o
tlX MEDFORD (OREGON) MAIL TRIBUNE
Tuesday. November 29, 1953
any Farmers To Enter
ith Larger Debts, Less Cash
"Washington (U.P.) The Ag
riculture Department said today
many farmers will enter 1956
with larger debts, less cash, but
more assets than a year earlier.
The explanation for this par
adox, the department said, "lies
in the value of farm real estate
which has continued to rise in
1955 despite lower farm in
come." Describing the farm real es
tate situation as "unusual," the
department's periodical, "The
Agricultural Finance Outlook
for 1956," said it apparently
stemmed from:
"The desire of farmers to en
large their farms; more liberal
loan policies of some mortgage
lenders; generally favorable
crop yields in 1955; the favora
ble outlook for the economy at
large; and the expectation that
the demand for farmland will be
favorable in the long run, partly
because of a continued high rate
of population growth in the
United States."
Trends Reviewed
The farm financial outlook
was issued in the midst of the
33rd annual Agricultural Out
look Conference. This is a meet
ing of state extension economists
and educators for a review of
current economic trends both at
home and abroad. Extension per
sonnel use the information to
carry on educational work with
farmers and homemakers.
The department said the "larg
er debts and less cash" situation
occurred because some farmers
bought more land; some installed
irrigation systems, many added
to their machinery and livestock
and used more fertilizer and in-
i secticides. Some made large out
; lays to repair storm damage.
These expenditures, made when
farm receipts were lower, re
duced the financial reserves or
I increased debts. Additionally,
some farmers "were unable to
adjust expenditures to the lower
level of income because of the
cost-price squeeze, or crop dam
age from drought or storms."
Reserves Reduced Little
In the aggregate, the depart
ment said, liquid financial re
serves of farmers were reduced
little during 1955, but farm debts
were increased considerably.
Most of the expansion in farm
debt resulted from increased ex
penditures for capital and oper
ating purposes, including an in
crease in the number of cattle
on feed.
Most farmers queried by the
outlook survey reported they are
able to pay their obligations on
schedule and that they have no
difficulty in obtaining the credit
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Church To Face
Integration Test
Erath, La. OJ.R) A Roman
Catholic priest said today the
"big test" of possible further
violence over a racially integrat
ed church school will come Dec.
5 when the catechism classes
are reopened.
The classes were closed about
two weeks ago after the alleged
beating of a woman lay teacher
who was on her way to say ros
ary. Two women accused as her
attackers were excommunicated
over the week end.
Father A. J. Labbe, pastor of
our Lady of Lordes church, said
the integrated classes would
start again Dec. 5 and added
"that will be our big test."
Labbe also disclosed that he
usually had someone to accom
pany him when he went out but
he said he is not afraid.
The priest said he had receiv
ed no letters or threatening calls
although friends had expressed
fear he was in danger.
The Most Rev. Jules B. Jean
mard, bishop of Lafayette, who
Issued the excommunication de
cree, warned parishioners that
"any further act of violence"
would result in the closing of
the church.
they request. Lenders reported
some increase in delinquencies,
but said most delinquencies are
low and most of their farm cus
tomers are in good financial condition.
Ruling in Favor
Of Jack Benny in
Tax Case Rapped
Hollywood, Fla. OJ.R) The
Federal Taxation committee cf
the Investment Bankers associa
tion today criticized the U.S. Su
preme court for ruling in favor
of comedian Jack Benny in his
long contested income tax trou
bles. The committee charged the
high court decision abetted
those who use loopholes in the
tax laws to avoid full payment.
"One of the great problems
faced by the drafters of tax laws
is that of tax avoidance," the
committee said. ". . . It can be
expected that as long as tax
rates are punitive as at present,
the wits of the tax avoiders will
continue to be pitted against the
taxing authorities.
Comfort From Court
"This year the tax avoiders
received comfort from the Su
preme court when in the long
contested 'Jack Benny' case the
court ruled that a transaction
entered into for the purpose of
diminishing tax liabilities was
legal if it conformed to the let
ter of the tax laws."
It recommended a ceiling on
earned income taxation be set
at 50 per cent and described
high progressive personal in
come tax rates as a "basically
anti-social situation."
The report estimated the ceil
ing would cost the Treasury less
than 3 per cent of all it collects
from income taxes during a
year's time.
Pendleton Woman
Auto Crash Victim
Pendleton (U.R) Miss Clara
Hutchinson, 63, of Pendleton,
died in a hospital here today of
injuries suffered in an auto
crash yesterday.
State police said Miss Hutchin
son's car was wrecked in a one
car accident on Highway 30 east
of Sheridan, Ore. They said, the
pavement was icy at the time.
Use Tribune Want Ad
on-Paid Consultants
To Escape lkes New
interest Regulation
Washington (U.P.) Non-paid
consultants on some 300 govern
ment advisory committees will
escape the tightened conflict of
interest regulations issued by
President Eisenhower, officials
said today.
The President's order placed
new curbs only on businessmen
advising the government on de
fense production matters, the of
ficials pointed out. They said
that of the 100 government ad
visory committees now in exist
ence about 700 were established
under the defense production
act of 1950.
No Statutory Basis
But the remaining groups have
no statutory basis and hence es
cape the President's new regula
tions. These committees advise
government leaders in such
fields as commerce, agriculture
and small business.
The officials also said that
contrary to an opinion ex
pressed" by Presidential Press
Secretary James C. Hagerty, the
new regulations would not have
applied to Adolphe H. Wenzell,
former adviser to the Budget
Bureau on the controversial
Dixon-Yates contract.
Advisor on D-Y Matter
Wenzell acted as an adviser to
the Budget Bureau on the Dixon
Yates matter while still a mem
ber of the New York investment
firm handling Dixon-Yates fi
nancing. His alleged dual role
led the Atomic Energy Commis
sion to declare last week that a
conflict of interest matter was
involved in the now-abandoned
contract and that, therefore, it
was refusing to pay cancellation
costs on it.
Officials pointed out the new
regulations would not have cov
ered Wenzell because his job
was one dealing with public and
private power matters and was
not covered by the defense pro
duction act.
Auctioneer's Sale
Alarming To Briton
Newmarket, England (U.R)
Horse trainer Dick Pea
cock heard the auctioneer at
the New Market bloodstock
sales announce:
"Mrs. Peacock at 10 guineas.
Any advance?"
Peacock looked around fran
tically for his wife but it was
too late. Mrs. Peacock was
"going, going, gone" for 84
pounds (about S235).
Peacock calmed down when
he learned "Mrs. Peacock"
was a three-year-old horse,
owned by Miss Dorothy Paget.
McCarran's Successor
Not To Be Candidate
Reno (U.R) t Sen. Alan
Bible, 46, Nevada Democrat ser
ving out the unexpired term of
the late Sen. Pat McCarran, will
not be a candidate for reelection
next year.
Bible announced last night
that he wishes to return "to the
quieter role of private life."
Nevada Democrats had hoped
Bible would seek election and
were confident he would win.
His decision not to run was cer
tain to touch off a scramble
among members of his party for
the nomination.
The first reinforced concrete
skyscraper in the US was built
here in 1902.
Use Mail Tribune Want t
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18 N. GRAPE
PH. 3-1971
Haines Girl One of Best
4-H Junior Homemakers
Chicago (U.R) Alice Anne
Loennig, 18, of Haines, Ore., to
day was chosen one of the six
best junior homemakers at the
34th national 4-H Club Congress
and was awarded a $300 schol
arship. The other winners were from
Illinois, Kentucky, Missouri,
New York and North Carolina.
Projects ranged from preparing
and serving meals to caring for
livestock. Each girl has been
active in her 4-H club.
Slides Force Use
Of One-Way Traffic
Salem (U.R) One-way
traffic was in force on the Col
umbia river highway five miles
east of Clatskanie and on the
Siletz highway four miles east
of Kernville because of slides,
the State Highway Department
said today.
Elsewhere pavements were
bare except for spots of ice at
Warm Springs junction, Bend,
"' '
lore Sold Than Any Other lake
There must he a reason!
SAVE MONEY!
SAVE WORK!
.i iua.TO -st--i.w&r-?;. :cx.
LOWEST OPERATING COST
DIRECT AIR FLOW
AUTOMATIC DOOR
FILTERED AIR
NOW ONLY
MODEL AD1
LOW
DOWN
PAYMENT
you can in sogg... it iTiestinioase
Tune In On "Studio One" KBES-TV-Monday, 7 p.m.
OPEN WEDNESDAY EVENINGS 'TIL 9 P.M.
EASY
TERMS
SPECIAL!
Play Santa For Everyone at Hubbard's
TTme will fly between no.
WE WILL BE OPEN EVERY WEDNESDAY
UNTIL 9 P.M. UNTIL CHRISTMAS!
REG. $1.00 WALL
Copper Tea Pot Shaped Wall Ther
mometer Cooper Brand.
NOW
ONLY
ALL COPPER FINISH
Houseware Items!
Copper is popular and Hubbard's
have assembled many items in this
popular finish. Here are just part of
the items. '
CANISTER SETS
STOVE SALT & PEPPER SET
MEASURE SPOON SET
CAKE CARRIER SET
SALAp MOLDS
SALAD BOWLS
ELECTRIC PERCOLATORS
ELECTRIC WALL CLOCKS
WAFFLE SETS
Heat-proof
tianHlo clntteft
ror nanging
.Two W v
spill-proof jf
pouring lips
Special Price
Cast thick as
9o silver dollar!
Thick bottom and
sides spread heat evenly
throughout skillet
Also available with tight-fitting covtr at
special pries of $6.95-'gularly $8.95
The beautiful skillet you see here, once you've tried it, will
make you a Magnalite fan for life. You'll love it so much that,
before you know it, you'll be doing all your cooking with a
complete set of Magnalite utensils. That's the reason for this
Cet-Acquainted low, low price of $4.45
lona by Wagner
THI METAL THAT RADIATES HIAT LIKI AM OVIH
layaway
WOlyi
ELECTRIC
Hair Dryers
o
Several models of dryers which de
liver ample warmed air to dry hair
thoroughly and quickly.
to
$6
$195
0
MEASURE
SPOON SET
There are few homes which can't use
this five piece STAINLESS STEEL
Measuring Spoon Set. Handles are
long enough to reach the bottoms of
cans. Four spoons and wall rack.
STEEL
NEW STAINLESS
bbL
DtO M JUST RECEIVED
I r ,c STE I FIRST SHIPMENT
All Stainless Steel
New Automatic Air Vent
New Pressure Regulator
New Cooking Guide
Thermometers
We are all interested in the weather
even if we can't do anything about
it. See Hubbard's selection of ther
mometers for indoors or for out
doors. Several models for mounting
outside a window.
75c to 4OO
Also Registering Minimum Maxi
mum Thermometers.
$T0 and 15
00
WALL TYPE
SHOE
RACKS
These three tier wall type Shoe
Racks will help keep a closet neat
and easy to clean. Bright chrome
plated finish. Rack space totals 60
inches.
$400
FRANCISCAN
WARE
New "Autumn Leafo
Pattern of
California Dinnerware!
"Autumn Leaf" is oven-safe and
cannot fade in any washer. A
flecked body decorated with a gay
swirl of brown, blue, green and
yellow leaves. Modern Americana
"Flair" shape.
16-PIECE
STARTER
SET
$4S5
the only way to
id:
COOKY and
PASTRY PRESS
Ttie vmuu jwxts." Genuine MIRR0
set indoon 12 forminf plates, 3 pestry rJpt,
veoden storage reck, htttroe-
ooot, recipes. Complete, onty
!25
MAIL BOXES
SEE HUBBARD'S FINE SELECTION OF
RESIDENTIAL MAIL BOXES. Models in
All Brass, Brass and Black and All Black
Finishes. Upright models with outside
magazine holder racks and also the new
Ranch House horizontal models which
easily contain and protect magazines
from the weather. All models designed to
add attraction to the home.
S25t0l795
TREE STANDS
1 : .
And to hold the tree you can
rely on the "Lifetime" Tree
Stand. The brace to the cone at
the bottom makes the stand ab
solutely rigid. Two sizes for
medium and large trees.
$1.65 &
$2.25
Christmas Tree Lights
15 Light Weather-proof Outdoor or In
door Set with clip on socket M QO
C 9'2 American Made Globes.... HsOO
15 Light Indoor Tree Set with clip on
sockets equipped with C 74 ?Q QQ
UllU
1.79
American Made Glomes
7 Light Indoor Tree Set with
C iy American Made Globes.
it
See Murray-Ohio's New Children
CHAIN DRIVE -
Police Patrol CYCLE
The Newest Item in the Wheel Goods Line
A really snappy Riding Cycle built like
Medford's police department uses. Has an
tenna and siren. Has compartment with
hinged door. Ball bearing drive. 50Q95
Ball bearing wheels
Hubbard
Medford
Ft
ros.. in
r
Phone 2-6189
Main and Riverside
214 W. Main Medford
Phone 2-5211