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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (May 10, 1935)
ilEDFOTvD MATL TRTBTJOT. rEDFOKD, OTIEGCVS'. FRIDAY. MAY 10. 1935. PXGE NOTE 10 BONUS BILL TOLD BY BANKACT HEAD Two Billion in New Cur rency Would Bring About Inflation Fear and Bad Psychology Eccles' View GREAT-GREAT-GRANDMOTHER SUES By NATHAN HOIIERTSON Associated Press staff Writer WASHINGTON, May 10. (Jp) The opinion, that Issuance of S2,OOO,0O0, 000 In new currency to pay off the soldiers' bonus u-ou:d constitute In flation to the extent that It created a "fear psychology that would came & rapid velocity of funds" wa ex pressed today by Marrlner S. Eccles. governor of the federal reserve board. If such means were used over and over again to pay government debts, the value of currency would depre ciate In proportion to the fear creat ed, he added. Displace Fxlsting Money He testified to a senate banking subcommittee on the omnibus bank ing bill while a delude of telegrams arrived at the White House urging either approval or veto of the Pat man bill for paying the bonus by 'a attlns new currency. Questioned by Senator Couzens (R . Mich), the former Utah banker said the $2,000,000,000 new currency that would be issued under the Patman bill would "not increase the amount of money outstanding" because it would displace existing currency. In itself, he said, the bill would provide no more inflation "than if you put out that much of govern ment bonds." Senator Glass (D., Va.), who op-, poses the Patman measure, said It. If enacted would "make It so easy" to pay government Indebtedness with new money that the government, printing presses would be running In definitely. Control Nwessary Eccles testified that public con trol of national credit end monetary policy was essential to promote re covery. He denied the measure would make the reserve system a "football of party politics o: an engine of in flation." "The proposals made in this bi'l are definite and limited in scope and arise out of the experience of the past 20 years. They are not revolu tionary: they do not alter the fun damental character of the federal re serve system, or the regional nature of Its organization." "There is nothing in this bill that would increase the powers of a po litical administration over the re serve board," he added. Reading from a long prepared statement. Eccles asserted the "need for public control of the function'of supplying the .medium of exchange to the people of the United States, both by issuing currency and by reg ulating the volume of banks depos its, seems to me to be almost a non controversial matter. "It is in direct recognition of the constitutional requirement that con gress shall coin money and regulate the value thereof." LEGION SALE ARE 24 M 25 Mrs. Julia A. Frledrich. 90-year-old great-great-grandmother, In Los Angeles court where she asked tor a divorce from her 71-yeaMild husband, August Frledrich. She testifier! he no longer loved her and complained about her cooking. Her daughter, Mrs, Grace Barrett (right), 56, and her granddaughter, Harriet Jones (left), 21, mother nf two children, were in court with. her. (Associated Press Photo) ROCKET SHIP WILL MAKE 4400 M. P. H. IF IT S PERFECTED BIBLFUffRENCETO P Ad A DEN A, Cal. (UP) Aeronaut ical exports of the California Insti tute of Technology estimate that with the solution of mechanical dif ficulties rocket ships can be built capable of flying 4400 miles per hour. The panes would resemble dragon flies, with thin stubby wings and long spindling bodies. Their noses would end in air-ptcrcing points. Such a plane was designed by Wil liam Bollay, graduate research stu dent. He calculated that a rocket ship must carry 85 per cent of its weight In fuel liquid oxygen and gasoline. This mixture would be ex ploded in a propelling exhaust from a Jet at the tail. The plane would take off at 95 ; miles per hour, climb to the strato- i sphere at 90.000 feet in five minutes, and have a celling of perhaps 120.000 j feet. The climbing rate would be ten j times that of the fastest military Mechanical difficulties are far be- J$ yond the ken of present aircraft facil- i ; itles. he said. There would first be the task of constructing a stiff tubu lar fuselage and wings that would f'.i .old up at such tremendous speeds, j; Ordinary ships would melt from w the heat of tlie air friction, he said, it Thepllot must be protected some- & how or he will be scorched at one end and frozen at the other. Liquid oxygen for the fuel is of sub-rreeztng temperature, whll ethe rocket Jet ex plosions would reach several thousand decrees centigrade. Bollay explained. Scientists here agreed that the first use of the rocket ships twill he In pilotless flights to the stratosphere carrying self-recodding instruments. Some experiments already have been made along this line. producing drugs in the barbituric acid group, the commissioner pointed out that nine deaths from the dis ease had occurred here in the first ten weeks of this year. "How close the connection may bo is still a moot question." Fronczuk declared, "but health authorities are awaiting the final decision from the research laboratories and clinics as to the possible effect on the blood of using these sedatives to excess. Exhaustive study of the problem is still going on and the final word ha not yet been spoken. Until something more definite is known, we can at least avoid the possibility of it (lukemia) being caused by excessive use of barbituric acid by avoiding the use of the va rious sedatives and hypnotics which an so frequently advertised as "non habit forming drugs." Friday, May 24 and Saturday. May 25. will be Poppy Day In Medford On these days the women of Medford Unit No. 15 of the American Legion auxiliary will distribute little nd paper popples on the treet to be worn in honor of the World war dead The observance here will be part of the annual nation-wide observan-e of Poppy Day? during which million of Americans will pay tribute to the memory of the war dead by wearing memorial poppies. Poppy Day activities here will be directed by a committee from the Auxiliary headed by Louise Cleaves, chairman. A large corps of volunteer workers will be organized to cany out the distribution of the flowers. The Doner noooles which will be ' ' worn her have been ordered from the Veterans hospitals In Portland and Roseburg. where they have been made by disabled World war veter ans. The poppy making has provided employment for needy veterans through the winter and spring months, enabling them to help sup port themselves and families. Public response on Poppy Day will determine how soon and how extensively this work can be re-opened. In exchange for the paper noppleH, the Auxiliary women will ask each person to make a contribution for the welfare of the war's living vic tim's, the disabled veteerana, the wid ows and the fatherless children of veteerans. This money will be used entirely . in the welfare work of the Legion and Auxiliary, the bulk of It in the work of the local post and unit. A prediction by the United States department of agriculture is that the prices of farm machinery In 1935 will be slightly higher than during the preceding year. Use Mail Tribune want ads. SIGN 22 HERS FOR 20-30 CLUB Twenty-two members were signed up by Medford 20-30 club last nlht at their regular meeting at Hotel Medford, a series of 12 probationary meetings for new members having Just ended. The club hiSa sent a pe tition for a charter to the 20-30 club headquarters at Sacramento, and 1 planning a big "charter night" when it is received. Besides the new charter members. Lyle Llndley. Earlwm Cutler and Carl Rassler were accepted into the club. It was announced that a team lead by Aubrey Sanders won the attendance contest, and will be treated at a stag party In the near future by the los ing team, captained by Lem Mass'e A big "hard time" dance Is also be ing planned. Another announcement stated that the project of cleaning up the Jack sonville cemetery has been complet ed. Paint used in reflnlshtng the fences was donated by Coleman's Hardware at Jacksonville, and Porter Lumber Co. and Hubbard Brothers of Medford. Guests were True Runyon and Cor dy Sunderman. 4 The cash income from North Caro lina farms was about (238.000.000 tn 1934. representing a gain of 35 per cent over 1933 and 143 per cent over 1932. E CAT POPULATION ROME (UP) Another roundup of cats to be domiciled in reclaimed areas of the Pontine Marshes will be undertaken shortly, officials said. The new battalions of cats will replace those who have returned to Rome from Llttorla, a distance of 40 miles, where they were taken last summer and during fall months. The roundup will serve a two-fold purpose. It will provide caSa for the new areas and help rid Rome of Its only offensive night noise. Now that all motor traffic must travel with out use of horns, Rome's nights are only broken by the cries of thous ands of cats for which the city Is famous. There probably are more cats per capita In Rome than any other city of Its size tn the world. To avoid the possibility of cats growing tired of the quiet surround ings of the Llttorla Province and re turning to Rome, they will be trans ported In darkened boxes and driven over Rtg-wg routes after dsrk. Officials will avoid collecting the legions Irom the Flora, since the first contingents of mice hunters were selected in those sections of the city. Use Mail Tribune want ads. Use Mitt Tribune want ads. Piles TO ALL WHO SUFFER FROM We ure you to step Into Jarmln Drug Store and get Just one email box ol MOAVA SUPPOSITORIES follow the simple directions and you'll quickly see he the pain ag ony and even the mental anguish can be allayed ana quelled. you get rest and comfort once again. No more suffering. If you'll give yourself this chance. Cot la but 60 cents with the .....ht.m that tntl mllAt mt-. Tpaillta or your money cheerfully refunded. RECTAL Suppositories SENIORS ENJOY PICNIC AT JACKSON SPRINGS About 120 seniors of Medford high school left early ths mornng for Jackson Hot Sprngs, where they ari spendng the day n the annual senor picnic, one of the highlights of the whool year for the graduating class The group is under the supervision of Miss Ma urine Carroll, dean of girls, and Leland Mentzer. Livestock men say cows fed with good hay and on pastures suffer fewer digestive disorders than those fed heavily on grain. 30c per gal. "Grade A" Milk and Cream from Tested Cows Kershaw Milk Depot 106 N. Ivy St. in unnkmg water AT MERRICK'S OPENING AGAIN iaturday -1 P. M. Enjoy Yourself In Southern Oregon's Best Known Swimming Pool where the water is pure because it's Chlorinated. Meet your pals at Merrick's tomorrow afternoon. A successful and constructive Bible conference will close this evening at the Baptist church, at 7:45 o'clock, when Dr. B. B. Sutcliffe gives the last of a series of talks. His topic will be "The Wlrld's Golden Ages." Many throughout the to 1 ley are fa miliar with Dr. Sutcllffc's weekly Bible exposition and have apprecia ted the opportunity of hearing him in person. Dr. Sutcliffe will leave to morrow for the east to meet other speaking engagements. More than 7. 600 elm trees Infected with Dutch elm disease have been found so far in the area around New York harbor. EXPERTS SEEKING E Ask for S. & H. Green Saving Stamps Added Savings for You! Premium Parlor MAIN FLOOR in our Store; BUFFALO. N. T. (UP) Possibility of a connection between the marked increase in Hhe number of deaths from lukemia. dread blood disease which virtually always is fatal, and excessive use of certain sleep-producing drugs, was sen by Bufmlo Hpalth Commissioner Francs E. Froc zak. Warning against the constant use of hypnotics and so-CBlled sleep- ' r A I WHAT LUCK. ..my tcumiU co$cc, too! For a limited time, special prices on both tin and glass ars.durinq'Know Your Northwest fine Products"sale ...see your own eoartment Store a. Bargains Throughout This Big Store for Mother's Day MAIN FLOOR and BASEMENT 8 MAIN FLOOR BARGAIN BASEMENT- ' . '., ' i. 2 -V-V i i V W'W-arocer today! COTTON The Season's Biggest Style News Gayly Printed Voiles 35c They were a 'enntlon last year. The bright pliild and prints In thop make them the big thing for sports frock.. Yard Cotton Print 25 The Bummer version of this all-season favorite has been especially priced for your selection Yd. D&inty Batistes Tell a fu-hlon -lory or summer rliiint liics all IhHr nun. It" hjgr rrl'-i'"". take rare of volrimlnout 1eees and finning skirts so murb In vogue. In the mo"l iMfrate p;i.(rs. Yard 35C A Lucky Break For You on Spring Shoes Savings up to $1.50 $49$98$298 Plain and sports styles may both be had in this special group. Your choice of light and dark colors. Cotton Frock BARGAIN msKMKNT The Thrifty Solution to Tor Summer Clothes Prob!?i! A feature at i 59c - $1.25 Novelty Figures! PRINTS VIK1AIS BASK.MKNT ' yd. 19c Both small and large prints are included in this sheer wash, able fabric. Looks like chiffon and launders beautifully. Extra Value Without Extra Cost in These WOMEN'S SPRING COATS Swagger Styles Belted Models Values up to $24.50 $1495 Save as much as half in some cases. It's a pity to sell such fine quality at this price, but we need the space so they're yours for this all-time low. AH sizes are represented. This Hosiery Value This Hosiery Value Leads for Mother's Day Gifts! Full-Fashioned, Perfoct Service Weight and Chiffons. They're the perfect answer to "what to give mother." Phoenix No-Mend and Van Raalte Standard Qualities. Prices 79c $100. $135 Can Your Feet Go Places Comfortably? Yes, in SPRING ENNA JETTICKS $500 and $1300 livery new pattern In put thruunh a real walking test before It Is allowed tn hear the Knnn Jet tick name. That plus the fact that eiery Knna Jettlrk Is built to ftt accurately accounts fur their world-ulrle reputation for comfort, A nhoe which fits must be comfortable. 1 l T T r k2 M. M. DEPARTMENT STORE Medford's Popular Store Since 1894 't-iiii m mikm iiinii if tm'i'r -'" "nmn' 1 1 -yf!CV7Tt . jnim www mm ' -