Chest Members
Hear Report on
State Meeting
A report on the recent annual
meeting of the Oregon State
Chest was given to member ol
the Jackson County Community
Chest this week by Stanley Jones
Jr. and Harold Cook, delegates
to the state meeting from this
area. Cook is secretary of the
local Chest.
It was the largest meeting ever
held by the state group, Cook
said, and reports indicated that
fund raising campaigns in all
sections are meeting more co
operation from unions and em
ployers on payroll deduction
plans.
Is Pioneer
The Oregon Chest Is a pioneer
in its field, Cook said, and only
one other state has a similar or
ganization. Publications of other
Community Chest councils indi
cate, however, that other states
will ioiiow uregon s lead, Cook
added.
Figures given at the state
meeting indicated that during
1949, Chest child care agencies
served a total 01 ub cases from
Jackson county, and gave a total
ot 13,401 days oi care aa in
crease of more than 1,000 over
the previous year. Care for
Jackson county cases has in
creased mora than 100 per cent
in live years.
Pay Less Than Half
The Jackson county budget in
cludes aDoui siu.uuu lor hte
state Chest agencies, and Cook
said that a conservative estimate
indicates that county residents
pay for less than half of the
necessary care given county
cases. Since the last campaign
did not meet its goal, payment
to the state Chest this year was
about 87 per cent of the budget
ed amount. Eleven of Oregon's
36 counties raised 100 per cent
or more of their goals. Two
other counties raised a greater
percentage of their quotas than
did Jackson county. Others
ranged downward to one county
which raised 54 per cent.
Local Representation
Frank C. Bash, president of
the Jackson County Community
Chest, is a director of the Ore
gon State Chest, and a member
of its agency review committee.
Victor Milnes, Harold Cook and
Mrs. Scott Davis, all Medford,
are members of the State Chest
corporation, and William McAl
lister is a representative at large
from this county.
Several meetings of the county
Chest have been held in recent
weeks, and an announcement of
new officers will be made soon,
It was reported. Plans for the
1950 campaign next fall are now
being prepared.
The University of Illinois Is
acquiring a 63-acre tract of vir
gin timber containing 46 native
tree species, among them huge
oaks some of which are estimat
ed to ba 450 to 500 years old.
Babson Discusses 'When To Buyr
By Roger W. Babton
St Louis, Mo Apr. 28 (Spe
cial to .Mail Tribune) As soon
as I talk business conditions
with anyone
out here
banker, manu
facturer, mer
chant, farmer
or wage earn
er he asks:
"How long do
you think pres
ent good con
ditions can
last?" They all
. seem to realize
. tnat the coun-
tryand especially wages and
nigh ba7isre n a" ariiidBUy
t.m iUno,t b! our banking sys
which have brought on previous
5 eP.r"ion- The most prevalent
5? the next business
collapse will be brought about
by competing labor leaders and
,rea.s n ably high taxes,
throughout the central west, a
severe crop failure, lasting two
or three years, is most feared.
Of course, an attack by Russia
could make an awful dent in the
stock market.
. Personally, I do not look for a
bust, or even a panic during
the next year or two. My fear is
pf a slow "erosion," caused by
increasing competition, reduced
profits and declining sales. There
is a limit to the number of
houses, autos, televisions, refrig
erators, etc., which families can
buy either for cash or on install
ments. We are fast approaching
this limit. When retail sales fall
off, employers must lay off
workers. This increasing unem
ployment results in still fewer
sales, more unemployment, and
finally we will be confronted by
15,000,000 unemployed and a
dead stock market. An excess of
new labor-saving machinery
could also hasten this "business
erosion" until unemployment
gets adjusted thereto.
Chart Shows Depression
Can Be Expected Anytime
According to the Babson chart
which covers all sections of the
country a business depression
could be expected any time. For
over 10 years business has been
above the normal line. When
this Babson chart is broken '
down, it is found that it is made
up of four cycles. Each of these
are of different duration. These
have been worked out ln detail
by two famous economists Ed
ward R. Dewey and Edwin F.
Dakin.
The longest of these cycles
runs for 54 years; the second
longest for 18 years; the third
longest for 9 years; and the
shortest for 41 months. Ordinar
ily, throughout the past century
these cycles often reach their
high and low points at different
times and hence neutralize one
another. This is the reason I de
pend upon my composite chart.
But a study of these four inde-1
pendent charts of Dewey and
Dakin indicates that they all
may reach their low points about
1952. If so, those who are saving
up to buy a home or stocks or
other things, for lower than pres
ent prices, have only about two
more years to wait.
Cold War Mutt Be
Considered in Recession
A discussion of when the next
business depression is due, must
consider the cold war in which
we are now engaged. In fact, it
almost looks as if we are still
fighting World War II. Certain
ly as a war measure, our govern
ment cannot afford to let this
country suffer from serious un
employment, failures and a col
lapsed stock market until we
have certain peace. This might
come through Stalin's death, a
Russian revolution, or through
compromise due to mutual fear
of the H-bomb.
Until the present cold war
ends, our country must keep
sending billions to Europe; must
speed up production of arma
ments; must support farm prices
and must help small business. In
short, I see no serious business
or stock market collapse so long
as the cold war continues. I say
this irrespective of what econo
mists or political leaders have to
say. Hence, I believe that Joe
Stalin is the only one who can
answer correctly our question:
"When will it be time to buv
houses, commodities and stocks
cheap? In fact, even he does
not now knowl I, however, do
not believe that 1950 will offer
this opportunity.
Farmers Are Optimists)
Most Out of Debt
The farmers out here are fair
ly optimistic. Most of them are
out of debt and many have good
bank accounts. During the past
Youngster Struck
By Truck in Portland
Portland, Ore., Apr. 28 flJ.R)
Four-year-old Bruce Pederson of
Van Nuys, Cal., hit by a truck
yesterday, was in critical condi
tion, Portland Sanitarium at
tendants reported today.
The truck ran over the boy's
mid-section when he dashed into
the street. His parents, Mr, and
Mrs. David S. Pederson, arrived
here last night to return the lad
to California when they heard
of the accident.
Bruce had been staying with
his grandparents, Mr. and Mrs.
Ben G. Stark.
Friday, April 28, 1950
MEDFORD (OREGON) MAIL TRIBUNE IflHE
few years they have been buying
equipment, repairing their build
ings and improving their soil.
They feel that even as prices of
farm products further decline
which they expect congress
will treat the farmers fairly.
Only two things these farmers
fear: one is another lone drought
which may come anytime; the
other thing which worries them
Is whether Mr. Truman has the
right advisors. I find out here a
very strong hope that General
Eisenhower will be their next
president.
WOOD
Order Your Green Wood
Now for Future Delivery.
2x2, 2x4, 4x416"
CENTRAL POINT
FUEL CO.
Undtr New Management
PHONE CENTRAL POINT S71
Mon. thru Fri ( a.m. to 4 p.m.
117 S. CENTRAL
TELEPHONE 2-6241
LAST DAY OF
WARD WEEK
ENDS
SATURDAY
mm
PIS GES
SAL
reflect zooming popularity of
the New HIUJILDSOKf
LEADERS IN RESALE VALUE . . .
"Step-down designed Hudson! lead in
resale value, coast to coast, according to
Official Used Car Guide Books.
. . . and here are the figures
to PROVE it:
What better proof could there be of the nation's acclaim
for the New Hudson's years-ahead styling and outstanding
durability than this car's high-dollar value with used-car
buyers, coast to coast?
The figures shown In the table at right are used-car retail
prices based on the latest National Automobile Dealers
Association Official Used-Car Guide, and these figures are
reported by dealers themselves dealers for all makes of
cars. They refer to 1948 four-door sedans, that being
the most common model and the fairest basis of comparison.
The New Hudson has a considerably higher average
resale value in relation to Its original cost than the
average of the 18 cars and models In Hudson's
- price class!
luiooinKMiM
nlMUM
PACIFIC COAST REGION
Avaraie Retail Selllni Price., April 19S0
Chrysler Saratoga ....... 163S
Chrysler New Yorker ..... .... 166S
DeSoto DeLuxe .... .... 1450
OeSoto Custom 1300
Dodge Custom .. 138S
HUDSON SUPER-SIX 1685
HUDSON SUPER-EIGHT 1695
HUDSON COMMODORE SIX 1783
HUDSON COMMODORE EIGHT .. 1795
Mercury .................... 1215
Nash Ambassador Super . .. . . 1370
Nash Ambassador Custom -............. 1420
Oldsmobile 78 . 1493
Oldsmobile 78 DeLuxe . .. ..... 1535
Oldsmobile 98 .. ... .. 1655
Oldsmobile 98 DeLuxe . 1735
Packard Eight - ... 1645
Packard Eight DeLuxe ..... 1725
Pontiac Eight Torpedo 1405
Pontiac Eight Torpedo DeLuxe ........................ 1425
Pontiac Eight Streamliner . 1475
Pontiac Eight Straemliner DeLuxe 1493
Studebaker Com. DeLuxe ...................... 1435
Studebaker Com. Reg. DeLuxt 1475
Studebaker Land Cruiser .... 1600
1006 N. Riverside
M. M. HUDSON CO. phone 26281
AUTHORIZED HUDSON DEALER Sam Mete and - Tony Mete
117 SOUTH CENTRAL
TELEPHONE 2-6241
i i i . ... in . ms i i i a
Saturday One Day Only!
SATURDAY LAST DAY OF WARD WEEK SALE
REG. 1 .49 FEATHER PILLOWS SHEET AND 2 CASES
Full size plump.y filled pillows. J rf fifl tgR." &fl(lf
Woven striped ticking. B UU Sheet and 2 cases. SHEET and V UU
LIMIT 2! 1 A 2.67 value. 2 CASES
Sheet 81 "x99", Cases 36"x42" 3
29c RAYON PANTIES WOMEN'S HOUSE SHOES
5 FOR
Run resistant rayon briefs with Values to 2.49. Blues, blacks,
band or elastic leg. Assorted f Plnk' Broken sizel and styles' M (ill
colors. Sizes S. and M. B w Extra savings! II
BLUE CHAMBRAY If ' (f ' iMll 'JV '
'stay-up' i ip-A M' 4 a tn?r: i
BOXER SHORTS I. )
A Reg. 59c value. San
forized for lasting fit.
Sizes 2, 4 and 6. A
special value!
eT fit '
REG. 59c T-SHIRTS
Extra long fine combed cotton X
shirts with pocket. White, blue or
maize. S., M., L.
2 FOR
jOO
GERE
qssk fflSKfr 3iB& aanfr tl I
ALL-STEEL TOOL BOX
Size 21 '2x7x6'2
Fine crackle finish tool box with
removable box tray. Spot weld
construction. Rg. 4.50
$900
SPORT KING FIREFLY
Regular 35c .hand tied Fireily
made of Cantron.
Regular 19c Wet or Dry Flies,
8-12, Big Selection
6 FOR $1.
3 FOR
S00
REG. 6.50 IRONING BOARD
15x54" seasoned wood top. All
metal understructure. Rubber
feet prevent creeping. Super
value!
$500
REG. 6.69 "MW" SWEEPER
Quality built sweeper has features
of cleaners selling up ot 8.75.
Rubber guard, built-in brush.
$00
TCEB SEED (tUflinO UBHlliJ ail3X' RI