Medford
United Prtu Full Leased Win
Mil
Tribune
United Press Full Leased Win.
Second Section
MEDFORD, OREGON, FRIDAY, AUGUST 3, 1956
8 Pages
Westerners Will Do Well To Memorize Name
Of Little Investor From Hawaiian Islands
Honolulu (U.R) Californ
lans, Canadians and others in the
West will do well today to begin
memorizing the name of Chinn
Ho, a little man from Hawaii
who likes to do things in a gigan
tic fashion.
Chinn Ho is a 52-year-old bun
dle of well-trained energy who
in the past 10 years has exhibit
ed a Midas-like touch and has
gained a financial wizard's repu
tation with a wide range oi proj
ects in Hawaii and elsewhere.
Now, he is running Henry J.
Kaiser close competition for the
commuter's championship to the
mainland. There, within the past
few months he and his associ
ates have committed themselves
to long-term investments into the
tens of millions of dollars.
D.r.lopm.nt Planned
The biggest and most ambi
tious to date of the mainland
projects was the purchase and
plans for development of the Mc
Near Ranch acreage in Marin
county, California, into a resi
dential and resort area. Already,
a team of some 40 divisions is
working on the details to invest
an eventual $100,000,000 in the
area. It is no coincidence in
Chinn Ho's planning that the
project will be within a few min
utes auto ride to East Bay popu
lation and industrial centers
when the Richmond-San Rafael
bridge is completed.
Chinn Ho is an American of
Chinese ancestry whose family
has been a long time in Hawaii.
He was graduated from Hono
lulu's McKinley High school in
1924. Even though he claims he
was something less than average
as a student, the fact remains
he was chosen treasurer of his
class. '
Quiet Operator
Aside from his reputation,
Chinn Ho neither looks nor plays
the part of a financial tycoon.
He is known in financial circles
as a "quiet operator." He can as
sume a poker-faced stoic expres
sion along with the best of his
race. But his eyes never lose
his thinking and operations are
as American as an apple pie.
In the face of so-called big five
companies control of Hawaii,
Chinn Ho has risen in 30 years
from bank clerk to president of
the multi-million dollar Capital
Investment company which he
says specializes 'in investments
and special situations." The back
bone of the enterprise has been a
brokerage company and land de
velopment operations.
Looks to Litlle Fellow
The muscle of Chinn Ho's oper
ations has been what he terms
'the little man with a few dol
lars to invest." He doesn't spurn
big-money investors, but he looks
upon most of the wealthy busi
nesses in the islands s too static
and backward-thinking to see Jhe
future before them. And on at
least one occasion he seemed to
prove that thesis.
It was in fact the dissolution
of one of Hawaii's oldest sugar
companies in 1946 which was the
springboard for Chinn Ho's Cap
ital Investment company into the
big time of Hawaii finance.
Chinn Ho and his associates
scraped together $1,250,000 to
buy up the 10,000-acre Waianae
plantation which saw no future
for its land when driven out of
the sugar business by high costs.
Created a Town
Ten years later, Capital Invest
ment company had created a
town of some 5.000 residents
where only 180 plantation work
ers once lived. Approximately
half the land has been sold to
small farmers and for residential
sites. A good portion of Honolu
lu's vegetable produce comes
from the farm there and 1,200 of
the best beef cattle in the islands
range there.
And Chinn Ho and his associ
ates still own a valley and valu
able beach land that promises
one day to become the second
Waikiki as a resort area.
One of Chinn Ho's more spec
tacular accomplishments involv
ed 136 acres of sugar land which
one of the big sugar companies
estate for 57 years when it came
up for renewal of lease in 1955.
The sugar company, apparent
ly in an effort to keep the lease
rental down, was slow in renew
ing. Chinn Ho stepped in quietly
and bought the land for Capital
Investment company for $450,
000 with the announced intention
of creating a residential subdivis
ion. This would have surrender
ed the company's sugar mill and
cut it off from its only access to
its cane fields.
Quick Profit
Chinn Ho did not build the
subdivision, but 42 days after
buying the land he sold it to the
sugar company for $150,000 prof
it. His only public comment was
in his annual report to stockholders:
"We accepted wholesale profit
of $lo0,000 in lieu of projected
subdivision profit of $350,000,"
he told the stockholders. No
boasting, no fanfare. What he
didn' tell them, was that he could
have swung the deal as a private
individual outside the company
and pocketed the entire profit
himself.
"But that would not have been
ethical," Chinn Ho told United
Press. "Imagination, initiative
and having the courage of your
convictions are important points
toward achieving success. But
your fundamental needs are a
good character and integrity."
Back Stairs: Stassen Generates Anger
BY MERRIMAN SMITH
United Press Correspondent
Washington (U.P.) Back
stairs at the White House:
Nothing that has happened in
the Eisenhower administration
in recent months has generated
more anger than was produced
by Harold E. Stassen's public ef
forts to "dump Nixon."
A number of Mr. Eisenhower's
current associates worked with
Stassen during some of his
earlier political efforts and they
feel today that Stassen's new
doghouse status might run off
on them.
Bernard Shanley, appointment
secretary to the President, was
Stassen's 1952 national campaign
manager until Mr. Eisenhower
came home from Europe and de
cided to run.
Today Shanley finds himself
in the position of being a close
friend of Stassen. Yet Stassen did
not tell Shanley in advance of
his campaign in behalf of Gov;
Christian A Herter over Vice
President Nixon.
Mr. Eisenhower was winding up
the conference of American
presidents in Panama.
Stassen's announcement that
he favored Herter over Nixon
blanketed the news coming from
Panama and some of Mr. Eisen
hower's closest associates have
tried without success to find out
why Stassen pulled off his big
political announcement at that
time.
day, he said he still regarded
himself as a member of the
Eisenhower "team."
One of the President's advisers
watched Stassen's comments
come in over the news ticker
Salem U.P Some 4500 Jeho
vah's Witnesses were expected
here for the opening session of
a four-day Northwest district as
sembly at the state 'airgrounds.
and observed:
"Sure, but they took away hl
headgear."
A new member of the White
House staff was asked about his
relationship with the assistant to
the President.
"He doesn't know me from
Adams," said the newcomer.
When Stassen returned from
his hurried trip to the President's
home at Gettysburg, Pa., Mon-
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Quite aside from political con
siderations, the White House
staff has a real burn on for
Stassen because he timed his
political bombshell just when
Ninth Annual Gold Rush Jubilee
Starts in Jacksonville Tomorrow
their mischievous twinkle and had been leasing from a private
Jacksonville The ninth an
nual Gold Rush Jubilee with its
royal court, music, parades, and
contests opens at Jacksonville
tomorrow morning. It will last
until the end of the final dance
Sunday night.
The event is sponsored by the
Talent, Crater, Medford, and
Jacksonville Lions clubs. Frank
Christian, Murry Dumas, and
Glenn Linn are associate chair
men. First event tomorrow will be
the introduction of officials and
coronation of the Queen, Shirley
May Lilly. Russ Jamison will be
master of ceremonies for the
coronation at the judge's stand
in front of the U. S. Hotel.
Princesses Listed
Princesses this year are Mari
lyn Stewart, Dixie Jennings,
Marion Christean, and Dixie Lee
Walker.
The Kiddies parade will start
down California st. at 10:30 a.m.
and between 11 a.m. and 12 noon
there will be a free bar-bej-cue at
the Jacksonville High school
field. Bliss Heine's Juniors will
present a noon concert at the
judge's stand.
Southern Oregon Society of
Artists will sponsor the sixth an
nual art exhibit beginning at
noon Saturday in the library.
Gold panning, greased pole
climbing, and watermelon eating
contests are scheduled for 12:15
and 12:30 p.m.
Anticipated as a special fea
ture of the gold panning contest
is the challenge offered A. R.
Enyeart by Bert Kissinger. Eny
eart resides in Central Point
and was christened "world's
champion" gold panner at the
Diamond Jubilee in Medford in
1934. At that time he won over
leading contestant from four
western states, Australia, Alas
ka, and British Columbia. Kiss
inger is a Medford resident, with
his home at 520 Boardman St.,
apartment 1.
4-H Judging
At the high school field Sat
urday afternoon there will be
4-H judging. An address by Wil
liam C. Rohlfing, district gov
ernor of Lions clubs is sched
uled at 2 p.m. Log bucking, ax
throwing, and chopping contests
are included in the entertain
ment. On display at the old post
office building will be clothes
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made by girls of the Home Eco
nomics section of the Applegate
4-H club.
Those presenting entertain
ment during the day will include
Miss Pat's dancers, Collen Hope's
dancing group, Mrs. Alexander's
Hawaiian band, Dave Ashton
playing the guitar, Caesar Muzi
olli's accordion band and the
Forest Chapman Guitar studio.
The annual pageant will be
presented in the Jacksonville
city hall at 8 p.m. John Lusk's
dance band will furnish music
for dancing between 9 p.m. and
1 a.m. at the Community hall.
Sunday Breakfast
Beginning at 6 a.m. Sunday
morning and continuing until
noon, the Jacksonville Lions will
serve ham. eggs, pancakes and
coffee breakfasts at the Commu
nity hall.
Several churches have sched
uled Sunday services. At the his
toric Methodist church, oldest
protestant church west of the
Rocky mountains, two special
old time gospel services will be
heard at 9:45 and 11 a.m. The
Rev. Richard Merriman, Ash
land, will speak on the topic
"Good Prospecting."
Mass will be' held at St. Jo
seph's Catholic church at 10
a.m. The Presbyterian and As
sembly of God churches will
hold regular services at 11 a.m.
Location Listed
The old Methodist church is
located across the Main street
from the museum. Recently, the
roof was reshingled and the bel
fry straightened by the city.
Otherwise, the church stands al
most as originally built.
The Sunday afternoon . pro
gram starts with the Old Fashion
parade at 12:30 p.m. followed by
the grand parade at 1 p.m. Dr.
Clifford Miller of Southern Ore
gon college will speak at the
museum at 2:30 p.m.
Musical groups will entertain
during the afternoon and at 4
p.m. the Old -Fiddlers' contest
will be held at the judge's stand.
Dancing at the Community hall
will' last from 9 p.m. to 1 a.m.
Clackamas Boy Dies
As Fire Razes Home
Clackamas, Ore. (U.R) Dan
ny Potter, nine-year-old son of
Mr. and Mrs. John Potter, was
burned to death yesterday in a
fire in the Potter home,, a
Clackamas landmark.
Four persons escaped the
blaze that destroyed the two
story building, the former
Clackamas hotel, built in 1867.
Mrs. Potter and her one-and-
one-half-year-old daughter ran
out of the house as it was en
gulfed in flames. She said she
screamed at Danny and her
niece, Mrs. Arthur Wickert Jr.,
18, and the Wickert girl, Bar
bara Jean, 2, to get out.
Mrs. Wickert, who is preg
nant, tossed her daughter out a
second story window and then
jumped herself. The boy appar
ently was unable to find his
way out of the flaming building.
Mrs. Potter said the fire was
caused by an overheated wood
stove that exploded.
New Haven, Conn. iU.R! A
Yale medical expert says babies
are not the only ones who swal
low things. Dr. John A. Kirch
ner has collected several hun
dred objects removed from pa
tients of all ages. He says they
range from small change to
beads, toys, bugs and bones
fish, fowl and animal.
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