Medford mail tribune. (Medford, Or.) 1909-1989, January 18, 1931, Image 7

Historic Oregon Newspapers

Medford mail tribune., January 18, 1931, Page 7, Image 7

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Newspaper Page Texti ArEDFORD MATT; TRTBITyE, ArEDFOTvD, OI.'KOOV. sl'NDAV. .1 ANTAKY is. hr.l. oins In Annual Observance National Thrift Week n MedfordJ THRIFT PLAN IN ! MEDFORD SCHOOLS rOR LOAN YIELDS RESULTS! That tfl tonphlnR of thrift In Modford schools has been effect ivo ami the pupils are really in terested. Is shown, by the rapid growth In school savings during the pa.-t four years, an interview with Superintendent K. H. lled rick reveals. . The plan was established In the Medford scliool system hy Mr. lledrlck in the spring of 1 0. and sreat difficulty was at first en countered In persuading some local hank or loan institution to handle the deposits. To handle the many small accounts turned In hy the schools meant extra expense in clerical work to the institution un ilcrlakins it, and the fear was gen eral among them that the venture would he short-lived. Mr. Hedrick said, "hut they failed to reckon with the Medlord spirit In the younger generation." In April 19211, B05 children. 3". pel- cent of those attending schooH in ui:u uhip. mauo uepositfl wnicn ' iniaieu au.nu or an average of fil cents per child depositing. Four years later, In May 190, 07.7 per cent of nil the boys and gil ls attending school were making wci'Kiy deposits to their accounts. ' her and i:n H. lluzcn. all of I'oi t At that time the total amount of j I jund. t-posit was $:i7,7iil. or an avr- Thse mm hav Iiccn irlvinir the hko of tlH.su fur eaeh stu.lent. Medford now ranks twentieih in ! all the schools of the l-nited Slates i of more than An ft attendance. e- I cording to tho last available na- tional figures published in thet durational Thrift tJazette, New York. Although hanking is not com pulsory, Med ford High' school has had lftft per cent depositors every week since March, 1927, thus en titling it to first rank among the high schools in the Pacific and Hockey mountain states. Deposits are made each Tues day through the schools, the stu dents banking any amount from one cent up. "Although thrift education is one of the most recent additions to the modern school curriculum, it Is already widely recognized by parents and authorities as being of sound practical worth and econ-' covering the Pacific coast divis omic significance for tho boy and j ion. says operations in the Oregon girl," Mr. Hedrick stated. The i lumber industry continues , on a persistent . and1. steady increase in greatly curtailed basM." deposits In school savings seems The report says rip saw mi! ling to have as its basic factor, the f was at less than 50 per rent of desire of parents to .Impress' upon4 their children the value, meaning and use of money. .' Medford National BANK NEW STATE CODE FIRM! NEARLY COMPLETE The Legislative commilteo pf tty oioKon State League of tfuHriiwr & Loan associations has been' en-4 gaped for some time paBt in! 'the j preparation of a new codit for liuiiitinff & Loan and Savings and Loan associations in .tho sliito of Oregon. Hovorul rirut'ta of tho coUtf I have been printed, and . the fjtiul draft is now being prepared umUir.j me supervision or John-Guy Wil son, secretary of the State -.Ilur .as sociation, wtio has lioon engaged as attorney for the Legislative committee. Tho , preparation of this code has received the mottt careful consideration, and " every effort is heinif made to outline and define all the material objects, pur poses, and methods of doing busi ness of the Kuilding and Ioan as sociations in the state of Oregon, particular attention being given to the protection of the investors in I such associations, and tho general public in dealing with these asso ciations. O. c. Hoggs of this city is tho chairman of the Legislative com mittoe having charge, of (ho pre partition of this code. Commit teemen associated with iiin are: IL ' O. I'argetor 'of J Ftosehui't;; (icorge II. Foster of Caker; It. A. Schramm. A. A.' AsbahiV K. K. Fitzwater. Lee C. Ktidd. K. O. Web- most careful aitention to the pre-1 ,,aratioii of this code for some I time past, and expect to have the same ready to submit to the leg- islature within a short time. t When completed, it is believed! this will uive to the neonle of the! state of Oregon a model iiuilding and Loan code. IBE! GUT AT LOW EBB roUTLAXD, Ore., Jan: 17. iP) The department at labor' -om- nlovment serv Ire's rn r-wnf i-ennrr. i nunnuU ' capacity in leoenUeiv .Many of the pine mills wore eloped for the sennon. the report fnid. January 17 to January 23 BEGIN SAVING NOW! Make that dream home a reality by starting today on a systematic thrift plan. Put aside part of your income for this definite pur pose. No matter how small a beginning you make this week, your dream of a happy home will be realized with only a little sac rifice. .!!.. LOCAL INTERESTS E FT WEEK MOVEMENT In observance of National Thrift Week. Jan. 17 to Jan. 3, Med ford institutions are stressing the importance of paving in order to insure happiness for future years. The week has been officially di vided Into the following: Thrift Day: Sharo-with-olhers Day; l!ud net Day; Make a Will Day; Life Insurance Day; Own Your Own Home Day; and Safe Investment Day. This segregation Includes suggestions which are undoubted ly of value to every citizen of Med ford. and the purpose of Thrift Week is to forcibly remind people of ways and' means by which they may improve their standard of. liv ing through consistent saving. Schools throughout the entire nation have only recently organ ized banking plans whereby the students deposit either small or large amounts certain days of each week. Thus tho thrift habit is being Installed into the minds of America' youth so that future generations may appreciate the value of saving. Among the financially success ful men who have put themselves on record in reply to the question. "Is saving necessary?1' are the fol lowing: Theodore Roosevelt has said: "The habit of saving money, while It stiffens the will, also brightens one's energy. If you would be sure that you are beginning right, begin to save." .lames J. Hill, the railroad king of the northwest and one of the greatest developers of men Amer ica has known, laid down this rule: "If you want to know whether you are destined to be a success or failure in life, you can easily find out. The test is simple and in fallible. Are you able to save money?' Now come two of the greatest modern merchants of America: John Wanamaker has said: "The difference between tho clerk who spends all his salary and the clerk who saves part of It, is the dif ference in ten years between the owner of a business and n man out of a Job." Marshall Field, of Chicago, had a recipe for success. It watt this: "If you would succeed in busi ness, always spend a little less than you earn. No matter how small your earnings, you should master this art." r- ' WASHINGTON. Jnn. 17. 0P) The senalo today approved the ' 5, 00 0,001) appropriation for Rod Cross relief work. There was no record vote. l CONGRESS ACTS L A short timo ago,, the Mail Tribune published an interestintr communication from a Ir.cn I citi zen suggesting that the govern ment could hi' ne fit the public, in the face of the prewnt so-called depression by grinding wheat held by the farm board into flour. This would not cnly provide employ ment but would be an aid in th' solution of aiding the poverty stricken to whom the flour could be given as food. The Mall Tribune sent United States Senator Charles McXary of Oregon a telegram covering the communication, suggesting some action be taken. Yesterday. S e n a t o r McXary wired back and said u bill had ben introduced in eongresn cover ing the proposition. The wire said in part: "A few weeks ago. Senator . Cappi "l Kansas introduced a bill author izing and directing the Federal Karen Hoard to deliver to the Red Cross forty million bushels of wheat to be converted into flour to feed the hungry of the coun try. One- day's hearing was had before the senate committee. Thot further testimony should be taken and 1 referred the matter to a sub-committee which has not yet reported back tuthe full commit ete. it will probably do so In a few Weeks. HIGHLY PLEASING 10 EX-OFFICIALS It seems odd to the former may or, A. W. Pipes, .since his retiiir ment from office the fir.t of the month, to be able to devote all his time to his own interests, andf pot to receive callers practically all day long at his office on Import ant and petty city business mat ters, or answer phone calls relat ing to the same, and betweeji times, chasing down to th city hall to talk over pending mutters with department :'headsf'ir making trips about the city to Investigate proposed improvements. While he enjoy this relief from city responsibility of -the past two years, yet he does not 1om any of his interest In city affairs and probably always will retain a rlose interest. It. II. Hammond, .lames, Collin.-. C. A. Wing and Kugcne Thorndyke. former con noil men' also enjoy their relief from niun!- ipal responsibility and the ability to .spend an tneir nine on uieir own affairs. It Is said that their new freedom is fo enjoyable that unconsciously the majority of them will not go within a block of the "city hall yet for fear of someone buttonholing them in regard to some improvement or other wanted city change. ' The sense of humor of Kx-Mayor Pipes was a great aid to him dur ing hi regime as head of the city when vexatious affairs aroe. and his retiring remarks addressed to tho old council at the end of his long formal public address, made a hit with the departing conferees, eppeially 111 reference to public rns-dng. In this last farewell he wiid in part: "I want to -take thin opportun ity to express to you my appreci ation for your loyalty to a policy which has made the accomplish ments for the past two years pos sible. The program has been yours you have executed it well. "When the community ha ap plAuded wo have shared the hon ors together when they have cuss ed I have borne the Uou'h hare. Hut to mf the two yearn have passed quickly and I shall -cherish richly in my memory tho oppor tunity which has been afforded ine of rendering n service to the city I love." Brisbane's Today (Continued from Page One) gigantic white letter A. That. Hlandn for the University of ArUniin. Evfitry ywir freshmen must cltnih the mountain nnd rant-fully white wash that loiter, which is t't feet . high. ! The university for whUh that let ter stands, Htul public education generullv. nre the nlory "f Arizona. The growth of Tucson Iins been, marvelous. Development of the public schools has been even morn rapid. This clti'eiis have spent their millions generously. An ntl ! mlrable public srhool is provided for the Indian children. Anotlmr higgor nnd even morn modern for chiUlren of the Mexican nuarter, uo discrimination tiefng mu'lp. Splendid grade schools ami high schools ure numerous. Th I nlversity of Arlzonn Is n statu InsllMitinn, free to those thai ' live In Arizonn. Students niny 1 come from other states paying n tuition of $ir,o n year. Kverythlng Ihat a university shouhl have this nnlviTfliv tHiMMfj'ti'H. inrluditrg htilliant aiiI IndV-drioiis pleslditil. Dr. Homer I-roy Hchautz. Ami jiome things no eastern mllecn can I pvit linvn. Including a gat'ln of desert plants, gigantic cacti, antl ON L A A io ill wheat NEW FREEDOM IS others so small you scarcely ee them. Arizona will not let you move i'lie from the stale. And the uni versity has a pit for lalliesnakes., bred ami nourished for their ven om, used as an antidote for snake bito and dexterously milked from the poison glands every ten or til' leen days. - It takes an adult snake thai length of time to store up new poison. Vindictive human heinus aml warring nations do it more lapidly. BUILDING and i mm in im-iilininirn m ri DURING NATIONAL THRIFT Look Into rr T?nr Build a Home Through our home owner ship plan it is (in easy matter to own a home of your own , . . Begin NOW to lay the financial foun dation for y o u-r new home . .. . Let us tell you just how easy it is ! COPCO PREFERRED offers a safe and profitable, investment in a sub stantial and growing utility operating right here in Southern Oregon and Northern California. Why not observe THRIFT WKKK by investing in Copco Preferred Stock? Come in for details of this attractive home invest ment or write to our Home Investment Department, Medford, Oregon. The KlrU at this co-educational ; university, get the use of a good ( saddle horse for lt per semester. The hoys play polo, and pliin an ; eastern trip to challenge Trince lon. They Plight try Lawrenceville ! at the same time. Seeing your country first, last ! and all (he time, don't fail to visit I Arizona, north and south, cast to west, hmu inn nark on the south etiuo of I'tnh down to noughts with ; its copper mines and west to Yuma, : where the movies find their imi-; tut ion of the Sithara desert, and 1 LOAN Invest 6 THIS IS Till-' ()I!SK1?VAXCK of National Thrift Week has become a wide-spread movement . . . Thrift Week is a national in slitnlion and the .dmple rules for thrift and success, of out most distinguished exponent of national and individual thril'l, lieiijamin Franklin, are coming more and more into popular practice. The CaliforniaOregonPowerjCpmpany grapefruit reaches its highest per- rectum, equalled only in one other , part of America. i This column begun in Tnscon, is finished on the way to Noi'.ales i wheru Mexico and the Unit d States look at each other acrci'j- : the city's main thorotiahfare. ' It is dry on one side, wet u;. the other. That is. dry on the Mexican side. Mexicans being tern ! penile, wet on the I'nited Sf.it es 1 side where prohibition does not ! quite piMliihU. ; Someihing about N'ogales lomor i row. If .jf, ifcljft 100 YEARS OF THRIFT WEEK JANUARY 17 TO 23 the Future With Safety Where Be Assured of COMPOUNDED O SEMI-ANNUALLY In This Association Coupons, which will enable you 1o have a fine set of Roger's silverware, are niven in conjunction with cur installment stock SOUTHERN BUILDING & LOAN ASSOCIATION Phone 1224 Hamilton Patton, Mgr. 125 W. Main A MEMBER OF THE Guardian Building & Loan Group Assets in Excess of $6,000,000 3E In Over G000 Homes in Copcoland May Be Found Thrifty Investors in Copco Preferred! SHANGHAI. (Ai Civil war. h:h tiixes and lack of coirdln ition have thrown the government nwn d railroad nf China into debt more than $"tni,0lil',fti)o, says a re port fr..m the ministry of roil ways. With each $1.00 cash pur chase a 60c ticket to the Holly Theatre FREE Alexander's Grocery You Can iv. 1-3 ;