Medford mail tribune. (Medford, Or.) 1909-1989, November 24, 1944, Image 4

Historic Oregon Newspapers

Medford mail tribune., November 24, 1944, Image 4

Image provided by: University of Oregon Libraries; Eugene, OR

About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Nov. 24, 1944)

Prev Page of 14 Next Prev Issue Next Text PDF JP2 (2.6 MB) Clip/Print Image

Return to Top

Prev Page of 14 Next Prev Issue Next

Newspaper Page TextXL rOUH MEDFORD. MAIL TRIBUNE Friday. Wot. U. 1944 What About Government Bonds? Babson Advises Investing In Other Things Also B Roaar W. Babson j (Special Correspondence) ; Babson Park, Mass., Nov. 24 How can the huge postwar U. S. government debt be serviced? When the total annual expenses of the government under Presi dent Coolldge (including army, navy, pensions, debt interest, etc.) were only three billions, bow can we now provide the money to pay interest alone, of six billions? Increasing National ! Prewar national income was bout sixty billions. Out bankers state that Washington will pro Vide the necessary mo.iey to pay Interest on the $300,000,000,000 debt by doubling this national Income. By Increasing prices, land values, etc., this can per haps be done; but I am not too sure. Certainly, inflation would be a dangerous way i'Ut. Statisticians believe that all nations must make some read justments In their huge debts after the war. They see no rea son why the United States If we want our share of foreign trade should not do the same thing. If so, how may our debt be readjusted.? ;' Government Ownership Some day the banks, together ' With the railroads, public utili ties and certain large corpora tions, may be taken over by the . government. This, how ever, will rnot happen until the next busi ness depression. One step, how ever, we may expect any time. ; This -will be to nationalize the twelve federal reserve banks and thus save the government the i Interest on bonds held by these ' reserve banks. '! The federal governmend could also institute a 100 reserve policy and thus save the gov- OMARC CQFFES I too ethar MONARCH FOODS-.II Inl at OeMl ernment the interest on all gov ernment bond held by the banks. This Is now being advo cated by the "London Econo mist." In fact, Geoffrey Crow ther recently urged such a pro gram before the Manchester (England) Statistical s o ciety. This could be done, he claims, in a way not to hurt the banks, although I am not too sure of this. Probable Refunding My own present guess Is that as the "E," "F" and "Gs" be come due an entire new system of refunding will be instituted which will both save the gov ernment money and not neces sarily hurt anyone. For Instance, maturities up to a limited amount say $5000 will be paid In cash. Larger holders can be given the option: (1) of ac cepting 2V4 registered 50 year bonds two per cent being re tired by lot at par each year, it being understood that the gov ernment shall not buy any in the open market under par; or (2) of accepting 1 coupon 10 year bonds which would have a free market and have seme tax advantage. Along with such refunding, legislation will be passed by congress whereby i n s urance companies (and this will now be possible under the recent su preme court decision) will be allowed to value such 2V4 bonds at par, and banks will be allowed to value the 1 bonds at par whatever either issue may be selling in the open mar ket. This program could result in cutting the federal Interest costs about in half and ultimate ly in retiring the bends. All of the above means that the federal debt could be de vided into two parts like the departments of every bank viz: a savings department and a commercial department. Those who want income vill get 2V4, but they must be willing to fore go liquidity until their bonds are called by lot at par. Those who want liquidity must be con tent with 1 interest, but they will always be able to sell their bonds. This should be no differ ent from the way the banks are now treating us depositors in their two above mentioned de partments. Conclusion We all should buy our share of war bonds series "E," "F" and 'G." During the years ahead they may or may not be our best Investment. Only the future can tell; but this one thing is cer tain: If we will also buy a care fully selected list of good stocks, then we will have two barrels to our gun. If the bonds go down in price, the stocks should go up; while if the stocks go down, we will have a safe backlog In the bonds. T An army air force treasury exhibit, "Shot From the Sky," comprising a convoy of 23 trucks, stopped overnight In Medford yesterday en rpute from Portland to San Jose.'Cal. The exhibit contained Japa nese and German planes shot down in combat, together with enemy equipment and a big art collection of battle paintings made during combat. Purpose of the exhibit is to sell bonds in the sixth war loan drive, to recruit WACs and to recruit war workers. THE GRANGE . Central Point Grange The Central Point H. E. club will meet with Mrs. John Bohnert, Wednesday, Nov. 29 for a one o'clock dessert lunch eon. Co-hostesses will be Frances Hamilton and Thelma Dobrat. Election of officers will be held during the business meeting. Eudora Bohnert will give ideas- on Christmas decorations and Myrtle Patterson will fur nish a recreation number. Daily Weather Report Forecast Medford and vicinity: Partly cloudy tonight: slightly coldtr tonight; Sat urday, clpudy. Oregon: clear tonight; lightly cold er In valleys tonight: Saturday, In creasing cloudiness with rain near coast; slighUy warmer Saturday. Local Data Temperature a year ago today: Highest SO: lowest S3. Total monthly preclpltaUon 3.84 inches. Excess for the month .02 inches. Total precipitation since September 1. 1044. 4.98 inches. Excess for the season 1.20 Inches. Relative humidity at 4:30 p. m. yes terday 72; 4:30 today 94. Tomorrow Sunrise 8:13 a. m.; sunset 5:43 p. m. Boise Boston .... Cmcago Denver Eureka H.HWHH Havre Los Angeles ' Medford ,, New York Omaha .. Phoenix Portland Reno ... Roseburg halt LnKa San Francisco Seattle Suokane Washington, D, Yakima . .... 38 ... 08 ,. 87 41 .- 78 SI . 44 83 68 S3 99 SO 48 81 81 44 .... 48 .... 48 27 30 23 31 31 4S , 31 49 42 24 39 28 45 41 38 34 27 .03 as dusing time tot etinday Too Late to Classify 8 80 Saturday afternoon Please remember ' 3 : FOR DGST SLOGANS OF 10 WORDS OR LESS WHICH DESCRIBE TilCtt! Use Rain Drops for dish washing ,.. for laundry. Notice Its man advantages. Then, write your slogan In 10 words or less, telling us In your own words why you like Rain Drops. Sign your name and address and send your entry to Bu-Tay Products, Ltd., at the address below. Enclose box top from package or reasonably exact fac simile thereof. Your grocer has Rain Drops. EASY INTERESTING FiW4 Anybody May Win One of These 24 CASH PRIZES! Send Your Entry Today I 1st PRIZE 1 000.00 2nd Prize . . . $500.00 3rd Prize . . . $300.00 4th Prize ... $200.00 5th Prize. ... $100.00 6th Prize $75.00 7th Prize .... $50.00 8 thru 14 . . . $25.00 each 15 thru 24 . . . $10.00 each CHECK THESE POINTS They May Help You Win I OtSSCLlTS CREASE: mor 0rease rin9'' ,oaP eurc or '''m around basin, In laundry tub or washing machine I Just add enough Rain Drops to water to creote gay blue color. But use only Vi or less the usual amount of soapl Makes billows of fast-acting, dirt-chasing suds, even In . hard waterl Delicate fabrics and colors last longer I Eliminates extra bluing rinse I Washes clothes bright white, freshens colors, leaves fabrics soft I Leaves hands soft and smooth. No red, rough hands or ruined manicuresl VDISSOLVES INSTANTLY' wo'"n8' 00 treakiness, no harshnessl A fine powder, . never coarse or grainy I (s&tfcAt T&uUAJ Con c0, N0V,mb,f 30. 1944 and all entries muit be postmarked not later than midnight et that dots All entries submitted become the property of Bu-Tay Products, ltd Each entry mutt be accompanied by a Rain Drops box top or rea sonably exact facsimile thereof In the event of a tie, duplicate prltes will be awarded. Decision of the judges will be flnot. : VSAVES SOAP: VSOFTENS WATER: VBLUES: VMILD & GENTLE: U. 8. Eighth Air Force Head- qquarters, England (U.R) Light ning pilot 2nd Lt. Jack Denny of Los Angeles, balling out wounded from a fighter falling on Normandy, had had such a hectic day that he half expected his parachute to be full of holes. On the way down, he saw what he partly expected. Said Denny: "The damn thing was." He was coming down on a parachute which had been ripped by flak "and half of the panels were lint sieves." Below him was a sandy field, and he landed In that, hitting hard, knocking himself out, "and the Red Cross people who rescued me told hie later they had to pull roe out of the ground." Canopy Blew Off The hecticness had . begun when Denny's unit was straf ing. I was shooting up flak towers," the 23-year-old Call fornian said, "and I had just riddled my sixth tower when my plane was hit by enemy ground fire. 'The left engine was hit and then the tail. When I banked, PILOT'S HECTIC DAY CAPPED BY E more flak came up and shat tered the canopy and blew it off. Bits of the canopy struck me In the right eya and blood blinded roe. Then flak hit the right engine and that started acting up. "I called for help over the radio but my buddies couldn't iind me due to the low clouds, so I went on, headed north. I managed to get up to 11,000 feet but an 88-mm. shell hit the all tt thm ntotis nfffiln and I I atawtaA In.fntf altitude. - "I nursed the plane along, dropping lower and lower. I thought everything had hap pened to me that possibly could happen. Then out of the clouds, four FW-190's Jumped me," Jumps at 600 Feet Denny got out of that one by ducking Into the clouds. But he was having his troubles. "I manaced to set along 200 I miles to the Normandy beach j head," he said, "before the sec ond engine conked out." It was I i ,Ha r I U . ( tunc .u jcavu tua. uisuiuuiK, and Denny did it at 600 feet, with a parachute full of holes. When they had pulled him out of the ground he was taken to a hospital and awarded the Purple Heart while he was stiU there. Evangelist Patzsck Attracting Throng At Nazarene Church The special evangelistic cam paign at the Medford Church of the Nazarene, Holly at First, is widening its circle of attraction, according to Rev, Fred M. i Weatherford. castor. ! Tnnleht. Fvanffellat J! ' 1!. Patzsch's topic is, "A Timely Ex hortation." He will give a read ing in the Italian dialect. He will also -sing and play the trumpet. The evangelist will be heard three times Sunday. He will speak at the great Sunday school rally at 9:45 a. m. at which time a beautiful gardenia corsage will be presented to each of the first 100 visitors present. He will speak at 10:45 a. m. from the topic, "To Whom Shall We Go," Fur Remodeling and Repairing Reliniog. Cleaning end Glaxing Frances Dallaire Ph. 2526 Woodrow and Crater Lake How To Relieve Bronchitis Oreomulslon relieves promptly be. u 01 ielD loosen and ei term laden phlegm, and aid nature rouble IS6 the expel o soothe and heal raw, tender, ln- lamea oroncmai mucous mem ranes. Tell your druggist to sell yov bottle of Creomulslon with the un lerstanding you must like the way lt luickly allays the cough or you an o have your money back. CREOMULSION 'or Couzhs, Chest Colds, Bronchitis and at 7:30 p. m. from the topte, "The Glory of the Cross." The public is invited to all services. Os liau mbuuo Want Ada The "critical temperature" of a gas Is the temperature above which it is impossible to liquify it by Increasing the pressure. Tblontgomery Ward. Coupons ARE SO USEFUL... They make credit buying as easy as buying for cash.' Add a book of coupons to your monthly payment account at Wards. Then spend the ' coupons like cash for any merchandise in our store stocks or In our catalogs. lite fhw Ilka cash to buy from our store stocks. Give them Chsutmas gift envelope. Shop with them hi our catalog department. 117 SO. CENTRAL. PHONE 3930 6 good ways to use vegetables now available Parsnip-Carrot Casserole Put 2 cups each of peeled and sliced parsnips and carrota in alter nate layers in a well-greased 2-qt. casserole. -Sprinkle with 3 tbsps. flour, 1 H tsps. salt. H tap. pepper; add 2 cups milk; dot with 2 tbsps. butter or margarine. Bake in moderate oven (400 F.) about one hour or until tender and well browned. Serves 6. ' Acorn (Danish) Squash, talced Whale Put whole squash in oven, and bake at moderate temperature (376 F.) about one hour or until done, depending on size. Cut in two just before ' serving, dab butter or margarine In each half, and sprinkle with a little brown sugar and salt .mixed together, or with salt and pepper, and return to oven for a few minutes. Or Stuffed Stuff halved raw Acorn (Danish) Squash with hash or Spanish rice or sausage mix- ' ture. Bake in moderate oven (375 F.) about 50 minutes or until squash la tender. Mashed Rutabagas (Yellow Turnips) and Potatoes Pare and cut rutabagas lengthwise in halves or quarters, or dice them. Cook, cov . end, in just enough boiling water to keep them , covered, until tender (about 20 to 30 minutes). 1 Drain; season with salt and pepper, cream or milk, and butter or margarine. Mash and com bine with equal amount of mashed potatoes. aked Pumpkin (Incidentally, winter squash is interchangeable with pumpkin in this and many other dishes). Cut pumpkin into pieces suitable for serving. Remove seeds, but do not peat Place In single layer in large shallow baking dish, and bake in moderate oven (400' F.) about one hour or until tender. Season with salt, pep per, sugar, and butter or margarine. Serve on shell, or scoop out, mash, season, and serve. Rutabagas (Yellow Turnips) Au Oratln Com bine 4 cups of diced cooked rutabagas with 2 cups medium white sauce, adding Vi cup grated American cheese, and seasonings to taste. Place In well-greased casserole; sprinkle top with a little additional cheese; bake in hot oven (450 F.) about 20 minutes', or until cheese is melted and rutabagas are thoroughly heated. Safeway Homtmaitrs' Burton JVUA US WRIOHT. DlncUr ' 1 Straight from the country i Keally fresh fruits and vegetables! What an inspira tion for delicious meals and naturally fresh is the way Safeway sells produce. Take advantage, too, of bafeway's method of pricing fresh fruits and vege tables by weight You get your money's worth ebery purchase. SQUASH, half or whole, lb. 4c POTATOES, Klamath Gems, U. S. No. 2, 50 lbs. $1.19 CABBAGE, crisp solid heads . lb. 6c ONIONS, local Sweet Spanish ............ 50 lbs. $1.59 IMS J V I Speed the Victory: Support the 6th War Loan! LUX SOAP FLAKES A',"-21c Edwards Qualify Coffee . Jar 23c 45c n Idaho Reds or 5-lb. bag 2-lb. A. DG3IIS Sma" WM,M 43e bl9 .afcl DUZ GRANULATED SOAP s;2ic SPLIT PEAS a-ib, O Ac Green and yellow. pkg. aRaT M-J-B RIGE md. Oc White and brown. pkg. Mmm DRIED PEACHES 2,b. OOc Clean, tender Del Monte, pkg. M RAISINS b.OAc Seedless Thompsons. pkg. asfolT CANE SUGAR 5Qc (Stamps 30, 31, 32, 33, 34, 40) j W Nob Hill COFFEE Whole bean, lb. 20c. Airway COFFEE Whole bean, lb. 17c. COCOA Our Mothers. HEMO Borden's. 2-lb. bag 39c 12c 59 Canterbury Tea -i-.b. J'Sc Black. Vi lb. 22c' nka. W 3-lb. bag Lb. pkg. Mb. glass THIS VIA DONT r-ORGET TO BUY CHRISTMAS SIAIS the solar support I the National Tuberculosis Associa tion In Its tight against aiseate. Is. 21 There's Still Time to Enter the $3375.00 PANCAKE CONTEST! RINSO GRANULATED SOAP. Flour K1,n 25-lb. sack 95c Flour S".Vom25-lb. sack 87e Scftasilk 2CvXrp 28c Macaroni "'p1, 22c Macaroni XSSS: 10c Cheese Sprd. (?pRh,.23c Here's How: Just tell in 2S words why you prefer 1 "Cowboy Style or "Dollar Size" Suzanne pan-. cakesl Get your entry blank and rules at Safeway! Suianna Pancake Flour 2'i-lb.IC pkg. 13 3'2-lb. pkg. 19' sl4B rJjllMSJae WB I PINE- p,-. SheMord Cheese I Q I Willis 2dU. 5-c-x. I APPLE VaIuaaU Cheese Kraft I pts.) Vi-lb. pkg. Sno-While Sail Plain or Iodised! pkg. 24c 7c Regardless of cut er prke Safeway Meat Is guaran teed to please yen. lb. SAUERKRAUT...... 15c wieners: SAUSAGE HAMBURGER Boneless Sirloin Steak 35c lb. BEEF SHORT RIBS 35c lb. 35c lb. 28c lb. 28c lb. SUGAR BELLE PEAS, Fancv No. 2 Can 16c TOMATOES. Cardenside (30 ots.) No. 2Vi Can 15e GREEN BEANS, Briar Gate, No. 2 can 17e DICED BEETS, All Cold, No. 303 jar 12c SPINACH, Emerald Bay, No. 22 cn. 17e TANG, PREM MEATS, 12-oz. can 29e NuMADE MAYONNAISE . pt. 27c yuart ar ... 47c SALAD DRESSING, Duchess pt. 23e Quart jar 35c FRUIT JELLY, Tea Carden, 20-oz. jar 26o GRAPE JAM, Llbby's Amita, 2-lb. ar 35e APPLE BUTTER, Libby... No. 2Vi jat 31e APRICOT JAM, S & W 2-lb. jar 48c TOMATO JUICE, Sunny Dawn, (40 pts.) 46-oz 21e CHERUB MILK (1 pt. can) 3 tall cans 25c MADEIRA WINE (Similar to Sherry) Fifth $2.39 MADEIRA WINE (Similar to Tokay) Fifth '. $2.39 MADEIRA WINE (Similar to Muscatel) Fifth $2.39 KELLOGG'S PEP .;. 8-oz. pkg. 9e GRAPE NUTS They're Good! 12-oz. pkg. .. 13c Ivery purchase yea make at Safeway must please yea ene hundred percent er your money will be refunded In hill. Ves, the Average Food DoRar Oo.l Further at Safeway Food is priced at Safeway to save yea money and yet provide you with the beat quality available! Try buying all your food at Safeway, and note the real savings! SAFEWAY Prices effective m 'Ft rat ,f t tttt. s f t ( f t ...