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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Oct. 8, 1936)
PAGE TWELVE arEDFCmT) MAIL TRIBUNE. WDFOim OREGON. THURSDAY. OCTOBER 8. 1936. TREASURIES GAIN T Estimate Billion Increase in . European Values Italy and France Reap Greatest Gain Through Change Copyrlcht, 19.1B. by the Associated Press IJNDON, Oct. 8. Piper profit to European national treasuries from currency devaluation! were estimated today at considerably more then 1,- 000.000,000. France was termed tha greatest gainer with her proflU predicted at 17,000.000,000 lranca of which ten billion were earmarked 'or the sta bilization fund to keep the franc on a parity with the United dtates dol lar and the British pound. The re mainder went Into the French treas ury. Italy added between 1,000,000,000 and a,000,000,000 lire to etock ol gold and foreign currency whoae pre-de-valuatlon was estimated at 5 000.000, 000 lire. The exact amount of Italy's gold itock haa not been revealed alnce be fore the beginning of the Italo-Ethl-oplan war. Italian offlclala Have declared they will ue realized proflta for paying expenses of the et African cam paign and other national necessities. They aald they do not plan to estab lUh a currency stabilization fund. Switzerland gained approximate ly 600,000,000 Bwlas franca and the Netherlenda about 177.000,000 gulld ara. other natlona profited to a leaser degree bccauae of smaller atocka of gold and lighter devaluation. Bumora have been hoard In Ion don financial contera of heavy specu lative profit made by those operatora guessing the ourrcncy trends before devaluations were announced. If auch transactions were profitable, they have been kept very quiet. REAL ESM AGENTS . TOLD TAX LIMITATION IS At a meeting of real estate and business men In this city Tuesday night, H. A. Dryer, president of the Portland realty board- 'waa main speaker, familiarizing real eatate agents with the Oregon realty lawa, and attempting' to bring about a better understanding of current prob lems within the fraternity. Intorost In the approaching tax limitation measure la atrong. Dryer told the meeting, with real eatate agents ovor Oregon largely In favor of tha proposed law. Dryer aald that passage of the measure In Washing' ton three and a halt years ago has resulted In the saving of 130 million dollars In that period, with the Seat tle mlllage reduced from 33 to 18 mills In the same time. Washington wheat lands, he aald were being taxed 30 to 40 cents an acre under the limitation act, while Oregon wheat landa are being taxed an average of ei.SO. "Tourists are passing up Oregon to settle in Washington becsuse of the lower taxes," Dryer said, " and you Oregon renl estate men are Just fool ing yourselves If you disapprove of the bill now pending. "Most of the landa we Oregon real estate men are aelllng to tourists, refugees from the drought states, and other outsiders, are lands that wore once held by people who were driven out by tho tax burden. We are only seeing the lands, at a vastly reduced price, to others who must carry on that tax burden. Why should out siders buy land here when the tax Is so much smaller In Washington?" Dryer nskrd. T. W. Zimmerman, secretary of tha Oregon Association of Realty Boarda, and R. A. McCully, president of the Eugene board, were also present at tho meeting. MOTHERDAUGHTER FIGHT AIMEE .ftp' Mr. Minnie "Ma" Kennedy la pictured with her granddaughter, Rob erta Sample, as they planned a battle with Evangelist Almee 8emple McPneraon over control of the affalra of Los Angeles' Angelus Temple, (Associated Preaa Photo) SWEDISH AVIATOR IS RESCUED AFTER PLUNGEjNTO SEA (Continued from Page One.) uninjured and good health. The plane waa seriously damaged by a rough sea. The airplane and trawler made con tact on a moderate sea during a moonlight night about 100 miles off Ireland's west coast, "BJorkvall aaved," the trawler radioed. (Information as to the safety of tho 31-year-old aviator reassured three anxious watchers at Stockholm's air drome. His widowed mother wept with Joy. Maud Dlc!-jwn, protty 16-year-old Swedish girl to whom BJork vall before his takeoff ssld he was engaged, when told of his failure, exclaimed: What a pltyl But don't you think It'a tine of him, all tho same?" Be side her stood her mother, the Baron ess Inger Dickson, Stockholm society leaner.) The Imbrln'e master announced he would take the filer's monoplane In tow. Aviation experts here expressed be lief the Swedish pilot must hsve been out of fuel when picked up. The tmbrln is due at La rtochclle early Monday. HONOLULU GREETS T (Continued from Page One.) dropped to the smooth surtaco of Pearl hsrbor, adjacent to America's greatest naval base. Tho official re ception followed. Five newspapermen comprised the party which Is prcvlowlng the skyway to the Orient which soon will be traversed In the first regular passen ger flight. Our flight from Alameda over 8.000 miles to Manila by way of tiny Island bases Is preliminary to the start of regular passenger service Oct. 21. Midway Next From Honolulu, we will fly to Mid way Island, thence to Wake, Ouam and finally the Philippine capital, five days from Alameda In this mighty four-motored flying boat. A steward served ua tea aa we watched the aunset change from scar let to purple, making tho cloud bank beneath us an orchid-colored floor through which tho sea occasionally could be seen. A capacity load of cargo and mall Is aboard the China Clipper which left Alameda with a gross weight of SJ.000 pounds, 10 tons of which was tho 3.300 gallons of fuel.' RECIPROCAL TRADE POLICY DEFENDED BY CORDELL HULL Secretary Replies to Landon Honest Examination of Facts Is . Only Defense Needed, Is Declaration Curd or Thanks. Wo wish to thnnk our many friends for their kindness and sympathy; also for the beautiful floral offerings dur. lng our recent bereavement. Mr. and Mrs. Kruest niro and Family. Tinstone AU, supply ' SERVICE STORES RlrrrMdo ft Ninth rhone BIO "I'VE GOT MY EYE ON THE BEST ' PINT X ijfeSSaV I 80c Mifrl i it a ii i !t m ii t II w '.- f X II . . - JJ u PINT 80c CONK NO. II0-C QUART SI. 50 coin: no. uo.A v y TWIN SEAL RYE WHISKEY IOO PROOF MINNEAPOLIS, Minn.. Oct. 8. (AP) Secretary of State Cordell Hull l&at night replied to Gov. Alf. M. Landon 's charge that the Roosevelt administration's reciprocal trade agreement had sold the American farmers down the river. Hull, speaking In the same com munity where Governor Landon made his attack, defended trade agreements aa 'treaties of commercial peace" and answered specific attacks by the Re publican presidential nominee. Facts lies t Defense "It needa no defense beyond a fair and honest examination of the facts," said Hull of the reciprocal trade Idea and Its application In 14 agreements. More than any other person in the administration, he la the "father" of the reciprocal trade policy. The secretary said he deplored and resented "any attempt to sacrifice to selfish greed or to narrow part Lean a a vantage the welfare of our nation and the great cause of peace.' He said the trade agreements were "the only practical and efficient means of overcoming the extreme emergency" confronting the admin istration when it took office In 1033. "The important question before us is not whether babassu nuta remain on the free list where they always haro been," Hull said. "It is not whether we should continue to permit ti.e entry of a very limited amount of Canadian cattle at a re duced but still substantial duty. Balanced System Aim It la whether we are to regain a balanced and etablo economic system in which all parts of American pro duction can co-operate prosperously, or whether wo shall have a crippled i and unstable system. It Is whether we shall permit those branches of American farming and Industry equipped and accustomed to sell part of their product to other countries, to do so and be paid for that pro duct; or whether we shall make It Impossible for these branches to throw their land out of production and their people out of work and so depress conditions throughout tho country. . "The latter course will menn con tinued burdens on the taxpayer, con tinued governmental intervention to deal with surpluses. It will lead American lntrustrles Into an Intensi fied fight to control the shriveling opportunities to export by controll ing the government. It would Invite regimentation." Farm Income Rise Hull agreed with Governor Landon that the American farmers had been "sold out" but he contended that the selling waa done in the Smoot-Haw-ley tariff during the Hoover admin istration. Hull pointed out that agricultural income had risen from $4,328,000,000 In 1933 to $6,507,000,000 In 1935, not Including benefit payments. Cash Income far 1936, Hull estimated, probably would approximate $7,500, 000,000. This, he said, was to the credit of the administration. Turning to critics of the Canadian reciprocal trade agreement, Hull aald that Governor Landon 's figures on Cheddar cheese were Inaccurate. The Republican nominee said In his Minneapolis speech that the price had declined from 17 cents on janu ary 1 to 13 cents a pound and said it was due to the trade agreement. Cheese Claim Cited "What he failed to state was that the price decline was a seasonal phe nomenon, that his price quotation waa several months old when he de livered his speech, and at the very time he spoke, the price of Cheddar cheese was over 17 cents not 4 cents below, but cent above the price on January 1," Hull explained. "It was 25 per cent higher than o year ago at the same time when there was no agreement with Canada. "And let me add that today It Is higher than, at any time since the depression began." Discussing the decline In cattle prices, which Governor Landon bad cited, Hull admitted that there had been a decline particularly for fat cattle. Not Due to Pact "But attempts to explain the de cline on the basis of the Canadian agreement simply fall to stand up under scrutiny," he added. The secretary explained that the duty cut was limited to quantity of cattle not to exceed of 1 per cent of our average annual slaughter, that even with the reduction the duty was left as high as under the Pordney McCumber act and that the abnormal supplies of fat cattle were cue to the large market! uga of domestic ani mals. Regarding drought Imports, Hull Insisted that no reciprocal trade agreement had made any tariff re ductions on wheat, corn, rye or oats. 'Our critics have not the fairness to admit that these emergency drought Imports are temporary in character and will disappear as the effects of the drought wear off," Hull sold. On the other side of the picture. Hull told of Increases In agricultural exports to Canada. He cited the fol lowing statistics: Hams and shoulders, 169 per cent Increase. Other pork, pickled or salted, 329 per cent Increase. Lard, 93 per cent Increase. Dried fruits, 49 per cent Increase. Canned fruits, 68 per cent increase. Apples, 137 per cent Increase. By 10 FOLLOW REFUSAL (Continued from Page One.) Aranjuez, Madrid's foodway to the Mediterranean. A rapidly advancing column pushed to within six miles of the railway, h'gJrosd and river Junction, 30 miles south of the capi tal. Southwest of Madrid. Insurgents took the towns of Escalona and Almo rox on the Maqueda-San Martin do Valdeiglealaa highway. Leaving "mop-up" squads to con solidate their positions, the fascist column sped northward on the high way for a projected meeting with the southern wing of General Emilo Mola s Guadarrama army at San Mar tin. (Government circles In Madrid acknowledged Gen Mola 'a flanking movement on the swing ti San Martin threatened to trap the government force between that column and the atrong Insurgent position In Navnl Peral de Plnares to the north.) FEHL FILES APPEAL ON PAROLE BARRING 10 (Continued from Page One.) conditional relcat from the prison under the Oregon lntermlnate sen tence law. At the time Fehl waa con ditionally paroled by Governor Mar tin he had served approximately two Chew, Sing or Laugh without 'DENTURE STATI0' Plates gripped tightly and comfort, ably by FASTEETH for 24 hours every day don't reveal the fact that you wear false teeth. No botrjfylng den ture statle from loose plates, mum Ming, hissing, lisping, clicking or pop out out. FASTEETH. the now Im proved powder, Is alkaline to prevent tore gums, burning, bad breath. Taste rs. Not gummy. Get FASTEETH at any drug store. When mouth tissues ehanpp, 5ee your dentist. years and four montns of hla four year term for ballot thefts. Fehl's parole provided that ha should not return to Jackson county. He asks that the conditional pardon be declared null and void and that he be given unconditional freedom with the restoration of all civil rights. In another slmllor ault the lower court held that Fehl Wis not subject to unconditional release from the penitentiary until he had served his maximum term, unless pardoned by the governor. Defendants In the sppesled suit are Governor Martin, Ralph E. Moody assistant attorney general, and oth ers. Attorney Irvln Goodman, Portland, lepresents Fehl. Agile Mouse Wins Fight With Snake WALSENBURG. Colo., Oct. 8'. ( AP) The agility of a mouse brought It victory in a fight to the death lrttrl a rattlesnake, Mrs. L, A. Busch, ranch woman, related here. The mouse, she aald, waa fed the rattlesnake, caged In a huge bar-y rel at the Busch ranch. It dodged the reptile's lunges, Mrs, ' Busch said, until the snake was worn down, then nibbled off the snake's rattles and killed It. i -It's a Liqht Smoke! Awrv) P 1 77 la 'L M-i 7Mt 7, i ASK THOSE WHOSE Ud3kEXZ- X V- Hy,..- ' JW VOICES ARE THEIR , Xv x Jik W&fJI'? lucki.i, o light .moke, (7 v t S7 N f ' M M4W JT & Jf on tha dressing toble, !t& ' V, , JT. of itarsl For those who ftf' er--, 'Msl9nft0 count on their voices iui , v-'71kV jJiSSLSmf yjdr have learned they can . C. s Jjt& w x 'a3Fs Jf count upon luckles. To- Ah JU V iV night-follow the stars to JLlluLj -JI X Wi o light $moke-o tuckyl jJ S2 ..for a clear throat a clear voice! You just as well as the stars behind the footlights, who must depend upon their voices will find wel come throat protection in a light smoke & Lucky Strike! For to every man, a dear, comfortable throat is a most important thing. And to every woman, the charm of a clear, mellow voice is something really precious. That is why to both men and women a light smoke means so much. It is only a light smoke a Lucky that offers them the protection of the famous "Toasting" process. And it is Luckies a light smoke made of the top-priced center leaves of the tobacco plant that answer completely their desire for the richness of truly fine tobacco! NEWS FLASH! Sweepstakes" Clubs Formed All over the country, groups of enthusiastic fans tell us they are forming clubs to take part in Your Lucky Strike "Sweepstakes.' One group of 43 members in Okmulgee, Oklahoma, poetizes as follows: "We have picked with lots of patience Songs we did and didn't like, But now it's raining cigarettes HURRAH FOR LUCKY STRIKE I" Havejea had the fun others are getting out of this great national cigarette game? Have you won ynur delicious Lucky Strikes? There's music on theair.Tunein"YourHit Parade" Wednesday and Saturday eve. nings. Listen, judge, and compare the runes then try Your LuckyStrike"Swecpstakes." Andifyou'renotalrcadysmokingLuckies, buy a pack today and try them, too. Maybe you've been missing something. You'll appreciate the advantages of Luckies A Light Smoke of rich, ripc-bodicd tobacco. OF RICH, RIPE-BODIED TOBACCO - "IT'S TOASTED" 6 It til 1 10 I Y H I I A M W A I K I I f I O I A , 1 1 1 I N O I I V'"T'"" "" " """ T.. rem,... 0 9
