Many Investors Buy
Funds on Definite
Investment Plan
By ELMER C. WALZER
United Press Financial Editor
New York (IP) In the
past three years the mutual
funds have produced a half
million stock
holders who
buy their
funds on a
d e f i n ite in-
vestment
plan.
There are
two types of
plans in
volved, name
ly voluntary
Euner vTaizer
accumulation
plans which
have no specific time period
and contractual plans which
call for agreements to pur
chase mutual funds in a fixed
dollar amount on a monthly
or quarterly payment basis
for a specified number of
years.
The National Association
of Investment Companies has
'just completed a survey
which shows that accumula
tion plans on mutual funds
now accounts for about 20
per cent of all mutual fund
shareholder accounts. This
contrasts with only 10 per
cent three years ago.
Total value of all accumu
lation plans on mutuals stood
at $870 million as of Nov. 30,
Arguments About
Elvis' Deferment
Irk Draft Officer
Memphis, Term. (IP) Mil
ton Bowers, chairman of the
board that ordered Elvis Pres
ley drafted in March, is "fed
up to the teeth" with argu
ments about the board's decis
ion. Letters are his problem a
flood of them, airing the pros
and cons of the rock 'n roll
entertainer's being drafted
I andor about his 60-day defer
ment to finish a movie. Some
of the reaction is coming by
telephone, disturbing Bowers'
sleep.
"A crackpot called me after
my bedtime Saturday night,"
Bowers grumbled Sunday,
!'and complained that we
: 'didn't put Beethoven in the
Army.'
Not an American
"Not considering the fact
' that Beethoven -was not an
American and has been dead
for some time, I suppose he
felt we were discriminating
against rock 'n roll music.
"I told him we put Mr. Ei
senhower in the Army and
that ought to count for some
thing. Then I asked him how
old he was and when he told
me 52, I asked him how he
got so stupid in 52 years."
The reaction is about even
ly divided, Bowers said, but
it's the complaint that really
burn him up.
Called Bunch of Goons
"One woman in a letter
Sunday called us a bunch of
damn Southern goons," he
said. "Well, she's the one
who's a goon."
"I talk about Elvis more
than I sleep," he added.
The draft board chairman
said he figures that a draft
board member in Kentucky
who resigned rather than
draft mountain boy- after
hearing of Presley's defer-
ment is "a fool."
"With all due respect to El
vis, who's a damn nice boy,"
Bowers said, "we've drafted
people who are far, far more
important than he is. After
all, when you take him out
of the entertainment business,
what have you got left? A
truck driver."
FATAL MISFIRE
Charleston, S. C. (IP) A
young hunter accidentally
shot and killed his sister Sun
day while carrying out his
father's safety instructions.
Officers said William Ray
Hunter, 14, was preparing to
unload his rifle when it fired,
killing his sister, Sylvia, 15.
JUST HOW TENSE ARE YOU?
Do minor problems and disappointments bother
you mors than they should?
Do people have trouble getting along with you?
Is rt hard to stop thinking of your anxieties?
Are you suspicious of people, even your own
friends?
Do you sometimes have a feeling of being trapped?
If your honest answer to several of the above is "yes,"
it's time to take a good look at your present state
of mind.
A new free booklet, "How To Deal With Your
Tensions," written by top experts in the field of
psychiatry, offers 11 simple, practical steps you can
take to aid in handling your fears and anxieties. Send
for your copy today. Write to: Better Mental Health,
Box 2500, New York 1, New York.
Published as a public service in co-operation with The Advertising
Council and the Newspaper Advertising Executives Association.
1957, or about 9V4 per cent
of the total assets of the 140
mutual fund members of the
Association.
Popularity Increasing
The Association said that
both voluntary and contrac
tual plans showed steadily in
creasing popularity among in
vestors, and noted that as of
Sept. 30, 1957, contractual
type plans represented 30.9
per cent of all accumulations,
and voluntary plans 49.1 per
cent.
The average amount invest
ed each year by investors in
both types of plans was slight
ly higher than $400, accord
ing to the survey.
The total amount of money
invested in accumulation
plans each quarter increased
from $25 in the third quarter
of 1954 to $64.70 in the third
quarter of 1957, the survey
showed. This amount was di
vided almost equally between
the two plans.
Stock Exchange Plan Popular
Wall Street men note that
investors like the use of plans
similar to the ones used by
the mutual fund companies.
The New York Stock Ex
change's monthly investment
plan has been doing very
well, according to estimates
made in the financial district.
The actual figures on 1957
are not yet available, but
they are expected to show
that smal linvestors weren't
too hasty to sell their hold
ings in the recent decline.
Purchase of stock on the
monthly investment plan isn't
instalment buying. There is
actual stock sold each time
the investor makes a pay
ment, so that the overall re
sult is true dollar averaging.
As long as the little fellow
does not become panicky and
sell he builds up a good little
nest egg for the future, ac
cording to market men.
The M-I-P is a lot of work
for the brokers but they say
it's worth it to make new
stockholders who will be
come bigger customers . as
their earnings and savings in
crease. Alias Poised for
Another Firing
Cape Canaveral, Fla. (IT) -
A brawny Atlas intercontinen
tal missile, mightiest so far
prepared by the United States
in reply to Russian rocket
threats, was poised again to
day for firing some time this
week.
Harsh winds lashing the
Cape and its great steel mis
sile towers were expected to
continue at least another day,
however, and could delay the
first test launchings of the
new year.
Best guess for triggering of
the blunt-nosed, 90-foot Atlas
was Wednesday, the day after
Congress reconvenes to con
sider the staggering sums
needed for bolstering the na
tion's defenses in particular
the guided missile develop
ment program.
Myrtle Creek Youth
Killed by Gunshot
Myrtle Creek, Ore. (ID
Raymond Gene Shelton, 19,
was killed instantly about
12:10 p.m. Sunday at his par
ents' home when a rifle in the
hands of a younger cousin
accidently discharged.
Coroner L. L. Powers said
Eugene Ralph Shelton, 17,
the dead youth's cousin, had
been loading a .32 caliber
rifle behind the Shelton house
when the gun went off, strik
ing Raymond in the back of
the neck.
The dead youth was the son
of Mr. and Mrs. Ray Shelton.
The accident occurred three
miles southeast of Myrtle
Creek.
Hartford, Conn (IP) Five
minutes after he reported for
work on a new job, Frank
Adamisik fell 75 feet to his
death.
TheyH Do It Every
WAS THE DRMMS FDRCc
BEHIND THE OFFICE IRLSJ MEET
AT EACH OTHER'S HOUSE CLUB
IAiDt iSUOWS ABOurNiCr7wti . iKtH I'M MAKltiS A Hrv HSI
AID! e-.HOYV5 4 BOUT
i ts. MPMlNS SORT OF A
CLUB? WE COULD MEET
OUCt A WEEK AT EACH
OTHER'S HOUSE-NOW,
WHO WANTS TO HUt-i-'
THE FIRST MEETING r
GOLD HILL
PTA Meeting
By MRS. CLYDE KELL
Gold Hill "How can we
keep our teachers?" will be
the topic for a group discus
sion at the Gold Hill Parent
Teachers association meeting
this Thursday evening, Jan.
9, in the Hanby school gym
nasium. Norman Gail will lead the
discussion, according to Mrs.
Walter Doherty program
chairman. Mrs. Norman Gail,
school music teacher, has
planned special singing, which
will be presented by the Sing
sters Chorus, made up of
fourth and fifth grade young
sters. Other music will in
clude two piano solos by
Charmaine Doherty.
Fifth grade room mothers
will be in charge of refresh
ments for the evening and
will be assisted by other
mothers of fifth grade pupils.
Miss Dorothy Schonemann
recently visited in the home
of her parents, Mr. and Mrs.
Ted Schonemann, before leav
ing for a Christmas cruise to
Acapulco, Mexico, aboard the
S. "S. Lurline. Miss Schone
mann is a social directress
for Matson Steamship Navi
gation company. Prior to her
visit here with the Schone
manns, she had been on a 42
day cruise to the South Pa
cific on the S. S. Monterey.
Bill Romberger of Golcon
da, Nev., was a visitor in the
home of Mr. and Mrs. Wil
liam Force during the Christ
mas week. He is formerly of
Sutherlin, Ore.
The Clayton Netzel family
recently returned from Klam
ath Falls, where they ' visited
Mrs. Netzel's parents, Mr. and
Mrs. Everet Jenning.
Mr. and Mrs. Delos Walker
and daughter, Linda, went to
Eureka, Calif., . where they
were guests in the home of
her brother and sister-in-law,
Mr. and Mrs. Lawrence Wills
and family, over the Christ
mas holiday.
Mr. and Mrs. D. C. Mapel
and son, Steve, of Central
Point had . as their guests on
Christmas Day, her parents,
Mr. and Mrs. Earl Moore of
Gold Hill and Mr. and Mrs.
Darrel Greb of Medford. Mrs.
Mapel and Mrs. Greb
sisters.
are
Mr. and Mrs. Jay Noakes
and family went to Vancouv
er, Wash., where they spent
Christmas with Mrs. Noakes'
sister, Mrs. Don Carpenter.
The Noakes family also visit
ed his mother, Mrs. Ollie
Noakes, and his sister, Mrs.
Lila Jewell, of Portland dur
ing the Christmas holiday.
Bill Force of Portland spent
a short time in Gold Hill be
tween the Christmas and New
Year's holiday. While here he
visited his parents, Mr. and
Mrs. H. D. Force, and other
relatives.
The home of Mr. and Mrs.
Raymond Biles was the scene
of a family reunion of the
Robert Dusenberry family on
Christmas eve and Christmas
day. Mrs. Biles is a daughter
of the Dusenberrys' and is
the former Edith Dusenberry.
There were 29 members of
the family present, including
the Biles son, Mitchell, who
is serving with the Navy in
San Diego, Calif., and Mr.
and Mrs. Woodrow Kendal
and four children, David,
James, Jennie and Carry, of
Springfield, Ore. Mrs. Ken
dal is the former Iris Dusen
berry. Mrs. Nora Wait and Mrs.
Robert Sutherland of Sardine
creek were also guests in the
Biles home over the Christ
mas holiday.
Terry Cooper arrived home
Thursday, Jan. 2, from Coos
Bay, where he has spent
three days visiting in the
home of his uncle and aunt,
Mr. and Mrs. Richard Rossie
and with his cousin Gary
Rossie. Mrs. Moore and Mrs.
Ernie Cooper are sisters.
Time
s i
J est cc ic M I IflBI WHO'S HAvlNA THE Wpv yZ I
llffll MEETING ? It) HAVE rf f I
Mi I If Sill AT MVHOUSE.BUTM4M4 1
S"VaM!Tl Iff HA IS SICK AND MV APART- 1
Scheduled
Mr. and Mrs. Fred Day of
Bremerton, Wash., spent one
week during the holidays vis
iting in the homes of his par
ents, Mr. and Mrs. Bill Day,
of the Upper River road and
her parents, Mr. and Mrs.
Floyd ' Taylor, Gold Hill.
Christmas day guests in the
Taylor home, besides their
house guests were, Miss San
dra Hougton, Mrs. Alberta
Burshett and Willard, Glenn,
Irita and Reba Taylor, all of
Gold Hill
Mrs. Floyde Taylor, presi
dent of the Gold Hill Parent-
Teacher association, stated
that those who assisted her
on committees prior to Christ
mas at the school included
Mrs. Allen Hilkey and Mrs
Byron Brown, who prepared
the candy for the Santa Claus
treats. Assisting Mrs. Paul
Thome and Mrs. Edith
Thompson with serving the
turkey dinner to the pupils
were Mrs. Rollan Rosecran,
Mrs. Jimmy Martin, Mrs. Hil
key and Mrs. Taylor.
New Year's day dinner
guests at the home of Mr
and Mrs. Fred Governor and
family of Galls creek were
Mr. and Mrs. James Moran
and three children of Grants
Pass, Mr. and Mrs. Elmer
Baker and family from White
City, Mrs. Ruth Davis and
sons, Mr. and Mrs. Howard
Baker and two daughters all
of Rogue River, Mr. and Mrs.
Ivan Governor and three
daughters. Sardine creek,
Mr. and Mrs. Mike Tepovac
and Mrs. George Triller and
two sons, all of Gold Hill.
Mr. and Mrs. George Tril
ler and sons, Mike and
George, were hosts to a New
Year's dinner held at 5 pm.
Their guests included Mrs.
Mary Triller of Grants Pass
and Mr. and Mrs. Jim Martin
and sons, Kenny, Jimmy and
Gary, from Gold Hill.
Grange Notes
UPPER ROGUE GRANGE
Upper Rogue Grange met
Thursday, Jan. Z, witn wor
thy Master Herb Carlton pre
siding. A discussion was held and
the Grange voted to have one
meeting a month during Jan
uary. February and March,
that meeting being, the first
Thursday of the month.
Lady Assistant Georgia
Greive, Flora Hazel Ulrich
and executive committee
members jHelen Axtel "and
Bruce Grieve were escorted
to the altar and installed by
the worthy master.
After the program, which
consisted of songs, readings
and some good New Year's
resolutions by the members,
it was decided, under the
good of the order, to have a
seating drill. All officers are
urged to be present Thursday,
Jan. 16, at 8 p.m. for practice.
The HEC reported that
their next meeting would be
held at the home of Mrs. Ru
della Mikleby Thursday, Jan.
9, at 1 p m. Each member is
asked to bring her own table
service.
The rfext Grange meeting
will be Thursday, Feb. 6, at
8 p.m. After the business
meeting games will be played
and each member is asked to
bring at least one article for
a prize. High scorer for the
evening will receive a cherry
pie. s
BASE EXTENDED
London (IP) Britain's Air
Ministry has granted the U.S.
Air Force permission to ex
tend one of its Strategic Air
Command bases despite pro
tests from lo I authorities.
The Air Ministry announced
Friday that work on lengthen
ing the main runway at Brize
Norton Air Bace would begin
shortly. It said the extension
was needed "for the safety of
modern aircraft using the air
fields." Use Tribune Want Ads
- By Jimmy Hatlo
B9HB
The CLUB HAS 6EEM 6QtibA VE4I?
HOW Am THE 64LS K4VEM'T SEEM
THE INSIDE OF MYM4HS FLAT VET
MISS STEP
Sestri Levante, Italy (IP)
Schoolteacher Egle Abrami of
Turin stepped off the back of
an express train in a dark
tunnel Sunday while looking
for the dining car. Miss
Abrami, 32, picked herself up
and hitched a ride from a
passing automobile to tne
nearest hospital. She suffered
only minor injuries.
To Provide New
Convenience
in 1958!
Already, hundreds of First National cus
tomers have signed up for the "Firstomatic"
Bank Savings Plan, authorizing the bank to
deduct sums from their "operating funds"
(checking accounts) and deposit them to
savings.
This plan, which also may be used for the
purchase of 3 interest, 3-year maturity Sav
ings Certificates, is a great convenience for
those who desire a regular, automatic savings
program. Budgeting for savings, just as you
budget for other needs, is sound family fi
nancing. You will find that Firstomatic makes
savings budgeting easier than ever.
You are invited to ask at any First National
Bank Branch for more particulars about
"Firstomatic Bank Savings" or the new 3
interest Savings Certificate. Through these
new bank services, you can easily and con
veniently help yourself to security while you
help "Build Oregon Together."
The Family Council
Editor's note: The Family Council consists of a judge, a psychiatrist,
three clergymen, a newspaper editor, a women's editor and two writers.
Each article Is a summary of an actual report. The Family Council does
not give advice; it merely reports on problems that have been dealt
with by responsible agencies and counselors.
Harry F. My wife is a per
fectionist. Mary F. I .have a cham
pagne taste.
Harry F. I have the most
wonderful wife in the world
in some ways but she sure
makes things rough on oth
ers. .
I guess you'll call her a per
fectionist. Everything about
us and our way of living has
to be just right. She has spent
much more money than we
can afford in setting up a
beautiful home. I think our
home is beautiful and other
people seem to think so too,
but she isn't satisfied. She
worries constantly because
she thinks certain things
aren't just the way she wants
them.
She's that way about cloth
ing too. She fusses about her
clothes and mine and then
will send things back to the
stores because they don't
meet her standards. We are
going to have a baby in a
few months and I am begin
ning to be afraid that the
child won't meet her stand
ards. Mary F. I have been told
that I have a champagne
jTT K.ATHMAL BALM EX
Tuesday, January 7, 1 958
taste and a beer pocketbook,
but I can't help it. If you
love quality and beautiful
things, you can't settle for
the second-rate.
It's not that I want real
luxuries. I think I am being
very reasonable when all I
ask is that we make the most
of the money we do have. This
is often very dificult. It is so
easy to make little mistakes
that spoil everything. It's
true that such mistakes drive
me to nervous prostration,
but what can you do if you
really care very much?
Harry things he's very
funny about our coming baby,
but he doesn't realize that I
have read nearly every book
available on child care and
there isn't a chance in the
world that our baby won't
meet my standards. I hope to
do a better job as a mother
than I have as a homemaker.
,
The Council: We, too, hope
that Mary will do a better
job as a mother than as a
homemaker. We think that
her standards are not high
enough. She is all too willing
to settle for the second-rate,
and worse.
Most women want to have
a lovely home, but if their
MEDFORD (OREGON) MAIL TRIBUNE ELEVEH
standards are truly high, they
see that home has a back
ground for a life of love and
peace. When the background
interferes with this main func
tion of the home, it is all
wrong.
Mary's "champagne taste"
appears to be on a rather
low, materialistic level. She
should try to cultivate a
taste for the really fine things
in life, the spiritual and emo
tional values that can be
achieved even with a "beer
pocketbook."
In her present state of
"nervous prostration" she is
cheating herself and her hus
band of the better things. She
is a modern "Craig's Wife"
who throws away valuable
love and energy for insensi
tive objects.
Mary's "perfectionism" will
destroy her child if she does
not come to terms with her
self very quickly. This un
born baby has not read the
NORFIELD'S
January Clearance
FRIDAY
See Thursday Paper
THE FIRST NATIONAL BANK OF
StalmioBt of Condi H oo
DECEMBER 31, 1957
RESOURCES
Cosh and Doe From Banks .5,
United States Government Obligations, Direct
and Folly Guaranteed
Obligations of United States Government
Agencies , ,,,,,
State,County and Municipal Bonds and Warrants
Other Bonds
Stock in Federal Reserve Bank. , s , , s , ,
Loans and Discounts ii .m .
Of this total $79,960,874.21 b wholly guaranteed or
Insured by th United States Government or its agencies
Interest Doe on Bonds and Loans and Accounts
Receivable
Customers' Liability for Letters of Credit and
Acceptances
Bank Premises, Furniture and Fixtures and Safe
Deposit Vaults i(
Other Real Estate Owned. 5 , ,
Other Resoorces ..!!,,
TOTAL RESOURCES
LIABILITIES
rvrwvcitJ Demand : . . $468,304,648.64
I Savings and Time 320,264,362.45
Liability for Acceptances and Letters of Credit
Unearned Interest on Discounted Loans
Accrued Interest, Taxes and Expenses and Divi
dends Payable 4 , , ,
Other Liabilities. ...ii ISi ,
Reserve for Possible Loan Losses ; v , ,
This reserve a to apply against any loan losses that may
develop bi the future; It has not been allocated to any
particular loan or type of loans.
Capital...; s,S!is iiiit $ 20,000,000.00
Sorplos..iii.j5:i.-s,55, 30,000,000.00
Undivided Profits. 1 8,577,062.86
Total Capital Funds.... ..,(,,
TOTAL LIABILITIES & CAPITAL FUNDS
OF PORTLAND
niT'f IUUD OIEGON TOGETHEr
Mbr Federal Deposit Iniarance Cerperetien
COLD JUSTICE
Sullivan, Ind. (IP) Judge
Joseph Lowdermilk threaten
ed today to cite the Sullivan
county commissioners for con
tempt of court unless they
warm up his court room. The
temperature has been so low
in court that Lowdermilk has
had to wear an overcoat while
on the bench.
WHO EATS THE 6-10THS
Chicago, 111. OPi Tee-Pak,
Inc., a firm that makes skins
for skinless frankfurters, pre
dicted today that the average
consumption of franks in the
United States in 1958 will be
64.4 hot dogs per person.
books on child care with his
mother and may not respond
exactly as he is supposed to.
Harry has good reasons to be
concerned.
(COPYRIGHT 1957, GEN
ERAL FEATURES CORP.)
PORTLAND
$ 157,534,517.89
202,831,269.71
26,542,804.13
78,135,475.05
700,000.00
1,500,000.00
C88,459,985.23
3,685,763.03
510,488.68
12,660,140.20
10.00
447,357.26
$873,007,811.18
$788,569,011.09
510,488.68
4,709,498.28
4,720,962.27
752,635.58
5,168,152.42
68,577,062.86
$873,007,81 1.18