PAGE EIGHT
MEDFORD MAIL TRIBUNTE, MEDFORD, OREGON'. MONDAY. MAY 20, 1935
SYSTEM ON FRUIT
LOANS EXPLAINED
BY LUTHER DEUEL
yond the control of the borrower, the
proceeds from the aale of fruit do not
pay the cost of production. This haa
happened In the paat and we might
Just aa well admit that it ia going to
happen to ua In the future. For thf
reason it la particularly Important
that we be assured that the financial
position of the borrower la auch thit
we will be able to carry over hta de
ficit and provide hie financing when
that year cornea and he an tain a
loan. Thla point cannot be too greatly
AtreAsed, although In many instance
( nnvan fa 1 la frrtm m ft If 1 no t Vi lrtfl.n
Integrity Of BorrOWer And ' to a borrower when hie current crop
I pri)- ivt iwi very
Abilitv To Repay Are
Main Considerations Says
Association Manager.
At a state meeting of Production
Credit association-, held at Portland
lAsi week, Luther Deuel, manager of
the local awoclatlon. delivered on ad
dreee of "Fruit Loans," in part aa fol
lows: "The basic principal to be given the
greatest consideration in making a
fruit loan is Just tho the same aa any
other type of loan the integrity of
the borrower and hl ability to repay.
In considering fruit loan, my re
marks wll bo principally confined to
deciduous fruit. In this meeting It 13
scarcely necessary to give definitions.
Tn making fruit loans in the state
of Oregon we are principally con
cerned with apples and pears, al
though the soft fruits such as
peaches, apricots, prunes and cherries
come in for consideration. I believe
that Hood River and some of the
Washington district raise a far su
perior apple to those produced In
Southern Oregon; however. Southern
Oregon, and particularly Jackson
County, la supreme In certain winter
varieties of ppars, such as Cornice and
Anjoua. Regarding thla lat state
ment. I hope there are no conscien
tious objectors present.
In making fruit loans It 1 very im
portant that we consider the produc
tion in other arena. Thla la particu
larly true of early varieties such m
the Bartlett. California and Washing
ton produce a very largo tonnace of
good quality Bartlett pears. Thla,
along with the Oeorgia peach crop,
materially affects price of our Bart
lett peara and, to aome extent, the
later varieties. Naturally, we cannot
delay making a loan until we know
definitely the crop conditions in
these other areas; however, nature
takes care of thla for ua to a great
extent. The average production over
the United States over a period of
year indicate that all district verv
seldom have a maximum crop th-;
same year.
When a fruit loan application Is
presented to ua. we first make
rather careful analysis of the produc
tion per acre. On mature tree IS
years and older. If the production is
less than 200 boxea per acre we con
alder the orchard to be marginal and
no loan rhoultl be made, regardless of
the additional security offered. If ww
should make a loan of this type, the
borrower in any average year, wltn
tho exception of excessively high
prices, would not be able to break
even. We are not only doing the bor
rower no good but we are throwing
hia fruit into competition with tlu
legitimate growers who produce suf
ficient tonnage per acre to operate a
profitable orchard.
After determining that tho produc
tion la suficlent to Justify the loan,
we next go Into the financial condi
tion of the borrower. During past
years large profit have been made
from the production of fruit. For this
reBson a great many of our orchard
ownera are heavily Involved on real
estate Indebtedness, due to the fact
that In purchasing their orchards
they paid an exceaMve price, In somo
inaUincea being rb high as 2000 pr
ore, which is entirely out of lino
with present day prices of their com
modity. We do not reject fruit loan
on this account If the borrower has
substantial equity in the property on
present day values. We must, how
ever, be assured that delinquent in
terest, principal payments and taxes
are not an f ft dent to endanRer hU
possession for at Itrmt two or three
years.
No Crop failure Losses
Both the Region and the Associa
tion for the past thiee years have
been very fortunate In not making
lofse due to crop failure. However,
we know that In anv ten-ye.nr period
there always conies the year when. fT
some reason due either to (iwt, wind
halt or other climatic condition be
lt is further essential that we loan
only to experienced operators to
those who have aucoessfuly operated
a fruit orchard for from at least three
to five years. In most cases a tenant
should not be granted a loan without
the endorsement of the landlord, as
we usually find that the landlord
does not choose to operate the pro
perty because he has been unable to
do so profitably. There are, of course,
exceptions to thla rule, particularly
where a widow or other heirs have in
herited an orchard which waa uc
cessfully operated by the owner. In
this case It is quite practical to make
loan to a tenant but, even then, the
landlord should endorse the paper.
Budgets Important
In makjng fruit loans, budgets are
very important. Unfortunately, the
grower In the past have not built
budget information. The building of
the budget, to a great extent, falls
upon the association. After develop
ing the budget and setting It up on
the application, it la very important
that a statement of the expenditures
of the last advance be furnished the
association with each request for an
adltlonal advance. These expenditure?
should be actual and not be made to
conform with the purpose of the ad
vance. By preserving these statements
of expenditures, we will have a record
which will very materially assist In
compiling an intelligent budget for
future years. It Is very important that
the budget be sufficient to cover all
the necessary operation. By cutting
down on the spray program, material
damage may result. It la also Import
ant to get the first advance to the
borrower in sufficient time for his
dormant spray. San Jose scale has
probably been responsible for as
much cull fruit a any other one
pest. Wo insist that a dormant spray
be put on every year, regardless of
whether there !s any Indication of
scale or not. It Is much cheaper and
easier to prevent San Jose scale by
spraying when there apparently Is
none than It I to kilt It after the In- ,
featntlon becomes serious. Fertlll&a-1
tlon is also an Important item which
should be Included in the budget, i
However. I believe It Is true that the
owner's shadow 1 the best fertilizer
rnroimige F, O. B. Sales
Fruit thould be sold on the same
basis as any other commodity when
the price right and the condition la
prime. We encourage our borrower
to take as many f. o. b. sale as poti
slble. particularly when the price
available Is sufficient to show even a
small margin of profit. We have a lit
tle different problem than the live
stock men, who certainly should sell
at the market when their beef 1
ready. Extensive cold storage facili
ties have been built up in the last
fifteen years which have encouraged
the producer of perishable commodi
ties to hold his product for specula
tion. Tins. In my opinion, has caused
the decline of the popularity of the.
Bosc pear. Sales aaenta and commls- i
slon merchants have attempted to j
hold the Bosc pear In storage for a
late market after the Bartlett were
all disposed of. Thla has resulted, to
a great extent. In all varieties of
pear being pushed forward into a
season beyond their storage life in
prime condition. It has, undoubted1),
hurt the whole industry. We encour
age our borrowers to sell a many of
their Bartlett to the cannery a pos
sible and put all other varieties on
the market In their proper season.
We particularly favor the pooling
of these varieties, as the market nvwt
be fed from early tn the season until
the expiration of the storage life cf
eavh variety In order to get the maxi
mum price for the fruit. If the fruit
Is not pooled, some growers are pen
allied by taking low price early In
the season will la other growers get
the high price late In the season.
Naturally, under these conditions. '.
glowers would prefer to wait for a
high market, which causes congestion
and over-ripe fruit. When the fruit Is
pooled, no individual grower carca
who fruit is sold first ss he will get,
the average for the season. This is
also a. great protection for the loan
ing agency.
Iimpeetor Vital
Too much importance cannot he
placed on the ability of the inspector
in making fruit loan. Although he
cannot estimate a crop In January or
February, he can tell the potential
possibility from the fruit spurs. He
can also get some 'dea of what the
orchard has produced in past year
by the scars of lost year's crop and
by the shape of the limbs. If they
curve downward, It indicates that
they have carried a heavy load In the
past. It Is important that he should
understand quality of soil, soil depth.
Irrigation and drainage problems. The
elevation of the property is an Im
portant factor to consider in the
necessity for smudging. It is often
noticed In an orchard that the lower
limbs will have suffered frost damage
when the fruit at the top of the tree
will not be affected. This Indicates
that a slight variation in altitude
materially affects temperatures. There
should be a variation of varieties In
the orchard to provide for proper pol- !
HnlKatlon. In some districts !t is pos
sible to anticipate that hall will be a
greater ha7ard on one orchard than
another. When this Is the case, the
loaning agency should require hall
Insurance on those particular orch
ards which have suffered more fre
quently than others.
All the foreoing conditions will af
fect the borrower's ability to repay. I
wish to stresa again that some year
we are going to be faced with a crop
that dov not repay the loan and that
the undisturbed possession by the
borrower of a good property for at
lejt three years Is a most important
factor."
L
IN 1336 IS
President Continues To Hold
Strong Personal Popular
ity Among Voters Though
New Deal Losing Ground.
INS
AT9A.M.TOMORR0W
The bndy of Mrs. Edwin C. Mar
tin, the former Catherine Applegate j
of this city, arrived In Medford to-
day. Funeral arrangement are in
charge of the Perl Undertaking
home, and a requlm maas will be
said by the Rev. Father Francis
W. Black at the Sacred Heart Cath
olic church tomorrow morning at
9:00 o'clock. Interment will be In
the Jacksonville cemetery.
nonary will be said at the Perl
parlors this evening at 8:00 o'clock.
TRAVELOGUE ENJOYED
AT CAMERA CLUB MEET
A vivid description of a motor trip
through England, a boat vcyage on
the Rhine, a home-coming visit t-
Holland, and Impressions of the Paa
slon Play In Oberammergau, given by
Mrs. Theodore Malmgren, delighted
the audience of the open meeting of
the Camera club last Thursday night.
Pictures of the cathedrals, castles and
home, and of the scenes of the Pas
sion Play supplemented the story.
The Art Exhibit beginning June
which is for the display and recogni
tion of local artists and handtorafters
work, wa explalnfd by Mr. Howard
Le Clere. T. J. Rodcllffe told of new
book on photography available from
the state library.
Next meeting Is June 20, plac t-t
be announced.
Lawnmowers: Sharpened. Phone
301. Medford Cyclery, 33 N. Fir.
By Roger Rahnnn.
BABSON PARK. Mass., May 20.
(Special.) The first pre-1936" politi
cal survey Just completed by my sta
tistical organization shows that
President Roosevelt continues to hold
his strong personal popularity
among the U. S. electorate. At the
same time, however, the new deal a as
suffered further losses in confidence
In the last year. The survey also In
dicates that, while many believe a
third party ticket will be In the field,
the big majority have no fear of Its
influence on 1936 results.
Measure Political Currents. j
Annually for four consecutive years;
the Babson organization has con
ducted a survey of political and busi
ness trends. The questionnaire In
each instance has been sent to the
same broad list, thus giving a good
picture of the shift from year to year
in political currents. Those receiv
ing the annual questionnaire are In
position to supply a complete cross
section of the national opinion. They
Include newspaper editors, bankers,
labor leaders, lawyers, manufactur
ers, governors, mayors, physicians,
chamber of commerce secretaries and
others in touch with public senti
ment. Everybody surveyed Is asked I
to nvold giving his own personal
opinion but to present the views of
the community as seen from daily
contacts.
The survey of a year ago indicated
that the president's popularity was
Just as strong as the day he took
office, but that the new deal had
begun to weaken. This yenr's ques
tionnaire indicates that political
thought la running in the same
channels. President Roosevelt Is still
very strong with the people In nearly
every section. According to our In
quiry, he stands to be re-elected In
1936 by a vote of at least 363 out of
a total of 631 votes in the electoral
college.
Carry 34 States.
On the basis of this questionnaire,
he should carry thirty-four out of the
forty-eight states, and of the remain
ing fourteen states only seven are
definitely listed as Republican. Tho
questionnaire shows he may lose New
Hampshire. Connecticut, Delaware.
Maine, Michigan, Pennsylvania and
Vermont a total of seventy-eight
electoral votes. Doubtful states arc
largely mlddlewestcrn. They Include
Iowa, Indiana. Kansas, Massachusetts.
Minnesota. New Jersey and Wiscon
sin a total of ninety electoral votes.
One of the specific questions In the
questionnaire was: "Have you lost
confidence In the new deal?" 50.4
per cent answered "No" and 49.6 per
cent answered "Yes" an almost even
split. The Investigation Indicated
that the majority of the people are
not yet worried about Inflation. In
regard to business 53.7 per cent felt
that the business recovery was pro
ceeding in a reassuring manner,
while 46 3 per cent either did not see
an Improvement or felt that recovery
was artificial. "Has the business re
covery been because of or In spite of
the president's program?" was an
other question. 52.3 per cent said
"Because of" and 473 per cent said
"In spite of" again almost an even
split.
Again States Neutral Portion.
In commenting on this survey, :
want to emphasize that I have avoid
ed expressing my own opinion. I re
iterate my recent statement that I
am not a partisan. I believe In many
of the goals of the new desl even
though I have at times severely crit
icized, and probably will continue to
question, some of Its methods.
(Copyright, 1935, Publishers Finan
cial Bureau.)
INTEREST GROWS
S 10 ATTACK
L PROBLEM!
SAN ANTONIO MEET
SAN ANTONIO. Tex., May 30.
(Spl.) Kiwanlans from all parts of
the U. 3. and Canada today com
menced the business sessions of the
10th annual convention of Kl wants
International and prepared to attend
conferences to study civic and urban
rural problems, child welfare, adult
education, taxation and plans fo.
economy and efficiency in govern
ment and the public schools. The
convention Is to last four days for
planning 1935-36 activities for the
service organization. j
Dr. William J. C'arrlngton, of At- J
lantlc City. N. J., president of Kl-1
wanls International, urged a rebirth
of the spirit of the pioneer. "New j
social frontiers challenge us every- !
where." he declared. "Fortunately the 1
U. S. and Canada ere free from the
hot flames of nationalism! What does :
Klwanis see ahead in the future? j
Continued membership Increase and .
extension into new communities are
signs of recovery In business. The !
progress which Klwanis ha made in 1
the past year Ia an indication that we
are forgetting the depression," he ex-
plained. ,
Tonight over 1847 clubs In towns ,
over the North American continent !
will meet simtiltaneously at 9 o'clock; ;
(C-S.T) to observe All-Klwanls night, j
This meeting brings the entire mem
bership together for a fellowship
moment of silence and an expression
of gratitude for the civic and welfare
accomplishment of the clubs during
the last year. A national broadcast
will unite 85.0OO members on the
North American contlnuent.
4
Read the Mall Tribune classified
ads.
LEADERS OE CCC
Considerable Interest Is In evidence
In the banquet to be sponsored by
the Jackson County chamber of com
merce on Thursday, honoring Major
and Mrs. Clara H. Armstrong and
Major and Mrs. Ovens, it was an
nounced today by w. 8. Bolger, toast
master. A an added attraction for the ban
quet a group of internationally fam
ous alngers ha been signed up for
the event snd wilt supply the musics'
part of the entertainment.
Chief Forester C. J. Buck of Port
land ha made a reservation a have
Tom Jones, supervisor of the Klanv
ath National Forest. Yreka; O. E.
Mitchell, supervisor of the isklrou
National Forest of Grants pr.ss; Karl
Janouch, supervisor of tne Rogue
River National Forest. Medford: Su
perintendent David H. Canflelrt of
Crater Lake National Park, and Carl
Y. Tengwald. captain of the National
Guard. Reservations have il been
received from the Roseburg. Orants !
Pas and Ashland chambers of corn- j
meroe. i
"Officers of the CCC and their wtver !
are expected to attend, but the exac
n umber has not yet been deter :
mined." stated Mr. Bolger.
In view of the fact that It is de
sired to let the hotel know how manv
will attend, ba early as possible, reser-
vation should be made Immediately ;
at the Jackson County chamber of
commerce. Ladles are especially In
vited. The dinner will commence
punctually at 6:30 and will conclude
by 8:30, thus giving ample time fur
those who so desire to attend the
OCC fights to be held at the Elks
club at 9:00 o'clock.
"New Pioneers'' Sail
SEATTLE, Wash.. May 30. (AP)
The rolling strains of "The Stars and
Stripes Forever" from farewell bands
at the dock sent the big white army
transport St. Mihlel, laden with ex
cited Michigan and Wisconsin fami
lies, away to Alaska Saturday, the
second contingent of the govern
ment's Matamuska project.
"KICKERNICK"
Undergarments that fit at
Ehelwyn B. Hoffmann's
Home portrait ol family groups
and children at Special Price .
Sh angle Studio Phone 1308.
I HAVE A ROTTEN TIME AT PARTIES.
MEN SIMPLY DON'T SEE I'M THERE.
I'M POLITELY IGNORED AND
WHAT CAN I DO ABOUT fT ?
ANNE, DONT BE ANGRY, BUT
IF YOUD JUST BE A UTTLE
MORE CAREFUL ABOUT B 0.
USE LIFEBUOY.
HOW REFRESHING A LIFEBUOY
BATH IS! AND THERE'LL BE NO
B.O TO CRAMP MY STYLE AT
THE DANCE TONIGHT
0x
route A
PRETTY FAST
W0RKER.ARENT
YOU? WE ONLY
MET TONIGHT
BUT I FEEL AS IF
I'D KNOWN YOU Aa
MY UFE. YOU'RE
THE GIRL OF MY
DREAMS COME
AUTOMOBILE
INSURANCE
See
CARL Y. TENGWALD
125 West Main St.
The way they do it today
A Modernized
House
does not look like an old one Nxp'I
over ... It looks a joort nml Is
as pood us a complete new house.
CALL US All our plans. Infor
mation, service; .securing work
men, etc.. are FREE OF COST OR
OBLIGATION.
Woods Lumber Co.
lackson at Genesee Phone 10.H
( YES, IT ALL ENDED IN WEDDING BELLS AND
V ' - AM I GRATEFUL TO LIFEBUOY I '
( " ( ITS DONE WONDERS FOR MY SKIN, TOO )
W r J
& : .-If Ifjj sJ J- gently rids pores of clogged
, sp7 eA wastes. Yet tests on the skins of
j hundreds of women show Lifebuoy
iVv1 --ioi VvL " more than 20 per cent milder
Y thin rnanyso-called''beauty soaps".
DECORATION
DAY -Onto Aaad
Enjoy Your Taip
3ry ai tittle ai
25c week
tre$fone
AUTO SUPPLY
& SERVICE STORES
Ninth and Riversioe. Fhnn ,r)20
t J
itf
PERFECTION
The Result of Directed Effort
Truly Itr.iutirut llilti; ;trr nmrttnie brwutit the pnni-r
of in nil In rrprotltn , jel It l oftrn fiMinrt that titer
I a k iMTfcrll.m iiiil II man nihl hU effort to thwr of
nnturr. IliU f i mil trp murk- the illffrrrnce between
the r.immonlinr nnl the icrfi't In the prmtlce f Ml
ptor.oti. nml h;,v ulih , frntri a c,vil of Ultinmir
pe-'rcMon hmanl nhlrh t ho-e mh lutrd with u ron
Mantlt trlte.
CONGER
Funeral Parlor
West Main nt Newtown
Cnlirlted fur membership In
Order of (inlden Rule snd
rtrt-linrd.
0 IPS. K. J. Kjnolt Tob. Co.
LOUGKHRIGhispliycd
in more than 1500 con
secutivebig league games.
Such an athletic achieve
ment takes "wind"
healthy nerves "condi
tion." Lou says : " For
steady smoking I pick
Camels. They're so mild
they never get my 'wind'
or my nerves. "
' T-ij-Cr. Betty Bailey -!ft-' Y i -
BASEBALL t ? TOMMY AMtOUt i
lOU GEH.IG M-T)ffi.'iK! WTon.r. h Or... '
r rVa I M BOS.r WmthOU., J.. . !
i I . - 177
OA
v-Vs w
-i.-fl!irr' v
1, niJiM irCTX4rr
NEWSI 1 t 1 I i ll 11 l4 I t
Of course you want mildness in a
cicarette. And the athletes to
whom "wind," healthy nerves,
"condition" are vitally important insist on mild
ness. Lou Gehrig, baseball's "Iron Man," says:
"Camels are so mild they never get my 'wind.'"
George Barker, intercollegiate cross-country
champion, says: "Camels are so mild, they don't
cut my 'wind' in any way." Bobby Walthour, Jr.,
star of the six-day bike grinds, says: "I've got to
have 'wind' . i bike racing. For my cigarette I long
ac,o chose Camels."
Tommy Armour, speaking fo" golf, Bruce
Barnes for tennis, and Betty Bailey for the aquatic
sports all ae;rcc: "Camels don't get your "wind."'
What this mildness means to youl...It means
you can smoke as many Camels as you pleaie.
Athletes say Camel s costlier tobaccos never dis
turb your nerves never tire your taste never
get your "wind."
GOOD
Most of the plraunt thing tn
lite are doubly pleasant hen
you re 'in condition.' That
w hy it i such good new s to hear
that Came! costlier tobaccos
are so mild vou can smoke all
you plc.ic. Athleit-s wv Lauicli
ncur get )uux "twud.
ft
TOBACCOS !
Camels arc maJe from finer, MORF EXPENSIVE TOBACCOS
Jrkish and Domestic than any other popular brand.
(5-iW) R.J. REYNOLDS TOBACCO COMPANY. Winston-Salem, N. C