Medford mail tribune. (Medford, Or.) 1909-1989, August 08, 1934, Image 1

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Medford mail tribune., August 08, 1934, Page 1, Image 1

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Newspaper Page TextEDFORD WINNER Pulitzer Award AIL TRIBUNE FOR 1934 MJEDFOllD, OKECOX. WEDNESDAY, AUGUST 8, 1934. Twenty-ninth Ytar No. 118. I EDUJEB i JVl The Weather Forecast: Fair tonlcht and Thursday: not much chant In temperature. Temperature: Illfhent yesterday M Lowest thin morning.. 52 M M TOMS mm Vgs I car plunges off -Bknd STEEPBANKWHEN ffWfe REAR TIRE BURSTS By PAUL MALLON WASHINGTON, 0. C, Aug. 8. First-class conomlste will tell you privately that the main thing wrong with thla coun try now 1 not (Die lack of mon ey or the value of It, but the atagna t 1 o n of what there la. Little la eald about that aub ject. There are bo official fig urea on It. Current talk jiaa centered mainly around , the mounting to Paul Alallon tal of excess reserves in federal re aerve banks. These reserves have more than doubled In the past year and now amount to Borne $1,800,000, eoo or i, 900.000,000. . Big as that figure la, It Is only a bint of the Inner problem. If you jnaie a little Investigation In the right place, you will find that the banks of this country have today about tl0,000.000,000 of stagnant money they could lend. In addition, there Is yet about il.000,000,000 or il.SOO.OOO.OOO In actual hoarding In aafety deposit boxes and In socks. In other words, the stagnant money rn this ctuntry amounts to about 12.000.000.000 In round numbers, 13,000.000,000 Idle dollars which are Ktot doing anyone any particular good. An Idea of how staggering that sum is may be obtained from the fact that It Is twice as much money as there Is. You may suspect offhand that, therefore, It la a mistake, but It Is really a most conservative estimate. The amount of money In circulation has little to do with lending capacity. The sama money Is loaned over and . over, again by banks. Loaned money to spent and redeposlted In some bank by the fellow who ultimately feta It. It really does not leavo the banks. It only goes to work there. The proof of the figure lies In the fnct that bank loans now amount to 13,000,000,000, or half of what they amounted to before the depression (the average for the pre-dcpreislon period was around 926,000,000.000.) Prom the comparative' condition of tanks today, the best experts deduce broadly that at least ten billions more could be loaned If the public wanted the money and the banks wanted to lend It. There Is only one explanation for this situation. Either the banks have Insufficient confidence to lend freely or the business public has Insuffici ent confidence to want to borrow freely. That may sound like two ex planations, but it is really only one. Banks will lend only when they believe loans are good. Business men ,llt seek to expand their loans only t -hen they see good profits coming ' from getting Into debt. It bolls down to the same essential underlying cause. Some people will say the banks arc at fault. It may bo popular to take that view, but It Is not good sense. Most bankers like that good old 5 r 6 per cent interest coming in when they can get It. They cannotemake money out of stagnant money. Also, they certainly cannot go on long paying 3 per cent Interest unless they can put those savings deposits eut at S or 9 per cent. They actually Have fallen Into the predicament of !" "u 1' . ; .nn. o much money they do not know ,ht to do. One good effect of this condition Is to sustain the government bond mar ket. In the absence of commercial outlets, banks naturally seek Invest ments In quick a-wets, the best of which are government securities. Aa long aa the condition continues, the government will not want for money to borrow. The hoarding Is being done this time by the well-to-do and not by J the poor. A private check-up shows that most of the hoarded money Is In bills of large denominations. Most of It unquestionably Is In aafety boxes. The poor are spending and putting their little savings. If any. In guaran teed banks. The total amount of hoarding to day la about half what It waa at the peak before the bank closings. If all this money could be spent In the next three months and only half of the available bank money could be put to work In loans, the upswing would make you dizzy. It ahould have been pointed out In yesterday column that the republi cans do rot airee with the demo cratic congressional committee on the result in Oklahoma. The republlcana believe they can prove that the three primary casualties there were blows to the new deal. No non-partisan will want to referee that depute. Tie btg housing man. Moffatt, lives on his yacht l ere. Ii fi!!s the haroor tike a battleship. (Continued on Fait Four- George Pomeroy of Albany, Calif., Victim of Mishap Between Diamond and Crater Lakes 2 Escape George Pomeroy, 35, Union Oil com pany employe of Albany, Calif., was Instantly killed at 2:30 yesterday afternoon when a tire blew out on the car he was driving, throwing the machine off a 17-toot fill about 1 miles from Crater lake on the Dia mond lake-Crater lake road. Pome rov'a eight-year-old son. Rodney, and Mrs. Dorothy Hall, 2131 Northwest Davis street, Portland, also riding In the convertible Chevrolet coupe, which belonged to Mrs. Hall, were . unin jured. The Ill-fated auto was traveling toward Crater lake, a short distance behind another machine driven by B. R. Glendenning of Sunnyvale, Cal.. In which Mrs. Pomeroy was riding with Mrs. Glendenning and the Glenden nlng's two children. The group had visited Diamond lake and were en route to California by way of Crater lake and Klamath rails when the accident occurred. Road Workers On Scene. Two members of a road crew were first on the scene, having seen the car swerve and plunge off the effl; bankment. They quickly extricated the woman and boy from, the machine which had turned over as It hurtled to the bottom of the fill. Pomeroy had been thrown partly clear of the car and his head badly crushed. He was breathing his last as the road workers scrambled down the bank to the wteck. A few minutes after the accident occurred, occupanta of. the Glenden ning car noticed that the second ma chine was not following, and Glen denning turned about and drove back. arriving upon the scene shortly after the road workers. Body to Klamath Fnlls. Pomeroy's body was taken to Crater lake and thence to Klamath Falls Tuesday evening. The remainder of the party spent the night at Crater lake, going. on to Klamath Falls this morning. An Investigation by Acting Superin tendent D. H. Canfield of Crater lake national park and Ranger? C. H. Simpson and Ray Hcndersr.n showed that the wrecked auto hac, been trav eling at a Bpecd of ar-out 25 miles per hour. Apparently a rear tire had blown out, causing. ihe driver to lose control as the machine reached the fill. The roacVay at the. point is In excellent condition, wide and smooth. The machine was not badly damaged by the drop to the bottom of the fill. A DDfll Standing committeea tor the new administration were appointed and approved at the regular session of the city council last night as the most Important business to come before the meeting. Mayor Oeorne Porter stressed the Importance of the health commute and Us work, which will problem. 8. A. Kroschel waa appointed chair man of the health committee, other i members of which are R. O. Stephen- son and Larry Schade. Other committeemen were appoint ed as follows: Finance: C. C. Furnas, chairman; FtmJ Heath and Kroschel. Public Safety: Furnas, chairman; C. C. Darby and Fred Heath. Streets and Roads: Kroschel, chair man. Furnas and Schade. Land Appraisal end Parka: R. O. Stephenson, chairman; W. P. Stewart and Schade. Building and lights: Dade Terrett, chairman, Stewart and Darby. License: Darby, chairman; Terrett and Stewart. Airport: Heath, chairman; Steph enson and Terrett. The council went on record unani mously opposed to the sponsorship of a carnival In Med ford on August 13. Capt. O. L. Overmyer on behalf of the American Legion asked that per mission be granted to sponsor the carnival. A committee will Investigate the possibility of securing state or fed eral funds for part of the expense of widening Main street from Riverside (Continued on Page Three) BOYS TORN TO PIECES PLAYING WITH SHELL KOWRLL. Poland. Au. 8 fTj Flve little bora were torn to pieces today by the explosion of a World j war shell they attempted to tske spsrt. i To other Uda were badly Injured T..c boys were tending sheep at the I time. Where Von r : ; 'ici . u Wit The huge fortress-like memorial at Tannenberg will be the scene of a national funeral for Paul von Hlndenburg, idol of the German people. Chancellor Adolf Hitler (left) will deliver a funeral oration. The memorial was erected en the spot where Von Hindenburg turned back Invading Russians 20 years ago this month and his body will lie In this monument to his military prowess and his patriotism. (Asso ciated Press Photoa DRIVE ON FOREIGN Pear Markets IS PLAN OF OFFICERS A campaign will be launched the end of the week against drlvera of foreign licensed cars, In thla city and county, Captain Lee M. Bown of the state police announced today. The head, of the state troopers here eald It would be a systematic drive, and all autolsts coming tinder the etate auto law, would be subject to arrest, un less they purchased Oregon license plates at once. The Oregon law requires that all autos, where the owner la engaged In a gainful occupation, la employed, or has established a residence, however temporary, shall purchase an Oregon license, costing 95. Captain Bown stated that a num ber of fruit workers are under the Impression they do not have to pur chase an Oregon license, and some hold the Idea that the Oregon law applies only to Caltfgrnla autolsts. It applies to all states. A check-up of packing plants and orchards, by the state police ahows. Captain Bown says, that a number of fruit workers have their wives drive them to work, and come after them at noon and night, and do not park their cars at their place of employ ment, in an effort to evade the law. The authorities state there are "more outside workers than generally supposed" now In the valley. A check-up of the residential areas and. garages was made to determine the owners of foreign licensed cars. FRESH HEAT WAVE T By the Associated Prea Scorching temperatures burned ngaln today the mld-contlnent already hard hit by heat waves and drought. The new heat wave extends from the Rocky mountalna to the Appala chian highlands, and southward into the Gulf states, further damaging crops In sections that have been suf fering all summer. Temperature readings of 100 degrees or more are common throughout the stricken area. Hot wlnda In some parts aggravate the situation, par ticularly In Missouri, which with Kansas la among the sections hardest hit. Kansas City had an official high of 108 yesterday: St. Louis snd Wichita had 104; Springfield, Mo., and Okll zaua City. 102; Sprintrfleld, III., 104, and Concordia, Kan., 10B. TALK ON AIR AT 5:30 Dr. Haro'.d Llndaay Amoaa of New York will give t radio talk over NBC tonight at J 30. Pacific standard time, on the subject of Infantile paralysis Dr. Amoas U the brother of Mrs. Ralr Moore of thla city. The address will be given from the National Rockefeller Institution In New York, for which Dr. Amoas did medical research work 30 yeara ago with Dr. Abram Flexner. head of the Institution. Dr. Amoas previously worked on spinal meningitis research at Harvard, and since haa been pra?- Uciuj in rarlou. cltK. in tne tut. Hindenburg's NEW YORK, Aug. 8 (AP) (USDA) Pear auction market prices slightly weaker. 19 cars arrived; IS California cara unloaded; 13 cars on track. California Bartletta: 17,260 boxes, 1.50(3 3.20; average, 92.44. CHICAGO, Aug. 8. (AP) (USDA) Pear auction market: 10 California cara, 1 Washington arrived; 8 cars on track; 3 cars aold. California Bartletta : 1756 boxes. $2.05 g 3.00; average, $2.67. 30,000 IONS OF TOMATOES SEEN IN COUNTY AREA Commercial tomato yield for Jack son county will bo in the neighbor hood of 30,000 tons, according to County Agent Robert O. Fowler. He estimated 250 acres are planted to tomatoes and the average yield will be 12 toru to the acre. Theodore Fish of the Phoenix dis trict, who has 70 acres of tomatoes, said this morning that the price would be 912 per ton for No. l's, with the grower paying 35 cents per ton control agreement taxes. The tomato control board last week fixed the minimum price at 911.25 per ton. Both Fish and Fowler said the to mato crop had been hit by "wilt," ranging from 30 to 60 per cent dam age. Fowler reports that local canta loupes have started for market and that the melon crop Is good. Orow- ; Continued on Page Two) 10 PAY TRAFFIC FINE MINNEAPOLIS, Aug. 8. ( AP) Congressman Francis H. 8hoemaker, farmer-labor, Minnesota, Is not go ing to the workhouse for 30 days. He appeared b e f o rle Munlclpa Judge Fred B. Wright today and paid his fine of so, the alternative. The congressman was sentenced to "pay or serve' for fsllure to atop and give hia name after an automobile accident May 8. Age-Long Hatred Behind Algeria's Religious Riots CONSTANTINO, Algeria, Aug. .. AP) Conatantlne Is outwardly calm, Inwardly seething today aa the city preparea to bury Tlctlma of bitter Arab-Jewish rellgloua riot. There U an unconfirmed report that troopa have, been rushed to a distant city of Algeria. th name of which Is not disclosed, where an at tack on Jewish houses la allegedly planned. The battlea hay, spread to towns near Constantlne. Military precau tion have been strengthened. How many deaths have resulted U not known. An otrirlal estimate Is n. Moat of the victims were Jews. Unofficial estimate, are that 100 have been slain. "It will take daya before the world obtains a true picture of atroclliea during the pogrom In the Jewish qusrtere." said a correspondent of the Jewish Telegraphic Agency after a Hour of tba city, Body Rests FOR INDEPENDENT CANDIDATE FILING The season for. filing Independent candidacies for state and county of fices opened August 1, The state law provides that Independents may file, by petition or other wise, "not more than 100 days, or less than 45 days before the general election, which will be November 8, next. To date, no Independent candidacies have been filed with the county clerk, but In the neighborhood of half a dozen are threatened. Two are re ported as willing to make a "sacrifice" and run for sheriff, one for county commissioner, one for county Judge, and one for the legislature. The sheriff's office Is the favorite office to run for In this county. William N. (Farmer Bill) Carl of the Applegate, la the only declared prospective candidate so far. Carl, Inst June, declared he would make the race on a platform to "save Rogue River for the poor man." He also an nounced. If sent to the legislature he would ""wear no man's collar." Last reports from the Applegate said that the matter of circulating petitions was bothering Carl, as he Is very busy haying, irrigating, milk ing, taking butter fat to the cream ery, and looking after a dairy herd. The nominating petitions would re quire In the neighborhood of 300 names. 4- 4 MONTHS OL D SISTER BAN FRANCISCO. An. 8 (AP) Donald nd Henry George. 1-yenr-old twlnn. unwittingly trngled their 4 month old lister, Carol Bherlock, to death, police reported today. Mr. Sherlock heard the baby choking and called for an ambulance. A physician found that a marble and a piece of wood had been forced down the baby'a throat, atrangllng her to death. Crackers treated with ultra. rtolot IlKht help prevent the bone disease, rickets, in children, but do not keep aa well u ordinary crackers. Olrla, he said, had been mutilated, and "grey-beared Jew. were stabbed to death and little children put to death with knives. Just as In Palestine In IB2," the correjipondent continued, "th llsU of dead and Injured run Into the hun dreds with no official estimates avail able. Hoapltala are filled with Jew Uh victims and their doors are be sieged by half-crared wives r-nd mothers." By the Associated Press. Perhaps the most uncongenial nelghbora on earth. Jew and Arab, are obliged by fate and historical cir cumstance to live today side by side In hundreds of cltlea and thousands of miles of territory In northern Africa and Asia Minor. Between them la a dark feud, wl-lch has almmered for centurloa, and which occasionally breaks out In JCoc'in'jee) on ft To ROCHESTER VISIT President Takes Part In American Legion Cere mony Presenting Cita tions for Humanitarianism ROCHESTER, Minn., Aug. 8. (AP) President Roosevelt, the first chief executive to visit this city, shared ! the spotlight today with Rochester'a most famous cltlrens, the Mayo brothers, aa the city combined Its entertainment for him with ceremo- nlea honoring them. Praising the two world renowned physlcli.ns, Dr. William J. and Charles H. Mayo, opertora of the Mayo clinic, for their medical services, Mr, Roose velt added that thetr "true distinc tion la In the simple fact that you have put men'a sense of brotherhood and Interdependence Into a setting and have given It a new meaning." Citations rresentcd Addressing them as "neighbor," the chief executive parlclpated In cere monies in which the American Le gion presented to the two physicians citations voted at the last national convention, honoring them for their humanitarian accomplishments. During his visit Mr. Roosevelt found time to lay a wreath at the status, of Dr. Wllitam Worrell Mayo, fatiWr of the brothers, and visit Bt. Mary's hospital. "For fifty yeara you have given tireless, skillful and unselfish service here In thla state and city," Presi dent Roosevelt told the brothers, to whose hospital leading figures from all over the world have come for treatment. "These fifty years, the span of your medical practice, have covered prob ably the most remarkable period in the history of science." Advances Listed Briefly cataloguing the advances, he went on: "But despite the progress that you (Continued on Page rwo) SHIP LOCKS HAVE El PORTLAND. Ore., Aug. 8. (AP) Colonel T. M. Robins, division en gineer, announced here today that United Btatea engineers at Portland favor conversion of the barge locks at the $31,000,000 Bonneville dam to ship locka to permit ocean-going vea sela to pass into the upper Columbia river above the high dam. Col. Robins said, however, hs does not favor Improvement at this time, of the Columbia river channel be tween Vancouver and Bonneville to the extent where H could be used by deep water ships, "I am looking to the future," the division chief said. "By changing our plana and making the locka large enough to handle ocean-going vessels now, the added coat will be only 1.200.000. If the present barge locks plan waa carried out and later converted to ship lock use, wo would have to build a double lock. Approximately $3,000. 000 can be aaved by building the single locks now, big enough to handle ocean vessels. Col. Robins' full report has been sent to Washington, D. C, for review by the board of engineers. PLIERS ATTEMPT HOP TO BAGDAD WAffAOA BEACH. Ont, Au. 8. W James Ayllng and Leonard Reid took off at dawn today In an attempt to ny non-stop to Bagdad, Iraq, and break the world's long distance flight record. The heavily-loaded plane ran a mile and a half down the beach before soaring away at 0:12 a.m., eastern day light saving time, to the east. Ahead waa the dangerous North At lantic hop, the biggest haurd along the fl,500-mlle route to Bagdad. The plane, "The Trail of the Cari bou," la the same one In which Cip taln James Molllson and his wife. Amy, British fliers, attempted to take off from the ssme beach last year on a long distance flight, only to criwk up at the atart. "The Trail or the Caribou1 la twin-engined biplane. It carries no radio. 4 PORT EDWARD, Wis., Aug. 8.-(AP-Lewla Miller Alexander, 70, pto neer paper manufacturer, who died of a paralytic stroke1 in his home here last night, will be buried onv I urday in Milwaukee, where he lorm- erly UvsiL Max Baer Floors Rough W restler With Pop On Jaw FORK SMITH, Ark.. Aug. 8. ( AP) To find himself floored Is something unusual for Max Baer, but that's Just what happened to him in a local ring. However, the boxing champion soon had the situation In hand. During a wrestling bout he was refereelng, "Wild Red" Berry beat Jean LaBelle Into a groggy condi tion. Then Berry proceeded to put Baer on the floor with a wild blow. LnBellt was not able to arise and defend himself so Baer at tended to the matter for both. He let fly an uppercut and down went Berry The wrestler had to be helped from the ring. TAX L DEBATE PROVES SALESTAX NEED At a very Interesting and largely attended meeting of representative cltlrens from Jackson, Josephine and Klamath counties, In the basement lunch, room of the Hotel Medford to day, a debate on the proposed 20-mlll limitation measure waa carried on be tween Robert K. Smith of Portland, director of the National Security Ownera' association, and Ed White of the well known local real estate firm of Brown and White. Smith took the side of those opposed to the measure, White the aide In favor. Good feeling and fairness was dis played on both sides, and while the debate waa Interesting, the Important part of the meeting proved to be tho discussion that followed. While a ma. Jorlty of those present were strongly opposed to the passage of this consti tutional amendment at thla time, ail agreed that If Oregon Is to survive aB a going concern, a radical reduction of the property tax must be made. Finally the meeting virtually re solved Itself Into the sentiment that the only way out Is to keep after a state sales tax and pass It. even Mr. White strongly approved of such ac tion. He, however, felt that the re duction on property should be made before the passage of a sales tax; the other speakers felt strongly It should be passed after. As one speaker ex pressed It he did not believe It neces sary to wreck the state first and then pass remedial legislation amid the ruins. As a result of this meeting It Is planned to form a tax adjustment committee in Jackson county, to work wtth a state-wide organisation which was represented at the meeting by Mr. Henry Boyd of Portland. This organization Is designed to work for the defeat of the proposed measure, and whether successful or unsuccessful, continue to function In a persistent and continued drive to solve the critical tax problem of the state. Among those who attended the meeting and epoke against passage of the 20 mills limitation were State Senator George Dunn of Ashland. Supt. of Schools C. R. Bowman, County Assessor Blinn Coleman, Ben Harder, Supt. of Schools Fred Peter son of Klamath Falls, Representative Brockway of Jackson county, County Judge Earl Day and Representative Baker of Josephine county. BASEBALL AmerlMtn R. .11 9 Boston ...a...-, Philadelphia W. Fen-ell. Orove and rerreu; Caararella, Lagger, Flohr, Wllshere and Berry, Hayes. R. H. E. Cleveland U ' 0 Chicago 4 12 3 Pearson. L. Brown and Berg; Jonra, Oalllvan and Marjeskl. National R. R. K. Brooklyn I 1 New York 0 8 3 Mungo and Lopea; Pltralmnions, Bowman and Mancuao. Dannlng, R. H. C. Philadelphia a 1 Bonton sou C. Davis, Collins and Wilson: Cant well and Hogan. Plrst game R. . 7 .. 4 H. B. S 0 13 0 Chicago ......... Pittsburgh Malont and Phelps; Holley, Blrk- ofer, Chagnon ai'.d Grace. Second game: R. R. S. Chicago 14 IS 0 Pittsburgh - S 7 8 Bush and OTarrelli Swift, Orltnea and Padden, Bankrupt Farmers Need No Attorneys BERKELEY. Calif., Aug. 8. (API Charles Parker, prealdent of the Ber keley Federal Land Bank, today warned farmer to avoid lawyers who offer, for a fee. to obtain for them benefit, under the recently enae'ed FraEler-Lemke amendment to the bankruptcy act. TO 1936 CANDIDACY STILL HELD OPEN Senator Says He's Not Can didate, But Not Eliminat ing Self Or Anyone Else Election Too Far Off By CI.AVTOV V. BERN HARD Associated Press Staff Writer. SALEM, Ore., Aug. 8. (AP) Sena tor Charles L. McNary of Oregon, Re publican floor leader of the United States senate. Is not a candidate for the Republican presidential nomina tion in 1936, but he Is not eliminating himself or anyone else as possibilities in that future race. Senator McNary made thla clear la an interview here Tuesday afternoon, as he rested at hia- country place, "Fircone," In preparation for a trip to Chicago in October to meet wtth the Republican senate party commit tee which will direct the strategy in senatorial races in various atates this fall. He returned only thla week from Waahlngton, D. C. Election Too Far Off. "X am not a candidate for presi dent," McNary said, "and I do not know of anyone who Is, but I am not foreclosing anyone. It la far too early to consider the matter, and I have given the matter no thought whatsoever. In fact, I haven't dis cussed politics publicly, nor have I given out any atatementa." A story published here Tuesday said McNarya friends had been given to (Continued on Page Three) NEW YORK, Aug. 8. (AP) Thi Lindbergh law was Invoked today against a former chauffeur for Col. Henry Huddleaton Rogers after an extortion plot against the Standard OH millionaire was balked. The chauffeur, John Cvanlga, 36, a native of Pueblo, Colo., was arrested last night when he called for a suit case he believed to contain the 10, 000 demanded on threats of violence to Colonel Rogers' third wife. Lieut. Chariea E. Neuman aald ' Cvanlga confessed to writing the two letters which directed Rogers to leave the money In a suitcase at the shop of an llnocent tailor. Instructions were followed with dummy stacks of paper, covered with about 8100 In real bills. Cvanlga was seized by a squad of detectlvea who converged on htm as he left the shop. ROSElflTO IN SOUTH The state police were advised thla morning by the California state high way patrol that the Ford sedan, be longing to A. 8. (Rosy) Ttoaenbaum, waa recovered undamaged, on in. highway near Sacramento this morn ing. The two occupant of the car are held for return here. The car waa stolen from the South ern Pacific parking lot last Friday while the owner was within the da- pot. ABOARD S. S. EMPRESS OK CANADA, Aug. 7 Get this cnlcmliir mess yesterday was Sunday; wa had services on here find I Bent a daily wire. Now last night they informed us. "Tomorrow morninif when you get up it won't be Monday, it will be Tuesday." Now what I want to know is, did it miss Tuesday's papers or is this one going in Tuesday or is it Wednesday t In fact, I am not right sure about the month. Some man in a uniform could como up and announce, "Wo are skipping August," and I would believe him. I bet the Republicans wish they could have skipped a year ajro" the fourth of last November.