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About The Bulletin. (Bend, OR) 1963-current | View Entire Issue (Oct. 4, 1963)
o 'You meao help Americans twice in one year?' jDjfg jf$Ur3nC6 firms multiply at rapid clip s Cauital Report : Soe o wheat to Russia would not be followed by sale of wheat to China Patman s report on foundations will not be welcomed by many institutions Hep. Wright Patman, a Texas Democrat, has been investigating foundations. Rep. Patman wants to see If public policy toward the set ting up of non-profit charitable foundations should not be changed. He Is particularly worried over the amount of money which has been placed in foundation assets. The other day he levelled his attack on the Rockefeller Foundation, this country's second largest to Ford. Patman claimed the Rockefeller group made $75 million during the stock market break of a year ago, because of Its investment policies. In this regard it's hard to agree with Patman. The stock market works in such a manner there is risk to those who purchase and sell securities. That risk can be mini mized by intelligent investment policies. It never can be eliminated. Those who buy and sell actively are aware of the risks, and are prepared to take them, even though losses never are pleasant. In any turnover of the market, such as occurred in 1962, some Investors are going to make money and others are going to lose. A foundation's investment policies, so long as they conform to the law and general practice, should not be the occasion for a public spanking. Foundation assets have in creased greatly in recent years. Ford's holdings are worth well over a billion dollars. Rockefeller has assets worth about $500 million. Others are less well known, and are considerably smaller. Gifts to foundations, no matter how small or how closely controlled, are usually made because of tax benefits which accrue to the givers. In the case of persons with extreme ly large Incomes, the tax benefits are great. But a person has to have or make money before he can give it away, or spend it. The loser is the Another step Even a cursory review of events of the past 20 years would indicate the system of national fraternities and sororities is on the way out as a part of the country's college scene. Such a conclusion is made more logical by recent events at Portland State College; it's been coming for a long time. Last week was Rush Week at most Oregon colleges. It was Heart break Week at the same schools, an event which went unnoticed except ing at Portland State. The entire system Is one based upon discrimi nation, but now when the discrimi nation is based upon the color of one's skin the whole business comes Under a different set of standards. ; Fraternities and sororities open ly discriminate in the choice of their members. The organizations have pretty high-sounding standards. But in reality some unmentioned criteria are just as important as those listed In the by-laws. First and foremost is the ability to pay. in most cases. Sororities are accustomed to turn ing down girls who have all the list ed qualifications if the rushees hap pen to be overweight, dress poorly, tax collector. And even if all the money siphoned off into foundations had been turned over to the tax col lector it would have made precious little difference to the average tax payer. Because much of the money which goes to foundations would have otherwise gone to the tax col lector, there is close supervision over the manner in which founda tion income may be spent. The big gest single chunk of funds in this country goes to students and educa tional institutions. Other big recipi ents of foundation largesse are various hospitals, charitable institu tions, and organizations which are engaged in the spread of culture, particularly music and the arts. In these cases the foundations perform a very useful service. Much of the financing they do would other wise be shifted onto the public purse; in effect the foundations re ward the tax collector by making it necessary for him to collect less. Clipping the wings of the foun dations would work considerable hardship on many institutions of higher education in this country. Many of the private schools have been large recipients of foundation grants in recent years. A consider able portion of medical research is foundation-financed. Many graduate schools depend upon grants for student aid and to improve the qual ity of their faculties. Patman's look at the founda tions can be an extremely valuable one. Any field in which the growth has been as rapid as this is bound to have some problems. But, if he makes it too difficult for existing or proposed foundations to operate effectively he will most likely only shift the burden of supporting many activities from the shoulders of the givers to the shoulders of the taxpayers. speak in too loud a tone, or give indications of a poor financial back ground. Schools all over the country have insisted that race or religion be removed from the published cri teria of fraternity or sorority selec tion. In a number of instances local chapters have given up their nation al affiliation; the abandonment has given the local a new lease on life. Some schools have abolished the system altogether. Administrators of some others are frank in saying they keep the system only because it is financially impossible for the school to provide student housing to replace that now available in the Greek houses. There are those who may be lieve the system can last indefinite ly. They must realize, however, that the present system of member selec tion makes a long life for the frater nity - sorority complex impossible. Only if the organizations themselves make affirmative Improvements in the method of selecting their mem bers can the system survive for long. 0 By Jassa Bogua UPI Stiff Writer NEW YORK (UPI) Financial publications and analysts have de voted much space recently to the history of growth in various in surance stocks, and to the increas ing number of insurance com panies in the United States. These are not always success stories: the way of the small company is not easy, whatever field of insurance it may enter. For the new life insurance stock company, it usually takes about eight years to reach the dividend producing stage. Nearly 1,000 new life companies have been set up since 194S. some stait out as intra-statc oper ations, and may gradually expand to regional or even national oper ations. Some have confined themselves to straight life operations; others have combined a life insurance operation with health and accident business to show a steady growth. The growth of a few has been sharp. Ohio Firm Booms Recently, the General Life In surance Co. of Ohio, which was established in April, 1962, report ed it has placed in force over $150 million of insurance in about 18 months It has found its great est success in the group life field, in which it has specialized: Daniel S. Winston, its vice president for group sales said that in the in dustry group life has shown the greatest increase in growth of new forms of insurance, from a total of $47.8 billion in 1930 to nearly $209 billion in 1961. It was founded by three men who among them had sold an average of $10 million of life in surance annually: Salim E. Cara boolad, president; Winston, and Morton H. Franklin. A smaller company, but with a sharp rate of growth, has been the American Family Life Insur ance Co., Columbus, Ca., which has combined a life and endpw mcnt business with sales of other policies to show a growth of 451.5 per cent in premium income over a five year span to the end of 12. Cancer Policy Headed by John B. Amos, pres ident, it operates in three states, Georgia, Florida and Alabama. One ot its largest growth items has been a cancer insurance pol icy, which Amos has described as an answer to a built-up de mand. It provides a family cov erage plan allowing for hospital expenses, travel expenses, and certain types of therapy. Amos said he had received thousands of queries from throughout the na tion on the coverage and cost of the policy, because "word gets around." Servicing on the company's pol icies after tho initial sale is handled directly through the main office. These are only two of the ex amples of how small companies can grow in different types of operations, and they are merely a reflection of how the market for insurance has grown in the United States. In 1950, the typical family carried about $1,600 in insurance, and by the end of 1962 the figure had more than doubled, to $11,400, Caraboolad has estimated. Dillon believes spiral checked WASHINGTON (UPI) - Treas ury Secretary Douglas Dillon be lieves the United Stales has checked its spiraling balance of payments deficit. lie expects it to show a 50 per cent improve ment during the third quarter of this year. Dillon told a news conference Thursday that the annual rate of the deficit for the three-month period ending in September should be "halt or less" than the whopping $5.2 billion chalked up during the second quarter. He said that preliminary re ports on the third quarter showed that a double-barreled approach launched this summer to slow down the loss of capital was be ginning to pay off. The secretary said he expect ed "a substantial improvement" in the nation's dollar position in 15 and he hoped the deficit would be erased "shortly there after." A deficit occurs when the Unit ed States government, tourists, businessmen and others spend more dollars overseas than for eigners spend in this country. The Treasury secretary said the third-quarter improvement was caused by a reduction in the outflow of short-term funds. By A. Robtrt Smith Bullttin Corrtspondtnt WASHINGTON President Kennedy has told Northwest con gressional Democrats that a sale of American wheat to Russia would not be followed by similar transactions with Red China. They discussed the issue aboard the President's helicopter during the flight between Tacoma and Tongue Point, Ore., last Friday when Kennedy was accompanied by Oregon and Washington con gressional Democrats during the Pacific Northwest leg of his western speaking tour. Sen. Maurine Neuberger, D Ore., brought up the wheat issue, which provoked a general discus sion. Generally, the congressional group assured the President the wheat deal with Russia would be popular in Uie Northwest, espec ially in the wheat growing areas. Sen. Warren G. Magnuson, D Wash., asked whether a wheat sale to Russia wouldn't lead in evitably to selling wheat to China. "The President, as quick as a flash, said, "No, it wouldn't, be cause we recognize Russia and we don't recognize Red China," re ported one of the participants in the discussion. Kennedy's delay in deciding whether to approve the sale of wheat to Russia was taken as an indication of his desire to test pub lic sentiment first. If there was little question that he had the authority to approve the wheat deal, there was some question whether he had public opinion on his side. The device for gauging public opinion was to send several cabi net members to meet with the foreign affairs and agriculture committees of Congress. This gave Congress a sense of partici pation in the decision and gave the administration a sense of pub lic reaction, which Congress often reflects. The three Pacific Northwest members of the agriculture com mittees were split on the issue it self and their reading of public sentiment. They are Sen. Neuber gei, Rep. Catherine May, R Wash., and Rep. Robert B. Dun can, D-Ore. The fragmentary -vidence they turned up suggested that growers and the grain trade favored the deal but that a number of private citizens oppose it. Congresswoman May of Yakima said she received 30 to 40 letters and telegrams thus far, all oppos ed to selling wheat to Russia. She said she hadn't received a single request from a wheat grow er favoring it. Rep. Walt Horan, Wenatchee Republican, who rep resents another w heat district, re ported he hadn't received any communiques one way or the oth er. Mrs. Neuberger and Congress man Duncan had both heard from an Oregon wheat grower, Allen Tom, of The Dalles, who reported he had taken a telephone survey of nine large wheat growers in Eastern Oregon. Tom reported that they were universally for the wheat deal. Only one attached a reservalion that none of it be transshipped to Cuba. Mrs. Neubcrger's attitude to ward the proposal is that "It's wonderful." She said she had been talking in favor of it with admin istration officials for two years. The Senator said she thinks the reason that the conservalie Am erican Farm Bureau isn't fight ing the proposal is that, having persuaded the wheat growers to reject the administration's wheat program in the spring referen dum, the Farm Bureau fears farmer reaction unless something happens to alter the natural con sequences of that decision. She thinks unloading a portion of the wheat surplus would take the Farm Bureau off the hook. Congresswoman May .tends to agree with her constituents who oppose the deal. She joined 11 other Republicans from wheat dis tricts in sending Kennedy a wire raising questions about the pro posal. "Why get the Soviets off the hook?" she asked. Rep. Duncan said he personal ly was undecided about the issue, but he indicated he leaned to ward favoring the deal. He ob served wryly that evidence of support from the wheat belt con flicts with conservative views about being tough with Russia a view most prevalent in f a r m areas. "The ideological difference van ishes rather rapidly when the dol lar appears," said Duncan. Arkansas GOP says JFK faces trouble in '64 7 By James R. Campbell UPI Staff Writer LITTLE ROCK, Ark. (UPI) -The Arkansas Republican party today seized upon what it said were "disappointing" crowds dur ing President Kennedy's whirl wind tour and claimed he would be in trouble politically in the state in the 1964 presidential cam paign. At least one pro-administration Democrat agreed. Another top state Democrat disagreed. Kennedy dedicated the $46.7 million Greers Ferry Dam at Heber Springs, Ark., Thursday and then went 84 miles northeast to Little Rock to make a speech. William L. Spicer, GOP chair man in Arkansas, said "it was the second time in two years President Kennedy has been in Arkansas and both times he has gotten very disappointing crowds. It again indicates the trouble he may be in politically in our state." Calls Trip Disappointing State Rep. Hardy Croxton, an unannounced Democratic candi date for governor, said "that (the trip) was very disappointing. I don't think there is any doubt but what the President is in dis favor in Arkansas. I think he has his work cut out for him." Croxton has favored the Ken nedy administration over Gov. Orval Faubus' state leadership. The President spoke to 10.000 about one-third of what officials anticipated, at the dedication of Greers Ferry Dam and returned to Little Rock to address a crowd which officials said was 30,000, but veteran observers placed closer to 10.000. Arkansas is one of only two states (the other one is Georgia) which has not gone Republican since the Reconstruction era. The President's other appear ance referred to hy Spicer was in Fort Smith in 19tll when Spicer said a crowd of 50,000 was ex pected and 20.000 turned out. Tom Harper of Fort Smith, chairman of the Democratic party in the state, disagreed with Spic er and Croxton. He said the crowds were good and the Presi dent showed strong personal ap peal. Faubus Springs Surprisa Gov. Faubus said Kennedy got a "good reception," but the gov ernor also brought the biggest surprise of the day when he at tacked Kennedy's proposed civil rights legislation in front of the President on the speaker's plat form at Greers Ferry. "We observe a great deal ot time and effort being spent in sponsoring unworkable proposals for the solution of certain social and political problems proposals which would co so far as to de prive a citizen of the riizht of trial hy jury, interfere with the right of an individual to operate and control his own private busi ness and even his own home," Faubus said. The Bulletin Friday, October 4, 1963 An Independent Newspaper Robert W. Chandler, Editor Clann Cuthman, Can. Manager Jack McDermott, Adv. Manager Phil F. Brogan, Associate Editor Del Ustelman, Circ. Manager Loren E. Dyer, Mech. Supt. William A. Yates, Managing Ed. fcnvnut i sMn1 Claw Matter Januiry 1 1517. at lha IVl Ifflot at ttfnd. or-rcin u- v A.-t of Mtrh X 15TJ. PuMlihnl daitjr t-ctc Sunday and certain holldai 6gr t tt bend bullttin, Inc. r1 , Washington Merry-go-rount. Bob Kennedy unleashes all out attack on crime net By Jack Anderson WASHINGTON A 47-man fed eral task force, using every trick in the enforcement trade, began a crackdown this week on gamb ling in the nation's capital. It has received written instruc tions to utilize the latest eaves dropping equipment, to cultivate prostitutes and narcotic addicts as informants, to seek out people with grudges against known gamblers, to use tax pressure and sex misbehavior to force reluc tant witnesses to talk. Plainly, Attorney General Rob ert Kennedy wants the task force to give no quarter in the battle to break the gambling syndicate. Kennedy's plans are known, however, to the top gamblers who managed to filch the confidential instructions from his files. Re sult: They hastily shut down gambling operations and lit out for the flcshpots of Miami Beach, Hot Springs, and Las Vegas. Task Force A-20-631, as the special anti - gambling squad is known, consists of 25 FBI agents and 22 treasury men under the direct control of the Attorney General. They haven't been deterred by the scattering of their quarry, who left plenty of tracks behind. For that matter, federal agents can stalk the gamblers wherever they light. The task force's no-holds-barred instructions direct: Prostitutes Can Help "Maximum use of informants will be made by the task force. This will include all known in dividuals who have in the past volunteered data on various types of vice operations. In this con nection, prostitutes, and known narcotic addicts are vulnerable to prosals from government in vestigators. . . ' Immunity from criminal pro secution can be a suitable reward for some individuals, who can be implicated by task force investi gations. Dissatisfied petty gamb lers and-or gambling clients should be exploited to give infor mation. "Monetary rewards can also be held out as an inducement for in formers, but it is recommended that any public knowledge of this authorization be restricted." The instruction sheet also sug gests baldly: "It should first be determined if the proposed in formant may he compromised through psychological makeup, sex activities, a promise of no ac tion against his friends, and speedy justice to those who he may believe are corrupting the gambling circles. A more gentle approach can be made to legiti mate individuals. . . "Net worth of persons under in vestigation will be rechecked and reappraised in conjunction with data obtained through surveill ance and informants. It is con ceiable that pressure of this na ture may be brought to bear against lesser figures in order to facilitate the obtaining of infor mation relating to major opera tions." Phone Company Cooperates The agents will keep a check on suspects' phone calls through the Chesapeake and Potomac Tel ephone Co. which has "promised complete cooperation In the task (one investigative assienments. "This will include the listing of any suspectod multiple telephone installations and reports of long distance calls to out of town loca tions and a us pec ted gambling fig ures." Undefined "technical assist ance" and "operation material" have been promised the task force with the caution: "This equip ment will be confined to the ob taining of investigative leads and will not be employed in actual arrests or be a part of any judic ial presentation." However, other "revolutionary devices" are available "which will greatly assist and accelerate the surveillance techniques" and which "can be brought into judic ial proceeding as legitimate evi dence." "This equipment is available and will be actively employed," directs the instruction sheet. "In the past months," it adds, "a general harassment policy has been employed against known gambling figures, but it has been determined that these procedures should now be curtailed and fu ture observations will be on a clandestine basis." Don't Trust Police "Limited liaison" will be main tained with the local police, ac cording to the confidential in structions, but "it should be stressed that certain police offic ials may, themselves, be the sub ject of inquiries relating to gamb ling and tax violations. "At the present time, more specific data is being amassed relating to recent activity of area police, vice and morals division . . .a more thorough check will be made of tax returns, net worth, etc , of those police, civil, and private officials suspected of cooperative attitudes toward vice operations." There is no doubt about it. At torney General Kennedy means business. SOBERING DIP BUDAPEST. Hungary (l'PI Hungarians arrested for drunken ness are to be put into a bath tub filled with "fresh, cold wa ter." the newspaper Ncpszava said today. Cosf of living rising rapidly in Indonesia By Phil Newsom UPI Staff Writer In hot and dusty Jakarta this week the price of rice had doubled over that of two months ago. In two years the cost of living had tripled and a month's pay for the average Indonesian could be expected to last less than two weeks. None of this seemed likely to be of great concern to Indonesian President Sukarno who long ago proved himself a man of nine lives so far as Indonesians were concerned and who early proved to himself that in a world dedi cated to peace, the role of swash buckler has many advantages. But both the price of rice and Sukarno himself were of concern to the United States. Suspicion Mounts There was a mounting suspi cion that Sukarno intended to eliminate not only Dutch and Brit ish influence from Southeast Asia but U.S. influence as well. As a ruler of a newly inde pendent nation, Sukarno has en joyed the best of three worlds. In Indonesia he has been named president for life. The Soviet Union built his military machine and the United States sustained him economically. "Without United Stales help, the Indonesian economy wouldn't last five minutes," remarked a British diplomat a few days ago. Taking Over Business In his mind were the fire blackened ruins of the British Embassy and Ihc British women and children flown from Indone sia when Sukarno loosed rioters against British installations in Ja karta as part of his confrontation against formerly British-held Ma laysia. In his mind also were the Brit ish business houses taken over by Sukarno on the claim it was to prevent their seizure by labor unions. To the British it had the un pleasant ring of events leading up to Indonesian take-over of West New Guinea from the Dutch. Sukarno never has been a man to permit logic to interfere with rhetoric. And so it was not es pecially surprising that he de nounced independent Malaysia as a British nco-colonial plot to sur round 100 million Indonesians with some 10 million Malaysians. Luck Running Out? It followed also then that Su karno should describe as a "blessing in disguise" his action in cutting off trade relations with Malaysia which normally takes about 27 per cent of all Indone sian exports. In the end, he said, it would make the Indonesian economy stronger. With Indonesian - trained guer rillas menacing its new borders in North Borneo and Sarawak, the immediate future of Malaysia is not a particularly happy one. t .:.. . ,. .. . - "J Barbs Proper sleep, regular meals and plenty of exercise will help you save yourself for old age. It was claimed that smoke over came five firemen when a bunch of girls ran from a dormitory fire in their nighties. Business ACROSS 1 Peanut . 6 Corporation II Trustee lor Roods J2 Ester m 13 Predicament 14 Bizarre 15 Unreal 17 Ancient Irish capital 18 Retain 39 Sheltered spot 21 Outfit 22 Superlative ending 2.1 Appropriately J HlDUCai pronoun 2ft Durable wood 27 Oversize 30 Weipht liM SI Stock-selling business 34 Vigor 37 Boy's nickname 38 Technical ab.) 39 Commanded 40 Image 42 Tea holders 44 Overall cloth 46 Garbs 47 Greek (comb, fnrmi 4R Madder 49 Worm tU Assistants nowv 1 Helmet type 2 Business suspension 3 Charitable gift 4 Without iljtin 5 Deatener idial i Although vu.) ? Debacle 8 UnRrasped tl Grievously 10 Contract 31 Ill-humors 13 Causeway 16 Appellation "0 Schedule 23 Small horse 24 Jack (enhbage) 2.S Asiatic ox 27 Food merchants 28 Orris extracts chem.) 29 Waste allowance 31 Card pan if Why don't we just call some ol the lulls' cloggy bathing suits peekenees? Hey wives ask hubby for what you can't have so you can com promise on what you really want. 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