Image provided by: University of Oregon Libraries; Eugene, OR
About The news-review. (Roseburg, Or.) 1948-1994 | View Entire Issue (May 17, 1951)
4 Tna Ntwi-Rtvltw, Roseburg, Or. Tnuri, Moy 17, IS1 Go-Slow Policy On Prices Told By Stabilizer WASHINGTON (JPI Econ omic Stabilizer Eric Johnston told Congress today that "trying to push all prices back to pre-Korea days would be like trying to pusb toothpaste back into a tube." He said the government is aim ing to establish a stabilized price line and then hold it. Johnston was called before the house banking committee which is weighing the administration's pro posal to broaden and extend the defense production act for two years beyond June 30. We hope to have rollbacks In a great many items," Johnston said in a prepared statement, "but we are not promising any general rollback to last June lev els or to anything approaching them." He said that If the government were to push prices back to where they were a year ago It would wind up doing the same for wage rates, salaries, and business prof- "I don't think it can be done." he said. "And I certainly doubt the wisdom of trying to do it." He said the Economic Stabiliza tion agency, which he heads, can not now, under the law, keep most farm m-ires from rising. This is because the 1950 defense1 firoduction act forbids the estab ishment of ceiling prirea on farm products lower than their parity price. Parity is a level defined by law as being fair both to farmers and consumers. The parity level for each farm Drodurt fluctuates from month to month with the prices of other goods. Johnston endorsed President Tru man's proposal to peg the ceiling prices on farm commodities at the atart ot a crop season. Da sea on parity levels at the time, and keep the price there throughout the season. Many congressmen have objected to the idea. "It is a minimum tool if our food price ceilings are to be meaning ful to the housewife when she jyies into a grocery store to buy," John ston said. "Otherwise, the eeilinrs would have to change so frequently that prices would no sooner be posted than they would be out of date." Fight Far From fnded Johnston told the lawmakers the critical point in the fight against inflation may still be in the future. "Despite the lull, despite the seeming improvement in the situa tion, despite the slow down in the price rise and the turn down in some prices, all the factors which make for a rip-roaring inflation are present," he said. "Pressures increasing the cost of living continue under the sur face. They are poised for another big push." Johnston said the government needs stiffer enforcement powers. It would be "overly optimistic" to expect "normal honesty and nor? mal patriotism" to bring about compliance with price control reg ulations, he said. He also urged enactment of rent control powers for commercial property as well as residential. "Rising rents can do more than any other single item with the possible exception of food to spark demands for higher wages, and thus our higher prices," he aaid. Azalea y MRS. ILA QUIRK! Mrs. Owen Bird has returned from Washinton and a visit with her two daughters, Mrs. George Thompson, Kent, and Mrs. Glenn Partch of Winlock. She was gone five weeks. The Anchor school has elected Sharon Miller aa valedictorian and Shirley Parkey aa salutatorian. J & r -;.f:i TOM THUMB TOM There'll be less turkey hash In the future, thanks to the new, aix to 12-pound midget turkeys developed in California's Antelope Valley. Turkey breeder George Roberts ot Lancaster, Calif., corq pares one of the bargain-counter gobblers, right, with a 3 J-pound Bronze Tom turkey of ordinary holiday size. Riversdale By BIVIRLY J. CHRISTIAN Mrs. H. E. Leedy of Portland is visiting her son in-law and daughter, "Mr. and Mra. Don Guiley. Mr. and Mrs. H. B. Kruse and daughter Joanie, accompanied by Mrs. Neil Christian and sons Greg, Mark and Dean, visited in Spring field Sunday at the home of Mr. and Mrs. Don Christian. Neil Chris tian, a patient at Sacred Heart hospital in Eugene, was well enough to leave the hospital and also spent the afternoon at his brother's home. Mr. and Mrs. Dale Guilev had the tatter's brother, Vernon Hooper, ss houseguest over the weekend. Mrs. Glenn Cox is ill at her home. Mr. and Mrs. Allan Burkhart, Eugene, visited over the weekend with the former's parents, Mr. and Mrs. John Burkhart. Johnny Burk hart of Roseburg, son of Allan Burkhart also, visited his grand parents. Lynetta Kruse. daughter of Mr. and Mrs. LeNore Kruse, was cared for recently by Mr. and Mrs. H. B. Kruse, while her mother was in th hospital for medical treatment. Mr. and Mrs. Don Kruse inent the weekened at Myrtle Point and North Bend visiting relatives. Christine Shields of Myrtle Point, niece 01 mrs. Kruse, returned with them for a visit. Mr. and Mrs. P. F. Criteser of Roseburg were Sunday evening Inside Buying Of Stock Permits Evasion Of Taxes By SAM DAWSON I new YOKK The mar- lei ireng toward letting certain corporation executivea buy stock from the company on better terms man they might be able to get in the open market has provided , some of the bigger and better, stockholder management fights this year. The details are called stock op tion incentive plans. The incentive j part of the plan is based on the idea that as a part owner the ; executive will be interested n making the most money possible , for the company. The trend toward these plans is away from the prac tice in other yeara of giving either ! pay increases or bonuses to top men. I Opposing stockholders say the' real idea isn't "incentive" at all, i but merely a scheme to get around the steadily increasing personal in- j come tax rates, and that it gives certain chosen men a chance "to . make millions," a chance others don't get. I A fairly typical stork option plan is the one just passed, after much j deDate, at the U. s. steel annual meeting. It provides that chosen key management employes may' buy stock from the company trea-: sury at the market price on the day the executive is ranted the right to buy. But he has up to 10. years in which to buy the stock. visitors at the home of Mr. and ' Mrs. John Burkhart 1 always at that fixed price -and he may exercise his option up to three yeara after retirement. j The present federal tax laws pro- j vid that two years after the op- i tion is granted and six months after the stock is sctuaily paid for, the executive may sell that j stock without paying the regular income tax rales. Instead, any profit can be listed as longterm 1 capital gain, or any loss as long term capital. Hew Plan Operates j Under this plan, or under o'Jif.s like it throughout industry, a n ', executive granted the right today ; to buy 100 shares at today's price may find two years from now that 1 the market price has gone up $10 a share, he can sell it then, still! at today's price, and make $1,000 j But if he waits six months more, ; the SI, 000 is subject only to a 25 j percent capital gains tax and he hasn't been pushed up into a thousand-dollar higher personal i n-1 come tax bracket, as he would have if the company had given 1 him $1,000 in raise or bonus. In most cases stockholders have voted overwhelmingly for the stork option plan. Many appear to figure if directors and top men own stock they'll work harder for the com pany, and be more liberal in vot ing dividends, in which they'll share. And behind it all, stockholders as well as management are aware of the shortage of executive ma terial and the plan's aid In keep ing top men with the company. The National Capitol Parks of Washington, D. C, and adjacent areas is the largest metropolitan park system in the world. j HARRY C. i STEARNS Funerol Director Our service Is for all and meets every need. Any distance, ony time) Licensed Lody Assistant. Oakland, Oregon Prion 171 1 or 2713 Grsdustion exercises and the pro gram will be May 24. The Galesville school has chosen Ward Bruington as valedictorian and Dianne Hallstead salutatorian. They will hold graduating exer cises May 31. A daughter, Alana Lee, was born to Mr. snd Mrs. Don Rogers of Azalea April 30, at the General hospital in Grants Pass. Rollin John, telephone operator at Azalea, is in Portland to take treatments for failing eyesight. He was accompanied by his brother. Dale John. Mrs. Thelma Larson has charge of the phone office while Rollin is away. Cow Creek road may be oiled soon. Applications have been signed by persons living on the road. LOWEST PRICED BIG CAPACITY, REFRIGERATOR of 9 best-known makes! . cu. ft. of cold space ' in the floor space of old-style "6's"! KHLWLl IMLT0R I r 15Rvi M Look! r big T ' Ma Jfi if your present frozen i lWOSL w refrigerator FOOD CHESTI -H 1 J F) fi, i ten Hoidi si Ins. t:"tjy!!,MNOll 's worth 50 on : I I ITraalJ trad8"in f 3S5SSpf EXTRA BUSHEL '1 AFTER MINIMUM f, I -fc 0FC0LJ 5PCE Yu I D0WN PAYMENT j? 1 POWERED -S 7715 -f BY SUPER- " V7I DEPENDABLE model $m kiivinator iJ . P0LARSPHERE1 1 EXTRA GENEROUS TRADE-IN ON YOUR PRESENT REFRIGERATOR ACT NOW! ROSEBURG: 222 Wast Ook Phone 3-4337 MYRTLE CREEK Phone 134S ROSEBURG, OREGON PHONE 3-5553 SUPER HOUSE PAINT AT A SALE PRIGE NO FINER PAINT COMPARE IT 4.38 sWaWMhrSWlMkr, Extra white, contains Titanium. Soil ceonmo . , . saves you work. Tests prove that this pigment gives whitest house finish known . , . hides btiTI Reiists chipping and peeling through all kinds of weather. Paint flows freely and brushes on easily. Use "Super" and you won't have ta paint yovr house again for years I In single gallon 4.48 VJ jf Awn? WARDS SMOOTHEST, WHITEST ENAMEL I Absolutely the finest enamel Wards has , ever produced I Estremely smooth. Jx- jLA3 tra white. Dries fast to tough porcelain, lihe flnishl Non-yellowing I Easy to use. ow Prict For Quart I ILL 1 I GIVES GLEAMING NATURAL FINISH Good service at low coitf Transparent to show off natural beauty of wood. Resists hard wear and scratching. Dries overnight , . . washing won't dull itl ! 153 7 LADDERS IN 1 STRONG, SAFE HIGH QUALITY 7.38 Double duty. Use ot 1 0 ft. straight ladder or ' 5 f. step ladder. SMtis braced for extra safety. . Strong catches hold lod ' der rigid in straight po sition. Adjust easy. e COMPARE THIS NEW SPRAYER Conipocsbaasy to handle. Direct drive 'j HP motor. Safety valves regulate pressure. Enclosed oil separotor and air filter insure clean, dry air. 5488 4 UM. C A G