PAGE TWO
PHE SPRINGFIELD NEWS
TIIVRSDAV, MRACH 10. I»33
THE SPRINGFIELD NEWS
Published Kvsry Thuasday at
Sprlngllald, Louie County. Dragon, by
K
THE WILLAMETTE PRESS
U . K. MAXEY, Editor
Ei.Uiad as second elsa,, matter, February 24, 1804, at tbe puslollU
Bpnngtietd, Dreguu
MAIL SUBSCRIPTION RATE
c u e Year la Advance
$1.6U
Six Months
t ko Years in Advance
$2.60
Three Months
BANKS OPENING ON SOUNDER BASIS
itaiikh all over the country are opvtung tin» week
under the new law and regulations (aid down by m e tedeiui
governm ent. While there is no guarantee ot deposits as
such tne new regulations should m ake the banks winch su r
vive the exam ination just given as sate as possible under
(he present set up.
ill the first plat e all the gold and gold e e rtilk a e s have
been called in. it is now against th law to have either
gold or gold certificates either as individuals or hunks. All
this has gone hack or is going to the treasury, in lieu of
this gold federal reserve notes have been issued both against
the gold supply aud federal obligations as well as hank
acceptances, which have greatly increased the available
supply of money.
Under the new law a run ou a hank may be stopped
without closing the hank and liquidating the assets. If
the bank becomes w eak the governm ent steps in aud oper
ates it for a period until it is in condition to retu rn to the
directors or to be properly liquidated.
More than 10,000 banks in this country have failed.
New ch arters to banks will now be hard to get even if there
were people who wanted to go into the banking business.
Consequently if business retu rn s to normal or thereabouts
the volume of banking business in the existing institutions
will be greatly increased.
There can be no doubt but that the banks are now re
opening on the soundest basis they have ever operated ou.
Failures should be very low aud loss to depositors practi
cally eliminated in the future.
---------- «-----------
DEBTORS WHO CAN T PAY
Our country is now paying the price of cheap money
and easy credit during the boom days. That is all that lies
at the bottom of ou r present difficult financial situation.
The situation is no different, except in degree, from similar
situations which have followed every previous boom in our
history. This time the whole world was taking part in the
frenzy of speculation with easily borrowed money, aud not
only in America but in every other nation, debtors today
outnum ber the creditors, and creditors are reluctant to
consent to the scaling down of debts and starting all over
again.
It seem s to us inevitable, th a t that is w hat must
happen. In some directions this movement has already
begun. No one who lent money on Kreuger bonds or Insull
securities, or on some of the obligations of foreign govern
m ents expects to get his money back, or any part of it. In
m any parts of the country there are not only municipalities
hut whole counties and groups of counties whose bonds are
worth only a small percentage of w hat was borrowed
on them.
Other im portant classes of debts have not yet, how-
ev«r, been scaled down. Farm m ortgages based upon flush-
*time valuations can, in m any cases, never be paid off.
Bank Ioans made in flush tim es on security then worth
m any tim es what it is worth now, constitute an enorm ous
burden of debt which hangs like a mill stone around the
necks of hundreds of thousands or millions of small busi
ness men and m anufacturers.
We do not believe th at a return to real prosperity is
possible until some m eans is found of scaling down these
and other unpayable debts. Wc think all classes of credit
ors have got to take their medicine. We have no particular
plan to bring this about, but we are confident th a t it is
bound to come about sooner or later.
TIME TO PLANT LESS
W inter is nearly over, and it will be but a short time
before spring planting is under way in every part of the
United States. And in every part of the country farm ers
are more or less in a quandary as to how m uch acreage to
bring into production this year.
If half of the th re a ts of a “farm ers’ strik e” which we
hear about are carried out, there will naturally be a m aterial
reduction in the volume of agricultural production for 1933
and th at of course, will have a tendency to bring higher
prices for such as is produced. We think the realization
th a t it is necessary for the fan n ers of the nation, as a whole,
to reduce the acreage under cultivation has now become
quite widespread.
Farm ers understand th at a large part of their troubles
have come from retaining under cultivation m arginal lands
which were put to the plow during the war, when the utm ost
possible production was stim ulated by the high prices fixed
by the governm ent for agricultural commodities. With half
the world at war the United S tates had to feed more than
half of the rest of the world. But th a t condition could not
be m aintained, and the American farm ers’ export m arket
has been steadily falling off for the past ten years, since the
rest of the world got back to its agricultural operations.
Our belief is th a t this export m arket is going to con
tinue to diminish. Country after country which form erly
was a steady and reliable custom er for American wheat,
cotton, m eat and dairy products, is now raising nearly all
of its own necessities.
We think that 1933 is a good year for every farm er to
begin to try to help himself and his country by cutting down
his planting by anywhere up to 50 percent. If all farm ers
agreed to this they would find, by harvest time, that they
were getting higher prices than they have dreamed of for
years. They could pay off their m ortgages, buy the new
equipm ent they need and so sta rt the wheels of prosperity
spinning again.
OREGON MAY BENEFIT FROM DISASTER
&
While our sorrow goes out to southern California for
the terrible earthquake she has just gone through Oregon
m ay profit some by the disaster. A g reat many buildings
were wrecked or badly damaged in I» s Angeles and Long
Beach. Rebuilding will go ahead as soon as insurance ad
justm ents have been made. A brisk demand is anticipated
for Oregon lum ber for rebuilding and repairs. This will no
doubt put m any sawmill people to work.
F ear of the earthquake will no doubt cause some peo
ple to move to the northern part of California and into Ore
gon and others who flock to the south each year will no
doubt be persuaded to look for locations farth er north.
Oregon is free from earthquake and other disturbances
and has m uch to offer as a peaceful, and com fortable place
to live.
H
We m ight brag about our fishing stream s to the world.
If there were a fishing stream running completely around
Hie eartli at the equator it would not he as long as the
stream s and lake shores of Oregon available for fishermen.
Come on boys— wade in.
----------- - ♦ -------------
We hope this earthquake in California was the jar
when the depression hit rock bottom and started bouncing
up again. If it was the quiver was worth all it cost Cali-
fornla.
We did not get beer by C hristinas but now they tell
us its to be on April fools day.
7
L
Editor. Hprlugfleld Nows Dur lig
i the past six weeks. 1 have noted
the splendid support you have ac
corded the cause of higher educa
I lion III Oregon through the editor
, lul columns of your paper.
■ In times such as II iimi », the edit
rational In tllutinns, along with
oilier public activities, must do
their part In relieving the econo-
* title distress of the people of the
I slate But sound, discerning Juda
! ment, rather than hysler a, la nae-
easary to preserve our basic social
Institution from Irreparable dam
age.
Through your leadership and co
operai Ion, you have rendered a
great servire lo the s tale and Its
fulure citisene—th« boys and girla
of today. I take this occasion lo
cipreaa my personal appreciation
and that of the Institutions aud
sludm it. 1 represent.
Sincerely Yours,
W J. KERR. Chancellor
I
< 1 h X J » U 0 A Y 8 0 » A U CO
THIRSDAY, MARCH 1«. 1823
--------------- «,---------------
RUBYM.
AYRES
■
seit." he paused. "At any rale, w.th Apparently he hud not. He got up
Ninth Installm ent
UHara I thought you didn't like at the usual time, buthisl, ittbl
Pauline moved hurriedly, het
him."
went downstairs to breakfast.
pretty fac? flushing with pleasure
"You ought to real," Pauline
at the casual word ot endearment. | "1 don't remember dlacuaalt g the
scolded
I'm sure you mu t he dead j
subject
with
you."
Barbara noted It pityingly.
"You did You said It was u bore tired."
Later, when ahe « a s danclug
Hut Dennis haled breakfast in < R eg in a ld Root, Yale *$ $ ,•( l e Roy,
with Jerry Haruet, ahe »aid sud when you heard they were routing
bed
and said so.
N. Y., sad aa assistant m ark under
to town."
denly :
"I'll huve mine downstairs aud Matvta A. Hteveas, new retired, has
"Have you ever uotlved, Jerry,
The street look'd dreary and de-
. . . . ..
.
.. ,
come up again, he said. Bo Paul- been nude football r u a rh at Yala la
that wheu a man begin» to call hla sert««d.
there was not a light In any
,
a mn|e to bring ths Blue lutek to top
.
..
.
,,
.
,
.
.
..
wife my dear" It’s the end of ro window of the tall block of flats . Ine hud tiers alone. There was u gridiron rating
u.
.
... „
. i . lo"* »Mirror In a wardrobe
mance."
Barbara shivered.
"Well
good-
.
, , door op ‘
. .. .
,,
i poalte. and In It ahe could aee her
Jerry guffawed "Can't aay 1 night,
»he said
. . .
reflection a very charming re- LOCAL FOLK ATTEND
have, but 1 dare any you're right.
Barnet tried to put his u n its1 „
J * ’?
7
Romance la the ahorteat lived round her. "Are you going to have;
ALBANY VET MEETING
thing I know of, anyway. Awful!" an affair with that fellow?" he
Barbara glanced across the room inanded Jealously. "1 saw him lake wtalfuly why Dennis had not told
Mr. and Mrs Davo Mitchell, Crea
her ao.
i to where Dennis and hia w ife aat you Into Rltaen's room— or did you
well, and Mr and Mrs Sam Rich
Rhv sighed and took up the let mond and Mrs Myrtle Kgglmunii,
> togetner at the aupper table. Paul take htiu?"
ter. My thirling Child (her mother Springfield, all members of the
ine was watching the dancers
He broke off sharply, for Instead
eagerly, her face flushed and her of the burst of anger he had ex wrote):
i General laiwton camp Spanlsh-Am , Wherever there Is
. ____
sporting
eyes very bright. Dennis was pected. Barbara begau to cry— • I am sitting up In lied writing nrlcan war veteraus and auxiliary event of Importance you will find a
watching them too— moodily, hla softly, almost like a child.
thia, as I have not been very well, of Eugene, were among those who 1 corps of news reel camera men
evening to |r e se c t
These men would rather
hand Idly playing with a wineglass.
She slipped away from him, and It seem s such a long ttn> since I drove lo Aftmny Sunday
When ahe and Barnet went back ha let her _ gu. Barbara In a rage
__ MUW J“1*' l*aullne, and as Daddy attend the mi*etlng of the Camp cover a
ski-jumping content than
he could understand and cope with,I*1“* ,o «*’ *° *‘<>* Angelos on hual- Phillips group of that city.
(any other.
to the table. Dennis rose.
wonder ■»------------------------------------------------------------------------------------------ —
"Am 1 to be honored?" he asked But Barbara In tea r» - sobbing lik e ' "**"* ,or • f**w •*“>" 1
a girl—left him helpless an() i ‘“K 'f I*«"'*« will stmre you to me?
stiffly.
| 1 have not been very well— It’» tny
Pauline broke in. "Do dance with ashamed.
It was a strange thing that, once •" ,y 0,(1 •»•»«
•" l,r ■’»»
him. Barbie— I should love you to.
and it la a w alti they are playing safely in her room. Barbara's chief
*ny». hut I feel sure a rest and
feeling should be one of guilt. It “
° f you will put me right
now."
Spring titty« are pooping around the corner und
Barbara laughed. “Well, to please was not that she had any great a f-), , ” w “rM 5'ou’ •w eethrart?* Your
yon will hooii ho Hiking long drives to other townn,
faction for Pauline She felt that l*u ‘>r« te,i 1,1 ”
httle. and I long
you. . . .“
.
Into the country or out to fitthlng ntroaniH. D oii 'P he
She moved away onto the crowd somehow ahe was wronging Dennis ,o "*** 5rou *nd know thal you are
bothered with a Iroubleaotno car und have expenalve
He waa, as he had said, so uu NlRRY- Of course. If Dennis will
ed floor with Dennis.
breakdowns far front home. We can put your car Into
They danced for some time in like other men Dennis was differ-i “ ,n,e ,o°- w* *hnl* b*' only '«•<’
tip-top condition at our garage at very low coat.
silence; then Dennis asked abrupt ent and she knew that he despised
•” have him. but I am sure
I ionic of Violet Hay, Motogaa and General Ethyl.
himself for the thing he could not h*
b,‘ anxl"u* not to leave
ly:
"Do you really like thia sort of control. Yet the strange Inexpllc business after such a long absence
able attraction which she had fell
There whs a good deal more,
thi"«
5th and A S treets
Springfield
"This noise and glare— aud -and for him for so long had now com- ( ^Ike details of (he home life which
artificiality."
municated itself to him und was
'<> Pauline so far away now ?
"1 adore It," Barbara said. It was • proving stronger than his own In- *nd uninteresting Then a last up- w<
not the truth, but to-night she was herent loyalty.
peal:
afraid of the truth.
j Barbara was ea»entlally honest
I)” <o,ne ,f You can; you don't I
THEY PREFER-
"I loathe It."
with herself. No matter how much kn,,w h,,w m,“ h * wan* •“ •'**' y°u
"Why are you here, then?"
¡she posed and dissembled before
Pauline laid the letter down with
"Because you are."
her world she never for oiw mo- “ b-ellng of guilt She wished she j
had told her mother of this trip to)
New York, ami yet In a way she
Tlie Indies about town prefer our chocolatcii to
was glad now she Iwd not. be
any other kind. They have a taate and quality that la
cause had she done so she knew
this letter would never huve been
of the beat. Hand filled and made by experts Eggl-
Safety at Less Expense
“ A ” S tre e t S ervice S ta tio n
Our Chocolates
writ tea
She ».; ,ed and turned to pour j
onie cottee. and then she saw an
other letter which had slipped out !
of sight behind the toast rack. It i
was addressed In her father’s hand '
writing, and Pauline’s heart missed
a beat us she lore the envelope
(»pen.
My Dear Pauline:
I have got to go to Ixis Angeles
(or a few days on urgent business.
’ Could you managt» to coin«» to your
mother? Sh«» I n not at all well, and
I do not like leaving her alone. I
am sure Denula will spare you II
I you tell him the facts. I hope you
are both well.
In haste. Your loving Daddy
"I must go. Of course I must go,”
‘Dennis Caught h er In his arm s.”
I Pauline said aloud. She sat up In
bed and was surprised to see how
Suddenly he swept her away ment tried to pretend to herself I her hand trembled as she lifted
from
the crowded
floor and that she was any better than she her cup
through an arched alcove Into a was. And now at four o’clock In
The door opened, and Dennis
small unoccupied room.
this gray morning she sat down bj came In.
"We’re not allowed here," Bar the fire before he went to bed and
"Mother s III." Pauline said In a
bara said calmly."
looked Into her heart with cool I quivering voice.
"III? Let me see.” He took the
"in a moment. I want to speak deliberation.
to you."
She loved Dennis D'Hara as she two letters from her and read them,
"Pauline will miss us.”
had never loved any man—that "It’s not as bad as that. Is It?"
“She Is dancing with Barnet.—I was a truth that she had never he asked chillingly
saw her.”
questioned. She was sufficiently a I Pauline’s eye filled with tears.
"Let me go."
woman of the world to recognize
shall have to go, Dennis.”
“In a moment.” He was between that her attraction for him was
(TO BE CONTINUED)
her and the ballroom. “Look. Bar probably largely physical. She
bara—answer me one question and kuew that she angered and ernis
1 swear I’ll never mention It again perated him even while she drew
Colleges by the hundreds
I don’t know what you've done to him, and that the obstinate, inten- playing basketball, are fencing,
me. It’s— It’s like being possessed sely masculine trait in hl» chartic- playing hockey, polo, swimming,
—I’ve fought against It ever ter longed to overcome her und water polo, wrestling, boxing, and
since you left us. IPs no use. I’ve prove him self master.
(finally gymnastics. T h l; Is surely
tried to dispise you. 1 pretended I
She had controlled her love for a sports loving country. College
didn’t like you—but that make-: no him bravely enough until tonight, women are almost as active as
difference. When I was smashed until that moment In Rltzen'g little men in athletics. Basketball for wo
up—you kissed me, Barbara.”
room when he had taken her In his men is one of the most popular of
There wag a tragic silence, and arms and kissed her.
sports
the scornful sm ile died slowly from
Dennis was married, but lots o f --------
Barbara's face, and she Just looked other men with whom she had had
at him, her lips qulver'ng, h ef eyes affairs had also been married, and
suddenly very young. Then she It had not seemed an insuperable
moved her hand slowly and touch barrier, but here again Dennis was
ed his
different.
"Dennis— Pauline Is very fond of
Suppose he had been free. For a
me."
moment Barbara gave herself up to
'I know,
the wonderful happiness of that
“Well, then—” she took her hand thought. Free! So that she could
away—“let us go back, shall we? have married him!
She felt, for the first time, as I t '
Dennis went on quickly: “I don’t
know what you’ve done to me. But she had lost her way on the road
If you’ll Just tell mo—I’ll never ask of life; as If she had turned aside
you again. If I’d been free— "
and ao missed the greatest treas
Her trembling lips smiled.
ure of all. Without her Dennis
"Such a big ’If’. Dennis.”
would have been quite happy with
At that moment he seemed to Pau’lne, quite satisfied with her—
her almost a boy—no longer the but would he? Wasn't he already
disapproving, almor.t brusque man tired of Pauline’s insistent a ffec-;
To urist fare» to C alifornia cut.
she hnd known, and nt that mo tlon, her childishness, and her de
Longer lim its. Stopover p riv i
ment she felt also as If all her mands upon him?
lege»— and dozen» more Califor
nia deatinationa included. N o w
blttei experience had been swept
"If I hadn't come there would
ou can ride in warm, ateam-
away from her and she was a girl have been somebody else some
heated
coache» or reclining
e
ng chair
cb
again. In love for the first time.
day," Barbara told herself. That
car» lor le»> than ever before.
She closed her eyes, and as al was life as she knew It.
And you ran »leep in a comfof-
table tnuriat berth for the night
most unconsciously she swayed
She tried to feel brave and de
fo r a» little as $1.50. (T o u ris t
toward him, Dennl caught her In termined. hut when at last she got
berth» are the »ame »ize as Stand
his arms.
Into bed sleep was Impossible. She
ard Pullman bertha— not as lux
* • *
urious, but very com fortable.)
kept living over and over again
On the way home Jerry Barnet those few moments with Dennis
Stopover anywhere w ithin the
lim it o f your ticket. Roundtrips
was silent and sulky. It was three O’Hara. His kiss had been the real
are good for 21 day».
’ o ’clock In the morning, gray nnd thing—a seal set upon her heart
j chilly with a fine drizzle of rain.
and aoul forever.
S A M P L E T O U R IS T FA R ES
Wrapped In her fur cloak Bar
, bara sat with closed eyes and tried The O’Haras had been In New
One Round-
Way
trip
not to th,nk H was on|y wh£n theY York tfiree day» when a letter came
SAN
FRANCISCO
114.60
$19.86
s,°PPe,i outside her flat that she from Pauline’s mother. Pauline
LOS A N G E L IS
$21.78
$29.00
roused ........................
suddenly with a start. She was breakfasting In bed. Hhe had
anJ
many
olhm
flung the rugs aside. "I’m tired. had three late nights and was tired.
Why do we do these mad thlnga, She also had a very new and be
Jerry? It’s a loathsome life."
coming negligee, and she wanted
"You aeemed to be enjoying your to see whether Dennis noticed It. '
C A R L O L S O N , Agent
inanti’a rhorolatea are not surpassed.
A little candy la aa good aa any aprlng tonic.
It
la u concentrated food aa well aa a dellcloua confection.
F G G IM A N N ’S
“ W h » r>
tb<« H e r v ir »
D ifT o r m t
Î
What Is Greater Than Health?
F.very persnii I k entitled In ull in* nr nhe can get
out of this life. Health Is one thing thal can he had
cheaply. It ian’t the prevent inn llutt la expensive... It
ia the cure. Dr. II. C. Herman aaya, “Vitamin A, which
ia found in BUTTER, la it wonderful aid to health."
“There It No Substitute for Good Butter
and Other Dairy Products”
Ask your dealer in Eugene or Springfield for
I
MAID 0 ’ CREAM PRODUCTS
S I ANDARI) (JUAMTY
Diatributed Only under
une label.
¡Springfield Creamery Co.
HAVE YOU
OVERLOOKED
New
train fares
to
C alifo rn ia
the obvious
advantages o f ...
electric cookery?
S
S o u th e r n P a c ific
W
hen m illion* of
Y ou’ll be turprued, loo,
sfevtr homc-maJceti have
a* the uniformly *plrn<lid
found tuck Mtufactsm in
cooking rrauit*. Y o u r re
cooking electrically, can
you afford to be without its
cipe* will call for an exact
degree o f heat more pre-
advantsg»*? A n electric
ciee than a pinch o f aalt.
ra n g e in your k itc h e n
It’» obvioua that all gueaa
m ean* freedom from kit
chen cere». Put dinner in
work vaniahea when you
apply heat that accurately.
the oven anytim e in the
A ik your dealer to »how
day you pleaie and forget
you the many advantagra
of the electric range.
k until
dinner time.
MOUNTAIN STATES
POWER COMPANY
♦ )