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About The Oregon statesman. (Salem, Or.) 1916-1980 | View Entire Issue (June 21, 1931)
- 1 .... - , .... v ....-..' , . ;ti page Tiinrn i ! " .. i rrrr : : : KtHH VWm FttSTPD HE T ESSt F TH fi M9. S CUT IfJ SAURY IS SUGGESTED ! ! EEfJEIL TBEflD - - m - . . . - - - . .mm . .- r .... e - i i - . 1 TO SHARES Securities at New York and ; Berlin Shoot JUpward At News of Plan By CLAUDS 1JLGGER (Copyright, 18n,. hy; Associated tress .i . . NEW YORK. Jane 20. CAP The -world of finance today taw a rift in the clouds which hare been gathering with the ominous appearance ot forming a storm center orer central Europe. ' Securities- in the New York and Berlin markets bounded upward, and, although markets in London and Paris were dosed; nerrous tension was reHered, as the news went around the world that Presi dent Hoover was discussing: with leaders of both political parties in Washington possible steps - to al lerlate economic stress both at home and abroad, and particularly in Germany. The New York stock market, which had been drifting lower' for a fortnight in a state of stagna tion, reaching extremes not ex perlenced In fire years, awoke to record one of the most -vigorous advances of the year. Advances ran iced from 12 to more than $10 a share. Such issues as U. S. Steel, American Can and American Tele phone gained . $S and $7 a share, Union Pacific and Santa Fe ran roads gained $10 and $11. Turnover Exceeds '.. Preeedinjr Days - - The turnover for the two-hour session, aggregating 1,500,000 shares; was Urged than for any of the preceding five-hour sessions oi :the week, and was the largest for a Saturday since March 28. Ger man obligations led the advance In the New York bond 'mar net. The Young plan issue pushing up $50.25 per bond of $1000, par value. - . Wall Street bankers generally acclaimed the announcement from Washington as highly construc tive, but were disinclined to com ment until some definite plan of action Is disclosed. The stocK market, however,, had come al most to a standstill in a period of painful .waiting for any straw in the wind, and greeted the news In no uncertain manner. Wall Street had no illusions that the end of the economic Jle pression was at . hand, realizing that necessary readjustments will take time. Brokers pointed out that the violence ot the upturn in stocks was primarily due to the fact that bears had been caught napping, and that many traders had left town for the week end. and offerings were light. ... STRICKBI EUROPE 'EH Continue from PK IV tion and reticence pending fur- Hlnnmnt of What is widely described -as one of the most encouraging oi posi-w.r times. . " - ' '' " No commuulflne : .was lssuea after the cabinet meeting, bat the newspapers were : crowded with editorial comment. . The democratic Tageblatt characterised the: developments In Washington as marking "a turn ing point in the history of . Eu rope and America," but warned that 'first there w'ill be much patient detail . to be gone through." L . : "America," the editorial said, will .earn the name of a great power of peace, if Mr. Hoover's ' initiative brings in this genera tion a world locarno. . . Mr. Hoo ver will be celebrated not onJy by this own people but by all the peoples of the world as a bene factor of humanity." Even the -nationalist press, which all along has refused to admit that anything tangible -would result from Chancellor Bruening's visit with Prime Min ister MacDonald at -Chequers, hailed Mr. Hoover's move as of the -. highest significance. t. . S II 1 DAK PROBRAM FUG IS HELD BY W. R, G. ''At a meeting- ot the local W4 R. C, held Saturday In Miller's hall, Flag day was observed with an ; appropriate program. About 4 0 members enjoyed the after noon. " ' - ' - - The following program was en Joyed by the group., ' - "Battle Hymn of the Republic," sans by the assembly. si . ;i History of the American" flag, by Mrs. Bernlce Bouffleur. 1 Flag salute by entire assembly. Piano solo given by Sophia Cal llsen. '''-- ' : :- - " w" Piano and violin duet, given .by Madelin and Alleen Goodenough.. Cushman Indian Hospital Plans Aided by Tribe .'' TACOMA. June 20 (AP) The last ob'statle to the erection of permahe&rr&ujlinngs at- the Cushman Indian ? hospital, here was removed ' today when . mem bers of the Puyaliur tribe roted 41 to 14 to, sell the land to the United , SUtes - government for $221,500. " At 1U next session congress will appropriate, the .purchase price and is also expected to make available funds for the construction of permanent hospi tal buildings. In the past the government has refused to build because It did not have title to the land.-- -.;-,---.- ---i . . - ! Too Late to Classify n.riiii-iiinri-i- - " " i- - FOR SALES Royal Ana cherrtoa, one cent per pound. Yon pick tHem. B. M. Biea. f SOL north of Salm near (Quinaby. PROBE STORY I x . Taking one. of the hief roles In um mystery surrounding the strange death of Starr FaithfulL Drettv Nw YnrV n.r- -..i t i9-year-old sister, Elizabeth, awiwn as inciter and oyivia. In aDDearinp befar th Nmn County Grand Jury vprobing what is believed to be the murder of the madcap girl who experienced "every sensation" in life before ner unumeiy ceatft, the attractive younger sister triA tn ct-rmlirVif.-n out conflicting: accounts efT her unu uivTCQicuii aiicr ouuT dis appeared. : , iSEBURG BODS IIP WITH HOT ANSWER (Continued from ptg 1) the northwest, there was no rea son, physical or otherwise, why Roseburg should not be chosen as a location for the home." Referring to a statement at tributed to Russell that at the time Eugene gaye its endorsement to Roseburg, Eugene did not real ize the size and nature of tha urn. posed Institution, for- which SI. 000,000 has been annrcnrlated for the first construction. Tlr Stewart said that apparently this was the underlying motive for Eugene s present action. Dr. Stew&rt said Rosehurr her. self did not realize the magnitude of the proposed construction at the time she first solicited heln In obtaining the home but that "We do not believe ! that because the magnitude of the project is above our original expectation Is any reason i why Eugene should not keep Its pledge." Dr. Alexander Muirden. nantnr of the First Presbyterian church. criticized statements attributed to Kussell relative to Rosehurr church; facilities. "Roseburg." he said, "has lamt. thing that Eugene woes not have. 1 venture to say that if our cham ber of commerce gave an indorse ment as Eugene gave to Roseburg, that everr business man In this city would stand by that Indorse ment witn emc pride, r Regarding ' our churches we have every denomination that Eu gene has. and are anoarentl do ing more effective work.: as evi denced ? by the. trustworthiness of our pledged word.'. BUCK SMS HOOVER MB BIRMINGHAM, Ala.. June 20 (AP) United States Senator Hugh L. Black, democrat, Ala bama, tonight i characterized as both ! amusing and tragic the activities of President Hoover to divert the minds ot the people of the United States from their troubles to Europe's troubles." "Although Mr. Hoover mini mized ; the Importance of world trade in his opening campaign speech I at Indianapolis," Senator Black said In a prepared state ment, 1 we find him now an nouncing with 1 a. flare of trum pets that he will revive Ameri can business by restoring pros perity to Europe." ' At Indianapolis, he proclaimed ah" empty plan which promised nothing - for American citizens who buy SO per cent of Ameri can goods.' He now. loudly as serts that he vill give American assistance to Europe, - which pur chases far lees than ten per cent Of American products. This Is exactly in line with, his policy of feeding starving Europeans and starving" hungry :Amerieans. Recommendation f Is to be : Made at Higher! Board X Meeting Monday : (Continued from page 1) " the . decision. "Salaries at the college always have been consid erably lower than those in other Institutions of the same type. Yet the staff has always shown a splendid spirit of cooperation. " "There Is no question about economic difficulties confronting the state. . Distress is. widespread and real, with unemployment general and acute. - . . Demand For 'Service " Increasing- Just Now - i "Prices for many farm products have not been so low In a genera tion and taxes are delinquent In a much larger proportion than usual. - Meanwhile the demands on the type of service this college has to render have been increas ed with the" economic difficulties in which the state, has become involved. Call for assistance in agriculture and industries are more numerous, widespread and inslstant now than ever. But the funds are drastically reduced. "In reducing' the. budgets the college has come to realize that. at best some efficiency must 'be sacrificed. The offer of the fac ulty in this matter represents the efforts of the staff not only, to share economic burdens of the public and to distribute sacrifices equally throughout the staff, but it is also a move to preserve and maintain, to the fullest extent pos sible, all avenues of service that carry the benefits of the Institu tion to the state. J "The task ot making the bud gets meet the reduced income is bound to be most difficult, if the board finds that this will be im possible without reduction of sal aries, it is assumed that the basis of such reduction, whatever the amount may be, will be applied to all members of the college staff and be uniform throughout the state institutions of higher learn ing." - - ' ! j: . In the revised budget report to be submitted by the) college for consideration of the board Mon day, the total possible savings are shown without resort to salary reductions. This is divided among resident instruction, experiment station and the extension service. nil 1 H OREGON T 1 BROCKTON, Mass., June 20 (AP) Thousands of persons gathered here today to send off a covered, wagon on a trans-con tinental trip that will follow the trail ot John Mason Peck, first Baptist home missionary a , hun dred years ago. t j The long wagon trip Is a part of the observance of the centennial of John Mason Peck's missionary ourney and the hundredth, anni versary of the Baptist home mis sion society. The observance is sponsored by the northern Bap tist convention. The wagon, a carefully-built re production of the type of covered wagou popular with pioneers, dif fers from the original in certain respects, however. It has special rubber tired wheels and a more adequate lubrication system, ne cessitated by the fact that it will be hauled, not by horses, but by an automobile. . Four persons will make the ourney. They are Coe Halne of New York, executive secretary of the literary research department of the northern Baptist convention and manager of the tour; Don Halne, his son, a college student; William Turklngton, Philadelphia, widely known baritone singer, and Dr. G. Clifford Cress of New York, head of the board of ministers and missions of the northern Baptist convention. ? . The party expects to reach Ore gon In the fall of 1932. BONNET ARRESTED A. A. Bonney was arrested by warrant from justice court yes terday for "doing an indecent and immoral act" according to local police officers. Births Odom Born to Mr. and Mrs. R. M. Odom, route 7, box 126 A A , a son weighing 7 pounds at the Henderson Maternity home June 19. U. 8. Action Contingent on jBimilar, i Move by . aH " Creditor Nations "; (Continued from. page 2) more than $245,000,000 fn war debts. - America expects the allies. in turn, not to collect the $425,- 000,000 In reparations owed them by Germany In the coming year. "The purpose of this action, said the president," "is to give the (forthcoming year to the economic recovery ot the world and to help tree, the- recuperative forces al ready.; in motion in the United States from retarding Influences from abroad." ; Extra Scsfon Not Deemed Necessary s Congresslonal action will be re quired to approve a suspension. . While congress does not meet until December, none of the war payments Is due until December IS. For this reason and tow the reason so many leaders i have pledged cooperation, the president does not regard an extra session necessary. - . - . . Secretary Mellon, who is In London, played a leading role in the negotiations : which brought about the understanding. Mr. Hoover. dealt through him. Am bassador Dawes Is in this country and the president said he had en dorsed . the proposition. ' He also said Owen D. Young of New York, whose name Is on the German reparations plan1 now operating, had approved it. Dawes and Young have led two reparaUpns conferences. Mr. 'Hoover announced the names of those in congress who had approved the scheme. While the group Included the republi can leaders it did not include eith er Senator Robinson of Arkansas, the democratic leader, or Repre sentative Garner of Texas, minor ity leader in the house. Some of Leading - Bourbons Approve Other democrats prominent in party affairs relating to financial matters, including Senator Harri son and Representative Collier of Mississippi, the ranking democrats on the finance and house ways and means committee,' respective ly, endorsed the move. Chairman Borah of the senate foreign relations committee was among those listed in support. It also was said .at tbe wnue House that the president had talked over the telephone with Senators Robinson ot Arkansas, and Couzens, republican of Michi gan, and that they had assured him of support. Their names were not included in the formal state ment. FIXED, DEFINITE PDLIC't' FLAX NEED (Continued from page 1 If no matter, what .the Industry does, it succeeds, on whom can blame be assigned and as a mat ter nf fact, whv is there any need for blame if from whatever angle one considers the flax .industry, merit appears In its "operations? Tfrnm niir viewnolnt the fixed policy of the flax industry should be this: ; Tbe indnstrr from now on. mnt ha mill to parrv itself, the returns from, sales providing for the mat of flax and lis manuiaci- ure. When the Industry reaches this standard. It is successful; when It fails, the Industry is per ilous and may need to be sup planted. All other benefits from the In dustry its development of a new crop in the valley, its assistance to manufacturing, Its provision fnr wnrk to convicts must be treated as incidental. Two lines of reasoning support thin view First, the Deoule of the i.ta will not lone tolerate any other condition. Thus far by leg islative appropriation $772,U0U has been put into the industry. If more funds are going to be called for, it will not be long until taxpayers will demand that convicts make brooms or bricks -but anything which will not be deficit., Second, the economics ot flax- ralclnr nnnort inch 1 DOliCT. The period ot experimentation is past. The fact that tne Willamette vai ley can grow superior long line fibre is unquestioned. The tariff Is ample against lower-paid for eign competition.. The domestic market is abundant, rrison laDor Is cheap. In tbe face of .all these Annduncement of Policy: TO MY MANY CUSTOMERS AND SALEM MOTORISTS : j 1 Following the-5c increase in wholesale prices of gasoline as an j ' . 'noimced Thursday by the major gasoline distributing companies we j. are pleased to announce that although our price to the... consumer has. r been increased, we will : still be able to sell genuine Union gasoline at j 'the lowest price obtainable in Salem or West Salem. Effective today our price will be 18c and '. 21c for Union and Union Ethyl, respectively. This, you will note, is as low as that quot ed by any retailer in the city or in West Salem. : Hereafter Doolittle's Master Service Station will operate on exact ly that policy, selling AS LOW; AS THE LOWEST; in this h vicinity. Upon immediate notice we will be prepared to meet lower prices announced by any local station. We would appreciate any information on any such price change ,by our friends. ' - , yours - for the lowest gasoline price in Salem.'. L .' . . 1- " .. A Move ViewedOiab Tonlo for Economic The En (Continued Ailments of fee! World ifjfijn; Pass 1) At their own request. Deputy Sheriffs Cecil Crosby (above) and William Guess, of Ardmore, Okla., irfll stand trial for murder follow er ' the ' fatal shooting of Emiho Cortes Rubio, cousin of President Pascual Ortis Rubio, of . Mexico, and Manuel Garcia Gomez, when the two students displayed guns while en route from St. Benedict s College, Atchison, Kan- to their homes in Mexico. - The officers are alleged to have shot the boyr with out first explaining tlv were deputies. advantages if the flax industry in Oregon cannot stand on Its own feet, the child is a weakling and not worthy of raising. Furthermore, the management of the Industry must quit gener alizing on its benefits and refus ing to face the actual facts of the flax" business's condition. No ob server of flax - tor. the last four years questions that Colonel Bar tram . provided , dynamic leader ship for flax growing. But his knife always flew too high and was loosely tied to earth. The profits" of the industry were paper profits and vahished under an auditor's balance sheet. The industry was too much an en auditor's balance sheet. The in dustry was too much an engine running loose on a track. To make the flax Industry car ry its own burdens will mean that payment for raw materials must not be guessed at but must be determined (1) by prevailing market prices and (2) by manu facturing costs. Any other basis is purely one of guesswork and sure to incur trouble. CAB STOLEN A Ford touring ear bearing li cense 23-278 belonging to Har old Cattron of the Meadowlawn dairy waa reported to have been stolen late laBt evening. for . helping. Germany . especially. But already! it i' , being heralded as promising, a! means by which German buying power will be bul warked, thereby: beneiltt ing world markets. Reports from! abroad evidenced the eagerness with which the peo ples and their waiting for leaders had' been ,: palliative move from the .United States. The en couragement drawn . from- Mr. Hoover's . activity jwas reflected not only in upswings of the ex change markets! here and In Eur ope, but In optimistic expressions from governmental and press quarters as weltl Cabinet Hopefulj Word Prom Beflfa .- The word in i Brlin was that the cabinet, ; wjtit i happy spirit that had been missing for weeks. spent today's kesston discussing th Hoover statement of inten tion to help khd nothing else. Press dispatches, frt sibly reflecting the views ot the foreign office, expressed gratifi cation that a "(Change of opinion has come in Washington" as to Germany's situation. : The Importance 'attached in for eign capitals to j Secretary Mel Ion's conferences wlth leaders in Great Britain's! 'government and financial affairs j has not escaped notice here. 1 1 i There was ahi assumption " In London that he ''cabled Mr. Hoo ver what Prime Minister MacDon ald 'and others !t01d him ot the European flnandilj situation be coming Increasingly acute. This was not denied Ini Washington. addressee. Before the dinner and also be fore the dance at the armory, members of Al Kader, nattily at tired In the cardinal silk knick ers and green Jacket with char acteristic f es paraded the down town streets of Salem. The full Shriner hand, drum corp. group of chanters and the patrol were in the line of march' as well as the official divan and a large nuci ber of members of Al leader tem ple, i - -i It Is planned td make the vfsll to Salem an annual affair. i j ... i i iTr 1 r v r f r i . e II J I V J I C C'li" f Soup or Salad Meat or Ftth Potatoes Vegetables ' Bread and Butter or Rolls ..Pie or Pudding and Drink eEoiBy f AnMiinid if ram! nan It original 100 nUi ln Al Kader temple and eachifefiponded brief ly. They were RUE. Lee Steiner, Hal D. Patton, George Dunsford, E. K. Lovell, and iR L. Conner of McMinnville. Jiisticjes Rand, Belt and Bean of the-! state supreme court were alsolcalled on for short Roumanian girls are sweet's can be -1 They drink a lot of milk, you see.' I 1 1 THB RICHEST, SWEETEST MILK OF 1 : . V, . "ALL ,! I : ! i : IS OURS. Please tell us we should call. -1 Watch for their Story Book ia Rhyme Watch for Kiddies from Dalryland Salem Sanitary Milk Co. Telephone 5774 1851 SUte St. i m f: Eleven GREmI) J ala . . LOWER : PRICE J f2 II 11 ::-Vl(4- J;. :- 11 Ink v, mhf i- : ii UMIUIAWM iy-vy SJ ir r " .'.r- ' .. .v, ill Si - . ' l It hl EXTRA MILEAGE ... nc now even lowtr In ! price! HERE'S THE TIRE SENSATION Of 193 1 1 Famous , Goodyear ABAAfoether.UrgettseHieqfireinth - world, further Improved in 1 1 ways, and priced lower than ever before. Vein only Geodyeer offene 'ectresdt of bwUTmq MILLIONS MORE tires then any ether company. u' ' 1 mJt i; MASTER SERVICE STATION V."- ' . : , -' - ' -' X .1 1 " j I JUI Ul ft ) ! 1 ; -. ' North Commercial and Center Sts. 7 - Srtitcciica Yfith Every Transection Phono 4525