C aiuitaiA Journal I
Circulation
Dally average dletrlbu
tloo for the Month ol
October. 1933
9,903
Average dally net paid
0306
Member Audit Bureau
of Circulations
City Edition
Pair tonlte and Wed
nesday; fogs tonight.
No change In temper
ature: moderate sou
therly wind.
Local: Max. 65, mln. 43
rain 0, riv. 2 ft. clou
dy, southerly winds.
45th YEAR, No. 277
' Entered as second clasa
matter at Salem, Oregon
SALEM, OREGON, TUESDAY, NOVEMBER 21, 1933
PRICE THREE CENTS
ON TRAINS AND NEW
STANDS FIVE CENTS
Wl po can MM
jl iinwwir -z
IFFSi
mmm
MEIER TO FILL
VACANCIES IN
LEGISLATURE
Senate Approves Dunn
Bill for Representatives
From Jackson County
public Hearings Set On
Truck Bill and On Un
employment Voting 32 to 6 with two absent,
the senate approved the amended
Benator Dunn bill providing for the
Immediate filling of two vacancies
In the house of representatives from
Jackson county and one in the sen
ate from Washington county after
rejecting 16 to 12 a substitute bill
offered bv the Judiciary committee
Tuesday morning. Voting against
the bill were Senators Burke, Dick
eon. Hazlctt, Hess, Strayer and
Zimmerman,
The Dunn bill, after the present
emergency is taken care of by ap
polntment of the governor, specifies
that In the future such vacancies
shall be filled by the county court
or similar body. The Judiciary mea.
cure, as outlined by Senator Upton,
specified that In case of an emer
gency, the secretary of state shall
notify the county court or board
and set a time and place for the
lining of the vacancy and If
agreement is reached within three
(Concluded on page 8, column 7)
JOBS AWAITING
OVER 10,000
Portland, Nov. 21 (P) More than
10,000 men and women whose names
now appear on the relief rolls of
the counties of Oregon, will re
ceive Jobs under the civil works
administration program within a
lew weeks. The first group may be
at work before the week ends.
Raymond B. Wilcox, head of
the Oregon unit of the CWA, an-
nounced today that 50 per cent of
the persons who will fill the al
lotted 21,000 Jobs in this state, will
be taken directly from the relief
rolls. The remaining 50 per cent
will be placed before Dec. 15. These
men and women will be drawn from
the federal re-employment service
lists in the various counties.
Wilcox explained that It Is fu
tile for unemployed persons desir
ing work to apply at the office of
the state relief committee or to any
of the committee members for
places.
"First," he said, men and women
will be selected by the county re
lief organizations, from persons on
the relief rolls prior to November
6. This class will embrace 50 per
ent of each county's allocation.
"We also have Instructions to
Blace the remaining 50 per cent
before Dec. 15. These workers will
be drawn from the federal re-employment
service lists In the var
ious counties.
"Persons in need of relief can
apply In the usual manner, but
those not on the relief rolls should
register, at once with the reem
ployment services of their counties.
Thev will then be called out when
ever Jobs for which they are quali
fied are available." . .
EX-GOVERNOR HAY
DIES IN SPOKANE
Spokane, Wash, Nov. 21 VP)
former Governor . M. E Hay ol
Washington dropped dead in his of-
llce at 9 o'clock tms morning, ioi
lowing a heart attack.
Governor Hav was a native ol
Adams county, Wisconsin, and came
to Washington . Territory In 1868
settling in Davenport. In 1889 he
moved to Wilbur, where he lived 16
years, moving to Spokane In 1908.
He was elected lieutenant govern
or of Washinaton in 1908 and suc
ceeded to the governorship In
March. 1909. on the death of Gov
ernor Cosgrove. He retired at the
nd of that term, in 1913.
Hay was a larger farm and land
owner, both In the Big Bena coun
trv of rentral Washington and Cal
gary. Alberta. His holdings totaled
25,000 acres on both sides of the
Canadian border
MEMORIAL TO CONGRESS
A 1oInt memorial to the presi
dent of the United States was in-
troduced In the senate Tuesday mor
ning, asking for the passage of the
Frazier bill before congress. The
bill has as Its purpose the refin
ancing of farm loans by the govern
ment at a lower rate of Interest to
prevent widespread foreclosure. The
memorial carried the names of
Senators Zimmerman, Burke and
Brown and Representative Oleen,
Good Evening!
Sips for Supper
By DON UPJOHN
What the special session needs Is
all the 6.uallflcations of a good
pitcher lots of speed and control.
But the boys are buzzing like
bees around a comb all hoping to
grab a- little of the honey. It'll take
a stout heart and steady head to be
a legislator In this session.
We note among the numerous
fool attempts to clog up the legisla
tive mill is one to repeal the gin
marriage law. If that goes through
it's going to make a lot of people
sore who had to wait five days for
their marriage certificates. All
they'd had to do would have been
to wait for the legislature to repeal
the law and then they wouldn't
have had to wait five days.
Judge Reed, J. of P. and P. M., at
Gold Hill, Jackson county, is a
visitor In our midst looking over the
legislature. It beats heck how
these Jackson county boys can trav
el around and also bet on the Uni
versity of Oregon football team. It
shows that prosperity must be on a
regular rampage down In those
parts.
If weather like today keeps up
everybody'!! soon be out picking
crocusses, daffodils, violets, et ai ,
and begin thinking about going
swimming again.
Workmen made good progress
today sewing the buttons onto the
pedestrian crossings at the corner
of our main streets. The color of
the buttons doesn't match the sur
rounding buildings as well as they
might but counting the buttons will
provide a favorite sport for the
financiers, lawmakers and Intellec
tuals who gather at the street corn
ers dally to solve various big prob
lems.
-. Mayor Doug McKay, when asked
for an Interview this morning as to
nls aesthetic opinion on the appear
ance of the street buttons declined
to comment. "I wish the city was
as well buttoned up on the water
deal as are inose street corners,
said Doug.
Speaking of the water deal It be
gins to look as though the city
would have to send for Senator Mc-
Nary.
If this thing keeps up folks will
begin to think after awhile that the
water company doesn't want to sell
out to the city.
At latest reports Frank Perry's
frogs were still refusing to go to
sleep and were croaking from craw
fish. If worst comes to worst Prank
might invite Doc Barrick's quartet
in to sing for his froggies some of
these evenings. Apparently the
fiogs like the night life about as
well as their master.
Charity and liquor control are
two big Items confronting the spe
cial session. Let's hope with the
legislature, that inasmuch as char
ity begins at home, liquor control
will begin the same way.
STUDENTS TAKEN
WITH THEATER LOOT
Portland, Nov. 21 (IPX Some 62,000
worth of moving picture equipment,
allegedly stolen from the Majestic
theater In Corvallis, was recovered
by police Monday from the homes
of two Oregon State college stu
dents.
The students, Frank Gilbert, 21
and Carl Miller, 18, were arrested in
Corvallis and Portland police
searched their homes at request of
Corvallis authorities.
Ahnnt. 13 OnO wnrth of pmilnment.
was said to have been stolen from
the theater.
Police Without Clue
To Identity Of Slayer
Of Akin
- Portland, Nov. 21 (U.R) Although all the forces of the
Portland police, state police, and sheriff's office, were
thrown into the investigation of the murder of W. Frank
Akin, former special agent of trie
governor s office; tney remained
without, clues today of the Identity
or the motive of the slayer.
Even though Mrs. Akin Immedi
acy attributed Akin'a revelations
of alleged Irregularities In the af
fairs of the port of Portland com
mission, In a survey which he re
cently completed for the state as
motive for the crime, police were
unable to connect this directly with
the shooting.
Another mystery element entered
the case when James B. Folhemus,
manager of the port of Portland
and chief target for Akln's accusa
tions In the port report, told police
I he celved an anonymous tele
SKY VOYAGERS
BACK TO EARTH
IN HEW JERSEY
Stratosphere Explorers
Report Delightful Trip
Up 59,000 Feet
Night Spent In Marsh
Sleeping in Deflated
Folds of Balloon
Bridgeton, N. J.. Nov. 21 m
America's first stratosphere balloon
jolted to rest in the marsh lands
southwest of Bridgeton, at 6:50
p. m., yesterday.
As hundreds oi persons searched
the pine woods, cranberry bogs and
cultivated farms in southern New
Jersey, Lieutenant Commander T.
O. W. "Tex" Settle and his aide,
Major Chester L. Fordney, slept the
night through wrapped up in the
deflated fabric of their big balloon,
awaiting daybreak.
At 8:44., today Major Fordney
trudged through the marsh lands,
walking until 9:30. a. m., when he
reached the farm home of S. N.
Johnson nine miles southwest of
Bridgeton.
'I'm hungry and I'd like to use
the telephone," calmly announced
Fordney to the startled farmer,
Then he took up the telephone and
notified the world of the balloon-
ists' triumph.
Wo had a delightful and unto
ward trip," Major Fordney said,
"except that we came down so fast
we had to throw things overboard
as fast as we could to lighten ship,
'Although it was a pretty rapid
landing, neither of us was hurt.
(Concluded on page 0, column 8)
ACCORD WITH
RUSSIA NEAR
(CopyrlBht, 1933, by United Preu)
Washington, Nov. 21 (IP) A Sov
iet - American agreement which
would expunge the past and enable
both countries to inaugurate their
renewed diplomatic relationship with
a clean siate may be reached Thurs
day.
Complete, final settlement of
Russia's debt to the United States.
American private claims against the
Soviets for confisticated property
and Moscow's counter-claims for
America's 1918 military expedition
to Archangel, would be included in
the significant agreement If negot
iations Commissar Maxim Litvinoff
is conducting under high pressure
with the state and treasury depart
ments are successful.
Though not yet within reach, tills
historic accord is m sight, the United
Press was reliably informed, and
both governments are hopeful that
the perplexing financial Issues be
tween them may be adjusted with
in a week of last Thursday's 1
sumption of diplomatic relations.
Litvinoff and the American nego
tiators, Ambassador-Designate Wll
liam Bullitt, Undersecretary of
State William Phillips and Acting
Secretary of the Treasury Henry
Morgenthau, Jr.. are using the ut
most ingenuity In a determined ef
fort to come to terms on the sole
remaining obstacles of the past
which might impede Russo-Amerl
can harmony.
' DAM CONTRACT LET
Washington, Nov. 21 (P) Award
of a (668,500 contract for excava
tion work on the Bonneville dam
site, Columbia river, to the General
Construction company, Seattle, was
announced today by the war depart
ment.
At Portland
phone call at 6:45 -p.m. Monday,
"Well, I see you got your man,
man's voice said to Polhemus when
he answered the telephone, and the
caller then hung up.
On November 7, Polhemus report
ed that a shot had been fired
through a window of his home. At
that time police found a 21 calibre
bullet lying on the kitchen floor.
In their reconstruction of the
crime, the detectives believe It un
likely that Akin was shot from the
doorway. The door had a check
chain on the Inside which allowed
It to be opened only a few Inches
after it was unlatched. This chain
(Concluded on page 9, column 7)
Advisor Quits
O. M. W. SPRAGUE
former financial advisor to the Bank
of England bas resigned as execu
tive assistant to the secretary of the
treasury, predicting inflation.
SPRAGUE QUITS
DISAPPOINTED
Washington, Nov. 21 (tP) O. M.
W. Sprague resigned today as spe
cial adviser to the treasury and as
serted "there is no defense from a
drift into unrestrained inflation
other than an aroused and organ
ized public opinion."
"It is for tne purpose oi contnouc-
ing as I may to such a movement
that, with feelings of profound dis
appointment, I sever my connec
tions with your administration," he
said in a letter to President Roose
velt.
"Unhappily I now find that I am
in such fundamental disagreement
with the monetary policies which
have recently been adopted that I
have decided to resign my post in
the treasury."
He objected to the fact, he said,
that he had been given "no oppor
tunities whatever" to discuss funda
mental questions with the presi
dent. Otherwise, he said, it was pos
slble that there might have been a
meeting of minds.
I am opposed to the present
policy of depreciating the dollar
through gold purchases in foreign
markets for two reasons," he said,
I am convinced that this policy
will prove ineffective In securing a
speedy rise in prices. This is not
because of any inability to depre
elate the dollar. When a govern
ment announces its determination
to depreciate its own currency it
it can certainly accomplish that re
sult, and without the necessity of
acquiring any considerable amounts
of gold in other countries; since
no sensible person will desire in
such circumstances to acquire more
of the currency."
F. D. AND FORD MAY
HAVE CONFERENCE
Warm Springs, Ga., Nov. 21 (IP)
The possibility of a "little. White
House" conference with Henry Ford
arose today as President Roosevelt
went forward with the task of di
rccting his gigantic recovery pro
gram from . his vacation resort on
Pine mountain here, .
While the temporary executive of
fices-said that no formal engage
ment for Ford had been requested or
made he would be received by Mr,
Roosevelt if he came here. At the
same time close . administration
friends made It clear that they
would not be at all surprised if the
motor manufacturer arrived within
the next few days for a visit.
In this connection, It was pointed
out as significant that General
Hugh S. Johnson, recovery admin
istrator, would be in the neighbor
hood Thursday,, coming to Atlanta
for an NRA address. It was not re
vcaled, however, as to whether he
would journey the 75 miles from
that city to Warm Springs to be in
on a Roosevelt-Ford discussion
should one develop.
Ocean-Size Locks
Asked for Big Dam
The Dalles, Nov. 21 0P A brief
requesting that navigation locks at
the Bonneville dam be constructed
of sufficient size to permit passage
of ocean-going ships, will be for
warded to Washington, D. C, this
week.
At a meeting here last night the
Council of tl.e Inland Empire Marl
time conference Instructed a staff
of experts to proceed at once to
Corvallis where, In conjunction with
Dr. W. H. Breesen and other state
college experts, the brief will be
completed.
KING CALLED
IDLE PARASITE
BY LABORITE
Monarch Interrupted
During Speech from
Throne by M'Govern
ncident Ignored as King
Pledges Every Effort
For World Peace
London, Nov. 21 (LP) King George,
finishing a state speech to parlia
ment today, stood in ermine robes
before his throne and heard John
McGovem, hot headed labor mem
ber of commons, shout that those
present were parasites, living on the
suffering of the poor.
"You are a gang of lazy, idle par
asites, living on the wealth other
people create," shouted McGovern,
So closely did the interruption of
the august gathering follow conclu
sion of the king's speech from the
throne to the new session of parlia
ment, in the house of lords cham
ber, that it first was thought his
speech had been broken by McGov
ern. The king and queen, the queen
In her famous crown jewels, were
standing in front of their thrones.
They looked straight ahead, ignor
ing the incident as the angry form
er plumber from Glasgow shouted
his impromptu denunciation of the
gathering.
The king had reviewed both in
ternational and domestic affairs in
his brief speech.
''The central purpose of my gov
ernment," the king had sold, "In
international affairs Is to promote
ana sustain by every means in then-
power peace in the world."
He pledged continuous efforts to
promote disarmament and coopera-
(concluded on pnge o, column 31
MISS PERKINS
ASKS FOR FACTS
(Copyright, 1833. by United Press)
Washnigton, Nov, 21 (IP) Secre
tary of Labor Frances Perkins has
thrown her backing behind govern
ment statisticians in a battle to re
quire full and frank statistics from
Industry under NRA.
This group alleges that NRA is
not requiring adequate statistics
from business concerns under
codes. Figures called for by various
codes are not sufficient, It is alleg
ed, to form the basis of intelligent
future planning which is sought by
the NRA program ,
This is another phase in a grow
ing controversy over statistical in
formation in the new deal. Everett
Sanders, chairman of the rcpubli
can national committee has charg
ed that the administration is cen
soring figures Intended to reflect
business conditions under tne re
covery program.
This charge grew out of the ac
tion of Recovery Administrator
Hugh 8. Johnson in attempting re
cently without success to induce the
federal reserve board to withdraw
from Us monthly summary of busi
ness conditions a statement that
declines had been marked in in
dustries operating under codes. In
the next issue of the federal re
serve board bulletin, no reference
was made to the effect of NRA on
business conditions.
PROCLAMATION FOR
THANKSGIVING DAY
Warm Springs, Oa., Nov. 21 (IP)-
In a proclamation expressing his
gratefulness for "the passing of the
dark days," President Roosevelt
today called on the nation to ob
serve Thanksgiving, Nov. 30
The document, free of the usual
"whereases" and "be It resolved,"
cited the courage of the pioneers
of the land, pointed to a new spirit
of dependence of one another,
friendship between capital and
labor and asked "for a clearer
knowledge by all nations that we
seek no conquests." -
10 CENT INCREASE
IN PRICEOF GOLD
Washington, Nov. 21 IP) A price
of $33.78 was fixed today for RFC
purchases of newly-mined gold, an
increase of 10 cents over yesterday
and a new nigh.
The quotation was still below the
world Drlce of the precious metal.
It was $33.81, on the basis of
sterling opening at $5.3214 and
ranged upward from that point as
the dollar weakened.
The domestic price was new
high for that figure.
Highway
Pay Bond Interest On
SalmonRiverDistrict
The supreme court, in a divided opinion of four to three,
held today that the state highway commission is required to
assume interest indebtedness of the salmon river-Grande
Ronde Highway Improvement district as provided by chapter
298 Laws of 1933. The prevailing opinion is written by Jus
tice .welt, in wmcn justices Bean,
Kelly and Bailey ooncur. Dissent
ing opinions were written by Jus
tices Campbell and Rossman, with
Chief Justice Rand concurring In
the opinion of Justice Campbell.
The action was brought originally
in Yamhill county to require the
highway commission to pay the
sum of $3,150.29 covering cumulated
interest on bonds of the highway
district. The lower court held in fa
vor of the plaintiff and the defend
ants appealed, raising question as
to the constitutionality of the act.
Justice Belt In construing the act
In question says: "We fall to see
wherein the act obligates the state
to pay these bonds. The legal obli
gation to pay this bonded indebted
ness still rests upon the highway
Improvement district. The state has
not undertaken to adopt the liabil
ity of the district nor to put itself
in place of the district. It Is within
(Concluded on page 8, column 1)
NEW CIVIL WAR
STARTS IN CHINA
Shanghai, Wednesday, Nov. 22 (IP)
-A new civil war threatened China
today. Fukein province has revolted
against the Nanking government
and set up an autonomous admin
istration, of its own, according to re
ports front Foochow, provincial cap
ital.
It was reported the Fukeinesc con
cluded a peace agreement with the
Klangsi communists against whom
Marshall Chiang Kai-Shek, Nanking
generalissimo, had been warring in
tensively since last May.
All central government revenues
at Foochow were reported seized.
The reports said the new admin
istration's foreign minister was Eu
gene Chen, Influential Cantonese
leader and one time foreign minis
ter for all China. One unconfirmed
report said Chen had arranged a
$3,000,000 silver loan with Japan.
The Nanking government immedi
ately ordered the central navy at
Shanghai to hold Itself In readiness
to proceed to Foochow at a mom
ent's notice. The situation in Shang
hai was tense. All public meetings
and parades were banned following
a conference between Mayor wu
Teh-Chen and military and naval
leaders.
GRAPHS RECORD
VIOLENT
QUAKES
New York, Nov. 21 UP) By co.
ordlnatlng data from Seismographs
in various parts of the world, Ford
ham university experts reached the
conclusion today ti.it last night's
earthquake, described as one of the
most violent In recent years, ccn
tered In faraway Greenland and
Baffin Land.
"That explains," a university
spokesman said, "why no one has
heard anything about damage. Pre
viously we had thought the earth
quake centered in the region of Cen
tral America. We do not usually look
for such things' In the far north, as
they don't occur in that latitude
frequently."
Baffin bay Is to the north of Da
vis strait, across which Charles A.
Lindbergh and his wife flew a few
months ago on their way to Europe.
Building Road To
Skyline Trail From
Breitenbush Springs
A dream of years of a road
to hook onto the Skvline trail
heights to connect up with
brought to fruition by gangs oi men
working under the CCC and pub
lic works administration, according
to reports brought down from that
country. About 60 men from the
CCO camps and 30 men under pub
llo works financing are being used
on the Job.
The men have now finished grad
ing the road about four miles be
yond Breitenbush hot springs and
will continue on as long as weather
will permit and until driven out by
the snows. The distance to connect
up is about 12 miles and Indications
are that work will be resumed in
the spring to finish the distance.
The road will be a regular 12-foot
forest road, similar to the one be
Board To
LINDY LANDS IN
HORTA HARBOR
Horta, Fayal, Azores Islands, Nov.
21 (IP) Col. Charles A. Lindbergh
made a spectacular landing in the
harbor of Horta today, after a
thrilling battle against violent
squalls and rain storms in his 1000
mile flight from Lisbon.
Practically the entire populace of
this Island turned out, despite the
threatening weather, to welcome the
American flier and his wife, Mrs.
Ann Morrow Lindbergh.
Upon landing he Informed officials
that he was unable to give details
of his further plans.
Military and naval dignitaries, the
town officials of Horta, and cheer
ing crowds roared a welcome to the
colonel as he swooped down to
swift landing. Young women with
bouquets thrust flowers at the fly
ing couple while the government of
ficials beamed a welcome.
Nine hours and seven minutes
were required for the colonel to
fight his way over the stormy 1000
miles. It appeared at times that he
had been forced to veer from his
course to escape the worst of the
squalls.
His speed often - fell below 100
miles an hour, although under fav
orable conditions his 700-horsepower
motor will drive the big plane at 150
miies an nour.
Lindbergh left Lisbon at 7:10 a.m
He had Portuguese government as
sistance, and kept in radio commun
ication with the Ooncalves Zarco,
which had been assigned to watch
for him at San Miguel, easternmost
point of the islands.
TREASURY GAG
BRINGS PROTEST
Washington. Nov. 21 (tPh-In ad
dition to his order prohibiting treas
ury officials from giving Informa
tion to the press, Acting Secretary
Morgenthau has instructed all of
ficers or employes of the treasury
to submit all public addresses they
may make to his assistant, Herbert
E. Gaston, for approval in advance
of their delivery .
Headed "Treasury department or
der number 1," these instructions
were issued today:
In addition to the paragraph re
garding press relations, the order
announced that all legal matters
affecting the department would be
under the charge of Herman Oil
phant, general counsel to the act
ing secretary. He served with
Morgenthau In a similar capacity
in the farm credit administration
All administrative matters, in
cluding personnel and departmental
budget, are to be under the direc
tion of William H. McReynolds, ad
ministrative assistant to the secre
tary.
Newspaper correspondents who
cover the treasury regularly tele
graphed President Roosevelt at
Warm Springs protesting -he re
strictions imposed by Morgenthau
and asserting that In their opinion
relations between the treasury and
the press had bocn "seriously im
paired."
from Breitenbush hot sprinRs
and run alone the mountain
the Mt. Hood loop is being
v
tween Detroit and Breitenbush and
Is expected to be the basis for the
final link In what will eventually
be one of the most beautiful scenic
roads In the world.
Just this week two-great 60-horse
power caterpillars were addrd to the
equipment on tne jod wncre anom
er tractor has already been in on
the work. The two additional trac
tors which Just came In were driven
by Robert E. Lee, SO, and Wayne
Walker, 55, who had been operating
them on another Job 10 miles east
of Fish lake. The Informant under
stood the work that these men were
on was in connection with a Job of
(Concluded on-page "9, column 7)
CITY PROPOSAL
TURNED DOWN
BY COMPANY
Exchange of Bonds Jeo
pardize Interests of
Other Bondholders
Mayor Sees Direct Loan
From RFC for Pur
chase Only Solution
Pointing out that acceptance of
the offer of the city of Salem for
purcnase of the local plant of the
Oregon-Washing ton Water Service
company on the basis of an ex
change of bonds would have the ef
fect of Jeopardizing the interests
of the holders of other bonds of
the company, E. C. Elliott, presi
dent of the. Oretzon-Washington.
this morning notified Mayor Douglas
McKay of the company's rejection
of the -city's offer.
The notification, made through
J. T. Delaney, district manager.
and Walter E. Keyes, local attorney.
is the result of telegraphic com
munication between Elliott and O.
T. Chenery, president of the Fed
eral Water Service company, par
ent concern of the Oregon-Wash
ington.
After conferring with trustees for
the bond holders Chenery advised
(Concluded on page 8, column
tfc nnn nnn in
111
- n uirnin riup
dWttK5 lIMt
Washington, Nov. 21 W Boom
time banking which enabled Wall
Street to inflate General Theaters
Equipment, Inc., common stock by
60 percent in July and August,
1928, when the securities were being
unloaded on the Investing public
were exposed today by senate in
vestigation of the Chase National
bank.
The transaction made $8,800,000
for the bankers and brokers In about
three weeks. They sought to dispose
of 350,000 General Theaters Equip
ment common shares but later In
creased the block to 500.000 shares.
The so-called original group on
July 9 bought the stock from Gen
eral Theater Equipment at $20 per-
share. This group was composed of
Pynchon and Co., west and CO,
Halsey, Stuart and Co. Inc., W. 8.
Hammons and Co., and Albert H,
Wiggin's Shermar corporation.
These Insiders passed the stock on
to a "purchasing group" at $28 and
on August 1, 1929 was delivered to a
"distributing group" at $32. The lat
ter group sold the stock to the pub
lic. General Theater Equipment, Inc.,
went into receivership last year.
Prom the bankers group to the pub
lic the price of the stock was raised
$12 a share.
CITY PAYS FEE TO
LEAGUEJ1F CITIES
Over the protest of Alderman H.
H. Vandevort the city council last
night voted to pay its assessment
of $25 to the Oregon League of
Cities. The money will be used in
the furtherance of legislative mat
ters In which the cities are inter
ested and many of which pend be
fore the special session of the legis
lature. Letters received from the
league informed the city that W. M.
Brlggs of Ashland has been retained
as attorney for the league. He is to
be in Salem during the special ses
sion. PLAN MERGER OF 1
CHICAGO COLLEGES
Chicago, Nov. 21 (JP) The Chicago
Tribune said today that unless
some unforeseen developments arise
to prevent It, the University of Chi
cago and Northwestern university
will be merged into a single educa
tional unit. A committee, the news
paper said, has been named to
study the administrative and edu
cational feasibility of the plan. Ed
mund B. Day of the Rockefeller
foundation, John C. Me it I man of
the Carnegie foundation and L. D,
Coffman, president of the Univers
ity of Minnesota, were named as
the members of the committee,
which has not yet made its report.
First reports of a merger between
the two institutions were heard cev
eral months ago, but at that time
it was said that a plan of consoli
dation merely to eliminate dupli
cation of efforts was under consideration.