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,...
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