Image provided by: Rogue River Valley Irrigation District; Medford, OR
About The Central Point American. (Central Point, Or.) 1936-195? | View Entire Issue (Oct. 1, 1936)
T H U R S D A Y , O C TO B E R l , JBJfl m GROUPS MAKE NATIONWIDE SURVEY American and State C E N TR A L P O O fT AM ER ICAN C E N T R A L POINT, OREGON Relief Trucks Transport Voters Banking A s s o c i e r o n s ^"olVaborate in investigation LO A N SERVICFS STUDIED Activities o f the Government in the Banking Field Are R eviewed and Position of Banks A nalyzed NEW YORK Detailed bank re searches, covering all phases of prac tical operating and economic facts and conditions related to banking are being made bv the American Bankers Association The resulting material ts being placed at the disposal of I] state banking associations, which in many instances are extending the re searches of the national association in their own states These activities are said to be a part of the general pro gram of banking development which is being carried on by the organized banking business. Among the most extensive re searches being conducted by the American Bankers Association is that of its Committee on Banking Studies, which is making a detailed survey of Federal Government lend ing agencies and policies The basic material, which is kept up to date by continuing studies, show» where the Government agencies get the money they lend, what liability the Govern ment assumes, what subsidy it ex tends, what return it gets, for what and to whom the money goes and on what terms it is loaned The Government In Bankln; "It is not the intention of the com mittee to express its viewpoint about any agency," says the foreword to this material “ Its intention is only tr de termine the facts. These facts prop erly assembled and presented should help banks to meet Government com petition if and where it exists The committee believes the Government entered the lending field at a critical period in order to aid banks and financial institutions If the time has come for the Government to with draw, it is the duty of bankers to demonstrate their readiness to take care of all sound credit needs " It adds that the banks must be equipped with full factual materia) as to the Government’s emergency lending activities and practices, and that fuii cooperation ha.« been given the committee by Government agen cies in obtaining facts Binders af the material gathered have been placed by the committee in the hands of state associations. Investigation of Postal Savings The Committee on Banking Studies has also made a survey of the Postal Savings System throughout the United States to ascertain to what ex tent it is competing with chartered banks. Questionnaires were sent to banks in all places where Postal Sav ings depositories are operated and their answers will be analyzed as a basis for the committee’s findings. The Bank Management Commis sion of the American Bankers Asso ciation has made a nation-wide sur vey covering the movement among banks to increase their earning abili ties “ through fair and legitimate rates for services they render their deposi tors." It has developed a plan of ac count analysis as a basis of fair charges "All business in order to justify its existence is founded on the economic principle that a reasonable return should be expected from services rendered.” the commission says Personal Income Loans The Bank Management Commis sion has also formulated methods for installing and operating persona) in come loan departments in banks "This plan contemplates making loans primarily to individuals and small business concerns, based upon the character and assur-jo incomes of the borrowers, as distinguished from the usual basis for ’commercial loans,' ” the commission says. It points out that a large part of the population is not now making use of available bank credit and that “to these people the personal loan de partment extends a valuable service which at the same time is profitable to the bank " It adds that it is “the duty of the banks to educate the pub lic to come to the bank for all finan cial services Small borrowers should be informed that the .«.cal bank i? willing to care for their demands " Other Researches Other researches are Demg made by the Economic Policy Commission of the association dealing with shrink ages in liquid commercial I nans caused by economic changes in the nation’s business methods while the National Bank Division has made studies of the lending and Investment powers of this class of bar.k, the pres ent status of the real estate invest ment field end of detailed data by sutes on earnings and expenses The Savings Division ras gathered the facU showing savings in banks of all types, the number of saving* de positors, the per capiU savings for the country as a »"hole and the effects of current economic and social changes upon the savings habits of the American people The association's State Bank Divi sion has issued the most ■ event figures available as to the detailed condi tions of sUte banks, showing steady improvement m the position of the sute banks, with marked expansion in their aggregate resource», while the Trust Division has compiled a guide to fees with a recommended cast accounting system. 1 he “no politics in relief' claim would seem to be questioned, at least. _ by this view of a Federal Emergency Relief administration truck with one of many loads of voters it carried to the registration booths in Keno, \ev. Federal gasoline was used to transport the workers, many of them employed on WPA projects. would have 40,000 farms by 1940, as compared with 33,000 ill 1935. This he said, will mean smaller farm units and a tendency toward more poultry production as a means George T. Frey, chairman of the \ot Intensifying agriculture. Other Jackson County Chapter of the Am speakers discussed the effect ot this erican Red Cross this week received prospective movement as regards the following teyegram from A. I,. increased egg production and pos Schafer, manager of the Pacific sible increase in poultry meat pro duction. coast area: New officers elected were Lloyd GEORGE T. FREY. Smyth, Canby. president; P. A. Gent Chairman Jackson County Chapter Eugene, vice-president; F. L. Knowl- American Red Cross ton, O. S .C. re-elected secretary- Medford, Oregon treasarer; Horace Peterson. Junc Bandon Oregon entirely destroyed tion City, and V. A. Parker, Blachlv, Coqullle and Marshfield threatened. I directors. Six hundred homes burned families ( wandering on beaches and highways some evacuated to Coquille. Red j Cross caring for emergency needs, | trained personenl on grounds. E stl-! mated cost one hundred thousand dollars. Suggest your chapter accept | Wets and drys who thought that contributions hoping you may raise i repeal of the Eighteenth Amend approximately $50. National Head ment would eliminate the liquor quarters starting campaign with question from the realm of politics contribution $25,000. and public discussion seem doomed A. L. SCHAFER to disappointment. Anyone caring to make donations to J Although the Republican and De assist in this work may leave their mocratlc candldate9 for Pre,ident money in any of the banks in Med- j a r e g t r a n g e l y q u i e t o n tha ,ggue a, ford or Ashland or the bank at | ,eaBt a dozen stateg are now tha Eagle Point, or make payment direct throeB of bltter wet and dry cam. to the local Red Cross office in the pa|gng Court House, Medford. • Maine will be a patchwork quilt of When donations are made, the do-1 wet and dry territory as a result of nora should be sure and leave their the recent local option election, and name and address as the local office “ as Maine goes, so goes the nation' will want to mail their receipt. Drys in Maine are claiming a greai victory in the large number of townf which voted dry. Simple Economics Liquor’ forces have been steadily “ The fundamental principles of government finance are exactly the losing ground in Ohio, where more same common-sense principles that than one-half of the townships have we follow in the handling of our own already voted dry under a local op family finances. So long as our tion law. More than a hundred addi government follows these principles tional townships and municipalities our people will prosper. But if our government disregards these prin will ballot on the question November ciples, it squanders our resources I. For the seventh time in four years and destroys the public credit.” — wets in North Dakota are seeking a Alf M. Landon. vote on the liquor question in Nov ember. Drys won a similar election in that state by a majority of 27.495 Red Cross Issues Plea for Funds to Aid Bandon Sufferers Liquor Question Returns as Major Election Issue Poultry Council to Back State Industry PAOB FIVE Local Happenings Mrs. Eddy Is still working at the Leever Hardware store and will have charge until Mr. Smiths return. Mr. and Mrs. Mose of Medford Mr. and Mrs. Jim Booth have pur-, Mr Dale Smith, new proprietor or moved to Central Point laat week. .chased the John Rosa ranch. T h e y 'the LeeTer Hardware made a short! ---------- are now living out by Loflands. Mr 8H(> Mr* Whiteside visited i businasa business trio trip here, here, returninr returning to to Dal- Dal las where hia wife is in the hospital. Mrs. Whiteside's mother, Mrs. Peart Mrs. Sandvig. a newcomer in the recently. He will look after business affairs valley, was a caller at this office I Tuesday. Mr. and Mrs. Sandvig hav> lh,,re and also move a load of equip- The Qirl Scouts held their first bought the Harry Chase ranch. ment here before he expects to re- meeting of the eaason last Thursday Mrs. Evelyn Skyrman is expected to ---------- i turn to stay. Mr. atul Mrs Harold Kingsley ] be scout mistress. Miss Alice Ander- are leaving for Klamath Falls tills Arthur Limbeck has returned son. Lieutenant, aud Misa Iris Hill, week. Mr. Kingsley expects to work home from the Navy with an Hon- Publicity Chairman. in the potato harvest. , orable Discharge. He is very much Mr. and Mrs. Eugene Walton ot •--------- . disappointed at having to leave the Medford enjoyed dinner at the Joe Harold Hugger and Ralph Den-iNavy on account of his eyesight. Cox home Monday evening. man of Medford motored to the Ore- I ------- --- gon Caves and Crescent City one day Mrs. Paul Hess. Carmen Wood Wade Humphrey was just one last week. ford and Melba Deffin of Loyalton, Calif., visited Mrs. Hess's sister-in- half hour covering the trail from Postmaster PanKey received a law. Mrs. Mervyn Gleason last week. Crater Lake to the rim Sunday. card from Mr V. A. Davis stating During their stay they motored to There are 21 turns on this trail. that he was feeling fine and improv the Cave, aud Crater Lake. They re ing all the time. t Mr. George Hitzler la having hia turned home by Klamath Falls and roof re-shtngled with new extra Alturas. Mr. aud Mrs. R. C. Humphrey width cedar shingles. These shingles made a trip to Crater Lake Sunday Mrs. Flaharty returned lust Satur are made the right width to cover and returned by the way of Klamath day from a ten days visit with her the old shingles. Mr. HHzler’s son FaFlls. They were accompanied by- parents and friends in Asotin, Wash brought them from Seattle. Wade and Hellen, their daughter ington. Upon returning she found and son, and also Vernice, their her sister, Mrs. D. Wright from Ca granddaughter. They report a nice mas, Washington, here visiting. trip but seen three had forest fires. Mrs. Wright did not know of the ab sence of Mrs. Flaharty when she A little son weighing six pounds. For 13 3/4 ounces was born to Mr. anil amt lir “ * isl' Classes Starting In Mrs. Truman Brenner at the Com munity Hospital Tuesday morning at | four o'clock. Shirley Brenner Is staying with her grandmother. Mrs. Limbeck, during her mother’s ab-| Prepare for the coming of sence. She is quite disappointed that Winter she didn’t get a baby sister. Complete New Line of last June. STARTERS ARMATURES GUARANTEED BATTERIES California, which has been termed 41916 E. Main by its own church leaders as "the | All new material Phone 84 blackest moral spot" and “ the 132 N. Riverside Medford Enroll now for Sept. Classes wettest state in the nation” , will have two liquor control measures on the ballot November 3,«one which | would declare beer non-intoxicating and the other which would set up McCALL S. & H. Green g the machinery for local option. and Discount Stamps g New Hampshire voters will ballot SIMPLICITY on all Cash ■ PATTERNS on two questions in November, un Purchases ■ der a mandatory clause in the state liquor law. The election will deter mine whether towns which now per mit beer and state liquor stores shall have that privilege for two more years, and whether towns with out beer licenses and state stores shall have an opportunity to change to the wet side. More than 50 precincts in Chicago BOTANY WOOLEN WOMEN’S FALL SHOES will ballot on local option in Novem DRESS GOODS ber. $2.9« to $9.9.1 «11.19, SI »8 to $2.91 A special purchase allows us Suede, Kid & Patent Leathers. Green, Brown & Black. to save you One Fourth on Naturopathic and Chiropractic Low, medium or high heels every yard. Physician Acute and Chronic Diseases Main Floor Main Floor Electrotherapy Herbology, Proc tology X-Ray "hone 170 Medford 128 E. Main Enroll Now October Prince Auto Electric Medford School of Beauty Culture QUALITY AND LOW PRICE Go hand in hand at the M. M. Dept. Store j Medford Dr. A. R. Hedges Watch and Clock Repairing Graves Jewelry Shop 402 E. Main St. Medford ■ ■ ■ ■ BARGAIN BASEMENT Where your dollars do double duty. COTTON PRINTS WOMEN’S SHOES 10c yard $1.49 to $1.98 RAYON PANTIES CHILDREN'S NOCKS 18c 10c pr. CHILDREN'S HIIOKH WOMEN'S WASH DRESSES 98c FOR A HOME 98c to $1.19 AS AN INVESTMENT A State Poultry council will be or ganized in Oregon under the spon- ' sorship of the Oregon PoultrymenV j SAVE ON ALL MEN'S DRESS A WORK SHOES Association as a means of coordina $1.70 to $2.OH ting the efforts and pooling the in-, fluence of more than a dozen differ-1 ■ ent poultry and allied organizations ,* .............................................................................................................. : in the state, it was decided at th*‘ j twelfth annual Poultrymen’s con vention just held at Oregon State At the Office of • ■ college. This convention, attended by mon j than 200 growers, turned into an en-| 202 Liberty Building, Medford. Oregon " thusiastic meeting in which it was Call on Pec-Trens. Warren Patterson, and our fieldman, Mr. C. A. _ Barnes. They will be giad to help you with your land problem. * decided to take the lead in a vigor ous policy of bringing the impor tance of the industry before the peo ple of the state and nation. Past ef Low Interest Rate Convenient Terms forts to gain needed legislation or other action in behalf of the indus try have been too often nullified by A inability of those interested to speak with a united voie», according to i Ambrose Brownell Mllwankie, chair man of the special committee ap pointed a year ago to formulate a plan for a state-wide council. The council as planned will be made up of delegate representatives from all the different organizations interested, and It will operate some what along the lines of the now well- established dairy councils. Among the projects mentioned for its im mediate attention were revision of the state egg law, obtaining ade quate appropriations for poultry di sease investigations, including tur key diseases; uniform labelling law for vitamin bearing oils, considera tion of tariff policies, promoting state cooperation in Import«!»! expo sitions and a number of other lessor projects. The convention beard the predic 0 tion from A S Burrler. head of the  farm management department at O S • • .______________________ ._________________________________ 8 * O , that tit« Wiliam«"»« vsllev £_______________ * *> '• * • * 4L * « « # # «r « * « « « « * •*** « *• + • « m « « + • a « • * w * » « «~ v « Jackson County Farms FOR SALE ■ I Stock Ranches Diversified Farms ¡ October 5 & 6. ' National Farm Loan Secretary Treasurer ■ Does Your The Federal Land Bank o f Spokane ■ Roof Look Like I Medford Domestic Laundry ; ZOR1C Better check up and be ready for the rainy season. We have a large stock of the best C E D A R »SH IN G LES Garment Cleaning (The everlasting kind) Competitive Prices Quality Work Phone 166 30 N. Riverside ♦ Porter Lumber C o .! South Fir St. Medford Phone 124