The OREGON STATESMAN, Salem, Oregon, Thursday Morning, Blay 30, 1935
PAGE THREE
er
set
Local News Briesf
Deen mea dt tne uasuauy insur
ance company admitting that the
wife of E. O. Price, who is sains
the company, had a diamond ring
but denying that the ring was
worth 1500. The company admits
that the plaintiff gave notifica
tion that the ring was stolen and
that the plaintiff later wrote a
letter to that effect but other
wise denies he complaint except
that the plaintiff had a burglary
Insurance policy. It was alleged by
the plaintiff that hia home was
burglarized and the ring stolen
and that the insurance company
has refused to pay on the policy.
$3.95 Dress Special. The Fashion
ette. I
" Pledgee Gil ette A former Wil
lamette student, Leland B. Gilette,
who Is the son of Mr. and Mrs.
S. B. Gilette, 205 South Com
mercial street, has been pledged to
Alpha chapter of Alpha Sigma Mu.
national honorary society, at the
Michigan school of mines where
he has been studying on a scholar
ship. Before going east Gilette
spent two years at Willamette and
one at Oregon State.
Flowers for Memorial Day. Sweet
peas, 25c bunch. 1400 Edgewater.
Housing Funds Received A to
tal of $254,000 has been approved
by the war department for hous
ing improvements at Vancouver,
Wash., Governor Martin was ad
vised yesterday by Brigadier-Gen
eral E. A. Collins. Collins said an
additional $99,600 probably
would be available later. These
funds, which are part of the war
department housing program, will
be used for construction of new
quarters for officers and men.
Math Club Elects The Mathe
matics club of Salem high school
elected James Cole president dur
ing the last meeting of the dub
held this week. Others elected
were Warren Biggerstaff and Lee
Andrews to the advisory commit
tee. ' Retiring officers are: Presi
dent, Dick Smith; vice-president,
Marjorie Craney; secretary, Kath
ryn Boyle.
McLean Files Suit Action has
been filed in circuit court by T. E.
McLean against School District
No. 96, Sunnyside, for $324 he
alleges is due him on a contract
for transporting students to Sa
lem high school from that dis
trict. His contract, he says, called
for $27 a pupil for the year and
that he carried 27 students for
which he has not b t:n paid.
Luggage Sale, 20 off. Shoe re
pairing. Shafer's Leather Goods.
Patton Sale Reported Con
firmation of the sale of the stock
of the Patton store here was made
in probate court here yesterday.
James L. Cooke was the purchas
er of the stock for a total sum of
$4850, $3000 being paid in cash
and the balance in monthly pay
ments with interest at 6 per cent
on the deferred obligation.
We are in the market for Roy a!
Anne and Black Republican cher
ries for ca9h. Willamette Valley
Prune Association.
$ 13,300 In Estate The, estate
of the late Margaret Moisan has
an estimated value of $13,300 ac
cording to preliminary papers
filed yesterday In probate court
Alex Moisan Is administrator of
the estate. Personal property left
by the deceased has an estimated
value of $10,800.
Want Bond Bids The state
bond commission yesterday called
for bids on the purchase of Ore
gon bonds or bonds of any county
in the amount of $400,000. Bids
will be opened July 10. The in
vestment will be made with funds
of the state industrial accident
commission.
Bonus Board Meets The state
bonus commission held a meeting
yesterday with Edward E. Kel
ley, Med ford. In attendance for'
the first time. Kelley was appoint
ed a member of the commission to
succeed Senator Walter Fisher of
Rosebnrg.
Final Report In Final report
was filed here yesterday In the
estate of the late Bertha Titze
whose property has been admin
istered by Albert Titze. Cash in
come to the estate was reported
at $4187 and outgo at $3284.
Obituary
,r" '-Brewer
Ronald Brewer, in th.s city,
May 27, at the age of ?8 ears.
.arrived b, mother, Mrs. Grace
L. Bt-ewer of Pendleton: two
brothers, Channcey of Jaston,
Ore., ' and C E. of Hugo. Ore.
Funeral annou- cements te by
Clone- BarriO- company.
Kendoll
George W. Kendoll, at the resi
dence, 895 South 21st street. May
28, aged 65: years. Survived by
widow. Sarah Jane Kendoll of
Salem; two daughters, Mrs Ruby
Mull and Mrs. Lena Victor, both
of Salem; three sons, William O.
Kendoll of Goble, Ore., Merle G
Kendoll of Portland and Byron
T. . Kendoll of Salem. Eleven
grandchildren also survive. Fu
neral services Friday, May 31, at
2 p. m. from the Clough-Barrick
chapel. Rev. Guy L. Drill, offici
ating minister. Interment City
View . cemetery. Members of the
Woodmen of the World will be
pallbearers.
FLOWERS
OLSON, Florist
Court and High, Phone 7104
; INSURANCE
Merrill D. Ohling
Phone 9494 4
New Location, 273 State St.
Says He Hide Wealth In her
yeply to the answer of Frederick
Bueermann made in response to
her suit for divorce, Mrs. Bueer
mann. declared in circuit court
yesterday that her husband's
worth was about $30,000 while
her own gross income from invest
ments was only $170 a year. She
demands that he pay her support
money and suit costs during the
pendency of her divorce action.
She alleges that Bueermann has
transferred some of his property
to children by a former wife to
keep her from laying any claim to
heavy second-hand harness,
$32.50. Shafer's Leather Goods.
Fisher Estate Pays State
inheritance taxes aggregating
$344.88 have been paid by the
estate of the late Henry Fisher,
according to a report filed here
yesterday by Fay Sherman, execu
trix of the will. She is the prin
cipal heir, feceiving a legacy of
$11,163. George Fisher, a brother
residing in Seattle, Wash., was left
$1000. The bulk of Mr. Fisher's
property was In warrants of the
City of Salem. The gross value of
the estate was $14,124.
We are in the market for Royal
Anne and Black Republican cher
ries for cash. Willamette Valley
Prune Association.
Lions Xot Meeting Salem
Lions club will not hold its cus
tomary noon luncheon today. Next
Thursday the clubmen will hear
reports on the district convention
from their delegates. The conven
tion will be held Sunday, Monday
and Tuesday at The Dalles. Led
by Oscar D. Olson and Ralph
Kletzing, the Salem delegates will
present a schoolroom comic stunt
Tuesday night in the stunt com
petition. $1.00
ette.
Hat Special. The Fashion-
3 Rooked at Hall Three viola
tions of local traffic laws were
booked yesterday on the police
blotter. John Bright, 18S7 North
Front street, was charged with
speeding; Charles Lewis Erickson,
387 Mission street, was booked
for not possessing a driver's li
cense; Harry Melton Wesely, 1530
North 19th street, was charged
with reckless driving.
Cut Flowers arid Plants for Mem
orial Day. Jay Morris, Florist.
Tel. 8637.
Skating Party Young people
of the Jason Lee Methodist church
and the Episcopal church are joint
sponsors for a skating party to be
held at Dreamland rink Saturday
night, June 1, with young people
of all Salem churches invited to
attend. Bob Hill is general chair
man and Don Douris, publicity
chairman, for the event.
Want Utility District Peti
tions were filed with the state hy
dro-electric commission yesterday
seeking the creation of the Wick
iup peoples utility district in Clat
sop county. An election will be
called within 60 days. The district
contemplates construction of a
distribution system. The project
has an assessed valuation of
$830,000 and a population of
1600.
Jones Estate In The estate of
the late Jerome F. Jones who died
here May 26 was admitted to pro
bate at the courthouse yesterday.
He left personal property with an
estimated value of $2400. His
wife and two daughters. Mrs.
C. Smith, Salem, and Mrs.
Christine C. Starr, Yakima,
Wash., are heirs.
Answer Call A fire In the
home of Lyda Andrews, 1440
State street, yesterday morning
brought a truck from the East Sa
lem and downtown stations. Two
boards in the interior of the wall
of the house caught fire from a
furnace register nearby. The blaze
was quickly extinguished with
only minor damage done.
Gets Scholarship Lorrain Shel
don of Twisp, Wash., senior In
economics at Willamette univer
sity, has been awarded a service
scholarship at New York univer
sity. She will leave for New York
during the summer. Her work will
be special study of department
store methods.
Adult Education
Program Closing;
Resumption Eyed
Adult educational work, con
ducted throughout the state this
winter as a part of the federal
relief project in Oregon,, will be
brought to a close this week. It
will probably be resumed this fall
although the full plans for the
relief program In the state in
1935-1936 have not been com
pleted.
Enrollment in the classes con
ducted for adults has totaled 13,-
000 with 735 different study
classes organized. Six hundred
and sixty previously unemployed
teachers found work in the pro
gram" which was under the direc
tion of C. A. Howard, state su
perintendent of schools.
SEAT
Datable fab
s 89c
rics ea
11.59.
WRENCH SETS
ft a.ca aaJ
69c
wnitbn ia Ml
12 differ-
FLASHLIGHTS
P1RIV ftaf
y ' ft
AaMeWart
aVhinc Dur-
CM F0Raa?Y
abl.,
aaulitjr.
EHEKGENCr.
Center and liberty, Phone 9144
TAX nilBiTO
BE
Neet Recommends Machine
System to Grand Jury
and County Court
Marion county's tax collection
accounting machinery will be
made tne most efficient and mod
ern in the state if recommenda
tions made by the sheriff's office
here meet with the approval of
the grand jury and of the county
court.
A major change proposed by
L. E. Neet, deputy sheriff in
charge of collections of taxes, is
the installation of a bookkeeping
machine to record all tax charges
In a looseleaf ledger system. In
stead of utilizing large bound
books for each year of taxes the
ledger will record the taxes cumu
latively so the inspection of one
ledger card will show the aggre
gate of taxes assessed and paid on
any specific piece of property.
Control Ledger Planned
With the ledger system there
will be installed, if the new tax
accounting plan is approved, a
general ledger setup for the con
trol of the tax accounts receivable.
With such a system- the tax col
lection office can tell at all times
the aggregate amount of taxes
levied and unpaid in the county.
Another improvement proposed
will be the installation of a cash
register with which to receipt tax
payments. This register will list
all payments made and total them
and will be used to check against
the ledger statements.
At the present time tax collec
tion accountants must work
through as many different books
as there are rears of back taxes.
To avoid this chore when the tax
payer comes to the courthouse to
make his payment, the tax collec
tion department has prepared tax
collection statements which list
all the current and back taxes
due from a property owner. Du
plicates of these statements are
kept for reference when the tax
payer presents his moneys.
State Officials Encouraging
The auditing department of the
secretary of state's office aa well
as the state tax commission is
encouraging the sheriff with his
plans here. Both are hopeful that
Marion county can work out a
plan which will be a model of ef
ficiency and one which other coun
ties can adopt.
SILVERTON, May 29. Spe
cial honor was paid to Lynn John
son as the outstanding boy and
kvelyn btewart as the outstanding
girl of the senior class here Wed
nesday night at commencement
exercises. No higher honor can be
accorded a graduate of the Silver-
ton high school than this that was
won by these two of having their
names Inscribed on the T. N. T.
honor plaque.
Americanization and character
honors brought the names of Ed
ward Bilyeu to be the first one
engraved on the new honor
plaque, the gift of the Delbert
Reeves Post of the American Le-
ion.
Herman Kramer, principal of
the senior high school awarded
honors and Robert Goetz, super
intendent of Silverton schools pre
sented the diplomas. Dr. F. Mac
Gruder of Oregon State college
was the evening speaker.
President Sends
Floral Spray to
Mclntire Funeral
A large flower spray from Pres
ident and Mrs. Franklin D. Roose
velt was among the many floral
piece's placed at the Clough-Barrick
chapel yesterday afternoon
for the funeral of Mrs. Addle F.
Mclntire, whose son, Dr. Ross T.
Mclntire, is the president's per
sonal physician.
Out of town members of Mrs.
Mclntire's family who attended
the services were a daughter, Mrs.
Douglas Dodd of San Francisco;
a son, Floyd Harvard Mclntire of
Portland; and sisters, Mrs. Olive
Gilson of Lebanon and Mrs. Ellen
Allebury of San Diego. Dr. Mcln
tire was unable to come because
of pressing duties at the national
capital.
New Members Named Gover
nor Martin yesterday appointed
Mrs. Esther B. Earl, Earl R. Good
win and Mark A. Mayer, all of
Portland, as members of the sold
iers and ;a!rrs commission. John
Guy Strohm and Eugene K. Op
penhelmer were reappointed mem
bers of the commission.
MALLORY
Crav&nette ,
HATS 4 5
EMMONS, INC !
426 State
COVERS
GOGGLES
BaalgeggU
led yaar Sj KJ.
EXTENSION Uf.!PS
20fMiCM
98c
Haarfy area ad
haaa ar ga-
raga. .
MID
HONORS 1HCED
AT COMMENCEMENT
s
IJ
V ,. "XT'
WEDGE CUSHIONS
79 c
4
yv AUTO SUPPLY
V & SERVICE STORES
JiidgetoSpeak
pi'VfeMaaajewarM
Edward F. Ashurst of Klamath
Falls, judge of the 18th district
in Oregon, is a colorful member
of the bench in Oregon. He will
speak at the annual banquet to
.be held here next Saturday
night in the Masonic temple,
celebrating the 51st anniversary
of the Willamette university
law school. Justice James F.
Ailshie of the Idaho supreme
court and Justice James U.
Campbell of the Oregon su
preme court will also speak.
ES
Early restoration of the archives
in the secretary of state's offices
here is expected with mcst of the
priced volumes already on file in
his new offices in the state office
structure or being repaired and
indexed by the state library pre
paratory to filing.
Most of the volumes in the ar
chives came through the fire un
scathed; those that were damaged
or destroyed are to be replaced.
Included in the official docu
ments are the senate and house
calendars, messages of the gover
nors, session laws and supreme
court reports.
Some additions to the archives
are to be made by the secretary of
state's office. Included in these
additions will be the journals of
the 19th session of the legislature
which wa3 scheduled to meet in
1897. Actually the house and the
senate did not organize so no jour
nal was printed by the state; how
ever such proceedings as the leg
islative body did take were print
ed in the form of public document
No. 62 of the 58th congress. The
secretary of state's office has
written to the librarian of con
gress for this document which will
be added to the archives collec
tion. New cabinets have been pre
pared to house the archives in the
state office building and the fire
proof condition of that structure
will give them fairly adequate
protection from fire.
CAPITOL PIT IRE
Only 79 votes constituted the
majority by which Salem was des
ignated the capital city by popu
lar vote in 1864, records unearth
ed yesterday by Ralph Moody, as
sistant attorney general, revealed.
The election was held July 6.
Salem received C108 votes wfth
Portland the runner-up with 3864
votes. Eugene, then known as Eu
gene City, received 1588 votes.
Scattering votes totalled 577.
Corvallls polled 189 votes, Astoria
1, Oregon City 10, Springfield 6.
Marion county cast 14 43 votes
for Salem and 13 for Portland.
Multnomah county polled 1317
votes for Portland and 21 for Sa
lem. The vote tabulation was signed
by Governor Addison Gibbs.
SODALITY WINS
MT. ANGEL, May 29-The Soda
lity chalked up another victory
when it defeated the Knights 3
to 2, in a city league game at the
Ebner hall park Monday evening
Both sides played good ball. Batt
eries: Sodality, May and Beyer;
Knights, Kehoe, Bean and Hassing
Da ve j s Return Mr. and Mrs.
Frank Davey have returned for a
visit of several days' duration in
Portland.
That's Fire Resisting, Colorful
and Guaranteed
Free Estimates - Pbone 4642
Salem Paint & Roofing Co.
(VEB.N MATHIS)
The Yellow Front, 474 Ferry
Successful Ancient Chinese
Herb Remedies Guaranteed
for Bladder, Kid
ney, and Urlnarj
a a d Bronchitis.
Disorder. Consti
pation. Appendi
citis and Tumors,
Neuritis. Asthma
Rhiomtt Ism,
Throat, and
Glands. Skin DIs- 8. B. Fong
eases. Positive Removal of Liv
er and Female Complaints, Sto
mach, Gallstones and pains of
male, female and children, all
no operation.
CHARLIE CHAN
S Tears Practice In China
Chinese Medicine A Herb Co.
123 N. Commercial St., galea
Iteily Office Hours O to O p. m.
Sao. and WecL. O to 10 a. m.
1 10
BE RESTDREO
BARE 1 JUT
A ROOF
PI
EM
SIGHED
Highway Commission to Get
New Request for River
Front Scenic Spot
Petitions bearing signatures of
many Polk county and Salem res
idents and asking that the strip of
land between the highway and the
river in West Salem be purchased
tor a state park will be presented
to the state highway commission
within a short time by a group of
West Salem men led by Colonel
C. A. Robertson and a delegation
from the Salem chamber of com
merce. With only two blocks left along
the water front on the Salem side
of the river, boosters to make the
strip on the West Salem side a
park hold that if this matter is not
taken up soon the last chance for
a desirable river-side recreational
center will be lost.
The strip which the petitions
ask the highway commission to
secure is about a mile long,
stretching from the county bridge
to the tracks near the west en
trance of West Salem.
Ruling Reversal Hoped For
The matter has been discussed
with the highway commission,
which body has held that it does
not want to set a precedent in
buying property for park purposes
in an incorporated city, accord
ing to Colonel Robertson. How
ever, backed by the petitions, the
sponsoring groups hope to see a
change of heart on part of the
commissioners.
Robertson estimates, what with
donations probable, the commis
sion could buy the lots along the
river bank now for about $30,
000. He holds that it will cost,
within a few years when plans
are made to widen the now 60
foot highway throikgh West Sa
lem to an 80-foot one, fully that
amount for additional right of
way alone.
Another factor which the peti
tion bearers will present to the
highway commission is that when
development of the Willamette
river comes, as now in sight, val
ue of the land will soar and it
will not be possible to purchase at
the cheap figure possible now.
Robertson himself sometime
ago offered to donate for the
cause several hundred feet of land
he has on the upper, or Kingwobd
Heights, end of the strip.
SIX COUPLES SEEK
LICENSES TO WED
Marriage license business con
tinued to be brisk yesterday at the
courthouse with the customary
"'spring rush" asserting itself. Six
couples applied for licenses. They
were:
Ernest D. Pearson, 21, Turner,
a farmer, and Pearl Kivett, 22,
Newberg, a student.
Frank Butler, route one, Sa
lem, a farmer, and La Verne Hol
land, route one, Salem, a house
keeper. Dale Miller, 26, Scotts Mills,, a
farmer, and Alma Staff ird, 21,
Scotts Mills, a housekeeper.
Joseph A. Buhr, 31, route two,
Woodburn, a farmer, and Gene
vieve Prantel, 22, Mt. Angel, a
housekeeper.
Robert W. Goodrich, 23, route
three, Salem, a salesman, and
Dorothy E. Salchenberg, route
three, Salem, a student.
Dwight H. Soken, 26, Salem, a
gardener, and Helen K. Gosser,
20, West Salem, a waitress.
PROJECTS GROUP CALLED
An important' meeting of the
Willamette Valley Projects com
mittee has been called by Douglas
McKay for 2 o'clock Friday after
noon at the chamber of commerce
here.
Sukiyaki Dinner
Also American Dishes
How get there? You walking
down Commercial street to
Fits fishing market then you
stepping upstairs. There we
are.
It A. M. to 2 A. M.
Services at
lb 'ibb i iiiit!' man
Checking Accounts
Savings Accounts
Time Deposits
Loans of All Types
Investment Counsel
Bank Money Orders
Travelers Cheques
Safe Deposit Boxes
And, of course, there are many other services, so that the
largest and the smallest banking requirements are fulfilled
with equal efficiency.
D. W. EYRE -L.
C. SMITH - -
Salem Branch
ot the
United Sfateis National Elanl.
ot'Porttond
Head Officet Portland. Oregon
Coring Evenls
May 81 Norwegian ma
lic program arranged by
Mrs. J. A. Sholseth in - 3T.
M. a A. lobby..
June 1 -51st anniversary
of Willamette law school
observed . with " banquet at
Masonic temple.
Jane 3 Salem high
school baccalaureate serv
ice, Elslnore theatre.
Jane 2 Picnic Bftrion
Polk Federation Commun
ity clubs, Silver Falls state
park.
Jane 4-5 -Pacific Coast
Association of Nurserymen.
Jane 6 Musical program
arranged by Lena ilr.j Dot
son at Y. ML. C. A.
Jane 7 Salem high
school commencement.
Jane 10 Willamette
university commencement
and inauguration of Presi
dent Baxter.
Jane 12-14 P. E. O. state
convention. .
Jane 14 Tc T. M. O. A.
lobby, musical program ar
ranged by Mrs. Henry Lee.
Jane 17 City school
election.
June 1718 Oregon
Bankers association.
Jane 28-29 Northwest
Association of Dairy Milk
Inspectors.
June 80 Missouri state
picnic
Jane 25-30 Annual Or
etron conference Methodist
shurch.
July 5-6 Oregon State
Archery association tourna
ment, Ollnger field.
11
LEU
E
Nearly 100 pastors, superinten
dents, officers, teachers and lead
ers in the Central - Willamette
Baptist association met at Calvary
Baptist church here Wednesday
for an all-day session with the
Christian Education caravan, con
sisting of three national directors
and two state leaders.
In charge of the three meetings
was T. H. Hagen of Portland, di
rector of Christian education for
the Oregon Baptist convention.
Rev. C. S. Tunnell of Portland,
professor of religious education
in the Western Baptist Theologi
cal seminary, addressed the group
meeting last night.
The three national members of
the caravan, which will be in Eu
gene tomorrow before going in to
northern California, are Richard
Holland, director of young peo
ple's work for the American Bap
tist Publication society; Miss
Pearl Rosser, director children's
work; and A. J. R. Schumaker, di
rector of leadership. -MyjS Louise
K. Hunderup, Portland, director
of children's work for the state
convention, served as one of the
resources leader, and D. E. Hatt,
manager of the Seattle branch of
the A. B. P. S., had charge of the
book exhibit.
Enlistment Now
Open for Hawaii
Service in Army
Applications are being taken by
Sergeant Lee B. Mable, Salem re
cruiting officer, to fill vacancies
in the Hawaiian Islands United
States army service.
Vacancies are listed as follows:
Infantry 25, field artillery 5,
coast artillery 5, engineers 5,
quartermaster corps 2, medical
department 2. No enlistment will
PILESCDRED
WIttoat pntlOB oi leu ot tins
DR. MARSHALL
Oraioa Bldf. Fboa 650
Insurance and
Real Estate
Becke & Wadsworth
189 N. High Phone 4947
Your Disposal
. - - Manager
- Asst. Manager
1
BAPTIST
S MEET
1
Power Company Progresses
In Program of Financial
Reorganization, Reported
V The Portland General Electric
company is far along the road ot
financial re-organization which
should assure its freedom from
problems ot meeting maturities,
paying heavy Interest charges and
avoiding court actions all mat
ters which have greatly concerned
the corporation the last threa
years. Such was the word brought
to Salem yesterday by representa
tives of the company who are
working out the final details of
the company's financial program.
The final step in the adjustment
should come by July 1, 1935,
spokesmen for the company said.
By that time holders of 16,482,
000 of the underlying 5 per, cent
bonds of the company are expect
ed to have acceded to the exten
sion since 60 per cent of the re
quired 90 per cent of .these bond
owners have already approved the
protected plan for extending the
maturity dates.
To Extend Issues
Under this plan the Portland
General Electric company Is going
to extend its $6,482,000 underly
ing bond issues to July 1, 1950.
The principal, which is due July
1, 1935, will be paid out of a sink
ing fund thereafter to bet set up
each six months by the manage
ment of the company. The bonds
will be callable at the price of
fered by the trustees as soon as
the pending refinancing program
is accomplished.
The preliminary step toward
be made on this group of vacan
cies after June 30.
Complete information can be
obtained from Sergeant Mabie,
who is located in the postoffice
building.
7
I,
Economic tides are running in
favor of Oregon, said Frank Mc
Colloch, public utility commis
sioner, in addreasing Salem Rotar
ians yesterday. It is important
that there be no political experi
ment station and boat-rocking to
kill the effect of these tides and
prevent Oregon from making rap
id progress in the next six to eight
years. Speaking as a native of
Oregon, who through residence
on both sides of the mountains
had intimate acquaintance with
the state, McColloch commented
on the advantages and the draw
backs which Oregon had had.
Comparative d e v e 1 o p m e nt of
neighboring states has been more
rapid, he said.
Now, with new power develop
ment virtually, at tidewater, there
open opportunities for attracting
industries and promoting develop
ment. The range for economical
power transmission is about 200
miles, and that means, he said,
that western Oregon and the Wil
lamette valley should profit most
SPECIAL
Our Usual Wave, Complete 75c
Perm Oil ff .50
I'ush Wave,
Complete - - -
Phone SG63
30? 1st Natl Bank Bldg.
f CASTLE PERM. WAVERS
DON
ROCK
BO
M CQLLOCH
PLEADS
CHERRY GROWERS ATTENTION
Si
cash
Now Contracting For Our Requirements
IE. ID). OHDILE S.
TERMINAL ICE & COLD STORAGE CO.
Salem
Worth Safeguarding
Ths Pacific Telephone
740 State Street
extending the underlying bonds
was securing consent of 85 per
cent ot the bondholders for the
140,000,000 first and refunding
mortgage debt on the company.
The benefits to accrue from such
a consent were so quickly seen
by the bondholders that more than
90 per cent signed np for the new
arrangement.
Pepco Secure Release
- The Portland Electric Power
company owns the voting stock in
the Portland General Electric
company. The former has secured
a five-year release from paying In
terest on the $16,000,000 inden
tures It has issued.
With the threat of court aetlon
almost entirely gone due to these
readjustments with bond credi
tors. Franklin T. Griffith, presi
dent of the Portland General Elec
tric company, feels the utility Is
on a sound financial basis.
All three not Issues or bond Is
sues will bave been taken care of
July 1, 1935. The $16,000,000 de
bentures of the Portland Electric
Power company wl have been
placed on an income revenue ba
sis. Holders of bonds secured by
the first and second mortgage for
$40,000,000 are content to waive
the requirement that the $6,482,
000 of underlying mortgages be
paid when due while the holders
of the latter are agreeable to a
15-year extension with their bonds
paid off on an amortized basis
within that period.
by Bonneville development.
Industry is attracted to cheap
power; but it wants also a settled
policy on taxation; and fair treat
ment from government. Conse
quently, in the judgment of the
commissioner Oregon should not
engage in political bushwhacking
to frighten away industries now
drawn here by the Bonneville de
velopment. for
Royal Anne
For Barreling
Phone 3616
This touxc man has every inten
tion of growing up big and strong.
But sometimes a fellow needs
help. A doctor, or the messenger
from the drugstore. The telephone
is always ready. And everybody,
big or little, is safeguarded and
convenienced by its presence.
and Telegraph Company
V Telephone 3101
Friday
Feature
REMNANTS
price