12
Tht News-Review, Roieburg, Ore.- Tue., July 5, 1949. Black Marker Returns
In China Dollar Trade
New Defendants Named In Federal
Suit Against Bausch and Lomb Co.
CHICAGO, July 5. UP) Feder
al Judge Walter J. Labuy let
the government name 76 new
defendants in its antitrust suit
against the Bausch and Lomb
Optical Company.
The suit accused the optical
firm and its four affiliates with
paying rebates to eye doctors
(oculists) to aid sales of eye
glasses and other optical goods.
The suit, filed in 1P46, also named
several thousand eye specialists
as defendants.
The new defendants named are
newly organized optical goods
firms and their owners. The gov
ernment contended the firms
TO DE DISCONTINUED
irncTivi july to
Effective with inauguration of Shasta Daylight,
new streamlined trains between Portland and Sao
Francisco, Sunday, July 10, Trains Nos. 13 and 14,
The Beaver, between Portland and San Francisco,
' will be DISCONTINUED. These trains now de
part southbound from Portland at 5:10 P.M. and
northbound from San Francisco at 4 :00 P.M.
The friendly Southern Pacific
SHANGHAI, July 5,-W-The
black market in U. S. dollars
never whipped by the Nationalists
has come back again to plague
Shanghai's Communist regime.
For the first time since strict
enforcement was ordered last
week on foreign currency deal
ings. U. S. dollars can be ex
changed on the street for Commu
nist currency.
51 u. s. buys. 2.400 Communist
dollars. The official rate la peg
ged at si to i,uu.
Rising commodity prices have
forced development of the new
black market.
Meanwhile, establishment of an
oniciaiiy owned .tast China for
eign Trade Corporation was made
by tne Ked Keglme ftere. it will
have six boards handling exports.
Imports, barter, dlsrnouuon. Dust
nes, and cotton yarn and piece
goods.
House Committee Abandons Inquiry
Into Alabama's Hooded Floggings
The average rainfall of the
Mojaye Desert is five to six in
ches a year and the temperature
there in summer frequently
reaches 120 degrees. '
are eomfdctcf
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were all set up by Bausch and
Lomb after the suit was filed
in 1946.
Attorney Thomas Tyler, repre
senting Bausch and Lomb, ob
jected to naming of the new de
fendants. He said New York at
torneys for Bausch and Lomb are
now conferring with Department
of Justice officials in Washing
ton about a possible out-of-court
settlement of the suit.
The new defendants Included
Lyall J, Gardner, 315 Eugene
Medical Center Bide.. 140 East
Broadway, Eugene, Ore.; Ken
neth H. Robinson and John W.
Henson, 430 Medford Center
Bldg., 33 North Central St., Med
ford, Ore.; C. E. Swan (Physi
cians' Optical Service) 236 Mor
gan Bldg., 720 S. W. Washington
St., Portland, Ore.
Sherman Optical Co., 1520
Fifth Ave., Seattle, and John
Sherman, president, 1520 Fifth
Ave., Seattle; Glen L. Thavis,
403 Pauson Bldg., Spokane, Wn.;
Fred L. Wahlers, 417 Medical
Arts Bldg. 700 Helens Ave, Ta
coma, Wash.
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WASHINGTON, July 5.-iJPI
A congressional 1 Investigating
?roup has washed its hands of
urthcr Inquiry into Alabama's
hooded nightrider troubles.
After a brief hearing, Rep.
Byrne (D.-N. Y.) said he had no
plans lor continuing an investiga
tion into flogging incidents which
already are under study bv FBI
agents and Alabama law enforce
ment authorities.
Byrne is chairman of a House
Judiciary subcommittee which
heard testimony from three Ala-
oama newspaper men.
The newsmen witnesses related
accounts of violence by hooded
mobs. But they suggested that
congress let tne home folks han
dle the situation.
Edgar G. Brown, director of
the National Negro Council, de
manded that the committee call
in Alabama Negroes for testi
mony on floggings and "terror
ism" at the hands of white-sheet
ed mobs.
"We don t agree that every
thing is all right in Alabama,"
said Brown, a white-bearded Ne
gro. "It hasn't been for 80 years."
cyme adjourned tne nearmg
without comment on Brown's de
mand.
CHATTANOOGA. Tenn.. Julv
5. (.IP) Two men have been in
dicted under an 80-year-old anti
Ku Klux Klan statute and charg
ed with terrorizing nearby Dolly
pond citizens while wearing robes
and hoods.
Countv Patrnlmpn A. W.. Ttart-
lett and Melvin Burns arrested
Homer Blair, 39, a former deputy
sheriff, and William Hardin, 33,
at their Dollypond homes.
The two men were indicted bv
the Hamilton County Grand Jury,
less than two months after a
group of hooded men invaded the
little community May- 7, black
jacked several men and fright
ened others with pistol fire.
Sheriff Frank Burns ordered
Blair held without bond. Hardin's
bond was to be set later, he said
Both men, the sheriff said, de
nied taking part in the alleged
floggings and both said they
were not members of the Klan.
Jake Bird Again Tries .
To Gain New Hearing
WALLA WALLA, July 5 UP)
Jake Bird tried again today for
a new trial.
The 46-year-old convicted Negro
ax slayer, whose execution has
been stayed three times before
by legal appeals, sent another
petition to tne state supreme
Court, Atty. Murray Taggart an
nounced. A mnv was also served
on Prison Warden Tom Smith.
The petition argues Bird was
denied a full transcript of his
Tacoma trial in his previous ap
peal to the State Supreme court
and that this constitutes an
"abuse of discretion," Taggart
said.- If no favorable action is
obtained, Taggart said he would
try to reacn tne united states
Supreme Court again in about 10
days.
Bird, convicted or killing Mrs.
Bertha Kludt, Tacoma, two years
ago and involved in a reported
two score other slaylngs over the
country, is under sentence to
hang July 15.
Portland Girl En Route
For Europe As Winner
NEW YORK, July 5 UP)
A Portland girl is en route for a
European tour she earned in a
Girl Scout contest.
Jackie Wilkes, 19, Portland Sea
Scout, was among four ilrls to
board the liner Marine Tiger Fri
day for a trip to England, France,
and Switzerland.
The four won Juliette Low
World Friendship awards, and
hope "to learn the ways and cus
toms of the Scouts in the coun
tries we visit."
They are chaperoned by Miss
Martha Prendergast, Philadelphia.
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State CIO Secretary Offered Korea Post
PORTLAND; July 5 UP)
Stanley Earl, state CIO secretary
since 1943, may go to Korea as
labor adviser to the Economic
Cooperation Administration.
Earl was offered the post, but
he said he has not decided wheth
er to accept it.
"It does not look too good in
Korea just now," he remarked,
mentioning the civil war and
assassinations.
Should he decide to go, the
state CIO convention in October
would nominate candidates to
succeed him. A referendum elec
tion would follow.
During the interim until the
convention, a temporary succes
sor would be appointed by the
CIO state council's executive
board.
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ruwtKS
it I
,tofi Gii!iJ s Mpi ilSif f
1. Bill Ryan, 55, is foreman mechanic at the
Dominguez Water Company in Long Beach,
California. He and Mrs. Ryan live in a company
bungalow at the main plant. Bill went to work
for the company as a mechanic in 1923 and has
been with them ever since. He is also one of the
owners of Union Oil Company.
2. In 1940 he started buying Union Oil stock.
Today he owns 100 shares. At the present mar
ket his stock is worth over $3,000. He could sell it
for that tomorrow if he chose. $3,000 would buy
many things the Ryans could use. Among other
projects, they're looking for a home of their
own; Bill would like to add to his home movie
equipment; and Mrs. Ryan has 3ome ideas
about furniture.
3. Bat the Ryans have chosen to invest that
money in oil wells, tools and refineries that
make gasoline for other people instead of spend
ing it on things they could use themselves. Nat
urally, they are entitled to some compensation
for this. For you can't eat, live in, ride on or use
your share of an oil company. In fact, the invest
ment doesn't even entitle you to free gasoline.
4. So our American system offers people who
put their money into "tools" instead of "goods"
a reward in the form of dividends whenever
the company makes a profit. Last year Union
Oil dividend amounted to $1.95 per share. So
the Ryans got $195.00 from their holdings. This
is within $72.00 of what the average Union Oil
common -stock holder got in 1948.
5 For Union OH Company is owned not by
one man, or two, but by 34,229 common-stock
holders like the Ryans and 2,085 holders of pre
ferred stock. The average common-stock holder
owns just 137 shares the average preferred
stock holder 120 shares. Naturally, some stock
holders own more than this average, some less.
6. But the largest individual Union Oil stock-
holder owns only 1 of the total stock. So the
profits of Union Oil-and most American corpo
rationsdon't go to a few millionaires.They are
split up among thousands of average American
capitalists like the Ryans-capifoiss whose
combined savings have made Union Oil and
most of our American corporations possible.
UNION OIL COMPANY
Or CALIFORNIA
INCOMOIUII IN CMIfOUIt. tllll K MM
I7ii lerie. spontored by the people of Union Oil Company, is
dedicated to s discussion of how and why American business
function. H' hope you'll feel free to fend in any suggestion
or criticisms you have to offer. Write: The President, Union Oil
Company, Union Oil Budding, Lot Angeles U, California.