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. CENTRAL
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