Image provided by: University of Oregon Libraries; Eugene, OR
About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (May 29, 1942)
MEDFORD MAIL TRIBUNE. MEDFORD, OREGON. FRIDAY, MAY 29. 194 PAGEFTVB Booms and Depressions Babton Discusses These Uncertain Timet Babson Park. Ms-, May 2b. The economic life of the United ite differs Ut"e from our own personal lives. Both are char acterized ry tips and rU.v-ns. Wars, iand speculation, agricultural iipeK. tariffs, foreign relations, mergers, pump-priming legisla tion, labor unions, and ether good and bad factors have all played a part in the pivrerlt or in the decline of our country's affairs. When the war will end, and whether we shall have a post-war slump or wr.elher bcom times will continue, no man can now soy. By another stx months, however, the entire situation should be .nuch clearer. I : Look Backward Gives Hint oi the Future My life has been spent in look ing forward. I have continually tried to anticipate coming events in order to preserve my economic independence. Due to a praying faiher and mother, I have looked upward for guid ance in my personal affairs and when advising others. Such success as I have had has come through my early recognition Tf the practical values of the vl unbeatable combination of faith, Industry, and intelligence. .His tory certainly repeats itself and often is a dependable guide. Hence, let me briefly review some of the events in our na tional economic experience in the order in which they have 'appeared to me. My father was born in the depression of the 80' from which the Civil war pulled us out I was born fol lowing the long depression of the 70 s which was caused by the collapse of railroad and farm speculation and paper cur rency. Resumption wf gold pay ments, the great rise in immi gration, several notable inven tions, and complete freedom for enterprise finally brought this depression to an end. Some years of prosperity followed. (Sraiy Politics Cause of Panic This prosperity was brought to an end byxrary pontics wmcn led up to the panic of 1893. This constituted my first indi vidual contact with hard times, For some years a severe agri cultural depression existed which was aggravated by the Bryan campaign for free silver. In 1898, however, business got another uplift due to the Span ish-American war. Almost im mediately a boom followed dur ing the so-called merger years when our great corporations were formed. For a while both business and the stock market boomed. But antitrust scares, high finance. and the European collapse in 1914 brought about another period of depression. And then, Just as now, we got Into World Jlwar I and a period of great war ''activity followed. This lasted until the armistice In 1918 when for a year or more the volume of business sharply receded. The rise of the automotive in dustries to major proportions and the resumption of foreign trade gave us, however, a post war boom of eight years of building and general expansion. This resulted in the "New Era" psychology of speculation. Stock prices rose to astronomical heights. War Boom Braked By Regulations . The rest of the story is his tory within the memory of all readers. We all recall the col ' lapse of the market and busl- TRAILER CAMPERS ENJ0YPR0GRAMS Recreation Tent -Proving At traction With WPA-Di-rected Social Activity. ness In 1929, the long years of internal depression, of unem ployment, and of deficit spend ing. It took about five years for New Deal pump-priming to produce a rise in business volume. As to how long this artificially-created boom would have continued, no one knows. At any rate, the nasi wart came along to plug up the business leaks. Now we are engaged in an other period of rising business volume and living costs with in flated wages and full employ ment all associated with boom times. For the time being, however, these factors are tem porarily being held back by war scarcities, priorities, regu lations, "forced" savings, brakes on installment buying, and other edicts from Washington. Our boom has come through the creation of our enormous arma ment industry. This has been large enough to absorb the en tire automobile industry, the manufacture of many consumers goods, and other forms of busi ness activity. Hard To Say What's Ahead Tills short summary of the past 100 years shows that with all our wealth, legislation and brains, we have found no pre ventative for business depres sions. Government spending Is now approaching 133 million dollars per day. Soon it may be 200 million. The effect of this upon business and stocks, in spite of taxes, should, before long, be bullish. Even after the war ends, we must continue to arm. We will rebuild much of the property of the world that war has destroyed. New indus tries, led by plastics and chemi cals, have a great future. Fur thermore, air express, freight, mail and passenger transport companies may cause a great new foreign and home trade which, in event of a post-war slump In other lines, can again put us on our feet. But why continually resort merely to war or other material things to pull us out? How many more depressions will it take to teach us that only a spiritual awakening will pre vent these unemployment slumps from repeating? The younger generation is daily proving in their sacrifices that they are far from soft The least we oldsters can do Is to preserve their heritage and make sure these younger minds are governed by the right spiri tual motives. The set-up today and for some time to come, economically, politically and spiritually lies up the alley of our children and grandchildren. I am confident that our future will be safe and profitable only if they wiU put God's Will first. Dm ftlall Trtbun want aaa. People of the Jackson county trailer camp are responding en thusiastically to the program of recreation activities being or ganized in the trailer camps under leadership direction of the Work Projects administra tion defense recreation program. Mrs. Marjorie Pena is super visor for Jackson county and Miss Margaret Achterman Is re creation leader for Jackson county trailer camp. A recreation tent has been erected under direction of Lloyd Rupp, chairman of the organ ized labor recreation commit tee, and contacting of the in habitants of the camp was done by Mrs. H. Baum, Mrs. Johanna Remick and Mrs. Cora Kenny. Last week there were several dances, an evening of com munity singing led by Mrs. Eve Prentice and her accordian band, and an evening of enter tainment by Mrs. Alexander and her Hawaiian band with pic tures of Hawaii and the Philip pines shown by Mr. David D. Roberts with comments by Mrs. Roberts. Mr. Le Sufur, recreation technician of the WPA state staff directed an evening of fun and dancing. A loud speaker was furnished for the occasion by Fluhrer's bakery. Last Monday a variety show was put on by camp talent, Mrs. Clymer, Johnnie Gibson, Mrs. George Le Baun and Don Phelps. Women of the camp have held several afternoon meetings and are planning a variety of activities. On Wednesday. Mrs. L. G. Gentner, Mrs. R. T. Nichol and Mrs. Dee Hendrlckson of Medford Garden club helped organize a garden club; officers were elected and plans made for beautifying the camp. On Monday at 1:30 the worn' en will meet for a first aid class under direction of the Red Cross. This work will be car ried on for the next four or five weeks. Coming events include: May JB Evening of music arranged by Mrs. Purucker of Baldwin Piano company. May 31. Entertainment by Mrs. Prentice and accordian band composed of children under 12 years. This program will be broadcast from the camp recreation center. June 1. Mr. Whipple, well known magician, will put on a snow. June 3. Mrs. Olive Floyd and a committee of helpers will direct an evening of fun and games. Recreation activities are being planned for all age groups In the camps. Play activities for the small children games, hikes and special events for the old children, such as puppet shows and hobby activities. 13 8TH GRADERS PROM LONE PINE GIVEN DIPLOMAS Thirteen participated In the eighth grade graduation exer cises of the Lone Pine school Monday evening at the Roxy Ann Grange hall. The program opened with the Lone Pine or chestra playing "Graduation," "Lawrence Overture" and "Gol den Rule." Russel Rose was aalutatorlan and Geraldine Thomas present ed the valedictorian address. Leon Smith read the class his tory and Dwane Lehman the class prophecy and Gladys Jones the class will. Guest speaker was Don McKenzie from Med ford Junior high school and di plomas were awarded by Carl Quackenbush. Gladys Jones played a clar inet solo and the string band presented "God Bless America.' At the close of the program re freshments were served. Graduating were Betty Lou Allison, Gladys Jones, Cleve Kendall, Dwane Lehman, Dalton c AOiaUengetoOrcgonScotctfDrinkcrs lha&Otaftfe Roval Banquet is your whisky if you likc"scotch"! It is a true scotch-type whisky made with more real imported scotch malt whisky than any other do mestic blend. Royal Banquet is blend ed for your enjoyment priced so you can really enjoy it Try it! 45 QUART $25 SCOTCH TYPE WHISKY BUndedbj C6T Old Stock ALE ANO ClUI tilt MNtH SftwINO CO SN rtANCiKO. Gull. - - Lemley. Joyce Morgan, Learoy Price, Russel Rose, Betty Alice Stoffer, Geraldine Thomas. La Verne Yocum, Leon Smith and Clyde Wright. In behalf of the P. T. A., Mrs. L. S. Lehman, retiring president of P. T. A., expressed apprecia tion and thanks to Mr. Webb, principal, who will not return during the coming year, and also to her officers and members for their cooperation. Nearly every bomb shelter In Malta Is equipped with electric lights and radio. Cioslnf Urn (or Cluind Ada 0 . m Too lata to CUMlfr U SO SALEM WOMEN FORM ENTERTAINMENT GROUP Salem. May M.") Salem'a new Hostess League of Women, authorized by the City Recrea-. tion commission to provide en tertainment for service men, was organized here last night. M. M. DEPARTMENT STORE New Store Hours! Friday Night we will dote at 6:30 and will be Closed all day Saturday Memorial Day BEGINNING JUNE 1st OUR STORE HOURS WILL BE 9:30 a. m. to 8:00 p. m. Week Days 9:30 a. m. to 8:30 p. m. Saturdays M. M. DEPARTMENT STORE a ' , ' V -s w ir e Ihis country is engaged in the business of winning a war. It is a serious business, affecting the lives and works and plans of all of us. Day by day, wartime conditions raise new problems in the making and selling and using of goods. Day by day, advertising is called upon to help meet these emergency problems. And by its very nature, the newspaper is better equipped to serve adver tisers and consumers today than any other medium. rjijf-- The speed and flexibility of news papers, more valuable today than ever before, enable an advertiser to meet the swiftly changing market conditions of this emer gency, when and where these changes occur. In newspapers, an advertiser can deliver the right message in the right markets at the right time. In no other medium can an advertiser fit his message to current emergencies so quickly and effectively. The coverage of newspapers, more tomuicio luuay man ever Dcrore in- rar vi eludes all the people an advertiser wants to reach. Executives, retailers, consumers... everybody who should be kept posted on a com pany's wartime operations. ..can be reached through this single medium. (The latest official ABC reports show newspaper circulations at an all-time high.) Sealer Interect in niimmiwn tnnra f i m -? " - iQj intensive today than ever before, as sures an advertiser of even closer atten tion to well-executed newspaper ads than in the past The Continuing Study of Newspaper Read ing shows that war news in the headlines meant more careful reading of the ads; that the more im portant the news, the more thoroughly people read the whole paper, including the ads. Today, more than ever before, people realize that the ads are newt, too. ..timely news that gives them valuable advice, saves them time, energy and money. The efficiency of newspapers, more important today than ever before, gives an advertiser a more economical, waste- free delivery of his message than any other medium can offer. Advertising economy Is all-important these days, and can best be effected through the marksmanship of newspaper advertising. these and other advantages, each one accen tuated by wartime business conditions, male newspaper space the one medium which It completely geared to today's needs. That's why the makers end sellers and buyers o! goods are finding newspaper advertising to service able and so valuable today. fa Tie Bureau of Advertising -fa American Newspaper Publisher! Association vr o which this newspaper 1$ a member ir 1L 2
