Image provided by: University of Oregon Libraries; Eugene, OR
About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (May 16, 1955)
FOURTEEN MEDFORD (OREGON) MAIL TRIBUNE Monday, May IS, 1955 Huge Expenditures Seen for Nuclear Power Plants During Next 10 Years Sizable Part To Be Invested on Uneconomic Basis By JOSEPH L. MYLER United Press Staff Correspondent Washington (U.R) Atomic industry said today it expects to spend more than $7,500,000 000 in the next 10 years on nu clean power plants. A sizable part of that sum said, will be invested "on an un economic or break-even basis'! before atomic power becomes - competitive with conventional energy sources. That is expected "some time after 1962." These estimates were made by the Atomic Industrial Forum Inc., of New York in what it said was the first survey of its kind, It said private atomic activi ties will mushroom again and again in the years ahead. Research Increasing "Research and development ef forts will continue to increase in size and productivity," the forum said, "until they double their current rates by 1958 and double again by 1965." The forum is a non-profit or ganization, of nearly 300 indus trial, research, and educational organizations and 800 individuals active in peacetime atomic de velopments. It based its survey findings on information supplied by more than 400 private organizations estimated to comprise 75 per cent of the total private U.S, atomic energy industry from a dollar volume point of view. The forum said non-govern ment organizations such as manu facturers, electric power com panies, and research institutions will spend about $300,000,000 of their own money in the next four years on atomic energy research alone. Big Business Seen Before large - nuclear power plants become competitive after 1962, the forum said, between 3,000,000 anud 5,000,000 kilo watts of electric capacity may have to be built and operated on an uneconomic or break-even basis. The forum estimated that in - 1963, makers of parts for atomic power plants will be doing business of more than $700,000,- 000 a year. Until then, or per haps until 1965, the biggest equipment market will be in atomic engines for submarines, other naval vessels, and aircraft. By 1965, with more than $7,500,000,000 invested in them, , power reactors will be consum ing atomic fuel at the annual rate of 8000 tons of uranium, in eluding 26 tons enriched in fis sionable uranium-235. Mora Scientists Needed "Also by'1965" the forum said, atomic energy developments, both government and private, will call for a total of 30,000 to 40,000 scientists and" engineers, or about double the number in both categories today." The report, called "A Growth Survey of the Atomic Industry 19o5-65, was released by Forum President Walker L. Cisler, who also is president of the Detroit Edison Co. "For the first time," Cisler said of the survey, "those indus trial firms which will be devel oping, manufacturing, and mar keting materials and equipment for the atomic energy industry have a realistic guide as to what will be required. American Business Off To Good Start Washington (U.R) Ameri can business set a record in the first three months of this year. The Commerce Department reported yesterday that the gross national product, the sum of total goods and services pro duced, hit a record annual rate of $370,000,000,000 during the three months. The department attributed the record production chiefly to new highs in auto purchases and home building. The anual rate compared with the previous rec ord rate of $269,000,000,000 set in the second quarter of 1953. The "gross national product" is regarded as the soundest baro meter of overall business condi tions. It reflects such things as personal income, dividends and consumer spending. LEFT EVIDENCE BEHIND Duluth, Minn. (U.R) A bad check suspect being chased by police got away but he fled so fast that he ran out of his hat and shoes. ' ' 3 Diggers of Suez Canal Faced With Possibility of Giving Ditch Awtiy Free WINNER OF TELEVISION SET Claude Johnson, 402 West Clark st., Medford, winner of the Judge-For-Yourself Task Force Truck contest sponsored by Courtesy Chevrolet, is shown receiving congratulations from Mayor Earl Miller. Jack Strong, sales representative for Cqurtesy Chevrolet is shown at left. The contest was conducted in conjunction with the announcement of 1955 model Chevrolet trucks and a 21-inch television set was the first prize. March Up Lausanne Street Like Scene From Motion Picture Film By ROBERT MUSEL United Press Correspondent Lausanne, Switzerland (U.R) I first saw the three trapped men climbing the steep hill call ed the Rue du Petit-Chene the Street of the Little Oak. One was fat with the gnarled hands of a laborer. One was lean, saturnine, elegant. And one was small and crippled. It was like a scene from a movie thriller. The fat man was a heart case. ' I could read it in his blue lips, hear it in his gasps as he leaned against a building to catch his breath. His companions made no move to help him. .The cold eves watched with something like contempt. Had he died on the spot, I am sure they would only have shrugged, tapped ash from their cigarettes and continued to ward their hotel near the Place St. Francois. I .thought there must be a story here and I wandered over to the hotel and talked to the concierge and to a foreign offi cial or two and this was the tale that emerged. European Men The three men were Eastern Europeans. As the war ended the lean, elegant man discovered where part of the Bulgarian gold hoard was hidden. He need ed a strong arm man and so the fat man was recruited. And to complete his plan he needed actual dies for minting Bulgarian gold coins. He got these from the crinpled man, a clerk in a government office He also got the crippled man as an accomplice. It was all so beautifully sim ple. They would mint actual gold coins and sell or spend them. It would be impossible to detect these coins from those officially issued. It was, in fact, a perfect crime. But in order to keep from excit ing suspicion by a sudden flood of gold coins they took only part ot what they minted, hid the rest and finallv arrivpd in Switzerland to? enjoy the fruits. There was only one possible danger. They might squeal on each other. This thought apparently -had occurred also to them and even more sinister people. For two stocky men began to drop into the hotel for tea almost every day. The first time the "brains" saw them he stopped as though hit. To an East European the identity of the men was unmis takeable. The Russian secret service had arrived. Fear trapped the three men as surely as though they were in prison. They watched each other, and the Russians, constantly: With nothing in common except their crime, they began to sus pect and hate each other. Who would crack first, beg for mercy, incriminate his companions? Remembered Men Well On my return to Lausanne I dropped into the hotel again. The concierge remembered the men well. They hd disappeared so suddely, leaving ; Vanished without few debts, like that. trace, just And those two stocky men Paris (U.R) A company that got rich by digging a ditch is doing more business than ever before. But at the height of the boom, directors of the company are meeting in Paris to talk about going out of business. The ditch is the Suez Canal. The company that built it "Compagnie Universelle du Ca nal Maritime de Suez" is fac ing the prospect of giving it away. It hasn't much choice. The company owns and operates the canal under a 99-year lease from the Egyptian government which became effective when the Med iterranean and Red Seas opened in 1869. When the lease expires in 1968 the canal will automatically be come the property of the Egyp tian government unless, some new agreement is negotiated. Company officials are doutful Egypt is interested in extending the lease. "The present Egyptian govern ment certainly wouldn't be," said Jacques George-Picot, the company's top executive. But he pointed out that 1968 is still 13 years away and a lot might hap pen in 13 years. crease in traffic has been tht spurt in mid-Eastern oil produc tion. Ten times as many tankers pass through the canal today at did before World War IL used to be curious about, the ones who drank tea every day? Come to think of it. they appar ently had disappeared too, at the same time.-Did monsieur think there might have been a connec tion? I will always wonder. Meanwhile, the company is working on the assumption the canal will be turned over to the Egyptians. Directors who met here this week are setting up a plan to give present stockholders shares in a new investment trust to be formed with the more than 32 million dollars in securities which the company holds. Many a 19th century financier lived to rue the day that he turned down a chance to invest in the canal. Ferdinand de Les seps, the French diplomat who spearheaded construction of the canal, sold the original stock is sue easily enough in 1858 but by the time the canal was complet ed it had cost twice as much as originally estimated. De Lesseps had to arrange loans and even set up a lottery to raise money to see his dream realized. Dream of Napoleon The Suez Canal had been a dream of Napoleon, too, but he dropped the idea when his engi neers informed him erroneously that the level of the Red Sea was 30 feet higher, than the Mediter ranean. ' While French capital account ed for most of the original in vestment, the British bought a big block of stock in 1875. The present board of 32 directors in cludes 16 Frenchmen, nine Brit ons, five Egyptians, one Dutch man and an American former ambassador to Egypt S. Pinck ney Tuck. The biggest reason for the in- 1 Unltd UniTED. . . Fastest along the Coast and to tho East! SMI FMUXISC0 SEATTLE DENVER 6 h. CHICAGO !0'4 hrs. JEW YORK .o.,, Two flights daily both North and South in the world's most advanced twin-engine airliner United's Mainliner Convair. Airport Hrminal. IN MEDfOKD CALL 3-3643 or on aufhoriztd araveJ estiil. GHz) TMMaU IT'S A PSYCHOLOGICAL FACT: PLEASURE HELPS YOUR DISPOSITION wur dkposfffofi -today It's natural to feel "edgy" sometimes when little annoyances pile up. Did you know that psychology says one help to your disposition is your everyday pleasures? They're really Important. That's why, if you're a smoker, the wise choice in cigarettes is the most pleasure-giving cigarette. That means Camels. r EXPERT LAWNMOWER SERVICE Sharpening , Repairs Power Mower Repairs Brigg-Stratton Clinton Power Products Parts and Service SIMS CYCLE & HOBBY SHOP 23 No. Fir Phone 2-2472 Daily's U-Driva Medford Airport llllllllll r fsiore pure pleasure-have a Yes, it's wise to choose your cigarette for the pleasure it gives you. Because pleasure helps your disposition. And most everybody knows that the most pleasure-giving cigarette is CameL No other cigarette has Camel's richer blend of mild, costly tobaccos. No other cigarette is so rich-tasting, yet so mild. No wonder Camels agree with more people than any other cigarette! Remember ... A cigarette that short-cuts you on flavor does not give you Camels' pure pleasure. So, have a Camel!
