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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
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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