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.
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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. "
SUNBEAM
POWER SAW!
$58.95
This all nw, 6'i", heavy-duty
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cosco
SERVING
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$1995
Fashi enable
French Oval top
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,C r 'V
DINNER
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Cf)
$1688 "I
25 -9 6
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Handy 4-9
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