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.