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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (June 9, 1950)
TEN MEDFORD (OREGON) MAIL TRIBUNE Friday, June t. 1950 Investment for Businessmen By Roger W. Babion Babson Park, Mass., June 9 (Special to Mail Tribune Many of the letters which come to me are from small investors who have not funis enough to sub scribe to a re liable i n v e st- ment advisory service. These, I try to answer frankly and freely. Recent ly, ho w e v e r, letters are com ing from busi nnssmen who haven't had any investment experience, al though successful in their own K,,an:x With SUCn iUllVlS mind, I am writing this col umn. Tlnlpsa World War III sudden ly comes, I see no "business bust" in sight. In fact, so long as the cold war continues, Presi dent Truman may be justified in artificially inflating business to avoid unemployment, mereiure, , I see nothing for the business man to worry about at the mo ment. On the other hand, some day there will be a "bust" when stock prices and many commod ity prices may sell for one-half what they are selling for today. This means that a good bank ac count is the best insurance and investment for a businessman. Government Bonds Valuable For Paying Death Taxes Many successful businessmen have all their money in a fac tory, or store, or real estate. They have made no provision to enable their family to pay their "death taxes" so-called. As a result, the family has been ob- MEDFORD PHARMACY 127 E. 6th Just Off Central 9 A.M. - 10:30 P.M For Complete Prescription Service DAY and Night Call 2-6253 If No Answer Call 2-8582 Prompt Free Delivery Baby Needs Sick Room Supplies Rentals JIM GORDON Bidgood Hudson Medford'e Own Modern Pharmacy liged to sell, or mortgage, the business in order to pay these taxes. If the death should come during a depression, this could be very serious. The govern ment agrees, however, to take the U. S. government 2'4 per cent bonds due lb7-7i in pay ment for these taxes at their face value upon death, even if government bonds at that time mav be .selling at a discount. Therefore, businessmen should figure now what their death taxes will be and always keep enough of these government bonds on hand to pay the tax in an emerKencv. These bonds, however, should be the personal property of the man and not owned by nis corporation. Long-Term Corporation Bonds Not Good Investment These are the bonds which are commonly advertised. They are mostly bonds of utility com panies paying only about 3 per cent. They are good investments for insurance companies and other institutions, but I see no reason why a businessman should buy any at this time. This also applies to most preferred stocks. Even nontaxable bonds are sen lne too high at the present time. Therefore, I think that the busi nessman should forget bonds un less they have attractive con vertible features. Merchandise Stocks of Leading Chain Stores Advised Businessmen who want to buy stocks at this time might well consider merchandising stocks, especially those of the leading chain stores. Such corporations have few labor troubles; they do a cash business and have a turn over of four or five times a year, and if out of debt, they can take care of themselves whether we are entering inflation or defla tion. Let me take this occasion to say that during the next few years the greatest opportunities will come to those employed in selling. It will be easy enough for businessmen to get goods manufactured but the difficulty will be to sell them. Young peo ple who are graduating this month from college and high school will be wise to train to sell, even if it means house-to-house peddling. Productive Real Estate Seen Prime Investment As a rule, most businessmen have enough in real estate, but I still feel it a prime investment. Well located suburban acreage should be the most desirable. Small fertile farms near settled communities should be good in vestments. I like growing wood land which belong to "no union," and "works" day, night, holidays and Sundays. I don't care much for buildings or houses. Most well located land is constantly growing more val uable; but nearly all buildings thereon are constantly growing less valuable. Wise businessmen will liberal ly invest in the family's health, education and spiritual develop ment. In fact, to be niggardly re garding these things is very dan gerous. The truly most import-, ant Investments are those in the Attractive Triangle mmm xmmm Pineapples always mean easy crocneti wny not begin now on this all-pineapple design chair set? It goes with everything. Add a delightful touch to any chair with a pineapple - design set. Pattern 7321; crochet direc tions. Our improved pattern visual with easy-to-see charts and pho tos and complete directions makes crochet and knitting easy to do. Send TWENTY CENTS in coins for this pattern to Medford -Mail Tribune. Household Arts Dept.. P. O. Box 5640. Chicago 80. 111. Print plainlv NAME. AD DRESS with PATTERN NUM BER. Our ALICE BROOKS Needle work catalogue is the best ever! Send twenty cents in coins now for your copy. Illustrations of designs for crocheting, knitting, embroidery, cuddle toys, house hold and personal accessories. Free needlework pattern printed in book. j U f .fw feu Boy Scout News Troop 9 Troop 8 was to leave Friday morning on a trip by trail down Rogue river from Galice to Ag ness. At Agnoss they will take the mail boat to Gold Beach, where they will stay one night. The trip will take five days. Thirty-five boys from Troop 9 will make the trip, accompanied by four adults. Sydney Arnaud, Scribe. unseen and intangible. There is no use in working hard to make and save money and then have it dissipated by children lacking in good judgment or good religion. PBI7B SADDLE ON DISPLAY The hand-tooled Hamley saddle shown above will be the prize for which cowboy riders will be competing in the Rogue River Roundup here tomorrow and Sunday. The saddle is now on display at the Jackson County rharnhpr nf Commerce office on South Riverside avenue. The saddle, shown above with Queen Kathryn Lazinka of the Pendle ton Roundup and famed cowhand Jerry Ambler, is offered by the Pacific International Livestock exposition to the top point man in all shows where Christcnson brothers bucking and riding stock is used. The Grange Butte Falls Grange Butte Falls Grange celebrated its first anniversary Monday night in the high school audi torium which was decorated with rhododendron from the coast, roses from Central Point, and columbine from local gar dens. Plans were made to co operate with the Union and the Gun club in building a commun ity hall to be started soon. Earl Remsen was elected assistant steward, Charles Jenk ins resigned because of illness In the family. William Howes, state overseer, performed the installation. Master Ted Freden- burg and Mrs. Fredenburg ex pect to go as delegates to State Grange in Ontario, June 12-16 Everett Moore was elected alternate. During the lecture hour Mrs. John Hoist gave a brief history of the local Grange. Later Mrs. Howes asked to take the scrap book to State Grange for display. Mrs. Clarence Hickey gave a comic reading. Ladies attending were given corsages and the men bouton- meres made by Mrs. Frank Carson, Mrs. Kincaid and Mrs. Hoist of the Garden club. A special feature was the buffet table lined with ribbons of Grange colors with a center piece of wild Indian moccasins brought by Mrs. Elga Abbott. Mrs. Kincaid poured and Mrs. 29 Fire Alarms Sound In City During May Medford fire department an swered 29 alarms during May, including one false alarm, a re port from the city superintend ent's office revealed. Equipment was in service a to tal of 8 hours 25 minutes and 800 feet of hose was laid. The department made 23 inspections and removed 15 hazards. It is sued 235 permits to burn and ap proved three gasoline storages. Also 17 drills with equipment were held. There were nine school sessions in the station. Two gas mask drills for both regular and call men were con ducted at drill grounds at the old disposal plant. All pumpers were tested for drafting. Hoist served pastel-colored birth day cakes. Guests from Gold Hill includ ed Mr. and Mrs. William Howes, Mr. and Mrs. Ray Cameron, Mrs. Beman, Mrs. Nina Dusen berry, and Mrs. Millie Walker. Guests from Eagle Point were Mr. and Mrs Thomas Vestel. Home Economics club will sell soft drinks at the Cave Junction Butte Falls baseball game on the local field next Sunday. Next meeting of the club will be at Mrs. John Henshaw's, Wednes day, June 14 at 1 p.m. Roll call will be something about Father's Day. Mrs. Clay Conley and Mrs. Elga Abbott will be co-hostesses. Note from Behind Iron Curtain Translated Portland. Ore., June 9 (U.R) A note, believed from behind the iron curtain, was translated here. Mrs. Boris Milski. a Russian f,.aM trnnslntpH the message for Mr.' and Mrs. Theodore But- zer of Portland, who found it in a bottle on the beach at Oyster ville. Wash., last week. The message, signed by Mih hail Goreff in 1948, begged the finder of the bottle to "give news" to an address in the Soviet Union. Mrs. Milski believes the writer to have been a prisoner on his ,,. In fiihortn lpnvinff nntire of his whereabouts in the hope that relatives migm learn wnui Hap pened to him. Thp Rul7.ers found the bottle while walking on the beach. BLOOMING CLEVERI Detroit (U.R) Frances Hill, 24, described by police as a "bloomer girl" shoplifter, was sentenced to 90 days in jail. Po lice said a companion snatched jewelry and clothing in a depart ment store and stuffed them in Miss Hill's capacious bloomers. Use Mail Tribune Want Ads According to a Twentieth Cen turv fund report, unions have grown fivefold in the United States since 1932. The economy of Turkey is four-fifths rural and agricultural Her 40,000 villages have changed little in a thousand years. 4b Yet, yea cee de e profmisMl reiWiln ob wll evr templet, oiy-to-v Clark (irrtal hpilpMM. Son Him end awiwy end give your eon mw twenty end hntre-we hirahk ell qulpawnt, awterlab end cample liUnKtiev OUR RENTAL PLAN INCLUDES EVERYTHING PHONE YOUR RESERVATION TODAY Cram & Mohr Hardware Go. HERB CRAIN 225 East 6th Street EMIL MOHR ARE YOU GETTING THESE EXTRAS FROM YOUR BRAND? You Get Them in CARSTAIRS ! FLAVOR BOUQUET SMOOTHNESS MILDNESS to to to to BXTRh FLAVOR tXTRA BOUQUET IXTRA SMOOTHNESS EXTRA MILDNESS PINT v$320 45 QUART The Man who Cares... says CARSTAIRS White Seal TASTES BEST COSTS LESSl CARSTAIRS BROS. DISTILLING CO., INC., LOUISVILLE, KV. 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