Image provided by: University of Oregon Libraries; Eugene, OR
About Daily capital journal. (Salem, Or.) 1903-1919 | View Entire Issue (Aug. 6, 1919)
THE DAILY CAPITAL JOURNAL, SALEM, OREGON, WEDNESDAY, AUGUST 6. 19i9. A Prime Investment $500,000 THE PHEZ CO., Salem and Olympia, 7 Coupon Gold Notes 5601000 Authorized $500,000 Redeemable in Two Years or Any Interest Date Thereafter at 103 Price Par and Accrued Interest, to Net 7 Per Cent This company has demonstrated its ability to successfully establish a national market for Northwestern products Through well directed sales and advertising policies, The Phez Com pany has made its fruit beverages Phez, Pure Juice of the Loganberry; Loju, the Logan be rry Beverage; and Appleju, known and sold throughout the United States. It is generally recognized that The Phez Company, through its efforts, has created a mar ket for loganberry juice and loganberry products which did not exist a few years ago. Capitalization The Phez Company is capitalized at $1,500,000, of which $1, OOOtfOO is common and $500,000 p referred. Common stock issued and paid up $780,609, leaving balance in the treasury. At this time $100,000 of the preferred stock is being taken up by the officers and friends of the company. Purpose of die Issue The money provided by thii note issue, together with the $100 0OO from preferred stock, in to retire rxisting indebtedness of the company, which now stand in the form of commercial Inona from blinks. Conservative in their management, the companies whieh are being consolidated in Th Phei Company have hesitated until now to borrow ill the open money market until they had first demonstrated the success of the industry. Security for Issue Protection to Bond Holders As determined by luJlXXZy fettle llia,',n ,lf" f ,h 1he dull maintain a, .11 and Kan Francisco, June I II9 $ 98;,(l'i9.B3 ' Umft B,1 'KI1 and unincumbered assets at least ttinl to Liquid Assets three times the outstanding notes of this issue. Consolidated report, as of December 31, IP IS, by .. , ... ... Whitfield Whitconib & Co., certified public ac- - lU ,hu" "'' lq'l at least equal to 1U, time countants Portland l,O78,S40.00 the "mount of notes f this issue. Total Assets , 2,0,Mt.M 3,t h" Bot I"""' UT '' mortgage or other incumbrance TOTAL Or PRKSENT ABSET8 IS N"EARLY FOUa TIMES against any of its assets, except ordinary commercial loan. THE AMOUNT OF NOTE ISSUE ', ,,,.,.,, . Kariiings of the Consolidated Companies for 1918, 4" "ut-M ut "' u'. leielare any dividend on . . availablo for interest charges were in excess of .....$120,000.00 common utoek in excess of 6 per cent. PLANTS ' The Pho Coiiipiuiv is the owner of modern plants as follows: Tbse stipulations are all provided for in trust agreement executed loganberry Juice Plants No. 1 and 2, Sulem; loganberry Jui.o ,,v Tn" nn t'ompnny and filed with Title ft '"Trust Company, l'luiit Woodliuni ; Appleju l'laiit, Ulynipia; New, completely IVtlnud, Oregon, when; interest and principal of notes will lie equipped Jelly, Jam aud 1'rescrviiig l'laiit at Halcm, paid us due, ISSUE NOW BEING SUBSCRIBED . ' Because of the security of this investment, and the attractiveness of the notes, there is every evidence that the issue will be over subscribed. Those interested should telephone or wire us at our expense. . , After a thorough investigation of the security behind V.i;, these notes, we purchased the entire issue for our ac count and unqualifiedly recommend them for investment PRICE fAR AND ACCRUED INTEREST, TO NET 7 PER CENT G. E. MILLER & COMPANY NORTHWESTERN KANK BUILDING -:- -:- -:. rORTLANI), OREGON Horticultural Society I To Hold Annual Meetii? : i h AstonaNext Week The St!h annual nieelin r of the Ore foa Horticultural society is announc- i Wd. It will be held at Astoria Aug. 14, j '13 and IB, The. program of the meetings (will begiu Thinsdiy afternoon, Aug.' 14 with an address of welcome by the mayor of Astoria and a rcspon by .1. O. Holt, malinger of the Kugcue Fruit (irowers I'niin. The welcome from the titto board of horlienliuro will b. inhvercd bv lres ident CIisa II. I'nrit of Sulem. the ad dress o ttlui atto'iiooii will be given by (iovemor Oleolt, The Friday miriiinjf session will be given to disouss'im of the cranber ry industry and its by products. Also bu'd be Surprised if you knew what a great army of people uscPOSTUM instead of coffee. For more than twenty years POSTUM CEKEAL, has been winning its way by its flavor and healt'i values. Boil 15 minutes after boiling begins, and you'll have a snappy, invigorating drink; No Raise in Price. Sol J by grocers, usual price. U arvl isi r M to truck gardening and marketing. Friday nfternoon, Au. 1.". will de voted to visiting iinncries and the c aside. The Saturday pr-gram will include an address by II. 8. liile on the future of the fruit jiice industry and an nd dress by K. .1. d inis of Kngeno. on horticultural develijuneut through the highways of the s'i't". Ilohert ('. Paulns will spenk Sutur day on ".Fruit outlook and marketing problems." Otluv addi-cascs for the final day will lie on "Selling apples foe cash," by C. V Malhoiif, and "Will cooicrution 4olve our problems" by A. H. llnrris. Stockyards Workers Of Chicago Ask Higher Pay ruieugu, Aug. fi. (1'niti,; l'ress. The first battle for a ko increase for HO.tUlO stockyards workers emlovid in the score or more packing hnusrs here was to be ncil here lodnv. Yesterday representatives of the t'ue kingtown employea tu,u packers they vtunted a L'U to "hi pci cci.t in crease in wr.gcs, but di niai ocd at the isame time that meat prices i.ot be rais.-d to provide revenue lo niect the wage dciiiands. , toiinn was umierway loiiay to Ucci.le . whether they will strike io force their (demands in rase of refunl eu the part .of the packing house to gr.ml the do i muuds at once. PORMDER HEARS COUNCIL COMMITTtE ! ASS!rai8 HADEj Organization Of Board Of, Aldermen Is Once More j Made Complete. j . . t , Hie work of a in -mb.-r p; the eity counril depends largely on bi toi.imit I fee assignmeata. A majority W tin or-' diuaiiees, as well tl otliei liiisiiit-s.; ui:it ( ters, are all assigued to eon:mitt,H for! (report and as a general propOMiion, the j rvport of the roniiiiittee is m-toi.tt i by the rouncil. Many rouncil matters are iuso rter- ;red to towmittee with power to act and this, r course, giv.- the cOi.,inntte full' authority to transact tiusinoa Hiiliout agi-.in referring it to the council. To a large extent, in the transaction of city rouncil business, "the cii.niinan of a committee mukea the . pti t ami speaks in defense of any aciion tukt-n by the committee. The assignment of eui h i-ouutilmun is as follows: W. A. N'icst( chairmun of ways and J means; also chairman rules uud ordi .nances; other committees, bend. l'aul V. Johnson chairmau couiiutt I tee nn lights; Other assignments, fire -and water, public buildings, liceu.-es. ' H. II. nndorvort rhairui.tii co..iiiut- tee. on bridges; other issijtunu nts, I health uud police, revision ot uii.tutes, ; streets. ' F. I.. 1'tter rhnirmnn heulth and po- I lire; other committees, reviaion of niiu- utes, lights, printing. B. W. ISimeral ehairninu fuc and water committee; other assignments, chairman ordinances, accounts ant, cur- Ireut expeuses, sewers. 1 Gerald Vollt chnirni piuu.bing committee; other assigninents, ptii.ting, j rulea. A. 11. Moore chniriiinn roiiiuiiliee on 'sewers; other assignment, licenses, health and police. Kdward St-hunke rhnirmun accounts and current expenses; other (oiuuuitccs, ways and meaiia, parks, ami. George K. Halvorsen chaiininn com uiittee on licenses; other ccmimt.ccs, ktrects, bridge. O. I.. Scott rlioirinnii public i.uild- iiil's; other ussicnineuts, wavs aim melius, parks. Walter F. Bui-kner chni.iu.in com mittee on streets; otker con.niittee.-i, fire and water, bridges. James Mc(.'lcllt;nd cluii ra.a :t cnimiiit tee on printing; other coiniiiitlcos, pub lic buildings, plumbing, lights. Harold linger chairman committee on revision of minutes; other align ments, accounts and current expenses, sewers, plumbing. Kobert Craig chairman committee on bund concerts; other tissigunicnt, or dinances, chairman committee o i ;iiiKs, The Modern Way of Practicing Dentistry mM rules. By DR. PARKER Fouad.r ud ELx.cutir Hed at tk. E. R. Parker System ' "D EGISTERED Dentists using the E. R. Parker System, practice dentistry on the same principle as a leader conducts an orchestra. A good orchestra consists of violinists, cornetists, trombonists, clarinetists, flute-players, drummers and all the rest, and when they play together the result is harmonious melody. dilparker No man can be a complete orchestra by himself. Following that simple idea, the E. R. Parker System recognizes that no man can be a complete dental estab lishment by himself. And so the Registered Dentists using the Parker System are men who have been trained to do some one kind of dental work particularly well by doing much of it. The kind of work your teeth require is done by the dentist who is trained in that kind of work, just as the, man who knows how to play the violin is the man whd has been trained to play the violin in an orchestra. Thus the dental work done under the Parker System is as good as can be done anywhere. And the prices asked for this kind of work are more than reasonable, for specialists lose no time, and time saved is moqey saved, and this saving is shared wiih the patient. If you think that Dentistry under the Parker System is done the right way, come in, have your teeth ex amined free, and learn in advance how little the price .will be for having your teeth properly cared for. r Wallace Hylander, Fred G. Bunch, Ray J. Greer Registered Dentists Using the E. R. PARKER SYSTEM 303 State Street, Salem, Oregon fit look int.' .aoseuce California Gets Battle Colors Of Ninety first j Saernuiento, I'al., Aurf. (!. Iiivision- ,al colors of the Niactr firtt (Wild; I u-... .i;. ... i ' .i . . I J " I m i-uiMi ni - in ie 'lie JonM'!I jof ilifornia, ia a -ordiince with a rule jthat thoy go to the state fnrni-Oiinii jtlic greatest quota "f the units person- Bel. I Ailiutsnt fienenl Itorree hs boca ottfie.l by Mai.ir Ceneml William If. j .lohason, commanding l ump U-wis, W. that the Ninotr fiist divi.ien keatkfUJirtera IH-un.it and the auidon ft heibUrter troop i: be feiwsid ed L tii state eaiotot here. ' Tcrget It" Buy At Home SaJea $ a Good Phce to Tra4 Commercial Qub Asked To In vestigate Charge And Cor rect Impression. Chester (i. Murphy of Tort land, who is well known ia Sulcm as the owner of valuable real esuite in the business iffiiii nf i... .,:.. - ....ll. p.. .... . i ui i. -Mm i rout -rio.ooo io f UMUHitl, d also consiilerable real estate in West Malei'i, has been visiting across the river and is inclined toj think West Salem is iit jotting a fair I deal. He write. th Salem I oniinercial ! niti as totlovs: "I was in Sale n Monday over my interests utter an from the slate of a w-nr. nml while in West .Salem where 1 am heuvilv inter CSti'd, I tli.st'uvereil Slllnno the nrnmi. . Iient citizens ther -, a f'-eling of dis-! trust of 8a!em especially of your or j ganimtioa and'of the real et:ite men.: uev are uuuer n-e iieiier ttiat your 'rj.llli.atlntl iM til,, rent ...I n i.. ! are kuockinc Wet Salem, advising! new comers not to invest there. under, the knocking ilogau of hiiih tales and i iiilIi water. I "We all knew of diirsc. that those rumors aumetiiiies ;fut from uothing. Howoxer, I though: you ih.uiid know of! the same for the d oilj'e pmpese: ! "To slop the rinior, if there is no! truth in it, and to immediately, lake j i'l's t,. put a si.i, f.k the praJtfee if i i miy ir-.nn ui ne rumor. "It IS aillllitte I. I tliinL f h I i... are no higher in Wet Salem than in s.llem. Knrthenuore.-West Siilein is pac niif its Inn and retiring its bonded in.l -liiedn,-, and ,,, , , i-on-Utlier-'d with high water for a nuiuber of "0.1 hi n . ' Inuuirv at a n-pniur of real offires fait to rmfiim a.iv of Mr. yorphy fea,,, a, t j,t. knm-king of Vi.--.-t Sa'rm. A in t-i Mfrt ,.r Br r.-s-,. .-,., ,.;, .J,. riv,.r ( ppk ! a d :i-i', i He rxeoidt of the 1:1 1 -e rf ! iKiir eountr give the t.; rate i- S:iI.h ih .-.t?.pet $100 a',n, i I, '.- f, West Sa- 1- 'i il : 4Pt per l h ,.. ,.,! xaloe. !l w -er, the a-s i e-t ia West Sa lem is made nn a rural basis, much lower than assessel for a citv like Sa lem, and this difference brings the as sessment of the two localities aunut on an eipinl bnsi. T V. Met'rnskev. mnnnirer of the Sa lem rommercial club, is preparing t circular letter to be sent to real estate men in which the tax rate is shown in a number of the ci'tes of the north west, showing thnt Salem and West Salem nre under a ate that is much be low the average. Wife Sse!dns Divorce Foils Hubby's Plan To Disappear With Auto Tearing that the husband from whom she was. seeking a divorce might re move his personal properly from the county beyond the iurisdittion of the court, Esther May Mi-s"racken of. Or ville secured an 'n junction preventing Sherman O. Jlct'racken from selling 'his Scripps-Rooth nulo, or disposing or incumbering it ia any way, or of dis poaing of his Hrsonai property, j Her fear that hi r husband mixht leave and take nil his possessions with him was bused on a letter which he had written Aukusi L', and whieh is in .part as follows: "1 fully expect to re sign the position Wednesday nuinnig i and be nut oY her" by the lust of the I week. Some things 1 am going to keep (and send to a pla-e for safe keeping nun me rest i will leave for vou nnd you can come and get them. "I do not expect to sec you again and I think 1 have aeen you for the last time and you have pr'obabtv seen me for the last time." The Yakima American, an nfteimuti daily, made its first appearance Friday. Dr. A. L. MeClanahnii id alls to mnke the trip from Yakima to Cle Elum, where he will deliver the Kmancinntinn day address Monday, by airplane. MULTNOMAH LEGISLATOR. FAVORS EXTRA SESSION j AND HERE'S THE REASOf I Portland, Or., Auj 6. Twelve ineif jber8 of the legislature from Miiltiioui jcouuty met last uil.t and agreed j attend a special session to ratify tti , national suffrage amendment, sliouk jone be called, at their own expense, j j Three other member of the Mult nt mah delegation w'.m were not presoa jam willing, it wis stated, to folM I suit. ; j If the special sos-ion is called I. (! (I-ewis will introduce a resolution eul) Emitting to the voters a liroKisal to r jmovc the capital from Sulem to Porj jland, he announced. j s Iewis also divlarrl his iutentioa of introducing if the legislators meet, at act to give cities power to regvilak iciepnone rules. ! - MhV' " teiMnra, 1 i 9iQ ciif-ijoar-'round soft drink The first man's drink was wafer and of the natural drink of pHmitive man the acceded drink of modern America a beAeraewiih real food value. A healthy and subsfaniial drink at: th soda ftn(aiutor vith lunch al ike m the ice-box at home. K .fees ar ir..j .;. r ' - ANHEUSER-BUSCH ST.LOUIS Iiltinwiicr IJoch, hles,h. Uh,. K.H1-I.ANU. UKJ. Dan. J. Fry, Vi', - r . "a :- :V Ji . - ; -