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"