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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Sept. 24, 1914)
ft IP in it r PXGfi SIX -pi I MDDFOT-n MATTi TOTOrNK MEDTOTTO. CmTCtW, TTTrKSDAY, ftTCPTKMTWft 21, 10M UNCLE! SAM jo SIOP HOARDING OF MONEY BY BANKS KH L SHOW CNFIOENC WASHINGTON, Sept. 24. Secre tary McAtloo InRt ulKlit nilopteil strln Rpnt tnonsurcs to irKO nntlonal banks to oxli'inl legitimate credit nntl charge normal Interest rates on loans. Ho telegraphed to ten national banks In tlm four rcscrvo cities in tlio south that their requests for additional crop movitiR funds from tlm federal gov ernment would not bo granted at this time, and mndo it clear that his ac tion was taken in connection with reports of excessive Interest rates and restriction of credits. In n statement mado pnbllc with tho telegram Mr. McAdoo declared that thcro was an extraordinary hoarding of money by banks through out tho country and piling up of re serves without occasion. Ho said re prfrtR to tho comptroller of tho cur SiMicy showed that money hoarding had been carried by banks to an ex treme degree, and announced that ho expected to focus attention on the guilty banks, by Issuing n dally list of those with excessive reserves. Although tho federal government has no power over stato banks or trust companies, tho secretary ex plained that stato superintendents would bo asked to rurnlRh avallablo Information on money hoarding In such Institutions. Ho characterized money hoarding by "banks as the agency most likely to impair confi dence and injure business. Tho statement in fult follews: "1 havo decided not to deposit tho second Installment of crop moving funds with your bank at this time. You can, however, it you deslro, "with draw ono-half ot tho securities depos ited by you and uso them as security for tho Issuo of additional currency if you make application therefor. I am informed that many banks In your slate aro refusing to mako any loans for crop moving purposes and that in many cases good loans are rojocted or unreasonable rates ot Interest asked. "I shall withdraw all government deposits from banks charging exces slvo rates of Interest or which refuso reasonablo accommodations and I shall refuso to issuo socalled emer gency currency to banks which aro not making uso of it on reasonablo tonus for tho benefit of tho business community. H is essential in tho present situation that everybody pull together in an unselfish spirit, for tho good of tho country. I, of course, expect tho banks to mako a reason nblo chargo for accommodations. My point Is that tho charge must bo reasonablo as tho co-bperation and help of tho treasury will not bo ex tended on any other basis. "Tho reports of nattonal banks now being received by the comptroller of tho currency in responso to his call for a statement of conditions of Sep tember 12, indicate an extraordinary hoarding of money by many national banks In various sections of tho coun try. I am astonished that so many of tho national banks aro pursuing a course bo contrary to tho public inter est and so Indefensible from any point of view. There is nelthor occasion nor necessity for it. "Full reportB have not yet been re ceived by tho comptroller, but they nro coming In dally. I Intend to be gin issuing dally a list of tho bankB which aro hoarding money by main taining excesslvo reserves, in order that tho country may know how the." aro performing their duties. Tho re ports of national banks aro public property and whllo they have been publlHhed In their respective commu nities, tho significant of their state ments is not generally understood. Tho public does ot know how to analyze them. "It Is a matter of extreme regret that tho glvernment has not tho pow er to exact similar statements from the utato banks and trust companies throughout tho country because I am satisfied from certain reports which liuvo comu to me that many of tho stato banks and trust companies, like many ot tho national banks, aro hoarding money nnd refusing to ex tend legitlmato credits. I shall ask the superintendents ot banltu In tho various states to co-operate with tlm government by supplying reports of tho condltlln of tho stato banks and trust companies." ITALIAN TORPEDO BOATS STRIKE E IN OIL PROMOTER Hesolutlons expressing confidence In Oeorgo l King, timber nnd oil Innd promoter, and giving hlni two years further time In which to carry out his development plans In Panama vi ere adopted at a meeting of 20 of the Medford citizens who bought stock In the projects. The Informal meeting was held Thursday night In the Jackson County Hank building. Two or throe of those present, did not sign the roxolutlon because they felt that if King was unable to com plete the details In two years, they desired to give him a longer time. (rafting Inclinations ot officials, who blocked tho way to securing a full title to tho oil lands, tho demo cratic administration, tho Kuropean war. and tho tightness of tho money market, are given by friends of King as the reason for the delay In secur ing action. All those who signed tho resolution feel that King will be able to straighten out the Affairs or the company If given time. In the meantime, attachments have been filed against bank stock held by King In local institutions, as a side angle ot tho suit filed against him by V. A. Stewart and Charles Young, to sev eral times tho value of the Judgment nuked. Among those who attended the meeting were Ilert Anderson. J. A. Perry, W. I. Vawter, II. V. huiusden, Charles Palm and others. A full statement of the standing of the stock company, and King's connection therewith Is being prepared. It I stated that King has placed 1000 acres of timber land In the hands ot C. A. Knight as trustee, as security to mnke good his promises. E KNIGHTS TEMPLARS MEET AT ASHLAND ASHLAND, Ore., Sept. 2 i. Grand Commandery of Oregon Knights Templar 1'Sth annual conclave, opened the business session at 10 a. m. hero today. Dillon IJ. Grants is mentioned for grand commander In tho line of succession. He is a resi dent of this city, a natlvo ot Ohio, aged 57 and has filled Important of fices In various Masonic bodies. Grand Commander L. L. Jewell of Grants Pass Is presiding. Fivo past grand commanders present. Tho California visitors includo Grand Commander Jas. It. Tapscott of Yreka and Captain General Klmer B. Stono of San Francisco. lllllah Temple Shrlners glvo a big demonstration this evening for tho official visit of Fred It. Smith, im perial potentate, of Rochester, X. Y and officials of his party. BRAZIL REFUSES WASHINGTON, Rtpt. 21. Kefus dl of Hit: Hniziliiin pivfriiinenl to ffriiut cli'iiriitici! to the lt'iiuiliii Hohert Dollar, which ouht to riii-i-the Ainerirnn fliijr licinre IwiMiifr Ido Juiieiio, may leMilt in iliploinulie or-ri'i-oiiileii'i'. Solicitor .IoIiiimiii of the state department Mjiil today (' incident wax not clo-.cl when the Memuor left port under the Hrl ! ling-, hut he did not Miy what cuiiim? lhi government might pnruc. Clearance was refused on the ground Unit ii'cngiii..'ng the clinic,; in registry niislit infringe on IJrnzil iau neutrality. ii - - - - TURKISH ENVOY SENT HOME (Continued from iage 1) NKW YOlilC, Bent, !M -Dow, June and Company, u Wull Htrmrt now uKoucy, published tho follow Inn today on lis news tkkur: ".Milan, )tal'- -Tlio Trlrndo cone poUiU'Ht of Hu rrrlt'r Pullu Hr it-port Uiul liru Jlnlluii I or pud o IhmHi and omi tnrpi'do bout i1nlroor ilrurk tnv t)ff Dm UhIihuIIoii nm personally and then wroto at length, Tho president directed Mr. Uryan to say In reply that tho statements mado by tho ambassador wero ob jectionable to tho American govern ment and hut for tho fuct that a tonso situation existed in TurKey, which ho did not deslro to ggravato, tho dlplomutlc Impropriety committed by tho amhai.Hudor might otherwlno be a subject fur discussion with tint Ottoman government. Tho president asked, whuther In view tho sltuutlou the ambassador cured to mako any expression of explanation, Tho Tur key envoy answered (hut ho did lint xxUli to ultur his view In any wuy und that ho would leave In u fortnight. Tho ambassador refused to iIImmiiui his mcIIoii further Ihun to vuy Hint lio hfld luketl hU Kovuniini'iit lor Jurnu of uhKuJHo, vsliluh lm vtits mr lulu would bu uruiiled, Mild would Icntu for Coiikluiilliioplu wllhlii ten MONTENEGRINS CAPTU RE RAILROAD ZEGOVI NA LONDON, Sepl. I.M. 10:10 . m. An official lopoil mxt out ui CVt tinje nnd lelepruphoil here hy the eor-re-pondent of Keuter'i Telerin coinpiiny -tuto- Unit the Montenegrin- epenitinj: in Ho-nin, niter a hot enangeinent. took the little town l PrnUlio. in the imnufdinte neiglihor hood of Siirjeo. wheie the detenleil Aiwtriiiiw hno taken ivfuev after nlmndonina n Itiruo numher of dead ou the field. ' LONDON, Sept. 'J I. 'MXi p. in In u ilipnteh fnun Kmi the oouv spiiiidetit of the KM'li.inge Telegraph company -ity n uiert-nue fiom (Vt tinje hriug- tlio news that Montone uriiw have eaptuied Montnk, u loun which control the only niilioiid in xoulhorn llerxegoxiiii". "A t'nltnro, the Austrian enporl in Diiliunlin, i- hlocknded on the ea wnid ido hy the I'raii.'o-lliiti-h fleet, it i- now entin'ly'ioohitcd from the out-ide world,'' suj-s the dipatch. UPON SECRET RAID LONDON, Sept. 'J I, 0:01 n. in. In a dUputch fnun Allioiw the corro poiiileiit of the I'.chani;e Telegraph company -ays he hu- learned from u diplomatic -ourco tlm- the Herman cruisers floebeu ami Hn-lau, which took refuge in Turki-h waters .-hort-ly after the outbreak of the war, .-teamed out of the Sea of .Miinimrn Monday of thi- week ami returned to the Ilo-phoru- ye-torray. TROOPS IN CHINA PKK1N, Sept. 24, 11:30 p. m. A Ilritlsh detachment numbering S00 South Wales Horder men and 400 Indian Sikhs wero landed near I.ao shan, China, yesterday. It is ex pected that tho Anglo-Japanese at tack on the first line ot tho Tslug Tau defense's will begin tomorrow or Saturday. WASHINGTON', Sept. 21. Scire tury Daniel- today onlcied the Mar coni wirclcxrf tnlion ut Sia-cotet, Ma.""., rliM-i'd at noun tomorrow in coii-eiiuencc of the failuic of the company to give a-xiirancc that it would comply with imwiI ccnsoi-hiii regiilnlion-. WOMEN CAN HARDLY BELIEVE How Mrs. Hurley Was Re stored to Health by Lydia . Pinkham's Vegetable Compound. Eldon, Mo. "I was troubled with displacement, inflammation and female weakness, t or two years I could not stand on my feet long at a time and I could not walk two blocks without en during cutting and drawing pains down my right side which increased every month. I have been at that time purplo in the faco and would wall: tho floor. I could not lio down or sit still sometimes for a day and a night at a time. I was nervous, and had very little appetite, no umbltlon, meluncholy, and often felt as though I hud not a friend in tho world. After I hod tried most every female remedy without suc cess, my mother-induw advised mo to take Lydla E. Pinkhum's Vegetable Compound. I did so and gained in strength every day. I huvo now no trou ble In any way uml highly prnlso yoi r medicine. It advertises IUu!f,"Mrs. ti. T. HuuuiY, Eldon, Missouri. flemeinlier. tho remedy which did Uils was Lydla K. I'lnklmm's Vcgotublu Compound, l-'or sale everywhere, It litis helped thousunds of women who havo been troubled with iJUpluco tniinti,irillanimution,ulcuriillon, tumors, irregularities, porMlo pulrin, Urkdrlm, tlmt hearing down fueling, indlgestloii, tiid nervous iirottrutlon, uftr all olhr inuuii Iinvu fulled, Why '.Wt you try it? Ly.llu , J'iikhuiii Mtidlvluw Co Lynn, Uuu, 'iJ'Aiiiijj , i h'i ,h CRESSY GUNNER ASSERTS HE SAW FIVE SUBMARINES LONDON. Sept. HI. I 'J'J a. in. Notwilh-taiiding that the llriti-h and (lernuui niiviil authoritie- a or! that one sulmmriiio wim ie-poii-ihli for the destruction of throe lliili-h oruioer- Tue-day. Albert Dougherty, chief gunner of the fro--y, one of the otui-or sunk in the raid, n- ipiol ed hy the I'hronicleV rhatham eorro--poiident, in-i-t- thai lie -aw fi' -tihiunrines one of which wa -unU. Dougherty toll a -lory thai coincide- with the experiences of othf -urvivoi-, hut as regaul- to the -ah-ninriue" he miv: "We go! co-er than the other .-hip- (lit Ahoukir ami tho llogue to -axe in many of their men a-s wo could. Someone shouted to mo, 'Look out, thoro'x a -nhinarine on our poit lieam! I mi xv Iter. She xva ahoiit 100 vardx uway, with only tho pcti-copc -liowiug. 1 look aim with a twolve-pottnder uml the -hot went oxer her by two yunU, but thai gave mo tho tango. I filed again, hit tho pori-eoH and the -uhmaiine di"ap pciirod. Thou up .-ho enmc again, and this time a part of the conning tower xvn- visible. I fired a thiul -hot, ina-hing the top of the eon niii tower, and the men Mnmling ucnihy sheuted: 'She's hit, sir!' Then they let out u great cheer as tho -tihmnriuc sank. "While she xvas going doxvn Ixvo (leriuan -ailors limited up, swimming haid. Hy ihis time wo had heon struck by ii torjiedo, but the damage xvus not vital, and we -hoiild hnxe kept afloat, but 1 saw another sub maiino on tho starboard -ido. Wo made a de-pemle effort In go! her, hut failed, and the torpedo got homo in our engine room. "Our captain xva on the bridge, eiviug words of advice to the orcxx 'Keep cool, my lad-; keep cool he snid in a steady voice. " 'Pick up a spar that'll help yo-i keep afloat.' That's the last I mi-v of Captain Johnson. Altogether I -axv five puhmnrines, nnd although our guns kept pegging nxvuy nl them, only one xvas hit, no far as xv( know." Do It loflnr Resolvo to smoke Gov. Johnion cl ears, tho best, and thereby patronize homo Industry. tf 1V 'SKiH gViwPBJS WfMi A JmRm 1) vlmN. R Qx l ' MM T i " 'Btms ' voi ii StSrwl "Get Up" and Get Don't you back up or stop until you've tried Dixie Queen. It's the one perfect tobucco for the big, two-fisted, out-of-doors man who wants a rich, mellow tobacco for both chewing and smoking. Yon get hold of DIXIE QUEEN. Note the honest sweetness of this pure old Burley leaf, aged for three to five years, to bring out all its mellow fragrance and flavor. DIXIE QUEEN has the genuine snap and taste that you want in tobacco. DIXIE QUEEN Plug Cut Tobacco is purposely made up for the sturdy man who is hungry for a real man's tobucco. For many years all sorts of brands have tried to beat out DIXIE QUEEN-but DIXIE QUEEN is still the leader of them all. Nothing fancy about the Dl XII- QdKKN package we put till the cost into the tobacco. As you say of u horse, "he's nil horse" so vu say of DlXIH QUIilSN- "it's all tobacco." say DIXIR QUF.F.N is the longest Justing goad tobacco ever sold. Slow burning in the pipe. The flavor is enduring when you chew. Hitch up with DIXII- QUKKN for n week's triul, nnd you and DIXIE QUKKN will nlwnyt pull together like it wcll-mntchcd team. Sold everywhere in convenient 5c foil pack ages also in I()c pouches nnd 50c lunch bore:). THE AMERICAN TOBACCO COMPANY iiipii c::m:kk:zko;. T ? t T T r ? t f t T t T ? t T t ? t T T t t T T ? r T r T r r r r r ? i WE ARE READY TO SHOW YOU THE DRESS MATERIAL FOR YOUR FALL APPAREL Our ninny yours' oxpcrit'iicc have Ihm'H pnrliciilni'ly lu'lpl'ul in ciiiibliii us to flioosc a siock of dress goods and silks especially appealing to .Medford women. These fabrics are all new, their designs are original and exclusive, their colors are fresh and in accord with fashion's demands. Here are suitable materials for any garment you want to make or t o have made this season, from the sim plest waist to the most elaborate costume. C'loakings and Suitings of every sort, in ovovy fashionable weave. Millions and Trimmings also in recent novelties. Instances of our moderate prices follew: .'f.i- Ml) Iv IJrocaded Venetian Sateens, for lin ings, ft2 inches wide, fast, colors, per yard J) Skinner's Satins, M(J inches wide, all colors, yard Jj1.5() . - . .-, Mlaok and White .Messalmes, lii in. wide, at 85tt Mroadcloths, 01 inches vld, nil new wanted shades Jj2. Remnants From All Depart ments At Big Reductions We have gone through the store and taken remnants from all de partments. Those we have cut in price and offer at bargain fig ures. Come and look them over. TO FOWNE'S RELIABLE KID GLOVES The best makes of Kid (Moves, accurately si'.ed and well made of good leathers, guaranteed, at $1.75 Ih'-huttoii length, in black and white $.05 Toweling for Fancy Work 'Kancy 'II nek and tMa'm xlMnnsk Toweling, 15 to 2-1 inches, W'l for fancy needhMvyrU, 'AVo.aiiTy none but alUlinen towo)ings in stock. These nro Ihoi'tM'ore every thread pure linen. Turklflh Towols, I'auoy and plniu, best finalities at lowest prlees, Jioe&te WWWMWMW h. : t & ? i t t ? ? ? T t t T ? t T t T f f Y Y Y Y Y Y Y Y Y Y Y m