anaheim-gazette 1928-11-29

Building and Loan Business Grows Orange County Companies Have Nearly $10,000,000 Assets Building and loan associations in California are doing such a thriving business, new laws are urgently needed to control them, Commissioner George Walker stated, in his yearly report to Gov. C. C. Young. In Orange county eight companies are operating, Walker reported. They have total assets of $9,555,418, compared with $7,226,303 in 1927. Principal legislative measures which probably will be placed before the state legislature at its next session were recommended as follows: 1. A law giving the building and loan commissioner power to license, or refuse to license, branch associations and agencies. 2. Standardization of interest rates on loans, investment certificates and dividend shares, giving all associations equal rates and thus eliminating competition. 3. An act making all associations without guarantee capital stock as nearly "mutual" in their method of business as possible. Combined assets of all California associations for the year were $337,760-657,32 he reported. This compared with $263,441,413.72 for the previous year. In other words, California's building and loan association assets increased almost $75,000,000 in one year. Thirty-five cities in the state have associations with assets totaling over $1,000,000. Among these were Los Angeles, San Francisco, San Jose, Pomona, Santa Barbara, Berkeley, Santa Ana, Alameda, Orange, Riverside, Santa Paula, Bakersfield, Lodi and San Luis Obispo. The general tendency in the business, according to Walker, is toward more conservative business methods. "It is quite probable," he said, "that before long 'five per cent and safety' will become a building and loan slogan." Important Problems Are “Threshed Out” California's complex agricultural problems were thoroughly dissected and exposed before several hundred growers at the ixty-first Annual Farmers' and Fruit Growers' convention held in Riverside November 8 and 9. George H. Hecke, director California Department of Agriculture, who was in charge of the meeting, selected some of California's outstanding argicultural authorities to lead the discussion, while visitors from out of the state contributed to the interest of an exceptionally complete program. Naturally, marketing was the subject of first consideration. The convention program brought out some interesting views on the subject, but, as usual, the most carefully thought out ideas were expressed only during the recesses, and in the lobby of the Mission Inn, the convention headquarters. Highlights of the first day's session were the report of R. N. Wilson, agricultural director of the California Development association; the discussion on tariff led by E. B. Brossard, member United States Tariff commission, and report of Stephen Barnson, State Real Estate commissioner, followed by a paper on farm land development by Dr. George P. Clements, manager of the agricultural department of the Los Angeles Chamber of Commerce. An address and motion picture of Dr. Wilmon Newell, degen Florida College of Agriculture, and plant commissioner of Florida, on the "Citrus Canker Menace," proved to be an excellent evening program. R. N. Wilson stressed importance of bringing agriculture and business into closer relationship. He declared that a clear understanding co-operation among all involved in the progress of the state. Tariff Commissioner B excellent insight into intimate workings of the body, the Tariff committee so, he answered a great that have been continue fornia producers. Real Estate Commission told of his trials and tried the farm land promoted during the past few years the proposed changes in Real Estate Act, which put the stop sign on developments. Dr. Clemen the importance of the changes in protecting legitimate producers. T confess that before he mon Newell's talk on Fertil problems he believed niad had a monopoly on plant diseases in the W phere. However, it seems has a few, too, and Dr talk, and with a conviction that our half-sister state is taking intelligent stine and pest control. will be interested to know da has 22,000,000 citrus nursery beds, or a number planted in groves, acce Newell. On the second day of some of California's foretive leaders and market cussed co-operative manject that is always good in any California agricl Nils A. Olsen, newly-su Bureau of Agriculture United States Department and featured v warned California against ceases and pointed out t pansion for fruits expected to continue at in the past few years. growers to consider incrduction in foreign countr that will limit to a certain chances for a great expre Harry Creech, manage the Sunnald Raisin Grtion, told of the recon Thirty-five cities in the state have associations with assets totaling over $1,000,000. Among these were Los AnMETROPOLITAN 6TH AND HILL LOS ANGELES See and hear CHARLEY (BUDDY) ROGERS in his First Starring Picture "VARSITY" A Paramount Talking and Synchronized Ait! with MARY BRIAN and CHESTER CONKLIN Also Public Heap Big Indian Review "POW WOW" with JENKS United States Tariff commission, and report of Stephen Barnson, State Real Estate commissioner, followed by a paper on farm land development by Dr. George P. Clements, manager of the agricultural department of the Los Angeles Chamber of Commerce. An address and motion picture of Dr. Wilmon Newell, degen, Florida College of Agriculture, and plant commissioner of Florida, on the "Citrus Canker Menace," proved to be an excellent evening program. R. N. Wilson stressed the importance of bringing agriculture and business into closer relationship. He declared that it is a most difficult matter to impose agricultural consideration upon industry, but stated that if we are to make any advance toward solving our agricultural problems, we must bring about Harry Creech, managing the Sunmaid Raisin Gration, told of the recons group, and declared that in a better position today been for the past several production, he says, will and the market situation. GIFT SELF SHOULD B. Har WONDERFUL It's a pleasure to revel amongst things gathered here. It's an uniment, elegance and real genuine answer the appeal for something ois moderate and within the reach o gifts, high in quality, from an abu Goods. Unusual values. Priced at ment, elegance and real genuine answer the appeal for something d is moderate and within the reach o gifts, high in quality, from an abu Goods. Unusual values. Priced at A Dependab The intelligent, painstaking, B. Har 108 West Center ESTABLISHED IN ANAHEIM GAZETTE a clear understanding and a basis of co-operation among all groups interested in the progress and welfare of the state. Tariff Commissioner Brossard gave an excellent insight into the duties and intimate workings of that important body, the Tariff commission. In doing so, he answered a great many questions that have been continually before California producers. Real Estate Commissioner Barnson told of his trials and tribulations with the farm land promoter in California during the past few years and outlined the proposed changes in the California Real Estate Act, which are designed to put the stop sign on uneconomic developments. Dr. Clements pointed out the importance of these proposed changes in protecting the interests of legitimate producers. The writer must confess that before hearing Dr. Wilmon Newell's talk on Florida pest control problems, he believed that California had a monopoly on all the pests and plant diseases in the Western Hemisphere. However, it seems that Florida has a few, too, and Dr. Newell, in his talk, and with a convincing film, proved that our half-sister state of the South is taking intelligent steps in quarantine and pest control. Citrus growers will be interested to know that Florida has 22,000,000 citrus trees in her nursery beds, or a number equal to that planted in groves, according to Dr. Newell. On the second day of the convention, some of California's foremost co-operative leaders and marketing experts discussed co-operative marketing, a subject that is always good for a debate in any California agricultural meeting. Nils A. Olsen, newly-appointed chief, Bureau of Agricultural Economics; United States Department of Agriculture, and featured visiting speaker, warned California against planting excesses and pointed out that market expansion, for fruits especially, cannot be expected to continue at the rate it has in the past few years. He also urged growers to consider increased new production in foreign countries, a factor that will limit to a certain extent our chances for a great export market. Harry Creech, managing director of the Sunnald Raais Growers' association, told of the reconstruction of his early stabilization of the industry. Donald Conn, managing director, and Lloyd S. Tenny, vice-president of the California Vineyardists' association, discussed the clearinghouse control of distribution. They are thoroughly "sold" on the trade association idea in agriculture, as made possible by the Capper-Volstead Act of 1926, and believe that some state legislation is necessary to bring all growers into a co-ordinated group with the objective of controlling distribution. Discussion of Mr. Conn's talk was largely to the effect that the "old-fashioned" co-operatives had beer successful and that the trade association idea is largely untried and therefore should be kept on a probationary basis. Other agricultural leaders who contributed a great deal to the success of the convention program were: O. A. Harlan, manager, California Prune and Apricot Growers' association; Carlyle Thorpe, manager, California Walnut Growers' association; C. C. Teague, president of the California Fruit Growers' association; W. F. Ellis, Federal Intermediate Credit Bank, Berkeley, and Dr. E. D. Merrill, dean, college of agriculture, Berkeley. The convention closed with a banquet at which Gov. C. C. Young was the guest of honor. U. S. INTERESTS LIE IN PEACE—NOT IN WAR The American student of our foreign policies will, if he has not already done so, do well to read carefully President Coolidge's Armistice Day address. There will find the American idea set forth in a logical and clear cut way, with a line of reasoning that will be difficult to controvert. The President shows us that the United States has always sought to promote the cause of peace, that our real interests lie in peace and not in war; that we desire naval armament only to protect our national interests, and that we have only succeeded in getting the nations of the world to agree to naval limitation when we ourselves had to make the sacrifice, not when Europe is confronted with a sacrifice of armament. President Coolidge also disposes of the erroneous impression current in some quarters to the effect that the United states, our net war costs, making allowances for anything we may get on the allied war debts, amounts to $36,500,000 and to retire our public debt will require about $7,000,000,000 in interest alone. Our annual expenses to take care of disabled soldiers and allied interests amounts to a half billion a year and before we are through with it the war will have cost us a hundred billions—home sizeable sum. As the President tersely puts it, our outlay in the war will be much greater than that of any other country. So much for what we owe the President wisely points out that every dictate of humanity demands that there be no more war, we must face the facts and "all human experience seems to demonstrate that a country which makes reasonable preparation for defense is less likely to be subject for hostile attack and less likely to suffer a violation of rights which might lead to war." What we need for defense, so the President points out, is not a big army but a navy big enough to take care of our interests. With out great coast lines, our outlying possessions and our great foreign trade this is essential for the well-being of the American people. We have urged a limitation of naval armaments, were successful in the Washington conference for limiting battleships, but unsuccessful in the Geneva conference for limiting smaller craft. As Mr. Coolidge points out: "It no doubt has some significance that foreign governments made agreements limiting that class of combat vessels in which we were superior, but refused limitation in the class in which they were superior. We made altogether the heaviest sacrifice in scraping work which was already in existence." "During last summer France and England made a tentative offer which would limit the kind of cruisers and submarines adapted to use of the United States, but left without limit the kind adapted to their use." In short, the other powers were willing to cut down the number of battleships because we had the "edge" on them, but would not agree to the same kind of limitation in which they were superior, although they would have agreed to limit the prospect future are unusual." FT SEEKERS SHOULD VISIT Hartfield WARFUL NEW STOCK revel amongst the hundreds of distinctive and peculiarly gifty there. It's an unusual store. One of the best examples of refine- and real genuine good taste. It abounds in gift suggestions that will for something different from the common place; at a price that within the reach of the average buyer. Here you may buy your city, from an abundant assortment of the newest 1928 Christmas values. Priced at competitive prices. Quality guaranteed to you by The President shows us that the United States has always sought to promote the cause of peace, that our real interests lie in peace and not in war; that we desire naval armament only to protect our national interests, and that we have only succeeded in getting the nations of the world to agree to naval limitation when we ourselves had to make the sacrifice, not when Europe is confronted with a sacrifice of armament. President Coolidge also disposes of the erroneous impression current in some quarters to the effect that the United States profited out of the war. We took no German possessions and have provided by law for returning the property of German nationals. Up to this time, as the President well "During last summer France and England made a tentative offer which would limit the kind of cruisers and submarines adapted to the use of the United States, but left without limit the kind adapted to their use." In short, the other powers were willing to cut down the number of battleships, because we had the "edge" on them, but would not agree to the same kind of limitation in the smaller craft in which they were superior, although they would have agreed to limit the kind we agreed if permitted to build all of the kind they needed—ships which would be useless to us. The United States has repeatedly made moves designed to make war less and real genuine good taste. It abounds in gift suggestions that for something different from the common place; at a price that within the reach of the average buyer. Here you may buy your city, from an abundant assortment of the newest 1928 Christmas values. Priced at competitive prices. Quality guaranteed to you by Dependable Jewelry Store t, painstaking, courteous service of the store will please you. Hartfield 98 West Center Street ESTABLISHED IN 1905 Daylight Saving Being Discussed Legislative Enactment Sought By the Big Towns Los Angeles and San Francisco, whose state senators were mowed down like hay as a result of the passage of the reapportionment measure by the voters of California, are seeking revenge. An insidious scheme is brewing in both cities. They are trying to force daylight saving back on the California farmer. Apparently they want the country folks to get up an hour earlier so they won't have so much time to think about politics. Everyone knows that the energetic people who work on farms and in farming towns never could bring themselves to quit work an hour earlier than they were accustomed to, just because the clock lied. They would keep on pitching hay and horseshoes until dark, anyway. After working an extra hour or so what good would the average farmer do in solving the state's political problems? The cities come to the realization that the farmers were too active before and at the last election. So they got together and decided that daylight saving is the best way to stop this sort of thing. Of course the daylight saving plan would affect the cities; also. But, according to reports reaching here, the city dwellers don't go to bed until morning anyway. So, if daylight comes an hour earlier, they'll gain an hour of sleep while the farmer is losing one. No one has mentioned a war in connection with the scheme, but indications point to one in the 1929 legislature when the matter comes up for discussion. However, with Los Angeles and San Francisco representatives backing the move, about all the country folks can do is to begin training their alarm clocks to ring at 4 a.m., when it really is 5. It is admitted that this will be a rather difficult task for rural alarm clocks, like their owner, are honest. Fourth New Building in Year A new tower will rise shortly on the University of Southern California campus when work commences on the Hall of Philosophy which is to stand as a memorial to the late Colonel Seeley W. Mudd, Los Angeles, mining engineer and patron of philosophy. Plans for the building were this week accepted by the University authorities. The new hall, which is the fourth building to be added to the University group during the past twelve months, will stand on the northeast corner of Exposition boulevard and University avenue. Its dominant architectural characteristic will be a 140-foot clock tower which will stand at one corner of the rectangular court. Around this open court will lie the three wings of the building, while on the fourth side, which parallels University avenue, will be a cloistered walk. The hall is to be built of reinforced concrete and brick, and is to conform to the general architectural features of the North Italian Renaissance period. In the new hall will be located the offices, classrooms, lecture halls, and seminars of the department of philosophy, and the Hoose Library of Philosophy. Provision is to be made for the accommodation ultimately of a philosophical library of 200,000 volumes. The first floor of the building will be given over to the offices of the professorial staff and the chairman of the department; to three large classrooms, and one large lecture hall, to be known as the International Hall of Philosophy, which will seat at least 300 persons. The suite of offices will be particularly attractive, as each office will ope non one side to a large common reception room facing the courtyard and on the other side through French doors to a walled garden, overlooking Exposition boulevard and Exposition Park across the street. Two stairways will lead to the second floor. On this floor will be found the Hoose Library of Philosophy which will occupy a room 114 by 36 feet and two-storied high, a room that will assemble in its spaciousness and decorative treatment the great hall of a European university. Adjoining this library will be the private offices of the librarian, two seminar rooms, which in time will be used to house the overflow of books, and a rare book room, ni which the priceless value of the Hoose collection will be deposited. In the tower which will be twenty For a Youthful Complexion SHARI Beauty Cream A non-greasy cream for a face powder base. The rich mellew, nourishing oils make the cream an ideal skin food well. $1.50 Heying's Pharmacy Corner Los Angeles and Corner Streets Two stairways will lead to the second floor. On this floor will be found the Hoose Library of Philosophy which will occupy a room 114 by 36 feet and two-stories high, a room that will assemble in its spaciousness and decorative treatment the great hall of a European university. Adjoining this library will be the private offices of the librarian, two seminar rooms, which in time will be used to house the overflow of books, and a rare book room, ni which the priceless value of the Hoose collection will be deposited. In the tower which will be twenty feet square will be a series of five book storage rooms, one to a floor, which will be made available to advanced students for individual study rooms. In the creation of this building it is the announced intention of the University to provide every facility for academic study and advanced research in order that this school of philosophy attracts to it scholars from all parts of the world, who are eager to pursue their advanced studies in the humanities under the most fortunate circumstances. ST. ANDREW'S DAY St. Andrew's Day comes on November 30, and wherever Scots foregather there will be heather, haggis, bagpipes and toasts to "the day and a' wha' honor it." Of all the many Scottish societies in the United States—the Burns societies, the Clan societies, the Caledonian clubs—the St. Andrew's societies are the oldest. It was founded in Charleston, S. C., November 30, 1729, and next year will celebrate its bi-centenary. A society was organized in New York 20 years before the American revolution. Another was organized in Albany, N. Y., in 1803. The day is generally observed throughout Canada, where there is a large cottish population. The shaft at the North Star mine in Grass Valley, already 8600 feet deep, is to go down deeper to explore a large payshoot at the bottom of the mine. This new development may make the North Star the deepest mine in the world.