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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Dec. 30, 1932)
MEDFOTID MAIL TRIBUNE, MEDFORD, OREGON, FRIDAY, DECEMBER 30, 1932. PAGE TEN BANKING SYSTEM FAULTS EXPOSED nv rpfiMi Idea That Recovery of Agri culture Must Pace Gene ral Upturn Declared False Four-Ply Plan Is Drawn PALO ALTO. Cel., Dec. 30. (AP) Alleged fallacies and shortcomings of t,he American agricultural and bank-; lng system were singled out and pa- raded before the Pacific Coast eco-1 nomlc conference hero today by scl-; enlists who dealt roughly with some long entrenched ideas in both fields. Dr. Joseph 3. Davis of Stanford university, organizer of the economic division of the federal farm board, asserted that the Idea that agricul tural recovery must percede general recovery was a fallacy. Drastic revision of the current practices of banking was suggested by Prof. O. K. Burrell of the Uni versity of Oregon in an address that drew frequent applause from the as sembled economists of far western universities. Would Kediice Unemployment Burrell proposed the elimination of long term credits by banks and the limitation of capital expansion to savings and suggested tthat current j production of consumers' goods should be geared to consumptive re quirements. These factors, he sug gested, might In the long run sub stantially reduce or eliminate un employment and "accomplish in ei- j fective and automatic fashion the major objective of so-called national planning. 1 A four-fold plan for reorganization of the country's banking system was proposed by Burrell as follows; 1. All banking be brought under the regulation and authority ot the federal government. 2. There should be complete sepa aration of commercial and savings banks. 3. Branch banking should be per mitted without qualification and without restriction. 4. The present federal reserve ma chinery should be maintained to serve the commercial banks. As soon as possible the long term credit ele ment should be eliminated and the federal reserve system restored to Its original purpose that of assisting banks to function effectively as a medium by which goods and services are exchanged for goods and serv ices. Boom Prevention Plan Prof. P. W. Clover of Washington State college suggested "boom pre vention" measures such as the issu ing of weekly "gloom statements" and federal control of credit. He also discussed a suggestion for unemploy ment relief by the formation of a "peace time" army in which the Job less would enlist, receive a measure of military training and get small pay from the government. "The return of normal business and normal employment conditions," said Professor Clower, wlll come Wihen social action or the pressure of economlo necessity forces a proper balance between prices and costs which are stubbornly and artificially maintained and those which have been reduced." Asserting the farm problem was "bedeviled by delusions," Dr. Davis attacked the belief that agriculture Is fundamental. "Pood," he said, "is essential, but not all food, and food as a whole is less Important than of old." Dr. Davis also pounced upon the Idea that farm prices have suffered more than others. He said the Idea of great disparity was based on a comparison of present quotations with pre-war Indexes. HEW YEAR BALL AT LPT. Central Point Grange will hold a New Year's dance Saturday evening, December 31, with music by the Jones -Leaverton orchestra. There will be the usual merry-making that goes with celebrating of the New Year. The beautiful quilt made by the ladles of the Home Economics club will be on display. There will be n general door admis sion and refreshments for any desir ing them. This will be the best dance of the year. All those wishing to have an enjoyable evening and welcome the New Yenr, are invited to attend. IN CITY HALL ROOM Through the courtesy of the city administration a room on the ground floor of the city hall, Fifth and Central, has been secured for the school of Americanism which will open January 8 at 1:30 p. m., this change being necessary due to the library staff needing the small room for Its use. A cordial invitation Is extended to all foreigners to avail themselves of this opportunity to learn of our gov ernment. All material is furnished free and thcro is no charge for in- s truction. KMED Broadcast Schedule Saturday. 8:00 Breakfast Bradcast of News, Mall Tribune. 8:05 Musical Clock. 8:15 A peerless Parade. 8:30 Shopping Guide. 9:00 Friendship Circle. 9 :30 Today. 9 :45 Shoppers' Tour. 10:00 Weather Forecast. 10:00 Schubert's Love Songs. 10:30 Morning Melody. 11:00 Quartettes Parade. 11:15 Memories. 11:30 Song and Comedy. 12:00 Mid-day Review. 12:15 Popular Vocalists. 12:30 News Plashes, Mall Tribune. 12:30 Calendar Talk. 12:45 Martial Melody. 1:00 Dreaming the Waltz Away. 2 :00 Dance Matinee. 3:00 Songs for Everyday. 3:30 KMED Program Review. 3:35 Chandu Review for Past Week, 4:30 Across the Seas to Hawaii. 5:00 Silly Gilly Story. S:15 'Popular Parade. 5:45 News Digest by Mall Tribune. 6:00 Dinner Dance Music. 7:00 Eventide. 7:30 Your Favorite Dance Bands. QUIET CHARM AS PLACE FOR HOI Thia Is the story m the town of Rogue River that la. Cuddled up on the wrong bank of the river, the townslte glows in the spirit of community life, thrives from the fertility of its soil, mixes neigh borly acta with commercialism and lets the rest ot the world thunder by. And thunder by nearly all the rest of the world does, too for beyond the rolling rapids of the Rogue river the great Pacific highway goes thread ing Its way along the green skirted mountains, a natural outlet for those thousands of mile-mad tourists who come up each year from the sun baked regions farther to the south, They go by on the wrong side of the river, these seekers of life's pleas antries if they want what the resi dents of Rogue River carry In stock contentment. Much could be said of the little town that lies Just beyond the white bridge that sets like a giant mile post Just off the shoulders of the main highway, so far as the past Is concerned, out few successful citi zens or communities live In the past, no matter how glorifying. The mute challenge that comes from the golden glinted days of an ore-panning past cannot be passed without reminding a cushion-calloused public that the town of Rogue River did its part to paint the western skies with romance during those stirring days of not too long ago. The Rogue River of today is a community-town blessed with things more lasting than the trample of stampeding feet. The town has two things that go marching down through the trail of civilization as being the great factors In steadworth iness of any community. They are fertility of soil and natural beauty and resources. Stretching out toward its big sister, Grants Pass, that sec tion of the valley of Rogue liver that the town and community of Rogue River claims as Its own are acres and acres upon which the Oregon sun and the Oregon mists do not interchange for naught. Fruits- and vegetables with a flavor of their own grow in abundance, if the thousands of tour ists who go north and return south ward only knew, perhaps, well this story should not attempt to com merclallze the fortunes of such i community. From a scenic point of view, that blending of emotions that comes only with the things of nature, the community of Rogue River has all that the pavement-Jarred souls long for. The mighty tumbling river, where big fish leap and the little ones get hooked, lies at the end of the streets. Back in the tree-covered mountain sides the evasive deer awaits the com ing of night for a chance to slip down into the outskirts of the conv munlty to nibble at the gardens. There Is mtich that could be said about Rogue River and Its citizenry, D. L. Whitehurst in Grants Pass Courier. Spokane Crop Loan Agency Is Removed SPOKANE, Dec. 30 (AP) The SpO knne regional crop production loan agency was closed today and records will be shipped immediately to Min neapolis, where the office will be consolidated with the bureau In that city. The Minneapolis office will han dle the crop loan collections from Wisconsin east to the Pacific coast. Oldest Native Son Dies In Hillsboro HILLSBORO. Ore., Dec. 30. (AP) Francis M. Kolsey, 88, reputed to be Oregon's oldest native son. was burled here today. He was born on the site of Hlllsboro on January 16, 1845. and died here Tuesday. The site of the Washington county courthouse was donated by his father, Islah Kelsey, from the Kelsoy donntlon land claim. Fender and body repairing. Prices right. Brill Sheet Metal Works. Bronchial Troubles Need Creomulsion Bronchial troubles may Ied to some thing serious. You can stop them now with Creomulsion, an emulsified creosote that is pleasant to take. Creomulsion is a new medical discovery with two-fold ac tion; ii soothes and heals the inflamed membranes and inhibits perm growth. Of all known (fnins, creosote is recog nized hy high medical authorities as one of the greatest healing" agencies for per sistent coughs and colds and other forms of throat troubles, Creomulsion contains, in addition to creosote, other healing ele ments which soothe and heal the infected membranes and stop the irrital ion and in flammation, while the creosote poes on to the stomach, is ahsnrbed into the blood, attacks the seat of the trouble and checks the growth of'the germs. Creomulsion is guaranteed satisfactory in the treatment of persistent coughs and colds, bronchial asthma, bronchitis and other forms cf respiratory diseases, and is excellent for building up the nvntem after colds or flu. Mmey refunded if anv couphorcold.no mr tier of how lonpstand inp, is not relieved sftcr takingaccording todircclions. Askour druggist, (Adv.) y v ' ' " I Rayon Underwear January Clearance of women's and misses' fine rayon underwear consisting of shorts, steplns, and I combinations. A super special for Saturday at Mann's. Va.lufls to $1.25 ror for 49. iiiiiiriiJiimimiiimn IIIIIIIHIIIIIIIIIIIU illlMIIIIIIIMIIIIIIIIIIIIIMHIIUIIIIIIIIIIIIIIMIIIIIIMI Kiddies' Wool Sweaters January Clearance of kiddles' all wool sweaters. These come In both slip -on and coat styles, long and short Bleeves. Good color selection but broken sizes. Infants to 6 years. Values to $1.98 ror for 89. NO REFUNDS OR EXCHANGES The Ready to Wear Sale You've Been Waiting for Five minutes after this store opens Saturday morning, the second floor will become just one wonderful bargain opportunity after another. Now that we've inaugurated our January Clearance of ready to wear no matter what you want from a single little wash frock to a beautiful fur trimmed coat, now is the time to get it at very admirable savings. Of course you know that no matter how low our prices we maintain our high standard of quality. ""' i inn, lltlllllMIIMIUI Miiiiiitmiiiiiimii uiiiiiiiiiiMiiitmitir Clearance of Jewelry The January Clearance always offers many out standing bargains among the best are these beautiful pieces of costume Jewelry earrings, bracelets and necklaces in both sport and dress styles. YOUR CHOICE 69. immmiiiiiimiiiii iiiiiimiiiimiiiiiimmitiimmi January Coat Clearance $7. $io. iiiiiihiiii miiiii lllllllllllllltlllllllllllltlllllltllllllllltllllltllM January Clearance sale of 15 lovely fur trimmed winter coats for only (7.00. These are regular $10.96 values and come in rich black, brown, gray and mixtures. Coats for sports or dress wear, coats that are lined and inter lined and trimmed with good quality furs. Sizes 14 to 42. January Coat Clearance January Clearance sale of 55 beautiful all wool coats at $10.00 each. In this assortment arc coats trimmed with genuine furs and lined and Interlined with the very finest linings. These are regular $19.75 values and come In sizes 14 to 40. The best coat value In Southern Oregon. Hand Bag Clearance January Coat Clearance ranuary Clearance sale of women's fine quality : J January Clearance sale of Prlntzesa and Betty Rose coats for the sensational price of $15.00. Every one of these lovely garments are trimmed with real furs and lined with two season silk linings. Just 30 In this lot so come early. The regular values are up to $49.50. The sizes 14 to 42. The Great Dress Sale . Dresses at HALF PRICE and LESS January Clearance of 50 smart winter rtrefwes for onlv 82.95 each. In this lot are wools, chulla crepes and combinations In plain shades, prints, stripes and plaids. Long and short slcrv??. Values to $6.95 January Clearance sale of printed silk dresses, black satin and heavy crepes in street, afternoon and evening styles. One, two, and three piece models In sizes for both miss and matron. Many of these dresses have sold up to $27.50 each. 1 H A January Clearance sale of women's fine quality hand bags in genuine grained leather, dull calf, tweed, grain, morocco, pin grain and suede. Metal and marcasslte trimmings, silk linings. Values to $4.95 for $1.95 $ 1 K lllltllllltllMllltllltllllllHIIIIII CI earance of Gl oves January Clearance sale of our regular $3.95 and $4.95 dress gloves. Gloves of washable cape skin and Imported French kid. Plain 4-button gauntlet and chic novelty cuff styles, Regular $3.95 and $4.95 XQX $1.95 $295 ijiitiiiiiiiimiiMMiiMi MIIIIIIIIIIMMtl 1 Sale of Lisle Mesh Hose I 1 January Clearance of women's and misses' finest quality lisle mesh hose for only 39c pair. In this group are plain meshes, tan and pastel shades In full fashioned styles. A real hosiery bargain, Values to $1.95 for 39. I 36-in. Wulletta Crepes January Clearance sale of beautiful 36 -Inch wul- I letta crepe at 49c yard. This lovely material comes 5 In checks, stripes and diagonals and is a regular 79c value. Many desirable shades to select from. I i cSrL 49c yd. ! -ir W MIIM $7.95 January Clearance sale of 100 smart fall and winter dresses In silk and wool, street, afternoon and evening styles in the leading shades of the season. In this group are frocks in sizes 14 to 20 and 38 to 42; also dresscB in the wanted half sizes. Real $19.75 values. $13.50 IIMIIIM1III1MIIM1IIIMHM1IMIIIIMIIIMHIIUMIIIHI1IIHIM1UI 81x99inch Sheets 1 January Clearance sals of these fine quality I 81x99 Inch sonmless bed sheet for only 49c each. I A long life dressing free sheet at a baigaln price. I $. for 49c I j Pillow Cases to match, 25c pair ! 24x48-in. Rag Rugs I January Clearance sale of rag rugs. A splendid extra rug In checked or hit and miss patterns. 1 Ends are fringed and rues are strongly stitched I to prevent raveling. 24x48 inches In size. Values up f OA to 69c tor jy llltlHIllMIIIIIIIIHlllll JACKETS January Clearance sale of wom en's and misses' fur fabrto Jackets in t!ack, brown, and tan shades. These are regular $14.75 values. Special $500 January Clearance sale of this season's finest rough crepo dresses in Jacket and one-piece styles.. Dresses that show every new style touch and in every new winter shade. Half and regular sizes from 14 to 42, and 14 to 28!. TheBe aro $27.50 values. $18.00 Charges Made Tomorrow Go On Your January Statement I All Our Better I I COATS I Greatly Eeduced Children's DRESSES Half Price January Clearance sale of children's winter dresses. These are marked half price for thia sale and consist of silks and wool Jerseys. Good range of sizes. $5.95 Dresses $2.88 $4.95 Dresses $2.48 $3.50 Dresses $1.75 $1.95 Dresses 98c $1.75 Dresses 88c SECOND FLOOR Men's Overcoats January Clearance sale of men's and young men's all wool overcoats and top coats In rich tans, browns and grays. Sizes are 35, 30, 37, 38. 39 and 42. A real opportunity to buy a fine new cost $14.95 to (HQ Q, $24.50 Values & ? .7 J Men's Wool Blazers January Clearance sale of all wool blazers In both j light and heavy weight. These have the large shawl collar and clastic waist band. Many are guaranteed water proof. Sizes are from 36 to 42. Values to $4.95 January Clearance of Felt and Winter Fabric HATS and $2- Regular Values Up to $10. Each In till January Hat clearance are turbans, eye dips, wind blown and sailor models In felts, velvet, wool crepes and hatter's plush. Black, brown, blue and wine, (2nd floor.) SCARF SETS $1.00 SET for $1.95 Mail Orders Promptly Filled Medford's Own Store Home of Butterick Patterns Bl ouses ! January Clearance of iotiu wtoi and all-over embroS I 5,'0UM or only 50c 5 These are In broken size, , I slightly soiled, but cveryoul marvelous bargnln. $1.95 Value 50cea. ""Mm"""m t num J" UMiiiiiiii.iii.imii mi iimiiituw I Sweaters 5 January clearance sale of co. en's and misses' all wool shite, sweaters. These are In black navy, tan and red. sizes 34 to 40. Just a few left so hurrj, I $5.95 Value I $1.95 iiiiiiMiiMiiiiiiiiiiiiiimiiiiiim iiMiiiiiMiiiuiii iti mitmitiumi Skirts January Clearance sale of our regular 2.05 all wool sklrto. These come In several styles. 26 to 32 In waist, colors are navy, brown, wine and green. Your choice tomorrow $2,95 Values $1.95 I tilt MIMIIIIIIIII j House Frock January Clearance of women1! fine quality house frocks (or I only 50c each. These ar 0 fast color prints In both long I and short sleeve stylet. Ml ! sizes to select from. 69c Values r rv JJC ea. Ill tl 1 1 1 1 1 1 1 1 1 1 Ml 1 1 1 1 1 1 1 lit lltll I II imilllllllllMR Slippers January Clearance sals of wom en's and misses' bedroom slip' pers in leatherette and long wearing crepe. Three styles to choose from in all black with colored lining. : $1.25 Values 95 pr. mil iittmitti Tiiiiiiiiiiiiiiiiiiiiiiiniimmi Rain Coats I January Clearancs Mle ! I en' and misses' rain coats con- I slating of Jerseys, tweeds n ! silks. These corns In B5 I range of colors and slzM. I real January bargain. . I Values to $9.95 I $2.95 L, ,'.,..w'"1 , , , t "''""" Knit Dresses January Clearance ot women and misses' knit dresses to and two-piece styles f WW 1.95 each. Jersey chenUW and novelty weaves of M. brown, green, gray and wine. Sizes 14 to 20. Values to $4.95 $1,95 inriiiii , 5 I Knit Suits ! January Cleararowomert I knit suits. T1'!Mhl,.7 brunt green, wine. nM from S blue and brown. Slz ,re I li toM. Extra special ! $6.95 Values I .4;3.95 I '
