Medford mail tribune. (Medford, Or.) 1909-1989, December 05, 1933, Page 7, Image 7

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    PAGE SEVEN
REMEDIAL LIS
TAKE ATTENTION
Undergo Operation! Mr. Ethel
Wimer U a patient at the Community
I hospital, where the underwent a ma
I lor operation Monday, William Pen
; nlur of Central Point also under
'' went an operation Monday.
Fined $10 John Earl We adman of
Jacksonville, arrested Sunday night
by city police for having four persons
in the driver's seat of his automo
bile, was fined $10 in city court Mon
day by Judge A. D. Curry.
Days Move nere Judge E. B. Day
Mrs. Day and tnelr daughter, Miss
Nancy, are now at home to their Meo
ford friends in the Norwood house on
East Main street In Medford, having
moved here for the winter months.
Money Battles That Made History
No. 2 'Not Worth a Continental' ...Hamilton.. .Jefferson
' MEDFORD MAIL TRIBT7XE, MEDFORD, OREGOX, TUESD'AY, DECEMBER 5, 1933.
OF
Grange Power Bills, Pre
Emptory Challenge Limit,
Old Age Pension Among
Matters in Consideration
SALEM, Dec. 8. (AP) Remedial
legislation held the attention at ses
sions of the legislature late yester
day. The senate bill to limit pre-emp-
tory challenge In criminal casta pass.
' d the senate 29 to 1. It now goes
to the house.
The senate, voted to authorize the
state highway commission to deed a
portion of the John B. Yeon memor
ial park at Bonneville to the federal
government.
Power Rills Shunted
The senate grange power bills deal
ing with Bonneville were re-rererred
to the utilities committee of the
senate.
V The senate approved a house bill
clarifying the old age pension laws.
Fraternal home Inmates 70 years old
would be considered residents of the
county from which committed.
The emergency houie bill to enable
s municipality to sell bonds at less
than 05 was passed by the senate.
The senate memorialized congress
to appropriate $45,000,000 to complete
the Bonneville project for cheap pow
i r development. Distribution with
' more equitable costs of navigation
and power and construction of super
power lines for Industrial and domes
tic uses was also urged.
Want Early crop Loans
The farm credit administration was
memorialized to make available to
the farmer federal crop -production
loans early In 1934.
The following bills passed the sen
ate and will go to the house:
Bill to authorize fraternal organi
zations to well burial lots without ob
taining a real estate dealer's ljcense;
bill to change the date for obtaining
license for motor vehicle wrecking
cars from June 1 to January 1; bill
to provide levying certain Irrigation
district assessments to retire unpaid
operation and maintenance warrants;
Bill to empower the state land board
to Invest lrreduciole school funds
In school district warrants; to autn-
orlze lumbering operation suspensions
during certain extreme weather con
ditions (western Oregon); bill by
Wheeler relating to Issuance of school
warrants and payment of Interest
thereon; emergency bill to authorize
board of directors of Irrigation and
drainage district to compromise spe
y clal assessments where district re
funds its Indebtedness through gov
ernmental agency.
Emergency bill to authorize county
courts to cancel or compromise ad
valorem taxes within Irrigation and
drainage district where such district
may refund Its Indebtedness through
governmental agency; bill extending
to Irrigation and drainage districts
the privilege of cities to go Into re
ceivership in casb of financial dis
tress; emergency bill to authorize
Irrigation or drainage districts to Is
sue bonds or enter Into contracts
wlt any governmental agency for
loans, taxes, etc.: emergency bill re
lating to suspension or restriction of
withdrawals from banks and trust
companies; and emergency bill to
provide for payment of outstanding
warrants of districts becoming a part
of a county school district.
By CARL C. CRANMEB
WASHINQTON.(p The vary first
big "money battle' la the United
States cams xgoX after adoption of
the constitution, and waged about the
colorful Alexander Hamilton, Sft-year-old
financial expert designated by
Washington as first secretary of the
treasury.
Colonies which
had revolted
against King
George's tea tax
and stamp act
were not disposed
to extend them
selves In collect
ing taxes request
ed by a conti
nental congress
of yague author
ity. Bui for the
enmity of France
toward England
the credit of the
American patri
ots would have
been almost nil
In Europe, and at
best only about
$8,000,000 was ob
tained In loans
from that quar
ter. There was not
enough free cap
ital in America to
- , float large ao
fenw mestlc loans al
though about
$66,000,000 in paper money, actually
worth about $8,000,000, was secured
in such a way.
So, the continental congress and
colonies together issued about $50,
000,000 In paper money, and some
historians believe harassed officials
of the congress may have Issued even
more surreptitiously.
Not made good by any power of
the congress to tax, this currency
KOITOB'S NOTE: Colorful contests have centered about the United
States dollar, and outstanding figures in American history have been
a part of them. This article, second of a series of four dealing with
these struggles, relates how the colonists' revolution was succeeded al
most at one by a domestic argument over the nation's montary
structure.
--K7 :N-
M. . . So the Continental congress and colonies together issued about
$450,000,000 In paper lr.oney. , . . 'Not worth a Continental' has been a
stock expression since."
began to depreciate In a few months.
Near the end It was used to paper
barber shops, and sailors, paid off
In bundles of It, made suits of
clothes from the tattered bills, and
paraded In jest. Eventually, part of
It was redeemed at 1 cent on the
dollar.
"Not worth a continental" has
been a stock expression since, and
to this day continental currency has
been a standard example used by
writers on monetary questions.
After the revolution there were
stiff contests over Inflation in sev
eral colonies. Including Massachu
setts, where Daniel Shays led his in
surrection for credit money. Event-
ally, conditions forced the new Con
stitutional conventions of 1787 which
restricted the power of coinage to
congress alone.
Into such a situation Hamilton
stepped. Regarded as an extreme
Federalist who perhaps favored mon
archy, his policies were viewed with
suspicion by eealous "states rights"
men who feared, even, a separate na
tional capital would be a walled city
from which would swarm soldiery to
oppress the individual states.
His plan to pay holders of de-
"SnrtriMri LmmmmmmzeKm -fmaw mmmmmm im.siiiriwriinriiiiifW nisi hum huh
r.cr ' ... 1 . I . ... I
j I World'. Fair trip ... I feel so rotten. I , YouH Ilk. rw kind-Post's I Tl I. to. bt brMkfatt food I
W,st 1 If TfD: I know the trouble. Dud! Vou B i Bran Flukes. It Ustes delicious I 1 ve B,er "MK"
J-0 nixnt bran Just the- thing Dr. Bale and it cont&ius bran you need. I TED: Yea. and it sure does make you
i i I I advised lor mo lan j-eoxl loci Up-top too. doesn't It, Dad;
predated government certificates the
full face value plus interest, was con
trary to popular feeling, because It
was known speculators were buying
up all the government paper they
could from the ignorant and unin
formed. But his plan won.
Southern states opposed his plan
for the federal government to as
sume state debts as a means of solid
ifying national credit. The state
debt was larKely
northern, aa the IP
southern states IP
had financed
their war ex
pendltures by taxation
or by repudiat
ing their cur
rency at the
sacrifice of their
oltleens. But
Hamilton won
by a horse
trade" which lo
cated the nation-
al capital well to t
the south, be-
tween Maryland f
and Virginia. ,
oiricv consti
tutionalist and
those afraid of a
federal money
m o n opoly, in
cluding Jefferson
and Madison, op
posed his plan
for a United
States bank.
Hamilton won on
that, too, al
though In the senate there were but
three affirmative votes south of
Maryland.
Although he preferred the single
gold standard, Hamilton recognized
that moat of the coins In circulation
were sliver, and so the Mint Act of
1793 provided for a bimetallic stand
ard, with the gold-silver ratio at
1$ to 1.
leak In your roof you would stick a
bucket under It and let It go at that.
Of course you wouldn't. You would
go up and remedy the cause by patch
ing the roof. It Is the same with
kidnaping end murder, it won't do
any particular good to Just lynch
those that kidnap and murder, tut
it will do some good to go to the
polls and vote and remedy the cause
of crime. If you would do away with
crooked politics your only cause for
lynchlngs would be abolished.
F. CYRIL SANDER,
' Medford, Dec. 3.
Examiner Coming Ward MoReyn
olds, examiner foi operators and
chauffeurs, will be in Medford Fri
day and Saturday, December 15 and
16, according to announcement re
ceived today from the secretary of
state's office. McReynolds will be in
the city hall from 9 a. m. to 5 p. m.
on Friday and from 8 a, ra. to 5 p. m.
on Saturday.
Sent to Camps Numerous changes
are being made this week by CCC
headquarters at Medford, with the
arrival of officers to be stationed in
the various camps. Captain Albert
T. Anderson, field artillery reserve,
who arrived here yesterday from As
toria, Ore., will be stationed at Camp
Port Orford. Lieutenant (Junior
grade) Phillip R. Osborn, U. S. N., is
being sent to the oamp at Pistol
River, and Captain Glenn p. Wallace,
Infantry reserve, who Is here from
Lebanon, Ore., Is to be stationed at
Camp Applegate. Lieutenant Robert
S. Sauer, Infantry reserve, of Louis
ville, Kentucky, will be located at
Camp Rind Ranger station.
nmmi.ei.i iwiaawp
PC
r -w.-rt rj,
f
MOTHER: Now both "my boys" keep
tit. . .with this crisp, tomptluR broak
fast food wo oat regularly each morn
ings How wo lovo Its grand flavor!
HERE-IN ONE DELICIOUS CEREAL
BRAN ... for benefits you need
OTHER PARTS OF WHEAT
for flavor you love!
Post's 40 Bran Flakes contains 40 bran
(or bulk most people need to keep food
moving along the intestinal tract ... to help
ward off constipation due to insufficient bulk
in the diet. But it contains other parti of
tcheat, too.
And In this combination of bran and other
parts of wheat is the secret of its marvelous
flavor. And of its high nutritive value ... its
rich content of phosphorus, iron and precious
Vitamin B.
So eat Post'B 40 Bran Flakes regularly.
You'll love itl And it costs so little. Your
grocer has it a product of General Foods,
Pa'.
oo.r.oi.,iM
Communications
He nisatn-ees With -Mary.
To the Editor:
I have Just read your communica
tion by Mary Ellen Ryan In The Mall
Tribune, and I wish to say that aa
long as people are so Ignorant as to
think lynching la a good and Intelli
gent way of disposing of people, Just
that long we shall have an uncivilized
and criminally minded nation. If all
of you people that believe In and par
ticipate or support lynchlngs would
spend as much energy on seeing that
proper laws are passed and that they
are quickly and surely enforced there
wouldn't be enough crime In the
U. S. to be noticed. If you are going
to let every person Interpret the law
aa he sees best and to Immediately
hang someone he has a hunch Isn't
doing as he should, I, for one, think
that we had better forget civilization
and go back to the "Stone Age" where
w mny do as we please and live In
safety.
England doe.nl have lynchlngs and
murders like we do and for the sim
ple reason that they have quick and
sure laws. I supposs If you had a
GLASS
ItHtnllrrt in Your
Broken Windows
Padgham Planing Mill
1309 Court St.
Fuel Oil
All
Any
Kind. Amount
At Minimum Delivery rharje
medford tux co.
1122 N. Central. Tel. 631
SEVERIN
Battery Service
Severin Batteries
M I DP. IN MKDFORD
Di'trlbntor for
M Multnomah Battery
Complete Electrical Service
Generator and Armature
r'.nrhanie
Rrnlmllnc a Specialty
I.Y."! n. Rlrrliie. Then.
YOUR CREDIT IS GOOD AT WEEKS & ORR'S SOUTHERN OREGON'S GREATEST STORE
RIGHT NOW
is the time to buy
while prices are so
LOW!
CHRIST
BARGAINS
In Quality, Low Priced Furniture
These Low Prices Speak for Themselves!
Quantity Buying Enables Us to Offer
Greatest Values in Southern Oregon!
GIVE USEFUL QIFTS
of FUNITURE . . What
finer selection could
you make than some
thing for the home that
EVERY MEMBER OF
THE FAMILY MAY
ENJOY for years to
come . . . Furniture at
these prices are IN
VESTMENTS that you
can't afford to over-look.
Toledo
Range
Full enameled Front
Ivory with green
trimmings. Specially
priced at
$45
$10 Down
$5 a Month
An Exceptionally
Smart
Bedroom
SUITE
Bed, Vanity and Chif
fonier. Finished in wal
nut." Thanksgiving special
$9095
$5.00 Down $5.00 a Month
Bench $2.40
$5.00 Down $5.00 a Month
A Real Value
Walnut Finished
Dining
SUITE
A beautiful Dining Suite
Buffet, Extension
Table and Chairs, finish
ed in walnut as pictured
here.
USE YOUR CREDIT $ 0 Q 50
BUY NOW J O
$5.00
DOWN
$s.oo
A MONTH
Ills ftflWWiiMiiilwJI1l!lll!mv i
TAPESTRY
DAVENPORT SET
Yes sir, these fine sets are well t 9m f g A
made and finished in good qual- J
Ity tapestry to select from and
what . hnrrain nt this nrir.e
As Pictured Abort
Mohair Suites as low as $54.95
FELT BASE
Floor Covering
Fine pattern!
to chonne from
In frit b a
floor cortrlnjr.
Th price will
lurprlH yoa
only
45s?. yd.
0x12 FELT BASE
RUO - $5.95
Floor
LAMPS
SHADE and
STAND
As Low As
$goo
Occasional
CHAIRS
As Low As
$S95
DISHES
32-Piece Set
$3.95
42-Piece Set
$6.25
Axminster
RUGS
9x12
$19.95
County and School Warrants Accepted Here
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