Capital journal. (Salem, Or.) 1919-1980, January 21, 1957, Page 17, Image 17

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

    Salem, Oregon, Monday,
Mainwaring Funeral
Services on Tuesday
Tributes Paid to
Publisher of
Journal
Funeral services (or Bernard
.Mainwaring, editor and publisher
of Iho Capital Journal, and co
owner of the Statesman-Journal
Publishing Co., who died Saturday,
will be held at First Presbyterian
Church at 3 o'clock Tuesday after
noon. Dr. Paul N. Poling, pastor of
the church, will be the speaker.
.uiiuniiiai rues will be at City
View. The Virgil T. Golden Com
pany is in charge of arrangements.
The casket will be open at the
Golden Mortuary until 2 p.m. Tues
day, but will not be open at the
lunerai service.
Many Tributes Received
Tributes to Mr. Mainwaring
have come from many sources.
They include a resolution by the
Oregon state senate and messages
from boards and organizations
with which the publisher was affil
iated, and high tribute was paid
him by Charles A. Sprague, editor
and publisher of the Oregon States
man, in his column "It Seems to
.Me."
Gov. Robert D. Holmes, when
informed of Mainwaring's death,
said that "a genuine servant of
'.he community and of, the state"
had been removed.
The resolution adopted by the
slate senate spoke of him as one
who gave unselfishly of his talents
for the good of the community,
and that as publisher of the Capi
tal Journal and member of the
state board of higher education lie
had "exerted tremendous influence
on the entire state of Oregon." It
described him as a man of excep
tional qualifications and one who
merited the confidence of the pub
lic. "Bernard Mainwaring exempli
fied the American business man
on the move, who took time and
made every effort to serve his
community and state," said Sec
retary of State -Mark Hatfield,
"This he did in ways that drained
his strength, but made us all bet
ter for the work he accomplished."
At the Monday noon luncheon
of tha Chamber of Commerce an
eulogy was spoken by Dean Robert
Gregg of Willamette University,
vice president of the chamber.
Education Meeting Postponed
Out of respect to Mr. Mainwar
ing, Chancellor John Richards, of
the state system of higher educa
tion, announced that a meeting of
the board scheduled for Monday
and Tuesday had been postponed
for two weeks.
Carl Webb, secretary and mana
ger of the Oregon Newspaper Pub
lishers association, sent this mes
sage from his office in Eugene:
".Newspapers of Oregon will
miss the courageous and inspiring
leadership of Bernard Mainwaring.
At meetings of editors and pub
lishers he spoke strongly and un
hesitatingly for what he thought
was right. His keen interest in new
developments and new ideas won
for him the admiration of many
persons. He cannot preside at the
annual Oregon Press Conference
next month, but as its chairman,
he had all arrangements com
pleted, so the program will be
presented as he planned it. It has
been a pleasure and an honor to
work so closely with a man of
Bernard Mainwaring's stature and
ability."
Charles T. Duncan, dean of the
College of Journalism at the Uni
versity of Oregon, declared that
"Among his many fine qualities
Mr. .Mainwaring had two that are
especially valuable in an editor
courage and forthright honesty.
His death," he added, "is a dis
tinct loss to Oregon journalism.
The staff of the school of journa
lism joins his friends in sympathy
for his family and associates on
the Capital Journal."
Speaking for the Salem city
council in the absence of Mayor
Robert F. White, fts president.
Alderman Russell Bonesteele said
that "the death of so energetic and
civic-minded a citizen as .Mr.
Mainwaring is a big loss to the
community."
Editor of Barometer
Mr. Mainwaring bad early train
ing in all phases of newspaper
publication, including the compos
Farmers Hear
Tight Money,
373 Attend Willamette
Production Credit
Yearly Sesion
A tightening of money and an
Increase in bank interest were pre
dicted by Paul F. Matson. presi
dent of the Federal Intermediate
Credit bank of Spokane, Wash., in
his speech before the Willamette
Production Credit association at
the Marion hotel Saturday.
Matson, speaking to 375 members
of the organization from all over
the Willamette valley, said that in
terest rates are up and that at
present loan demands exceed avail
able money. He pointed out that to
wish for lower interest rates would
be to "wish for worse times."
More TlghtenUDt Seen
The speaker emphasized that
"far more tightening of money can
be expected" In 1957. He also de
clared that another one-fourth "or
maybe even one-half" per cent
Increase in bank interest is antici
pated.
"This means we can look for a
hih business year." Matson said. I
Matson is head of the institution
from which the Willamette group
obtains its loan fund. Under an
act of Congress in 1956, Willamette
and other production credit associ
ations art puMbtsjat ta Sjwjwne
bank.
January 21, 1957
ing room where for some time he
was a linotype operator. As a news
and editorial man his first exper
ience was editor of the Barometer
at Oregon State college prior to
his graduation there in 1920.
After colleee he was emnlnvpn
by the Tillamook Herald, the ,Mc-
-Minnville Telephone-Register and
the Albany Herald. Then, starting
on his own, he became publisher
of the Hcrmiston Herald, then the
Milton Eagle, and then launched
into the daily field by joining with
Lucian Arant in the purchase and
publication of the Baker Democrat
which later they merged with the
Herald, the newspaper taking the
name of the Democrat-Herald.
He acquired the Idaho Free
Press at Nampa in 1937 which he
sold when he came to Salem in
1953 as purchaser of the Capital
Journal. For seven years before
that date he also was publisher of
the weekly Argus at Ontario, Ore.
One year after his purchase, Ihe
Capital Journal and the Oregon
Statesman formed the Statesman
Journal Publishing Co. of which he
became vice president and treas
urer. In editorial control, the two
newspapers remained separate
and Mr. Mainwaring, as publisher
of the Capital Journal, was in
complete editorial control of the
paper.
Active In Civic Work
In Salem, as previously in Baker
and Nampa, Mr. Mainwaring was
active and enthusiastic in civic af
fairs. His selection by the late
Gov. Paul Patterson for member
ship on the State Board of Higher
Education was preceded by mem
bership on the board of trustees of
College of Idaho at Caldwell,
which had conferred upon him the
honorary degree of D. Lit.
In Salem he was active as a
member of the Kiwanis club, the
board of directors of the Cham
be, of Commerce, the United
Fund, of which he was president
at the time of his death, the di
rectorate of the Salvation Army,
member of the board and the
Men's club of the First Presby
terian church, member of the
Knife and Fork club. He was a
director of Oregon State College
Alumni association and president
of The Associated Press group in
Oregon. Positions and offices of
similar nature he had held in the
state of Idaho, and in that state
at one time was urged to run for
the Republican nomination for
governor, but declined.
College fraternity affiliations
were with Pi Kappa Alpha social
fraternity, Sigma Delta Chi, hon
orary journalism, and Alpha Kap
pa Psi, honorary commercial tra
ternity. He was a member of
the AF&AM, the Royal Arch,
Knights Templar, and the Shrine.
Born In Wisconsin
Mr. Mainwaring was born at
Gotham, Wis., February 21, 1897,
and came with his parents to New-
berg, Ore., in 1912, graduating
from the high school there before
entering college. In World War I
he was in the Army as an infantry
sergeant.
He was married to Jennie Lewis
of Pasadena, Calif.,. January 29,
1934, who survives him. Other im
mediate family survivors are a
, William Lewis, senior at Uni
versity of Oregon; Ruth Helen,
student at Willamette university;
and a brother, Reese Mainwaring
of Seattle.
Electric Blankets
In Dallas Robbery
DALLAS (Special) Electric
blankets, pillows, and a lamp were
taken from the Junior Eckley cab
in on route 2 near Dallas sometime
between Friday and Saturday,
Polk county officers report.
The house is used by the Eck
leys of Salem as a weekend cabin
and while the officers had dis
covered the robbery the things
taken were not established until
Eckleys stopped here Sunday night
on their way home from Eugene.
Officers believe the robbery is
by the same persons who took
several guns, records and record
player from another home a week
ago. Owners were absent at work
or out of town in previous cases.
Cuba's economy today depends
largely on sugar. Other chief ex
ports are tobacco, copper and man
ganese. Prediction of
Higher Interest
In a special ceremony at the
meeting. Matson was presented
with a J14.000 check of interest in
shares by D. W. McMindes, As
toria, Willamette's presiding of
ficer. Operation Reviewed
In other business, P. M. Brandt,
Jr., manager-secretary of the Wil
lamette PCA, explained the past
year's financial operation. He
pointed out that interest rates in
the association were raised from
52 to 6'.7 per cent during the year
and that loans made during 19.36
advanced a million dollars over a
year ago. Rcservrs were listed as
up $900. Brandt also reported that
the association's net worth is now
$409,628.
After the business meeting, an
organization meeting was held and
R. W. Malpass, Harrisburg, vice
president last year, was elected
president of the group. Milton C.
Rider of Oregon City was elected
vice-president and Brandt was re
tained as manaeer-secretary. E. E.
Hallock and Wilma M. Burchrll
will be his assistants.
H. A. Barnes. Silverton, and
John W. Ramage, Woodburn, were
named to the loan committee with
Malpass and Rider as alternates.
Rider is the new auditing head;
T. W. Churchill, the attorney, and
Buwimj Meanrell, thi accountant.
Need Told for
Giving Respect
To Minorities
There must be respect for mi
norities as well as majorities, if
democracies are to flourish. This
declaration was made by Dr. Reg
inald Par'.:er, member of the law
faculty of Willamette university,
while addressing some 200 persons
attending the 36th annual banquet
of the Salem Board of Realtors
Saturday night.
Parker, educated in Vienna, Aus
tria, sketched the fall of democ
racy in that country which he said
was due to "bungling and ne
glect." While he said such a de
velopment could hardly gain head
way in this country, Dr. Parker
mentioned the deadlock which has
existed in the Oregon senate.
The comparison, said the speak
er, is "far fetched."
Richard Grabenhorst, who was
elected to head the local realtors
during the year, presided while
Leo Reimann held the rolc of
master of ceremonies.
Entertainment was provided by
a group of singers and dancers.
3 Cars Involved
In Collision on
Lancaster Drive
A Silverton man and hie wifn
were listed as two of the drivers
involved in a three car collision
at Lancaster and Satter drives
drives Sunday night.
State nolirn s.niri TinnnlH r.i
Schulke was getting his car in
ijMuuri io pusn a car driven by
his wife, whose vehicle had run
out of Erasnline when tha
were involved in a collision with
one driven by Richard Merle
temper, jaso jvorth 24th St.
Damage to cars wn mnrW-wn
in the 10:35 p.m. accident, officers
said. A citation for parking on a
highway was Given SrhnU-n ihn
said.
Death Claims Albers
Milling Firm Founder
PORTt.AWn in ir;it: t
'' ttJiiium J.
A bers, one of the founders of the
Albers Rrnc tillinn n ...m L .
-- .'.".HIS vw., win De
buried here Tuesday.
rnaay at the age of 87.
... ..., c ,U5 Iour Drotnors
founded the feed manufacturing
h. " u , Business that
bears the family name.
ALASKANS VISIT
SHERIDAN (Special)-Mr. and
Mrs. Stanley Tatom have as guests
Mr. and Mrs. T. S. Batchclder of
Fairbanks, Alaska, who are en
joying a vacation here with their
former neighbors, the Tatoms.
CONSULT ME
DR. J. 1. COITON
Phone EM 2-0337
V J
t V Jr
Pay Absolutely Nothing Down!
Make Your First Payment
APRIL;
ON APPROVED CREDIT
21
TAKE
MONTHS TO PAY
or Carrying Charges All Credit Is Handled By Us
No Bank or Finance Company to Deal With
Immediate Restorations
DENTAL SCIENCE HAS MADE IT POSSIBLE FOR IMMEDI
ATE RESTORATIONS, WHICH ALLOW YOU TO HAVE
YOUR TEETH EXTRACTED AND NEW DENTAL PLATES PUT
IN IMMEDIATELY.
Gat can be arranged for extractions If desired. No ap
pointment needed for examination.
DR. J. J. COLTON
liberty and Court Sri. Phone EM 2-0337
PLATES REPAIRED WHILE YOU WAIT
Bomb Threats
Scare Airlines
Seattle andllawaii
Scares Blamed
On Cranks
HONOLULU (UP)-Police and
FBI agents in Honolulu, Seattle
and three other West Coast cities
blamed cranks today for tele
phoned bomb threats that touched
off a series of airliner searches
during the week end.
One threat was received in the
FBI office in Honolulu early Sun
day and another threat was tele
phoned to the United Airlines of
fice in Seattle Saturday night.
Seattle police held a 29-year-old
former mental patient they said
admitted making two telephone
calls to the United Airlines reser
vations desk at Seattle. Detectives
said FBI agents and United offi
cials interviewed the unidentified
man. He was to be questioned by
a psychiatrist police said was fa
miliar with the ex-patient's case.
In Honolulu, civilian and mili
tary guards took stations around
International Airport and at Hick
am Air Force Base as the result
of a telephone call to FBI head
quarters at 1:40 a.m.
"There's a bomb on a plane
leaving .Hawaii," a man's voice
said.
Four hours of checking proved
the report false. But first, every
plane about to take off had to be
searched. One plane, a Japan Air
lines plane, had just taken off. It
was ordered to return.
Planes operated by Pan Ameri
can world Airways, nonnwcsi
Airlines, Qantas, and Japan Air
lines underwent searches when
they landed Sunday at San Fran
cisco, Los Angeles, roruana ana
Seattle.
At least a dozen planes, and
probably more, were searched at
all live airports.
PORTLAND (UP) An anony
mous call to newspaper olfices in
Honolulu Saturday night stating
that there was a bomb aboard a
Northwest Airlines plane brought
police, federal agents and govern
ment inspectors swarming into the
Portland International airport
here yesterday.
No bomb was louno on mc
Douglas DC6B which had left Ho
nolulu at 7 p.m. Saturday. It was
allowed to proceed to Seattle. It
was one of the three planes which
was enroute to the United States
when the telephone call was
made.
According to a Northwest Air
line spokesman, the anonymous
PERSONALLY
This is not a chain office, but
a PERSONALLY conducted
dental practice. After many
years of practice in Portland,
I am now a resident of Sa
lem. Come In and see me
personally. NO APPOINT
MENT NEEDED FOR EX
AMINATION. I'll he looking
forward to meeting you.
1957
NO
ABSOIUTELY
INTEREST
THE CAPITAL JOURNAL
caller said there was a bomb
aboard a plane bound lor the Unit
ed States. Two of three planes en
route to U.S. were ordered back
to Honolulu.
The other plane on flight No. 572
was nearer-Portland and was al
lowed to continue to Portland In
ternational airport where it was
searched.
The 60 passengers in the plane
were not told of the bomb threat.
Youths Show
Improvement
SILVERTON (Special) - Condi
tion of two Mount Angel youths,
Jack Schmitz, 16, and Le Roy
Fessler, 17, were reported in satis
factory condition Monday morning,
each having had a good night.
Both are patients at Silverton
hospital where they were taken
following a two-car collision on
route 214 a mile and a half west
of West Woodburn, Saturday.
Schmitz suffered a ruptured
bladder, broken pelvis, and other
injuries. Fessler was reported to
have suffered head injuries. The
Fessler car collided with one
driven by Marvin Kahut, 19, and
then went into a ditch on the slip
pery road. Fessler and Schmitz
were both in the Fessler car. Ka
bul did not require hospitaliza
tion. ATTENDS FUNERAL
AMITY (Special) Airman 3rd
class, Daniel T. Davis, was re
cently home on emergency leave
from Cape Charles, Virginia, to at
tend the funeral services of his
father, Monta Frank Davis. Dan
iel returned to his base early this
week, where he is awaiting over
seas orders.
ofitiewSteel
J ust'onecar'bmTinoUhciriJflliTilJ
the country's isteclcompaniestwerej
speeding up increases in their stcelmak-J
ing capacity, I said that "during the next!
three years they plan to build 15 million
tons of new capacity."ThejestimatecT
cost was $3 billion..
Now, 12 months latcrjftam'able to re4
port that these companyJfprogramsofl
expansion are moving ahead on scheduled
With the addition of 5 million, tons ofj
new capacity in 1956 America now is!
equipped to produce 133.5 million tons
of steel annually.
That is more than 40 per cent of the
.total for the whole world.
Steel Gauges Nation's Strength
There is a measure of comfort for all'
of us Americans in that fact, since!
etccl is one of the important yardsticks
pt national sbgthNotheTountry(
tean approachionrprodactiontof this)
basic metal.
Russia has the next largest capacity,
but this is only about one third of the
.American total.
The need for accelerated expansion is
even more apparent now than one year
ago. Many new and pressing require
ments for steel have emerged since my
report of last January.
Suez brought into bolrl .relief the
trrgentxieed for a larger-fl ectwt tankers.
Koadbnilders broke grorrmi on the $33
billion interstate superhighway system.
Our country's school building program
is being speeded up.
Defense Cannot lie Neglected
And the national defense program in
these times of world tension requires
many new. types of steel,
srrHUHtM arm company
rrtupiNV rotONiii Sim
r'i V'tiuViTM. Jt.iV'lVS:;.? Jr.K.,'1?.."?!" r1?!.?11"1
FBETi-MOON TUB! CCIPAHf INC.
IRON C0BP0IAII0N J(MP
! "T""
STEEL PR00UCTS COMPANY
CKAHDS MATHER 1 COMPANY
CORPORATION RESFARCH PARTS A ENGINEERING CORPORATION JOHN A R0F 81 tNGS SONS CORPORATION ROTARY '1'JR' ''EEL .ijp, -jlr rnMPANY . SWEET'S STEEL COMPANY SWEPC0 TUBE
SPANG CHAIFANT, DIYISION OF THE NATIONAL SUPPLY COMPANY . THE STANDARD TUBE COMPANY . SUPERIOR STEEL CORPORATION . SUPIRI0R TUBF "MPANY CORPOMTIO I UNITED STATES
CORPORATION TENNESSEE PRODUCTS S CHEMICAL CORPORATION T IMf.F N STfU AND TUBE DIVISION Of THE I1MMF1 1 RJI E BEARING COMPANY i IN .i.V.ON0,;, .ATEO SPRING
1'IEL COKTOATinw UNIVERSALYCl OPS STEEL CORPORATION rein MOIAD MIO lllfl wnnwnunj " n.i
Mn.iTirtM . .luiiicir. ..it, rMMiriM . wut.n ..n timf . uin i.c inn rnRPYiRAI lOfl WOODWARD
Oregon Cherry
Pie Bake Woii
By Eugene Girl
Ellen Jeffreys, Willamette high
school student, Eugene, won the
all-expense paid trip to Chicago to
take part in the national cherry
pie baking contest, representing
Oregon.
She won the title Saturday when
county winners from all parts of
Oregon gathered at Eugene for the
state contest, 43 senior high school
girls taking part in the finals.
The national event comes Feb.
21 with a prize of a $500 scholar
ship to go to the winner.
The contest for the best cherry
pie is annually sponsored by grow
ers and processors of red tart cher
ries. William H. Wright of Eu
gene and Junior Eckley of Salem
were co-chairmen for this year's
event.
A banquet honored the contest
ants, their home economics teach
ers and parents following the con
test. Dr. Victor P. Morris, dean
of the University of Oregon school
of business administration, made
the 15-county award of certificates
and cash prizes.
Injured Man
Is Improved
DALLAS (Special) Paul Evans,
injured Friday and believed to
have suffered a skull fracture, was
reported improved at Dallas hos
pital Monday. His condition was
still listed as fair but was im
proved, attendants said.
TEXANS MOVE WEST
SHERIDAN (Special) Mr. and
Mrs. Dennis Jones have moved to
Sheridan from El Paso, Texas, to
make their home. Mr. Jones is a
son of Mr. and Mrs. Everett Jones
of Sheridan.
and
,Yct
shsbuhii uor stul coPoAno . m. mas covruu the uptnii
r.r.MPiMv . tmf rrn noir.n inn iNn ion rrtDPYiHiTir.N . rniuusiA SUFL
CBANITE CITY STFFI. COMPANY CBIFF IN
STEEL COMPANr . lOHES 1 LAUCHI IN SIEll
.511"' inl.yJ.f'""j LcuP.F..",l.Et.c;'""y. 7vi"L?.;lo ...
MfSliC IR'jN WOPKS NATiCNAL -STANDARD
PimB IROH C0E S CHEMICAL COMPANY
More Citizen Interest Noted in
Education at National Meeting
Salem Board Chairman
Reports on Session
Held in New York
Greatly increased citizen inter
est in the public schools over the
entire nation was evidenced at the
recent meeting of the National
Citizen's Council for Better Schools
held in New York City last week
and attended by Gardner Knapp,
member of the council and chair
man of the Salem school board.
Fifty-two council members met
to discuss public school problems
and to develop means ol increas
ing citizen interest in public school
problems and to develop means of
increasing citizen interest in pub
lic school education.
All Areas Have Problems
"Oregon is not alone in its edu
cational problems," said Knapp
upon his return to Salem Sunday.
"All areas of the nation have
common problems in financing,
teacher supply and building needs
with some state school systems
being hard pressed in all three.
"While Oregon has difficulties in
finance, teacher supply and hous
ing, we arc handling them much
better than many states because
of the lay interest in the public
schools and their willingness to
support the education of the chil
dren." The purposes of the National
Citizen's Council, which is financed
by grants from the Carnegie Foun
dation and the Fund for the Ad
vancement of Education (Ford),
arc to help arouse widespread pub
lic interest in education over the
country and to provide local school
improvement groups with informa
tion helpful in the solution of edu
cational problems.
Seeks Participation
The National Council encour
ages participation of lay citizens
7m W - w
yMeanwhUeStIi(o'rmarfdc"m'a!n(Ifor
jUttl continued tofgrowwR
jpopulatioreanoirSljngsto
"Jln 2.9ycarsilh'euntry's?popnlati6Ti
(has increased? by 36' per cent andi the!
per capita use of steel in America in that
period has gone up from 469 pounds to
1,390 pounds, or 196 per cent.
Keeping abreast of all these added
(needs for steel in our country is the job
responsibility of the steel companies.
every American has a stake
'job because without enough steel in the
(years ahead-.thoinationicoulcUnotimain-
Uirrsfworldtposilionr
BniyiEUie,swcl'companiesarctomain'
tain thejeurrent pace, let alone toaccel-'
crate it, all of us should be aware of the
difficult hurdles thcy,havc to clear. in
achieving this goal.
Vast Capital Must He Raised
The biggest hurdle of all is that of
'raising the-capital funds to build their
new plants and facilities, ThaUcalls-foc
profits suflicicntry attractivatcrliolaVthe)
confidence of i n vestora jindJenilers.
Unfortunately, manyicomparries irt
steel and other industries are suffering
from a malady known as "phantom
profits" figures which must be reported
as profits subject to taxes but are really
costs of doing business.
This comes about because our Federal
Tax Laws make no allowance for the
effects of .inflation. Under these laws an
r.7HAVfl.L,f;ir?i;i,.'i'!i Vn.en.Vi7i . lilt
WAIIUF.ClUPiNG COMPANf THE M A HANNA MIPANY Cf"""1,0".
C0PPCRATIOH J&'.LTN MFG. 4 SUPPLY nj,f iiAR
COMPANY NATIONAL SM EL CORPORATION
PITTSBURGH 5IUL tOVKAlT . r 1 1
in the operation of their schools
through established PTA groups or
citizen's committees.
"With the Oregon legislature
now in session there will undoubt
edly be many bills passed that
will affect every school district in
the state." commented Knapp.
"Citizen groups can do much in
advancing education over the state
by analyzing this legislation and
urging the enactment of laws that
will benefit the school children and
public school education as a
whole."
Mr. and Mrs. Knapp stopped oft
In Pitts burgh. Pa., to visit a son.
They found wintry conditions all
the way across the continent.
Russian Didn't
Have U.S. Aides
In Secrets Try
WASHINGTON W Atty. Gen.
Brownell soys Russian Maj. Yuri
P. Krylov "did not have any
American accomplices." An un
ramed "American citizen" from
whom the Soviet attache tried to
buy military secrets reported the
attempt, Brownell added.
Krylov, assistant military at
tache at the Soviet embassy, was
ordered last week to leave the
united States immediately." The
State Department said Krylov had
tried to buy classified military
information and had purchased
electronic equipment to which he
had no right, acting through
"American intermediaries."
JOIN BUDGET GROUP
SHERIDAN (Special) Mclvin
McKibbcn and Lloyd Palmer were
recently appointed to the budget
committee of the Sheridan school
board. They join committeemen
Fred Spooncr, Carl Moore and Lu
ther llyder.
industrial eonrpany
,io save f up enough,
f a pieco-of ieqnipmctoArepJaeeit
hen; it, wears out.
''Pnf flirt tH 1ft
jWlowed to recover only the original cost)
.of that piece of equipment, whereas the
actual cost of replacing it may be three
.or four ti mcs as much, becauseof inflation.
Thus, the amount recovered through!
"depreciation" under the present taxi
laws is not nearly enough to pay for re-i
placing the worn-out equipmcntuConse
.quently American- industry must Itise a
substantial! parttoftstscMaDexrprofitii
rj ustiCTTeplawitsi'aitieatbeaajear,
Constant' Supplu'I&Efsehtiat.
This seriously impairs industry's abiO
ity to expand as rapidly as it should in!
the national interest. That is cspeciallyi
true in the steel industry because stcelJ
making equipment i3normonsly costlyl
and. has an unnsnallyjlowirate-ot
Jepreciation.
ButieithjrtirmriHmdcrstaTirlmgTmdr
fjnpport of the-'American public, this
nation'sTrmnyndrvTdrjalsteclconrpanies
will surely succeed in the-effort to keep
steel always available for the thousands
of purposes it serves. America and steel
must grow together.
in that
SHAFTING COMPANY COLUMBIA TOOL STEEL
S1EFL CWPAN? " CRUCIBIE SIIEL COMPANY Of
V I VFfL CoVpOBMION FINKt
Jr''.ii",V', u Ti,r rnPORAll0N . WL
N0B!HESTEPN STEEL WIRE COMPANY
PRECISION
i n.jn ''J''
. ivf-Vnrc if(i rriuPANY THf
RON COMPAfY WYCKOfF STEEL COMPANY THI
Section 2 Page 5
22 Injured as
7 Streamliner
Cars Derailed
MILWAUKEE. Wis. (UP)-Sev-en
cars of a Chicago and North
Western Railway streamliner
traveling at 70 miles per hour de
railed Sunday night, injuring at
least 22 persons.
Officials at Milwaukee County
General Hospital, where 16 of the
injured were taken, said no one
was hurt seriously and some were
released after brief treatment.
The train, the North Western's
crack "Peninsula 400," was north
bound for Green Bay, Wis., when
the rear seven cars left the track
about 10 miles north of here in
suburban Brown Deer.
The cars tore up half a mile
of track before slithering to a
halt, tipped at about a 45-degree
angle.
Flames, apparently caused by
gas leak, shot up one side of tha
lounge car. but quickly disan-
peared and there was no fire.
Sheriff's officers said most of
the passengers remained calm,
although some became panicky.
SURGICAL
SUPPORTS
Of All Kinds, Trustee,
Abdominal Supports,
Elastic Hosiery Expert
Fitters Private Fitting
Rooms
"Ask Your Doctor
Capital Drug Store
405 State Street
Corner of Liberty
JMf Green Stamps
ifltaTlcntfertfSn theory,
money overihe-life
fVinfr ihoVnmnAnv i
President
COMPANY CONNORS STEEL, VULCAN
AMERICA . THI i CUYAHOGA STEtU WIRE
SONS COMPANY FIRTH STERLING INC.
' . KEYSTONE ORAWN STEEL COMPANY
"iTFfl COMPANY LUKENS STEEL COMPANY
SlW PRODUCTS COMPANY M01TRUP
OGLEBAY. NORTON AND COMPANY
STEEL CORPORATION REPUBLIC STEEL
YOUNGSTOWN SHEET AND 1
TUUNualUTTN antti ,nu i