Capital journal. (Salem, Or.) 1919-1980, January 24, 1950, Page 7, Image 7

Below is the OCR text representation for this newspapers page. It is also available as plain text as well as XML.

    Y Better Processing of Farm
Products Urged by Governor
Greater processing of Oregon farm products with a correspond
ing increase in the promotion of their sales and better grading
methods were urged by Governor Douglas McKay at the annual
meeting of the Willamette Production Credit ussociation here
TLTnn H :i v
While sale of processed farm
products should be the major
project of the state, proper grad
ing is also necessary to meet
eompetition with the sale to be
pushed under Oregon labels and
not those of California, he said.
Governor McKay also urged fur
ther processing of lumber and
the promotion of the flax in
dustry which he described as
"sick" at present.
' Loans have increased around
$400,000 over the previous year
with the volume last year $3
752,000 for an all-time high, it
was reported by Phil Brandt,
. secretary-treasurer. Member
ownership of stock is now $231,
v 400 with accumulated earnings
;' $167,203, an increase of $35,000.
; Membership last year was 967.
i Directors "hope" to pay off
J the remaining $50,000 of the
$250,000 government loan re
cived in 1934 with the debt ex
pected to be reduced another
$10,000 this year. Unless the
situation changes the obligation
may be liquidated in two or
three years, he said.
Also speaking at the meeting
was Charles A. Sprague, Salem
publisher and former governor.
Music was provided by Willam
ette university.
John Ramage, Woodburn, was
named president, succeeding E,
W. McMindes, Astoria, E. A. Mc
Cornack, Eugene, a holdover di
rector, was named vice presi
dent; Brandt, re-elected secre
tary-treasurer, assisted by John
G. Bryant and Wilma Burchell
Other members of the board of
directors are McMindes, Claude
Buchanan, Corvallis and George
Fullenwider, Carlton.
Colder Opposes Power Stock
Sale for Resale to Area PUDs
Washington, Jan. 24 W) The long-standing controversy over
public versus private ownership of utilities in the Pacific north
west echoed anew Monday at a securities and exchange com
mission hearing.
The situation developed as the SEC began proceedings to de
termine whether to approve or
reject a proposal to sell control
of Pacific Power and Light Co.,
of Portland, Ore.
Brutis E. Calder, Jjoard chair
man of Electric Bond and Share,
New York holding Co., opposed
public ownership of utilities. For
this and other reasons, he said,
he is against selling the Portland
utility to a New York under
writing syndicate headed by B.
J. Van Ingen and Co., Inc.
American Power and Light
Co., a subsidiary of the corpor
ation Calder heads, has asked
authority to sell controlling in
terest in the Portland utility.
Under the proposal, the Van In
gen syndicate would purchase
500,000 shares representing out
standing common stock in Pa
cific Power.
Calder told the SEC that he
understands the Van Ingen in
terests plan to resell the Paci
fic Power holdings to public
utility districts in the northwest.
"Now by all means, if we can
get the right price," Calder
stated, "I would prefer Pacific
Power to go into private hands.
He said he also opposed the
Van Ingen offer on the grounds
that American Power and Light
could receive Immediate cash
payment for the holdings if it
accepted another proposition.
He referred to an offer by Al
len and Co. New York Invest
ment company, which headed
another syndicate to pay $15
000,000 cash for the Pacific
Power stock.
The Van Ingen offer listed a
base price of $10,000,000 plus
an added sum contingent on the
aale of certain properties owned
by Pacific Power. The total
price, however, would not ex
ceed $19,500,000.
Calder said he is "totally in
favor of the Allen offer" be
cause of the readiness to pay
cash and his belief that the Al
len Syndicate will resell the
property to private interests.
"We can't afford to wait," he
aid. "A bird in the hand Is
worth two In the bush."
The bond and share execu
tive said the Van Ingen group
had submitted a second offer to
buy the Pacific Power stock for
a minimum of $15,000,000 cash
with the higher price still quot-
Discovered
How To
HEAR
AGAIN
IN 20 SECONDS
was in despair when I began to
lose my hearing. Then one day in
just 20 seconds I discovered how
to hear again. Thanks to tha new
Beltone Phantomold, there's NO
BUTTON IN MY EAR. Discover
how you, too, can hear again. Come
in, pnone or write lor riuui ooouei
mat tells ail tne lacta
James N. Taft
AND ASSOCIATES
228 Oregon Bldf.
Salem, Oregon
; mi
By H.S.T This is a sketch
President Truman drew of
himself when a delegation
from the National Cartoonists
society called at the -White
House. It depicts the president
peeping from behind a draw
ing board. (Acme Telephoto)
Council Tables Capitol Zone
Change for Two Weeks
Because of protests heard Monday night and the absence of
Mayor Robert L. Elfstrom and Alderman Dan Fry, the city council
tabled for two weeks the ordinance bill to change the zone classi
fication in the capitol area.
The ordinance was on the calendar for third reading and came
up after a public hearing on the
ed contingent on the sale of the
Pacific Power properties. He
said he still opposed the deal
because of the public versus pri
vate ownership angle.
Earlier Howard L. Aller, pre
sident of American Power and
Light, said that the Van Ingen
syndicate was the only group to
make a firm offer to buy con
trol of the Portland utility be
fore the original agreement was
signed to sell the stock.
In contending that the nego
tiated sale of the Pacific Power
stock would best serve the in
terest of his company and stock
holders, Aller said the federal
governmen tmay move "into a
position of even greater domin
ance in the Pacific northwest
power situation."
Directions Given for
Donations to CARE
Oregon donors to overseas re
lief through CARE are advised
to mail their orders direct to
CARE, 20 Broad street, New
York 5, N. Y as the Portland
CARE office is being closed this
week.
During its slightly more than
two years the CARE station in
Portland has received nearly
$170,000 in donations for food
and textile parcels, much of this
from Oregon communities out
side of Portland.
Declining receipts over the
country for the overseas pro
gram have made economies
necessary in CARE operations,
it was stated. However, CARE
is definitely staying in business.
Many critical areas still exist
in western Europe and Asia,
such as Greece. CARE -has de
livered more than 9,000,000 par
cels since the war, most of them
containing food.
At present, some emphasis is
being shifted to the new book
program to build up universi
ties and trade schools in de
vastated lands.
Pensions Urged
By Cyrus Ching
Portland, Jan. 24 m The fed
eral government's top labor con
ciliator conferred today with
AFL and CIO union groups,
winding up a two-day session
here.
Cyrus Ching spoke to indus
trial employers yesterday on la
bor relations. He told them pen
sions and welfare programs
would continue to be a subject
in union negotiations. He said
it would not do to cry "social
ism" in answering workers' de
mands for social security.
"It is important that leaders
of industry recognize the prob
lem ... as long as the problem
is there, we shall hear from it,"
He said. Ching argued private
industry cannot provide the only
solution to the workers' need
for old age care, but could sup
plement the government's aims
to extend social security ben
efits.
Question. Alderman Tom Arm
strong moved that it be tabled
and no objection was made.
The bill would change to Class
I residential zone four full blocks
and a large fringe area in ad
joining blocks. The effect of the
change would be that all con
struction except residences
would be prohibited. The four
blocks involved are those that
the state capital planning com
mission has recommended that
the state buy, and the proposed
zone change would be tempo
rary until the 1951 legislature
has a chance to act on the rec
ommendation. In the public hearing Monday
night all talks and letters were
against the proposed change. A
letter from Charles H. Heltzel
was read in belief of C. O. Eng
strom who has Zone II property
that was changed about a year
ago.
W. E. Foren and wife, who
have property in Block 88, one
of the four, make a protest both
in writing and verbally. The
property, they said, Is leased
for three years.
Herman Rieck, who wants to
construct a restaurant on prop
erty located on Union between
Summer and Capitol, sent in a
written protest.
Leston Howell, county coro
ner and member of the under
taking firm of Howell-Edwards,
said he thought the proposed
change was "as unjust as it
would be to rezone any down
town property," and he wanted
to know if he would be barred
from making future alterations
and extensions of his business.
W. I. Williams, architect, made
a protest in behalf of Mr. and
Mrs. L. L. Riggs, who have
property at Summer and Mar
ion and plan an apartment proj
ect.
Alaska 'Long'
Overdue as State
Washington, Jan. 24 (U.R)
Alaskan Delegate E. L. Bart
lett Monday asked the house to
give residents of Alaska "long
overdue full citizenship" by ap
proving a bill to make the terri
tory a state.
Chairman J. Hardin Peterson,
(D., Fla.,) one of the house
public lands committee joined
Bartlett in urging passage of the
bill. He said his committee ap
proved it with only one dis
senting vote.
They were the first speakers
on the measure when it came
up for debate after Speaker Sam
Rayburn gave it priority over a
controversial fair employment
practices commission bill.
Bartlett told the house Alas
ka has waited 83 years since
its purchase from the Russians
in 1867 to become a state.
He argued that, by making Alas
ka a territory and approving an
"organize act" for it, congress
indicated that Alaska would as
some time become a statte.
He said Alaska today is more
populous than 17 other states
were when they were admitted
Capital Journal, Salem, Ore., Tuesday, January 24, 19507
to statehood. As for the argu
ment that Alaska is not con
tiguous to the United States,
Bartlett said California was not
contiguous to any other state
when she was admitted.
Gordon Gray to Go
North Carolina
Raleigh, N.C., Jan. 24 (IP)
Secretary of the Army Gordon
Gray has been chosen by a nom
inating committee to be presi
dent of the Greater University
of North Carolina.
Gray, 41-year-old publisher of
the Winston-Salem Journal and
Sentinel, is an alumnus of the
university.
Gov. Kerr Scott, chairman of
the university board of trustees,
disclosed the nomination her
Saturday night.
NSSSn . MPS
Foods gtt o flavor-lift whon you uit top-quality BttvHvf
ipicti and statonings. Thtrt PrHy tltctd, oir
woihtd . . . and ffth. To ittp-wp th flavor of tht most
tommon-plaet mtals um a llttlt mora spte.
makes the 1
The average urban family re
ceives about twice as much cash
income as the average farm or
village family.
Four islands in the Marianas
Saipan, Guam, Rota and Tin
ian are dotted with prehistoric
burial sites evidently erected
centuries before the islands
were discovered by Magellan In
1521.
COLUMBIA
LONG PLAY
RECORDS
Featured in
This Week's
LIFE MAGAZINE
Beethoven: Symph. No. 3
Philharmonic Symph. Orch.
Bruno Walter. Cond,
ML4228 $4.85
Cole Porter: KISS ME KATE
By the Original Stage Cast
ML 414D 4.85
I CAN HEAR IT NOW VOL i
1945-1949 Narrated by
Edwin R. Murrow
ML 4261 $4.65
Gershwin:
SECOND RAFSODY FOR
PIANO AND ORCHESTRA
PRELUDES 1, 2. 3
Oscar Levant, Piano
ML 2073 (3.85
YOUR MY THRILL
Doris Day
CL6071 $2.85
Downstairs, Oregon Eldg.
STATE & HIGH
Phone 38632
Harold & Dorecn Shogren
1'fNfc
1 ! id
ASTHKiliMM
Capital Drug Store
State and Liberty
"On the Corner"
lif
fa
BAMAUS
PEQUOT SHEETS!
CANNON TOWELS!
LACE DINNER CLOTHS!
Nylon HOSE!, SHOES!, Short COATS!
DRESSES!, BLOUSES! ,LINGERIE!
Foundations!, Men's, Boy's Unders!
LUGGAGE!, GIFTWARES!, ETC, ETC
7MM