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About Capital journal. (Salem, Or.) 1919-1980 | View Entire Issue (Nov. 25, 1929)
MONDAY, NOVEMBER CERTIFICATES OF MORTGAGE NOT BANK ASSETS Attorney deneral Van Winkle has written an opinion for A. A. Schramm, state superintendent ol banks, holding that a mortgage trust certificate such aa Is Issued by the Security Savings 6e Trust company of Portland, if held by an Oregon state bank, Is not eligible as an as set In the savings department or legal for the Investment of savings lund. The opinion says the question to be decided is whether the certifi cate can be classified properly as either a note or a bond. The opin ion says it cannot be classified as either. It la stated that "the statute contemplates that in order for cer ttflcates or notes to be eligible as a savings bank Investment they shall be secured by a mortgage or deed of trust upon unencumbered real estate, the actual cash market value ot which real estate shall be at least twice the amount loaned there on. In other words, the notes must be secured directly by real estate mortgages executed by the makers of said notes and not by collateral notes and mortgages executed by third parties.'. "It should be understood, howev er." the opinion concludes, "that nothing contained In this opinion Is intended in any manner to cast any reflection upon the securities of the Security savings Sc Trust company or to depreciate their value as an investment. The opinion was asked by Schramm at the request of the Se curity Savings and Trust company. ItfM (Continued from Page 5) tractively centered with a large bowl of fruit and chrysanthemums. flanked by tall yellow tapers. The annual Thanksgiving dance at thg Itlahee country club will be is to be judged on flavor you wouldtit make gallons at a time You can "season to taste" a pint of Rravjr much more accurately. For a similar reason Hills Bros, roast only a few pounds of coffee at a time, instead of in bulk, by their patented, continuous proc ess Controlled Roasting. The flavor is actually controlled al ways. No other coffee can taste like Hills Bros. Coffee because none is roasted the same way. HILLS BROS COFFEE Preih from tht oris inat vacuum pact. 4lUy opined witk tie key. C1929 Has Made Good with MILLIONS t VQ v Same Price for over 38 years 25 cuncei for 25 Pure Economical Efficient MILLIONS OF POUNDS USED BY OUR GOVERNMENT SMM gravy CASOLINEy1 25. 1929 gay event tor members of the younger married set Wednesday evening at the clubhouse. The dance will be one of a, monthly series being given at the clubhouse this year. A committee Is betas- appointed by Foster Cone to ar range for th rianr fntur decorations. Mrs. Mary Rauch and Miss L. May y rtaucn wm oe guests of Mrs. M. LePevre of Portland during L. the lnanxsgiving noiidays. The Facultv Women' pltih nf WllUamette university met Thum- day afternoon at the home of Mrs w. E. Kirk. Assisting Mrs. Kirk as hostesses were Mrs. E. C. Richards, Mrs. F. M. Erickson. Mrs. R M Gatke and Miss Leila Johnson. Mr. and Mrs. Ronslrl Glover will be hostsxto Mr. and Mrs. Ed Giv en and Small daughter 7.mhn. and to Mrs. Glover s sister, Mrs. Effle W. Dunlap, for dinner Thanksgiving, The" Town an1 rinam ptK f Willamette university will meet in Lausanne hall Tuesday afternoon, November 26. The regular meeting on Thursday has been advanced because of Thanksgiving day. Mrs. E. C. Cross is president of the Town and QOWn rltlh Th nrtioram Tuesday win include a talk on imna Dy Dean Koy Hewitt . and vocai numoers by Miss Elizabeth Albert. A Thanksgiving dinner will be served at Lausanne hall Thursday i or students and faculty who are remaining in the city for the holi days. Mrs. L. O. Bulgin entertained with four tables of bridge In her home on Mill street Thursday af ternoon. High score prizes went to Mrs. Lester Hoffstader and Mrs. Frank Frakes. Mrs. Bulgin's guests Included Mrs. B. D. Bedee, Mrs. Lyman MacDonald, Mrs. Alfred Smith, Mrs. T. W. Oelser, Mrs. Howard HID SAXAPHONE THEFT CASE DISMISSED On motion of the district at torney the case against Tracey Hatch, charged with theft or a saxaphone, has been dismissed in circuit court due to lack at evi dence. The case has aroused some interest and about 15 witnesses had been subpoenaed by the defence to show the character of Hatch, who has been a tailor here fcr many years. A case against J.' H. Leong has also gone the same way. Leong was charged with practicing medi cine without a license. Cases against Cloy Sloat and Tom Smith were also dropped, these being actions to bring the men before the board of eugencls. Each of these men are serving life terms, Sloat being given an extra life term and some more years for good measure. Both were convicted as perverts. In the matter of State against Sen leg a plea of guilty was enter ed to contributing to the delin quency of a minor and he was sentenced to 60 days in Jail. Ap plication for aparoie was den 1M. McManeny, Mrs. A. W. Beull. Mrs. Clarence Brown, Mrs. Clifton Mudd. Mrs. L. Dement, Mrs. E. Halik, Mrs. John Morie. Mrs. W. J. Nel son, Mrs. Frank Cain and Mrs. W. E. Ingram. ' e - Mrs. J. E. Flanders of Los Angeles will arrive in Salem Monday night to be the guest of her sister. Mrs. F. L. Griffith, until after the mar riage of her niece. Miss Ruth Grif fith, to Jack Stump, Jr., of Mon mouth, at the Griffith home Satur day. Dallas Eugene Hayter, Dallas banker, and Mrs. Hayter celebrated their 41st wedding anniversary Wednesday, as the guests of honor at a dinner given by their son and his wife, Mr. and Mrs. Charles Hay ter of Salem. Professor and Mrs. K-it wmmm IlSOIFIEUrS Famous liacma finalities plus genuine ETHYL compound THERE'S an up-and-go to your motor with Richfield-Ethyl in the tank an eager response to the slightest touch of the throttle, oceans of power on hills and hard pulls, flashing speed on the straight-away a sparkling per formance that will both amaze and de light you.' RichieW-EtM is noticeably superior because it gives you the anti-knock qualities of genuine ETHYL compound combined with the famous Richfield racing qualities, proved in victory after (3 00 B2 Oil EL GD. THE PAP1TAT. .TOTTUVAT.. SAT.F.M. OREfiON Harry Patterson were also fiietts at the affair, driving first to Dallas to accompany Uu honored guests to Salem, The Royal Neighbors sewing club will meet with Mrs. Carrie Bunn at her home, 3235 Hazel avenue, for an all-day sewing be Tuesday. A pot-luck luncheon will be served at noon. Turner Mrs. Dean Tucker of Sa lem was a recent visitor in Turner with her parents, Mr. and Mrs. Q. A. McKay. Mrs. Tucker was former ly Miss Margaret McKay, her wed ding being an event of the autumn season In Washington. DallasMr. and Mrs. P. O. Hel bert and daughter Ann, and Mr. and Mrs. Peter Toevs of Salem, ar rived home Sunday after a vacation of three and a half weeks in Cali fornia, visiting friends and relatives at Reedly, Long Beach, and Los Angeles. LABOR DEMAND AND SUPPLY BOTH DROP While the weekly reports of Sim Phillips, manager of the U. S. em ployment bureau generally show more people seeking work than calls for help, the report for the week ending Saturday has fewer oceupa- PeRTUSSIN loosens tb phlegm soothes thsv irritation sad quiets the cough spasm quickly.Contains no dope. victory in grueling competitive events where Richfield has long been the ex clusive choice of the world's greatest drivers and pilots. - No matter what brand of gasoline you are now using try Richield-Efi! a super fuel that gives super results in every type of motor. Fill up at any Richfield station. Women DrlverM will appreciate the quicktartlng qualities of Richfield Gasoline In cold weather Its Instant response to the slightest touch on the accelerator and the prompt, courteous service at every Richfield station. tlona listed than at any time during the last few months. There were only 90 men. and 23 women registered, calls for 37 men and five women with 34 men and three women placed. Nearly one third of those seeklnf work were common laborers, there being 37 calls for the 29 applicants with all those referred reporting placed. Only two of the 14 farm hands were placed with calls for three. Five of the 30 woods laborers were in demand with only three placed. One of the six carpenters found work as did the one casual worker. There were no calls for the all watchmen. Two of the seven house keepers were placed with calls for four. The one common laborer found work. -There wen no calls for the five chambermaids, four nurs es, four hotel workers, two cooks or two waitresses. ROAD WORK DONE Shaw The market road between Macleay and SUverton, which was constructed this summer, is now be ing completed and the ditches are being cleared so that the water will have a better runway. Dallas A marriage license was Issued Friday to Ethan Demarest. w, Baiem farmer and Lenna O. Battlan. SO, of Portland. This Is the second marriage for both parties. KMK04T SajUTATteJHL . SC TO) CMBS FOLEY'S HONEYandTAlV tUMPOUND lb If?'" ikmiiiiinCTTiTira For Sale ky CAPITAL DRUG STORE A mm if FANCHON & MARCO OFFER NOVEL IDEA Do you like fancy comedy? Do you like burlesque? Do you like novelty, music, girls, startling scenery and costumes, and daszllng dancing? Of course you do, be cause you like entertainment and those are .the. real rudiments of stage entertainment. All of which has to do with the next Fanchon tz Marco stage offering at the Fox Elsinore theater, Monday. It Is called the "Accordion- Idea and, the producers are said to have created it entirely from the enter tainment formula, composed of the above Ingredients. Burt te Lehman are the leading comedians. Nothing they do ss legitimate and yet they are known nation-wide as "legltimite" stars. There is a burlesque of terplschore and trying situations. "If you dont laugh, you cant laugh" la a slogan that aptly fits this team of funsters. Theodore tc K&tya are quite the other extreme. Tripping the light est of the fantastic on tips of toes they to acrobatic swirls they af ford a picturesque relief leading the famous Fanchon & Marco "Sunkist Beauty" chorus. ups, too! s?" Make Your Selection Now for First Choice DRESS UP A CUNNING IFAND-MADR BABY sheer batiste Is very dainty witt: its fine embroidery. Infants' size A KNITTED CAPE OF SOFT WARM WOOL makes a charming gift for the new baby (P-fl QQ In pink and whit or blue and white OJ-.IO A PUFFY, HAND-QUILTED, SILK CRIB COVER to snugKle baby Into. Comes in pink (fi-t QQ or blue. Filled with soft cotton Dl.i70 STURDY. WARM COATS FOR SMALL BOYS are as tailored as Dad's. In chinchilla, overcoat clotL: LITTLE GIRLS' COATS OF VELVETEEN or ve lour, or flannel have button-up Astrakhan cloth collars. Tan, Scarlet Blue BRIGHT HOCKEY CAPS will keep small cars warm on the coldest days. Half wool with a turn back cuff and pompom. In a number of Q colors ECOMING HATS FOR SMALL GIRLS In col era to match their coats. Velours, velveteen, flan nel. Trimmed with shlrrings, rib- d- ( Don, wee flowers tDX.fs; A Small Deposit Holds Toys Until Called For Choot your toyt now whiU tht m2m Sta it 4fti Jlv Wvat7 m ssfrfxxtJ tm H cm hart tort held rnntil H to help yom SMJk CAraAM THUTX DUB SOON 1 Hopewell Hiram Terill Is spend- lng some time with his sons In Cal ifornia. One la a doctor, while the younger Is taking the third year of his course in school there this year. He U expected home this week, Chicago. III. (U Mrs. Adeline Felton, eg. has ordered her first set of false teeth. Quickly checks COLID) 3ways-inaday Buzzing m tli bead sneezing or an achy feeling- U over calU for HJl'r naUally. Them's eotiung bmt pUea ant, mate to take or snore effective. Checks eoW qnickly. safciy 3 waya at once ... I: Opens bowels, no grip pig ... 2: Checks few . . . 9 Tone yttem ... To keep away frotm colas always keep Hill's e hand. HILL'S CASCARA-QUIIIIIIE Come Tomorrow Bring the Here are gifts for every child! An array of quality merchandise ECONOMICALLY PRICED so that every one can have a joyful Christmas. You'll find toys that delight boys and girls of every age and grown TOYS THAT. DELIGHT! FIBER REED DOLL CARRIAGES With style and snap! Hood windows foot brake 7-lncl: rubber tires rachlng back. For dolls un to 20 Other Carrloces Sl.9 to 15.(1 1.000 miles Service guarantee wheel guarantee. ROLLER BEARING WAGONS They can travel Rubber tires, red disc wheels rf uf qq 18 by 36 Inches DD.70 Other Wagons SLM to WS.JS ELECTRIC TRAINS 40 inch' passenger model. NATIONALLY ADVERTISED. See Its JQ 4 f? marvelous construction. Tracks Included iD.4t) Other Trains JUS to LS3 See Our Line of Toy Planes Gaines Books See Me Dance Hear Me Talk For I'm a Feature Doll Hug me an' 111 shy EFFanBEE'S FINEST, "Ma-Ma"; cuddle me an' I'll sleep guide me an' I'll walk; coax me an' I'll dance for you. You'll love my curls, my jewelry, my pretty frock and my lace trimmed undies. And I WANT A NEW MAMA TO PLAY WITH ME Other EPF anHEE Dolls S2.G9, 9.85 TOGS FOR LITTLE TOTS DRESS Of 98c flannel, $3.98 $3.98 wnt4. Wm mm t mPPJ myi World Round Traveler "Ztm watch keeping good titn at unitk of world cruiM," radioed on of tho Graf Zpplint crew. A novoltf watch, complete with chain, rnmaienioraiing the faraoua round-the-world fliRhl of the Zeppelin. Plate dud, $I.hUnoasdtal.MJ9. :l no -7 vr vr PACE SEVEN GLAUS ARE GUESTS Woodbum Mr. and Mrs. Bay Olatt entertained last week wUh. a dinner party In boner of the, birthday of Glett's mother, Mrs. John Olatt The dining table was very attractive with yellow chrysan themums and tall yellow tapers and was centered with large birthday cake. The evening waa spent at brMie. Ask any drag gist for the red box of Children! Inches.. $4.25 Bright Lights for Your Tree $1-00 Genuine Ma.ila How your tree will gleam wltL' these lights of many colorsl An eight-light O. E. Mazda outfit for indoor use. Elxht composition sockets on a flex ible green cord with a handy rdd-a-llgllt prong type plug. A very fine set at very low price. r 7 CS S tL .Kl E ETHYL AT ITS BEST MONTGOMERY WARD &G0. 275 N. LIBERTY STREET l'hone 1435 SALEM, ORE. RE-1