The Oregon statesman. (Salem, Or.) 1916-1980, February 12, 1956, Page 1, Image 1

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Stevenson
Of Oregon
By GORDON G. MACNAB
rOKTLAiND to Adlai Steven-
on all but said Saturday he would
not enter the Oregon presidential
primary campaign.
He left -the door slightly ajar
but made It clear he has no pres
ent intention of walking through
it. A candidate who enters a pri
mary race "ought to participate,"
he said, and added that the other
primaries he has entered"virtual
ly preclude" campaigning in Ore
gon. But, he said, "We haven't
reached any final conclusion."
This question of entering the
primary, presumably opposing
Sen. Estes Kefauver who also has
so far remained away from the
Oregon May 18 election, was the
first one put to him at a noon
press conference Saturday.
After arriving from California
Friday evening. Stevenson spent
his time in speech preparation and
in conferences with Democratic
Tarty leaders before the Dress rnn.
lerence.
He was here chiefly to address
the annual Jefferson-Jackson din-
Wafer-Logged Area Aims to
Raise $12,000 for Drainage
Residents of the Plymouth Drive area north of Salem decided "to
(to it alone" Saturday in efforts to solve drainage problems which
have plagued their homes and businesses for several weeks.
Some 40 property owners from the area met Saturday afternoon
1 . VJT.tiLmake.aJlw'wcck operative campaign to raise the esti
mated $12,000 needed to drain off water from the area.
mum
Abraham Lincoln was born in
Kentucky 147 voars a?n rw hoi
after humble birth in a log cabin LTl!?!inPhll,r ,or V ?
-.hi. !!. j . . . . Z4-incn drainage line from the v -With
limited opportunities for edu- cinity of North River Road and
cation grew up to become Presi- Plymouth Drive where sizable
dent of the United States, the lakes bave been formed by winter
Great Emancipator, the Savior of "'I"-' P13 "ne wouId carry the
very birthright of American youth, would be constructed.
Ridiculed in cartoons during his
life, rated "gorilla" by fastidi
ous critics, Lincoln has emerged
iu uc uiie oi me nooiesi oi our
heroes. Though the facts of his
life are pretty well known, the
man himself has become some
what . concealed under his post
humous halo. Also, he had what
today we would call a split per
sonality: a man given to moods
anl melancholy yet a man of ex
treme patience who found in humor
an outlet for his emotional ten
lions. In this day when political candi
dacies are sprouting all over the
lot it is well to recall that Abra
ham Lincoln was a politician. He
had that drive of interest in public
affairs which first showed itself '
when he became at an early age a
candidate for the state legislature.
Defeated that time, he was later
elected and served in the Illinois
legislature. He was an active poli
tician he helped to get the state
capital moved from Vandalia to
Springfield. Then he went to Con
gress; at one time sought the of
fice of commissioner of public
(Continued on editorial page 4.)
First Aidman
Loses Chance
To Sho w Skill
i-.- . u . t. ..!...!
helpless husband.
V"". Ji. j ;
Wilmer H. Page, 215 W. McGil
christ St., prepared for this mo
ment for years. Former Marion
County Red Cross first aid chair
man, he is still one of the or
ganization's leading instructor
trainers.
So what did he do when his five-year-old
daughter's finger was
found alarmingly swollen by a. cir
cular metal band she had slipped
en for a ring and could not get
off? He called .city first aidmen.
They Snipped Off the Offending
fnetal and Elizabeth Pages finger uon on farm legislation, the del
has returned to normal, her mother egaleii after , ho,,,., JonJ hMt.
reported Saturday night. ed debatei (inauy tailed around
I could have done it myself If
I had a metal snippers," Page
t aid apologetically.
Today's Statssr.sn
; Sec. Peg
Classified II ... 9-11
' Comes tha Dawn .. I 4
Comics III 14
Crossword . II . 7
Editorials I 4
Garden ., II..I-. 4
Homo Panorama II ..... 1-5
Obituaries I I
Our Valley ll 7
Radio, TV IL
Sports I...
.4,7
- 7
afar uaior 11...
Vallty n:.
Wirtphoto Pago It...-.
SECTIONS - 32 PAGES
Virtually
Primary
mer. a $23 a date affair Hp M
he accepted this for two purposes:
to five what help he could to the
ADLAI STEVENSON
la Oregon to Back Morse
The decision came after many
expressed fears that the continued
surface flooding would be hazard
ous to health, and that efforts to
form a drainage or sanitary dis
trict would postpone any definite
action for possibly two or three
years.
Canvas Owaera
A committee of six residents nn
both sides of North River Road in
the area will lay plans for can
vassing of all property owners for
funds- Several in attendance at the
meeting Saturday pledged $."i00 to
the project, and one man said he
would contribute $1,000.
Chairman Named
j Temporary chairman Saturday
was Robert Smith, resident of the
Arm U'hn la an ittrA it:.
Title Insurance Co. Smith
ex
plained the alternatives of .forma
tion of a drainage district or the
volunteer method.
Efforts towards formation of a
sanitary district for all the Keizer
District were reviewed but dis
carded as taking too long.
Named to serve on the working
committee with Smith were John
Majeski, Lloyd Weeks, Harvey
Myskens, Merrill A. Groat and E.
A. Haugstad.
Blizzards Grip
West Eft
trope
liismnM ni;. .-...j
( )J
r s
f
Western EuroDe Saturday Thpviable m case ot lhe r'i!ht decision.
sent four ships aground and
brought fresh terrors to the dis
astrous two-week freeze-up. he
death toll mounted to 269.
Two Royal Air Force helicopters
swooped out of the snows to rescue
10 British seamen clinging to the
side of their grounded tugboat, the
592-ton Rumania. ;
Snow packed into Ice on streets
in Milan, Northern Italy, and para-1
lyzed practically all traffic. Army!
units went out to free snowbound
trains in Tuscany, Northeast Italy.
Meatmarkct workers In Montpel-
tier, jwutnern rrancc. warmed up
by ducking into their refrigerators.
Farmers Union Rejects Outright
Support of Morse After Debate
By LILLIE L. MADSE.N
Farm Editor, The Statesman
While the Oregon State Farm
ers tTnlnn Saturday voted innmu.
.I ftf Senator Wivne Mnrm'i ....
.outright endorsement of his can-
didacy for re-election.
Had approval of the candidacy
been . given before closing date
for filing for other candidates, it
would have been an unprecedent
ed action for the Oregon Farm
Union, members stated at the
close of the 46th annual conven
tion, Saturday night
The approval, however, of his
(arm program, was won by Morse
supporters only after a verbal
batfle during which motions were
passed, recalled, reconsidered,
, t I . . . . . . .. -l.vma.jn wi ilHUUI. I 111a muiiun
bL?!f JT'W. med over opposition
in debate that necessitated num
erous calls for order by President
Harley Ltbby.
During the first business ses
nion, following the Senator's
speech, which drew a much larg
er than normal closing day au
dience, a resolution wis present
PCUNDHD .31
The Oregon Statesman,
Bows Out
Campaign
rJ.il
"campaign of Sen.
, Wayne Morse and to raise money
for the party.
party.
He. spoke of Morse as "a na
tional symbol ... of the means
and methods by which we can bet
ter serve the needs of all the
people of this country
In both his speech and his con
ference he said he believes in 90
per cent of parity for basic farm
crops.
In other references to affairs in
which there is especial Oregon in
terest, he said that the basic dif-
iference between Democratic and
Republican philosophy on power
development and the handling of
other natural resources is this:
"The Republican approach is to
assume that the centrally impor
tant thing is to promote business
. . . The Democratic approach is
In aclr five U U .
v tun nuai numan neeu IS
to oe servea
Before leaving Tuesday for Seat
tle wnere he is scheduled for an.
other address, Stevenson exuect
to rest at Timberline Lodge. (Ad
ditional story, sec. 1, page J.)
Washington
Jurist Tells of
Bribe Mystery
OLYMPIA 11 A bizarre de
livery of $300 to the chief justice
of the State Supreme Court, with
an offer of $4,500 more if the court
made a certain decision in a Seattle
case, was disclosed here Saturday.
An immediate investication
! ,aunche Thurston County Pros-
" 'www n. nenry, wno called
it "a phoney deal." '
Chief Justice Frederick G. Ham
ley said the money and letter were
delivered by s messenger while he
was in conference with four as
sociate justices. The name on the
letter was typewritten. There was
no written signature, ,
Doubts Validity
Henry said the name was not
that of any person linked with the
case before the court and it did
not appear in the directories of
Seattle, Tacoma or Olympia. The
prosecutor expressed the opinion
it was fictitious.
Chief Justice Hamley, describing
it as "a vile and stupid thing," ex.
presed the opinion it might be a
money offer with reverse intent.
Reverse Twist
"It might not be meant to influ
ence our decision in the way set
forth in the letter, but rather to
prejudice and incense the court so
that its decision would be the other
way," the chief justice said. "In
either event, it was an improper
attempt to influence the court." I
Prosecutor Henry added that it
might have been an attempt to
"Dut the court nn (h nni" . n.ineifer io display me nag ioiay
decision would be open to susmcion
... r I
no matter which way it went
The chief justice emphasized that
the members of the court had
reached their decision in the case
previously and the opinion had been I
writtpn nlrpaHu hv lha faiciia n
whom it had been assigned.
. - - j j ...v ju.iv .v j
The case was not identified.
Most of the $300 was in $20 bills.
The letter said the money was for
the judges' campaign fund, and
the added $4,500 would be avail
Young Driver,
13, Hits Pole
car driven by a 13-year-old .
Salem girl was more than slightly j
damaged in a collision Saturday
morning wun a leiepnone pole 1
at 14th and Mill Streets, police
said.
Neither the driver nor her two
14-year-old passengers, both girls,
were injured in the crash caused
by her failure to straiehtcn the f
wheels after a turn, police said.
ed by John Plaas, resolution
chairman, asking for endorse
ment of the senator's candidacy.
Almost before Plaas had com
pleted reading the resolution, a
dozen Farmers Union delegates
were asking for the floor, some
to approve and others to disap
prove. Favoring it were ardent
Morse personal supporters, while
opposing it were those who
claimed they were "100 per cent
for Morse" but felt "it might
harm our organization to take a
political stand." Still others, not
stating their political views, op
posed the- motion strongly, bas
ing their opposition on "This has
no place in Farmers Union."
Debated almost as lengthily
and heatedly was a recommenda
tion carrying "opposition to
liquor traffic snd pernicious ad
vertising of liquor." This motion
that claimed it "takes a stand
against the barley snd hop men,"
and "actually is a matter of re
ligion." , Strongest opposition to this
recommendation was voiced by
Joe Bernt, Mt. Angel, who was
later elected, by a big majority,
Salem, Oregon, Sunday, Ftbrvary
Old Glory
i ' ..
1 ; ; ' '
! ... ' . "'"')
r' -- YVy -i.
The VS. Flag will fly today in honor of the birthday of Abraham Lincoln, but all Marion County
sixth graders like Melven Doney f Salem's Richmond School know that iti appropriate to fly the
flag every day of the year. Here Melven, with his ex-Marine father Herman Doney prepare to fir
the flag in a bracket at their home at 190 N. 24th St. All Marlon County youngsters in the
sixth grade were tested last week on their knowledge of the flag code in a county-wide contest,
sponsored by the American Legion Auxiliaries. (Statesman Photo.)
What Do Flag's Colors Stand
For? Ask Any Sixth Grader
By THOMAS G. WRIGHT JR. I All the results will be graded the sixth grade as a result of the
Staff Writer, The Statesman this week, and if past results are Legion Auxiliary's activity.
Iff not enough to know how an mdex, more than half the sixth Correct Display
many red stripes there are in the graders in the county will havej As for displaying the flag today
U. , S. Flag. You have to know perfect scores on a test which or tomorrow, its perfectly correct
i 1 . mm . t..k!l. 41 L I I . i .....
on . Lincoln'' birtnday or Monday.
1.; V. id k im th Innnl knlUni. n n .1 I
" '" " " 11 rai ""y, onu
,U the Pedes complete with com-
mas to keep up witn Marion Coun-
lys s""n grade voun8sters- Ha knowledge at half staff,
Last week in every sixth grade .Lose Points
classroom in the countv. DUdIIs' Most PonH Amrrlcan oHn1l triwui
i ' . .
were given me annual nag coae
test as part of a competition in
patriotism sponsored by the Amer
ican Legion Auxiliaries.
The Weather
M. Mia. ' fm
alrm 41 41 n
Portland SO 37 .17
Baker J - ' SI .04
Medford SI 2 ,oo
North Bend ... 49 3S - .40
Howhurf SI 3:i trace
San Franc-lico 59 37 .00
chio . a m m
NT ?or. , " M
SfW,
bureau. McNiry field. Salem):
moniiy ciouay inaay, ionint ana
Monday with a few rain ihowera.
High today 41 to SO and low tonight
31 to 40.
Temperature at 11:01 a.m. today
wai 4.
SALEM PRECIPITATION
in- surt of wthr Yr Sept. l
I This Year
LaM Year
Normal
42.10
19.73
2o 14
to the executive board of the
state organization.
Those urging the passage of
the recommendation, stated they
were not opposing the industry,
but objecting to the advertising.
Harley Libby, Jefferson, was
returned as president, and Dew
ey Cummins was re-elected "ice
president Darrell Shepherd,
young Farmers. Union member
from Scio, won out over incumb
ent Richard Moeller of Hillsboro
in a closely contested election.
Bernt replaces Eldon Emerson,
Clackamas County, who was not
a candidate for re-election. Shep
herd and Bernt were elected as
mem rers 01 the executive board.
Junior offirera .it.rf
President, Mary Ellen
Hillsboro: vm nrftirUnt n,i
Cunningham, Scio. secret.
lr..,.r.r c,. iu .. '.
w ""isun, ociu
reporter, Sandra Johnson.-also of
c: ... '
in. l
The three day convention
closed Saturday night with the
Oregbn . Juniors' banquet at
which Mrs. Flossie Harris, Den
ver, national director of Junior
activities, wss the speaker. (Ad
ditional details, Sec. 1, Page 8).
12, 1954
Honors Abe Lincoln Today
1 . f V i w i 1
1 ?;yv!
"...
,' i-nma-nge uie unowieogc oi
most patriotic adult.
I. t ... 1L n .1 i " . I i
m iau, mc oumnitin inea out
the tests on several Salem resi-
dents and caught them with their
, o ............ wuua.
me pledge to the nag, but when
comes to getting the commas in
me rignt places they lose points
to the youngsters who must know
to get, their schools into the run
ning for prizes contributed by the
sponsors.
A typical question is this one
which appears in the test for
City, county and state offices
will be elated Monday In ob
servance of Abraham Lincoln's
birthday which falls today.
Since It Is a state and not a
national holiday, the city libra
ry, banks aid pott office will
fa a e lie a as ntual. Public
schools will be Idle Monday
but because af teachers' inserv
Ice training sessions. Catholic
schools will hold classes.
county area pupils: The colors of
the Hag represent: Red
White Blue . We'll ad
mit we had to go to the test key
to discover that valor, purity and
loyalty are the correct fill-in words.
Flag Day Asked " " "
A question in the test for Salem
youngsters asked simply the date
of Flag Day, an easy one for the
sixth traders, but a sumrUine
stumper for most of the adults''
queried. If you don't know, its
June 14 because that's the day in
1777 when Congress first author
ized the U. S. Flag.
And would you say it was true
or false that the flag is 1.9 times:
as tong as n u wiaer 11 would ;
cost the sixth grader one point
u he said it was false; But not
a single adult including a profes
sional soldier, a fellow newspaper
man, a county official and a busi
nessman knew for sure that it was
true.
Five Dlvlsleas
County schools are divided into
five divisions on . an enrollment
ha.i. fne th. ei.'d . 1'
t.nn. f,vr rw .t-varH. a
winning result is S7 tr cnt n
.w-
me uu iini irsi wnicn means
most ot the kid. in an
"..
sixw graoe class must have a per-
f... c-u j li ,
ii n."" .T. '"r
an uciuw uiv v prr rem man.
Honors due the flag and facts
about it and the national anthem
are part of the classroom work for
ill Marion County children, but
emphasis is placed an details in
lo ao it Doth days between sun-
Irise and sunset, and as a matter
11 1 fnn. .......... J .. I ...
ui " cmj uay oi me year.
Special care should be taken to
,e that the flag is displayed on
iwlal Hn. lit. flol-. ki,ii.J
day Mh-a-cluaUnd
And that tar tnanalot kann:" " H""1 " "" ""
1 At' . ,
it!""a "u si wnne
onI,s
O long may it wave. . ,
Chicago Under
Foot of Snow
By THE ASSOCIATED PRESS
A driving snowstorm, taking of
ficial forecasters by surprise,
clamped a miserable hold on Chi
cago and other areas around the
southern tip of Lake Michigan Sat
urday. Travel in the nation's second
largest city was seriously crippled
by accumulations of up to a foot.
Two of the metropolitan area's
five airports were closed.
At least two deaths in the Chi
cago area were attributed to the
all-day storm, which diminished at
nightfall.
The snow belt extended around
the tip of Lake Michigan into north
ern Indiana and the southernmost
portions of Lower Michigan.
Neubcrgcr's Debate Plan
Rejected by Rep. Ellsworth
wicmvr.Tnu 4 ,..t
bv Sen. Neuberser (D-Orei lhat
they debate the Al Sarena mining
patent controversy in Oregon this
fall was rejected Saturday by Rep.
Ellsworth (R-Ore).
Ellsworth said, however, he Is
willing to debate either Neuberger
or Sen. Morse (D-Ore) on his bill
for Joint local-federal construction
of Green Peter and Cougar dams
in Oregon. The senators oppose the
bill.
. twwora, maun public Dotn
wrtlt At. a a a
coumr proposal, wrote.
"I am ready and willing to go
on ha D ! nrm wild vnii Mk
, .7
'y. ' that'Sen. Morse
" wwr ?tm"ta
tot vour no nt of view twauu ha
i lh mora nn,rl.i .,L..n..
is a candidate for rWtInn alut I
. , :r. . : .
imaunc i min oe nas greater
background of knowledge on the
subject."
The Sarena matter Involves the
grant bjr tha Interior Depailoeat
Top:
.easi
Quit Congress
Solon Stays in Governor Race; Sees
Little Chance District to Elect Demo
By WENDELL WEBB
Managing Editor, The Statesman
Congressman Walter Norblad won't be sidetracked in
his determination to run for governor of Oregon.
The 48-year-old Republican representative, reached hv
The Associated Press in Klamath Falls late Saturday, said h
was not perturbed by National Committeewoman Olive Cor
nett's protest against his abandoning the seat in the hous
he has held for 10 years.
"It will not deter me from my
decision to run for governor of
Oregon," Norblad declared. Re
cardine fear that his move might
result in a Democrat winning his '
house seat, Norblad said:
"That is almost impossible. My
district (Northwest Oregon ex
cluding Portland) has been Re
publican since 1907.'.' He added
that he felt his experience in
Washington would be of marked
value as governor ' because oi me
interchange" in state and fed
eral affairs.
Norblad's father, A. W. nor
blad, was governor of Oregon
1929-31.
The orotest against Korblad's
leaving Congress was joined Sat
urday by GOP stalwarts such as
SDeaker of the House Edward
Geary, Sen. John Merrifleld and
Reps. Loran Stewart ana Leon
Davis. None reflected on Nor
hiad'i stature as Dotential gub
ernatorial material, however, and
the incident closing highlight ot
the buzzingest political week Ore
gon has had in years appeared
to portend no party cleavage.
More buzzinf was expectable
today, too, at a -meeting ot the
state , Democratic Central Com
mittee in Portland, and little sur
cease in political speculation was
in prospect betore tilings ciose,
March 9. .
(Additional details page 3, sec. 1)
Stone-Hurling
Demonstration
Greets Mollet
PARIS m - Premier Guy Mol
let returned Saturday night from
rebellion-torn Algeria and found a
stone-throwing demonstration in
progress against any French con
cessions to Arab Nationalism.
About 1.000. demonstrators, most
of them of student age but includ
ing many French Indochlnese war
veterans, scuffled with police on
the busy Champs Elysees. At least
100 demonstrators were arrested.
Immediately upon his arrival
Mollet called a cabinet meeting to
report on his findings in Algeria
and offer his ideas for halting vi
olence by Arabs demanding self
rule. The 15-month-old Algerian re
volt already has taken hundreds,
if not thousands, of lives.
Mollet, whose experience In Al
geria Included a shower of rotten
tomatoes from angry French col
onials opposing Arab concessions,
was conferring with French Presi
dent Rene Coty only a few blocks
! from the scene of Saturday night's
'demonstration.
ne nuung uemonsirtiiiH i, uc-
1! "
windows in the office of L Express.
This is the newspaper identified
with former Premier Pierre Men
des France, state minister in Mot
let's cabinet and with him a lead
er in the left-of-center Republican
Front morrnent.
To much of the French public,
Mollet and Mendes-France repre
sent a policy of reaching agree
ment with North African National
ism through compromise.
Mollet spent the week in Algiers
and other Algerian cities talking
with European and Arab leaders in
search of a solution to the costly
guerrilla rebellion.
Rain Showers on
Today's Forecast
The U. S. Weather Bureau
at
McNary Field recorded .25 of an
inch of rain Saturday and more
rain showers are forecast for to
day. '
Little change is expected In tem
perature readings today and Mon
day. High today Is forecast to
range near W while tonight's low
is expected to drop to around 40.
of IS mining patents to AI Sarena
Mines, Inc., on claims in the Rogue
River National Forest. The matter
recently has been under investiga
tion by a House-Senate committee.
Democrats, Including Neuberger.
have been critical of the pant.
They say the company wanted the
property more for the timber on
it than for mining.
Republicans contend, however,
that the department was bound by
mining law to grant the patents
and that Democrats merely are
his own Uni t "smear" the administration.
"2
",M r""""K v"i.iuiuun m
ureen Peter and Con ear dama IliU All f in I.M
.1!??' r : IT.' J.03. a,lMW All liO 10 Jail
Morse said at Salem Sanirdav
10. oale" oamraay.
.... iui iim.uaaiun,
Pct U be debating Mr. Ells-
worth all through the campaign cn
his partnership giveaway plan in
his Green Peter -Cougar Dam bill.
If he wishes, 1 shall be glad to
debate the issue with him at any
- ...... -.-
Disgusted Mother
Sentences Son
To 90 Days in Jail
CLEVELAND Ift-The moth
er did not Implore the judge
to be lenient with her sen,
Cearge Broekel. 41. wk was
charged with Intoxication.
In fact, the mother, Mrs.
Lillian Hurley, rebuked her son
far drinking aad neglecting kls
three children.
"You're his mother," said
Municipal Judge Anthony A.
RutkewskL "Yen sentence him."
She said N days "to get H out
of his system," and the Judge
affirmed the sentence.
Eisenhower
Undergoing
Medical Tests
WASHINGTON ( -President
Eisenhower spent 70 minutes Sat
urday at the Array's Walter Reed
Hospital where physicians com
pleted a new series of medical
tests on him.
The results, to be announced in
three or four days, could be a big
factor in whether he seeks reelec
tion. James C. Hagcrty, White House
press secretary, announced after
the hospital visit that a team of
top flight doctors had completed
medical tests which included
X-rays, fluoroscopic studies, a
blood chemistry analysis, and
cardiogram tracing heart perform
ance and repair of heart damago
since Eisenhower's attack last
On Tuesday the doctors will get
together for consultations based
on results of the medical tarta.
They will make public their find-
tngs either that same day or
Wednesday morning.
Senate 'Bribe'
Linked With
Oil Firm Boss
WASHINGTON I - The $2,500
cash "campaign donation" reject
ed by Sea. Francis Case (R-SD)
at the height of the hot Tight over
the natural gas bill came from
the president of an oil and gat
company. Senate investigators
learned Saturday.
But Howard B. Keck, president
of Superior Oil Co., of California,
swore he never knew the money
was offered to Case until the Sen-:
a tor arose in the Senate Feb. S
and announced he was turning it
down.
Elmer Patman, an Austin, Tex.,
lawyer for Superior Oil, testified
ho happened to have some "per
sonal funds" belonging to Keck,
and used them to make the $2,500
contribution. He turned the money
over to John M. Neff, lawyer-lobbyist.
Case told the Senate the contri
bution made him suspect there
must be "extraordinary profits" for
somebody in the bill, which would
exempt natural gas producers from
direct federal regulation. He voted
against the bill Monday, but it
passed the Senate and is now on
President Eisenhower's desk.
(Additional details sec. 1, page
10.)
Ford Stock
Suffers Loss
NEW YORK I - Nearly 4t mil.
lion dollars has been wiped from
the market valuation of the new
Ford Motor Co. common stock
since it was first offered to the
public less than a month ago.
The 10,200.000 shares were sold
at $64.50 each for a total of $637.
900,000. At the end of this week
they were quoted in the over tha
counter market at around $60
apiece for a paper loss of $45,900.
000. The shares are due to be listed
on the New York stock exchange
around March 1.
.Wall Streeters were agreed that
the recent decline in quotations
could be attributed to unfortunate
timing. The shares were sold, they
said, at a time when autc makers
were cutting back production.
' Snak. EIfIhant..
' '
ROCK FALLS. 111. li Rock
Falls has a police department with
a sense ot humor.
For Its over-imbibing guests, the
department has decorated walls of
the city Jail with colorful flying
Pnk elephants, coiled green snakes
sad black baU.