EioctielMiM
UNI COUxflf HOMI
et-Buatft
AN INDEPENDENT NEWSPAPER
ALTON F. BAKER, Publisher, 1927-1961
ALTON F. BAKER JR.
Editor and Publisher
EDWIN M. BAKER
General Manager
RICHARD A. BAKER
Managing Editor
ROBERT B. FRAZIER
Associate Editor
A. H. CURREY
Associate Editor
The Register-Guard's policy U the complete and
impartial publication in its news pages of all
news and statements on news. On this page, the
editors of the Register-Guard offer their opinions
on events of the day and matters of importance
to the community, endeavoring to be candid but
fair and helpful in the development of construc
tive community policy. A newspaper is a
CITIZEN OF ITS COMMUNITY.
Published every evening and Sunday morning
by the Guard Publishing Co.
6A
EUGENE, OREGON, SATURDAY, APRIL 21, 1962
Hospital Plans Do Involve Public Interest
Would the establishment of another
major hospital in Eugene benefit the
community?
That question cannot be quickly or
easily answered. Events of the past two
weeks indicate that there may not be
enough time to study half of its impli
cations before construction begins on a
new 100-bed hospital. But enough has
been laid bare, even so, to indicate that
it is a pertinent question.
At first blush, it might seem that if
some group of investors wants to build
a new hospital here, that's their business,
and theirs alone. And that's about the
way it will probably turn out, since no
one has a legal right to butt in. Yet, there
are strong indications that overall inter
ests of Eugene area residents could be
adversely affected by the plans a group
of Californians have for constructing a
hospital here this summer.
As the chairman of the Oregon State
Board of Health has explained to the
Register-Guard, problems of providing
hospital care of increasingly high quality
to increasingly larger populations are
causing a lot of discussion across the
nation. One fact recognized by many
authorities is that provision' of suitable
hospital physical plants amounts to only
a bare beginning toward the solution of
these problems. Where the medical and
technical staffs needed to operate more
hospitals will come from is a question
which cannot be considered apart from
that of how to meet construction needs.
There already are hundreds of openings
for supervising nurses because they are
In short supply. To varying degrees, the
same is true of other types of specially
trained medical workers.
In Eugene's case, the entire spectrum
of medical care has been brighter than it
has been in many other cities in recent
years, largely because Sacred Heart Gen
eral Hospital has been developed and
operated as a major and an exemplary
medical institution. Nurses, medical
technicians and interning physicians
have been regularly trained at Sacred
Heart, and many of them have stayed to
follow their careers in this community.
And well-trained physicians and sur
geons have been attracted here to estab
lish practice because of the excellence
of this hospital.
Sacred Heart has been built to suf
ficient size that it can, and does, keep
adding important equipment, life-saving
devices, many of them, which smaller
institutions cannot ordinarily afford. In
recent months, Sacred Heart has been
laying the groundwork for further ex
pansion and improvements which would
again upgrade the quality of care avail
able to Eugene area residents. Many pa
tients are sent here from other com
munities where like facilities have not
yet been developed. Thus, the Import
ance of all this extends even beyond the
Eugene area.
As a non-profit institution, Sacred
Heart is in the hospital "business" only
in the sense that it is operated to serve
the needs of its patients in the most ef
fective manner it can. As a non-profit
institution, Sacred Heart is obligated to
take welfare patients, out-and-out charity
cases and many persons whom privately
operated hospitals could turn away as
poor credit risks.
If construction begins on another
hospital here prior to July 1, it is cer
tain that Sacred Heart will lose federal
aid funds which it otherwise could use
to help finance its next expansion. The
law under which such funds are allo
cated directs that they must go to com
munities with the greatest needs not
necessarily those where they would be
most effectively utilized.
Again, it cannot be maintained that
Sacred Heart has a prior right to this
hospital service area, to the exclusion of
any new hospital. But, certainly, there
are possible effects medical, economic
and moral which should be considered
by those proposing a new hospital here,
and by all residents of the Eugene area.
ft ft ft
Conventions
Oregon Democrats, even more than
Oregon Republicans, are all split up.
And it's largely because of these pre
primary conventions in which power
groups within the parties seek to have
it appear that some candidates are "in"
and some "out." The "outs" have been
objecting, as well they might.
Political conventions are tine, up to
a point. They serve admirably if they
are called to give the precinct worker
and ordinary voter a chance to be heard
on issues. In this way, they help the
public form an idea about the true na
ture of party thinking. Without such
meetings, the voter is too likely to see
the image of the whole party as the
image of one or two candidates.
But these conventions are not so
fine if they enable a few strong members
to freeze out primary candidates who
may not be in tune with the leaders. The
strength of an American political party
Is not in its slavish adherence to a line,
but in its willingness to alter its posi
tion as the occasion warrants. This fer
ment, this mind changing, is what makes
a party dynamic. Anything that frus
trates it is bad for the party, in the long
run, no matter how comfortable it may
make life for the leaders right now.
The philosophy of Oregon's free and
easy primary system is that anybody can
run. Of course we get some self-starters,
some unknowns on the ballot. What's
wrong with that? The most famous man
wasn't always famous. This system gives
the ambitious and worthy a chines.
There is no row in Ortfuei tern "offi
cial" slates of candidate bifort i yri
mary election. Only the otir, on elec
tion day, should hive tfee yinr to niie
a slate officbtb
In th oioie, 9ton 0 ftao 9e
scries of coats end vsfs, Be hs poclcts,
nothing to use them for. In shirt sleeve
weather,he has no place for his sun
glassfi. ' Q
ft ft
ROTC Proposal
Military training will no longer be
compulsory on Oregon campuses after
this year. It took some doing, however,
to get the compulsory feature of the pro
gram, the first two years, made volun
tary. Opponents of the change held out
for the time-tested way. Now, however,
the Army itself is proposing a change.
Under this proposal, ROTC training
would begin in the summer between
the sophomore and junior years of col
lege. Cadets would spend four weeks at
a training camp. Then they'd take an
ROTC course as juniors, spend eight
weeks in camp the next summer, and
return for the senior year in ROTC and
eventual reserve commissions. This dif
fers from the present system in that the
four-week camp replaces the first two
years of training.
Now, the first two years of training
cover such things as drill, elementary
weapons training, military courtesy, and
basic military skills. One of the purposes
of the two-year program is to separate
the sheep from the goats, to decide
which young men are likely reserve ma
terial. These things, the Army feels,
could be taken care of at a summer
camp just as well as on Thursday after
noons during the year.
The proposal is an optional one. It
may not be better than the present sys
tem. But just as good. The point is that
there is no special virtue in an old sys
tem just because it is old.
Too Late Now
Among the things we wouldn't know
if we didn't read the Wall Street Journal
is that there is now on the market ij
long-play recortl entitled" "Getting Info
College Today." It runs for 50 minutes,
and gives lhe woulfl-Yjc collegian advice
on such things as making a good impres
sion on the director of adjjussiBns.
0 Ectn better oilvice woufel ljp to learn
to read ifTth elementary and secondary
grades so that one doesn't feme to take
his counsel from a phonogtatSi record.
CQ Quiz
How About
Secretary
Of State?
From
Congressional Quarterly
The Secretary of State is the
top-ranking Cabinet member
and is in line to the presidency.
This quiz tests your knowledge
of the secretaries of state.
Q Current Secretary of State
Dean Rusk is the 55th man to
fill that post. The first secre
tary of State was (a) Aaron
Burr; (b) Thomas Jefferson;
(c) Alexander Hamilton?
A (b). Robert R. Livingston,
however, was the first secretary
of foreign affairs under the
Continental Congress before the
Department of State was cre
ated. . Q All but one of the follow
ing presidents were formerly
secretaries of state: (a) Thomas
Jefferson; (b) James Madison;
(c) James Monroe; (d) John
Quincy Adams; (e) Martin Van
Buren; (f) James Buchanan;
(g) Benjamin Harrison. Which
is out of place?
A (g). The other six were
the only presidents to serve as
secretary of state.
Q John Foster Dulles was
secretary of state for six years,
second in length of service only
to William H. Seward, who
served eight years. Seward was
secretary of state for (a) Abra
ham Lincoln; (b) Grover Cleve
land; (c) Andrew Johnson?
A (a) and (e). Seward is
noted for his purchase of Alaska
from Russia for $7.2 million.
Alaska was then named "Sew
ard's Folly," since the purchase
was considered, at that time, to
have been a bad deal.
Q Only one secretary of
state in recent years also served
on the Supreme Court. He was
(a) Edward R. Stettinius Jr.;
(b) Cordell Hull; (c) James F.
Byrnes?
A (c). Byrnes was secretary
of state from 1945 to 1947 and
associate justice from 1941 to
1942. He also served as senator,
representative and governor of
South Carolina.
Copyright, 1962,
Congressional Quarterly, Inc.
P
t
Political Candidates' Mailbag
Study Proposal
S
I
Debates Wanted
EUGENE (To the Editor)
As campaign manager for Wal
ter J. Pearson, Democratic can
didate for governor, I feel com
pelled to state my views con
cerning the responsibility of the
Democratic gubernatorial candi
dates to the registered Demo
crats in Lane County as well as
the rest of the state.
Mr. and Mrs. Democrat, you
know we must compare these
primary candidates their
strengths and weaknesses in
order to get the best man for
the job. Sure, we can take pot
shots at Mr. Hatfield, and we
should, but let's also remember
that there are definite differ
ences in ability and views be
tween Senator Pearson and Attorney-General
Bob Thornton,
as there are between any two
individuals. We can have a good
fighting primary campaign
which will awaken a lot of dis
interested voters; however, Mr.
Thornton states that he is only
going to run against Mr. Hat
field and not Senator Pearson,
in the primary.
Remember, mature individu
als can have a good lively dis
agreement on their views, ex
perience and qualifications for
governor without attacking each
other in a vicious way. Walter
J. Pearson wants a debate with
Mr. Thornton on their respec
tive views and qualifications for
governor, and will show you, the
voter, where he stands on the
issues. Senator Pearson knows
that this is his duty, to appeal
to the best that is in people, and
that he must give them enough
facts about himself and Mr.
Thornton to make an intelligent
decision.
I know how difficult it is for
the honest open-minded voter to
get enough facts about a man to
cast a vote. Therefore it is the
duty of these candidates to pro
vide the voter with these facts.
Mr. Thornton won't debate or
fight, but Walter Pearson will,
and he will continue to show
the differences between himself
and Thornton.
Senator Pearson is presenting
the facts to the voters in the
finest political tradition of John
Kennedy and Adlai Stevenson.
Can we ask for more?
EUGENE R. KISER
Executive Secretary,
Walter Pearson for Governor
881 Oak St.
Medical Case
EUGENE (To the Editor)
Approximately 10 per cent only
of older people eligible for
medical assistance under the
Kerr-Mills Act in Oregon are
taking advantage of this pro
gram. In my judgment, the fact
that the figure is so low proves
the basic defects of the Kerr
Mills Bill. To take advantage of
this aid, people must place
themselves on the welfare rolls
and sign a "prior lien" claim
which, in effect, places a mort
gage on their small estate.
Older people are proud. They
have been self-supporting all
their lives; they have paid their
taxes; they have sent their chil
dren through school; and they
don't like to spend their last
few years relying on welfare or
mortgaging their home.
The King-Anderson Bill, put
ting medical care under Social
Security where it belongs and
approaching this basic social
problem from an insurance .
point rather than welfare, is the
only adequate and decent solu
tion, in my opinion.
For approximately $1 a month
a worker can insure his future
medical care needs and can, at
the same time, provide for the
medical care of his parents.
This relieves him of two heavy
responsibilities.
The administration of the So
cial Security program has
proved extremely efficient and,
after 25 years of change and
improvement, offers the most
economical way to administer
this vast health care program.
It is estimated that only 2 per
cent of the benefits disbursed
would be consumed in adminis
trative costs through this effi
cient system. On the other
hand, the Kerr-Mills Bill in
volves a whopping 8 per cent
administrative costs.
I saw a release in the paper
the other day saying that the
Kerr-Mills Bill's administrative
costs in Oregon were larger
than the benefits paid out. The
administrative costs were $121,
000, and the benefits paid out
were $113,000; this is terrible.
It is no surprise to those of us
who felt that a welfare approach
was wrong and medical care
should be handled on an insur
ance approach under the effici
ent Social Security system.
ROBERT W. STRAUB
Rt 4, Box 111
i In the Editor's Mailbag
Library Opposed
rJ1
SPRINGFIELD (To the Edit
or) Read the letter about Vera
Hansen's heart breaking over
the county library. Well, I
would like to ask her does she
and other Democratic officials
lie awake nights thinking up
more ways to squander money?
Every school has a library, and
every town, so why waste money
for a county library? It was bad
enough to squander money for
a bookmobile, and do not get
ideas we 'do not read. We cer
tainly do, from the stacks of
books we get at our city library
most every week.
When folks get too lazy to go
get their books, it's a crime.
Most everyone of adult age that
lives in the country has a car,
and someone that drives, so
country folks can go to a li
brary same as the city folks
when they go shopping for gro
ceries, etc., and if Johnny can't
read just look at his parents and
teachers to find the reason. I
do not know if all our first
grade classes are taught phon
ics, but they certainly should
be. That is one of the most im
portant things to be taught in
a first grade. No, I am not a
teacher, but have some in my
large family.
You know our Democratic
party is becoming more "social
istic dictatorial" every day, and
that is only a thin line from the
so-called communism, and
people that love their freedom
and liberties had better wake
up, and fast.
I have been registered a Dem
ocrat for many years, but never
voted a straight ticket, as I
think we need to look into the
background of our officials. We
need to vote down some of
these brainstorms of our social
istic people and show them we
mean business.
DELLA McCLUSKEY
2440 G St.
in which I am engaged is non
partisan.' "The chairman of my commit
tee, who is dean of the Oregon
Bar, Mr. Bardi Skulason, is a
life-long Republican. My page in
the Voters' Pamphlet carefully
eschews mention of my party
affiliation, as does my campaign
announcement carried in the
Oregonian.
"Mr. Shoemaker's story cor
rectly mentions my former criti
cism of the suggestion made re
cently by Democratic party offi
cials urging the entrance of
Democratic attorneys into judi
cial contests. I likewise public
ly stated my belief Governor
Hatfield's judicial appointments
were excellent and free from
partisan bias."
As a journalist you are, of
course, aware that the truth sel
dom catches up with misstate
ment of fact and I am sure were
you aware of the unintended
misinterpretation of my remarks
your editorial comment on my
campaign would reflect a differ
ent attitude.
I wish to thank you in ad
vance for permitting me to pre
sent the facts as I know them
to be.
THOMAS R. MAHONEY
510 Oregon Bank Bldg.
Boat Parade
VIDA (To the Editor) Now
that another White Water Boat
Parade has passed into history
it seems to me to be a good
time to do some evaluating.
This parade was a far cry
from the original one many
years ago that I was fortunate
enough to be a guest at. This
original parade was just for the
guides and their wives, and it
was a full day trip from Belk
nap Springs to Blue River, with
a noon stop-over at what is now
the McKemie Bridge Recrea
tion Area. I like to think that it
was the guides' (and incidental
ly husbands') way of saying
"thank you" to their wives (and
incidentally car drivers) for
the many hours they would
spend during the fishing season,
wailing at some of the take-out
places for the boats with their
fishermen to come in.
After it became a public af
fair, we saw the advent of many
local folks who had boats. This
soon included anyone from Eu
gene or the surrounding area
that had a boat and the courage
to run the White Water, and I
might add that many tried it in
boats that were no more suit
able to this water then, than
thy are today.
We have watched this same
parade grow from year to year
to include first kayaks, ihen
orjny attitude toward our none canoes, rubber boats, skin div-
'partisan jSjJiciary system. ers.e inner tubes, prams, and
"It is my recollection. recol- then this year a Aft and
lection corroborated by others piceons!
.O atVsndance that I stated 'IF t Thero were two things atjout
I were running on i partisan this year's parade that bothered
ticket I would be proud to carry me especially, and they were
the word Democrat In letters the big curarsome raft, and
two feet high, but that the race the four boau with banners fly
ing, urging everyone to sign the
petitions to make steclhead a
game fish. To me, neither has
any place in a parade of this
sort that is held for fun, in an
ticipation of the opening of
fishing season.
Rafts such as the one I men
tioned are a definite hazard to
the other boats, but especially
to the youngsters that ride the
rubber boats, and the skin div
ers who are always bobbing up
in unexpected places. I am sure
that no one wants to see this
annual event turn into a free-for-all
for any group who may
have an axe to grind, and can't
pass up the chance to air it in
front of the crowds that line
the river.
To date, the guides' record for
no fatal accidents during a par
ade has been perfect, but the
law of averages says that it
can't continue that way indefi
nitely. It seems to me that it
behooves this group to make
some regulations about the type
of craft that will be allowed
and whether they are going to
allow cheap advertising to fly
from the crafts. As an added
safety feature, the ski,, divers
and those rugged individuals
riding inner tubes that are men
acing their own safety by the
very real risk of being conked
on the head with an oar
should be made to come down
as a group and not in among
all the boats. If a parade should
go sour with a bad accident, it
will be the guides that will bear
the brunt of the criticism, and
not the luckless person who
might have been responsible.
ELIZABETH McMULLIN
Carmichael
'Tenor of Remarks'
TORTLAND (To the Editor)
My attention has been called
to an editorial appearing in your
paper.
I am quoting pertinent ex
cerpts from a letter which I
caused to be published in the
Oregonian:
"Your politieal editor, Mervin
ShoemaRer, deservedly enjoys
an excellent reputation for in
tegrity and accurate reporting.
It is, therefore, regrettable? his
report of my remarks at a re
cent nteeting of a Democratic
cSib luncheon did not conwetly
reflect the tenor of my remarks
riEVS feETTItifc To BE
QUITE A UTILE KM
NOW, W HE ?
EUGENE (To the Editor)
On Monday, April 16, you re
printed a portion of an editorial
from The Oregon Statesman in
Salem, pertaining to my sugges
tion to Governor Mark Hatfield,
that a non-partisan fact finding
group be appointed by him, to
make a thorough study of the
economic implications of day
light versus standard time. Be
cause the Statesman seems a
little hazy in regard to the de
tails of my proposal, I am en
closing to you a copy of my
original press release. My sug
gestion was that such a time
study conference work during
the spring and summer and
report back to the people of
Oregon their findings in Sep
tember, 1962, for purposes of
voter information in November
elections affecting the time
question in Oregon.
In talking with many voters,
I find that few of them are
happy with the current time
hodge-podge. They feel that
their instructions and vote has
been somewhat cynically disre
garded by the past legislature.
There has been very little effort
to inform the voter, pro and
con, on the real economic im
plications of a time change.
Thus, a climate of emotional
resentment has had an oppor
tunity to build up.
I am of the opinion that Ore
gon citizens are objective and
fair-minded enough to evaluate
constructively any information
that a study group could bring
back to them.
I think that the facetious com
ment of the Oregon Statesman,
that the governor could also
call a conference on fluorida
tion and other controversial
questions, and that "if there
were survivors another confer
ence could be called to debate
modern art," really underesti
mates the objectivity with which
the average voter can be
brought to view an issue when
it is presented in a non-emotional
climate.
Besides, such matters as fluor
idation and modern art are not
bread and butter issues in the
state of Oregon at the present
time. The question of daylight
versus standard time is not only
economic in its impact, but will
be on the November, 1962, bal
lot as well.
JO KITTREDGE
Republican Candidate for
Oregon State Senate
2145 Fairway Loop
Assessment Figures
EUGENE (To the Editor)
On Wednesday evening, April
18, on one of the local radio
stations, the county assessor
stated that during his adminis
tration, $26 million a year in
values have been added to the
tax rolls.
In one of the policy making
committee meetings, the asses
sor also stated that one of the
qualifications oi a candidate
should be strong convictions!
Then let's stick to the truth!
From the "summary of As
sessment and Tax Rolls" for the
years 1959, 1960 and 1961 I
quote the facts!
When the previous adminis
trator vacated the office of
county assessor the total asses
sed valuation for Lane County
was $185,000,000. This included
a total of $89,000,000 in build
ing values.
When the current assessor
began his term of office on Jan
uary 1, 1959, he immediately in
creased the $89,000,000 by 10
per cent or $8,900,000 from be
hind the desk without any
physical inspections or exercis
ing judgment of the taxpayers'
properties as evidence of value
($8,900,000 plus $185,000,000 is
$193,900,000).
The total assessed valuation
in 1960-1961 was $195,700,000
for Lane County. Again all
Lane County properties were
increased 10 per cent in the
same manner as before.
Let us further analyze the
$26 million a year in values
added of which the assessor
speaks!
The State Tax Commission
added $2,000,000 in timber
, values in 1961-1962, $1,000,000
from Public Utilities (neither
under the jurisdiction of the
county assessor's office) adding
this $3,000,000 to $19,570,000 is
$22,570,000 in artificial and
state tax commission valu
which indicates that the asses
sor added only $3,400,000 in
new construction, omitting $8,
000,000 a year.
Yet there are 22 appraisers on
the payroll of the Lane County
assessor's office and the office
budget has increased $40,000,
which does not include capital
outlay.
Is this efficiency and econ
omy, or equalization!
JOHN SCHEIDT
Republican Candidate
for County Assessor
610 Park Ave.
MEMBER OF
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cation oi all (he local news printed
In this newspaper.
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WILLIAM WASMANN, News Editor
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ROs C. JOHNSON,
Advertising Director
JARL FUGLE Circulation Manager
ROBERT K. BERTSCH Promotion
W B. JOHNSTON JR. AlMltor
ARNE STROMMER Production
y N.
Lawrence
David Lawrence
President
'Scrapes Off
The Butter'
WASHINGTON President
Kennedy tried in his Wednes
day press conference to "butter
up" American business, includ
ing the steel companies. He said
there was no ill
will toward any
body and that
there was no
room on either
side for "any
feelings of hos
tility or vindic-
tiveness.
But, unfor
tunately, the
President nulli
fied much of
what he said when he refused
to answer a reporter's question
as to how he would treat labor
unions if they do the same thing
the steel companies did name
ly, if they make demands for
wage increases that go beyond
the administration's formula
for a "hold the line" or stabili
zation program.
The reporter's question was
as follows:
"Assuming that a price in- '
crease in steel would eventually
be necessary and justified, do
you have any thoughts as to
how this price increase should
be reached? And, secondly, if
some major labor union made
excessive demands for wage in
creases, would you move as
sharply against that union as
you did last week against steel?"
The exact record of what the
President said in reply was as
follows:
"Well, to take the second part
first, we had worked very close
ly with the steel union in an at
tempt to persuade them that it
was in their interest and the
country's interest to meet the
standards set by the council of
economic advisers, and it was
done. And that is why this mat
ter came into particularly sharp
focus last week."
Seemed to Sidestep
Kennedy's avoidance of an
answer is regarded as particular
ly significant, because it means
that the administration intends
to continue to put pressure on
business and threaten it with
lawsuits and the withdrawal of
orders by the Defense Depart
ment, but will exercise no
analogous pressure on labor.
Kennedy pleaded that he
doesn't really have the "power"
to restrain wage increases. Ac
tually, he has no legal power to
restrain price rises either. Ken
nedy seemed to sidestep the
point made by one of the re- '
porters that, by holding the line,
he was actually fixing prices.
Kennedy argued that "every
one is quite aware of what the
powers are of the government,
and the limitation on those pow
ers." He then added:
"But I have not suggested
that our power that we have
powers to set, or that those
powers would be desirable, to
set prices or to set wages."
The President insisted that
he had merely attempted to put
before the parties on both sides
the importance of the public
interest, and he did say that
the interrelationship of various
factors makes the public inter
est "mandatory" in these mat
ters. He put it this way:
"Public interest is very defi
nitely involved, but in asserting
the public interest we have al
ways recognized the proper
limitations of that of the pow
er of the government to enforce -any
collective bargaining agree
ment. We do not have that pow
er. That power has not been
given to us."
Kennedy nevertheless did not
hesitate last week to use all
the pressure and power of the
United States government to
force the steel companies to
recede from their announce
ment of a price increase. There
is no power to do this under
the law, but he applied it never
theless. The Defense Depart
ment withheld orders promptly
and ignored the principle of
competitive bids by simply shift
ing contracts without requiring
formal submission. Coincident
ally, a federal grand jury in
vestigation of certain steel com
panies was ordered.
The Realistic Experts
Kennedy's remarks were par
ticularly unsettling, however,
when he discussed future prof
its and productivity. He gave
the impression that sharehold
ers should be content with a
record of high returns on their
investment during the last ten
years. He said nothing about the
current situation, in which the
value of the stock held by U. S.
Steel shareholders is approx
imately $63, compared to $108
two years ago.
Kennedy also seems to think
that the steel industry would
get a $500 million increase in
profits when steel production
goes up t6 85 or 90 per cent of
capacity. But nobody in the steel
business expect any such result
as this for a long time to come.
In fact, the realistic experts
among them say that what's im
portant is not the total amount
of profits, but the return per
shareholder. They also say that
a better way tg measure pro
gress is by the rate of return
on sales which the steel com
panies receive. The industry
figures show that in the last foiSr
or five years these percentages
have been stcadi'j) going down
hill. C 1MJ New York Herald Tribune Inc.
8 e