■Mr
A
The Sherman County Observer, Moro, Oregon,
E atab lish ed 1 8 8 7
OREGON STATE NEWS
OF 6ENERALIN1ERES1
D. A. R. LEADER QUITS
Final Decision on Disarma
ment Expected Soon.
Principal Events of the Week
Assembled for Information
of Our Readers.
The annual mooting of the Oregon
co-operative council was held In Eu
gene Tuesday and Wednesday.
About 2000 trees, of various vari
eties of peaches, will he set in the
Louis W ill farm In the Grand Island
vicinity soon.
A Grants Pass physician has an
nounced that he wjjl adopt the Chi-
nose system of charging his patients
so much ger jponth for Keeping &em
The grand Jury of Waeco county has
recommended that officers of The
Dalles undertake a fairly rigid en
forcement of the curfew and other or
dinances.
The dance ordinance that caused so
much commotion at Medford has been
repealed and a substitute adopted. It
eliminates certain club dance« from
police supervision.
A recommendation that a new char
te r for Klamath Falls be drawn on
the lines of commission-manager gov
ernment is being considered by a spe
cial charter committee.
A survey by Portland and Salem
hop dealers show that in 1929 on a
total of 17,908 acres growers raised
In Oregon 96,288 bales, of which 33,052
are s till in growers* hands.
According to Brenton Vedder, coun
ty school superintendent, Clackamas
county now has 131 school districts
w ith a total enrollment of 13,655, com
pared with 12,000 In 1920,
Acting upon a suggestion offered
by County Agent J. C. Leedy the
Lions club of Roseburg w ill sponsor
a plan for promoting the interests of
the poultry Industry In the Umpqua
valley.
Lira. Kate Cundiff of Eugene, known
to her wide circle of friends as “ Grand
ma**" Cundiff, has celebrated her 89th
birthday. She was one of 11 children,
of whom six are livin g and all are
over 80 years.
1
Dr. Valeria H. Parker.
New York.—Dr. Valeria 11. Parker,
honornry president of the National
Council of Women mid prominent In
the uctlvltles of oilier women’s organ
izations, lias announced her w ithdraw
al from the Daughters of the American
Revolution.
In her letter to the riutlonal board
of management of the D. A. R. at
Washington, Doctor Parker aald:
’ “ I can no longer support, even In
directly by a silent membership, poll
des which I believe to be mistaken
and contrary tv the purposes for which
the D. A. II. was founded.”
NAT. BANK RESOURCES
PUT AT 28 BILLIONS
Deposita Increased - by 871
Millions, Report Shows.
Washington. ---Resources of 7,408
national banks in the United States as
of December 31 Inst totrfled >28,882,-
483.000, according to figures compiled
and made public a few days ago by
James W. Pole,, comptroller of the
currency.
National bank resources on that
date, according to the report, were
>958,173.000 greater than resources
A bicycle race from Eugene to Cor reported on October 4, but were >L-
796,073,000 less than the resosree» re-
vallis and return w ill be conducted by
p«»rle<1 on December 31. 1028.
the 4|p*teur Bicycle league of Ameri
Ixiana and discounts. Including re
ca, February 22, It was announced by discounts, December 31, amounted to
J. E. (Dtnty) Moore, state representa >15,150.040.000. an Increase o f >188,-
tive of the league.
109.000 since October 4, but a decrease
Pootal receipts at Eugene increased of >129.585.000 In the year.
Total dejioslts on December 31 ag
4 per cent in January ov«lb-danuary
last year, the total being >13,892. Ecah gregated >22.773.493.000. which was an
month but. two In 1929 sh'dwed an in Increase of >871.400.000 since October
4, hut a decrease of >1,573.887.000 In
crease over the corresponding periods
the year.
In 1928 of 2 to 10 per cent
Included In th e to tal d e p o sits w ere
The consolidation ef the school dia
tricts of Drain,. Sunnyside, Eureka,
Leona, Gunter and Cold Springs, In
northern Douglas county, has been ac
complished, and the plan approved by
the county boundary board.
W illamette valley loganberries were
hard h it by the recent below-freezing
temperatures, according to informa
tion brought to Salem by growers
Blackberries also were aaid to have
suffered from the cold spell.
d em an d d e p o sits o f >11.102.750.000
and tim e d e p o sits o f >8.434.442.000.
T h e tim e d e p o sits Included po stal
sa v in g s of >00,707,000. Time certifi
c a te s o f d e p o sits o f >1.308.242,000 an d
sav in g bank d e p o sits Of >6,024.199,-
900. w hich w ere re p re se n te d by 15.-
060,840 acco u n ts.
In v estm en t in U nited S tn te s s e c u ri
ties of 8* 012.087.000 show ed d e c re a se s
In th e th re e nnd tw elv e m o n th s p e ri
ods o f >92.787.000 and >390.033
respectively.
P aid In c a p ita l stock o f th e h an k s
According to officials of the Beaver w as >1.704.473,000. ex ceed in g h.v >33.-
Portland Cement company the Gold 199 000 th e paid-in eap ltn l on O cto
H ill cement plant, which has- been ber 4. an d >87.997.000 g re a te r th a n on
closed down the past several months D ecem ber 31. 1928. S u rp lu s fu n d s of
pending annual repairs just complet 91.54R.370.(XX) an d net u n d iv id ed p ro f
Its. ex clu d in g re se rv e acco u n ts, of
ed, resumed operations last week.
Intangibles taxes of >50,859.17 hae
been turned over to the state treasur
er by the state tax commission. It
was estimated that the tax would
raise approximately >400,000. The law
provides that the tax shall be payable
p rior to March 1.
Unemployment is becoming a prob
lem on Coos bay and North Bend and
Marshfield charitable organizations
are planning for a wide effort in relief
measures. The situation, as some
view it, is more demanding than It
has been for several years.
K.
iii
....... ■■—■■■■■■ ■
>497.0-13.900 a to tal Of >2.045.419.000.
show ed a red u ctio n o f >2-5,095.000
Since O cto b er 4. 1929. hut an In crease
o f >83,592.900 In th e year.
The circulating notes outstanding,
which aggregated >048.420.000. were
>5.310,000 more than In October, but
>3.985.000 less than a year ago.
Students W reck Jail to
Free 12 of T heir Pal»
Albion. Mich.—Three hundred rio t
ing students nt Albion college tore
down the city ja il to release 12 of
their number that had been placed In
cells following r. celebration of a
THE M ARKET8
basketball victory over Alma college.
Portland
Jacks» n and Hillsdale were asked
Wheat—Big Bend bluestem, >1.27;
to send sjnte police to quell the dis
eoft white and western white, >1.17;
turbance. Tear gas bombs were used
hard winter, northern spring and west by police trying to drive back the
ern red, >1.15.
students after they had raided the
Hay—^lfa lfa , >24@24.50 per ton; Inll nnd were attempting to release
valley timothy, >20.50 0 21; eastern 190 other students held by Jollee In
Oregon timothy, >23023.50; clover, the Boltn theater.
When the state police arrived the
>20; oat hay, >19; oats and vetch, >20
rtudents In the theater were released.
02OKO.
B utterfat—32 @36c.
Eggs—Ranch, 26@30c.
Cattle—Steers, good, >11011.60.
Hogs—Good to choice, >9.60@ll.
Lambs—Good to cholee, >10.50@11.
- r
Seattle
Wheat — Soft white and western
white, >1.18; hard winter, and north
ern spring, >1.17; western red, >1.16;
Big Bend bluestem, >1.28.
Eggs—Ranch, 26@29q,
Butterfat— 41c,.
Cattle—Choice steers, >10 @10.28.
Hogs— Prime light, >11.25011.35.
Lambs—C h o lc< >11.50 @12.
8pokane
Cattle- Steers, good, >10.25@ll.
Hogs—Good to choice, >10.85@ll.
Lambs— Medium to good, >10.750
11.10.
FIVE-POWER CLAIMS
BEFORE CONFERENCE
Un’ted State« Indict« 132
St. Louis.—The federal grand Jury
returned Indictments charging 132 per
son'’. Including two women with viola
tlon of the prohibition laws. The w rits
were brought under the Jones law.
London. — T h e ” naval
conference
which has been In session here fo r
the past four weeks now la wres
tlin g w ith the various claims of the
five powers directly Interested In the
proposal to reduce fighting equipment.
France and Ita ly were the lust to
enter th eir demands. The general
alms o f the five powers as they have
been revealed at the conference table
are as follows:
On February 6 Secretary Stlmson
Issued a statement summing up the
naval aims of the United States
based upon Immediate purity with
Great B ritain in every class of ship,
the gross tonnage of the two fleets
being substantially
1.200.000 tons
apiece.
In battleships , the United States
suggested equalisation of the two
fleets by 1931 Instead of 1942. In de
stroyers and ulrcraft carriers the
United States suggested equality of
tonnage and In submarines the low
est tonnage possible.
On the debated cruiser question the
United States suggested uu arrange
ment whereby the actual difference^
would be 12 (NX) tons. Of the larger
cruisers the United States would have
18 and Gr^at B ritain 15. giving the
Unite») States an advantage of 30,(NM)
tons. Of the smaller cruisers Great
B ritain would have an advantage of
42,000 tons. Kacli nation would have
the option of building to the exact
figures of the other If desired.
The Amerh-an suggestion to Japan
would produce an “ overall’’ relation
not based upon the same ratio In ev
ery class of ship.
No proposals were made to France
and Italy, although the necessity for
a satisfactory solution of French and
Italian problems was recognized as
necessary.
On February 7 Prime Minister Mac
Donald issued a statement on British
alms, his pronqunceinent being regard
ed by the American delegation as
complete acceptance of the American
suggestions.
The prime minister propose«! the
eventual abolition of battleships, and,
falling that, a construction holiday un
til 1935.
Capital ships would be brought down
in 1931 to the leTel which the Wash
lngton agreement proposed for 1930„
Be fu rthe r proposed reduction In hat1
tleshtp slse to 25.090 tons with gun
calibers reduced from 18 inches to 12
Inches. In addition, he suggested a
new conference In 1930.
In a ircraft carriers he suggested re
duction In tonnage from 135.000 t«f
100,000, with a reduction In size to
25,000.
In destroyers he suggested lim itation
of the American and British fleets to
200,000 tons, with lim itation In size of
destroyer leaders nnd gun caliber.
Abolition of submarines was sug
gested, and, falling that, lim itation tn
Size and numbers in addition to lim i
tation In their use against merchant
vessels.
Japan’s statement expressed w illing
ness to agree to a holiday In capital
Ship construction until 1930 nnd fa
vored reduction In battleship tonnage
to 25,000 tons nnd gun caliber to 14
Inches.
The Japanese favored lim itation In
a ircraft carriers nnd an increase In
their life from 20 years to 20 years.
In submarines Japan reiterated her
peed for submersibles because of fhelr
adaptability fo r defensive purposes
snd because of Japan's geographical
position.
The French statement expresse»! w il
lingness to accept a naval program to
run from 1930 to 1930, the French
fleet to aggregate 724,179 tons hy De
cember 31, 1930.
This would represent n building pro
gram of 24O.IMXI tons, of which it was
stated 193,800 would represent replace
ments.
The French program culled for 99.-
029 tons of submarines, 1(M),(XX) tons
10,000-ton cruisers, 150,460 tons of
capital ships coming tinder the Wash
ington substitution agreement nnd 52,-
T91 not coming under that agreement
A ircraft carrier tonnage would be 32.-
J40 nnd light cruisers, destroyers amt
supplementary vessels 258,597.
In addition. France said she would
consider favorably any form of ngree
ment fo r a mutual guarantee of se
curity, thus Intimating her w illing
ness to conclude a pact to gi\e an
added sense of security tlint might
result lit further naval reductions.
Italy Is w illing to reduce armament
to 1()9.<XK) tons If nrcessiiry If the con
tlnental powers hind themselves to
that low fi-u ie. Italy continued »<»
hold to Its contention that It must
have the right to parity with any con
tlnental power. So far as the Imme
diate preenf, this means equality with
France, hut It might mean equality-
with Bti-'da or Germany or any other
continental power that m'ght build up
Its fleet.
F ire L ess 5 2 ,0 0 0 ,0 0 0 at K im berly
D eny P lea o f Murdar«»«
Capetown, South Africa.—Fire de
stroyed the Theater Royal nnd several
shops In the heart of the retail step
ping district of Kimberley. The dam
age was estimated at approximately
Htnenlx, Arlz.—The Arizona stale
board of pardons and paroles jlenlod
the petition of Mr».. Eva Dugan for
commutation of the death sentence.
Fhe Is to hnng here February 21 for
the murder In 1927 of A J. Mathis,
aged Tucson. Arlz., recluse.
>2.999,999.
Marine« to G et N in e F ig h tin g Plane«
Washington.—The navy department
placed with the Curtiss Aeroplane and
Motor company an order fo r nine
fighting planes, costing >117,582. for
the use of the marine corps.
Farm Board A pproves B ean Co-Op
Washington.—Approval was given „
by the federal farm hoard for a >1,
000,000 co-operative organization of
national bean grower«.
GETS HIS MAN
BUT LOSES LIFE
IJ —
Two-Gun Man From Ken
tucky M ountains Makes
/ Good HU Boast.
Paintsville, K y.—A two-gun mao
from the mountains, vetcrun of half a-
dozen pistol battle* and survivor of
almost as many gunshot wounds, re
cently made good hla boast that if a
policeman arrested him again, “ I ’ll
have to k ill blm,” but it cost hlin his
life.
The two-gun man, Joe Custle, for
mer constable, •'«hot It o u t” w ith Pa
trolman Jess D t'g on th e main street
of this mount&L5 towd while hundreds
of shoppers scattered for cover.
Dills, with two **.44 specials” still
spitting bullets, dropped dead almost
In his tracks, shot through the heart.
Castle, with a .45 In each bund, went
down mortally wounded, dying In a
hospital. John Marshall, Johnson coun
ty Jailer, also Involved in the shoot
ing, is locked In his own Juil. Ofllcers
say he probably w ill be churged with
murder.
Feud Only Month Old.
Trouble between Cas le and Patrol
man D ills started a month ago, local
police said, when D ills arrested Castle
on «a charge of drunkenness. Castle,
who had been a constable for almost
20 years, was removed from office and
received a Jail senten ,e and a fine.
He was released on bond pending an
appeal.
At the conclusion of his trial, po
lice said, Custle remarked that when
he served his sentence, "Palntvllle
won’t be large enough to hold the two
of us,” referring to Dills.
Following the shooting, Castle, In
an ante-mortem statement, told his
story of the gun play of Dr. E. E.
Archer, attending physician.
“ Elmer Conley und roe had had sup
per with John Marshall nt the Jail,’’
said the wounded man, as life slowly
ebbed away. “ We all started down
the street and when we came in front
of the Hulntvjlle Grocery commpany
Policeman Jess D ills came neross the
street from Jtoblnson A Melvin’s res
taurant and took hold of John Mar
shall and told him he would have to
take him to Jail.
“ MarSitall drew his pistol, and us
they were In a scuffle 1 hit Policeman
D ills over the head with my pistol. I
emptied my pistol at him and was re
loading It again. I think D ills took
John Marshall's pistol away from
him.”
Then Gens 6lazed.
Witnesses said Dills approached
Marshall and Castle, who apparently
had been drinking, to arrest them for
drunkenness. As the patrolman took
Marshall’s arm. Castle stepped up.
“ I'll have to ta k e M arshall to Juil,”
D ills said”, acco rd in g to w itn esses.
“ You don't have to go unless you
want to.” Castle replied. The ene
mies, Castle nnd D ills backed off a
pace or two and a few seconds lutcr.
bullets were zipping through the air.
M arsh all, w ith tw o .hSs, fired tw ice
from one gun nnd once from th e o th
er, w itn e sse s said . - D lls and C astle
both em ptied th e ir p is tils.
An element of m.vst» ry entered the
shooting later wlwen it was reported
that bullet holes in a window nt the
Rcene of the shooting a pi »eared to have
been made hy a pistol of .32 caliber,
w hile all of the participants were
using bigger weapons. They advanced
the possibility that a fourth person
figured in the battle, apparently firing
from neross the street.
Feeling against Marshall Is running
high here as Dills, n war veteran, was
well liked In the community. The
sheriff would not reveal his plans but
it was expected he would spirit the
prisoner away to another ja il. Castle
had figured in a number of shootings
nnd was known ns one of the most
fearless men In the Kentucky moun
tains. He had been wounded several
times nnd a short time ago spent al
most three months In a hospital re
covering from gunshot wounds.
Friday, February 21, 1930
GRAIN CORPORATION
BUYS IN 6 CENTERS
Price Five Cento
COOK TO BE PAROLED
BANKERS RETORT
DROP IN SAVIN6S
New Stabilization Agency
Begins Operations.
Lure of Stock Market Partly to
Blame, but Slackened Specula
tion Expected to Bring Return
— .to Thrift
Chicago.— The Grain
Stabilisation
corporation, newly created agency of
tlie Fanners National Grain corpora
tion tlie past week made Its first move
in its announced program to steady
whfeat prices In the United States.
According to W. G. Kellogg, presi
dent, of the stabilisation corporation
and general manager of the grain
corporation, th e . stabilisation corpor
ation made substantial purchases
qf wheat in the open market In Chi
cago, Minneapolis, Duluth, Kanpaa
City, Omaha and HntchlnsoqrKan. The
wheat w ill be stored, processed or mer
chandized at the discretion of officers
of the stabilization corporation. It was
announced.
In Washington It was announced
that tlie federal farm board hM
granted the stabilization corporation
an In itial credit o f >10,000,000 with
which to purchase wheat The cor
poration Is not lim ited as are other
corporations, formed under the agri
cultural marketing act, as to Its deal-
Ipga In grain to nonmembers, it was
pointed o u t It may buy from or sell
to any one, there being no restriction
to membership business.
Tlie corporation, however, la a
nonprofit, nonstock corporation and Its
membership w ill be limited to co-op
erative associations, which are en
gaged In the marketing of grain. The
stabilization organization is clothed
with wide powers and It Is Indicated
that It w ill have abundant financial
resources at Its command.
W ith the advent of the stabilisation
corporation, the wheat farmers of the
country now have two agencies at
their disposal for the purchase of
wheat. The other agency Is the
Rural Grain corporation, a subsidiary
of the Farmers’ National Grain cor
poration. This organization has sev
eral times entered the markets In
the past In an effort to Improve the
tone of cash grains.
, As one of the agreed policies of the
new corporation. It was announced
that It would enter the market and
purchnse grnin fo r the grain corpora
tion wlien there was a poaslbillty of
the assumption of a risk In the
t an sarti una.
Wlien there la alight
possibility of such risk the purchase
w ill be made through the Rural
Grain corporation. It waa stated.
It was also announced that the new
stabilization corporation might be
utilized as a nucleus fo r stabilisation
agencies for other crops, such as WP9l.
cotton and coarse grains, should the
farmers’ advisory committees of the
government
co-operative
societies
recommend their establishment.
Mr. Kellogg stated that the stabili
zation corporation might eventually
sell its holdings to the m iliar or the
exporter, that It hod already provided
storage facilities fo r quite a large
amount of wheat and that addition
facilities would be arranged when ne
cessity demanded. Most of the star-
nge facilities are in the central grain
terminals. It was said.
IIend(iuarter8 of the stabilization
corporation Is In Chicago. Establish
ment of branches in foreign countries
may be* considered In the future. It
was said.
Russ to Have 17,000,000
in Air and Gas Defense
Moscow.—Under a special five-year
plun adopted by the Soviet Volunteer
Society for Aerial and Chemical De
fense. which is a powerful civilian arm
of- the regular Red army, navy and
aviation forces, Soviet Russia w ill
have 17.000,000 persons * tn various
branches of air and gas defense hy
1934. There are now 5,000,000 so en
gaged.
In unfolding the plan Alexander
Malinovsky, undersecretary for the so
ciety, said the authorities would in
crease the number of aviation schools
from four to 25 and train thousands
of pilots.
The number of aviation groups w ill
be Increased from COO to 2,500. Vol
Penchant for C c b r
unteer detachments numbering 31,000
nnd
embracing 6,000,000 members w ill
in Shoes T raps B andit
be engaged In the protection of habi
T okyo, J a p a n .—K iyoshl N nknJItnn Is
ta tio n s from gas attack.
In Jail serving a term for burglary be
cause he would not sacrifice Ihls b ril
liant shoes.
I
Senate's Vote of 52*26
Nahnjima, notorious as / Tokyo’s
O. K’s Hughes as Justice
“ brown shoe” robber, committed fifty
Furglaries, sixteen at the point of a
Washington.—Charles Evans Hughes
revolver, within a month «nd finally was confirmed by the senate by a vote
was captured ufter police had round of 52 to 20 fo r chief Justice of the
ed up every suspect in the, capital
Supreme court of the United States. It
wearing tan shoes.
The fact that
Is expected that Mr. Hughes w ill take
most Japanese wear a light cloth shoe his sent ns chief Justice on February
called a “ tab!” und wooden clogs made 24, when the Supreme court recon
the task of the police easier than it
venes.
may sound.
Previously a motion to send the
nomination back to the Judiciary com
mittee lost by a vote of 31 to 49.
Voting for confirmation were 88 Re-
'puhllcans and 14 Democrats, while in
Hookey Play Brings
the negative w-ere 11 Republicans and
Grief to Youngster
15 Democrats.
Ju a re z , Mexico. — Mrs, 1‘aulo
Augllar wanted her two smull
Italian U nem ployed Reach 462,943
syns to grow up and be gentle
Rome.—The number of unemployed
man. nnd. although she suffered
In Italy on January 31 totaled 462,948,
from tuberculosis, she could not
showing a normal seasonal Increase,
let them leave school to work. ❖
comparing with 461,899 on the same
One of the boys played truant
date a year ago. The January figure
so that he might earn a few
was an Increase of 59,200 over De
pennies to give to Ids mother.
cember.
.
When he arrived home he found
her dead.
_ P arro t F eve r Kill« Doctor
Sobbing, the child ran to
Baltimore, Md.—Dr. William Royal
neighbors and c r i e d : “ M am m a
Stokes, director of th i city health de
told iqp never to play hookey,
partment’s bureau of bacteriology, died
or soruethlng^iijpuld happen."
here of psittacosis, or parrot fever.
The first recession in the nation’
savings account In banks in the twen
ty years during which records fas this
field have been kept by the Amerioaa
Bankers Association was disclosed tor
last year tn the recent annual eompila
tlon prepared hy Its Savings Bank
Division. The shrinkage amounted to
urea for the year ending June 29. 1323,
whereas a : ear earlier the reported In
crease was over >2.300,000.000, the
Washington. — The federal parole largest ever recorded. The number
board has recommended that Dr. Fred of savings depositors also decreased
Z rick; A. Cook, Arctic explorer, now daring the year covered by more than
r serving a i5-year sentence, be released 500,000 accounts. The lure of the
from Leavenworth penitentiary on pa stock market and affiliated activities
are cited as part of the explanation
role.
“'
.....
for these changes.
The association’s statement tare
that savings deposits In banks and
VOTES TO TRANSFER
trust companies of continental United
PROHIBITION BUREAU States on June 29. 1929, stood at >26.-
217,656,000. The recession In savings.
It declares, Indicates a fundamental
House Takes Action on First change In the savings situation. Irre
Wicker sham Proposition.
spective of whether It Is temporary or
not
Washington.—Transfer of the pro
How Savinas Used to Grow
hibition bureau from the Treasury to
"In 1926 savings deposits increased
the Department of Justice, the Jrst >1,562,000,000. In 1927 almost >1.400,-
of the legislative measures of the 000,000 and in 1923 over >2.200.000,-
WIckersham commission and Präsi 000,” It says. “It appears bow that
dent Hoover for tightening .’.ry law some Influences In one year have taken
enforcement, was approved by the 4he gain that might reasonably have
house.
been expected in savings deposits for
The bill, as reported from the com 1929 and lowered them from the high
mittee on expenditures In executive mark of the preceding year. This re
departments, was passed by a viva cession la not one coming ee a result
voce vote. Only a few dessentlng of drouth, famine, unemployment er
votes were heard, no serious opposition conditions outside of the United
to the measure sa a whole being ad Stated.
“A year ago It waa stated: The year
vanced although many of Its support
ers, drys as well as wets, were skep closing June 20, 1928, registered the
tical as to whether the shift would largest gain In ^savings deposits In
mean any real difference In enforce banks and trust companies of eontl*.
nentsl United States ever recorded
ment conditions.
Administration forces proved to be In the history of this country.’ What
In complete command of the situation, a difference one year makes 1 From
defeating the- proposal of alcohol a gain of more than 2’A billions of dol
using Industries for retention of entire lars In savlnge deposits to a lose of al
authority over Industrial alcohol In most 200 millions I
“The loss In saving! deposits to re
the Treasury department and also de
feating the proposal of a minority of flected also In the loss of savings de
the expenditure« committee for vest positors. The year 1923 showed a to
ing complete alcohol powers In the at tal of 13,664.137 depositors, against
66,186,246 for 1926, a loss of 634431.
torney general.
“Industrial production was modi
Under the bill as passed the attor
ney general will have jurisdiction over higher last year than the preceding
law enforcement activities, but the year. Factory payrolls were eoaetd
treasury will continue to have supen erably greater. _ In production, em
vision over the issue of Industrial ployment and trade, advances were
alcohol. The attorney general Is given made over the preceding year. In the
Joint control with the secretary of the farm areas the Improvement noted for
treasury over the alcohol regulations 1323 did not recede In 1923 and the
livestock Industry in all Its branches
and also Is given a veto power over
was prosperous.
Issuance of permits.
The Causes of the Drop
The minority amendment^ which
“The causes of the receesloa are
also met defeat/would not have taken
the authority over issuance of per possibly multiple. There la scarcely
mlts from the secretary of the treaF any reason to doubt that one of the
Important factors draining away sav
ury, but would have forced him to
ings and decreasing depositors has
administer the law under regulations
been the lure of profits to be made In
formulated entirely by the attorney
stocks. For a number of years the
general.
people have been regaled with stories
The bill will now go to the senate,
of profits made In stock's In all types
where action will he delayed until of companies. During the last few
after the tariff bill Is out of the way.
! years there has been a specious phi*
Dr. Frederick A. Cook.
expected to make an effort to amend
the bill In the senate Judiciary com
mittee. It Is thought likely that the
bill will be passed by the senate be
fore congress adjourns 1
The other WIckersham bills may not
fare so well. While the house may
pass some of these measures, which
Include bills Increasing powers of com
missioners of federal courts In dealing
with prohibition cases, defining minor
offenses under the Jones law, tighten
ing padlock provisions of the Volstead
act and providing for a uniform bor
der patrol, there Is little likelihood
that the senate w ill reach action on
any of them before next winter.
WASHINGTON BRIEFS
President Hoover w ill give a radio
address to the Boy Scouts of America
at the twenty-fifth birthday party of
the organization on March 10.
The house passed the oleomargarine
b ill providing for a tax of 10 cents a
pound on cooking compounds made and
colored In im itation of butter.
An appropriation of >50,000 was
voted by the house to cover expenses
of the commission named by President
Hoover to itu d y conditions In H aiti.
The ways and means committee of
the house approved s bill authorizing
payment of approximately >2,800.000
to German owners of patents seized
and sold during the war to the Chemi
cal foundation and leased by It to the
United States government without
cost.
Colorado F ears Sm allpox
Denver, Colo.—The state board of
health has advised Its 250 health of
ficers throughout Colorado that “the
entire state Is threatened with an epi
demic o f small pox” and has called
upon them to urge vaccination Immedi
ately In their commqpUea.
W ill. H arvard > 5 ,0 0 0 ,0 0 0
Philadelphia, Pa.—Harvard univer
sity will receive nearly >5,000,000 un
der the will of Stuart Wyeth. Philadel
phia chemical manufacturer.
formerly occurred were no longer poe-
plble.
“If it was the lure of profits In
stocks which caused the receealon to
savings, then a factor in future sav
ings will be the success attendant
upon thia venture of savings depos
itors In stocks. If the experiment did
not prove generally successful, then
another year will doubtless wtlneae
an Increase in savlnge deposits as well
as In savings depositors.”
HELPING YOUNG FOLK
,
TO BECOME BANKERS
Î Through the American Institute of
Banking, which Is the American Bank
ers Association’s educational section,
the banking profession la educating
35,000 bank men and women to the
technical and scientific departments
of their work. These students are en
abled by this Institute, which la entire
ly non-commercial In Its operations, to
obtain a grasp of the finer points of
banking without Interrupting their
employment or Interfering with their
earnings, In their bank Jobs.
The courses given. Including bank
ing economics and law and bank ad
ministration In all the departments,
have been worked out under the di
rection of senior college educators
and the lectures are always given hy
practical men, such as lawyers to the
legal courses, experts In banking oper
ations and college professors to tke
economics courses. There are chap
ters with meeting rooms to over 399
cities and also a number of smaller
study groups are fostered with eer-
respondence aid.
It has been said that the A. L B , ne
it Is familiarly known throughout the
banking field. Is the greatest adult ed
ucational organ lzatloa fas the world
and Is supplying the banking bnalneee
with the largest euppfy of trained
workers each year that any compar
able line of business Is receiving. The
organisation bolds an annual coaven-
tlon attended by hundreds ef young
bank workers ns well a« senior beak
officers actively Interested to further
ing the Institute’s educational work,
nt which numerous technical subject«
of practical banking application are
presented nnd discussed. Thia year’s
eonventlon will be held at Denver, .
Colorado, Juno I I to W.