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About The Oregon statesman. (Salem, Or.) 1916-1980 | View Entire Issue (Nov. 28, 1929)
1 PAGE FOUR tti-OHEGONTATESSIAN, Safest, rrsdaj llornin jr, Noreiaber 281929 v i. " "A'o Fa ror Sirais Lrs; IVo Fear Shall Awe." I From Fifst Statesman, March 28, 1851 . THE STATESMAN PUBLISHING CO. Chabxes A. Sfracue, Sheldon P. Sackett, Publithen vChastxs A. Spzacue ... Editor-Manager t Sheldon F. SACKETT - - Managing-Editor , Member ol the Associated Press The Associated Press is exclusively entitled to the use tor publication of all news dispatches credited to it or not other wise credited in this paper. Pacific Coast Advertising Representatives: Arthur W. Stypes, Ina,PortlAnd, Security BIdg. San Franciscc, Sharon Bidg.; Los Angeles, W. Pae. Bldg. Eastern Advertising Representatives: Ford-Parsons-Stecher, Inc., New York, 271 Madison Are.; : C!-.!eago, 360 N. Michigan Ave. Entered, at the Pos toff ice at Salem, Oregon, a Second-Ctart Matter. Published every morning except Monday. Butinrsn office 215 g. Commercial Street. t ' SUBSCRIPTION RATES Mjl Subscription Rates, in Advance. Within Oregon; Daily and Sunday, 1 Mo. 60 cents; 3 Mo. 81.25 6 Mo. 2.25: 1 year 84.00. Elsewhere SO cents per Mo. or $5.00 for 1 year la advance. By City Carrier: 50 cents a month; 15.69 a year In ad ranee. Per Copy 2 cents. On trains, and Newsstands 5 cents. The End of "Brotherhood" Banking. npHE change in name of the A of Portland to Columbia National Bank marks the end of the first attempt at a nation-wide chain of banks. Thi3 "Vhain. sponsored hv tue Brotherhood of Locomotive Enein eers, backed by the large resources of that organization, stretched from coast to $ ast. Starting; with a bank in Cleve- - land, employing trained bankers to operate it, the chain - grew until it had units: in There was one in Portland, of Washington. One by one the s til the Portland bank was the . title of "Erotherhood." Even "Cooperative from its title months ago. Now it divests it self of its former character local name Columbia ; and : its vice-president, Bert V. to a large position of service to its depositors and borrowers. ; What happened to the Brotherhood chain? For one thing the affiliated investment arm got off in speculation. It launched a big real estate scheme in Florida" got badly .scorched in the collapse of the Florida boom. The investment companies undertook other financing and promotions and :, some of them turned out badly. The. individual banks them selves were kept clean and liquid, and none of them failed. xut with the loss of confidence on the part of the railway men who had been led to invest in the speculative enterprises, . and with the -losses incurred by the affiliated companies, it - became necessary first to levy an assessment on the engin- eers' union, and later to liquidate the bank holdings when ? the holding company ! itself went into receivership. A Cal- ifomia company was formed which took over several of the banks, others were consolidated with local banks. The brotherhood banks were operated on the wrong t theory. First, deposits were attracted under assurance of a hare in the extra profits ; and the dividends to shareholders werejimited. This is wrong because banking profits, are not nearly so large as many people suppose. In this state j. for instance only 62 "of the state banks paid any divi dends at all last year, which was just an average year. The second wrong theory of operation which the bro therhood banks followed was to invest the most of their funds in -bonds and securities. Some of the banks in the chain loaned less than ten per cent of their deposits to local C . customers. Such a loan practice, white it may be sound so far as liquidity is concerned, doesn't help the locality which furnishes the deposits; and sharply reduces the earnings of the banks. For prime bonds eligible for bank purchase pay only around five per cent interest. So how could a bank pay its running expenses, 'pay four per cent interest to sav ings and time depositors and have any profits left? So long -as there was a rising bond market there might be profits from appreciation ; but these are offset by losses in times of declining bond prices. - Other national chains may avoid the errors made by the Brotherhood group; but there is generally the tendency to draw the loanable funds to the big centers and put them .out to the big borrowers there, depriving the country dis tricts of funds which they need. It is fortunate, too, that the individual banks of this chain were directed by trained K bankers like Mr. Chapel; for if they had been in the hands of men speculatively inclined the banks might have gotten into difficulties. At any rate the experiment in nation-wide chain banking "with cooperative beneficience has come to an end. Your Thanksgiving Day fllHE president and the governor have written proclama JL tions. setting aside this as how nearly your day follows this schedule: 7 :30 to 8 :00. Rise, start fire, get Statesman off porch, Tend furnace. 8:15. Route out children for breakfast , 8:30. Waffles and coffee. 9:00. Clean up yard, leaving basement till Sunday. 10:00. Come in house and. read tapers through.. ! 11:00. Find out when dinner will-be ready. J2:00. . Get car out, get ;' down' town. 2 -on . Go home; children . 2:80; 3:00. Shave; dress up for dinner. ; ' , . ; Get family seated at table. .Start carving. Start sweating. Continue eating ' Dinner over: srettincr dusk outside. Phnn a Rtatoa. 4:00. c man. for football scores. Turn on radio. V 1 ' 5 :0Q. Take wife over to friend's house across town. '6:00. Children want something to eat. -7:Ofc G to" show. ; V. ; -" - '.. 10:30. To bed? sleep troubled by full stomach. !And so the great Day of Fasting and Prayer founded by tne puritans is spent an SayitTOfiiBrMljat vfflHERE'S pubUcity; then again therrplfcltyjSrjeak- fi of puDUdfbr,Oregoir.iitia?fec fCir an Instanced Sunday jotomvSe-Jiectian of the Des 'Moihes lUgister llasfSi beautiful picture jxf the mmsot A koines Kegister Xa& beautiful picture M the prow of a .mh.i At.. t,:tt. j a.j . 1.1 . rCrossic the tor-photo shows the & S.6lScfanid of the Standard Oil conpany crossing ter imc;tirayew 'C - Now can yott beat that? A barxithe xnontK of ihrCch - lumbia., Gravevard of the ton." Crediting. California: with Crcter Ik And WasMii. ton with Multnomah Falls is b ononh.rBat inch adver uils Hiing of our own (umbU River entrance, is a gentdne ca 'tastrophe. -ii."1:-- ".i v.- 4-;-, v ? The entrance to the Cohinibia is no Jonger.a "bar for . by increasing the depth at the river's mouth the old bar has . been eliminated Nor is it the "graveyard -of the Pacific, any more than the entrance to the Straits of Juan do Fuca : or to other of the great harbors of the coast :W shall ex- i pect the-Portland papers and the Chamber' of Ccdnmerce to ... Tdo the usual., , . : Brotherhood National Bank many cities over the country. there were three m m the state links fell from the chain, nn last on the coast to retain the it dropped the original word entirely through a change to a under the capable direction of Chapel, it will doubtless grow Thanksgiving Day. But see gas at service station, drive v say mother has been lookingJ tne year oi our Lord, -1329. the CchanbU rirex bar,hct Pa - Iffe JAnA 6t t WtiMnv. "For mm,, ": Sm' BITS for BREAKFAST By It J. HENDRICKS- More about Captain Bennett Co-discoVerer with Jatnes W. Marshall of gold In California, one of the builders of the steam er Canenah, builder and owner of the historic Bennett hense in Salem, martyr in his country's cause in righting Indians near Walla Walla. S Goyernor Joseph Lane, alter proclaming the territorial gov ernment at Oregon City March S. 184, totfad as on bf his first taslrsafhe paaUhment of. the In dian murderers of Dr. Whitman and wife and a number of others. including some of the belated im migrants of 1847, at WaUilatpn. Some of the guilty tribesmen were rounded up, tried at Oregon City, and hanged there by Joe Meek. United States marshal for the territory. S S There were treaties with the In dians, but the tribesmen east of the mountains, as most of the rest regarded their treaties as mere scraps of paper," and they were restive about the incoming wagon trains passing through what they claimed as their country each tall, bringing mora people to take away their lands. Bjr 1855, .all the Indian tribes along the old Oregon trail, and clear to the Pa cific had on their war paint or were in a mood to smear it on. Washington had been made a territory thus being, separated from the territory of Oregon, In 1853, and the Indians, north . of the Columbia were especially. trouDiesome ana murderous in the first few years after that Tie Walla Wallas under. Feupeumox ra ox,, powerful chief and.wetltfcy in herds; with whom there had been more or less friction and trouble from the early settlement of the Oregon country, "Were among the tribes under suspicion, in. league., with, the YaJtim&aL,.&nd other, tribes fa thlt section. Col. J. W. Keamith, Col. T. R. Com- euna and Col. James K. Kelly were sent by Governor George u. Carry f Oregon territory to charge of militia troops to the seat of the -trouble east of - the Cascades tn 1855. The buildings at the Umatilla,, agency had been burned. The Oregon troeoa bnllt s fort there, calling It Fort Hen rietta, after the wife or Major Haller of th regulars; whowwe acting with e mlliUa f .wash- wwiA. u vregos Ternwrjtes. I The main body of the Oregon mO-i itia forces, was established there. Col. James K. Kelly set out from there with 885 men on December VMS 58, tor the vicinity of Walla WmUa. On the way . Peuiunnr-1 mor was met -rith i a few of tie men, bearisg a,wli!r'fJag;' TEey Vere made prisoners' ell-wah ftreacherjr heia' suspected. Alter skTconierenee tn. mUMia-xrcps sader Cot. KenT.ned on "So varda Wana Wallt: ijhe were akH hr thalnd VZtZflS&i ehisxtsin. vhes Tndlan,-,Th:s -ethsr Jndian -were put to- death, thus endings the reerl.-of lha '"Wily chiextaln. wbesevname is-, written large la early Oregon history., Tl2lU.-T.vru continued on TW .cnjb'4aa Jth, and on the ia ine -inaLSM usut neet or it. BnJ 3-the' lth JCeUy Van eia wa vxvgs j Oi( iienneiia. and the-hex day the ftfdlans tied, pur spedby tho: whites Oil jightfaS. -Th aiss correspond with the Isterlnjr on ihe xnarhle shaft var the grave of Capt 8enneU in the Salem Odd", fellows' cemetery, It gives December 7, 18$S as -the date of ls' death," when he Mfell tn defense olbi country at Wat la Walla.' Bancroft's Washinrton history. In telling of the fighting. mere, gives tnisr;"KiiiedjCapt. Charles Bennett of .Cy the same : who srat:- connected rwlth James Marshall, la. the cb . . " v ",v All of These Blessings" of gold In California;" and also second lieutenant J. M. Burrows of Co. H; -Simon 8. Blageman, Co. I. and mortally woundeTr-Hring a few hours, B. B. Kelsay, Henry Crow, Casper Snook, Joseph Stur teant, Jess Hemming, and a number of wounded more or less seriously. The number of Indians killed and wounded was estimat ed at 100. New fortifications were erect ed by CoL Kelly two miles from Waliilatpu. the site of the r. Whitman mission which had been destroyed by the Indians In 1847, and these were called rort Ben nett, in honor of Captain Charles Bennett. All this Is given as fur ther proof that Capt. Bennett was such a man as deserved to have his name perpetuated, as the dis coverer of gold in California, along with that of James W. 'Mar shall. - Col. James K. Kelly, who had charge of the Oregon troops In that campaign, was more thaw an ordinary man. He was a Penns ylvania lawyer; came to Oregon by way of California in 1849. He embarked his fortunes in the fJmpq.ua company, which was not successful; came on to Oregon City; was ode commissioner in 1853, and was a member of the council of the territorial legisla ture four years and preside'nt during two sessions. He was a member of the state constitutional convention in 1857, and ef the state senate in 18W,. a"hd In 187ft he was elected to the United States senate, and in 1878 was appointed chief justice of the su preme court, serving with Judges P." P. Prim and R. P. Boise. t v All this Is mentioned because of the fact thaUCol. Kelly must have approved of the sentence of death on Pupeumoxmox and the Indians with him who came un der white flag. Also, it was said that one ol the militiamen cut a piece out f the-scalp of the old chief, for a memento; and this was followed- by His companions, till there , was none of the . joala left, nor! any of his fingers nor much It any of his skin, accord Ins to some reports. Though theS acta of What is the Urht of fine-present wera seeming barbar ic ones way box nave seen Known to Cot Kelly andVthe Incident may haye "been exaggerated." The attitude of iua .white settlers, who had., suffered aamaeh from kha lf! 4ih atrocities -of the- Indians, however. n the average, would, have cos dosed the .acts of the militiamen, even though aU the rumors, (and mnxeT, were jtrne. -r- - 4 ' - . -; V . . htcldents concerning Peupeomoz mox.,.;1Dr. - Marens: an4s Narslssa Whitman had to deal with hn. His 7 attitude .concerniag . theft massacra was a .disputed .ones Monr. - ) .' ii'lasoaiee tMtwjrtr well Pen petrmoxaox. - otherwise, aUed "Tellow Serpent'. This-old ehief brought Ws boy to be - tanght at the old mission lr nailer below 5alea. Thls was loot before there wajTlairJJalenL, The hoy was re Earned EUjah (Heddlng), after bis COttVersioB in hmtor nt Him tatethodfet bishop who was ena- of the chlf firpnpri4r of the. causa or the . CTegon- misswnt rjBnjah ventto CiUtofhia jriXh mncth r lndlaa.tnctodig .ts father; to-tUU-utter.-Thern. tho- Doy, ,auav war kined bym law iass,.ioklesa white man, After, a trcmped npsruarreI-ordlng td rt porta the Chrls.Uan tonth wag shot whOe oniia knear ln prayer, The- father. 'jtnrsed this reat Srierance, and la the closing months W41 4 2 was reported to be preparing lor a war of exter mlnaUon of all tha white settlei meats. - . , , (But there is not room for this here. The story will have to go over till tomorrow.) Old Oregon's Yesterday Town Talks from The States man Onr Fathers Read Nov. 28, 1004 Rev. Stephen S. Wise, Portland, Jewish Rabbi. W. C. Elliott, Jr.. and Richard Mfhtaue, all of Portland, were business visitors In the city. L A. Manning, A. A. Lee and L. R. Stinson wer eprincipal speakers at a ronsing meeting of the Young Men's Republican club held in the city hall. The club express ed determination to elect their ci ty ticket The sacred opera "Belahazzar" will be given at the opera house tonight and tomorrow night. Miss Ethel M. Lytle of 'Portland is tak ing the part of the queen. "If there is one thing more than another of which I am proud of Salem, my home city, it is that It Is going to build paved streets,'! said Hon. Jefferson Myers, pre sident of the Lewis and Clark fair Commission, during his over-Sunday visit in the city. Myers ex pects to return to Salem to reside as soon as the business of the ex position is disposed of. They Say... ExpreeVus of Opinion from Statesman Renders are Welcomed for Use in this column. AU Letters Most ' Bear Writer's Name, Though ThM Need N be . Printed. Dallas, Ore., Nov. 25, 1928, Editor Statesman: My attention has beea called to an article In your Sunday teane, in which someone signing himself "Marion County Pioneer." Jumps onto Fred Lockley and myself for certain alleged mistatements made by him or I. ' I would rather your correspondent had not hid behind an assumed name, as it is much easier to answer, an allegation, when yon are aware of the alliga tor. I am set a pioneer, as I came into this world later than the as signed time' to participate in the honor 18sa. I ameorry to say that ,rt late -years It has- become the habit io cTeditalaoat anyone with that title, even if they kar rlved: in the serentieav ; , , . While. Fred Lockley Tn one of the -most trnlfaht writers on the Orea-oauJonraai. force, lwUl ac knowledge that' he is a!llttle too swift in his Interviewing tor la old msdjike' ae,ad WU1 acknowl edge thataoma-arrors crept Into his "OhsrvatIon.':"Whether they be mine-or ia lkaow ot, but have not deemed' them of suffi cient Importance -to mention them to aim. Retarding Qniacy Grnbbe. t Intended to say that ee was i candidate for-, cosnty clerk on the democratic, tktet with ap? hope of -election. . Tnero was an old two story amuoinar on us corner of Court and Liberty, two stories ntete mm. Inr clear up to the sidewalk onh aca street, aacav ot ft on Court street was tar cow shed, and we kepf a cow. My tather ran the first hospital Salem ever had there ad I can aire your writer the J names t many of those there tor eataent.x. upecUIy- remember raadma Batt,' qutte - an aged tweata.-who famished her own bed. and It was some bed. It was high np, . and she cued a step lad der to ft Into it- But when safely there uwitfci th curtains drawn tightly aroand the bed. and her self immersed In a ' feather bed that almost. hid her from view. I Imagine that she slept the sleep of the just. This building was torn flown about 1870, and Jred Stei ger occupied - ih' site for : many years with his tombstone factory. I aimed to make the statement that Bmir Forward was elected sheriff of Marion county as a dem ocrat, which he was. There was a split in tha republican ranks that year, 1882. and Blair was elected, and Dr. Kinney only missed going to the state senate by one rote, in fact for a day or two we were certain ho was elected- Jndge Pi per was running tor a second term as district attorney, and was de feated by Billy Holmes. George Belt was elected district attorney la a snhseqnent election. . Whitney Boise can vouch for the truth of the so-called mythical yarn, and will probably also teU yoiTthat he ftTe Prof. Powell sev eral strong arm punches In' the region held sacred by ns all tor the depositing of the good things Ot this life. Thanks tor the opportunity to renew acquaintance with the old paper where I labored so many days, D. P. F1SKE. 1 OTHER EDITORS T o o THE SIIUTIX MARKET Mark SulUvan In his Sunday letter had an Item onr Iowa read ers can well afford to read sev eral times: "A new development, as it emerged In the present tariff re vision,' was Illustrated by Henry Ford's tractors. It was brought to the attention of the senate and the senate seemed much sur prised that Mr. Ford was mak ing his tractors near Belfast, Ire land, and. shipping them back to the United States for sale. Sena tor 2 DaridT Reed of Pennsylvania tfojE -ls9Krering, notice of Vhe new development and undertook to check it by some sort of action having, to,do "with patent end Lcopyrtght Taws." v substantially every big organ izedmanufacturing business in the United States has 1 plants in Canada and ttt Ehrope,Nnom!nalIy to supply" the foreign trade. Bnt now we are getting our "shutln" home market high enough so they can pay the tariff and sell their foreign made goods here at home to better advantage than their goods made in the home factories What will bring this whole the ory of a shutin high priced home market to its final test will be to put the farm on the same level of prices with the factory and then see whether there is any ad vantage In counting wages and selling prices In one hundred dol lars rather than In ten dollars, so long as everybody is on the hun dred dollar basis The only reason why to this time the high priced homo market has. been so popular is because the factories have had it while the .farm was selling food on the world market level. It is a safe prediction lhat the moment the farm is given the home market price level some of our biggest Industries will be for an open market. The automobile iadustry Is said to favor an open market even now. Des Moines Register. A GRIM REALIST Nothing evangelical about Cle menceau, nothing international. He believed in no future life, only this one. He cared for no other country only his own. He feared neither God nor Devil, for ho donbted both. Atheist, material ist. Supreme Realist, thorough, going cynic, nevertheless he, Uke many good patriots before him, truly lived and died for his country. How foolish to make him out, now that he is dead, what he nev er was, and scorned to be, when he was living. Far better to ap preciate him for what ho was no plaster saint, no evangel of I wgfe I 'y - - V''' 6 - ' y M -It? I --fcaxiilf aniTsendsT cocs-si tad prctjct xocr 1 1 A. K. BUSH, President 1 P. ALD83CH, Beeretar Britain's New Envoy to United States ' ' v : K . v. it X -. - i v I i: J Appointment of Sir Ronald Lind say as British Ambassador to the United States was announced in London yesterday. Sir Ronald, was formerly Ambassador to Turkey and Germany and has served as under Secretary of State in the Foreign Office. International Newind good will, but the Old Tiger, still standing erect, head up, feet on the ground the symbol in death, as he was the living ex pression In life, of the two-fisted fighter. Indomitable and unafraid, deyoted solely to the defense, and destined to be the saviour of the only thing he loved, his coun try. Medford Mail-Tribune.' ATHLETICS OR EDUCATION? Barring of star athletes on the eve of a big game with Siwash has long been the plot for many a college novel and short story In the pulp-wood magazines. This week the Oregon -faculty took the buU by the horns and voted to prevent a trip of Webtoot toot ball aces from making the extend ed trip to Florida because they were under a cloud, scholastically speaking. They were cognizant ot the penalty for non-application to studies, having been Informed by a letter from the faculty last May. The time has been reached In many a college's existence when the president has had to decide whether he wants to cut down the strength of the school's football team or prostitute the scholastic standards ot the institution. Win he allow the ooach to Inform the faeulty that his football star or that one "is going to pass whether he does the work , or not"T Or will he take the whip in hand and declare that athlete or no athlete, a man Is not to be "babied" along and have his flunks changed into Ill's? Perhaps, as one practical stu dent declared, the best way out ot the football snarl In which col leges have become entangled would be to hire outright a foot ball team. much. in the manner that the Pacific Coast leagnehase-l nan towns step out and buy them selves players. Sine football had drifted far from its original purpose ot creat ing" sportsmanship and Is now mainly a money-making and publicity-getting Idea for the univer. sitles, such a procedure might he - . - .... .. . . . . . mi r'oafcawaidi have mach to bo thotSfi te A care executor and trustee mxfc yoor wiB to man3 l-:stes1tMn!m itsdJsnent and to .j-'r WM, 8. IAS. XL creditable Certainly both the col leg presidents and the football coaches would welcome put-and-out professionalism of the colle giate sport in one way it would end the old question of which of the two men is to wield the "big stick." After all, Isn't football a bit exaggerated? Aren't the sup porters of the grid sport too con vinced that colleges cannot be run without it; that-in-order to be a great institution, a college must have a championship team? Be cause football has developed into a big business, and helps pay the university's bills, there are those who place It above the age-old function of a university to edu cate. Football as an attraction to bring some students to -ft school cannot be denied; it Is not. That is one of the biggest reasons for its swollen Importance todar. But when football gains the as cendancy and tries to make edu cation a subsidiary reason for college, then is the time for it to be put in its place, for a reckon ing to be held at which the foot ball coach and educational beads of the school will decide which is to be the ruling hand Univer sity of Oregon Emerald. "WOODKX BRIDGES' Built of-Douglas fir, the old Coburg bridge.spanning the Mr Kenzle and just now closed, with stood for 51 years the pounding of horses' hoofs, the shaking of heavy wagons, the later weight of trucks and automobiles, the as saults of storm and flood and tbe fbxages of time. It Is a pretty good record for a wooden bridge. Let's see how much better tbe new concrete bridge is going to prove.- Eugene Register. IM-TEACH-IVa THE GOVERNOR The Medford Tribune says that Governor Isaac L. Patterson has made a successful goyernor and therefore should be "impeached." If the editor of the Tribune had happened along the roadside near Eola where the governor's peach ranch Is located, during peach sea son, he would have seen the gov ernor thoroughly "im-peach-ed." Klamath Falls Herald. CRASH INJURES NINE VANCOUVER, Wash., Nov. 27. (AP) Nine men were injured, none seriously, today when a Se attle to Portland bound stage left the Pacific highways 12 miles north of here and rolled down a 15 foot embankment, landing one right IT ilKMlXtTCSa - - ---- y WALT; VPresUeBt ALESaTTrost OfSocc r 1 ' a. " - .- ' - -'..'- -w. - .r . - raj m Y ?o a-" - a- - , - . .-..- "- - ' -i saaSBaSBSasassssnsBsaa