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About The Klamath news. (Klamath Falls, Or.) 1923-1942 | View Entire Issue (Nov. 19, 1926)
f THE KLAMATH NP,WS C. M. & St. P. to be Sold on Monday to Satisfy Claims , " Receiver! ' Will Sell Property and Equipment, But No Bid Lett than $122,500,000 Can Be Accepted, Says Court. (Krum ,N'cw Vara; Times) ; On Nov. 23 the laraaet enrpnra- I Ion lo enter Ihn lunula of rcrclv r will bo sold al auction at Hullo. Mont., to thn highest bidder, pro vided the lilil ecerda ( 1 32.Cuo.ODil. Tho bankrupt company, which went under court direction oti March 8. 1 ft 2fi . In Uin Chicago. Milwaukee & Kl. I'uul rullwuy, which own mora in lien Hint It operates Ihmi uny oilier railroad hi the country. Kor mor limn a year ami hair lln operations huv been directed by til red receivers, II. K. Ilyrain, former prealdent of the comtinuy; Murk W. I'olter, a former tiiteraiain commerce cominlaaloticr, ami Kdwnrd J. Ilriindaac. ono t Imo attorney generul of Illinois. The property will In all prob ability be bought by IK own aocur II y holders, morn than all per rent of whom havn milia. rlbcil in a ro nrgunliutlon plan propnacd by Kuliii I.oeb a Co. anil the Nntlouul Cllv bank. It In, of rourae, possible that the opposition ronimltlee, rep- reaented by Kilwln ('. Jnmeaon. prealilent of Ilia (Hub anil ltulge-a Ire Inaiiraitro compniiy, would ill- lol mpt to bid agaluat the mujorlfv. but II la no unlikely na to be hard ly worth rotialdoratlnn. It Mr Janieaon took I la In alcp It would reiiilrn probnbly from J150.00o.0lln to I2uo.ouo.ooo In cnah lo outbid tho road'a bankera, and auch a miiii la not enally obtulnablo own In Wall alreet. . Mut Oliiolu I. f. f. Approval With the aale of tho property and the Anal unwinding of all the b'Kal red tape Incidental to auch procedure, the reoraanlied ronipany iniiNt obtain the approval of the In teraluto commerce commlaalon for the laauaiice of new. oecurltlca. which mcaua .In offocl that, the commlaalon must approve the ro nrgnntiatlnn plan. Nothing atari llng boa been diadoaed by tbia In veatlxatlon aa far aa Wall atroM ran aer. The moat that can come out of It. according: to oplulonai there, la an nil monition by the com mlaalon to lb director of the road to lake a more active inter eat n therfopfrt-a hereafter. Moot railroad official" are dlalncllned lo believe th lull are of the road In meal IK Umuiulnl ohtlgathHia ratuivj anoui tiiroitKH any niiamnnagcmcni. They feci on Hie contrary that fh road waa wall maiiaKed aud the aeat of Ita .financial dlatrcaa luy In the ili-rlnlr.il to build tlio 1'urvI Sound ealeualnn. or eitenalon to tho Pacific roaat. at a time when tho territory could not furnlah auffl cleat traffic lo auppart new railroad. Tlila devlalon waa mado before the prenent Immigration , lawa had been put Into effect or even dls euaaed. and at the rate new rltliena were coming Into the country at that time there waa every prospect that the northwest would be . pop ulated In time to support the new trackage. , Tho roenvcry of the company will, according to all eatlmnton, lie alow, but aure. I'nlnna the territory Buf fer from anotlior period of de preaalun. comparable to that of ' 1921 and 1923, a llliurnl natlmato places thn preferred atnrk on a dividend bnala by l3l. a conaervu live prediction by 1933 or 1934. It will be at leaat two or three year after preferred dlvldenda have been declared, financiers believe, . before It will be poealhln to pay anything on bn romninn atnek. INvklcnira arc K-eclel I no Blirrrin -inr mu miuii fmj probably fall a little abort of earning Ita old fixed rhnrr.cn. and the year following It may lie ante lo pay J or 3 per rent on Ita In come bonds, and the year there after perhapa 4. A few Investor of an npllmlslle frame of mind fool that It will ihn much bettor, but their lmpea are not borne out by sound flnunrlnl opinion. In fixing the prlco for tho property Judge Wllkeraon took all thonc facta Into conaldornllnh 'mid tllaallnwed tho high vol no ask ed tty the Jnmeaon coniniltteo. "Tho Jnmeaon committee which hnn been fully heard on IK appli cation," be aold, "clulin . Hint I2SO.000.000 la the Inweat tipact price which should, be named, to be rilatrlbutod aa follow: Highly million dollnra for the property of the Pngpt Hound mortguge; 1150, 000.000 for tho properly other than tho Puget Sound bonds atlhject to the refunding mortgage;., tJO, 000.000 for unpledged aaaota. "The propcrllea other than tho Puget Sound bonda covered by tho refunding mortgngo arc to bo aold aubject to tho prior Hen of more than 1150.000,000. Out or nn home of 1181,034.600 of tho Puget Bound bond". $15 1.489. 00 ore pledged under tho refunding mortgage" If you are uncertain about the arrangement or wording of your ad vertisement don't hesltnte lo ask us for suggestions. We shall be glad lo help you with the layout and the preparation of the copy at any time. For rusullt use Nows Class Ads. HOME LATE PLANT WIZARD IS BEING NICELY PRESERVED H.t.NT.l lll)N., ( ul.. Nor. IH. ---Tlie idil homo In nlilcli l,ullnr lluilwnk anil bla nioilier llvrnl In the ila when the plant siicn. Ilat wo ut'M-t by (lie grcatoat illr-flculllr-) In earning out hhr c. Iierluu'iita la being roiiovulail by llur lunik's ttlilow. The old homo la In an excellent aliile of preservation, anil Mm. Iluiliiuik plana lit retain ' Ita wlioleaonw old alle or arclil. tecum-. In iim try of the earlier life anil ai lileietiienta or (lie plant Hlannl, Greatest Auction In History Will Be Held Monday IIITTTK. Mont.. Nov. IK (Unlleii Newa) Adverllaed through thoua 'anda of worda of legal verbiage aa tho world'a greatiat bargain aale, tho one and inly of Ita kind, good between 11 and 12 a. m . and In raah and carry nlyle, I ho Chicago, Mllwaukco and Ht. Paul railroad, appralaed at t'SO.UOO.UOU, will be aold at public auction to the money klniia of the nation here Monday,' November 22. Modern Jargon of dlaplay. adver tlalng would make Ihla gigantic deal a 50-word aplaah reading more to 111 l eff.H-t; "(h lea go. 'Mllwuukeo and ,St. Paul, electrified, allghlly uoed. but in aideudld working order, regular ly priced nt 1 7.10,000.0110, now to clono out at huge dlai-nuni. So exchungea, no approvula, no altera tli'tia, nn rhurgo accnunta." That the aale will allruct a large number of early morning ahoppera who will crawl out of their Pull mnna In time to riu-ti up to the Milwaukee atatlon In the world'a greateat copper camp and put In their price and that the grabbing for bargnlna will be alralliir In many waya to tho annlveraary cruahra of the big department atorea la promlard In tho lively halllo 1 Iwren the Jamleaon group ot bond holdera and the Kuhn Loeh group if holdera of Milwaukee aerurltiea. The order for the aale waa made by a federul dlatrlct Judge In fhl en mi. after much litigation. The rraaon (or holding the aalo In Butte haa uever been divulged, but Dutte la not particularly amated or ex cited about Me UeaJ. llutle fee la that It la her due. that ahe la be ing given credit fur the big buliiooa which ahe docs u ltd alao binnuae of tho chntn of rlrlimalunva wlilch llnka !!trtu"Wr 0wr I mlnea 'and the .Milwaukee. , For yeara the dlrectora of! the Anaconda Copper mlnea. the lloi-ke-fcller Intereala and the 'Milwaukee" wore Interlocking. When the road waa eloctrlfled flrat In Montana for a diatonce of 440 mllea at a coat of I13.OVO.000. Montana copper waa mined, refin ed and drawn In thia atate lo pro duce the auppllea neceaaary. MIDDLE STATES HAVE SNOW FALL trantlanf-d tram race One) peralures below frcealllB. Steam and electric, lines were having dif ficulty maintaining train schedules and considerable damage waa re ported to telephone lines. A freak blittard, which began Wednesday at, Rock Island, HI., and touted 24 hotira, covered the city with anow frf-m five to aoven Inchon deep. A number of minor nccldenta have lc!i caused by the storms, hut so far no dejitha linvo been re ported. Although with predictions of con tinued anowv the governnvutil. wea thor bureau here haa Issued atorm warnings for all of tho Creat I-akea. except Ontario. To read The Klamath Newa day after -day la to keep thoroughly In formed on happenings of Importance, throughout the world aa well aa in Klnmath Fniia ann vicinity IF BILIOUS, SICK OR CONSTIPATED TAKE "CASCARETS" No headaohe, bad cold, sour stomach or costive bowels by morning Oct a 10 -rent box now. You're bilious! You have a throb Ing sensation In your head, a tad tnato In your mouth, your eyes burn, your skin la yellow, with dnrk rlnga under your eyea: your lips are parched. No wonder you feel ugly, mean and Ill-tempered. Your eystem Is full of ihlle not properly pnased off, and what you need Is a cleaning up Junkie. Don't continue being a bilious niilsnn-ce to yourself and those who love you, and donf resort to ihnrah phy sics that irritate and Injure. Ko mcmber that most dlsordcra wf tho Blomach. liver and nowola are cured by morning wllh gentle thor ough f'nscnreta Ihey work whMe you Bleep. A 10-cont 'box from your druggist will keep your liver and bowels clenn; atomnch sweet, land your head clear for months. Children lave to take Onsrarets I because Ihey tasto ftood and never gripe or sicken. Adv, Iowa Man Winner Cornhusking Belt And Now Champ FIIKMONT. Neb.. Nov. II. ((lulled Newa I Without benefit of clergy or tho Illble. Fred Htanek. native of Iowa, where the corn growa lull, won the world'a rorn huakJaiK rhamploiiahip Wedneaday by outahucklng all oppoueuta In tho final round. Five thoiiaanda apectatora, brav ing a driving anowatorm, aaw him ahurk 28.2 buahvla In an hour and twenty inlnutea, almoat three buahnla better than Ilia cloaeat com- pnlllora racord. Armed with a Illble Kliner William or Toulon, III,, the defending rbaiuplon and world'a record holder, went down to Ignonilnlnun defeat, flnlahlng IiihI In a field of lx with a poor averagfl of 21.3 buaha.n. ('. O. Heller, of Oneidn. III., brought hla paalnr with him to the allocking grouuda. He and the lev. M. L. Hinlth prayed before Ihn conical, but their Joint effcir'.H brought ' Keller only third place, with 25.2 buahela. Htanek. who cornea from Fort Dodgo, Iowa. neither prayed nor carried a lllbl-j. Ho took one look at the vafl crowd , ''". "' telephone operators atnrl- whirti would have been twice as ted II. ' largo had It not been for the! NowIlnaT wnPn oite'calla for a atorm rolled up hla sleevea. Pt ! uurahnr ln pr,iand the girl doean't on hla handa and began yanking , repwl, 'in,arti he ,ayt Mft. off the eara and stripping hunks, j jy -Thank you." crMtTAD D j All of which baa caused many OtNAIUK Ktfc-L) IS Idiaputea as to modern telephone LOVPR OF DOTa WHO ellqulte. The boy with the flap- Al WAYS MFFTS HIM p,n" pil0Ul ","'r nW "oa "Z are welcome" la good form but sla KANSAS CITY. Mo.. Nov. !. tl'nlted Newa) It, Ik late after noon of a pleuaunt autumn day aud a man atepa brlakly along the wulk leudlng through a apacloua Inwn to hla home. Aa he cornea from behind the clump of huahea. which acreena hla approach, a large liver spotted pointer dog leaps i from the front porch, rnahea to the ! man and paws him In an effec-j tionate wel-ome. The man la Senator James A. ' Heed, of Mlaaourl, and the dog la . Jefferaon Davia. ' Htlll a boy at heart. Reed haa! expressed a desire to once again have a quiet permanent home where he can piny with hla dog. Ilia desire probably will he real- lied In full as soon aa the senator leavra Waahlngton for good and cornea here to look after his law buslneaa. o t. . I Dean Ernest J. Jnu.ua Is director Sun rYimcist o Runmen have of tl, inBtitution, which la the aeu acret'U on a truce. A disarm- ' ond college for ..women west ot the anient conference may be call-; l,orkr niountains. v ed Inter. ft it. GIFT HEADQUARTERS 8 m This Ever Popular Gift . $5.00 to $55.00 CANDLE STICKS Brass, $1.75 to $8.75 Pair ' Silver, $1.75 to $5.50 Pair I. Wood, $1.50 Pair and Up Glass, 75c to $3.50 Pair ft ft ft "Buzza's" i STATIONERY I Gift Boxes. $75c to $15.00 FOUNTAIN PENS $t.00to$8.75 '--. Hii(KHXW:tlK!irA Friday, November 19, RADIOS ESTABLISH COMMUNICATION BY LATEST INVENTION H.VN lIMM, Nov. IM. (l'i.lle.1 New a) A radio ilevelopiiirnl villi ll will ennlile veam-U lo ea lubllali runiiiiuiileuilon wlilmut In Irrferrwe from algnala haa been annoaiarml by lJor Franrbi K. Pierce, railio of flier ut Hie I'nlliil HlMfa Idarlnn rorpa. The'lMVeeUue of Major Pierre, aalil to Jiare li n given complete and roau lualvr teala, la capable of rlrorhrttlea; . algnnla over rnter vrnlng wavea lo the Intrndeil re reiver . . I'nrter "act uI li-at two reaaela In eoutlu-rn I'Hllforiila. n Blent In. lercbangeil algnala wlililt a third vcam l beiwm-n waa uuable to In lerrept. ' Portland Enjoys Epidemic that is Pleasing to Manyr1 POHTLAND, Ore., Nov. 18. I 'thank yous" la sweeping Port ter, In many Inninneea, maintains that the sweet "thank you" rep reacnta the deaire of the "hello glrla" to find beaux what -with the dial system becoming more gen eral In use - and all that sort of thing. The new system, decided upon In an effort to aave time, apeed up service and enable the glrla to handle more calls, la generally- lik ed. Kt'llIPPS WO.MKVH 4-OI.I.KUK Wll.l. OPKX TIILS FALL CLAHEM0NT.4 Calif.. Nor. 18. I tl'nlted Newa) A new California women's collegej' to be known' as Scrlpps Collego for Women, will open for a Irtwluaan clans of fifty i member In the fall of 1927. It will be located close to the Pomona College campus under the federated Claremout Colleges plan. ! For results uae Newa Claaa Ada SHm1 I V 1 H "" fl in - ----- -r ' ' UNDERWOOD'S PHARMACY TOILET SETS V r , We offer for your approval: a truly wonderful selection of '. ll M0TT0S - "Volland" "Gibson's" -50c to $3.50 - i ! DOLLS, TEDDY BEARS, FELIX CATS and ANIMAL TOYS See the big red-headed Mamma Doll with the flirty eyes. Dolls, 35c to $10.00 UNDERWOOD'S PHARMACY lf2 Farmer Problem May be Solved by Inventions WASHINGTON, Nov. 1 - (Vnlt- led Newa) The problem of the re cently Inerenalog exodua from farma lo the cltlea may be eolved by labor and time aaving machinery which la taking the drudgery out of rural life. Iteporta of the great advance In machinery for oavlog labor and time for the farmera and Ita effecta Ineering and agricultural experta, aponaored by the department of ag riculture. ' "The Increase of Indlvldnal cap acities tnrougn macninery will ln' overhead, and thua Improve the standard of living," explained Pro fessor J. Brownlee Davidson of Iowa State college, who la directing a aurvey for the department of ag- re, in tuin opens the way' for Installing time and labor ear- I Ing devices and convenience In the j ot the farm housewife, whose life j already la being transformed from ! that of drudgery to comfort." j Davidson sketched the Improve-1 ment In farm machinery. The com-; bined wheat harvester and thresh-! er has reduced time and labor con-' alderably In handling that crop and ! la being adopted widely. ' "One man," he aald, "can put up a ton of bay In an hour, whereas I It took formerly five or six hours." ; Experiments are being made with j cotton. Chbf Interest- centers In the mechanical cotton picker which la being . developed, but has not j yet been perfected. r I Mi-Lady's Shop la showing new 1 and exclusive coata and dresses for i Thanksgiving. PHONE 1800 WESTERN TRANSFER COMPANY 410 Mln TRANSKEK A Ni DRAYING Klamath Falls-Bend Stage Leaves Daily 7:30 A. M. for Uenil, The Dallra, Portland and all point east. Fare: 87.60; Round Trip 812. SO Comfortable Heated Htagea Information 615 Main Stage Depot ' Phone 999 At Underwoods Where Your Dollar Buys Most! ' CHRISTMAS CARDS The Best Selection in the City 3c to 50c each Sheffield Leaves ' For Mexico Where He Resumes Duty NEW VOItK. Nov. ID. (United Ncwal Ambaaaador Jamee R. Shef field aalled today on the Ward tin-' er Monterey to reaume hla dutfea In Mexico. Mr. Sheffield would sot comment on the charge that Mexico hi aiding revolutlonlata In Nicaragua .tt--. Suits-O'Coats W of finest quality at , . - lowest prices always has been and always will be our method of merchandising. We are in a position to give you better merchandise for less money, because e ' manufacture the Suits and O'Coats that we sell ' through our retail stores for from .- $28 to $40 Blankets , , Blankets Blankets If you need Blankets be sure to see our wonderful display of Virgin Wool Double Blankets from ' $9.85 to $13.50 BROWNSVILLE Woolen Mills Store.' 5th. and S uu -' -' ' : i LiJ , .. a V PERFUMIZERS A Gift that every Girl would appre ciate. We have them in an endless variety in all the wanted colors and Gold and Black. , , v ' Priced $1.00 to $10.00 . CLOCKS & MANTLE SETS Of .Clocka and Candle Sticks Gift Clocks in Bronze, Brass, Gold and Ivory $3.50 to $10i,00 SMOKING STANDS $3.00 to $35.00 ! BILL FOLDS i 75c to $8.00 KODAK ALBUMS $1.00 to $5.50 KODAKS, SHAVING STANDS MIRRORS AND SETS Here's a Rift that every man wants. COMPLETE SETS, $1.50 to $12.00 ODDFELLOWS Families and friends -are; cordially invited to at tend a dance and soctaC evening at the I. O. O. F. Hall, Saturday evening,. November 20th. Refresh- menu. . " Main MANTLE SETS $6.75 to $12.00 $5.00 and up .-... St