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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Sept. 1, 1932)
FEDERAL RELIEF Meteorological Report September 1, 1932. Forecasts. Medford and vicinity:. Tonight rod Friday fair. Not much change In temperature. Oregon: Pair tonight and Friday. Warmer northwest portion Friday. PLAN LIFTS LOAD NO QUARTER "Nature in the Raw" inspired by the savage ferocity of a death battle between a vicious tiger and the bloodthirsty Black Panther the terror of the Java jungles. IDLDBUIIDGES Local Data. Lowest temperature this morning, 48 degreee. Governor May Apply for Noticeable Easing of Situa tion As Board Gets Busy On Establishment of New District Banking System Temperature a year ago today Highest, 89: lowest, 51. Total Sum Needed instate Or May 0. K. Needs of Total precipitation since Septem ber 1, 1932, .00 Inches. Individual Subdivisions Tomorrow: Sunrise, 5:97 a.m. Sun- set, 6:43 p.m. SALEM, Bvpt. 1. -yp Application! for loans under the federal emerg ency relief and construction act may be submitted under either one of two courses of procedure, Governor Juliu I. Meier today adviaed Paul V. Maris of Corvallis, secretary of the state wide relief council, in a. letter. The Information, he said, waa of vital im portance to all county Judges con templating federal relief loans. Under one procedure, the gover nor's letter stated, the governor may make application for the total sum required by the entire state, and dis tribute the amount received to local subdivisions on the basis of relative need. Lo ana obtained In this man ner are repaid either by deductions from future federal appropriations for highways or by other special ar rangement enetered Into by the state and the Reconstruction Finance cor poration. May Okeh Requests. Under the other plan, the letter tatod, the governor may approve the applications and certify to the needs of the respective political subdivi sions' of the state and those subdi visions may thereafter negotiate their loans direct from the corporation. In this event, no deductions are made from the future federal allotments for nlghvays. The governor favored this procedure. The governor said he was advising the committee following careful study of the recommendation of the execu tive committee of the state relief council as to the method of proced ure in securing loans. The only ap plication, that from Klamath county, has been transmitted already by the governor. In commenting further upon the situation, the governor In his letter said: For Direct Action 1 am 5n accord with the reeom mendat'ton which your committee has made following a state-wide survey of conditions in Oregon, namely, that the counties In need of loans for direct relief and work relief shall ne gotiate their loans directly with the Reconstruction Finance corporation. The reasons for adopting this policy are as follows: "The governor if required to cer tify that the money now available or which can be made available by the state, its political subdivisions and private contributions are Inade quate to meet relief needs. This cer tificate can more readily be made and substantiated by the counties ' requiring loans than by the state of Oregon. Approval of applications submitted by the counties should, therefore, bo more certain and Im mediate. Would Stimulate Borrowing . . "Should the state become the bor rower and obligate itself to repay -the loans by authorizing deductions from future highway allotments . or by special arrangement, It would be Observation. Taken at 6 a. m., 120 Meridian Time. City If 13 IT f s 6 ? Baker City Boise Chicago Denver Dee Molne Eureka Fresno . Helena . . Los Angela! Marsh field Dew York Phoenix Portland Reno Roseburg .. Salt Lake .... San Francisco . Seattle Spokane . 86 38 . 74 60 . 94 68 .10 . 70 48 .68 58 .18 . 64 53 . 94 64 . 60 42 . 76 58 . 72 62 . 82 72 T . 98 68 , 74 60 . 84 48 , 82 56 . 68 60 . 86 63 . 64 64 .01 . 70 68 Clear Clear P. Cdy. Clear Cloudy Foggy Clear Cloudy Clear Clear Cloudy Clear Cloudy Clear Cloudy Cloudy ' Clear Bain Cloudy necesaary for the state to require re Davment, In turn, from the counties receiving portions of the state loan. Failure on the part of the state to require repayment by the borrowing counties would operate aa a penalty on all non-borrowing counties and would atlmulate maximum borrow ing by all counties as a means of self-protection. "According to th terms of the bill and to advices received from repre sentatives of the Reconstruction Fi nance corporation, the fact that a county Is undergoing a period of se vere financial stringency which has exhausted Its resources and strained Its credit will not Impair that coun ty's opportunity to secure a loan. In fact, such a showing must be made before the funds are available. 'In transmitting the application of Klamath county to the Recon struction Finance corporation, I have asked for prompt advloe as to whether this policy would In any way Impair the chances of the state of Oregon to obtain full considera tion of Its needs, or would cause delay in securing action upon our requests. If for any reason the oourae which has been outlined by your committee and approved by this of fice later appears Inexpedient, any necessary adjustments can be made, . When needing duplicating sales books, flat-packs or fan-fold cash register forms, ledger sheets for bookkeeping machines or any other kind of printing, don't order from out-of-town firms and pay more. Phone 75 and one of our representatives will call. Be correctly corseted by BTHELWYN B. HOFFMANN'S Sixth tt Holly streets WASHINGTON, Sept. 1. (P) Franklin W. Port, chairman of the home loan board, said today there had been a noticeable easing of the mortgage situation in the face of developing plans by the board to put the system's 13 banks In operation. On the west coast one of these will be In Portland, and the other in Los Angeles, with capitalisation of 6, 000,000 for the Oregon Institution, and 10,000,000 for the southern bank. Directors Eyed. The board was working out ar rangements today for opening the capital stock subscription books in the various districts and was con sidering appointees for the 13 banks' directorates. Fort said the hope that the set ting up of the system would revive demand for mortgages as investments already was materializing. "Already there has been a relaxa tion of tension of mortgage money," Fort said, adding, however, that there were "thousands "of cases" of mort gagors In difficulty." Open Sales Campaign. A 9128,000,000 sales campaign, on whose success will depend the amount of federal subscription to the new banks, was begun today by the sys tem's directing board.. Fort was hopeful the entire fund the aggregate capital assigned to the 13 banks In as many districts will be subscribed by institutions eligible for membership In the sys tem. These are building and loan associations, Insurance companies and savings banks. Can Buy Stock. But if subscriptions fall short, the reconstruction corporation is author ised to buy up to 9130,000,000 of the system's capital stock. The first step in the aale of stock will be the opening of books for sub scriptions to eligible Institutions In each district. They must remain open SO days. Original subscriptions for each of the dozen banks must equal one per cent of the aggregate unpaid principal of the subscriber's home mortgage loans, but not less than l.fiOQ to each eligible member. Shares will have a par value of 9100 each. . Italy Launches Latest Cruiser OBNOA, Italy, Sept. 1. (p Italy's latest heavy cruiser, the Bol zano, waa launched here today In the presence of royalty, government oinclau and thousands of spectators. and raw tobaccos have no place in cigarettes They are not present in Luckies ...the mildest cigarette you ever smoked WE buy the finest, the very finest tobaccos in all the world but ihat does not explain why folks everywhere regard Lucky Strike as , the mildest cigarette. The fact is, we never overlook the truth that "Nature in the Raw is Seldom Mild" so these fine tobaccos, after proper aging and mellowing, are then given the benefit of that Lucky Strike purifying process, described by the words "It's toasted". That's why folks in every city, town and hamlet say that Luckies are such mild cigarettes. "It's toasted" That package of mild Luckies "If a man write a bttter book, preach a better sermon, or make a better mouse-trap than his neighbor, tho he build his house in the woods, the world will make a beaten path to his door. "RALPH WALDO EMERSON. Does not this explain the world-wide acceptance and approval of Lucky Strike? YOUR BOYS AND GIRLS NEED QUALITY MEATS IN ORDER TO DO BETTER WORK AT SCHOOL SPECIALS Friday Saturday Weiners Bologna Liver Sausage lb. 15c PORK Spare Ribs, lb 10 Back Bones, 3 lbs lg Tenderloin, lb 30$ Shoulder Roast, lb 12 PURE LARD ' 3 lbs 27t Lunch Meats R. I. Red Hens R. I. Red Fryers Fresh Oysters now in Bulk LAMB Shoulder Roast, lb. 12 Breast of Lamb 7 VEAL Shoulder Roast 12 Breast of Veal 8$ Smoked Meats Pionlcs, lb. 12$ Bacon Squares, lb lit Side Baoon, lb n$ Bacon Backs, lb 17 HAMS Mild Cured lb. 18c ECONOMY Meat and Fish Market 200 E. Main FREE DELIVERY Phone 46 , mji jwsjs, ' 1 ' "jr The Final Proof of a GOOD Tire Is Built Right Into Air flight-Principle Tires Fisks for Your Labor- $T)49 Day Outing as Low as qJ (440-21) When Purchased in Pairs TRADE IN Your SMOOTH Tires -Make Our Low Prices Even Lower E Q 127 North Riverside. SAM JENNINGS, Prop. 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