Medford mail tribune. (Medford, Or.) 1909-1989, October 18, 1933, Image 7

Medford mail tribune., October 18, 1933, Page 7, Image 7

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Newspaper Page TextMEDFORD 11 VIL TRIBUNE, JfEDFORI), OREGON, WEDNESDAY, OCTOBER 13, 1933 FED L HOME LOAN BANK YEAR IKES LOAN $82,000,000 SCENES IN TAMPICO AFTER DISASTROUS STORM MITE' CENTER OF GIANT GOPHERi ORIGINATES LINE OF 3 LITTLE PIGS vT " . : . " ; ' ... . , wflM"1- '-Li-anam mt-'''' W 1 I fx"' aST'. IX l Uww T V V '.4 WASHINGTON. D. C, Oct. 18. October IS, 1933. marked the end of the first full year of actual operation of the federal home loan bank sys tem, according to a statement Issued yesterday by the Home Loan Bank Board, summarizing the progress made by the system during the past 12 months. Pointing out the steps wtai&h have been taken toward the development of a permanent national reserve sys tem for homo mortgage credit. Wil k llam P. Stevenson, chairman of the board, said: "Starting from scratch a year ago, the home loan bank sys tem on October 10, 1933, included 1766 members, represented by build ing and loan associations, mut ual savings banks and other home mortgage Institutions whose applications for membership have been approved by the board. Loans authorized by the regional banks amounted, on October 10, to 82,232,869, and actual loans ad vanced to member Institutions ag gregated $70,028,318. Such advances are being used largely by ohe borrow -'er members for granting mortgage loans to home owners for new build ing construction, repair and remod eling. To that extent the home loan banks are relieving the acute short age of home mortgage credit which had resulted from general economic conditions, creating new employment In the building Industries, and. in-! 4 cldtntally saving homes from fore-' closure of mortgages held by receiv- j ers of commercial banks and like in stitutions. On the same date, mem-1 bers had subscribed for - 155,382 shares of stock in the 12 regional home loan banks, entitling Viem to a line of credit from these banks, ag gregating approximately $184,562,407. 'Today, after only & year's activity, ten, of the twelve home loan banks are operating at a profit," Mr. Ste venson pointed out, adding that "es timates Indicate that by the end of the calendar year the system's re sources should reach a substantial figure even after deducting organiza tion expenses and the accumulated dividend payable to the federal gov ernment on its original Btock sub scription. The system will be self supporting. "In the past few months," Mr. Stevenson concluded, "much has been dope to remove public misun derstanding of t.ho entirely distinct activities of the two different feder al agencies operating in the field of home loan finance. But such mis understanding is still so widespread that the fact should be made clear that one of these agencies, the home loan bank system, was created by congress in July, 1932. as a perma nent mortgage credit reserve sys tem, dealing only with home mort- , gage lending Institutions and not In dividual borrowers or lenders. It functions through 12 regional banks, each serving a district comprising from two to nine states, it Is de signed to stabilize credit In the home mortgage field in periods of prosper ity as well as In times of depression and credit stringency. It aims to perform much the same function in home mortgage finance that the fed eral reserve system has rendered in the national commercial banking structure during the past 19 years. "The second of these two federal agencies, the Home Owners' Corpor ation, was created by congress in June, 1933. and is wholly separate In purpose from the Home Loan Bank. FILE FOR HER SALEM. Oct. 18. (UP) Water fil ings Tuesday: Mrs. Alice McMerrlck. Gold Hill, 0.30 second feet from mid dle fork Foots creek, for Irrigation of five acres in Jackson county. Prank McCarvel and Fred Brusee, Rogue River, 3.0 second feet from Dixie gulch and Brown gulch, for placer mining In Jackson county. San Angelo, Tex., mothers gathered 1000 pounds of wool for sale In blanket to benefit the student loan fund of Texas A. & M. college. New York Chicago Montreal St. Paul Minneapolit Qbcbee Detroit Washington Toronto St. Louis Boston Cincinnati Atlanta Philadelphia I i -.1 Saint John.NB Halifax, N. S and other Points Eat ran Mmtmmszn nWliliifcrVS Tvi.l W hlUOS. A violent hurricane followed by floods created these scenes of desolation in Tamplco, principal oil port of Mexico. The gale caused tremendous property damage and took a death toll of about 200 people. Above picture shows storm damage In a Tamplco suburb. (Associated Press Photo) CAUSES NEW RIFT WASHINGTON, Oct. 18. (AP) Henry Ford today apparently was In new tangle of differences with the NRA. Chairman Wagner of the national labor board, announced receipt of an assurance by telegram" that the Ford Motor company was "prepared to meet authorized representatives of their employees." Promptly, a Detroit spokesman of Ford non-signer of NRA's automo bile code said a telegram that went from the company's Dearborn offices several days ago was of "quite a dif ferent tenor" from the one describ ed by Senator Wagner. This Ford representative added that Wagner had "withheld" the commun ication from the Ford Motor com pany, and that if he would give It out, "there will be no doubt about what the facta are." Wagner's announcement said strik ers at Ford's Edgewater. New Jer sey, plant would hold a settlement meeting today at which Gordon Wag- enet of New York would represent the board. Wagner added: "The superintendent of the Edge water plant has telephoned me that he will be at the meeting, inasmuch as I have requested his presence." Regarding this announced meeting, the Ford spokesman said the situ ation would be clarified when such a conference Is held. E HOLLYWOOD. Cal., Oct. 18. (AP) Ann Dvorak, screen actress, was under treatment today for a rattl snake bite she suffered yesterday while on location on a high mesa near Calabasas. T.he wourid was slight and the act. ress Is expected to suffer no ill ef fects. She was given emergency treatment and later taken to the stu dlo hospital where she was given an injection of anti-venom serum. SALEM, Oct. 18. (AP) Declaring it is not ' by guess or by gosh,' group is having a derrick erected for an oil driller on the Karl Stelwer dome 12 miles south of Salem. A small driller which bored down 910 feet 1 to be replaced by a larger one. The backers not a stock cor porationstated that the drilling was Dased on a geoiociai survey made from 1930 to 1932. They ave preparing to drill 3000 feet If nic essary, they aald. 1ST' Low Round Trip Fares to all Eastern cities in United States and Canada will be on sale up to, and including, TUESDAY OCT. 31. v.t "-TjtETURN LIMIT. NOV. 1SJ-, Takt advantage of these last days of low rail fare-fraie- East by train, with Comfort, Speed and Safety. The Canadian Pacific takes you through the magnificent Canadian Rockies in thft most beautiful season of tha year. All details and infor- ! ma'.ion at our local offices.' .IVL Ar.lMT. PMIV.m OF ft WLZ I O . VTx I Meteorological Report October IS, 1933. Forecasts. Medford and vicinity: . Fair tonight and Thursday. Not much, change In temperature. Oregon: Fair tonight and Thurs day, but fogs on coast; cooler north and east portions tonight. Local Data.. Temperature a year ago today: Highest, 78; lowest, 40. Total monthly precipitation, 0; de ficiency for the month, O.flO inch. Total precipitation aince September 1, 1933, 0.31 inch; deficiency for the season, 0.81 inch. Relative humidity at 5 p. m. yea- terday, 33; S a. m. today, 83. Sunrise tomorrow, 0:28 a. m. Sunset tomorrow, 6:24 p. m. Observations Taken at 5 i 120 Meridian Time. II n si Olty ri Boston ,.,..,., Cheyenne ... Chicago ....... Eureka........, Helena , . 70 . 52 54 62 . 44 Clear" Clear Clear Foggy P. Cdy. Clear Clear Clear Clear P. Cdy Clear P. Cdy Clear Clear Clear Clear Los Angeles 04 MEDFORD .......... 78 New Orleans - 84 New York . .... 86 Omaha .................. 64 Phoenix ................ 94 Portland 72 Reno 78 Roseburg 76 Salt Lake 66 San Francisco 88 Seattle 66 Spokane 50 Cloudy Cloudy Cloudy Cloudy Walla Walla 72 Washington. D.C .42 PAY AS YOU RIDE Have your car repaired on time. Low Finance Rate. ARMSTRONG MOTORS ISO. i i More than 5000 petunia buds were planted this summer in Lansing. Mich... in a city beautlflcatlon cam paign. It Is estimated. in Miainananii.nl i hhi1shj y 'i,,'. (," ..j." aaena n ea,m 1 u - l ail -ill I n ' l in T"""l i I I Mi ansi n'Hj la I rue r 1 is -m" n i 1 M. i " ml m ml- ' 7a. ' few X --r!. A Xl -VJ.it. t,Vt 1 HELP YOUR FAVORITE HOME TOWN CHARITY WIN 1. Tbe 81000.00 will be paid lo Ihe Cliarilalilc Oigoniialion receiving the largest vole in proportion lo I lie pnpitl.niiin of l lie town in tahirh llie eomHiiiig Cbarilies are Inrairil. 'Ihii gives all Invins an equal rbance lo win repanllrss nf.ir. 2. Cilmorr Imlepcnilrnl Dealers will ive nu a B;illol, Free. Aik for jours. Get )our friroiN to tole Irm. Mail yr volet in enrl). 3. Bsllollni rloses Novenilier 17lli, 1031. I. Jjitncrr Tracy, popular Fo picture slar is I lie Conltl Juil. F JONESBORO. Ark., Oct. 18. (AP) An attempt to assassinate the Rev. Dale Crowley, Imprisoned pastor of the strife-torn Baptist tabernacle here has halted, temporarily at least, peace negotiations between warring factions of the church. The attempt was made on the pastor last night aa he lay asleep In Jail where he Is held without bond on a charge of killing the church Janitor, W. J. Macmurdo, last week. A burst of pistol fire was directed at his cell but none ot the slugs struck the minister. . Two men were reported to have left hurriedly after the bullets were fired from an areaway between the Jail into the barred window of Crow ley's cell. The attack followed a statement by Crowley that ru deal had been made by lay members of the con gregation to sell the church to one of the factions. A movement was started last Bun day to settle the dlsputo which be gan two months ago following a dis agreement between Crowley and the Rev. Joe Jeff ers, evangelist, over a doctrinal question. Th tabernacle was built under Jef fcrs leadership following a dispute two years ago with tho Rev. Dow H. Heard, pastor of the Jonesboro First Bnpttet church. - During the Jef (era-Heard controversy national guardsmen were called out to main tain order. HOQUTAM, Wash.. Oct. 18. (UP) Literal "sea of death" alog the Cali fornia and Oregon coasts was report ed today by Oscar Erlckson and Oust Nurml, Hoqulm fishermen, on their return from a trip south. Millions of dead sardines, herring and pilchards float on the surface of the Pacific from Eureka. Calif., to the Umpqua river, a distance of 200 miles, they said. Phone 842. We will haul away your refuse. City Sanitary Service. Pt P.. ?iooo.c MR. OILMORES 'Th. Thr Little Pigs", Walt Dis ney's hit of the season, which U packing th movie houses all over the country, and becoming one ot the leading topics of everyday conversa tion, was suggested by a Medford boy to the Silly Symphony genius none other than Pinto Colvtg, .the son of Judge W. M. Colvlg of this city, who for many years has been working with Disney in Hollywood. Pinto In fact originated the catchy guide line of the whole show "Who's Afraid of tho Big Bad Wolf and this taken over by the famous Prank Churchill, became "The Three Little Pigs." Judge Colvlg declares the Idea came originally to Ptmo from his grandmother who was famous for her bedtime stories for children. Since the great success of the Big Bad Wolf, Pinto has been pestering his father to think up some of the stories that he himself has forgotten and re port them to him. The following extract from the Los Angeles Tlmea tells some interesting facta about the feature and the part Pinto played In It: "Those three capricious little pigs and a big. bad wolf have turned into a million dollar proposition. The sen sation of 1033. Walt Disney's silly Symphony, called "Three Little Pigs." Is breaking records In the country's theaters, has been recalled seven times In one local Instance and, at the present rate, w(ll total ai.000,000 ln,sales before the year I out, with $1,500,000 given as a two-year esti mate by distribution authorities. And, strangely enough, Disney was forced to "sell" the Idea of the tre mendously popular cartoon to his staff, which remained cold during two conference sessions. Third time proved the charm, however, and "Three Little Pigs" started to grow. Its unusual hit possibilities weren't foreseen; It was to be a typical (which means good) Disney Silly Symphony, but now look at It most people have done so several times. Eight months ago, approximately, the Mickey Mouse originator thought up the theme for the cartoon. Six months lator work began on It and Just about that time Pinto Colvlg, former newspaper man who had been working for Disney, suggested a line which was to become a theatrical, radio and sheet-music sensation. It ran like this: "Who's Afraid of the Big. Bad Wolf?" Those who have contributions for the Catholic Rummage Sale are re quested to bring them to the Catholic Parish hall or to the Whlllock B'.dg Thursday. . " 4 M. K. Stratton of Mt. Vernon. O., recalls when wagon loads of barrels filled with the bodies of wild pas senger pigeons were shipped to east ern markets. The bird has been ex. telnet since about 1874. Figures complied by the United States department of agriculture In dicate that the net cost per bu.hel for ralrlng wheat In North Dakota and other states In the great plains area averaged Ti cents. - . ' siaoa and ' markers erected on graves of Kentucky pioneers at Har. rodeburg are still decipherable. f Lion. That is the Gasoline you r- i '' v-''', fi -k Kit A comparative midget so far earned, with hia acant !0 pounds of heft and 5 feot tot's Inchea of height. Capt. Roy Oen of the traditionally ponderoua University of Minnesota team ia neverthelesa regarded as one of the conference's best pivot men a hard, aura tackier and Keen on pasa defense. (Aasoclated Press Photo UPSTATE EAGLES TO ROOST A very enthusiastic meeting was held last night by the P. O. E. at which time final arrangements were made to entertain a group of broth er Eagles from Roseburg, Cottage Orove, Eugene, Bend. Klamath Palis. Yrcka, Dunsmulr. Mt. Shasta, Grants Pans and Ashland. Communications were read from the above named cities accepting Medford's invitation . and it Is ex pected that a large group will be here. It was reported that a meet ing had been held at Or ants Pass and a large number of new members had been secured there. The meet ing was addressed by Miyor Walter W. Stockwell, welcoming this organ isation to Grants Para and pledging the support of all city officials. Ac cording to the report of Virgil Gel ette, secretary, there are now 04 members to be added to the roll and It Is expected that there will be a class of about 125 on Friday night. This meeting is to be held at the Armory and the public is invited to hear an address to be delivered by the worthy state preMrient, D. D Hall, which will be delivered at nlno o'clock. All Wnnt Ciruvv THE DALLES. Ore.. Oct. 18. (UP) Eastern Oregon and Washington cities united efforts today to secure locks at the Bonneville dam large enough to accommodate ocean-going vessels, ; When elective officials of Jackson county, Missouhl, did not go along with employes In salary, cuts, the county court abandoned Vie econ omy move. can't be boat, so I'm giving the $11,000.00 to Ciaarity anyway" I knew it! No one dared to take up my offer to pay 81000.00 to Charily for any brand of gasoline that was proved to be better than "Fortified" Cilmorc Red should convince you which THE pfUaUd GASOLINE V A'. i J . .P1. MY OF"kskJ It. fVi fwr ota- WiJl,.'1 aa Big Ten varsity centers ara con KMED Broadcast Schedule T linn-day 8:00 Breakfast News, 8:05 Musical Clock. 8:15 A Pecrlcas Parade. 8:30 Shopping Circle. ' 0:00 Friendship Circle. 9:30 Special. 0:35 Interlude. 0:45 -Meeting of the Martha Meade Society. 10:00 U. S. Weather Forecast. 10:u0 Eb and Zcb. 10:15 Morning Melody. 10:30 The Pet Program. J' 10:45 Musical Notes. 11:00 Magia Hour. 11:15 Martial Music. 11:30 Song and Comedy. ' 111:00 Mld-dny Hevlow. 12:10 Popularitta. 12:30 News Flashes, ia :ao songs ot Old. 12:45 V lunettes. 1:00 Varieties. ' , 2:00 Claivsliied Adllion of the Air. 3:00 Rudlo Bridge Hour. 3:15 Songs for Everyday. 3:30 KMED Program Review. 3:35 Music of Old. 4:00-Cocktall of Music. 4:30 Mustcrworks. . 4 :45 Hollywood Impressions.' 6:00 Cecil and Bally, . 5:15 Jess ataliord and Hia Orches tra. , 6:45 News Digest. 6:00 Medford "Theatre. Guide. 8:15 With the Masters. 8:30 Radio Tone Teat. 8:45 Holly-Time. 7:00 The Hawk. 7:16 Berrydale on the Air. 7:30 handu the Magician. 7:45-8:00 .EvenUde. . ' The Athenian oath was repeated at a mass meeting at Youngstown, O., in an NRA celebration. should use... I'm giving the 1000.00 to Charily anyhow and you nre to vote on which Charity gets it. Ask the In dependent Cilmorc dealer for a ballot. NEW YORK. Oct. 18. (API Al fred E. Smith has a cold and pol itical observers were running a fever today trying to figure out the prob able effect on Timmi.iy Halls health. The men of Tammany gathered lu&t night for the traditional "rati- . itcntlon rally" designed to start May or John P. O'Brien's campaign off with a bang and repul. the dou ble threat of fusion and the recov ery party to drive the tiger from power. Smith for the first time In years was absent. The word was passed around that he was "home in bed with a cold." The New York Times Interpreted his absence m "a blow" to the lead ership of John F. Curry. Tammany chief, nnd John H. McCooey. the 'Hall's" Brooklyn ally. The absence, the paper aald, "was accoptPd by observers as conftrma- tion of the reports that the former jtovcrnor had refused to yield to Tammany's pleas that he come to the rescue . . . Senators Robert F. Wagner and Royal 8. Copeland were also miss ing from the platform fast night, and announcement at the hall said pressure of official business kept them away. Those who attended heard a de nunciation of bosslsm, uttered from Tammany's own rostrum. Frank J. Prial assailed the "arrogance" of pol itical leadership and said his nom ination aa regular Democratic can didate for controller was a rebuke to party leaders. Prlal, a former deputy controller. was denied designation an the party's nominee for controller. Ho ran away and beat "the machine." In his speech last night, he endorsed Mayor O'Brien, as having been In no way responsible for present conditions. . DENTIST AD BILL HELD LEGAL, VALID PORTLAND, Ore.. Oct. 18. (UP) Constitutionality ot the dental ad vertising bill sponsored by Represen tative O. A. HnntlnRton of Lane county wns upheld here today by Circuit Judge Hall S. Lusk. He sustained a demurrer filed by the state dental bonrd to the com plained filed by Dr. Harry Semlcr. The dentist sought a permanent In junction against enforcement of the act. The Huntington bill was pass ed by the last legislature. F. n, K. Woodpecker shift BAKER, Ore.. Oct. 17. (UP) Sev en hundred army officers and CCO workers in the Baker district will be transferred to the Eugene district between tomorrow and Monday, offi cers announced tonight. FVeS Irlggere, 13, of Dothan, Ala picked 476 pounds of cotton In a single dy. Get your vote in early. Gilmore Oil Co. SOLD EXCLUSIVELY B Y INDE PENDENT GASOLI DEALERS N E