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About The Oregon statesman. (Salem, Or.) 1916-1980 | View Entire Issue (June 27, 1929)
PAGESRTEEtf The OREGON STATESMAN, Salem, Oregon, Thursday Morning, June 27, 1929 m-pN Detroit, Toledo and Ironton is Brought From Low Level to Profit DETROIT, June 26. (AP) Announcement today of the sale ol Henry Ford's Detroit, Tqjedo and Ironton railroad to an undis closed group of investors marked - the successful termination of a motor magnate's venture in .the railroad field. Mr. Ford obtained the railroad in 1920. for a total investment of $5,000,000. after the line had struggled along for 30 years with many receiverships. In 1924, it was disclosed, the railroad had earned J4, 201, 883 for its pur chaser. Mr. Ford's administration of the road was a series of success ful innovations. At the outset, in stead of inaugurating a policy of rigid economy, he increased ex penditures for maintenance of way, equipment and wages, and made the dying railroad pay band some profits. Employes were not only paid wages above the usual union scales but were partners in the They were offered certificates in the railroad which by 1924 were paying an annual interest of 12 per cent. The railroad formed an import ant link in the huge Ford produc tion system. It moved manufactur ed products across nearly all the larger jast and west trunk lines between Detroit and the Ohio riv er and In addition tapped the coal fields of southern Ohio, West Verglnia. and Kentucky, thus as suring the Detroit plants an un interrupted fuel supply. Electric engines were itnroduced and the freight service speeded up. To day the total mileage ,1a approx imately 629 miles. In 1925 Mr. Ford started eng otiations to combine the Detroit Toledo and Ironton and its sub sidiary, the Detroit and Ironton, into one operating unit. Permis sion was granted the latter road to Issue $500,000 of capital stock, and $3,850,000 of first mortgage bonds to be used in the acquisi tion of railroad property of the Ford Transportation company, formed in 1923 to make exten sions. The plan was proposed by J the Frd interests after the inter-; state commerce commission had ! j denied un application for an act- j I ual merger of the two roads. j made actual undertaking. Hayesville To Have Meeting This Sunday AUBURN. June 26. T h c Hayesville Sunday school conven tion will meet at the Hayesville church on Sur.day. June 30. The district, was organized June 30, 1893 and is the oldest or ganization of its kind in the world being composed entirely of rural Sunday school?. The church is tin nucleus around which the organ ization centers and is near the spot where the frost gathering was held. Sunday will mark the 144 quarterly convention of the organization. Th-; Sunday schools in the dis- rit 9' VtUdl (irrtvp CfAT ! Lcko Chemawa. Eldridge, Pra- tum. Mennonlte, Labi3h Center, Keicer, Brooks. Union. Pratum Methodist, Hazel Green. Salem Japanese, Hayesville and Fruit-land. BARGAIN DAY ..AT MILLER'S BASEMENT BIG BATH TOWELS (SECONDS) CHOICE BOYS' ATHLETIC UNION SUITS. GROUP, CHOICE WOMEN'S RAYON FRENCH PANTIES. COLORS COLLECTION LACES. COLORS. EDGES, 4 YDS FOR . MEN'S POROSKNIT UNION SUITS MEN'S RAYON UNION SUITS CHILDREN'S PRINT DRESSES, 7 TO 14 YRS WOMEN'S SPORT HOSE, 3 PAIRS COLLECTION PURE SILK HOSIERY. CHOICE PAIIi MEN'S TROJAN COTTON PANTS MEN'S TAN AND BLACK OXFORDS, LOT BLEACHED SHEETING, 72-81-90, 2y2 YDS 10c 39c ...48c 10c 79c 79c 98c $1.00 69c $1.98 $2.98 $1.00 EXTRA SPECIAL! ...COATS DRESSES ...SILK UNDIES ...SHOES ...HOSIERY We Reserve the Right- to Limit Quantities! BASEMENT 9 111 - 1 - IDA 9 o e at Mill ers OUR PROMISE! "EXTREMELY LOW PRICES" A Mm 1L Beginning Friday Morning at Nine! Here's Just an Inkling Read Big Fancy Bath Towels (seconds) Basement, Limit Four, Choice ft Beaded Bag, Gloves, Flowers, Veiling, Kerchiefs,Limit Four. Choice ... Regular 12 Momme Weight! Silk Pongee, Limit 10 Yds. Per Yd One Big Group of Laces, Embroideries, Cluny, Filet, Etc., Per Yd. . . . 2. Big Collection of Odd Purses and Bags, Each IHISlBS IPl?fl(32 One Lot IJine Quality Perrin Kid Gloves, Sizes 6-6lA, Choice One Group Boy's Wool Oliver Twist Suits, Choice . . . . . . . . . $jxo(o) One Group Men's Pull Over Sweaters, Choice H0 One Lot of Men's Shirts - Madras, Broadcloth, Etc. Choice .$26(o) One Group Kiddies' Wash Play Suits. Zipper or Button, Choice Q0( One Lot Men's Flannel Bath Robes, Choice : . . . . 2oD Regular $1 Value Boxed Stationery, Fancie Choice . p( Regular $3.50 Value 5 pc. Ruffled Curtain Sets, Choice Regular $1.25 Value Curtain Panels - Odd Lot, Choice . (a Regular $2.25 Value Fancy Bed Spreads, One Lot Choice ?$ft0) Silk Hosiery -- Odds, Hurts, Etc., Values to $2.00, Choice .......... ($)( Collection Girls' Dresses, Tub Silk, Piques, Etc-, Val. to $4.95 . ?H023 GROUP WOMEN'S COATS, SMART STYLES IHLeM l?l?iQ' ALL PATTERN HATS - REGARDLESS OF PRICE KMS I?fi?ne2 Group Organdie Frocks, Values to $9.95, Choice 2o?) Women's Felt House Slippers - Group Small Sizes g0 Women's White Canvas Oxfords, Broken Sizes, Choice S Misses White Ballet Slippers, 12 to 2, Choice . . , . . Men's Gordon Felt Hats Regular $5, $6, Close Out $0(2) We Reserve the Right to Limit Quantities! 1 SALEM, OREGON - - r - I I T - . LICK1 IS Ml LLER MERCANTILE COMRA.NY INC IBIS IHIESIKLIS AST kJUKriSS