SONDAY, MAY 1, 1922.
COAST
BANKING
CONDITIONS ARE
BETTER,
TWO P1ILACHEKS SOAR TOWA RT) avpm
THE CAPITAL JOURNAL, SALEM, OREGON
PAGE FIVE
It h t V
r-
J.
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Francisco. May 1. Bank
J conditions In the Twelfth
federal Reserve district contin
' t0 improve, John Perrln, San
Lncisco, federal reserve agent,
declared in his monthly report
made public here today.
"Borrowings from the Federal
Seserve Bank of both city and
members combined fell
from $1 106,000 on March 8 to
U9 025,000 on April 12, a decline
, 112,081,000, or 19.7 percent.
This reduction was accomplished
,t least In the case of the country
member banks at a season of the
,ear when the requirements of
Llr customers are unusually
heavy, and Indicates a growing
ability on the part of these banks
to meet customers' needs without
lecuring outside assistance.
Building Activity Grows
"The most striking Industrial
development In recent weeks is
the record activity In building
operations. Figures of building
permits for March were, In point
vaiue, tlie largest figures ever
reported in this district, exceed
ing the previous record month
of October, 1921, by 17.5 percent
Compared with the month of
March a year ago, this year's fijt-l
ires exhibit an Increase of 49.9
percent in value and 14.7 percent
In number, indicating a perioa
of unusual activity in construe'
tlon Jines during the summer and
tall.
"Among other Industries of the
district lumbering la the most ac
Uve. Production during March
was approximately 90 percent of
normal, the highest percentage
reported by this lnductry in the
past 16 months. New orders re
teived by mills in the four prin-
inal lumber associations were
U.i percent greater than March
production.
Farm Outlook Good
"Agriculturally, there have
been few new developments dur
ing the month. In many sections
the winter season extended well
Into March and farm work has
lene delayed from two to three
weeks. The winter wheat crop
now appears to be in better con
dition than on December 1, but
It is not expected that the re
cord crop of last year, 78,000,
00 bushels, will be equalled.
The present outlook for the decid
nous fruit crops of the district
Is excellent, with the exception
of apricots, the yield of which ha
been reduced as much as 60 per
tent In some sections by attacks
f brown rot and killing frosts.
Preliminary estimates of cotton
tnd sugar beet plantings indicate
I slight increase in acerage of
(otton In the principal growing
lections and a reduction of ap
proximately 25 nercent in t'"
icreage of sugar beets, compared
itu last yeui'. ir i'icfca of agricul
tural products, while they . have
lot continued the steady gains
which characterized their move
ment in -the first two months of
fce year, have fluctuated at levelf
ippreclably higher than those , of
January 1.
Eetail Trade Slumps
"An increased demand for un
billed laborers, partly seasoned
rod partly due to greater pro
tective activity in the district
las Increased the number of men
'ip!oyed and all stages report
rtat the peak of unemployment
ls apparently ben pasesed.
'"irade at retail during the
month was 6.2 percent less In
'aiue than In March, 1921, but
the comparison loses much of its
Isnificance when it is remember
i that Easter buying occurred
l March last year and will be
krgely reflected in April sales
"is year. After maklncr due al
lowance for declines in retail
trices of from 5 to 10 percent
ner the year period It is prob
He that the physical volume of
business in March, 1922, was at
least equal to that of March. 1921 3
t Wholesale trnria in p-onornl $
as dull, and did not compare
favorably with 1921 figures eith-
' in value or in physical vol-
"Oe of soles.
t V
TWr. , .... :. x 2
v mt mum) ' 1 i .' I-
tSLik
nearer h, tge :"? Aspiration from a little
First Baptist church o Fort Worth an? n J0ad0-'' palto' of the
pastor of New York'. n.," S V.T- James .Roach Straton,
, . .v. . j wayiiHl UUUrcn. aCflftnt Art ha nv totU.
ays and took an airplane flight over Gotham.
MILK SHAKES AND MALTS
. HELD EXEMPT FROM TAX
Collector Huntley has just re
ceived a ruling from Washington
to the effect that the tax of 2
cents a gaMon era still drinks does
not apply to milk shakes or malted
milks. Proprietors of soda foun
tains have heretofore been in
structed to keep a record of each
glass of milk shakes and malted
milks sold by them and pay a tax
of 2 cents per gallon thereon. This
latest ruling, which is based upon
tha theory that drinks of milk are
articles of fopd, will relieve soda
fountains operators from the ne
cessity of keeping a record of such
sales.
The tax of 2 cents a gallon ap
plies to lemonades, orangeade,
fruit punches and other similar
drinks mixed or prepared with
still water as distinguished from
carbonated water, and dealers
must keep a record of each glass
sold and pay 2 cents a gallon
thereon.
FEDERAL EXPERT HERE
TO VIEW FRUIT TREES
C. F. Kinman, assistant pomol
oglst United States department of
plant industry, called at the Ore
gon Growers office Saturday on
his way through the prune- grow
ing sections of the state.
He is now making a second tour
of all of the important prune pro
ducing sections in (he United
States, preparatory to writing a
detailed government bulletin on
prune production.
Mr. Kinman said "the Califor
nia prune blossom season ia prac
tically over and very little dam
age was done by the frost, as was
tlrst reported."
No estimates can be niado of the
total crop for this year since the
reason is not advanced sufficie
ly to Insure a perfect set.
JEFFERSON GUN CLUB
WINS FROM SILVERTON
Members nf tVio Tnnn nn
composed of Joe Hampton,
"arold Looney, George Palmer,
wbert Looney, Jenki Simpson
oa Charles McKee, met the 311
Jerton club at the Harold Looney
'nn Sunday afternoon, where
Jy contested in a clay pigeon
,lloOt. Jeffpronn .v. .
- . triug t.H O -)1U11C1.
boys Bay they will challenge
elub In the valley. Jefferson
Review.
Forest ,
uttuuuui assets
make them liabilities. Care-
lewn
with camfires is criminal.
Fish are reoprted coming out ol
i well drilled for oil in Califor
nia. Probably suckers who Invest
ed in the promotion tock.
VOTERS AT HUBBARD IN
FAVOR OF HIGH SCHOOL
Citizens of this community who
gathered at the school house last
Friday evening after careful con
sideration of the several large is
sues before this district bearing
directly , upon the continuation of
a standard high school in district
No. 15, at Hubbard, unanimously
concluded that it should be continued.
inis expression coming from
representative people who help
s lpport local and state institutions
of learning Is Just another ex
ample of what any common sensed
people will do when they fullv
understood the question at issue
The meeting specially called bv
the local board of directors, was
opened by the Parent-Teacher as
sociation for its regular business
during which hour folks enloved
a splendid program given by the
young rolks of the school. The
meeting was then turned over to
the chairman of the board of
directors, J. C. Moomaw, by
President McShane of the P.-T.
association who reouested that
the chairman of the board sum
marize the points to be worked
out at the meeting before asking
for general discussion on the
question. Hubbard Enterprise.
New Corporations.
No stock having preference or
priority over prior preference
stock shall hereafter be issued by
the Portland Railway, Light &
Power company, without an af
firmative majottty vote of the
stockholders according to supple
mentary articles of incorporation
filed with the state corporation
department here Friday.
Articles of Incorporation were
filed by the Independent Banking
company of Portland, capitalized
at $5000. The fncorporators are
Basil B. Hagjinicopulos, James
Idlnopulos and George Idlnopulos.
Articles were also filed by the
Brookings Athletic association of
Brookings, Curry county, with a
capital stock of $145. The in
corporators are Daniel Thomas, H.
B. Plaisted and Jack Reagan. 1
c
Llveslsy
: Livesley, Or. May 1. Mrs. P.
Glover and daughter of Seattle
were guests at me home Of Mr.
and' Mrs. N. N. Carpenter last
week.
The school gave an interesting
program Thursday afternoon com
memorating the hundredth anni
versary of General Grant.
me dedication services were
held Sunday at the Livesley
church. There was a good attend
ance. After the regular Sunday
school services there was a basket
dinner and in the afternoon and
evening there were some excellent
talks and'address given.
Paul. Nickleson, who lives on
the H. J. Tracy place, is able to
oe about again after his accident
of being thrown from his horse.
. Mrs. Flora Holly will entertain
the G. T. club on Thursday after
noon, May 11.
Mrs. Thomas is visiting with
her son. J. W. Thomas.
Mrs. C. Spurrier from Oklahoma
is visiting at the home of her, sis
ter. Mrs. A. Coolidee.
FOUGHT FOR KAISER
AND LOSES CITIZENSHIP
SUN YAT SEN FORCES
CAPTURE WHOLE NAVY
bhanghai , May 1. By Asso
ciated Press.) The forces of Sun
lat Sen, head of the South Chi
nese government at Canton have
captured the entire southern naval
squadron, it was stated in unof
ficial dispatches published today
by the foreign and Chinese press.
Seattle, Wash., May 1. Hans
Frederick Kurth of Tacoma,
Wash., who obtained American
citizenship in 1913 but who later
fought, in the. German army dur
ing the war, was ordered deported
to Germany at the conclusion of a
hearing before Immigration offi
cials here todayT Kurth said he
would appeal from the order on
the ground that, until last week he
was a citizen of the United States
and as that he did not wrongfully
enter the country, he has a right
to remain here.
Evidence produced; at the hear
ing was to the effect that-Kurth
shortly after obtaining his citizen
ship papers, returned to Germany,
where he enlisted. To reach Ger
many, It is alleged, he altered his
citizenship papers in order to pass
through British waters to Den
mark.
RATE CASE DECISION
kwi EXPECTED SOON
Washington, May . 1. Failure
of the interstate commerce com
mission to announce today at least
a preliminary decision in the gen
eral rate case was taken by ob
servers as assurance thai no rul
ings in the matter would be hand
ed down for some time, and possi
bly to indicate a delay of three or
four weeks.
A personal pledge of service
Prevent forest fires.
REDUCTION OF ASTORIA
GAS RATES TO BE FOUGHT
.The public service commission
is made defendant in a suit filed
by the Pacific Power & Light
company of Astoria in the circuit
court of ClatBop county asking
that the recent order of the com
mission reducing gas rates to pa
trons of the Pacific company be
set aside.
The order which carried with it
a reduction of approximately 16
per cent In gas rates ie attacked
by the company as a Just and un
reasonable. The principal point of
attack is on . the valuation of
$488,000 for the company's prop
erty as found by the commission
whereas the company declares
that this valuation should be
$526,000. The commission refused
to give the company credit for cer
tain improvements to the Astoria
plant which It characterized as
over development and not an Item
of expense which should be sad
dled upon the present consumers.
FAMOUS COMPOSER OF
CHURCH MUSIC FAILING
Rome, May 1. Rome news
papers announce that Father Lo
renzo Perosi, the famous composer
of church music- and former con
ductor of the Sistine chapel choir.
has lost his mind. Father Perosi
was the composer of numerous or
atorios. He also wrote many mass
es. He is 60 years of age.
We shudder to think what the
bootleggers will use to make sub
stitutes ' when clgarets are out
lawed.
McKAY TELLS
HOW HE STUCK
TO HIS TRADE
Portland School Employee De
clares He Thought He
Would Have To Give Up
Until Tanlac Came To His
Complete Relief
"If it wasn't for Tanlac I be
lieve I'd have to quit the painting
business," said C. B. McKay, 3733
69 th St., Portland, Or., painted
employed by the Portland school
board. "My stomach, kidneys and
bladder troubled me a lot and my
appetite was so bad I had to force
myself to eat to keep going. My
back hurt me so at times I thought
I could not continue work. I lost
much weight and kept getting
weaker.
"I used to think paint fumes
Increased my trouble, but anyway
nothing did me any good until I
took Tanlac. My appetite came
back and I feel altogether a dif
ferent man. I advise all painters
who suffer to take Tanlac, for it is
simply a wonderful medicine."
Tanlac is sold by all good drug
gists, (adv)
I BRINGING UP FATHER By George McManus I
BY COUUV- I'LL 'bURPRt'bE I IT imoelco isice J ( I KNOW my I
MArfWlE AN' INVITE. THE. COUNT OF VOU TO INVITE WlFE WILL .
OE MILEtj TO HAVE. OlNNCK WITH ME TO A NICE. HOME LAD
U-b- -bHE'LL THINK I'M fOIN' IN FE1R. OINNEJ - MR. JICC- LJj- TO bEE.
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THE. COUNT DE oO 6,1 THE iRLb DAY OUT. I HAVEN'T ;
MILE 3 FOR. DINNER? J IDIOT-YOU ATHIN IN THE HOU-bE- THVS j
.WVTHiP'l AS' NEVER DID ANY DltCEFOL rflp "ZZZ. I
ill U41 f IrK fTH.NARHT.N ,ifcv ( OH,.H.,T i
j 1922 bv Int'l Feature Service Inc. ' j-jj""""" 6 S j-
j I lory right 19i0 by H. C. Fisher Trade mark Reg. CJ. S. Pat. Office. j;'
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hardware
nmHrniRi; da
480 S. CommermV Street
n Phone 1650
U1U
WE
EK APRIL 29 TO
Y 6
B n w m
ihe Biggest Dicycie
Special Ever Offered for
National
Bicycle
Week
Harley-Davidson
Special
Bicycle
Note these specifications :
Extra Heavy Guaranteed Fisk Tires.
Heavy Motorbike Saddle.
Large Rubber Pedals.
Drop side mud guards with rubber splasher
Morrow Coaster Brake
Choice of any grips .. .
And best of all a standard make bicycle
guaranteed by us as well as the manufac
ture. REMEMBER this is not a cheap jobbing
bicycle made for sale purposes, hut a t high
class bicycle that has been selling for $o2.00
regular, retail price.
Be sure and investigate if you intend to
buy a wheel this year. Your old wheel taken
as part payment.
Harry W. Scott
"The Cycle Man
147 S. Commercial Street
$38.50 eadl
Phone 68
I hi 1 1 'mi fttmM'MiiMiiiiiiiiiw
Stall lUimwi . -
Ride a Bicycle.' "The sum total of economical, zestful
transportation, of health-building, muscle-developing,
and merry-making in the wonderful outdoor world,
where Nature welcomes you as one of her own and
makes you glad to be alive!
"Ride a Bicycle J" Go where you want to go, when ou
want to go for work or for furu
See your local dealer today. Pick out the model and type
you want at whatever price you feel justified in paying.
Put new pep and vigor and joy into the things you do
while on the job or-on vacation. "Ride a Bicyclel"
RIDE A
Championship Bike
Arthur Lundberg
CHAMPION
of the Northwest
Won his wonderful vic
tory over a big field at
Portland, Oregon, on a
Dayton the fastest,
sturdiest and most . de
pendable bicycle on the
market.
His success is but an
other chapter in the his
tory of Dayton leader
ship. The Dayton is used
by champions everywhere.
. .A
"Leaders since your Dad
was a Boy"
That Lundberg should
have selected a Dayton is
only natural. And there
are some important rea
sons why you should own
and ride a Dayton.
See the New Dayton Models
Come In Today
The new models are alive with snap and
class. They are fleet, sturdy mounts that
will give you many years of service. We
have just the attractive i odel you would like
to ride. Come in and look at them today.
Llyd E. Ramsden
387 Court Street.
Phone 1687
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