Image provided by: Beaverton City Library; Beaverton, OR
About The Beaverton enterprise. (Beaverton, Or.) 1927-1951 | View Entire Issue (Dec. 22, 1950)
PTA CHRISTMAS PARTY DEALS WITH PLACE OF YULE COOKIES By M rs G ertrude P earson C E D A R MILL.— A holiday atm os- phere predom inated at the party sponsored by C edar Mill P T A T hursday afternoon , Dec. 14 in the school cafeteria. A dessert lunch- eon was served on tables decorated with w hite snow men, red candles and evergreens. A table o f C hrist- mas decorations, com plim en ts o f the garden club, was on display. C atherine L aughton o f the M ary Cullens cottage sta ff spoke on C hristm as food s, stressing the im - portance o f cook ies and C hristm as breads. Carol sin ging was led by Mrs. E dgar H oak. An assortm ent o f articles were con tribu ted for a fam ily C hristm as basket. Fred M attson is in ch arge (1 % ), and $500,000 per year inter MX est (2 X % ). T his would mean that •ach Session o f the Legislature would appropriate approxim ately $3,000,000 each biennium for the next ten Sessions. In this w ay the capital outlay o f $20,000,000 would be am ortized over a 20 year period. All business con cern s and e v e n hom e builders am ortize their cap ital investm ent on at least this period o f time. T here would prob r t , . ably be no necessity to increase the taxes o f the people o f Oregon if one o f these plans is adopted. I ,1% I m ight also point out to you that the m oney would on ly be borrow ed as needed. F or exam ple, during the first year m uch w ork would have to be done by arch itects and a lot of tim e would be consum ed in obtain ing bids for the work. C onstruction probably could not be started until the secon d year and would be paid for as it was earned. In other words it would take alm ost four years to com plete even a portion o f the building program . In addi tion, not all o f the buildings could be started at one time. It would take six to eight years to com plete the proposed program . T his spreading out o f the bor row ing would save a lot o f interest. But, the State does need a long range program backed by a d ef inite finan cing plan. E ither one o f M RS. these plans would accom plish that Beaverton purpose. At its com pletion the State Institutions would be caught up on buildings and very little ■Se»1»* I MI more would have to he done for at i least tw enty years. I have used only the State In -) stitutions' b u i l d i n g program In j these exam ples, but I can see no : reason w hy the Board o f H igher i E du cation 's program could not be ! put upon the sam e kind o f basis. STATE TREASURER SUGGESTS SOURCE FOR BUDGET BALANCE BEAVERTON ENTERPRISE — F n d o y , December 2 2 , 1 9 5 0 W alter J. Pearson, treasurer o f the State o f Oregon, is circu laris in a tie vote fo r the declared win- ing m em bers o f the next legisla ture and other leaders o f the state ner and B B R eeves, with a source o f funds through the H O N O R E D ON B IR T H D A S Mr. and Mrs. N. P. Johnson were use o f w hich there m ight be honor guests at a dinner at the ach ieved a balance o f the state W . L. H em py hom e F riday even in g budget. In his letter, the treasurer ou t D ec. 15. h on orin g Mr. Joh n son ’s lines a finan cial plan which, he birthday. believes, will m ake possible an s iS T K K O F T H E D A L L E S Guest at the W a yn e G ustafson adequate building program for honie last week w ere Mr and Mrs. state Institutions as well as fo r the R ob ert K ram er o f T he Dalles. B° ? rd o f H i* ber E ducation. Mrs K ram er is a sister to Mrs proposal follow s: tiu sta fson I ®*ate °* O regon has several n l H N Vj | C l IJB P O T L l’C K so-called trust funds, w hose bal- ances have grow n con sid erably Mrs. W illard R ain was hostess durln g the last decade. These funds fo r C ornell club W ednesday. Dec. have been t by (ht, ‘"r — C’ UU, " . ' T ' ™ — ' . * * *— t ~ T have been set up K b> J ’ th* ^ K * ‘ 3li* ^ ’’ J ^ e d for“ Dec V with ture fo r speciftc PurP ° « « '- N o one f ^ t lu ck lu n c h ^ n st noon in trust funds and it is my opinion that the present Supreme Court would follow that ruling. P L A N NO. J This secon d plan would be to issue bonds. T hese bonds could be sold to the various trust funds at a rate o f interest not to exceed 2 1* 'i- If the bonds ire supported by legal op in ion s of accredited bond attorneys, they could readily be con verted into ca>h should the necessity arise. I f aol i on a market such as now exists they would p robably yield a profit. I do not believe that the integrity o f the funds would be affected thru in vestm ent in these bonds. Because . .. .. . __, . ,, ?' ** iu M T L * t," n ,h <* bond3 cou d not 1“ u« d w ithout a vote o f the people. This nVigh7be“ done at *a specia7e'iect‘ion ° ther th a " th* B l S d ^ A N K A SSIST ‘ he sch ool cafeteria. W e surplus m onies these » " addU“ ‘" a, ‘ h* only oth er point that I can see T w o m em bers o f the B eaverton K A R fc N A N N K IN D R E D funds have been invested prim arily would be that since the bonds canteen unit from this area assist- Born to Mr. and Mrs. BUI Kin- ¡n bonds. It is getting m ore d lf- would be tax-exem pt they should ed in servin g at the B lood B ank at dred o f Eugene, O regon, at Sacred ficult each year to invest these be sold to dealers upon com petitive W est Slope, D ec. 11. H eart H ospital, D ec. 13 a girl, K ar- m onies ar.d make a good rate o f bids. Such sales would result in T h ey are M rs. H. R . Joh nson en Ann. interest. Y et, In ord er to accora- much low er rates o f interest upon and Mrs. N. T. Stevens. Mrs. K indred is the fo rm e r P atsy pijsh the purposes for which the the bonds. M A R IN E R ST O P S A T H O M E H einrichs, dau ghter o f Mr. and f und s were established, it is neces- Instead o f 2 ,*'V which we would S pending som e tim e at hom e is Mrs. W . I. H einrich s o f N. W . Cor- sary that they m ake approxim ately to the trust funds. th would O fi. 4 n 9 u .f i. /\n » V> r» ¡n iiA a lm a m » I ’ " to on the investm ent Charles H ickethier. H e returned nel> f'0»«1- Paternal grandparents undoubtedly be marketed at in early D ecem ber from a trip are Mr. and Mrs. W illiam K indred The funds are as follow s: interest rate o f I X t o 2 % and. with the M erchant M arine to A las- ° f E ugene. Industrial A cciden t Fund $30,000,000 because they w ould be tax-exem pt, kan points. --------- S egregated A ccid en t the interest rate might be even Stops included N om e and F air- A U X IL I A R Y M E E T Fund 16,000,000 lower. banks. B eaverton A u xiliary No. 25, C atastrophe Fund 900,000 U nder the State institutions' N E W F IR E DIST. D IR E C T O R USW V, will have its regular bus- R etirem en t Fund 29.000. 000 building program we would need Chris R eich en w on the decision iness m eeting on Saturday after- Land Board 10.250,000 to borrow approxim ately $20,000,000 by draw ing lots to determ ine the noon D ecem ber 30th at 1:30 p. m. in a ctiv e Funds 73.000. 000 under one or the other o f these w inner o f the Cedar Mill R ural the A m erican L egion Hall in a7 ° “_nt! - * rA - * PP.nOX: p 'an* 1 would suggest that the re F ire D istrict election fo r d irector B eaverton, O regon. | im ately what we invest each year, im bursem ent could be made at the w hen the executive board m et All m em bers are urged to attend, B ecause o f cash dem ands on In- rate o f $1,000,000 per year principal Thursday, Dec. 14 at the fire hall, by Mrs. D oroth y M icklesen. pres- a c tive Funds I doubt the advisabil- T h e election Dec. 4 had resulted ident. j jty o f using the last item in any lon g-term investm ent plan. At the present tim e a large j am ount o f these trust funds is already invested in State ob liga tions. I can see no reason w hy the em ployers, em ployees, or the public should o b je ct to the investm ent o f these funds, either as loans to the State or in the purchase o f State bonds, so lon g as they are general obligation s o f the State. H W h ile these funds have been set up b y sp e cific contributions, after all, they have been paid by citizens , o f the State o f Oregon and th ere fore belon g to the people o f O re gon even though held in trust. I f ! the State as a whole b orrow s frem these funds, I can think o f no bet ter guarantee o f their b ein g p rop erly returned than by a plan w hich m ight be provided by the L egisla ture. T he follow in g plans fo r fin an cin g the building program are based upon the above principles. F L A N NO. 1 The State m ight b orrow m oney d irectly from various trust funds, as w e have done in bu ildin g sever al State o ffic e buildings. T he main problem , particularly as regards the State institutions, w ould be % that they have no rentals to m ake # !* % m i the n ecessary paym ents on the prin cipal and interest. T his could be accom p lish ed by each Session o f the L egislature ap p rop ria tin g en ough m on ey to m ake the necessary paym ents. T his m ethod would be | the m ost direct and possibly the qu ick est and easiest to do. In m y opinion it would not be necessary to subm it the p rop osition to the voters. T he main o b je ctio n to it is that som eone m ight delay the procedure by takin g a test case to Court, possibly on the follow in g grou nds: (1) that o f exceed in g the debt lim itation o f the con stitu tion ; (2i the fa ct that no L egislature can H a lf M ile East Beaverton C ity Lim its bind con secu tive Legislatures, and possibly they m ight find som e Phone 4703 Beaverton, Ore other grounds. On the oth er hand the Suprem e C ourt has ruled that the State can b orrow from their ■■■A î û c n > l;iv y o u r li;i|»|»i n u s s m a l r l i Ilio tiri gli I n o s * of *)jj V a i o l i «lo. NATIONAL IRIS GARDENS S IG N IF IC A N T G IV IN G North Bend has an occasion for sign ifican t giving, on D ecem ber 22. j j The C O O S B A Y H A R B O R ex- j plains that on this date blood d o nors m ay give one o f the m ost precious o f gifts life to wounded servicem en in Korea. A rrangem ents provide for blood collected to be taken im m ediately to P ortland R ed Cross regional ! center, processed and flow n within 24 hours to the U. S. Naval Base in Oakland, C alifornia, w here it will becom e the p roperty o f the m ilitary. F rom there, after being rep ro cessed fo r double ch eckin g, the blood will be flow n im m ediately by m ilitary planes to Japan and K orea. It will be used within three miles o f the battlefields, a cco rd ing to the announcem ent. T here are m any servicem en from C oos C ounty who are reported in Korea. H O W A R D W EED Oregon I ea^ostò ! cXiViSfeui5 * We're deeply grateful for the gift of gour friendship. Your M erry Christmas is VT 3 S ì : in the bag this year. TERRY'S FURNITURE * merry Christmas •* ,, * - A bottom- v ^ of- the- * heart w ish for Holiday ‘ . . • happiness. J “ The • ) Bourbon 10 5 0 4 a A y -u „ /T t . « y y /A ° f ,hl ^ % * r- lg " 1 — Century"*/ ’ W T U / J J f i RICHARDS BARBER SHOP N ext Door to the Beaverton Enterprise •I v r :< :< * « Direct from our heart -a wish for a eery M erry i r h C . « « - MR < and MRS. R. M. C L IN E and EM P LO YEES « J ID EAL « < e : Straight Bourbon Whiskey * 86 Proof * ; National Distillers Products Corporation. N Y. 621 N W Canyon Road CLEANERS Beaverton 4 2 8 1 i I c i! I
