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About Capital journal. (Salem, Or.) 1919-1980 | View Entire Issue (Nov. 26, 1936)
10 THE CAPITAL JOURNAL, SALEM. OREGON THURSDAY, NOVEMBER 26, "1936 QUEZON LIVES AMID SYMBOLS OF 3 REGIMES M&lacanang Palace, Manila, (By Clipper Mall) Nor. 26 U.R President Manuel I Quezon, first enter exec utive of the Philippine Common' wealth. In his alert and versatile personality embraces the political experience of Spanish, American and Filipino regimes. His residence, appropriately, Is an edifice in which tradition, architect ture and decoration combine to re flect the spirit and the accomplish' ments of the successive administra tions which have controlled the PU lDlno people. The correspondent was Invited to stay at Malacanang palace during the visit of the transpacific press flight party at Manila, the first resident guest at the palace since the establishment of the common' wealth. Prom his breakfast table the president faces a painting by the Filipino artist, Amorsoio, wmcn shows a Malay outrigger "vmta sailing with supplies from the Ra jah of Bohal for the explorer Ma-ellan. From his private office desk he faces a portrait of Legaspl, first Spanish governor of the islands. In the woodwork of his executive office are carved the eagles of the American administration, and on the walls hang portraits of William Howard Taft. Francis Burton Hap rlson and Prank Murphy, regarded especial friends of the Filipino peo ple. A guest wandering about the stately palace is fascinated by us cosmopolitan spirit. In the front yard are palms, hibiscus, and a great ballte tree. In the marbled entrance corridor are two bronze lions, each with his forepaw resting upon a ball, symbolic of Spain's one-time dominion over tne worm. m the state dining room polished hardwood table contrasts delicately with high gold-framed mirrors. In the grand salon hang paintings of Hernando Cortes, Christopher Co lumbus and other great Spaniards. EXPERT STUDIES CORPORATE TAX New Haven, Nov. 36 U.R Despite the corporate surplus tax, corpora tions still can build up reserves. cording to Benjamin Graham, Co lumbia university's lecturer in II nance and president of the Orham- Newman Investment Corporation. Corporations, he says, can capital' Ize any desired part of their earnings either by paying taxable stock divi dends or by other readily available devices. Graham asserts that since the act should work no fundamental change in corporate fiscal policies, he will not be Impaired. He also antlcl- believes the position of bondholders pates that the law will haw a healthful effect on stockholder-man agement relations, since It would curtail numerous advantages fre quently gained by Insiders through manipulating dividend policies, and since the advantage of retaining earnings rather than selling new stock accrues more to the manage, saent than to the stockholders. According to Oraham, the stat ute's only objectionable features are not In the principle of the tax, but la numerous "unfair details" of ap plication. On of these unfair details rests ta the fact that the act places all stockholder! at a great tax dlsadvan. tag as compared with partners. An ironical aspect of the provision which effects this result Is that it was absent m the house bill as orig inally drawn and was only Inserted after business leaders, Inveighing against the act, eonrlnced congress that the desired tax yield could only be realised by retaining, the time tried corporation tax. Thus, "bust Bess seems to have talked Itself Into tt higher tax bill, Oraham says. KIDNAPING CAUSES HAM KARI ATTEMPT Tokyo, Nee. M l) Major Ryuso Furuta, commander of the Japanese garrison at Bhanhalkwan, China, was reported In critical condition to. day after an attempt to commit hari-kari Major Furuta, a dispatch from Tientsin, China, said, tried to kill himself because, as ranking officer at Bhanhalkwan, he accepted re sponsibility for the kidnaping of himself and 14 other Japanese cit izens by Chinese troops. Two companies of Kast Hopvh troops, being transferred aboard a troop train, mutinied last Saturday and abducted five army officer and 10 civilians. The kidnaped Japanese were released later. NATURAL FUEL GAS IS NOT POISONOUS Los Angeles UB Exhaustive testa made by scientists at the Uni versity of Southern California re teal that natural gas used by com panies of California Is non-polson-ous and harmless. For the past six months, secret tests have been made by the scien tists on themselves, also on rats snd monkeys. Under the direction of Dr. D. R. Drury. professor of medi cine, subjects remained In a virtu ally air-tight chamber filled with natural gas for two hours without 111 effects. They played earns, read and lounged about as In their own liv ing rooms, doing almost everthlng but smoking. "The only danger from this type of gas," Dr. Drury explained, "re sults when In concentrations diffi cult to obtain, a person Is threat ened with suffocation through lack of air. The accumulation of car bon monoxide In a closed room caused by unvented heaters or faul ty furnaces has been the cause of danger." More severe tests were nude with monkeys and rats. Except for a slight loss In weight, the latter were found to be normal after a 31-day test In atmosphere with 3D per cent concentration of natural gas. Rats kept In the same chamber for 31 days mated and gave birth to nor mal offspring. All but one gained weight during the test. COUE FORMULA HAS REVISION Montreal K The happiest man In the world Is visiting Montreal. He Is Jesn Ollven, Paris publish er, and dlclple of Emlle Coue, French druggist, whose formula for happiness was chanted throughout the world 10 years ago. The formu la consists of repeating over and over again that you are happy un til you convince yourself that you are. Ten years ago thousands of Coue s disciples went about chanting "Every day In every way, I'm getting better and better. Today, according to Ollven, the chant is slightly differ ent. Now one says: "Prom all points of view I feel better today than yes terday." The basis of happiness is conquest of self, according to Ollven'a theory. It leads to conquest of ambition and Jealousy. It makes It possible for a man to regret nothing, to want noth ing, and to live for today and never worry about the morrow. "Put It In your mind," he advises, that tomorrow will never come, be cause It will always be today. Treat your body like a machine. Look after It, dont overwork It. Try to improve yourself morally and physically and, above all, keep your chin up. Then you'll be happy." FARM INCOMES IN FAR WESTERN STATES HIGHER San Francisco, Nov! 36 UPh-Farm Incomes In the 11 far western states were 13 per cent higher In September this year than last, the federal de partment of agriculture figures showed today. The federal computation, based i 36 products, fell considerably short of covering the great diversity of western production. Nevertheless it gave a total farm Income for the month of 1136,566,000 compared with 1123,353,000 In September. 1035. The September 1930 Income was more than 63 millions higher than In September 1333. This gain In 3 years was about 60 per cent. The far west's farm Income for the first three-quarters of the year was up 16 per cent from last year. It amounted to 3340,433,000 compared with 3731,381.000 In the like t months of 1036. In 1934, the 9 months pn' duced some 696 millions farm In come, and In 1933 about 607 millions. Continuation of the 16 per cent rate of gain over last year during the remaining 3 months would give the far west a total 1936 farm Income of more than II .348,000.000. Increased sales of potatoes, barley. fruits and vegetables, as well as high, er prices, and larger receipts from sale of livestock, boosted the far western Income. The west's gains were smaller on a percentage basis than those for the nation as a whole, which gained 16 per cent In September and IB per cent for the 9 months period. The 11 states accounted for about 16 per cent of the national farm In come of $5,234,000,000 estimated for the 9 months. All states but Montana bettered the 1935 figures for the 9 months by a considerable margin. In Montana the drought-blasted wheat crop showed Its effects, and left the state with only a negligible gain for the period. September figures recorded declines under last year for Mon tana, Utah and Washington. Montana's September Income dropped back almost to the 1934 level, or to 113,776,000 from 316,443, 000 In the 1935 month. For the 9 months It wss 348,338,000 against 348,813.000 last year. Washington cash receipts dipped to 116.064,000 from 116.913,000 for September, but gained to 397,588,000 from 189.930,000 for the 9 months. Idaho's $9,506,000 farm Income In September compared with $9,056,006 last year: for 9 months $59,629,000 against $53,488,000 last year. Oregon reported $10,699,000 for September, against $8,754,000: 9 months $63,762,000 against $52,131,-000. FLOWERS BLOOMING ON ML HOOD Hood River, Nov. 26 (P) It's snow time at Mount Hood but the flowers are blooming In one of the strang est weather freaks In years. George McMullln, Inn operator. said the weather was more mild at this time of the year than at any corresponding period for 30 years. By all precedent, there should be a foot of snow at McMullln's estab lishment. Instead flowers bloom TREES TESTED FOR ARID LAND Washington (LP) Seven species of broadleaf trees are recommended by the department of agriculture for windbreak planting In the nor thern great plains, where scanty moisture and extremes In tempera ture make tree life difficult. The seven species were selected from 18 tested for 30 years. They are Chinese elm, green ash, choke berry, boxelder, Siberian pea-tree, buffaloberry and American plum. Tests were begun in 1914 at Man dan, N. D., and plantings were completed In 1917. A few years aft er planting, the willows, poplars and birches began to die and most of them were gone by 1928. Al though the Norway poplar survived better than other poplars, It cannot be recommended when moisture Is scanty. Failures cf early settlers to grow trees In the northern great plains prompted the department to Inves tigate shelterbelt planting In 1914. Although the department points out that the seven recommended trees may not be the only broad- Order Your Christmas Cards Now for Mailing Mske your selections from the most complete stock of Cards In Salem. Here at Cooke's you'll find a wide variety at whatever price you want to pay! For example: W 26 CARDS with your Name Imprinted In Gold or Silver! Regular gS,eJ gsa 91.09 $3.26 Value! 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A clean, culti vated strip at least 13 feet wide on each aide should be Included. Other trees might be used, providing the low growing trees are kept to the outside. iff Sterling Silver and Lifetime Flat Silverware ft t 9 if It H g in U Hamilton I T Waltham Vgln Watch WE HAVE BEEN APPOINTED EXCLUSIVE AGENTS IN SALEM FOR riIRT DILL Tha pattern! tUuarrahxd x lb Tanr Ds)tr ropreaeeittrxj in Hi rich flora) dmdgn an old fasb sqdoc) ojarctan. You'd lovo Ms quean! scalloped odes. B can always bo added to or DM In. "Spodo now ehaconttnue a pattern fCut Crystal Glassware A Most Complete Stock OUR MODERN PLAN OF PURCHASE tt at your sendee with terms to tult your income tt will be a perfect Christ mas for many let us do our part with the perfect diamonds. POMEROY & KEENE in STATS ST. JEWELERS AND OPTICIANS SALEM jj Big Turkey Flock Waits More Money Clear Lake Joe La Follette and daughter Susie in South Prairie, have a large flock of turkeys, over 1000 in number. This is the largest number of turkeys that has ever been In this vicinity. They expect to hold the most of their flock for the Christmas market hoping that there will be a better price - AUSTRALIA BIDS U, S. FLEET IN 1938 Sydney lf Official steps have been taken to assure the presence of the United States fleet, station ed at San Diego, at the ceremonies in 1938 that are to mark the 150th anniversary of the founding of New South Wales. The program, as prepared, pro vides for the re-enactment of the scene when Captain Cook, In the Endeavorer, arrived and landed Governor Philip with the first band of settlers on January 28, 1783. A national holiday to permit thousands to see a huge historical pageant, which will Illustrate "Aus tralia's March to Natlonalhood," will be proclaimed for January 29, 1938. Finally, the Empire games, from February 6 to 12, which will be bas ed on the organisation of the Olym pic games, will have the picked ath letes from every corner of the Brit ish empire entered. The commonwealth government will make every effort to have the visit of the American fleet extend over the entire period of the ceremonies. Mirrors are ideal XM AS GIFTS We cut and design mir rors to order We resil ver old mirrors. Order Your Xmas Mirror Now NEAL GLASS & Mirror Co. 178 S. Commercial Phone 7656 HEADQUARTERS FOR TOYS! eaawaw'T'-'" u? 98c A 'rMT she has sleeping flAr1 Mechanical Train A "Union Pacific that whizzes around the track just like thei real onel 27 inches long with" three cars and 10 sections of track. She has sleeping eyes and a crying voice. So real, i that you cant help loving her! Mechanical TOYS 10c Things that go are lots of tun! TARGET GAME With a metal target, dart and gun.' Pump Action POPGUN 25c 21 inches long a dandy! Amusing GAMES 10c A big selection at this low price. SEWING SET IOC With China dolls fun for any little girl. TIDDLEDY , WINKS IOC An old time game that Is always popular always popular. Laughable Laughable ROLY 25c They tumble merrily about without breaking. DOIXS 10c With Trunk Sets Cute sets to give a little girl a real thrill! DOLL FURNITURE CHECKERS MODELING CLAY TOY PISTOLS AIRPLANE KITS BABY DOLLS CELLULOID DOLLS HAD MECHANICAL TOYS PAINT SETS TEA SETS VELVET ANIMALS CHEMISTRY SETS DRUMS 2 TOY AUTOS Many styles of these miniature toy autos buy several so hell have a whole set for Christmas. 0U TEA SET IOC Sturdy metal pieces with bright, litho graphed designs. A dandy set for this low price. (7h W ON THANKSGIVING DAY Best wishes for a' happy day to all our friends 1 The' store will be closed Thanksgiving Day! AND REMEMBER TOYTOWN OPENS FRIDAY. NOVEMBER 27 For a Gay Xmas Wrapping Materials Tissue Paper Big 20x30 inch sheets, white, 15 sheets .... J Red or green, g 12 sheets 3 Bright Cellophane, 8 sheets, 20x30 in. . Tinsel Cord, 150 ft balls Tags Seals A Marvelous Selection IOC 5C 5 ,10C See Our Complete Line of CHRISTMAS CARDS BUY YOURS EARLY " And Avoid the Rush! Downs of clever, timely cards from which to mske your se lection. Come now and get the best! Priced at 5 for 5c - 3 for 5c - 2 for 5c ASSORTMENTS AT lie Me HEADQUARTERS FOR TOYS Toytown Opens Nov. 27 Mefii?Ipfln(iam 5c, 10c, 25c STORE 148 N. LIBERTY ST. SALEM, ORE.
