o
PSQE EIGHT
MEDFORD MAIL TRIBUNE, BEDFORD, OREGON, WEDNESDAY, 3PRDL 26, 1933
HIGH GRADE BONOS TENSION ON BANKS!! They LocBeauty Spots of State-
AND "HOT MONEY"
Gilt Edge Securities Decline
As Stocks And Specula
tive Mortgages Advance
On Inflation Program
By Victor Eubank
Associated Press Financial Writer)
NEW YORK. April 3, (AP) "Hot
money" and high grade bond, en
emits In snj country and any clime,
have been contesting In Wall Street
the past week.
With Inflationary hysteria gripping
the financial district, "gilt edge" cor
poration maturities have declined as
stock and speculative mortgages a
ranced. Follow Commodities
The theory back of this I that.
If drastic inflation appears and the
dollar la depreciated, fixed Incomes
will drop In proportion. Common
shores and low-priced bonds, on the
other hand, are supposed to follow
booming commodities and rising
prices generally.
Notwithstanding the fact that var
Jous Investment authorities envisage
possible reduction of the gold con
tent of the dollar, by no means all
of them agree that the better claas
bonds should be unloaded, and Mon-
day the Issues recovered rather
sharply, '
Moody' survey of the situation
reasons:
A Two Tears Ago
"It the dollar 1. in the end. re
established on a gold basis 10 to 30
per cent lea than recently (If 10
to 30 per oent lesa gold la used a
the basis for the dollar) and If prices
rise by s corresponding amount, then
bondholders will be no worse on
than they were two years ago. Their
purchasing power will be Just a
great as It was then. If must not
be overlooked that In early 1031,
prices of good bonds were substan
tially higher than they are today
or than a week ago, when we were
on the gold standard.
"The decline In high grade bonds
last week is readily explainable by
the faot that we had, In the stock
and commodity markets, a wild
speculative movement and it must
have been true In hundreds of cases
that high grade bonda were sold In
order to ralae cash for stock or
commodity purchases. This, and
selling of bonds by those who were
frightened by 'inflation talk, would
easily account for the drop In gilt
edge prices during the paat week."
See No Wild Inflation
The whole question of high grade
bonda, banking interest advise. ' 1
whether the country Is In for ser
ious depreciation of currency,( or not.
Leading financiers In Wall Street, for
the moat part, do not believe that
any wild Inflation will be attempted
under any circumstances. If this
be true, they argue, then the recent
retreat of the "gilt edge" forces was
only temporary.
Deadly Germs of
Barn, Hen House
Yield To Firekil
Southern - Oregon dairymen and
pouHry and rabbit raisers will wel
come the announcement made this
weak by A. P. West, manager of thla
district for the Standard Oil, that
Calol "Firekil" gas la now available
here. This remarkable new method
of disinfecting poultry and rabbit
houses, aalry buildings and barns, la
claimed to be far more elective than
ordinary disinfectant, combining
very moderate cost with absolute
safety and a material aavlng of time
and effort.
. "Firekil gas, applied with a simple
torch equipment, aotually burna up
the germs," Mr. West said today. "It
atop "Coxy' (Ooocldlosls), the worst
poultry disease, that cannot be ef
fectively curbed with ordinary disin
fectants; 17 degree of heat, for at
at least three second, will kill Coxy
and Calol Firekil provides from 3000
to SCOO degree, assuring absolute de
struction of these deadly germ."
Mr. West also pointed out the sim
ple method of applying Firekil, whloh
is pure fuel gas. It Is available In
convenient alee steel cylinders,
mounted on portable trucks. The
torch requires no pre-heatlng and Is
lighted like a gas stove. In addition
to destroying germs, this remarkable
system of disinfecting dries out pou:
try snd dairy houses In wet weather.
LAKE PICTURE WILL
Request hu come to th Crater
Lake National Park Servlc from the
American Art Work of Coshocton.
Ohio, for an attractive view of Cra
ter Lake to be need In a pamphlet to
b entitled "America, tfie Beautiful."
Crater Lake has been chosen as
Oregon' most beautiful contribution
to national scenery and a large photograph-of
the lake, allowing Wlenrd
Ul&nd and phantom ehlp, will be
aent to the Ohio organization.
LAST YEAR'S FIGURES
Tax collections at the sheriff's of
fice are now running about the same
as last year 4S000 to $7000 per day
according to the sheriff office. The
flnsl date for half-year payment Is
May a. a week from next Friday. The
payments are about evenly divided
between receipt In person and by
Jll-M. - I':! ft t'-- r",-i'lr t"v
yet made their liaif-ycai pa, menu.
None seldom do until the final day,
COUPLE TIGHT
L
Former Editor Spends Rest
less Night After Confab
With Counsel Two-Ply
Defense Now Rumored.
Tension of waiting for their trial
at Eugene Monday, on a flrat degree
murder oharge, for the slaying March
10 last of Constable George J. Pres-
cott, haa started to tell upon both
L. A. Banks, agitator and former edl
tor and orchardiat and bis wife, Edith
Robertlne Banks.
Banks spent a sleepless night last
night, according to Jail attendant.
Yesterday he had a three-hour con
ference In hla ceil with hla counsel
snd devoted all his waking momenta
to studying his own defense plans.
Mrs. Banks, according to her keep-
era, haa started to lose the cheerful
confidence of the early days of her
Incarceration, despite the purchase of
two new hat, lor wear during the
trial.
Draw Venire Saturday
Circuit Judge George F. Sklpvorth,
who will hear the trial at Eugene,
has ordered the drawing of a special
Lane county Jury venire, to report
Aionciay zor tne trial,
The drawing will probably take
place Saturday morning, in the prea-
ence of counsel for both sides, and
under the direction of the court. The
preaent Jury list was excused yester
day from further service, according
to reports irom Eugene.
Selection of a Jury to decide the
fate of the accused pair, -is not ex
pected to require over a day and a
naix.
. No Inkling has been forthcoming
as to tne nature oi tne derense, but
it la hinted It will be a "two-ply,"
based upon self-defense and Insanity,
and that three witnesses will be In
troduced to allege that the slain offi
cer made threat against the slayer.
The state haa witnesses to refute
this claim.
Must Be Really Insane
In an Insanity defense, under the
Oregon law, the burden of the proof
rests with the defense, and It must
be beyond a reasonable doubt. To be
legally Insane, In thla state, a defen
dant must be unable to distinguish
uctweea rignt ana wrong.
ins stste win contend that Bank
wa rational before and after the
killing, that he dictated Intelligible
letters, and transacted business un to
a few minutes before the murder. Ills
statement, when arrested, claiming
Justification, with the atatement.
that "I (hot him the same as I would
any other burglar, and would do It
again." The state will also contend
that "exaggerated ego," 'morbid nro-
pensltles," "delusions of grandeur,"
ana 'tendencies to utter homicidal
threats and bo:as,u do not comDrlse
Insanity, under the legal doscrlntlon
of the term.
Law Uacks Prescott
Documentary evidence of the state
will Include photographs and mapa
of the murder house, letters written
by Banks, and the Indictment for
ballot theft, and the blood-soaked
warrant Constable Prescott held for
service when murdered. The state
will also hold that Constable Prescott
as a duly elected, qualified, and act
ing officer of the law, and posaessed
of a legal process was within hla
right and duties, whatever may have
been the attitude of Banks towards
Its service.
Mrs, Banks appears a an accessory
to the murder, and the law makes no
distinction from the actual alayer,
f
Meteorological Report
April 26, 1033.
Forecast.
Medford and vicinity:- Fair tonight
and Thursday: warmer Thursday.
Oregon: Fair tonight and Thurs
day; warmer in Interior Thursday.
- Loral Data.
Ixweat temperature this morning.
43 degrees.
Temperature a year ago today:
Highest, 48: lowest, 40.
Total precipitation alnce Septem
ber 1, 1632, 13.37 Inches.
Relative humidity at 5 a. m. yes
terday, 80; s a. m. today. 80.
Sunset today, 7:04 p. m.
Sunrise tomorrow, 5:13 a. m.
Sunset tomorrow, 7:05 p. m.
OruemiHon Taken at 5 a. m.,
120 Meridian Time.
- ft
Boston ,,, i
Cheyenne wnwH
Chicago
Eureka
Helena ...
Los Angeles .
M3DFORD
. 70
. 43
. 60
. 70
, 0
. 53
Cloudy
Cloud
P. Cdy.
Clear
P. Cdy.
Rain
Cloudy
Cloudy
Cloudv
Cloudy
Clear
P. Cdy.
Cloudv
P. Cdy.
Cloudy
Cloudy
Clear
Cloud
Clear
New Orleans...... 8
New York 63
Omaha 09
Phoenix 78
Portland . 88
Reno 80
Rose-burg 88
Salt Lake 88
San Francisco . 84
Spokane 68
Wa .a Walla 88
Washington. DC. 70
MATRON'S SILK DRESSES In goon
styles and color. Sin 38 to 80. Very
specie) at 83DS & ,4 05. The Band!
Box Ai Shoe Box. j
We Devolop
FREE
FILMS
floral
i , , tua-tw
I1 I 1 -"iinu-rtiiror. simwV ,fl n,iw' Ud
Exploring car of the Oregon ptate Motor association and Oregon lan, which will be used In logging
beauty spots and tourist attraction! of Oregon and Washington In the tourist expansion program recently
Inaugurated. Inset, upper right, Edward M. Miller, Oregonlan staff writer;-lower left, Ray Conway, public
relations agent of Oregon State Motor association.
PT. GRANGE
ENJOYS PROGRAM
EAGLE PT.
CENTRAL POINT, April 28. (flpl)
Grange opened Friday night with
a brief but complete business ses
sion, following which Eagle Point
Orange, under direction of Mrs. Da-
vies, gave a fine program, the out
standing feature being several musi
cal numbers by the "Slnkopatera
band," Including songs and melo
dies composed by Stephen O. Fos
ter, a history of whose achievements
was previously given by Mrs. Harry
Ward.
A play, "Back Fence Neighbors,"
was greatly enjoyed, also a solo by
Miss Tingles f. At the close of the
program brief speeches . were made
by Worthy Master W. E. Davles and
Harry Ward, both of Eagle Point
Orange, Henry Conger of 'Jackson
ville and other visitor of whom
there were forty-four from - Eagle
Point and two from Jacksonville.
Eight applications for membership
In Central Point Orange were read
by the secretary, to be voted on at
next regular meeting, May flth.
Refreshments were served after
the Orand March, by the H. E. O.
committee. There will be a dance
at the Orange hall Saturday night,
April 20.
A minimum charge will be made.
Unemployed Meet
Thursday Evening
Regular meeting of Medford Asso
ciation of the Unemployed will be
held at the courthouse auditorium,
starting at 7:30. Thursday evening.
According to the announcement ot
the meeting, there are several im
portant projects under way for the
betterment of the unemployed, and
good attendance la desired for fur
ther dlsousslon and planning In re
gard to these matters.
Largest Showing
BEAUTIFUL MOHAIR
Davenport Sets
You'll be delighted with
sets which are priced
everyone . , . Eight
here for your selection
$49.50 $59.50 $69.50 up to $100
PAY
Genuine Homespun tapestry davenport sets
especially well made and the astonishingly
low prices are as low as . , .
eaJr - m
d V ..... wtvis . .- u -5
II ri -a-is" fjt
Pomona Grange
, (By Gertrude Haak.
The Pomona Orange, meeting at
Wlmer In it regular all-day session,
had a very pleasant and Interesting
day with Enterprise Orange as host.
There was a good attendance consid
ering the time of the year and the
long distance to be traveled.
Fie porta from the many subordinate
Oranges In the county show that
they are holding their own In spite
of the hard times, with much Inter
esting work being accomplished by
them. Many report active committee
work, agricultural and home eco
nomics committees and Juvenile
Orange work -hold the center of at
tention. . '
Tne Pomona home economics com
mittee, headed by Mrs. Victor Bur
sell, sponsored a resolution which
was aent to all Oranges, which agreed
to buy only home grown and home
processed products when procurable
In our markets. These resolutions
received a heavy signature.
A Wholesale farm produce market
la being worked out by the agricul
tural committee, which It la believed
will care for the sale of a lot of local
produce.
The committee on education touch
ed on several phases of the new school
measures.
Tne oleo bill on Which the people
of Oregon will vote next July, and
whloh carries a four per cent tax on
oleo, wa endorsed by the Pomona.
The Chamber of Commerce was
commended for Its action in regard
to the new meat and milk ordin
ance. -
The by-laws were amended to
change the regular meetings from
four all-day quarterly meetings to
four all-day quarterly meetings and
four evening meetings, the evening
meetings to come half-way between
the all-day meetings. It Is believed
that this will increase, attendance
and the membership of the Pomona
Orange, as many cannot attend the
all-day meetings.
A most bountiful dinner was serv
ed by the Enterprise Orange ladles,
of Davenport Sets in
these smart Mohair
Mohair
: $4.g
within the means
Attractive pattern!
...
AS YOU
'fl i in I- il
NEXT FRIDAY EVENING
Members, of the Jacksonville Orange
will celebrate the fifth anniversary
of the Orange with a birthday party
Friday evening, April 28th, beginning
with a dinner at 7:00 o'clock. Ex
tensive plans are being made by the
various committees such an occas
ion warranting a large attendance of
Orange members.
Visiting Grangers are welcome to
the party which will begin about
0:00 o'clock. A full evening of fun
and pleasure Is being anticipated.
On account of limited accommoda
tions the banquet will be for local
Orange members only.
A program of birthday toasts and
fun making Is being arranged which
will be given at the table. Mem
bers are reminded that birthday
gifts to the Orange are optional. If
one oares to give It will be appreci
ated; those that cannot will be Just
as welcome. The birthday cake will
be' baked by Mrs. Anna Hartley.
to which, needless to say, all did Jus
tice The lecture hour was particularly
Interesting, and Included several as
sembly songs led by Frank Hansen
a human Interest play by Eagle Point
Grangers, a humorous farce by Phoe
nix Grangers, piano solo by Mr. Dot
othy Loffer, vocal solos by Frank
Hantren, readings by Daisy Ferrell and
a vtoltn solo by Hiram Moore.
An evening session of the Pomonh
was held Saturday evening at the
Central Point Orange hall to exem
plify the degree of Pomona which wa?
conferred on a large class of candi
dates. Dancing was enjoyed after
ward.
Inquire about our new 5 percent
and 10 percent CASH discount on all
purchases. .
Ethel wyn B,. Hoffmann .
Southern Oregon
USE!
Watch
For The
Big Day
May 6
II I
nil
$325o
Clarion Call of Rare
Toad Delights Savants
NEW HAVEN, Oonn., April 2S.
(AP) When the hermit Spareloot.
the elusive toad with eyea like gold
and a call like the wall of a spoiled
child, suddenly appeared In Anaonla,
It was a source ot woe to everyone In
the neighborhood.
"Why, the noise was like the blast
of a steam whistle, said one sleep
less lAnsonlan. "It was a deafening,
agonizing roar, hoarse and woeful,"
asserted another.
But for Yale scientist the visita
tion was a cause for celebration. "The
plain fact," aald Dr. Stanley C Bali,
curator of zoology at Peabody mu
seum, "Is that here la a toad I .have
been aeeklng for 25 years and I never
saw one before. '
"Where It will turn up next Is a
mystery. The first ones were seen
HIGH DRAMATIC CLUB
TO GIVE 10 PLAYS
ft
. By John Snider
Many high school students ars
anxiously awaiting the dramatic club
presentation of -two one act plays.
"Rosalie," by Max Maurle, and "Mrs.
Oakley's Telephone," by Eulora M.
Jennings, at a special benefit as
sembly for the band -debate fund;
April 27 at one o'clock.
The plot of "Mrs. Oakley's Tele
phone" concerns complications that
arise from telephone conversations,
while "Rosalie1 Is a one act farce
which presents the same old story
of a French bourgolse family at
tempting to live beyond their means
in order to create an Impression for
a guest.
The cast of Mrs. Oakley's Telephone
Is composed of Suzette Btennett. who
plays the role of Mary the cook;
Mildred Drury. Emma the maid;
Barbara Wall, Mrs. Oakley; and
Helen McAllister, Constance.
Cast of 'Rosalle,, Is made up of
Dick Sleeter, who plays Monsieur
Bob; Doris Patton, Mesdame Bol; and
Evelyn Herman, the maid.
A slight charge will be made.
Oregon Weather.
Pair tonight and Thursday: warm
er Interior Thursday; moderate north
and northwest winds offshore.
4
MONMOUTH, April 28. (TV-Ma
festivities at the Oregon Normal
school here will be ruled by Ml
Vlrg'nia Lei ten of Dallas, who was
elected queen.
such a
mum
The Biggest $ Day
in Years at Mann's.
Watch for $ Day
Ad in This Paper
For
Wiring or
Repairing
MEDFORD ELECTRIC
R. M. Bl'SH. Owner
Basement, Medford Bltlg.
III!
rwn
Call 90
In the south. They ha been seen
and heard In all the Atlantic
statea from Massachusetts to Flori
da. In the Oulf ststes, and North
Arkansas."
Ansonlans were first roused by the
clamor In Hotchklaa pond a fortnight
ago. For a week they endured It.
Finally, In desperation, they called In
the scientist.
The elusive creatures vanished aft-
th KHoni.tx1 vi.lt. but not before
several had been captured and some
of their eggs discovered.
"This episode la particularly Inter
esting." Dr. Hall said "because the
spadefoot appeared in great numbers
in a city where he had never ap
peared before. How he got there, and
where he disappeared to remains a
mystery."
EXPERT ON X-RAY
Actlvlans at their regular meeting
at the Hotel Medford Tuesday night
were entertained, by Dr. E. W. Shock
ley who gave an Illustrated lecture
on the science of X-ray treatment.
Dr. Shockley discussed various cases
snd the treatment required.
At last night's meeting members
discussed the possibility of securing
the Active international convention
for 1934, and plans were made to
present the motion at the interna
tional convention this summer.
President McAllister appointed
John Neidermeyer to represent the
Active club on the welfare commit
tee. Harold Larsen announced that
there will be a club dance soon, a
definite date to be decided on In a
few days.
.4
Phone 642. well nam away your
refuse. City Sanitary Service.
Cast Aluminum
Special
THIS WEEK
ALUMINUM SKILLET
10 inch, heavy cast. . . ..... .
DUTCH OVEN ' ...
Cast aluminum
CORN CAKE PAN
Cast aluminum . .-. .......
SKILLET
, Bacon and Egg Skillet ... .
TRIPLICATE SET
2 qt. size -.-
HOT CAKE GRIDDLE
10 inch cast aluminum .
HuhMB
E. Main 'and Riverside. Since 1884
ii . -if r;
taHii
Faster than any other sleeper service
Linking- Medford with California by a through,
fast, de luxe sleeper service, Greyhound's
luxuriously appointed New NltcCoaches pro
vide comfortable accommodations at astonish
ingly low cost. Only one night Is spent en
route and no changing of cars Is necessary.
Each NlteCoach contains five roomy compart
ments, each with one large double berth and
three commodious single berts. Each compart
ment contains a washbasin, mirror, portable
table, and radio.
These NlteCoachea have two lavatories and a
special women's lounge. The berths, made up
from the daytime lounges, run across the car
n continental style.
These NlteCoaches provide a new conception
of low-coat night travel. Try them on your
next trip.
BERTH , Slnrlr Ilnul.le
Pan Franrl.co SI.AO $.oo
Los Angela. 2.00 2.5(1
I.t. Medford 11 :19 p.m.
Ar. San KmncUrn . l :?o p.m.
Lt. Meilfnnl , , p
Ar. Lo.. Angeles n:j0 p.m.
DFTOT
Hotel Jackon
. Thone 309
W. M.
Clemrnson
Agent
ROBERT LA FOLLETTES
GREET 7 POUND SON
WASHINGTON. April 2S. (AP)
A son was born to Mrs. Robert La
Follette, wife of the aenator from
Wisconsin. The weight was seven
pounds, fourteen ounces; and moth
er and child were reported at Oar
field hospital to be. doing well.
TONITE
Oriental Gardens
-inm liriilVli-t!p '"sBOTii
25 m.
You (ova In wins;
It. Use only half a
rmrch as Is require!
of some) others. -
Double Action f
79c
.,$1.29
49c
. ... .59c
. .$4.79
. . . ..49c
ros.lnc.
Tew Through
NITECOACH ,
SLEEPER
SERVICE
TO
SOUTHERN
CALIFORNIA
Begins
MAY 1
ROSESUftGC
P$SC
DBUFf
WCOrXANOC
L041W61LIS
fryvr--t-
Mop Shewing
NiltCoech Ssrvua
owisjct. OiiSVS