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