Observer,' La Grande, Ore., Thurs.,' Oct. 29,' 1959 Page 10
' '. f -"-.
'V 0,1 '
QUINTUPLETS PARENTS Lt. and Mrs. Charles G. Hannan became the parents of
America's third .sot oi quintuplets with the birth oi live girls in Lackland Air Force
l!ae Hospital at San Antonio, Tex. The quintuplets, horn prematurely, have all
-lied.
Survey Reveals Bonds Superior
To Common Stock For Investing
By ELMER C. WALZER I
UPI Staff Wri'er
NKW YOKK i CHI Two
imcs'nvnt experta have explored
the field of iH-nsion (iiikIs and!
arrived at a conclusion that bonds
lit Into those funds better than
common stoiks. .
This is a Mow to what has he
conic a general belief in Wall
Street. The caliber of the experts
lends wciglit to their stalenvnt
that "a drx-)ier annljsis of the
sur.'fce record of cilinnnn : locks!
shows they 'do rot meit the day
today living retuirements of the
liensinn fund wiilio.t possible li
tiidation at nnfavurnblo times."
Dennis N. Warlers, presided,
and William M. liae. second vice
president and actuary of the
Hankers Life Cor.ipany of lies
Blonde Teen-Age Girl Friend
Of FSynn Fights
'By" ROBERT FLICK
United Prets International
HOLLYWOOD "ITI Seventeen
year old Bwerly Aadlnnd says
shis very sni ry she isn't going to
have rr child by Krrol llynn, but
ie- definitely plans to have one
third of his estate
"I'm very sorry that I am not
pregnant," said the b'o:i,l. wiile
eyed teen-ir'cr at a p ess confer
ence Tuesday.
"We lovid each o'lier very
much. Wo wa'.teil u W.iy I a lly."
Her attorney, Melvin Belli, ad
ded: "She learned Only today she
was not piegn.rit "
. Miss Aadlnnd. Mynn's compan
ion for the two years before Ins
death at the age of 50 Oct. tl.
told reixirters she had written on;
'Space Ferry'
For Shuttling
Men Out There
LOS
for' a
AXCEI.KS 'I'PI' Plans! well as the signed Version. He
"space feny" to ahultleisaid tlie oilier unsigned document
men and
.supplies from ea'th to!
orbiting salellit 'S were revealed
Tuesday by lickheed and Hughes
aircraft companion.
The craft w;u!d have the fea
tures of a sn;i!-e ship, ballistic
missile ard conventio-al airplane,
said the firms, t w.iuld be
Inunchcd ninp a three stn';e m k
ct generating 1KI0.0('II pounds of
till list
The "snace fi rrv" would have
folding wings which would be foiti- h
ed back at laurelling and then, "Voti sec," Miss Aadiand ad
spread out when it attained its 'I'd, "this is the same dress I
300 lo 500 mile altitude operational had on the other day "
area.
LockhccHl and Hughes estimated
the giant ferry could lie ready
for use alxnit Bairn. Its design
has been presented to "appropriate
envernment ni?encies. said
thei
..;- I. f.. nn ,.,...r.,.
mental action has Leon taken.
The vehicle could carry M.thW
pounds of payload and three per
sons besides the pilot, according
to the comnnnies - Trey said re
search on the craft was financed
independently.
13
i
m
t.
NOT SAYING farnh
Dibah. 23, of Tehran. Ir
an left for l'aris without
saving whether shir m-teiiik-d
to- ni:.rr- Mnh
Mohammed Rtaa Pahh
vi even though friends
sav she is cnrniitc to hnv
her Irotiwati .IVs;ilo all
' rtiPmrs the- beatili'i.us
" IMrah (let lines' tn rotn-
mi
Moines, Iowa, arrive at these
conclusions in a joint paer re
leased to mcmltcrshin' of the So
ciety of Actuaries fur discussion
at its animal meetiii- Nor. 11
The study shows that since
Congress enacted legislation in
l!Mt! encouraging establishment ol
pension plans, move than 50 WKI
qualified plans hate come into
being" Total funds in these- plans
at the end of 133H are estimated
at $.'i7 b llion against $i billion
in Itlll. '
About Sl.'i billion of Ibis total is
n the hnnds of Hi insurance
companies coverins' benefits
promised under insured plais
ard about $22 billion represents
assets of self-insured pens.o l
plans administered by trusts.
I'(r a long lime pension funds
For Her Cut
three wills at Flvnn's dirtatiot
last year.
Only One Signed
Two of the wills were marred
by her spelling errors and there
fore tinsiciu'd by the nctnr. she
soul. Hut the thu 1 a.d eorreit
ver-inn was signed, she said
It lelt her one third of his es
tale, s.ud Miss Aadiand.
Belli said they were prepared to
fight in the courts lor "years"
to see th;t she gets her share.
An unsigned Will was hied in
New York Monday by the late
at tor s u'.lori.ey, Justin Golden
bock, lie said the document was
filed "for information only" and
that it had no bearing on the pre
viously filed Klynn will.
Left Out Of Earlier W II
The earlier will made out in
l!.V)--leit Flvnn's estate to his
widow. Patrice Wymote1,' and his
luuf children by three wives.
Belli said Coldenbcck was i
(isHssi;n of oie of the u isigned
I'Uun wills i which was filed as
was m storage along with Miss
A.i'll. mil s clothing in New i.ork
under l-'lynn's name
Miss Aadiand said she was un
able to get her clothing and other
hehrgmgs from New York lie
leaese they were under Flvnn's
ran.e.
I "Kriol tin tight he was providing
(or the girl he loved very dearly
I and now she c.m't even get her
clothes from N
York," said BeJ-
YANK GETS BOOT
IIONti KONG dpi'. Ameri-
an citie'i Charles Garland llop-
' -ki to enter Com-
munisi
Cluna last wek. was or-
"" ong Rung uioay.
Enter Procter & Gamble's $50,000 GWlWi gMEPSTAKES
IS"
. ,1 i- f M
IVOPA'
' 3
IVflRY Li5uid
IT Ulll Detergent
CHEER
Blue
OXYDOL Laundry Dslergenl
CASCADE For Dishwashers
Get Contest
'Details Here "
Price efffttive thru
Sun., Nov. V at Se'
wy in l Crnd. We
lfctrve iHiht to limit.
rmaK
were almost entirely in fixed in
come securities. Hilt since the
war an attempt to hedge against
inllation has changed the picture,
the experts assert.
The experts' paper asked what
will happen if employment de
clines instead of rising1; if ' the
business fails to 1 prosper. Auto
mation may bring the former
and' merger or termination, the
latter. '
"No business can lie assumed
to have ncrpctual life let alone
perpetual growth," say the
actuaries. '
They condlude that a fixed in
come security such as a bord fits
into the Cash requirement of a
pension fund promising benefits
m fixed dollar amounts more
easly than a common stock
"The -bend," Ihe experts assert,
"gtarantees the payment of i Mer
est and principal on specified
dates and the guaranteed
amounts can be programmed to
cash needs." . '
. They cite a study by the Cowles
commission covering all slocks
listed on the New York Stock
Fxehange.
llcsulu of that study showed an
averago dividend yield of 5 per
cer.t anil an aunage prjee in
c"rae of 1 8 per cent or a total
trend of fi.U er cent annually for
the period lt.Tl to rr.!7.
Study Extended Through 194
The Lde Insurance Association
of America extended the study
through IM9 The actuaries esti
mated Ihe 6H tier cent figure,
unchanged in the extension, pro
bably would bo increased if car
ried tn the present date because
06 Ihe market rise to a new high
A comparable study on bonds
showed an average yield of 5li
per cent. The exports held that
this was in favor of common
stocks but they carried on their
thesis by citing the spending on
consumer credit and other items,
including mortgage debt to what
may he an artificially high and
perhaps insupportable in Ihe
luture.
"It is obvious that the increase
in lMiiriiv.ini; cannot continue in
definitely since eventually
charges on debt would exceed
available income." says the
actuaries
"It is almost inconceivable that
tftal consumer credit can in
crease at the rate ol the past
years as this would bring such
debt to nhont si per cent of con
sumer di-pnsnble income
"Thus we have to (itiestion
whether business activity can
duplicate" the rale of increase of
recent years with a commensu
rate effect on the common stock
market"
SEEKS DIVORCE
LOS ANG1XKS 'll'l' - Hilly
Daniels' third wife filed for di
vorce Tuesday charging that Ihe
Negro singer choked and threat -
W
Large
Bars
12 oz.
can
Deiergenl
Rough, Tough, Stormy
Looms Due To High
By JOSEPH U. MYLCR i nrohahly would be for the better.
Uniti Prt InUrnafienl j The northern half of the country
WASIIIN(.TDN 'I i'l' The hiKii ifrom the Hockies eastward was
t:i.t iln' hii.e Kcl their cli cc-; too h'.t for comfort chirrR the
litrw mixc 1 i.. a:ii il s-jMethini. j summer. II also wa hot in Cali
decsn't put thtin h:ic on norm .1 (ornia and the southern plateau
icuise wi 're ;n fcr a rouh. ! sl:i'es. It was comparatively cool
'ciidi, sturdy winter
D: Jerome Sa:ma. cue! '
the Weather Bureau's cx'.e.itli-d
loiccasts section, p-lu-ej today to
I.udic! whether thes- winds Willi
fiitnt tiekre winter toniA.
hut he did offer this possibly
ri-ussurini; bit ol wea'.her lore
idcaiied from experience: Weath
er patterns o.'ltn change between
October a-id November. In fact,
cha'ws In "weather regimes" oc
cur more oflci in that period than
any o'her, so it doesn't nay to
predict what the winter will be
like until you see what the No
vcmher pattern is.
As things stand, any change
Big Business
On Insuring
Small Fry
LOWESTOFT. Kngland 'l'PH
Geoffrey Small, 13, president of
the Middle School Insurance So
ciety, reported today he is doing
a "whacking good business" in in
suring his schoolmates against
spankings and other schooltimc
accidents.
Small and his board of 13-year-old
directors operate at Lowestoft
Grammar School. They charge
their clients three cents a week
and pays up to four shillings (56
cent si for a major disaster such
as a caning by a teacher.
Detention after school pays 42
cents, but some minor happen
stance as having to write 100
lines of poetry on the blackboard
brings the client only 14 cents.
"We started it as a joke, but
it has worked out rather well.
Luckily, the chaps haven't got up
to too many pranks or we would
have been crippled by now,"
President Small said.
Terry Wilt jn, 12, said. "I joined
and made one shilling '14 cents'
out of it in five weeks. I laughed
at the start hut 0 lines of black
board poetry brought me in eigh:
pence.' '"
"Then Ihe boys found out how
easy it was lo get lines and made
money. That. 0 course. Ihe insur
ance rrganizatiot didn't like."
Picsident Small stopned that
lackct. He punched out new poli
cies on his father's typewriter, in
serting a clause excluding pay
ments for "accidents" engineered
by policy holder.
"I had to make honesty pay,"
he said.
Bedell Smith Is III
WASHINGTON 'I'PI Walter
lledcll Smith, retired four-star
general and former ambassador
to liussia. is reixrted critically
ill at Walter Heed Army Hospi
tal. A hospital spokesman said
Wednesday the 64-year-old former
diplomat and military leader was
"critically ill from pneumonia
and iung abscess." He was ad
mitted to the hospital Oct. 13.
ened her. Mrs. Pierrette Daniels.
27, also sought a restraining or
der to prevent Daniels, 44, from
"molesting, annoying or abusing
her."
PITTSBURGH PAINTS!
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ie!i
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o ily in the far Pacific Northwest'
I a:d the southern plains states
such as Text Louisiana, and
'Arkansas.
Then the current pattern began
to emerge in the fall. The high
westerlies, great rivers of air
v Inch normally flow mainly west
Penney'j
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Winter
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tendencv Successive shafts of
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Y'cstcrit r. :1 c.?itr.il njrts of the
country.
Wh-n the h:i!h westerlies get
mixed up this way. forth-south
channels are opened which, Na'ni
as said. caue "stronger injection
of pdar ar southward and strong
er injection of tropical air north
ward." Activt Winter Unlets...
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storm. and it nothiiijr happens
correct it. we're going to have
v..rv iive u inter with a lot oi
st .rmiisess and vigorous weather i
changes, he added.
The disordered westerlies pro-
duced some intense storms on the
pifif ri a week or so ago !
They were responsible for heavy
rains from New Kngland south-
ward just last week end. The pat i
tern may change come Novem-1
ber. but it Icoks wctty set in its!
ways right now. . '
N annas reviewed his data lor ai
moment. The latest f torm bred by ;
the pattern, he told hi' ' t 'trited 1
Press . International it..'- .iew' i
, I
should be afflicting Great flnu n
"with strong winds off the Atlai.
tic."
-"Have you looked at
your wire
old hand at
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C
Slogan On State Tags
SALEM L'FI Oregon licence
plates coming out in January wiU
bear the slogan I'acilic Vion-ler-
land." the Stale Motor Vehicle
Department said today:
The slogan was adopted by the
1M7 Legislature. New plates wiH
have rellectorized 'nbs instead o)
metal ones that will lie fastenej
with adhesive. The color and mint-
beving system of Oregon plutej,
i will be tnu same untu mj.
- -
recently
he asked. "I'd be sun
there . wasn't an itein
1" .
i atiout it."
The reporter koked. He fou:id
a 'li'patch from London. It said
-a stiff gale battered Britain dur-
inn the night. . . -
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