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About The Oregon statesman. (Salem, Or.) 1916-1980 | View Entire Issue (June 26, 1931)
Ths OREGON STATESMAN. Salemu Oregon, Friday Morning, Inn 28, 1931 PROFIT T HULET OPPOSES O- I . IIATTIE LITTLE ANOTHER JIM THORPE? WHEN CRIMSON AVENGED MANY DEFEATS EIS MICE DIES AT SMI IS W ' : BANK CHAR ES I 1 i. ti j A ft Stopks Make Some GaiffSori Wall Street Before That Phase Opens . NEW YORK. June 25 (AP) Stock bowed to profit-taking today but not until the advance In their market as well as In most others, had gone further. . Although there wai some Ir regularity to the -final share quo tations the averages of leading , share net changes . w ere slightly ,J lower than yesterday's- This loss was less than a point, however. lt was an active market; involving the. transfer-of 4,300,000 shares, but volume was better sustained on the rise of the earlier hours than on the decline during the af ternoon".' " ' v - Foreign ' considerations contin ued to" motivate the market. The short term credit to Germany -to enable her to meet large mid-year requirements and Secretary1 Mel lons Paris visit, the purpose of which. Wall Street believed, was to persuade the French to alter their reported stand on the un postponable Young plan pay ments, provided the background for a 1 to 7 point forenoon rise. French Rumor Sticker Not long after noon It was ru mored that the French cabinet either had resigned or was about rto do so because of prospective ob jections to the Hoover plan in the national legislature, and traders hastily set about realizing. Denial - of this report slowed the decline, but by this time buying enthusi asm had waned. - Copper shares took the head lines, running up to 1 to S points " as domestic producers posted the third quarter-cent price Increase of the week. Gains in the group - were modified, but It was diffi cult to restrain the enthusiasm with which the issues greeted their recently Improved fortunes. Anaconda declared the regular dividend. U. S. Steel set a new high for. the recovery at 102 but closed at S8, off 14. American Can. Bethlehem,-Radio, American. To baceo "B," New York Central, Al lied Chemical, Air Reduction and .A , .. -- . W . . '., A ... V V .. . Wilson "Buster"' Charles, all around athlete, is pictured here in a typical javelin-throwing pose, as he prepares for the defense of nu merous of his titles at the University of Nebraska Stadium, July 3 and 4. A full-blooded Oneida Indian and a student at Haskell Institute, Lawrence, Xan., "Buster" is rated a worth successor to the famous Jia Thorpe. He excells not only in track and field sports, but in j football, basketball and baseball as well. TJnlon Pacific lost 1 to J, while Westinghouse, American Tele phone, Union Carbide, General Electric, General Motors. Pennsyl vania and Baltimore ft Ohio eased fractionally. 'Auburn retained less than half of a 23-point hop that lifted it to 201. Case gave the shorts a squeete and was up 2 net, although its extreme advance was nearly-7. ! . j j Survey Favors Getting Water At State Plant It would cost the state agri cultural department approximate ly two cents per 1000 gallons of water obtained from the state penitentiary for the proposed canal on the state fairgrounds, as against 13 cents per 1000 gal lons If the water is purchased from the. Salem water plant, ac cording to a survey completed by C. E. Strlcklln, state engineer. The survey - was requested by Max Gehlhar, director of the new state i agricultural department. Gehlbar has proposed the con struction of a canal on the state fairgrounds property tor the pur pose . of providing additional amusements. Under Gehlhar's proposal . the water sports would be carried on during the entire summer, and would not be limit ed to the annual fair week. Arthur Sommerfield, University of Wisconsin pitcher, has lost only three games in two years against Big Ten teams. Discrimination Seen When Fees are Assessed to Small Accounts Asserting that the bankers are discriminating against the smalt accounts by putting on special charges against them, C. d Hut let, master of the state grange reiterates his opposition , to the plan which has been put-Into effect-among some banks. He first attacked the plan at the convention of the grange at Medf ord. Now in a letter to The Statesman he renews the fight against It. His statement fol lows:. J ....... . s.:. ; , . v "The bankers of the state have! responded -through; the press to that portion of my address before the Oregon State grange which dealt with charges on small ac counts, i -"Their reply proves, beyond question, that the bankers are not hearing the rumblings among' those who, by force , of . circum stances, carry small accounts in the banks. There are thousands t honest and sincere people who have small checking "accounts In the banks of the state. There Is a - spirit of resentment among tfiem toward the banks for charg ing extra because their accounts are small. - t Bankers Should Respond, Asserts - "If the bankers are the friends of those who are In need we shall expect them to take steps to pro tect the small . depositor. "May I call their attention to another portion of my address which deals with the subject of our business relations. We sire not the enemies of any corpora tion. We are opposed, however, to a spirit and management of any public utility or business that tends to oppress the people and rob them, of - their Just profits. We are not the enemies of capi tal, . but we oppose tyranny and monopolies. This refers to the banking business as well as to others. I say again, we are not opposed to public utilities or pri vate Interests but we ere unalter ably opposed to the. unjust and . 1 1 f - fc(M., k new era for Harvard University dawned 'on the shows the Harvard crew (left) sliding across the Thameaat New London, Conn when-the Crimson I finish line' with Yale trying to overtake its con Varsity, crew avenged the defeats handed . them J guerors. ' The victory for Harvard closed an unde every year since 1908 by the sons 6f Eli and rowed I xeated season for the Crimson, but the vanquishing to victory ' over the Yale oarsmen. This picture of its ancient, rival was the sweetest win of all. unfair practices, the tyranny and the oppression of public utilities and private interests. The Grange Is not unfair or unjust; we are only asking equality and justice for all. We feel that this charge on small accounts is unjust and unfair. . - , "If the banks have been giving too much free service in the past, if they cannot conduct their busi ness without charging to handle our accounts, they should charge all accounts alike and not dis criminate against the - small de positor. . "I do not believe, and the Grange does not believe, that the bankers were aiming ' a bloW at agriculture in 'this matter. , "The Orange has never been selfish or tried to secure benefits to just those within the gates, but tbo Grange has- in the past, and will in the future, fight the fight of the down-trodden and oppressed. : We only ask equality and Justice for all. "As Master of the Oregon State grange I woald be derelict In my duty nd untrue to the trust bestowed, is me if I failed to raise my voice against prac tices that are discriminatory or unjust. "If this is just a part of the plan of the captains of finance, commonly known as "Wall Street", to crowd out, crush out, or blast out small Independent banks, small Independent busi ness and small depositors, the Grange will fight in every fair way we know. "The Grange is fighting and will continue to fight for equality and Justice for all. "In this we are not unfair and certainly not ridiculous or outrageous." GUESTS AT ORCHARD -HEIGHTS ORCHARD HEIGHTS. June 25 House guests at the J. W. Sim mons home are Mr. and Mrs. Carl Lepley and sons, Cecil and James of Lang, Saskatchewan, Can. The Lepleys, though Amer ican cftlsens, hare lived for soma years in Canada. Being discour aged by tour successive years -of drought they decided to return to the United States and expect to purchase a home in some Ore gon city. Mrs. Lepley Is a cou sin of Mrs. Simmons. Doolittle Buys Land For Gas Storage Station - WEST SALEM, June 25. Frank Doolittle of the Doolittle service station in Salem has pur chased one-fourth acre of land from; Mrs. Sarah Luts north of the West Salem box factory, on which he is installing a gasoline storage plant. A pump house has been erected which will house an electric pump. The pump when in action will fill the 20,000 gallon tank In three hours, being con nected by a 200-foot pipeline with the railroad tanks. Doolittle has a service station at Corvallls to which he will sup ply gas from the new storage tank. The new plant may be the first nnit of further development later on, Mr. Doolittle says. John J. Evers, Jr., son of the great second-baseman of the old Chicago Cubs, will captain the Georgetown university nine next spring.' SILVERTON, June 25, Mrs. Hattie Little died here at the home of her daughter, Sirs. Jack Manary, Wednesday afternoon. Funeral arrangements, in charge of Jack -4 Ekman, will be an nounced later.- ij .Mrs. 'Little was born! in Ohio In' December, 1844.' She came to Silverton six-years ago from Cali fornia. Her husband died! at Yaki ma, Wash., three months ago. She Is survived by three children, Tom Sherwood, address unknown; Mrs. Julia Moody, California, land Mrs. Manary. Siverton. ji f i REACHES SCID SCIO. June 25 (Speclalj-A car rier pigeon, epparently weary and worn from a flight of hundreds if not thousands of miles, took ref uge at the Fred Spmmer farm here a few days ago. The little hirl seems to have lost its bear ings for the time being i send is making no effort to continue Its journey. j The pigeon seems to be content on the farm, where it has taken up with the baby chicks, boosting in the brooder with tbei flock. Aside from its fatigued condition, the little, messenger appears to be normal and Is recovering Its strength and vigor under Its -vol untary hospitalization. j Time may unravel the mysteri ous appearance of the li pigeon. Mute evidence of its mission Is contained on its metal leg band, which bears the number S57, the Initials N. H. S.. and the jnumber 29, the latter being placed per pendicularly on the band. This number may indicate the I rear la which the pigeon was started on its mission. TIAVE MOTOR TOUIt PERRYDALE. June 25 Mr. and Mrs. Martin Van Gross re turned home Friday from a week's vacation in the southern part of the state. They spent one day at Crater Lake. It was xog gy and snowing all the time. FDIL1DAY aimd VK v V A ait iMHwsinim i ii i FEtffflDATT anacl 0A1TlSJElin)A For 2 Days and 2 Days Only this immense stock of highest grade clothing for men and boys at the most as tonishing values of the year. Don't buy risk price alone may look alluring but watch your step. Get qual ity backed by a name that has a reputation for value-giving. In keeping with the trend of times and our policy of always giving the people of this community the finest merchandise the lowest prices and the utmost service we offer for this great two day event. Our entire stock of high grade clothing: and furnishings for Men and Boys at prices you can't afford to miss. Every garment the newest and most up-to-the-minute styles.' GROUP NO. 1 , - GROUP NO. 2 " ' ' A most exceptional buy every one $ S f Kft Embracing the finest in 1 this big 4 f 50 1 the newest, all shades and fine tail- T (I J ) stock Hart-Schaffner & Marx and v )) VJ 1 , . ored. Values up to $35.00 Now for 7 other fine makes. All newest up-to- Jr Vip 2 Days Only ... . .. .1.1...... L JJL Jr the-minute styles. Value to $45.00.... fl Jf Stt AM KeM to goo. Bhck and tan- Q Ag styles in this lot............ ..L..........l. 2 A A . some buy to close out..... . ARROW TRUMP SHIRTS A supreme value. 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