Medford mail tribune., May 30, 1933, Page 3, Image 3

MEDFORD 55TL TRIBUTE, lEDFORD, OREGON, TUESDAY. fAY 30. 1033.
PAGE TURK 15
Many Surprises in Store for Guests at Cooking School Tomorrow
FLOW FREELY IN
Ten Million Made in 1930
and 1931 Is Disclosed by
Probers $48,000 Paid
Out in Income Taxes
By NATHAN ROBERTSON
Associated Press Staff Writer
(Copyright, 1933, by the Associated
Tress)
WASHINGTON, May 30. (AP) J.
P. Morgan As Company's reports to
een ate Investigators rfiow the firm
made nearly ten million dollars on
sale and underwriting of securities
in 1930 and 1031, years In which the
bank's partners paid only $48,000 in
come tax to the United States.
This startling evidence, brought
out while the banking committee
Investigation of the Morgan house
remained In recess until Wednesday,
gave a hint of the amounts the 20
partners must have been able to de
duct from their Income tax returns
under the law permitting capital
losses to be subtracted from profits.
1 From these earnings also were de
ducted the running overhead, ex
penses of the firm.
Depression No Curb
Almost as surprising was evidence
that the great banking house made
more on sale of securities and its
underwriting business In each of
these two "depression years" than
they hod made In the boom year In
1929, when they paid an Income of
$11,000,000.
The totals for the three years, In
cluding the Morgan company and
Drexel & Company, its Philadelphia
affiliate, in round figures were:
1929 $2,936,000.
1930 $8,730,000.
1931 $3,131,000.
Profits for 1932 were not included
Jn the figures presented by Pecora.
Change In Law Cuged
Demands for changes In Income
tax laws have echoed In congress
since the revelation that the Morgan
partners have escaped payments dur
ing the last two years.
The house in passing a new tax
bill last week, eliminated the carry
over loss provision of the law, and
Representative Vinson (D., Ky.) an
nounced yesterday that the ways and
means committee, of which he Is a
member, will soon begin an Investi
gation to find and close other "loop
holes" in the statute.
Pecora's figures showed that for
the five-year period, 1927 to 1931 In
clusive, the Morgan .firm made more
than $18,000,000 from the sale of
securities. Morgan partners testified
during last week's Inquiry that the
investment business was a compara
tively minor part of their operations.
In addition to their profits from
the sale and underwriting of securi
ties, the Morgan partners reported to
the eorrmlttee profits running into
the millions from operations in joint
accounts for syndicates but the total
was untabulated.
V
RECEIVES PAROLE
PORTLAND, Ore.. May 30 (AP)
Murray E. Soth, 57, convicted Friday
on a manslaughter charge for the
fatal shooting of Elbert Guy Har
rington, 18, was yesterday sentenced
to five years In prison and paroled.
He shot young Harrington after his
daughter had told him the youth
had followed her home from a street
car and had flashed a spotlight on
her window. Soth said he shot simply
in an attempt to frighten the boy. ile
was tried for second degree murder.
LAD FALLS IN PATH .
OF TRUCK, IS KILLED
SALEM, May 30 (AP) Ronald
Carls, 2-year-old son of Mr. and Mrs.
Cdrl Finster of West Salem, was In
stantly killed yesterday afternoon
when he was run over by a large truck
driven by John Fawk of this city.
The boy, riding with his parents,
In some manner fell from the auto
mobile and was crushed almost be
yond recognition by the truck which
was following closely.
MOTHER OF TWENTY
DIES AT AGE OF 44
FAIRFAX, Cal., May 30. (UP)
Mrs. Jennie Klstle, 44, mother of 20
childred died here today.
Mrs. Klhtle, believed to have the
largest family In California , had
spent most of her life at Nevada
City, where she was born. She ,had
never seen San Francisco. She was
visiting a daughter here when she
died.
Her last child, born last St. Pat
rick's day, was named Franklin
Roosevelt Klstle. The president sent
the child an embroidered hanker
chief bearing his name.
FAVORITE PRODUCTS
f "It's always good news when you
find a product which satisfactorily re
places several others," says Miss Hes
ter Heath, who la conducting The
Mall Tribune's Cooking School, re
ferring to Ohlrardellt's Ground Choco
late, which Is among the useful pro
ducts being demonstrated In connec
tion with the school.
"Ghirardelira takes the place of old
style solid chocolate, of cocoa, and of
bitter chocolate," Miss Heath went
on, "because It is real chocolate, from
which part of the fat has been re
moved. It Is equally satisfactory for
fine chocolate beverage, and for cook
ing and baking of all sorts."
Miss Heath pointed out that Ghl
rardelll's Ground Chocolate has a
full, fine chocolate aroma, developed
from high-grade blended cacao beans,
and protected by a vacuum process
which seals the flavor In. Ghlrar
delli's need not be melted, but can
be added to the other dry Ingredients
In cooking or baking, or It may be
blended with boiling water. It does
not need grating either, thereby sav
ing many abrasions on the nsnas.
Special courtesy of the makers of
GhlrardelU's, a quantity of the fa
mous "Sweet Sixteen" recipe packets
has been supplied for distribution in
connection with The Mall Tribune's
school. These packets Include some
30 chocolate recipes, which are dis
posed In convenient form on card
slips which may-be placed in a card
file or pasted Into a cookbook.
The "Sweet Sixteen" reelp packets
will be given away free of charge,
while the supply lasts, at the sessions
of the cooking school. Those who
do not receive them may leave their
names at The Mall Tribune office,
and the names will be forwarded to
the makers of GhlrardelU's, recipe
packets being then sent by mall.
Plan Silver Tea
Phoenix Thursday
PHOENIX, May 30. .Special) La
dles' Aid of the Presbyterian church
will hold their annual birthday party
and silver tea at the church parlors
Thursday afternoon, June 1, begin
ning at 2:30.
All ladles of the community are
invited to attena.
Bible or Booze
By E. A. OLDENBl'RO
"Because ye have said, We have
made a covenant with death and with
hell are we at agreement For we have
made lies our refuge, and under false
hood have we hid ourselves. There
fore thus saith the Lord God. Beho'd
I lay In Zion a atone, a tried stone, a
precious corner stone a sure founda
tion: he that believeth shall not make
haste. Judgment also will I lay to
the line, and righteousness to the
plummet: and the hail shall sweep
away the refuge of lies, and the waters
shall overflow the hiding place. And
your covenant with death shall be
disannulled, and your agreement with
hell shall not stand." Isa. 28:19-18.
One of the most subtle sources of
the powers of evil Is their apparent
agreement to help each other. Not
openly and brazenly, but national
Investigations have brought out that
fact beyond dispute. Let interna
tional anger turn the spotlight on
the white slave traffic and certain in
ternational features are revealed. Lat
them turn the light on the interna
tional narcotic ring and again the
same features appear. The U. S.
senate investigates the liquor ring and
low and behold again the same fam
iliar lines. Find out who, back undor
For Best Results in Cooking
Use
SNIDER'S
BUTTER
Snider's Butter is rich in
flavor and food value.
That's why Hester Heath
has selected it for many
of her choice recipes. See
her at the Craterian
Theatre May 31, June 1
and 2.
III!
mmissm '
Phone
203
Snider Dairy & Produce Co.
"IF IT'S SNIDER'S IT'S THE BEST TO BUY",
cover is really controlling the movie
industry and you have the key to the
whole situation. When therefore we
say that with the prospects of re
established grog shops an unholy
brood is leering around the corner,
there Is recorded proof to back that
statement.
In speaking of the moving picture
Industry may we say iirat of all th.it
the local managers anywhere are ry
no means their own absolute masters
in the business. With the fondest
desire to give only the good and the
helpful they must at times show
things that cannot possibly be called
either good or helpful.
Let us be fair with the movies. Do
we ever attend them? Decidedly yes.
That is the reason we know that your
local managers may at times brlug
the most instructive and otherwise
worth while pictures with distress
ingly discouraging results In attend
ance. The so-called better class too
otten merely make demands for the
better pictures without supporting
them when they are presented. This
Is positive. Movies are here to stay
and their Influence for good or bad
is tremendous. It is up to the better
class to make them increasingly an
Influence for good.
Phoenix Services
Well Attended
PHOENDX. May 30 f Special,
Services of the Presbyterian church
were well attended Sunday. Reports
on the Christian Endeavor conven
tion were given by Pauline McAbee,
Marjorle Poling and Maxln Cobleigh.
Next Sunday, June 4, is .Pentacost
Sunday.
Prayer meeting will be held Wed
nesday night at the church parlors.
Are you looking for a "Wearable'
Hose? Try the 75c and $1 ones at
ETHEL WYN B HOFFMANN'S
An Instant, accurate credit report
may be obtained from the Southern
Oregon Credit Bureau while your cus
tomer waits.
SUITCASE THIEF
LOS ANGELES. May 80 J (UP)
As Theodore A. Tausch finished re
porting the theft of a suitcase, he
began laughing.
"What's so funny?" asked the desk
sergeant.
"Hot hoi" snorted Tausch. "I was
thinking about the surprise that
thief's going to get when he -opens
the valise."
"Yeah?" said the sergeant.
"Sure." gurgled Tausch. wiping
tears from his eyes. "The suitcase
has got one king snake five feet
long and three California rattlers.
And they're all full of poison. Haw,
haw!"
A whole squad of detectives hasnt
yet found the thief to warn him.
Phone 743.
"Serves You Right'
606-608 East Main
Hester Heath Will Tell You
About the Importance of
Buying Food Supplies Where
the Service Is Always Reliable
She Recommends the Home
Grocery for Superior Food
Articles to Make Any Menu
Many Southern Oregon '
Housewives Do Most of
Their Grocery Shopping
By Phone . . . Phone 743
Fresh Vegetables
Seasonable Fruits
Meat Department
Canned Goods
Fancy Crackers
Bakery Goods
Candies
TRY OUR FOUNTAIN SERVICE
Open Evenings, Sundays and Holidays.
J. R. Monroe, Prop.
K ""Wit.
When You Attend the
COOKING SCHOOL
Wednesday, Thursday and Friday
at Hunt's CRATERIAN
Note the Hollywood Type Dress From
This Store Worn by Miss Heath
'A .7
Wonderful!
A Real Bargain!
SAYS
Hester Heath
famous Dietitian Conducting the
Mail Tribune Cooking School
Smart New Hollywood Type
House Dresses
"Come Out of the Kitchen"
It's got tn he pretty Important business to
keep thee tttunnlnc print "behind the
stove"! Tubfait percale, broad cloths and
pongees. Pique or organdie trimmed. 14
to M OtrK Vflh Prew gay cotton 7 to
16, 4!.
77
W i
W YOU CAN HAVE
An electric refrigerator can be
no better than its refrigerating
unit la these new Majesties the
refrigerating unit Is made with
such precision, and of such de
pendable, well-tested parts that it
can safely be SEALED within a steel
dome. Let ns explain the many ad
vantages in this and other Majestic
features. See die Majestic FIRST;
Attractive terms make it
easy to own a Majestic.
ELECTRO-SEALED UNIT-safe
for life against dust, dirt, moi.
tore and abase; Trouble-free re
frigeration! ISOLATOR-WALL CONSTRUC
TION corner-reinforced, all.
steel exterior and interior walls,
with triple-type insulation as
phah-sealed throughout:
"STAY-KOLD" DEFROSTER"
which maintains a cycle of re
frigeration and preserves let
cubes intact during defrosting.
And Many Other Faturs
Vr eLECT RO I SjL
ML - SEALED
3ltiiP ' lb mi
"SECURE AS r S THE NATION"
i nmmipviA II Features
-U 11 1
I
IPalmsF Miaslc EBectel (toi?e
So. Central.
Medford. Oregon.
Main and Bartlett Streets.
Phone 286
'WE SELL HAPPINESS"
Tel. 788