MEDFORD 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