Medford mail tribune., June 17, 1957, Image 5

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Chicago Firm's Retirement Plan
Seen Model for Other Companies
Chicago '? Sam Trapani.
40, is just an averase shop work
er, but he has S12.000 in sav
ings. And at the age of 58 he'll
have at leat S60.000.
Steve Tarasuk. 37. another
shop worker, has S14.631 in sav
ings. Roy Bringelson, 33, a pro
duction supervisor, has saved
$23,707.
All are employees of the House
of Vision, a M.dwestern optical
firm which prides itself on its
retirement plan.
Big for its industry, the firm
operates in five Midwestern stat
es. But it is no industrial giant.
It employees 320 persons and
qualifies as a ''small business."
Nevertheless, its retirement
plan tops many of the largest
ones in its benefits to the aver
age worker.
Bernard Spero, who founded
Jhe firm in 1924. started the em
ployees' trust fund in 1938 with
the idea that his employees were
entitled to share in the profits.
Annual Company Contribution
Spero put up 200 of his own
shares of stock in the company
to start the trust fund, and of
fered an annual company con
tribution of 20 per cent of the
firm's profits.
The employees contribute 2
per cent of their pay, and these
contributions now total S148.968.
The company has contributed 3.6
times this amount, of $544,178.
Milton Spero, Bernard's broth
er and treasurer of the company,
believes the plan might serve as
a model for small business gen
erally. "Eventually small business will
have to come to something like
this." he said. "The plan has been
a tremendous benefit, both to the
employees and the company.
"We have very loyal workers,
and a very low turnover in per
sonnel." The trust's assets today total
$1,652,021. The 227 members
hold an average of more than
$7,000.
Average Misleading
But Milton Spero says the
"average" is misleading, because
older employees have benefited
Swe$t Home Youth Dies
Of Injurits in Crash
Sweet Home W Glen
Godcll, 16, Sweet Home, died in
a hospital here Friday a few
hours after a two-car crash about
five miles east of here.
Critcially injured in the crash
was Jeraldige Holder, 36. also of
Sweet Home. She and the dead
youth were passengers in a car
driven by Curtis Holder. Driver
of the second car was Valloy
Mae Woodruff, Bend.
s j 3- ik. - b c . mm. i m m si mm si m m
I far more. For example, he said,
lone man joined the firm in 1939
' as a messenger boy at S8 a week.
: Now an executive, he has more
than 540.000 to his credit and
in another 20 years he could
have S150.000.
Trapani. who walks on crutch
es, has a "sit down" job fitting
eye-glass lenses into plastic fram
es. His contribution to the fund
has totaled $300 and his share
is $12,609.
"It s a great thing." said Tra
pani. who has five children.
Quotes From the News
By UNITED PRESS
Washington Sen. J. William Fulbright (D-Ark.). challenging
President Eisenhower's appraisal of John Foster Dulles as one of
the nation's greatest secretaries of state:
"President Eisenhower is a military man and I don't think he's
qualified to judge this matter."
Brussels American heart specialist Louis N. Katz, of Chicago,
predicting that heart surgery is on the brink of a revolution:
"Open surgery is, I believe, the future as far as the future lies
with surgery."
Trenton, N. J. Gov. Robert B. Meyner, expressing his sym
pathy to the family of Arthur T. Vanderbilt on the death of "the
state Supreme Court justice:
"They may take consolation in the knowledge that Arthur T.
Vanderbilt in his lifetime made contributions to his fellow men
that will be deathless."
Washington Harry I. Kirk, president of the American Auto
mobile association, on 1956 pedestrian fatalities:
"In a year when automobile accident fatalities reached a new
high it is encouraging that one phase of the traffic accident prob
lem recorded a new low. According to the best calculations, 7,950
pedestrians lost their lives last year, 50 fewer than the previous
low of 8.000 in 1954."
New York Jockey Billy Pearson, who spent $106,000 in tele
vision quiz show prizes within one year, asking that his latest
$32,000 prize be put in a trust fund:
"Listen, it's been pretty rugged for my wife and all. Put it in
a trust. Maybe we can give some to museums or something."
Russian Physicians
Treat Crash Survivors
Moscow 'IP Russian phys
icians Saturday gave "wonder
ful" care to the three American
survivors of a Polish airliner
crash which killed nine other
persons, two of them Americans,
in a muddy, rainswept field out
side Moscow Friday night.
All five Americans were from
Grand Rapids. Mich., and were
on a tour of Europe together.
Richard Cheverton, news di
rector of TV station WOOD in
Grand Rapids and 13-year-old
Michel Tremper were only
slightly injured. Michel's moth
er, Mrs. Margaret Tremper, was
in critical condititon.
GEEBTE03 H ! " a0 C3E20
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About 50 employees have
bought homes financed through
the plan. Most of them agree
they "couldn't have bought a
house" without the plan.
Ruth Reigner. an attractive,
trim office worker, has contri
buted $596 to the fund since 1949
and has a balance of $7,736.
Single, she showed her pass
book to some fellow employees
and got "three or four marriage
proposals."
"They were impressed by my
big. fat figure," she said.
Judy Garland Back
In Revue in Texas
Dallas, Tex. HP) Judy Gar
land, after quitting in the midst
of her Saturday night show due
to a virus infection, was back
in action Sunday night in her
state fair revue here.
Miss Garland told the aud
ience of 3.499 Saturday night
that "I can't complete the show.
I've had the virus for a week. I
just can't go on."
Ticket holders were given ei
ther a refund or a scat at anoth
er performance.
She came back in Sunday
night's performances as bouncy
as ever.
I )em3
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"4f.FS JrJW STEVENS 5&r,
A hundred wholesale and re
tail lumber concerns on the east
ern seaboard are among the
original sponsors of a benevolent
organization named "The Lum
bermen's Forest in Israel." Sam-
Cut To Fit
I2'224'2
Half-Sizers! Make your new
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toned line; skirt your favorite 6
gore style. Easy to sew with our
PRINTED Pattern cut to fit.
Printed Pattern 9253: Half
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Printed directions on each pat
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for this pattern add 5 cents for
each pattern for lst-class mail
ing. Send to Marian Martin, care
of Medford Mail Tribune, Pat
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New York 11. N.Y. Print plain
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ayh 9253
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mm. mm.
uel Cohen, head of the Ameri
can Lumber Corporation of
Philadelphia, is a sponsor. He
says:
"Israel, famous for its wealth
of forest in Biblical times, has
been virtually denuded of trees
. . . This has resulted in serious
soil erosion. To help correct this
terrible condition, the Jewish
National Fund has reforested an
aggregate of some 100,000
dunams (about 20,000 acres),
planting 20,400.000 trees. Most
of this land rehabilitation was
done in the hills of Galilee and
Judea, and is now being extend
ed to the Negev ... It is the
plan of the Jewish National
Fund to plant not less than
200,000,000 trees in all parts of
Israel . . ."
Keep the Holy Land Green
A hundred years ago pilgrims
to Palestine came home lament
ing the increase of its desert
areas. Centuries of over-grazing
by the sheep of nomadic tribes
had turned grass roots into dust
and exposed the forests to soil
erosion and fire. Mark Twain
wrote of Palestine as a hopeless
wasteland.
The Jewish National Fund,
started in 1901, made land recla
mation an essential project for
Israel. By 1925 modern agricul
tural land management was in
effect on all areas that had
been colonized by American and
European Jews.
The colonists of Israel, with
today's tools and techniques of
agriculture and forestry, have
worked wonders on many of
the republic's 8.050 square
miles. They have demonstrated
to their Arab neighbors that all
of the Near East countries can
be reclaimed as productively,
once there is peace in the val
leys and forests on the hills.
Paul Bunyan Awards
Technical foresters will be in
terested in the fact that the Jew
ish National Fund's nursery ex
perts have found, through long
experiment, that the best species
for keeping the Holy Land
green are the olive and the pine,
the eucalyptus and the tamarisk,
the cypress, the carob and the
pistachio. Also, that tree seed
lings to survive in Israel must
be naturalized grown in nur
series within the country.
Tree planting in Israel was
begun long, long ago. on the
authority proclaimed in Isaiah
41:19-20:
"I will plant in the wilder
ness the cedar, the acacia, the
myrtle, and the olive; I will set
in the desert the cypress, the
plane and the pine together;
(TY7) orfoftofl
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Monday, June 17. 1957
Gay Stifchery
Towels add gay flavor to your
kitchen a cheery touch to a
hostess gift! Appropriate "ging
ham" background is simple
crossstitch, done in 2 shades of
color!
Pattern '7345: Transfer of six
kitchen motifs. 6x7 inches; color
suggestions; directions.
Send THIRTY -FIVE CENTS
in coins for this pattern add 5
cents for each pattern for lst
class mailing. Send to Medford
Mail Tribune, Household Arts
Dept., P.O. Box 168, Old Chelsea
Station, New York 11. N.Y. Print
plainlv NAME. ADDRESS AND
PATTERN NUMBER.
A bonus for our readers two
FREE patterns, printed in our
new Alice Brooks Needlecraft
Book for 1957! Plus a wonder
ful variety of designs to order
crochet, knitting, embroidery,
huck weaving, toys, dolls, others.
Send 25 cents for your copy of
this exciting NEW needle book
now!
Norway, Canada and Sweden
lead the US in per capita con
sumption of electricity according
to present figures.
that men may see and know,
may consider and understand
together, that the hand of the
Lord has done this, the Holy
One of Israel has created it . . ."
So the first Forester of Israel
speaks to us still.
ami mm
Civil Rights Backers
Washington W House
supporters of President Eisen
hower's civil rights bill today ex
pected to fend off last-ditch
Southern opposition and pass the
controversial measure.
Both supporters and opponents
believed it would be passed by
nightfall, despite Southern at
tempts to weaken the legislation
by offering eight or 10 more
amendments.
Southerners staked their main
hope on securing a roll call vote
on the jury trial amendment. The
House already has rejected the
amendment on a 199-167 non
record vote.
Civil rights advocates express
ed confidence they had the votes
to turn back all the amendments.
The jury trial provision would
Pj
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T 'T1?
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MEDFORD (OREGOK) MAIL TRIBUNE FIVK
Hope To Pass Measure
guarantee a trial before a jury
instead of a judge to persons ac
cused of violating federal court
orders tT head off possible de
nials of the ballot or other right.
DEBT FULFILLED
Grand Rapids, Mich W
It took more than 40 years but
the defunct Czarist government
of Russia has fulfilled it obliga
tion to Grand Rapids. City Trea
surer Simon J. DeBoer said he
has received word the city soon
will receive S1.891 for payment
and interest on a S1.000 bond
issued by the Czarist govern
ment. The U.S. government is
paying bond holdings with as
sets of the Czarist goverment
that were frozen when the Com
munist revolution began.
if'
WORLD'S
largest
KAUAK
CALL Wring MM.
Or an avrfrarlntf f rev aofnt .
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RADAR
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