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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
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ooo
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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
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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
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