Image provided by: Chetco Community Public Library; Brookings, OR
About Brookings-Harbor pilot. (Brookings, Curry County, Oregon) 1946-1978 | View Entire Issue (Oct. 17, 1957)
BROOKINGS-HARBOR P I L O T THURSDAY OCTOBER 17, 1957 T h e B r o o k in g s -H a r b o r for w hat it 's w orth P IL O T i Î BUSINESS (L IF F O R D ROW E sAN independent newspaper N A T IO N A I 1 0 I T O « l_A I * 1 I a sso c F ati ’S / n • e3<c-a|J i f 'N IW P A M I r y tu iH ia s - association Entered a* Bcmi-d-claui m atter nt the pojtoffice a t Brookings, Or» March 7, UH6, under an A rt uf March 3, I87tf Ray Piurek, Joe Murphy S d ito rt and /'w M u A e r, sz . S U B S C R IP T IO N R A T E S . ‘ Year In Advance (in C urry County! Year in Advance (outside Curry County) S3.00 S3J0 PROMOTION LS THE KEY WORD............................ We who are old-tim ers in the Brookings area like to think that we have some very fine attractions in this region. We find that people in other parts of the country are interested in many things that we have here in abundance. We have our beautiful ocean, and wonderful beaches, our fine wilderness country, and our bountiful forests. We have some of the finest fishing stream s of anywhere in the country. We have driftwood, and beautiful lily and daffodil acreage. Our climate, too, is a great attraction, especially to the people In the middle west, who suffer from the heat In the summer, and the cold in the winter. However, the main thing is to let others know of our g o o d fortunes, and they will seek us out. It is hard to package up a piece of our glorious sunshine, or a mountain to send back to the folks back home. It is relatively simple to work up a case for one of the moat progressive local industries though. We heard the suggestion made at the Chamber of C om m erce meeting the other night, and think that there is some m erit in it. The Cedar Lane Canneries puts out some mighty tasty products. They have smoked salmon, and smoked tuna, and smoked shrimp and a variety of other sea products. We would be in favor of the local citizens buying up some of the Cannery merchandise and . dispatching it back east. If that doesn't bring a few people out west we don't know what will. A sa result of the recent trend rights of the individual are indis of events within our own borders pensable to the continued exist the normal citizen c a n n o t be ence of any democracy. blamed very much if he finds But if the foregoing gives cause himself in a state bordering utter for bewilderment, what must be confusion. the reaction of these same law Certainly when a governor de abiding citizens when they are fies the president of the United made aware of the fact that one States as well as the supreme of the country's most powerful court of the land, the man or labor unions has by acclamation woman who has been taught from seated a president whose name infancy to give proper obedience has become a byword for co r to authority may well come to ruption and hooliganism. believe that he has fallen down a For here again, democracy is rabbit hole Into topsy-turvey threatened. Without doubt the land. most outstanding achievement of And when this same defiance by this particular democracy of ours a governor of a sovereign state has been the almost unbelievable is based on the idiotic prem ise strides made by organized labor that one color of skin brings its In its struggle for an equal share owner more rights and privil of the produced wealth. To lose eges than that of another, one these advances of the last half harks back to the fanatic scream century would In Itself be tragic; of "hell Hitler" and wonders whv but to lose them at the hands of we fought two world w a r s in labor itself might well be a blow order to preserve the equality of from which it would be difficult man. to recover. Undoubtedly these e v e n ts in This is why I can't get too current national history in the alarmed by the Soviet Satellite making are sufficient to cause the whizzing by miles overhead. I serious citizen to view w ith am too concerned with even more alarm the shaping pattern. For dangerous developments taking even the most illiterate and the most irresponsible know well that place right here on old t e r r a firm a and within our own bound respect for constitutional auth aries. ority and a regard for the equal Two other sim ilar businesses, the Myrtlewood shop, and the Agate shop, also have unusual bits of the Oregon coast in their establishm ents. The point w e're trying to make is that we are proud of our country. Let's be telling other people about it, and le t's be sending something back. WELCOME FISHERMEN........................................ We see a lot of happy visitors parading down Chetco a v e n u e at this time of the year. The Chetco river salmon run seems to be getting underway in good style, and It Is surprising how many people come here from many miles away. We are always happy to see them, and we welcome all the ang lers with open arm s. People are beginning to realize what a boon the tourist—and the fishermen are to a community. Good fishing friends. 'IKNfHBOnK I took 3 picture of the three bears Saturday, but there was no Goldilocks around. Herb Payne nailed the three bears up the Chetco River about six miles. However, at the time, he was hot on the track of a nice big buck and had to pass him up with a 11 the shooting at bears etc. ********* Our friend Charles Porter will be in town this week. 1 was just reading somplace where Porter has acquired the reputation as ont of the chief critics of this coun tries foreign policy In South and Central America. Not bad for a freshman legislator. BUD PISAREK Speaking of hunting, the Great White Hunter, L arry Roemnich got his buck Saturday also. How ever Larry reported that there were about five dead does in the woods, that he had heard of or seen. This would be dishearten ing to most hunters. •»*♦**•*** Which reminds me that Leo Lucas had a cow which got shot in the jaw last week. How about an eye examination for hunters? *••*•****•« John Hall has returned from Alaska, and reports t h a t th e country up there is fabulous. He said that they struck oil near where he was living, and the area is just booming. Hall got his first a ir plane ride from his son, while up there. ••*****•«« Last week was a lulu, as far as meetings go. Monday night w as the Port Commission meeting, Tuesday night the Council meet ing, Wednesday night a meeting for the Boy Scouts, Thursday nigh was a Chamber of C o m m e rc e meeting. •«•••***•• 1 wonder if It will interest the scientists to know that several hundred people In Brookings saw the moon here Monday night. With the Giants switching to San Francisco this next year, I will personally guarantee that nine tenths of Oregon will take the Giants under their wings on a fa v orite son ticket within the next couple of years. • The Kids", a lithograph done several years ago. Lithography, the oldest printing form la done by drawing with a grease crayon on a limestone. The print has been exhibited in the Walker Art Center, Minneapolis, the Milwaukee Art institute, and The Wisconsin Salon of Art. Speaking of sports, that there Mildred Byrne Is developing into ont* of Brookings leading football fans. She is either just coming back from a game at Oregon, o just on her way down to see O n gon state. **•*•••*•** Many U. S. Corporations are confronted each year with the necessity of o b t a i n i n g new m o n e y to help finance their expenditures for new plant and equipment. These expenditure! have been rising rapidly In r e cent years, from $26.8 and $2&. 7 billion in 1954 and 1955, respec tively, to a booming $35.1 billion in 1956. This heavy spending is one oi the main supports under our present high-level national eco nomy. Although the rate of In crease of business capital spen ding has slowed down from last y ear's 22% advance over 1955 it is still moving along at very high levels. The 1957 total is expected to be about $37 billion or 5 1/2% above 1956. Essentially there are three sources of plant and equipment funds: (1) depreciation charges which build up special business reserves to help replace plants and equipment as they wear out, (2) undistributed profits, which are retained and plowed-back into business enterprises, and (3) new securities issues. In tut- past five years new corporate securities issues hav> corporate securities i s s u e s have averaged almost $10 bill ion annually. The highest a- mount of new capital raised by corporations in any one year was the $10.9 billion of new securities issues in 1956. P r e sent indications are that new corporate securities issues for 1957 will probably total about $13 billion. This is an enormous sum and indicates that American industry requires fresh, outside capital to finance about one-third of its c a p i t a l expenditure program. Internally-generated cash (from depreciation accounts and undis tributed profits) will be used to underwrite the remaining two- thirds of the cost. This tremendous requirement for new capital Is one of the reasons why the money demand has been so strong and Interest rates have been rising. T he o u tlo o k for corporate financing In coming months is problematical. One view is that no substantial de c 1 i ne In the v o lu m e of corporate financing is foreseen next year. It is r e ported that backlogs of financ ing needs are being built up by corporations which have missed out in attempting to outguess rises in interest rates. Hoping to get lower Interest rate charges, these firms have postponed long term financing, using short-term bank borrowings as a temporary expedient. Interest rates have not eased, however, and banks themselves, quite short on lend able funds, are pressing their corporate custom ers to refund their short-term loans into long term stocks or bonds. A n o th e r s c h o o l of though suggests that uncertainties in the business o u t lo o k , coupled with over-capacity in many in - dustrles, narrower profit mar gins, and continued high interest rates, are going to discourage Industries from seeking new cap ital funds as their present ex pansion programs near comple tion, and as other expansion plans are stretched-out, postponed or canceled. The business scene is reviewed weekly by the Research Depart ment of J. Henry Heiser t Co.
