Medford mail tribune., April 30, 1956, Image 7

You'll Probably Have Twice As Much
Money in Your Savings Account by 1975
Chicago (U.R Cheer up. By loan associations.
1975 you'll probably have twice The prediction is based on
as much money in your savings : data indicating that people are in
account.
These tidings come from the
United States Savings and Loan
League, which estimates that by
1975 the average savings account
will total $4000.
That would be slightly more
than double today's average of
$1800.
This isn't just wishful think-ing,-the
savings and loan people
said. It's based on the experience
of the nation's 6000 savings and
Exlremists Kill Two
Cypriols Saturday
Nicosia, Cyprus (U.R) Ex
tremists killed two Greek Cyp
riots in the streets Saturday and
tried to kill another.
Journalist Odysseus UlysSes
Wideson, target of rebel gun
man on four previous occasions,
was killed at Lanarca. Security
sources said the killing may
spark strong anti-extremist mea
sures in the struggle involving
British efforts to keep this stra
tegic Mediterranean island and
the effort of the Eoka under
ground to wrest it away and
bring it under Greek control.
Other gunmen shot and killed
a peddler in a market in Fama
gusta. Another man was wounded.
a "better saving mood" than
ever before, the league said, de
spite all you hear about install
ment buying and its possible pit
falls. Americans are realizing a gain
in income each year, the league
said, and industry's growing pro
ductivity is making that income
'real" in terms of buying power.
Bright Future
Furthermore, the league said,
signs point to continuing expan
sion of the nation's economy.
People are now putting about
7 per cent of their disposable
annual income into savings,
league economists said. They ac
knowledged that the figure de
clined somewhat in 1955, a year
of "unprecedented consumer
spending."
But they expect savings to
pick up again.
Savings now total $235,000,
000,000, the league said, an in
crease of $175,000,000,000, or
295 per cent, since pre-war 1950
A league survey showed some
psychological benefits from sav
ing, too. About 95 per cent of
savers questioned said they "feel
better" after making a deposit.
About 66 per cent said saving
makes a man a better citizen.
Incomes Rising
The league said incomes are
rising so fast you'll soon find you
have more money left over after
paying your bills. .Since 1945,
total personal income has risen
10 per cent a year.
In 1945, the average American
family had an annual income of
only S2621. By 1955 it had
grown to $4600, a gain of 75
per cent.
The league said there are now
15,750,000 families, or 38 per
cent of the nation's total, with
incomes over $5000.
And economists predict that
during the next 10 years such
families will increase by 100 per
cent.
Around Hollywood
By ALINE MOSBY
United Press Correspondent
I Monday, April 90, 1938
Quotes From the News
By UNITED PRESS
Portland, Ore. Adlai Stevenson on why he entered the Ore
gon primary against Estes Kefauver instead of letting the election
go by default:
"Primaries have a psychological effect on the people and the
press."
Cardiff, Wales Renee Martz, a 16-year-old American girl
evangelist on how she reformed a juvenile gang that stormed her
dressing room here:
"I prayed with them and they're very good now."
Washington Rear Adm. Richard E. Byrd, on the benefits of
cooperation by 40 nations, including Russia, on Antarctic explo
ration: "I believe that this contact for four years in connection with
science as a common purpose and these frequent meetings . . . will
make for good will in the world."
Chicago Ned H. Dearborn, chairman of the National Safety
Council, on the possibility the highway death toll record set in
1931 may be broken in 1956:
"Are we going to accept 40,000 dead and countless others
maimed and disfigured as the price of the motor age?"
Washington Sen. John W. Bricker (R.-O.) in a one-man report
tdthe Senate Commerce committe, charging the' two major televi
sion networks with creating a "private monopoly":
. "The dollar sign has so obstructed the vision of the networks
and large stations as to constitute a violation of public trust."
Wedding Gift Injures
High School Coach
Dayton, O. (U.R) A myster
ious bomb, disguised as a wed
ding fift, exploded in a suburban
home Saturday critically injur
ing a high school coach who
planned to marry yesterday
morning and attend the funeral
of his father in the afternoon.
Donald Dixon, 27, suffered a
torn left leg and arm, and cuts
on his left eye as he opened
the package in the living room
of the Dixon home in suburban
Englewood.
His sister, Mrs. George
Cooney, 34, Chicago, 111., and
two aunts, Mrs. Donald Stewart,
45, Washington, D. C, and Mrs.
Francis Stefanak, Elmhurst, 111.,
suffered minor injuries.
They had gathered around a
table in the living room along
with other relatives to watch
Dixon unwrap the package
which had been found on the
front porch along with two oth
ers. The other package contain
ed gifts.
Police Kill Four
Rebels in Algeria
' Algiers, Algeria U.R Po
lice killed four rebels and cap
tured 40 more to smash two rings
which preyed on civilians in the
Algerian war, authorities said
Saturday.
Rebel attacks on civilians in
Constantine spurred a drive to
root out Nationalist extremists
who have been striking in the
streets and cafes while their
comrades attack in the country
side. '
Sources in Paris said French
efforts to crush the entire "Army
of God" rebellion will include
establishment of a no-rnan's land
along Algeria's borders with
Tunisia and Morocco to prevent
the rebels from getting reinforcements.
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Hi,
MEDFORD'S BARGAIN CORNER
SIXTH AND CENTRAL
'
Is
Hollywood (U.R) Beautiful
actresses, singers and dancers
are hammering nails into scen-
erv and writ
ing songs to
celebrate the
40th a n n iver
sary of one of
Holly wood's
famed institu
tions the Stu
dio club.
The club, a
colorful home
for the young
W P rf.i
Aline Mosby
women who are working at or
in show business, first rang up
its curtain in 1916. Usually their
anniversaries go unsung. But
this year the 94 beauties who
live at the club are putting on
their own show in the club thea
ter for talent scouts, proud par
ents and boy friends.
'Two friends of the girls
wrote the show and now we're
working on a plot to get a new
curtain before opening night,"
said Florence Williams, the club
director. ,
Alumnae Boasted
The Studio club is a sort of
show business house that boasts
such alumnae as Marilyn Mon
roe, Kim Novak (she just moved
into her own apartment) Donna
Reed, Janet Blair, Barbara Brit
ton, Evelyn Keyes, Gale Storm,
Rita Moreno and Linda Darnell.
Walking through the club is
like watching scenes from the
play, "Stage Door." In the lobby
one sees boy friends waiting for
their dates to trip down from
upstairs. When Rita Moreno liv
ed there, many girls would find
an excuse to pick up their mail
so they could smile at her wait
ing date, Marlon Brando.
In the club's theater, a group
of beauties in blue jeans re
hearse dance numbers for the
May 14 anniversary show call
ed "Hollywood 5-3166" after
the club's phone number.
This haven for hopefuls was
launched by a group of young
actresses, including Zasu Pitts,
who were living in unfriendly
hotel rooms and reading plays
together in the basement of a
public library. The YWCA spon
sored their plan for a home, and
the club still is a part of that
national organization. A room
and two meals at the club costs
from $16.50 to $20.50 a week.
In the early days such ac
tresses as Norma Talmadge and
Constance Bennett exercised in
the club gym in black bloomers
and middy blouses. Today it's
the most glamorous "Y" in the
country with a scrapbook of
alumnae photographs that looks
like a movie magazine.
George, Ike May Meet
On Foreign Aid Plan
Washington (U.R) A White
House meeting in the near fu
ture between President Eisen
hower and Sen. Walter F.
George (D-Ga.), may lead to a
sweeping review of the entire
U. S. Foreign Air program.
George, chairman of the Sen
ate Foreign Relations commit
tee and Chief Democratic con
gressional spokesman on foreign
policy, said he will meet with
the President soon to discuss
the subject.
The conference was agreed
upon after the President indi
cated earlier this week that he
would favor a complete study
of the Foreign Aid policies by
a high-level "non-partisan"
commission.
MEDFORD (OREGON) MAIL TRIBUNE SEVZN
Washington (U.R) Russia
and two of its Communist satel
lites have offered to lend Yugo
slavia $300 million on easy cred
it terms.
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Washington (U.R) Mrs.
Eleanor Roosevelt has praised
democratic presidential aspirant
Adlai Stevenson ior his civil
rights record.
The Community's Biggest Marketplace
Construction o an ordinary
railway box car requires about
2,000 man hours of work, not
including the labor needed to
produce and process the various
raw materials.
s
BY ORDER Of
P GENERAL SERVICES
ADMINISTRATION
SURPLUS INDUSTRIAL,
AGRICULTURAL & RESIDENTIAL PROPERTIES
IN AND ADJACENT TO ROSESURG, OREGON
mmnnEHEM
2 P.M. HOTEL UMPQUA, ROSEBURG, OREGON
ROSEBURG, OREGON: PORTION OF VETERANS ADMINISTRATION HOSPITAL (PARCH. I)
Containing approximately 16 acres within the city limits property is located on banks at the
South Umpqua River. There are no improvements on the property, which has possible use for
residential, or recreational or light industrial purposes. Good soil fine tree coverage.
ROSEBURG, OREGON: PORTION Of VETERANS ADMINISTRATION HOSPITAL (PARCEL 2)
Containing approximately 8 acres within the city limits, include rural type residence in good
condition. Land cleared. Property fronts on County Road. Possible uses includes residential,
farming or commercial.
MEDFORD MKITARY RESERVATION, JACKSON COUNTT, ORE CON
A strip of land" 1320' x 75' containing approx. 2.27 acres facing on county highway near Medford
Airport. Includes 3 small frame buildings, a deep well pump and motor, and 2870 feet of security
fencing. Property could be developed for residential or commercial purposes.
COTTAGE GROVE RESERVOIR, LANE COUNTY, OREGON
Five tracts of 35, 33, 21, 18 and 11 acres more or less totaling approx. 120 acres. Parcels are
all primarily agricultural or forest and are not contiguous to each other. There are no improve
ments, however, all are accessible over county roads. Approx. 35 miles south of Eugene, Oregon,
DORENA RESERVOIR PROJECT, LAME COUNTY, OREGON
Four individual parcels of land of the following sizes: approximately 10, 7, 1 and .56 acres,
totaling approximately 19 acres. Property is agricultural and tracts are not contiguous. All are
accessible by county roads. Approx. 27 miles south of Eugene, Oregon. There axe no improve
ments on any of the 4 tracts.
7 DEY ST.
'enitMa r on. 9m.yMC
AvcHonear
NEW YORK CITY
Local Representative .
EARL WILEY
Hotel Rose Building,
Roseburg, Oregon
Phone Or. 3-3401
Send far Brochure
of this and 3
other Oregon &
Washington
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