Speculation Becomes
Legitimate on Ike's
Choice of Successor
By LYLE C. WILSOK
United Press Correspondent
Washington UR) Any time
after noon today it will be ap
propriate for newsmen to ask
President Eis
e n h o w e r to
name his choice
for the next
R e p u b 1 ican
presi d ential
nomini tion.
Mr. Eisenhow
er's second and
last term be
gan at mid day.
It probably
Lyl. C. Wilion
will be the Franklin D. Roose
velt third term merry-go-round
all over again because Mr. Eisen
hower, alto, is the coy type.
FDR was more than coy. He
seemed to delight in misleading
questioners about his political
plans after 1940.
Mr. Eisenhower will be under
increasing pressure from this in
auguration day onward to ans
swer a couple of questions ur
gently interesting to the citizens
of the United States. The Presi
dent is not going to like it. He
is likely to lose his temper more
than a few times in news confer
ences between now and the ear
ly summer of 1960. The ques
tions to be pressed upon him will
be these:
Who is your choice to suc
ceed' you?
How about your young
friend, Richard M. Nixon?
The President will find prece
dent for a hands-off policy if he
decides to play it that way.
There is solid precedent, how
ever, for a president to choose
and obtain the nomination cf his
favorite for the White House.
Seafon To Ask Delay
In Dam Application
Washington (U.R) Secre
tary of Interior Fred A. Sea
ton said yesterday a recent
study by his department indi
cated it would be possible to
build a high dam on the Snake
river below Hells Canyon.
On the basis of this study,
Seaton said he would ask the
Rederal Power commission to
hold up the application of the
Pacific Northwest Power Co. to
build a dam in the area.
He said this would give the
department time to make studies
to determine the "ultimate com
plete feasibility" of a high dam.
Development of power sites
on the Snake river on the Idaho-Oregon
border long has been
a point of dispute between pub
lic and private power groups.
Teddy Roosevelt selected v"il
liam Howard Taft and probably
regretted it. FDR probably in
tended Henry A Wallace to suc
ceed to the White House when
he compelled a reluctant and
angry Democratic National con
vention in 1940 to accept Wal
lace as its vice presidential
nominee.
Mr. Roosevelt's own fourth
term disrupted that schedule,
and there is some doubt that
even FDR could have compelled
a Democratic National conven
tion to accept Wallace for the
top nomination.
Crowded Nixon
Mr. Eisenhower crowded Vice
President Nixon last yeir close
very close to withdrawal
from the contest for renomina
tion. Whether this was deliber
ate or unintentional is not yet
evident. More likely, the Presi
dent's artful dodging under the
fire of questions about Nixon
was a convenient compromise to
avoid a showdown with the ag
gressively active and opposing
forces which rallied against the
vice president.
It also seems possible, per
haps likely, that Nixon finally
was given private assur.rce ihat
he was the President's choice
again for a running mate. How
ever that may be, Nixon almost
pulled out, but did not. Some
thing must have changed his
mind.
22 Persons Hurl
In Train Accident '
Milwaukee, Wis. (U.R)
Seven cars of a Chicago and
North Western Railway stream
liner traveling at 70 miles per
hour derailed Sunday night, in
juring at least 22 persons.
Officials at Milwaukee County
General hospital, where 16 of
the injured were taken, said no
one was hurt seriously and some
were released after brief treat
ment. The train, the North Western's
crack "Peninsula 400," was
northbound for Green Bay, Wis.,
when the rear seven cars left
the track about 10 miles north
of here in suburban Brown Deer.
The cars tore up half a mile
of track, tipped at about a 45
desree angle.
Flames, apparently caused by
a gas leak, shot up one side of
the loung car, but quickly dis
appeared and there was no fire.
Sheriff's officers said most of
the passengers remained calm,
although some became panicky.
I-f ff i-- 1 1 PS
. miM i inia ii i ii m -rwii rtrr
SEEK HALL SUCCESSOR The Republican National
Committee met in Washington to begin task of selecting
a successor for Chairman Len Hall who is retiring. Shown
at the meeting, (left to right): Meade Alcorn, Jr., GOP
Committeeman from Conn., a candidate for the post
and Len HalL
Monday, January 21, 1957
MEDFORD (OREGON) MAIL TRIBUNE FITS
Door Prizes, High Dividend Rates Offered
To Attract Dollars From Small Depositors
Chicago (U.R) Savings banks
are scrambling for the small
depositor's dollars in today's
money market across the nation.
Financial institutions have
boosted interest and dividend
rates, stepped up their adver
tising sharply and. in some in
stances even abandoned gentle
men's agreements against open
ly displaying the rates they pay.
Many generally-staid institu
tions are casting out lures and
resorting to gimicks to corner
the little man's surplus cash,
a United Press survey showed
today.
"There is terrific competition
for the savings dollar," said a
spokesman for one major Chi
cago savings and loan associa
tion. "And it's going to get worse
A Nkhol's Worth of . . .
Comment On This end That
By HARMAN W. NICHOLS
United Press Feature Writer
Washington (U.R) Speaker
Sam Rayburn's sister doesn't
know "what happened to Sam
this year
he's decided to
go to the in
augural ball."
Mrs. Edward
Bartley, "Mr.
Sam's hostess
back home in
Bonham, Tex.,
and his guest
for the in-
Harman Mrhoii augural weeK
end, said her bachelor brother
hasn't gone to more than one or
two inaugural balls in the 44
years he has been in Congress.
Former President Herbert
Hoover planned to watch Presi
dent Eisenhower's swearing-in
today but not the inaugural pa
rade. -Mr. Hoover's physicians
advised him against being out
for two or three hours in the
weather. The only other living
ex-president Democrat Harry
S. Truman declined an in
vitation to the inauguration.
Hawkers selling inaugural
trinkets peddled buttons featur
ing the likeness of another well
known personality besides that
oi President Eisenhower sing-
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er Elvis Presley. You could have
your choice of buttons reading,
"1 like Elvis" and "I hate Elvis."
Ninety detectives "national
ly known for their ability in
combatting pickpockets"
were on duty for the inaugural
festivities. Two Philadelphia de
tectives, Det. Frank Quinn and
Sgt. James O'Dare, arrested two
men Sunday immediately after
arriving in town and before they
could report to the police head
quarters for duty. This ruined the
last inaugural record when not
a single pickpocket report was
made. The better class of pick
pockets there days has gone into
con games and the fraudulent
check writing, police said.
Millionaires and near-millionaires
arrived for the inaugura
tion in their own private planes.
Among them were John Hay
(Jock) Whitney, newly appoint
ed ambassador to Great Britain,
movie star Gene Autry, oilman
Sid Richards and Henry Ford
II.
A m;ua who could have cover
ed the 2.5-mile inaugural parade
route in a matter of seconds was
slowed to the pace of ordinary
marching units. Maj. Clyde A.
Curtin, Victoria, Tex., was select
ed to ride in the Air Force's new
supersonic F104 jet fighter, but
all he had to do was sit because
the plane was towed, not flown,
along the parade route. Major
Curtin, 36, one of the youngest
command pilots in the Air
Force, flew 136 missions in Ko
rea and shot down five Russian
built Mig 15s.
The Secret Service didn't
exactly disarm movie cowboy
Monty Montana for this year's
parade but it made him promise
not to use his lasso. Four years
ago, Montana gave Mr. Eisen
hower's boyguards a bad time
bv throwing his rope around the
President as he rode by the re
viewing stand on his fancy horse.
4-H Club News
KANDY KIDS
The Kandy Kids cooking club
of Central Point met Tuesday,
Jan. 15. The meeting was led
by Joan Dobrot, president. It
was decided that the club would
have dinner at Kim's restaurant
and tour the kitchen at the next
meeting.
New record books were dis
tributed and a skit for the In
ternational Farm Youth Ex
change program to be held in
March was discussed. Members
discussed their last month's
clothing collection, in which
eight large boxes of clothes were
gathered and sent to Hungary.
After the meeting members di
vided into couples 'and each
couple did something toward get
ting dinner, setting the table
or cleaning. The menu consisted
of jellied fish salad, hamburger,
Spanish rice, applesauce, green
beans, home made bread, milk
and peach cobbler.
Patsy Charley,
Reporter.
SHEEP CLUB
The Applegate Sheep club met
at the school Jan. 17. Charles
Elmore was elected president,
Gwen Krouse, vice president,
and Miriam Gapen, secretary
and news reporter.
The next meeting will be held
Feb. 15 at 8 p.m.
Miriam Gapen,
Secretary.
Iraq Crown Prince On
Way To Washington
London (U.R) Crown Prince
Abdul Illah of Iraq, spokesman
for four pro-Western Moslem na
tions, arrives in London today
en route to Washington with an
appeal for greater U.S. support
against Communism.
He took off from Ankara, Tur
key, shortly after a week end
conference with leaders of Tur
key, Iran and Pakistan which,
with Iraq, are the four Moslem
members of the anti-Communist
Baghdad Pact.
King Saud of Saudi Arabia, a
member of the Arab neutralist
bloc, sailed for Washington from
Naples Sunday, following an
other Arab "summit" meeting
in Cairo with Egyptian President
Gamal Abdel Nasser, King Hus
sein of Jordan and Syrian Pre
mier Sabri El Assali.
before it gets better," he added.
Dividend Rates Jumped
Six San Francisco savings and
loan firms were among the most
recent to jump dividend rates.
They boosted their rates from
3i to 4 per cent annually last
week to meet competition of
major commerical banks which
raised from 2 to 3 per cent.
Most banks and building and
loan associations throughout the'
United States have upped div
idends or interest at least li of
1 per cent during recent months.
Some have made sharper in
creases in bids for savers' busi
ness. One Chicago savings bank of
fers one dollar in life insurance
for each dollar deposited, a sav
ings and loan bank gives a name
brand portable TV set for each
S3, 000 account, and another
lures potential customers with
a lottery giving away an auto
mobile and a paid vacation.
Books, Too
A Cleveland savings and trust
company promises a Webster's
comprehensive dictionary and
encylopedia for deposits of S250
or more.
A bank in Garden City, N.Y.,
presents four books including
a cookbook for Mom and a do-it-yourself
volume for Dad to
savers who put in at least $100.
Thousands of banks and sav
ings and loan firms hand out i
gifts ranging from wallets and '
pads to cameras, clocks and pen
pencil sets in return for the
privilege of using depositors'
money.
The more costly lures which
usually have strings attached or
accompany relatively low rates .
are thrown out by insitutions
under state supervision. The !
Federal Home Loan Bank board
last September placed a J 2.50 j
maximum limitation on give-1
aways for opening accounts in
sured by the Federal Savings
and Loan Insurance Corpora
tion. "The giveaways were getting
out of hand," a home loan bank
spokesman said.
However, the board has not so
far curbed the practice of en
ticing potential savers inside
savings bank doors with ex
pensive door prizes.
Advertising Drive
In a number of cities not
ably Atlanta and Chicago sav
ings firms are bidding for de
posits with cancerted newspaper,
radio and direct mail advertis
ing. Working on the theory that
money talks louder than free
prizes, many frankly stress their
"going" rates.
"They're breaking the traces
of a gentlemen's agreement i
against advertising dividend j
rates," a Chicago bank official j
said. "And you're going to see '
a lot more of it."
Many ads offer depositors a
full month's interest if deposits
are made by the loth of the
month. One Chicago concern
pays interest from the 1st if the ;
desposit is made by the 21st. In
pre-"tisht money" days the 10th
day of the month was the gen- j
erally accepted cut off date. 1
Building and loan dividend
rates average about 3Vi per cent
in the South, 3 to per cent
in the East, 3 to 4 per cent in
the Mid-west and 3i to 4 per
cent in the West, the survey
showed. Banks are paying about
i per cent less for over-the
counter deposits.
Home mortgage loan rates
have climbed correspondingly
to 5 '.4 to 6 per cent over most
of the nation, the survey show
ed. "Closing fees" for home
mortgages also have been boost
ed in some cities, and building
and loan officials everywhere
admit the "tight money" situa
tion. has forced them to put their
lending on a much more "selec
tive" basis.
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using Goren's Point-Count bidding.
Greek Cypriols
Strike in Cyprus
Nicosia, Cyprus (U.R) Greek
Cypriots declared a general
strike throughout Cyprus today
and firemen battled to check
four huge fires which swept
through Greek-owned shops in
downtown Nicosia.
Police said the fires were set
by Turkish youths to avenge the
death of a Turkish policeman by
a bomb tossed by a Greek Cy
priot extremist.
The general strike was called
less than 24 hours after rioting
Greeks and Turks clashed
throughout the old walled city
of Nicosia in the worst inter
communal strife since last May.
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