NEW PLAN FOR
REFINANCING OF
CITY EXPLAINED
WEDFORT) MATTi TRTBT7NT5, irEDFORP, ORKCJOX, TUESDAY, XOVIttmETT 28. 19JG
PATJE FJVE
Audience of Business Men Hear Mun
icipal Counsel's Scheme for
Unravelling City's Tangled Finan
cial System Contrast Is Made
With Medynski Plan for Rcbonding
The now plim fr le ivfinniii-ins
of the i-ily wns dismissed at lorlla
het'm-e 1111 nii.lieiiee uf f00 ieole"iit
the Nntatoriiim Inst niKht liv Colonel
llownrd A. Hanson of Scuttle, the
inituit-iMil expert retained lay the eity
rouiiril to unravel the city's tangled
financial web. "
Colonel Hanson explained in detail
the workings of the proposed Mcdyn
Kki plan, showing the additional
heavy levies to he added on an al
ready hie.li tax harden, should this
plan he put in effect.
The city plan contemplates the en-
tire reorganization 0f the city's fin
nncind system, including the 'general
debt, the general water honds and ini
provement dehl for sewer and water
main its well us pavement. Payment
for nil improvement indebtedness un
der this plan will be spread oat sys
tematically ami ecnly from 11117 un
til lil.'iO, the lond heiiiR as far as
possible etrjalized and only interest
to be peJa during the next three
yenrs.
Under Modynski rinn.
Under the Medynski plan, Mr.
Hanson showed, the heaviest burden
will fall upon the city during the
next several years. These are the
years when the load of improvement
indebtedness will also he heaviest.
In the explanation of the plans, a
large chait was used, showing prin
cipal and interest payment of the
general debt nnd levies under the eitv
plan and under the .Medynski plan,
from 1017 until 1 !).'!". Two schedules
ero worked out for the Medynski
plan, one based upon the assumption
that bonds to refund the paving in
debtedness, which would, under the
plan, be )ut u (he city, would sell,
and the other based upon the as
sumption that they would not sell.
This schedule showed that in .1017
under the city plan Ilia levy would be
40 mills; if the Medynski bonds sell,
f4 mills; if Ihcv do not sell, 3-1 mills.
In l!H8 under the city plan, :Wj
mills; if the Medynski bonds sell,
5414 mills; if they do not sell, 8514
mills. !)l(l. city plan, :!:.', ; if Me
dynski bonds sell, 54 i if Ihcv do
not sell, 8:1. 11C17, city plan, 38'::
mills; if Medynski honds sell, 511
mills; if they do not, 43 :, mills. Un
der the Hanson or city plan the load
is uniformly distributed.
Side of Heads linprolnl le.
"Should the Medynski plan carry,"
said Colonel Hanson, "1 consider it
extremely improbable that the bonds
could be sold at 5 per ecat, as the
plan calls for. In almost every state
a city cannot e.o in debt over 5 or 10
per cent rf its valuation, and in most
states there are laws which prohibit
the holding of bonds of cities having
more than that tier cent of indebted
ness by trust comit:mics nrd savings
banks. If the Medynski plan went
into effect Midforu's total debt
would be over 371, per cent of her
assessed valuatiin. Naturally, then.
Mcdford cannot hope to compete in
the sale of bonds will) other cities
whose indebtedness is within the limit
of safety. It is probable that the
bonds will not be sold at all, inas
much as the measure prevents their
bale at anything over ." per cent.''
Colonel Hanson has recommended
that the city issue the bonds for re
funding under his plan at 0 per ccnl
instead of per c ent as in that way
ho considers that the city can actu
ally sell its bonds and complete the
reorganization of its finance. I'n
der his plan the percentage of city
indebtedness will run about V- pel
cent, a little above the margin ot
safety, but still low enough to assun
favorable bills.
I'aviiHiH fuller rily I'laii.
Vadcr the city plan, fifteen-year
refunding improvement bonds will bo
issued. The first three years prop
erty owners will be compelled to pay
only interest on their special assess
ments. For the following ten years
the miyments will be in-tallmcnts of
one-tenth of the principal. These ten
yearly payments, he suggests, should
be split in two parts each and paid
semi-annuiilly. Snrcnd out over this
term of years the loud of paying for
the pavement, sewers and watei
mains assessed against property will
not be heavy any one year and as
sessments against practically all
property will be paid. Some will be
lost, but that is inevitable under any
plan. Alter the expiration of the ten
years, two year- will be left as a
mnrcin of safety lor the retirement
of I be lo.niK
The new principal to be assessed
against each piece of -'roperty will be
composed of the old unpaid principal
plus delinquent interest. As each 11c
eount is settled in full it will be can
celled and the property eunnot again
ho assessed.
Would Increase Lew
The eity should not, nnd really
cannot ussiune the burden of paying
for pavement on street intersections,
Col. Hanson stated. It would increase
the tux levy malenally and would
benefit owners of corner properties
hut little too little, in fact, to war
rant the litigations and rearrange
ment of assessments that it would
necessitate.
Next March, fl,-j,(00 payment on
improvement bonds is due. To meet
this nayment the city has !fl."),000 on
hand. This cannot be paid out of the
tnx levy, as the taxes will not, in the
main, be paid before April first. The
payment must be met, then, by re
building under the eity plan. Hut
these 5 per cent bonds eunnot be sold
under the Medynski plan and the cit
must raise this in the next year's
levy, making the levy .14 mills.
There is no doubt as to the legality
of the Haneroft bonds issued by the
city, according to Col. Hanson. The
city's mime on the bond is placed
there merely ns the nidorser places
his nnme on n friend's note. Indors
ing them in this manner enabled the
eity to sell special improvement pa
per at a better figure than it could
have done otherwise.
Today the budget committee meets
and will decide whether the city plan
shall he adopted or whether nn addi
tional levy of 8 mills, which would be
necessary should the Medynski plan
earn-, shall be placed on the budget.
The various meetings held have been
for the puriwse. in part, of gnnging
public sentiment. If the sentiment of
the meeting last night may be taken
11s a basis of Judgment, the citizens
of Med ford are overwhelmingly in fa
vor of Colonel Hanson's businesslike
working out of the city's problem,
and the keeping of the tax levy at n
.low level.
FIRST DEGREE MURDER
HUNTSVII.LE, Va., Nov. 28. Da
vid U Overton, former clerk of Madi
son county circuit court, on trial hero
tor the murder ot Probate Judge
William T. I.awler, his political op
ponent, today was found guilty ot
Jtlrst degree murder. -
The court set January 12 for the
hanging. He pleaded self-defense.
IPORTLAND MARKETS
Portland Livestock.
POItTLAN'D, Ore., Nov. 28. Hogs
steady: receipts 171. Prime light,
$9.70 ft' 9.75; prime strong weights,
$9.75 9. Sii; good to prime mixed,
?9.50(3 9.5Ti; rough heavy packing,
$S.50 iff 9.10; pigs and skips, $$.25 &
8.75; stock hogs, $78.
. Cattle steady; ercelpts 89. Steers,
prime light, $70 7.25; prlmo heavy,
$7jf7.30; good, 6.750 7: cows,
choice, $5.75 6.15; medium to good
$5.25 5.50; ordinary to fair, $1.50
5; heifers, $5iG; bulls, $2.75 5;
calves, $5 Sx 7.
Sheep firm; receipts five. Choice
lambs, $8.75 fi 9.25; common lambs
$7 Oi 7.50; choice yearling wethers,
$7.S05i 7.75; good yearlings. $7.50if
7.65; choice light ewes, $5.50jC;
heavy ewes, $5!?) 5.50.
YKEKA, Oil., Nov. 28.-11. K.
Collier, attorney of Yieku and presi
dent of the First National bank of
Yreka, was indicted by the grand
jury Saturday for the embezzlement
of .f(iUIK) from a mining copartner
ship, among whom are II. K. Vail, C.
C. Keyes, Western Pacific agent nt
Oroville, and son, George I). Keyes,
of the same place.
The embezzlement charge urose
from the sale of mining property lo
cated six miles from Happy Camp,
on the Klnmath river.
Hail of ifflUOO was fixed, which was
given. Arraignment will bo Friday.
The indictment grew out of the
sale of mining property in the Happy
Camp district. Collier has lived in
Siskiyou county for many years.
Deeds Property Phwtly.
The indictment against Collier al
leges, District Attorney Allen stated
today, that the mining property in
question in the Happy Camp district
had been placed in Collier's bnnds to
sell by C. C. Vnil and the Keyes
brothers of Oroville, with the agree
ment that tbev be notified whenever
n purchaser was found. Collier him
self held but a tenth interest in the
claims.
Collier succeeded in having the
propert" placed in his hands with the
power of attorney to make the sale.
The Keyes nnd Vail placed their
deeds to the property in escrow in
the Hunk of Montague, but Collier
deeded the proerty directly from
himself to the purchaser, the Six
Companies. He received $15,000, the
indictment states. This wns in April,
1015.
Keyes Ilrotlters Investigate.
It was not until June, 1015, that
the Keyes learned definitely that the
mining property had been sold, Col
lier having represented to them that
he bad not yet made a sale. Fin
ally he told the Oroville men that he
hud been paid but $8000. They inves
tigated and learned that $15,000 in
cash had been paid to Collier. They
brought suit against Collier in Au
gust, 11)10, attaching his stock in the
newlv formed Hank of Yreka, nnd de
manding that the district attorney
ninko an investigation. ' 1
The evidence placed before the
grand jury resulted in the returning
of the indictment charging Collier
with the embezzlement of some $0000
of the $15,000 alleged to have been
paid.
The investigation of the case by the
Keyes developed that shortly lifter
the mine sale had been consummated
Collier, with four others, organized
the First National Hank of Yreka.
T
AT PAGE TONIGHT
Tonight at the Page thuatro the
Mcdford Choral Society, comprising
the best muslr.tl talent ot the valley,
with a cbonu ot 125, will render th-I
following prog! am, under the direc
tion of George Andrews:
l'mt I.
"Hall Bright Abode," Tanuhouser
. Wagner
"A Rondel" W. C. Macfarlane
"Concorto" No. 4, G, Cello Solo,
G. Goltermoim
Horace V. Heno.
"Miller's Wooing" E. Failing
Alisfi Florence Hazelrigg. W. F.
Isaacs, and Chorus.
"Vlssl d'Arto" ("La Tosca")... Puccini
Miss Florence Hazelrigg.
"Soldier's Chorus" ("Faust")
Gounod
"Song of the Triton" Mnlloy
I'm t II.
"Inflamntus" ("Stabat Mater")
KosBlnl
"Sweet and Low" Barnby
Unaccompanied
"Chant d'Automne' Trio
TschalkoWBky
W. Carlton Janes, Horace V. Reno,
Mrs. W. Carlton Janes.
"O for the Wings of a Dove," Solo
and Chorus Mendelssohn
Miss Florence Hazelrigg and chorus.
Sanctus, "Masso St. Cecelia,"
Gounod
Fletchor Fish and Chorus.
MARRIED
,T. X. Ilockersmith of Mcdford nnd
Mrs. Martha J. Shook of Ashland
were married November '26 at the
home of the bride's sister, Mrs. M. M.
Kinsman, 12(i Pioneer avenue, in
Ashland. Hev. II. A. Curnnhun of
the Presbyterian church wus the of
ficiating clergyman. Only n few im
mediate relatives were present. A
sumptuous wedding repast wns serv
ed, the happy couple leaving soon af
ter for their futue home in Mcdford.
Mr. Ilockersmith. has retired from
business and is" pile of southern Ore
gon's most respected citizens. Mrs.
Ilockersmith is loved by all who know
her. The participants arc both of
well-known pioneer families and the
wedding is the culmination of an old
time friendship.., Both have 11 host
of friends who .wish them much hap
piness. ,
E
l'irt-tlair.l Butter.
PORTLAND, Ore., Nov. 28. lilit
ter unchanged.
Chit-ago Wheat.
CHICAGO, Nov. 2S. Wheat:
Open Close
December 1.73 $1.60
May 180 1.71 '
Portland (iinln.
PORTLAND, Or., Nov. 28 Wheat
easier. No trading. Spot bids 2 to
5c lower. Mlunstem, $1.5(1; forty
fold, $1.48; club, $1.48; red Ruo
i'iin, $1.16.
Uarlcy $2 lower. No 1 feed, $38
h-d.
'loday'j car rcr'pts: Wheat 9,
barley i ohts 8. bay I
Rev. Paul Handy of Central Point
entertained the Drama I.oaguo last
'evening at the public library with a
I splendid lecture on Shakespeare. In
a studious review of the poet'B works
ho pointed out tho wonderful breadth
and catol'cisin of bis genius, making
bim( as no other man of letters, above
the limitations of nny clasB, any na
tion, or any age.
The speaker referred to tho relig
ious quotations of Shakespeare as
from the mystery plays and Latin
Vulgate, Instead of the St. James
Version of the IJIblo, which was pub
lished after all of bis works, except
"Tho Tempest," while Ilacon's
limitations, written alter the St.
James Version, was published,
were manifestly from that work, a
strong refutal of the so-called Bacon-
lan theory of authorship.
This lecture marks the close of tho
league's participation In the nation
wide celebration of the Ten-centenary
of Shakespeare's death.
Why "Anurlc" Is an
INSURANCE ,
Against Sudden Death.
Hcfore an Insurance Company will
take a risk on your life tho examining
physician will test the urine and report
whether you ore a good risk. When
your kidneys get sluggish and clog,
you suffer from backache, sick-headache,
dizzy spells, or the twinges and
pains of lumbago, rheumatism and
gout. Tho urine is often cloudy, full
of sediment ; channels often get Bore
and Bleep is disturbed two or tbreo
times a night. This is the time you
should consult dome physician of wido
experience such as Dr. Pierce of tho
Invalids' Hotel nnd Surgical Institute,
Buffalo, N. Y. bend him 10 centa for
sample packago of his new discovery,
" Anuric." rite hiin your symptoms
nnd Bend a sample ot urine for test.
Experience has taught Dr. Pierce that
" Anuric" is the most powerful agent
in dissolving uric acid, as hot water
melts sugar; besides being absolutely
harmless it is endowed with other
m-operties, for it preserves the kidneys
in a healthy condition by thoroughly
cleansing them. Being so many times
more active than litbia, it clears tho
heart valves of any sandy substances
which may clog them and checks tho
degeneration of the blood-vessels, aa
veil as regulating blood pressure.
"Anuric" is a regular insurance and
life-saver for all big meat eaters and thoso
who deposit lime-salts in their joints.
Ask the druggipt for "Anuric" put up
by Dr. Pierce, in 60-ccnt packagoe.
STRENGTH AND BEAUTY
Co with Dr. Pierce's Golden Medical
I Discovery. This is a blood cleanser und
I alterative that starts the li"er and stom
ach into vigorous action. It thus assists
! tho body to manufacture rich red blood
J w-hich feeds tho heart, nerves, br:vin and
organs of tho body. Tho organs work
I smoothly llko nuo-hlnory running In oil.
1 ou 1001 clean, siinng ami mreuuuus m
Stvttd of tired, weak and faint.
With Medford trade is .Mcdford made
For the best Insurance see Holmes
1 he Insurance Man.
TOO LATE TO CLASSIFY
WANTIID -Klfieen or twenty good
ewes. Arthur Myers, Rogue River,
Ore.. R. F. I). 1. 219
DIAMONDS AND SUCCESS
Wearing iliamonrls Kives an ulr of iro:-i!jrHy that brings greater
success. Everyone knows that .liamoiub ir I t'h, and that no u'io
can wear hom, who has not considerable mratiB or flrnt-class crodR,
If, then, you wear them yoi are uhowins positively that you ari ;it
least on the road to prosperity r.r.d it is humnn nature to pay tri
bute to success by helping it to further success. It Is business for
a lmsirtt'.; n:an to show tin, lie is uccessfu', lor It will bring lilm
more and better customers, and there Is no better way to show that
you are successful than by wearing well-chosen diamonds. All our
diamonds are correctly graded by experts, with exact weights, qual
ities, and lowest prices marked In plain figures. If you want the
best set It at Reddy's.
MARTIN J. REDDY, The Jeweler
4,2 K MAv STIIKKT IKH'SK OK Ol'AMTY VISITORS AI,VAV WKM'OMK
(K-t It nt
Itcddy's
THROUGHOUT CITY
The long-expected extension of city
delivery service Is about to bo real
ized as Postmaster Minis bus been
authorized to extend 'service 10 the
following streets as soon as the re
quired Improvements aro made:
Portland ave., Fast Main St., to
Eleventh St.; Queen Ann, from Roose
velt ave., to Mc Andrews Bt.; Reddy
ave.. from Roosevelt ave., to Mc
Androws St.; South Central ave.,
from 13th Bt., to Hoyd; Park ave.,
from Dakota ave., to Catherine st.;
Catherine st., from Park avo. to King
St.; Dakota avov from Newtown to
Peach; Beckman ave., one-half block
from Dakota avo.; Oak Bt., from West
Jackson to Clark; Alder St., from
We6t Jackson to Clark; Narregan St.,
from West Jackson to Clark; Welch
St., from West Jackson to S. P. right
ot way; Clark at., from North Central
ave., to Monzanlta.
Before service will be Inaugurated
It will bo required that prospective
patrons provide a suitable mall re
copticle. This need not be an ospcu
sive mall box, but tho post offlco de
partment Insists that some sort ot
box shall bo erected for tho recep
tion of mail.
All patrons ot tho poBt office are
asked to co-operate in making tho
service offieiont by Insisting that
their letters bo addressed to tholr
street and number, thereby eliminat
ing delay and assisting the postal
clerks in speedy distribution.
As Christmas comes on Monday,
making two holidays together, per
sons sending Christmas packages and
letters are requested to do their niall-
AVEHAGE COST STUDENTS
FOOD 8.3 CENTS PER
BALEM, Nov. 28. The com
mons co-operative ciub of Wllllaui
ette university, composed of 26 stu
dents, during October furnished Its
members with three meals a day' for
an average cost of 24.8 cents a day,
or 8.3 centa a meal, It wbb annouaced
today. This cost also Included tho
salary of a cook, fuel and light. The
actual price paid for foodstuffs for
each student wus 18.8 cents a day or
6.3 cents a meal.
Students do all the buying, serving
ot meals, washing dishes and other
work. F. E. Prlddy and C. F. Woraer,
students, have charge of the purchase
of food suppllos, and at the cost stat
ed they said today they were able to
obtain a wide variety of food and satr
Isfy the appetities of the club members.
Disease results trom nerve pressure
and abnormal circulation, Dr. Hedges
Ing early to avoid delay.
235 E. Main.
SURVIVAL OF THE PUREST
' Swt Caporal is die only cig-
!mte 10 survive l ie test at forty
eart on the market and remain
a national favorite, steadily Rain
ling in popularity. Because in four
decades the cigarette industry has
teen unable to produce a better
cigarette Sweet Caporal is the
purest cigarette that can be made
b with a pure tobacco flavor that
fias never been duplicated in any
ther cigarette at any price.
-
ti roved in
lias givfi
vtage-coii
he expr
bweet t
arctic, rrl
in lour d
unable t
rette 1
ever
Sweet
purest ciJ
witn a
lias neve
other ci;
CIGARETTE PURITY PROVED
IH BLACK AflO W.W
Smokers who watch the mterest
hig Sweet Caporal demonstration
re shown something different
The demonstrators burn some or
dinary paper (or them, which
leaves a black ash. Then burn
some of the hifjh-grade, imported
r rench ciit:irot
Thus before their, eves smoker
have the proof of Sweet Caporali
I demonstrators explain that thi
pure, tasteless, odorless, Sweet)
Caporal paper the purest
best
IH EVERT CIVILIZED
COUNTRV-'-SWEETS"
Sweet Caporal cigarettes are'
smoked, in every civiliied country
Ion the globe. 1 he world-wide de
mand for sweet Caporal grew
ipunty in black and white. The without advertiiing of any kind
remarkable record of this fa
mous original cigarette Ameri-
m i n hi mill - r. ?m
I if ii WJMmM m
S!7 Of A IV .? aC' L
So iN m m i i hi u
CajKjl 0g0F9 tamiliar
featurcSl(?crvictf l
' THE FIRST SMOKE
Nearly every man has fartrd
smoking with famous old Sweet1
Caporal, th$ original cigarette
.vcu Cano-'
i league stars
"Sweets, ' because their
purity insures whulcsomc enjoy
ment.
"GOCDOlifsWEETS".
That is the name by which
Sweet Caporal cigarettes are af
fectionately known to millions of
smokers
les are thel
ical men '
teen thous-f
the Unite
utes are Sweet Caporal smokers.)
No creaier tribute could be natd
to the purity of SwccC Capon V
SWEET CAPORAL IN THE;
service:
In the U S Army and NavV
Sweet Caporal cigarettes are ft
universal favorite, and have been
for over forty year. Today at
trverv officers mess, at every fort
mcnt Enscball nnd Sweet Cap- and on ever)- battleship. Sweet
Laporal wi1 be found a taouutf.
feature ol the bervtce
,ccaue m four
cipnrette industry ha:
unable lo produce a better
cigarette.
AMONG BALL PLAYERS
no other cigarette cnloys the wide
spread: popularity oi bwect capo
ral. Mundrcdsof big league star;
smoke ''Sweets," because their
purity insures wholesome enjoy'
oral have been national favorites
for four decades.
GET AFTER THESE DOLLARS
Our town should get. till of the trade in our t ratio area. Yv can't worry about
our neighboring town's business. We have enough to do to take care of our
own. I'ut we should get all of our own. How about these dollars that aro get
ting away from us I How about the dollars that are slipping through our fin
gers i We have I he goods. We have the values. Our prices are right. And yet
there is a lot of money slipping away from us constantly. The best way to get
after this money is to tell the truth about the man or the system that is taking it
away. Join in the Trade-at-IIoine campaign.