Page 2
KLAMATH TRIBUNE
MAY 1959
'Manny' Ochoa Studies Aircraft Mechanics
At Eugene Vocational School
STOCKS, BONDS, MUTUAL FUNDS EXPLAINED
AS INVESTMENT SERIES GETS UNDER WAY
f 1,1,1 " f " m vmmmm n
fe'l "U . M Wm4 jl ' r fl'l 1 II I Mill!
Studying airframe am! power
plant mechanics at Kugcne Vo
cational School. Kugene, Ore, is
Manuel 'Maiiiiy-" Ochoa. 1957
graduate of Chiloquin J I i K li
School ami longtime resident of
this area. The course, started by
Manuel last September, is essen
tially learning the repair and
maintenance of aircraft. Genuine
planes are at the school's brand
new shop for the students to
work on.
Manuel says for the first 2
mouths he studied sheet metal
work, then a mouth of woodwork.
At the 'same time w elding was a
part of the curriculum. Recently
the students started in on dope
and fabric "putting fabric over
the wins and plane" and theory
of flight "how a plane flies, air
flow, wind tunnel tests, etc." Hy
draulics, involving engine study,
the students will pursue this term
ami again next fall.
Manny thinks he has "learned
a lot", lie avers: "I didn't have
much interest in the course when
J first started but now I think it's
real interesting. In some places it
gets kind of complicated but you
find out how to do it anyway."
' Manny regards the school as
just right : "I'd much rather go to
this school than a big college
where ou have to studv a lot of
things you don't need. Here oti
just study what ou're going for."
Manny's interest in aircraft ex
tends to learning how to fly them.
He agrees that a good mechanic
should know how to fly and is in
tent on starting lessons soon. He
considers he has already picked
up a lot of know-how from his
theory of flight course.
Once finished with his training
Manuel would like to go to Cal
ifornia or elsewhere in the South
west and line up a job with the
airlines.
"Otherwise I'll join the air
force and get a little more train
ing, including jet training."
He also recognizes that he
could set up a shop with his term
ination funds but doesn't "know
for sure if I'm going t() do it".
Much of Manny's extracurric
ular activity centers in athletics.
He recalls that at CHS he lettered
I years in football and basketball
and 3 in baseball. He picked up a
most valuable player award in
basketball in his senior year. At
Kugcne he and several other ball
players got nP a team last February-
the V. of O. Mudhens to
play in the elimination tourna
ment, prefacing the national all
Indian tourjiey. They didn't get
into the latter event, however, but
plan on "doing better next year".
Among Manny's other interests
are hunting and bowling.
On termination Manuel seconds
the views of other students: 'In
the papers I've read most of the
guys covered the things I would
have said. I withdrew because I
thought it would be better to do
that."
Manny doesn't believe termin
ation w ill have much effect on the
members: "I don't think they'll
be any better than they are now.
They'll end up about the same I
guess. I'm hoping that things will
turn out better though."
The education program he re
gards as "a great thing to have
really good".
Information-wise, he believes
he is getting a lot of it and con
cludes that it is a good deal to
have a paper like the Tribune.
" They have some pretty shrewd
jokes in there."
And while Manny finds termin
ation somewhat confusing, he
says "at least I know what's
oing nil once in a while."
5
r
!
K T
I
A series of meetings. on invest
ments, sponsored by the Klamath
Education Program for the ben
efit of tribal members, got under
way Thursday, May 14, at the
Klamath Agency council house.
Jack Foster, representing a mem
ber firm of the Xew York Stock
Kxchange, introduced those pre
sent to the subject of investments
by explaining the nature of a
corporation and 3 main types of
securities offered by it: common
stocks, preferred stocks, and
bonds.
Common stock, he pointed out,
carries greater risks, offering no
guarantee of preservation of prin
cipal or payment of dividends.
Halanced against this, however,
is its growth potential. Preferred
stocks, he explained, take prece
dence over common in payment
of dividends. Such stocks have a
fixed rate of dividends, which is
paid before any common stock
dividends. Honds, he observed,
constitute a debt of the corpor
ation which must be paid. - .
Foster recited the long history
of inflation and showed how it
relates to investments. Common
stocks, he pointed out, carry the
growth potential to offset infla
tionary trends. Further analyzing
the growth characteristics of
common stock, he cited examples
of such stock which had greatly
increased in value over the last
few years.
In concluding he outlined dif
ferent types of investment pro
grams, tailored to fit the needs
of different individuals. He de
monstrated a suitable program
for persons of advanced age.
whereby they could realize a
maximum amount of spending
power out of a given sum, still
allowing for preservation of prin
cipal over their remaining life
expectancy. He explained another
program, quite different, advan
tageous for young persons, pro
viding for anticipated outlays for
education, etc.
At the second meeting of. the
series, on May 21, Foster ex
plained mutual funds. These, he
said, are designed for people who
don't have time to manage their
own investments. He saw these
funds as "probably the safest way
of investing for both growth and
income", safe because they are
managed by experts and because
they follow the principal of di
versification "not putting all
vour eggs in one basket". Mutual
fund companies, he noted, pur
chase several types of securities,
and invest in many different cor
porations. A movie was shown
in illustration of these concepts.
The third meeting of the series
was slated for Thursday, May 28,
at which a movie on the Xew
York Stock Kxchange was to be
shown.
Chiloquin Clean-up
Campaign Slated
Under the chairmanship of
Lav ton Hoback the City of Chilo
quin is launching a' full-scale
clean-up campaign, scheduled 'to
begin June 1. k
The Mayor of Chiloquin. Hill S
Harnes, has pledged the full cr- N
operation of the City by signing
the proclamation making the
month of June clean-up month.
Joining in this project are many
civic organizations and the child
ren of the community. Chiloquin
elementary school students have
been assisting in the project by
distributing notices, and the fifth
grade students under Rosalie Ho
back made colorful posters which
are on exhibit at the Klamath Kd
ucation Office.
The clean-up committee has
been concerned with the general
appearance of the town, and urges
each individual family to partic
ipate Jy starting the clean-up
campaign in their own backyards.