MEDFORD MAIL TRIBUM. MEDFOKP, OREGOX. "UT.DNESDAY. FEBRUARY 27. 1935.
PAGE TTTREH
BY DOSE OF DEBT
E
Suggestion by Professor
Proves Proper Medicine
Public Works Gets Coin-Debt-Paid
Off by 1940
Odorless Cabbage
Is Developed By
Cornell Savants
ITHACA. N. Y.. Feb. 37. (API
An odorless cabbage, something
new In tbe vegetable world, waa
announced today at Cornell uni
versity. Tin way Prof. C. H. Myers ol
the department of plant breeding
got rid of the odor proves that
the ladles have been right in
turning up their noea at It.
The old. familiar "smell" turn
ed out to have been only an evo
lutionary hang-over which disap
peared when good breeding was
Introduced.
WILL HIT INCOMES
FOR MILLION IRE
!N CURRENT YEAR
(Continued trora rage One)
STOCKHOLM. (UP) Ever since
Sweden adopted tn 1933 the suggestion
of Professor Gunnar Myrdal "try a
. little dose of debt" 4hlne have
steadily Improved here.
So much so, that nobody Is sur
prised when the Economic section of
the League of Nations reports that
Sweden la leading the world out of
he depression.
But there Is some surprise that no
other country seems to be trying the
auccea&ful Swedish cure.
Back In 1933 the government asked
Professor Myrdal one of the younger
Swedish economists at the Unlveslty
of Stockholm to make an expert re
port on the contentious question
whether the government should, as
many advocated leave economic re
covery to "natural forces," or whether
It should try to stimulate it. And It
it should adopt the latter course, how
far should It go?
Dose of Debt
His reply, boiled down, was that the
government should try a "little dose
of debt." He emphasized the word
"little." Instead' of balancing Its
budget which would have a defla
tionary effect he suggested that the
government should run a little into
debt. It was like that principle oC
homeopathy that a very small dose
of medicine la more effective in
starting up the forces of recovery
than a large dose which builds up
violent resistances.
Professor Myrdal. although he la In
his early 40 s, has a couple of learned
tomes to his credit, and the conserva
tive classes were a little dashed at his
heterodoxy, though comforted by hi
suggestion that, to be effective, the
unbalancing of the budget should be
small.
This suggestion was adopted in the
budget for d933-34 and again that of
1934-35. Sweden has two budgets,
one of which the ordinary revenue
covers ordinary expenditures, and an
other called the capital budget In
which the state borrows money from
Investors and turns around and in
.vest it in revenue-producing enter
prises. The Income from these pur
chased assets, such as the shares of a
public utility enterprise, not only
covers the lnterett on the money bor
rowed but contributes a nice Income
for the ordinary budget.
Public works Program
But In the 1933-34 budget the state
borrowed 168.000.000 kroner say
$45.000.000 and expended It on non
re venue-bearing expenditures. Some
80,000,000 kroner were expended on
what the Swedish call "reserve public
works" by which they mean state en
terprises not within the scope of pri
vate enterprise and kept in reserve for
depressions. Only registered unem
ployed can be used on these. Another
60,000.000 kroner went into public
works of a general character many
of them novel In Swedish experience,
which were thrown open to anybody.
The third 28,000.000 kroner went
Into financing, largely, the erection of
buildings, et cetera, for public au
thorities. This unremuneratlve debt Is about
one-fifth of the total budget. That
Is, the budget was unbalanced by
about 20 per cent. Under the ar
rangements made, this debt will .be
paid off by 1940. Only about 40.000
unemployed people were actually put
to work under the schemes, but total
unemployment declined by much
more than this, from 190.000 at the
beginning of 1933 to 79.000 a short
time ago. a decline of 111.000.
That "little dose of debt" has
caused Swedish domestic prices to rise
from 110 to 118. although during the
same period the prices of foreign
goods imported rose only from 94 to
95.
KINGFISH FORCES
BATON ROUGE, La., Feb. 27.
(AP) Leading off with two of his
most Important measures, one strik
ing at a political enemy and the oth
er doubling the Louisiana public
service Inspection fee collected from
utilities. Senator Huey p. Long today
began sliding his 80 special legis
lature session bills through his house
ways and means commit nee.
Both houses of the legislature were
In adjournment until tonight.
Following almost to the letter his
past policy of taking charge of the
committee. Long drove bill after bill
through the favorable report, with
Rep. Jack Williamson. 25-year-old
Calcasieu parish antl-sdmlnlstration-lst,
playing his customary role as lone
oppositionist on the committee.
LETTER REVEALS
T
JOPLIN, Mo., Feb. 27. (AP) Ar
rest of a man accused of trying to
pass a counterfeit $20 bill here yes
terday may lead to the smashing of
an International counterfeiting ring,
a federal secret service operative said
today.
A letter found in the prisoner's
pocket' revealed that (20 bills had
been sent from Mexico city and that
thousands of dollars worth of them
are tn circulation.
The letter, mailed from El Paso,
Tex., officers said, was from the al
leged manufacturer of the bills In
Mexico and Informed C. C Reynolds,
the prisoner, that he had 300 more
bills ready for delivery.
The band of the Beaumont, Tex.,
high school won first place in the
state-wide contest for six consecutive
years. Therefore It is not permitted
to compete In the 1935 event.
fices or national committeeman, state
central committeeman, state chair
man, secretary or treasurer of any
party organization
Except that it contains the 1200
exemption, the bill la practically the
same aa tbe Rankin bill, already
passed by the house and now repos
ing In the senate Judiciary commit
tee.
The vote on the bill was:
For passage Aiken, Best. Burke.
Bynon, Chinnock. Duncan. Dunn,
Ooes. Lessard, McCornack. McKay.
Pearson, Spauldlng. Staples, Stelwer,
Walker and Corbett,
Against passage Allen. ' Carney,
Flsheru Franclacovic.h Hazlett. Hess,
Lee, Strayer, Stringer, Wallace.
Wheeler and Zimmerman.
Absent Dickson.
Milk Bill Reported.
Two bills which have been shuf
fled around for a number of weeks
came out on divided reports and
were scheduled for special order ot
business during the afternoon. One
of these Is the firemen's and police
men's pension bill and the other the
milk control measure.
Indefinite postponement killed two
bills at the morning house session.
One provided benefits for needy
blind persons and the other pro
vided for a state reformatory for
first and youthful offenders. Both
carried appropriations and were
frowned upon by the Joint ways and
means committee.
knew. She was sitting up In bed play
ing a strange piano.
The dreamer laughed next day.
but later, drew a picture on the back
of an envelope. It locked much more
practical on paper, and he promptly
drew up a diagram.
After many years his dream has
materialized in the window of a Lon
don shop, which exhibits a complete
invalid piano.
The keyboard extends over the bed.
and is adjustable to any angle suit
able to the Invalid. The pedal move
ment is regulated by the knee action
of the player.
The gas given off from naphtha
lene crystals, the base of moth balls.
Is deadly to the grubs of the Japa
nese beetles In the soil.
KMth Ntsewanger, 11, of Council
Bluffs. Ia., confined to a hospital for
months, kept up with his studies.
The special teacher assigned to him
called him a splendid student.
4
In a cracker-eating contest at Bell
Buckle. Tenn., Virgil Evans and Cecil
Penn tied for first place by consum
ing 150 each.
DEALS DESCRIBED
(Continued from Pag One)
band of Mrs. Bruce, 1 D. Sheparri.
Melton's tax attorney, and Johnson
was originally named.
Son Took Helm
In 1035, Johnson said Paul Mellon,
son of the banker, replaced Bruce
as chairmen of the committee with
the retirement of Mrs. Bruce In favor
of her brother.
In exchange for the $200,000 par
value stock which Mrs. Bruce turned
over to Aacalot. stocks and securities
valued at about 7.000.000 were car
ried on the books. Earlier. It was
brought out Mellon gave the $7,000,
000 to his daughter as a gift.
The board previously eird testi
mony by Johnson that the other Mel
lon holding corporation Coalesced
had purchased securities from Mel
Ion's brokerage home a few hours
after Johnson sold them to the
brokerage house for Mellon. The gov
ernment claims such transaction1,
were made so the stock Iowa might
be deducted in the financier's income
tax report.
M
SEED LOAN ACTION
Hope of early action by congress
to provide funds for seed loans Is
contained in a telegram received to
day by Guy W. Conner, local fruit
man, from United Stntrs Senntor
Charles L. MrNary.
The telegram reads as follows:
"Seed loan bill presented In form
of Joint resolution yesterday and I
shall give It my active support. Think
It will reach consideration of senate
and house during week."
L SCHOOL
RELIEF WILL END
WASHINGTON. Feb. 27. Mt Hat
ry L. Hopkins, the relief administra
tor, was d inclosed today to have de
termined to shut off the flow of fed
eral relief funds to hard -pressed
schools alter the current term.
t-etter have gone out to governors
of several states advising them of the
new policy.
The decision to halt PER A aid to
schools was revealed In testimony by
Dr. J. W. Studebaker, federal com
missioner of education before a
house appropriations subcommittee
The plan la to place more of th
burden of school jupporl on state
legislatures.
The Methodist Episcopal church.
South, began 1935 with 2,761,971 lay
and clerical members on its rolls, re
ports Dr. Curtis B. Haley, official statistician.
South Dakota's rural credit agency,
established In 1917. had liabilities of
(M.407.0.S8 52 at the end of 1934. and
assets of $40.656.736 43. its director
reported.
The cup thai cheers!
Any line tea cheers ind
stimulates, but Schilling Tea
"cheers" right out loud V,
it's so full of flavor.
It has more flavor jpj
because it s toasted.
Schilling
Toasted l eCl
SALEM. Feb. 27. (AP) Restora
tion of 50 per cent of the salary
cuts for state employes Imposed by
the 1933 legislature, and complete
exemption on salaries of $75 and
less was voted by the Joint ways
and means committee last night.
The 50 per cent restoration which
will be incorporated Into a commit
tee bill, will set up a salary reduc
tion schedule for the next two years
ranging from 4fc per cent on salaries
from $76 to $100 a month, to 15
per cent on salaries above $600.
The committee reported favorably
a bill calling for an appropriation
for the state's share of cooperative
work in the operation of CCC camps,
thohugh reducing the requested ap
propriation of $49,000 to 920,000.
An appropriation of $500 for tbe
painting of a portrait of. Governor
Julius L. Meier was approved, with
the specification that the work be
done by an Oregon artist.
BED-RIDDEN PIANISTS
PLAY BRITISH DEVICE
LONDON (P) A piano which can
be played by invalids in bed hai
been created out of a dream.
An old man, of slender means,
once dreamed of an Invalid girl he
ECZEMA itchihg
torment and promote healin
miarca skid ujirn-
Resinol
4oF
5
tep into
Trie QsomfortlLom
SIT back in the tear seat of the 193$
Ford V-8 and change your idea of what
an automobile ride is like!
A way has been found to give rear seat pas
sengers the comfort of "a front seat ride!"
Ford has done this with a new engineer
ing development Full-floating Springbase
with Comfort Zone Seating. ,
You might have been satisfied with
nothing more than Comfort Zone Riding
and the proved Ford V-8 engine together
in one car. But the 1935 Ford V-8 offers
you many other features almost as important.
It is a roomier car with more leg room
wider, deeper seats. It strikes a new note
in streamlined beauty. Interior Bttings are
Easy ttrmt through Vnivmal
Crtdit Co.. tht Amthorix4
Ford Finance Plan.
almost luxurious. Large, soft-pressure tires
are-standard. Safety glass all around comes
at no extra cost.
And, in addition to low purchase price,
the new Ford V-8 gives you traditional Ford
economy. It uses no more gas than a
4-cylindcr car has low oil consumption
seldom needs valve grinding or carbon
removed.
See this 1935 Ford V-8 today. It's new
automobile value!
AUTHORIZED FORD DEALERS
FOBDlS
FOR J 1935
It J'" '
IBHHBavstaMkiaaaBHiaaaaaHaBwafll
C E. GATES AUTO COMPANY, MEDFORD, OREGON
Here Are A Few
Of The Ranges
On Sale
HOTPOINT
three plateg, open colli standard oven.
Clearance sale price .
$25.00
HOTPOINT
Automatic RA-M with four plates, solid
elements. A real value at., ,
$38.50
WESTINGHOUSE
automatic with clock, three plates, open
colls and double oven. A fine range nt . . .
$30.00
HOTPOINT
Four plates, open rolls, 18-lnrh oven, warm
ing compartment. Super automatic with
timer and reciprocating snitch. A bargain
at .
$40.00
WESTINGHOUSE
automatic, three plate, open colli, Priced
for Immediate sale this week .
$35.00
HOTPOINT
automatic, three plate, open colls. Here
Is an exceptional) good buy at this price . .
$35.00
L. and H.
Console, three plate, open rolls. Specially
priced for this clearance nt . . .
$35.00
STANDARD
Four plates, open colls. A good, serviceable
ranee at a xtry moderate price .
$25.00
UNIVERSAL
three plates, solid element". Be sure to see
this rap when you attend this sale
$30.00
MARION
Two planes. This small range Is Ideal for a
mall home or apartment.
$20.00
A Sweeping Clearance
of RECONDITIONED
LECTRIC
ANGE
28 of Them And Every One
A Bargain! See Them at
COPCO BUILDING - BASEMENT
Small Down Payment
Easy Monthly Terms
Here ia an opportunity to enjoy the advantage of electric cooking at surpris
ingly moderate cost . . . This lot of ranges, offered in this sale, were accepted
on the purchase of new ranges during the recent Modernization Campaign
conducted by this company . . . each one has been thoroughly reconditioned
and put in good, serviceable condition.
Free Wiring Service On Each Range Purchased
0
While Selection Is Complete!
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