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About The Oregon statesman. (Salem, Or.) 1916-1980 | View Entire Issue (Aug. 21, 1931)
call OlOl .nd copy wUl b : Vfcs,4wN , .lV , delivered at once. ; ; ' - : - -J ' - - f . j 4J" .. r 1 ft KS?--??m- "-1 " .j. : V ). - .... v - " IV , i - i : I; ' . FOUNDER; lODl A . , v ' I J EUaiTY-nRST YEAR , , ; Sakm, Oregon, Friday Morning, Annst 21, 1931 . . . , , No. 126 TEACHER COST SHOUHILY HALF MILLION That Amount Paid out Last " Year In This County, Report Reveals Bond Retirement is Second : Largest Item; -; little h Hew Construction 'The ' teacher-superYisor-princI-pal payroll in Marlon county for the fiscal year 19 3 9-31. amounted to nearly-half a' million -dollars-Si 58.7 4 9 to: be exact according to flaarer released bere yesterday kv Mra TLf r-w ITnlVercnn J rnnnlT superintendent of schools, who has just . finished her annual ' re port as required by law. By far the next largest expense in the op eration of the schools of the coun ty was service on debts. . In the last year, bond retire-, meats called for 391.115, war rants paid amounted to 395,801 and interest on bonded debU. to 323,3(2 and on warrant debt to 38630. Operatlon'of the plants of the various schools called for a total outlay of 1 74,3 C 7. Supplies for all the schools cost $11,432 while textbooks - furnished cost only $743, an item which, will , be greatly augmented this next year when free textbooks .are required by law. --'..,. Comparatively little money went Into new school construction dur ing 1930-1931, the report shows. The totals for capital outlay of building and equipment amounted to $19,415, only $4437 going Into new building and no major school project being constructed during the year reported upon. Financial Setup -- Of Schools Good The financial structure of the schools, Tiewed as a unit, is held comparatively good. Totaled bond ed debt at the end of the year amounted to! $407. 680. Warrant debt was $110.397. ; AH other debts ran to $131,000. Offsetting these on the financial balance sheet was a total cash balance of $53,413, a considerable, suni un estimated, due on delinqo.ent.tax es. and the capital investment items of the school districts. Buildings in the county hare a the Linn County Securities com pany. He plans to derote all of (Turn to Page 3. Col.' 4) RESTS WITH JURY LOS ANGELES, Aug. 29 CAP) The jury in the trial of David H. Clark, accused of the killing of Charles Crawford, weal- ik. itATittMan an A Herbert Snen- cer, ex-newspaperman, was locked up at 9:55 p. m. without having arrived at a Terdlct. The case was sent to the Jury after Joseph Ford, special prose cutor, at -conclusion of an argu ment that lasted nearly fire hours, branded Clark's story of self-defense as untrue ana pieaa- ed for a conviction. Jndra Stanler Murray, in read ing hU Instructions, told the lur- yors that f Ito possible Terdicts lay Deiuro men, - mnf were degree murder with death on the gallows, first degree murder with life Imprisonment, second degree murder, the penalty for which is five years to life imprisonment, manslaughter, with a penalty of one to ten years In prison, and an acquittal. - . SAVOLDI WEDS AGAIN WAUKEOAN. 111., Aug. 20 (AP) Joe Savoldl, former full back of the University of Notre Dame, was married here today to Daisy De Wltte, 22, of Santa Monica, Cal., by Justice Charles S. Mason. CLARK'S FATE NOW Jumping Bean Rilled Out But Other When one child - brought 'a "pet" JumpLng-bean to the circus dayprogram at the 14th streeC playground yesterday, that was the limit and the Judges ruled the entry out. Without the - out ot order bean, there still re mained a variety of pets: an ac robatic frog, moths, parrots, rooster, dogs, cats, galore, and horses. In addition to the judg ing of "animals" the children presented a 'program of circus acts. - Muriel Beckman won the prize for the largest pet, a horse; Bet ty Hurley, for smallest pet, ' a water skipper; Mel via Larklna, aw puvsb u as uusaa itcmi au and four-day old kittens and a moth. - . . ' -T, - a group or tumblers were ad judged first for the best stunt: Viola Kayser, Doris Marston and Rachael Yoconv '1 ' The afternoon's festivities be ran with t mid narada led by Valert Karr and followed by. a clown band and the owners of .pets and their entries. The four acts presented were Blllle June Smith .and Theodora Bonffleur, Helping Hand ShowWillGet Backing: One thousand, two . thousand, three thousand,, four thousand, fire thousand how many, thou sand articles of: foodstuffs will be left at the gate at the Elsinbre theatre Saturday afternoon as ad mission price to - the afternoon performance? That will depend upon the response of the Salem Lpublle to the appeal for provisions wnicn are to do turned- over to the Associated Charities and the Salvation Army for use in relief work. -j.'. .. : . . ' Plane are being completed -for the program of the day. There will he a parade starting at 1:15 p. m. at Marlon square and marching j through . the principal streets to the theatre. The Salem drum corps will lead the parade. Mayor Gregory will speak, and other ee-operation is promised by civtc leaders. - The show at the theatre ' will start at 2 o'clock. Besides the regular ' program of movie-talkie the drum corps will play. A spe cial added attraction will be of fered by Miss Genevieve Thayer, Melvin Travis, Alex Volchok, Ly man Steed, and Miss Marriot. who will present the Harvard playlet "The Florist Shop". This is an all'. Salem east and these people have kindly donated their services towards the Helping Hand performance which will be held at "Warner . Bros ' Elslnore theatre, Saturday matinee at 2 p. m. . i Admission will be food stuffs -and edibles. .Bring all you can and help this worthy cause. By special request "The Florist Shop, will be shown Saturday evening also at,.I:45 p. m. with Salem players. :' - EVB JOB PROBLEM !: - ' H - ' Will Advise Gif ford Group; Senator Reed Claims no r Sessions Needed WASHINGTON, Aug. 20 (AP) President Hoover today requested a large group of dis tinguished men and women from many sections of the country to serve as an advisory committee in the unemployment relief organ isation to be set up and directed by Walter S. Gifford. Other names will be added to the list: after conference between the president and Gifford at the Rapidan camp where the latter will be a guest over the week end. ! Aside from the selection of the committee interest in the unem ployment; discussion in the capit al centered on a statement by Senator Reed, republican, Penn sylvania, j taking exception to Governor'- Pinchot's request for an extra f session of congress to deal with the relief problem. Pin chot wrote President Hoover urging such . course. Reed characterized ' Plnchot s letter as fa serious mistake" and expressed the opinion that it did not represent the ideas of the people of Pennsylvania. Bower and Pugh Explain Arrest Due to Mistake - -f i Sheriff YtnwAF and Dara Pneh. who Tuesday were arrested for en tering a closed area of 'the- Des chutes ; national forest, returned here yesterday. Each man -posted $10 bail to Insure his appearance In the federal court. Ttnwr said the arrest was due to misinterpretation of the order closing: a part of tne iorest. ai f A lima at thftlr irrMt Bower and Pugh said they were travel ing on: a main-" highway through the forest. The men saia wey nao n n. that the road was closed. although they bad read a sign in dicating that the rorest area was not open to entry because oi nre conditions. Pets Judged butterflies; Jerry Slick, acro batic frog; Pearl Rowland, Ha waiian tguitar; Orval Cooley, "laughathon". Tommy Williams acted as 'master of ceremonies. Climaxing the circus day events was the giving of the jun ior Red Cross lifesavlng tests to the boys and girl who have been practicing four times a week dur ing the past month.- Girls who passed the examinations ' were: Doris Marston, Margaret Tlnnel. Wanda Loveland, Jean Bartlett, Laura - Rettlg and Nadine Con way: boys. Bill Sextoa, Julienne McCarthy and Joe Baker. Doris II. Day and - Eileen' Moore and Dick Hlday and Wllmer McDow ell have assisted -with the train ing classes. Max Langford and Esther Arnold administered, the tests. S . ' Prise -squeaker balloons -were donated : by the Bustcfc .market, spring balls by the Buster Brown shoe store, and .."Jawbreaker" candles by Esther Arnold, Har old Hauk and Vivian Bartholo mew, playground supervisors. . Judges for the circus events were "Mrs. F. D. Wolf and Mrs. McDonald r; r- . r - . ' i 3 .'"" '" . HUNDREDS ARE KILLED IN I. American has Ringside Seat and Reports- "Foreign - Legion" Baffled; r " "ss j- - First Fighting In Havana Noted, Said Started - By Porta Faction HAVANA, - Aug. 20 (AP) Eye-witness to the fighting dur ing the past three days at Glbara informed the Associated Press to day that . heavy casualties were inflicted on the rebel "foreign le gion" expeditionary force by gov ernmeht rifles and ' airplane bombs. This' Informant William Otis Fuller,' an American said it was impossible to estimate the rebel dead. Government troops, he re ported, lost about 250. . Fighting broke out In Havana today, with spasmodic -firing through the early hours, in which one man was killed.' ' Some reports said the action was begun by -members of ""the Porra,' a group of pardoned pris oners said to be allied with gov ernment forces In putting down the rebellion. ' Fuller had a ringside seat during the storming of "Glbara, from his home in Holguln, 18 miles away. He accompanied a party to nearby Loma de la Cms, a mountain from which they watched the fighting through glasses. He said that in the expedition ary force, which landed Saturday at Glbara. there were reported to be Americans and a scattering of French, Germans and Japanese. A small band of the rebels still was barracaded inside the Glbara railroad tunnel today, he said, and the town was quiet. The tun nel is one of the two passages to Glbara by land. The revolution aries placed machine guns at each entrance and had been able to carry in good supplies of food and ammunition when they abandon ed the town yesterday. . TOWN WIPED OUT BOISE. Ida., Aug. 20 (AP) One historic mining town of central Idaho was bloated oft the map by a forest fire today and another' was directly In the path of the. flames. ' A report received here said It was feared several fire fighters had been trapped. Quartsburg. abandoned by ltsj 40 families yesterday wnen me fire came within a few hundred yards of the town was swept away when the blaze, fanned by a freshly rising wind, jumped a road which halted It last night. Placervllle, three miles away, another of the once flourishing boom, towns In the former gold district, was evacuated late today by many of its residents, who Joined the homeless from Quarts burg in the Placervllle ball park outside the town or on the open bottom lands of Granite creek nearby. , . The Placervllle telephone oper ator said the fire was within a mile of the town and "going wild." Children Crawl Beneath Train; One is Mangled PORTLAND, Ore.. Aug. 20 (AP) The. wheels of a North ern Pacific tank ' car crushed Stanley Ray,. 10, here tonight so severely that bis left leg and left arm had to be amputated. He was In a critical condition. Railroad men told police Stan ley and a boy companion tried to crawl under a string of ears Just as switching ' operations moved the cars about four feet. Stanley was caught. The other boy ran screaming up the traek Xo notify the railroad men. ' I Rabies-Suspect ; Canine is Slain ALBANY. Ore.. Aug. 20. (AP) One dor ralies-susnect was killed on orders of the coun ty veterinarian today, carrying out his yesterday's ultlmat m that all dogs at large without Immanlza tlon certificates would be destroy ed. ' About 300 owners took , their dogs to the veterinarian today for examination. ' ' '. . Beckley Earing ; ; Murder Charge ROSEBURQ. Ore., 'Aug, 20 (AP)-Cecll Beckley; farmer, will plead 'Monday to an indictment charging first degree murder of his wife, Alama Beckley, and his step-daughter. Margaret Clutter. The Indictment was returned to day by a special Douglas cosnty Stand jury. t" s, V- BIG CM ITTE HISTORIC IB Moratorium Oji Del)ts of : Farms Asked NEWBERG Ore., Aug. 20. (API A committee of 20. chosen at a meeting last night in the Che- halem district two miles north o( here, has arranged a meeting with Governor Julius L. Meier for 10 a. m. Monday, to discuss possibil ity of obtaining a moratorium on all mortgage 'loans. . . . Many farmers declare that such. action would be necessary to save their farms and homes. Most did not - ask cancellation of obliga tions, seeking only an extension of time in which to recuperate financially. '.".' . .Inability of .farmers to selV their produce at'a profit. was cited ss cause of the need tor the pro posed moratorium. 7 Members at the committee are: Charles ' E.' Walde, . John U. Smith, Mr. Brian,' Peter Zimmer man. Ed Ford,' W. H. Dean, John Crater, C. W. .Slnnlger, Roy Fer rell, Mr. Kelly; Harry Crater, Rex Newell,- ,R. H. . Carter," John Foe--ter; H.. J. Correll, J. M. Daven port. H. P. George, W. G. Drum mond, L. J. Lownde and N. P. Nelson. THIRTY MIUIOH OF Relief Being Organized as Report of new Flood : Reaches Shanghai SHANGHAI, Aug. 20 (AP) Waters of the Tangtse river dropped a bit today at Hankow, center of the flood disaster, but from further up the river came a Kuomln News agency dispatch telling of severe flood damage along one of the Yangtse's tribu taries, Tu Ho. Relief for the 30,000.000 per sons left homeless by the record high waters was meanwhile being organized -.under the leadership of the nationalist government. Announcement was made of progress in n'egotlations with the United States farm board for pur chase of 15,000,000 bushels of American surplus wheat on cred it, to be used to ward off the worst of the famine which is cer tain to follow this flood. All available boats on the Yangtse and Whangpoo rivers were pressed into service to res cue human driftwood left by the Yangtse's swelling tide. The government's airplane sur vey party, flying this week from here to Hankow along the 600- mile winding course of the river, observed many refugees camped on the dykes between Anking and Kluklang. These the steamers will take .to safer ground. The last few days have revealed many dykes undermined and so weak ened that they may break at any time. One License is Used on Truck, Passenger Car Fred Denham, Aumsville farm er, arraigned in Justice court last night, was fined 35 and 14.50 costs and ordered to purchase a license for his truck which he was charged with operating with plates from his passenger car. He was arrested in the afternoon on the improper license plates charge. Beeause Denham was apparent ly in straitened financial circum stances. Miller Hayden, justice, allowed the man to postpone pay ment of the fine until September 1. Denham promised he would come to the courtrooms on that day either with the money or ready to serve out the penalty in Jail. Youth Tells of Robbery. But is ! Held by (Police City and state police arrested Carroll Harvey, 21, Vancouver. Wash., route 5, and held him in the city jail for investigation yes terday afternoon, after they found him in a Dodge sedan out of gas on the Portland road near the city limits. The youth had telephoned police headquarters and reported that be had been robbed of 11.40. The state officers grilled Har vey at length before Jailing him but reached no agreement among themselves as to the veracity of his story. The sedan was of Van couver registry. They were last night investigating its ownership. Starts Fire to Get JobBut is Sent to. Prison MEDFORD. Ore.. An 20. (AP) Convicted of setting forest tires, Robert Pool, 20. -was sen tenced bere today to a year in the state penitentiary. '..' 'Evidence at his trial showed that -Pool threw lighted matches from an automobile last Friday with Incendiary Intent. He said he set. the fires so he could get work; fighting them. - : Ben Qulnlan, sheepherder, was fined 150 for negligence in start ing a fire which burned over 1500 acres; of timber In the Aspen Batte country. -. - - -r Cl Fi HOMELESS WOOLEN MILLS AT STAYTOFJ TO Experienced Textile men to Conduqt Plant Under -Lease and Option Staff of 40 Will i)e Hired; Revival In Demand for Output is Noted .The. Stayton woolen mills at Stayton, .which have been - closed for three years, will -reopen - at once under- .new - management. John Chapman' and . - Thomas Thomas, both experienced textile men, formerly connected with the American Woolen company." hare taken over the plant under-lease with option to purchase and are now at Stayton looking after the overhauling of the machinery pre paratory to resuming manufacture of woolen goods. Former workers at the .mill. most of whom have continued to reside at Stayton, will be taken on agalnt with a total staff of about 40 workmen -engaged. Ac cording to 'Mr. Chapman, the mill will operate on finer weaves of cloth rather than on coarse goods. The managers have made connec tions with Jobbers so they will have a market tor the goods they produce. Chapman was well pleased with the mill at Stayton and particu larly so with the water, which will require no treatment for use in the mill, as Is sometimes the case. , There is a revival in woolen de mand and this is said to be- a fa vored fabric for fall for dresses and coats. Messrs. Chapman and Thomas come to Stayton from Los Angeles, but formerly they were in the east. BEAR HUNT THRILLS AFFORDED SEATTLE .SEATTLE, Aug. 20 (AP) The "Ba'ar" hunt was ended to day with baying hounds and po lice ears summoned by radio and tonight a 155-pound full grown bear was dead, slain on West Queen Anne hill within two miles of the city's business cen ter. ' Several times in the past four days the animal has been sight ed, well inside the city limits. Today M. Schille and his small daughter saw the bear within 100 feet of their home and Mrs. Schille telephoned police while her huaband stood watch. Within a few minutes the bear disappeard Into a brush-filled ravine. From police headquarters, the radio was called into play and two police cars in the vicinity were summoned. Meanwhile B. L. Johnson, with two bear hounds, arrived and took up the traiL Within a short . time, the hounds sighted their prey and the bear emerged from the thick et on the run. police Capt. L. I Norton downed it with one shot. Tax on Trucks Goes in Effect As Mayor Signs i Mayor Gregory last night sign ed the bill passed by the city council last Monday night which puts an annual tax of $25 on all trucks from out of the city sell ing goods in Salem and an annual tax of 1100 on any firm engaged in the business of bill collecting.' The bin was seen through its third reading last Monday by. Watson Townsend who introduced the bill and recommended it as an initial step In securing new revenues for theclty. Te new ordinance becomes ef fective at once. Officials Urged ToWinkatMilk Law, is Charged PORTLAND, Ore., Aug. 20. (AP) "Certain powerful in terests" have been trying to get the city to drop its prosecution of milk plants for violating the city-milk ordinance. Commission er R. E. Riley said in a letter to City Attorney Grant today. Riley asked Grant to prosecute the eases -to the limit. -Frank W. Kehrll, chief milk inspector, has brought charges against the Riverview-Damascus Milk company alleging misbrand ing of milk. The City dairy has been accused of other violations. Big Toll Taken : t By Korea Flood ' TOKYO, Aug. 21 (Friday) (AP)-Dispatches to Tokyo news papers from Seoul, Korea, today said between SO and 60 persons were dead and several hundred, chiefly i fishermen.- were missing as a result of severe storms that swept the western Korean coast Tuesday and Wednesday. Missionaries' Sons From China f In Aido Crush H Arthur Tucker, son of man 'Recently Involved In Near - International Incident, is ! Badly Hurt in Accident v AWAY from their homes; which are across the Pacific ocean, in China, Arthur Tucker, 18, was in Salem Gen eral hospital last night being treated for a serious, fracture of one elbow and bis companion, Ritchie Davis, was lodged at the Y. M. C. A as the result of their automobile being demolished on the grade of the Pacif ic highway entering the CARBUHETOH WOES DELAY LINDBERGHS Dense fog Still Prevails; Plane Is Towed Into Better Shelter XEMURO, Japan, Aug. 21. (Friday) (AP) A depart ment of communications, radio r from the government steamer Sbinmsbirn. Mans today said the vessel started to tow the land bevfeh monoplane to Marotoa bay, 15 miles southwest of Ke toi Island, off the shores of which Coloael and Mrs. land. bers;h have been beld since late Wednesday by wnfavorable weather and motor trouble. .. TOKYO, Aug." 21. (Friday) (AP) A message to the depart ment of communications from Flight Lieutenant Yoshio Tanaka at Nemuro today said a combina tion of carburetor trouble and un favorable weather probably will keep Colonel and Mrs. Charles A. Lindbergh at Ketol island, in the central Kurlles, for some time. The steamer, Shimushiru Maru Thursday towed the Lindbergh plane to the north side of Ketol Island when a change of wind made unsafe the plane's position on the south side of the small Island. The captain of the vessel said the towing was difficult .because of continued breaking of the tow line. Lieutenant Tanaka messaged "There is very little hope of re pairing the Lindberghs' motor, in a short time." The night officer did not state the origin of his information, but nresumably it was given him oy the government steamer Shimu shiru Maru, which has been stand ing by the plane since 12 hours after it was forced down late Wednesday in the "Black Hole" ofthe .Kurile archipelago. The communications depart ment also was advised today that dense fog continued to cloak Ketol island and the central. Ku rlles. The seas were reported roughening. No Search Made For Filipino in Stabbing Affray No attempt was made yester day by county officers to appre hend the- unidentified Filipino who Wednesday night stabbed Endogn Lataro .another Filipino, during a card game altercation at the Needham hopyard on Browns' Island, according to Sheriff Oscar Bower. Whether the assailant will be sought is as yet. undecided, since the other participants In tne fracas eitner did not know or would not re veal his Identity. Lararo, who suffered a snai- low wound over the heart and another in the left shoulder, was released from the Salem Deacon ess hospital yesterday morning after his hurts had been attended to. . . " BODY IN CANAL " " KLAMATH FALLS. Ore., Aug. 20 (AP) When water was cut off from the government canal here today, the body of George Combs, drowned yesterday, was recovered. - Thieves Aren't Enough; Some Beer Lett SILVERTON, ' Aug. 20 If thieves who were reported to have stolen 200 quarts of beer from a reputed beer garden south of Sllverton within the last day or so had been more thorough in their Job, they might have saved Chauncey -Montgomery, the al leged proprietor, some trouble.. Led to the spot by tne story of George West. Oregon City salesman who said he had twice been drugged and robbed at tne beer garden, a raiding party com posed of Deputy Sheriff Webb Haskins, Constable Sv A; Pitney and Mayor L. C Eastman visited the old -Marsh Ramsbr place a mile and a half south of town. Ther had taken. Montgomery into enstodx when he alighted from a Portland-SllTerton stage., and took: him along with him. It' was he who said the 200 quarts of Beer had been stolen, they re ported later. , But there was some anegea beer left, and about five quarts were brought In along with a col lection of malt, bottle cappers Fig ure OLaoisb district. Both lads were on their way to Ohio where they plan to enter collegea this faU. Since their car is totally out of commission, the two will be forced to- continue their trip by train as soon as young Tucker is able to trareL Both boys are sons of . Ameri can missionaries, ' Professor W. W. Davis. Methodist, of Yerching university, Peking, and Dr. Fran cis . Tucker,; a Congregationalism and superintendent of a hospital at Tchow, Shantung. Young Davis, still upset over their sudden . catastrophe, told a reporter at the ."Y" last night of his "home" country, where both were born, giving interesting sidelights on the flood and polit ical conditions there,' and telling some of his Impressions of the United States, which he had not visited for six. years. "I feel like an awful green horn." he said. "Things seem so strange here. The people all hur hy around so; back in China we are much slower and easy-going." He was surprised and somewhat taken aback to see the American women going about the streets in pajamas. In China the native women -do wear costumes with long trouser effects but the gar ments are heavy, rather like split skirts, he said, and the higher class women wear light gowns over this female, costume. Saw Starting of t. Recent Flood Period When the boys left their Chi nese homes on July 4, the rivers were already rising rapidly from (Turn to Page 2, CoL 1) FAT AITCO 2 0 TOAST PORTLAND. Ore.,-Aug. 20 (AP) While Mayors John ,C. Porter of Los Angeles and James U. Key of Atlanta revived their acrimonious argument over the relathre merits of water and wine as . toasting material. Mayor George L. Baker today sniffed the bottle of water Porter sent him and decided to have it tested. "I'm very careful not to drink water other than Portland's Bull Run." he said. Mayor Porter recently express ed bottles of water to all mem bers of the French tour suggest ing that they Join August 22 in a non-alcoholic toast to the pres ident of France. Key today wrote Porter a let ter ..suggesting, that his proposal of a toast to the president of France in. spring water revives an Incident that "should be for gotten as soon as possible." The.' incident referred to was an occasion when the Los Angeles mayor allegedly walked out on a champagne toast to the French president. ' Rich Japanese Thrown in Sea Officers Think NEW YORK. Aug. 19 (AP) - Federal Investigators announc ed today their conviction that Hl- sashi Fuklmura, wealthy Japa nese Importer, who was missing whenXhe Belgneland docked here Friday morning, had been thrown into the sea. They expressed confidence they will get clues to who was respon sible for the killing .when- the Belgenland returns tomorrow from cnother cruise. . and other accessories. Montgom ery will hare a hearing In justice court tomorrow. -, West, arrested. here last night on a drunken driving charge, was released when it waa determined that he .had evidently - been drugged. He claimed, to. have been robbed of a valuable watch at the beer garden on a previous visit, and this . time when he "came to" discovered , about $70 was missing, according , to his story. - Officers here are still holding for questioning Ira Williams of Sifverton - who . was with West when he was arrested. They also questioned, several persons who had been at the beer garden, and .are believed to have a line on the persons claimed to hare stolen the beer. - It was reported that Montgom ery had been questioned by of fl-t cers, some time ago when it was suspected he was operating a beer garden, and had "been advised to go elsewhere but-did not heed the warning. MAYORS 1 Thorough THE WEATHER Taiiljf cloudy today and - Saturday, normal tempera Tm; Max. Temp. Thursday 84, 'Mln. )., rlvtr -3,5, otb.wetft wind. - STATE SAVINGS ID LflfifJ FIRi. Dr. Steiner President and R. C- Miller Manager; - Stock Increased Reserve now $50,800; Deal Has Full Approval of ' Corporation Chief Reorganization and enlarge-, ment of the State Savings and Loan association, under way here . for several weeks, was completed last week with the election of new officers and directors, the la crease of the reserve stock frea : I25.00O to 150.800 and the an- -nouncement of a strong, conserve five policy calculated to keep the institution ; among the outstaad lng savings . and loan organise Hons of the valley. - Officers chosen were Dr. R. K ", Lee Steiner of Salem, president John H.v Carson of Salem, vies, president; RrC Miller of Albany, secretary-treasurer. Mr. Millet -will serve as general manager of the-association succeeding Jofci -J. Elliott, resigned. The reorganization has the ful approval of James W. Mott. stat ' corporation commissioner and J ' Callahan, in charge of savin si ' and loan Institutions in the de partment. All connection of tht local association with the Mort gage Investment company, of Portland is closed and the nen organization places In a group ol Salem and Albany business met total stock ownership in tht concern. . "The - reorganization of tht State Savings and Loan associa-. tlon gives to Salem one of tht strongest financed, companies ol Its kind in the state." said Dr. Steiner, newfr elected president, last night. "I am especially gra tified" to see the deal consum mated since It gives assurance to all stockholders in the association that the regular loan and savings business begun here years ago caa . be continued In orderly fashion. We anticipate that this institution in a stable, growing city like Sa lem has a decidedly fine future ahead of it." . Mr. Callahan likewise express ed, for the state corporation com missioner, pleasure that the reor ganization had been accomplish ed. He said: ''The State Savings & Loan as sociation was not affected by the Guardian Building and Loan as sociation's difficulties, the tn aj- sociatlons not having been merg ed, but simply were affiliated through the ownership - by the Mortgage Investment Co. at nart of the reserve fund stock of ths local institution. "This department has approved the Dassinr of ponfrnl nf t)ik ciitA Savings and Loan to the local group oi business men and the strengthening of Its capital struc ture and belieTes that under the direction of Dr. steiner and asso ciates, this institution will per form a constructive service to this community and will merit tfca. continued confidence of the invest ing - public. The balance sheet of the pany after reorganization had been agreed upon stood aa fol lows: Assets: Cash ..t 29.7tl.T0 Notes and mortgages receivable KDimi Contracts receivable. 15,78.37 Real estate owned .. 38.S72.J5 Stock loans 1S.6I9.87 Leasehold (fully - - maranteeril 99 nflft fli Other assets 15,555.72 Liabilities: - Stockholders, Class A. B. C D. and E. stock Accounts payable Permanent, reserve fund . . , . . r; . . . Undivided profits .S473.509.3f 243.CI 50.800.09 1.314.71 Stockholders Are -Match Encooraged Mr. Miller, who becomes man ager of the association, said last night that during the course of the negotiations he had conferred with a large number of stock holders; tW-great majority of whom expressed full confidence In the institution and a desire to see it grow in Salem. "Our reserve stockholders have. made a detailed study of the field for savings and loan buslaeee In Salem and are fully convinced ft presents a good business oppor tunity," Miller said. "It we sad not -been convinced the associa tion was one of great possibilitiea we would not. have Invested $50,- 800 here." Miller had behind him a very successful record as a savings and loan operator.. A charter stock holder In the Valley Building and Loan association in Albany, fee has been continuously the mana ger of'that organization since Hi beginning. ' In slightly less than five years it has grown until Its assets approximate 1175.000. Ia its last statement, the association compared favorably with any ottt er association in the state. Super visor Callahan, of the state cor poration department praised t?. work of Miller last night, saying his reputation was high amor.; all savings and loan men In the state. Miller Is also manager of (Turn to Page 2. Col. l) ; IS10UZED