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."
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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
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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.
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