-.-.jr
;i"Tf:-
FACE TWO
The OREGON STATESMAN, Salem' Oregon, Wednesday Morning, November 18, 1931
IIP
DUTLOO
Assets Estimated as Much
, Below ; Liabilities In
. - Report; Issued r;
(CootlmMd fro, pssv l
or traded for, were. In the mala
v encumbered by norUite which
wern assumed vita tjin property.
Since the' .time of purchase real
estate values hare to decreased
that new tha properties will sen
lor "little, it any. more than the
mortgagee covering them. '
, 1 "A small portion of the re
' ceipts was placed ia tint mort
gages tor protection of bondhold
ers ut owing to ineftectlTe. and
lax' collection methods employed,
these are ' badly in delinquency.
The shrinkage in real estate val
ves has likewise affected these
. securities and a considerable loss
la anticipated.
" "When your Receiver ' . took
charge of the affairs of the com
pany, there was tamed over to
htm only I470.C7 in cash. As
bond receipts, the principal form
of revenne for the company.
' eeasti upon the appointment of
the receiver, it left me with only
,s.reviue arising from a, few rent
, als, and crop returns from two
c ranches. ?his have used to the
best aflvsntage possible to save
what - properties I could, as
Connd snany mortgages on which
tc?l-e -were dellnauencles on prln
: clpsl. Interest, taxes and assess-
. mentiu. The full amount of some
roortgares were long past due,
r Present' cash in bank belongs
largely to Bond Trust and can
- not be-utilized for general ad
ministrative purposes.
r
o-
WHO SAID THERE WAS DEPRESSION?
V
X '
x. ,-'- '
;
4 v:V:AvJ!-:x ".A-y-f -i , ...v. T ,
i-.- .T , v.-.x: , j - " ,, . .,-: r
.:. :-';: - :' - :
J ... ,
: V- . v. . w- v s r
rhe sbimmerinc silks and satins, the sparklin iew-1 on the f'
eis, smaruy ww-sxvviBei men sou wwuuw v -.w
Yorkr social elite made a trikiniy effective pic
tore as they gathered fa the famous "Golden Horse
shoe' at the Metropolitan Opera House to hear the
cpeninff presentation of "La Traviata." The bias
ing half circle ef the cream of Knickerbocker so
ciety is shown as It awaited the rise of the curtain
t
nremiere Amonar the brilliant
"throng was Clarence Mackay, tdegraph kia, and.
his bride of recent months, the former Anna Case,1
opera star (left) Mrs. F. V. Storrs, with her daugh-,
ter, the attractive Anne, at right, as they snared
at the Opera House, and Natalie Cos (eenter deb-j
otante daughter of Mr. and Mrs. W. R. Coe, 'ose
exotic beauty caused much raising ef lorgnettes. .
SWBCOiH
IS SUITED lIlGIIT
The Call
Board . .
incji.
1
in f
mi lOBGIZEO i
fCoatlnoed (rem oag 1)
bershlp" holders tncludes:
Mrt. Goorr Allen. JMpk Albert. L.
O. Altmta, Mrs. W. E. AjOmtmb. Dr.
h. E. Barriek, Val Lola BaraM, B. &.
Bvardaaa. Jhm BUkelr, Abe Cnrr
By OLIVE M. DOAK.
ELSINORE .
Today Edmund Lowe
- Th Snfdr
in
S7wsfs.simsiss ffsa wisieift v v. - - - . -
Brows. Ir. T. E. Bran, WiUia Brown, Friday Wslter Huston la
C Continued from pas 1)
Mrs. Clifford Brews, Gleas Bmrrifht,
n. 8. r. Baite. LuU Ktriholomew. vr.
Xstia Brank, Br. W. W. Banat, lr. X.
Bsraette. Marcmret usrreacBa. Mrs.
W. B. Baab. Misi Sal lie Boas, Mrs. H. J.
Beaa, Miss Miryak Blair, C. P. Bishop,
Mrs. Lola KargoTse, miss itnta ieiara.
Mrs. T. W. Creech, Mrs. O. U Clarke.
Curtis Cross. BaysseaA Carl, Carlotta
COrDOration commissioner's Office Crawler. Est. Ear' Cecarsa,Mrs. V. D.
ruMmlnanilal tn a flfaofn that I V00
"The Ruling Voice.'
CAPITOL
Today John Gilbert In "The
Phantom of Paris."
Friday Richard Cromwell ia
"Shanghaied Love."
i t r i u: T :ttiH
recommended to the directors that coTT.uT. a a Z cZi li.
vb company d resiorea lO me I Doser, Dr. v. A. aearias, Mrs. w u.
mutual type of company, and the r UT- 3- lTen- M- Walter
1lrMtMr in nnnrtml in v . l leaus. Mrs. r. to. uecssoaea;
w h ww ww aW M S.SB
vor of that.
6nsta Ebses, Kiss Mary Xrre, b. W.
. GRAND
Teday Jesse James, Jr. In
"Under the Black Flag."
Friday Buck Jones in
"Branded."
and
"The
Mr w iivhu wui servo I r , :.'T '
until the annual meeting which TJ"nUi ""
ocenrrs on. December 28. j. d. foier. wuiuaa Gsisdorf, cWiea
"the sale to the Portland COn- I Galleway, Max Gehlhar. Mrs. Korssa C4t-
cern. was made with a view to ..rif'f, SvmL .
jj. Strengthening the position Of Our I rt, E. W. Heaao,' EUsabetk Hau,
local Company," said Mr. Lee.lMr- H. M. Hawkins, Jobs Heltsel,
-5-I-. 8 rruaentiai Ban- HanieI x. m. Hieks. sr. je. s. Ham-
corporation had ample resources, mered .Mrs. D. B. Hill. Mrs. Hal Hess,
However it was Unable tO Come Viola Haaek, J. rraak Hmshes:
through with the money which the .."i.I1 ifr,WJ .i!ld
contract. called for. , While there Roy' Kiet.c. a. Kens" Mm. t. b. Kay,
BTS some aajUSimentS . tO make I a. A. tveene; miss ureieaes swraswr.
respecting; our relations with the a. ximr Mias Edns Tscker. Mrs.
bancorporation. the Condition Of i'tbal Lav Mrs. W. H. Lytle. Ir. J. L.
V 6e suia ww cub-l MasH Teachers Associativa, aura. A. .
,tlnu to. function as before." iMeXeeaas, Mrs. W. J. Miskiewits, Hsr-
Tho lease . oa the room in the M.?or '' M0CT" ., -
Patton block was taken br ths I s, ?ai;. tv.
holding company; the Prudential Ua McKay. Mrs. o r. Hcistyre. R, fi.
RsMnrnnnilnit wvl.v - 1 Marrso. Mil M. Mnisey. uasseres mar-
rr: - BUluo ! ra w.k n if.sk- in " : . . , ....
sxe.uoe in remodeling the build- m7 cVri E. KeUelT 7. wrtwoyn tne piay ana pwi
ing for the occuoancr of tha sub-1 Ms. rviti Kewsseyer. w. t. Keedhaas. I is pitched in a high key of action
aidiary. The Itutual purchased the t- tl?"','?fa 5tti!lM,T,MJrf I n4 suspense. The murder of the
furniture however. As the Mutual ""5. D?. il' 1 '1 I heroine's father, and the conflict
sus uuezpirea lease on Its Old I Bteiser. Ker. Oeorge a. Hwut, Bhernos on iotb 01 nouiniy sua ium '
qusners wnose monthly rental it . "?,",5,tL ? I a piebian make elements inai
musrmeet lt Is moving back to Drrr7lVu
Its former location. I W. I. Staley. Edith Schryw. Dr. H. O,
BtoekweU, Mrs. A. A. SebraaiiB, Mrs. W.
T. Stolts, Mrs. U J. 8tBtt, Dr. 8ebieo
bans, B. . SMaoa, L. B. ahsaidi, Mrs.
Btnan Stone, Ke. W. u. Silver; .
R overt Tseket, Less- Belle Tartar, X.
F. Tillsos, Batkym Tnrney. Graee Tay
lor, Mrs. John Ulrica. A. A. Yasaka,
Cbarlea Willaos, raai a. wauaee. Mrs.
Walter Winslew. Jolia Webster, H. C.
WhHa, A. D. . Weodaiaasee, Geoi(e Wa
ters. Be. FreS Albas Weil. T. A. Wia-
dlsbar, Karl Wenser, wuuam waiion.
HOLLYWOOD
Today Irene Dunne
Adolph Menjou in
"Great Lover."
Friday Charlotte Green-
wood In "SteDDlnr ont-"
"Th Phantom of Paris" will
be the feature at Warner Bros.
Capitol today. John Gilbert takes
the lead in this French melodra
ma. From the fastidious lover
Gilbert takes the part, of a ma-
rielan whose remarkable art en
ables him to extricate : himself
from every sort of derice which
tries to hold him. At the same
time he remains the lover and
with Leila Hyams he carried
through a fascinating love story.
The scenes are lavish all the
LIVESLEY
TO
ClITIESn
llany to make him perfect. The
play Is "The Great Lover" and la
Is are Baelanova, Adolphe Men
jou, Irene Dunne, Ernest Tor-
renee, Cliff Edwards, Nell Ham
ilton and others.
.
There will be an interesting
picture at the Grand today. The
name Is ''Under, the Black Flag"
and the lead will be taken by
Jesse James, Jr. He will repre
sent his father, the tamed bandit.
Jesse James, and In the picture
will reproduce the life and ex
ploits of this famous figure in the
annals of early western history.
Tickets are now en sale by the
charitable organisations and by
high school students for the mid
night matinee which will be an
erent of November 1 la Salem
theatres.
The prbceeds from the ticket
sale for this matinee will all be
given to charity. The overhead is
being borne by the theatres snd
time for selling tlekets Is being
donated. When you give your ad
mission price for one of these
shows you will be giving every
penny to local needs of destitute
people. -
mm QUflBTET al MGES1IIST.
HIMIiS m r---i -; hMOT CERTAI J
Indian -Songs '.Included lh
Program; Prof. Vance
OtOaSab: Talks
A ; special entertainment . was
provided - at tha. FJwanls : club
uncheon: Tuesday by a quartet
of students front the Indian
school at Chemawa. They are
under tha direction f 41 faculty
memoer, ueorge sent. . Tne
tertalaers were ail dressed In In-
oian eostsme.
The . program with tne names
of those' who -participated is as
follows:' 1. 'Indian War". Son
as used when on the war path.
ny tasusinartet, waien was com
posed of Rosalie Grounds, Mabel
Boyd, Abel Rutherford and Lew-
is Randall. 1. ".Grass Dance" by
Abel Rutherford. S. "Unacoem
Sueuva". (Here comes Susie), an
maian nopuiar song, by group.
4. "Rabbit . Dance", by Rosalie
Grounds, Mabel Boyd: S. "Pigeon
Danee". by Louis RandalL C. A
reading by- Resaliv .Grounds. T.
"Coffee, (Indian popular song),
by the group, g. War Dance by
a tei Kutnerford and Louis Ran
dau. 9. Ringtail dance by. the
group. 10. Good Luck. sons: to
me Kiwanis club by the group.
usrry v. Collins, manaser of
the Salem exchange, gave a dem
onstration of an artificial larynx
which was developed in the lab
oratories of the Paclfie Telephone
ana seiegrapn company. This
and other articles of equipment
csn oe scon at the telephone of-
mi 1 .. : . -
new ta connection wun open
uouse ims weec.
S
Chkags watched with great inter
est but at a distance as Rose
mary Bast, reputed to be the rich
est girl in Chicago, became tne
bride ef Bartle Bull, eldest son of
W. Perkins Bull, Canadian X. C
The newlyweds are shown just
after the knot had beesrbed at,
exclusive St Chrysostom's Church,
Chicago.
Tusko's owners, are planning to
move him to Portland by truck)
trailer as soon as the weather
will permit.
No further action against Rob
ert Cox, IT, Aumsvllle youth who
allegedly attacked q Mrs. . Sarah
Looney. Tt, was taken yesterday,
according to Deputy Sheriff Sam
1 Barkhart. Cox was arrested and is
in ; the county Jail here, held ter
the- juvenile court, . " v -
.No word concerning the condi
tion of Mrs. Loonev was received
here yesterday, and, no- step will
ft made in Cox case until there
Is Indication of her condition. -
Th assault occurred. Saturday
night,- Cox hitting .Mrs. Looney
over, the head , with a ginter ale
bottle when she surp"rld him an-
certnr tar noma, of aer son-in-law.
I Henry C. Teasen. at Aumsville;
Cex, so the story goes, had eater-
ea the. house to steal, some beer.
SteiwerBacMhg
Modification of
Anti-Trust Laws
PORTLAND, Ore Nov. 17
CAP) Modification .of the anti
trust laws and inauguration by
the federal government of an in
tensive campaign to stimulate
building activities will b sought
as measures for the rehabultatlos
of the lumber industry by Freder
ick Steiwer, Junior United States
senator from Oregon, at the next '
session bt congress. s f ?'' j
. Before - departing; for ' the na
tional capital ' tonight. Senator
Steiwer said he would seek modi
fication' of the anti-trust laws so
as to exclude certain natural re
source ; industries, . sueh as ' lum
ber, from, their operations. "
Tribute :Paid
iVoddrow Wilson
Mover
RICHMOND. Ta., Nov. IT.
(AP) John Barton Payne today
paid tribute tn Woodrow Wnsoa
as thn man who died tor tha crea
tion of tha covenant of the League
of Nations spat mankind might be
forever saved from the horrors of
war and : that subject peoples
might enjoy the right to lire un
der a government which rests up
on the consent of the governed.
The tribute was paid tn an ora
tion dedicating n bust of Wilson
unveiled in the Virginia capitol by '
Mrs. Wilson before five surviving
members of the war president's
cabinets, and a large gathering; of
distinguished persons. - ,
W. TJ. FACULTY MEETS
The faculty of Wlllamette-nni-verslty
held a special forum meet
ing Tuesday afternoon to discuss
various problems pertaining to '.he
university. President Doney did
not Indicate what the business of
the meeting was.
A talk was given the rronn br
Prof. H. T. Vance, instructor at
tne state college at Corvallls. on
"Business Ethics." His main XUTt J Pad 1 TIP in
thought was. "honesty is not pol-i W GZ LiCcHJlIlg 111
icy but principle". He said that
mere should be no room for die
terence of opinion as to ethics
applied to business, but in too
many Instances the individual se
lects his standard to suit his own
tastes. That is not always ethl
cai wnien has been la prsctiee
lor years, ana the general In
clination is to go as far as the
law allows. The federal trade
commission created in 1914 did
much to clean up bad business
practices, was the declaration of
rror. vance.
G.OP. Primary
ELIZABETH, N. J., Nov. IT
(AP) Donald McLean, an avow
ed antl-prohibitlonlst, apparently
had won the republican nomlnat
tlon for representative in congress
tonight when all except SS of the
298 precincts in today's four eor-
nered race in the fifth New jersey
district had been tabulated.
Confess Holdup
Of Bonanza Bank
SACRAMENTO. Cal., Nov. 18
(AP) Arrested after their re
marks had been overheard by a
woman, Fred Johnson, 28, and
Bob Wilson, 21, confessed to Sac
ramento police early today that
they had held up the Bank of Bon
anza, near Klamath Falls, Ore., on
November 12. About $1500 of the
13300 loot was recovered in their
possession. Both men were Intoxi
cated when arrested, police said.
keep Interest high.
Edmund Lowe and his aleek
villi snous appearance will add
mystery and suspense to-the plot
of "The Spider" which will be
shown at Warner Bros. Elslnore
today. Assisting him in carrying
through to a climax this interest
ing mystery will be Lois Moran,
El Brendel, John Ariedge, George
Mayor of Dorris ,
Takes Own Life
Beckley Jury is
Discharged When
It Cannot Agree
ROSEBURG. Ore., Nov. IT
Plane Hits Flag
Pole, One Killed
KANSAS CITY. Nov.'lT (AP)
George W. McGee, 25. was kill
ed and Loren O. Stock, 22, was in
jured late today when an alr-
nl&ne. nlloted ana ownea or c-
Gee, struck a flag pole at Swope j
(AP) Unable to reach a deci-1 nark and crashed. Both were Kan-
sioa arter more man 71 Hours Isas City residents.
01 aeiioerauon, the Cecil Beckley
murder trial Jury was discharged
late today.
Beckley, a farmer. Is charged
with the first degree murder of
his wife, Alma Beckley, and his
step-daughter, Margaret Clutter.
who wem shot to death last July I
2. The ease was given to the. He found the right. Inexpensive !
jury issi Saturday aiternoon.
?a a Long Time
Since "JoKn TIa4
RHEUMATISM
It was understood the Jury
waa agreed oa a first degree
murder verdict but divided on
the question of lite ' Imprison
ment or death by hanging. A
first degree verdict without
recommendation would have been
equivalent to-, a death sentence.
way -to drive the cause of this
crippling Olseese irons ru
system
a a a St
Happy now no more iaie uay
his wife joyiauy assen.
(Confirmed from pajre l)
The nominating commute, can.
sistlng of Chairman R. G. Brady.
Rev. Eriksen and George L. Ar
buckle, was empowered to draw
np a new constitution and bv-lsws
for the Charities.-The revised doc
uments will be submitted at the
next Charities meeting. November
29. '
- The board members .last night
decided the general board -of the
Chsntier 1 hereafter should " be
composed of the officers and com
ZBltteemen of - the Charities and
rpresentatlvea of the . following
u erne organizations, with oth
er being added at the discretion
ot the president: Business and
Professional : Women's: dab. Sa
lem "Woman's club,v Ecclesia club.
xoata club, Endhitls Club, Parent
Teacher' association. Y.-W.'C
Slksu club,, Cherrians,: Kiwaais
elbr Rotary dub; Salem' Ad club.
DstU Wriest. Mrs. Taotnis WUlissu. y Rtttnm and Jess DaVorska.
ass Hiss Ukars I satis.
It El Brendel is in the play it
must be that there is also some
laughs mixed in with the mystery
ior rc is nara to conceive 01 Bren
del beine anTthinr hnt amusinc
Mrgfc, supernatural effects, and
romance are the component parte
of this play.
It will be a matter of Interest
to BM ttiak wnrV nt (!nm StATiSi
WASHINGTON, Nov. IT (AP) a,ter ng hIs ouUUnding
Pittident Hoover was called on work in "Cimarron" and "Front
. . . ,, .... , 1.1.. Pin"
touar to Dronae ioua ana iuu&iuk -
Hunger Paraders
Demand Food of
, U S. President
for 1.S00 "hunger marchers" tor
two days next month.
'The demand was contained in
a letter addressed to the chief ex
ecutive by Herbert Benjamin, na
tional field representatlre of the! he Just has to have a bit of vil
greup.i
If you are looking for romance
go to the Hollyood today. There
will also be some villiany In your
romance bear that in mind for
Adolphe Igenjou Is the. hero and
KLAMATH FALLS. Ore., Nov.
IT (AP) John Wise, formerly
mayor of Dorris, Cam., shot and
killed himself late today, reports
received here said..
.Wise was said to have driven
out a few milea from Dorris. and
fired a bullet through his heart.
Ill health and financial difficul
ties were given as the motives.
Tusko Departure
Delayed Because
Of Copious Rain
it
As lone as you have an excess
of urle acid la the joints, oiooo:
and tissues you are going to nays
rheumatic pains, aches, twinges
and Joint swellings you can't
help but have them. 1
8a start today with a swift. 1
safe, popular prescription to get
rid of all your annoying rnou-
matic troubles It is positively
ruaranteed.
Just ask Perrys Drug store or
Snow Blocking
BEND, Ore., Nov. IT (AP) -Snow
continued to tall in Bend
today but melted as It struck the
eronnd.
Snow and rain in the McKenxle
Pass country had turned to
steady snow tonight, blocking the
road to traffic Highway officials
reported five feet of snow in tha
pass and said it prepauiy wouia
not be reopened this .winter.
Benjamin also demanded that
Mr." Hoover give -the : "hunger
marchers" ma opportunity to ad
dress himself and congress In be-
Salem Realty board, Salem Mln-1 half o unemployment insurance.
1 ter ial association, Fraterhls club.
American Legion and American
legion auxiliary.
.FULEMEX OUT
Burton Speaker
l At Rotary Club
SILVERTON, Nov. IT The
Sllverten lire demrirtmont re
sponded -to two calls for assist
ance Monday night during the
stormy weather. The first call.
shortly after E o'clock came from
Dr. William H. Burton of Chi-1 the ' Mrs. Nora Ball residence
cago win be speaker at the Rotary I where a chimney fire resulted in
einb today and will have for his I the alarm. No damage was done.
subject. "Scientlfie Education and I The- second fire, oecuring a boot
Yeur Children," Dr. Burton wss a I as hour later was at the C. M.
former professor In Oregon Insti-1 Wray apartment house and was
luuons and has gained a name for j also a chimney tire with the same
himself all over the country la (result as ct the Ball home. Both
eaaeaiionu cirdes. . l tires were In tha same mock.
WEDS.
THURS.
AS HIS FATHER IX
UNDER THE
BLACK FLAGG
Red Cross Membership 1 932 Pledge
r Name.
Street-
atr-
County.
Please eheck form of xnembership taken I ;
' Annual , ; ?5 Contributino;.. $lfi Sustahunjr ,
" 25 Supporting: : . - - Vx, . .
Date .; .
. THE AMERICAN NATIONAL BED CROSS
Please brin or send to Red Cross headquarters. First
National Bank Bid., Salem.
HOLLYVOOD
Honse of
25c
Tonight & Thursdaj
Tonight it Radio
ramies KTr-.l.a
A HOM8 OWNED THKATRK SVavcnpoXX llsa
, - FIRST SHOWING IN SALEM
or
C
. s
'r-
a
,5h
Ernest Torrence, Nen Hamilton & Baclanova
Also Corned, News & Football Jor the Fans
PenalUesT with Coach Howard Jones of the
Southern Cai. Trojans
STARTS
TODAY
HE CHEATED
DEATH!
The Man
with
Two
Faces
. t - t . - - .
Hd: :
cuffs y- r X. ..- -w
I : SvVUttS ' -
Hold )
ffinu ! I ' ,
YotrH " S : A
GUbert.; ' : I . ;
with
Leila Hyams
Lewis- Stent -lean
' Hersholt
- f: . 'Si ; -
AdoIU 1Z
Lores SSs
Kiidits 10c
Always:
Go back home
for the
HOLIDAYS
cBhe Portland Rose
A Triumph, bi Train Comfort
Lv. Portland 9.30 P.M. Daily
Portland's oofy thru troifrto Chicogo. v Obseo
vanon lounga car. Fountain, radio. Barber,
valet, bath. Popular dining car service.
Comfortable chair car. v
Thru sloe pars Portland to Salt Lak Ciry(
Denver, Omaha, Kansas City, Chicago
Connection for St Louis,
HOME VISITORS' EXCURSIONS
- Fare and one-third round trip to Omahc
Council Bluffs, Sioux City, Des Moines, Kansas
City. St. Louis, Chicago, Mifwaukee, Minneapolis,
St. Pout, Dvtuth, Memphis, New Orleans.
Effective Nov. 21, 23, 28, 30 and
Dec. 5, 12, 17. 18,1?. Return Feb. 29, 1932
Another doOy train oast,
Pociftc Urnawd
9:40 A.M.
Geaeral Paseensrer
ST Plttoek Bleck,
Portlastd, Ore.
TH I
OVEIIANO
tOUTI
rained. So Tusko, the by
now well known svlAnnsnt. r-
mslnM in his cost shad st tha anv drnsrlst for sn 85 cent bot-
sUte fairgrounds. His keepers tie ef Allenru a sensioie aciea-
wlU not transport him to Port-J title formula free from opiates or
land In the rain for fear he I nerve deadenlns; drurs It drives
TnlrT fnntnrt MMmniili AUlnnt sll DStn and a It OUT In 41
thonrn Trntkn nrohaiblv is thai I hours or money oaea.
laneest animal on this continent. Urle acid poison starts to leave
he Is by no means the least sos- body in 24 hours the ssme en-
. m TT e n i cepuoie to tne eiiects or tne coia i erous insrsunw w w
mClenZie r clS5 westher. By nature he belongs sciatica, nenrltis ana lumoago--
in sunnier lanas. iwny noc uu aiBBn vi ibw
Bayard Gray and JackO'Grady. absolute gnaraatee today, aav
9
TODAY AND TOMORROW
and
f.iYSTGRY
What was his strange powct thb
msgsrtam vrirh ooaapeQinf eyes and
toft Tolost Oct of a misty past ho
led lsi 1 to hafpisseisj or to senoeT
LIU
'a
f
Cold T
Thrills
Malic
Chills
: Sew
- It ;
An.'- - .
aSBBS .BfeSSW 'asast BBSSi' . j
i f n r? nil - r t
f laeituw i.. i a
(5
5