MEDFORD HAIL TRIBUNE, MEDFORD, OREGON, WEDNESDAY, MARCH 14, 1934.
Electrie company has launched an Im
pressive ssles and advertising cam
paign for 1834 which fully demon
strates this company's fslth in the
future.
Among visitors at the meeting were:
Judge Appleton, of New York, vice-
president of the O. B. Co., Carl Sny
der, of Cleveland, Ohio, manager of
the dishwasher division of the G. E.
Co., George Ruck, of San Francisco,
Faclflo coast manager of the G. E.
aales department, George Boring of
Portland, district manager of the O.
E. Supply Co., and L. A. Iserman, te
frlgeratlon sales manager of the O.
B. Supply Co., of Portland.. ;
C ,
On your way to Crater Lake, stop
at Union Creek Restaurant. Open
Sunday.
Bars Local Business line L. D.
Sanderson, representing a wholesale
Jewelry house, Norman and Orlck of
San Francisco, left Tuesday morning
for the south after spending three
days here on business, and as guest of
Homer Fellett. He reported business
fine- throughout his territory, which
extends from Sacramento, through
Eureka and Orants Pass, to Medfo:d,
but this city in better condition than
any of the others, Judging from busi
ness gslned here. He placed hi, largest
order In this city, he stsied, and
?ound Medford, In other respects, too,
looking mighty good.
Bs correctly corseted In
an Artist Model by
Etbetwyn B. Hoffmann.
In keeping with the times Drugs
snd Toiletries at Cut Prices at JAS
MIN'S DRUG STORE.
Seed Potatoes. Earliest of All, Bliss
Triumph, Quick Lunch, Esrly Ohio,
and Esrly Sunrise, bee us for prices.
Medford Seed As Feed Co.
TO BE MADE ONLY
Farmers Can Obtain Credit
Over Period of 3 to 12
Months if Security War
i ii i
rantsCharges Kept Low
PXGT5 EIGHT
mm
0M
0
0
. Application for production loom
to termers In Curry, Josephine, Jack-
ton, Douglas sod Coos counties are
now being received by L. J. Deuel,
eecretary-treasurcr of the Medford
Production Credit association. Ac
cording to Mr. Deuel all loans will
be made on a business basis and ao
oordlng to the security furnished by
the applicant.
"The loans that will bs made In
this county and the other four
counties carved by the Medford as
sociation muse tie good loans and
loans that are collectible If the as
sociation is to continue as a perma
nent service to farmers In this and
other communities, as Intended," Mr.
Deuel said.
Not All Need Credit.
"Fortunately, not all farmers In
this county need credit," hs con
tinued, "but for those who do the
association stands as a business or
ganizationnot as a charity Insti
tution. Loans may be obtained for
periods of 8 to 13 months by any
eligible deserving farmer who needs
credit and has security; but u a
farmer is eligible for credit It must
be extended on a business bssis."
Each applicant has to-state In his
application what property he Is offer
ing to secure the loan, Mr. Deuel
aald. Security for these loans will
consist of first Hens on crops, live
stock or other personal property on
which a lien or chattel mortgage
be taken on property already In the
possession of the borrower, or to be
purchased with the money borrowed.
It la not intended that production
loans shall be secured principally by
mortgages on real estate. Where this
type of security Is taken It will be
regarded only as additional collater
al. Keep Charges Low. '
Mr. Deuel said that ths charges on
production loans would be as low as
possible In keeping with business
credit. A small fee is charged to
Inspect the property offered as secur
ity by the applicant,
The mimlmum amount of a pro
duction loan la $00. The Interest
rate at present Is 4 per cent cent,
charged only for the actual number
of months the loan Is .outstanding.
The Interest Is not oollected until
the loan Is due.
Loans may be obtained' to purchase
such Items as seed, equipment and
fertilizers, or to oover the cssh costs
of growing, cultivating, or marketing
crops: and for the production of live
stock, and dairy and puoltry pro
ducts. Most of the loans will run from 8
to 12 months, and are to be due and
payable at the time when the crops
and livestock flnanoed are sold.
Loans such as those on dairy cattle
may extend longer up to 18 months
and ordinarily will be repaid from
the sale of products of the dairy fi
nanced. t
Join Association.
Each farmer borrowing for the first
time automatically becomes a mem
ber of the association, since each Is
required to own voting stock In the
association equal to 5 per cent of
the amount he borrows, The stock
may be purchased with a part of the
loan proceeds. It Is the only voting
atock of the sasoelatlon and may be
purchased only by borrowers, each
having only one vote regardless of
the amount borrowed.
A farmer who becomes a member
of an association does not havs to
"stand for" the loans of the associa
tion or the debts of other borrowers.
The stock carries no double liability.
. Any possible Impairment in the val
ue of the stock of ths association
will affect the Individual borrower
only insofar as his ovn stock .holding
Is concerned.
The Medford P-.oductlon Credit as
sociation, vrhlcti Is authorized to
make loans lr. this county. Is one of
seven which hire been established
In this str.ee. Most of the cspltal of
the assrclstlon Is provided by the
Production Credit Corporation of
6pok'ne, Washington, which Is sup
ervising the work of associations In
t'.ls state.
SALES MEETING IS
HELD INJjDFORD
An Important sine meeting of
southern Oregon aid northern Cali
fornia dealers snd power company
representstlves was held at the Colo
nial club Tuesday with severs! wail
known members of the General Eleo
trto company present to discuss plsns
for .spring snd summer aslea cam
paigns, i
Tlie meeting opened with a lunch
eon at noon followed by a business
session during which those present
lesrned msny things of Interest about
Uie new 1034 sales snd advertising
plans which will feature the popular
General Electrio refrigerators, ranges
and dish washers.
An interesting film showing the
conversion of an old fashioned kitch
en Into a.modern all-electric kitchen
was exhibited during the afternoon
session and demonstrated fully the
; ease with which this transformation
may be accomplished In any home.
Business conditions throughout the
nation now appear to be on a definite
trend upward aocordlng to the east
ern visitors who are completing a
tour of msny of the principal cities
and buslneas centers of America.
Tangible evidence of Improved con
ditions among the genersl public Is
shown by greatly Incressrel sales of
electric equipment ror the home dur
ing the past few month. The CMneral
3
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Wardoleum
9x12-ft. Rugs
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too.
9k 12 -ft. Rugs
$00 95
Seamless Axmin-
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Studio Couch
$28 so
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flirt tarrying tharg
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Longwear Sheets
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filler. 81x99 In.
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Bedspreads
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$noi.5o
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Innerspring
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Double Deck
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A sensational value at this low t ,
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25
24X
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JJT
Poster Bed '-0
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in hardwood. Wal
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Feather Pillows
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21x37-ln. Curled chicken
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Others from $3.95 to $4.95
$2.95
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117 So. Central
Telephone 2S6