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:
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OM0OM
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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
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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
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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
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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
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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
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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."
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1