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.
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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
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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! If you earned it, you kept it
. . . reminds us to remind you tnis is tire season, rrorect
what you have from lost with an insurance policy.
It Pays to Insure in Sure Insurance!
Phone 1467
I
I
TIPTON
PERMIN INSURANCE
214
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