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