Medford mail tribune., December 27, 1957, Image 4

FOUR MEDFORD (OREGON)
Mkwo)4tribuxk
T very one tn Southern Oregon
Reads The Mall Tribune"
Published Daily Except Satur'lay by
MEDFORD PRINTING CO
7-29 Nortfl Fir St Phone 2-6X41
ROBERT W RUHL. Editor
IB GREY Advertising Manaeer
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tIC ALLEN JR Man'?"' Editor
yRL H ADAMS. City Editor
kRRV tTHTPMAN Talxirif.fi trHftn
ICHARD JEWETT Soorts Editor
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ftALg ERICKSON Circulation Mgr.
An Independent Newspaper
Entered as second class matter at
Medford Oregon under Act o
March 3. 1897
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Flight o' Time
Medford and Jackson County
History from the files of The
Mail Tribune. 10, 20. 30 and
40 years ago.
10 YEARS AG
Dec. 27. 7A47 (Sunday)
A Josephine county orchardist
proves he can grow pears profit
ably on dry land, according to
reports from Grants Pass.
From Arthur Perry's Ye
'. Smudge Pot column: "All the
. valley co-eds and co-Edwards are
back from the campi, reeking
with learning and the new dance
', steps."
.20 YEARS AGO
Dec. 27. 1937 (Monday)
Jackson, county to switch from
bounty system and employ gov
"emment hunters in extermina
ition of coyotes and other ani
mals. The 1937 turkey crop of the
Rogue River valley, estimated at
145,000 birds, gets better prices
.than last year, according to
county agent.
30 YEARS AGO
Dec. 27, 1927 (Tuesday)
Medford and Jackson county
to be represented at annual meet
ing of the Oregon State Teach
ers association in Portland.
Two men apprehended on
charges of armed robbery with
in two hours after the Diamond
-Cafe on East Sixth st. robbed
of about $190.
'40 YEARS AGO
Dec. 27. 1917 (Thursday)
Local milliner gets blood
poisoning from pet cat and is
taken to the hospital.
A carload of apples will be
shipped from the Rogue River
valley for soldiers overseas, ac
cording to fruit men here.
Vhai's Your I.Q.?
Nine ot ten correct Is superior;
even or eight Is excellent; five or
six Is good.
1. Which of these three men
was an Archbishop: Edward,
James, or Patrick Gibbons?
2. Bible: Was Jeroboam, King
of Israel, also Suzerain of Ju
dah? 3. Who is the Sovereign of the
State of Vatican City?
4. Bremerhaven is a port of
what country?
5. What is the principal ore
from which aluminum is ob
tained? 6. Complete the expression
"grinning like a cat."
7. Is St. Vitus Dance a dis
' ease of the central nervous sys
tem, a form of terpsichore or the
name of a plant?
8. A tarpon is a spear for
killing whales, a fish, or a can
vas cover?
9. A viola is one-fifth, one
sixth, or one-seventh larger
than 'the violin?
10. What is the boiling point
of water on Centigrade thermo
meters? Answers: 1. James Gibbons.
2. Yes. 3. The Pope. 4. Ger-
. many. 5. Bauxite. 6. Chesire cat.
' 7.A disease of the central nerv
ous system. 8. Fish. 9. One-
' seventh. 10. 100 degrees.
SPANISH AUTHOR DIES
London opt Arturo Barea,
60, Spanish author and broad
caster died at his home in Far
ingdon,. England, it was an-
'nounced today. Barea, foreign
press censor in Madrid from
1936 to 1937, emigrated to
France in 1938 and to England
in 1939 where he became British
Broadcasting, Co. commentator
for the BBC Latin American
.service. '
MAIL TRIBUNE
Editorial Correspondence . . .
(Eric Allen, Managing Editor of the Mail Tribune is
taking a two week's vacation in California and the follow
ing is the first of his travel letters received.)
Long Beach, Calif. The sun is shining, roses and lilies are
in bloom outside the window, and a bird can be heard singing
in a tree in the back yard.
This is the attraction which brought people by the millions
to southern California. And it is the people who are making it
unbearable. People, as people, are fine. But this vast complex
of suburbs which is called Greater Los Angeles is one of those
places where so many factors of life are so unpleasant (for a
country boy anyway), that every time we come here we swear
we'll never come again.
rPAKE the Hollywood-Santa Ana Freeway, for example.
This great engineering triumph, a smooth swath of concrete
and asphalt which ranges in width from four to ten lanes, and
was cut ruthlessly through homes, businesses, parks and hills,
was designed to make automotive transport from one place to
another as smooth, easy and pleasant and as swift as could be.
We drove over it last night, coming from the north, and it
took us a good hour to stop trembling after we got off it. The
maximum posted speed limit is 45 miles per hour a speed which
we conscientiously observed. We were the only ones that did.
Tiny foreign sports cars ("There goes Tab Hunter," yelled the
teen-agers in the family car), went spurting around us as though
we were standing still; so did Cadillacs and Chevies and beat-up
vehicles of undertermined make, year and model. So, in fact, did
just about everything on wheels. It's as much as one's life is worth
to change lanes. And if you don't, you're apt to be swept miles
past your turn-off before you know it.
Ten lanes of traffic five on the left glaring at you with
headlights, five on the right sparkling with red tail lights the
roar of them as they rush past you, bumper-to-bumper in all lanes,
is enough to make a strong man quail. One assumes that the other
drivers have become inured to the strain. But we won't feel so
badly about traffic on Main Street in Medford when we return.
TN THE 20 or so miles we traveled on this gargantuan torture
street we saw only one accident, a rather minor rear-end col
lision. But as the drivers stood arguing in mid-flow, with cars
whizzing by at 60 and 70, the lane they blocked was jammed
with impatient cars for a good five miles behind them.
Drivers attempted to get into other lanes, and a few hardy
souls with cars which had high horsepower and pickup made it.
One of them almost picked us off as he did so.
Nonetheless, we're still alive, miraculously, as are most of the
others that drove that mad rat-race last night. And this morning,
as we sit watching bees hovering over the flowers out the open
window, and listening to the man down the street mow his lawn,
we think maybe well, if not worth it, there are compensations.
But within a radius of 100 miles, there are more than a million
people. And that's too many for this native Oregonian.
THE trip south was a delightful, though somewhat tiring, mix
ture of experiences. There was a driving, cold rain in the
Siskiyous, with glaring headlights and almost nil visibility. Most
of the towns have some sort of Christmas decorations up some of
them gay and attractive, some droopy and rather sad. Both
Redding and Red Bluff have followed their tradition of long years'
standing of a big tree in the middle of the main intersection in
town.
All through the northern Sacramento valley there is evidence
of recent heavy rains. Even the dry hills and fields in the Willows
Corning area had standing puddles of water, and the streams
which are nothing but dry stream -
considerable amounts of flow in
Further south, as we took the
between 10 and 20 miles), the rolling hills were mostly a light
green, except where recent plowing had turned them to chocolate-
brown. Many of the hills are cultivated on all but the very steep
est slopes, and we often have
their tractors and plows from tumbling down the incline.
In pasture after pasture, we
with new lambs. All looked dirty-grey and round in their heavy
winter wool, and most flocks had one or two black sheep which,
from a distance, looked like shepherd dogs.
CALIFORNIA is building highways at a great rate. Most of them
seem to be of the freeway type, with separated lanes. In one
spot, long rows of oleanders have been planted between the north
and south lanes to cut down headlight glare a fine idea.
A new bridge at Carquinez
pleted, and will carry north-bound traffic, while the old three-
lane bridge carries southbound cars. Beyond the bridge, the out
line of the proposed freeway is an incomplete scar slicing over
the rolling hills.
For some reason, perhaps simple familiarity, or perhaps lesser
amounts of traffic, or even possibly better design, the freeways
in the Bay area are far easier to drive on, and certainly seem
to be better policed and planned than are those in southern
California.
In Oakland, southbound traffic
deck, and northbound cars go on a lower level, right beneath the
southbound lanes. At interchanges, one can see cars speeding in
what seems to be all directions at once, and on at least five levels.
BETWEEN Oakland and San Jose, the freeway (except for a
few uncomplete sections) speeds straight and wide through,
first, a semi-industrial area, then through acre upon acre of
housing developments, alternating with acre upon acre of cab
bages. Never have we seen so many cabbages. It looked as though
there were enough to keep the
to come.
To a country boy from Medford. used to grass and trees and
flowers and room to breathe in,
in behind high wooden fences, and
built cheek by jowl with their
suburban slums. But the big advertising signs made them sound
good. "A man's home is his castle," said one just outside an area
of stucco two- and three-bedroom houses, crowned with a forest
of television antennas.
SURPRISINGLY, to us, the loveliest part of the trip came in a
part of California we had always remembered from the sum
mertime when it was hotter than blazes and dry as dust. This was
through the Salinas valley. At Salinas, most of the worse aspects
of metropolitan "civilization" begin to thin out. And in December,
the land is green and attractive. The native oaks form dark,
bunchy silhouettes against the pale green of the hills; the fields
look clean and fresh, and the pale winter sunlight bathes them
all in its thin, bright light.
Even the mountains lost their dusty look in this weather.
Traffic was thin on this day, a Sunday, and the drive from King
City to Paso Robles to San Luis Obispo was sheer joy E.A.
Kellogg Stores Destroyed by Fire
Kellogg, Idaho (IP) Fire de
stroyed five business houses in
downtown Kellogg today and
caused damage estimated at $1
million.
The fire started about mid
night and firemen battled the
flames for eight hours before
bringing them under control.
No one was hurt but the blaze
destroyed the Korner Klub night
club, Densow's drug store, An
thony jewelers, Morrow's retail
store and Mary's cafe. They
were of brick and frame con
struction, and only some of the
walls were left standing.
The Kellogg drug store, the
ALL Ms FOR MC NUTTS
El Centro, Calif. (IP) Mrs.
James McNutt, who has children
named James, Julia, Janet, Joya
and Jerry, gave birth to a daugh
ter Thursday. The baby's name:
Jean.
Friday. December 27, 1957
beds 10 months of the year had
them.
cut-off through Winters (it saves
wondered how the farmers keep
saw flocks of sheep, some of them
straight is nearly half-way com
on the freeway is on an upper
world in cole slaw tor years
the housing developments, cooped
with the little, identical houses
neighbors, looked dreary sort of
only building remaining in the
burning 200 block of Main st.,
was damaged heavily by smoke
and water. Seventeen persons
were evacuated from the Bunk
er hotel which was on the sec
ond floor of the building.
The cause was not determined.
ITALIAN ARCHITECT DIES
Rome (IP) Alberto Calza
Bini, 76, one of taly's leading
architects, died at his home on
Christmas Day. He served in
the Italian Chamber and Sen
ate and was an honorary mem
ber of the American Institute of
Architecture.
COLOR TV IN JAPAN
Tokyo HP) The Japanese
government announced today it
had given permission to two
Tokyo television stations to be
gin experimental color telecast
ing, marking the debut of color
TV in Japan.
mi &
W. Did you eves walk barefooted on ICBV
Political Strategist1
Needed in Republican
Party, Wilson Writes
By LYLE C. WILSON
United Press Correspondent
Washington (IP) No telling
what the Republicans wanted
for Christmas but there is no
doubt about
what the party
needed most.
The Republi-can-Party
needed a top
flight political
s t r a t egist, a
political gen
ius type. They
are hard to
come by. The
Lyle C. Wilson
Republican Party must, how
ever, come by such a leader
or else!
Or else refers to the 1958 Con
gressional elections and beyond
that to the Presidential contest
of 1960. There are politicians
in Washington who keep not one
but both ears to the ground. In
this strange posture they have
been listening to the grass roots
for portents of next November's
Congressional polling.
Republican ears-to-the-ground
men do not like what they hear.
From what they hear they fear
that the Republican Party will
emerge from next year's Con
gressional contest weaker than
at any time since the political
upheaval of 1936.
Remember Roosevelt
That was the year in which
FDR carried all but Maine and
Vermont. The 75th Congress
elected in 1936 consisted of:
Senate: Democrats 75; Repub
licans 16; Progressive 1; Farmer-Labor
2; Independent Repub
lican 1.
House: Democrats 333; Repub
licans 88; Progressives 8; Farmer-Labor
5; Vacant 1.
That was the low point for
the Republican Party since the
war between the states.
The 85th Congress elected last
year consisted of:
Senate: Democrats 49; Repub
licans 47.
cCann Balances Bad,
Good News
By CHARLES M. McCANN
United Press Correspondent
The week's good and bad
news on the international bal
ance sheet:
Spokesmen for both the Unit
ed btates ana boviet Kussia
spoke Christmas week with ex
pressions o f desire to reduce
world tension.
President Eisenhower and Sec
retary of State John Foster
Dulles spoke for the United
States. Soviet Communist Party
Leader Nikita S. Khrushchev
spoke for Russia.
Eisenhower and Dulles gave a
joint report to the nation by
television and radio on the North
Atlantic Treaty Organization
meeting in Paris.
Eisenhower said that the 15
NATO countries aimed not at ag
gression but at "the pursuit of a
just peace." All Russia has to do
to ease tension, he said, is to
give "clear evidence of Commu
nist integrity and sincerity in
negotiation and action."
Dulles pointed out how Russia
has persistently obstructed all at
tempts at controlling nuclear
weapons and attaining disarma
ment. But the NATO countries,
he promised, would continue
"probing" to find out whether
Russia has the "good will to re
sume serious efforts to achieve
nuclear peace."
As part of the "probing" it
was made known, the govern
ment is seeking some way to re
open stalled disarmament nego
tiations with Russia.
Khrushchev, addressing the
Parliament of the Ukraine, one
of the Federal Republics, of the
Soviet Union, indicated strongly
that Russia might reduce the
size of its armed forces.
Khrushchev pointed out that
the All-Russian parliament, at its
recent meeting in Moscow, had
House: Democrats 233; Repub
licans 200; Vacant 2.
Differences Pointed Up
The consensus is that although
the Republicans are not heading
to a new Congressional low next
November, they surely will take
a bad beating. Thirty-two Senate
seats will be up for grabs in
1958, eleven of them now Demo
cratic and 21 Republican. All
435 members of the House must
seek reelection or retire.
There is a peculiar difference
between the political outlook
for Senate Republicans and
what actually happened in the
New Deal election triumphs of
1934 and 1936 which so humili
ated the Grand Old Party.
In 1934 and 1936 the voters
cut down the flower of Republi
can conservatism. Republican
candidates who survived those
elections generally were politi
cians who latched onto FDR's
New Deal and promised mostly
that they could do it better.
Conservatives Listed
The voters picked off such
Republican Senators as these:
Frederick C. Walcott (Conn.),
Simeon Fess (Ohio), Hamilton
F. Kean (N.J.), Arthur Robinson
(Ind.), Roscoe C. Patterson (Mo.),
Felix Hebert (R.I.), and David A.
Reed (Pa.). Patterson was suc
ceeded by an unknown named
Harry S. Truman.
These defeated senators are
gone and long forgotten but they
once were among the shock
troops of the conservative GOP.
Next year it probably will be a
bit different.
Of the 21 Republican senators
whose terms are expiring, the
experts generally agreed that
only two could be absolute shoo-
ins, couldn't be beat. They are
Sen. George W. Malone (R-Nev.)
and Sen. William E. Jenner
(R-Ind.). Jenner has decided not
to run again. That, however,
does not alter the fact that he
and Malone conservative anti
Ike men alone has it made.
of Week
asked the government to con
sider a cut. The request was
made, he pointed out, because
the NATO countries had said
they would not use force in then
relations with other nations.
But Khrushchev emphasized,
as did the parliamentary request
that any reductio would be bal
anced by additional concentra
tion on new types of weapons,
without reducing the country's
defensive power.
The Soviet government fol
lowed up this speech by distri
buting to foreign embassies in
Moscow the text of a seven-point
Disarmament and Peace Resolu
tion passed by the Parliament.
In another move, the Soviet
government named Mikhail A.
Menshikov ambassador to the
United States. He is to succeed
Georgi N. Zaroubin, who has
been envoy to Washington since
1952.
Menshikov has served as am
bassador to India. He also has
served as minister for foreign
trade and he is a high-ranking
member of the Communist
Party.
Apparently in line with the
policy of tightening Communist
control of all Russian activities,
civil and military, Mme. Ekate
rina Furteseva was replaced as
Secretary of the Moscow City
Party. She will now devote her
self to her work for the party's
Central Committee.
No - special significance was
seen in this switch. Mme. Furte
seva, a long-time friend of Khru
shchev, is the highest-ranking
woman in Russia a full mem
ber of the party's Presidium, the
15-member body which rules the
country.
Subways are partially ventil
ated by the piston action 'of the
trains driving the air through
the tubes.
Matter of Fact
By Stewart Alsop
THE SPACEMAN
Washington Why, since the
beginning of time, have all men
admired a brave man, a man
more willing
than others to
risk death?
After all,
many brave
men are stu
pid, and some
are evil.
The ques
tions e em s
worth asking
Stewait Alsop at mis season,
whose purpose is, after all, to
commemorate a very brave Man
indeed. And part of the reason
why ordinary men admire men
of more than ordinary courage
is to be found in the person of a
youngish, black - haired aviator
with long ears and the face of
an intellectual Mickey Mouse,
called Scott Crossfield. Some
time next year, if all goes well,
Scotty Crossfield will be the
world's first human traveller in
to true space.
Scott Crossfield will pilot the j
X-15 experimental rocket plane.
It is no exaggeration at all to
say that, in so doing, he will ex
perience one of the great human
adventures of all time.
v
CONSIDER what he will be
called upon to do. At some
time during the next several
months, he will crawl out of a
big bomber, flying at 50,000 feet
or so, into the tiny X-15 sus
pended from its belly. He will
gun the little plane, and point it
up towards space. In a matter of
seconds, he will shoot out
through the earth's enveloping
cloud of atmosphere, like a fish
leaping out of water.
Just where the air ends and
space begins no one has ever
precisely defined. Some put the
dividing line at 120,000 feet,
where 99 per cent of the earth's
atmosphere is left behind. Cross
field himself puts the dividing
line in the ionosphere at 200,000
feet. Wherever the line is, he will
cross it, shooting up and up, rid
ing his little rocket at speeds
more than five times the speed
of sound, perhaps as high (though
certainly not on the first try) as
500,000 feet, almost a hundred
miles above the familiar surface
of our planet.
ON THE way, he will pass
through incredible extremes
of temperature, leaping suddenly
at 150,000 feet from 70 degrees
below zero in the stratosphere
to the terrible heat of the iono
sphere. His little plane will run
out of fuel, in hardly more time
than it takes to soft-boil an egg,
but even after it has no more
fuel it will rush up and up for
miles on end, like a stone hurled
into the heavens.
Then at last, the initial im-
puse exhausted, the little pro
jectile will obey the pull of grav
ity, and turn down again towards
the earth. Then Crossfield will
experience the inhuman sensa
t i o n of total . weightlessness,
since the pull of gravity will pre
cisely equal the speed of his
plane. His wings will be useless,
since there will be no air, to press
against them. In the atmosphere,
the wings will take over again
and he will glide down in huge
sweeping circles, like an autumn
leaf, to land at last with a dead
stick but if all goes well un
harmed. SURELY this will be one of
history's great adventures.
What manner of man, then, is
the adventurer? Recently, I
asked Scott Crossfield to meet
me at my house. I was careful to
invite him at a time when my
four children would be there be
cause, like all children nowa
days, they are fascinated by
space. I don't know what they
expected the spaceman to look
like, but I am sure it was some
thing very strange. I myself
rather expected a brawny, dash
ing, seat-of-the-pants flyboy.
Instead, we met a thin, black-
eyed intellectual,- a brilliant en
gineer, capable of a witty defini
tion of the word "philosophy"
and of a fascinating thumbnail
sketch of the history of aviation.
Crossfield is capable also of ex
plaining, in terms my oldest son
at least (though not, entirely, his
father) could understand, the
problems of manned space
flight.
That is, of course, his favorite
subject, and when he talks about
it, he sometimes sounds a little
anoloeetic "it is my calling, my
vocation and my avocation, and
I think about nothing else." But
there is no need to apologize. On
the role of the human being in
the coming conquest of space he
is eloquent, even moving. "It is
a brazen conceit," he says, "to
suppose that a machine can be
built even one half as capable
as the mind of man."
EVEN in the age of the ballistic
missile, he is certain, the
minds and hands of men will
play the key role in the race into
space. As for his own part in
that race, he is diffident, even a
bit embarrassed.
He is very much a family man,
with five children, ranging down
to a three-weeks-old baby. But,
he says, he never talks to his
wife about the coming time
when he will crawl out of the
belly of the bomber into his tiny
X-15. "It's better not to talk
about it," he says. As to the per
sonal risk involved, he shrugs
Trusts Taking Funds
That Could Be Used
In Small Businesses
By ROGER W. BABSON
Babson Park, Mass. We see
much in the newspapers today
about the necessity of helping
small business
men. S u c h a
movement was
started 40
years ago by a
friend of mine,
Ernest Gaunt,
of O r 1 a n d o,
Fla. It has now
grown so that
Congressi onal
Roeer w Bahsnn Commit tees
are studying it.
There are many reasons for
the present lack of funds avail
able1 to small, deserving busi
nesses. One of these may be
traced to trustees and conserva
tive investors who buy only the
"blue chips," that is, the 30
Dow - Jones Industrial Stocks.
They refuse to buy non-dividend-paying
stocks, however bright
their future may appear.
This attitude by trustees is
especially unfortunate since
for tax and other reasons so
much more money is now being
placed in trusts than ever be
fore. Much of this is for chari
ties such as hospitals, col
leges, and churches; but much of
Communications
Letters to the Editor must bear
the name and address of the writer
although under certain circum
stances the use ot a pen name or
initial for publication is permis
sible The Mail Tribune reserves
the right to edit all letters with
an eye to clarification and conden
sation Letters submitted for pub
lication must not exceed 400 words
Another Junk Yard Protest
To the editor: In as much as
one side of the story of the junk
yard on Hilton Road (known as
the Speed Way Auto Parts) has
been heard, I believe it is only
fair that the other side have its
say.
I believe I can speak for more
than one hundred people on this,
however, I will only speak for
myself.
I live closest to this yard, di
rectly across the street and al
though I'm the only one whose
driveway is sometimes blocked,
others in the neighborhood can
smell the acrid smoke of burn
ing wiring and upholstery and
hear the noises that go on in the
night. But that is not really the
point.
We people living in this area
had hopes of building our homes
and living there. You hear a lot
about slums. There are even na
tionally advertised groups at
tempting to allevate and prevent
slum conditions. Yet we are fos
tering this condition here. How
many of you would build or buy
a home in the vicinity of a junk
yard? What about the new Med
ford school reportedly going in
in that area?
The impression left with the
city council was that there was
no objection to his operation. The
facts are that on more than
one occasion everyone in the area
has signed petitions protesting
his operation.
He is the only business oper
ated in the area. The people, in
an effort to make this a residen
tial area, went so far as to have
restrictive covenants placed on
their properties which is a mat
ter of record.
You may have gotten the idea
that this is an old operation, it
is not. Almost everyone in this
area was here before he came.
There have been no new homes
built since he came. Those who
have tried to sell have found it
difficult, if not impossible to sell
at all.
We invite each of you to drive
out the Crater Lake Highway
to Hilton Road to have a look at
this, and if you feel that this
will not enhance the City of
Medford, any efforts on your
part to allevate this situation
will be appreciated by a great
number of people.
H. V. Martin,
1386 Hilton Rd.
Medford.
his shoulders. "Once we've done
this thing," he says, "we'll have
taken a big bite into the future.
If you want to do big things, you
must accept an element of risk."
This is the season of hope, and
Scotty Crossfield is a good sym
bol of hope. For a small band of
brothers, brave and brilliant
men like Crossfield, represent
our best remaining hope that we
shall somehow be able to avoid
engulfment in the night of the
soul which is Communism; and
that we shall somehow, some
day, emerge into the sunlight of
peace on earth.
(c) 1957 New York
Herald Tribune Inc.
TfuaVie&uje
DAIRY-SMITH
East Main St.
We feature instant egg nogg .
No stirring, no water to add .
Simply pour and drink.
I 1 III 1
it is to protect wives, children,
and grandchildren. Hence, great
sums are no longer available for
risk- - growth companies which
need them so much.
Trustees Take Risks
Every trustee shoud be com
pelled by law to put 10 per cent
of trust funds into non-dividend-paying
companies in growing
fields, but with honest and in
telligent management. Of course,
some of this 10 per cent will be
lost; but the risk in my opinion
is not equal to the risk of buy
ing "blue chip" stocks at present
prices.
First-mortgage bonds yielding
about 4 per cent to 4V& per cent
are the favorite investments of
such trustees. Certainly, unless
bought at a discount, these bonds
are not likely to advance in price.
Hence, the only way their price
can go is downward! I belive
there are some good bond pur
chases now selling at a discount;
but even these are no hedge
against inflation unless they are
"convertibles." Moreover, most
of the convertibles, are not well
secured.
Unpatriotic
For trustees, banks, or indi
vidual investors to "take no
chances" seems both unreason
able and unpatriotic. The future
of our nation is dependent upon
our helping new industries. Che
present attitude is like a church
trying to operate without a Sun
day School. This so-called "con
servatism" was the basis of the
financial downfall .of France,
Spain, and Italy. The same "con
servatism" is now eroding Eng
land. The great growth of these na
tions occurred before the inven
tion of Trusts, or Mutual Funds,
or Savings Banks, which now
seek immediate dividends. Origi
nally, most savings went into
new industries such as we would
now call "growth speculations."
This is the oposite of the policy
of the average Investment Fund
today making it unpatriotic,
eventually killing prosperity and
stunting economic growth.
Pick Best Stocks
A bank or investment trust
should employ an Investment
Adviser who specializes in the
selection of good non-dividend-paying
stocks of honestly run
companies. These stocks should
be bought during the low area
of the Business Cycle. This prob
ably means that they should not
be bought now. It is also im
portant that not more than 10
per cent of one's funds be put in
such speculative-growth stocks
and that this 10 per cent be made
up of stocks of at least 10 com
panies. These should be com
panies whose stocks are listed
on the New York Stock Ex
change or on the American Stock
Exchange. There are about 350
of these now selling under $5.
They should go down to $2.50 or
less, but then double in price
about every five years. I know
of no way to double money safe
ly in less than five years. The
great factors are time and pa
tience. I therefore must give
readers a warning.
There is something about oil
and mining stocks which entices
a person and even "intoxicates"
him, like gambling or horse rac
ing. Such "intoxication" has
ruined many a family, has caused
bank clerks to steal, and has
sent some otherwise good men to
jail. Therefore, I beg readers,
when buying these non-dividend-
paying stocks, to stick to the
above rules. Insist upon broad
diversification and patient wait
ing. Otherwise, early success may
go to your head and result in
real trouble. Making money in
such stocks is "playing with
fire" unless you have real self
control. Portland Penguins
Sucumb To Disease
Portland (IP) Three of the
penguins recently brought to
Portland from the South Pole
died Thursday, and authorities
expressed concern that a fungus
type disease may have broken
out among the birds.
Jack Marks, Portland Zoo
superintendent who brought the
birds by airplane from the bot
tom of the world, said two of the
big emperor penguins and one of
the smaller adelies which showed
signs of distress Christmas day,
were found dead in the Penin
sula park pool in Northeast Port
land Thursday. The pool was be
ing used pending completion of
quarters for the birds at the
Portland Zoo.
Marks said an autopsy on a
penguin which died earlier, indi
cated the presence of Aspergil
losis, a fungus disease of the
lungs.
L
at Genessee