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About Capital journal. (Salem, Or.) 1919-1980 | View Entire Issue (Dec. 21, 1938)
The Capita! Journal, Salem; OrcgSn Wednesday, December 21, 1938 Fourteen President of Stock Exchange Wants Peace St. Louis, Dee. 31 (U.B William McChesney Martin, Jr., youthful president of the New York stock exchange, last night urged business men "Interested In preserving the largest measure of freedom to Join forces with the exchange in Its ef fort to get along peaceably with cur government Martin declared "the stock change welcomes government regu latlon and supervision," but point ed out this "does not mean we have surrendered any of our Indepen dence.' "Economic change has made ne aessary In some cases supervisory authority In government, which may result in rules and regula tions,'' he said. Martin, who began his career as statistician In the eighth district federal reserve bank here, spoke be fore a meeting of St Louisiana Inc., an organization of profession 1 and business men. "There of course is grave danger In this that the easiest way to en force a regulation Is to have a dic tator or totalitarian government," he said. "All must recognize this danger li we are to preserve our democracy. "To meet the situation, business, labor and government will do well to sit around the table, each person placing his cards thereon as the Mew York stock exchange has been doing with the securities and ex change commission and after thoughtful discussion cooperate In working things out so they will be the Interests equally of all three." Woodburn Boy Killed by Auto Woodburn, Dec. 31 Albert Hoff man, age 8 years, aon of Cyril and Marie Hoffman, who live near Play more park, was fatally injured shortly after i o'clock Tuesday af ternoon when he was struck by a ear driven by Max Fisher of Falls City. The little boy was rushed to the Woodburn hospital but died on the way. He had started home from the Hubbard school and stopped at the Disney home to play. As he started across the highway to his own home he was said to have step ped In front of the Fisher car. The body la at the Beechler and OUalr mortuary, from which fun eral announcements will be made later. UCC Compensation Not to be Taxed Unemployment compensation paid by the Oregon commission out of the state unemployment benefit fund will not be taxed by either the state or federal government Ruling governing the federal at titude was handed down by the oommlssloner of internal revenue In September. The state tax commission today reached the same conclusion. In a letter to the state unemploy ment compensation commission. As sistant Attorney General Ralph R. Bailey said: "Because of the anomalous char acter of such compensation, no clear- out precedent has been found as to how It should be treated for tax purposes, but In the opinion of this office a reasonable Interpretation of the Income tax law results In the conclusion that It Is not taxable to the recipients. "Suoh benefit payments, being In the nature of governmental gra tuities, are not precisely similar to any Item which la generally consid ered to constitute taxable Income." Power Contract To be Experiment Washington, Dee. SI M" The federal power commission cleared the way yesterday for extension of an experiment! contract between the Bonneville dam authority and the Northwestern Electric company by approving new temporary rates ice power generated at the govern, ment's plant on the Columbia rlv sr. Under the new schedule, the rates were basic! on a kilowatt-day basis rather than on the kilowatt-year oasis wnicn Administrator J. D. Ross will use when he begins wnoiesale distribution of power in the Pacific northwest The company will receive prime power under the new schedule for 1-SBBth ot 11750 a day. for each kilowatt of billing demand. See ondary power win cost the North western company l-3S5th of 11150 a day, for each kilowatt of billing demand. Demand will be determined the highest Integrated load during any 90 minute period during the 34 hours from midnight to midnight on any calendar day. FFA Banquet Success Jefferson Mr. and Mrs. Henry Ammon and sons, Clausle and Ed die, Blllie Orens and Wilbur Hivss, all of the Scravelhlll district at tended the F.P.A. banquet held at Riverside Friday night. Eddie Am mon, Blllie Orens and Wilbur Hess are members of the F. F. A. Henry Ammon was taken Into the organ ization as an honorary member along with Bob Barrett and Frank Bennett, both of Albany. Eddie Ammon, president of the F. F. A., acted as toastmaster at the ban ' V " $ If v-'.g SL Garner 'Advisee1 Newly-Elected Senators What started out to be a serious lecture by Vice-President Gamer to three new senators, who will take their seats when congress convenes, ended In a laugh with Senator-elect D. Worth Cark (left), ID., Idaho), apparently the butt of the Joke. Others are Senator-elect James Mead (second from left), (D., N. Y.), and Senator-elect Sheridan Downey (right) D., Calif.) Associated Press Photo. Forest Roads To Stay Open For Slat Riders Portland, Dec. 31 OP) Emergency assistance to the forest service In keeping roads open for skiers be tweon Government Camp and Tim- berline lodge on Mount Hood was promised yesterday by the state highway commission. The forest service normally will maintain an open road. An offer of a group Insurance plan for highway employes was put aside by the commission, which de clared it did not wish to appear to be sponsoring solicitation of any one company. The commission ordered a aurvey of the South Santlam highway from Foster, 15 miles east. In prepara tion for surfacing and rebuilding curves. It postponed consideration ot a request from the Moreland com pany, Portland, for construction of an east ramp connecting southeast Bybee Boulevard with Southeast McLoughlln Boulevard to elimin ate cross traffic. The company re cently built a west ramp and pre sented It to the city. Among bids opened and awarded were: Marlon county 1.1 miles grad ing, 1.8 miles surfacing and 6.58 miles oiling Shaw Junction-Gates section of silver Creek Falls and North Santlam highways, Edwin O. Gerber, Oregon City, 132,574. Plane Wreck at Sea Merely Junked Craft uvuuiuju, licc. ?i (t) Army in telligence officers announced Tues- dav that nlane mrmrVaam fn,,.. Sunday near Kaena Point on this uuiiiu oi imnu waa parta of a Junked army Keystone bomber oast into the ocean. Thev said thev wnnM ma tempt to raise other portions of the plane from 20 feet of water, and would halt Investigation of reports it might have been the machine of some filer who dropped Into the water. Zollie Volchok Immediate Sale Of Power Planned Portland, Ore., Dec. 21 (U.R) Im mediate marketing: of Bonneville power was planned today by J. D, Ross, administrator of the Bonne ville project, following announce ment of federal power commission approval of temporary wholesale rate schedules. Ross said purchasers will be able to obtain electrical energy on the same basis as the kilowatt-year charges of $17.50 for primary ener gy and $11.50 for secondary. Pow er measurement will be at the Bon neville plant busbar, but charges will be made for energy actually received, eliminating transmission losses. The schedules will be effective until December 31, 1030, but tem porary contract made under the plan may be cancelled by either party on two weeks notice. Release of power under the tem porary schedules will serve a three fold purpose, Ross said. It will per mit testing of the Bonneville gen erators, will provide an immediate source of revenue, and will afford a supply of low-cost energy to pros pective purchasers before the "back bone" transmission lines have been completed. Xmu Pro ram Tonight St. Louis The fit. Louis pupils have prepared for the Christmas program, directed by the teacher. Miss Grace Richards, which will be Wednesday evening. Volchok Gets Theatre Position Eugene, Dec. 21 Zalmon Marc (Zollie) Volchok, Salem, during his university career one of the most active student on the campus, has completed all requirements for gra duation from the school of busi ness administration, and will re ceive his degree at commencement next June, it was announced here today. Volchok, who has served as as sistant manager of educational ac tivities for the associated students, will return to the university for the first two weeks in January to assist with the student body mem bership drive, and will then leave for Portland, where he will ac cept a position with Evergreen theatres. While on the campus, Volchok was especially active in promotional and publicity activities. Me was in charge of publicity for the home coming in 1036, and junior week end in 1036 and 1037. Last year he was made assistant to George Root educational activities manager, and much of the success of the student body membership drives, concert series and other student projects was due to his efforts, officials here state. Last year Volchok was president of his fraternity, Sigma Alpha Mu, and of Alpha Delta Sigma, adver tising fraternity. He is also a mem ber of Friars, senior honor society, and of Alpha Kappa Psl, business fraternity. The Portland Advertising club scholarship was conferred on Vol chok for the year 1937-38 and he also won the cup offered by Alpha Delta Sigma for outstanding work in advertising. During the early years of his university career, Volchok earned his way by promoting theatrical enter prises. He organized "Zollie 's Gang' for one of the Salem theatres, and sponsored a similar organization for a Eugene theatre. Volchok also had a good scholastic record while in the university. He specialized in advertising under Prof. w. P. G. Thacher, and busi ness administration, and took number of courses In journalism If A Special Event During Our 2 for 1 Sale Special Sale Handb They're Really Something .00 An l uu Styles r , Sizes Each j ft For Every Occasion See the Beautiful Array of Bags In All the New and Popular Styles In Fabrics, Suedes, Leathers Arbuckle-King & Co. 481 State St Iluster Brown Shoe Store Next to Masonic Temple Phone 6555 Mill Workers Back on Jobs Despite Pickets Belllngham, Wash., Dee. 31 MV Enployes of the Bloedel Donovan Lumber Mill's waterfront plant, one of the largest on Puget Sound, look ed forward to a pre-Chrlstmaa pay day tomorrow, the first since last July. The workers, who returned to their jobs a week ago after forming an Independent union, went to work this morning under the protecting eyes of state patrolmen, city police and sheriff" deputies for the second time. The officers were on duty to pre vent CIO pickets from interfering with the members of the Indepen dent Sawmill Workers' Union. Pic kets, who created a disturbance at the mill Monday when they were Joined by 300 supporters, halted their activities under a superior court restraining order. In Seattle officers of the CIO af filiated International Woodworkers of America sent a telegram to Oov, Clarence D. Martin protesting the "Importation of state police for strike breaking" In connection with the concentration of state patrolmen in Belllngham. The union urged that the men be returned to work under their old contract, that the national labor relations board conduct a Tot to let the men select their bargaining agency and that a fact finding com mittee be established with repre sentatives of the lumber company, the union and the public. Federal Arbitrator Van C. Orlffln. of Seattle, ordered Belllngham longshoremen to work two vessels, which they declined to work yester day after reported clash with state patrolmen. Re held, however, the longshore men had not violated their contract with the Waterfront Employers' as sociation by refusing to report for work. Clanfields WiU Move Sclo Late word from Mr. and Mrs. Dick Clanfleld stated that they planned soon to go to New Mexico with the mining compani with which Clanfleld has been em. ployed for some time. They had been at Phoenix. Ariz., since last July. Mrs. Clanfleld Is the former Carol Miller, daughter of Mrs. Cora Miller of Sclo. She was graduated from Sclo high school, later attend ing Oregon State Normal at Mon mouth, following which she taught for some time In eastern Oregon. Poll Book to be In Evidence swuie rve. Jl (U.R) Henry Clay Agnew, defeated republican candi date for King county prosecutor, won the right in superior court to day W have Ms poll books admitted in evidence to try to prove his con tention that tabulations of the No vember S general election were In-correct. Santa 'Just Around the Corner . . . and "Lest We Forget" and overlook someone who "just must" be on that list, here is a list of last minute, timely hints that will make your hurry-up shop ping easier. In buying labeled merchandise which is built on style and quality lines, you make doubly sure of his satisfaction . . . because The Man's Shop fea tures the lines he would buy for himself. wmMavaawavftaiwalM Manhattan Skirts No man has too many shirts, so buy him the shirt that is "known as the best, the best known." Snowy white broadcloth in regular and bow-band collars, oi the soft, white oxford cloth that many prefer. Also smart pattern shirts in the new collar styles. Pried at 2.00 & 2.50 Jayson Shirts in Smart New Patterns, $2.00 Gift Ties The favorite gift of most men Is ties. At this time we are adding new sets to an already large stock to give late shoppers as good a selection as there was weeks ago. Buy good ties for him and make your selection where no regrets will follow. Vrice 100 - 1.50 Interwoven Socks A great, new array of wools, silks and lisles in this best known line of Men's Hosiery. For your sake and his, buy the best socks. Buy Interwoven. Price 35cpr.-3forl.00to75cpr. OR If He Is Supplied With These Three, Be Sure To Check These Against His List FLANNEL ROBES $5.95 to $10.00 PAJAMAS $2.00 and more COLORFUL BRACES $1.00 (with clips) TRAVELING CASES $3.95 to $10.00 SILK ROBES $10.00 to $15.00 SLIPPERS $2.50 to $4.50 BELT & BUCKLE SETS $1.50 to $2.50 SWEATERS $3.95 TUXEDO STUDS & LINKS SE $1.00 to $4.00 The Man's Shop 416 State St The Store of Style, Quality and Value Open Evenings for the Balance of the Week Salem, Oregon
