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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Sept. 21, 1955)
o FOURTEEN MEDFORD (OREGON) MAIL TRIBUNE Wednesday, September 21, 1955 Democrats Promise Probe of Blocked Air Force Agreement OX G Wall Street Banker Accused of Misrepresentation in Committee Probe of Administration's Power Policies Washington (U.R! Sen. Jo seph C, OMahoney (D-Wyo.) to day accused a Wall Street in vestment banker of represent ing himeslf "incorrectly" to stockholders in a fight over the proposed merger of two Wash ington state power companies. O'Mahbney leveled the charge at Chandler Hovey Jr:, a part ner in the New York investment banking house of White. Weld & Co., as a Senate Anti-Monopoly- Subcommittee opened a broad scale- investigation into the administration's power poli cies. The subcommittee's first . ob jective was to try to determine if New York private utility in terests are trying to establish a national monopoly on electric power. As the lead off case, the subcommittee dug into the at tempted merger of the Washing ton Water Power Co. of Spo kane, with the Puget Sound Power & Light Co. of Seattle. Letter Urged Merger Hovey was a member of a "Stockholders' Committee for Puget Sound Power & Light Co.", which on July 20, 1955, sent out a letter to stockholders in the company urging support of the controversial merger plan. The Securities and Exchange Commission subsequently order ed the committee to withdraw the letter on the grounds that it was, in effect, a proxy solicita tion and did not come within SEC proxy requirements. Under questioning, Hovey stated that on July 20, neither he nor the firm held stock in the Puget Sound Co., although his New Hope Held In Heart Surgery Portland (U.R) New hope for persons facing heart surgery was held out today by University of Oregon medical school doctors thanks to a newly developed ultra-short exposure x-ray tube which can photograph the heart and blood vessels at 1-1000 of a second. Combined efforts of University of Oregon medical school ra diology professor, Dr. Charles T. Dotter, and engineers of the Machlett Laboratories in Con necticut produced the switch tube which greatly reduces x ray exposure time. The new tube is expected to reduce considerably the uncer tainty and danger associated with heart surgery. Doctors explained that heart surgery requires many specialized x-rays prior to the operation and that the new tube would show the heart in action with a clarity and detail formerly impossible. Dr. Dotter, now attending a meeting of the American Roent gen Ray Society in Chicago, said the apparatus was still technical ly in the experimental stage, but that it had been used at the Ore gon medical school with good ef fect. He said the short exposure technique could be applied to or dinary x-ray apparatus for .use on children and in cases where involuntary movement of the pa tient was a problem. name and that of his firm ap peared on the committee's letter head. This statement led O'Mahoney to charge, that Hovey and his firm were "representing itself incorrectly", to the stockholders of Puget Sound. .- But Hovey said his firm join ed the committee as a "service" to its customers and because it felt that in promoting the mer ger it was doing "a service to all stockholders" whether they were customers or .not. Close Relationship In an opening statement, the subcommittee questioned wheth er the stockholders', committee was actually acting "in the in terest of Puget or had some other interest which interfered with the interest of Puget." Subcommittee counsel Joseph W. Burns noted that several firms on the committee "appear to have close banking relation ships with Electric Bond and Share Co. and Washington Wat er Power Co." The subcommit tee has singled out EBASCO as a prime mover in the alleged monopoly effort. Puget Sound Power & Light Co. is a private utility operating in the western part of Washing ton. Washington Water Power is a former member of the holding company system of Electric Bond & Share Co. After Puget tried to sell out to local public utility districts, Washington Water Power proposed a mer ger of the two companies. State Police Arson Squad Head Succumbs Albany, Ore. (U.R) Capt. Har old W. Howard, head of the Ore gon state police arson squad, died yesterday in a hospital here following a heart attack. He started police work as a young man in La Grande and had been with the state police since 1931. Captain Howard lived in Med- ford in the 1930s, when he was a sergeant with the state police here. He is known to many peo ple in this area, and one of his children, who died while quite small, is buried here. tiding Oregon together . . . for 90 years ! -::!:eIsIL y !'! " ' : " '''' "LAND OF THE EMPIRE BUILDERS Wherever you look in Oregon, business and industry are being developed ...turning to man's uses the immense resources that have been evident since pioneer days. " 1 The quotation above is the title of Oregon's officiaf state song. Its stirring words ably describe the vigorous, capable people whotoday are creating new prosperity in this great, green state. This month, as we celebrate our 90th anniversary, we of the -First National Bank wish to express our deep gratitude to the people " of Oregon. Thanks to the confidence placed in us by the people of otir state, we have gro-n to become the leading bank in the Pacific Northwest. It has been a wonderful 90 years. Let's keep on "Building Oregon Together r rnnof-ur? medford branch LFULi&uf oBanmaaiL batik. Lease of Secret Radar Equipment To Be Investigated Washington (U.R)' Demo crats, leveling new "big busi ness" charges against the Re publican administration, today promised an investigation of blocked $2,400,000,000 Air Force agreement to lease secret new radar .communications equipment from private firms. Comptroller General Joseph Campbell has warned the Air Force it had no authority from Congress to make such contracts. His ruling, made public Tues day by House Democratic Lead er John W. McCormack (Mass.), means that no federal funds can be spent on the project. But the Air Force said later- Campbell has agreed to recon sider his stop order. The Air Force called the communica tions network, known as "Sage," vital "to the air defense of the United States" and has the ap proval of the top-level National Security Council, headed by President Eisenhower himself. Virtually Automatic, System The project would make the operation of radar warning sta tions virtually automatic. The Air Force emphasized that work on the. project will continue while' the dispute is being threshed out. One official said the government is not re quired to pay out any money until the private firms put the system into operation. , The Air Force denied Mc Cormack's charge that it made a "secret effort to bypass Con gress" in the matter. It said the project was carefully ex plained in advance to the House and Senate Appropriations Sub committees on Military Spend ing, the full Senate Armed Serr vices Committee, the Senate Armed Services Subcommittee on Real Estate and the full House Appropriations Commit tee. Automatic Warnings - Once the communications sys tem is completed, the course, speed and altitude of an ap proaching enemy plane will be signaled automatically to central warning . stations, from which planes, missiles and anti-aircraft fire can be directed to head off the attacker. Private telephone companies and the Western Electric Co., which makes their - equipment, are to build, install and operate the secret new system. They are to be paid about $240,000,000 yearly for 10 years, after which their costs will have been amor tized and they still will own the equipment. McCormack said he expects an appropriate House and Sen ate committee to look into it thoroughly next year. Geronimo's Nephew Debunks Wild Stories Lawton, Okla. (U.R) Mod ern . storytellers often portray Geronimo, the Apache chief, as a wild and notorious Indian, but a nephew of the famed Redman says it isn't so. Arthur Guydelkon, a member of the Chiricahua Apache tribe, said few of the stories told about Geronimo are true. He debunked the notion that the Indian leader . conducted fierce raids on white men, that he rode off a cliff as a rejected lover and that he wore a patn in the guard house at nearby Fort Sill. The truth is, said Guydelkon, Geronimo never spent any time m the guard house at Fort Sill. He said the Indian was in Pensa cola, Fla., at the time he was supposed to be imprisoned here. Further, Guydelkon said, Ger onimo got the blame for killing white men because Mexican and white outlaws dressed up as In dians and' made raids. He said Geronimo fought the Mexicans because they killed his mother and family. . t , Guydelkon said he was sure the tale about Geronimo riding a horse off Medicine Bluff was untrue because he died in the Fort Sill Indian hospital of pneumonia. 70 STATEWIDE RANKING 0FMCE4 TO SERVE YO Consolidated Uses Pears in Promotion Portland Oregon, Washing ton and California pears are the theme of a "pear-ishable" pro motion campaign being staged by Consolidated Freightways to point out the firm's role in mar keting west coast fruit products. Consolidated has designated this week, ending Sept. 24, as pear-ishable week, and -will mark it by giving away 20,000 boxes of pears one pear to the box. All Consolidated's sales representatives, terminal man agers and personnel will hand out the pears to emphasize the part the company plays in move ment of '.perishables. . . 117 S. 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