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About The Oregon statesman. (Salem, Or.) 1916-1980 | View Entire Issue (July 2, 1929)
PAGE FOUR The OREGON STATESMAN, Saleo, Oregon, Tnesday lloroir.r, JnTy 2, 1929 J. : v i. ' .'""" ' ' r 1 Wo Faror Sicayt Vs; No Fear SaaU Arte." From Firs Statesman, March 28, 1851 ; ; THE STATESMAN PUBLISHING CO. I CBASLE8 A. SrsAGlE, Sheldon F. Sackett, Publisher Chajuxs A. Speagce . Sheldon F. Sacxxtt Menfber of the Associated Press is exclusively entitled to the use, for publication of all newt dispatches credited to it oi not otherwise) credited to this paper. . I ) . i ; .- :, - . Entered at the Potto ff ice at Salem, Oregon, at Secend-Clate Matter. Published every morning except Monday. Bitexnete office tli S. Commercial StreeUi " i I Pacific Coast Advertism,; Representatives: ' -v . JArthur W. Stynes. Intr PortlandL Security Bid. . San Francisco, Sharon Bide.; Eastern Advertising Representatives: - -: Ford-Parsons-Stecher. Incl New York, 271 f ; Chicago, 360 N. f ; Source of Banking Strength j THE FAILURE of the largest bank in Astoria recently brings to the front again the fact that the strength of a bank does not depend on the size of its deposits but on the character of its assets. Banks frequently advertise their total resources as reaching a certain f igure-iThat doesn't mean a great ieal for their liabilities to depositors! is always close in amount to the figure of their assets, the difference being the protection provided by capital, surplus and undivided: profits. I there is no substitute in banking-practice for sbundjman iagemejit There is no artificial fonhula which will make banks J safe. State guarantee systems have been tried and proven un sound; Chain or group banking may have; some advantages but not to the extent of covering up faulty! judgment in loan ing money. The. only chain nationwide in its extent was the brotherhood banks; but this chain is breaking up and the in dividual banks have many of them been disposed of. The in vestment company of the engineers which j launched an ambji I tious program of banking, real estate development,, etc., has ngone into receivership.: Rudolf S, Hecht, president of the Hi- " hernia Bank and Trust company of New Orleans speaking beforf the Illinois Bankers Association recently, made forceful reference to the fact that neither, branch nor unit systems of ' banking may be substituted for managerial ability. To quote from his speech: M li i i; . ."Over-expansion and frozen credits can occur under; one system I as well as another. This Is best illustrated by the fact thai within the ("same period covered by the above statistics we had failures such as the Bankers"Trust-company chain ot Atlanta, which a few years ago caused 83 apparently independent banks in two states to close their doors within 48 hours, the failure of the Home Bank of Canada with 78 branches, and the practical failure: and forced absorption of the Merchants' Bank of Canada with 400 branches, i. "After all, good banking ia not: a matter of size. A properly conducted small country bank can be as safe as a large city institu tion with many branches. Success In the banking field depends On 'good management, whether the unit be large or small. It cannot, be denied of course, that larger institutions can and usually employ more capable men with greater experience; and sounder judgment than can 4 the average small unit bank. They also have, on the whole, better fa cilities (or standardizing their business, keeping themselves properly Informed, and thus escaping many losses resulting from actual opera tions as; well as from poor credits. "ipwever, we have reached a point in our profession where most of the diflciencies of the small town bankers can be supplied, ' not necessarily by making any fundamental changes in our banking system or by giving up any ot the unit bankers' independence, but merely by bringing about a better spirit of co-operation and mutual helpfulness." , ' V The fact that a large bank in an important city of the state has passed into liquidation is no inde of banking con ditions over the state as a whole. The Astojria situation was one of some years' standing. Conditions there now are dis ; tinctly favorable as fishmghich is the major activity is : this season highly profitable. The; state banking department I has been increasingly vigilant in preventing banks from get ' ting into strained situations. Since the post-war banking ca-' 1 tastrephesJbankers themselves have been . exceedingly cau tious. It may still be said that there are ''too many banks" , for all to thrive; the process of elimination will probably be through mergers and absorption rather than through forced liquidation. ; - : i ". Secretary or Executive? ONE of the first questions th board of higher education has to decide is the character of the off ice of secretary. Is that official to be a secretary or to be an executive? Frank Irvine, veteran regent of the State College, is right in urging that the office be entirely subordinate, that it be purly clerical in character, that it by no means carry with it ttfe functions of being the executive of the board. Mr. Irvine urged at the organization meeting that the presidents of the several institutions be left supreme in theur individual fields, j with direct access to the board,- Any other way of handling the institutions would be suicidal: ! ,- , L If the board sets up a real executive he will try to run -- the several institutions; he will be in effect a "chancellor" of j education, an office which the legislature turned down in con- i sidering this very measure. There; would be an open road to t friction and discord if , the individual presidents made their s j contacts with the governing board; through an executive sec- i retary. The less responsibility, which means the less salary, which is given the secretary, the greater: the assurance that v the new scheme of things will work out smoot.ily. 1 The institutions find some difficulty ir. handling their ', j purchasing through a state officer located in another city. If i now on matters of administration they are to be subordin- i afed to another Salera executive the machinery of control I might break down. j ,' i We hope the board follows trie, ad vice of .Mr. Irvine and I preserves the office of president! of the individual -institu-, 1 tions with powers unimpairedt with direct access to the single J governing board, and with no complications of having to take j orders from some "executive secretary." i .-Values of Farjn Lands I fflHE ONLY1 trouble with farm lands is that their titles are ' 'r ncjt modernized. Farm owners are still trying to sell an ' old-fashioned piece of paper with red marginal lines all ! around, a printed form with blank spaces filled in. People do not want to put their money in old-fashioned deeds like that, The way to do is to double the value of the land, "incorporate," -j then sell lithographed stock certificates rath gaudy borders ! and background and a. large gold 'seal on them. That is what people want to buy nowadays; and if you can get the stock j listed on Wall Street, then it will be sold and resold many i times daily. - 1 j . : a ; $eriouslyj enough, a great reason why farm lands do not ; sell readily that investment mdney has been diverted into j purchase of -securities. Formerly local capital, being unfamil ' iarj with stocks and bonds, went into farm mortgages or into , buying farm? lands. Now that money goes into investment se : curities.Tt may easily come to pass that land ownership will 3f be held by corporations with the stock held. by the public. Or if the stock market craze should terminate, which seems . improbable, then funds mght once more be available for land financing,.' '- j ! u, " , The depressi6n in farm land yalues represents not merely 4 a decline' in farm income,' perhaps not that to any extent at ,.t all now; rather a lack of demand for farm land because of conflicting attractions for investment capital. . . The Medford Dally News, morning daily, has been purchased by L, A. Banks, one of. the prominent fruit med ot the Pacific coast, op " eratUtg loth in citrus and 14 deciduous fruits. Mr. Banks has cxtens v . iv orchard interests in the Medford country He plans to continue - the present operating itaf f of th4 A Eugene dispatch says that an Oak Ridge garage man drove - - wrecking truck over the Wttlataette Pass last week. What was prolj "ably meant was that the ttuet was a wreck after it made the trip. --We were after making thai trt last summer. . , ; - Editor-Umnagtr L Managing Editor f Associated Press ; i Los Angeles, W. Pac Bids. Madison Are.; Michigan Ave.' paper. itU, Ka Tmtm ty4feK he, Oml BHtaia BITS for BREAKFAST -By R. J. HENDRICKS A historic marker . : mm Or monument is to be set up on the south bank of the Calapoola river about? two miles east of Brownsville, to designate the spot where stood the Spalding school house, if the exact) site can be identified. This was .decided at the annual meeting of the pioneers of that section held at Brownsville a few days ago,- at which, among othe"r things, the services -of the pioneer preacherOoab Powell are each year commemorated. i This matter should have had at tention many years ago, when the historic building was still stand ing, or while people were living who could identify the exact loca tion. (More Important historic spots, many of. them, in Oregon are still unmarked; but there is a movement to correct this neg lect.) "W V The Spalding school house was also used for church services, and the first territorial court ot Linn county was held in the building in 1849. It was erected on the do nation land claim of Rev. H. H. Spalding. He was the first county school - superintendent of Linn couty, and Brownsville's first post master. He had come to the Wil lamette valley early in 1848, after the Whitman massacre, which was perpetrated Nov. 29, 1847. i . J- A representative of the Amer ican Board ot Commissioners for Foreign Missions for the Congre gational, Dutch Reformed 1 and PreBbyterlan churches had attend ed and spoken at the farewell meeting in New York for Jason Lee. starting for the Oregon Coun try, who with his party arrived on October 6, 1834, at the "old mis sion" aite 10 miles below Salem and commenced erecting the first rude log house there. The Dutch Reformed church at Ithica, New York, .sent out in 183 5 Ihe Rev'. Samuel Parker with directions for a preliminary survey of the field before locating a mission in the Oregon Country, in response to the call of the Flathead Indians for the white man's "book of hea ven."" By arrangement of the American Board, Rev. Parker met at SU Louis, Dr. Marcus Whitman, who was going out for the Presby terian church on the same mis sion. They traveled together in a company of white trappers from St. Louis as far as Green River, where Dr.- Whitman turned back to seek reinforcements and Rev. Parker went on and 'arrived at Fort Vancouver Oct. 16, 1835. He visited the mouth of the Columbia and the Willamette -valley spent the winter at Fort Vancou ver, went back in the springs to Fort Walla Walla, selected Walil atpu and Chemekane (and per haps fLapwaii) as mission sites, and then' returned to the United h6tates by-way of Fort Vancouver and Honolulu, reaching Ithaca May 23, .1837, having traveled 28, 000! miles, going around "the horn." Dr. Whitman returned to Boston from Green River; appeal ed successfully to Miss Narcissa Prentiss of Plattsburg, New York, to .become bis bride; they were married in February, 1838 and with his bride Dr. Whitman set out; on his second trip west Feb ruary 6. At Pittsburg they met Rev. H. H. Spalding and his bride, on their; way from Oneida,' New York, as missionaries to the Os age" Indians. At Liberty, Missouri, the ! four were Joined by W. H. Gray, who Joined them. At Liberty they bought wagons, pack mules and equipment, and 16 cows. Dr. Whitman ? succeeded in taking his (wagon ' as far as Fort Boise, the first wagon ever taken beyond Fort HalL Mr. Whitman and Mrs. Spalding: were the first white women to cross the Rocky moun tains; the two brides enjoyed one of the longest wedding journeys on record." Arriving at Fort Van couver, the women-. were quartered Vacation Planning there and the men left Nov. 3, 1836, and selected for mission sta tions Waiilatpu, six miles from what Is now Walla Walla, Lap wall, about 10 miles from what is now Lewiston, Idaho, and the next year Chemekane, not far from Colville, Wash. The Whitmans took charge at Waiilatpu, the Spaldings at Lapwaii, and the next year Gray returned to the east, married (the mother ot Mrs. Jacob Kamm ot Portland) and returned with his bride and Revs. Cushing Eels, A. B. Smith, Elkanah Walker and their brides, and Mr. Cornelius Rogers. Revs; Eels and Walker settled at Chemekane. Rev. Smith and wife settled at Kamiab tem porarily.. V The Spalding church at Lapwaii Is still in existence, with a full blood Indian pastor. Followed hard years of more or less suc cessful work among the Indians. Followed the famous winter ride of Dr. Whitman across the Rock ies in 1842, after receiving mes sages from his church board brought by the first considerable immigration of settlers of that year Followed his return with the first (Applegate) wagon train of 1843. Followed, in1847. the mas sacre, The Cayuse Indians had on their list for their deadly toma hawks Rev. Spalding, who was on Way from Lapwaii ta Wailila tpu. But he was warned :by a Ca tholic priest .and escaped. The massacre was followed by the In dian wars of eastern Oregon, Washington and Idaho, lasting be tween temporary peace agreements till the early sixties, resulting in the abandonment of all missionary efforts by the whites among ithe Indians, and shutting off the cov ered wagon trains almost- entire ly after the one of 1854: A nota ble exception was that ot the Au rora colony train in 1855. Revs jSpaldlng, forgetting the fact that his life was saved by the timely warning of a friendly and faithful father of that denomina tion, became a flaming protagon ist of a bitter dispute that raged for years, over the charge that the Catholic priests had been respon sible for the Whitman massacre; :a chapter in Oregon history that ought to be covered by the mantle of charity and forgetfulness. The covered ' wagon trains of 1843 to 1854, and the ones that followed after the Indian wars, and the events from and before the coming of Lewis and Clark In 180$,. leading to the extending of the arch of the American republic to the Pacific ocean, marked many spots that ought to beand will be, made shrines by monuments and memorials, and will be; giving to the Paclfie northwest values in historic associations that are be yond price. e i Old Oregon's Yesterdays To wb Talks from The States man Our Fathers Read July 2, 1904 : . A. Welch of the Citizens! Light and Traction company, . told the people of the Liberty district, at a mass meeting there, that he would build a trolley line from Sa lem througfcj to Liberty and Rose dale if people of that section would put up half the money. A number of Salent business men were present at the tneetlnr. The'clty has Instituted an In junction suit against H. P. Mtato and agents to restrain them from keeping the ity from using grar, el from the Minto bar, - j, iM. -i -h : - A wood-be robber followed Mrs. William McGowan ot Portland, who" ia visiting at the Pohle home, and attempted to snatch her purse from, her In broad day light. Hers purse string broke, foiling the Tobber, who ran.. ; 7.2. sm. O 7c O A Very Light Subject I o By RITE HARRIS The men have nothing on the women in the way of clothes now adays. Never did have, for that matter, and the women themselves haven't much, but It is sensible, healthful and almost natural in the opln on of a writer in the Denver Post. At the present rate of progress it wu very soon be entirely so. . No longer is woman a mystery. bile has at last become pretty much an open book, so to speak. Themen who used to stand on the street corners and make sus gestive remarks can no longer get a raise. a Now.that women's clothes are practically disposed of, what about men si Covered from head to foot three uers laicK, he is an, object of proper derision and deserved con tempt. And it is telling on him The women are daily getting sua baths; the air whisks easily au anout tnem with Its stimnlat ing freshness while hubby swelters and pants in pants, and not only panis duc unaies, shirt, vest and coat. une garment from the waist aown and bare feet or at most sandals is suggested, seriously so. nun wny noil Nobody would look twice, at a man bare to the waist. Nobody ever said a natural man was any- mnK io maue you catch your breath. He started the slogan, "It pays to advertise," but maybe he now realizes he "ain't got the goous. Anyhow we wonder how far the women will have to go before the iuch prom Dy tneir example. At present tne men themselves are proDaoiy just waiting to see WILD PARTY LOSES -BULLIXGHAM. Wash.. Julv 1 r (AP)- The three Bellingham normal teachers who were dismiss ed Friday for alleged partici pation in a "wild pany." today had no 'statement to make. Miss Helen ;DozIer had packed her belongings yesterday and Could not be found today. Arthur Kolstad dismissed the. case with the simple remark that he regard ed himself as a ''victim of circum stances." adding that "the board had a right to terminate his eon tract at any time It saw fit." Oscarj Wlnther asserted tbe matter Is closed so far as I am concerned." All refused to com ment on the alleged "wild party," at Kolstad's home, said to have been attended by the, three dis missed instructors and a 19 year old girl student. Y No One Named to Follow Hammon WASHINGTON,' July . i -(AP) With the expiration Satur day of the four-year term of Major General Creed C Hammond, of Eugene Oregon, the office ot chief : of the militia bureau, be came "vacant and the war depart ment gave no indication as to the appointment of a accessor. j Secretary Good, however.' de clared the principle ot rotating of ficers In high commands would be observed In the case ot the militia bureau. I Editlors Say: THE EDITOR AND THE JUDGE In the current edition of the always Interesting Cottage Grove Sentinel there is an editorial by Elbert Bede which must have forced the Mnetyper to reach for additional matrices of the capital letter I. And in a recent edition of The Oregonlan there is a com munication by onr own Judge L. N. Blowers, who Is himself quite handy at the typewriter, in which the chief characteristic is again the lavishness- with which the al phabetical symbol . for the first person singular is sprinkled about. One reading first, the one article and then, the other and then hold ing them side by side for com parison becomes conscious of the fact that here in Lane county at least there is a degree ot freedom from the Oregon inferiority, com plex that one. hears so much about. 'It appears there is an issue be tween our-two prominent Lane county citixens, which seems to be as nearly as one cad make out, on the question as to whether Judge Blowers is or is not a, candidate for governor. There are indica tions, too. of a secondary ssue as to whether or not Mr. Bede is la potential candidate for secretary of state. Mr. Bede says the judge is conducting an active, campaign for governor. The judge says he may or may not become a candi date for governor. He also has said, though not In his latest letter to the Portland daily, that there is a political combination in the maPIng which hopes to promote Secretary of State Hoss to the gubernatorial chair after a while and put Editor Bede in the office of secretary of state. Now, laying aside completely any consideration ot individuals. or Individual fitness for the two high offices that- Editor Bede and Judge Blowers are accusing each other of aspiring to respectively, would it not be a nice thing to have two members of the state board of control from Lane coun ty at once? We'll say it would. And the state of Oregon as a whole could ot fail to benefit by letting its ship of state be captained and first-mated simultaneously by gentlemen from so progressive and altogether fine a county as ours. We will even venture to suggest to Editor Bede and Judge Blowers that, having nominated each other, they hold a Joint con vention between themselves and make a suitable selection for the office of state treasurer, also from lane county, iet s give Oregon a government with the right back ground for once in its life. Eu gene Register. "SCENIC OR SIGX-IC? What the billboard can do.' and is doing to scenery is graphically shown in the Standard Oil Bui etin for May, a cony of which has just reached the desk. The main article in the company's house or gan Is devoted to this subject, under a heading "Scenic or Sign ic Highways!" The article is profusely illus trated, and each picture- tells its story of lovely scenes obscured, of trees plastered with signs and posters, ot boards occupying such locations that they are certain to compel the greater part of the traveler's attention. After referring to the huge sums already expended and to be spent in the future on highways used to no inconsiderable extent by visiting mototisf-ithe article says: "To permit the defacement and uglification of these highways Is to disgust visitors and. drive them away, which certainly is 'bad bus iness.', Any practice which arouses the anger, contempt or resent ment of motorists on the great annual pilgrimage from all parts or the country is detrimental to the state at jlarge.' Highway ad vertising, as now conducted in many places, has this effect." "Scenic or Sign-ic Highways' has to do chiefly with conditions This rCE thoughtful man who! names the First National Bank in his Will knows that his affairs will be in the binds of an organic-; tion Ion?; experienced. in the estate problems involved. FamUiariSr with legal, tax, and investment requirements win save valuable time Many; experienced men can, be called upon at any moment. A train f corps will care for detail and clerical wnrV is,? fti are always here, sickness can lwtinterfere. . In fact every contingency is covered to assure your beneficiaries of every helpful servW , We'll gladly explain how our broad facilities . can be fitted to your0 situation exactly! MEMBER FEDERAL v RESERVE Here and There: N CHICAGO, a golf-bug bitten broker offered Sie.080 to anyone who would teach him how to get hit fame below 80. The offer was accepted and after months of grinding the . broker turned In a score under 80 three consecutive times. Asked why he made the effort, ihe broker an swered: "To win a $5 bet." Esplnosa won 11000 for taking blithest honors for professionals at the open golf tournament Just completed. But he lost the ture overwhelmed by the matchlesi play of Bobby Jones. Esplnosa took no Joy in receiving the $1000 cash award.' He could on ly think of his poor game. The desire to excell Is unrvers al. Of course making money Is comforting andtakes. away much of life's hardships. But people who live life to the full. know the satisfaction of starting out to do a Job and then "accomplishing it. That's why a golfer pays $10,009 to win a $5 bet. That's why Es plnosa takes little Joy in a fiOOO check: he played "rotten golf." ;, Travelers describe the exquisite beauty of the Mediterranean as seen from the Rivera in southern in California, but It applies Just as closely to the rest ot the Pa cific coast. The comment and advice it contains is given by a company which saw the Hght in 1924 when it voluntarily remov ed its highway signs, numbering many hundreds. In all. They have never beln , renewed, and the company has found their removal to be good business. Bend Bul letin. DOST BE DAZZLED BY THE LIMELIGHT Stowaway Arthur Stfhreiber ar rived at the port of New York this morning. Lest you hsve for gotten the name, might we recall, he is the young man who sought fame and fortune by stealing a ride on the "Yellow Bird."' No sirens blew for Arthur, no crowds .greeted him. Attired la a fancy-cut suit of Paris clothes, he had his picture taken and thin, under the wing of his fath er, silently stole away for the first train leaving for Portland, Maine. We detest above all other things hitting a man when he is down, and shall therefore add nothing to what has already been said concerning Arthur'a esca pade. He has been i punished enough. In fact, we are inclined to think that having to wear and have his picture taken- In a suit of fancy-cut French clothes makes his punishment excessive. But before he disappears for ever from the public view, we would like to call his example carefully to the attention of all those young and old, male and female, who still suffer from the Schrieber delusion, namely, that publicity Js desirable, regardless of its nature. Arthur got plenty of publicity. For a few hours he was almost as conspicuous in the limelight of the world as Lindy. But observe the denouement. Hissed in Paris; greeted by pity and silence in New York-f-Poor Kid. "I wish I hadn't dona It I only want to get home! , Don't be dazzled by the lure of of the limelight. . Boys and Girls. It can thrill and elevate the ego when the conditions are just right, but when they aren't, How it can sear and sell and ruin! Medford Mail Tribune. : WISE RCLIXG ) z. 'Member Clyde B. AItch$son. speaking presumably for all the Your Executor Institution or an Individual? NATioJj st K. Terse : comments on ; Events, Local ind Abroad, in the Cur rent News. . ' Franee. The Roosevelt; highway runing. along the coast la a Con stant Rivera. From Otter Rick one xa7 gaze up nJj 4own. the coast for to miles on a clear day. Five hundred feet be-, low the never ending poinding of the anrface. the watera atretched f, out on the .beach in a white foam ed surf, marvelous to behold. All 1 this beauty available for Oregon-, V . tans, many of whom live within, one hundred miles of the high. way. Wo cannot bo too enthusi astic abou Oregon sad Itta beau ties. - : - i ! i .... i ; I The tourist crop of i southern California tajworth $IO0,OOO,OO year; thatf the hay ilatriet.il worth $150,000,000 members ot the state editorial , association were told at their Albany banquet Friday by Mr. Cudby, manager of Callfornlans, Inc. and he knows. California has no f highways greater than the Roosevelt route;. It lacks the mountain streams and the green scenery which; abounds in Oregon. But' California has un daunted enthusiasm, optimistic, nergy. Oregon might ! well bor row some of Calif ornla-i leader ship to put over this state's un parelled message of progress. interstate commerce commission, has issued a? rather timely warn-.. ing to the effect that in fights be tween railroad systems such- as the one now going on ; between . the Northern Lines' and the Southern Pacific over the North ern Lines extension Into Califor nia, the commission pays no at tention to mere expressions ot opinion elicited from chambers of commerce and other clvij or- , ganizations. Actual : evidence? Yes, ijhaJeaya that Is acceptable from anybody, but resolutions which ' are . only so much stage setting for. one side or tine other well, the commission has beep in business far too long to be gTeatly excited by them. ; Facts and figures can be the only basis for a proper answer to the Northern Lines petition facta and figures on the future rail business between California f and the northwest, mat some or the traffic now moving over the Southern . Pacific through this gateway and a good deal more through the Ogden gateway would be diverted seems to be ad mitted. It's for the Northern Lines to prove that the develop ment which they foretell has more than a wish back of it It's for the I. C. C. to get and study those figures. Oregon Is going to have some arguments with all railroad systems on Intermediate rates and the cross-state line, but those are other matters. Eugene Guard. Y a m hi 1 1 Bankers Meet at Chanipbeg ' CHAMPOEG, July 1 Over 200 people atended the Yamhill Bank ers association pnlenlc held for, the directors, employees and fam ilies at Champoeg Friday evening. .' A cafeteria supper j was served and afterwards the group met in the patio of the memorial build ing and enjoyed a band concert by the Newberg hand, Mrs, Edith Toiler Wetherhead gave an Inter esting talk on the history of Champoeg.: There was no business, the gathering being for pleasure only. This was the first time the association had ever met tot a social time and it was so thor oughly enjoyed that; they, Intend to' have more "of such gatherings. Read the Classified Ads. V4 ! SYSTE ll V 4 AM A 2 f i - J ' : f I X