Image provided by: Coquille Public Library; Coquille, OR
About The Coquille Valley sentinel. (Coquille, Coos County, Or.) 1921-2003 | View Entire Issue (Jan. 22, 1932)
torta WMWMW tu coquille PAGB FOUR TAixat sentinel , coquille , orhgon , frida Ÿ, J anuary H i »« The Sentinel in making additional loans in the next year or two. The groat nOeeaslty at thia time is a rere sarta is a saos tsws the restoration of credit and confi H. A. YOUNG and M. D. GRIMES dence. It is the hope and the belief alike of public officials and the heads Publishers of the crest agricultural, industrial H. A. YOUNG. Editor and labor organizations that this measure will accomplish this result. Chas. G. Dawes, who recently re signed as U. 6. ambassador to Eng land, has been named by President Hoover to head the new finance cor poration. R. A. Easton’s Weekly Letter Advertising Rates advertising' 26 cento per JB notices notice, insert- Entered at the Coquille Postoffice as Second Class Mail Matter. WHAT THE FINANCE CORPOR ATION IS EXPECTED TO DO For many years I have read and heard of Dean Straub of the Univer sity of Oregon and have had a de sire that some day I might have the opportunity to meet him. When in Eugene recently that desire was sat isfied. For 52 years he Was an ac tive member of the faculty of the uni versity and for many years of that time dean of men and since his health weakened two years ago he is dean emeritus. Fifty-two years is a long time to have served in the same school. , The question I asked him was, “What have you got out of it?” With out hesitation he answered, “A life.” Then he explained what life meant to him as a teacher. Ho had helped the boys and girls in his classes to see their school life and the life beyond the school life with a clarity of vision that stirred their ambitions away from petty meanness and sordid ideals into the way of righteousness. His smbition was to teach more than was between the covers of the textbooks, by connecting those subjects up with the honorable life and living which be was expecting of them. He trusted and had confidence in his students. As he looks down these 52 years of active service he sees mistakes which he made but those mistakles, what ever they may have been, do not over shadow or darken the satisfaction and joy that has come to him in his life's minutry as a teacher and leader of youth. In his years of service as dean of men the boys made him their con fidant. He never forfeited their con fidence and his judgment was never misplaced when he backed his stu dents. In those 52 years he loaned to or went security for students of the University of Oregon twenty-five thousand dollars and never lost a dol lar. At one time his nsme was on eleven different student notes for one hundred dollars each at one bank and when the president of the bank called his attention to it the dean asked him, “Am I good for it?" The president of the bank replied, “Yes, you are good for it but I am wondering how you will come out. And Mr. Straub told him, “The boys will pay.” And his counteance had a happy expres sion as he told me, "They did, my stu dents never caused me to lose a dol lar.” -. He told me that one of bis boys said to him, “Dean, we do not cheat in your classes. You trust us. When you are out of the room it is the same with us as when you are in.” He told me, “When I went out of the room I had not told them that they must not copy nor ask another student for help. I trusted them and they knew it” That is the way he summed up the character of his students for 52 years. I asked if the boys and girls at the university now are better or worse then fifty years ago. His reply was, they are just the same but the times have changed, things that would have been wrong then are not now. Years ago a girl in a short dress would have been out of place on the campus but not now. The distractions for the students ore greater now than in those earlier day«. And student life today is standing up as well or per haps better than those students of earlier days would have done under like conditions. Two yeans ago when he was taken sick and tho doctor questioned wheth er Dean'Straub would make the grade, he received letters from his old stu dents from all over the country and foreign lands as far away aa Aus tralia and Africa. Those letters are part of the riches of life and he has them tied up in packages and laid away among his treasures. Those let ters are a part of the “life” be got out of 62 years of active service in the University of Oregon. Of the ma terial things he has gotten a living. It is probably true it would be a small hospital he would bo able to endow. But Dean Straub has done more than endow a hospital. He has endowed lives with the art of living. R. A. Easton. Financial relief for agriculture, commerce and industry in the sum to tal of two billions of dollars is the purpose of the newly enacted Recon struction Finance Corporation Act, which forms the hub of President Hoover’s twelve-spoke program for the rehabilitation of the nation. Reduced to simple terms, the act is designed primarily to bolster the fast- failtoring banking structure by aiding both solvent and insolvent banks; to prevent a collapse of the rail trans portation systems of the country which find themselves unable to carry on necessary refinancing because of unfavorable security market condi tions, and to aid Intermediate Credit Banks, Agricultural Credit Corpora tions, building and loan associations and insurance companies. With the failure last year of 2,290 banks with deposits of 11,769,000,000 it is apparent that swift and effective action must be taken if relief is to be afforded In time to prevent a most serious and far reaching development. The outstanding difficulty confronting the country springs from the lass of confidence and the general state of fear that has been created by these widespread bank failures. Meantime, banks that are members of the Federal Reserve System find themselves without such negotiable paper as can be offered for re-dis count at the Federal Reserve Banka and so are unable to find the neces sary assistance from this Federal sys tem. As a consequence of these de velopments deposits in large amounts have been tied up in banks now sol vent; confidence has been seriously shaken and there has been a break down of local credit facilities with widespread decreases in values and general demoralization of business. In this situation there must be an improvement in the banking system before there can be any expectation of a return to normal conditions in the nation’s economic life. With this end in view the Reconstruction Fi nance Corporation Act will provide credit facilities that will afford relief to many banks that are worthy of credit and are unable at this time to command necessary accommodations. In addition to the relief which will be given to there institutions, provi sion is made for loons upon the aeeets of any banks that are closed, insol vent or in process of liquidation to aid in the reorganization or liquida tion of such bulks. It is the hope that this provision will afford a Large measure of relief to communities that have been deprived of normal banking accommodations and so aid such communities in attaining econ omic recovery. The depression has hit the railroads hard, causing tremendous decreases in both their freight and passenger traffic income. In addition, the con dition of the financial market affects their ability to refinance maturities that are coming due and which are in some instances most pressing. The total amount of maturities which fall due this year is 1110,782,60«. With refinancing of these obliga- tions made impossible under present market conditions the whole trans- portation system is threatened with disaster if relief is not afforded. The Reconstruction Finance Corporation is authorized to make loans to such carriers as are unable to obtain funds upon reasonable terms through bank ing channels ot from the general pub THE GREAT WRONG IN ALCOHOL lic. .With this vast aid to banking insti Alcohol is a narcotic and injures tutions, agricultural credit organiza the people who drink it It should be tions and to the railroads, it is the aontrolled as the other narcotic, opi confident belief that the credit situa um, is controlled by law. The injury tion will be eased all along the line done by alcohol should be eliminated with adequate facilities provided for as far as it can be eliminated. Just as the large refinancing of agriculture, we seek to eliminate injury from commerce and industry. And it is the opium, typhoid fever, tuberculosis, or purpose to get the new corporation small pox, this should bo done as a functioning without delay. An initial public health measure. There can be capital of 8600,000,000 wMl be fur no doubt but that the greatest single nished by the Treasury so that imme factor that we can control in the in diate greasing loans may be made. In terest at the public health of the na addition the corporation would issue tion would be the elimination of alco one billion, five hundred million dol holic drink. Thia is not tyranny, it is lars of its own securities to be used evolution, it Is science, it is civiliza- Performance —thrills you’ve never had in any low-priced car 65 to 70 miles an hour • 0 to 35 miles an hour in 6.7 seconds Silent Syncro-Mesh gear-shift • Simplified Free Wheeling Unsurpassed smoothness and quietness • 60 Horsepower LHEVROlETj You must drive the new Chevrolet Six to conventional gear, and try shifting gears with the easy, quiet Syncro-Mesh transmission—which la appreciate fully the many new thrills of its performance. exclusive to Chevrolet in the lowest price field. Take it out on the street, compete with other cars in traffic—and understand what it means to accelerate from a standstill to 35 miles an hour in less than seven seconds! Hunt out some long stretch of highway, open the throttle to the limit—and experience the keen joy of a top speed without stress or strain. Travel over the I roughest road you know—and learn the advantage of its Never has the actual driving of a Chevrolet Six meant so much as it does today. Come into oar showroom— without delay. Try out the Great American Value for 1932. Faster, livelier, smoother than ever—easier to handle and control—it gives performance-thrills you’ve never had in any low-priced carl new stabilized front end. Run the car throughout its full range of speed and power—and know the pleasure of Chevrolet’s new smoothness and quietness. PRICED AS LOW AS Then, try the thrill of Free Wheeling—of gliding along *475 A V on momentum in a modern quality six—of shifting gears easily, simply, and quietly. And finally, change back to NEW CHEVROLET SIX CHEAT AMERICAN VALUE Southwestern Motor Co MYRTLE POINT COQUILLE tion, and civilization is often com pelled to protect the individual against himself. Political propaganda by societies for prohibition reform, claiming that the preaent drinking and crime in the country are due to prohibition, and would cease with the repeal of the 18th. Amendment, is a curious ex ample of the delusions born where the wish is the father of the thought. The wets do not seem to realize that the crimes and drinking are due large ly to their own disregard of the law and their purchasing of liquor from bootleggers. Aa President Hoover ha« pointed out, if these very people ceas ed to patronize the bootleggers the whole prdblem would be solved. There is just one thing needed to settle this whole question at this time and for all time, and that is the edu cation of tho people of this country to the fact that drink is one of the old great wrongs under which mankind has staggered for many centuries and which in the «volution of civilization must he done away with; and that it is the duty of good American men and women to do their part to destroy this old man of the sea who is still trying to cling to our shoulder«, just aa wo destroyed slavery.—Contributed. A Little Brighter Aspect C. E. Niles hands the Sentinel a copy of the Automotive Daily News, published in New York, in which it was stated that the opening day paid admisison to the New York automo bile show was 87 per cent greater than for the same day a year ago, and that the Monday attendance was 40 per cent greater. This is taken to mean another upward trend in the automobile industry which is one of the basic national industries on which national business conditions are figured. feilUA.A If any additional road work is to be undertaken this winter in order to provide jobs for the unemployed the burden will probably have to fall on the secondary highway system, in the opinion of J. M. Devers, executive head of the governor’s unemployment relief program. Devers, himself, favors another bond issue of $1,000,000 in order to extend the state’s highway program but this proposal is strongly opposed by those who regard the state high way fund as a sacred trust and not to be used for such emergencies. “Something must be done,” Devers declares. “While the present pro gram will carry through March it is providing only one week’s work each month to some 10,000 men with an other 30,000 unemployed begging for a chance to earn a living.” Should the highway commission and the county courts decide on immediate improvement of the secondary high ways in older to provide jobs for the unemployed this winter Devers points out that it win be necessary to either borrow money from other state funds or to issue short term certificates of indebtedness. While the aet creating the secondary highway system be came effective January 1 no money will be available for diversion to this work from the regular highway fund until automobile registration fees be gin to roll in next June and July. Captain Harry N. Nile« who was loaned to the state by the Portland In 1921, a total of 1,100 persons vis police department to assist in the or ited the Oregon Caves, within the ganization at the new state police bu Siskiyou National Forest, Oregon. In reau completed his service with the 1981 the number was 28,912. state last Saturday and returned to BLACKSMITH SHOP ADDED I to A blacksmith shop has been added to the Coquille Machine Shop equipment and those needing that kind of work will find Fred Schaer in charge of the department. Let us figure with you on your requirements. COQUILLE MACHINE SHOP PHONE 4«-J COQUILLE Portland. As a token of the respect the buildings thereon will be handled in which Captain Niles was held by by Gehlhar himself. members of the state organization he was presented with a 12-guage Win chester shot gun in an elaborate leather ease upon his departure. Fat Girls! Here’s A Tip For You As was generally expected Govern or Meier interposed his influence to All over tho world Kruschen Salta restore at least an outward semblance is appesling to girls and women who of peace and harmony in the state de strive for an attractive, free from partment of agriculture where differ fat figure that cannot fail to win ad ence« between Max Gehlhar, director, miration. Here’s the recipe that banishes fat and Mrs. Ella Schultz Wilson over the and brings into blossom all the na management of the state fair threat tural attractiveness every woman ened to disrupt the entire organiza posseaes and does it SAFELY and tion. The governor in letters to both HARMLESSLY. In the morning take one half tea Gehlhar and Mrs. Wilson advised the spoon of Kruschen Salts in a glass two officials to get together and settle of hot water before breakfast—cut their differences. down on pastry and fatty meats— Apparently the suggestion wm ac go light on potatoes, butter, cream and sugar.. cepted, as GeMhar, who previously “It’s the little daily dose that takes had let it be known that he did not off the fat” and “brings that Krus propose to retain Mrs. Wilson, has chen feeling” of energetic health and since announced her retention, not as activity that is reflected in bright manager of the fair as she has been eyes, clear skin, cheerful vivacity and charming figure. for the past seven yearn, but as “di But be sure for your health's sake rector of exhibits.” In thia capacity that you get Kruschen. A bottle that Mrs. Wilson will devrte her entire lasts 4 weeks costs but little. You time to building up the exhibit fea can always get Kruschen at Fuhr ______ _____ tures of the fair. Financial problems I man’s Pharmacy, Inc., and money if not satisfied with results after ' I back ______ and the care of the fair grounds first bottle.
