PAGE FOUR
MEDFORD MAIL TRIBUNE, MEDFORD, OREGON, FRIDAY, MARCH 24, 1933.
S, EFFECTS OF
Li
(Contributed)
. We ask the co-operation of congress,
other public officials and the public
In developing an honest unaerstaoo
InK of the Home Loan bank system.
The publlo la confused and the Issue
has not been clearly set forth. The
Borne Loan bank system was designed
as a permanent system of sound
mortgage -discount banks, providing
funds to community home-financing
Institutions. It was not Intended as
a .home-owner's dole at the expense
of the taxpayer. A careful reading
of the act. of the hearings and de
bates In congress and of the public
statements which preceded Its enact
ment reveals that It was Intended to
be a permanent addition to the credit
structure of the United states.
companion In our financial structure
of the Federal Deserve banks ana
. our Federal Land banks. The build'
Ing and loan associations of the
United States supported Its passage
and, with othera, were consulted in
Its drafting. They have Joined the
system where stato lawa permitted,
with the understanding that It was
a business proposition designed to
service American communities through
existing Institutions.
: There are approximately 18.000
home-financing lnstltutlona In the
United States and, of these, 11,000
are building and loan associations,
the primary purpose of which Is to
furnish funds for tne nuuaing ana
acquiring of homes. Building and
loan associations have 13,000.000 mem
bers of whom 8,000,000 are home
owner borrowers. These Institutions,
with aggregate . resources exceeding
$8,000,000,000 up to the time of the
creation of tba ' federal home loan
bank system, have had no dependable
source of credit for the purpose of
expanding their facilities. In times
of financial stringency, the demands
for the return of Investment funds
placed with them have equalled their
Income, leaving practically no avail
able funds for liome-finsnelng. The
oentral Idea In the creation of this
jiaw credit system was to nana w-
. gether these financial Institutions, of
practical lending experience and
sound assets Into one great national
system, upon which could be built
an adequate system of credit for
home-financing for all sections of the
country.
The people of this country suffer
lu from the effects of the depres
sion have been led to believe that
this system would accomplish impos
sible things. Unfortunately for the
Inauguration of this permsnent sys
tem It happened to be started amidst
tba throes of a national political caiu
nalsn. The plan to refinance sound
mortgages temporarily In distress baa
bean misunderstood and the thought
Is abroad that the United States gov
ernment will Immediately take over
all distressed mortgages and thereby
relieve private oapltsl of Its present
.troubles and loss. The emergenoy
confronting the nstlon and the home
owner should not occupy tha entire
attention of the publlo without refer
ence to the benefits that would flow
from a permanent system any more
' than ahould the emergenoy relief as
pects of the temporary reconstruc
tion finance corporation banking,
supplant the permanent federal re
serve system.
There are really two pressing prob
lems in the boms financing field. One
Is taking care of the Individual with
a short-term mortgage whloh has
been called and the Individual who
has good real estate security, who
can repay and who merits further
funds. The Borne Loan bank system
can affectively solve this problem.
The second problem Is the property
owner who does not have employment
and has not been able for many
months. If not years, to pay Interest,
taxes and Insurance. Further loana
will not assist this Individual and
most advances made under such con
ditions would never be repaid. The
Borne Loan bank system cannot deal
with this problem.
Society and Clubs
Edited by Eva Nealon Hamilton
Klwunlans Enjoy Festive
Party at Talent Hall
Opening with a splendid .dinner,
prepared by the women of the Tal
ent Orange, the meeting held there
last evening by Klwanls clubs of Ash
land and Medford with the Orangera,
was one of the bright spots on the
week's social calendar.
There were large delegations from
each of the three groups present and
dinner followed by a program and
dancing. Olen Arnsplger of the Med
ford club presided as master of cere
monies. Representative E. B. Day
was the chief speaker of the evening
snd wss Introduced by senator George
W. Dunn of Ashland Several much
appreciated musical numbers were
contributed by Ashland and the re
mainder of he evening was spent In
dancing.
In his address Mr. Dsy spoke con
vincingly on the sales tax, urging
Jackson county people to give it their
support.
Members of the Medford delega
tion attending the party were: Mr,
and Mrs. R- O. Fowler, Mr. snd Mrs.
Frank Perl. Mr. and Mrs. O. S. Butter-
field Mr. and Mrs. Everett Faber, Mr
and Mrs. George Carter, J. O. Mann,
Max Pelrce, Mr, and Mrs. Osrl Teng-
wald Rev. and Mrs. A. G. Bennett,
Mr. and Mrs. Olen Arnsplger. Mr. and
Mrs. Ted GeBauer. Mr. and Mrs. Fla.
vlut West and Mr. and Mrs. W. M.
Olemenson.
Bay CHy Wedding
Interests University Folk
SAN FRANCISCO. Mar. S4. (P)
Mtsi Maud Button '-ai San Francisco
and Frank J. Cobbs of Portlsnd, Ore.,
wen married In a church wedding
here last night.
Miss Barbara Sutton, sister of. the
bride, sttended her, and another als
ter, Mary Louise Sutton, was flower
girl Claude Johns of Portland was
best msn.
A reception followed at the home
of the bride's parents, Mr. and Mra.
Bfflnpham Sutton.
Mr. and Mrs. Cobbs met while at-
tend'ng the University of Oregon.
They will make their home In Port
land. Mrs. Cobbs Is s member of the
Junior league.
Both Mr. and Mrs Oobba are re-
merx'red here among university folk,
who knew them on the Oregon
campus.
Allons Club Enjoys
Evening at Bunch Home
A? the country borne of Dr. and
Mra F. G. Bunch the Allons club
wss entertained last evening. Mrs.
Bunch and Mrs. Belva- Aiken acting
as hostesses.' There were three tables
of bridge In play In a setting refresh
ingly springlike with green and yel
low forming tha color scheme, and
great bouquets of daffodils placed
about the rooms. . .
t"r)s at bridge were awarded Mrs.
Warren Butler, Mrs. O. O. Humph
reys, Mrs. Wslter -Olmsoheld and
Mrs. S. J. Feldman.
Eagles and Ladles
To Gather Here.
A large delegation of Klamath Falls
Eagles and Ladles' Auxiliary Is ex
pected for lodge Friday night, to
meet with tha local aerie. The oc
casion Is to celebrste the pssslng of
the old age pension bill In Oregon.
Tne Klamath Falls aerie will con
duct the meeting and furnish the
entertainment. The local aerie will
furnish supper.
Lutheran Ladles
Plan Food Sales.
The Lutheran ladles are sponsor
ing a food sale tomorrow at the Re
liable Grocery. The committee com
pleting plans for the sffslr Is com
posed of Mrs. M. O. Paulson, Mrs.
M. Westvong, Mrs.' Hicks and Mrs.
Clark. I
Program Announced for
Apollo's Eecltal Tonight
Sebastian Apollo, local organist and
pianist, will play In lecltat at Grants
pass this evening, ssslsted by James
Stevens, soloist. The following pro
gram has been announced by Mr.
Apolic. for the musical evening:
Transcription Travlata.
Impromptu Chopin.
Rachmaninoff's Prelude.
Toocata's Paradise.
"Rondo Caprlcloso" Mendelssohn.
"Tarrsntella" fPlzeonks.
Music Box.
Gypsy Air Sarraaatc.
Second Hungarian Rhapsodl.
Between the groups, Mr. Stevens
will entertain with some of his spirit
ed tongs. The local artists will ap.
pear at the Grants tsas library audi
torlum, the program beginning at
7:48 o'clock.
Chllders Entertain'
Honoring Hon.
JACKSONVILLEMr. and Mrs. W.
A. Chllders entertained with a party
Tuesday evening In honor of their
son, Clifton, on his 30th birthday.
The evening was spent playing gsmes,
following which refreshments of Ice
cream and cake were served by the
hostess. Guests present were BUI
Lewis, snd, Lola straube and Maurice
Byrnes of 'Applegate district, Lucille
and Verll Stearns Miss Manning of
Medford, Misses Frances and Grade
Wakefield, Marlon Vogle, Valeria Wln
nlngham, Ivan Goodman, Theron
Babb, Anna Smith and Ernest and
Violet Olson.
Forma Dancing Club
Announces Spring Event
Thi Formal Dano.ng club will en
tertain with a aprlng party, the first
to grace the month of March, next
Friday, one week from tonight, at
the Knights of Pythias hall. New
prlcos are announced to club mem
bers by the committee and dancing
will begin at 10 o'clock, with music
by Whipple's orchestra.
The committee for the dance Is
composed of Miss Fem Hutchison,
Mrs O. Resse Braley,. Mrs. H. 8.
Deuel. Mrs. Jack Porter snd Mrs. Ed
win Durno. ' '
Daughters of Nile
Benefit Tuesday
Bringing promise of a very plessant
afternoon at cards, a benefit party
bas been announced by Daughtera of
the Nile for next Tuesday at the
Masonic temple. Pivot .auction and
contract bridge will be played and
cards will be followed by tea.
Mrs. A. E. Peasley beads the com
mittee for the party and is being ss
slsted In plans by Mrs, Reese Chap
man, Mrs. W. B. Rltson and Mrs. Jack
Porter.
Golfing Promises Jolly
Sunday for Many Folk
. The Rogue Valley Golf course will
be the gathering plaoe Sunday of
many local society lolk, all eyes be
ing turned 'greenward" today In an
ticipation of the two-ball foursome.
The feminine ranks promise to
show the roaeoullne golfers some
mighty fine shots and have deserted
bridge tables and other social activ
ities to make their promise good.
Blacks Return to River
Place from Bay City
Mr. and Mrs. 0. N. Black are being
welcomed back to southern Oregon
this week, having arrived from San
Francisco to spend the spring and
summer . at their lodge on Rogue
river which Is the scene of mucb
gslety each summer.
Mis Roberts Returns
To Medford: Sunday
Miss Dorothy Roberta, daughter of
Mr. and Mrs. O. M. Roberts, who is
spending the spring holiday with her
sister. Miss Mary Lee Roberts at Mills
college, will return nere Sunday for
a brief visit with her parents before
continuing to Eugene to resume her
stud es at the University of Oregon.
Her sister will spend the Easter va
cation as guest of friends at Carmel.
Mrs. Hutchison
Hostess to Club
Mrs. O. I. Hutohlson wss hostess
yesterday at ber borne on West Main
street to the Thursday Bridge club.
The ususl pleasant afternoon at cards
was enjoyed.
TO
NEW YORK, March 34. (AP) An
drew Mellon, retiring United States
ambassador to the court of St. James,
returned on tfta Leviathan today, cel
ebrating bis 78th birthday.
He declined, to discuss any "Impor
tant question" because, he said, "I
am out of responsibility of It."
Nor would he talk as a private cltl
zen.
! haven't gotten used to being a
private citizen yet," he aatd.
IN HILL REGIONS
HOOVER CALLER
CARRIES PISTOL
PALO ALTO, Cal., March 34. (AP)
Former President . Herbert Hoover
today ssked police to disregard ss far
as possible the visit to his boms of
a man with a loaded revolver, but
authorltlea still kept an eye on the
man, William Campoglanl Co, form
er wrestler.
Caaipogianl, according to the guard
who stopped him before be entered
the Hoover property, offered to check
the gun with him. during bis pro
posed visit with the former execu
tive, and ran away while the guard
was telephoning for police.
JAPANESE ENVOY
NEW YORK, March 34. (AP) Vo-
auke Matsuoka. head of the Japanese
delegation to the League of Nations,
arrived In America with five fenow
delegates today, and asserted that
Japan was "not appealing to anyone,
for It Is not a vassal state to America
or any other nation."
He also suggested that Japanese-
American feeling might be Improved
If the United States would withdraw
Its fleet from the Pacific ocean.
He said he did not know whether
or not Japan Intended to withdraw
from the League of Nations. .
Cleaning Special
Suits ..; . 75c
Dresses . . . 75c up
Free Delivery
Phone 474
City Cleaning &
Dyeing Co.
624 No. Riverside
YREKA, KLAMATH
Sunday morning at 10 oVslock will
see the Medford, Yreka and Klamath
Fall rifle teams shoot It out for the
southern Oregon-northern California
Indoor champlonahlp. Each team will
have seven men shooting, the five
high scores to count for record.
Yiera bas a slight edge with a
seven-man team, while Klamath Is
out to avenge their defeat by Med
ford earlier In the season. The Med
ford gunners, however, after four
mon'ha of practlcs, are determined to
keep their record clean, with no de
feats In the last two years.
Firing will begin about 10 o"clock
and continue Into the afternoon, with
an Intermission at noon for lunch.
Those Interested In the event are
Invited to attend. Tne rifle range It
In bh Armor basement.
. Last week's practice scores were:
C. R Pomeroy sfl
C. R. WhmnnH lllft,M ggg
! O. A. eander 8M
' E. H. Pomeroy 848
i Ed Lull , ,- 848
H. E. Rlnabarger 347
Allan Perry M - a.ia
Fivd Gander ..........
R. L. Edwards..
I. C Daley
Lew Conger .
R. Devore -.
Ivan K. Waddell
R. Payne
H. Brown
Elmer Olsen
Norman XeMaster .
In from Phoenix
. 828
. 330
, 318
, S10
, 808
, 9M
, 3R3
. 380
, 3S
, 147
Shoppers In
Mclford today from the Phoenix dis
trict ne.-e Mrs. D, W, Dickey snd Mrs.
Otto Caster. ,
k V a.a.--e.'r. v . x . jiurui
GRUNOW'S GENIUS
Brings the FIRST
REFRRIGERATION
ADVANCEMENT
The Orunow Electrlo Refrigerator la the crowning!
achievement of William O. Orunow, gonitis of manu
facturing, who waa responsible for producing the finest
radio set ever known, at a price every American home
could afford to pay.
The Orunow Is Ilka no other refrigerator... Because, In
tha Orunow alone Is combined outside beauty, inside
roominess, efficiency In performance heretofore unheard of, silence In operation, and economy
In the use of electrlo current never before achieved.
The Orunow Refrigerator, alone, usea for the first time In household refrigeration, a refrig
erant you can see, hold In your hand and smell, without danger or Inconvenience. For ten
yeara this refrigerant has been used successfully and efficiently, In the highest types of com
mercial Installations, such ss the United States capltol at Washington, Chicago Stadium,
and on fine passenger ships, where absolute safety to human life la a prime requisite.
Orunow'e genius made It possible to use this same safe refrigerant In household refrigerators.
With It there Is no possibility of high pressures, dangerous escaping rsms, and outright
bursting of equipment, not to mention the Inconvenience snd spoilage of food and furnishings
THERE'S NOTHING LIKE IT THE NEW
GRUNOW VACUUM PRINCIPLE
SUPER SAFE NO PRESSURE
Here they are In Medford all three models, ready for your Inspection. They
have a new, beautiful finish, new unique design, new simple power unit and
best of all, a Safe Refrigerant. Prices are under all competition.
Palmer Music & Electric Store
E. Main and Bartlett Phone 788
Aj spring advances and creeks are
running full In hill regions of south-
era Oregon, mining activities are on
the Increase, is the report today,
man more men picking up a slab of
bacon, a sack of flour and taking to
regions where some sort of a living
can b gained from the ground itself.
tfolng for the most part very crude
devkts. the art of mining being a
new one to most of them, they are
not making what they should, but
are getting by without county aid.
Up Big Applegate, Little Applegate,
Forest creek. Coleman creek and An
dersen creek, they are going, and In
all cases the Instruction planned by
the mining school to' be carried on
here by O. D. Adams state director
of vocational education, will bring in
creased receipts In gold, it la believed
by rcen who have mined.
Broken picks, shovels and other di
lapidated equipment, if any, is to be
seen In all the camps, where Indi
vidual undertakings are noted. The
miners are cleaning up 25 cents one
day, a dollar the next, and on up
ward. Mining association men stated,
many times losing as much gold as
they save, through lack of knowl
edge In recovery methods. Over 60
per cent of the miners, a survey
show, are not skilled In mining proc
esses When federal aid Is brought
them, statistics gained from other re
gion where schools are conducted
dhow, their incomes will be greatly
Increased.
Registrations for the school are be
ing received at the Chamber of Com
merce and figures released from Den
ver, Colo., where eight groups of 30
to 4J men In each, are taught dally,
show that of 699 men trained to
mine, all but 19 succeeded in the
new nard-times profession. Only 19
returned to Denver for unemployment
aid fter receiving Instruction In
mining.
In eeveral western states, the Min
ing Journal states, "the local cham
ber of commerce has organized classes
numbering from 200 to 300 members
each Reports from the secretaries
of these chambers of commerce state
that In no case has a man failed to
make a living."
DORIS
YARNS
Mad from loft, elect
cotton in 18 looly colon.
Including black and
white. Died temively
for mektntf deep plli
rugi, plllowi, toya. bath
room acta. etc. Wrlta
for free color caraa.
E
TO RAISE FUNDS
FOR LOCAL TEAM
First steps toward revival of Med
ford's baseball club are under way
with a dance scheduled for a week
from today at the armory to raise
money for equipment. The dance
will follow several rounds of boxing
to be provided by young battlers of
local renown.
George Sowers, who has had long
experience In semi-pro baseball, has
volunteered to pilot the revived team.
If all agree, after a few practice
turnouts have been staged and some
idea has been gained of the scope of
talent available for the year.
Sowers says there Is a wealth of
young material in Medford which
can be developed for some good base
ball if properly handled. Among the
well-known athletes, most of them
graduates of Medford high school, who
Sowers haa in mind are Virgil Swan-
son, Tule Williams, Jack Hughes,
Ivan Harrington, Luke Lang, Malcolm
Stine. the Dunn brothers and Olson,
Lewis and several newcomers who
have had experience.
Workouts are being held daily at
the Junior high school, when weather
permits and Sowers invites, all who
cherish ambition for a regular berth
on the team to show up, chase a few
files, and give the old eye a taste of
batting practice.
The benefit boxing card and dance
March 31 will be the opening gun in
the campaign to put Medford on the
baseball map, according to Sowers,
and other stunts will be staged to
get the team started off with good
equipment and a few cents over for
traveling expenses, if needed.
Backing of Medford merchants will
be solicited In getting the club
started and It Is probable that the
team will again assume the name
"Medford Merchants."
Verna L. Griffin
Passes Suddenly
Miss Verna L. Griffin, resident of
Medford for many years, died this
afternoon at the Sacred Heart hos
pital of .heart trouble. She had been
ill for some time. A complete obit
uary and funeral notice from the
Conger parlors will be published Sunday.
CMd In SINGER.
CRAFT WORK
RIDER-OSBOHKB-DKVIKEtliie.
. E. Cor. Broad St. and Alleghany Ave.
Dept. A-48 Philadelphia. Pa.
Ringlette
Permanent Wave . .
(f yon get It here It
must be good. 1033
prices
TUCKlvH'S BEAUTY SOI.ONB
Thursday evening. Vie outgoing of
ficers of the local DeMolay chapter
entertained with a smoker for mem
bers and their friends, with about
one hundred In attendance.
Roger Headlee presided as master
of ceremonies. 'and wrestling and box
ing were Included on the evenrng's
ca: 1. wrestling matches were put on
by Knox and Prenttas, Woods and 3a
llnsky, and Oilman and Prentiss.
Those boxing were Gaddla and Cow
gill, Kununan and, Luman, Santo and
Prentiss Bnd Harrington and Latham.
All were considered draws but the
latter, which waa awarded Harring
ton. Hot dogs and coffee were "taken
for a fall" by the boys at the close
of the matches.
BUCK OFFERS NEW
. THRILLS AT ROXY
Buck Jones, he-man of the great
open spsces comes to the Roxy the
ater tomorrow In another western
thriller, "Hello Trouble." Buck plays
the role of a Texas ranger and a high
wayman In this tale of old Arizona.
biu:emi.:h:Hhib
By Action of Its Board of Directors
March 23, 1933
The Southern Building
d Loan Association
on
Mil
is taking all possible steps
for immediate membership in the
i
Federal Home Loan Bank
of Portland
HAMILTON PATTON, Secretary
125 West Main St
Hotel Holland Bldg.
Tel. 800
Ask for
S.&H.
Stamps
M. M. Dept. Store
w
. I jj j SPRING i 1
Pay u FOOTWEAR MX
Dress These shoes are In the new lasts . .
Better ,' for aprlnc made of such pop- Hv
f ular leathers as pig skin, black
SHOES
FOB SPRING
Here are real spring shoe Tal
urt. Choow.from these color
ing : Spring blue, dull blark,
gray, beige, white and many
pleaalng color combinations.
Moderately priced for uch
smartness and quality all ma
terials of course!
$3.45
$3.95 $4.45
These shoes are In the new lasts
for spring made of such pop
ular leathers as pig skin, black
kid, brown kid. gray kid. beige
kid and genuine water snake.
. . . Oxfords, straps and pumps
In all widths.
$2.95
$3.45
$3.95
$4.95
MAIN FLOOR
Smart Women
will be quick to realize the fashion
importance of these items
SALE OF
DRESSES
In this lot 100 charming dresses
styles which spell Individuality with a
. capital 11 Take your choice of rich
fabrics flattering; styles newest
. sleeve creations . . . QUALITY dresses
for fair at this remarkable price
$3.00
SIZES 14 TO 44
COATS
ON SALE
Here are coats that are downright
clever . . . new sleeves, smart lines,
new materials, the last minute
shades, exquisite linings. A fine se
lection at bargain prices
$4.98
$8.90
$12.45
Basement Sale! One Lot of
Women's & Children's Shoes
$l-oo
m
f t -Ik
sLfeqb
M
M. M. Department Store