w
P'AOE SIX.
MTCDFOTTO MATT) TRTOUNR MKDFORT). ORKOO THURSDAY, OCTOHMR. in, mm,
CENTRAL BANKIIS
REFORM NEEDED
STATE FINANCIER
IlOMi:, Oct. 10 Tlint a r.erma
uunt ami ticoosful currency reform
In tho United Statos can only b ef
fected liy the establishment of n cen
tral bank of control not. howovcr.
undor tho direction of hnnkern as ad
Vocntml by fornior Sonntor Aldrlch
1b tho belief of l.uljtl l.uuAtti, for
mnr milliliter of Itnllnn finances, for
mer prime minister of Italy, ami who
recently refuted tlu (met of financial
ndvlanr to tho new Chinese republic
In an article prepared by him for
the United Prem he today gives his
Uows on tho proposed currency log
islatloti In the United States, as fol fel fol
eows: "Thoro has already been noted the
clamor with which tho Americans of
tho United States decided upon some
tlmo ago and completed tholr In
vestigation of the question of banks
of Isauo for the purpose of reforming
their present Inadequate currency
system.
lroKicl Iaw Strango
"At that time all Europo wa3 lev
ied upon for Information and Italy's
constrlbutlon was competently made
by Slgnor Canoval. I did not nt
that tlmo make any comment, not
because of lack of courtesy or lack
of Interest, but merely because I was
then at the head of the government.
Now, I muBt admit, I am not sorry 1
kept silent. In fact, tho proposed
laws for tho reform of the currency
in tho United States, which have
followed tho investigation into the
question of banks of issuo, appear to
mo most strange. It Is not, indeed,
to bo wondered at that no one, not
evon President Wilson, is Eatlsfiod
with thorn.
"In tho first place, I believe, for
mer Sonator Aldrlch, who was the
moving genius of tho currency In
vestigation, wished to create n slnglo
central bank administered by bank
ers. Ills plan was open to many
criticisms, both In substance and In
form, but tho idea, however, of a
slnglo central bankxls unquestion
ably tho right one. Now I believe.
tho latest proposed law, would fur-j
nlsh n bank note currency, created by
tho national government, to twelve
dlffcront authorized banks of Issuo.
or emission which In turn would se-l
euro tho bank notes to the national
government by commercial paper and
which would maintain n guarantee
reserve fund of 33 1-.3 per cent of
gold or other legal money. This
certainly is a more exact conception
of good banking rules, tho issuing
of bnnk currency on commercial
paper and tho guaranteeing in part
of the currency thus issued by a re
serve fund of gold or other legal
money. In this way Is ended tho I
perslstenco In tho old tlmos of error
of covering the bank currency with
government bonds. It Is in fact
merely tho adoption of tho new
system which has already been gen
erally In voguo in Europo for some
tlmo past, and which tho United
States alone has been slow to adopt
Who Is to IleKulato
However, leaving to ono sldo tho
considerations aroused by the twelve
bnuku of emission, which Is opposed
to tho prosont day tendoncy of unity
tho only tendoncy as Is to bo seon
in Switzerland, that Is capablo of
regulating opportunely tho currency,
tho sight exchange tho Inward and
outward flow of gold ?wbo Is going
to dccldo upon tho sevorlty of tho
discounting of tho commercial papor?
Kltlior, in ono way or another tho
state will tako a hand and politics
will thug entor in, discrediting tho
responsibility of tho bank, or oach
individual administration of the
tuelvo banka will act indcpondontly
and thoro will bo twelve dlfforent
standards or discounting, clthor so
voro or lax taocordlng to tho commo
tion of other banks, a spirit of abso
lute rigidity, otc, otc.) which will de
termine tho soundness of tho bank
ciirrouoy in circulation, in which caso
tho doubts thus oreated will react In
moments of financial crisis on tho
banks of .omission themsolves, thus
aggravating the condition of tho in
dustrial markoto,
UuwQer, ono cannot loeo hopo that
l'ronldont AVllaon, who, succeeded In
ontnlnlng Ills tariff reform will sue
coed also In socurlng sound and
healthy principles in tho control and
issuance of tho national currency.
COUNTY
ACCEPTS
BONO BO
HGHES
8
IF
PRICE FOR MONTHS
Tho county court has accepted tho
bid made by It. 11. Wood, represent
ing C. W. McNear & Co.. of Chlraice:
Well, Iloth ft Co., of Cincinnati; K.
M. (Irani fc Co.. of New "Vork. and
PLYMOUTH, Mass, Oct 10. Tho
trial ot Mm. Jennie May Katun,
barged with the murder of her hus
band Hoar Admiral Joteph 0. Katon,
opened hero today, Assistant Dis
trict Attorney Kntxniann In lit
oi'otilng statement promWod to proo
that Mrs. Katon administered poison
to her husband.
1PP1NE
WASHINGTON, Oct. l.--Prosl-dent
Wilson sent to tho sonntu today,
tho following nominatiens:
To be a member of tho Philippine
commission and secretary for finance
and Justice Vlctoriauo Mnpa,
To be members ot tho Philippine.
commission Jaime C leern, Vlu
cento llustro and Vlncento Siimmin
10
PROTEST JEW BAITING
WASHINGTON, Del. 10. A iomj.
Inlioit liiNlvucliiu Secretary of Slule
Hrynit to pnilool to Kiwnn, in be
half of AmerieiuiH, iipiiiiil the llcilix
hint i to lie tiilVoditccil in Hie
house soon liv Kcpiesenlntive Siihnlli
of Itliuotx, not'onlmn to U iiii
noiiiieemctit tin til'tetnooii.
Wells '& nirkey'Vo., of Mlnnenpolls. ! ;:; ;
for $1100.000 Jackson county highway
bonds nt a premium ot IS.90 per
A
$1000 plus accrued interest. i J
Mr. Wood deposited his certified'
cheek for J450O and sinned n contract
with the court for the engraUnK ot
the bonds. He states that over half
of the bonds hate already been
placed. ; &
Mr. C. S. Woody who represented $
tho Commercial Trust Co.s of Kansas J
City, one of the unsuccenatul bidders, '
congratulated the county upon the .
bargain It had made. "This Is the ,
best sale of bonds made In IS ,
months," he statod. "It Is htphor $4
that any municipal or county security J
has sold for in that porlod. It Is duo
to tho fact that tho ltogue river al-
ley Is so well known all over tho
United States and that eastern In-
vestors reallto Its possibilities and
future. No section could possibly do
better with Its securities at this i
time."
acm
M
atinee
MTNAB REFUSES 10
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v wiuviBra rvi n.. us I X
Di-poMiijf of iK-ri-tcut rutin r
that lie would Ik- n eaniluln e next
yenr for gitverour or the Semite,
John L. ilcNab of Dipr riiunuetti
fnme today eame out with the flat-
footed nniioiiiit'ciiH-nt that he will tiot'
he "n candidate for miy pi'ilu of-ije
ss
fice wlmt.-oeu-r." "A P'htiuil ca
reer offers iii ih.irm tli't can he
compared witli the ihdciHM.dmcc of
prixutc life." he nid.
c
SJEEE3Z233
No more Grey
Hairs no more
dandruff no
falling hair when you use
ffai
ealtm
Restore hair to in natural
color, 1 1 not a dye. Get a bot
tle from your druiit today.
He will refund your money II
you aren't sbiolutcly latlincd.
OcuI$l ttdniszuti. Siirbbonk IB
nl on iranrt d 10c od d-Wl w. W
pJHcullCo..N'Il.N J. KA
gjl.4..4...4..4..i3fl
Jli:i))ltn I'HAiniAi v
(vw ft
Mi
AT FAIR GROUNDS!
Sunday, Oct. 19
Commencing at 2:30 p.'jm.
This matinee is given for the benefit of the Fair Association to assist them in
making up the shortage of this year's fair, ami is worthy of the patronage uf
all tho people, of the county, ami they will also he well entertained.
There will be 3 Good
Harness Races
Tn whidi Alhia, 2:11 1-1; Graee X., no mark; Harry N.,'J:12() 1-t; David llarinn,
2:1. JIallio I)., 2:20; llonnie .June, no mark, and other good horses will take
part. ' ." iCLtS...fiif.JjL tri?.J: ' - r.
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BREATHE FREELY! OPEN NOSTRILS
UNO STOPPED HEAD END CATARRH
A Noted Buckaroo Will Attempt to z
Ride Nero, thepucking Bull
Also broneho-biisting in whieh Clri..ly AFurpliy, the lioiod bucking horsr, and
others will take part. 'A'".. ' f,--' ''- -- u -. I
.
Making up the shortage of the Fair means a bigger and bettor Fair noxt year,
and this is what .Jackson County people want.
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4fr.ziiiixiii
5m$XJmm$
TESREAU OF GIANTS
!S
E
NKW YORK, Oct. 1C Charlea
M. Teiireaii, o mombor of tho Now
York Giants ami Alls Holeuo KUza
both niaku will bo murrlod here lute
today. Tefsroau will bo tho third
mombor of McGraw'e team to marry
during tho Inst three weeks.
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NEW SILK PETTICOATS
A eomiIet iiasortineiit f
bright new ooloro nt jiriow
Hint mwui a b'tf suviuj,'.
Jioe&ta
The Exclusive Dry Goods Store
Medford, Oregon
New Seasonable Merchandise
Quality at Significant Price
HENDERSON CORSETS
Will jsii' y' 'he aerwee juu
u.xpect from n liiuli-prieu
cnixcl at u miiiiII piicc,
blivsiii imw new nljlen,
43 to $5.00 eitch.
of Fine
Con
cessions for Friday andjSaturday
KNIT UNDERWEAR
Friday Mini Saturday we jilaee on a!c one lot LuiUe' Jersey Kiblicil
Fleece Lined Union fcsuitw, mostly lurge hizorf up to l, nt, oncIi,49
LUZERENE UNDERWEAR
Wo iinnouiice Unit wo now have n complete lino of Luzen-ne Under
wenr, the only, clofco-orotcli uiulerwenr on the market ; for health
mid wnrmtli it lmt no eqtiiil, mid is m highly recniniiiuinU'il by wnt
orn colleges; mmlo for Jt.dios mid ehildrcii; price ?1 to $1.50 en.
BOYS GRAY FLEECE LINED UNION SUITS, SPECIAL 59c
A good, wnun garment for tliia heason of tho yenr, oxlrn well made,
cut to fit, fcizes from 3 yours to 10 years, each .59(
$1.00 MEN'S V00L UNDERWEAR 89c
30 doyen Men's Tun or Qrny Wool Uudtrwciir, extra good value,
hires run from 112 to 41; each, hliirt or drawers, lit 89
$1.25 BEDSPREAD SPECIAL, 98c
We Jmve 10 clozon to di&poso of nt this snlo; heller vnliios tlinn can
be expected when tliuic mo gone, only 98
98(
.10
10
.25
$1.50 FLANNELETTE WRAPPERS 98c
.Mostly dark colors and large frizes, cneli, only
NOTION SPECIALS
15 I.wided I)i ess Weight, black or white, liy tho yard
Sill: Covered Spiral Collar Stay, !) in n package, for only.
5 Sill: Hair Nets, with elastic, all colors, for .,
J. & 1. Coat' Thread, 7 spools for
10c Neckwear, consists of Hows, Collars, Jabots and Scurfs, values
up to 50c, to cloho . 10
Flnnneletto Skirts for ladies, 50 A full lino of colors and styles
to select from, extra good values, only .- . 50
10c Tooth Ilnuli for cneli ono of Iho family, special, each, nl . 5
FleishoiJs Yauis in stock Wo curry a complete lino of colors in
Gormantowii zephyrs, also Shetland iloss 'LO(t mid lyrf
FLANNELETTE NIGHT GOWNS
8."o Lndic' Flaiiiieleltd flowns, light mid duilc stripes, exlra good
values, special .- .. oO
Ono lot asboiled colors uud styles, values up to $1.50, to close out
Friday mid Sntittday at, cuch, only -..- 98
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ZZMWW
tiiHliiut Heller When Nomi ami lleml
Ale Cl(ui'd rnuii a ('"III. SlnH
Nasty t'liliii'itint DIsi'lMiigex. Hull
Heaihulin Vniilxlu.
Try "Kl.'n Cream Halm."
(let a hiiiiiII bottlii anyway, Junt to
try It aiiiils a little lit the nontillH
and liiMtiuitly Miur eloKKud iioko anil
Ktoiid-iii nlr piiKdiiKi'rt of Iho head
will ei'eii: uii will breathe freely;
dtilluenN and heiulni'lie dlnaiar.
liy iiiuriiliiK the eatarrh. roliMu
head or ratarrhal note tin out will hu
mine.
Hud Hiirlt mlnery imw' (let the
hiiiiiII bottlii of "i:i s Cre.im lliiliu"
at mi) ill iik Htoio, Thin sweet, fra
Itraut biilm illdHiihcg by the heat of
the limit! 11m; lu'tint iiUch and heahi
(lie lullaiiied, imollcu tiiiiiiibiauii
w hit h 1 1 mm the homo, head and
tin-out ; eleaiii llin air uiiiHnnnii hIoih
natty ilbtchiirmm and u fcellm; of
eleaiiNliiK, MoothliiK teller i'ihiioh lut
nuMllately, c .
Don't lay awake tuulitht titrutwIlUK
for breath, with head rluttoil; mm
IiHh I'loxeil, hawlduu mid blowing,
Catairh or a cold, with Un riiunlm:
iuiho, rnul iuiii'iiiih dropiilug Into thu
throat, and raw ilrtunM In iIInIhnr
hut hut trill) tieedleHii,
Put Miur faith JiihI ouve In
'Kh h Creiim Halm" and jour cold
I or tnlarrh will ninely dUapiienr.
Eads : Holbrook ,Coal Co.
.W)41 'I
UTAH COAL, ROCK SPRINGS AND TONO, ETC.
Vt (lclivcr ono suck to one or more Ioiih any jilnco
in city. IMchho don't ask for credit, (.'ash on dtdivecy
34 Soutli Fir Stroot. Phono 1025-J
Clot Our Prices on What
WOOD
Von Vill Want for the Winter
TIER, CORD AND CAR LOTS
VALLEY FUEL CO.
Siicccssoi'H to KYiehstein.
Cor. Fir nnd Second St. West.
Tol. 70.
McDonald's
Chocolates
MADE IN THE MOUNTAINS
SALT LAKE
SEE OUR WINDOW
Medford
Pharmacy
NEAR POSTOFFICE
$16.80 Round Trip
PORTOLA FESTIVAL
MEDFORD TO SAN i FRANCISCO
YIATJIk!
VjSUN3rT 9
I (ocdimasiimtaI I
"The Exposition Line 11)15"
A four-day carnival and Mo with unlimited attrac
tions and entertainment. Spectacular Parades, Na
val and Military Tournaments, fleets of. American
and Korean War Vessels.
RELAY RUNNING AND SWIMMING RACES
Sacramento to San Francisco
Including SWIMMING SAN FRANCISCO BAY
By Rival College Students
Tickets on Sale October 19. 20, 21, 22
Final Return Limit November 10
Gallon any Southern Pacific Agent for further
particulars
John M, Scott, Gonoral Passongor Agent
PORTLAND, OREGON