Image provided by: University of Oregon Libraries; Eugene, OR
About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Dec. 21, 1956)
o o o n O o o o O o o o o o o O o O GO O O O o Needs and Challenges in Educational Field SSen During 1957 by HEW Secretary Folsom BfiMARION B. FOLSOM' Secretary of Health. Education awl Welfare Written for United Pres surgessfulcronclusion to the j ir. . , . t . j Ior,$j esort for enactment of fed- I tal aid fc school construction tansi high among my hopes and r expectations for 1357 q he time is ripe. een long overdue, for positive action. O Thousands of children are in ov&crowdrig or Makeshift clss Oroonft. CJfer schools, which are jfential to our democracy, must O be shored jan. q (Jnfleral cfcgislation wili be most effective if it calls for al O lotments to states according to school buildtr.z needs and . 1.nancil abilities. It !efinitely qO "uld insure thsi in keeping u "9 Babson Eyes Annual Report of Companies Babson Park, M:s. During fity sSmmer vacation at Gloii cestc. Mfes.,b read about '9 , mm forty 10Q3 an nual reports of corporati o n s listed on the a "New York Ex change. I was esp e c l a 1 1 y made very liv f 0 tresting, ifustrated by attractive K7 W ttaOMin .pictures and charts, 1 assume thit the.se liters have been pre pared Ty jirofo'.sioniii advertis ing agencies and" public relations men' Fitm verjr pleaied to see so, Sijyoof tjci with the date of year inolarge type0 inc the uftjer rish-hand corner op the outside cover. line Amnion "quickie, rule" P for brokers to use in looking at armual reports is to sUidy the relScn of prge to net earnings. O Wn the price is 30 fo 40 time earnings, it is usually a s?;n that therprice is too high; while if the price isQnly five? times net earn ings after fair depreciation and taxes, it' is looked upon as at tractive. Ulike to keep within tijfc range of 10-to-20 times earn Ofegs. Kixed-tjp Figures O Some ?fothe reports ?ere un consciously roisiending. For r$ sSffnce. some would include the a)ie ofo wnia or ecuritio witii ie jjrwss income, which, of should not have been q (pone, r uruiermore, aepreciaion iff wrroiinas Deen nancueo Cfferently be different com paniesoThis depreciation figure is very in(torta6t to study for tyo ';Jnns:c First. heaOy depr iViiorPcan rtrttucefcSie net eai'n gs to less thoi they Really are; h:S small dejweciation can in dicate the reverse if not honestly treated. Second, under ordinary circumstance; the government i allow an avrfcee of ar?out 5 nPr cent Si drgciatici. but on spe cial) military 0work 25 jjer cwt is flmetimc5eallowed. o (51 companies have the larg est wr(jfc-9ffs. My two favorites are Continent!' Oil and PhilliDs" 'Petroleum. Standard gil of Cali & fowife also rates'Vell, with over 10 pePont sjite-offs each year. O The chnical companies also have a good record for write offsQ leading with Doj; Chemical at 13 per cent and Monsanto Chemical atQnearly 9 per cent. 1 o co ?o 0 o Jackson 0 Saving o oo 0 c:; is 0 0 o 0 O 0 O o ooo O o 1 o ArT EXTRA DIVIDEND 00 o o 0 o o TO 0o For tfiff period ending December 31, 1956, our investors will receive an extra dividend at the rate of Vi per an um, jn jddifion to the regular dividend of 3 per dnnum. o o o O O O o o o o Co o o SAVINGS 126 East Main o Medford with the American tradition school control remains with the stales and communities. And through matching re- qu.rcrnents and other provisions it should encourage local school districts and states to even great- cr cfort of thelr wn toward building more schools for our children. I also anticipate continued ex pansion and improvement of the office of education during 19j7. This will permit the office to serve education and the people throughout the nation more ef fectively. The outlook is especially bright for educational research. A number of colleges, universi ties and sate educational agen cies already are engaged in re search projects under a new co- Union Carbide also has a 9 per 1 cent write-off. Steel. Mining Companies Upon studying the annual re ports of the six leading steel companies, it was evident that U. S. Steel led with a write-off of 7 per cent, although National Steel followed closely with 6.5 per cent. The lowest in my list was Inland Steel, which showed pleased with wily i.S per cent. On a replace some of these merit basis, probably U. S. Steel became t Ji e y would amount to S200 to S30U had beena share while today it is selling 9'. xjeuuenem aieei, iia nearest competitor, writes on less than 5 per cent. Other reports were on alumi num and nickel companies, to gether with the three leading copper companies, namely, Ana conda Company, Kennecott Cop per, and Phelps Dodge. The aluminum companies " en couraged by special government cimcessions lead, with write offs of over 7 pr cent. Anacon da, however, leads the copper companies with a write-off of about 4 per cant. International Nickel has a good write-off, but readers who purchase this stock should have the certificates stand in the .name ol some U. S. bank or stock exchange firm and tiot in their own names. Other wise, such stock is quite em barrassing in the case of the death of an individual. Miscellaneous companies the write-offs range lrom about 15 per cent for International Business Machines down to less than 2 per cent for several of the companies. One of my fa vorite stocks, Westingnouso Electric, has -a write-off of 3 per cent. The smalest write-offs are in retail trade companies, due largely to the fact that they lease most of their stores. F. W. Woolworth has the largest write off of 2 per -cent, while both Sears, Roebuck and Montgom ery Ward write off only a frac tion of 1 per cent. Caterpillar Tractor Corning Glass, and Eastman Kodak have good write-offs of from 3V2 per cent to04',2 per cent. General Electric writes off less than 3 per cent and General Motors less than iVz per cent. General Foods writes off less than 1 per cent. In giving these figures I do not mean that these are the best stockssto buy, as there are many more important things to consid er, besides annual reports fig ures. I do, however, urge my 'friends to read each annual re- port received. The Board of Directors of County Federal arid Loan Association pleased to announce INVESTORS Dividends available as of opening of business, Monday, December 31, 1956 fr LOAN ASSOC ATI0N Sine ISO operative program with the of fice of education. Further signi ficant strides are expected. The next year should bring a landmark in plans for higher education, with the report and recommendations of the Presi dent's committee on education beyond the high school. With ever-increasing numbers of stu dents engaging in college and university study and other post high school education, the com mittee faces a challenging op portunity. It has already made commendable headway. With better appreciation of ! the teacher's key role in our complex technological society, I expect gratifying progress in such areas as teacher pay and prestige. Money Hard Fact With enrollments Increasing each year to new record levels, with our advancing technology, with the increasing complexity of our social order, all the facts about educational needs today point to one clear conclusion. America must have an educa- tionaI expansion and readjust ment beyond anything we have ever known before. And the American people should face up to the hard fact that one of the things this ex pansion and adjustment will re quire is money, much more mon- Wheal Shipment CosU To Go Up Portland (U.R) The Ore gon Wheat league announced to day that new freight rate in creases will add 5164,730 to the cost of marketing Oregon's an nual wheat crop. The league said that figure would represent increased costs of shipping wheat from 10 east ern Oregon counties to Portland. Growers in both Oregon and Washington will pay an addition al 5940,000 in increased costs as a result of the five per cent boost granted the railroads. USE FUEL FROM TIMBER E Phone 2-8086 For The Ideal - Fireplace Fuel WISHING ALL A VERY MERRY CHRISTMAS Timber Products Company Where You Are Paid To Save ey than we have ever spent be fore for education. And the mon ey must be contributed by all levels of government local, state and federal and by pri vate sources. Among the many factors that will shape the future of educa tion, none is more important than the interest and concern of in their own communities. For only with the support of the American people can education effectively play its vital role in our expanding economy and pro vide a firm foundation for free dom itself. In Ihe Day's News By FRANK JENKINS What of Nehru? ' 1 So far, he has had little to say which is as it should be.. His job is to decide whether he wants to play in communism's yard or in America's yard. He has made some pious cracks to the effect that "world opinion no longer will permit powerful nations to impose their domina-1 tion on weak countries," but in general he has given no indica tion of how his mind is work ing. Judging by a few remarks he has let drop, it's a fair guess that he's trying to sell us on the idea of taking red China into the lodge. "HE Kremlin (speaking through -1 its heel - dog newspaper Pravda) says Vice President Nixon is flying to Austria to reorganize the revolt in Hun gary. It says his trip is "gross interference in the affairs of other nations." Pravda has already accused us of bringing refugee Hungar ians to America to "draft them into a Foreign Legion to fight Russia." lVHAT'S the Kremlin up to? " A little exercise in elemen tary psychology provides the answer. If the Kremlin despots can make their people HATE AND FEAR AMERICA, maybe they can go on getting away with communism and its brutal practices. PROPAGANDA! What a filthy thing it is. If we could all have just the plain facts and the simple truth, what a wonderful world this would be to live in. WHAT of communist Russia? " Is she getting stronger? Or is she weakening? the past, Russia's purpose has been to make the satellite armies the spearhead of her military force. In the light of what has happened in Hungary, it is beginning to look like she can no longer depend on them. In the event of war, they might FIGHT Russia instead of helping her. CHUCKS! Let's turn from war and propaganda and man's inhuman ity to man to more constructive developments. The Canadian lumber indus try, a dispatch from Vancouver informs us this morning is go ing into the clothing business! j It is mulling the idea of making ; disposable paper shirts, dresses and undergarments. T EMEMBER " Paper is made of pulp.' Pulp is made of trees. Southern Oregon and Far Northern California have a lot of trees suitable for pulping and we have the water that is the other major raw material of pulp and paper. North Bend Ordered To Pay for Deaths Coquille (U.R) A circuit court jury here has awarded $21,- 900 damages to survivors of Clarence LeRoy Arney, 68, and : Forest Dwight Gohn, 25, both : of Creswell, Ore. The court ordered the city of North Bend to pay the damages in connection with the deaths of the two men who died Jan. 20, 1956. when their car plunged off the North Bend city dock into the waters of Coos Bay. The survivors contended that the city was negligent in not properly marking the dock with warning signs and that rot in a timber made it an inadequate barrier. Neuberger Complains On Hospital Plans Portland (U.R) Sen. Rich ard L. Neuberger (D-Ore.) com plained to the Veterans Admin istration today that remodeling of the Portland Veterans hos pital would reduce the number of beds in the institution. Neuberger wrote to H. V. Hig ley, VA administrator, that the hospital should have its capacity expanded rather than curtailed and he noted that the peak of treatment needs for World War II veterans was yet to be felt. The Senator added, however, that he was ' very favorably im pressed with the calibre of treat ment, and with the dedication and training of the hospital sufi." Back in Stock Electric Blanket Made by Northern Electric Full Double Bed Size or Twin Size Single C IC QC Control S I WiDO S31.50 REMINGTON Roilectric Razor $24.95 Trade $16.45 TROPIC-AIRE Portable Automatic 1320 Watt Thermo Heater $15.95 Brownie Httwkeye Hash Kit FLASH CAMERA Complete: flash unit. S bulbs & 2 rolls of film. . . 13'-5 FLASH BULBS ss? PH5 doz. $1.15 FILMS, Eastman Duo-Pak 620 85c FILM DEVELOPING and PRINTING 8 Roll Film 39c CHRISTMAS CARDS by American Greetings Open Stock 5c up Boxed Cards 59c up 1 1W TREE LIGHTS 67c up EXTRA BULBS 7c up Harel Bishop Glamor Gift Ultra-Mafic Twosome New lipstick case opens at flick ' of finger. Complete with fav- jq orile longer-lasting lipstick....! GIFT SETS FOR MEN AND WOMEN By COTY SHULTON DANA MAX FACTOR TUSSY LENTHERIC YARDLEY KINGS MEN For The 1,956th Time . . . the world rejoices in the miracle of Bethlehem and re-echos the Angelic promise of Good Wilt to Men. In this spirit of the Season, ve wish everyone a most Merry Christmas and the priceless gift of good health. The physicians and the pharma cist are dedicated to safeguard ing this precious gift. Enlist their aid whenever you feel be low par. As pharmacists, we stand ready to supply the medi cine your doctor prescribes. ADD FEDERAL EXCISE MSB i NPPCCro i OTiAki w SPECIALISTS Friday, December 21. 1958 SI. 65 Hudnut Essences -Sx-"- Js0.. Gemey Vogue RSVP r- - V" :yz"-M& $5.00 Tower of Fragrance PALMER'S BSOCADE By Salon Palmer PERFUME SOAP SACHET COLOGNE Gift Boxed $2.39 Handsome Brushed Chrome , ZIPPO GIFT LIGHTER Famous windproof style . . . one zip and it's lit, even in a gale! Extra-sized O50 fuel chamber M TREE ORNAMENTS 2 Doz. Small 15c to large Balls 29c ea. METAL FOIL ICICLES 10c Pck. 9c -25c Pck. 19c ANGEL HAIR 23e COTTON, Fireproof ... 23c STARDUST COTTON 16" x 64". 43c Bourjoit Oift of Glamor Evening in Paris Set Talcum powder, cologne, perfume and purse cologne stick 150 in satin-beddel gift J TOYS lift DOLLS . . . and . . . GAMES FROM ALL OF US THANKS AND Parker Jotter Desk Sets 5 stun nine A Tapered Parker Jotter EaR Point Pens otfrlagt, oat perform any bad point you have even seen! Attrac tive p Iodic bases have cork composition scratcn proof pads. Choice of 4 point sizes. See our selection of modem single .and double Jotter Desk Sets for practical gifts! TAX ON TAXABLE MERCHANDISE "mEDFORDS '-ORtGWAL PRCE CUTTER) of many moods HEAVENLY . FSAGRUHCES L VS? of . Five fabulous fragrances by Lenthefe! Beautifully packaged in a gay peekaboo bQox decorated witho shimmering angaJs! Vi or. bottles eff Bouquet Lentheric in Shanghai, Dark Brilliance, Tweed, Miracle an o Confetti. All for only plus taxi O c'" Ki" f "9""?" . 2lN CAVAIIER Gold Lace Mist Sprtjy V?--X cmwim Perl'ume-coloitne in dainty spray- t'-.f- CTk & tip atomizer bottle ... en- nig WIi $ 1 .85 GALORE - TO ALL OF YOU CLOSING 7:00 P.M. CHRISTMAS EVE All Day Christmas f$m& ALBERT Models from 2 95 Convenient, Economical Gifts for Home and Office! 1 nr Ll) MEDFORD (ftHEGON) MAIL TRIBUNE FIVI I GIFX BOXlD CHOCOLATES IrVhrtman's Sampler 1 ib. $2.00 2 lbs .$4.00 OTHER SELECTED CHOCOLATES gymiitelaw and thrown & Haley SOVEREIGN o CHOCOLATES 2V4 lbs. $19 BRCHbS MINIATURES 2 lbs. $1.79 CHOCOLATE COVERED CHERRIES by BRACH Pound 69c o Q SlPSnnporte ENGLISH TOfFEEoAND J1ARD CjANDY o , $2.00-Metal Box-$1.39 $K89 PLANTERS CANSo GIFf NUTS oo $1.9 o LIE S&VER Gift BooIp 49c FREE DELIVERY IN MEDFORD r 30 J ( N. CENTRAL 1 DIAL 1 X. 3-S37I ) o O o
