Capital journal. (Salem, Or.) 1919-1980, March 21, 1935, Image 12

Historic Oregon Newspapers

Capital journal., March 21, 1935, Page 12, Image 12

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Newspaper Page Text12 THE CAPITAL JOURNAL, SALEM, OREGON THURSDAY, MARCH 21, 1935 ing power of the dollar and keep It steadier. Wert Balem The West Salem Townsend club will meet Thursdty evening at 7:30 o'clock In the com munity hall. Charles French of Sa lem will be the principal speaker of the evening. LIQUOR STORE FIGURES DROP For the first time since Oregon went Into the liquor business, the state stores and agencies have fail ed to maintain their record for im proving their sales month by month, auditors' reports at liquor control commission headquarters showed. February's figures, which are be ing compiled, are expected, how ever, to restore what might be the commission's slogan of "better busi ness each month." January was the first month to require a descending curve on the liquor store's sales graph. From a holiday peak business in December of (653,765.80 In total sales and $143,223.39 net earnings, the stores in January showed total sales of only $377,372.50 and net earnings of $94,094.75. January was the poorest month since last September, when total sales were $343,347.75. October showed (389,894, November $437, 422.34, and then December the near ly two-thirds of a million mark. The state's stores have as many customers this year as last, how ever. Virtually the same number of purchaser's permits as were sold in all of 1934 have already been is sued so far this year, reports show. License fees approximating $120, 000 as much as was collected In 1934 have already come in this year, ' I HECKART FAMILY MOVES Sunnyslde Mr. and Mrs, Raj) Heckart have moved to the O. 1 Heckart place. They recently occu pied the Peter Corpsteln proper!) which has been traded to people li Seattle who exect to take posses, slon in the fall SINGLE GLASS . OF U.S. MONEY DECADE'S GOAL Washington, March 21 (IP) A lw?le class of American money probably federal reserve notes was said Wednesday to be the federal government's monetary objective over the next decade. Widespread changes In existing laws required before this could be established may be forthcoming when more immediate stages of the recovery drive are completed. A high government official said "one class of money must be estab lished in order that the govern ment may effectively control issu ance of money." "It Is much easier," he said, "for us to regulate money If there is only one Issue than It Is with two or more as It is now." Steps already have been taken to simplify Us money system, which has consisted of seven kinds of paper money gold certificates, sil ver certificates, treasury notes of 1890, United States notes, federal reserve notes, Federal Reserve bank notes and National bank notes. Three of these gold certificates and the National bank notes and the Federal Reserve bank notes have been taken out of circulation. Legislation probably would be needed for the retirement of the treasury notes and the United States notes. The silver certificates, backed by sliver bullion now held In the treas ury, might be withdrawn from cir culation and transferred to the federal reserve banks as was done with the gold certificates. Under this plan, the reserve banks would be sole holders of gold and silver certificates issued against ac tual gold and silver In the treas ury. A definite ratio of silver cer tificates thus could be established. This, It was said, might be the solution of the administration's pro gram for a "managed currency," details of which have not been re vealed. 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