WEATHER i -
V Baia today, followed r. by;
geaenlljr clearing wentner
today . aunt Monday. Max.
temperature Satarday '57;0
Mia. Ms Rlrer .7; .Wlad
omth. .
...
, ; . .... i .
JI?y,wC alrtrfbatiea fr'he
, ateath aii OcWber 11 ," tMt
'-6,674 : . ;.:'
4it Bunt t CteJii.
FCUMDCO 1831
E3VENTT-NINTH YEAR
Sunday Montia, November 17, 1929
Growing Up
Wilis Suit
First Airplane Suicide
ii
re
'4
THEIR ASSETS
TEI16T0D
-
r
1
r
I!
Bank of Commerce Consoli
dates With First Na
tional at Once
ill Combined Deposits of Both
Institutions Over Two
and Half MiHion -
; Effective followlpg tb close ot
business Saturday, two Salem
banking institutions, the First-National
and the Bank ot Commerce.'
consolidated through the purchase;
- of the latter by the former. The
transfer of accounts and physical
assets ot the Bank of Commerce
to the First National is being com
pleted today so the customers' of
both banks may be cared for in
the quarters of the First National
Bank in the Llvesley betiding on
Monday morning. While thrna-i
ehinery of transfer, is a sale, the
, effect will be the merging of the'
two Institutions through acquisi
tion of stock in the First National
by former directors of the Bank
of Commerce who will accept
places on the First National direct
orate. The combined deposits of the
two banks wfll be around $2,600,
000; and total resources will ap
proximate 3, 000,00 on the basis
of most recent statements. .
Officers of the First National
will be Daniel J. Fry. Sr., presi
dent. 8. B. Elliott, and E. F. Slade,
rice presidents, C, W. Paulus,
cashier. H. E. Eakin, assistant vice
president and trust officer, Arthur
B. Bates and W. 'A. Smither, as
sistant cashiers. The directorate
will be as follows: D. J. Fry. Carl
P. Gerlinger. W. M. Hamilton, R.
M. Hofer. D. B. Jarman, T. A.
Llvesley, John H. McNary, W. W.
Moore, H. H. dinger, J. C Perry,
Custer E. Ross, E. F. Slade B. L.
Steeyes, H. E. Lee Steiner, H. O.
White. - -i
Negotiations for, the merger
hare been under way for some
weeks past. News that the deal
bad been completed was circulated
Friday, bat publication was defer
red pending official "announce
ment, which came Saturday. Both,,
banks opera ted ,jis us.ua 1 Satur
day morning, closing at noon.
Each Institution then proceeded to
balance its books for the day's
business after which the transfer
of physical assets from the Bank
of Commerce building began.
Operations were carried forward
all night and will be continued to
day. Books, ledgers, files, securi
ties, currency and as much of the
mechanical equipment and furni
ture as may be required arejjeihg
moved. Nests of safe deposit boxes
are being-transferred to the vault
of the First National.
Monday morning customers of
the old BankJof Commerce may
commence doing business at the
First National, finding their ac
counts readily available.
(Concluded on rage 1 8, Column t.)
EUGENE, Ore., Nor. 1C (AP)
Johnny KlUmlller. the "Flying
Dutchman" of the University of
Oregon . football squad, whose
ankle was broken In the gridiron
clash between the Webfeet and
Oregon State college here today,
may never play football again,
Sbyslclam laid after examining
I-ray photographs of the injured
ankle tonight. The fracture la
such thai It will take several
week! to mend and the injury may
b permanent, physicians declared.
It was reported here that Klts
mffler will be taken to Portland
tomorrow to be treated by bone
specialists and later may be taken
to New York tor the same pur
pose. Kttxmiller Is a Junior.
I NEVER PUY AGAIN
I i
SPECIAL DAY PLANNED
it sfe " sk ' - a A . ' '
All-Valley Event Is Expected to Draw Crowds
PAPERS TO
Thursday ot this week has been
set as the date for Salem's first
All-Valley Day." at which time
local merchants will offer unusu
al bargains in merchandise, In a;
coordinated effort; to attract re
cord crowds of shoppers from the
city's entire trade territory. .
Although the plan has Just been
announced, the aamber ot mer
chants who have already agreed
to cooperate is large, and from the
reception which has been given
the proposal, it Is certain that
many more will participate before
the lists are closed for this first
' "All-Valley day," so that out-of-i
tows, shoppers visiting the city on
- i that day will find bargains' in aL
most , every conceivable line ot
I .merchandise awaiting' their In
( speetlon. ...
i The plan was inaugurated joint.
" ly by The Statesman and the Cap-
S t:. rti , 1 .1
tuiBW i in in uit iu reacning
of the entire buying population
ret 7M0ft people with the an
i noancement et this extraordlnry
2
-m.i
J 'i i
- V'
- - I -1 f If
r -S v I SI'. '
' 'ft ii ' i '
' ' 1 i ' If s x h
.. ' J L ' - - - ' - , v
v i :::-:-X M
Eight-year-old King Michael of
RoumaniA strolling on the terrace
of the Royal Castle at Sinala and
wearing his first long pants. Tbe
boy King's face seems to Indicate
bis complete happiness In his
first salt of "longies."
JAPS PREPARE TO
Obstacles to be Placed in
Way of Coming Disarm
ament Session M
By C. P. WILLIAMSON -Associated
Press Staff Writer
WASHINGTON, Nov. 16.
(AP) Ambassador Debuchi of
Japan has laid before the Wash
ington government the complete
case which the Japanese .delega
tion will pat forward at the forth
coming naval conference in Lon
don in its demand for a ratio of
70 per cent for the Japanese navy.
The Japanese decision to urge
at 10-10-7 naval ratio for the aux
iliary ships of the American, Brit
ish and Japanese navies'. In place
of the 5-5-3 ratio established for
capital ships at the Washington
conference, will be the principal
matter for discussion when the
Japanese delegation arrives in
Washington next month.
The delegation will spend three
and a half days in Washington
en route to the parley, "conferring
with Secretary Stimson and oth
er members of the American dele
gation.
Purdue Record
U In Big Teh Is
Still Perfect
LAFAYETTE, Ind., Nov. 1.
(AP) A long forward pass-that
sailed through the air, straight as
a shot, behind Iowa'a 'goal line
gave old Purdue, the only unde
feated eleven hi the western con
ference, a brilliant 7 to 0 victory
over the Hawkeyes tod.
Purdue, undefeated. In lx
games, four of them in conference
competition, conquered the Hawk
eyes with two am axing aerial shots
after the powerfuj Iowa line had
refused to yield to the smashes of
the boiler makers great baekfield
trioPest Welch, Harmeson and
the battering ram, Tunevich. ,
COOPERATE
opportunity to purchase at a sav.
lng. .
The purpose Is primarily that ot
impressing on this large number
of prospective customers the ad
vantages both In. price and eon.
venlence to be obtained by shop
ping In Salem, and to that end. It
is guaranteed that the special bar.
gains ottered will be bona fide
bargains in merchandise ef the
highest quality. -
Special window displays will al
so be a part of the plan, and
these will be on view Tuesday.
Although the out-of-town trade
is the principal objective of the
newspapers nd the merchants In
announcing this'srojeet, the same
bargains will of course be offered
to Salem residents, and they also
may profit by patronising the
stores which are too Derating.
Shoppers will have no difficul
ty In Identifying th stores which
are offering bargains, as their
windows will display prominently,
cards "announcing that they .are
participating in "All-Valley day.
ra w
Fatigue Sets In; Friends Re
tain Small Hope for T
His Recovery
Relapse Follows Slight Im
provemenf in Condition
' Of Secretary
WASHINGTON, Not. 1 (AP)
A "marked fatigue' in the con
dition of James W. Gctod, secre
tary of war, was reported tonight
by physicians at his bedside as
he resisted the Infection -that-gripped
him after an emergency
operation for appendicitis last
Wednesday.
The fatigue was regarded by
the physicians as an unhopeful
sign even thoirgh they said septic
symptoms had not progressed.
Earlier in the night a slight im
provement had been noted In the
secretary's condition when- it was
reported .that his pulse,, respira
tion, temperature and blood count
were better. His physicians also
had administered nourishment
which was retained. This also was
regarded as favorable,
little Hope Held
For Recovery
The slight improvement, physi
cians said, might be only tempo
rary and his close friends retained
only a Email hope that he could
survive much longer. Physicians,
however, said all Jion was not
lost, that his condition now de
pended upon his own resistance to
the general Mood poisoning that
attacked him after the operation.
President Hoover kept in close!
rtouch with the hospital in Informa-
tion as to the secretary's condi-i
tlon was relayed to him trequent
ly. Specialist Called In
For Consultation
The president, in addition to
holding Mr. Good as one of his
political associates has for him a
high personal esteem.
Dr. John M. Finney, the Johns
Hopkins specialist, was called tor
rsertes of Consultations last night
and. early this morning. . He re
turned to Baltimore today with a
statement that everything that
could be done had been done.
Mrs. Good continued to watch
at her husband's bedside.
H.F.Woodry
Entertained
In Hoosegow
H. F. Woodry, auctioneer and
furniture dealer whose business
location is 271 North. Commercial,
spent Saturday night In a cell at
the police station when -he was
plcked-up--by a city traffic officer
on a charge of driving anuutomo
blle while under the influence of
intoxicating liquor.
Officers arrested Woodry dur
ing ' their i night's drive against
automobiles with illegal head
lights. The machine which was
being driven by the auctioneer
camexcareenmg aown commercial
Btreet with only one headlight
burning. The car was stopped and
it "was then that officers discover
ed a state of affairs which led to
his arrest.
- Jt was not necessary for, offi
cers to call an examining physi
cian to determine the man's con
dition, police declared last night.
Woodry was arrested" at. about
9:20 Saturday evening and was
still unconscious at midnight. '
SEATTLE, Nor. a (AP)
While several thousand members
of the National grange, holding
Its Slrd convention here, were at
tending the ritualistic ceremony
known as the convocation of the
priests of Demeter at the elvie
auditorium today, leaders of the
organization were eloseted in
committee- rooms going over the
program for next weeav
' Charles Gardner of Springfield.
If ass., high priests of Demeter,
took si leading part in the convo
cation ceremony. Visiting dele
gates will attend church services
In a body tomorrow morning and
a memorial service for those who
have died during the past year
wHl he held tomorrow evening. -
Five Men Placed
In Single Cells
At Canon City i
--.. . . ,
CANON CTTT, Colo., Not. It
(AP) Five men tonight were
in - solitary confinement as sus
pects la digging a tunnel in the
grounds ot the Colorado - state
prison, work on which in a few
more hours would have provided
an easy; avenue of escape. - -The
prisoners obtained tools used tn
reeonstrnction work while repairs
were being made to the prison
which was the scene October. S
f tv bloody mutiny tn -.which IS
msm. were killed. . ' ' 7;
V
- - - ' ' i
4 U A NIT A HANSEN
WHITE PLAINS, N. T., Nor. 16
(AP) A supreme court jury
tonight awarded $167,500 to Miss
Jnanita Hansen former motion
picture actress as damages for
burns she said she suffered in a
shower: bath te the Hotel Lincoln,
New York. 4 . . "
Agriculturists and Stock
men Give Testimony
Before I $. C.
SAN FRANCISCO, Nov. 16.
(P) Competition between rail
roads in northern California is
desired by farmers and stockmen,
several agriculturists testified
today in the interstate commerce
commission. bearing Into the nec
essity of building a new Oregon
California railroad.
Benefits the farmers expected
from the proposed line Included
economies in shipping livestock,
reclamation of tillable acreage for
merly under cultivation, increased
consumption of products from Cal
ifornia farms and consequent de
velopment of agriculture, com
merce and industry.
Sheepmen, cattlement. dirt
farmers and experts testified that
lack of competition hampers pro
duction. Great savings could be
realized by stockmen, several ot
them said, it the proposed line
were built. It .would enable them
to ship cattle in and out of graz
ing areas now reached only by
driving or by roundabout and ex
pensive railroad service.
The absence of competition re
tards development of the stock
raising Industry in other parts ' of
the Pacific coast region, it was
stated, by inability to move stock
cheaply and quickly between cer
tain grazing and fattening areas
and markets, .Stockmen of Ore
gon, Washington and California
gave In detalKthe difficulties they
have encountered in moving their
stock over the existing lines, they
gave statistics on their losses and
estimated they they could save
many thousands of dollars annual
ly by making use of the proposed
railroad. -
Henry Y. Compton, who Jias
been cashier of the Salem Bank of
Commerce tor many years, will
become associated. with the Ladd
and Bnsh Bank Moaday as assis
tant cashier. It was announced
Saturday by I P. Aldrich, cashier
of the latter institution. r.
Compton will also be a member
of the bank's . finance committee,
Mr. Aldrich said.
Mr. Compton's first hanking ex
perience was with the Boise City
National hank at Boise, Idaho. He
came to Salem from Boise in
1912, and tor the 17 years since
that time he has been associated
with the Salear -Bank: . of Com.
meree and its predecessor, the Sa
lem Bank and Trust company.
His connection with this insti
tution antedates that ot S. B. El
liott, who was its -vice president,
by about one month, and in the 17
years that have Intervened they
have been associated together In
its management and development.
Mr. Compton la married and
has two children.
Oflicer Cleared
Of All Blame in
. Death of Crook
HERINGTON, Kai., Not. II.
(AP) Sheriff Sidney C. Dederlek
today was completely exonerated
by a coroner's Jury Inquiring Into
action of the officer who last night
shot and killed Mrs. Louise Hor-
ton, 15 years old Kansas City li
quor runner.
4 After an inquest, late today, the
Jury-found that the sheriff "shot
lawfully- in the discharge of hU
dutr in defense of his life. Fol
lowing the verdict County Attor
ney William J. Scott said that no
charges would he filed against the
officer.- -
1L COMPETITION
DECLARED EDED
cn
ACCEPTS
BUNG
payment for Approaches to
New Bridges Studied
' By City Council
Aldermen Seek Proper Fund
To Which to Charge
Expenditures
By RALPH CURTIS .
Steps toward a final settlement
ot the question which has arisen
.in th city council periodically in
recent. months as to whether cer
tain expenditures more or less di
rectly connected with bridge con
struction should come out of the
bridge fund or some other fund,
will probably be taken at Monday
night's council meeting, following
the reading of a lengthy letter on
the subject signed by Mayor
Llvesley.
While most of the councilmen
are willing to order an audit of
the bridge fund if that Is neces
sary some are of the opinion that
the city's books already contain
sufficient data the question has
arisen as to what fund these ex
penditures ean be charged to, if
not the bridge fund.
Street Fond Plan
Mere Blind Alley
The suggestion has been "the
street, fund." But strictly speak
ing, there isn't any street fund.
There Is the fund created by the
two miU levy, buMhe charter ex
plicitly provides that this la for
maintenance and repair ot streets
and bridges not for new con
struction.
If the construction of bridge ap
proaches and the purchase of
right of way is street construc
tion, it ought to be paid for by the
owners of the abutting property,
and it is too late to do it that way,
because the charter requires that
this be authorized by petition and
resolution.
Proposal May Block
Bridge Construction '
, Furthermore, if such a policy
should be adopted, it might pre
vent the construction of needed
bridges, because the property own
ers, might be unwilling to give
their consent, knowing that they
would have to pay for - the ap
proaches, no matter how great the
public necessity. Property abutting
these approaches Is mostly can
yon property, ot less value than
that along other portions or
streets. .
Another difficulty 6een by some
eouAcilmen, Is that the expendi
tures now sought to be charged
tothe street fund, were authorized
not by the street committee or the
street improvement committee,
but by the bridge committee, and
objection on,this score might also
be raised.
Concrete Bridge for
South Winter Backed
A& for the portion of the may
or's letter obectlng to construc
tion of a wooden bridge on South
Winter street, conncilmen who are
interested in that project antici
pate no trouble, as they are pre
pared to ask for alteration of the
specifications to provide for a con
crete bridge.
Permanent construction, in fact.
would suit them better than the
wood construction, which was spe
cified because it was felt that a
bridge was needed but a concrete
bridge not justified, the span be
ing desired principally to afford
a more convenient outlet from the
municipal camp ground to the
highway leading south.
Troops Used
To Prepare
ng
NOGALES, Sonora, Mexico,
Not. II (AP) 8oldiers patroll
ed the streets here tonight ready
to quell any disturbance which
might arise In connection with the
Mexican presidential election to
morrow at which Jose Vasconce
los, educator and anti-re-eleetion-ist,
and Paseusl Ortis Rubio. dip
lomat, who is the fsvorite of the
present regime, are candidates to
succeed E. Portes Gil. provisional
president.
The ttlltary in all the cities of
this state, commonly known as
"the mother of -revolutions, has
taken command.
Meanwhile on orders from fed
eral Immigration and customs of
ficials, the border was closed at
I p.m. and no traffic will bo per
mitted to cross the line from the
United States until after the polls
have closed tomorrow.
Crew of Small
T : Tug Leaves for
,sV2ore or ua&e
BRIGHTON, Ont, Not II.
(AP) Nine men and a woman,
eomprtalng the crew of the-tug
John I. Russell., reached , shore
early today after spending several
hours In small boats on Lake On
tario, after the staking ot the t ug
about eight : miles ef f shore late
last night between Brighton, and
Colbone.
vV.:'j::':---'.-.'
An exit from life ma spectaeolnr ma tt was certain was chosen by
Ruth Rockwell, nt Valley Stream, L. In when with a prayer on her
Hps, she Jumped from m plane S.OOO feet In the air. Misa Rockwell ta
m high school graduate, who lived with her brother nt Oeetwood, K. S.
Albany Man May
Die Ot Car Cxjash
Walter Scott Taken to Salem General ikospital
After Severe Accident Involving Pickwick
Stage on Highway Near Hubbard
r -
INJURED wherTliis .automobile was practically demolished
in a collision with a Pickwick motor stage at Hubbard,
Walter Scott of Albany was in an extremely critical condition
at the Salem General hospital Saturday night. He suffered
mus. Hons
BILL' INTRODUCED
WASHINGTON. Nov. 16.
(AP) An omnibus rivers and
harbors improvement bill calling
for an outlay of approximately
$125,000,000 and affecting every
region ot the country will be In
troduced early 'in December by
Chairman Dempsey of the house
rivers and harbors committee.
The measure will include all
the projects for river and harbor
Improvement-approved by the
army engineers since 1927, when
the last rivers and harbors bill
was passed.
Before the measure Is intro
duced. Demsey said today, he will
obtain from President Hoover his
program for the extension of the
inland waterway development
which calls for Improved -channels
on the Mississippi river and Its
tributaries.
UP TO HIGH COURT
WASHINGTON, Nov. 16.
(AP) A possibility that the su
preme court will be asked to de
cide whether buyers of liquor are
subject to Volstead law penalties
as well as sellers and transporters
of liquor haa developed as a re
sult of legal studies in progress
at the department of Justice.
If tha question goes to the su
preme court, it probably will be
In the form of a petition for a
writ of certiorari, which the gov
ernment may ask as a sequel to a
recent decision of the federal cir
cuit court ot appeals at Philadel
phia Interpreted to mean that li
quor buyers have no culpability
under the present Volstead sta
tute. STEAMER DEPERE
STILL KEPT bFUMT
KETCHIKAN, Alaska, Nov. It
(AP) Heroic efforts on the
part of members of the engine
room crew of the steamer Depere,
which struck on a rock at the
southern tip of Kulu island, Alas
ka at S o'clock Pacific time last
night, saved the vessel from sink
ing in deep water, radio operator
James Delaney reported tonight
' After tbe ship struck, Delaney
said, tbe engine room men re
mained at their posts until the oil
smudged water bad risen to their
armpits. In the meantime Cap
tain John Newland was able to
bring bis ship Into Port MeArthur
harbor where she was beached; la
shallow water. The. majority of
the crew left the ship. - .-
1
PIS1TERMKN "WIN CM)
ASTORIA, Ore., Nov. le-t-(AP)
:TheA.storla high school football
team' today defeated the.' eleven
from Hoquiaia, Wash.; high school
I to t. A blocked punt in the first
quarter was recovered by-Astoria
over u goal Uaa, . v l
H1EWUT
fa fracture of the skull.
John Gerry and George Ha-
ger, who were in the automo
bile -with Scett, are also patients
at the hospiui here, but their in
juries were confined ; to painful
bruises and lacerations
HUBBARD, Nov. 1. (Spe
cial) waiter Scott of Albany
suffered a compound fracture of
tbe skull when an automobile in
which he was riding with John
Gerry and George Hager, also of
Albany, was struck Broadside and
wrecked - completely by a south
bound Pickwtek stage shortly aft
er 1 o'clock this afternoon here.
It was reported that Scott was
at the wheel of the light coupe,
and that he did not stop before
entering the highway at Cleaver's
corner. The party of three was
leaving here to return to Albany.
Gerry and George were badly
bruised, and all three of the oc
cupants of the car were taken to
Woodburn for first aid treatment
and then rushed to the Salem hos
pital.
George Lytel, driver of the mo
tor stage, was cut by broken glass
from the windshield of the big
machine, but the passengers were
unhurt. The stage was carrying
a capacity load ot pssengers. It
was put out of commission, and
It was necessary to send another
machine out from Salem to take
them on to that city.
Waggoner Won't
Respond to Quiz
NEW YORK, Nov. 1. (AP)
Charles D. Waggoner, former Tel-
luride, Colo., banker, refused to
day to-answer any questions when
an attempt was made to take his
deposition in a civil action
brought by six New York banks
to recover $600,000 obtained from
them in a swindle for which Wag
goner was sentenced to It years
in the federal penitentiary at At
lanta.
INSURANCE
'
Twenty Per Cent Reduction Effected in Year
SALEM OWNERS AIDED
Reductions in tire Insurance
rates on Salem property have been
made in the past year amounting
to approximately 20 per cent. It
was stated Satarday by Homer H.
Smith, president of the Oregon
State Fire Insurance Agents asso
ciation, who over a period ot
many -years has been active in ef
forts to bring about these reduc
tions. However, tbe lower rates are
not being , enjoyed by Salem ex
clusively, as they are part of a
general trend fii Oregon and else
where. Salem has been for sev
eral years rated lower , than Its
fire protection Justified "under a
strict . interpretation ot tba board
of underwriters' : rules. : This
came" about because tho under
writers hesitated to make an In
crease when a change la tho meth
od ot rating was adopted several
years ago, and - they have con
tinued because the city Is proceed
ing with Its announced program of
Improving tha fir protection fa
cilities. ;
Corvaiiis Aggregation Gets
More Yardage but Lacks
Power to Score
Johnny Kitzmiller Removetl
From Orange Crew With
Fractured Ankle
By A. E.HARRIS
Associated Press Staff Writer
HAYWARD FIELD. EuFeBV.
Nov. 1 . (AP) Oregon Siatw
college's gridmen faltered- In, th-r
chances to score today in the an
nual state football classic with the
University of Oregon and wke.n
the final gun sounded Oregon hr4
cashed in on fcwn breaks and an
earned drive to take the civil war
16 1o 0.
Coach Joki J. McEwan's green
shirted Webfeet made a field M
In the first quarter, a touchdown
in the second and the last touch
down in the last minute of pky
of the garni to the cheers of 17.
000 fans who attended the annual
Oregon homecoming. This was
Oregon's first win on their liecie
field since 1919 and by the whi
they broke what had become
known as the "Hayward fieJd
Jinx."
Staters Tell Moi
Yardage Than Oregon
It was a gallant band of Ore
gon State beavers that trotted ut
on the field, and although they
were on the short end of the sceio
throughout. Coach Paul Sch's
sler's team actually piled up 139
yards from scrimmage to 84 yarris
for Oregon, Indicating the aggres
sive type of fo'.ball the Orange
men played. .
The Oregon defensive was im
penetrable and in the third quar
ter stopped the Staters after Sher
wood bad run a blocked punt to
Oregon's five yard line. Threw
drives at the line netted not a
yard for the Orangemen, althottaa
Oregon had previously given way
before four successive first downs
in steady drives through Oretwa
territory.
Johnny Kitzmiller
Removed With Injuries
The third quarter was tesrisg
time for Oregon because of tbe
loss of Johnny Kitzmiller, ' tbe
"Flying Dutchman," who on the
first play of the last half sufrerel
a fractured ankle which. It was
officially announced, will keep
him out of the game for the re-
( Concluded on Pjpe 18, Column 3.'
IT
JOURNALISTS MEET
LONDON-. Nov. 1. (AF
United States Ambassador Chailee
G. Dawes tonight said that the
great naval powers of the wofT
will meet here In January fn the
spirit of the, Kellogg pact for re
nunciation of war. He wpb jh?
dressing the annual dinner of tbe
British Institute of Journal);,
only a few hours after he had r-
turned to his London post from a
visit to. America. Disarmament
by evolution was the theme of ttee
address bj General Dawes. "Tb
current negotiations on naval
armament between Great Britain
and the United States hare tbns
far well exemplified the greater
effectiveness and expedition of
thq new method as compared witlr
the oIo7 he said.
"These negotiations have beew
but preliminary and their result
is subject to such modiflcttiess
may result from the necessities ef
other naval powers. ..These pow
ers will from now on give tte
results their full examination ar.d
consideration, not only in prelim
inary informal conferences amng.
themselves but as well with the
United States and Great Britain,"
RATES GUT
Although there Is soma cwm
plalnt oven now that Insurance
rates art too high, tho fact is,
saks Mr. Smith, that tha 'reduc
tion la the last 15 years has
amounted to almost SO por cent,
on the average, while under cer
tain circumstances reductions et
100 per cent or more have bees
made.
Several of Salem's Industrie,
for example, 'are paying less t has.
halt th eamount they did several
years ago. for protection of their
plants, but these are tho indss
tries which have installed sprink
ler systems and provided their
own water supplies la esse of Pre.
Examples are the paper mill as
the sawmill.
Tbe reduction on business prop
erty bas been greater, than tl
general reduction on r residence
property, but rates for the latter
are more favorable than tho b e
reduction would indicate, for t)-
reason that additional charges fi
exposures have been eliminat&
IS
SPEAKS