Eugene register-guard. (Eugene, Or.) 1930-1983, December 21, 1962, Image 6

Historic Oregon Newspapers

Eugene register-guard., December 21, 1962, Image 6

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About Eugene register-guard. (Eugene, Or.) 1930-1983 | View Entire Issue (Dec. 21, 1962)

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Newspaper Page TextPeg IA EUGENE REGISTER-GUARD, TrlAtf, Dec. 21, IMS i "Wv .. L iMt, if' This is an engineering mockup of the t Army's newest guided missile weap- IN 6 W ' on sy'em. tne Mauler, shown for the first time Thursday. It's solid fuel t t r missiles are designed to destroy high WCclDOn performance tactical aircraft that bomb, strafe or harrass forward bat- - tie areas. 'We Simply Ran Out of Money Plush Reno Hotel Closed by Debts RENO (UPD Reno's famed Riverside Hotel-Casino, a Truck- ce River landmark since the late 1800, filed bankruptcy papers Thursday in U.S. District Court. The action came about 12 hours after officials of the Nor thern Nevada Board of Trade, tcting on a voluntary assign ment from corporation Presi dent Raymond Speclor, closed the plush establishment at 2 a.m. The 325 employes in the ho tel's casino, bars and restaurants were notified they were out of work. The cast of "Vive lc Girls," i revue playing in the Riviera Room, also was notified the show had terminated. Hotel guests, including some Car Hits Pole, Portland Man Fatally Hurt lilt United Prtu Inlernallonal A Portland man died when his car struck pole in Lake Oswego Friday, bringing the state'a toll since early, Thurs day to four. He was Michael Holmes, 20. Three passengers were taken to the Oregon City Hospital for treatments of injuries. The ac cident occurred across from the Lake Oswego Lodge. . Three died in traffic acci dents in Oregon Thursday. The victims were Charles Ovid Purdin, 84, of Portland; Tatrlcia Purdy, 18, of Yamhill; and Mrs. Blanche McCullcn, 48, of Bskcrslicld, Calif. Multnomah County sheriff's deputies said Purdin was killed when he walked into the path of a car. The accident occurred near his home. Miss Purdy was thrown from her car and crushed by it Thurs day afternoon on a county road about two miles north of Me Minnville. A tractor was used to free her. She died In a Mc Minnville hospital. Mrs. McCullcn died when her car went off U.S. Highway 97 Into a water -filled irrigation ditch 10 miles south of Klamath Falls. 2 Niil(llil'lCC'C'(W SAVE SAVE Time Is Short! 6 MAIN ... MANY GIFT ITEMS BELOW COST! ,iil I J '9, (AP Wlrephoto) who had lived there perma nently for years, were, asked to find other quarters as soon as possible. Edward Olsen, chair man of the State Gaming Con trol Board, was present when the gaming tables and slot ma chines were closed. Spector, a New York cosmet ics firm executive, purchased an 88 per cent interest in the hotel corporation last June. His in vestments included a $450,000 loan made to the previous ma jority owner. Later, the real estate and physical assets of the hotel were financed by a $2.75 million loan from a pension fund of James Hoffa's Teamsters Union. When asked if the bankruptcy meant the teamsters would take over the hotel, Olscn said, "I don't want to comment until I see further developments." Board of Irado manager R. B. Fuhrmnnn said Speclor had been hopeful until late Wednes day he might obtain last-minute financial backing to meet cur rent obligations, including a $35,000 payroll due Thursday. The bankruptcy petition list ed 10 ledger pages of creditors. No total was given of the amount owed by the corpora tion, but claims listed on the pages ranged from $105 to $76,- 105. 'We simply ran out of money, a spokesman said. There was some bitterness among hotel , employes, who were notified formally of the closure by hotel spokesmen and union officials, "It's a terrible thing to have happen during Christmas week," said Mrs. H. Lang, a switch board operator. Hotel , officials said It prob ably would take weeks to work nut the payroll situation. A stale Employment Security De partment official said unem ployment compensation claims would proceed as soon as pos sible but "it will take maybe 10 days to get you a check." Fireworks Ban ACCRA, Ghana lav-The fire works ban in Accra, decreed In a campaign against terrorism, has been extended to all of Ghana. Days Left to f Shop . . . Wrights to 01 SAVE SPRINGFIELD Lawmakers Voice Views On Tax Plans 'Bargain Basement' Closed, Barton Says SALEM Wl "The people of Oregon should know that they have been getting a tax bargain for a long time," Rep. Clarence Barton, D-Coquille, said thurs day. Barton . said the state has been using a sizable surplus since the World War II but "the bargain basement is closed now. If they want the same mer chandise they'll have to pay for It." Barton, who will be speaker of the 1963 House of Represent atives, was one of the panelists in a discussion of the state's various tax problems at a tax conference Thursday. An indication that the House and Senate might not agree on tax programs came from an other panelist, Sen. Ben Musa, D-The Dalles. Musa will be president of the Senate. Musa, a tax consultant, said "the people paying taxes are the forgotten men in the econ omy." He indicated that he didn t think much of Gov. Mark Hat field's net receipts tax. Eliminate Deductions :. The tax, proposed by Gov. Hatfield in his budget message, would lower tax rates hut elim inate almost all deductions. It is estimated it would raise an extra $31 million during the 1983-65 bienmum. "Net receipts," Musa said, "is not the proper term. For all but 15 per cent of the popula tion it's a gross income tax, pure and simple. I wish the people promoting it would be more factual." Barton said a broadening of the tax base was necessary if the state Is to get the money It needs. He said only 8,000 of the 578,000 income tax returns filed in 1960 were from persons with incomes of over $20,000, To balance the budget, Barton said, "we're going to have to increase taxes. We can't raise enough money with the present tax structure to meet present obligations." Face Responsibilities He indicated that some kind of net receipts proposal would be best. The money, he said, will have to be raised "by some method that will reach the por tion of income earners not now paying taxes and take more from those peoplo who are pay ing something now." "We're going to have to face up to our responsibilities," Bar ton said. Barron also suggested a de ficiency appropriation might be necessary to balance the cur rent biennium's budget. Hatfield has asked for a transfer of $5.5 million from the veterans' bond sinking fund to balance the budget. But Bar ton referred to a 1953 opinion by Atty. Gen. Robert Y. Thorn ton, which said such a transfer would be unconstitutional. "I have a sneaking hunch the attorney general's right," Bar ton said. Georgia-Pacific Plants to Close Three Georgia-Pacific plants at Springfield will he closed from tonight until Wednesday morning, Jan. 2. Resident Man ager Arthur P. West announced Thursday, The logging operalions will also be idled for the same peri od. West said a number of em ployes are eligible for a third week of vacation. Some main tenance and shipping personnel will work during the week. I I l I I I I f 1 UULoJUU Qiant U.S. Airline Merger Awaits Qovernmeht Okay By ROGER LANE Of the Associated Preu NEW YORK ( Pan Ameri can World Air Ways and Trans World Airlines asked govern ment blessing Friday for their proposed merger into a $1.2 blllion system, the nation's largest. Approval would pit their combined forces against 16 for eign airlines which have claimed the lion's share of traf fic over the North Atlantic, and tilt competitive balances on im portant domestic runs. The merger agreement, reached Thursday by directors of Pan Am and TWA, was filed Friday morning in Washington with the Civil Aeronautics Board, a federal regulatory agency for aviation, , At the start of trading on the New York Stock Exchange, Pan Am stock sold off 37 cents at $22.37 a share while TWA stock gained 37 cents at $11.87 a share. Approval Required CAB approval Is reeuired, plus that of President Kennedy because of the international ramifications. The combine would embrace 80,000 system-route miles in the U. S. and abroad, would aerve 169 cities, and would have near ly 44,000 employes. In revenues and passengers carried, it would replace United Air Lines as the nation's largest carrier and would surpass even the proposed combination of American and Eastern Airlines, now second and fourth-ranking. A CAB examiner three weeks Supervisor Named SALEM uf Tom Harrison of Salem has been named super visor of the chemical applicator control program of the state Department of Agriculture. IF YOU ARE NOW TAKING A LAXATIVE ONCE, TWICE or THREE TIMES A WEEK ...THIN YOU SHOULD BUY MR TODAY I the Laxative Tablet with the GENTLE DIFFERENCE Feel the laxative need once, twice, or possibly three times weekly? Take gentle-acting Nt... Nature's Remedy I There is no letdown, no uncomfortable after-feeling. Nt is an all-vegetable laxative, and for over 70 years, Nt tablets have been giving folks pleasant, effective relief overnight. Nt fonigfif.. tomorrow alright.. sparkling bright! Meps you fee berfer . . . and look better I (GUM CAND COATfD JUNIORS . .Ail Vs"Aci.. Viii mBBmm . i SW from ife99j C.. l(toAAA Winter Blooming Type BLOOMING NOW Rhododendrons Named Budded 375 MA ROSES TROPICAN A HAWAII TANYA PEACE BLAZE MO AVE Many Others 1 75 TREES EVERGREENS LANDSCAPING GIFT CERTIFICATES 160 ago recommended rejection of the American-Eastern merger, involving domestic routes al most exclusively, on monopoly grounds. The TWA-Pan Am plan added to a rash of merger proposals in the air, railroad and highway segments of public transporta tion, several of them based on financial distress. Operating Company In many of these unions have objected, fearing loss of jobs. A new operating company proposed in the agreement to run both Pan Am and TWA air craft and properties would be headed by Juan L. Trippe, Pan Am president. The No. 2 posi tion would go to Charles C. TU linghast Jr., president of TWA. The complicated plan calls for the new company, Pan American World Airlines, to is sue 18,020,218 shares of com mon stock. Of the total, 6,674,155 would I All ntlABT -1 j proof JM 100 train ntutral spirits 80 proof, Inttmillonil Distilleries Co., LA. Parkyour car free in front of our new store. Shop in brightly lit wide aisles. Select from new and old Christmas ideas ... we offer many. Courteous sales and assistance. flnon Nightly i , , ; 9 P.M. GIFTS THAT GROW SASANQUA CAMELLIAS 275 ESPALIERED 17.50 AZALEAS Evergreen 150 OAKWAY ROAD OPEN SUNDAY be exchanged on a onefor-one basis for present TWA ehares, and 11,346,063 would be turned over on a 1.7-for-l ratio to the existing Pan Am. . A Trippe - Tillinghast state ment made no mention of How ard R. Hughes, the financier who owns 78 per cent of TWA stock but who two years ago surrendered his voting rights to a panel of trustees in a $165- million TWA borrowing deal. In Springfield . . . It's . . . Bob Saks FlIRNITURELAND 212 MAIN Kit-GUI Where It's easy to make your furnlturs dreams come true . . HUGE CHRISTMAS SELECTION OF Genuine PENDLETON SHIRTS ROBES TOPSTER JACKETS NOW AT 61 E. Broadway, Eugene Springfield, Oakrldge UGENI HARDWARE 2825 Willamette Dl - r BONSAI PLANTS Minicrlure Polled Oriental Trees is j 10-DIAMOND BRIDAL PAIR 1 l.rg. e.nl.r dUmond. HH -tf "A M 4 lid.. Sard h.i S d.imondl. IL- BJIaaTV JM HK gold mouolin?!. W'l j rA PAY ONLY . 00 A MONTH W M 11 Start Payments Feb. 1963 j y.ii-ww ' " u" J lawrtls T T-"; n-T- n ' : ) ) ! f J i OT33sCE) x k ' owe I E1 J Always in i the best of taste! j Select your sift of solid silver jewelry in modern designs, crafted with all the skill of the tradilional silversmiths. I Each set bcaulifully packaged. I J? jj A. Elegant sterling silver 3 piece set . with cultured pearls M509 ' B. Neatly engraved sterling silver . cuff links and tie clip . 12!0 5. Beautiful sterling 3 piece set suitable for engraving 1 009 See our selection of (old filled sals, from HI 50 All prices plus Fed. tax Free Gift Wrapping! Once - in - Id "arpeggio" ( NATIONALLY ADVERTISED at 12.95, 14.95, 16.95 tXClUSIVtlY AT WUSflUD'S ONIY t 1.00 A MONTH E If oont t T c t.f)f of hand (jntj tlyle). v.lh Ifottiff, tutd t)fd bo-rJi. Hoth mn td lodi mtjl ai thi fob blftil prtc. GIFT fcL'' 1 s WATCHES y , . 8 I El blew! er.ee. . 4 1 UNCONOITIONAUY II ouaaaNTiio U t ' i roe ONi tia . smrwtr- a - Llfetlme pro 88 -XTZ cT, ririif- it 881 Willamette Orjen till 9 cm.