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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (June 8, 1930)
Medfoed Mail Tribune Second Section Six Paget Second Section Six Pages Twenty-Fifth Year MEDFORD, OREGON, SUNDAY, Jl'NK 8, .10:51). Xo. PROGRAM . Monday, June 9 8 a. m. lircnkfast Coiifi-ppiico, downstairs himqni't room, Moilforil Hotel j . .Mr. Mini ll. ISiiKer, I liHirnuin I'.xih'iuivp i ouimiuee, pit'snunf ( 'mil init t - Ri-txii'ts liViitM'iil UiscilKsiiui . 9-3(1 a m I STATE BAKERS CONVENE HERE TOMORROW ' i ' '" , , . II President ill Sprretarv II Clliairman 1 1 Will k n a Mio nr BREAKFAST 1 i1 1 '4 mm r i jii nia i ir-i in ii m III! uumnu iu OPEN MEET i ' i Annua! Banquet, to Be Held Hotel Medford Monday Evening Frank Branch Riley Main Speaker Session Closes Tuesday. Preparations are complete , for the annuM convention of the Ore. Kon Bankers association convention to open here next Monday and crlUimilo over Tuesday, marking , th first time that the association $ has met in Medford in It! years. An interesting program has been arranged and a committee has completed preparations for the en tertainment of the visitors. ! The annual banquet will be held In the main dining room of the Medford Hctejl Monday evening, with Prank Branch Riley, the main speaker of the evening. The an nual ball, an informal affair, will follow the. banquet. Monday morning at 8 o'clock, at the annual breakfast conference, reports from committee chairmen will be read. Breakfast will be served in the downstairs banquet room of the Medford Hotel. This Is one of the most important fea tures of the convention, and too few have attended in previous years. Such a summary of various committee activities will keep members fully advised. The annual address of President Barnum will bo given Monday morning, following the usual pre- v ,ion sesslonR. " ' r - "" ' f? rum m. JTiiiutiii, tfuui-uuuiiai ur rector of radio Btatlon KPO, wan Francisco, will also- appear Mon day morning. Mr. Pitman Is the originator of tho Pacific Coast School of the Air, heard Tuesday and Friday afternoons over sta tions affiliated with the NBC. The work of the banking prac tice committee and of Chairman Kdlefsen in particular, has been so outstanding this year that Mr. Ede.lfsen will present his committee report as an address along banking practice lines on the regular pro gram. The flnnl address on Monday morning will be by W. A. Schoen feld of Portland, regional repre sentative of the federal farm board. The Tuesday morning program will feature the report of the agri cultural committee by Eugene Courtney, chairman. Recent bulb-tins and publications have given THE HOTEL JACKSON Cordially Welcomes . You to Medford and the Rogue River Valley , Bankers WELCOME, BANKERS! We Are at Your Service! Oppnint; Session, Hull Uooin, Mnsonie l!nildiii(j Mr. L. Barmuu, President of the Axsoeintion, pri'suiiu;; Call to Order. Invocation Rev. Claude R. Porter "My Orcein" Ud hy Mrt K. W. Sliockley Welcome to Southern Ore;,'oii....Mr. A. V. Pipes, Mayor Medtort Kesponse....Mr. :. C. Colt, Viee-Pres. l'irst Natl. Hunk, Portland Address of the President , Mr. I.. Barnum Annual Report of the Kxeeutive. Council. Annual Report of the Treasurer. Annual Re ort of the Seeretnr.v. Address, "Hehind the Mierophone" Mr. Paul M. Pitman Kdueation.il Director, Radio KPO, San Kraneiseo Appointment of I'oniniittees. Report of Agricultural Coiumittee....Mr. KiiKene Courtney, Chin. Report of the Spring Mectinj!, Kxeeutive Council, American Hankers Association Mr. J. V. Daly Meinher Kxeeutive Council for Oregon. Address, "National Kami Marketing Act" V. A. Sehoenfeld Regional Representative Federal Farm Hoard, Portland. Adjournment. Tuesday, June 10 9:30 a. m. Hall Room, Masonic Building Mr. Ij. Barnum, President of the Association, presiding. Address, "Escrows" Mir. Walter M. Daly President, Title and Trust Co., Portland, Oregon. Discussion Led by Mr. M. W. McCarty Trust Officer, Commonwealth Trust & Title Co., Portland Address, "Tax Psychology" Hon. Ralph S. Hamilton Speaker, Oregon House of Representatives, Bend, Oregun Report of-Banking Practice Committee J. N. Kdlefsen, Chm. Address, ''Activities of the American Bankers Association" Mr. Rome C. Stephenson, First Vice-President, A. B. A.; Vice-Pres. St. Joseph County Savings Bank, South Bend, Ind. Unfinished Business. New Business. . . , Report of Auditing Committee. Report of Resolutions Committee., Report of Nominating -Committee. r - - Election and Installation of Officers. Adjournment. . - considerable publicity to tho work of the 1920 committee. Walter M. Daly, president of the Title and Trust Co. of Portland, will address the convention on a subject dealing with escrows, some of the dangers Involved in han dling them, and methods for bet ter protection In this regard. M. V. McCarty, Trust Officer of the Commonwealth Trust and Title Co., will lead the discussion following. R. S. Hamilton, speaker of the house of representatives, nnd presi dent of the Oregon State Chamber of Commerce, will speak on this program dealing In matters with which bankers are concerned In state development. The final address will be hy Rome C. Stephenson, vice-president of the American Bnnkers as sociation, South Bend, Indiana, on Activities of the Association. The program committee has en- j deavored to arrange a program both Interesting and tnsiruciivo, 1 and all Southern Oregon is plr.n : nlng on making tho stny of the bnnkers In this part of the stnte a ' pleasant one. ! The Medford hotel will be tho headquarters for the convention ;nnd bankers will register there for free airplane rides to be given through the courtesy of the Stan ' dard Oil company in Its big tri i motored cabin plnne. There will also be golf tournaments for the entertnlnment of the bankers and i their wives. A ladles.' tournament ! will be held on the Ashland course. 1 Mrs. J. W. McCoy is chairman of the Uidles' Committee, arranging J golf, bridge, and 'luncheon at the ' Ashland civic ciud on Aionaay. An opportunity will he given nil those : who desire to visit Jacksonville, five miles southwest of Medford. ' the' oldest town In Bduthern Ore- i gon. a former mining center and scene of great historical Interest. ! i Polish rubber Industry is making rapid strides. Exports In 1928 In creased nearly 3,000 per cent In value over 1928. ' " GET IT 5 xts) ( Vpilescrjptions e PLAN TO ASSURE FARM FERTILITY By l'mnk I, Welter. (Associated Press Farm Editor) WASINNOTON VP) The Reese plan for private operation of Mus cle Shoals, adopted by the house military affairs committee in prof-! erence to the senate-adopted Nor-! ris resolution for government ope-! ration, provides for a constant supply of 2500 tons of fertilizer. It still is a point of debate whether fertilizer would be pro duced as cheaply as under gov ernment operation, but the profit to the manufacturer Is limited to 8 per cent. A prescribed amount of nitro genous plant food to be produced annually Is to he set by the board of three members tho president would appoint for consummation of the lease. However, the proposed plan makes mandatory the manufac ture of 10,000 tons of fixed nitro gen within three years and six months of the date of ttie lease and requires periodic Increases as market demands pustlfy. In fixing a maximum production capacity, the leasing hoard would be guided by the amount economi cally adapted or susceptible of bolng made economically adapted to the fixation of nitrogen, If the reasonable demands of the mar ket shall Justify It. Tho sale price would be com puted on the 8 pet1 cent profit, the cost of production including the rent paid to the government for'Use of equipment and 6 per AT ftAj jli 1 I,. BAU.M'M Mr. llni'iium, irt-.si(ti-iit of Oregon Hunkers association president or the First National iNink of The Dalles and vlcc-prcs-Itlent of the Moro State, bank, F Oregon loads nil states In re corded nnnker-f armor activities for l21- according to a recent Issue of the Coast Unnker, a mag azine devoted to bunking inter eKtH on the Pacific coast. This statement was announced at a meeting of the executive councils, American Bankers' association, Old Point Comfort, hy D. II. Otin, director of the agricultural com mission. Oregon's 1000 points-on the score card gave the state1, a perfoct record, each Item shoy ing points to spare. - cent on any capita,! invested by the lessee in improvements to. existing plants or In additional plants used for the manufacture of fertilizer. Preference In sales would -he given first to farmers and co-ope rative organizations or farmers. Resources of Oregon's 230 state and national banks nnd trust com panics had a total of $328. 088, 605 at the close of business March 27 according to the state superinten dent of banks, A. A. Schramm. Saving deposits revealed an In crease of $4,790,458.47 nnd all other deposits showed a decrense of $11,110,145.02. WE JOIN the people of Medford . in extending Hearty Welcome to all Visiting Bankers ' PALMER MUSIC HOUSE "We Sell 0 Happiness" T. I. CHAMHIl, .IK. ' H,o Mr. Cramer, secretary or the! SAM. II. HA K Kit W ' V i Oi-egmi Bankers association. Is u Mr. Baker, rhulriiiiiii of the ox- V . former resident of Circuits Pass, cent I ve committee. In cashier or ;t' i y y having sorvotlv hi the. legislature ! ihu (irautH Pass ami Josephine n - from Josephine county. hank. V - g , . -- 1929 RECORD ONE IN FRUIT TRADE Last year made history fur the fruit industry in Huuthern Ore gon and has been termed as a "growers' year," because of good market values and the size of the crop, This, coupled with the Unit ed action for the development of now markets and movements of high import to the future welfare of tho orchardiwts. A total ot $(1,127,040, a new cash record, wus received from the sale of apples nnd pears. Tho pears returned $fi,Gltl,28G and ap ples, $011,360. The shipments had a total of 4071 cars. The shipments were as follows: ifnnuy WrrtlttB-, 010. .. Packed Bartletts .. .GOB Howells , 101 Bobcs T. 727 D'Anjous : 873 Cornice 22H Winter Nells 410 Assorted 21 Chile Is encouraging colonization of Its lands. Hello Bankers We Are Glad to Have You as Our Guests AMERICAN LAUNDRY Phone 873 WE EXTEND A CORDIAL GREETING TO VISITING BANKERS We hope your stay in Medford will be a pleasant, profitable one niiiunijiii i r m w UAWUWVILLUU STAGE REUNION HOSKIU'HO, Ore., June 7 Pioneer days are to be re-enacted at Canyonvllle July 4. Canyonville was oneo one of the most Important communities In southern Oregon, as It was the ter minal for the California-Oregon stage lines and the freight and pas senger wagon trains operating from Hcotlshurg, the principal port In j the southern part of tho state. The completion of tho railroad, however, brought heavy losses to the town until the paving of tho Pacific highway caused tho CQm munlty to take on now lift.- . - Onn ot the old stage conches that used to roll into Canyonvlllo from California has been resurrected, and will be driven July 4 by Tom llurnolt, veteran siago driver, who will lead the parade. Mrs. S. Hus .hcII, 80, whose father, George Rob erts, settled tho land upon which Canyonville Is located, will be queen of the celebration. ( Photo courtesy Oregon Journal) RALPH S. JIAMIITON Mr. Hamilton, of Bcml, speaker of tho Oregon house of rviuvscu titlvcH, will address the convention Tuesday on "Tax Psycho logy." FIRST NATIONAL OF Ashland camo In for much favorable comment through the First National bank of that city at tho recent Pacific Northwest Hank management conference, as it wus on tho only .bank ropro t'onted by ItH entire directorate. Tho bank ha capital of $100,000 nnd deposits of $1,320,000 was or ganized 40 yeurs ago as the Pank of Ashland, ucconting to tho Coast Banker. H was nationalized in litou as the United mates National bank and then consolidated with (he First National Bank In April, 1014, a majority management being maintained by shareholders of tho United mates National. 13. V. Carter, president, ha been associated with tho 'bank since 1H8 1 nnd is believed to bo the oldest bank offlcor In point of service in the state. C. H. Vaupel is vice-president; J. W. McCoy, cnshler, CI. If. Wennor and H. C F,inory, assistant cnshlers. Cordially Welcome Visiting Bankers To "The Pear City" "You Feel Mors at Home' at the HOTEL HOLLAND We are glad to have the members of the Oregon Bankers' Association as our visitors Deposits Pass Six Million Dollar Mark, and Steady Gains Shown Sixth Among Smaller Cities of State. - The four Medford banks, First National, Medford National, Jack son County anil Farmers ami Fruitgrowers, reflect the financial health of Medford and the Rogue Kiver valley. The six million dol lar mark in deposits has been passed and Is continuing to grow. Last year saw the largest total In local history and there were only five other cities In Oregon with higher totals. Up until a few years ago four banks had been considered too many to serve the needs of Med ford and tho surrounding commu nity, but an Increased population. an Increased payroll and a greater number of business establishments actually made four banks a neces sity. More payrolls are deemed a necessity for any community anil ure expected In Medford in due course of time; The stock depres sion did not materially affect bust ness conditions, with banks report ing some of the best earnings in their history. People of Jackson county invested conservatively in stocks mid did not place entire savings in questionable invest ments is the explanation given for the satisfactory situation Tourist trade was a big contrib uting feature benefiting Medford last season, bringing In many thou sands of auto travelers, spending a huge amount of money 1 during stays of varying length In Medford ' and vicinity. Many spent' the entire summer along the shores of the county's numerous lakes and water courses. The Bame Is ex pected this year. Becoming deeply Impressed with the grandeur of scenery and the health giving qualities of southern Oregon climate, many never re turned to former homes, but pur chased property here and estab lished permanent residence. A huge mining program Is being de veloped In this region and plans are well underway for mining de velopment on the largest scale ever known In this section, A large percentage of Medford residents are faithful customers ot the four banks. "JEWELERS MEDFORD. ORE. ' "Wear as you pay the Cinderella way"
