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About The news-review. (Roseburg, Or.) 1948-1994 | View Entire Issue (June 21, 1950)
Oh, Yeah? So Glad You Told Us Heads Of Nation's Leading Businesses Come From Northeastern Part Of U. S. 4 The Newt-Review, Roteburg. Of Wed., June 21, 1950 Publithtd Daily Except Sunday by tha News-Review Company, Inc. tmutti iern elm maltir M7 7. Ilia altlct al Kasabart. Orcfaa. aacr acl at March S. 1111 CHARLES V. STANTON .T- EDWIN L. KNAPP . Editor Sj" Managar Member of the Associated Prtu, Oregon Newspaper Publishers Association, tho Audit Burtiu of Circulations (aaiaiaaKa br WSST-HOt.LIDAf CO.. INU.. al'letl l Ntw Vara, Ctlcaca, fraatlaaa. Lu Anftlll. aaallla, r.rU.oa. l. Laala UBl;IIIP1ION KATES In Orafan B ftr rr la.ae. ""V". V.il U.. aaatha It.sa B, Clli C.rrliT-P.r Ma, lia.ae ! ''""" aaa aar. pir maala II.M Oaulaa Uraiaa B, H.ll f.i Jtar . aalaa Sf.la. larea maalfca SMS. Rent Control Problem By BRUCE BIOSSAT The passage of a rent control bill by both houses of Congress is a victory for President Truman, albeit almost wholly a political triumph. At the start of the year prospects for extension of federal controls seemed dim. The President wanted them continued a year beyond the June 30 deadline; he got only half that, but controls are being kept alive. He achieved this much largely because this is an election year and many congressmen from large cities feared reprisals at the polls if they allowed controls to lapse. Surely Mr. Truman himself is well aware of the political potency of the issue. If you strip away the political covering, what is the merit of the rent control argument in 1950? Price controls are long since gone from every other area of American life. Is there any justice in continuing them on housing alone? A fair answer would seem to be that so long as a general housing shortage existed rent ceilings fed erally governed were a wise and E roper measure. For the theory chind any price control is to block an upward price surge when de mand for a product clearly outruns supply. Unless all signs are wrong, there has been no general shortage of living space in this country for a long time. Serious deficiencies con tinue in many localities, but the impact of three years of heavy pri vate building gradually is making itself felt in more and more areas. Perhaps the whole matter thus should have been turned back to Sen. George, Gov. Taimadge Of Georgia Assailed As State Democratic Primary Nears ATLANTA UP Georgia is deciding whether to bowl over two political kingpins next week veteran Walter F. George and young Gov. Herman Taimadge. But the fire, fervor and ferment that has marked some past Georgia campaigns is missing in the build-up for the June 28 state Demo cratic primary. George, 72-year-old chairman of the senate finance committee and senior member and past chairman of the foreign relations committee, has played front and center in U.S. affairs for years. He has fought some New Deal and Fair Deal policies and cham pioned others. But these aren't the issues. His foe, Alex McLennan, 44-year-old Atlanta attorney and decorat ed war veteran, has built his cam paign around a repeated charge that George is a tool of New York bankers and big corporations. McLennan says the senator "can't point to a single act he has sponsored in his 28 years in the Senate for the benefit of the work ing men and farmers of Georgia." George hardly has lifted a fin ger in outright politicing, resting on assurances of friends that his re-election is safe. McLennan has campaigned lightly with radio . broadcasts, brief handshaking tours, and more than -300,000 pam- fihlets mailed to every rural dc ivery box and postofficc box in Georgia. To make the rare, McLennan surrendered his role as Governor Talmadge's merit board appointee, chief of the governor's honorary staff, and close Taimadge friend and political crony. Taimadge has been openly cool to his candidacy. The governor is fighting for re election against his old enemy, for mer Gov. M. E. Thompson. Racial lnua Emphasiitd Supreme court decisions hitting at racial segregation have fanned the fires of the Taimadge "white supremacy" line. From every campaign stump, Taimadge waves newspaper head lines on the decisions and shouts that Thompson is a follow traveler with "that Utile scalawag, anti segregation, FEl'C crowd." He also cites record funds for schools, roads, hospitals, welfare payments and other slate services and promises to continue "unpre cedented progress." Thompson insists he is against a federal fair employment prac tices commission but ihal is about as much an issue in the race as the price of ostrich eggs. He says Taimadge "just hollers" about the racial issue hut never does anything about it. Thompson proposes an $80,000,000 school building program to help equalize Negro schools and preserve segre gation. He accuses Taimadge of "dic tatorship" and creating an "election-stealing machine. Three other candidates for gov ernor are given little chance. Thev arc state Rep. C. O. Baker of Athens, Attorney Pat Avery of IV'M.?1"-- W. Ocnkin, I of Columbus. Painting roosts with a one per- cent 5h?eki?L. '"ocl"' w,nM I chicken lice Early Passion Plavs were realistic, says the National Geo graphic Society, that in 1437 a Lorraine priest playing ihe role of Christ hung on a cross until near death. the states and cities last year or earlier. They do have power to de control if they feel their situation warrants, and a lot of sections have exercised that power. But by staying in the picture, the federal government has given other areas an excuse for not establishing their own controls as would seem more sensible. , New York and Wisconsin are op erating under state rent controls. Their initiative unhappily hasn't been widely copied. The lime has come to leave the problem to the places where shortages still exist. They've leaned on Washington long cnougji for protection. The new extension won't go be yond next January. But the bill provides that after the next dead line communities can continue controls another six months at their option. It would be better if this feature had been left out, for it simply delays further the period when many localities shall have to stand on their own feet. Controls should stay wherever there is real housing lack. But the dots on the national shortage map are no longer big enough to be the concern of Washington. Corporations Tax Boost Rapped By Committee Head By FRANCIS M. LeMAY WASHINGTON, June 21 tP) Chairman Doughton (D-NC) of the tax-framing House Ways and Means committee says he believes a $433,000,000 tax boost the com mittee has voted for corporations "goes too far." The ton Democratic lax manager disclosed in an interview that the committee put the boost into its general tax hill over his personal opposition, lie said 14 committee Democrats voted for it. He and 10 Republicans were opposed. Doughton did not indicate what position he would take when the bill goes to the House rioor next week for a vole. If he openly opposes the rise then, his position might be deci sive in event of a close division in the House. As chairman ofthc committee, Doughton will be in charge of the bill. He also wields considerable personal influence with many legislators on tax mat ters. The bill cuts excise taxes by $1,010,000,000. The boost in cor porate taxes was designed to off set this cut in part and win presi dential approval of the measure. Doughton indicated he would sup port a moderate rise in corpora tion taxes but told newsmen: "I want to pick up more revenue by closing tax law loopholes in stead of piling up taxes on cor porations which, everybody knows, are hidden taxes ultimately paid by the consumers." The House Ways and Means com luitLio voted $433,000,000 in new taxes Monday. It was designed to meet President .Truman's require ment that the excise cuts must nc offset by larger taxes elsewhere, before he will sign the bill. Small Conctrm Unhurt This would cut the tax load o( small corporations earning from $5,000 to $1117,000; hut jump the present 38 percent income tax rate for the biggest corporations to al most 41 percent. Administration leaders immedi ately predicted the tax bill, in a form suitable to the president will be handed to the White House in time for Congress to adjourn July 31. However, this schedule assumes prompt approval bv the House, where the bill is expected to come up next week, and the less likely prospect of quick senate passage If it goes through, excises now imposed will be slashed pro bably on September 1 on tur coals, movies, jewelry, travel tic- .WCirrnteVs'eVd scores of other items. Would Offlat Exciio Cut Ihe big corporation iax boost. the estimated $1,010,000,000 excise I cm. ine conimmce, oy a 10 per i cent withholding on corporation so I dividends, loophole plugginc and various oilier tax changes, already had found ways to pick up an esti mated $405,000,000 in ailditmi to Ihe $4.1.1.000.000 from corporations. In addition, the committre is 1 P Today there came a clipping and a letter from Long Beach. The clipping is the story of a bride who walkad to the altar last Sun day evening (June 4) and the pic tue is captioned "Thay Said Sht Would Navar Walk Again." Vera Hemphill was a lovely young girl of fifteen when on a motor trip she was suddenly strick en with a disease which the doc tors said would prevent her from ever walking again. At first when we would inquire of her father, whom we saw daily, the news was not good. Then there was news a little more encouraging . . , but fifteen operations and many months in hospital followed. . Yet with all the suffering and hospitalization Vera never gave up her determination to finish high school ... to go through college . . . and after she finished at George Pepperdine college she went on to Occidental college where, the Friday preceding the wedding, she finished work on her master's degree. Vera also is an accomplished musician, playing the vibra harp. Her brothers, too, are musicians. That was why, in the program of music especially chosen for brides, expected to vote on a proposal by Rep. Mills (D-Ark) to speed up corporations tax payments. Corporations now can pay in four quarterly installments the taxes they owe for the previous year. Mills wants, by a gradual process, to bring them around lo paying by March 15 of each year alt Ihcir taxes for the previous year. Here's what the committee voted: 1. A flat 21 percent normal tax rate on all corporation earnings. 2. A flat 20 percent surtax rale on all corporation taxable earnings over $2,000. This means a tax rale of 21 percent on the first $25,000 and 41 percent on all over $25,000. Tne new rales, if finally approved, would become effective on the tax able vear beginning after Decem ber 31, 1949. The corporation income tax now is 21 percent on the first $5,000 of earnings; 23 percent on the next $15,000 ; 25 percent on the next $5,000: 53 (correct) percent from $25,000; to $50,000; and 38 percent on all over $50,000. Liquor Law Snags Plans For More Club Licenses PORTLAND, June 21 111 Oregon's liquor control law doesn't work so well now that the stale is growing, a liquor control com missioner asserted here yester day. William S. Spangler. Klamath Falls, told the commission that the regulations on clubs aclualy were PHONE 100 between 6:15 and 7 p. m., if you have not received your Newt Review. Ask for Edythe Brown CI By Vialuutt S. U or tin some of the selections were played by Virgil on the vibra harp and Lorcn on the organ, and when the doors opened for the radiant bride, her brother was playing the Wed ding March, and the guests in First Christian church that evening rose to their feet as she walkad to tho altar. Awaiting her there was Robert Wade Cole, an undergraduate at University of Texas, so that is where the newlyweds will be mak ing their home until Bob is grad uated. The clipping mentions also the "glowing hour" it was for the bride's mother. I'm aure it was! For her father, too! For their de votion had never wavered, and how rich was their reward lo see a lovely young bride walk to the altarl In the Sunday evening service prior to the wedding the minister paid tribute to the bride-to-be whose faith and courage had never faltered in her long trial, despite the diagnosis of doctors who had said she never would walk again. Vera Hemphill never accepted that disheartening thought! "I shall walk," she said. "God moves in a mysterious way, His wonders to perform." discriminating against large num bers of people now. His remarks followed commis sion hesitancy to give a club li cense to the McNary Recreation association, a group of McNary dam workers, because it has not oeen in existence two years, as required by law. Commissioner Richard W. Reed, Eugene, said repeal of the two year provision might hurt, rather than help. Chairman Carl W. Hogg. Salem, added that the commission was against encouraging clubs or ganized "just so members could drink together. Spangler said he didn t believe it "too difficult to determine a legitimate club." Action was withheld, pending a study of the two-year provision. The commission also got into a discussion of the Kugene liquor store, which administrator Will iam Hammond said was the bus iest in the slate. Lack of funds prevented open ing another store in that fast-growing area, he said, and the result is that the one store now serves an area ef 60.000 persons. Its dollar volume was exceeded last month only by one Portland store that happens to handle many quantity sales, he said. The Portland store, like others in Portland, is designed to serve 20 000 persons, he added. Hammond also said the com mission was trying to find a co operative proprietor in Eugene who would install facilities needed for a liquor agency. The com mission cannot finance them now, but would be willing to buy them later, he said. Moore barley was developed by crossing Wisconsin Barhless, Swiss Chevron and Finnish Olli barleys SAFEGUARD YOUR MOTOR with the new TYDOL MOTOR OIL See Poge 7 J. Jarvis Robertson's Associated Service 459 S. Stephent Phone 1215 In the Day's News (Continued from Page One) start mining roads, it's because you expect the other fellow to attack. But the Russian story is that WE'RE going to attack THEM, and they stick to it. IT isn't a bad story, at that. The Russians keep talking about the PEACE they're fighting for against big odds and We keep talking about ihe cold war we're fighting. I'm beginning to think that if we talked more about peace and less about "cold" and other kinds of war we'd make a belter impres sion on our friends. PERSONALLY, I don't aim to ' take to the brush because of these jitter stories in the news. Nothing is less profitable than getting scared out of your boots by things that never happen. 9 HARD luck news from New Jersey: Robert Bertelsen, a kind-hearted service station employee, tried not to step on a little bird that was pecking at the ground and didn't notice what was coming ... in dodging the bird, he stumbled and fell through a plate glass window . . . he wasn't hurt, but his boss charged him nine dollars for new gla.ys. The bird flew away without say ing thank you. a SEVERAL times I've narrowly escaped crashing in the ditch by swerving to avoid a dog in the road. As 1 recall it, when I cast a glance through the rear-view mirror to see what had happened the dog always wore an expres sion of pleased interest indicating that from his viewpoint the show had been a good one. INCIDENTALLY, people who have tried it tell me NEVKK to de cide to hit a pig on the road to avoid taking to the ditch. A fair- sized pig, they say, is solid and chunky and when hit at highway speed throws you for aperies of aerial loops that make going into the ditch seem by comparison a mild and almost pleasurable experience. CLOS'NG this on a more serious nole, Harris Ellsworth, con gressman from this district, says in a little news letter he sends back home: "Speaking of population figures 10 out of every 100 persons are now on the public payroll (census bureau report)." No wonder taxes are getting high. When each six of us, going about the daily tasks of making a living, have to carry four gov ernment guys (local, stale, federal government) on our backs, the burden can't be light. By SAM DAWSON NEW YORK tP) Have a yen to head one of the nation's leading "best managed" busi nesses? You'll have to have ability and integrity, but above that you may have a better chance if you are a native of the northeastern quarter of the nation, went to an eastern college and are in your fifties. If vntl m.l. Ik. o.. un' libalu to get better than $100,000 a year and own more than $500,000 of your company's stock. At least that's the composite picture of the presidents of cor porations with outstanding man agement rating in a statistical study to be published this week by the American Institute of Man-1 agement. I The institute, a foundation de voted to furthering the role of management in industry, studied more than 2,000 corporations and selected 238 as being "excellently managed." Of these, 204 when queried told all about their presi dents. Most From Northeast Most of the executives were born in the heavily industrialized states in the northeastern quarter of the nation. Eight were foreign born. First among the states is New York, with Ohio second, Pennsyl vania third, Illinois fourth, and Connecticut and Massachusetts tied for fifth. The institute notes, however, that the south and south west are likely to be partial to na tive sons to head corporations with headquarters there. One out of four of the top men never finished college. But here a trend is clearly discernible. The younger the corporation president, the more likely he is to be a col lege graduate. But the younger firm puts less emphasis on the college degree than does the long established firm. The non-grads are likely ot be found among the hold-overs from a more rugged business era or among the heads of fast-growing new industries where aggressiveness counts more than training. Most From East's Schools Of the three out of four who are college graduates, 40 percent at tended eastern schools. Yale grad uates lead the list, with Harvard second, Cornell third, and Colum bia. Princeton and the Universitv of California tied for fourth. The average age of the 204 presidents is 58 (younger than the average director). None is under 40, but one is over 80. The fifties lead with 82 and the sixties num ber 75. The presidents usually get. in pay and bonus, more than $100,000 a year, but the range is wide from more than a half million dol lars a year to less than $25,000. the study reveals no relation ship between the size of salary nd the birthplace or college at tended. Stock ownership by the presi dents shows even wider variation. The average direct holding of the company's stock is more than $550,000. A president of a phar maceutical firm leads the list with a $9,203,000 interest in his company's' business. A textile president also owns more than $9 AN 0RI60N million in his firm's stocks. Twenty-four others hold more than $1 million. Forty presidents hold between ; $25,000 and $99,000, while 13 have ; less than a $10,000 slice. The small est direct slock holding was by the head of a food chain store company, with $4,000 credited to ; him. i The world's largest valve a I rotovalve is installed just outside ! the west portal of the Moffat tun- i nel in Colorado. It controls the entire flow of water in the trans mountain diversion through the tunnel to Denver. i FROM THE 60 Roseburg Review, January 16, 1890. If amazes us haw the Rose burg Review casually tossed off the item of Boulanger receiving a legacy of $1,500,000 as if it were no more important than somebody's lost cow. In those days inheritance and income taxes weren't even a wrinkle on a brow, either! 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