around thirty cents on the dollar.
It is easy to pick the winners like General Motors and
United States Steel, after they have breasted the tape. It is
extremely difficult now to pick common stocks giving prom
ise both of constant dividends at rates equal to current in
terest and of future accretion in value.
Another element of danger in the Raskob plan is that
of management. That creeps into all investment trust ideas.
While the founders may be sagacious, their successors may
be less foresighted.
"Safety first" remains the best slogan for the investing
program of the man of limited means who is. trying to build
up enough of an estate to shield him from want when he
passes the age of labor.
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"Ned" McLean Figures in Suit ,
IF the libel suit of the Washington Post against the Phila
delphia Record goes to trial and the issues are really
threshed out the American public may be in for a revealing
picture of social life in the national capital. The Post is the
newspaper of Edward B. McLean, "Ned" McLean, long one
of the leaders of Washington society, confrere of presidents
and members of the cabinet, of senators and diplomats. It
was "Ned" McLean who was on intimate terms with the
late President Harding, and who lied famously about a "loan"
of $100,000 to Secretary Fall. It was the same "Ned" who
shocked Washington society this spring by making his East
er breakfast "dry".
The dry breakfasts have continued, by the way, which
. is probably more surprising. The attendance is reported to
be diminishing however, falling from 160 on Easter to about
90 on a recent Sunday. That was the "low-water" mark. But
the breakfasts still attracted many notables, two justices
of the supreme court, Speaker Longworth, a senator or two,
Bascom Slemp and Joe Tumulty.
Trial of this libel suit for a million dollars will be inter
esting indeed. The Record published a story that the reason
the' Post assailed Prince Albert de Ligne so vigorously that
Secretary Stimson had to come to his rescue publicly, was
because McLean had "dined too well" at the Belgian ambas
sador's dinner. The Post in its complaint asserts that Mc
Lean wasn't at the dinner, didn't dine too well and wasn't
invited to depart. If the libel suit would lift the lid on Wash
ington "society" the whole country would be set a-gossiping.
Noses for scandal might pick up some sharp scents, but
more important would be the indication of the sway of the
social lobby on public affairs. This was pointedly referred
to in an editorial in the New York World, written by Walter
Lippman, in discussing the independence of newspaper men,
which applies just as well to political leaders. Mr. Lippman
wrote, in brief, as follows:
"Bribery is easy enough to resist; threats it is a pleas
ure to defy, but the influence of friendships, of social con
nectvons with officials, of party associations, remains a daily
problem for the newspaper man. Inevitably he comes into
intimate personal contact with political leaders and men of
affairs, and relationships of confidence and sympathy grow
up which it is difficult and often extremely embarrassing to
disregard. It may be easier to defy i corporation than a
golfing partner at a country club."
The tiny engraved invitation weilds as much influence
in law-making, we might say, as a mighty editorial. This
much is true, what with a congress settling down for a long
grind on highly controversial subjects, the Gann-Roosevelt
battle still waging, and now Ned McLean's libel suit on to
j keep tongues wagging, Washington looks forward to a sum
! uner with above-normal temperatures.
Fess Cracks the Whip
PRESIDENT HOOVER is at least wise enough not to try
to crack the party whip. Senator Fess broke out against
"pseudo-republicans", but the president merely invited Fess
and Borah to the White House for breakfast. He realizes
that it will do no good to call names, and surely not for him
to call names since his activity as a party regular has never
been pronounced.
We oppose the debenture plan as a rank subsidy. But
a lot of those who oppose it find no compunction in voting
for a shipping subsidy. The farmer can't be blamed in rais
ing the old sauce for goose, sauce for gander query. Presi
dent Hoover is entitled to loyal support by virtue of his own
merit, his office as national executive, and the great weight
of public favor which so far attaches to him and his poli
cies. But this does -not justify readine out of the
those Who mav not urr with
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BITS for BREAKFAST
By R. J. HENDRICKS.
How would you like this
To stand in the boots of Willis
Hawley or Charley. McNary
o r j
Herbert Hoover?
They are being worn to a fraz
zle by the greatest economical
and political battle that is now
being staged In the entire world,
in which they are the outstanding
and upstanding figures.
V
The hard job our Congressman
Hawley is handling as chairman of
the ways and means committee In
charge of the new tariff bill is in
dicated by proceedings in the low
er house on Monday, May 13.
The house on motion of Mr. Haw
ley, was in committee of the
whole, considering the tariff bill.
mm S
Congressman Donald F. Snow,
a new member from Maine, arose
in his seat and asked for time to
present the matter of the potato
tariff. He complained that no
raise had been granted in the tar
iff charge on potatoes, which is
now 50 cents a hundred pounds,
though an increase had been ask
ed for. He said the potato situa
tion In Maine is distressing and
acute, and he proceeded to read
a few telegrams out of the reams
of them with which he was being
deluged, demanding his efforts for
the relief of the Maine growers of
spuds. The president of the Maine
potato growers' and shippers' as
sociations said in a dispatch that
the potato growers of this coun
try lost 1200,000,000 the past sea
son, on account of foreign compe
tition, especially from Canada,
and numbers of the telegrams
said that crop was the largest of
the agricultural products of
Maine, and the farmers of that
state are being driven from their
land by Canadian competition.
Congressman Snow told his fellow
members of the house that he was
being "swamped" (he might have
said Snowed under) by wired ap
peals from his people. He said
they were literally up In arms;
that be comes from the "largest
agricultural district in the New
England states," and that Aroos
took county alone, which he rep
resents, produces nearly one-tenth
of the potatoes grown in the Unit
ed States." In fact, he all but
wept tater tears as large as cull
spuds in his urgent appeal for
help out of his dilemma, for it
was plain that his constituents
were expecting him to get relief;
and be showed that they are near
ly all republicans and think they
are entitled to have their share of
the much touted farm relief. He
is surely in a tight box.
To make the matter worse. Con
gressman Garner of Texas taunted
him with the statement that he
shodld have secured a different
line up in the agricultural sub
committee of the ways and means
committee, for the potato starch
people had been granted a thirty
three and a third per cent raise In
the rate protecting them. "When
the manufacturer Is interested,
they always give him an increase,"
jeered Garner.
S
Now step over into the - senate,
the same day. There you find the
whole remaining membership of
that august body picking on our
Senator Chas. L. McNary, who is
in charge of the farm relief meas
ure in that branch. Our Salem
boy stands there with his back to'
the wall, smilingly welcoming all
comers in the forensic battle that
rages around him answering their
questions, meeting their argu
ments, explaining his understand
ing of what is meant by different
clauses of the bill; welcoming
helpful suggestions and parrying
the strokes of cynical opponents.
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It Is a great fight that is going
on. Ana in the very thick or lare
three gaJLem boys Hawley McNary
A Star Spangled Citizen
TVW
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and Hoover. SmaU potatoes is the
issue from Maine, or rather it rep
resents a small item in the great
mass of issues coming from every
section, in which a total of 110,
000,000 or more Americans are
Interested, to say nothing of the
rest of the populated globe.
s s s
When it is all over, and "the
captains and the kings depart,"
and the dust of the conflict is
cleared away, the three whilom
Salem youngsters will need a rest.
In faith, they will have earned it.
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In the Issue of the Congres
sional record of the7 next day, the
14th, Senator Robinson of Arkan
sas asked to have printed a long
newspaper article by Mark Sulli
van, intended to prove or show
that both the tariff and farm re
lief fights are aimed to bring in
a policy under which "the Ameri
can farmer shall not try to be an
exporter to the rest of the world."
Whether Mark hits the mark or
not, that is what will happen, in
10, 15 or more years, for before
long ours will be an importing na
tion in major food stuffs. Increase
of population and the trend to
manufacturing, and residence in
the towns and cities, will turn
that trick.
So future Salem boys in high of
fice at Washington will stand a
chance of having a less hectic and
wearing time.
E
AT NORTH HAVEN
NORTH HA'v'EN, Maine. May
20. (AP) Colonel Charles A.
Lindbergh, bis fiancee, Miss Anne
Morrow, and other members of
her family rested in seclusion to
night at the Morrow estate on this
little island, 12 miles oft the coast
of Maine.
The colonel, Miss Morrow, her
two sisters, Constance and Eliza
beth and Mrs. Morrow landed
about midafternoon in a little cove
in Penobscot bay before the home.
They were accompanied by Jose
phine Graeme, Mrs. Morrow's sec
retary. The flight was made from
New York in an amphibian cabin
plane after a short stop at Port
land airport for refueling.
Soon after the dinner hour the
entire group bundled themselves
into a beach car and drove away,
presumably on a trip about the
roads on the western end of the
island. Anne Morrow was driving.
Lindbergh was seated beside her,
with aliother of the sisters on the
other side. Before leaving for the
pleasure jaunt, the colonel taxied
the plane up the beach and "park
ed" it on the Morrow lawn, close
to a large evergreen tree.
Read the Classif ied Ads. .
Tk nmsr-
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Mill
See The
Refrigerator Display
In Our
SS!r
HALL
Old Oregon's
Yesterdays
Town Talks from The States
man Our Fathers Read
May 21, 1004
A rally for the field meet this
afternoon was held immediately
after the chapel at Willamette
university. Speeches were given by
Professor Hawley, Captain Miller
and Earl S. Rlddell.
A defective flue in the Patton
home at 97 Chemeketa street
caused a little flurry, however the
fire department arrived quickly
enough to prevent any damage.
Ben Taylor, C. M. Lockwood,
John Maurer and Louis McCIane
are on a fishing trip to the Grand
Rone Indian reservation in Polk
county.
The city council and park board
held a meeting last night to con
sider matters of improvement for
the public parks.
Bf PROHI RAIDERS
OAKLAND, Cal., May 20
(AP) Seventy-five prohibition
raiders swept through 50 suspect
ed establishments this afternoon
and arrested 35 persons. The
raids were said to be the most
comprehensive ever carried out In
this county.
Directing the raids were Unit,
ed States Attorney George Hat
field, Harry B. Smith, head of the
intelligence unit of the treasury
department, and four police
chiefs. Six federal dry agents
from Los Angeles were in the
raiding squads with police depu
ty sheriffs and others.
Among those arrested were two
policemen, a ball bond broker and
a woman. The raiders also made
a number of arrests of cigar deal
ers on charges of operating lotter
ies and punch boards. Evidence
valued at thousands of dollars was
confiscated.
The details struck simultane
ously in Oakland, Berkeley, Ala
meda and piedmont. Arresting
officers said evidence had been ac
cumulated through the last month
by dictaphones, tapped telephone
wires and undercover men.-
Special stages were hired to
take the prisoners to Jail. They
will be arraigned Monday.
NEW MARKET SOUGHT
SPOKANE, Wash., May 20
(AP) Miss Edith Foltx, Port
land. Ore., aviatrix., will try to
break the woman's endurance
flight record at Felts field here
next Saturday and Sunday, it was
made known today. "
NEW VOTE LOOMS
WASHINGTON, May B0 (AP)
Another roll call in the senate
over tha export debenture provi
sion appeared tonight to be in
evitable. Window
n SWEPT
Editors Say:
NIXElt-SEVEX PERCENT
SAFE
Judge- Richards told the Grot
to the other day that the police
men of this country should take
lessons from the- London bobbies
who never carry guns and rarely
use their batons, maintaining
law and order by the mighty in
fluence of their position, not
through physical fear. Evidently
PoUce Commissioner Whalen of
New York heard what the judge
said for the next day he came out
with an order telling the officers
to put up their night sticks as use
less. He has called to his assis
tance a committee of bankers,
lawyers. philanthropists and
preachers in an effort to solve the
mystery of crime.
In the meantime Jack Black,
former burglar, now author and
playwright, tells how to stop the
crime wave. "It is not the sever
ity of the sentence but the cer
tainty of it which will lessen
crime." New York last year had
300 murders and seven convic
tions, leaving the batting average
97.7 per cent safe for the killers.
That's what Jack Black means
when he speaks of bringing about
the certainty of punishment; if
every criminal were punisnea
just a little for every crime they
would soon quit. As he says, no
man wants to do life, even on the
installment plan. It is the long
chance that they won't get caught
that makes them try again. Eng
land has us beaten in that parti
cular; when a man kills another
over there be knows the chances
are greatly in favor of his being
hung and that right quickly. That
makes an unpleasant situation
which the would-be killers try to
avoid by doing their killing in this
country where their chances are
much better. Yakima Republic.
TOO MANY REFEREXDUMS
More and more referendums.
now the sponsors of one referen
dum threatens to start mure, un
less opposition to tbelr project is
dropped. Instead of a means by
which the people of the state can
exercise a control over legislation
in, cases of unusual importance,
the referendum and initiative are
being made weapons of disgruntl
ed individuals and minorities who
happen to have the money to pay
the professional petition pushers,
to put their measures on the bal
lot. A little more abuse of this
law, with more useless measures
referred or Initiated to be voted
on at special elections at a cost
of $100,000 each to the people
of the state, and the only courses
left open will be to repeal the law
itself, or else abolish the legisla
ture. If the process continues,
aside from resolutions and mem
orials, the so-called law-makers
will be able to do little but set up
a few suggestions for the referen
dum crowd to throw petitions at.
Morning Astorian.
OBJECT TO BEIXG RELIEVED
The apple and pear industry of
tne entire country has united al
most unanimously to oppose the
foreign surplus marketing plan in
cluded In the farm relief bill now
before congress. Despite the in
dustry's protest the senate refused
to exclude apples and pears from
the scope of the bill.
This is one example of an in
dustry objecting to being relieved
in a manner that threatens more
damage than benefit. The plan
of dumping a surnlua on tha for.
eign market is not relished by
mose wno nave spent a quarter of
a century of time, effort and ex
pense in building up foreign trade
in fruit. About one-fourth of the
apples grown in this country are
exported, and to demoralize this
market would be fatal to the en
tire market, It is declared by those
in a position to know.
Senator Jones Introduced an
amendment excepting apples and
pears from the Operation of the
bill, and though this was defeated,
another similar amendment has
been introduced by Senator Mc
Nary. Wenatchee World.
State Vouchers
Are Examined In
Olympia Scandal
OLYMPIA, Wash., May 20
(AP) Attorney General John
Dunbar today sent to Prosecutor
W. J. Mllroy of Thursday county
all the evidence in his possession
concerning vouchers for $4,449..
29 for office supplies alleged nev.
er to have been delivered to the
state.
OST people depend on Bayer
A Aspirin to make short work of
headaches, but did you know it's
just as effective in the worse pains
from neuralgia or neuritis? Rheu
matic pains, too. Don't suffer when
Bayer Aspirin can bring- complete
comfort without delay, and without
harm; it does not affect the heart
In every package of genuine Bayer
Aspirin are proven directions with
whicfe everyone should be familiar,
for they can spare much needless
suffering.
SPIRIN
cm
Here and
There:
THE agricultural bill o( tne
senate and its mate from the
house are snug for the time
being within the confines of the
conference committee where tbe
much-debated debenture will be
subject to violent examination. If
the house doctors have their way
the hateful excresence will be sub
jected to an operation which will
leave the patient bill in much his
present condition, sans deben
ture. The close margin by which the
debenture won in the senate. 47
to 44, sugegsts that if the house
makes sufficient protest, the con
ference bill will come in without
a debenture and can be passed if
the senate' feers sure the house is
adamant. "Psdeuo Republicans"
had best give the nation an argi
cultural bill even if the debenture
be eliminated. Borah and Brook
hart are trying to win their point
but when they see too much oppo
sition we forecast reconciliation
on a "non-debentured bill."
WITH all our education, great
masses e-f people are much
like wild animals. A crowd
of 6000 New Yorkers seeing Babe
Ruth play Sunday, went into &
panic when a little rain splattered
down on them. Rushing for cover,
they trampled under foot many of
their number. Two are dead, sev
eral injured, because of the mob
psychology. Only thosewho have
witnessed an exit rush from a big
league game or seen the crowds at
a 42nd street subway station can
appreciate what a New York
crowd can do. It is more danger
ous than a flock of Chicago ban
dits, if it once gets panicky.
THE week-end brfogs its quota
of airplane accidents. Perusal
of the reports brings out that
oft-mentioned point; tire majority
of the accidents are caused by
the carelessness of the pilots or
the use of old, antiquated planes.
Auto accidents and airplane acci
dents are much alike in one re
gard; most of them could have
been prevented.
This is the season of com
mencement! Blithe seniors
whether from junior or sen
ion high or from college face the
world with the calm assurance
that the cracking of the problems
of the day is a task quite soon to
be accomplished. How soon the
illusion fades! College students
probably pass their most unhappy
years the first two "enjoyed" af
ter the sheepskin is given. Then
the romance of the classroom is a
YOU may have the ser
vice of this strong fi
nancial institution as your
executor and trustee for
the same fee allowed by;
law to individual execut
ors. An individual executor
may fail to survive the set
tlement of your estate,
may become incapacitated
by illness, may travel, for
get, be too busy, embar
rassed financially, or be in
experienced, so that your
estate may suffer loss and
additional expense-
Which executor do you
prefer?
Consult our trust offic
er about the settlement of
your estate.
Ladd & Bush Trust Co.
We have moved our of rice from its down
town location at 143 S. Liberty street to
009 N. Liberty St.
Our office and warehouse are now in the
Same Building
We have the same phorjie numbers
or Residence at night 1898
ILoi?iisaei? E&amGUQ&
NoJob Too Big or Smafl for Ua to Handle
Local and Long Distance Hauling, Storage
Wood, Coal, Fuel Oil
Terse comments on Events,
Local and Abroad, of the Past
Week.
pricked bubble and the reality of
the struggle for existence gets a
full view. Twas ever thus. After
the period of readjustment u
over, some newer values for col
lege are formed. Friendships r. -main,
the glamour of four yea;
of a glorious good time is still in
consciousness and tends to dispel
the gloom of the workaday world.
Year by year the college graduate
realizes that after all, the real ac
tual Job of life Is more thrilling
and more compelling than the
task of the classroom and there
c6mes a deeper satisfaction than
eyer was afforded by Latin, alge
bra, home economics or sociology.
Tl
DALLAS, Tex., May 20 (AP)
Torrential and widespread rain
fall today marked the passage of
another series of Texas storniss
which killed one man, Injured 11
persons and did thousands of dol
lars damage. Frank Trentacosta,
storekeeper at Bryan, was killed
by lightning In the door of his
store.
The most severely struck area
was near "Wichita Falls, where at
least eight communities felt the
force of winds and heavy rain.
Neat; Vernon, Mr. and Mrs.
Merrell Wilkerson. who were cele
brating their honeymoon, were in
jured when a twister ripped their
house from the ground and car
ried them about 300 feet.
In far south Texas, Westfiekl,
li miles from Houston, also suf
fered from the wind, a twister
swept a path about a quarter of a
mile long and 50 feet wide. Four
persons, Mr. and Mrs. W. A. Far
row and a Mrs. Benedict and her
daughter, were injured. Tht Far
row home was flattened.
. Near Wichita Falls, at Dundee,
William Ganders was injured when
a store building collapsed; Mrs. C.
H. McDanlel was hurt when the
porch of her home fell in; a fly
ing timber struck William Miller.
Eight stores and 12 homes were
damaged.
FROSH WIN ANOTHER
EUGENE, Ore., May 20
(AP) The University of Oregon
freshman baseball team defeated
the Oregon State rooks for the
second time in two days 7 to 6
Saturday.
SWEEP OVER TEXAS
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