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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Jan. 2, 1934)
PAGE TWO MEDFORD MAIL TRIBTINT:, MEDFORD, OREGON', TUESDAY, JANUARY 2, 193 DEPOSITS IN ALL The three Med ford bank have qualified tinder the Federal Deposit Insurance, which went into effect to day. It waa announced this morning, following receipt of official notice from the Federal Deposit Insurance corporation. Under thla provision, the Federal Depoelt Insurance corporation guar antees all Individual deposits, both commercial and savings, up to 3500. The new ruling la expected here, as well as In other cities of the na tion, to relieve the public mind of any doubt which have grown up as to the safety of money In banks. It will undoubtedly restore public confi dence In the banking system and bring a return of sound banking con ditions, which will be reflected In til other lines of business. Few other details regarding the op eration of the Insured deposits, were reported today, due to the fact that the bankers code will not become ef fective until February 1. In answer to questions regarding whether or not there will as a result be Increased charges on checks, bank era stated that there would not be until February l, at least. All changes affecting the customer under the code will not go Into effect until that date. v The publlo will be advised fully re garding all details as soon aa the code becomes effective. ' The banks here now have their cer tificates of qualification end will Issue statements from time to time to keep the publlo Instructed regarding all developments under the federal deposit insurance. CALL GRAND JURY II FOR SMALL LIST - The grand Jury, of which Thomas K. BeTI Jr., of Talent !s foreman, Is scheduled to convene next Mon day, January 8, District Attorney George .A. Codding said today. 1 A dozen matter are expected to be brought to the attention of the body Including the cane against O. H. Brown, secretary of the late self styled "Good Government Congress," charged with "slandering a bank." The Indictment was dismissed last September on a technicality, and the court ordered Its reconsideration. Brown Is alleged to have caused a false statement to be printed over his signature, last March during the turmoil. The present grand Jury has not been In session for six months, and the list ofjvnatters pending before It. Is the smallest In several years. The body at Its organisation had busy times. For two months it was busy with the Investigation of the L. A. Banks, the ballot theft, and other coses related to them. A new grand Jury will be drawn February 30, at the opening of the February term of court. A new petit Jury will be drawn at -the same time from the 1934 Juror list. A petit Jury Is scheduled to be drawn for term of the circuit court beginning Monday, January 23. Circuit Judge H. D. Norton ex pects to hold court In Josephine county at Grants Pass the next two weeks, returning at odd times to at tend to local routine court matters. Among the New Year tasks of the county court within the next month ' uiiiwiiik uj jury iibv for the year. Judge Norton, after a combination attack of a severe cold, and having a tooth pulled, has returned to nor mal health. E LAW IS PRAISED WASHINGTON, Jan. S. (API Praising the inauugratton of Insur ance of bank deposits, Senator Van denberg, (R Mich.), who was au thor of the plan, said today In a statement It provided safety for savings, and removed "any remote excuse for hoarding." Saying the temporary plan covers 07 per cent of the nation's deposi tors, Vandenberg added: "Thla Is the mass among whom hyatrls gen erates runs, upon the one hand, and among whom social tragedies occur when Banks close, upon the other hsnd. "The savings of America are now safe. There no longer Is any remote excuse for hoarding. General bank ing no longer should be menaced by postal savings competition. The credit situation should be perman ently improved." MEKON LAID TO REST IN Veterans to Meet The regular meeting of the Veterans of Foreign Wars and Auxiliary will be held this evening In the Bagles' hall at Dream land Instead of In the old hall at Main and Central. The meeting has been planned for the post to get to gether In homecoming and all old members are cordially Invited to be present. Refreshments will be serrd following the meeting. Continue License Drive Captain of Stat police Lea M. Bown said to day thst the drive agalnat persons operating passenger cara without new 1934 license plates will be continued. Those violating this law will be sub. Ject to arrest. Truck owners have been given an sddltlonsl week, or until next Sunday, to comply. Plnsl rites for William M. Clemen son, Medford city councilman and prominent eivlo leader, who died Sat urday night at the Jackson hotel of which he was proprietor, were held yesterdsy alternoon at the Perl funeral home, the Masonic service being used at the chapel and at the Siskiyou Memorial park, under aus pices of the Medford lodge, No. 103 A. F. St A. M. The beautiful service was aug mented with music, played by Mrs. Eva Marsh and songs by the follow ing quartet: Mrs. R. E. McElhose, Mrs. R. C. Mulhollsnd. Dr. W. W Howard and A. J. McDonough. Honorary pallbearers were: City Coundlmen George Porter and C. C. Darby. Mayor B. M. Wilson, P. O. Denson,.Dr. R, 6. Mulhollsnd and Jack Harding of Roseburg: the act ive pallbearers: O. S. Butterfleld, W. W. Chadwlck, J. F. Reynolds, Coun- ctlmsn Dade Terrett, A. B. Cunning ham and Jack Thompson. Mr. Clemenson, whose death brought the realization of a great loss to hundreds of business and social associates and sportsmen here, came to Oregon when he was three years of age. He was born May IS, 1878, In Minnesota. His psrents set tled later In Newberg, Ore. On June 18, 1002, he was married to Maud Fitch at Clarkston, Wash., where he v,ss postmaster for 13 years. He was the youngest person holding the position of third class postmaster In the United States at that time. In 1033 the family came to Eugene, where Mr. Clemenson waa .with the Osborne hotel for one yesr snd the Oregon hotel for three years. He wss then transferred to Medford when the Jsckson hotel waa opened. He was a member of the Med ford lodge, No. 103, A. F. it A. M.. HUlah Shrine, Ashlsnd, B. P. O. X.. Oregon Hotel Men's sasoclstlon. Woodmen of the World and Artisans. He Is survived by his widow, Mrs. Maud Clemenson, one son. Lawrence F. Clemenson one daughter, Mrs. R. D. Porter of Sen Francisco; two brothers, J. A. Clemenson of Port Isnd. and Chss. Clemenson of Los Angeles, and one alster, Mrs. Ell Evans, ( Newberg, Ore. Collision on Bridge W. J. Roberts of 730 West Second street reported to the city police station that a S:5 p. m. Sunday afternoon, while he was driving across a bridge north of Central Point, his par was struck In the rear by a truck. Mr. Roberts stated that he hsd slowed down to avoid hitting some children on horseback. Mrs. Pellelt Home Mrs. Grace Fe! lett has returned to this city from spending the holidays In Vreka. AT IT OF LAW Action of county, state and city authorities, to dry up the wet spots of Jackson county, brought forth a willing co-operation from operators of resorts In both city and country, officials reported today. Twelve or fifteen "Joints" and "social centers" were visited Satur day afternoon and night, and notice given, for Immediate cessation of dispensing of "hard liquor" by the glass. Three roadhouses closed ' their doors ss soon as the warning was given, snd as many more, said they would. Flacea where "the bottle was kept under the counter" also abided by the order. Government agents have been In the city and county for three weeks, investigating local conditions where in the revenue and federal license laws were ignored. This includes serving of ''moonshine" upon which no tax is paid. The investigation slso Included operation of a still. making of synthetic liquor, and transportation without proper cre dentials. Captain Lee M,. Bown of the state police said that all those "visited expressed a willingness to sblde by the liquor laws." Captain Bown said 'strict regulation of liquor could be expected." Enforcement, District Attorney Codding said would be under the nuisance clause" of the Knox liquor control act. The fact that the Knox law Is contested In the court, does . not prevent Its present enforcement, he said. The League of Oregon Cities will hold a meeting here Thursday, when the matter of a uniform liquor ord inance for all Oregon cities will be considered. City Attorney Frank P. Farrell said that as soon ss this meeting came to a decision, the city would know what course to pursue and would act accordingly. Sheriff Walter J. Olmscheld re quests parents to warn their chil dren, that under the Knox law. pos session of liquor by a minor, la punishable, as well as sale to a minor. The sheriff said any minor found Intoxicated or In possession of liquor would be subject to arrest. Observance by minors, the sheriff ss Id. would ssve embarrassment to youth and their folks. The sheriff hoped "I never have to grab a boy or girl, under that law, DR. A. F. KRESSE has moved from Palmer Bldi. to MEDFORD CENTER BLD Rooms 103 and 404 lr'-S-5s uia-' '- Your Partners In Community Development Farmers & Fruitgrowers Bank MEDFORD OREGON No. 2906 Federal Deposit Insurance Corporation WASHINGTON, D. C. EFFECTIVE Jan. 1st, 1934 WHEREAS, by satisfactory evidence presented to the FEDERAL DEPOSIT INSURANCE CORPORATION it has been made to appear that THE FIRST NATION AL BANK, Medford in the State of Oregon is a mem ber bank of the FEDERAL RESERVE SYSTEM entitled to become a member of the Temporary Federal Deposit Insurance Fund and to the insuring of its de posits as provided by law from the date hereof until July 1, 1934; Now, Therefore, I, WALTER J. CUMMINGS, Chairman of the Board of Directors, do hereby certify that THE FIRST NATIONAL BANK, MEDFORD in the State of Oregon is a duly qualified member of the Temporary Federal Deposit Insurance Fund. IN TESTIMONY WHEREOF witness my signature WALTER J. CUMMINGS Chairman of the Board of Directors of the Federal Deposit Insurance Corporation ATTEST. Walter J. Owens Secretary No. 2907 Federal Deposit Insurance Corporation WASHINGTON, D. C. EFFECTIVE Jan. 1st, 1934 WHEREAS, by satisfactory evidence presented to the FEDERAL DEPOSIT INSURANCE CORPORATION it has been made to appear that MEDFORD NATIONAL BANK, Medford in the State of Oregon is a member of the FEDERAL RESERVE SYSTEM entitled to become a member of the Temporary Federal Deposit Insurance Fund and to the insuring of its de posits as provided by law from the date hereof until July 1, 1934; Now, Therefore, I, WALTER J. CUMMINGS Chairman of the Board of Directors, do hereby certify that MEDFORD NATIONAL BANK, Medford, in the State of Oregon is a duly qualified member of the Temporary Federal Deposit Insurance Fund. IN TESTIMONY WHEREOF witness my signature WALTER J. CUMMINGS Chairman of the Board of Directors of the Federal Deposit Insurance Corporation ATTEST: Walter J. Owens Secretary The First National Bank "A Departmentized Bank" Medford National Bank
