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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Dec. 29, 1955)
0 0 Q O o O- o. o O o o 0o ' o o 21 o ! Grants Pass Pilot ike (gjIanS gal -e .B -Et.- Company in gfjfa JJIanrath. coui Gvi :ci-g fiis t. wage in';o5ag;,g 3 entS(ppr hot, ?. fcIrviS.gY Managing vi f ewiife of the Pi InduSH,- & (3;:iUee said ($:c&y. 0 Ing said siirjaf age creases had aprwi ta ty the Warm $ir$ j&njet C?ipan- "8a eiin Or.; thV WBww t'fipaf.y and Coos &aGe t'm pany, both f iii.r ftefwft, Calif.; Conife Srtidjiet, . Mufglhy, OriO, Clre gon P-wood cjrfai.tt, XJta? is Pass; and r3ptfftf tfRiStojrees of Ef-ard Hine Coiji-s Jany Hinesr$g D?e. HiWes lower fc4 flari employees in sc$.-?4Fig, Jhe graduated indrissf. w Thomas, gadfer A Afeef Manila, (fS.I. (U.R) ID. S. Sec retary of Navygia?; Ttoffias nd Adm. Arthur . &Jrod, chrman of She cr.'f Chisels of Staff, arrival ft talks with American ng, f&ijif pit defense officials. (gliomas ar)R;oi?t.? sfili ftit with officials or 8iVf f iisiS and Philippine qh" &S. They al: will (Jbgr r?ita naval istallations at Sjibic Bay. I Resting in Hospital I .r-4- tc MID' Frofl Wlo local pilot injured last week ed, when hi light plane crashed i!i rugged mountains west of fvere, was recovering in s local hospital today from severe burns. Kale's plane crashed near Black. Bar lodge. He was later taken, to ifarial where an Army f.elicopter picked him up yester day and; flew him to North Ber-id. Tbere a mercy flight plane pilottd ty George Milligan of, !lford picked him up for the flight rere. Pages 1-8 ME Second Section Tribune MEDFORD, OREGON, THURSDAY, DECEMBER 29, 1955 Haw Snake Bridge At Ontario Denied Ontario (U.R) A rumor that the proposed new bridge over the Snake river between Oregon and Idaho might be built near Huntington father than Ontario was scotched yesterday by an Oregon state highway commis sioner. Commissioner Charles Reyn olds? La Grande, said that both Idaho and Oregon, road authori ties had agreed that the new bridge should be built about ?4 of a mile upstream from the present U. S. highway 30 bridge at Ontario". i?eynolds said Oregon was buiiding a new S3,000,000 pri mary read from Huntington south to Ontario and that there sees ro likelihood the bridge siteo would be moved north to the Old Ferry -Huntington area. 0 . QUITTING BUSINESS SALE b Q JVCRYfHING 14 rB Vk OFF O 0 o Cameras Profectors Flash Bulbs Photographic Paper Chemicals Slide Viewers fcrttn Trinorlc Light Meter Filters ColorFilm lighting Equipment E CAMERA-SHOP 524 E. MAIN 9 PHbNE 2-2953 Mortgage foreclosure At Bend Inn Fill Portland (U.R) Clinton R. Perkins, Seattle, business and hotel man, yesterday filed suit in U. S. District Court here to foreclose a 8150,000 mortgage on the Pilot Butte inn at Bend. Defendants named were Jack and Anna Corbett, Bend; Lucille Corbett, Sacramento, Calif.; Peg gy and Gene Harris, Mesa, Ariz.; Harold and Carol Corbett, Hermosa Beach, Calif.; and the U. S. government which has tax liens against the hotel. The Corbetts bought the Fry hotel in Seattle from Perkins. l As part of the agreement, Per kins was given the mortgage on the Pilot Butte Ina. Sudan Tricolor To Be Rased Sunday Khartoum, Sudan (U.R) The new Sudanese tricolor will fee raised Sunday for "the first time in celebration of the independ ence of Sudan. The blue - yellow - green flag will be hoisted while British and Egyptian flags are hauled down. b tmn teA fef M ml bak? MMf fitkmit im restr to ahfiaat Wiktt at J Far fittar tatM ElttJrf ib rfi( ( fhoto by Jack Holper HEY! WAfT FOR ME PuH, an Irish setter (or is it Hawaiian?) wades rap to fire depart ment utility truck to be rescued along with other evacuees at Kentfield, Cal. New storms lashed Northern California with torrential rains and gale force winds, flooding rivers and virtually isolating many sections. Some Senators Said Concerned Over Terms of Ford Stock Sale Washington (U.R) Sen. Jo seph C. O'Mahoney said today that some senators are deeply concerned over terms of the forthcoming offer by Ford Mo tor Co. to sell 10,200,000 shares of its stock to the public. The Wyoming Democrat noted that the Ford family will retain firm control over the company although the public will have 60 per cent of the voting power. The family will have the other 40 per cent. "Members of the Senate of both parties to whom I have spoken . . . have expressed deep concern, and I have no doubt whatever that the issue will be brought before the banking com mittee," O'Mahoney said in an interview. A committee spokesman de clined to comment other than to say staff members are looking over the Ford stock prospectus which was filed' with the Se curities and Exchange Commis sion last-week- "The committee held lengthy hearings early this year in an investigation of the stock market. - ,mw1r, iiiiMH m in j 11 l . ll jl in. i i mi mi mm 1 "" j Mo r re 11 Pride I Llg- Tnderized shank H,,f or who1 I ii MB? O'Mahoney is chairman of a Senate Monopoly subcommittee which recently, held extensive hearings to gauge the impact of General Motors Corp. on the" na tion's economy. He said the Ford stock pros pectus "illustrates, just as the General Motors hearings did, that in our giant corporations the public although owning a majority of the voting power is without substantial, control over the policies of the com pany." Senator Plans Legislation To help correct this situation, O'Mahoney said, he plans to in troduce legislation to abolish all forms of non-voting stock and to require appointment of at least one director of every large corporation to represent stock holders owning less than 100 shares each. Under reported plans, all of the publicly-owned Ford shares would be in such blocks. The Ford Foundation will re tain 67.6 per cent of the Ford Motor Co. stock, but it all will be non-voting. The public will have 20.3 per cent and the Ford family interests 12.1 per cent. Ground Chuck Good and Quick fw fh Holiday! 3 Peayf B utter fmayf'i 11 -ox. T at lite rot BORDEN'S Cream Cheese 29' For Holiday Dip Reg.39e 8 W Git S&H If Grata J Srswpt PLEASE D06 FOOD t Strawberries 4 forT Kg' " SluKed Olives 33'.,. S tootades 2ra25' Hjli. It AH Qui Mny Customers and Friends! $fee VfW MARKET Will Be Closed: Sunday and &4oAfy. 1st and 2nd, for Building Maintenance By UNITED PRESS Background on Ford Stock The Ford Motor Co. is the last of the nation's giant privately owned corporations. But next month the majority of Ford's voting stock will be offered for sale. The Ford family has con trolled the vast automobile em pire since 1907 four years aft er the company was founded. Henry Ford bought out his part ners one by one. But now the Ford Founda tion, the billion-dollar philan thropic organization created by the Fords, wants to diversify, its stock holdings. That means Man, Retiring at 66, To Get College Degree Schenectady, N. Y. (U.R) Re tiring at 66? Not John A. (Jack) Thirkeldsen. When co-workers gave him a farewell dinner, marking the end of his 22 years with the U. S. Navy inspection service at Gen eral Electric Co. here, they learned that "retirement" was just a figure of speech to Thir keldsen. . Next June, he will line up with members of the class of 1956 at Siena College and re ceive a B.S. degree in economics as the oldest graduate in the col lege's 17-year history. He's been going to college at night and dur ing the summer since his wife died several years ago and plans to enter the insurance and real estate business in California or Florida. BEWARE Of 1&ITAT10US LOOK fOK THt HAPPY UUUD09 ttPPf TOPS IN QUALITY! tew m mm sale of some of the 88 per cent of non-voting .Ford company stock that it holds. Voting Power of 60 Per Cent The foundation will' sell 22 per cent of its stock 10,200,000 shares. The shares when sold will carry a total voting power of 60 per cent. The Ford family- will retain 6,480,750 shares a voting power of 40 per cent. However, since the public shares will be scattered through out the world, the Ford family will have more than enough stock to retain operating control of the billion-dollar corporation. Usually as little as 10 per cent of a big corporation's voting stock is enough for operating control. The stock is scheduled to go on sale about mid-January. The price: Probably between S60-70. Stock brokers say the customer waiting-lines are very long. The Following Retail Lumber and MillwOf; Dealers Will Be DECEMBER Jiff SMITH DYNGi IUMBER CO. O BRUCE BAUER LUMBER CO. O MEDFORD LUMBER CO. O MEDFORD MILLWORK CO. O BIG PINES LUMBER CO., HIGHWAY LUMBER CO. HAPPY NEW YEAR To One and All awiekf UUiP TOW." IMS.UJ'1 1 KVtrttimtTiiiiiiiiTiiiiii u..WIWiWmt!fW!illilliJ.IJJI;W Mteiiiwiiiiiritfi!iniiiii' HOLIDAY TIME . . . is Canada Dry time! Time for drinks to sparkle. Take a bright, lively . Scotch and soda... the kind Canada Dry Club Soda makes. Or a deliciously dry, light rye or bourbon highball . . . mixed with Canada Dry Ginger Ale. . Or a brisk, bitter-sweet gin-and-tonic, made with Canada. Dry Quinine Water. The point ' is, Canada Dry makes a mixer for every kind of drink . . . and Canada Dry makes all drinks taste better. THE FLAVOR YOU LIKE... THE NAME YOU KNOW 0 MIXER POft tVffWff TATg) J5?l!i4S?f Quinin Water ' "Piflilrl. Col,ins Mixr ' LrKwodf) J (1 (f) 1. Q o is j O o
