MEDFORD MAIL TRIBUTE, rEPFCTRD. OREfiOy. SUNDAY. OCTOBER 30, IfirtFt.
PAGE THREE
MOODY STRESSES
NEED OF LI 10
Review of Recent Report On
Racketeer . Prosecutions
Cites Sinister Aims of
Labor Dictators.
PORTLAND, Ore., Oct. 39. Spl.)
The following address wu deliv
ered by Asst. Atty. General Ralph
E. Moody over radio station KOW
Friday night:
I speak tonight to the citizens of
Oregon as the coordinator appointed
last March by Governor Martin to
assist the . district attorneys and
other law enforcement agencies In
the task of freeing Oregon from
labor racketeering. I speak under the
sponsorship of no one, and at my
own expense.
On October 13 this year I sub
mitted a progress report to the gov
ernor which he released to the pub
11c on October IS. Such report
showed the result of these prosecu
tions to have been the arrest of
130 persons charged with 233 crimes;
M pleas of guilty, 11 convictions.
only 3 acquitted, 23 released on in
sufficient evidence, 38 pending trial
or sentence; Jail sentences aggregat
ing 28 years, penitentiary sentences
aggregating 38 years and 3 months.
I said in that report:
A Labor Dictatorship
TJehind the evidence and test!
mony which has been presented in
connection with the trials lies
mass of information Indicating and
proving the existence of a well
planned conspiracy to bleed the
teamsters' union treasury, mulct the
public through questionable and
sometimes illegal agreements with
employers. In an endeavor to stifle
and ruin competitive Industry and
to carry out these sinister designs
through Intimidation, coercion, vio
lence, and even bloodshed; and that
the cumulative evidence revealed the
evidence of a premeditated, cold
blooded plan of action on the part
of self-appointed racketeering union
officials to establish themselves as
dictators over labor, economic, polltl-
oal and Industrial destinies of Ore
gon." No Remedy Available
In concluding the report I called
attention to the fact that under the
existing statutes of this state there
was no available remedy for the
members of labor unions to enforce
an accounting by officials of the
unions for funds received and ex
pended, nor affording adequate rem
edy and protection to industries
driven to bankruptcy and ruin
through improper picketing 1 and
strikes, nor to protect the public
from the injuries suffered and finan
cial losses sustained by reason of
jurisdictional disputes, strikes and
lawless molestation, and blockading
of trade and commerce by labor
Dosses and racketeering.
I further said at the close of the
summary contained in the report:
"That without supplemental legis
lation to protect the members of
labor unions from raids on their
treasury and to protect Industry
from destruction of property and "to
protect the public from the blockad
ing of shipping and commerce and
to insure the transportation of pro
ducts, it la possible that there may
be a recurrence of the reign of labor
terrorism from which Oregon la now
experiencing a lull."
Chnllenjre Is Accepted
Since the release of this report to
the public it has been called to
my attention through certain articles
In the press and by radio talks that
these conclusions of mine have been
denied and the necessity for addl.
tional legislation challenged. In view
or xne ract that the voters of the
state at the coming election will be
caned upon to act on this vital and
important matter I consider I would
be derelict in my dutv as a nubile
official If I failed to accept this
challenge or disregard the obligation
of calling the voters' attention to
the fact that my report was in every
respect true and the recommenda
tions made therein for additional
legislation absolutely necessary, not
oniy :or the protection of the mem
bers of the union, but for the safety
of the people of the state in their
persons and property.
System Is Vicious
It is true that the present statutes
of the stat are sufficient to punish
offenders who actually commit dvdi
of vandalism, but such convictions
will not eradicate the vicious system
responsible for the evil. There are
In the Oregon state penitentiary and
In Oregon Jails unfortunate men
who are there because they are the
victims of the vicious system prac
ticed by the overlords of the teams
ters' union and Its affiliated unions.
Winter needs old bills large installment payment!
all of these money needs may be met conveniently
with our CASH LOAN PLAN.
Borrow on your personal security and signature. Pay
back a little each month. Loans made quickly and
without delay. Stop in. write or phone , . . TODAY1
OREGON FINANCE CO.
4J . Central. . F.. Thoma., Mrr. Phone 13
Llrene No. s-211, M-ll?
PERSONAL AND AUTOMOBILE LOANS
What does It profit a prosecutor to
bring those men to trial and put
them behind bars. If outside those
bars we leave a host of disillusioned
men and women who have been
betrayed by their own leaders wo
men with bills unpaid, with chll
dren unfed, women with husDanas
out of work, boys and girls out of
Jobs? What does it profit for the
ruined lives of these convicted men
if the system remains whereby busi
ness may be ruined. Jobs destroyed,
and the general public forced to suf
fer irreparable Injury as new over
lords rise to supplant those con
victed?
Need Redlal Legislation
Under the present law we cannot
prevent these labor racketeering
overlords returning to us again, from
calling strikes, from throwing people
out of work, from using the money
of the workers whose trust was
placed in them for their own pur
poses of aggrandizement and leader
ship. Regardless of what candidates for
office may find it expedient to say,
we do need laws to protect those
who have been preyed upon, and
for the protection of business and
industry in the state, and I, whose
duty It has been to act as coordi
nator to assist the district attorneys
and other law enforcement officers
of the state, emphatically say that
what we do need are laws to protect.
Under the constitution of the
state the people have reserved to
themselves the right to act in a leg
islative capacity by either Initiating
a law or having a law adopted by
the legislative assembly referred to
the people for approval or rejection.
When the voters of the state are
acting upon a proposed law, either
initiated or referred to them for ap
proval, they are acting In a legis
lative capacity and thus performing
the most important function of gov
ernment; the welfare of the state
and its people in such circumstances
is solely dependent upon the wisdom
exercised In the actual doing of
that duty; It la In the performance
of that legislative duty that I am
particularly calling your attention
to the fact, that in order to protect
union labor ita members, the farmers
in the marketing of their products.
the business and industries of the
state and the public welfare It is
absolutely necessary to enact new
legislation for those purposes.
Such legislation Is proposed and
submitted for your approval and
enactment on November 8 in the
bill known as one to regulate picket
ing and boycotting. It was con
ceived, drawn up and initiated by
the farmers of Oregon.
What the Bill Provides
This bill provides that a labor dis
pute Is a dispute between an em
plover and a majority of his em
ployees. Under the present law one
person or a few dissatisfied persons
having no regard for the welfare of
those for whom they are responsible,
can throw hundreds out of work. If
a strike is necessary, surety a ma
jority of the employees will approve
of it. What objection can there be to
providing that it requires a majority
of the employees of any employer
to call a strike?
The proposed bill also provides
that it shall be unlawful to prevent
movement of agricultural and other
products. Can there be any honest
objection to such provision? Under
the present law we have suffered our
lumber mills to have been shut
down, our ports to have been closed
thousands of men have been thrown
out of employment, because two
labor leaders have fought for Juris
dictional control. It Is not apparent
that the situation which caused such
suffering needs remedying? The bill
further provides that It shall be un
lawful to boycott anyone who Is not
directly involved In a labor dispute.
Strike Isn't Outlawed
Take careful note that this pro
vision does not deprive the employees
of a particular employer from strik
ing, picketing or boycotting, pro
vided those employees have decided
by a majority vote that such action
la necessary. But It DOES require
that before striking, picketing or
boycotting that a MAJORITY of the
employees shall authorize it.
What Is wrong about that pro
vision? Such a provision Is certainly
needed as It was because of the
absence of this provision in our
present lawa that the state has suf
fered Its recent reign of terrorism.
The bill says no union shall charge
Initiation fees, dues, or levy fines,
greater than the leal need of the
union, and that the union shall
keep books, and that every member
shall have the right to find out how
this money is spent.
flood and Bail L'nlnnn
I have In my office the publica
tion of two well operated interna
tional unions. One of them shows
that it has assets of over twelve
millions Invested in bonds. In homes
for the aged, and so forth, every
dollar of Its money is accounted for
FUR
REMODELING mil REPAIRING
CLEANING and GLAZING
We Guarantee Our Work
France, Daltalre - Evelyn Tlce
Phone D69-.M
Winter-Proof
. . . four CAR
. . . our HOME
. . ; Your BUDGET
See us for the EXTRA
CASH you may need!
every nickel that la taken in,
every ten cent piece that has been
expended during every current
month. This union has something
to show to ltf members for the
money they have contributed.
I also have on my desk the record
of unions run by Al Rosser under
the dictation of Dave Beck, (222.000
collected in 1937 and hardly a dol
lar of true value left to account to
Its membership for, nothing but a
record of beatups, of bombings, of
convicts employed as goons, of money
squandered by Rosser far In excess
of his salary. In buying a ranch,
blooded stock, race horses, sending
his wife on a foreign trip, settling
$5000 on her at the time of his
divorce, the purchase of costly Jewel
ry, automobiles and not one but
several fur coats.
Do we not need laws to protect
working men and women against
such a condition? We have laws
protecting those who deposit their
money in banks. In savings and loan
associations, protecting dues and as
sessments in fraternal organizations,
premiums paid upon insurance to
insurance companies, and practically
all organizations who have the cus
tody and control of funds. Then why
not have laws to protect men and
women of union labor against the
raiding of their treasury and the
use of their money for racketeering
and unlawful purposes?
The opposition to this proposed
wise and necessary measure Is based
upon reasons which are entirely eel
fish or founded on arguments which
are fallacious and unsound.
Bill Beaten, Cause Beaten
There are some who say they are
opposed to this bill but admit the
need of additional legislation on the
subject, and say defeat this bill and
let the next legislative assembly
enact the necessary legislation. Such
argument Is a political trick. Be
not deceived or fooled by It for if
this bill Is defeated those opposed
will insist before the. next legislature
and any succeeding legislature that
the people by the defeat of this
measure have given a mandate to
the legislative assembly that it shall
not enact any further laws on the
subject.
I say to the people of this state
in all sincerity, that if it Is the de
sire of the people to prevent a reoc
currence of the labor racketeering
wnicn we have just experienced then
you should adopt this law. Therefore
vote 318 X YES.
EAGLES DISTRICT
.6
Crater Lake aerie and auxiliary of
the Fraternal Order of Eagles were
In readiness yesterday tA entertain
the district convention to be held
here next Sunday, November 8.
Plans for the convention were com
pleted at Thursday night's regular
weekly business sessions which were
held prior to the lodge's publlo Hal
lowe'en masquerade dance. The
dance was declared by A. H. Banwell,
aerie president, to be the most suc
cessful held by the fraternity in
years.
Mr. and Mrs. A. C. Lucas were
adjudged the most originally cos
tumed husband and wife and receiv
ed first prize. Mrs. Edna Myers re
ceived first prize for the best in
dividual costume. Judges were Svd
I. Brown, Prank King and K. H.
Dynge.
It is expected that a large class
or candidates will be Initiated into
membership during the district con
vention. Thirty-seven new applica
tions were voted upon at Thursday's
meeting by the local aerie. In the
past three months Crater Lake aerie
has taken In about 120 new and
re-instated members, it was announc
ed by William Peck, chairman of the
committee on delinquencies.
The initiation fee probably will be
raised Immediately after the district
convention, Mr. Banwell announced
In urging members to procure all
possible candidates before Novem
ber 8.
A. C Lucas, rred Johnston and
C. A. Thatcher were appointed a
special legislative committee to ad
vise the membership on all proposed
governmental legislation bearing on
subject in which the lodge Is in
terested. .
Closing time for Too Late to Clas
sify Ads la 1:30 p. m
It's Time To TALK TURKEY
The Turkeys produced In the state of Oregon are recognized In all
American markett at among the very finest In the land. The grower,
of course, does hit full share tn producing a fine product.
Commission men and buyers who do not take proper care ot
the dressed turkeys are no asset to the Industry, and anyone who
packs turkeys without first thoroughly pre-coollng them Is really a
detriment to the producers, consumers, the legitimate dealers and
the turkey Indusry generally. ,
. It Is a matter of record and common knowledge that practically
every year large quantities of Oregon turkeys turn green and spoil
right In their containers causing heavy losses and Injuring the reputa
tion of Oregon turkeys. And now, we will tell you the reasons why:
You cannot dress turkeys today, pack them tomorrow, and expect
them to keep many days, unless they are properly cooled and such
cooling cannot he done by Just hanging them up overnight, unless
the weather Is cold enough to bring the turkeys down to an Internal
temperature of 36 to 40 degrees, depending on how long these turkeys
have to be kept In fresh condition.
Anyone who packs these turkeys without sufficient and proper
cooling should not be permitted by the producers themselves to handle
a single turkey.
We ask you to realize that turkeys packed, let us say, between
the fifth and fifteenth of November must be handled to carefully
and coaled so thoroughly that, first, they will never he froien, and
second, that they will be sound and sweet and In fine condition on
somebody's table on Thanksgiving Dayi this It all the way from ten
to twenty das after they are dressed. You cannot do that by Just
hanging them up overnight, hoping that they will cool out.
This concern his now provided proper facilities for dressing and
for Immediate cooling alter dressing. We have one of the finest
and largest outlets In the United States, through Bennett at Layton,
Inc., of San Francisco. We shall do our best to pay you top cash
prices under prevailing market conditions. We feel that we deserve
the handling of your turkeys, both In your Interests, tn the Interest
of the community where thew turkeys are produced. In the Interest
of the turkey Industry generally, and In the Interest of the consumer
who Is entitled to turkeys In sound condition. We a.k that yon rail,
phone, or write to us.
LOST RIVER DAIRY
Phone 323
LOCAL and
Cat Tn RenDen The Brownie Ma-,
rie cafe, 19 North Fir street will re-
ntvm tomorrow under the manage
ment of Feye and James Ackley, chil
dren of the former owners.
Si Nam nA Mr ft T
Yorton and daughter Norma Louise
of Klamath Falls were guests of rel
atives ana inenas in wmiwa mur
day and Friday. They returned home
Friday evening.
Home From Bly Helen Westwon,
who has been In Bly the lest six
months working In Alyce's Beauty
Nook, was brought home last week
with a bad case of erysipelas but Is
rapidly recovering.
Bon Injured Mr. and Mra. Gearge
Reynolds of 508 South Grape street
received .word that their son Cecil
was seriously Injured in an automo
bile accident at Anaheim, Cel. They
left heraj Immediately to be with
their son.
To Seattle Mark L. McCoy of 111
Washington street, a linotype opera
tor at the Mall Tribune, left by train
Friday evening to visit his son and
daughter and to receive medical at
tention in Seattle, Wash. Mr. McCoy
is suffering from a throat ailment.
Attends Institute Miss Audrey
Barbee. daughter of Mr. and Mrs. O.
T. Barbee of Stewart avenue, was to
return today to Sixes where she is
teaching school. She attended the
teachers institute In Ashland last
week and during her stay was the
guest of her parents and friends.
Wife Dies A card received yester
day by Dr. F. G. Carlow of 26 Laurel
street told of the death In Eaton.
Colo., of Mrs. Charles E. Whisler on
October 25. The funeral was held In
Eaton on October 27. Mr. and Mrs.
Whisler were Medford residents some
years ago. Mr. Whisler was manager
of the Bear Creek Orchards when he
resided here.
Return From South Mayor C. C.
Furnaa and Mrs. Furnas returned by
motorcar Friday evening from Lan
caster, Cal., where they visited the
mayor's mother and older brother.
Mrs. Emily M. Furnas and Oscar M.
Furnas, who had been ill. Mayor and
Mrs. Furnas also made an overnight
visit at the home of Mrs. Furnas"
brother, Ivan Acker, In Temple City.
To Discuss Issues As a prelude to
his evening message today, the Rev.
Fred M. Weatherford. pastor of the
Crmreh of the Nazarene. will give a
pulpit editorial on several election
Issues, especially the bill on the sale
of alcoholic liquor for beverage pur
poses, he announced yesterday. The
Rev. Floyd W. Hawkins, assistant pas
tor and musical director, will present
a music program.
Car Window Broken A limb which
prutmded from a truckload of wood
pierced the right front window of a
oar driven by Jesse P. DeWitt of 375
South Central avenue on the Apple
gate highway Friday afternoon as
the DeWitt machine attempted to
pass the truck, a city police report
stated yesterday. The truck was op
erated by Sidney G. Tighe of Route 2,
the report said.
Klwanls Speaker Attorney William
M. McAllister, Republican candidate
for re-election to the state house of
representatives, will explain and In
terpret the various Initiative meas
ures on this year's election ballot at
tomorrow's weekly luncheon-meeting
of the Klwanls club In the Hotel
Medford at 12:18. All Klwanlans were
asked last week to study the Initi
ative measures themselves so that
they might participate tn a round
table discussion fallowing Mr. 'Mc
Allister's discourse on each proposed
bill.
Roans Here Mr. and Mrs. C. D.
Bean and three children. Mary. Char
les and Bobby, have been visiting
friends in Medford for the past sev
eral days. They will leave today by
motorcar for Palo Alto, where Mr.
Bean will be In charge of a new
Montgomery Ward company store.
They have been making their home
in Couer d'Alene, Idaho. The Bans
formerly resided In this city where
Mr. Bean was manager of Ward's and
later owned a store of his own. Dur
ing their brief Medford sojourn they
were entertained at a number of so
cial affairs.
Medford, Oregon
PERSONAL
Fined $10 Osmond Lloyd Sam
uels, 38, of Medford was fined $10 In
city court yesterday on a charge of
drunkenness.
Visitors leave Mr. and Mrs. W. O.
Drake of Molina. Col., Mr. and Mrs.
Louie BAehr and Mrs. Mary Neal of
Paola. Kan.. Mr. and Mrs, W. R. Ed
wards and Clarence Edwards of Los
Angeles and Ray Drake of Malln have
returned to thetr homes after visit
ing the following relatives In this
vicinity: Mr. and Mrs. G. D. Isaacs.
Mr. and Mrs. R. L. Isaacs, Mr. and
Mrs. WUber Drake and Mr. and Mrs.
Frank Craig,
Army Examinations The war de
partment announced yesterday In t
press release that examinations would
be held December 6 and 7 to qualify
candidates for appointment as chap
lains tn the grade of first lieuten
ants and February 13-18 to select
candidates for appointment In the
dental corps, regular army. Complete
information regarding the examina
tions end qualifications may be pro-
?ured by writing to the Adjutant
leneral, War Department, Washing
ton, D. C.
4
T
I
I
All forest fires in this district were
reported .completely out or under
control yesterday. Timely rains were
a factcfr in bringing the fires under
control. Rogue River national forest
headquarters said.
The Big Butte springs anag fire
was controlled Friday evening after
rain helped to check Its spread and
permitted the fire fighters to get a
line around it. During the night all
but 30 of the fire-fighting crew were
recalled and sent back to their
camps. Fire chief Simeri Jarvl made
an Inspection of the area yesterday.
Ranger Paul Brlnson was directing
mopptng-up operations.
A light rain reduced hazards in
the ApploRflte district and all men
were recalled from the fire over the
California line between Perk's past
ure and Dutchman peak. The fire
was reported completely out. It was
on private land and was attributed
to a rancher who allowed slash burn
ing to get out of hand.
The Chinquapin mountain blaze
was being mopped up yesterday.
PICK CANDIDATES
Cnntrlhntrrl
At a meeting of about 180 legal
voters interested In the Townsend
plnn, at tho K. P. hall Friday, the
following political candidates were
suggested as either being true Town
sendltes, endorsing the Townsend
plan, or most likely to champion the
Townsend cause. In some cases, where
open antagonism had been suggested,
new candidates were suggested as
"write-In" menns of electing Town-'
send I tea.
For U. S. senator, Rufus C. Holman;
representative In congress, James W.
Mott; governor, Henry L. Hess; sec
retary of state, Emily F. Edson: com
missioner of labor, Charles F. Hyde;
fixate representative;" Earl Newbry,
Geo. Iverfon; county commissioner,
Wm. Perry: sheriff, 8yd Brown; con
stable, Albert Slovens.
For the measures, there are only i
two that Interest Townsendltes. by j
number, vote 312 X-yes, and 315 X- j
no, ;
Closing time for Too Late to Clas
sify Ads Is 1:30 p. m.
FEW FUEL OIL
Pellrerprt direct to you direct from onr NEW OIL
8TORAO.F PLANT. Telephone 833 for flAMRON'ft "iiper
Quality Fuel Oil. Quirk delivery meter and pump service.
Vmir heating dollar mil go ft lot farther with this
BETTER Ql AI.ITV Fuel Oil made to exactly meet
YOCR furnace and tue requirements. No residuum to
"gum up" your oil heatlnc unit. A trlpl ornr will be
mot convincing.
Hew Low Prices!
Furnace or Burner Oil..
Stove Oil
Delivered
40 gallon
F. E. Samson Company
FUEL OIL DRY WOOD ROYAL COAL
Phone 833. 229 N. Riverside
Be relieved at once by our herbal rented;, tried and
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give you relief no matter what yon are afflicted
with you owe It to yourself to use this opportunity
to retain your health. Chans herbs have restored
liriilih to thousands of people
Constipation. Stomach Trouble, Rheumatism, Hay Fever, llrers.
Children's Bed Wettlnc, nail stones. Run Down Condition, Sinus
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Appendicitis, Tonsllltls, Frtema, Blood Disorder, Heart, Liter, Kidneys,
Lunfs, Blood, trlnary Disorders. Free consultation,
CHAN & CHAN CHINESE MEDICINE CO
Open daily 10 a.m. to 12; 1 p.m. to 6. 23S E. Main St.
New Model tar Features Streamline Styling
The new 1039 De Soto will go on
display In the showrooms of the
Brlggs-Humphreys Motor company,
local De Soto dealers, today. '
Mr. Humphreys, who recently re
turned from the De Soto presenta
tion meeting at Portland, where he
previewed the car, explained that
the new De Soto Is packed with a
largo number of Important engineer
ing improvements and unusual feat
ures. "The 1939 De Soto." he said, "Is
a beautifully designed car. It has
new streamline styling that gives it
a distinctly sleek, fresh and mod
ern appearance. The body is larger
and roomier than ever before.
"It has the largest De Soto wlnd
shiel dever built a giant, V-type
A public speaking class for men
and women of Jackson county was
organized at the High school last
Wednesday evening, with 19 members
enrolled.
Miss Viola Scherrer was appointed
manager of the class which li spon
sored by the Medford Business and
Professional Women's club. B. C. Ad
ams, public speaking Instructor of
Medford High school will be Instruc
tor for the entire class which will
consist of 12 lessons held every Wed
nesday at 7:30 p. m. at the high
school.
Anyone interested in Joining the
class Is Invited to attend the first
regular meeting, Wednesday evening.
November 3.
PIERCE AUTO LINES
EXECUTIVES CONFER
A meeting of executives of the
Pierce Auto Freight lines was held
at the company's Medford terminal
Saturday, called by A. O. Pierce, pres
ident. Other officials attending In
cluded Ross Condtt, general manager,
of Portland; Everett Miller, manager,
of Eugene; William Adair, manager,
of Roseburg; Bryce Nosier, manager,
of Grants Pass, and R. W. Frame,
manager, of Medford.
A Hallowe'en party with the guests
MEDFORD 'S OLDEST
AND FINEST
Daily's Auto Painting
29 South Bartlett
..TMt per gallon
..8W per gallon
to your home in
lota or over.
PUBLIC SPEAKING
CLASS ORGANIZED
RHEUMATISM
Why not yout Do you hase (las,
windshield that eliminate neck-craning
and stretching to see overhead
traffic lights.
"It haa 'Handy-Shift,' a new, Im
proved gear-shift located on the
steering column. Developed after
years of research, the 'Handy-Shift'
makes shifting easier, safer and more
dependable.
"A 'streamlined luggage locker that
fits right Into the natural flowing
lines of the car eliminates the old
fashioned trunk 'bustle' and Increasea
usable luggage space 27 percent.
"A perfected automatic overdrive,
giving the equivalent of five speeds
forward, la made available at moder
ate extra cost In the 1939 De Soto.
It offers new gas-saving economy and
brings 'overdrive to city driving
speeds for the first time.'
appearing In costume, was held Sat
urday night at the Pierce home here
for all employes of the southern Ore
gon district, and their wives.
Obituary
Margaret A. Rlckerman
Margaret Alia Elckerman, 79. passed
away at the home 621 West 11th street
at 9:20 a. m. Saturday.
Mrs. Elckerman was born at Re
publican Grove, Virginia July 37,
1859. Coming west, she spent the first
two years at Portland and came to
Medford In 1013 where she haa since
resided. She was a member of the
Methodist church south.
She leaves one son. Joseph Tucker
by a former marriage, who resides In
Medford.
Funeral services will be conducted
by the Rev. Jouett P. Bray at the
Conger chapel at 3:30 Monday, In
terment will be In the Jacksonville
cemetery,
4 :
Closing time for Too Late to Clas
sify Ads is 1:30 p. m.
0m
Tj 7
My Money
A few pennies a day will toon grow Into a lubitantlal
amount. One Dollar will open an aooonnt and to
make saving easier we will give yon
FREE BARREL BANK
Individual accounts np to $8000 are Insured by the
Federal Savings and Loan Insurance Corporation.
JACKSOli COUNTY FEDERAL
SAVINGS AND LOAN ASSOCIATION
126 East Mais)
AT RECORD RATE
The City of Medford was borrow
er yesterday at the lowest Interest
rate in Its history.
At Its special meeting Friday night
the council sold the city's $73,500
Issue of street reconstruction bond
to the United States National bank
of Portland at a premium and with
an interest rate of 1 per cent.
The previous record low Interest
ret was 2VA per cent, paid on 150.
000 street repair bond Issue of Us
year.
Four bids were received by the city
on the current S73.80O bond Issue.
Highest bid was entered by the Unit
ed States national.
The bank offered a premium a
I1B9.30 on the issue and set the
coupon rate at lVi per cent. The pre
mium prorated at 100.3577 on a l0e)
par basts. Under the terms of the
contract, the bidder was required ta
specify the Interest rate.
Other bids entered were: Conrad,
Bruce company, 100.001, at 1 par
cent interest; Blythe & company, Ioc
100.03 at t per cent Interest;' and
the First National bank of Portland,
100.39 at 3 per cent Interest.
Both the United States National
and the First National operate
branches here.
The bond Issue Is to be retired
serially in five years, about one-fifth
to be liquidated each year. It was
figured that the city's total Interest
outlay on the Issue would be 93,
397.00. With the 189.30 premium
deducted, net cost of the issue
the city would be 13.308.30.
"This la a splendid reflection upon
not only the city's credit .but also
upon the municipal harmony exist
ing In Medford,' commented Mayor
C. O. Furnas on the low Interest
rate. .
"It shows that the city la In good
financial condition and that. In ad
dition, there Is complete harmony
between the administration and the
public. We of the administration, the
public's trustees, are proud of the
cooperation we receive tn administer
ing the city's affairs and grateful
for the confidence placed In us."
Grim Find
LONOVIEW. Oct. 39. CP) Tw
Longview hunters, Harry Craker and
Wes Murphy, discovered the body of
an unidentified man In the mud and
water of a slough near Woodland late
this morning. Sheriff's officers art
Investigating.
BROWNIE MARIE
Restaurant
Open Monday
Under Management of
Faye and Jim Ackley
We will be glad to serve our
old friends and customers.