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
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