Medford mail tribune., January 31, 1933, Page 1, Image 1

Contest Interest Growing Third Tabulation Appears Tomorrow
The Weather
Forecast: Cloudy with occasional
rain tonight and Wednesday; moder
ate temperature.
Hlrbest yesterday Ji 39
Lowest this morning , 3t
Medford Mail Tribune
Paid-Up Circulation
People who pay tor their newspapers
are the nest prospects tor the adver
Users, a. B O. circulation la paid
up circulation, rhls newspaper Is
a. B. a
Twenty-Seventh Sear
MEDFOKD, OREGON, TUESDAY, JANUARY 31, 1933.
No. 266.
Comment
the
on
'Day's -News
By FRANK JENKINS
H
ERE Is a figure that may surprise
vou:
The life Insurance companies of the
TJntVd States paid out last year to
beneficiaries 8.306,709 EVERY
WORKING DAY.
The total thus paid out. on earn
ed and paid for policies, amounted to
3,800,000,000 for the tntlre year.
rpwo billion six 'hundred million
dollars Is a lot of. money. Com
mon, ordinary, people, such as we are,
can't even IMAGINE such a sum. So
let's try to reduce It to something
a we can visualize.
Two billion six hundred million
dollars would amount to approxima
tely 4.31S tons of gold.-' But even
that doesnt mean much to us. So
let's go a little farther.
If you laid 2600 million dollar bills
end to end, they would stretch over
350,000 miles or ten times around
the earth. These 2600 million dollar
bills, laid end to end would reach the
moon.
OR, If you stacked S gold pieces
one on top of another, 2600 mll
x lion of them would be 2300 times as
high as the Empire State building In
New York. The gold In such a pile
would amount, to about half of all
the gold m America.
And all of this wss paid out on life
Insurance policies In only one year
1932 in the United States alone.
That gives you some Idea of what
life Insurance means to the people of
this country. , ,
LET'S try to get this situation down
even closer to our understanding.
A competent life Insurance agent,
who has been doing a little figuring.
y estimates that in one city of Oregon
one of the four secondary cities of
the state about M50.000 was paid
out last year to the beneficiaries of
life and matured endowment poli
cies. That was money coming into the
community ust exactly the same as
- money coming In for lumber or crops.
It entered Into the channels of trade
and added Just that much to the
amount of cash In circulation.
It certainly helped a lot In a year
of severe depression, didn't It?
LIFE Insurance 'Isn't a dole. It Isn't
a charity. It Is something that Is
bought and paid for.
Normally, it Is bought and paid for
In people's years of greatest earning
power. In the case of endowment in
surance. It is enjoyed In the years
. . AFTER greatest earning power has
passed.
Life Insurance is doing a lot to re
duce poverty In this country.
IP you are Interested In figures, here
are some more thst will probably
surprise you.
Statistics collected by the tJ. 8. de
partment of commerce show that for
each 17.9 pounds of butler consumed
by the people of this country 14
pounds of coffee are consumed.
Who would have supposed that our
use of coffee Is almost as great as
our use of butter?
Statistics often surprise us, even if
they do nothing else. Thst Is, if we
READ them. A lot of people don't.
A NO here are" some more figures:
" In 1929, about 25 per cent of the
nation's Income was spent for food,
but in 1932, as nearly as can be got
1 at this early In 1933. approximately
30 per cent of the nation's Income
was spent for food.
- That doesn't mean, of course, thst
people spent more for food in 1933
than In 1929. but it DOES mean thst
their expenditures for food declined
less than their expenditures for oth
er things.
A NO It may Interest you to know
" that nearly ONE-HALF of all the
employed workers in this country are
engaged In the production, distribu
tion and serving of foods.
People say from time to time. In a
joking way: "If we could Just quit
eating, we could get ahead In the
world."
If all of us quit eating, about half
of us would Immedlstely LOSE OUR
JOBS.
o
NE other figures before we quit:
Government statistic tell us
Continued on Pgft 8),
F
House Counts 55 New Bills
Offered While Senate
Boasts Record of 23 On
22nd Day of the Session
SALEM, Jan. 31. (AP) Introduc
tion of new bills, not only In the
house but In the senate as well con
tinued to mount beyond anticipation
with scores more yet to come In be
fore the 22nd day of the legislature
adjourns, while those coming out of
committees were slow to the extent
that Speaker Earl Snell called a noon
session of all committee chairmen for
a conference. ,
The house saw 66 new measures,
among which were some declared of
major Importance, such as the Pari
Mutual bill, new Income tax provis
ion, the pilotage measure and the
flshwheel bill. The senate had 23
new bills which likewise sets a new
record for the upper house.
Would Cut Sessions
The speaker's conference was de
clared for the purpose of considering
a resolution calling for morning ses
sions of the house onlyi while com
mittees were to meet In the after
noons and evenings to come to some
agreement on bills In order to get
them out onto the floor for final
action. Both houses are ahead of
last session In Introduction, but far
behind In actual accomplishment, It
was announced.
Editor Attacked
The house today saw Its first fiery
flow of oratory during which quota
tions were made from Caesar on up
thru Christopher Columbus, State
Senator George W. Joseph, U. J3. Sen
ator Moses and Frazler and to State
Senator Joe E. Dunne and the editor
of tho Oregon Voter. The latter was
severely criticized by Representative
Prank H. Hilton for an article in a
current Issue of the Voter.
The Issue was the ratification of
the amendment to the federal con
stitution of a child labor prohibition
law. which passed the senate previ
ously and which memorial today
passed the house by a 38 to 22 vote.
But final action was not made until
many members had been on the floor
to voice their views. C. C. Chapman,
editor of the Voter had criticized the
isenate action of last week which
gave rise to Hilton's personal attack.
E
LOCAL S. P. DEPOT
AT POINT OF
Twenty-five dollars 'in silver was
taken from the Southern Pacific de
pot here in a daring, single handf-d
robbery at 8:20 o'clock last night. N3
definite trace of the holdup man hid
been found by city, state or railroad
officers late this afternoon.
David Roberts snd R. $uehl were
in the ticket office when a man de
scribed as medium tall, about 35
years old. smooth shaven and wear
ing a black coat appeared at the win
daw. "This Is a holdup," were the first
words. "Let's have your money."
Roberts stepped behind a corner in
the office, but Duel-., was sitting at
one of the telegraph Instruments l.i
the center of the office. The robber
leveled a black, automatic pistol at
Buehl.
"V."e haven't any money here." one
of the men said. "It's all been bank
ed." "Open up this drawer." the robber
said, "the one here under this coun
ter. Hurry up."
The cash drawer was then unlock
ed, and handed to the robber who
kept his automatic on the two men
in the office. Ten dollars in silver
dollars, ten dollars In AO cent nieces
and five dollars in quarters was tak
en. The robber pocketed the money
and fled.
Buehl was formerly employed by
the Southern Pacific here. A. Stewart
of Euvene. railroad detective, arrived
in Medford this morning and has
been working on the case In con
Junction with city and state officers.
The fact that the robber knew Just
where the money till was leads offi
cers to believe he Is an old 'hand at
the game. Several suspects were pick
ed this morning and last night or
questioning, but all were released.
Steel Declares
SO Cent Dividend
NEW YORK, Jan. 31. (AP) Unit
ed States Steel corporation today de
clared a dividend of 60 cents a share
on the preferred stock, tlitis break
ing a 32-year string of quarterly pay
ment of 11.76.
Galsworthy Dies
. 1
JOHN GALSWORTHY
LONDON, Jan. 31. (API John
Galsworthy, British novelist and
dramatist and 1932 Nobel prize win
ner, died today. He was 6Q years old.
. The famous writer had been suffer
ing from anemia and was In a grave
condition for the past week. The ill
ness developed from a severe cold con
tracted last month.
JURY LIST GIVEN
L
The jury list for 1033, composed of
250 namen, drawn from the tax rolls
and poll books of Jackson county,
has been formally approved by the
county court. Practically every large
precinct In the county Is represented,
with the exception of Prospect, the
grand Jury oud petit- Jury for the
term of the circuit court starting
January 27 will bo drawn from the
list.
The jurors are apportioned as fol
lows: Ashland 63, Medford proper 48,
Medford, rural routes, 37; Central
Point 18, Eagle Point 7, Trail 13, Tal
ent 17, Phoenix 6, Jacksonville 8,
Plnehurst 3, Lake Creek 2, Gold Kill
9. Rogue River 3, Wlmer ,2, Butte
Falls 4, Sams Valley 2, Colestin, Cop
per, Ruch, Beagle, Applegate, Siski
you, one each, the balance being
scattered.
Abbott, Laura . (Mrs.), housewife;
Aitkens, Clara M., Ashland, house
wife; Andrews, Grace E., Ashland,
housewife; Ashpole, Roy, Eagle Point,
merchant: Anderson, Elda R. Ash
land. 685 Boulevard, housewife;
Anderson, Lloyd, Medford, 322 North
Oakdale, barber: Adams, Elva, Cen
tral Point, housewife; A rant, Ada,
Jacksonville, Sterling Rt., housewife;
Anderson, Prank E., Phoenix, phar
macist; Atkins, O. W., Medford. route
2. farmer; Ash, L. W., Trail, laborer;
Allen Walter Ray, Eagla Point, ranch
er; Ay res, Amos, Medford, 721 South
Peach, lyborer; Blgham, Earl L., Cen
tral Point, route 2 farmer; Brown,
E. J., Applegate, farmer; Benson, Axel
Medford, route 2, farmer; Brock,
Mabel, Medford, housewife: Bates,
Mrs. Marie A., Ashland, 113 Nob Hill,
housewife; Brown, Geo. B., Browns
boro, farmer; Bybee, James Wm.,
Jacksonville, farmer: Beebe, Walter
B., Ashland, route 1, farmer; Bene
dict, Mae ( Miss), Ashland. 219 Moun
tain avenue, housekeeper.
Birdseye, Victor P., Foots Creek,
farmer: Belknap, L. F., Medford,
route 4, minister; Burns, Cordle O.,
Central Point, route 1, housewife;
Brewer. C. M., Medford, 1811 E. Main,
manager Copco; Blaylock, Marvin -E.,
Medford. 1025 W. Tenth, electrician;
Bellenger, Minnie B . Medford, 125 N.
Holly, housewife; Brandon, Martha A.
Medford, 142 N. Ivy housewife; Brown
Edw. E., Central Point, farmer; Berg
strom, Chas. L., Ashland. 467 Chest
nut, laborer; Brooks. Elliott P., Med
ford Mary street laborer; Brewer, F.
L., Medford, 41 Ross Court clerk;
Burke, Fred. Medford, 531 Penn. ave..
laborer: Billings.- L. G., Talent, civil
engineer: Billings, Newman, Central
Po!nt, Rt. 1. service station; Black
ford, Olive, Central Point, route 1,
housewife: Bell Thos. J. Jr.. Talent,
farmer; Beck. James H., Medford.
laborer; Bailey, Everett, Talent, route
I farmer: Brooks, A. I.. Rogue River,
farmer; Barto, Vivian Norman. Wlm
er. housewife; Buckley James, Ruch,
farmer: Buck, Oerald. Jacksonville,
farmer; Blaess, Chas. E., Trail, mer
chant.
Case, Clarence 7 , Sams Valley, la-!
borer: Chattln, Mrs. Jessie A., Ash
land 3;.3 Hargadlne housewife; Carley
R. E.. Medford, route 2. shipping !
clerk; Crawford. W. Raymond, Med
ford noute 2. box 40 A. mechanic;
Chi Ids. Roy R., Medford. route I,
farmer: Cook Earl H., Oold Hill, la
borer; Conger, Henry Elsworth, Med
ford, route 2, farmer. Crouch, Frank,
Ashland. 148 Central, mgr. Swift and
Co.; Coy, Wm., Eagle Point, truck
driver; Charley. Mlllroy. Climax, far
mer; Conner, 8. H Foots Creek, elec
trical engineer; Clark. Oscar B., Gold
Hill. R. r. D.. laborer; Cota, Jose
phine. Oold Hill, housewife; Chap
man, Alvin 8.. Ashland, laborer; Cul-
(Continued tomorrow)
AL
TREASURER QUITS
Guy L. Ray Turns in $3.86
Cash On Hand and Says
Loyalty to Country Can-
. not Be Commercialized
Guy L. Ray, elected treasurer of
the "Good Government Congress"
last night at a courthouse auditorium
meet, today submitted his resigna
tion, as follows: -
"Due to the fact that I cannot sub
scribe to an Institution that supports
the Declaralon of Independence, and
Is ruled by a dictatorship' I hereby
tender my resignation to the Good
Government Congress." -
Accompanying the resignation, wis
a statement by Ray who was tem
porary treasurer, on the state of the
organization's finances, as follows:
Total cash received -..6.B6
Bills paid , 3.00
Cash on hand 3.88
Can't Commercialize Loyalty
Ray this morning, suld that he re
signed "because they can't commer
cialize my loyalty." He further stated
that the organization had been in
tended to "aid the working man and
farmers, but it was being turned into
a political organization." He thought
"work Is now more Important than
politics."
Ray was elected treasurer by one
vote last night receiving 80 votes.
His opponent received 79.
There has been evidence of mutiny
in. the ranks for the past week. Many
followers of the 'Good Government
Congress' objected, to the L A. Banks
resolution at the first meeting, bit
terly attacking the courts, on the
grounds,, "it was going too strong."
Another thorn was the candidacy fo
president of Mrs. Harriet B. Martin,
wife of a civil service employoe.
Speakers last night said many mem
bers "objected to a woman leader,
because it .is a man's Job." At the
meeting, also C. M. Root was depostid
as an official. He and Ray have been
active in fathering the organization,
and have many followers among the'
workers of the county.
Another bone of contention among
many-of Banks' former followers is a
statement in the "Once In A While"
column of the Daily News on Tues
day, January 31, which reads as fol
lows :
"Back of this Good Government
Congres will be found the 'spe
cial privilege' class, the old
'gang.' operating in Jackson
County."
Public Loses Patience
Another factor that aided the dis
sension, is the public attitude to
wards the Banks resolution "attack
ing the courts." The heretofore good
natured public opinion frowned upon
it, and voiced much adverse criticism
to the county commissioners, that
the courthouse auditorium was al
lowed to be used for Inflammatory
meetings. Commissioner Billings said
that "the program should be soft
pedaled," and Commissioner Nealon
held that the "hall should be barred
to political factions." County Judge
Fehl said, "he would speak to them
about it."
At last night's meeting, dissatis
faction with the election results was
freely expressed in the back part of
the room. "The session was marked
with considerable banter, and there
wss no vitriolic attack upon any In
stitution. Mr. Banks, however, took
several verbal swings at the mythical
"gang." and warned everybody to be
on their guard.
There was some talk yesterday, but
unconfirmed, that as a result of the
Internal strife a "Farmers-Workers
Council of Jackson County" would be
formed soon.
CAT SHOOTER TO .
HEAR SENTENCE
Justice of the Peace William R
Coleman heard evidence In two cases
Involving the demise of small crea
tures. Arthur G. Adams, residing near the
eastern city limits, was charged by
the Humane society with mutilating
a cat. towlt, shooting the said -rat in
a hind leg. Adams claimed that the
cat was killing hi chickens, had been
a persistent violator, and he shot to
defend his property.
The court took the case under Ad
visement. Frank Hammond of the Willow
Springs district, charged with killing
a fur-bearing animal without a li
cense. Hammond was alleged by game
wardens to have hit a coon in the
head with a club, when It came out
from a log. whence It had been
chased by dogs.
Justice Coleman also took this case
under advisement.
Tom Mix
r 1 1
n i v I
JACKSONVILLE EDITOR
, WINS FISTIC C 0MB AT
Fist cuffs flavored Jackson county's
political row late yesterday afternoon,
when George Maxwell, mining pro
moter, and Ionard Hall, editor of
the Jacksonville, Miner, engager in
fistic combat on the historic Main
street of Jacksonville. ,
Maxwell, according to Hall and wit
nesses, has voiced his objection to
stories printed In the Miner about
his alleged citizenship irregularity,
and has sought Hnll slnre the articles
appeared last week. He caught up
with Hall yesterday, and lert him
soon afterwards.
Maxwell approached Hull, who was
talking to a citizen of Jacksonville,
and declared that he didn't like the
articles that had been printed about
him.
"I want that gun you've been car
rying, too," Maxwell Is reported as
saying, and Hall declares that Max
well started to "frisk" him to get the
gun. "I'll show you which of us is
the better citizen," Maxwell is quoted
as saying.
Hall declares that he stepped back
from Maxwell, after Maxwell had tried
to take his gun from his pocket, and
then when Maxwell approached he
SPRING IN OREGON WHILE
CALIFORNIA SNOWBOUND
PORTLAND, Jan. 31. APJ Mild
springlike weather prevailed over
much of Oregon today and the
weather bureau held out a hope that
the grip of winter has at least been
tentatively broken.
Temperatures were moving upward,
showers were predicted for both esst
ern and western Oregon and fresh
changeable winds were forecast, Local
flurries of snow, it was said, might
possibly visit some sections of the
interior.
Three men were marooned In the
Oregon Caves section yesterday ac
cording to word from Grants Pass,
but all were experienced woodsmen
and not a trace of fear was felt for
K. F.
SILENT ON TAX
KLAMATH FALLS, Jan. 31. (API-
City officials had received no word
today indicative of the Intention of
the four public utility companies ope
rating here regarding the Ming of
gross revenue statements and pay
ment of a five per cent tax, required
in a new city ordinance to be made
tomorrow.
Copies of the ordinance, promul
gated by Mayor Wm. E. Mahoney. were
sent a few days ago to officials or
the California Oregon Power com
pany, the Pacific Telephone and Tele-
gi-aph company and the Postal ana
Western Union Telegraph companies.
All are affected by the ordinance. -
Local officials of the rompaiiiea
would make no comment, indicating
whatever Is said must come from
higher up.
Loses in Long Court Battle
v,
struck him on tho nose. Several
blows were struck, with the result
that Maxwell recotved a bloody nose
and then swore out a warrant with
Justice Ray Coleman for Halls ar
rest. Hall pleaded not guilty and was
released on his own recognizance.
"Every word I've printed about Max
well Is the truth," Rail said this
morning, "and what's more he has
already tried to change his registra
tion card at the court house. He has
been looking lor me for several days,
and nearly everybody In Jacksonville
knows It." ( . '
After Hall's arrest, Sheriff Gordon
L. Schermerhorn requested the re
turn or hia permit to carry a gun,
but Hall objected on the grout; that
his life had been threatened, and that
he was Just as much in need of the
gun now as he was when the permit
was Issued. Hall declares that his
refusal to use the gun yesterday in
his fight with Maxwell, or to think
of using it, for that matter, is proof
that he Isn't going to abuse the privi
lege of carrying It.
Sheriff Schermerhorn said he would
reconsider the request for the re
turn of the permit. Hall said.
their safety. They are Dick Rowley,
head guide during the tourist season,
I Dick Dabln and Gus Llum. A snow
plow was at work today opening the
road from the foot of the mountain
to the resort.
SAN FRANCISCO. Jan. 31. (AP
The toll of liven In the blizzard swept
far-west stood at eleven today as
winter continued to threaten efforts
to rescue hundreds of persons ma
rooned In mountain regions.
In northern California two deaths
were added to the number of known
victims since the series of storms
started eighteen days ago. Another
wanderer perished In Nevada.
LEVELED BY
A wind, that assumed hurricane
proportions last Thursday, blew down
the bam on the Edmondson ranch,
five or six miles from Butte Falls,
killing seven cowa, and causing dam
age estimated at $500 to 7S0. The
wind was one of the heaviest ever
known In the section, according to
reports rescnlng this city todsy.
During the height of the storm,
which wss accompanied by snow,
trees were blown down, causing many
residents of the district to seek safety
in the open, as they feared the roof
of their homes would be crashed in.
The wind seemed to center In the
neighborhood of the Edmondson
ranch, though It was more than mod
erate velocity In other mountain dis
; trtcta. writ re It caused the snow to
drift heavily.
i 3 V.
V
I Ma - u.jTWPfcaart
BKIK, Pa.. Jan. 31. (PI A Jury tu
day awarded Zark T .Miller. Okla
homa rancher and showman, f(lBlllMl0
damages -aialnst Tom Mix, ntorle
cowpiinc'her.
Miller alleged Mix broke a contract
to appenr with Miller's 101 Knnrh
show and sued for WtS.OOO. Two yeurs
aro a Jury awarded Miller no.ooi nut
the rase was appealed and a new trial
granted.
Col. Miller Is shown (right) as he
testified at tho trim, Mix Is shown
outside eourt. with his third wlfn,
Mnhel Ward and his daughter, Ruth.
(Associated Press Photos.)
ST
Tomorrow's Mail Tribune will again
publish the standing of the Rogue
River Valley girls who are partlclpat'
lng in the Medford Merchants-Mail
Tribune popularity contest which
now holding the center of the stage
in this section of Oregon. Contestants
are urged to cast their ballots as
scores of Mall Tribune readers are
Anxiously watching the tabulations
as they appear from time to time.
With two delightful summer trips
In storo for the two winning girls In
this unique contest, a steady tncreaio
in interest is being noted. Fifty-two
well known Medford concerns are par
ticipating in the contest and featur
ing popularity votes with purchases
of merchandise or payments on ac
counts.
A wonderful cruise tc Hawaii, lux
urlous accommodations at sea and a
glorious nine-day stay at the beautl
ful Royal Hawatlah hotel over-look
ing romantic Kalklkt beach is the
first prize. While In Uncle Sam's
tropical territory island, "Miss Med
ford" will enjoy a trip to Hawaii's
volcanos, the pineapple plantations
and a glimpse of the thousands of
attractions of Oahu, The winner of
second place will be given a trip to
Seattle where she will board a steamer
for San Francisco. All of the attrac
tions of the historic and beautiful
bay district will be enjoyed white the
lucky Rogue River Valley miss stays in
the southland. After seeing San Fran
cisco, she will return to Seattle by
boat, thence to Medford a prize al
most as enticing as the Hawaiian
cruise.
J. Verne Sh Angle, Medford p ho tog
rapher, has extended a cordial invi
tation to every girl contestant to have
her photograph made without chargs.
Many girls are using their phoco-
grahps In their papularlty contcit
campaigns. .
'
Jamec F Cook. 03. of Route 4, Med
ford. lost his left hand this after
noon when his shotgun was acciden
tally fired, tearing the hand so badly
that immediate amputation was
necessary.
Cook had started for a short hunt
ing trip around his farm, and had
stopped to talk to a neighbor when
the accident occurred. Hi gun, rest
ing on hia foot, slipped, he reached
for It. and It was discharged. He was
rushed to the 8acred Heart hospital,
where an operation was performed
this afternoon.
Women of Rotary
To Meet Tomorrow
Women of Rotary will meet Wed
nesday afternoon at the home of Mta,
John Byle. 38 Oeneva. for dessert
bridge. Members are asked to arrive
at 140 o'clock.
I
VISIT OF LOTHIAN
SEENING0TH1
Right Hand Man of Lloyd
George in Versailles Peace
Conference Will Talk Debt
Settlement Plans Here
By JAMES McMUM.IN.
Copyrighted by MrOluro Newspaper .
Syndicate.
NEW YORK. Jan. 31 Great sig
nificance la attached to the visit hera
of Lord Lothian (better known as
Phillip Kerr.) Right hand man of
Lloyd Oeorgo during the Versailles
peace conference, he has long played
a prominent role In British and In
ternatlonal affairs. As an unofficial
emissary on debt settlement ques
tions he will be top news In due
course. ,
There Is a deep aura of mystery
around Britain's gold transaction with
this oountry. Twenty-five million
dollars out of the 98 set aside In
London for the federal reserve bank :
In payment of the British debt In
stallment has already been reclaimed
from English sources. Also there have .
been no less than six earmarklnga of
locat federal reserve gold for foreign '
account In the past few weeks. The
federal reserve has gone to great palna
to conceal the Identity of the ear- .
marker which is also Bnglsnd.
The question as to where Britain
gets the .funds to buy this gold and
what she wants with It are met with .
profound alienee In official quarters.
The answer to the first question la
either .
"' (a) Britain wiis" kidding" about her'
straitened financial oondldltlon, or
(b) She has obtained a sizeable
open account loan from private benk
ers here. Private banking sources
who know the answer are significantly
silent.
As to why England wants the gold
It Is known that powerful Interoata
In Britain aro dissatisfied with the
climb of the pound and will do all .
they can to push it down again.
Therefore, if England sells sterling
now and has the gold to buy It back
again at lower levels, she can roll up
a sweet profit. . . . '
Soveral New York banks have found
England a suitable field for the In
vestments that they cannot or will
not make at home. They have bought
healthy quantities of short term sterl
ing maturities and have coupled these
transactions with the sale of sterling
for delivery on the maturity date at
the prevailing current price. This
way they are protected against ex
change fluctuations and can collect
In fu.il on the principal and Interest
of their Investments.
The credit Inflation nrnaram via
excess reserves looks more and more
like a bust. Loans and Investments
In the New York district are still '
rising, but these ltm. niitjifrt. M.w
York have dropped now for four weeks
in a raw im week's aenation
amounted to 40 million dollars of
which 10 million In the Chicago dis
trict. WILL
ROGERS
p$gys:
SANTA MONICA, Cel., Jan.
30. The British ambassador is
a mighty popular man gucBt
of tho senate, guest of the
president that's on deck wait-f
ing to go to bat. The roor
Freneh ambassador you can't
help but feel kinder sorry for
him. He is still in- the dog
house. A senator named Tydings
the other day introduced a bill
where the government couldn't ,
appropriate more money than
was coming in; that is, if you
didn't have any money you
could not dole out any. Well,
The senate like to mobbed him.
They called the idea treason,
sacrcligious, inhuman and tak
ing the last vestige of Dower
from a politician that is, the
right to appropriate y o n r
money which you don't have.
(ZUIII MiNSMisi txaaluu. lae,