anaheim-gazette 1923-07-26

SOU. CAL. EDISON CO. INCREASING ITS CAPITAL Meeting of Stockholders Called for Sept. 7th at Los Angeles Hundreds of stockholders of the Southern California Edison company in Anaheim and vicinity, received notification from President John B. Miller yesterday that a special meeting had been called for September 7th at the Edison building, Los Angeles, for the purpose of authorizing a rearrangement and increase of the company's authorized stock capitalization and bonded indebtedness. District Manager Deimling said that the purpose of the proposed increased capitalization was for continuing the company's policy of planning ahead for the financing and construction of hydro-electric power to meet the ever increased demands of southern and central California. Explaining the new plan of financing, District Manager Deimling said: "The increased authorized capital will provide a broad and strong foundation for financing through to completion more than a million additional horsepower to be installed on our Big Creek San Joaquin project, together with the necessary transmission and distributing lines throughout the ten counties in which the Edison company render electric service. This expenditure in the next ten years is estimated to amount to $200,00,000. The plan which will be voted on is in brief as follows: The increase of authorized capital stock from $100,000,000 as at present, which consists of $60,000,000 of common stock and $40,000,000 of preferred stock, to $250,000,000 consisting of $125,000,000 of common stock and $125,000,000 of preferred stock." "The stockholders will also be asked either have been refunded or retired. In its place there will be a new class of short-dated debt, whose component issues will fall due at convenient times, between now and the year 1928, when the third liberty loan matures. Mr. Mellon has arranged these maturities in such a way that the refinancing involved will disturb as little as possible the business and industrial operations of the country. The treasury department's latest issue of $46,000,000 is dated May 15, and will mature on March 15, 1927. It will be tendered for cash subscription at 4 3/4 per cent, and in order to attract holders of the 4 3/4 victory notes, the government will receive the victory notes in exchange for the new issue, reserving the right to allot additional notes to the extent that the 4 3/4 per cent victory notes are tendered in payment. There seems little doubt that Secretary Mellon will successfully complete the job which he has so nearly completed. In less able hands than his refunding of this shortterm debt could hardly have been accomplished without a serious financial disturbance. With this short-dated debt out of the way the country will look confidently forward to a reduction year by year in the amount of the funded debt. ANOTHER CHAIN STORE SCHEDULED FOR ANAHEIM Large Market to Be Established Here By California Chain Stores Co. H. M. Shackleford, representative of the California Chain Stores company, is in the city this week making preparations for the opening of a market here. The company was recently organized with a capital stock of half a million dollars, and it expects to establish at least fifty stores in south- electric service. This expenditure in the next ten years is estimated to amount to $200,00,000. The plan which will be voted on is in brief as follows: The increase of authorized capital stock from $100,000,000 as at present, which consists of $60,000,000 of common stock and $40,000,000 of preferred stock, to $250,000,000 consisting of $125,000,000 of common stock and $125,000,000 of preferred stock. "The stockholders will also be asked to approve an increase of the authorised bonded indebtedness of the company, to $250,000,000. The vote of the stockholders is in the nature of an enabling act giving the directors power to sell bonds and stock as may be required. The stockholders vote in itself does not actually create any bonded increase, as under the public utilities act of California, neither bonds nor stocks can be sold by the directors except under authority of and at prices fixed by, the state railroad commission. "The new plan when authorized will give us a financial set-up which it is expected will take care of the company's needs for the next twenty years. The enlargement of capital involves no fundamental changes in the right of any stockholder or bondholder. It merely provides the larger structure which the increasing business and investment of our company has made necessary. Our company's organization now comprises over five thousand regular employees, and over sixty thousand stockholders. With the combination of popular ownership, private management, and public regulation, it constitutes, in the judgment of our board of directors, the most efficient and satisfactory instrumentality for meeting the exacting obligations incident to rapidly increasing demand for service, arising from growth of population and the wider and more extensive uses of electricity for light, heat and power, which it has been the policy of our company to stimulate in the interests of the public." SECRETARY MELLON'S RECORD IN REDUCING PUBLIC DEBT Secretary Mellon's statement in explanation of the government's May finance program reveals the gratifying progress that the United States, through wise management of the public funds has made in the reduction of its national debt. By June 30 of the present year, when the $400,000,000 to be raised this month through the new electric service. This expenditure in the next ten years is estimated to amount to $200,00,000. The plan which will be voted on is in brief as follows: The increase of authorized capital stock from $100,000,000 as at present, which consists of $60,000,000 of common stock and $40,000,000 of preferred stock, to $250,000,000 consisting of $125,000,000 of common stock and $125,000,000 of preferred stock. "The stockholders will also be asked to approve an increase of the authorised bonded indebtedness of the company, to $250,000,000. The vote of the stockholders is in the nature of an enabling act giving the directors power to sell bonds and stock as may be required. The stockholders vote in itself does not actually create any bonded increase, as under the public utilities act of California, neither bonds nor stocks can be sold by the directors except under authority of and at prices fixed by, the state railroad commission. "The new plan when authorized will give us a financial set-up which it is expected will take care of the company's needs for the next twenty years. The enlargement of capital involves no fundamental changes in the right of any stockholder or bondholder. It merely provides the larger structure which the increasing business and investment of our company has made necessary. Our company's organization now comprises over five thousand regular employees, and over sixty thousand stockholders. With the combination of popular ownership, private management, and public regulation, it constitutes, in the judgment of our board of directors, the most efficient and satisfactory instrumentality for meeting the exacting obligations incident to rapidly increasing demand for service, arising from growth of population and the wider and more extensive uses of electricity for light, heat and power, which it has been the policy of our company to stimulate in the interests of the public." SCHEDULED FOR ANAHEIM Large Market to Be Established Here By California Chain Stores Co. H. M. Shackleford, representative of the California Chain Stores company, is in the city this week making preparations for the opening of a market here. The company was recently organized with a capital stock of half a million dollars, and it expects to establish at least fifty stores in southern California within a year. It is the purpose of the company to sell a certain amount of stock in each community, in order to enlist local men in its management. The California Chain Store company will also associate with the company over 100 retail grocery stores in Los Angeles; those stores and the company stores forming one large buying unit. It is the company's intention to buy from Los Angeles jobbers and manufacturers, and to feature California products both here and in the east, where the company will have specialty stores and also a mail-order business. The personnel of the company includes H. H. Jordan, for many years in charge of the buying for H. Jervie Co., and later a partner in the wholesale grocery firm of Walker-Jordan company, who will have charge of the buying for the company. Charles A. Tarbel, formerly advertising and sales promotion manager for H. Jervie company, and a director in the California Food Products company, will have charge of the advertising department and also of the store licensing department of the new company. ORANGE COUNTY MAN HAS 45 CHILDREN Daughter Born to Him in His Eighth Year Mrs. Romulo Delsi, of Stanton, last week presented her husband with a bouncing baby daughter. This is the 45th child born to Delsi, who is now 88 years old. Mrs. Delsi, who is 45 years old, is the mother of ten children; she eldest a son now 39 years old having been born when she was a very young woman. "Nine years ago," said Belandy, "when my father-in-law was 79 years old, his wife presented him with twins. And last Sunday, at 88, he became the proud father of a lovely girl baby, weighing eight pounds, and as sound been epidemic in particularly Utah Tests showed that was immune to a severe attack also reported from Charlotte, N.C., infection are too parts predict. Since the go started to study first discovered among ground squirrels six scientific works on malady; one on the victims was in charge of these attacks begin with about three weeks by about two months Although the diaries it causes a that works a part farmers; since it mid-summer. A germ known cause causes them transmitted by stable fly; gel rabbit house; only the man. The germ to human broken skin white or squirrel is best. SCHWAB'S RULE If I were asked important things shouldful life said should say first unimpeachable ever do anything life; and have this proval of his feeble careful in his unbusiness people;the reputation o harer and integral foundation of all. Another import Be loyal to your associate at the employer feel that him that you are interests; that you for the things he will reap you a above all! A person; to business; must see things that faculty only that finer things Be friends wi SECRETARY MELLON'S RECORD IN REDUCING PUBLIC DEBT Secretary Mellon's statement in explanation of the government's May finance program reveals the gratifying progress that the United States, through wise management of the public funds has made in the reduction of its national debt. By June 30 of the present year, when the $400,000,000 to be raised this month through the new issue of treasury notes is to be available for the use of the treasury, the United States will have a gross debt of only $22,400,000,000, as against $24,900,000,000 on April 30, 1921, and $26,596,000,000 in August, 1919, when the financial burden of the war in this country was at its peak. Since April 30 1921, reduction has been at the rate of some $750,000,000 a year—a striking revelation of financial strength in a people just emerging from a costly war. Even greater credit is due Secretary Mellon for his wise handling of the floating debt. In the last analysis, it is for congress to determine how much of the public debt should be retired each year; the retirement of the floating debt, however, the short-term obligations that in so many instances have been the nightmare of the financial officers of governments, is a matter that rests more exclusively within the discretion of the secretary of the treasury. On June 30, 1921, soon after he had become secretary of the treasury, Mr. Mellon was confronted with the problem of a short-term debt of upwards of $7,000,000,000, all maturing within a period of two years. The new $400,000,000 issue will mark virtually the last step in the great problem of refunding this short-term war debt. By the end of June, according to Mr. Mellon all of this short-term debt will Mrs. Delsi, who is 45 years old, is the mother of ten children, the eldest a son now 30 years old, having been born when she was a very young woman. "Nine years ago," said Belandy, "when my father-in-law was 79 years old, his wife presented him with twins. And last Sunday, at 88, he became the proud father of a lovely girl baby, weighing eight pounds, and as sound as a new silver dollar. "Today, he is very, very happy, and is receiving the congratulations of his friends in the county." This, however, is not all. According to Dr. Ball, who has known Delsi for many years, the aged father has been married four times and has forty-five children. "At least, that's what Delsi told me when I was called to attend his wife," said Dr. Ball, "and making due allowance for some discrepancies. I am inclined to believe he is the father of at least forty children. On one occasion, when I visited the Delsi home, I officiated at the birth of children to Delsi's wife, and to his daughter at the same time and in the same house. I saw the old gentleman sitting outside, but I thought he was the great great-grandfather, rather than the father of the little one born to Mrs. Delsi. "Later, I learned from his history that Delsi, who was born in Sonora, had been marled four times, and that more than ten children each were born to his respective wives. In all earnestness, Delsi assured me he had forty-five children. I was somewhat in doubt as to his exact age." But Miss Justine Whitney, county recorder, delving into the archives at the county court house, threw some authentic light on this phase of the subject. A person, to business must see things differently than faculty only; the finer things are better understood. He friends wish you have friend someone who leads a life that is friendly to you and will be happy life you wish. These things that secured the good judgment and prime requisites. HARDING PUTT TO In his St. Louis Harding answer fear or hope that ship in the perennial justice entrance to the set forth plans possibility of They follow: "First, empower to fill any vacant death of a member whatever cause from any other continuing the permanent nominate and try to elect from the bly of the leag members of the A simple plan difficulty takes lt ANAHEIM GAZETTE "I find," said Miss Whitney, "that we have a record here showing that Romulo Delsi was 79 years old when twins were born to his wife, Rosa, in 1914. According to the records, this made a total of ten children born to this wife." Mrs. Delsi, who was born in California, married Delsi when she was scarcely more than a girl. Delsi, who has been a resident of Orange county for many years, has been a familiar figure in the county for more than thirty years. Despite his advanced age, Delsi is physically strong and enjoys excellent health. He is employed as a laborer and works virtually every day. NEWFANGLED DISEASE IS SPREAD BY RABBITS A new disease of man, called tularemia, has been found to be present over the whole of the United States, and infections in human beings have been found from the Atlantic to the Pacific coast, a report by the United States public health service has revealed. Investigators from the United States hygienic laboratory have discovered that rabbits being offered for sale in the Washington market last winter were in some cases infected with this disease, never known in the east, before outside the laboratory. It has been epidemic in some western states, particularly Utah, for about five years. Tests showed that one market man was immune to the disease because of a severe attack last year. Cases were also reported from Cincinnati, Ohio, Charlotte, N.C. Additional cases of infection are to be expected, the experts predict. Since the government laboratory started to study the disease, which was first discovered as a fatal epidemic among ground squirrels in California, Would the other nations consent to this change? If they would not consent, then the president charges that they would prove themselves averse to "the making of the world court precisely what its name implies," and in an ironic strain which shows him familiar with the greedy desires of some European powers, he stealthly asks: "Can it be possible that, despite their protestations to the contrary, this is not what some of our sister states at heart desire? Must there be a test of sincerity abroad as well as at home? Then the more quickly it can be made the better, the better for them and the better for us. There is nothing to be accomplished in ambiguity. We want to know. And the only way to find out is to inquire. In other words, the situation would be this: Europe implores us to join with other nations in some international organization for the promotion of peace. We answer that we are convinced the league of nations is not an organization for the promotion of peace. We further answer that we are willing to join a court for the promotion of peace, provided that court is not the creature of the league. Now if the European countries are actuated by the sole desire for peace, they will accept these honorable terms. If they are actuated by a selfish desire to intrigue the United States into becoming a party to European intrigues, they will refuse. So, if the offer of America is made, the result will be either an exposure of overseas duplicity or an important genuine progress made on the road that leads to peace. In either case, that offer will have abundantly justified the making. EDEN MAY HOLD JOB Walter Eden may continue as state senator, from the district comprising Orange, Riverside and Imperial counties, to obviate the necessity of holding a special election to select his successor for the remainder of the term. This possibility was expressed when it became known that Governor F. W. Richardson had not accepted the resignation of Eden as senator. Following adjournment of the legislature in May, Eden resigned to enter the legal department of a Los Angeles title insurance company. Having removed out of the district, he considered it his duty to present his resignation. "I don't know that the legislature will be called in special session before my term ends a year from next January," Eden said, "and if there is no special session, it will make no difference whether resignation is accepted. I expect to meet Governor Richardson in a few days and talk the matter over." NEBRASKA PICNIC All who ever lived in Nebraska are called to meet under the auspices of been epidemic in some western states, particularly Utah, for about five years. Tests showed that one market man was immune to the disease because of a severe attack last year. Cases were also reported from Cincinnati, Ohio, Charlotte, N.C. Additional cases of infection are to be expected, the experts predict. Since the government laboratory started to study the disease, which was first discovered as a fatal epidemic among ground squirrels in California, six scientific workers have contracted the malady, one of them twice. Among the victims was Dr. Edward Francis, in charge of the investigations. The attacks begin with a high fever lasting about three weeks, and are followed by about two months of convalescence. Although the disease has few fatalities, it causes a long period of illness that works a particular hardship on farmers, since it usually occurs there in mid-summer. A germ known as bacterium tularense causes the disease, and it is transmitted by the blood-sucking fly, the stable fly, the bed bug, the squirrel sea, the rabbit house and the mouse house, only the first four of which bite man. The germ can also gain access to the human blood stream through broken skin while an infected rabbit or squirrel is being handled. SCHWAB'S RULE FOR SUCCESS If I were asked to name the most important things that lead to a successful life, said Chas. M. Schwab. I should say first of all was integrity—unimpeachable integrity. No one can ever do anything of great value in life, and have the confidence and approval of his fellow men, or be successful in his undertakings with other business people. If he does not have the reputation of being a person of honor and integrity. This is the very foundation of a successful life. Another important thing is loyalty. Be loyal to the people with whom you associate at the start. Make your employer feel that you are sincere with him that you are going to promote his interests; that you are going to stand for the things he represents, and that will reap you a richer reward. Loyalty above all! A person, to carry on a successful business, must have imagination. He must see things in a vision, a dream of the whole thing. You can cultivate that faculty only by an application of the inner things of life. Be friends with everybody. When fish desire to intrigue the United States into becoming a party to European intrigues, they will refuse. So, if the offer of America is made, the result will be either an exposure of overseas duplicity or an important genuine progress made on the road that leads to peace. In either case, that offer will have abundantly justified the making. FORD'S ENDORSEMENT Henry Ford has given cordial endorsement to one President Harding's recently repeated policies. In his New York speech about two months ago, the president said: "Our problems at home invariably call for our first consideration. Our own house must be assured before we can be large contributors to world progress or measurably helpful to humanity." In the issue of his Dearborn Independent of June 23, Henry Ford endorses this view in the following words: "If we are to assist Europe we must first find our own footing. We must settle our own difficulties. We must show our capacity to administer our own affairs." The Harding administration has ful- NEBRASKA PICNIC All who ever lived in Nebraska are called to meet under the auspices of the Nebraska association of southern California for the mammoth summer reunion, all day, Saturday, August 4, in Bixby park, Long Beach. The officers are suggesting that you come as early as you can and spend the day with friends. That they will have county registers and headquarters so you can find the old neighbor even with ten thousand present. They will offer a brief program, opening about two o'clock, but the main purpose will be to have a good time. They want to see all the Nebraskans from all sections of southern California and all our tourist friends. Bring your baskets well filled and share with friends. SOLID CO In Summer as We Cook your meals, do your summer canning or baking weather. You can accomplish this by using a Direct REGULATOR. The Direct Action range is the only requiring no pre-heating, thereby keeping your kitchen us give you a canning chart Free and explain how th- If you are going to build be sure to come in and We have several different systems to choose from any of the following appliances which are on display ployer feel that you are sincere with him that you are going to promote his interests; that you are going to stand for the things he represents, and that will reap you a richer reward. Loyalty above all! A person, to carry on a successful business, must have imagination. He must see things in a vision, a dream of the whole thing. You can cultivate that faculty only by an application of the inner things of life. Be friends with everybody. When you have friends, you know there is somebody who will stand by you. Lead a life that will make you kindly and friendly to everyone about you, and you will be surprised at what a happy life you will lead. These things secure opportunity. That secured, there comes the need of good judgment, which is one of the prime requisites for enduring success. HARDING PUTS IS UP TO EUROPÉ SQUARELY In his St. Louis speech President Harding answered those who either fear or hope that American membership in the permanent court of international justice would be a back door entrance to the league of nations. He set forth plans which would bar the possibility of league interference. They follow: "First, empowering the court itself to fill any vacancy arising from the death of a member or retirement for whatever cause, without interposition from any other body; or, second, continuing the existing authority or the permanent court of arbitration to nominate and transferring the power to elect from the council and assembly of the league to the remaining members of the court of justice." A simple plan involving only one difficulty takes the form of a question: Residents of Placentia will vote August 28 upon the proposal to form a sanitary district, the board of supervisors having fixed that date for the election, following a hearing at the court house. The board denied a protest signed by seven property owners, who objected to having their land included within the proposed district, on the ground that the land was acreage, underlaid with gravel, and not calculated to receive benefits from the projected improvements. The protests filed through Attorney F. H. Lyon, of Fullerton, was signed by O. H. Schumacher, Joannes Allec, J. J. Allec, Peter Allec, Benjamin Kraemer, Mrs. M. M. Edwards and A. J. Edwards. The Royal Neighbors of America initiated a large class into the order Monday evening. California Theatre ANAHEIM Thursday, July 26 VAUDEVILLE Elliott Dexter in “Success” Friday and Saturday, July 27-28 Guy Bates Post in person will appear in the world premier, “GOLD MADNESS” Leatner Pushers. International News Friday and Saturday, July 27-28 Guy Bates Post in person will appear in the world premier, "GOLD MADNESS" Leatner Pushers. International News Sun, Mon., Tues., Wed., July 29-30-31 Aug. 1 Richard Barthelmess and Dorothy Giss IN "The Bright Shawl" Fables Kinograms Topics COMFORT ner as Well as in Winter For canning or baking, without staying in the kitchen this hot by using a Direct Action range with a LORAIN OVEN HEAT range is the only range made having No Bottom in the Oven, keeping your kitchen cooler and saving gas. Come in and let and explain how these wonders can be accomplished. ure to come in and let us show you our heating appliances. to choose from and we are always glad to show and explain which are on display in our show rooms at all times. an range is the only range made having No Bottom in the Oven, keeping your kitchen cooler and saving gas. Come in and let and explain how these wonders can be accomplished. ure to come in and let us show you our heating appliances. to choose from and we are always glad to show and explain which are on display in our show rooms at all times. thermo Storage Water Heaters Ray Glo Recess Bath Room Heaters ators Ray Glo Fireplace Heaters Ray Glo Built-in Mantle Grates Vulcan Smooth Top Ranges Oil Stoves with Lorain Burner satisfied customers in Anaheim, Fullerton, Santa Ana, Orange centia, or in fact Anywhere in Orange County. GAS APPLIANCES 109 West Sixth Street Santa Ana, Cal.