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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (May 9, 1952)
Friday. May 9. 19J2 MEDFORD (OREGON) MAIL TRIBUNE SEVEN Opinion on Questions In Steel Mill Grab By LYLE C. WILSON Washington U.R) In the lideshow area of dispute over President Truman's seizure of the steel industry are a couple of questions on which the ex perts differ. Union economists insist: 1. That Mr. Truman's broad cast analysis of steel profits was correct and proper. 2. That steelworkers deserve a fat wage hike to maintain their earning power in relation to liv ing costs and to other workers. Economists Said Wrong- Management says the union economists are wrong. The monthly letter of the National City Bank of New York states the case for management in its May issue. The bank reported that average hourly earnings in selected major industries for the fourth quarter of 1951 ranged from $0,921 for laundry work ers in 25th position to $2,236 for John L. Lewis' soft coal miners at the top of the list. Graph Shows Wages Up Blast furnace, steel, and roll ing mill workers were in seventh position from the top with an Send ORPUT to the July RV publican Convention as YOUR Eisenhower delegate. He gefs fningt don . . . at his record in buiinots, public tervice ond community enterprise provett 1941 PLYMOUTH TUDOR $29500 WEE WILLIE WALKER 3rd & Central hourly average of $1,887. A bank graph showed hourly steel wages up sharply compared with con sumer prices since 1947-48. These workers averaged slightly more than the hourly earnings of all manufacturing workers. Mr. Truman's broadcast put steel profits at $19.50 a ton now against $11 before the Korean police action. Management in stantly objected that Mr. Truman had omitted the fact that the $19.50 earning figure was before taxes, Mr. Truman said his was the correct way to assay profits. Management said pre -Korea profits after taxes were $6.82 a ton compared with $6 after taxes today. Three-Part Argument Management's argument on the profit question is roughly in three parts. First, that Mr. Tru man's profit statement was de ceitful. Second, that industry generally and without challenge has taken the position that taxes are just as much part of the cost of doing business as labor or ma terials. Third, that to divert a large proportion of steel profits before taxes to workers would be an unwarranted raid on treasury revenue. Prof. Simon N. Whitney, New York university, was quoted by the bank letter as follows: Double Tax Figured "True, steel workers will pay taxes, but so would stockholders. What the government counted on was the double tax, ranging from 52 to 82 per cent on cor porate income, plus the taxe on dividends. "I have been noticing with some amazement the spetcacle of the national executive strug gling to transfer income from companies to workers, mainly at the expense of the treasury it self, partly perhaps if divi dends Bre affected at the ex pense of stockholders, but cer tainly at the expense of money for reinvestment. EUGENE MARINE KILLED Washington (U.R) The De partment of Defense Friday an nounced that Pfc. Leonard L. Smith, Marine Corps, son of Mrs. Rheba W. Smith, 341 East 16th street, Eugene, has been killed in action in Korea. WEATHER By United Press North California: Fair' Friday and Saturday, The Chetco Inn AT BROOKINGS BY THE SEA AND ON THE CHETCO RIVER SPECIAL EVENTS Saturday evening., May 10, 1952 FIRST ANNIVERSARY DINNER The Medford Prentice Accordion Band will play in the Lobby on Saturday ' MOTHER'S DAY DINNER AND MOTHER'S DAY CAKE Sunday, May 11th, Week-end rate for 2 persons from $12.50 to $17.00 de pending on selection of room. Includes both dinners and breakfast. 1 ssl OFFERING SELF AS GUINEA PIG in Denver to prove anti-snakebite serum is unnecessary, Bernie Wendt, co-owner of reptile farm, holds out arm as diamondback rattlesnake prepares to strike sec ond ti.ne. First bite Is circled. Nurse gave him first aid with suction cups and he reported no ill effects. (International Soundphoti) Foots Creek Foots Creek Mr. and Mrs. Jack Crouch returned last week from Ontoria, Calif., where they visited relatives. Mr. and Mrs. Charles Ding man of San Diego, Calif., spent last week at their home here. While here -they placed their home on the market as he is in the service. Mrs. R. E. Stephenson of Dak land, Ore., spent April 1 and 2 here with Mr., and Mrs. C. O. McLallen. Mr. and Mrs. Clyde Crimmel, who have spent several months at their home in Long Beach, Calif., returned May 3 to their home here, on the river adjoin ing the Lance home to spend several months. Mr. Crimmel enjoys the fishing here. Mr. and Mrs. Oscar Snelllng of Glcndale, Ore., and Mrs. George Lance were dinner guests of Mr. and Mrs. Frank Daily on May 2. The Snellings returned April 29 from San An tonio, Texas, where they had spent two weeks visiting their son Forrest and wife. Forrest, who is in the service, was sta tioned in Germany for some time but is now at San Antonio. This was the first time the Snell ings had met their daughter-in-law. Mr. and Mrs. Robert Cowie spent last week visiting their son Robert and family at Beav erton and another son, Marshall and family, at Vancouver, Wash. Friends here of Walt Kill, who recently underwent surgery at a Grants Pass hospital, are glad to know he is getting along well. I Dead line Sunday Classified. nnon Snturnoys I IT " ... v j Chnjsler fWer Steering! Power steering la the greatest motoring advance since the self-starter . . lets you park in the tightest squeeze with no effort at all! Makes steer ing 4 times easier, safer in ruts and snow. It's the new effortless, safe way of steering ... another Chrysler first! Stop in or phone your nearby Chrysler-Plymouth dealer. He'll be glad to demonstrate the wonderful new Chrysler at your convenience. DRIVE A HAMLIN MOTOR COMPANY 121 NORTH BARTLETT STREET Phoenix To Hold Commencement Exercise May 27 Phoenix Commencement ex ercises for Phoenix high school seniors are to be held May 27 at 8 p.m. at the high school gym nasium Dr. John McAulay of Southern Oregon college will address the graduating class. Leading the class in scholastic honors are Shirley Schultz, vale dictorian, and Mildred Duzs, sa- lutatorian. Melvin A. Lattie, chairman of the school board, will award the diplomas. The program will include mu sical numbers by members of the high school music department. Baccalaureate services for the graduates are to be held at the Phoenix Presbyterian church at 11 a.m., Sunday, May 25. . To Hold Open House Open house at the Phoenix high school will be held Thurs day evening, May 15. All parents and school patrons are invited. Displays and exhibits by the various high school rooms and departments will feature the evening.' A short program by the high school music department will be presented in the gymnasium at 8 o clock. Refreshments are to be served by the home econom ics department during the eve ning. A-Weapons Replace Conventional Arms New York (U.R) Army Secretary Frank Pace Jr., said Thursday night the Army is re placing conventional weapons with new "devastating" atomic arms. Pace told the convention of the Natiqnal Wool Manufact urers Association here that ev entually atomic weapons will give the nation more military power per defense dollar than conventional ones. "As atomic weapons pass from blueprint to hardware," he said, "we are adding them to this arsenal. 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