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
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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
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makes crochet and knitting easy
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coins for this pattern to Medford
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Dept.. P. O. Box 5640. Chicago
80. 111. Print plainlv NAME. AD
DRESS with PATTERN NUM
BER.
Our ALICE BROOKS Needle
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Send twenty cents in coins now
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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.
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The economy of Turkey is
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Her 40,000 villages have changed
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