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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (May 15, 1934)
MEDFORD MXTL TRIBUN7, MEDFORD, OREGON, TTTESDXY, MAY 15, 1934. PATJE FIVE E IMPROVING AC! Legislation Would Provide Several Billion Dollars to Erase Distress and to Raise Living Standards WASHINGTON, My 15. JP Leg islation requested by President Roose velt which Democratic leaders said would provide poslbly "several bil lion dollars" for home construction and Improvements, was Introduced late Monday In congress. It was ofered by Chairman Fletcher of the senate banking committee a short while after the President, In a special message, had proposed govern ment Insurance of private financing for home construction and repair. Raise Living Standards, The legislation was recommended as a move to "alleviate distress," help employment and raise living stand ards. Senator Robinson, the Democratic leader, said it was of such magni tude that it probably would take two or three weeks for final disposition. Under the bill, the government would create two corporations with a capita lstock of (300,000,000 to co operate with private companies In the huge program. A Home Credit Insurance corpora tion, created with a capital stock of (200,000.000, to be subscribed by the treasury. Insures Loans. The corporation, Robinson explain ed, would have power to insure all types of approved financial Institu tions against losses resulting from credit extended to home owners In the modernization of their homes. It also would have authority to In sure amortized mortgages on owner occupied homes, the Insurance to be on the mutual principle and on tho basis of 60 per cent of the appraised value as to new construction and 60 per cent In the case of existing homes. The corporation would Issue obliga tions guaranteed by the government end would act as fiscal agent when so designated by the secretary of the treasury. Another provision contemplates federal incorporate nof private mort gage asoclatlon to lend upon, and deal In real estate and to borrow money for such purposes. $5,000,000 In Stock. The minimum paid-in capital stock of the associations would be (5,000,- 000 and the control would be under the Federal Home Loan Bank board. Borrowings of the associations would be restricted to the current value of the Insured mortgages held, plus cash and bonds of the United States. They also would be. restricted to a fixed ratio of outstanding capital stock. A federal savings and .loan Insur ance corporation under the manage ment of the Federal Home Loan Bank board and with a capital stock of (100,000,000 paid for in Home Own ers Loan corporation bonds would be created. The stock would pay the same dividends as the Interest rate on the bonds. Build Reserve Fund. One section provides for the ac ceptance for insurance of institutions which are solvent and In sound finan clal condition. The premium rate for insurance would be equal to Y2 to 1 per cent of all accounts of an Institution to which insurance ap plies, the premium rate to continue until a 0 per cent reserve fund Is built up. An additional assessment of of 1 per cent Is authorized to cover losses. In event of an insured institution, the corporation Is obligated to pay each Insured shareholder the amount of his Insured account not exceeding (2,500, 10 per cent in cash, 50 per cent in one year end the remainder in three years from the time or ae- fault. Exempt from Taxation The corporation would serve as liquidating agent for the insured in stitutions. Its obligations would be exempt from taxation, but the real property may be taxed as privately owned real property. Another section liberalizes the dis count facilities of the Federal Homo Loan, banks and empowers them to advance funds to member instltu tlons to enable them to re-lend such funds to home owners In the modern izatlon program. It also provides for participation of farm credit associations In the home modernization program and amends the federal reserve act so as to classify six-months residential construction loans as commercial loans. " Thus, these loans would become eligible for rediscount If acompanled by a binding agreement of an accept able financial institution to take up the loan In the form of a mortgage upon the completion of the residen tial building. Construction Lags. In a supplemental statement ex plaining the need for the legislation. Frank C Walker, executive director of the National Emergency Council, said the construction industry "has been the most severely depressed of our large industries and the one that has shown the least response during the past year to the general eco nomic recovery." Walker placed the decline in an nua! nffcregate construction from (11.000.000.000 in former years to (3. 000.000.000 at present, with residential construction dropping from (3.000. 000.000 to (300,000,000. Vote for No. 14 X R.S.ANDERSON Non-Partisan Candidate for Circuit Judge DESCENDANT OF ANCIENT MONSTER Hero I a supposed twentieth century descendant of the prehlstorlo tyrannosaurus rex, known as the Komocfa. "dragon" and found on the Island of that name In the Dutch East Indies. Two amateur zoologists, T. K. Grlswold of Qulncy, Mass., and William H. Harkness of New York, are returning four of the specimens to the United States. The dragon shown here bit the East Indian native holding it after the plc ture was taken, (Associated Press Photo! ELKS AND 10 ENJOY PICNIC The annual spring picnic Till be held by the local Elks lodge at their Rogue river camp grounds Wednes day, May 30, It was announced at a committee meeting last night pre sided over by Joe Fliegel, exalted ruler. The picnic this year will include games, band concert a big feed with beer, and a boxing card as the windup attraction. Festivities will start early in the afternoon and the "feed" is scheduled for 6:30. The ring program will start at 0 o'clock. In addition to the usual attractions which make the Elks' picnics so at tractive for the members and friends, a "songfest" will be staged this year with a pair of versatile entertainer? leading the crowd in modern and old time favorite "barber shop" melodies. Exalted Ruler Fliegel last night ap pointed Wm. Hammett general chair man for the picnic and other chair men were named as follows, with authority to choose their committees: Leon Haskins, concessions; Larry Schade, fight card; P. C. Blgham, feed; Bob Strang, tickets; Johnny Reld, entertainment; E. O. Ferguson, publicity. . Tho picnic will be for Elks and their Invited guests and with con tinued good weather It is expected that one of the greatest turnouts ever seen at the river camp ground will enjoy the affair. IS. COOK'S GOODS ARE ORDERED SOLD An order to sell at private sale household Articles not "specially be queathed" was signed yesterday in probate court, upon request of Mrs. Mary Chishoira of Gold Hill, admin istratrix of the estate of Mrs. Jessie May Cook of Beagle, found dead be neath a tree near her home last March. The petition seta forth that the articles to be sold are of the probable value of (65. It Is set forth that the money derived thusly Is needed to carry out the business of the estate. Included In the list of Items are ten cords of wood, two shoats and a number of cooking utensils. Stated convocation of Cra ter Lake Chapter, R. A. M., Tuesday, May 15th, at 7:30 P. m. Visitors Invited. O. W. DeJarnett, H. P. GEO. ALDEN, Secy. San Francisco Butterfat. SAN FRANCISCO, May 15. (VP) First grade butterfat, 2i f. o.b. San Francisco. You Are Invited. To The FORMAL OPENING of the New i Baldwin Piano Shoppe 123 West Main Wednesday Night Music from 8 to Q o'clpck IL DAVID A David A. DeTour passed away at the veterans' hospital at Portland, Ore., May 13, after an illness covering the past five years. He was a native of New York state, and aged 60 years, 6 months and 2 days. Mr. DeTour was united In marriage to Miss Viola Eder, May 29, 1024, at Great Falls, Mont.1 He was a mem ber of the Spanish American War Veterans, having been a private of Company E., Second regiment ' of Massachusetts Infantry, U. S. volun teers. He was wounded In Cuba In the battle of El Caney, July 1, 1898. Mr. DeTour leaves his widow, Viola DeTour, and seven stepchildren: Mrs. Thelma Johnson, Miss Elda Rose DeTour, Medford, Ore.; Mrs. So phie Lane, Choteau, Mont.; Mrs. Eve lyn Steen, Miss Barbara Eder of Cut bank, Mont.; Ernest Eder, Arizona, and Louis Eder, Wolf point, Mont. Requiem mass will be offered at the Sacred Heart Catholic church, Wednesday morning at 0 o'clock. Father Francis W. Black, celebrant. Recitation of the Rosary will be held at the Perl Funeral Home this even ing at 8 o'clock. Spanish-American War Veterans will act as pallbearers and Company A, National Guard, will fire a sa lute, and ttaps will be sounded at the graveside. t BE The Production Credit corporation of this district, according to Secre tary Luther J. Deuel, is now pre pared to grant loans to turkey grow ers. Turkeys are not regarded by tho government as "collateral" until the birds are eight weeks old. Many of the county flocks have now reach ed that age, and come under the contract terms. Others will be eli gible within the next two weeks. Early reports indicate that the Jackson county turkey crbp will be about the same as last year. STARTING WEDNESDAY Oiling of the Crater Lake highway from Little Butte creek to Trail will stnrt In the morning and will be completed within 30 days to avoid the heavy summer traffic, V. L. Good night, resident engineer of the state highway department, announces. Equipment of the Northwest Road Construction company, which has the contract for the work, la being Installed. ZERO HOUR NEAR Citizens Being Urged to Let Nothing Interfere With Friday Ballot Casting Campaigns Peaceful Votera of Jactvson county yesterday started to shake off some of the apathy that has marked their Inter est in the primary election, and there were signs of an awakening clvio spirit throughout the county. A general call has gone forth for all voters to go to the polls Friday and cast ballots on men and meas ures as they deem best. There has been a response which bids fair to gain momentum between now and election. Citizens were being urged to let nothing Interfere with voting. County Assessor J. B. (Blin) Cole man estimates that 50 per cent of the voters of the county will jour ney to the polls. This means that between 6500 and 7000 people will vote. There are 16,702 registered, but it Is figured the actual number Is between 13,500 and 14,000. There was an excessive registration two years ago when all comers were sign ed up. Many of these have moved on. Governor Race Interests In contests for state offices, the main local interest centers in the race for governor on both the Re publican and Democratic tickets, Considerable Mahoney sentiment has arisen In the past ten days, causing valley Democrats to get busy In be half of General Martin. Attorney George A. Codding this noon spoke over the radio In behalf of the gen eral. Joe M. Dunne, father of the $5 auto law and a veteran legislator, has gained decidedly the past week among Republicans. It started In the Ashland district and spread to this city. Sam Brown has strength in the country districts among the Grangers. Holman has lost strength in this county since he refused to resign from the state treasurershlp while running for governor. His en dorsement by the revived "Good Gov ernment Congress" also hurt, partic ularly in this city and Ashland. The race for congress between Jas. A. Mott, Incumbent for' this district, and J. M. Devers has aroused about as little conversation as has any contest on the Republican ticket. On the Democratic side. William Delzell, well known here, has caused more enthusiasm than his two opponents Goss of Coos and Turner of Linn county. County Campaign Quiet The campaign for county offices has been the quietest in years with not a drop of bitterness and no speeches. Candidates have been go ing about the county shaking hands and rounding up votes. The electo rate the past three days have started asking what candidates had the en dorsement of the "Good Government Congress." The campaign to date has been the freest of canards in years. A few were started shortly after the filings closed but were promptly nipped when the people were urged to go to the court house and investigate from the records any wild claims. It Is expected that the usual eleventh hour canards will start blooming late Thusrday, too late to refute. The polls open at 8 In the morning and close at 8 In the evening. There are three ballots Republican, Demo cratic and Non-Partisan Judicial, which contains the amendments. The count is expected to be slow. STRAW HAT DAY Tomorrow! LOOK AT YOUR HAT Everybody Else Does For a brighter outlook on life we recommend a new straw hat. Come in and see our splendid selection ... A new style for every face ... A straw for every purse I Panamas, Bankoks, Featherlites, Sennetts, Helmets, from the world's best makers. Priced from $100 to $850 Your Leading Clothier for 31 Years Second Car Unloading Ihs second carload of new Firestone tires for the Firestone Service stores, Inc., of this city. This Is the second fnll cnrload of tires to he received by this Medford firm In three weeks. Lower left, Curt Hopkins, manager of the Firestone Service Stores, showing Herb Orey, advertising manager of The Mall Tribune at lower right, the newest Firestone. STATE FILES BRIEF N SCHERWIERHORN'S FIGHT FOR LIBERTY In support of Its motion to dismiss the appeal of Gordon L. Schermer horn, former sheriff, under three years' sentence in state prison for conviction of ballot theft, the state, through the attorney-general, has filed a brief, written by Assistant At torney General Ralph E. Moody. Copies of the document were received by the district attorney's office to day. The brief holds that the lower court had no jurisdiction for the extension of time, after February 5, last, and that it Is not within the power of a nunc pro tunc order to restore "what should have been done, but was not done." The state also holds that the right of appeal Is hot a constitutional right, but a "courtesy assured by legisla tive act," and that it rests with the defendant to file, transcripts and briefs within the statutory time al lowed. The defense brief submitted by At torney Frank J. Newman, contends that the delay was due to Inability to procure the transcript, owing to the illness and accumulation of work upon the court reporter, and that dili gence was exercised in perfecting the appeal, and the delay was due to cir cumstances over which the defendant had no control. Schermerhorn was sentenced last August 7, with other defendants In the ballot cases, by Judge George F. Skipworth. Ho served notice of ap peal and furnished 97500 bonds pend ing Its outcome. Extension of time was granted at Intervals. The last one, for the filing of an appeal brief expires Thursday, May 30. 4 Reports for Duty Second Lieuten ant Trygve Bogevold, Engr.-Res., re- ported for duty today at CCO district headquarters, having arrived here from Sitka, Alaska. Lieutenant Boge vold was graduated from Texas A. and M. with the class of 1933, and also graduated from the R. O. T. O. at the school. MIm Elfert Returns Miss Edna Elfert, who spent 'the week-end In Portland as the guest of her sister, Mrs. M. E. Schoonover, has returned to Medford. Firestones in Three Weeks Meteorological Report May 15, 1034 Forecasts Medford and vicinity: Cloudy to night and Wednesday. Not much change In temperature. Oregon: Cloudy tonight and Wed nesday. Fog on the coast. Cooler east portion Wednesday. Temperature a year ago today: Highest, 69; lowest, 4ft. Total monthly precipitation, .20 Inch; deficiency for month, .36 Inch. Tootal precipitation since September, 1033, 9.38 inches; deficiency for the season, 6.72 Inches. Relative humidity at ft p. m. yes terday, 22 per cent; ft a. m. today, 75 per cent. Sunrise tomorrow, 4:49 a. m. Sunset tomorrow, 7:2ft p. m. Observations Taken at S A. M 120th Meridian Time If Bv 1J Si Boston Cheyenne Chicago .. Eureka ...... , 74 . 63 . 64 , 62 54 .13 40 46 64 48 68 .... 68 .... 13 .'.86 68 .13 80 .... 68 .13 64 60 63 63 63 88 48 64 64 .44 Rain Clear Clear Cloudy Cloudy P. Cdy. Cloudy Helens, 80 Los Angeles 80 MEDFORD 85 New Orleans - . 83 New York. Omaha 78 Phoenix .102 Portland 83 Reno 86 Rcseburg .............. 78 Salt Lake City .. 78 San Francisco 64 Seattle - 78 Spokane . 86 Walla Walla 03 Washington, D.O. 84 Cloudy Rain Clear Clear Cloudy P. Cdy. Cloudy Cleat) Cloudy Cloudy P. Cdy. Cloudy Cloudy Sliver. NEW YORK, May IS. OP) Bar sil ver steady, Vt lower at 44 'A. Admiral Byrd Picks His Men I DO YOU? FREES' GARAGE Is where per sonal supervision Is more than Phone 1522-Y As near as your Telephone Where Every Dollar Does Its Duty ' mrm nuiiiTi FITCH HEARING ON LI SLATED 3 O'CLOCK (Continued rrom page one) have been traced to homes in the west end of the city, where they were stored until their circulation was started last Friday. State authorities have received copies of the pamphlet and will take action, It is expected. The perjury and subornation of perjury angles of the pamphlet will be prosecuted, ac cording to the district attorney's of fice. The affidavit was made by Talton Jack Bunch, prison Inmate until ft few weeks ago. The foreword was unmlstaekably written by Fehl. The affidavit Is the basis of Fehl's ap plication for a parole. The records of Douglas county show that Bunch was confined in the Roseburg jail at the time he avers he was In the Jackson county Jail, watching the ballot theft and preliminaries. The foreword charges that the C6C- 000 expended In the turmoil trials was used to bribe witnesses and Juries, and "handling of the courts," that Chief of Police McCredle and State Trooper O'Brien endeavored to Straw Hats Men's Dressy Milan Straw Snap Brim $ 1 Hats,....., A Genuine Toyo Washable Straw Hats Easy to Keep Clean Men's Imitation j -1 QA Panama Hats w P A M. M. Department Store m Seimpls fares below Indicate nomically you can travel to all parts of tho east this summer Three classes of fares to fit to your(Vacafion Budget. ROUND-TRIP FROM PORTLAND COACHtS TOUHIST HIST ClASS Denver..;... $38.35 $48.00 $57.50 Kansas City.. 8.00 57.60 72.00 Omaha 48-00 57.60 72.00 St. Louis.... 54.35 65.20 81.50 Chicago 57.35 68.80 86.00 NswYorlt.... 95.75 107.20 124.40 R.loni Unit Oct. 31. 45-doy tilth, long, limit lllsMlv Jl.tif. N... brflS Oct. 31. SU.pinB car chara.1 .tra. How ft I.M. Cooler Cloaner More Comfortable Alr.nndltlan.d Dlfi.fl aa UDt.rvanon b. I. ...ration on mo roniono hoi. w.tctt for wnnounc.rri.nr. to Wttfttf. Pair and Notional Part boofcUti m Ktjvtrt. Cea'l Jom. Otpl 7lh floor, PltltxV Hock, Portland, Ore, UNION have Bunch testify falsely s gainst the accused vote stealers, and the entire crime was a plot to "railroad" Fehl and aides to prison. The general attitude throughout the county Is that any attempt to resurrect agitation for political ends, should be silenced speedily, and not tolerated. A bile before BEDTIME ENCOURAGE RESTFUL SLEEP 0 FOR FLAVOR 100 Percent -A Home Product Rogue Valley CHEESE At Your Grocer GREEN SLABS PIHE 1 88 Per Load In Two Load Lots Compare Quality Low Cost MEDFORD FUEL CO. 11818 N. Central. Tel. 031 .45 $1-49 how eco u . fc win win inn i.ni kkHsisBfcir' W r nm PACIFIC 0
