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About The Oregon statesman. (Salem, Or.) 1916-1980 | View Entire Issue (April 1, 1930)
r TFN The OREGON STATESMAN, Salem, Oregon, Tuesday Morning, April 1, 1930 111 5200,11 FUNDS SOUGHT Deficiency Appropriations to Be Asked at Emergency Board Meeting Deficiency appropriations ag gregating in excess of $192,600, will be sought by various state departments and institutions when the state emergency board meets . in special session here April 4. This was announced fcere Saturday by Hal E. Hoss, secretary of state. The largest of these proposed appropriations is $53,000 for the erection of a new cell block at the Oregon state penitentiary. The coat of this improvement was estimated at $88,000. Approxi mately $35,000 is now available for construction of . the cell block. Pmitentlary Declared Overcrowded at Present Officials' said that the present prison buildings are crowded to capacity; and that more than 100 prisoners are housed outside of the. penitentiary walls. Of these prisoners, CO are at the prison annex five miles east of Salem, while 40 others are housed on the second floor of the penitentiary garage. The attorney general, in a recent opinion requested by the state board of control, held that the emergency board had author ity to approve the deficiency ap propriation. The state treasurer will seek an appropriation of $29,073.82 for the payment of interest on state bonds Issued on behalf of irriga -tlon districts, pursuant to guar antee contracts. Secretary of State To Seek Large Sam Deficiency appropriations ag gregating $83,000 will be sought by the secretary of state. Of this amount $35,000 is needed for the Maintenance of the new state of fice building which is nearing completion here. At the time the 1927 legislature authorized funds "for the construction of the build fag no provision was made for maintenance. Approximately 120. 00 of this money will be required for salaries and wages of janitors and other employes. General maintenance has been estimated at $14,000 and capital outlay $1000. The secretary of state also will ask for a deficiency appropriation of $3000 for payment of salaries f district attorneys and $45,000 for payment of salaries and ex penses of circuit Judges. The lat fer appropriation was made neces sary by action of the 1929 legis lature which created a new cir cuit judgeship and increased the salaries of the existing circuit Judges $85,000 a year. It was argued at the time the salaries of the circuit Judges were in creased that additional fees would take care of the deficiency. Fig ares prepared by the secretary of state today indicated that the in creased court fees will raise only 140,000 during the biennium, or less than half enough to pay the additional salaries. Higher Education Board Wants Two More Agents A deficiency appropriation of $14,000 will be requested by the state board of higher education which was created by the 1929 legislature. This board has con trol of the University of Oregon, state college and the three state normal schools. The deficiency appropriation, if authorized, will be used for the employment of two market specialists, traveling expenses, clerical assistance and operating equipment. An appropriation of $11,000 will be sought by the agricultural college experiment station for co operative investigations. These Include a ground water survey in "Wasco and Harney counties, in vestigations by entomology field men of the cherry fruit fly in westtn Oregon, weevil infesta tion of filberts and other food products, and strawberry and Iris pest. The secretary of state said that other proposed deficiency appro- ENORMOUS WHALE SHOWN IN. SALEM i " u ' r f y. Ill HHS IP "T" x 1 ' ; .-'- f ' UIID DEPHT H:tj--five ton Saa Cleomite whale shown alongside- dork at Long Beach, California, soon a:.: . rap ture. This whale and an 18 foot three ton baby whale win be exhibited In m specially constructed glass enclosed circus car at the Oregon Electric Freight depot, Chemekrta and Front streets for S days start ing Wednesday. TIM FOB RETURNS UN The time for filing returns un der the excise tax law enacted by the 1929 legislature expired last night. Members of the state tax commission estimated that the tax would raise between $450,000 and $700,000, but it is not prob able that the exact amount will be determined for several days. A large number of substantial checks were received today, and a heavier mall was expected to morrow. Approximately $155, 750 of excise taxes had been turn ed over to -the state treasurer last night. Money received from both the excise and intangibles tax laws is placed in the general fund of the state for the reduction of the property tax. Total receipts from the intangibles tax probably will exceed $1,500,000. IH Ml HAS HI YEAR Hi Rain the year around Is the only natural advantage New Zea land has to account for Us out standing success in building up a dairying industry, and Oregon folk need never apologize for the rain which falls profusely here a few months of the year, members of the Salem chamber of com merce were told by Marshall Da na at Monday's luncheon. On the other hand. New Zea land has faced the handicap of in ferior soil ' which necessitates ex tensive use of fertilizer and rota tion of grazing, the speaker said. Through cooperative marketing in which 85 per cent of the dairy men participate. New Zealand is able to dispose of its butter 12,- 000 miles away in England, where it faces no serious compe tition except from Denmark. I Compulsory grading, through which all butter produced passes th e93 per cent requirement, is another important factor, he said. Oregon, with its natural advan tages proven by the production of several world record cows, and its closer markets, can dd much better than New Zealand if It will follow the same methods, Mr. Dana declared. In passing, he paid tribute to the weekly bulletin of the Salem chamber of commerce as an au thoritative source of Information about Oregon and as advertising for the Wislamette valley, and praised Salem for its success in shaking loose from dependence on the state government and estab lishing paying industries. CARD OF THANKS We wish to thank the many dear friends, relatives, and the Elks for their kind assistance and for the flowers sent him dur ing his illness and death. Mrs. Harry Ralph, Helen Ralph. priations, which have not yet been received by his department. probably would swell the total to more than $200,000. This is dou ble the amount that was esti mated at the time the original call for the emergency board was authorized three weeks ago. The votes of all (ire members of the emergency board will be required to authorize any defi ciency appropriation. The board originally was composed of seven members, but during the past year two of these dropped out. These included A. W. Rushlight, of Portland, who died, and A. W. Norblad, who succeeded the late Governor Patterson. Mr. Rush light was chairman of the house ways and means committee dur ing the 1929 legislature, while Norblad was president of the state senate. NO. 59 Pynoptii of the Annual Statement of too U. 8. Branch, Sob Insurance Office, Ldt., of London. England, in the King dom of Great Britain a Ireland, on the thirty-first day of December. 1929, made to the Inturaneo Commiiiioner of the State of Oregon, pnrinant to law: CAPITAL Btatntory Deposit. $400,000.00. INCOME Net premiums receWed daring the year. $4,568,923.37. Interest, dJTidende and rente receired during the year, $313,261.61. Income torn other source received dur ing the year, $688,620.61. Total income. $5,570,803.59. DISBURSEMENTS Net losses paid during the year In cluding adjustment expenses, $1,960,518.- 70. Dividends paid ea capital stock dar ing the year, Commissions and salaries paid daring the year, $1,407,959.91. Taxes, licenses and fees paid daring the year, $228,949 80. Amount of all other expenditures', $2, 445.472.02. Total expenditures, $6,040,894.30. ASSETS Value of real estate owned (market value), . Value of stocks and bonds owned (market value). $6,352,898.64. Loans ea mortgages and collateral, etc.. . Cash in hanks and oa hand, $510,224. 23. Premiums in course of eollectloa writ ten since September $0. 1929, $894- 968.82. Interest aad rente due and accrued. $69,873.42. All other assets, $68,806.03. Total admitted assets, $7,786,771.14. LIABILITIES Net claims for losses unpaid, $641, 692.00. Amount of unearned premiums en all outstanding risks, 94,610,612.42. Due for commission and brokerage, $85,000.00. All other liabilities. $295,000.00. Reinsurance recoverable en paid lessee due from Cos. not authorized la K; T. State. $17,580.15. Total liabilities, axejoaive of depot it capital $400,000.00, $5,605,884.57. BUSINESS IN OREGON FOR THE TEAR Ket premiums received daring the year. $41,957.68. Losses paid daring the year, $26.60$. 06. Losses incurred daring the year, $27, 039.30. Name of Company U. S. Branca Enn Insurance Office, Ltd. Kama of U. 8. Attorney O. Tregaskia. Name of Secretaries Elliott Middle ton A F. H. Sherman. Statutory resident attorney for ser vice Insurance Commissioner. This is of iAILE IPDMKSHl Graduation will soon be here and then you will need gifts Why wait BUY NOW AND SAVE Here Are Some Ideal Gifts All Set Rings, both Men's and Women's so at 1 Price. raff W Watches (nationally advertised msfee) are being - a j rv-as3w L We are offering radical discounts on all Dialnoncls. We still have quite a stock of Sflrer. This goes at a 40 discount. ' ' Some of It Is Wallace and some lnlOT.aHor.al. ;, II. S. TWER. 444 State St Salem U COMMON STOCK IS JNCREASED AKRON, Ohio, March 31. (AP) Increase of common stock of the Goodyear Tire and Rubber Co., from 1,450,000 shares to 6, 000,000 shares was approved at a stockholders' meeting today and eight new members elected on the board of 17 directors. There was no official announcement on the reported plans to acquire the United States .Rubber Co., and the Seiberling Rubber Co., but it was learned from authoritative sources that no merger is contemplated now. The election ofe ight new mem bers was seen as the Influence of Cyrus A. Eaton, Cleveland finan cier, who with Otis tc Co., obtain ed a controlling interest In Good year several months ago. Grade Crossings Doomed CHICAGO (AP) Plajts are under way to spend $37,248,000 eliminating grade crossings with in a radius of 30 miles of Chica go during the next two years. The state, Cook county, and the rail roads will share the expense. Oak trees are to serve as mem orials to Texas soldiers who help ed defeat Santa Anna at San Ja cinto. The state land department turned over to the state treasur er during the month of March a total of $129,171.09, according to a report prepared here Monday by George G. Brown, clerk of the state land office. Items Included in the cash turn-overg follow: Common school fund principal, payments on loans, $82,153.50; common school fund principal, income sources, $3,224.08; com mon school fund interest $29,-879.-10; common school fund in terest, abstract deposits, $288; agricultural college fund prlncl- NO. 8 Synopsis of Annual Statement of the Michigan Fire and Marine Insurance Company of Detroit, in the State of Michigan, on the thirty-first day of De cember, 1929, made to the Insurance Commissioner of the State of Oregon, pursuant to law: CAPITAL Amount of capital stock paid np, II.- 000,000.00. INCOME Ket premiums received during the year, $1,351,321.01. Interest, dividends and rents receiv ed dnring the year, $124,968.04. Income from other sonrcee received daring the year, $300,226.30. Total Income. $1,776,515.05. DISBURSEMENTS Ket losses paid daring the year in cluding adjustment expenses, $641,645. 17. Dividends paid oa capital stock daring the year, $20,000.00. Commissions and salaries paid dnring the year. $449,114.93. Taxes, licenses and fees psid dnring the year, $59,756.1. Amonnt of all other expenditnret, $97,-$13.61. Total expenditures, $1,267,929.70. ASSETS Valne of real estate owned (market value ), None. value of stocks and bonds owned (market valne), 12,476,224.00. Loans- on mortgages and collateral, ate. $650,885.25. Cash in banks and on hand, $543,555.-60. Premiums in course of collection writ ten since September $0, 1929, $256,869.-88. Interest and rents due and accrued. $44,893.95. Total admitted assets, 8, 970, 628. 88. LIABILITIES Gross claims for losses unpaid, $164,- 940.50. Amount of unearned premiums on all outstanding risks, $1,571,752.21. Dae for commission and brokerage. $8,0OO.00. All other liabilities, 9lU3.05U.oo. Total liabilities, exclusive of capital Stock of $1,000,000.00, $1,848,351.76. BUSINE88 IN OKKUU-N FOR THE TEAR Net premiums received during the year, $11,683.25. Lasses paid oaring tne year, eo.vza.- 90. Losses incurred daring the year, $5,- 920.80. Name of Company Michigan Fire a Marine Ins. Co. Name of President George G. Bulkier. Name of Secretary H. E. ETerett Statutory resident attorney for ser vice Insurance Commissioner. pal, payments on loans, $9,7S0; agricultural college fund princi est $727.71; university fund prin cipal, payment on loans, $300. University fund Interest $493. 60, rural credits loan fund prin cipal $982.64, rural credits re serve fund Interest $54 2. CI, A. R. Burbank trust fund Interest $190.50, J. T. Appersoat fund principal. Income sources $232. 37. and J. T. Apperson lundrin cipal, interest. $7.08. - AUTO SPEED TEST IS GN mm OCEAN SPEEDWAY, Daytona Beach, Fla., March 31. (AP) Motor trouble and a rough beach combined today to thwart the at- tain was 18S miles tempt of Kaye Don, veteran Brit ish race ear driver, to shatter th world's automobile speed record of 231 miles an hour over the ocean speedway here. Despite advice from officials that the course was not In condl tion for a re ?rd-breaklng at tempt, Don set his giant 24-eylin-der Silver Bullet racer roaring over the beach six times, but the highest speed he was able to at nr. 1 OUR has been chosen by Miss Elizabeth Reger to be used Exclusively for demonstrations at the OREGON STATESMAN-GAS Cooking School April 2-3-4-1930 L The Cookimig conducted Elizabeth Reger and at the Matmees by Victoria Warner Capitol TLeatre April 2nd, 3rd & 4th Starting 9:30 a. m. Sharp clearly establish the need for modern gas appliances in the homes of discerning women Note the splendid efficiency of the Smoothtop and Tappan Gas Ranges. Look for the cooking results from the ovens of these modern Gas ranges which furnish exactly the proper cooking heat, automatically controlled. Their splendid beauty and color finish will en able you to have complete color harmony in your kitchen. Don't fail to see all the models at our display room. 136 So. High St. Phone 373