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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (June 10, 1937)
PAGE EIGHT MEDFOTtD MAIL TRIBUNE, MEDFORD. OREGOX. THURSDAY, .TUNE 10. 1937. Medfcriv1&Tribune -Eimtm la Boatbtrv Orc Beads tb Mall Trlbaae." Dally Eirrpt Bat or day. pubiiihd by MEDFORD PRINTING CO. Il-tf :i N. Fir SL Phone t ROBERT W.RUHL, Editor. RNEST It. OIL8TRAP. Uaofr. Am IndpaodDl NawiptpT. Entered eond-cisis matlar at M ' for, Ortf on, undor Act of March I. !? SUBSCRIPTION BATES 9T Hall to Advance. tally, on yaar '!.? Dally, alt month! ' ' Dally, ana month ,V':;".,, ! By Carrrtr. la Advance Uadford. Art Uad, Jacksonville. Central Point. phoanla. TaUnt. Oold Hill aod en btfhwaya. ' Duly, ona ytar...., Dalty, all months - Dally, ona month B - All tarma. caab la advance. . Official Pajmr of tha City of Madfard OlflrlaJ I'apar of Jarkwa Coanlj MF.MHER OPTHR ASSOCIATED PRKSS RtwMos Fti II LcMd Wire Service. Tna Associated Prei la axoluilvaly en titled to tha mi for publication of all nta dltpatchta eradltad to It or other wlaa eradltad to thle papar. and alee to tba local nawi published baraln. All rlshu for publication of apaclal dlepatches herein ara alio reeerved- MEMBER OF UNITED PRESS MEMBER OF AUDIT BUREAU OF CIRCULATIONS Advertising- Representative Ortleaa In New Tork. Chicago. Detroit, San rranelico. Loa Anfelee. 8 a a 1 1 1 a. P rtland. St. Louie. Atlanta. Vancouver B. C. Ye Smudge Pot By Arthur Perry. .to, at... nrn. In convention stumbled yuttrday yoWd down a proposal to Invlt the Oovemor to address them, while at the nine session listening to speech by Portland labor chieftain. The re (ueal to extend a courtesy to the chief executive, which he. in all probability, would have declined on account' of a previous engagement to take part In the Boee Festival program, savora of tall conniving and petty plcayunlshnesi. The ran and file would have enjoyed a atralght ' forward speech by the Governor; the leaden writhed under the truthful blast. The snub (planned, or acci dental) will not lessen the popularity of th. Governor. The general public will show a tendency to believe there la something to the claim the day la not far distant, when a farmer can't come to town without a written per mit from hla Professional Prlenda and Workere. ... Political acrlbe estimate the Presl. dent I away from tha Whit House. 43 per cent of tha time; sine tak ing office. It seems another occu pant of the White House la away from home, a much higher per cent of th time. The elements have demonstrated fretting last February by horticul turist over the lack of rain In June waa Immaterial, and Irrevelent, and not based on facts. . ' It's a small world. The Saturday night auto driving proves It. ... TJndehood was conferred upon A. Moore Hamilton, At the same time hla boy, Alexander, and girl, Nancy, gained a cousin. . Pln-bsll players, who cheat. If they can, "lack moral conscience." It I claimed. It appears, however, to be on a par with the righteous hon esty of the swindle boxes. . AM) NEITHER HAD HE. (Coos Bay Times) "One member of the school board could neither resd nor write and held such teachers In great scorn ss tsught that the world waa round. How did they know they'd never been around It." Home-grown strswberry shortcske t on the msrket. Th strawberries are fine, hut the shortcske la sponge cake. ... Only one motor vehicle In these parts, still tlsunts a red-whtte.-blue Roosevelt slogsn on the wind shield. Th driver advises several recent events have msde his De mocracy groggy. While cleaning house, th other day. one of the Older Girls found a package of malt extract In a 10 gal. crock, and could not recall what either were once used for. Messengers flet RaUe PORTLAND. June 10 ii Pltty Portland Western Union messengers received a general wae Increaa to day amounting to about 99 per cent. The comnan, advanced delivery scales Ind boosted "waiting time" from J lo 30 cent an hour. Herman Envoy Visits PORTLAND, June 10. (Pi Dr. Han Luther, German envoy to the United Otatea for sewn yesre. came to Portland today to learn about the Pacific coast. ,k sale Confirmation PORTLAND. June 10 (JV-Tb pacific American Flaherle company eked the federal court today to con firm the sale of the Italian motor hip FfHre. rammed and aunk In th Columbia river last winter. Favor Debt Refunding ASTOItlA. June 10. P The As toria port commission approved an or dinate today authorising refundinf of port of Astoria bonded Indebted ness of aj.iM.900. It wa forwarded to the bond holder' protectlr com mute for final action. LAWN MOWERS sharpened Wt t snd dsi Si mi Bri 11 -3 N 111 Cm slali ItlDuoi want ads. J. P. Pulls a Boner WE are not surprised to read the -repudiation of his state ment on tax evasion, by J. P. Morgan. That statement, delivered when he landed in New Tork from a sojourn in Europe, last Monday, was an amazing endorse ment of tax dodging, in the higher brackets. Mr. Morgan said, in effect, that anything should go, when tax paying time comes around. "He said he bad never incor porated his yacht, because he didnt think it worth while, but he defended the unknown millionaire. who did so. . IN other words if the rich man can incorporate his yacht, 'or himself, a fake holding company, or establish a bogus resi dence in Canada or Bermuda, and thus escape taxes he, would have to pay, in the normal course of events, he is entirely within his rights, and behaving in a perfectly respectable manner. . There is no moral obligation involved, only a legal oue; and if the individual complies with the strict letter of the law, he is entirely justified in violating its' spirit. WE don't deny such a course in the tinner-bracket circles. condone it, it is quite another mend it. And thia is particularly true of a person in J. P. Morgan's position, who correctly or incorrectly is accepted as the official spokesman of Tall Street, the commander-in-chief, of the "economic royalist" forces. ; Mr. Morgan now professes to be greatly surprised that his "off-hand remarks on shipboard," should have been so grossly "misinterpreted." The truth is they weren't misinterpreted. 'Rereading that statement, now, discloses no other reasonable interpretation, than the one generally accepted at the time. Any tax evasion that is technically legal, is morally sound, there are no lengths to which a tax payer lan not go, if a smart lawyer can keep him out of jail. There is little doubt, that a very short time after that state ment was published, there was a huddle of master financial minds at the corner of Wall Street and Broad, and J. P. Morgan the 2nd, was quickly made to see the boner he had pulled. This assumption is supported, by his explanation published 48 hours later which reads as follows: "My Interview on shipboard with newspapermen Isst Monday took place before I had seen President Roosevelt's message on Income tax evasion, with Secretary Morgenthau's letter. I am. surprised at the Interpretation some people seem to have put on my off-hand remarks, for I ceralnly have no sympathy with tax-dodging or tax-evasion and had no thought of defending aucb practices. What I feel atrongly Is that when a taxpayer baa compiled with all th terms of th law, he should not be held up to obloquy for not having paid more than he owed." Quite true of course. But what does the individual owet What does the millionaire owe, whom Mr. Morgan upheld, when his net income say was $500,000 a year, and by incorporating his yacht, as a business and writing off the loss, paid let us say, on only half that amount. Did he pay. what he owed or didn't het Was be justified in writing off the expense of his yacht entirely a personal luxury as a BUSINESS LOSS, or wasn't het J, P. Morgan says ho was, because there was no law against it. The fault lies' not with the individual but with the govern ment.. It's up to the latter, to pass a tax. law' that can't be. evaded. ' BUT, HOW can that be donet It never has been. We don't believe it ever will be. ' The private yacht loop-hole can be flupgcd up, of course. But does Mr. Morgan believe, that a smart lawyer CAN'T find some other loophole some other legal subterfuge, through which a man of wealth, can evade his taxes and escape punish ment! : . Mr. Morgau knows better than that. So does everyone else, who is at all familiar with the resources of the legal profession, where only the technical legalities not the moral obligations, are concerned. As long as the sky is the limit, as long as anything goes if it complies with the letter of the law, regardless of its intent and its spirit, Undo Sam can pass laws to his heart's content, but those who csn save millions, by dodging them, and havo utterly no scruples against doing so, will keep a sufficient number of jumps ahead to esonpe-r-and the govern ment as usual will pay tho piper. IT all comes down to this the publio attitude, the essential spirit. If the spirit which Mr. Morgan so frankly upholds, is to prevail, then good night 1 no law not supported by public opinion can be enforced, and no law not supported by any division of publio opinion, can bo enforced, as far as the mem bers of that division arc concerned. If an individual or group of individuals, is determined to ovade a law, regardless of its provisions, don't worry they will find some way to do it IT'S very strange. How many pcoplo tbcro arc, who wouldn't think of putting over a "fast one", in their privato business, who are honorable and above hoard in every way, but have no hesitancy, in gypping Uncle Sam whenever an opportunity offers. He seems to be fair game, for any flim fain, be it keep ing money away from him, or getting it out of him. The great surprise in this Morgan statement, is that J. P. the '.'ml, should subscribe to such a doctrine living in the glass house that ho does. For while that was tho theory of his father, it is one the present house of Morgan, we supposed, bad dis carded. Not only in their privato business, but their public relations. CERTAINLY no financial house in the country owes more TO this country, than that of J. P. Morgan. Us great wealth has come from America's great natural resources, and to return in taxes, some material portion, to the government would appear to be an obligation that would be cheerfully and patriotically assumed. But Mr. Morgan savs, if you can escape that obligation by incorporating something that isn't a business, AS a business, why it's perfectly OK, as long as they can't pnt you in jail foi it. All moral considerations aside, statement he didn't inherit either the good horse sense or the , shrewdness of his distinguished Summer Storage Ft. pert esre and cdequste urnc- ; ART I ST A TUR enur 338 W. 6ttl. , Thone 684 has been frequently followed, but it's one thine to secretly to publicly endorse and com J. P. the Snd showed in that father. - Meeting Miners Association at . Jhffc5ntll1e 0. 8 hall. Monday. Juite ' ,4 at 8 odors, t slled by the 9 w joregon Miners' Association- Personal Health Service By William Signed letters pertaining to personal health snd nyglene. not to dlseaae diagnosis or treatment, trill be answered by Dr. Brady If stsmped self add retted envelope Is enclosed. Letters should be brief and written In Ink Owing to the large number of letters received only a few csn be answered. No reply can be msde to queries not conforming to Instructions. Address Or. William Brady. 365 EI Cam I no, Beverly, Calif. A LISSOM BELLY Man who ha retained extraordi nary vitality put 00 sacrlbee his health to the fact that he hu always worn suspendirs. The habit of wearing belts. e o r s e t s, gir dles and other b a r n e a a that confines, re presses, supports, constricts or splints the belly stomach, abdo men or dia phragm to you. Aunt Eupberala lowers vital capacity. Dr. S. Adol phus Knof, famous authority on tuberculosis, recommends belly bea thing exercise for chronic arth ritis. He quotes one physician's oplnon of It: "It helps to relax, It quiets the heart, it lessens fatigue and increases endurance. It Improves the portal circulation and thus pre vents the distressing symptoms of gas accumulation In the abdomen." The physician did not mean In the abdomen, of course, but rather gu , in the stomach or Intestine. Dr. Celie Duel Mosher, for msnv ' years medical adviser to women In Stanford university, has brought re- lief to thousands of women and girls who suffered from various effects of pelvic congestion, especially painful, excessive or li regular menstruation, by prescribing a simple belly breatn lng exercise. Dr. Theron W. Kilmer, New York physician, Introduced In 1907 a belly band, 6 to 13 inches wide, three Inches shorte. than the girth of pati ent, having inserted in each side a strip of elastic webbing, snd In each end eyelets. The belt Is put on over the undershirt snd laced with a long shoelace or narrow tape at the back, so -that it I,7? snug support. This Kilmer belt has proved valuable for patients with whooping cough pro tects against hernia, prevents vom iting, lessens severity snd frequency of paroxysms. Drs. J. Meaklna and R. V. Chris tie of Montreal, suggested a belly binder of tlie same kind as a relief for the distress that accompanies the Ineffectual coughing of emphysema 1 yQ.Q.Mclntvre NEW YORK, June 10. New York used to have several clubs where actors, authors and sundry creative folk could meet their kind once week and let them selves go. 3 u c h organisa tions as the Kit Kat, The Sixty snd The May fair. Late Satur day night affairs that edged into sunup with blng snd go. They were gen erating grou nd for many romances. Blllie Burke a and Flo Zlegfeld's. Billy Seeman and Phyllis Haver. And othera. The re qulrementa for admittance were finely drawn. Only those who had achieved in the arts were allowed past the entrance ropes. The clubs made tidy sums for several sponsors who could work 20 weeks a year and lead the life ot Riley the rest of the time with the profits. Today there la no such club 1 and not likely to be any more Let ting down the bars was their un doing, j People. In the vernscular, who 1 didn't matter, but had plenty of money, got over the barriers. And , their number incressed astonishingly.: Soon a'l the regulars, resenting the I chsnge. absented themselvea and I when they did the gate crashers, of course, were no longer interested. j One of New York's most picturesque millionaires is the porcine eubwsy builder, Sam Rosoff, whose hesdllne escspadea have run the gamut from flash spending to suspicion in a murder mystery. He la the rollicking, brawny and booming personification of American opportunity. An Immi grant boy from Russia who hss con tinued to be the proverbial diamond in the rough he Uvea at a arnart venue Inn, rides In sartorial gran deur In the park, gives Lucullan din ners snd Is the most extrsvsgant tipper the night chibs have ever had. Monotype: There is a species of young lady who comes bobbing Into the bars at cocktail time, bright, brave and bewildered. She has the appearance of not having been awake long and there l a slight husk to her voice often associated with gin snd ctgarets. There Is always a group willing gladly to have her Join them and exchange brilliant banter for a flock of drinks. She leaves at the dinner hour a ott un steadily and that Is ail thst Is seen of her. Never In cafes at dinner, at the theater or night clubs She is the Manhattan Cocktail Girl, and 1 wa mid the other evening that many hold responsible positions as secretaries or in sales departments. They like to have their sundown fling solitaire, then go to some quiet tea room for dinner and to bed early. ,t (, of!,n notd that when a fa 'h7. "T.me post he haa oocup.ea and vs to me more tempting ot ter he is almoet invariably on the 1 war to oblivion. No one knows why. fcm hM(1 W(,lt A following will not follow him when he decide to moie Once thfy ioe cs.te mr rarely come back Today there art a 'i Jg Brady, M. D. PRESERVES V1TE and chronic bronchitis. Emphysema means weakening, atrophy and over stretching or ballooning of the air cells In the lungs loss of elsctlclty. One with emphysema wheezes more or less constantly snd especlslly on exertion: on-j with asthma wheeses only when an asthmatic seizure is on. Ol' Doc Brsdy, who n. n. t., puts himself to vcep every night with Vr doz, belly Inflations, in spite of a terlble conscience, snd advises regu lar belly bresthlng exercise for the following complaints: Hyptertenslon, high blood pressure, arteriosclerosis, chronic myocardial degeneration or alow heart muscle f si lure, poor circulation, cold feet, nervousness, emphysema, asthma, chronic bronchlts, but NOT pulmon ary tuberculosis unless under you: physician's constant care. QUESTION SAND ANSWERS Home-Made Ultra Violet Ray Window. Anyone who flnda window glus that will transmit ultraviolet rays tOD costly csn procure a satisfactory sub stitute by painting or varnishing or dinary wire screen heavily with cellu lose acetate. This costs about four cents a quart I believe It Is some times sold as an egg preserver, as liquid glass, etc. (J. R.) Answer Thank you. It Is a sound, practical suggestion for use where for sny reason It la Impossible to enjoy exposure to the sunlight out of doors. A Baby's Smile. Maybe I'm sentimental, though only one-fourth Irish, but when everything seems wrong snd I'm away down In the dumps, I find all the reassurance and inspiration I need In one little thing the smlio of our eight -months-old baby. He 13 being raised according to Ol' Doc Brady, and we believe you'd love him, too. (A. W.) Answer Right. There's Just one greater inspiration in the world than the smile of a healthy, well-nourished baby, and that is the smile of the baby's mother when it Is all over but the squalling. (Copyright. 1937, John P. Dille Co.) Ed Note: Persons wishing to communicate with Or. Brady should send letter direct tu Dr. William Brady. M. D.. 265 El Camlno. Beverly Hills, Calif. dozen head waiters of ten years ago whose welcoming smiles were highly prized but who changed their Jobs, and today you may run across them In obscure side street restaurants or. In Instances, merely serving as waiters. Tommy Lyman continues to be the crooning marvel of the night clubs. A sad -eyed, shy and band box neat lono wolf, he hss been whispering his torchy laments lor IS years. Long before the Vallees and Crosbys were ever heard of. In Lon don. Paris. New York and Palm Beach. Away from the night haunts, where he wanders from table to table, he pokes about botanical gar dens and is alwaya sending flowers to his friends. Lyman frequently sang for the Duke of Windsor, when, as the Prince of Wales, he was mak ing the Incognito rounds of Paris with Jed Klley. Thingumbobs: The Duke of Kent . . . John McCormack now retired. has salvaged the biggest fortune out of his voice of any singer . . . Sumner Blossom Is such a slider around In the editorial chair that be buys four pair of pants with each suit . . . Lowell Thomas likes to arrive for his broadcasting en gagements Just In the nick of time . . . It makes him forget all thoughts of nervousness . , , Victor Moore is one of America's richest actors most of hla money coming from his sav ings as a standard vaudeville act . . . Noel Coward reveals Atexander Woollcott In hla autoblogsnphy as hla closest American friend. Not many graphic writers have been able In several paragraphs to sum up the endless milling and Jos tling In New York crowds ss did a Texan in three words after his first walk up Fifth avenue In the busy home-going hour. As he weaved through the ceaseless flow, he finally stopped for a moment on the curb, glanced up and down, and murmur ed: "Many a humsnl" (Copyright. 1937, McNaught Syndicate. Inc.) Communications Communism a Fawtn Smoke Screen. To the Editor: "What the people will believe Is unbelievable." says Mussolini. If the people are as credulous ss your con tributor, namely Ariel Burton Pome. roy. II Duce Is right. Hitler see:ns to have acted on hts generalization in all his racketeering activities and with amaElng success. Especlslly is this true of his antt-Semltlc and antl-democrattc trends. The more lunatic an Idea, the better chance It has of being put over, so he thinks But how anyone believing in Chris tianity or In any ethical code could say anything good about Hitler much less praise hlni. except for his " NEW HEALTH AND HAPPINESS are often attnlnrd thru nature's Knot and Herb treat ments. Why endure your miserable condition day arte ! V feeling of robust health. No matter wit 11 what yon an T3T ' aff llrted. Root and Herb treatment wilt pmltlteh Lai relleTe diseases of Motnarh. Heart, Lungs. Gall It Udder terema. I Irem, piles. Neuralgia. Ktdnris. Catarrh. Sinus Trouble. Asth ma. Hronrhltl. ronth. Nervunf. Indigestion. Intestinal and Bnnel trouble. Stomach t leers. Rheumatism trfhrltl. Headache, High i Low Blood Prewure. Irlnarv llrae, ppndlrltK f emale ompialnts. CHAN & CHAN CHINESE MEDICINE CO. open Pall 10 to (1. t III! p.m. Un. 10 to IS. IM K .Main devilish energy. Is indeed amazing. Consider his role In Spain. He has planned this rape two years sgo. and what he la doing la all "under cover of a struggle of Ideas (communism) and political systems." Democracy must be wiped out because It leads, he thinks, to communism the end of all racketeering. Hitler has picked out the Jews for their destruction, because they are a minority and because it Is so easy to fan the coals of race hatred against this age-old proscribed race. Jew-balting Is hoary with age. Now the Catholics are about to "get theirs." not because they are affiliated with the Jews (what bunk) but because they oppose him and accordingly they too must be destroyed as an lnstltu tlon. Others will follow If he lasts. They must, else his racket will col lapse. All this tslk about the dangera of communism, especially here In Amer ica, Is merely a smoke screen for the spread of fascism, which Is the lsst stage of capitalism. Labor does not want its abolition Is certainly not striking or even 'voting for It, but Is striving to make It work better. Its demand for the unpacking of the supreme court Is to serve thst end. This must be done and "packed" on the aide of orderly progress, else the achievements of a century will be burled in an avalanche of fascist resctlon. R. HEGNER. Oold Hill, June 7. Comment on the Day s News By FRANK JENKINS 1EWELRY dealers of the north Pa- ciflc Coast, meeting In Tacoma recently, report a new. Index of in creasing prosperity. They say that sales of wedding rings are up about 40 per cent over a year ago. THERE'S an old saying to the ef fect that two can llve as cheaply ss one. Statistics don't confirm that notion, because in depression periods the number of marriages falls off sharpij. and begins to pick up again as better times appear. THE statisticians tell us of another thing that happens during de pressions. The urge to wed Is less pressing when times are hard than In good times, but' It is still strong. So many young couples go ahead, regardless of depression, but Instead of founding new homes of their own immediately they move In with the old folks. When better times come along, tliey move out into houses of their own, thus creating additional housing oe mand. t That began to happen about two years ago, and has been going on ever since, according to real estate figurfs. It Is one reason why houses are get ting scarcer. RENTS are governed by supply and demand. Just like everything else. During depressions, families "dou bled up," thus reducing housing de mand. Many people who would nat urally tire of old houses and move into new ones restrain their desires In bad times snd go on living In the I oW place' A times Improve, the yen for a new house returns. These and many other factors re sult In added demand for houses ss depressions begin to fade, and s de mand Increases rents go up. (And, of course, we csn't overlook the fact that steadily rising tsxes must be added to rents. Otherwise, the landlords would go broke. A 'ot of us who think we pay no taxes arc klddlnc ourselves). BUT to get back to the Jewelers who met at Tacoma. They tell another rather Interesting one. GUARD AGAINST MOSQUITO BITE There are many people who are sensitive to mosquito bites. A few bites often csuse their arms and legs to swell and have welts on them. A person who Is sensitive to mosquito bites should use every precsutton to gusrd themselves against poisoning by these tiny pests. We make a pre paration that is very efficient in keeping mosquitoes away. We market It under the name of "Skeete riser". 10 c.c U 40 Insulin Is SI. 13. We have Just signed a contract with the S A H. Green Trading Stamp company and from now on we will give preen Stamps with all cash pur chases and on all accounts psld by the loth of the month. We cannot give them on accounts thst are not paid by the 10th of the month Hrsth'a Drun Store. Phone 8M. The demand for engsgement rlugs has gone up faster than tha number of engagements and weddings, they say, because a lot of the boys who walked to the altar back In the de pression yesrs couldn't finance both a wedding ring and an engagement ring, so they let the diamond go. Now they are maklg good on past promises and buying delayed engage ment rings. Flight '0 Time Medford and Jackson County history from the files of the Mall Tribune 10 and 20 yeara ago. TEN YEARS AGO TODAY June 10. 1927. (It waa Friday.) Sheriff Jennlnga leave for Colum bus, Ohio, to return DeAutremont twins, accused of murder. Ray mar ried to escape suspicion, and 1 the father of a baby boy. Both deny guilt. Conductor Merrltt of Ashland 1 first witness called In trial of Hugh DeAutremont. Prosecution aska death penalty. Showers hinder alfalfa. first cutting of Lake Creek to celebrate July 4 with a round-up. rir : 1 i'V M l:1dd:l J ; . I'lfttrTn ru7ne I fig In normal diet Acme Beer It relatively non-fattening ACME BSEWEHES Son Francisco los Angela, WESTERN WHOLESALERS, INC., Medford Distributors 9he FUTURE" IS here! FHA SINGH MO.TCACI SYSTIM Timber Products Company Col. Lindbergh wUl b officially welcomed at Washington. D. C, to morrow, and greatest greeting In hla tory la planned. Local resident sentenced to 60 day In JaU and fined 1350, upon plea of guilty to possession of two gal. lona of moonshine. Dal Hammer killed a rattlesnake with ten rattles and a button, near Del Rio orchard. Table Rock debates school unit system. TWEXTV TEARS AGO TODAT June 10. 1917. (It waa Sunday.) British resume trench warfare along a 70-mlle front; French artillery booms at Verdun. An eat of every man of military age, who has not registered for th draft, to start tomorrow. Th University club la flying It new flag, one of the largest In th city. Tim to sprsy for codling moth. Local motorist drives to Ban Fran cisco In 14 hours. Fruitgrowers league makes arrange ments to get frost report by Weat era Union wire. Flying machines, usually In th form of winged chariots, are described by Greek poet as early as 900 B. C. "r It M I mra That HOME yon plan someday" can bo built Now! Tha FHA makes it possible ... on easy monthly pay. ments. We'll be glad to submit estimates and advise you about modern building materials and modern financing. oataoN Tnct of s. Central