Medford mail tribune. (Medford, Or.) 1909-1989, March 10, 1950, Image 14

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Medford mail tribune., March 10, 1950, Image 14

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Newspaper Page TextTWO MEDFORD (OREGON) MAIL TRIBUNE Friday. March 10, 1950 Babson Discusses Thrift Eagle Point B Rooir W. Babion Babson Park, Fla., Mar. 10 (Snecial to Mail Tribune) My column thli week will probebly result only in a waste of good newsDfint. but I will at least feci better by telling readers what I tmnk. Next to the Importance of character and health, the habit of thrift is of primary importance for business iuc cess. Statistics will show that usually, men who save a little every week irom their school days on, will some- dav have an IndeDendent bus ness of their own; while those who snend all they get are al ways obliged to work for some one else. The wife's part In this is also very important. An old saying Is that a woman can waste more at the spigot than a man can pour Into the bunghole." I have Graduated thousands of vountr men into business posh lions. Their success or failure has largely been determined by their spending naDiis, mosuy determined by the wife. 'Old Man Liquor' Called Enemr Of Thrift I believe that an enemy of thrift is "Old Man Liquor." Not only do I believe that a large proportion of the money spent thereon Is wasted, but that liquor is a cause of much crime and poverty. To my mind a most fool ish part of the liquor prooiem is the way many young married people spend money on "social drinking." Readers may argue It does "no harm," but I surely be lieve It usually is waste of money with which the family could buy something more use ful. Many such families are al ready in debt. This, in my opln ion, U crazy financing for these families. Enemy 2 is the installment habit. The exponents of this hab it claim "it is forcing people to save." Yet it is far better to de velop self-control and save money first and then buy what you want and get the 10 per cent cash discount. Thus, my ad vice to young people with am bition is to keep away both from social drinking and Installment buying. It is easy to become a slave to either, but it is hard later to get free from either. Salesmen want you to buy on the installment plan because it is so highly profitable to them. Although your indebtedness may be reduced by one-twelfth each month, you usually pay Interest at the full rate for the full time. Thus, an Innocent-looking 6 per cent Jumps to about an 11 per cent per annum basis, on the average loan outstanding. Montr Can Be Mad To Double In 12 Years On the other hand, the money which you save will double ev ery 12 years If properly invest ed. Ten dollars saved weekly at fl per cent (which most good stocks now pay) can become $23,748 In 20 years. Once I asked Thomas A. Edison, "Who is the world's greatest Inventor?" He replied at once, "The man who invented compound interest. Compound Interest Is offered on the same terms to every u. &, family. This gives a return on $1200 at 6 per cent of about 20 cents a day. But listen what compound interest means when we waste money. Unnecessary spending of $5 per week means throwing away the annual in come on $10,000 of U. S. govern ment bonds at today's rate of ZVi per cent. The Interest which most readers, airecuy or inai rectly, are paying could make them wealthy if saved and prop erly invested during their lite- times. Americans Unfortunately Neglecting Thrift Religion, hard work, thrift and education made America the world's greatest nation. As we neglect any one of these, our country is in danger. Unfor tunately, we are now neglecting thrift. Millions of families are going Into debt for things they really don t need, while our gov ernment Is going into debt, now in peacetime, at the fearful rate of $3uu,uuu every hour ot every day. Debt and credit have their use fulness, but both are now being overstrained. President Truman gave a rosy outlook as to what our "income would be in 1954, but he did not tell us how much each family then would owe The fiscal policy of most fam ilies and politicians is now cock eyed, we ail should wake up to the dangers of debt, both per sonal and national, or Joe Stalin may get us. I have a friend. J. T. Barton of Lake' Worth, Fla., who has published a booklet showing How to Acquire the bavins Habit " He also originated a pocket piece which everyone should carry. He will send you one of his booklets, free, upon request. Please send him a three- cent stamp. Virginia Hill Swings At Newsmen, Photogs Chcaizo. Mar. 10 !U.R) V rl glnla Hill, wealthy one-time girl friend of gangster Beniamln (Bugsy) Sicgcl, swung her fists today at newsmen and pnoiog rathers asking about her recent marriage to an Austrian ski in structor. "Why don't you let me alone? ' she screamed at questioners as she came out of her suite at the Ambassador East hotel. She has been secluded at the hotel with her new husband. Hans Mauser, who the justice department says faces deportation proceedings. Miss Hill grabbed one photog rapher by the hair and knocked the camera from the hands of another before she fled into an elevator across the lobbv and and away in taxlcab. PI FILS forrie ecou t o8'o-vl New York. Mar. 1 0 (U.R) Five men held uo the Long Island City branch of the Manufactur er Trust company today and es caped with $64,000. Eagle Point, Mar. 10 Englo Point Is growing so fast it is hard to keep posted on all the building activities around town. George Holmes is putting up four new houses on the part of the Wm. Hurst property he recently purchased. Two four-room homes are completed, the others, a five roomed one and a six-room, are still under construction, but are already sold, one to Marsh Gar rett, the other to Johnnie Small. Contractor R. H. Puddycomb Is getting the equipment and ma terial on the ground to start erection of a strictly modern four-room school building for the upper grades, on the lot ad joining the Fred Arnes property here. It will be of pumice blocks and will have north lighting, ra diant heat and all other modern equipment for a grade "A" school building. Approximate size will be 32 by 33 feet and actual work will start as soon as material is on hand. Richard McCorklc, son of Mr. and Mrs. Dwight McCorkle of Eagle Point, who Is one of the contestants for the KYJC Orig inal Amateur Hour auditions In Medford, can rest assured that the people of Eagle Point and vi cinity will be voting and pulling for him in this contest in every way possible. Mr. and Mrs. Lew Mortenscn, who lived here during the win ter, left recently for their home in Dunsmuir, Col. Bennie, the infant son of Mr. and Mrs. Jack DeBennedetto of this place, who has been serious ly ill in a Medford hospital, is improving fast and will soon be brought home. S. Slit. L. D. Newstrom of the 99th St. Rec. Sqd. of Fair- fielcl-Suisun air force base in California, left March 7 on his return to the base after spending a few days here with Mr. and Mrs. wm. perry and other rela tives in this locality. He is a nephew of Mrs. Perry. Mrs. Amy Brown returned to her home here about March 1 from 10 days' visit with friends in Burlingham, Cal., and sur rounding towns. Visitors of Mr. and Mrs. Orvil Henderson March 5 were Mr. and Mrs. Otho Gosncll of Rose burg and Mr. Gosncll's half- brother, wife and young son, Mr. and Mrs. John Contance of Amarillo. Texas. Mr. and Mrs. S. F. Smith of Crescent City, Cal.; Mrs. B. J. Wymore and two daughters, Dec and Judy, of Meniord. and Mr. and Mrs. Jack De Benedetto and daughter, Marian. Mr. and Mrs.- Lincoln Pence returned last week to the Toke tee Falls project where Lincoln was employed until the bad weather forced a shutdown of the works. They expect to be there all summer. Mr. and Mrs. Wm. Perry and Mrs. Perry's nephew, S. Sgt. L. D. Newstrom, drove to Grants Pass March 5, where they at tended the 8ilrd birthday party of Sgt. Newstrom's grandfather, Chas. Newstrom. On February 22 the three boys and three daughters and families of George Putman of Eagle Point surprised him with a party at his home here, in honor of his 78th birthday. The three sons are Ed. Francis and Louis: the three daughters are Christine Linder, Florence Roush and 50C Gilts Listed By President Of School Ashland, Mar. 10 Six south ern Oregon groups have donated 19 scholarships and gifts amount ing to $1,865 to be awarded to Southern Oregon college stu dents, according to Dr. Elmo N. Stevenson, president of the col lege. The gifts will be included in the docket for public accept ance by the state board of high er education at its March meet ing. Donors Include the Grants Pass Klwanis club which donated two scholarships of $200 each; the Lincoln PTA in Ashland which donated $25: the Ashland Elks, ten $90 scholarships; Ash land Kiwanis club, three $90 scholarships; Ashland Soroptim ists, one $90 scholarship. Dr. Stevenson also announced that other service organizations have contacted him requesting information aljout needs of stu dents and procedures for dona tions to student aid funds. Minnie White. All live here ex cept Louis, who lives In Med ford. The neighbors and friends of the family wish them many more happy birthdays and family reunions, utnor guests at the party were Mr. and Mrs. Bill Werner. Mr. and rMs. Bill Strode and daughter and Jerry warner oi Meotord. Nine billion nine hundred mil lion dollars worth of home fur nishings will be bought in 1950. Foots Creek Foots Creek, Mar. 10 Foots Creek Extension Unit will meet March 10 at 11 a.m. at the com munity hall. Project leaders, Mrs. Riley Burke and Mrs. D. Mitchell will demonstrate mak ing lamp shades. Everyone is to bring their own table service. A few friends unexpectedly dropped in on Miss Gladys Ben nett March 4 to help her cele brate her 18th birthday. Mrs. Cora Taylor has returned tn her home at Summit City after a ten day visit at the home of her son-in-law and oaugnier, rar. and Mrs. Charles McLallen. Mr. and Mrs. Nedd Joyner, Betty Joyner, Joan Porbs, Lois and Edna Stewart, and Mr. and Mrs. Ralph Frantz were among those from here attending the basketball game at Klamath Falls. Mrs. Tom White and Mrs. George Lance were dinner guests March 1 of Mr, and Mrs. Forrest Bradfiold. Mr. and Mrs. Nedd Joyner have had as guest the past week Mr. Jovner's mother, Mrs. Lola Joyner of near Los Angeles. Mr. and Mrs. u. w. uimenson have moved from the Snelling rental home to their new home which they have completed, ad Joining the Chalker motel. Mr. and Mrs. G. Patch and three small daughters have mov ed from the Hollenbeck prop erty to property adjoining the Ed Grubbs home. Ben Harrison had as guests last week his two sisters of Myrtle Point. Use Mall Tribune Want Ads AUCTION SALE Sunday, Mar. 12, 11 A.M. - Bonanza, Ore. Hiving leased our ranches we will tell at Public Auction the following 25 Miles East of Klamath Falls to Bonanza Follow Signs to Sale. MACHINERY T-D 14 CAT. 1200 hours FARMALL TRACTOR, Model M, 1945 J-D TRACTOR, Model O, 1942 2 J-D VAN BRUNT GRAIN DRILLS, like new 2 CASE COMBINES, 1 6-ft., 1 9-ft. 2 1945 CHEVROLET Hi TON TRUCKS SPUD PLANTER, 2 row, like new McCORMICK POWER MOWER, 7 ft. McCORMICK SPUD CULTIVATOR DYER SUBSOILER McCORMICK SIDE DELIVERY RAKE McCORMICK MANURE SPREADER OLIVER DUMP RAKE OLIVER TANDEM DISC, 10 ft. OLIVER POWER MOWER, 7 ft. MOLINE TUMBLE BUG PLOW, 2 bott. 16" MOLINE PLOW, 4 Bott., 16" J-D PLOW, 3 Bott., 16" J-D CHISEL, 12 ft. J-D HAY CHOPPER and BLOWER J-D KILLIFER OFFSET DISC, 12 ft. EVERSMAN LANDLEVEL, 9 ft. DYER OFFSETT DISC, 6 ft. A C CHISEL, 5 ft. WEST COAST RIDGER, 6 ft. V DITCHER 2-WAY FLAT BOTTOM DITCHER All Kinds of Other Machinery and Miscellaneous. Tools and Equipment. This machinery is in good condition and soma not over a year old. Plan Now to Attend This Sale. TERMS CASH LUNCH AVAILABLE Fred Mullennax - Hirson & Beal, Owners R. E. "BOB" RHODES, Auctioneer President Rejects Military Men On AEC Washington, Mar. 1 0 (U.R) President Truman today reject ed a suggestion that military men be added to the atomic energy commission. The president said that con gress originaily intended atomic energy in this country to be un der civilian control and that is the way the matter will stand. He made this clear when ques tioned about a suggestion by Sen. Millard Tydings, (D., Md.). chairman of the senate armed services committee, that one, or two military figures be made members of the five-man commission. Copper mines of Butte, Mont., have supplied 13,000,000.000 pounds of copper since they were discovered. Dance Jamboree To Raise Y Funds Sponsored by the YMCA square dance group. Jack Hoheisal, popular caller of square dance figures, will be in Medford March 25 to aid with a square dance jamboree. The jamboree will serve a double purpose, providing square dance enthusiasts of Rogue valley with the opportunity for an evening of dancing, as well as helping the YMCA group raise funds for the purpose of new sound equip ment for installation in the "Y" building. All proceeds from the benefit are to be used for this project. The dance is to be held in the Medford senior high school gym nasium from 8 p.m. to 12 mid night. Tickets for dancers and tickets for spectators who pre fer to watch rather than dance will be available. 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