Image provided by: University of Oregon Libraries; Eugene, OR
About The news-review. (Roseburg, Or.) 1948-1994 | View Entire Issue (Feb. 21, 1950)
12 Tha Newt-Review, Roteburf Corporations Seek Smaller Man's Savings As Congress Mulls Plans To Protect Him By SAM DAWSON NEW YORK CSV-There'i almoit ii much of a ruh these days to protect tha lnveitor ai thcra ia to set him to put bif living! in corporata securities. Both apring from tha dUcovery that while onca upon a time a few big Investors had tha money that industry needed to Up, nowa day! aeveral million little fellows have that money amongst them. Tha problem: To maka investment attractive to tha millions, but at tha lima time to protect tha inexperienced. Congress Is debating ways and means. Official; in a numoer oi atatea ara keeping a sharp eye on security offerings. The New York stock exchange ia raising its stan dards for admission of stocks to its trading list. The Securities and Exchange commission is plugging for extension of its police powers over the fiscal affairs of atiU mora companies. This drive to make securities look safer, and therefore mora al luring, ia all a part of the larger competition for your savings cur rently gaining steam among the banks, life insurance companies, investment trusts, savings assoc iations, brokers not to overlook the U. S. treasury's announcement of savings bonds drive to be launch ed this spring. Last year the Trea sury sold $7.1 billion worth. Be deemed $5.6 billion. SIC Weuld Dig. Deeper Tha investment Bankers assoc iation of America, and both tha New York slock and curb exchang- a. COMFORT Wiv CONVENIENCE pa OLYMPIC klllOTELz: GREAT STRAIGHT BOURBON 60 ,30 4Qt Pint 'Till Bosr.OB Bflj of t.i Cutnrj" Straight Bourbon Whiskey 86 Proof National Distillers Products Corp., H.I. .unlCI mi stivici OM0OM mm I - ECONOMY 3 'AJ9 - V 121 Q rrfrtww 1 1 cry- TZZ- ' , Ort Tuei., F.b. 21, 1950 es are supporting the Frear bill, now before the Senate bsnking and currency committee, to bring some 1,800 more companies under the wing of the securities exchnge act. It would apply to all companies. whether listed or not on an ex change, having $3 milion or mora in aaseta, and having 300 or more stockholders. That would let the SEC reach far out and down into the business structure. The brokers and investment men favoring the bill say: first, owner ship of stock should be as wide spread aa possible, if American business ia to be healthy; second, extension of the set's provisions to all companies of that site will give the investing public greater confi dene in corporate securities. To gether the two points make for more stock sales, more commis sions for brokers, and a greater stake by more people in the-indus-trial welfare of the nation. Among those opposing the bill are representatives of the national Association of Manufacturers, the American Cotton Manufacturers In stitute, the National Coal Associa tion, the Main Investment Dealers' Association and tha Investment Dealers of Ohio. Objections Listed NAM opposition is based on con tentions that: 1. the bill would im pose a financial burden on small companies who would have to pay for specialized legal and accoupt ing eervices: 2. the bill would re quire additional SEC personnel, when tha government is already running a deficit; 3. The bill would generally handicap tha smaller businesses. Some textile men say: because their business ia seasonal and vari able, "full financial reporting would only mislead inexperienced investors and add to the financial burdens of small corporations." Challenging these arguments, the Republican chairman of the SEC, Harry A. McDonald, recently told the New York Financial Writers association: "Most of the fraud cases we pick up are in unregister ed securities and most of them would have been avoided if the re quirements of tha Frear bill had applied. SEX MURDER THEORY SAN FRANCISCO. Feb. 20.-UP) The police sex detail was called in today in the spread-eagle kill ing of Dr. Edward Muentzer. The 39-year-old physician's part ly clothed body was found Satur day night lashed to the bed of his two-room apartment. He had been dead about five days. Police Inspector Ralph McDon ald said it looked like a "sex af fair." The alain doctor had a po lice record of moral offenses. NEW LOCATION! Dr. K. B. Soofleld Palmer Chiropractor Rifle Range Road 410 mi. North of County Shopa Offlra noma 10-ia d S-S feturdari 10-11 A. M . X-ray nur-.lom.tar ill lis for iptnl correction. Jack r- Q grow.. ai: K2 or rn .. k. i man - . i . rMdicol I rr THEV VJOMT TROW ( DERBY JUS PEEKET? Wf AT A GUV VWID LONG 1 I AROUND THERE llll LEGS LIKE ME, BUT HE MUSTA SEEM Trf J ;;l!vV I WAMT TO GIVE , J ( LAST OJB GIT IT J VvW THEM KIDS A y I AKT IS GONNA RUN ; ( lesson-gimme ) V FER rr er go y J o 2-ZO OUT OUR WAY Elkton By PHYLLIS A. SMITH Cat driver Ted Rockwell spent Monday of last week taking out the big slide in the Madison-Rader road at Keilosg. wnen Koadmaster run- er came for an inspection of the day s work, alter Rockwell had re turned to Roseburg, he found a fresh slide. More dirt had covered the road than there had been when work had started in the morning. County road crews have graded, graveled and ditched the old high way that serves the river road residents, high school and residents down to Duncan'a mill. This ia the first time in many yeara that any work has been done on this road. Last Tuesday Beckley and Thom as spent the entire day graveling the hill atreeta in Elkton. The Elkton Logging Co. has re turned to work after more than two months lay-off. Of Interest to the people of this community ia news of the birth of daughters to Mr. and Mrs. Frank Griffith of Seaside, Feb. 12th: and Mr. and Mrs. Bill Griffith of As toria, Feb. 13th. The Griffith boys are former residents and are well known in the Elkton community An unusual thing occurred at the Frank Binder Ranch Tuesday. One of their cows gave birth to a three legged calf. Otherwise the calf is normal. Mrs. Kenneth Madison substitut ed as teacher for tha fifth grade in the absence of tha regular teach er Wednesday. Mr. and Mrs. Harry Peterson and family are visiting with Mr. Peterson's parents at Brookings. Twenty-nine members were in attendance at Kellogg Sunday School, Feb. 12 and Mr. and Mrs. Robert C. Minter and sons, Larry and Lowell of Portland were visi tors. All tea comes from tha same kind of bush. After the leaves are plucked, only the different pro cesses of manufacture determine which of the three main types the final product should be called; black, green, or oolong. StTtvrday, Feb. 25 LAST DAY of Hm Big CfOM-Owt Sol At Fariss & Son's INK. JMklM THE O.P.S. prepaid medical and hospital protec tion plan you choose is backed by the Oregon State Medical Society. More than 1000 Oregon doctors offer prepaid protection on an individual, family or group basis. Use the coupon to learn more about these modest-cost plans for employed and self-employed residents of Oregon. Oregon Physicians' 1214 S.W. 6th, Portland 4 oBTVlCQ .'- Medford Blda., Madford SPONSORED AND APPROVED IY OREGON STATE MEDICAL SOCIETY OfZH THIRTV YEARS TOO SOON Forensic Tourney Honors Topped By Grants Pass High McMINNVILLE, Feb. 21.-UP) Grants Pass high school carried off the honors from the 18th an nual inlerscholastic forensic tour nament at Linfield college last weekend. A total of 365 students from 27 Oregon high schools competed Grants Pats ranked first in senior honors, and second in junior hon ors. Eugene was first in junior hon ors. Second in senior honors was Salem high. First place individual winners in senior competition: Oratory, Eunice Peckenpaugh, Salem; impromptu, William Fudge, Beaverton; interview, Bar bara Lengacher, Eugene; humor ous declamation, John Jensen Hillsboro; serious declamation, Eunice Peckenpaugh, Salem; radio speech, Barbara Burns, Medford; extemporaneous. Eunice Pecken- oaugn, aalem; attcr-dinner speak ing, Archie Wilbanks, Albany; de bate. William Anderson and Wil lis Wilson, Grants Pass. First place indivdiual winners in Junior competition. Oratory, Richard Dickenson, Medlord; impromptu, Karl 1'etcr man, Eugene: interview, Joyce Gustafson, Eugene; humorous declamation. Shirley Young Grants Pass; serious declamation, Robert Sinclair, Beaverton; radio speech, Beverly Hampson, Med ford; extemporaneous, Anajean Brown, Grants Pass; after dinner speaking, John Bergstrom, Mc- Minnville; debate, Paul Barkla and Carolyn Moll, Eugene. Melrose By MRS. NETTIE WOODRUFF Mr. and Mrs. Louis Sweely and son Dale and grandson Richard, and Mr. and Mrs. Albert Godfrey of Wilbur, were Sunday dinner guests at the Robert Roda borne at Riddle. Mr. and Mrs. Allford Zeff were callers at the Henry Foster home Monday evening. Jack Rice, who lives on the Eli Sanders place and assists them in their dairy, underwent a major op eration last, Monday at me Mercy nospual in Koseourg. Rael Slroup was honored on his birthday Wednesday evening wr his parents, Mr. and Mrs. Clyde henyon invited a few of his friends to a dinner m their home. Guests were Tom Johnson, Darrel Davis, and led Keece. canasta was enjoy ed during the evening. Assisting Mrs. Kenyon were Mrs. Hoffman and Mrs. Jacobson. Mr. and Mrs. Louis Sweely and son Dale were callers at the Al bert Godfrey home at Wilbur last Saturday. Mrs. H. P. Conn went to Aurora. Ore., last week end to visit rela tives. I Mrs. Geo. Reed, a former resi- f awtlNT en. J mm v .v fi wavier mc J By J. R. Williams dent, and small son visited her parents Mr. and Mrs. John Parry here this week. She reports that her twin daughters Laura and Le nora were married at a double wedding last September.TheReeds now live at Coos Bay. Two couples from Long Creek, Ore. visited at the W. F. Bone brake home last week. They are elk hunting friends from eastern Oregon. POULTRY AT BARGAIN CORVALLIS, Feb. 20.-CP)-Poultry products ara bargain counter items these days, an . Ore gon State college specialist report ed today. This ia the comparison made by Noel Bennion, poultry specialist: Eggs are 24 cents a dozen cheap er than they were a year ago; tur keys are down 20 cents a pound; chickens are 13 cents cheaper. An over-supply, be said, ia the reason. Eratosthenes, a Greek, calcu lated the circumference of the earth with an error of only 14 per cent in 200 B. C. rn J1?!!1! fe(Kil for style JL ? 'l.f s Tvi'1 "FolM0" Cw" styling now more beautiful than ever . t x J f" 1 r. - jL h protected by new baked-on colon, "built to live outdoorv" A !' I J 1 752)&i"i 5&C NW 'l"'M'n upholitery fabrics are long lived, too. Even teat V Njj L lrv1inii5s r 'lli " l,n0,t',"d through the um of non iog front seat K i pr"io under foam rubber cushioru. IP As little as 47900 down buys a SEE... HEAR and FEEL at your FORD DEAIER'S Fm Hm Si-crf (Mntt Nflnm CmrM jjW "lffJ On Md tH MHN, M M PMaa kUMMtrtj, Rose t Oak Safety Island In Street No Avail To Commuter ANNAPOLIS, Md., -UPt-Tvit climb off a trolley car and find yourself marooned on a safety is land with carl whizzing past on both sides? Quite a job making your way to the sidewalk, hehT Well, you've got i sympathizer in Judge Charles Marked of the Mary land court of appeals. He tried to come to the rescue of tha stranded street car passen ger in a court opinion but w a a overruled. A majority of his coll eagues in tha high court held, as he put it, that motorists are free "from any duty to look out for passengers trying to escape from a safety island." Said Judge Markell in a dissent ing opinion, if drivers catch on to this, street car passengers will eventually become extinct. "Everyone knows," the judge wrote, "that a passenger cannot make his abode on the island. He must try to cross the street. "I cannot agree he ia surrounded by a aea of perils, where he has no right of way to escape to either shore, automobiles on every side have a right to mow him down blindly, and he can only plunge in to the sea and perish, unless by chance, without legal right or pro tection, he manages to reach shore and survive." The case arose as the result of a street car passenger who got on to a safety island in Baltimore. He was hit by a truck and a cab while trying to get to the sidewalk and his widow asked damages. Alexander Stehley, 59, should have crossed at an intersection. In making hay the water con tent of grass is reduced from about 75 per cent to around 15 per cent. SUNBEAM APPLIANCES Christie's Watch Shop 1601 Walnut Phone 137-J-4 Amazing Hmw Craw Re-Colors Hair In 22 Minutes nic auric a naia uw- antoo. Got roar their of ox or tostar; M ). Won Brow, MMttai Aak UgrM row. (ltr t-ulltrlon'a II x all Drjf Start If jm wt ( - trkd, frar. 'Tin m V lrmbhKirtgittwlitriM 'i" " Teithf.l-lHkl elof, it St. . try Tint Cr .. 8ht V -f ' hair coloring; that 4j"f J& r-rlort hair at horn m 'T M ftnil It ahampoM. TaiMtwIrB V M H ninatM. Na waiting far r W if aalta. It'a aaay U m-M I I tVjf sjbmi aatitnfl. Camion: U.a L Vj only aa dltavtad. Won't waih IV alW. fexil fer power LOCKWOOD MOTORS TEST DRIVE A '50 FORD Chaplain In Germany Asks Ban On Tetn-Ag GIs FRANKFURT, Germany, Feb. 20 CP) The army's top chaplain wants to keep teen-age soldiers out of tha U.S. occupation force in Ger many because they are too young to resist moral temptations here Maj. Gen Roy H. Parker, chief of the U. S. army chaplains, told the army newspaper Stars and Stripes he waa considering recom mending that only soldiers in their second enlistment period, or older, be assigned to duty in Germany. This would eliminate teen-agers since an enlistment period ia fJr three years. General Parker said young sold iers are exposed to extraordianry moral hazards and temptations in Germany. He said older men lso are likely to be "better mission aries" of American Democracy in their contacts with Germans. HOME TOWN NEWS The immediate delivery service of the ROSEBURG LUMBER COMPANY is as dependable os was the word of George Washington, the "Father of our Country." FmI the "go of rh 'JO Ford' huilSdH V-8 ngln. It's tn am typ ngin now usd in Amtrtco'i coitliait cars but h '50 Ford bringt if to you tor hundrtdi Itn than most "lixts." And it's a quiat angina, too. h actually whitpari whila H works. fer price To ride In '50 Ford, you'd think you were riding In en of Amerlca'i coilli.il can yet Ford h America'! lowtit-prlced er with a V-8 engine. Thli hundred horMpower "eight" it youn for hundredt len than moit "jixet." Quality f-otur after quality feature such ai Fordi low, l.v.1 "Mid Ship" Rld.-Ford's found-condition.d "Uf.guord" Body Ford's 35 eailer acting r.,ng- Srok.i-mok. the '50 n its nid. IT WILL OPEN YOUR EYESI MMIMBIRS MOTH I LOS ANGELES. Feb. 20.-CP Mrs. Floyd Osborne has missed three of ber children's weddings since she entered the tuberculosis unit of General hospital in 1M3. So Ermal Osborne, 30, had his wedding yesterday at his motrer's bedside, complete with brides maid, best man, wedding cake and decorations. Forty nurses, pa tients and doctors looked on as Er mal married Katherine Perdew, 22, Alta Loma. "It was so thoughtful of them," smiled Mrs. Osborne, "to have it here." HEATILAT0RS for efficient, amokelesa fireplaces PAGE LUMBER & FUEL 164 E. 2nd Ave. S. Phone 242 Ford the on itn Phone 80 1
