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About The Oregon statesman. (Salem, Or.) 1916-1980 | View Entire Issue (Oct. 20, 1932)
. The OREGON STATESMAN, Salem, Oregon, Thursday Morninjr, October 20, 1932 t " lOIFIlPUIED Union Shareholders . Will Be Offered Plan :by Special Committees Shareholders of the Union Sar tags and .Loan association. '-will be - presented a - plan of reorganize tlon by a special committee ap pointed by Governor Meier, Jamea W. Mott, state corporation commissioner, announced , Tester- aay. T. H . Bahfield. Robert W. Mount and John C. Veatch. all of Portland, hare been named to -re present the shareholders when Mott adrised the goternor "suffi cient progress has been made in tne affairs of the company .. to Justify reorganisation." Herbert Gordon of Portland will be plac ed In actlre charge of the asso ciation's business In the reorgan IzaUon, Mott was adrised. The Union association was tak en oxer by the corajratlon com mission a year ago for operation. u la a mutual concern and has shareholders in all parts of Ore gon and in a number of other states, Mott said. Carl Johnston nd C A. DeGrace, former mana gers of the Prudential group, of which this was one of its main firms were- recently enn!rtat tnr alleged improper manipulation of .lunas, tne commissioner, said. - Profits Are S55.500 "Since taking orer the associa tion." Mott said, "the set accum ulated . profits of - the -eoncerm. over and above all expenses ot operation by the corporation d partment, have amounted to $55,- 575.84. Out ot this amount It baa been necessary to set up certain reserves amounting to SZ6,310.- 1. which-had been depleted byl the Prudential - management oi the association. We have also charged off a worthless asset in the amount of 22,159.f 1, which represented that amount of funds of the association which had been unlawfully diverted to the Prudential Bancorporatlon and which Is a total loss on account Of the Insolvency of the holding company, and In addition thereto we have paid off an indebtedness for borrowed money '. of : over 1160.000. leaving a book surplus at this time of J7.603.J1 in the accounts of the association. Wife Poisoning : Case Proceeds: Jury is Chosen MUSKOGEE. Okla., Oct. IS.- (AP) The murder trial of the Rev. S. Althea Berrie,' charged with poisoning his first wife. moved rapidly - through ' opening stages today with completion ot the Jury at mid-afternoon. The Jury is composed princi pally of middle-aged men. Mr. Berrie was pastor of the large Cumberland Presbyterian church here before his arrest. His first wife died last soring and Mr. Berrie was arrested Aug. f, sev eral weeks after he married- Ida Bess Bright, a young Sunday school teacher in his church.. enncBE ED REPORT PROBABLE Installment Debt Payment Would be Made Possible By Proposed Bill M- High, hope that "the National Retail Credit association will get Its proposed amendments to the national bankruptcy act through the short term of congress Is con veyed In a communication from the national office to Roy was- sam, manager of the Salem Retail Credit' bureau. The amendments now proposed. according f to Mr. Wassanv will permit an Individual harassed by garnishments, but wishing to pay his debts In installments over period of time, to do so without resort to bankruptcy through am ortlzatlon proceedings which has been made a part of section 75 of the proposed Hastings bill. If the debtor accepts this method of set tlement, and then through no fault of his own fails to pay his obligations, he then receives discharge of his Indebtedness, but If he does not go forward with his own settlement In good faith, he is adjudicated a bankrupt and in the course of that proceeding will not be relieved by a discharge from debts for the necessities of life. Other amendments which the retailer Is supporting, according fb R. Preston Shealey, washing ton counsel tor the National Cre dit association, are those limiting the benefits of . voluntary bank-j ruptcy to persons owing not less than $ 5 5 tn unsecured indebted- ness and suspending - discharges J where the . bankruptcy has beeni brought about by extravagance In living, f peculation and gambling. A fifth amendment would prevent a practice of today which permits an individual to file a voluntary petition In bankruptcy, then be adjudicated as a voluntary bank rupt andr thereby automatically suspending the collection ot debts by Judicial process and then by falling to apply for a discharge repeat this process over and. over again. . ,i ... - Mr. Shealey, in speaking before a conference pt business men and lawyers in St. Louis last ' week. pointed out that when the present bankruptcy act was passed . in 1898, retailers sold almost entire ly for cash, but that now nearly 127,000,000,000 of retailers sales to the consumer are . tor open ac count or Installment credit. This condition has caused indi vidual bankruptcies to Increase nearly three times as fast as mer chant, bankruptcies. Knox Promoted In Guard Ranks Major Roy Knox of Portland was promoted to lieutenant-colonel In the.. Oregon National Guards, it was announced ' Wed nesday by Major-General George A. White.. Knox has been in the national jrard for 20 years and served overseas in the World war. He will be assigned as division ?iioSsciiiiEii Heads Taxpayer League's Drive on ! Referendum, . , 1 Consolidation Bill V Stating . that the unification system as devised by the state board of hither -education had wrought chaos in the hfgher ed ucational institutions ot the state. Percy Cupper, former state engln eer, announced . weanesaay tnat. at, the request of ' the Marlon County Taxpayers league, he would direct the campaign in the interests of . the two measures which the league is sponsoring namely,' the referendum on the legislative appropriation of II, 181,000 tor higher education and the School Consolidation .bill. "I have given the consolidation measure the most careful eonsld oration, said Mr. Cuppe!.- "The present financial situation calls for many readjustments in state affair, and while I appreciate that these changes should be brought about without unneces sary distress to persons or locali ties, the present chaotic condition into which higher education has been thrown makes this an oppor tune time to make the changes ehemical warfare officer of the 41st division, over which General White is commander. essential to the best Interests ef Oregon. . . ', . . .' " 'It le Inevitable that consoli dation will come as an economic necessity. The greatly reduced en rollment at . the college and un iversity this year make this a practical . certainty. The :, heavy tailing off occurs In the freshman classes, which are only about halt of .last year's, freshman enroll ment, indicating that . after the graduation of the present upper division classes, the total enroll ment may drop to one-halt of last year's enrollment- Under ' these conditions, the consolidation plan may . operate to the -ultimate bene fit rather than - the detriment of Eugene oa , the theory . that a strong teacher's college,, will at tract more students than half i university. - A strong teacher's training-school such as the bill provides for' at Eugene, utilising the university buildings,. is essen tial in order to raise, the present low standard of our. - normal schools. '' "It should be remembered that most Oregon children 'do not at tend college, and the elementary training la therefore of prime im portance. I am convinced that the Junior colleges at La Grande and Ashland will have a greater en rollment than the present normal schools at those points, thereby increasing their efficiency, as rec ommended in the federal survey report. Surely there are more stu dents tributary to these schools who desire college training than teacher training."- BTEIEPIE rinding a man to replace Char lie Cobb, tackle, will be Coach "Clipper". Smith's . biggest . indi vidual problem at North Carolina l State college this season. illES OFFICERS PERRYDALtV Oct It. The errydale ' Telephone company held its annual meeting Jast night n the high school auditorium. All officers were reelected for the coming year: President. Cv L Gil son; vice-president. William Sta ple ton; secretary-treasurer, Mrs. H. A. -Lee. Mr. Stapleton will be lineman as in the vast. Mr. and Mrs. Andrew Campbell spent several days last week at the Pacific - International Livestock Exposition In Portland. Mr. Camp bell is always interested- In. tine stock, having one ot the most up- to-date dairies In the connty. He has a fine herd of registered Guernsey cattle. Takes Doc for QwaU "Doc" a purebred white Collie belonging to Ray Mitchell; was shot by a careless hunter who said he took .the dog for a quail. "Doc was highly valued as a stock dog as well as a family pet. Lodge Anniversary Will Be Observed At Woodburn Soon 1 lw2IlbkJ oooo We're M10I1 time (Great News foMF a5o & aGo The Greatest Savings of the Year We Offer You for These 1 1 1 1 WOODBURN, Oct. If. Home Rebekah lodge met for-the first time in the new Odd Fellows hall which when entirely furnished will make a fine lodge hall. The' anni versary, celebration which was postponed on account of the Odd Fellows hall being burned will be held at the next regular meeting November 1. The committee on arrangements la Miss Mabel Jackson, Mrs. Car rie Finch. Mrs. Laura Lives ay; re freshments, Mrs. Christina Math- leson, Mrs. Mabel Mendel. Mrs Hattle Peterson, Mrs. Mae Otjen Miss Nona Otjen. (Mis' Throughout this enormous stock of real quality merchandise you will , find in every depart ment, values that have never been equalled prices that are made possible only through our affiliations and tremendous volume, taking advantage of every opportunity to bring to our thousands of customers, particularly at this time, the savings that every one has awaited So without fail be here Friday and Saturday. OUR FAMOUS PACEMAKER'S Nearly 200 fine suits and top coats, many from our regular high grade stock and many purchased from manufacturers in distress at far below their actual worth. Fine all wool worsteds, cassimeres, tweeds, etc. Finely tailored in every popular model. Here they are in this great selection at a most astounding value: Others from $10.75 up Shirts The Champ. Fine, plain color broadcloth, fuU cut, ex-well made and really frQ 1.00 a $1.25 value. Now. King PhlHlp Shirts. Best make. Plain colon. Finest broadcloth . . . Hats Hardeman Best in the West Just in, these new smart styles and finest for felts. AH styles, all colors & a Reg. $6.00 value. Others O QC at 2.95 up 0OD Oxfords The Famous Fortune make, finest leath er, black & tans. AH newest styles. Am oxford that never before sold OCA for less than 5.00, Now OeO V - Leather Jackets THE MOST COMPLETE SELECTION .IN SALEM. HUNDREDS TO CHOOSE FROM. Q AC ; o.vu CHOOSE YOURS NOW up Trench Coats FINEST MAKE IN MOST POPULAR STYLE. A REAL COAT FOR FALL WEAR 3.50 OUR Eft Tin E BOY'S DEPT. OFFERG THE GREATEST OF SAVIMGS EVER FOR THEOE TWO DAYG . Boys' O'Coats All Wool Blazers Boys' Leather Jackets . . . . , i Boys' med. heavy, and a real coat for Horse hide & suede. These are real Finest aU wool tweeds, cassimeres, che- JSuv a QC coats and never before 6 A A viots and others Every one the newest $1 .95 at this low price-, $443 np and most exceptional fo nr BWJM r values VO.VOxiv - : - Fine Broad Cloth Shirts : : f Boys9 Cords Boys' plain & fancy colors. Wen Aft Boys' Tweed Pants Light & med. shades, good weight and Pa and a real bay. Now Tans & greys, newest style. Every boy a real cord for wear. Ex. Special . , Boys' Sweaters , TL $1.95 SLOP others to $2e95 SLOjj EXTRA SPECIAL ON WORK CLOTHED FRI. 8 OAT. Men's Stag Shirts Overalls Heavy wt. cruiser style Boss of Road make and d0 QC C11' Buat Em Bos h Road, heavy QQ a Reg. $6.50 shirt. Now Extra Special J D blue, union made. Now Ex. SpedaL.. .Oe7 1 Santas $2.95 : , $4.sonT, : lir D 7i . n . , Can't Bust 'em Cords N Water Kepellant Coats , Light & med. shades, heavy wt. Somt slightly lmpe- Extra well made and Reg. 6.50 value. OA QC feet. Cl OC CO AC Now Special L trie7 J Ex. Special . - . OA JuU others vJJ np Coat Sweaters " Golf Coats All wool, brown and green ' 41 9Q Gentiine alligator. AH shades and a . Clt Af heathers. Ex. Special ..i:. - V real coat for golf. Now ' , , UeUil, Dont fail to see our window of yjft j7 yffJ ff?) SiF &JLleia Leading Uea'js Stort the Dog Family Made from- lJMiJ : 1 " 7Mf ' 'S - Bishop's famous yarns. rciXmilNQ'001JIS MIHO PTOSIS v'J" ; ' ' Opea Till ' - 1 ... I- SHIPLEY'S ODDS AND ENDS SALE STARTS 9 A.M. THURS, FM. SAT. You WiU Profit By SHOPPING EARLY We Cannot Re-buy To Sell At These Prices There is just one statement necessary THIS IS a SHIPLEY SALE! WOOL SKIRTS Made jf the heavier ma terials ideal to wear with leather coats. $11.95 Knitted Dresses Fine for school and of fice wear, no we haven't made a mistake, the price Self Serr ice Section SILK DRESSES Odds and ends of silk crepe dresses, all on one rack, choice COATS . New Fall materials In black, with lavish fur collars and fur cuffs. 09.65 SWEATERS Kiddies' pullover and coat style sweaters, hea vy and medium weaves. SOFTIES . Berets, tams and wool hats, all of our higher priced styles included WOOL FROCKS There are two racks of these stunning fall cre ations, wonderful values. 04.75-09.75 SILK DRESSES A few old dresses in printed silk crepe de chine, we will clear them out at $2.95 BLOUSES Odds and ends In wrap around blouses, silk 65c, 2 for $1; Cottons 35 3 for $1.00 -BAGS Genuine 1 leather bags with coin purse and sip per compartment. ' : ' HATS Ladies' new winter hats, the brims go up, the -price goes down $31.95 Leather COATS Our entire rack of leath er coats in suede and capeskins, choice $4.95 v SWEATERS Women's sweaters, high colors, round and V-neck pullovers. Choice ' $E.G 95c KNITTED SUITS All odds and ends in our knitted suits grouped on one rack for f $2.95 UNDIES A whole table of odds and ends, we cant tell yon ereirtblns that will he there hat there are ray on erepe slips, rayon pan-' . ties, steplns both tailored and lace trimmed, and oodles, of other tittle dainties. Choice Kiddies' UNDIES Odd lot of cotton union suits, rayon panties, step ins,' etc ; : '8 for $1.00 mm