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
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PaQCiP! ,,. ,! 0110,1 oaoc3onor-