i
PAGE FOUR
The OREGON STATESMAN, Salem, Oregon, Friday MonOng, Febrtutrr Kg
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"No Favor Sways Us;
From First Statesman,
THE STATESMAN
Charles A. SrsAcur, Sheldon P. Sacxxtt, Publitker
Charles A. Spracve
Sheldon F. Sackett
Member of the
Th Associate! Press is fcrislvly
Woa of all mw dispatches credited
thia paper.
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Eastern Advertising Representatives:
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Entered at the Postoffice at
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office, tl5 S.. Commercial Street, j I
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By City Carrier: 50 cents; a month; IJ.50 a year iir advance. Tert
Copy 1 cents. Ou trains and : News Stands 6 cents.
The Hydro-Electric Commission Bill
THE second of. the canonical power bills is senate bill 62,
introduced by Sam BWn of this county as drafted by
CoL A. E. Clark at the request of Gov. Meier. In its vital
provisions it conforms closely to existing state and federal
jower Laws, thus verifying the position taken by The States
man in the late campaign that the public interest was well
conserved under existing. legislation with no need lor pout
ieal hysteria over imagined dantrers. I
This bill, however, as
lenges the authority of the federal power act, wnicn seems
to make the bill a futile gesture. The law of congress is the
supreme law of the land; and no Oregon enactment is going
to take precedence. The net result will be to paralyze future
development for a considerable term of years until either
congress or the state recedes from its claim to authority.
When Secretary Wilbur suggested handing control of water
back to the states there arose a great cry that the utilities
would gobble quick control But this new bill, without wait
ing'for congress to act, asserts powers which it is doubtful
the state posessesj
Comparing the old law with the Clark bill, it is found
that the length of tenure, 50 years, is the same ; the re
quirements for investigating and starting construction prac
tically the same a maximum of seven years. Both the
present law and the new bill carry right of recapture to the
state or a municipality, the former at the end of the license
period, and the latter at any time.; Both permit condemna
tion at any time.
' The terms of recapture are quite similar: fair value
plus severance damages,- but. the new bill would add the
words "not exceeding net investment" after "fair value."
The annual fees to licensees are greatly increased. This
is an advantage to state revenues but a loss to consumers
of electricity who will have to pay the increase.
The essential difference of the new bill is that it calls
for strict accounting as to: investment, provides for amorti
zation of the investment, and controls security issues against
the project. These gains are more apparent than real. The
federal power commission already has very strict rules re
garding accounting, amortization and restriction of invest
ment credits. The bill as drawn by Clark calls for amortiza
tion of the investment out of surplus earnings "in excess
of a reasonable rate of return." But how under our system
of strict regulation of earnings will there be any consider
able surplus of earnings?
The federal power act makes requirements for determ
ining the net earnings of a plant even if it is part of a
large system; the Clark bill does not. How then can the
state find out what the earnings would be of particular
plants in a system like Pepco or California-Oregon Power
company? f,
The apparent ctTntfoi of securities issuance impresses
us as largely persiflage- in iew of. the confession of Col.
Clark in the hearing on the Lawrence bill of the difficulty
of 'exercising genuine control over companies not domiciled
in Oregon, whose capital secured from security sales may
be scattered over many states. The same objections would
apply to control of financing, of individual plants, and the
result would be that the commission would have to give vir
tually pref unctory approval of whatever securities the cor
poration issued.
The Clark. bill considered in and of itself represents
some gain over the present law, though slight, because the
people's interest was already well safeguarded. Considered
with the federal power act it is a useless challenge of
authority which threatens to make the Oregon act abortive.
In our judgment the good attempted by the Clark bill
could be better secured byjtwo moves:
First, amend the present law to give state or munici
pality recapture privilege "at any time" at fair value "not
exceeding net investment" plus severance damages.
Second, recognize the Recounting and amortization sys
tems covering investment and earnings of the federal power
commission, and legalize them for purposes of rate-making
and recapture.
This latter provision would avoid the conflict, make for
great economy both to the state and to the utility, and per
mit rather than paralyze development. Meantime Oregon inj
company with other states could ask the federal govern-1
ment to give the states with' proper control laws jurisdic
tion over their own water power. ;
High Cost of Dying.
NO, this is not a comment on the cost of a first-class
burial in these times. It is a reference to the burden
which the recent outburst of self -caused funerals has thrown
upon insurance companies..! In the annual report of one of
the great insurance comnanies we note thi mmmmt rovl
ering its 1930 business: 1 1 j !
"When we turn to the. record ot the mortality experience, now- .
ever, we find a material reflection ot 'bad -times in a verjr high
rate of claim for both suicides and casualties. The claims from.
uese iwo items aione amounted to no less than V 3.219,009, or 20
l ot the total claims paid a .most unusual amount even If a sonre-
what natural consequence ot the financial conditions of the year'
Financial depression has its reaction on the minds lof
?men and those who buckle under the-strain bump them
selves off. This was particularly true among the. speculators
on a large scale who usually carry heavy life insurance pol
icies. When they saw their pyramid of profits transformed
to a mountain of liabilities they Kdthe fade-out themselves
via the suicide route leaving the insurance companies to
pay heavy death losses. ;
It is of course a sad. commentary on the morals of those
who legally rob from-the insurance companies. It carries its
own moral as to the tragedy of failure under the tense com-
xnercialism of modern life, i i
Representative Mott and Anderson are proposing a constitu
tional amendment to guarantee everyone a Job. IJke -Ifott's bill to
abolish state property taxes. It stops too quick. .The amendment
should provide that no one would- have to work.' It we are to lexis
late heaven to earth, let's do it all at oiree. , ,
, j " j
Ralph Hamilton complains because people and rrasixaUons
end in two seta of resolutions ths legislature, one calling to
tax redactions and the other for more gevernment xece. Te. the
poor legislature gets the cusstag tor failartt I sosra'thls laulab!e
proDiem in numeuc. - ; -
: . The 8eattle Jory eoncloded Rath Oarrtss tri t f to he
at large. A murdereas and ' hushaa4-ehhr Tm . yrfHNaMy la Mfc o
he at Urge after it years la the pealtwattary. Her &nee ot hsiss'a
tt uuw pr.iy weii rrmpea.r
Fear SuiW Awre"
March 38, 1851
PUBLISHING CO.
- Editor-Manager
Managing Editor
Associated
Press j
titled t th ub for pubYIra-
to
or not ouaerwu credited 13
Representatives :
Portland. Security Bids.
Salem. Ore a on. a Second-Clot
friends and foes agree, chaM
N6
HEALTH
Today's Talk 1
iBylLS. Copelantl, It D.
. Diphtheria la a highly contag
ious disease, most prevalent
among children. It la a prevent-
- able disease.
It la a shame
: to have It in
cluded among
the dangers ot
childhood.
There has
bee a great
reduction lb
the number of
deaths caused
by diphtheria.
It Is the hope
rand aim of all
public health
officials to er
adicate this
dangerous all
This can be ac
DQCDPCLAJS
ment entirely.
complished only when there Is
complete cooperation ot the pub
lic.: j
This disease is raiiKfvrl ftv'th
dlDhtberia eerm which finds its
way to the Hose or throat. Thera
it multiplies in number. Its pres
ence is stiown by a greyish mem
brane which I mar interfere with
breathing. ; j -'; . f. r
Kistting Transfers Germs
The germs produce a toxin, a
powerful poison. This Is quickly
absorbed Into the blood stream,
causing general nolsonlnr of the
system. ' - j
The germs of dlnhtherla tnav
be transferred from one person
to anotlrer by kissing. They may
De carried in the spray produ
ced by coughing, sneezing and
talking. Drinking cups or other
utensils used by an Infected per
son serve as a common means of!
transmission.
The possibility of contamina
tion by the germs of this disease
is particularly great in crowded
and congested communities.
Moreover there are persons who'
carry these germs without know
ing they have them. Sueh per
sons are spoken of as "carriers.
How ean we combat this dls-j
ease? Fortunatelv. we hv at
our disposal the. knowledge of
diphtheria "anti-toxin." This Is
widely used. In the treatment and
cure, .
Diphtheria ! may be prevented
by the use of the "toxin-anti-tox-In"
Injections. When this treat
ment is given, it enables chil
dren to go through life without
contracting the disease, even
though exposed to it.
Test for roeaible Victims
By means of the "Schick test"
we can determine whether a per
son, if exposed to diphtheria, will
contract the disease. The proce
dure is simple and may be ap
plied by any physician or by the
local health bureau.
I If all our people would coop
erate by having their, children in
oculated against diphtheria, this
disease would, soon disappear.
We rarely hear of cases of
smallpox. It Is, indeed, a rarity.
Nowadays most students go
through medical school without
everseeiffS a case of smallpox. At
one time this was an exceedingly
common disease and caused many
deaths. Since the rigid insistence
upon vaccination against small
pox, this disease has become ex
tremely rare.
Diphtheria is another disease
which will disappear when we all
help.
Yesterdays
... Of Old Oregon
Town Talks from The States
man Oar Fathers Read
February , 190
Chico, Calif. An attempt was
made here today to arrest Fred
Collins, said to have escaped
from, the Oregon penitentiary.
Collins was on horseback when
the demand tor surrender was
made, and lashed his horse to a
gallop. Officers, following in a
buggy, were unable to capture
hfm. Collins and Edmund Louis
Ignot escaped from .the prison
road gang on June- , 1$05. Lou
isignot was captured at the Lew
is apd Clark fair after a desper
ate struggle.
The Young Men's republican
club is gettinr readv for Lha Lin
coln banquet, which promises to
oe one 01 the biggest events here
in; years.
Silverton is preparing for the
Farmers and Shippers con
gress, to be held there the mid
dle of the month for two days.
John L. Rand of Baker City
filed i. petition for congressman
from the second district.
The Safety
Valve - -
t
Letters from
Statesman Readers l
Wuou-ien of the World,
head camp protest committee, will
hold a convention in the Port
land council chamber. tiaii. n.
February J atS a. m. Important
business nertalninsr to uuttnu
and so-called legal reserve mem-
wera win do taxen up.
The committea baa iiwMui A
call, this convention In order that
we all might get together and
agree on some concrete plan that
would 1 be beneficial in 'S. am
members who have been forced
out: ana to the so-called legal re
serve members who have been In
veigled Into taking out these new
policies that give them the right
to raise the rates practically when
ever they feel like it-
Now that rfe hMd anin ) no
dded to include women and child
ren, too on assessment members'
should renala In the fight to pre
vent the head camp officers from
SAteatatJcany robbing them ot everything-
they put Into the orgaa
Uattoa. That ls what they did to
so ntlet them do it to jur
children. r
! : DANKELLAHER, f !
-Chairman ot protest committee.
; 1 A . h . '" - ' : Ij ;
-VvtA-.::: - r
"Murder at
The murder ot Baroness von
Wlese at Eagle'a Nest stirred the
town of Kiugeliffe. Walter Vance;
assistant .chief of poUce is in
charge of the Investigation aided
by his fiancee. BIm" Martin,
young newspaper reporter. A
note, written br the Baroness, Is
found near the body. Bim re
calls seeing the Baroness slip the
butler a piece of paper, which he
denies. Suspicion la cast on Mary
Frost, whose husband, Ted had
flirted with the Baroness. Mary's
ahawl is found wrapped around
the body.' Mary claims she was
unable to locate the shawl and
left with Ted. It develops she re
turned, late for the shawl. Com
plications arise when it Is learned
that Laura Allan had borrowed
the shawL Emily Hardy's maid
heard the Baroness quarrel with
her maid. Bim wonders about the
wounds on the head and arm of
the Baroness' maid. The jewels of
the Baroness have been stolen.
Laura slys she saw Mary enter
ing the garden wearing her shawL
Bim finds a stone front a man's
ring on the Summer house path.
Bim learnt from the gardener
that Bunny Baird was entertain
ing a -lady in his bungalow.
CHAPTER XV
After Bob Trent had helped his
wife out of their creaking old car,
he climbed back under the wheel
and drove the Tattle-trap piece ot
mechanism, sputtering and com
plaining, around to the west and
parked it behind a tulip tree as it
wishing to conceal its decrepi
tude. Yet he needn't have bothered,
Bim considered as she hurried ov
er to Millicent, since everybody
knew that the car was on a par
with everything else about the
Trent menage a household bur
dened by the calamity of Illness,
getting by on hope and makeshift.
I Millicent looked unusually
dowdy in a three-year-old sports
dress, whose white had yellowed
with two much laundering, and a
painfully mended sweater.- Yet
there was a certain gallantry about
her. The fierce, unbending pride
Of one who takes the blows of fate
standing, banners unfurled,
i Bim felt a thrill of admiration
for the woman, born butterfly and
turned grub for the sake of the
man she loved, she pressed a kiss
upon a cheek still smooth and
childlike,' in spite of hardship, and
saw that Millicent had been cry
ing. ! "Bim," wailed Millicent, cling
ing to tho girl, 'lt it just can't
be! I've been telling: myself and
telling myself that it's nothing
but a bad dream, a terrible night
mare. There must be a mistake,
isn't there f Oh. I'm sure it's all
i mistake
"You know, then, deart'p
""Mary Frost stopped by. Bob
doesn't know yet." She seat a
frightened look toward tho gaunt
man who was trying clumsily to
back the old car Into lace. ''I'm
afraid I'm so desperately afraid
"But why, darling T There'll be
just a tew questions about last
night and then yon can go. I'll
tell Waltef to make it easy as he
can."
"But don't you see, Bim ? The
way Bob la any little excitement
roh i She choked back a sob
sad managed a shaky smUe for
her husband.
Bim gave the sturdy little
shoulder a pat and went with
them into tho house; - There was
nothing to be done. Millicent had
told the -truth; what Bob soon
would learn easily might send him
in another ot the periods of semt-deliriam-when
the Trent finances,
already strained to the breaking
point,, would bo forced to stretch
COO
LIQUID or TABLETS '
Core Colds, Headaches, Feret
-6 SALVE v.-
CURES BABrstXOLD
MISTAKEN IDENTITIES
" 1 11 i i i i
- , , J. ,1 l .T. 3
Eagle's Nest"
still farther to provide for night
and day nurses and dally medical
attention. j
Before the sessfdn in the I li
brary Bim managed to whisper
something of this to Walter, and
ho shook his head regretfully.
Walter, had hnown Bob Trent
as long as he could remember.
Back in the World war days the
older man had been Van object jot
hero-worship to the boy, who saw
him march debonairly down Main
street, while bands played and
flags lifted on the breeze, and
people cheered the little company
of soldiers KingcUffe sent away
to France. j
Many who marched that day
never returned. It peraps, would
have been better for Bob Trent
and for the girl he married just
before he sailed, Walter was
thinking, if. Bob had been among
those who now slept the eternal
sleep in a far away land.
He was very gentle as ho spoke
to the sick man; very gentle with
the fluttering, woebegone little
woman who. watched him with
wide, scared eyes. 1
"There's been a bit ot a mix-tip
old .fellow, and we're trying to
straighten it out- Nothing that
concerns you or Millicent. Sorry
to bo a bother, but there's no help
for it." ,
Trent's face broke into a drawn
smile but his eyes; were glassy.
"Trying to let me down easy, are
you, WallyT Don't then; I know
when the police are around some
thing's broke loose. What Is it
robbery, divorce, assault, may
hem? Drive on, Wally; I can
stand It."
But moments passed before
Walter drove bn, casting about
as he was tor- the least startling
way of Imparting the news. His
own face looked rather drawn and
his eyes full of pity as he survey
ed his old friend. I
"Someone was hurt last night.
Bob; the Baronees It was. We're
running down the the trouble!.
you see."
I
"You mean she was kllle
don't you? Murdered?"
'Easy, old man. Such things
happen." I
', .rm'
EF
We all catch colds and they can make U3 miserable;
but yours needn't last long if you will do this: Take
two or three tablets of Bayer: Aspirin just as soon as
possible after a cold starts.' Stay in the house if you
can -keep warm, i Repeat jwiih another tablet br two
of Bayer Aspirin every three or four hours, if those
symptoms of cold persist. Take a good laxative when
you retire, and keep bowels open. If throat is sore,
dissolve three tablets in a quarter-glassful of water
and gargle. This soothes inflammation and reduces
infection. There is nothing like Bayer Aspirin for a
cold, or sore throat. And it relieves aches and pains
almost instantly, . The genuine tablets, marked Bayer,:
are absolutely harmless to the heart . .
.ffls ipnioiflRi
, aapata br faelsaoa asar at aysr Ifiasfansis a If Uai llnlsf at tafkytiwrl
'
tr-- x t- I
3T.- E r
"Yes." Trent smiled again In
a ghastly way but there was no
change in the half-mad glitter ot
his eyes. The others sent out a
breath of relief" when they realiz
ed he was taking It so easily.
tYes, such things happen," ho
eat on. "A disagreeable wo
man, tho Baroness. ' Impossible
TJpstart. She Insulted my 'wife.1
I MilUcent's protest caught on a
sob.; "Bob! Bob, darling! Why,
ft was nothing nothing!" she
cried frantically. "You just did
n't understand. A woman like her
rich and beautiful what would
sh see la me?"
! "You, Millicent?", He turned a
wondering gaze upon the stricken,
loyal little face and a strange
aweetbess swept his expression.
"He thinks," Millicent explain
ed half proudly, half pleadingly,
''That everybody should feel
about mo just as ho does. You
understand, don't you?" she beg
ged of Walter, of Reynolds, of
Em. , "Yon do understand ?"
j "Of course we do, Walter said,
ijusklly. , Em wiped away a tear
and oven Reynolds was moved.
It's all right," Walter continued.
smiling at Bob. "Don't think any
more about It. If you'll just tell
a thing or two what time you
left here and what you did after
ward; We have to go into all
that.' , ;
j Miiueent answered the ques
tion. "It must have been a little
after eleven, Walter. Mary and
Ted had gone and Laura Allan
was just going; I think she was
waiting, for Bunny Baird. Wo
heard their car coming behind
when we turned into Lowland
Drive."
"You went right home, did
FPU?" v , '
There was a slight pause dur
ing which Millicent glanced at her
husband who did not appear to bo
listening. "Wo drove through
the village first." she said then.
Bob had a headache and t thought
a; little air might do him good.
We weren't out long It didn't
seem a great while and then
we came back up Pine Hill and
went home." t-
"See anyone in the village?"
ItmtT'O DOT A TS T7 A HT
ID! i o ror Dii--ikro i
L
By R.1 J.
'Two areat bishops:
. . U -m au "'
fConUnnlnr' from yesterday:)
In a tender, gentle tone, and in
a somewhat pathetlo manner, the
bishop said. 'Do you think your
mother knows what kind ot
life you are leading? Tho young
prodigal here quite broke flows,
burst into tears, and said, ;I
would not have her know it for
the world: it would break her
heart'. . 1
"Tho bishop foUowed this up
with other klndl- words. Reach
ing Dog river,, on, the Oregon
side, at dusk, the young man
crossed over the river to what
is now Washington state, and
the bishop saw him no more. We
stayed in tho Indian's tepee for
the night. Wo went to bed
our bed on the sand supperless.
The dried salmon which the In
dlan offered us, after he had
toasted it upon a stick, smelled
too rank, and we could not eat
It.
"This occurred in March 1854
(It was April 3. 1854.) In Octo
ber, 1864, I was going down to
The Dalles from Umatilla, on a
large river steamer on tho Co
lumbia. There were many pas
sengers returning from the Sal
mon river, mines. One of them In
a'uired mr name. and. after ; 1
gave it to him, he recalled the
canoe ride from the. Cascades to
Dog river, and he asked me if I
remembered It. He said he was
one of those two passengers
that the other one, whom he had
then called 'Sandy,' had been for
several years in the state prison;
and then, in answer to my inquir
ies, he said that that day had
been a day. of destiny for him;
the questions of the bishop had
led to his reformation. j
"He tad ceased his drink hab
it, and left off swearing, and had
begun a life of prayer. God bad
converted him; He was a happy
man. He had a wife and three
children, a half section of land.
and money in the bank, and he
was on his way to heaven, and
"No o; ; no, we didn't see aay
one I can remember."
"You retired at once?" ,
Again the pause and Bim
thought a sharp anxiety struck
tnrougn the look Millicent flicked
in the direction of Bob. But she
answered in a firm, rather loud
tone that they had retired imme
diately. "Bob needs his sleep.
you see. we don't keep late
hours.
"It would have taken you about
thirty minutes to drive through
the vilage and back; that ' must
have made It near midnight that
you were on Lowland Drive pass
ing Eagle's Nest. Did you hear
anytning or see anything about
the grounds?" -
un, no. nut of course .we
dldnt look. Still, if there'd' been
anything unusual"
Walter let them go then. He
walked out to tho car with Bob
Trent, talking earnestly, and Bim
assumed he was trying to soften
whatever shock had been dealt
the sick man. And Millicent cried
a littie m inm's arms and said
she meant to be brave. "It's only
that X love him so and I can't
see him hurt. He depends on me
like a child. Why. I'd die if any
thing- happened to him!"
"Hush, dear; nothing -will.
Trust Walter for that. And, Mil
licent, if you need me day or
night 111 come any time. Re
member that, won't you?"
Millicent was a little comfort
ed, but It was evident that a
deadly, tear had taken possession
of her.
When the dilapidated old car
had rattled away Em explained
that Bunny Baird had no tele
phone; acordingly Reynolds and
Walter and Bim set out for a
visit to the artist's bungalow. ; ,
(To be continued) 1
i ''-'! " " ' r
The officials in a
such as the United
HENDRICKS -
his wife. also, and ho owed it all
to that wise counsel and the kind
ly treatment of that good man,
tho bishop; and he desired me,
whenever . I should have tho op
portunity, to tell tho bishop that
his faithful seed sowing of more
than 19 years before bad brought
its hanrest in due time.
k
"In! June, 1868, on the sum
mit of the Rockies. I told tho
bishop the story of his success in
that wayBido ieed sowing which
he did on the Indian's canoe 14
years before. It was a notable ful
fillment of the promise, 'He that
goeth forth and weepeth, bearing
precious seed, shall doubtless
come again with rejoicing, bring
ing his sheaves with him.'
I W - W .,, .
"After j our first day's canoe
sailing; and our night at Dog riv
er, Wei embarked tho next day In
the same canoe for The Dalles.
The wind was blowing a stiff
gale up the river. The river being
in freshet, the wind caused high
waves! to roll across tho river;
but wo were : plowing through
them 10 knots an hour. The bi
shop became nervous, and we
went ashore. There was no shel
ter, and tho March (April) wind
was bleak and cold, j
I V
"We relaunched our craft, and
reached The Dalles in an hour's
sailing., After transacting our1
business at The Dalles military
post, we secured Indian ponies.
and rode up the river four or five
miles to see the Grand coulee,
where the river had once flowed.
and to see tho Grand Dalles; or
narrow passage of waters. '
We had to ascend a canon to
find safe crossing of a small but
swollen, unfordable stream. We
crossed bn a log and descended
the canon; we saw the wonderful
passage of the great Columbia,
which 1 carries nearly as much t
water as the Mississippi. Return- f
ing up the canon for our log-
bridge! crossing, we encountered
a large, gray wolf, who for a time
refused to give us the right! of
way.. By dint ot bold rldlnr and
loud hallooing and swinging our
larlatsi wo started his wolf ship,
and .proceeded bn our way.
"Enlerglng later from the can
on into the open, we encountered
a large cavalcade of Indians,
some ! 200, all mounted and
armedj There was a general un
rest among all the Indian tribes
of Oregon. Several murders by
the Indians had occurred, and an
Indian war broke out a few
months after this. The proces
sion halted. We were In deadly
peril. I j' i
The bishop said. 'Are we not
In great danger?' I told him that
if the Indians should find us, or
believe us to be, Indian agents or
traders, or United States mili
tary, our scalps would be taken
within i half an hour; but that if
could convince them that we
were Methodist preachers. I be
lieved we would not be harmed.)
We' boldly rode up to the head of
the column. I addressed one of
th chiefs In tho Chinook jar
gon, 'Clalhalam six, i which is
'How are you, chief? J
! li
'He answered me la English.
I do not talk Jargon.' 'Where did
you learn to talk English?' 'In
Ithaca. N. T.' 'How did you go
there?! 'With Commissioner Par
ker?' (Rev. Samuel Parker, who
came la 1835 and picked out the
American j Board mission sta
tions at WallLatpu and Lapwai.
ot Dr. Whitman and Rev. Spald-
ng,. respectively.) I introduced
Bishop Simpson to him. and.
through him, to the Indians pres
ent, as! a great ministerial 'Tyee'
or chief; and Bishop Simpson in
troduced mo as a great Oregon
chief. Or minister of the gospel.
(Continued on page S) '
The NATIONAL Bank
offers advantage !
National bank
States National
are called upon to assume a great
er degree of accountability than In
any other corporation.
In addition, our executives enjoy
the respect and confidence of this
community and bring to the direc
tion of this institution a wide and
diversified experience thereby as
suring to customers a guarantee of
sound, conservative inanagementi
United States
Uationol Bona
5ali. Oregon
A.
!
l ;
j
v.