TWO 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. '
Hohelsel is considered one o(
the most pouular of southern
California's several hundred
callers, and his records are
favorites with many dancers ot
this region.
' Use MaU Trioune Want Ada
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