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About Capital journal. (Salem, Or.) 1919-1980 | View Entire Issue (Jan. 12, 1925)
PAGE EIGHT THE CAriTAE JUUKNATj, 5ALEKT, OTtEliUI , MONDAY, JANUARY, 12, 1923 El E tarls, Jan. 13. Paris newspa Djra oils.' explanations for the resignation o Secretary Hughet. and for the appointment of Am- batwador Kellojg to succeed mm which are more ingenious tban convincing. Fertlcux of th Echo De Pari believes Mr. Hughes is resigning because be does not see eye to eye witn President Coolidge. The writer says that the president "dominated by the senate," deal ret. a policy of Isolation, while Secre tary Hughes, "who bas spent lile life among the half-Kuropean so ciety of New York, in inclined to Intervene In the old world contro versies." Fertinax says It Is certain that the "reign of the republican sen ate will be confirmed." He adds that as a "lawyer t ained in the country, the secre tary of state probably is not big enough man to resist the assembly to carry-it with him." Secretary Hughes .In the view of M. St. rice of LeJournal, le re tiring because he intends to run lor president. Hamburg, Germany, Jan. 12. Commenting on his resignation. the Hamburger Nachrichten ex presses belief that Charles b. Hughes Intends to run for presi dent. The paper terms him "a sensible and moderate politician." Referring to Mr. Hughes' New Haven reparation speech, which forcicd the basis of Chancellor Cuno's economic program, the ta per observes.: "In it, for the firet time, a statesman among Germany's for mer enemies showed a desire for conciliation and pointed out pos sibilities for a solution, whic'i, while not acceptable in all details to Cermnny, were certainly hope fill." tfill Designed to Put Teeth In Blue Sky Law Prepared WIKHAR PURCHASES CAPITAL CITY LAUNDRY Announcement was made this morning that T. A. and II. H. Wlndlshar formerl doing business In McMInnvllle, have bought the Capital City Laundry, of Salem. The Wlndisher brothers will re tain their laundry plant In Mc MInnvllle, It is announced, R. II. Wlndlshar taking full charge, while T. A. Wlndlshar takes charge of the Salem plant. The nnme of the laundry here was formerly the Capital City Steam Laundry. The equipment of the local plant is in every respect the last word In mechanical perfection. Mr. Wlndlshar has announced that Charles Zehner, for many years a resident of Salem and superintendent of the plant, will retain his position with the com pany. Officials have announced that visitors will be welcomed at the plant at any time, and shown the entire process through which the laundry goes. The building Is located at 120b Broadway street. Designed to put teeth In the Oregon blue sky act and meet alt objections that have been made to the law by the people, an amend ment to the act has been prepared by W. E. Crews, state corporation commission, and George A. Cod ding, his deputy. Among the first of the pro visions of the amendment is an added requirement of applicants for authortly f deal In securities that they furnish the corporation commissioner with a statement, verified by the executive officers and three directors of tbe appli cant, showing the applicant to be solvent and having tangible assets equal to at least 60 per cent of the pa rvalue of the securities for the sale of which application Is made. Also the commissioner would, un der the amendment, be authorized to demand any other information desired. Another provision Is that the commissioner shall deny the appli cation if he hdieves the securities are deceptive or fraudulent, that the articles of Incorporation are unjust or illegal, that the appli cant or issuer is insolvent or In danger of insolvency, that the ad vertising is misleading that tbe securities are In excess of the rea sonable vilue of assets or proper ty for which they are offered in payment, that the proposed enter prise is unlawful or against pub lic policy, or that the proposed sale of securities is a mere scheme to dispose of worthless securities. One of the provisions of the pro posed amendment le a provision that any person applying for a broker's permit shall, at the time of filing the application, deliver to the corporation commissioner a bond for $50,000, payable to the state, to be executed by tho ap plicant and a surety company and approved by the corporation com missioner. The purpose would be to make tbe applicant liable to all persons who might loso through dealings with the applicant or bis agente. Tho commissioner would be authorized nt nny time to re voke any dealer's, bruker's or agent's permit Issued by h!m lio.ld he find the holder In bad buHtners repute, or to have vio- Typewriters AIjL makes IS Down IS Monthly C M. Loekwofu 347 N. Com. Et Phone 860 la ted the blue sky act in any way or about to engage in any fraud ulent transaction. Every order, decision or otter official act of the commissioner would be subject to review, and any person aggrieved by act of the commissioner would nave the privilege of appea to the circuit court. Further appeal to the su preme court would also be allowed either party. Dealers and brokers would be made liable to purchasers of se curities for any acts of their reg istered agents. Much more severe punlshement is provided for any fraud perpe trated, and this is made to apply to brokers and agents as well as to dealers, In fact throughout the act brokers are placed under prac tically the same requirements as are dealers. Instead of (1000, the maximum fine under the present act, the maximum Is made 15000, and prison sentence Is made f:ve years instead of one year, and the . enitentiary is made the place of imprisonment Instead of tbe coun ty jail. Any purchaser of securities on the partial payment or Install- PIERCE ASKS FEDERAL USE OF MUSCLE SHOALS Governor Pierce sent a telegram Saturday to President Coulldge, urging him to use his Influence for the completion of the Musclo Shoals projuct at public expense, and a telegram to Senator George W, Nonis of Nebraska congratu lating hi in on nis fight for the project. Tho governor's tcleg-ara to the president said: "The citizens of Oregon are anxiously hoping that you will lend your powerful influence to the end that the Muscle Snoils project m .y be completed at puo 11c expense so that this immense power may bo preserved for the benefit of i.ll tho people." It is at home that every man must bo known by those who would make a Just estimate either of bis virtue or felicity. We Pay Cash For Your FURNITURE and Tools Best Prices Paid Capital Hardware & Furniture Co. 285 N. Com'l St. Phone 917 W.VAW.V.V.VAV.'.Vi jv.v.-.-.v.-.-.v.vv.-.-.-.-.'.-i : Good Insurance Is Never Cheap, : 'i Cheap Insurance : Is Never Good $ We soil only good Insurance. Seavey-Bell Insurance Co. 5 WAW.V.W.'.V.V.W.V, 411 Oregon Bldg. rhone 467 6 AND YOUR MONEY SECURED You have an opportunity to receive 6 on jour investments by placing your funds in a security which does not fluctuate with conditions and which is the most dependable security you can get. Heal Estate Mortgages are the backbone of all investments. Our Mortgage Bonds are secured by income Salem property and producing Willamette Valley farms in one of the richest territories in the United States... The mortgages are held in trust by the First National Bank in Salem. These bonds are sold in multiples of $100 and the interest is pnid semi-annually. Write or phone for circular giving detailed information on this investment. Reference any bank in Salem Hawkins & Roberts, Inc. 205 Oregon Building Salem, Oregon "CASCARETS" IOC IF DIZZY, BILIOUS, To olein z your bowels wlthoui cramp J 'if? or over- lr -acting, ta k e r--gg "Cflncareta." . V X nche, dizziness - - - 7 u i 1 1 .. j j gases, lndiges t 3 jT tlon, sour up " sets tomach and all such dlstrewi grono by morning. Nicest laxative and ca thartic on earth for crown uds and children. 10c, 25a and 60c boxes any druf? store. Adv. meat plan would have tbe option, to terminate tbe contract of pur chase at any time before final payment, upon 30 days written no tice to dealer or broker, and the dealer or broker would be requires within 30 days from receipt of no tice, to return to the purchaser all money received from blm. ' Any dealer, broker or agent re ferring to the blue sky act or tho corporation commissioner In such a way as to make prospect iye pur chasers believe the commissioner or bfe assistants recommends the securities would be deemed guilty of violation c the blue sky act and subject to tbe penalties, and in addition bis permit would be revoked. The amended act would be made retroactive. All dealers or brok ers now operating under license from the corporation department would have 30 days from the ef fective date of the amendment to comply with Its conditions. Man Names Twin Oo-respondrut Tomrole Hardin of Bardatown, Ky., baa asked a divorce from tale wife and In the suit named his twin brother Jack an co-respondent. The marriage took place In the summer of 1920 and the fath er asks the custody of the one onlld resulting. 1 "', , . r ia onla akin dera 6 ifl Only ahlndegp fe Kontlu bUr mum win cun un CAM rcwaar othaf lb. dU4! n l&r.tndiruguM .tt.Tl. . - Perry's Drug Store Back Bad This Winter? DOES your back ache with a dull, unceasing throb t sharp pains torturo you at every step? Are you lame and stiff; tired and nervous utterly dis couraged Too often this condition is due to weak kidneys. Winter's colds and chills weaken the kidneys and slow up their work of keeping the blood-stream pure. Then come constant backache, rheumatic pains, headaches, dizziness and annoying kidney irregularities. Don't risk serious kidney sickness. Get Doan's Pills today. Doan's have helped thousands. They should help you. Ask gour neighbor! Here is Salem Proof: Mrs. W. H. Parker, 1140 N. 6th street, sals: "My kidneys were weak and I bad a dull backache and felt miserable. My kidneys didn't act right, but Doan's Pills have always relieved these attacks, strengthening my back and kidneys and benefiting me in every way. I always depend on Doan's if I have any return of the trouble." Doan's Pills Stimulant Diuretic to the Kidneys At all dcalen, 60c a box. Fosta-Milbora Co, Mfj. Chemists, Buffalo, N. Y. 'ONSILITiS Apply thickly over throat covet with hot &annl wicks V VaroRub Opt 17 MUlimm Jan Vtm4 Ymmrfy Qrk JUiW I A pleaMnc etfoctiva Aa4 externally, uu PlSOS " B.I... lii Beginning Today Special Prices on FORMFIT BRASSIERES AND CORSETTES For One Week Formfit Brassieres in silk broche, long waist line, back fastening. Sizes 34 to 44 Special $1.00 Formfit Corsettes in silk stripes. Made in long length with six garters and four elastic inserts. Side front fastening1. Sizes from 34 to 42. Special $2. 98 MILLER Salem's Leading Department Store -H it IP SDIUIBJ THE SUPERIOR ENAMEL SURFACE FLOOR COVERING 0 :fM OB AN IMPROVEMENT ON PRINTED LINOLEUM Buying in carload lots we are able to offer to the good people of Salem and vicinity this superior wearing felt base floor covering at tremendously low prices. Pabcolin PER SQUARE YARD 65c THERE IS 30 Guaranteed Water Proof PRICES: MORE WEARING SURFACE ON Pabcolin Guaranteed Not to Fade 11-2x3 Rug $ .35 3x6 Rug 1.75 41-2x6 Rug 4.50 6x9 Rug 6.75 71-2x9 Rug $ 8.75 9x9 Rug 9.75 9x101-2 Rug 11.25 9x12 Rug 12.75 Not Linoleum, Not a Substitute, but an Improvement on Printed Linoleum a Floor Covering With Its Wearing Surface Composed of Special Enamel Paint instead of the Usual Soft Oil Paint. Our Entire Stock at These Prices. V SEE WINDOWS SEE WINDOWS
