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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Aug. 20, 1958)
MAIL TRIBUNE, M.dW, Onsen, WtdntiaV, Austin JO, If II Decline of Dollar's Purchasing Power Fault of Congress Blame for the decline in the ; purchasing power of the dol lar during past years belongs : squarly in the lap of Con- gress, Lewis L. Huelsdonk, chairman of the gold com ; mittee of the Western Gov- ernors' Mining Advisory ' council asserted here Monday. ' Huelsdonk spoke to about 60 persons at the Jackson County Chamber of Com j merce roundtable luncheon on ; the domestic gold situation .' and monetary policy. , The speaker condemned the : practically unrestrictive pow er granted to the Federal Re ; serve System, noting that ' it ; has the power to create or de : stroy money and, therefore, . holds the power to bring about inflation through the over-supply of money; or to produce depression by the under-supply of money." Authority lo Curtail Congress is the only body with authority to curtail the activities of the Federal Re serve system, he pointed out. Short - Cut Talked Into This Area Ashland The proposed short-cut between Highways 40 and 395 would be of tre mendous value to the whole Pacific Northwest, according lo F. W. Loosley, president of the Isaac Roop Low Pass All Weather Highway associa tion. The man from Susanville told Ashland representatives there last week end that this would mean construction of 165 miles of road from High way 40 at Winnemucca to Highway 305 near Susanville. The new highway would tie in with Highway 89 from Su sanville to Mt. Shsata and provide a direct, high-speed road into southern Oregon, he explained. The last section of the Fea ther Lake highway is now scheduled for completion of paving in the next several years, he added. $650 Worth of Tools . Taken from Parked Car A tool box containing ap proximately $650 in tools was stolen last night from the car of Louis Edgar Campbell, ' Grants Pass, according to citv police. Campbell told police the car was parked in the alley be hind Front st. between Main and Eighth sts. He said the tool box weighed 150-200 pounds, according to the re Huelsdonk. secretary, trea surer and general manager of the Best Mines Corporation, Downieville, Calif., was pri marily advocating a increase in the official price paid for gold. "Our present see-saw mone tary policies are not condu cive to sound money and the longer we wait the higher gold will have to be priced," he stated. An Increase in the produc tion of gold for the free world is being needed more and more each day. "as a patch for the gaps which credit money keeps tearing in the econo my," according to the speak er. Russia has grasped the seriousness of the situation and is going all out to pro duce gold, he added. Gold-Backed Ruble It is now being predicted that Russia will soon outstrip South Africa as the leading producer of g o 1 d,, and will soon hold more gold as mone tary reserves that the United States, he continued. Huel sdonk went on to speculate that behind this move is the realization thaat a gold-backed rubble could possibly top ple the prestige of our depre ciating dollar in a trade race. The mining man told the audience that higher prices will have to be Daid for eold if it is to be economically feasi- Die to continue minine the precious yellow metal. ihe dollar today is worth less than 50 per cent its value in 1948-49, Huelsdonk said. This would not have been pos sible if we had a sounder gold base, he contended because "gold cannot in any sense be considered a money of infla tion, for its value is always in physical evidence and this tangibility cannot be offered as payment until the cost of its production is defrayed." Among those present at the Jackson hotel for the lunch eon were Republican Guber natorial Candidate Mark Hat field and Mrs. Hatfield, who were in Medford for a polit ical rally. Decorative Note pliiipi Stranger Uninjured In RR Switching The unidentified stranger was sleeping Monday night under the south end of the freight car when the South ern Pacific switch engine slammed into the line of cars to make a coupling city police reported. He was apparently struck by the braking gear of the next car in line. A witness saw him crawl out from un der, the back of his shirt torn and bloody. ' The witness asked him if he wanted a doctor. No, he re plied, all he wanted was his bottle of wine. He crawled back under the car, recovered the bottle, and walked-off into the night. Court Records MUNICIPAL COURT John Nicholas Tervolar. 1S01 North Riverside ave., drunk in Oakie Garrison, 319 Jeanettt t nrunic in TitiniM sin JfKPnh Davit HpnHercnn iwmw sient, drunk in Dublic. S10. South Central ave, disorderly con duct, S20. Joseph Clinton Nogle, Camp wmie, aisoraeriy conauci, $13. DISTRICT COURT Robert H. Bayne, failure to stop Don L. Kucera. overlensth. 1!S George H. Paul, no mud guards, S6. Charles R. Driskell, failure to iransier uue. o. Peter Friesen, no operator s li cense. S6. Jesse W. Smith, no operator' li cense, $10. Strikt a decorative note with this chair-set of birds-in flight set off by roses. Bluebirds, roses in fascinat ing filet crochet. Pattern 7360: directions, easy-to-follow charts for 12xl5V inch chair back, 6x12 arm rest. Send THIRTY-FIVE cents (coins) for this pattern add 5 cents for each pattern for first-class mailing. Send to Medford Mail Tribune, Household Arts Dept.. P.O. Box 168, Old Chelsea Station, New York 11, N.Y. Print plainly NAME. ADDRESS, PATTERN NUMBER. Send TWENTY-FIVE cents more for a copy of our Alice Brooks Ncedlecraft Cata logue. Two complete pat terns are printed right in the book . . . plus a variety of designs that you will want to order: crochet, knitting, em broidery, h u c k weaving, quilts, toys, dolls. : CIRCUIT COURT Bonnie Ruth Mink vs. Edward C. Mink, divorce decrp Norman Kelly Cuddie vs. Julia x,ivira yuaaie, divorce decree. t-airicia Ann Green vs. Neil L, Orvella BlacK vs. Leonard Black, invoice complaint Charlotte F.. Fvane u. jLvans, ojvorce decree. Mary E. Holland vs. Enoch R. miliaria, aivorce decree. Myra J. Thorp vs. Orville A Thorn, divnrop ricir Evelyn Lou Inlow vs. Paul Inlow, divorce complaint. Helen M. Casey vs. Carrol D Casev. divnrr Hprr. MaTV T All I Tnun4.n . T A . .. V 3. 1VCI1 An- arew juowaen, divorce complaint. MARRIAGE LICENSE William WinfiolH Hru..t ' ' " ncrt l ana Sharon Rose Picard, both of Med- tora. . ; uiGM V.CI1UI1 t-oini. ano jois Mary Cunningham, Rlllv n nvlo Dannan, K.J. 1 - L""l' ' . I AMCULUIO. and Dorinda Belle Glenn, Central conn. 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