THURSDAY APRIL 25. 1963
MEDFORD MAIL TRIBUNE, MEDFORD. OREGON
ROTC Building at
University Burns
Eugene - IUTO - Thtf two
tory frame ROTC building
on the University of Oregon
crnnpus was gutted by a fire
of undetermined cause early
today.
Officials placed lost at $50,
000 of which $30,000 was
equipment. HOTC officials
said the fire destroyed large
quantities of office equipment,
rifles and training aids.
The fire broke out about
3:30 a.m. A rifle range on
the upper floor was destroy
ed. ROTC officers said they
would set up offices in a near
by quonset hut classroom
structure.
An investigation to deter
mine the cause was under
way.
Device Can Measure
Impurities on Fruit
Philadelphia - rtlPO An electro-chemical
approach, com
bining an element that detects
tiny residues of pesticides ad
hering to fruits and vegeta
bles and a device to measure
quantities, is being used to
help overcome concern about
the residues' harmful effects.
This method, says Leeds
and Northrup company, man
ufacturers of scientific instru
mentation, can detect impuri
ties that are no more than a
fraction of one part in a million.
ARSONISTS CONDEMNED
Saigon. Viet Nam-iUPD-Two
alleged "hard core Commu
nists" convicted of setting a
slum fire which left 4S.O0O
persons homeless have been
sentenced to death by a mili
tary court.
Your Money's
Worth
By SYLVIA PORTER
Copyright, Hall Syndicte, Inc.
NATIONAL PAPER CURRENCY 100 YEARS OLD
It was 100 years ago this June that the first United
States paper dollar which had the backing of the federal
government was Issued. It was not until June 20, 1883,
that this great nation had a national paper currency, uni
form in design, printed by the federal government and se
cured by the credit of the U. S. Treasury.
So much do we take our currency for granted today
a dollar is a dollar Is a dollar and will be accepted any
where for the purchase of goods that a review of the
chaos in our currency system a century ago stuns even the
money experts. Yet, chaotic is the only accurate word to
describe our currency system before passage of the National
Currecy Act, and during this centennial celebration a con
trast between then snd now is fabulous and fascinating
Here Is how it was before Secretary of the Treasury
Salmon P. Chase (the man whose face is on today s $10,000
bill) proposed and pushed through the historic currency
legislation of 1863.
There was no national paper money, although the gov
ernment supplied gold and silver coin. Many of the 1,500
state-chartered banks simply printed their own money and
many of them were little more than "money factories."
Some of the least scrupulous "bankers" operated their entire
business out of i tin box or saddle bag.
On this dsy 100 years ago thare wtra about 10,000
varieties of paper monay of wildly different designs
and wldtly different sliei in circulation in this coun
try. Almost as area! as the viritiy of the paper monay
wti the difference In Its value. Many of the notes were
absolutely worthless because the banks issuing them
had nothing to back them up. Currency issued by a bank
which had failed would continue to circulate long after
the bank was out of business. Often the value of the
currency depended on how far the note was from the
bank which had printed It.
For instance, the value of the paper issued by the older
New York and New England banks was relatively stable,
but the farther west an American traveled then, the more
uncertain became the worth of the local money. A traveler
crossing a Btatc border easily might find that a bill worth
$10 in gold or silver on one side was worth half on the
other side of the border.
Against this background, "wildcat" bankers flourished.
These were outright crooks who followed the Western fron
tier and issued currency with no intention whatsoever of
redeeming it. They set up their "head offices" in remote
parts of a state so remote that only oilier wildcats lived
there because the laws of that state provided that the
notes need be redeemed In gold and silver only at the
bank's "head office." Since getting to that head office of
the wildcats was so difficult, the paper was exceedingly dif
ficult to redeem. It usually was as worthless as counterfeit
money.
Under the circumstances too, counterfeiting flourished
on an incredible scale. The quantity and variety of the paper
currency outstanding made fraud almost impossible to de
tect. The shoddy quality of the money itself added to the
problem of detection. In fact, a leading best seller in hank
ing offices at the time was "Counterfeit Detectors," a week
ly listing the names and numbers of spurious notes.
Faced with the necessity of financing tha Civil War,
President Lincoln's secretary of tha treasury fought
relentlessly for a national currency, and Chase finally
got what ha wanted In the National Currency Act of
1863. That law laid the basis lor the dual system of
state and nationally-chartaced commarcial banks we
have today. It gave us a national currency. It was cru
cially important in financing ol tha Civil War.
It also over the years has made counterfeiting a small
time business. In the fiscal year 1962. the Secret Service
captured a grand total of $3,567,020 in counterfeit money
before it reached the public. Actually lost to the public
was only $367,806, a picayune sum compared with the $34
billion of paper currency in circulation today.
As the 100th anniversary of our first national paper
currency nears. it is important to contrast the then and
now. "if for no other reason," as the American Bankers
association suggests, "than to see how far we've come,"
Try and Stop Me
By BENNETT CERF-
C AID ROGER W. BABSON:
J "When I And myself depressed over present conditions,
"I can, within one hour, banish worry and turn myself into
a snouung optimist . . .
Here is how I do it I
enter my history library,
close my eyes, and reach
for a book, not knowing
whether I am picking up
Prescott'a "Conquest of
Mexico" or Suetonius'
"Lives of the Twelve
Caesara." I then open my
eyes and read for an
hour; and the more I
tead, the more sharply I
realize that the world
has always been in the
throes of agony, that
civilization has always been tottering on the brink. The !
pages or nistory fairly shriek with tragic tales of war, fam
ine, poverty, pestilence, and the man's inhumanity to man.
After reading history for an hour, I realize that bad as con
ditions are now, they are infinitely better than they used to
be. This enables me to see and face my present troubles In
their proper perspective as well as to realize that the world
as a whole is constantly growing better."
Sir Thomas Bccchara, Internationally famous conductor,
adamantly refused to hire female musicians. "If they're pretty,"
be explained testily, "they distinct my male musicians. If they're
not pretty, they distract me."
C lata, tgr BtutU Csrf. DUtribuUd by Kuuj itatures ttutlicau
Pendleton Paper
Safety Winner
New York - IUPD - The Pen
dleton East Oregonian was
honored Wednesday as one of
the winners in the American
Newspaper Publishers Asso
ciation's "Safe Driving Cam
paign." The Pendleton paper won
third place in the private mo
tor carrier division among pa
pers with less than 20,000 cir
culation. Newspapers participating
in the campaign had less than
two accidents per 100,000
miles traveled last year by
their trucks and automobiles,
a report to the ANPA conven
tion said.
Morse Leads Fight Against Confirming Satellite Officers
Wi.hiniinn hipi, 4 .mill i nrg3ni,nri fnr nrfii , rat ions system . quest sland-Dy autnorny to tsuncson (D-iex.) saiu IMC
hand of SnatP liheraU imihI i Sen Wavne Morse (D-Ore ) I Other congressional news: control dividend rates paid on j measure should go far to
a last-ditch fight today to pre-1 spoke for more than two hours ! Lobbying: Senate investiga-1 savings accounts by savings j wards halting alleged abuse I
vent confirmation of the 14 ! on the constitutional issue be-
founding officers of the Com-1 fore the Senate recessed
munications Satellite Corpor
atlon.
Despite their determined
opposition, the Senate was ex
pected to end the two-day de
bate by approving the 14 men
named by President Kennedy
to set up the new company
created by Congress last year.
The battle centered around
tors called a nign-tee loopy un ; and loan associations,
associate of John A. O'Don-1 The controls and othejr pro-
I nell to find out just how much I visions for tighter federal su
i the two Washington men pcrvision were described as
'earned in pushing passage of ' the administration's price for
legislation that
'damage claim act last year, would boost maximum federal
The witness. Ernest Schein, insurance on savings accounts
the issue raised by the liberals ! passed the bill creating the
Of whether the Senate had the ! covernment - regulated, pri-
Wednesday night.
Seen Misleading
U ...n.nn ,1,.., Cnnto MR
firmat.on of "these private j W Philippine war , supporting
businessmen" would "mislead
wvsawia ."Jr..,"' I termer chief examiner of the I from sio.ooo to $25,000 on
h t it rs a oveVnment agen- Philippine War Damage Com , each account,
cy. Morse said Congiess never muston. was summoned for Spending: A congressional
intended it to be when iri"""."' . nouaeiwepuiK w
by some travelers and exces
sive outlays of counterpart
funds.
McNamara: Defense Secre
tary Robert S. McNamara said
Wednesday Russia apparently
is beginning to believe that
even "local wars
' j Loyalty Day Program
Scheduled at Newport
Newport, Ore.-'UP-A three
day long Loyalty Day celebra
tion will begin here Friday.
The celebration is scheduled
to be climaxed Sunday with
sports car races conducted by
the Northwest Sports Car
are too ! Club of America.
behind
doors of the Senate Foreign
Relations Committee.
constitutional right to give its vatcly owned company, which L, Savings: Congress was told
"advice and consent" to ofli- eventually will operate a rrveanesaay uwi uus nsuuwa
ccrs of a private corporation I global commercial communi- administration will soon re-
dangerous these days. But J
Red China, he said, obviously I BILL APPROVED
doesn't agree. He made the Salem - (IT!) - A bill to in-
proved unanimously a bill to statement in urging a Senate crease unemployment corn-
impose new curbs and report- appropriations subcommittee i pensation benefits has been
inn requirements on overseas to approve the full S49 bil-j revived and approved 5-4
spending by traveling con- lion sought by President Ken
gressmen. Chairman Omar nedy in his defense budget.
by the House Committee on
Labor and Industries.
Big California Large & Ripe No. 1 jj
QRjaQ Oven Fresh Saltines 2-Lb. Box
CHICKEN NOODLE SOUP . - 19
EGGS "AA" LG. 39
ORANGE JUICE sar 5 S 99
Pjfl5 BEAVER CREEK BARTLETT HALVES No. 2Vi tin
faawaV MMk M H m m A Mm "
FROZEN DINNERS 11 Wonderful Varieties Each
Instant Mashed Potatoes 10'
TOILET TISSUE 29c
Wifcfc I I IWli WAIOORF ASS TD COLORS 4-Roll Pkg. Mm W
TUNA 4 99'
I VIIHdei MONTI CHUNK STYLE No. !j TinTT W W
PRUNE JUICE o 39e
SUGAR SPRECKELS GRANULATED 10-lb. Bag 79e
CAKE MIX SWANSDOWN EXCEPT ANGEL 3 Pkg, 99
BABY FOOD GERBER'S STRAINED, EXCEPT MEAT .. 10 99'
CHEESE LOAF KRAFT COTTAGE-AMERICAN 2-Lb. loaf 57'
Chicken Noodle SOUP 10'
When I Say
Coffee-I
Mean . .
FOLGERS
V MAUI
LB. TIN
COFFEE
49
97
2-LB. TIN
10-OZ. INSTANT
89
WESTGATE THRIFT DEPARTMENT
MEN'S SHORTS
and "T" SHIRTS
Regular
$1.00
Boys'
Reg. 79c
2
3
for
for
99c
99c
LADIES' RUBBER GLOVES
39
Sanded Finish
Regular 69c Pair
Pair
AUTOMATIC POP-UP TOASTER
8"
"Sllentime"
Regular $10.95
Each
ELECTRIC HOT PLATE
$249
Single Burner
Each
Save The Smart Way
at Oregon Food!
MIX 'EM OR MATCH 'EM and SAVE
ASpQrQgUS Star Dee, Green Cut No. 300 5 for 99
Asparagus Drop, npt im.. no. 300 4 for 99
COril Payelte Valley, Cream or Whole Kernel 303 Tins & for 99
Tomato Sauce m Mom. . 10 for 89
Tomato Sauce i Mome no. 300 6 r 99
Spinach 0t Monte Ne. 303 6 for 99
Spinach w no. 303 7 for 99
Spinach no. va 5 99
Tomatoes Blue sky ..n0. 303 7 for 99
TOmatOeS Blue Sky No. 2Vi 5 for 99
AprfCOfS Chic-A-Dee Halves No. 2V4 4 for 99
Tuna White Spray-Chunk Style . No. A 5 for 99
Pickled Sliced Beets TastewelLNo. 303 6 foi 99
Tomato Sauce Ar98 75 for 99
PeaCheS 0t Monte, Sliced or Halves Ne. 303 4 for 89
Fruit Cocktail m Mon,8 No 3o3 4 for 89
Oysters mm uu, cut 8-oi. 5 for 99
BeetS Ver-Nal, Diced 1 No. 303 8 for 99
Stewed Tomatoes premium N.. 3o3 6 for 99
Bafced Beans Oxford 13-oi. 7 foi 99
Kidney Beans Good Day L No. 303 7 foi 99
Luncheon Loaf H.mi., 12.01. 3 99
Syrup Cottage 21 -ox. 3 feu 99
HOminy Drew, Whit, or Gold No. 300 9 for 99
Figs Argo No. 303 q) for 99
PearS Dl Monte, Sliced or Halves No. 303 4 for 99
Bon to Flakes N.. w 6 for 99
BUFFERIN
Reg. $1.29 Bottle of 100
X Bottle
VI
FAIRFIELD BATH ROOM
RUG and COVER SETS
NOW
Clear Vinyl Plastic
SOFA COVER $1.19
CHAIR COVER 69c
Embotted Finish
fg ' (Y 5598
ea. tJ0 t s.t
MEDFORD-Wcstgare Center
MEDFORD-1 3th and Central
ASHLAND-Gateway Shop. Center
W Reure The Right To Limit.
Prices Effective thru Sunday, April 28th