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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Nov. 28, 1932)
PGE EIGHT MEDFORD MAIL TRIBUNE, MEDFORD. OREGON, MONDAY, NOVEMBER 28- 1932. E SUMS uy DEBT REVISIONS Five Steps in fast Eight Months Take Government From Financial Bogs- Tax Income Is Reduced (By Oscar folding.) LONDON. (Pi Oreat Britain, In flva big steps atretchlng over tight months, baa eacapa jrom some u nanelal boga. At th sams time, It 1 regarded m financial clrelea, ah haa etttb. llabed a leadership In easing the poaltlon ot the debtor that may haye world-wide effect. The five big atepa Involved the con veralon of approximately 18,780.000, 000 of Internal debt more than one third of the nation's total domeatlc debt Into eecurltlee carrying lower ratea of Intereat. Cuta Treaaary Load Their effect, ao far aa the treaaury la concerned, baa been estimated by Neville Chamberlain, chancellor of the exchequer, to mean a groaa aavlng In a full year of 1133,000,000. The lateat of theae atepa waa ac complished early In November when the treaaury announced an laaue of 050.000,000 of three per cent con version loan payable at par on March 1, 1993 or, on three montha notice, any time after March 1, 1948. Prevloualy, on October 11, 8525, 000.000 In two per cent treaaury bonds were Issued at par and theae two together will provide funda to deal with maturities December 1 and February 1. The result la that the treaaury haa made a clean alate for more than a year of all maturities. Theae maturing bonda, moreover, have . been drawing .S and s per cent intereat. The conversion campaign started In the middle of March when boldera of 8408,400.000 of 414 per cent treaa ury bonda maturing In the next month were Invited to exchange their holding Into either 4V4 per cent con version loan or per cent consolida tion loan. Negative Votes Bring Cash A second step was taken at the end ef April by the tender of 8 per cent treasury bonds, of whloh, 8388,000, 000 were sold. The third operation was the great war loan conversion, a 8 per oent loan for 87,207,800,000 for which con version waa offered in the i'oim of a 8V4 per oent loan. There was non assent to the amount of 8877,800,000, the holders of whloh will receive their cash December 1. Besides the benefits to ' the ex chequer, the effect of the conversion operations as seen In financial alr- les has been to enable other coun. tries, particularly the dominions, to convert relatively dear loans Into cheaper ones. A gain In the aame way for municipalities Is claimed where as, to Industry, old capital haa been, or may be, renewed on better terms and fresh capital may be raised more cheaply. The effect, It la aeen, Is to bring downward adjustments which will have a general lightening effect on the burden of the debtor. Hare Boomerang Effect British analysts ot the conversion operatlona, while conceding them to be a triumph for British finance, point out that they may entail more economies aa they lead to a reduc tion in tax receipts. The actual savings to the excheq uer have not been estimated. It is understood that the 8133,000,000 groaa saving will not be a net aavlng. since the stats will no longer receive Income tax and surtax from that sum. Conductor In Politics ,W : I a -v. it, i: Thomas J. O'Malley of Milwau kee, , 85.yoar.old passenger train conductor, became the new lieutenant-governor of Wleconsln In the democratic landallde. (Associated Preaa Photo) Donald LeRoy T oakum, Infant son of Mr. and Mra. Oalvln T, Yoakum, who reside on the Jacksonville high way, passed away at the family resi dence Saturday evening, at the age of 8 montha and 12 daya. Funeral aervlcea were held at the graveside In the Medford cemetery Monday afternoon at 4 o'clock, Rev. W. H. Howell officiating. Perl Fun eral Home bad charge. C. of C. Committee Discusses Taxes The tax committee of the chamber of commerce la meeting this after noon to make a survey of the Jackson county budget, aa prepared for the coming year. After going over the budget with the budget committee the chamber committee will meet again tomorrow and present Its recommendations. r Kidneys trouble you? Heed Promptly Kidney and Bladder Irregularities Are you bothered with blad der irregularities, getting up at night and nagging backache? Heed promptly these symp toms. They may warn of some disordered kidney or bladder condition. Users everywhere rely on Doom 1 Pills. Praised for years the country over. Sold ' all druggists. JDoaiVs 'Pills Spinning Wheel of Old Days Exhibited In Adrienne's Shop Its worm eaten hickory apokea rat tled and wondered at the audden ac tivity after yeara and yeara of rest aa a car called at the home of Mra. M. D. Webb In thla city Saturday afternoon to transport an antique spinning wheel to Adrlonne's store for the Chrlatmaa opening program. Surrounded by alluring bits of lingerie, elegant rocks and other feminine apparel at Adrlenne'a the spinning wheel with Its owner, Mrs. Webb, deftly plying the yarn attract ed more attention than the manne quins and their fine clothes. Between two and three hundred yeara ago this spinning wheel waa Drought west from Warm Sprlnga, Virginia to Fort Sheridan, Ore., and In addition to the Webb family It has been owned by hte famous Wylle jamiiy in Virginia and a number of others. Adding Interest to this unique demonstration was the handsome red, white and blue band woven coverlet, used as a background for Mrs. Webb who wore a charming old costume loaned by Mra. Lorena Stratton. Since 1885 this coverlet haa been In Mr. Steward's home, having been made by his great great grandmother In Indiana. Fredenburg Wins $50 Check With Hunting Prowess B. T. Fredenburg, of Butte Falla. Ore., received a check for 880 today from the Petera Ammunition company as first award for the largeat block tall deer to be killed this yoar In Ore gon or Washington. Fredenburg'e buck weighed 101 pounde. In addition to the cash prize. Hub bard Brothers. Inc., who sponsored the contest locslly, presented tho winner a large box of candy. !J LOCALLY LAST NIGHT From 8 p. m. yesterday until ft 5 this morning .01 ot an Inch ot rain fell In Medford, according to a re port of the United Statee weather bureau at the airport. Only one hundreth of an Inch fell between 8 a. m. and ft p. m. on Sunday, the report today allowed. Broken windowa glased by Trow bridge Cabinet Works. E TO DEATH WHILE SLEEPWALKING (Continued now Page One) officers later that he had heard xnwam about the time ehe fell. Her body waa found a ahort time later by a pedestrian on the street outelde. The window of the room waa raleed high, officers said. The couple bad reserved passage to Vancouver on a boat sailing this morning, Bates said, planning to spend several days of their honey' moon there. "We had been sweethearts alnce we were Just kids," officers quoted him as saying. When he was wakened, officers said be was asked: "I don't know ehe was right here,' be said. "What's wrong?' On being told, he broke Into sobs, they said, but within a few minutes accompanied officers to the coroner's office to make Identification of the body positive. PORTLAND, Ore., Nov. 38-(AP) Mrs. J. P. Bates, who feu to her death In Seattle last night, was the daugh ter of Phil Orossmayer, president of the Phil Orossmayer Co., agents for many national Insurance companies. The dead girl, before her marriage, which took place Saturday at an Im pressive ceremony, was Phyllis B. Orossmayer and was listed In the city directory as a clerk In the Orossmayer company. Following the eeremony, the couple left Portland for wedding trip that was to take them to British Columbia. Paul C. Bates, father of the bride groom, after conferring with the bride's parents, announced that the dead woman had been a sleep walker since childhood. Be stated that It had always been his son's habit to have the bedroom windows open wide. The son Is an exceptionally sound sleeper, he said. UN'S GYM CLASS Over thirty women have already enrolled In the physical education class at the senior high school, which is conducted each Tuesday evening at 7:30 o'clock, according to Miss Carln Degermark, Instructor, and any women In the city who are Interested In the work, are requested to attend the gathering In the girls' gymnasium tomorrow even nig. General conditioning exercises, rhythm, dances and games are taken up In the class, as well as reducing and corrective exercises for posture and health. No particular type of gym suit Is necessary, Miss Degeamark stated. OF Sella May Walker, Infant daugh ter of Mr. and Mrs. Harry S. Walker, passed away at the Jacksonville san itarium at an early hour Monday at the age ot IS days. Funeral services will be conducted from the Perl Funeral Home Tuea day afternoon at 2 o'clock.. Rev. C. H. Fredenburg officiating. Interment will take place In the Medford cemetery. Tired.. Nervous Vwi Wife Wins Back Pepl tf J I 11 were toothed. SiL She banithed that "dead tired feel Ina. Won new vouth- ful color1 rrt fill nights, active dayi all be cause the rid her ayatem of bowel rloeging ffaatea that were Mppinu ner vitality, nif i arv lets (Nnture's Remedy) the mild. aafe. all vegetable. Utative worked the tranatorrnat ion. Try it for constipation. biUoutaets. head ariietviiitsvaner. colds. See how rtv irenea you irei. -wk 25 cents. fj-i lb AC" tick relief fwatidindisTt TUMb tton. heartburn. Only HERE IS A QUAINT, RUSTIC Weather Prophet THAT OPERATES ON SCIENTIFIC PRINCIPLES OUT YOURS NOW Cut Out Thla Coupon Qrt a WKATIIFR MOPIIKT lor 69 c in. fl.00 talus Mall orrtera 10s extra. Ideal Xmas Gift Guaranteed- Made In America A quaint 8wlM-cottage hydrometer. When the weather la fine the two children will be out; when stormy weather la approaching the witch will come out from 8 to 34 hours ahead of rain or snow. It Is surprisingly reliable on local weather conditions. Made on strictly scientific principles. We have secured a special price on a quantity and, aa long aa they last, will sell them for exactly what It coats us to retail them SCHEDULE HERE A district conference of Klwants clubs will be held In this city next Monday, December 6, at the Elks' temple, It waa announced at the noon luncheon of the local club at the Hotel Medford today. Officers and directors of all clubs in the southern division for the year 1033 will be In attendance, and John Houston, lieutenant -governor, elect, and Walter S. Chlene, lieutenant-governor of Division 9, will also attend. Cities represented will be Bend. Klamath Palls, Roseburg, Ashland end the Coos bsy district. Luncheon will be served at the Hotel Medford snd the business sessions will be held at the Elks' temple. At the luncheon today there were two guest speakers, W. B. Baylor, vice-president of Miss Baylor's Choco late, Inc., of Alameda, Cel., and Charles M. Duncan, field representa tive of Willamette university. The two were called upon by Ted OeBauer, acting president, and brought the club Interesting Information regard ing the depression and Its effect upon the farming population of the mtd dlewest and the universities and col leges of the country. "As long aa the grower faces the conditions he Is forced to face to day," Mr. Baylor atated, "God pity the merchant and all professional men. My heart la In sympathy with the man on the farm and I feel that our prosperity Is dependent upon him." In the east, Mr. Baylor explained the colleges and universities have come to appreciate the grower's situa tion and are accepting corn, pota toes and cows In payment of tuition costa In order to keep students in the Institutions of learning. Mr. Duncan, peaking on the same subject, stated that Willamette uni versity is filled, but that there has never before been ao many students without money." Tere Is a real hon est to goodness struggle going cn there this year," ho added. "Many of you do not know what this depression means to the boys and girls of the nation. The need for men to help and en courage the boya of the country, especially boya without mothers, waa stressed by the speaker. Demands for trousers at the welfare exchange were voiced by J. O. Mann, who asked all members of the club, who have discarded trousers, to take them to the exchange, or to call one of the members, who will be glad to gather up the trousers. The needs for men's clothes now excel all others, he reported for the Exchange. 0. T. Tengwald urged all Klwanlana to attend the concert of the Medford Gleemen scheduled for December fi at the high school auditorium, prom ising the members a real treat. Mrs. Q. Q. D'Albtnl appeared before the club to ask the members' patron age of the marionette shows to be sponsored by the Parent-Teacher as soclatlon here to raise funds to pro vide school children with hot lunches. She also asked that the club buy tickets to enable the children, who will not otherwise be able to attend, to see the marionette shows. Max Pierce entertained the club by reading a copy of "Prohibition In the Home." and Victor Tengwald, who acted as pianist today, was greeted with a shower of rice In honor of his recent marriage, when he broke Into strains of "Let Me Call You Sweet heart." Mr. Baylor treated all members of the club and guests to Miss Baylor's chocolates before the meeting adjourned. D. A. R. Pageant Date Changed Tha data of the pageant, "Pages Prom tha Diary of Oeorga Washing ton," has been changed, Mn. J. o. Orey, regent of Crater Lake chapter, Daughters of tha American Revolu tion, announced this afternoon. The pageant, prevloualy scheduled for Thursday, December 1, will be pre sented Friday, December 2. Oregon weather. Continued unsettled weather and mild with rain In west portion to night and Tuesday, and in east por tion tonight or Tuesday; fresh and strong southeast wlnda offshore. Leaking luofa repared. For roof work of any kind call 829. End Serious Coughs With Creomulsion Don't let them get a strangle hold. Fight germs quickly. Creomulsion com bine tha 7 beat helps known to modem science. Powerful but harmless. Pleasant to take. No narcotics. Your druggist will refund your money if any cough or cold no matter how long standing is not re lieved by Creomulsion. (adv.) The Painting on the New Home of the Economy Lumber Co. wag done bj Grinsted and Runtz Painters Decorators All Kinds of Painting, Papering and Kalsomining We Have the Largest Faint Spray Equipment in Southern Oregon Let Us Save Your Surface Offioe 101 Cottage Phone 1668 '41 through California! No coach fare on any rail line is lower. Yet on Southern Pacific you can go East through California. Travel in sunshine. See fascinating San Francisco, gay Los Angeles. Ten days to make the trip. You ride in steam-heated, all-steel coaches or reclining chair cars that provide cushioned, roomy comfort. 100 lbs. free baggage allowance. Examples of other coach fares East through California! NEW YORK .... $70.70 DETROIT 49.81 ST. LOUIS 40.00 Via New Orleans If you wish. First Class meals and berth on Southern Pacific steamer from New Orleans to New York included in this fare. Southern Pacific 3, C. Carle, Ant. Phora 34 At Gw7 and Taylor tha San Fran clscoflsitor flndsSanFranclaco'sflneat note). Hvr, those who appreclat eoTironment or pan oyi a i- awm. icsts NrlBVlll 111 M 111 lair .jefsT HEATH'S DRUG STORE to be found Ira voters retu able atmosphere Cllft. physical nel yet 01a witn its located In tha ver Itan San Frandsol here tho Cllft guev tha better shopi. shops, tha mora Irrl at hand not moiri from Its doors. Outstanding In It toereryirueat'ar management takrl tha beautiful put the structure. T perhaps Ssd Pram tlve hotel restaii teen floors above decorated and rlrri nlficient room wh a la carta sen tha diner a far Cisco's multltn ship-strewn Bay. the terrain llf?Wi mWTiods of Oakland and Berkeley surfing up to though the Cllft Is the hills on the opposite shore mtlra San Francisco, although it is rated aa aay. The view from here Is truly supreme In service and value-giving, marvelous, a sedative lo tired nerves, yet the rates there are surprisingly t dtlfrM-fetht Jwljcgl ti a E'ck: l,Iow. .Tpa rates Hart at P sjngleand In San Francisco .et Geary and Taylor, Is this Ana hotel. Hera a warm, per sonal sarvict Is assured each juast Every room oubkJe.., each with privtta bath. Thress famous dining rooms. Garajt m connection. wYk Rates... from $3.00 tH sWe, $5.00 double, ,HE C L I F T IT III - IBIV 0ax iaw - lis m me-up to the Jaded appetite. On tha main floor are two other equally fain- restaurants, tne Florentine Koom rightfully airy e main lobby. me out guest 1 room, each Numerous auitea v desired slae and II room furnish, light fixtures are esigns, especially I. Many of the if notice of the fo luxuriously are rnisneo. best reasons for f rendered Clifl t that both Mr. owner and Mr, trer, both reside This, of course. h of the manage, of the guests Is Iv that no guest to object to the troosphere of service that 1 present day hospitality. Al- major hotel of Announcement The Newly Formed Medford Neon Sign Co. (Home Owned and Operated) Is Open for Business AH Kinds of Neon Signs Designed, Manufactured and Painted in Medford H. S. Cleveland, Owner C. E. Smith, Sole Rep. Office and plant located in the Basement of the Childers Childers Building 421 East Main Phone 281 New Location SALE of LUMBER FREE! To First 20 Women Each Morning and Afternoon of the Sale, a useful gift will be given 120 FREE GIFTS IN ALL! FOR 3 Days Only Tuesday, Wednesday and Thursday 50,000 Board Feet of Low Priced Lumber at Unheard of Prices ALSO A FULL LINE OF Certainteed Products Including Roofing Material, Building Paper, Paints, Varnishes and Floor Wax We now have a complete stock of Lime, Cement, Windows, Doors, Lath, Shingles Nails and Builders Hardware ' ' Listen In On KMED Every Thursday evening at 7 a Economy Lumber Co. No. Pacific Highway at Berrydale - Phone 594 "Steve" Stephenson and "Cap" Overmyer 'Low Priced Lumber" t
