Image provided by: University of Oregon Libraries; Eugene, OR
About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Feb. 7, 1958)
1 FOURTEEN MEDFORD (OREGON) MAIL TRIBUNE Friday. February 7, 1951 1 Oregon First National Bank Not Participating in SBA Loans By A. ROBERT SMITH Mail Tribune Cerreipondent Washington The Small Business Administration ha advised Congressman Charles O. Porter that the First Na tional Bank of Oregon is not participat ing in SBA's loan program Si to small bus! ' nessmen. The U. S National Bank a. ftobt. snut ana tne state s smaller independent banks have not followed this same policy, however, and have co operated with SBA in making small business loans, accord ins to Wendell B. Barnes, SBA administrator. Barnes reported that Ore gon banks had participated with SBA in 30. 6 per cent of all loans arranged through the agency for the state's small business applicants from 1953 through Sept. 30, 1957 Bv comparison, banks in Washington state participated in 57.2 per cent of loans in that state. Nationally, banks participated in 69.3 per cent of SBA loans, Barnes report ed. Porter looked into the mat ter after receiving complaints from "a number of small busi ness men" who charged that "banks in Oregon are not do ing their part and they point to states which do show that Oregon banks participate far less than do banks in Wash ington or in the national on the whole, as an average." Specific Statements AToided "Main office loan officer of the First National Bank have avoided specific statements but a number of branch man agers have stated orally or in letters that the bank does not participate as a matter of policy." ' Barnes reported that the U.S. National Bank is "par ticipating" in. several loans and others are being dis cussed. "There are Indications that some bank officers are in clined to feel that their banks are taking care of the legiti mate needs of their custom ers," the SBA head went on. "This feeling is not shared, of course, by the businessmen :who have been refused assist ance by their banks and have some to the Small Business Administration for help. In many cases, we must also de cline to make a loan for the same reasons that the bank has given." C. B. Stephenson, president of the First National Bank of Portland, when asked by Por ter for an explanation of the Bank's attitude, replied: "I feel that the percentage of bank participation in SBA loans is not necessarily mean ingful. It-could well be and I think it is quite likely that many loans are made by banks in Oregon with their own funds that in other states are shared on a participating basis with the SBA. That is a reflection of policy. If the risk involved is such that we can accommodate the appli cant, we prefer to handle the credit without participation with the SBA. Our legal lending limit of $5,000,000 en ables us to do that in many cases, while in oher states some of the 'banks either lack the lending capacity or want someone else to share the risk involved." SBA compiled figures for the period 1953 through Oct. 31, 1957, which showed that 112 loans were made to Ore gon applicant through SBA 76 direct government loans, 36 with some local bank par ticipation. The total amount of the direct .government loans was $4,494,500. Of the loans in which banks partici pated with SBA, the govern ment put up $1,350,913 and local banks put up $416,837 Barnes said it is SBA's "de sire to encourage maximum bank participation in every case in order to establish sound credit relationship be tween the bank and the bor rower as well as to make our loan funds available to a many small businesses as pos sible." "It is possible," the SBA went on, "that the low rate of participation in our loans in Oregon and Washington is be cause of the generally higher nrevailing rate of interest charged on business loans in the Northwestern part of the United States. A bank might prefer to make the entire loan at a prevailing rate of seven or eight per cent, for exam pie, rather than to participate with the SBA at our maxi mum rate of six per cent." The Family Council Editor'! note: Th Family Council consists of a judge, a psychiatrist. tnree clergymen, a newspaper editor, a women s editor ana 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. Mary J. It's high time Evelyn started jdating. Michael J. Why hurry things? Mary J. My husband and I are having quite a contro versy over our 15-year-old daughter, . Evelyn. I think it is high time she started to date, but my husband seems to want to keep her a little girl always. Evelyn is the shy, retiring type and has shown no in terest in boys yet. When I told my husband we should try to arrange some dates lor her with the sons of a few of our friends, he nearly hit the roof. Mike seems to be afraid of facing teenage problems with Evelyn, but I say she has to get some social experience and the sooner, the better. If you let things slide with some of these shy youngsters, they never get around to getting married. Michael J. Mary has a pho bia about having an old maid in the family because two of her sisters never got married. But I think this is being ri diculous. Evelyn is a pretty, charming girl and boys would The' Holly wood Scene Bu- Hollywood flfl When tal ented Carolyn Jones turned away dramatic parts to be come Army-bound Elvis Pres ley's latest leading lady the act was typical of a gal whose brain functions with the dis patch of weli-oiled cash reg ister. But it wasn't just money that led the pert brunette to Join the cast of "King Creole" now being filmed by Para mount and Hal Wallis. "The part is brilliant," she explained, "and I get to sing. Besides, think of the audience the Presley picture will draw. It's Elvis last movie before the Army and that doesn't hurt." Portrayal Sizzling Miss Jones' recent part, the . role of an existentialist in "The Bachelor,1' also did her little injury. Although she was on celluloid a mere eight min utes in sizzling portrayal of a nymphomaniac, the 24-year- old player may pull down an Oscar as best supporting ac tress for 1957. Critics who raised an eye- HAZEL JOHNSON ted Press Writer brow when Miss Jones signed to do "'Creole" after her "ar tistic" role in "Bachelor" typi fy what the young actress calls the "sour grapes attitude." "I ran into a lot of it in New York when we were film ing 'Bachelor," " she said. "I worked so hard it's all like a blur to me now. And then I'd meet a New York actor, generally out of work,' who'd flinch and say, 'Oh, you do those terrible movie pictures.' Altitude Found Her "But this attitude isn't con fined to New York," she con tinued. "You can find it right here. Just mention you've signed to play opposite Pres ley. It irritates me. It's so veddy, veddy chic and I hate that word, its synonyomous with phony to degrade Hol lywood and the movie indus try. "Most of the -time you'll find the loudest critics are out of work," she said. "It's so un chic to earn a living. Those who are employed have a wonderful, healthy respect for Hollywood." lAOSt ttooi Linoleum & Window Shades go ing at Rock Bottom Prices . . . BUY NOW and SAVE! W must clear to make room! NEW STOCK!' INLAID LINOLEUM (No Seconds in Stock) Window Shades (All Sizes) Reduced to Clear! Also 9 Tile and Drainboards FREE ESTIMATES Phone KE 5-2272 or KE 5-2963 OPEN All Day SATURDAY Week Days After 5 P.M. DON'S FLOOR COVERING (Formerly Lay-Rite Linoleum) 109 No. Main Phoenix, Ore. Phone KE 5-2272 discover her eventually even if we tried to hide her, so why hurry things? I am much more worried about the harmful results of early dating than I am about Evelyn's becoming an old maid. You see kids of her age racing around in cars with young toughs and getting into all kinds of trouble. Maybe I am afraid of trou ble, as my wife suggests, but I can't see the sense of plung ing into all these worries be fore we have to. Let things take their natural course. The Council Both Mary and Michael seem to be doing a lot of unnecessary worrying. Michael appears to think that dating necessarily entails worry about his daughter's "racing around in cars with young toughs." That isn't so. If Evelyn is a normal, happy, well-brought-up girl, she will look for friends of her own kind. Both she and her date will respect their parents' standards for good behavior. Problems will undoubtedly arise", but usually they won't be of such serious nature. On the other hand, Mary's worry about having an old maid daughter if she lets "things slide" is very much premature. Children develop unevenly and many have lit tle interest in dating until the later teens. Most authorities believe that pushing girls or boys into dating before they are ready can have very harmful effects. The children who show no in terest are simply not ready for this experience. If they are forced, they are miser able and they tend to retreat from the opposite- sex en tirely. Actually, there are many social forces at work which tend to push teen agers into dating. They want to do what others of their age are doing. Movies, books, songs, TV plays, all eulogize romance. The exciting, grown-up world is filled with romance and marriage. Any normal child looks for ward to enjoying this adven ture. When he feels ready for it, he begins to express this interest in terms of dating. If this interest comes late, he may be a little behind the others in social experience but eventually he will catch up. (Copyright 1958, General Features Corp.) Council of Blind To Meet Sunday The Jackson county Council of the Blind will meet at 2 p.m. Sunday in the St. Mark's church guild hall, Fifth st. and Oakdale ave. Refresh ments will be served following the business meeting. The Council of the Blind is a group of blind and visual ly handicapped persons organ ized to advance the economic and social status of all blind persons. The Jackson county group is affiliated with the Oregon Council of the Blind, which is affiliated with the national organziation. John Ragsdale of Eagle Point is president of the Jack son Council of the Blind. Safely Engineer Talks to Club on Defensive Driving A "defensive" driver is careful to commit no driving errors himself and makes al lowances for the lack of skill and attitude on the part of other motorists, Leonard B. McKellar, a safety engineer for Pacific Telephone and Telegraph comanpy, pointed out to Medford Kiwanians Wednesday at their luncheon session at Rogue Valley Coun try club. x Discussing further attrib utes of defensive driving as means of preventing colli sions and other auto mishaps, McKellar said that a motorist practicing the requisites of such operation is careful of road hazards, is continually on the alert, recognizes accident causing situations in advance, and always concedes the right- of-way. Courtesy Contageous The speaker advised prac tice of the "Three Cs." concen tration, control and courtesy. He brought out that "courtesy is contagious." McKellar listed a number of factors which must be con sidered for safe driving. These included condition of health and emotions, checking of ve hicle condition, making stops smoothly and casually and considering backing as a seri ous business. The safety engineer warned that autos should never be driven too fast or two slow for conditions of the road. A mo torist should make up his mind in advance about turn ing, McKellar declared, stress ing that turns should be made properly from the correct lanes. Obedience to traffic signs and signals was listed as another factor in defensive driving. Amateurs Should Talk Launchings Washington "Amateur rocketry" is becoming a new hazard to air travel, and the Civil Aeronautics Administra tion has warned that all pro posed launchings should be discussed with its safety in spectors. Over the country, enthu siastic young amateur scien tists are proposing to launch rockets. Some of these- blow up and endanger the oper ators, and some never get high enough to be dangerous. If, however, they are launch ed anywhere along the air ways, or in the vicinity of airports, they are the proper concern of the CAA, charged with safety in flying. Recognizing the possible hazards involved, James T. Pyle, Administrator of Civil Aeronautics, U. S. Depart ment of Commerce, has warn ed that all proposed launch ings should be discussed in ad vance with CAA inspectors as well as local police and fire department officials. Still more important to the rocket launcher, the CAA points out, is his legal liabil ity if a plane is struck by his rocket. He could be sued for damaging or even endan gering a plane in flight, CAA officials believe. UNEXPECTED DISCOVERY Indianapolis, Ind. (IP) Frank Cly can take a joke as well as the next guy, but some prankster's gone too far. Cly Thursday found four and a half tons of sand, 200 concrete blocks, 50 bags of cement, a box with a dozen roses and a note from a tele vision repairman outside his house. TWO SUSPECTS Atlanta, Ga. (IP) Detec tives suspect that two persons were involved in the looting of Charles Rinzler's home. On the missing list were two bottles of whiskey and two apples. The - surface of the moon contains an estimated 14,657,- 000 square miles. FIRE CAUSE LOCATED Indianapolis, Ind. (IPi A fire at the .downtown offices of the I ndianapolis Power and Light Co. Thursday was blamed on faulty wiring. The year's biggest Valentine value 1 MEDFORD PHARMACY, INC. 101 No. Central Corner of 6th Phone SP 2-6253. Open 8:30 to 10:30; Sundays 10:00 to 9:30 Warm Springs Tribe Gets Check Portland 0PI Portland General Electric company said today it has mailed a check for 57,358.30 to the Confed erated Tribes of the Warm Springs Indian Reservation to cover payment for the first full month of operation of Pel ton hydroelectric project which is built partly on tribal lands. The payment, under terms of a contract with the Tribes, includes four cents per kilo watt of installed capacity and one-tenth of a mill per kilo watt hour generated. , KEEPING COMPANY Belmont, N. C. (IP) A black cat was released from the local jail today. The cat's owner, Patsy Chandler, had insisted the animal stay with her while she was jailed on a traffic charge. Peru now has 12 soap factories. i I I I i our-pmc t J I A il Beg. $1.65 Reg. $1.50 Reg. $1.35 Reg. $1.15 dmeo 20 O F F STOCKING SALE SEAMLESS AND FUll-FASHIONED FEBRUARY 6-15, 1958 Wonderful sovingi on wonderful stocking . . . 'oB In famous exdvniva features of Bur-Mil Cameo . . . yous at special Once-a-Yeor low prices. Look! Sale $1.32. 3 Pr. $3.85 Sole $1.20. 3 Pr. $3.50 Sale $1.08. 3 Pr. $3.15 Sole $ .92. 3 Pr. $2.65 MEDFORD k MAIN FLOOR W MEDFORD r"St VALENTINE'S FEBRUARY VNJ DAY I 14th fl that, P mderella touch i ...whitecap waves jfui on navy ? WV 0V Q) As seen i VOGU V f . ;. irtrir4f 1 iJM The chemise line V I ltr2 in Oreat coat for 1 t I4rljff Spring. A straight f ; I flow of luxurioui f I Xk " I W001' Punctuated I im'&B wit horizontal tab W.i , V. U 'TW Of at the, center back. ' x Jm?. 4rl S'""" Smart push-up : tfe fl fr sleeves, a wonderfully 8.98 -- 7.98 " w , A 85.00 u big Ister Young fashion takes a gay new swing into spring ! It's Cinderella's wide-whirl drest in a girl's favorite colors. Spring nay so gaily trimmed with a red bow-belt, and bright white waves. Cool enough to sail right thru summer, too! In fine cotton that dives into suds. Sizes 3 to 6x, and 7 to 12. The All-Important Coat for Spring R (THMOOR terrific, ORLON SWEATERS Full fashioned Hi-Bulk Organ Cardigans. Mint, .apri cot, pink and white. Sizes 36-40." 5.98 A Real VALUE! Fine Nylon Slips by Rogers LACE AND NET TRIM WHITE ONLY SIZES 32 - 33 5.93 Valu 3.98 I Wish To Open a Charge Accounti Name ' talked-about CONTINENTAL WHIRLER, proportioned for perfect fit!' t. . in washable, wrinkle-resistant TRENTINO, that handsome texture-weave 7 of Rayon 'n Dacron ' Hi Jt f M m ! it v Address. City . State. j Phone No.. Here's the fabulous and flattering Con tinental Whirler, a trim, willowy skirt Deft touch below the knee: 8 kick- pleats, all around... Proportioned to fit like that proverbial glove.-. . The fab ric? It's TRENTINO, woven especially for Sporteens. Sheds creases, .machine washable, drips dry, packs and travels perfectly . . . Sand, black or navy. Tell V Medium Small 5'6"to5'll" (sizes 12-20) 5'2"to5'6" 4'll"ro5'2" (sizes 10-20) (sizes 10-16) 5.98 M n
