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TWO MEDFOHD (OREGON) MAIL TRIBUNE
Wednesday, Augui! 14,1937
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Magazine begins with some top Hollywood and show business figures gathered to give
testimony. Above Heft) is defense attorney Arthur Crowley, seated, with defendants Fred
and Marjorie Meade. Singer Tab Hunter (right) is possible witness. (International;
Your Parakeet Doesn't Know What He's
Talking About, Bird Expert Declares
White's Dissertation
On Fiat Money Gets
Wall Street Workout
Chicago (TP) Your parakeet
doesn't know what he's talking
about.
At the risk of disillusioning
lome bird lovers, Austin L.
Rand, chief curator of zoology
at the Chicago National History
Museum, has conducted some re
search into talkative birds.
His conclusion: "Birds don't
know what they're saying."
Most people realize this, but
they like to persuade themselves
that sometimes their feathered
friends understand a smattering
of their own conversation.
Most people don't realize it,
he said, but there are lots of
talking birds beside parrots and
parakeets. The starling, a fav
orite cage-bird of the Chinese,
is as good as any parakeet, he
aia,
And the Mynah, a jay-sized
black starling with vivid yellow
beak and head wattles, is famed
for its eloquence.
But the most talented mimic
of all is the mockingbird. Rand
cited the case of a wild mocking
bird who introduced 58 imita-
Local Insurance Agency
Presented Plaque
The Medford Insurance Agen
cy has been presented a plaque
by the Northwestern Mutual In
surance company in recognition
of 20 years service to residents
of Medford, Fred R. Brennan
vice president and manager of
the agency, has announced.
The 20-year service includes
the -representation of the late
Max Peirce for the company.
Joel F. Royal, company repre
sentative in this area, made the
presentation.
VIOLENT Photographer
Stanley Tretick snapped this
picture of hoodlum Johnny
Dio moments before Dio
clipped him on the ear and
called him an "S.-0-B" as
Tretick sought to photo
graph him in the Senate
Office Building in Washington,
tions in seven minutes of sing
ing.
Yet mockingbirds don't talk
perhaps because they haven't
been trained, Rand said.
Aside from the better known
talkers, ravens, crows and jays
sometimes learn to say a few
words. But there's nothing to
the old story that you can make
a crow talk by splitting its
tongue, Rand said.
Fit the Occasion
Sometimes, he conceded, a
bird's conversation will seem to
fit the occasion.
"There are some stories about
birds I simply don't believe,"
he said.
For example, the yarn about
a sparrow owned by a French
clergyman. The . bird supposedly
could recite the Lord's Prayer
and the Ten Commandments.
When wild sparrows stole its
food, the trained sparrow 'sup
posedly cried out in righteous
indignation:
"Thou shalt not steal."
FORMER SOLON DIES
Hartford, Conn. HP)
Former U.S. Rep. Herman P.
Kopplemann, 77, who served
five terms, died late Sunday.
Paris (IP) War veterans who
fought at Verdun 40 years ago
have- given up their veterans
pensions to help France fight a
new battle on the economic
front.
By ELMER C. WALZER
United Press Financial Editor
' New York (IP) Back in 1896
about the time William Jennings
Bryan's dissertations on silver
1 were getting
into swing, Dr.
Dr. Andrew
Dickson White
wrote a learn
ed thesis on
fiat money in
flation in
France.
On Nov. 18,
1933, Bank of
Elmer Waizer New Y o r k &
Trust Co. had- that pamphlet re
printed and distributed around
the financial district. That
period, some 24 years ago, was
one when world currencies were
anything but stable and there
were reports of all sorts of dis
aster approaching.
There probably isn't a broker
age house in town which hasn't
a copy of White's famous disser
tation on the assignats of tne
French Revolution, how the
printing presses turned out
money and how French currency
fell apart.
Every so often this booklet is
quoted in the market letters.
The street has come to regard
that small book as a work of
art, a gem on its subject. Many
a market man wishes there were
similar little texts on the other
intricacies of finance. .
White was president and pro
fessor of history at Cornell Uni
versity. He had been ambassa
dor to Russia. He knew how to
write dramatically.
In view of the recent French
currency difficulties, it isn't sur
prising that the white book again
is mentioned in the market let
ters. France has been a source of
study for those who probe the
wiles of fiat money and the
eventual downfall of a currency
when the printing press is turned
on.
John Law, a Scottish financial
expert, was put to work by the
French government after the
reign of Louis XIV. He built up
the Banque General in 1716 and
put the printing press to work
with a vengeance. The end re
sult was repudiation of the
French currency.
Less than 100 years later, dur
ing the French Revolution, the
Court Records
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MUNICIPAL COURT
David Anderson Jr., violation oi
basic rule. $10.
Jav Lesley Goodman, operating on
wronif side of street, 3.
Rodney Spencer Biddle, no driver's
lipns. $10.
Irene Kathryn Banker, disobeyed
stnrt siffn. S3. '
Laura Joan McCready, disobeyed
storj siem. So.
Dorothy Jean Meadows, disobeyed
siod sum. 53.
George Haynes, disobeyed stop
sien. $5.
Lloyd David Grassman, excessive
noise ftires), S10.
Lawrence Arthur Brown, excessive
noise frjinesl .S10.
Shirley Lee Swanner, " failure to
obtain Oreeon ooerators license. $15.
Edwin S. Cripe, violation of basic
rule. S10.
Jimmy Charles Miller, failure to
obtain Oregon driver's license. S5.
Arthur M. Curtis Jr., disobeyed
traffic signal. S5.
Irwin P. Ditch, violation of basic
rule, S10.
D. L. Luper, excessive noise (tires)
sin.
Walter S. Baker, disobeyed left
left turn signal, $5.
Glen William Hunsaker, disobeyed
traffic signal. S5-
James Claud McDowell, disobeyed
stop sign. S5.
Samuel Jacob Bedding Jr., dis
obeyed stoo sign. S5.
Delbert Johnson, imprope? ' lane
usage. S5.
David Leon Snook, violation of
basic rule, $10.
Jack J. Ansures, excessive notae
(pines). SIS .
Harvey Leland Haight. violation of
basic rule. S10.
Arthur George LaCourse, violation
of basic rule. S10.
Redford Earl Magruder, violation of
basic rule, $10.
DISTRICT COURT
Rollyn Glassferd, failure to stop
at stop sign. S10.
Elmer Richey, operating motor ve
hicle while driver's permit is suspend
de. S10S.
Wilma Evelyn Brophy, violation
of basic rule, $15, bail.
Tillman Carroll Sinyard. defective
brakes, $6.
Charles Stanley Bump, operating
motor vehicle while driver's per
mit is suspended. $50 ibail.
Clay Hurd. taking and holding
captive young game birds and ani
mals. ' 30.
Shirley Eleen Gamer, no driver's
license, $10.
James Arnold O'Neal, angling with
out license. $30.
Warren Chris Johnson, overwidth,
$25.
Raymond Earl Rapp. failure to stop
at stop Sim, $15 bail.
Paul Willis Dole, truck speeding.
$20 bail.
William David Coffelt. operating
motor vehicle while driver's . permit
suspended, $100 bail.
William M. ' McKenzie. failure to
stop before entering through high
way. $10.
William Albert Gossman, over
width. S15.
Billy Melvm Morras, overload. $141.
Alvin Jon Paudois, overload. $265..
William Andrews Jnoes, violation
of basic rule. $10. bail
Joseph- Oliver Frances Jr., over
with. SIS.
Joe Walsh, violation of basic rule.
$15. bail.
Sadie Christina Shepherd, permit
ting unlicensed person to operate a
motor vehicle. S15.
Brunhilda Swarty, angling without
license, $30.
Allan John McBelh. failure to stop
at stoo sign, $10.
Edwin Emanuel Tfesberg, failure
to stop at . traffic sign. $5. bail.
Earl Chris Laursen, overwidth, $10.
Earl Alvin Bliss, overwidth. $ls.
Carl James MacConnel. passing on
crest of a hill. S15. bail.
Dale Crawford Matthews, switched
license plantes. S20.
Virgil A. Miller, no operator's lie
ense. S10. bail.
Robert Otis Greb. no operator's
license. S10. y
Warren Hamilton Hays, failure to
stoo at traffic sign, $10. bail.
Betty Lou Cook, failure to stop
at traffic sien. $10.
Theodore Hi Hard Brown Jr., failure
to stop at traffic sign. 10.
Clifton Valentine Conover. failure
to stoo at traffic sign, $10.
cenjamin tarn est rtewman, zauure
to stop at traffic sign, $10.
Dave Wayne Hunter, failure . to
stop at traffic sign. 10.
.orman Leroy iiooper. oeiecuve
French again got the idea of
printing currency. This time
they planned to do it $cientifical
ly. They could control it.
The wise heads tried to bring
reason but couldn't. The majori
ty said the repudiation of John
Law's money would never hap
pen again. Things would be dif
ferent now.
The professor wrote the story
of this situation in 67 pages and
Wall Street has never let it get
cold on its bookshelves.
In 1790, when the printing
presses in France began turning
out currency, one could buy a
bushel of oats for 18 cents. By
1796 the same amount of oats
cost $10. A $4 cart load of wood
of 1790 became a $500 load in
1796.
A pound of soap went from
18 cents to $8; a cabbage from
eight cents to ?5.25; a pair of
shoes from $1 to $40; 25 eggs
from 25 cents to $4; and a pound
of sugar from 18 cents to $12.25.
Wall Street isn't saying France
will do it again, but it is bring
ing up the French situation as
one of the difficulties in today's
stock market.
France's troubles, of course,
go back to World War It days,
lately they have been aggravated
by the Suez Canal crisis when
the French joined the British and
Israeli forces in attacking Egypt,
by the Algerian situation, and by
foreign trade losses.
Southern Oregon Business Topic of C. of C. Roundtable
Southern Oregon has a "silver
lining," Don McNeil, Jackson
County Chamber of Commerce
manager, told the chamber
roundtable luncheon meeting
Monday.
Stressing the wholesale trade
carried on from Medford,. he
said 43 per cent of Medford
wholesalers cover a 10-county
area and 60 per cent serve a
six-county area. This, he said,
makes Medford the third largest
wholesale center in Oregon
doing an annual business of $82
million a year.
Effective buying income in
those counties amounts to a half
billion, according to figures from
the 1957 survey of buying power
by Sales Management, a publica
tion dealing with wholesale and
retail trade. The counties in
clude Cops, Curry, Douglas,
Jackson, Josephine, Klamath
and Lake counties in Oregon
and Del Norte, Modoc, and Sis
kiyou in California.
Freeway Development
Development of the Highway
99 freeway is the most important
single development in this area,
McNeil emphasized. The freeway
should help boost wholesale
trade further since Medford is
placed in the enviable center of
traffic, half-way between San
Francisco and Portland or Los
Angeles and Seattle.
The rapid growth of the Med
ford area is due to a relocation
trend, McNeil added. People are
The average London commut
er travels 1,945 miles a year,
according to British Railways,
patronizing 578 trains and 480
local stations in the greater city.
moving or planning to move in
from other areas as far away as
Texas. Some are locating indus
tries here which market their
products "clear out of the area,"
he said.
To draw visitors in who might
relocate here, the chamber is
planning to advertise in trade
magazines, McNeil said. Such
travel ads would be run in elec
tronics magazines and plastics
publications which would cover
California, Arizona and Texas.
Such publications are unclut
tered with vacation ads, he aid.
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