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