10 The) News-Review, Roseburg, Org. Fri., Jan. 21,' 1955
Dixon To Request Final Authority To Start Plant
WASHINGTON Wl Kdttar H.
Dixon, head of middle South Util
ities Inc.. said Thursday he is pre
paring to request final authority
to capitalize a proposed 107-milliin-
dollar power plant near the Ten
nessee Valley.
Dixon, key figure in the Dixon-
Yates utility group, said he will
ask the Securities and Exchange
Commission (SEC) "as soon as
possible to rule on plans for ran
ing 102 million dollars through
long-term loans from banks and
insurance companies.
The commission Wednesday look
under advisement the group pro.
posal to start the project with an
initial S W-millton-dollar-., invest
ment, possibly within two Weeks.
Opponents say they will appeal any
urn decision to the courts.
Dixon told a reporter that, rie
Dr. E. W. CARTER
Chiropodist Foot Speciolist
. ,, Diseases of the Foot
Roseburg, Oregon
217 North Main
CARTER BUILDING
. TELEPHONE 3-7066
spite the long controversy over the
project, he is going ahead with
plans for the long-term loans.
Authoritialive sources said SEC
approval of the loans probably
would be formality if it author
izes the original 5 Vs-million-dolUr
investment.
Middle South and the Southern
Co., headed by Eugene A. Yates,
Verdinc Family Happy
Over Release Of Son
STARKS, La- an The Verdine
family was 'too happy to cry"
upon learning Thursday mormn?
that Pvt. William A. Vcrdhe had
been' released by the Russians in
Berlin after five years of Soviet
"captivity.
A lister of the soldier,; Miss
Edith Verdine, 23, said members
of the family were . "very haopy
and very nervous". She added
"My mother was too nervous to
cry. We are so tired we have not
really digested the whole story.".
Miss Verdine said the mother,
Mrs, Fannie Verdine, was wash
ing clothes at their farm home
near here when word was received
of the soldier's release.
"Mother quit washin," she said.
Verdj,ne joined the Army in 195
and served in the Pacific during
World War II. He has been in the
Army since then except , for six
months when he returned to
Starks after World War II.
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have signed a 25-year contract
with the Atomic r-nergy Commis
sion (AEC) to provide power to
tne iennessee valley Authori'y
(TVA) in the area of Memphis,
Tenn. The electricity would re
place some 1VA energy used in
atomic plants.
Britain Protests
Sinking Of Ship
LONDON un Britain prepared
a protest to Chiang Kai-Shek's gov
ernment Thursday over sinking of
ine oruisn mercnant snip ucn
dale by anliair bombardment in
the Chinese Communist port oi
Swalow, 240 miles due west oi
Formosa across Formosa Strait.
The Foreign Office said the pro
tect will be lodged with Formosa
consular authorities at Tamsui. Or,
Formosa, the Chinese Nationalist
air force reported it had sunk at
least 17 ships and damaged 7 in
attacks Wednesday along a 300
mile stretch of the Southeast China
coast.
The Edendale, 1,717 tons, be
longed to the Winly Navigation
Co., of Hong Kong and was under
charter to the Jebshun Shipping
Co., in the China trade. The British-officered
crew were reported
safe.
Britain recognized the Red Chi
nese regime of Mao Tze-Tung in
1930. She maintains only "insular
ties with Chiang's Formosa government.-
FINOS ANTI-TANK SHELL
LACROSSE, Wash. W Mis
Forrest Pittman was tearing out
the stairs of her front porch Wed
nesday and found an item that
could do the job real quick a
loaded S7-millimeter antitank shell.
She said she. had no idea where
the shell came from or how it got
under the porch. A demolition
squad from Fairchild Air Force
Base at Snokane unloaded the shell
and it wound up as a paper weight
on a sergeant s desk Thursday.
I. - & ' ' ' -
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VENEZUELA DEDICATES NEW DESTROYER New British - bnitt
destroyer Zulia is inspected by government officials during dedication ceremony at La, Cuaira.
Tog I
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BUSINESS-CETTER Tommy Chapman stands on
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General Motors
Offers Common
Stock For Sale
WASHINGTON (1 General
Motors Corp. Thursday offered its
common stockholders a new isoue
of 4,385,000 shares in the biggest
industrial capital-raising venture
ever recorded at the Securities and
Exchange Commission.
GM registered the offering with
the SEC and paid registration fees
on the basis of 435 million dollars.
The giant automotive firm pre
viously had announced it would
raise 325 million dollars by i he
new issue to help finance a 1
billion dollar expansion program.
The actual price to be put on
the new shares will not be known
until some later time, possibly Hie
day before the issue is put on the
market following the completion
of registration with the KC. T!wt
could not be earlier than two days
from now.
The price por issue would prob
ably be determined in relation to
the market price of GM slock at
the close of business the day be
fore the new issue is put on Ine
market.
GM offered the new shares for
subscription by its common stock
holders of record at the close of
business Feb. 8, 1955. It said
shareholders would have the right
to buy one share of the new issue
for each 20 shares held on Feb. 8.
The offer will expire at 6 p.m.
(EST) March 7.
$1395
'50 CHRYSLER Imperial
2-tone color. Dtluio throughout,
compatitire with Cadillac and
vary low in price. Hara it taal
value with a complatu motor ovar.
haul too. Full price . . .
Oregonians Buy Much
Liquor In December
"ORTLAN'D I Oregonijns
saw the old year out by buying
a record $t.01b,X8 worth of liquor
in December.
Til a I one-month high, however,
was not enough to overcome the
declining trend of previous months,
and sales for the six-month period
ending Dec. 31 were 1.9 per cnt
below the same period of 1953, the
State Liquor Control Commission
reported.
Sales in the six-month period
totaled $23,703,391.
Bigger Benefits Asked
By Sen. Eugene Allen
SALEM lil Sen. S. Eugene
Allen, Portland, said Thursday he
is preparing unemployment com
pendation legislation that would
provide bigger benefits than those
proposed by the Governor's Advis
ory Committed,
The governor's committee would
raise the ceiling on benefits from
$25 a week to $35. Allen would go
to $40. .
He said his proposals would dis
qualify from benefits any persons
who quit their jobs without cause,
those fired for misconduct, and
those who refuse to accept other
suitable jobs.
The Senate Labor and Industries
Committee will hold a public hear
ing next Wednesday night on the
Advisory Committee's report.
Members of the Advisory Commit
tee will be present to answer ques
tions. , -
ELECT COMMISSIONER
SALEM Ml Sen. Monroe Sweet-
land, Miiwaukie Democrat, says he
wilt introduce a bill to nave the
public utilities commissioner elect
ed by the people. He now is ap
pointed by the governor.
Sweetland circulated initiative
petitions last year to accomplish
ine same result, but didn t get
enough signatures to nut it on the
ballot.
Two Democratic Senators
Challenge Ike's Assertion
WASHINGTON I Two Demo
cratic ienatort challenged today
President Eisenhower's assertion
that the national economy is gen
erally healthier than it was when
he took office two fears ago.
They commented in advance of
the President'l dispatch to Con
gress of. hif formal message on
the state of the economy. This is
the last of the three major presi
dential messages sent to Capitol
Hill each January. The other two
are the State of the Union mes
sage and' the budget.
The President'! economic report
is a thick booklet anayzing every
aspect of the economic, -vepired
with the aid of the three-man Coun
cil of Economic Advisers, headed
by-Dr. Arthur F. Burns. It it ac
companied by a letter from the
President
It may forecast an economic
year generally approaching or bet
tering the all-time records set in
1953, before a slight recession let
in.
Eisenhower told his newt con
ference Wednesday there art some
difficulties in particular industries
on which his administration it
working. "But the outlook, certain
ly from the standpoint vf our in
ternal economy, is good, ' he said.
"And I know of no better meas-
Tire Chains Required
On High Oregon Passes
SALEM (if) Tire chains are
required in Santiam Pass, the Ore
gon Highway Commission warned
Thursday.
Packed snow also caused the
commission to advise motorists to
carry chains at Government Camp,
Timbei'line, Warm Springs Junc
tion, Prospect, Meacham, John
Day, Austin and Seneca.
New snow in the mountain areas
ranged from 2 to 4 inches, with
snow flurries reported Thursday
morning.
The Pacific Highway was closed
by ice in California, 18 miles north
of Redding, , but the commission
said it probably would be reopened
during the day.
ure . . . than to say now uo peopiu
feel today as to the way tney leit
then."
Sen. Kefauver (D-Tenn) com
mented in an interview that na
tional productivity is down and he
attributed part of the decline to
administration policies.
"Our national product ii down
below what it was two yean ago,"
he said. "Unemployment is great
er. Development of our national
resources is being thwartad by the
Republican administration, a dan
gerous trend toward big mergers
is threatening small business and
there is an increasing differential
between farm prices and farm
costs."
Sen: Sparkman (D-Ala) said the
flaw ip the President's generally
optimistic forecast for the future
is a continued drop in farm in
come. He said he is convinced the
economic situation isn't as good:
now ai it was two yeari ago. )
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Rose Hotel Annex . Phone 3-6333
Escaped 3 -Time Killer
Captured In Oklahoma
TAHLEQUAH, okla. I' Julius '
Bohannon, escaped three-time kill
er, was captured without a fight
near here shortly after daylight
Thursday following a search by '
50 officers,
Bohannon escaped from the Ok-1
lahoma State Penitentiary at Mc
Alc.itcr, Jan, 8, and had been the
object of a search spreading from j
Canada to Texas.
The highway patrol said Bohan
non was unarmed when found
cowering in an abandoned shack
southwest of here.
Oregon Trail Council
Leader Cets Promotion '
EUGENE UP Jim Harpolc, who i
has been a district executive for j
the Oregon Trail Council here, will
lake over Feb. 13 as head of the I
Boy Scouts Modoc area council, '
with headquarters at Klamath
Kails.
The area extends into Northern
California and includes l.akeview.
Bend, Princville and Madras. The
area has 2.500 Scouts.
Harnole. 32, is a graduate of the
University ot Washington.
PILLAGE CITY
JAKARTA, Indonesia : About
300 armed terrorists pillaged a vil
lage 14 miles southeast ot Ban
dung, killing five villagers and
burning 17 houses, it was an
nounced Thursday.
Lincoln Commemoration
Falls On Lee's Birthday
FT. MONROE, Va. I The date
had to be chosen to suit the con
venience of those taking part, the
Army explained.
That's why ceremonies were
held here yesterday Robert E.
Lee's birthday to dedicate a
drawing commemorating Abraham
Lincoln s 1862 visit to 1 1. Monroe.
Taking a prominent part was the
commander in chief of the Sons of
Union Veterans of the Civil War
Maj. Gen. U. S. Grant 111.
Commerce, Utilities
Committee Sets Hearing
SALEM I The Senate Com
merce and Utilities Committee will
hold a hearing Feb. 2 on a bill
by Sen. Monroe Sweetland, Mii
waukie Democrat, to let the tax ;
commission determine the base on j
which public utilities could seek
rate increases. .
Sweetland says that the present
system, under which the public
utilities commisslbner determines
the rate base, lets the private util- j
ities off with lower taxes than they
should be assessed.
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