Medford mail tribune. (Medford, Or.) 1909-1989, May 29, 1933, Image 1

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Medford mail tribune., May 29, 1933, Page 1, Image 1

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Newspaper Page TextHousewives Invited to Enjoy Cooking School May 31, June 1-2 The Weather Forecast: Cloudy tonight and Tues day; cooler Tuesday. Temperature: Highest yesterday Si Lowest this morning 4B Medford M A growing circulation The circulation of the Mall Tribune li growing rapidly. Hundred! of new readers hate been added tn the paat few monuha. Paid-up circulation ta the Kind that pays Ad. dividend. Twenty-eighth Year MEDFOKD, OKEGON, MONDAY, MAY 29, 1933. No. 58. AIL TRIM" m banks 1 Comment on the Day 's News By FRANK JENKINS. WJRIVILEGED PURCHASERS" were permitted by the house of Mor gan to buy stocks at a special low price. These privileged purchasers could then turn around and sell their stocks at an Immediate profit, or hold them for a larger profit Just aa they chose. The point la that they were per mitted to buy at leee than the mar ket. WHY? For an answer to that ques tion, look at the list of these special ly favored purchasers. It Included many famous names names, among others, of men who could grant fav ors, If they chose. One good turn, you know, deserves another. Permitting somebody to buy stocks at less than the market cer tainly rates as a good turn. BRIBES? Ho. you couldn't put It that way. Not a man In- all the published list would for even a moment con elder the taking of a bribe. But the purchase of securities at a special low price securities that could be sold Immediately at a high er price, thus realizing a quick pro fit WAS considered. Not only was It considered It was DONE. Human nature works In many cur ious ways. THE JUSTIFICATION for the stock market Is that It enables con cerns needing money for the expan sion of their business to get money. Since January 1, IMS, we read In yesterday's papers, the Morgan firm has sold more than SIX BILLION dollars In securities to the public. One wonders Just how much of that six billion dollars was dictated by the legitimate needs of Industry for expansion and how much of It was dictated by the desire to make mon ey by speculation rather than by operation, a, ND one wonders also, In the light of a lot that has happened. If the concerns Issuing this six billions In securities don't wish now they had never done such thing, but had gone on with their business at a more con servative pace as they would have had to do but for the speculative fa cilities provided by the stock market In other words. Is the stock mar ket, as it has been operated In the past, as much of a boon to Industry and commerce as we have been led to believe? The writer admits frankly that he can't answer that question. But he has an opinion. IMPORTANT news: The new banking bill known as the Glass-Stesgall bill which is expected to give us a practically new banking system, passes the senate. It had already passed the house. It goes back to the house now tor harmonizing of changes made by the senate. Then It will go to the pres ident. THE new bank bill, among many other features, includes INSUR ANCE of deposits. Just how that Is to be worked, this writer does not know, little has been given out In the way of details. Presumably. It means that greater assurance will be given the deposi tor thst he will get his money when he wants it. That will be Important. HHHB great need In this country. If 1 actual Improvement In business Is to be brought sbout, Is more credit so that those who WANT to do busi ness and think they have figured out a way to do business at some sort of profit, can get the money with which to operate. Credit Is based on bank deposits. Bank deposits track back to confi dence In the banks. Insurance of de posits will do much to restore the kind of confidence that will lead peo ple with money to PUT IT IN THE BANKS, where It will serve aa a basis of credit. That la why the new bank bill la Important. (Continued on Pago Three) Decision On Matter Rests With Doctor Appointed by Court' Declares Judge Skipworth of Lane County EUGENE, Ore., May 30. (AP) Physicians caring for L. A. Banks, awaiting life sentence for murder (If his motion for new trial Is not granted) say he will need an Immediate operation for an Inflamed prostate gland. He Is also suffering from a severe condition of nyrrohea and gen eral nervous and physical debil ity. EUGENE. May 29. (AP) L. A. Banks, stormy petrel of Jackson county politics and convicted in Lane county circuit court of second degree murder in connection with the slaying of Constable George Prescott the morning of March 16. may go under the surgeon's knife within a few days. It was announced today by his physician. Dr. OrvlUe Waller. Dr. Waller wan appointed by Judge G. P. Skipworth to take charge of Banks when the convicted man was sent to the hospital following the three weeks' trial here. Sentencing of the aged man must await action of his attorneys In flltng for a new trial. Judge Skipworth allowed 20 days for such action, the time being up June 10. Banks condition was as good aa could be expected today, his physician announced, but an operation appeared necessary. Judge Skipworth stated that any decision to operate rested with the physician. ! E SACRAMENTO, May 39. fP) Buck Fringe, half-breed Indian held In Jill here for Siskiyou county authorities, on charges of kidnaping, denied to day that he had kidnaped Mrs. B. V. Todorovlc. Fringe was arrested esrly Sunday In an auto camp In Yolo county on a tip that Mrs. Todorovlc had given. Fringe, a rejected aultor of the wo man who was married to Dr. B. V. Todorovlo in Lakevlew, Ore., May 11. said when he returned to Siskiyou county, he did not know that Mrs. Todorovlc had been married a sec end time. He had known her as Mrs. Irene Frotherlngham. "When the time comes I'll tell the whole story." said Fringe. "I've known her more then seven years snd we have always been friendly." GOLD HILL TRAMPLES Gold Hill baseball nine took the Jacksonville Miners to the cleaners on the Gold Hill diamond yesterday, 12-4. Errors and weak hitting kept the Miners from making a better showing against the fast Rogue river team and a ninth inning rally wts nipped in the bud. Two home runs with two men on in tbe eighth In ning put the game on Ice for the vic torious team. HOUSE PASSES GOLD CONTRACT ABROGATION WASHINGTON. May 39. (AP) The house late today passed the ad ministration's gold contract abroga tion measure. New Deal for Veterans Horrifies Congressmen WASHINGTON, May 30. flix republic in members of congress who served in the World war, including Senator Stelwer of Oregon, today sign ed a round Robin going on record against adjournment of congress "un til the president has reversed his po sition" with respect to reductions in allowances to service-connected vet eran cases under the national econ omy act. The other signer were Senatar Reed of Pennsylvania: Representative Fish of New York. S-ick of Pennsyl run!. Bolton of Ohio, and McOigin of Ksntav "Report trom every section of th War Declared After nearly a year of fighting In the disputed Gran Chaeo territory, Paraguay has declared war against Bolivia. President Euseblo Ayala signed the declaration. (Associated Presa Photo) L BILL PAYMENT IS The matter of whether Lane Jackson county will pay for the keep of L. A. Banks, convicted of second degree murder, for the murder of Constable George J. Prescott last March, while defying arrest on a bal- ot theft warrant, rests with the at torney general's office, county offlc ials said this morning. Banks went to a Eugene hospital last Monday. A physician appointed by the circuit court reported that the slayer was suffering from a "general breakdown," and threatened with a recurrence of an old lung trouble." Jackson county has been advised that the expense Is 95 per day for room rent. tl.SO for a special guard, who sleeps In the room with Banks, and 1 extra for medical services he may obtain. Banks has been In the hos pital a week today. The county court received the bills of alienists, state and defense, who testified at the trial, and cut the dally fee of $50 In two, making It 936 per day. Defense alienist testified that Banks was suffering from "transitory mania," which lasts from a "few sec onds to 30 minutes," but that he was now sane. State alienists testified that "transitory mania" had been dis carded by modern medicine as ft theory upon which to base Insanity. Attorneys for Banks were granted 30 days in which to file a motion for new trial last Monday. His sen tence and transfer to the state prison was generally supposed to be made when this was done. Legal opinions hold that sentence can be inflicted any time 48 hours after conviction. CANNERIES TO TALK UNIFORM PAY SCALE BALEM, May 29 (AP) Washing ton and Oregon state welfare com missions will hold a meeting in Portland Friday with the executive committee or the Oregon Cannery men's association to consider uni form wage schedules for women and minors. It was announced here to day. A tentative wage program waa prepared last Saturday but no defin ite action was taken. ATTEMPT TO SETTLE FISHERMEN'S - STRIKE ASTORIA, Ore.. May 39. (AP) A meeting of fish packers and delegates of the Columbia River Fishermen's union, with members of the state board of arbitration waa called for this afternoon In an attempt to settle ft fishermen's strike which since May 1 has kept several thousand fishermen from the river. country otx the effects of the presi dent's regulation under the author ity of the ftct of March 30th, show tr.e utter horror of this 'new deal' for disabled veterans." the round robin statement said. "All of u republicans who voted broad powers to the cblf executive did so in the sincere be lief that marked economies could be effected without doing grave injus tices to the disabled veteran. "However, the regulations under this authority were to drastic and in defensible that every senator and rep resentative in congress now ha books of nr!f!c caws tht unmistakaVy indlrrat the effect has been utter'.y brutal." EOF E WILL BE F President Tells Senate Bank ing Committee Wants Action Continue 'Without Limit' Has Confidence WASHINGTON. May 29. (AP) President Roosevelt told members of the senate banking committee; today he wanted their investigation of J. P. Morgan and company and other pri vate bankers to be pushed forward "without limit." In an official source it was as serted the president, "renewed his ex pression of desire to have the investi gation go through without limit and indicated his complete confidence in the committee." Satisfied With Pecora. Members of the committee said they regarded this as an indication that the president was satisfied with the manner in which Ferdinand Pe cora. committee counsel, hp been conducting the Investigation At the beginning of the liv lega tion Into private bankers. Piesldent Roosevelt gave the committee hla backing and urged that the inquiry be a thorough one. As a matter of fact, it was said today In an Informed quarter, the president suggested to the committee at that time that its activities be turned toward the private bankers, Talked With woodin. Hla present expression of confidence came after he had spent a week end down the Potomac with Secretary Woodin, during which they discussed the inclusion of ..Woodin's name in the list of special client who obtained stock from the Morgan house at bar gain prices. On his return to Washington last night Woodin told newspaper men he was not restgnlng. Senator Glass CD., Va.) a member of the committee who has criticized Pe cora's couduct of the inquiry, said today he had received a letter threat ening his "assassination" because of hla attitude In questioning the com mittee counsel's tactics and demand, lng to know the course of the In quiry. Glass told reporters that at tomor row's committee meeting he would ask for a showdown on the Investi gation. 4 WASHINGTON, May 39. (AP) A seventeen per cent gain In farm prices from April 1ft to May 15 was reported today by the bureau of ag ricultural economics. The rise was the largest for any month alnce April, 1919. during the post-war "boom." Grains led all major commodities in the rise while woo) made the most striking advance for a single commodity advancing 76 per cent during the month, the bu reau said. EIGHT STATES VOTE FOR PROW REPEAL WASHINGTON, May 39. (AP Eight states thus far have voted for repeal of the Eighteenth amendment. And, under present plans, a total of 33 will have recorded a decision by Nov mber 7 on whether they wish to continue the amendment. Ratification by 36 states Is re quired before repeal can take effect. States favoring repeal to date are: Michigan, Wisconsin, Rhode Inland, New Jersey, Wyoming, New York, Delaware and Nevada. Zion Bankrupt Creditors Claim CHICAGO, May 39. (AP) Peti tions to place Wilbur Glenn Vollva and his Zlon Industries In bankruptcy were filed tn federal court today, shortly after Judge James H. Wilker son had appointed receivers In equity for the Zlon Institutions and Indus tries. One bill charged Vollva himself, "overseer" of the unique religious colony on the north shore, owed more than $5,000,850. MASONS BARRED FROM GERMAN OFFICIALDOM DRESDEN. Germany, May 39 f AP) The Saxon cabinet decreed today that mmber of Ma?n1- ln?c rny not hold public office va.f. city, or commune and may not te&$b. GAINING IN VALUE FOR OPENING OF Plans are practically completed for the Mall Tribune' four-day cooking school which starts next Wednesday, under the personal direction of Miss Hester Heath, noted home economist. Miss Heath's "Happy Kitchen" pro gram promises to be one of the most interesting and colorful event of Its A ft HESTER HEATH kind ever staged here. There will be points of interest for every housewife from the young bride to tne ex perienced cook. This well-known economist has ad vised the Mall Tribune that ahe will welcome questions from her audience, so make a list of all your little kltch en worries and let Miss Heath straighten them out for you. f The lectures will be conducted in a most Informal manner and Miss Heath says that she like to feel as though the women in the audience had "Just dropped in" of an afternoon, rather than attending a lecture. There will be many different dish es prepared on each of the four af ternoons explained step-by-step. simply and successfully. Remember the hours, 2 to 4 o clock at Hunt's Craterlan. Be there early to get a good seat. . SALEM, May 29. (AP) A meeting of mayors of the cities adjacent to the Willamette river for the purpose of considering aewage disposal plants and proposals for obtaining federal aid therefor has been called by Gov ernor Julius L. Meier. The session will be held at the Multnomah hotel next Thursday morning. City engineers likewise have been invited to attend the session. ALL-NIGHT PARTY OALHNA. ni.. May 39 (WP) Witnesses told Coroner William H, Nash tonight a story of an all night party In a cottage, of a youth who rocked a boat "In fun", and of how two of the party, a man and a girl, drowned after the boat rocker alleg edly struck the girl as she flounderel In the water. Victim of the tragedy were Mil dred Saber. 18. and Charles Kreuse, 30, both of Dubuque, la. BUILDING AND LOAN AID BILL SENT ON WASHINGTON. May 39. (AP) The senate today passed and sent to the house a bill to provide for loan to closed building and loan associa tions and to increase from t300.000.000 to $300,000,000 the existing recon struction corporation fund for such purposes. AID FOR IRRIGATION DISTRICTS APPROVED WASHINGTON. May 39 (AP) The senate today passed and sent to the house a bill by Senator McCarran (D., Nev.) authorising the reconstruction corporation to lend to Irrigation dis tricts for operation and maintenance costs. . WASHINGTON. May 39. (AP The navy announced today that Its giant airship Macon will go to the Sunnyvale, Cal., air station "not later than October 30, 1933." The tonnage of commercial feed boiurht by Ohio farmer in 1933 w-n ft AO per cent )pm in 1913 than in 19.19 nd 17 per cnt lew t&aa la 1841, BALLOT STEALING CASES EXPECTED T Judge Skipworth Slated to Preside 22 Men Under Indictment Eight Have Entered Pleas of Guilty Assistant Attorney General Ralph E. Moody, In charge of the prosecu tion of the Jackson county ballot theft cases, said this morning that he expected to start Viz iit of the trials next Monday. iune 5. Attorney Moody said there were a number of routine details to straighten out and that this would be accomplished within the next '.ouple of da.'s. when the court will stt the trial into. The state of Oregon is deB.rous of a speedy trial, anc Is working towards that end. The defense has the right of several motion?,, which woxild tend to cause slight d jlay, but thla Is dis counted by the reports from country sections that some of the defendants have declared, "they want quick ac tion to establish their innocence, and will insist on a quick trial." Public sentiment also favors a speedy trial. Venue Change Unlikely. Probability of a change of venue from this county Is vague. To do this, all the defendants would hav to Join In the motion, and eight have already entered guilty pleas. Circuit Judge George F. Skipworth of Lane county, who heard the trial of L. A. Banks, resulting In the Jury voting a conviction of second-degree murder with a mandatory life sentence attached. Is at present as signed to the ballot cases. Twenty-two men,, including six John Does, were Indicted for the bal lot thefts., which occurred on the night of February 19, during and after a so-called "Good Government Congress" meeting. The bungled and brazen , crime occurred after a recount of the ballots in the sheriff's race last November had been ordered by the circuit court. Halted Recount. The stealing and destruction of the ballots automatically stopped the recount, and caused a wave of ex citement to roll over the county. Among the Indicted men was L. A. (Continued on Page Four) 14 AUTOISTS GET TICKET TO COURT Fourtoen autolsta charged with traffic violations over the week-end are scheduled to appear today In Jus tioe courts. It was the heaviest grlat In many months, the bright Sunday sunshine bringing out motorists In swarms. No accident ol consequence waa reported. Reckless driving and speeding were the leading offenses charged. , ' Daniel 8. O'Neill, Portland, charg ed with reckless driving and abusive language to a traffic officer, waa fined 1 25 and costs. Herbert Plta- elmmona. riding with O'Neill, was charged with drunkenness on a pub- llo highway: lj. H, Hamilton waa cited for reckless driving: William A. Freeman, reckless driving , without consideration for safety of others: Arlet Short, driving with four people In the front seat; Eugene Rltwlnger, Ashland, speeding a truck: William Clifton, Gold Hill, speeding a truck: Ray Condrey, operating gasoline truck without chauffeur's license, and In violation of state gaa tax license law: Delbert Danlelson, driving auto without one headlight, and one lens: Jamea A. Orove, no headlight: Walter Anderson, one headlight, and no lens; 8. c. Hall, no red light on con struction work: Aubrey Miles, Ash land, one headlight: and William Meier, reckless driving. The United States consumes about 60 per oent of the world's crude rub ber output. Pecora Issues Deft to Mighty 'Men of Money NZW YORK, May 39. (AP) The miuclea of Ferdinand Pecora's Jut ting Jaw hardened as atrong teetn clamped on a black cigar; under a bronze forehead eyes gleamed. Suddenly the cigar, released and mangled, a wept downward between thumb and forefinger. "My record," aald tbe Inquisitor of J. P. Morgan and other mighty men of money, "U there for them I They are welcome to search for any flaws or worae. By "they" Pecora referred to un rnmM perona who. Senator Cour-na of Michigan charges, are conducting a "Aubtl campaign." Jo discredit o- Honored W.'WM . - .... 1 ' - . if' -V j Dr. Mata Glass, president of Sweetbrlar college In Virginia and a alster of Senator Carter Glass, waa elected president of the Amer ican Association of University Wom en at the association's Minneapo lis convention. (Associated Press Photo) KIDNAPERS FREE KANSAS CITY, May 30. ) Thla olty'a police were unloosed today In a determined hunt for the men who abducted the city manager's daugh ter from her home In daylight, gave her rosea In captivity and released her unharmed for 30,000. While the daughter, Mary. '35, was nrlsoner. City Manager H. P. McBl. roy held the officers under hi com mand In check, for death had been threatened the girl If he sought the kidnapers. Once released, however, and despite threats of violence against him, he ordered a wide spread search. "I certainly have not," said MoEl roy when asked If he had an agree ment with the abductors to thwart all pursuit. "All our police power will be put into uae to apprehend them." Crying proudly. "I dldnt break. I didn't break." and wearing on her dress two roses given her by her ab- ductora, Miss MoErloy waa released at the entrance to the Mllbum go:f club shortly before 4 p. m. Sunday. Her release oame an hour and a half after Mr. MoElroy and his son, H. P. MoElroy Jr., had met the kldnapera at an lsolatel point on a country road west of Kansas City, Kaa., and deliv ered to them 430.000 In currency. The young woman waa taken fro-n the family home In Joe fashionable country club district of Kansas Cly about 11 o'clock Saturday morning by two men who, showing weapons, forced the housekeeper to admit them. Miss McP.lroy was In her bath. They compelled her to dress quickly. Afte hours of anxtoua waiting, the city manager received a series of let ters and telephone calla demanding $60,000 ransom and Instructing him where to pay It. Mr. MoElroy plead"d he was unable to raise tAO.OOO and finally In a telephone conversation yesterdsv afternoon the girls abduc tors agreed to accept half that amount. DETECTlflED RENS8ELAKR, N. T., May 39. (AP) Frederick Rabe, city detective, who waa ahot and who saw a fellow de tectlve killed when six men held up the Rensselaer county bank today, tentatively Identified a picture of Charles "Pretty Boy" Floyd, Okla. homa outlaw, aa that of one of the bandits, who fled wtth 2000 In loot, cora In his work aa courwel for the senate committee Investigating bank ing practices. Pecora, a former Immigrant boy who got hla start as Inquisitor during 13 years In the New York county district attorney's office, bade de fiance to critics and aald the dis closure at Washington, which have built headlines around the world. would go on. "Any one," he said, Mwho Imagine that our Inquiry, with Ha sinister cor related problems extending into busi- nesa and professional life, will be halted by a threat to Investigate the lnveelgator, la mlatakAn." ROOSEVELT IDEAS T Course of Action Being Map ped by Inner Administra tion Heads More Mode rate Than Plans Published (Copyrighted by McClure Newspaper ojiiuii-ubej By PAl'L MAIXOJJ ' WASHINGTON. May 39.-JThe ad- mlnlatratlon's private Ideas about thla nai Economic planning have recently undergone an iininnA..ni change. The course of action tutn OUt On the lnslfl ! mn.M.Mt.1- moro moderate than the relief bills you have been reading about. The Inflation program has already been shelved. The farm bill Is being largely filed away for future refer ence. The railroad bill has been di luted to half strength The current Industrial recovery bill will NOT be carried out to Its fullest, if the administration mam tin .-- cent of the powera granted it every one behind the scenes will be sur prised. Reason fn -i . , . , ... ' IO ODVIOUS. At first the college professors got ucua bogeiner and planned waya to take the economic situation by . the horns. They wrote bills which lodged the greatest powera in the ex ecutive. One bill came after another. They all fit now Into a unified pur Pose. That purpose la to bring about national economic planning never be fore attempted in a republic. Since then the beginnings of recov. err have hn a.w..-.tr.....j - niso cne theorists have run against practical objections on every side. What haa himnn t..-v-. the farm bill ta a 1- the situation. Agriculture Secretary Uatlan - n . . .. ' u mgweii with the (Continued on Page Two) T STRIKES REEF IN GREAT LAKES FOG HOUGHTON, Mloh., May 90. (Pi The annals of the Great Lakes today recorded the wrecking of the palatial excursion steamer George M. Cox on fog-shrouded Rock of Ages reef, rug ged promontory of Isle Royale In Lake Superior, carrying 33 passengers and M crew members, participants in tne season's first lake disaster. The uo- (ivwii.iih iiicuiuries were or a night spent in the penetrating chin' of the reef where the tiny quartera of the light house furnished heat for only a few at a time. There were numerous minor Injur ies aa the Rtoflinor malrlnt fir.. vnv age under the flag of new owners from Chicago to Port Arthur. Ont.. to pick up aoo passengers for the Century of Progress exposition In Chicago, struck the rocks with a resounding crash and listed to 80 degrees. The passengers were at dinner when the steamer struck the reef Saturday evening, at a speed estimated by Capt. George Johnson, of Traverse City, wlch., at 17 knots. A large hole was torn in her side, her englnea and bo'l- ers were torn loose and within four minutes her stern was submerged. She at '.11 wsa on the reef today. SAN PEDRO, Calif.. May 39. V Fog beckoned three ships toward de struction near Point Hondo, notorious In sea annala aa a "graveyard" for vessels In the eastern Pacific, late last night, but a more kindly sea ap parently permitted damage which may (Continued on Page Pour) TALK ON TRAVELS Dr. O. O. Ooldsberry, who recently returned from & trip through Surop and parts of Asia, addressed the KU wan.s club today at luncheon at the Hotel Medford, giving an Interesting resume of his trip from the time he left until he returned to Medford last week. Sadie Orr Dunbar, prominent healtn worker of the state in tubercular and underprivileged child fields, will ad dress the Kiwanlans at next week' meetinc. It was announced todar. and Lady Kiwanlana will be lnvltad .to th V.inohaon.