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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (May 5, 1933)
PAGE TWO MEDFORD MAIL TRIBUNE. MEDFOR1). OREGON, FRIDAY, MAY 5, 1933. E BILL EXPLAINED BY R. G. FOWLER Move to Lift Heavy Interest , Burden From Farmer's Back Based On Issue of Two Billions in Bonds KM ED Broadcast Schedule 'There 1 conlaerabe interest In the farm mortgage bill recently paw ed by the bouse of representative," aal4 county Agent R. O. Fowler to day. 'The purpose of the bill Is to give effect to the recommendations of president Kooseven, urging ment of legislation to relieve farm' r' burdens of mortgage Indebted' nea. Following la an analysis of the bill." . . The bill provides for a consolid ated Issue of Federal Land bank bonds. In an amount not to exceed two billion dollars. The bonds are t be a lolnt obligation of all the 13 Federal Land banks and are to bear Interest not to exceed four per cent. Payment of Interest on the bonds Is to be guaranteed by the treasury. -' Tn Exchange Bonds. The Federal Land banka will have authority to s" b'inge these bonds for approved ft ." mortgages on rarm nronerty. or te purchase such mort gages, but the v lue of the bonds to be exchanged ior, or wie purcnoi price of any mortgage shall not ex ceed the face of the mortgage, nor hall It exceed so per cent or m normal, value; of the land mortgaged, plus 30 per cent of the value of the permanent lnaured Improvements. - The bill fixes a time limit of two year In which these Interest-guaranteed bonds may be Issued. The In terest rate on existing mortgage loans made through national farm loan as sociations by tine Federal Land banks and those made within two years after passage of the act, can not ex ceed 414 per cent, and provision Is made for reducing payments on mort gages now held by the Federal Land banks to the same rate, but where loans are made direct by he Federal Land banks, and not through a farm loan association, It la to be one-half of one per cent greater. May Defer Interest. Fifteen million dollars Is author, iaed to be appropriated to cover the loss to the Federal Land banks caus ed by reduction In the mortgage In terest rate. The eecrtary of the treas ury is authorised to subscribe 00 mil lion dollars to the paid-in surplii of the Federal Land banks, on approval of the farm loan commissioner, this urn conetltuting a loan which will permit . the banka to defer for five year amortisation payment and to decrease or postpone Interest pay ment due from farmer borrowers whort are unable to meet them. .' Th effect of the above provision Is to permit a farmer to keep h,ls Fed eral Land bank mortgage In good standing with total annual payments of only 414 per cent a against pres ent paymente, Including amortisation, of an aversge of ,614 per cent, and t offer opportunity for further re ductions In cases of extreme need. , " It Is hoped that other credit agen cies holding farm mortgages will as a result of the passage of the bill olfer similar lenient terms during the emergency to their larmer borrowers. Direct Loans Possible, There la also provision for special loans to be made by the farm loan commissioner direct to farmers on the security of first or second mort gage on land, chattels or crops. The mount of any such Individual loan 1a not to exceed five thousand dol lars and It must not amount to more than 15 per cent of the normal value of the property pledged as security. Th interest rate of these Individual loan la to be five per cent and they are to be amortized In 10 years. One of the purpose of this provision Is to permit farmer to regain posses sion of farm home lost through foreclosure within the last yeoi. The Reconstruction Finance corporation 1 authorised to advance two hundred million dollars to the farm loan com missioner for this purpose. The bill contains .provisions for the orderly liquidation of the Joint Stock Land banka. After the date of the passage of the act they are forbidden to issue any tax exempt bonds, or to make any farm loana except those Incidental to refinancing existing loana or bond Issues, or to the sale of real estate. R. P. C. Fund AvnllaMe. The Joint Stock Land banks would he permitted, under the bill, to bor row up to a total of one hundred million dollars out of Reconstruction Finance corporation funds, to be plac ed at the disposal of the farm loan commissioner, on the security of mortgage held by the Joint Stock toank. but the amount of any loan la not to exceed 60 per cent of the normal value of the farms covered by the mortgsges so pledged. A con dition of such loans Is that the Joint Stock Land banka shall agree to re duce to ( per cent the Interest charg ed on their mortgage and a further condition 1 that tliey ahall agree not to foreclose any mortgages unless the property 1 abandoned, or foreclosure 1 neoessary for other reasons In the opinion of th farm loan commis sioner. There 1 an added provision In the bill for loans by the Reconstruction Flnano corporation In an- amount not to exceed fifty mllilo dollara to drainage, levee, Irrigation and similar districts to permit them to refinance outstanding indebtedness. Saturday. 8:00 Breakfast News, Mall Tribune 8:06 Musical Clock. 8:14 A Peerless Parade. 8:30 Shopping Guide. 0:00 Friendship Circle Hour. 9:80 Musical Notes. 9:45 Morning Melody. 10:00 TJ. S. Frost Forecast. 10:00 Schubert' Love Songs. 10:30 Morning Comments, 10:49 Quartettes Parade, 11:00 Neapolitan NlghU. ... 11:19 Martial Music. 11:80 Song and Comedy. 12:00 When It's Springtime in the Rockies -13:18 yroll Parade. 13:30 News Flashes, Mall Tribune. 12:30 Virginia Pick, Piano Soloist. 13 :46 Vignettes. 1:00 Patriotic Program. 1:1S Varieties. 1:30 Grant Pas Hour. 1 :45 Interlude. 3:00-r-Dance Matinee. 3:00 Song and Comedy. 3:30 KMED Program Review. 3:38 Music of Old. 3:45 -siesta Hour. 4:00 Across the Sea. 4 :30 Masterworka. 6:00 Popular Parade. 6:48 News Digest, Mall Tribune. 6:00 Medford Theater Ouide. 8:05 Andy Slough. 6:30 Dinner Dance Music. 7:00 Reveries. 7:30 Eventide. 8:00 TJ. S. Frost Forecast. f- AMAGE SUIT C. E. Gates yesterday filed answer In circuit court to the complaint by Jesse Walton, asking $16,570 damages for Injuries received last July when a car belonging to the Dates Auto company, and driven by Ralph Dins more, turned over on the Butte rails highway, badly injuring Walton. Oates charged In the reply that Dlnsmore had driven the car beyond the distance that R. M. Miller, car salesman, had given him permission to drive It, and therefore the Gates Auto company wa nob liable for In juries received by Walton In the wreck. The reply also charged that Walton made no effort to atop Dlnsmore from driving the car at a dangerous speed. F APPLEGATE CAMP SITE IS SURVEYED Capt. J. M. Btowart of Vancouver Barrack, In company with forest ser vice official, left thla morning; for Beattl Bar, at the head of Big Apple- gate, where Captain Stewart will In spect the forest campsite there pre paratory to the establishment of the first reforestation army camp m Ore gon, in he near future. Captain Stewart will leave tonight for Eugene, where he will Inspect a second site, to return later to Jack son couny for further inspection. Eleven campsites will be Inspected by Captain Stewart and will be In spected for transportation facilities, sanitation, water and other elements that are necessary for the establish ment of a camp with 236 men In It. About 300 unemployed workers will be detailed to each camp. Captain Stewart said, with officers, forest service foremen, doctors, cooks and other overhead making up the re maining 36. Eight hundred men are now sta tioned at Vancouver Barracks, sea soned and ready to enter the camps. The camp at Seattle Bar will be the first to be esabllshed In Oregon, but will be followed soon by camps In bhe Vicinity of Crater Lake, Some of the camps will be "canvas camps," Captain Stewart aald, and some will have buildings erected, de pending on the altitude, and whether they will be year-round or Just six months camps. Med ford's quota for the first camp will be about 66, It is understood now, with the 65 being selected from men already registered at the county relief headquarters. Each applicant Is being lnvestlgtaed and those most In need of work are being given pref erence. Officials are anxious to get the camps started as soon as possible, Captain Stewart said, so & complete season's work can be enjoyed. Evangelist Tells Missionary Work Experience Tonight (Contributed.) One of the most Interesting ser mons of the evangelistic meetings In progress at the Christian church, con ducted by Teddy Leavltt, la tonight's subject, "Personal experiences In mission work on the Inside passage to Alaska, logging camps and out-of-way places." Teddy will tell of turning pool halls into churches, con verting lumberjacks, prize fighters, and winning 6,000 to God. The Saturday night subject will be, "Choked to Death by the Devil." Sunday morning, "The Family of God": evening, "Christ at the Door." Teddy knows Ood, men and the bible, hates sin but loves sinners. Hear him and be convinced. Special music and congregational singing every evening, week days at 7:30, Sunday 8 p. m. Don't extend credit to Mr. New Customer until you - find out from the Southern Oregon Credit Bureau how he paid the other fellows. Real estate or insurance Leave It to Jones. Phone 796. SHE ATE ALL-BRAN TWELVE YEARS WITH FINE RESULTS Delicious Cereal Relieves Constipation Read thla very enthusiastic letter : "Something like eleven or twelve years ago, I began eating Kellogg's All-Bean. When I started, it was called simply Kellogg's Bran, and I believe it was one of the first prod ucts of the kind on the market. "My friends often laugh at my fondness for All-Bran. It gives such a clean taste in the mouth, and I do not feel satisfied until I have had my All-Bran, "If the Kellogg Company ehould ever stop manufacturing All-Bran, here is one who would be greatly disappointed." Miss Amy Person, University Park, Iowa. Science says that All-Bran pro vides "bulk" to exercise the intes tines, and vitamin B to further aid regularity. Also iron for the blood. The "bulk" in All-Bran" is much' like that of leafy vegetables. How much safer than taking patent medicines often harmful. Just eat two tablespoonfuls daily for most types of constipation. For serious cases, try it three times daily. If not relieved this way, see your doctor. Sold In the red-and-green pack age. At all grocers. Made by Kellogg in Battle Creek. 25o ' Blue Jay Corn Pads 15c WESTERN THRIFT STORE 125 E. 6th 8t. (Next Wurts Gift Shop) WKSTEKN TIIIUFT Whisk Brooms Vutomobilo Bize 19c WKSTKKN THRIFT 60o Prophylaotio Tooth Brush 36c A QUESTION Do you want to continue to buy standard mer chandise at modern cut prices, or again pay the prices you have had to pay before we opened this store? We are not associated with, nor controlled by, any drug store In Medford. We are entirely Independent and establish our prices on a basts that shows us a small profit and you a real saving. We do not attempt to sell a lot of lenders at a low to bring you Into our store and make up tills loss un other Items. Every price Is a cut price at Western Thrift. We save you from 10c to SOc on each dollar you spend here. Mrdford's Original Cut Price Store. 1 Quart U. S. P. Milk of Magnesia 37c WESTERN THUIET 1 Quart Heavy U, S, P. Russian Mineral Oil 49c WESTERN THRIFT WESTERN THRIFT " Bo Hershey Bars 3forlOCi WESTERN THRIFT Extra Program For Bible Class (Contributed.) tn sortition to the (pec!:! rsus!;. for mn and th tinging ot good old gospel songs, ,ln which vry mtn takes part us h did at th old bom church, and the talk by W. R, Blrd, who understand and lores men. Teddr" Leavltt will give a 10-mln-ute pep talk to the Everyman's Bible das at the courthouse auditorium Sunday at t:0 a m. This service will bi a. treat for men and young M New I Skour Pak Steel Wool Scouring Brush 10c WESTERN THRIFT Ephcdrlne Inhalant 1 OS. 59, WESTERN THRIFT 1 Pint Imported Bay Rum 39c WESTERN THRIFT lPint Pure Norwegian Cod Liver Oil 49c WESTERN THRIFT Davol guaranteed Hot Water Bottles Saturday onlj 39c 1 gal. heavy Mineral Oil $ 1 .48 (Russian) SOc Phillips Milk of Magnesia yjc 1 pt. Squibb Liquid Petrolatum 63 c 15c Putnam Dye J0c $1.50 Agralax 59 c 4 oz. Squibb 10-D Cod Liver Oil mint flavor 63 C Imported French Baby Castile Soap 3C i ok. Senna Leaves 1 5c i ot. Pure Castor Oil 7c Clover Club Talc JQC Squibb Talc, assorted Jq Vaginal Douche Syringe 49 c Kotex, Improved Phantom J5C Flashlight Cells 5C Cutex Hand Creme 37c 25c Infants' Glycerin Supposi tories . 17c Baume Analgesique 31c (Genuine French formal) $1.00 Saccharine Tablets 7c $2,00 3. S. S. Tonic $1.47 Jig Saw Puzzles 9C 100 sheets Typewriter Paper JQC 25c Citrate of Magnesia Sc fT I -v $1.25 Tanlao 1 98c I WESTERN THRIFT 25o Kleenex 16c WESTERN THRIFT Cigarettes Camel Chesterfield Vv Old Gold Lucky Strike 10c WESTERN TliniFT Toilot Tissue Rainier Brand 4 for 17c WESTERN THRIFT Model Tobacco 3 20c WESTERN THRIFT fi lbs. U. S. P. Epsom Salts 23c , WESTERN THRIFT Psyllium Seed Evenized and Triple Cleaned Black Pull Pound 25c OE301 locaoi THE HOME OF BREAD LIKE MOTHER MADE THE CHILDREN o The Men and Women of Tomorrow TODAY throughout America thousands of patriotic women are uniting in their efforts to impress all with the necessity of pure and whole some foods of the right kind for children. Healthy children mean a happier and better America, for the children of today are the fathers and mothers of tomorrow. Healthy people are ' happy people and happy people are usually prosperous. We are glad to contribute in our small way to this nation-wide effort, for it serves to emphasize our oft-repeated statement: "Food means good or bad health and good food is cheaper than medicine." We have ever sensed the grave responsibility of feeding your family. That is why we have put the finest of foods within reach of all why we have made it possible for you to save without sacrificing quality or health. That is why we spend more to bake without alum-bearing substitutes why we use the Betty Crocker formulas and home ingredients in all rolls and pastry why we spare no effort or expense to insure purity. Truly "It costs no more to be sure of quality!" BAKERY GOODS Safer for your children, because baked without alum-bearing substitutes. BREAD lib: loaf.. 3forl3 lVa.lb.loaf Sfor 13 CAKES Betty Crocker home quality cakes, six kinds, two sizes 23, 39 COOKIES Any kind or assorted 2 doz. 19 Butter Rolls, dozen 13 FOR BABY Fresh Fruits and Vegetables of all Kinds. Gerber's Prepared Vegetables, choice, can 10 Tomato Juice, Del Rogue, buffet can 5; No. 1 tall can 3 for 23 Eagle Brand Milk, can 19 Campbell's Soups 2 cans 150 Sperry's Farina, pkg 100 Wheat Hearts, pkg 120 Cream pi Wheat, large pkg 220 V OTHER THRIFT ITEMS California blended wine grape juice, unfermeated Port, Burgundy, Sau. terne, Muscatel a fine beverage for home consumption- that improves with age. (4 QQ Gallon jug J I Ol3 Snowdrift Shortening QQm 3 lb. can 03U Wesson Oil Gallon can . 93c Crisco a fine all purpose A "J shortening. 3 lb. can r I w Syrup Amaizo Golden 07f 5 lb. can - Gil Tree Tea Green Japan CCa 1 lb, 39fr; Orange Pekoe U3U Sardines North Star Imported Norwegian, in olive oil. OCa 1 cans CUU Hershey 's Cocoa Vi lb. 90. Lb Limburger Cheese More of that fine quality Limburger.- OC Per brick CvV Green Beans Siskiyou 9Kf brand No. 2 can, 3 f .... fcWw Pork and Beans Van Camp's, 16 oz. . Corn Del Monte Whole Kernel or Creamed White or Golden OE Bantam, No. 2 cans, 2 for.... CwC 17c 5c ' Pineapple Primio Brand No. 10 can contents Sli lbs. 07 Per can O I V Case of 6 cans, $2.05 Pineapple Crushed Hunt's Su preme quality. No, 2 can. 99m 3 for . COG Hominy Van Camp's 9 Eft No. V, (large can) 3 fpr s-!JI Mayonnaise and Salad Dressing Durkee's 1 pint of mayonnaise and a large bottle of Durkee's QO old fashioned dressing OOG Coffee 2-MOR-U Finest and the freshest of all coffees. QQn Lb. 280 3 lb OOC Jap Rose Soap a pure 9Cf glycerine soap 4 bars C3C P. and G. Laundry Soap Soaps will be higher as prices have already ad vanced 9ff 10 bars Case of 100 bars, $2.39 Bob White Laundry Soap 10 bars Caseof 100 bars $2.13 0. K. Soap A 1-lb. bar of yellow soap for that real dirty dirt 9Ci 8 bars WC Dash Get the free Jig Saw Puzzle. B-lb. pkg. of fine granulated Q7 ... w I W soap and the puzzle.. Flour Hard wheat 990; White Rose - Mapleleaf, $1.14 Paint Certainteed for interior or exterior use. Special closeout of some colors. CQ Quart can Weathershield Paint Close out of discontinued colors. 9 Of Quart can www 0 'Cedar Polish 25c size ...... Fabricoid Luncheon Set 5 pieces 19c 19c Vegetable refresher for your refrig erator choice of green or QQA ivory 90C Stone Jars 6 gallon J 4 Q family size 91.19 Grape Fruit Arizona desert sweet 5c Oranges Sunkist family Qg ze. 2 dozen. Ow C Beets or Turnip; 3 bunches 10c CLEARANCE SALE of Enameled Sauce Pans Mixing Bowls Pudding Pans Convex Kettles Aluminum Sauce Pans Some regularly marked to sell as high as 69c Your choice. . .,.,.,.,.. .19c Turkey Dinner served from i 11 a. m. to 7:30 p. m...... ,25c Milk Shakes All flavors ' Sc. 2 for 15c Cake a la mode. . . 10c Tomato Juice glass ;. . .5c sties c& Ly $IaiI 6th at Central SAVING WITHOUT SELF-DENIAL Delivery of $1.00 Orders. Phone, East Side 752, West Side 428. 30 D O D o o II o o n o D o o II o o n o o D o o 11 o o D o o D o PaQCiP! ,,. ,! 0110,1 oaoc3onor-
