PAGE TWO
EVENING HERALD
Issued haily except Hmi.luy by The
Horald Publishing .: Coo-uny
. " Office, 110 North iClgbih Street
I. .in..' Klatuatli Kalis, Oregon.
XV? HKH W ROOD, Pre.. Kdltor
.Watered as second-class matter at
,the .post .office at Klamath Falls,
flrogon, under act of March 8, 1879.
Member of tho Associated Press
THB ASSOCIATED PRESS Is ex
clusively entitled to tha use for re.
puniiontlon of all news dispatches
TtMllUd to It or not Otherwise crad-
WW. jn mis paper, and also the lo.
al news . published therein. All
Wknts of republication of spectnl
uiapnicnes noretn are also reserved
THE EVENING HERALD, KLAMATH FALLS, OREGON
MONDAY. JULY 21, 1924
THE DEMOCRATIC DELEGATE ARRIVES HOME
The Evening Herald is the official
PftJier of Klamath County and the
.. ., city, or Klamath rails.
J SCBSCRIPTION RATES
, Dellvorra by Carrier
,ONB VEAB r....r-...
..MX . MONTHS .,i ,.
i THHKI3 MOXTH8
OvMi MONTH i.; ,,
By Stall
98.BO
. 8.80
. 1.0.1
... .03
OVE TEAR '
SIX MONTHS
ONE MONTH
....93.00
8.7S
" .60
MONTAV. JfLY 21. 1034.
" AIR RACK LIVENS UP.
"'There Is real competition In that
round-the-world flight, after all.
After a rather dull period, ust when
the public had begun to lose Interest,
.h&5ontest- suddenly began o llTen
lp -This was due to the eurprising
I'pnrt of the American aviators.
nlr .the nfhey da. wav fa
fff Crl'kn . fir A I n I.L. ' All - .
l 111 ah i once
Ith ejy arrived 5 In Western Europe,
. 'nier to hop across the Atlantic on
I herhome stretch. There hare been
!io more of the tedious delays that
narked the first stages of the 'trip.
. Distances sare much ' shorter,
hough It la difficult to realiie that,
i 'lore than two-thirds of the journey
jpa been covered. The Hlere have
ipught np and gone ahead of their
jchrille. -;The recent expectation at
i Vashtligton has been that they would
j irrlve there by Aug." 10, a lull month
i o the good. - Th8 pilots are treed
irqf) retarding restrictions, and
If re encouraged to make all the speed
JJhey' can. .
H Why this sudden rush, instead of
jhs leisurely completion of the tour
Ithat the public 'was led to expect?
IKppsrently TJncle Sam ; himself has
jcaught the sporting fever, and wants
IJthose American filers to win the
jjworld race, even though he refuses
officially to acknowledge any race.
2! The government evidently- has
(taken to heart .-tha interest -with
tkhlch the American public followed
Uhe' spectacular flights of the British,
J"rencb and" Portuguese aviators, es
'taclaHy those "of MacLaren and
)'OJsy., The .latter has quit, under
rSeVs; but "MacLaren. tie Britisher.
aysoon be in the United States.'on'
lis MV.9GlTfl1J t T r. n -I n ' T t
. " "
jpcally a race from now on between
ilmand the Americans.
CATCHING VV WITH SCIENCE.
mas Da mo
I 9Wee (Mlt ( how to olo Town I ' . cwi ,
X0S ''''j
vJWwiVlv4 k Mft - SHNt Tftea Plants
ViHMM AM XsrTzQ. ' The tw Bte t
. i'J&wivM i n : r A.rfv upt fat fx niw-
I 'v (lu i CJ
( 'Mk ( ir)
KnMjhBEaTWT? .$Vss-- . j 1
J&L&.f f H6 ViOfXS HERS ) J KIOL ' 't'lVAlB
Nl V i ' I.- - I -si- V-lTi-'ai A II I
Every Day in School Pays a Boy $9
By l O. Ht)Iil)KN, !
Plaid Director, AKrlculturnl lOxtanslou UcpiirlmmU,
j ' ' . ltilernullonnl Harvester Company
The whole world Is facing a period
of reconstruction. ' Not only to-day,
but tor yvara to come, the people of
America, as of every other country,
will be called upon to solve problems
that will demaud the best thought.
(Mgantlc tasks await our munition.
Upon men of ability will depend our
progress.
Does education pay? It la hotter
to take our boy out of high school
and put him to work? Us It bettor
for the boy?
. Who would consider It uu net of
w idout to tako a, boy from a Job
vyhnra he wa earning 80.811 a duy
nnd put him to work earnlug 81. SO
a dayT
- A man Is worth 1 1.60 a dy from
his head down. What he conn over
tluit bpende upon wha ie Iwna
stored away in his head and the use
he makes of It.
Fall to Value Kdtieartun.
Too many of . us are Inclined to
disregard the advantages of au edu
cation. "Dad" didn't get any high
school train ng. He has been able
to make a living and he doesn't see
the noed of wasting any time In send
lug "Bill" to high school. But the
fact Is that every day tho boy spends
in school Is worth 89.20 and Unit,
probably, Is more than "Dad" ever
enrned In one day.
. A bulletin Issued by tha V, S.
lurcuu of Education, baaed on wages
pa d in the years before, tli,. war,
shows that the uneducated luborer
eurns an sverngo of TiU0 a year.
This means that In 40 year his total
earnings are 880,000. High nciiool
graduates earn an average of ll.oou
a year, or 840,000 In 40 years. The
average child must go to school 1
years beforo graduating from the
high school.' Thl ln,n total of 3.1 HI
days. Tho '830,000 which tha high
school griulutUo onrnt In exnets of
that paid to tho tiiioduenlud innu l
enuul to 19.86 for cuch day spent
In school,
Tho bullet n furtlior shows Unit
tho avuraga amount oarnnd by eol
leuo graduates In 40 years Ih I80.00U.
ll'takes tour yeara, or 730 days, lo
go through college. lf these 720
duys of school add 840,000 lo III
I'.milunn In 40 yours, every duy the
hnv spends In college ho Is eunilnri
856.85, ,
Kdiiiiitlon Incrmuira I'rwluclion.
l'resldout A. W. Van lloo.o. of
Shorter College, (leorglu, roconlly
compiled the followlug faets o th"
value of education;
Tho peoplo of Massachusetts have
un uvcrage of sevon years of school
ing and produce an average of 83110
a year each. In Tennessee the aver
ago schooling a only in roe years and
the average production .Is only 81 ID
por capita per year.
Out ot two million men who had
no schooling only 13 afialned "'
degree ot distinction. Out of two
million who had elementary school
ing 00 attained dtst notion.' Of two
million who had high school educa
tion, 1.345 attained distinction.
In other w rds, a child with no
iielioollng has but one chance In 1B0,
ooo of roudorlng dlstlnquUhod serv
ice. The child with vlomuntury edu
cation has four tluios thu; chance and
tho child with high school education
has 100 times the chance.
There aro sermons In stones, and
a large atono In a ring gives a girl
the right to preach.
MAIL PILOTS HAVE
HUGE MILEAGE SET
FOR THEIR CREDIT
CirlCAtlO. July 81. I'llolg wing
ing their 'uy hark ami ' 'rs
the imitud Hlulo.i In thu ulr mull
si-rvlco hud cmvoivil f.,!ltt4.10 uiljrn
up lu May 31, a dlstuucu done In As
803 hours, ui'cortllng lo liiiilier K,
i.nll, trafflo inuniignr nf air until snrv.
Ic hero. It Ii n gelHMiil averitu of
nitiily U3 nil lea mi hour, ,
The names or 41 tilers f ,0 li.ivn
given more limn luo hours toivlce
lu air mall are remained In a report
from Mr, Hull, with Hie voicimm K.
Iluniltlon l.cv, llcuolhrual head
diiartrrs. hading In number of
hoitr.i, ills ttiUM Muv III w t i 3.IIH7
hottna und UU mini. tea fur u dlstuiicn
ot 801,306 miles. He wui appomisil
to the lr utull In Utcvmber, I n Is.
sod t prifjent li.i the "run" be
tween l.tiug Inland snd novel mil.
To Pilot William ('. Ilupion,
Antsha beadousrlvra. went the honor,
however, of huvlng flown hU 1'la""
tho greateal tllalanco. In 3,330
hour aud seven uilnulix servlrft ho
cevnrsd 231,870 miles. Ho n' fal
low the alt- pnlh between (,'lilraKu
and Omaha. Hopson Is it Hill nr.
Kansas, product who enterer the air
mall service In April, 1830, after
a long reoord In civilian and army
(lying.
Only a few hours separated Ue
and Jiinus H. Knight for first place.
Tho pilot who ls made enviable
rei-ords lu ulght allying and staged
his memorable rare with death had
glvnn 3,311 hours and 68 minutes
to tho service when the compilation
was made. In which time he had
traveled 811.083 miles. Knight U
another Kaua man, born lu Lincoln,
who first entorert the sir mail serv
ice In June 1018. He resigned May
30, 1030 and was reappointed In Oc
tober. 1030. Ills Is fin Anions
Cheyenne route,
If,
, A western preacher recently!? oleed
. hitfear that science and invention
wei'too "far In advance of. mans
progress and therefore ; worked
against his oeacn of mind anit'lifn bv
obsaring truth. He seemed U think
the should be held back untX man's
Bpl&jtual and moral development had
caught up with them. t
: ' widely khown'-soelaf psychologlst
recently Btatedhe'sante tiling about
thetidvance of science and Invention,
bn&hls tonciuslcin was dttefrent.
Insauad of fea'ririg scientific progress,
heillmply poiictod out that increased
. iun, uovucu w viiug 'uiaa s
tocftil development up abreast ot his
juMcrlal development,
Stientifio discoveries : have 1 icomo
4hWk and ft, with new marvels
ipusltlng at t'h .beela ' of other new
' laitfvels. Yet the wise person would
tioulivifih to give up any one ot them.
ViHiizauon s A dizzy from its
rawi progrcBS' along material Hues,
built will undoubtedly catch its
briith, regain its poise, learn to use
thefwealth of leasure that science Is
: ofrlng It, loam to use tor Its social
aijfV-ispIritual welfare the tools that
scttpce has placed in its hands and
-thtf go .forward pnee more with
scfiftice. . , '.' .
' Jt18 sWltt tWWBCe of science Is hot
oiii'fcut of spiritual, development.
IuHad It Is a challenge to the best
thi$t ig in ua to- come on Into the
. ife Monii vsinNGS- stamps.
Jtio war savings stamps and certlt
4 have served a useful purpose.
They raised large sums for the gov
' - vromcnt" Bt a time when It coefed
all tho funds it could obtain, and they
promoted thrift tit a lime when thrift
mas essential tor i !i success ot the
K.li' so, 1 he c.!.'ti r ril t he nation.
f "jw it is agrocd (hat this savings
dcj. i-o Is no longer lHotled. The
K Ii Bment . 'reUuqnlalii's It gladly
1..., Vima If rTi- li.thim nit Ihn mnnav
V - '
II I' iimts ntfw:iu; iPils than 4' per
' . ..........
much; It has not been patronizing
his government bank so liberally of
late.
As tor the regular banks, especial
ly ih the West, they are well pleased.
They never liked to have the gov
ernment paying a higher rate of In
terest than most of therj could af.
iora to pay. They benefitted to a
large extent, indirectly, from the
public thrift so fostered; ' savings
were deposited with them eventually
In liberal amounts; ; but now they
are likely to be direct beneficiaries
of the action of the Treasury Depart
ment.
Everything considered, the change
seems to be a wise move, benefitting
the government and benefitting legit
imate private banking Interests with
out doing the public any harm. Timid
depositors who trpslXncIe Sam more
than private bankers may still avail
themselves" ot the postal savings
bank, "
A university professor makes a
strong argument for restricting im
migration by a system of mental and
physical tests. That is, the argument
sounds strong until you consider how
It would work in the case of two
young Chicago gentlemen named
Loeb and Iopold.
, With so many more plutocrats
paying taxes on million-dollar In
comes, maybe It is the workmen in
tbe building trades who are buying
all the tax-free bonds.
Klamath's bootleggers are to be
sent to Multnomah county. A recent
enfranchisement law gave us 00
mora voters, so it looks like the vote
would be about &s usual this Fall.
McAdoo is now crossing the At
lantic. The ocean may be rougher
than the Democratic convention but
it will not make him any sicker.
The deer season has been short
ened in Oregon but the open season
on pedestrians remains.
' Those Spirit Lake apes have cer
tainly made monkeys out of a num
ber of newspaper correspondents.
Now Scotland wants self-government.
BUt Isn't it more fun govern
ing the rest of the British Empire?
iron and mules are said to be very
much alike except that,a man can
kick. .while he Is pulling.
TOWN THREATENED
' AS HOUSES BLAZE
..EUGENE, July 21. Fire which
destroyed two homes in Watervlllo,
15 miles from Eugene, on tie Mc
Kenzie highway, late ye.itcrday
threatened for a time the entire Till
age, according to word today. Prac
tically every home In town was on
fire from sparks. Only prompt work
by volunteer fire tighters kept the
flames from further damage. The
homes of John Vaughan and Matt
Miliums, were destroyed. A third
residence' was partially burned.
After a search of three years an
explorer has found some of tho rich
emerald mines in Colombia which
were hidden by the natives from the
Spanish -conquerors more than four
centuries ago.
HUNTS
WASHINGTON
LETTER
By HARRY B. HUNT
NEA Service Paper
Washington, July 21. Washing
ton's I-remember-when brigade,
which always seeks to compare each
new political circumstance with
some previous similar situation,
preferably to take dts-advantage of
the newest development, finds It
self stumped in seeking an occasion
when more "fuss and fury" was
made over the presentation of the
name of a candidate for president
than that which attended Franklin
Roosevelt's speech at New York,
nominating Gov. Al. Smith.
After, much scratching of heads
and comparing of recollections, it
Is agreed that the demonstration
most nearly approaching those
staged for McAdoo and Smith, at
the recent Democratic battle royal,
was that accorded the presentation
of Theodore Roosevelt's name In
1004. ,
Next to that, and running third
to the recent records, was the hulla
balloo accompanying Bryan's sec
ond nomination at Kansas City fri
1900, when the Issue was "Imper
ialism." The custom of "demonstrations"
at political conventions, party Bages
agree, originated back in 1893. It
was the Republicans who started it.
althouKh the Democrats have Just
carried It to the ultimate of fren
zied absurdity.
At the Minneapolis convention
of the- G. O. P. in that year, a dele
gate from Colorado, In nominating
James G. Blaine, by the sheer mov
ing force of .his -oratory, touched
off a demonstration that lasted for
somo 15 minutes. It was an unpre
meditated,, unorganized spontaneous
outburst ., pL;-,enthuiiim . without
parallel in political history.
But even this first "demonstra
tion" didn't nominate the man
whom it honored. Blaine got the
demonstration. Benjamin . Harrison
got the nomination.
'
The Bryan demonstration of 1300
gave evidence of attempts' to im
prove on nature. Simple enthusiasm,
certain. leaders believed, was not
enough. They would add to It, by
artificial expedients. Which they
did.
For the first 10 minutes tho ap
plause and jubilation was sincere
and honest enough. After, that it
became a manufactured product,
which was continued through an
other 15 minutes. This record of
25 minutes was acclaimed as prov
ing the country's fervant opposition
to the "imperialistic" program of
the Republicans.
Again, the Democrats bad the
big demonstration; the Republicans
can-led the election.
Tho demonstration bug, however,
Inoculated the G. O. P. proceedings
at Chicago-In 1904 and the Roose
velt backers set out definitely to
outdo by at least five minutes tbe
Democratic Jamboree of 1900. It
was put through on schedule, and
maintained for exactly the desired
30 minutes. But It was palpably
forced throughout at lesst half that
time. Even the pugnacious person
ality of T, R. was unequal to the
task of maintaining for that period
a spontaneous .crescendo of cbeers
and applause, ' " '
THE CALIFORNIA OREGON
.... - - ,
POWER COMPANY
Hp (jf Preferred Capital Stock
O Price 98 per Share
YIELDING 7.14$
The proceeds of the sale ot this stock will be used .
exclusively for new, income-producing additions to
and betterments of property and equipment.
tcAIJrTJiVNWORECON7
I rOWLP. COMPANY
7 THE COMPANY
The history of The California Oregon Power Cam
ps shows a substantial growth In facilities and
earnings resulting from the Targe sums of money in
vested in its properties and from the development of
the territory which it serves.
; Steady Growth in Customers Served
The territory now served by The California Oregon
Power Company includes parts of Jackson, Josephine,
Kbmatb and Douglas Counties in Oregon, and
Si:.t:iyou County and parts of Shasta and Trinity
CcUnties in California. This is an area equal to the
irmbined areas of the States of Massachusetts, Rhode
If'Jr.d and Connecticut.
During the ten years from 1913 to 1923. the num
ber of consumers has grown to tho present total of
18 Z25. an increase of 177. Due lo the increasing use
oi eieciric power for industrial, agricultural and do
m Jtic purposes, the Company's output has grown from
aparoximately twenty-six million kilowatt-hours in
I'I3 to one hundred and fifty-two million kilowatt
hours in 1923 an increase of 475. -
In addition to its local consumers, the company en
joys a large and advantageous wholesale contract
demand from other power companies, thus greatly
expanding and diversifying its field.
Increase in Facilities
The company owns and operates eight hydro-electric
plants in Southern Oregon and Northern Cali
fornia In building these hydro-electric plants, natural
icsources are developed - which will be productive
forever. "' '
The Company's main trunk high tension and distri
bution lines at the end of 1923 were 1550 miles In
lrrrcth. .' - ,
The actual investment in the construction of these
facilities has increased from $4,787,624.35 in 1913 to
$11,752,016.19 in 1923, exclusive of valuable water
rights and intangible assets. ,
Immediate Future Development -
The Company is now engaged in building a new
4,250 horse-power plant on Link River at Klamath
Falls, and an additional power plant with a generating
eiracity of 40,000 horse-power at Copco on the Klam-,
a'.h Kiver. together with an important extension of its
liigh-lension lines. A large part of this increased pro
duction has already been contracted for, in the case
oi the new Copco plant, and it is estimated by the
Company, that the new facilities alone will increase its
net earnings by more than $400,000.00 a year.
WJUMVMUNKM
IN .OOKK9S
THE STOCK
Par value $100 per share.:
Dividends have been paid on The California Oregon
Power Company Preferred Capital Stock each quarter ,
since issuance, without interruption, at the rate of $7
per share per annum. Dividend checks are mailed
every three months. -
Proceeds of all securities sold are devoted exclusive
ly to additions to and betterments of the Company's
properties.
The stock is not assessable by the Company for
any purpose whatsoever. It is non-callable, and It pur
chased at the present price, yields a return ol 7.14
on the investment.
It is exempt from Federal Normal Individual In
come Tax.
It takes precedence as to assets snd dividends over
common stock amounting to $4,441,100 par value. This
means that all dividends on the Preferred Stock must
be paid in full before any dividends may be declared
on the common stock; and that the Preferred Stock
has a claim on the assets of the Company prior to tbe
common stock. The equity in assets back of the Pre
ferred Stock amounts to more than $9,000,000.00 as of
May 31, 1924 over two and one-half times the par
value of the Preferred Capital Stock now outstanding.
Upon the completion of the new Copco power
house, the new Link River power house, and other
projects now commencing construction, approximately
Five Million Dollars in new and productive property
will be added to the company's physical assets. 1
. The stock may be purchased in any amount from
one share upward.
It may be purchased either for cash or on our special
savings plan, namely, $5 per share as first payment,
and $5 per share per month. Interest is not charged by
the company on unpaid balances. ' ' ' .
Interest is paid by the company, however, on all
' partial payments under the savings plan at the ; rate
of 6 per annum. Interest checks are mailed to
subscribers under the savings plan every three months.
Subscribers who find it necessary to cancel their
installment subscriptions will be allowed a refund of
all payments made, plus Interest earned, either in cash
or In paid-up stock. (A deduction of $1.00 per share
will be made to cover the expense of cancellation ) ,
The stock is listed on the San Francisco Stock and
Bond Exchange,
THE RECORD OF TEN YEARS' GROWTH
Year
1913
1923
Value of Physical Prop
erties (not including .
water rights, etc.)
$4,787,624.35
. $11,752,616.19
' Gross
Revenue
$347,261.70
$1,370,544.78
Operating and
Maintenance
- Expense .
$143,746.67
$594,603.97
Net Earnings without
Deducting Interest or
. Depreciation
$203,515.03 .
$775,940.81
Kilowatt Hours
r-. Generated
; 26,485,359
152,124,781
ir
THE CALIFORNIA OREGON POWER COMPANY
r . . . - .-; ' : ' " ' ' ' ,'":':'-'..... j': i .
Ullices i Roseburg, Medford, Grants Pass, Klamath Falls, Oregon .. r. Yreka, Duruniuir, Crlifbrnia
i'.Y
"Mriii?,
v.- J
.1; any-member of our organization,
or ltinil this coupon .
; ,-: I t
today!
THE CALIFORNIA OREGON POWER COMPANY'
' ' ' MEDFORD, OREGON '
Please send me full information about your 7
Preferred Stock und special partial payment plan.
, Name ,. i , ,, , , '
Address :