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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Feb. 1, 1959)
f&f?, 'P 5- -Ami ffei HAWAIIAN ENTERTAINMENT - Shown above are Hawaiian dancers who enter tained at the Rotary club meeting last week. They were in Medford in connection with promoting all-jet service between the west coast and Hawaii. Flown in by West Coast Airlines, they represented Aloha Airlines and Pan American Airlines., Left to right, they are Cooke Wasco, Helen Thompson and Ululani Kealoha. The Rotary club ob served its annual Ladies Day. -(Brainerd's Photo). Credit Association To Celebrete 25th Anniversary Feb. 9 Southern Oregon Produc tion Credit association is cele brating its 25th anniversary during the annual stockhold er's meeting at the Rogue Val ley Country club Monday, Feb. 9, it was announced. Registration is scheduled to start at 10:30 a.m. Lunch will be served at noon following the business meeting. ; The local anniversary is also part of the 25th birthday being marked nationally by production credit associations. They have been noted as pace setters among short-term lend ers, a spokesman .said. ... Organized in 1930's . Organized - during the de pression of the early 1930's and developed during a period marked by a major revolution in agriculture, production credit associations'have dem onstrated that farmers and ranchers, working together can operate their own credit business on a sound economi cal basis, a spokesman noted. Money can be borrowed at rates comparable to those charged other businesses, and provide leadership in gearing credit . needs to. a changing agricultural economy. Agricultural leaders point to $120 million of government funds invested in the system under the Farm Credit Act of 1933, all but $3.9 million has been repaid. Since their organization, production credit associations have Drovided farmer and rancher owners with $15 bil lion of credit and the owners now have upwards of $112 million of their own money invested in the capital stock of 497 associations. The asso ciations have more than $100 million in their surplus ac counts and another $17 mil lion in reserves against future losses. - Since the beginning of PCA farmers and ranchers have borrowed nearly $2 billion from their 30 associations in Idaho, Montana, Oregon and Washington. They have invest ed almost $9 million of their own "money in association stock, and retired all but $25, 000 of the $9 million of gov vested in association capital surplus of approximately $9 million and have invested more than $1 million in capi tal stock of the Federal Inter mediate Credit Bank of Spo-1 kane. Wash., their . bank of discount wthich they will own eventually. In Jackson, Josephine, Douglas, Coos and Curry counties farmers and ranchers borrowed $38,353,772 be tween 1934 and 1958. During 1958, through PCA. area farm ers borrowed $3,689,265. Current Loans The Southern Oregon Pro duction Credit association has 409 current loans out from participating farmers and has 855 members. j , Association officials esti mated . that of these loans. $180,000 iJ-.epresentscf money borrowed on equipment. The remainder is for operating ex penses and herd additions. Officials have noted loans are growing bigger and fewer in keeping with the general agricultural trend of fewer but bigger farms. Increased costs of operation is another NEW MEMBER-New to the Southern Oregon college fac ulty ranks this year is Wil liam H. Hutchinson, a mem ber of the humanities divi sion. After receiving a bache lor of arts degree at Roose velt university and a master of arts degree from North western, Hutchinson served in the English department of the latter institution from- 1954 until coming to SOC. He has served as a statistician and office manager for the Opin ion Research corporation and with Butler Brothers as a sales research supervisor, and was in the Army from 1945 until 1946. A member of the Melville Society, he has writ ten "A Definitive Edition of Moby Dick" which appeared in the publication; "American Literature. About one-half of the milk produced in the U.S. is used for drinking and cooking. The remainder is used for butter, cheese, ice cream and numerous other kinds of dairy important factor, they noted, j products. Neuberger Seeks Improvement of Oregon Airports Washington, D.C.-Improve-ment of Oregon airports to cope with increased private plane traffic and provide fa cilities for jet air transport is sought by Sen. Richard L. Neuberger of Oregon through the Federal Airport Bill which provides the state with allocations of about $1,500,000 for each of the next five years. In a statement prepared for Senate Interstate and Foreign Commerce commission hear ings on the airport bill spon sored by Neuberger and Sen. A. S. (Mike) Monroney of Oklahoma, the Oregon sena tor pointed out that his state has about 15 airport construc tion projects planned, but funds available through state sources fall far short of the sums required to carry out the necessary work." Neuberger told the commit tee that Oregon airport proj ects now planned and ready for construction when funds are available include Albany, Eugene, Hillsboro, John Day, Klamath Falls, Lakeview, Medford, Newport, North Bend, Pendleton, Portland, Salem, Seaside, Troutdale and various state airport projects under jurisdiction of the Ore gon Board of Aeronautics. Extends Airport Act The Monroney - Neuberger airport bill extends the Air port Act of 194e for another five years at an increased level of $100 million annually, compared with the present level of $63 million. Existing legislation expires on June 30 of this year. At the last session, Neuberg er joined in sponsorship of legislation almost identical with the new proposal but it was given a pocket veto by President Eisenhower. Con gressional action on the Mon-roney-Neuberger bill is ex pected to test strength of the present Congress to over-ride a presidential veto. Under the bill, the Federal funds for airport construction would be matched on a 50-50 basis with state and local agencies. One provision of the bill gives Federal assistance to certain small airports for seal-coating of runways and filling joints on runway pavements. MAIL TRIBUNE, M.dford, Ortjon, fcmdiy, F.kreiry 1. 1939 3 DAVID ARNOTT . New York-(EPD -David Ar nott, 80, a former official of the American Bureau of Ship ping, "died Thursday of a heart attack. He was a retired vice president and chief surveyor for the ABS and had been cited for his contributions to naval architecture and ma rine engineering. He also was credited with the application of welding to shipbuilding before it became standard practice. SP Plans GP Developments Grants Pass -Southern Pa cific railroad plans major de velopments in the Grants Pass area within the next few years, L. R. Smith, Portland, division superintendent of SP, has announced. The program includes re moval of switching yards from the central business area and a new rail crossing at Ninth st. The three-phase program is contingent on ratification by the Grants Pass city coun cil. Smith said more than $100, 000 will be spent by the rail road to move its main line track and construct two spur tracks along the old Californ ia and Oregon coast railway right-of-way east of town. The program includes re moval of switching yards from the center of Grants Pass to a new location starting at the Rogue River Box company plant and extending east for about one-half mile past Mc- Loarn rd. Another part of the pro gram is an easement to the city to enable it to extend Ninth st. across the railroad right-of-way. The third part is an ease ment from the city to South ern Pacific under which . it will oe empowered to recon struct tracks on city-owned property that formerly was the right-of-way for the Cali fornia and Oregon Coast rail way, and also to build two new spurs that will serve cus tom loading facilities. ACME HARDWARE has the largest selection of enduring and endearing Gifts for your Valentine! We've workshop, hobby and sports equipment for Him . . . and appliances, housewares and personal gifts for Herl Mom, Dad, Husband, Wife or Sweetheart will love any one of these glittering gifts . . . and you'll love ACME'S especially-low, money saving prices! Step in, this week! More than half of the total area or Oregon is under fed eral control. This includes 13 national parks and forests, two' national park service areas, and extensive grazing acreage. 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