Theyll Do It Every Time
. By Jimmy Hatlo
VASS!E3 NEXT
month ? uxELyr
WELL. I JUST
HOPE VOU'LL 8
CCSO AO 1
H2 SAYS thATS A WEN 4
ON HIS rJOS CONS
Since vven ? s;mce she
LAUNCHED WM WITH
A B??. BOTTLE
w . . .-ws W
AK5 f-OR C03A t CLA55 3JM. IF HEi
I AND ME ? IM CNLV MET C033A
I SORRy I ODNT I HE COULOA DEFENDED L LAUNCHED MM WITH r?i
MEET SOONER V HIMSELF SETTER. Ii A BEER. SOTTLE-14 'J
V ic rr u;aut cvo r . . . . ' i . , 1
rT Vs: My tA l "SirtwiSM )
mM " tt. If Wfl- rTKi rw t yf
LooKiKkS TWICE T&
SEE WHO IT IS COM
ING OUT IN FAVOR
OF WEDDED BLISS.
-fimnt AHOAHATUJ - V,
A'.3j3l'E3L, .r'
Inflation Hitting Big Business
As Well As Small Pocketbooks
Zy ELMER C. WALZER
UPI Financial Editor
New York H'PD Inflation
li hitting big business as well
as the pocketbooks of the
little people throughout the
nation.
According to Charles R.
S 1 i g h, Jr., executive vice-
president of the National As
sociation of Manufacturers
American business is haunted
by ghost profits. And . these
hinge on inflation.
unost proms, blign says,
are proifts which show on the
books and are taxed by the
government, but which can't
be put to the uses normal
for profits.
He cites the story of what
Thompson Products company
of Cleveland calls its "mil
lion-dollar lathe."
Thompson bought a lathe in
1942 at $12,000 and depreci
ated It over a period of 14
years. By 1956 it bad laid
aside $12,000 of depreciation
for a replacement. The old
lathe was sold for $1,000 so
the firm had $13,000 for the
replacement.
Haarr Sales Needed
But inflation between 1942
and 1956 raised the price of
- the same model from $12,000
to $35,000, and Thompson
needed an aven more expen
sive one a lathe costing
$67,000
That $67,000 job meant the
firm had to raise $54,000
above the $13,000 it had to re
place the old lathe. To do
this, Sligh explains, Thomp
son had to earn ; a profit of
$112,000 before taxes. This
represents the profit on sales
of $1,250,000 hence the
term "million-dollar lathe."
Here then were two things
working to boost the price of
the lathe-inflation for one,
and technological progress
which involved a more expen
sive lathe in-the replacement
for the other.
Sligh further points out
the high cost of business ex
pansion and the financing of
new jobs.
"The cost of providing the
facilities to create one new
job now averages more than
$17,000," he says.
"Corporate profits now are
running at around 15 billion
dollars a year for all com
panies.. To finance one mil
lion new jobs) would require
investment of more than the
total corporate profits for an
entire year."
Industry, he holds, cannot
solve the problem by cutting
dividends because that would
make new financing difficult
as well as create hardship for
stockholders.
Beyond Industry's Control
i "The ideal answers to these
difficulties," he says, "lie be
yond industry's control. Ghost
profits will continue while in
flation continues.
"Inflation will continue so
long as federal spending and
fiscal policies force inflation
Inflation also will con
tinue so long as federal law
permits unions to exercise
monopoly power and hoist
wages regularly beyond pro
ductivity gains.
"Profits will not cover ne
cessary expansion for the
growing population until
Ilk ' J
J T t -r "t, -V
urn
lumKV-3v;l in
DR. ARTHUR S. ANDERSON
Takes over Camp White duties
Assumes Duties
At Domiciliary
Dr. Arthur S. Anderson,
new chief medical officer for
the Camp White domiciliary,
arrived Monday to assume
his new duties, according to
Acting Manager Banks I.
Paul.
Dr. Anderson replaces Dr.
Wallace Pianka who recently
was transferred to Fargo, N.D.
as director of professional ser
vices at the Veterans Admin
istration center there. He was
clinical director, Idaho State
hospital at Orofine, Idaho be
fore coming to Camp White.
Previous to that he was chief
of physical medicine and re
habilitation at the Veterans
Administration hospital i n
Roseburg from 1947 to 1957.
Dr. Anderson is a graduate
of the University of Kansas
medical school, Lawrence,
Kan. After graduation in
1931, he served as director of
the Indian Service hospital
at Lawrence, Kan., until 1933.
During World War II he
served with 'General Still
well's Y force in. the China-Burma-India
area.
' Laws of 16 of the states,
from New Hampshire and
New Jersey in the east, to
Idaho and Washington in the
west, have laws which pro
hibit segregation in their
schools.
1?
P
Aurora Borealis
PENDETTE 7
By Coro
rilliaat Irridtscta
Scintillotiag Peadatt
Wr thli h.jrt of ic
p tng nrv on its sivnavr
I X elii loa or glittering
jft amidst your fall jtwclt.
CHARGE IT
3F
they are raised considerably,
or until they are taxed less
heavily.
"Any attempt to raise the
margin of profit by raising
prices would bring on storms
of public protest. But no con
certed attempt could be made
anyhow in a competitive
economy. Nor would anti
trust laws permit."
He holds that greatly in
creased volume of business,
then, must come from expan
sion of industry and that re
quires investment before
those profits can be made.
Business, he noted, has
tended to rely more and more
on borrowed money to fi
nance necessary expansion.
He finds U.S. corporations
raising three-fourths of their
new capital by debt financing
bonds and only one-fourth
by new stock issues. He favors
stock flotations which spread
ownership of indutry more
widely among the American
people.
Personal Income
Rises to New High
Washington (LTD The gov
ernment says Americans' per
sonal income rose to an all
time : high last month, but
part of the increase ironically
came from jobless pay benefits.
-An official report Wednes
day said personal income last
month was running at a sea
sonally adjusted annual rate
ol $358,900,000,000.
The former record was
$352,100,000,000 in August of
last year.
Included in the latest rise
were jobless benefits which
mounted as 20 states granted
temporary extensions of pay
ments to the long-term un
employed. Wages and salaries, a key
economic indicator, advanced
for the third straight month
but still fell short of pre-re-cession
marks.
Conventional safety pins
can now be manufactured at
a rate of about 90 per minute
in a single machine.
ILLINOIS VALLEY
Employees Attend Picnic
By RUTH RAUSCH
Cave Junction The an
nual picnic for the personnel
of the Illinois Valley farms
was held last week on the
spacious lawns of the George
P. Martin Jr., home. The
hosts furnished the ice cream
and drinks for the pot luck
affair.
Those attending include the
Harold, George and Bob Mar
tin families, the Marvin Cross
family, the Dean Mayfield and
Ed DeMersseman families
with the Rev. and Mrs. Gene
Dennjng and family as spe
cial guests. Other guests in-
Arizona Seeks
Million Acre Feet
In New Pleading
San Francisco (UP! North
cutt Ely, chief attorney for
California in the Colorado
river water suit, accused Ari
zona today of taking "dead
aim" at states of the upper
basin.
Ely made this charge out
of court after Arizona chang
ed its pleading in the six-year-old
suit to claim in effect an
extra one million acre feet
of water a year out of the
Colorado's flow.
The change in plea came
on the eve of California's re
buttal case, scheduled to open
this morning before Special
Master Sion H. Rifkind. He is
hearing the suit for the U.SV.
Supreme Court.
"These amendments would
rewrite the Colorado River
Compact by excluding tribu
tary streams in the lower
basin." Ely said. "This is a
revision which the Arizona
legislature proposed 35 years
ago, but which the other
states of the basin refused to
accept."
Upoer Basin Responsibility
Mark Wilmer, an Arizona
attorney agreed the new
pleadings would theoretically
m,ake the upper basin respon
sible for providing Arizona
with the extra water.
Charles Reed, chief Arizona
counsel, replied to Ely's re
marks by saying: "Mr. Ely's
concern over the upoer basin
is a little difficult for me to
appreciate."
When Arizona originally
filed the suit before the Su
preme Court in 1952, it -sought
clear title to 2.800,000 acre
feet from the Colorado's main
stream and roughly another
million acre feet from the
Gila river. That river flows
through Arizona?
If granted, that claim would
have cut California's use of
the Colorado from 5,362,000
acre feet a year to 4,400,000
acre feet.
But Arizona insisted Wed
nesday it was entitled to its
base allotment of 2.800.000
acre feet: another million feet
out of the main stream; and
nearly all the flow of the Gila.
This would amount to rough
ly 4,800,000 acre feet.
Says Gila Not Included
Arizona claimed that the
Gila river was never includ
ed in the Colorado River Com
pact of 1922. Under that com
pact, the states sharing in
eluded Marie Adams and
Harold Martin's guest, Jim
my McMillan,, of Jerome
Prairie, Martin Lee Lewis,
guest f the Mayfields and
Mrs. Robert Russell of Lake
Arrowhead, mother of Mrs.
Denning.
Orville and Charlotte Loop
er were in the valley over the
week end from their new
home in Redding, Calif., to
visit with friends and family
and left young Roger for a
two week's visit.
Mrs. Guy Dick's sister and
brother-in-law, Mr. and Mrs!
Floyd White will be house
guests of the Guy Dicks for a
fortnight. .
The Cave Junction Commu
nity church missionary so
ciety will hold their annual
picnic on Wednesday, Aug. 20.
The Glen Davis family, left
recently for a month's vaca
tion through Yellowstone
park and South Dakota.
In the announcement of the
wedding of Miss Donna Lou
ise Gray of San Francisco,
granddaughter of Mr. and
Mrs. David Looper, the
groom's name was erroneous
ly given as Thomas H. Hoov
er. The correct name is Thom
as Shaw of San Francisco.
Carolyn DeMersseman was
a guest of the Carl Weitings
at the state line Tuesday.
A bridal shower for Miss
Ronine Rausch is to be held
at the Immanuel Methodist
church in Cave Junction Aug
ust 20.
Hostesses for the affair are
Mesdames Gilbert Clayton,
Walt Hunting, A. N. Collman,
Raymond Heidenreich, Misses
Jackie Williams, Carolyn De
Mersseman, Judy Collman and
Milicent Wray.
At the Vernon Larson home
this past week were Mr. and
Mrs. Ray Amundson and two
daughters from Longview,
Wash., Mr. and Mrs. Perry
Sunderland, sister of Mrs.
Larson, from Coquille; and
Mr. and Mrs. Donald Allison
and son of Klamath Falls.
Mrs. Allison is a niece of Mrs.
Larson.
Mr. and Mrs. Vernon Lar
son were in Eugene for a day
last week reviewing prospec
tive applicants to fill the va
cancy on the Illinois Valley
High school teaching staff,
resulting from the resignation
of Don Brown.
mm
1- . ifel
t .
JKmtfjfl 1 Id
5 7
MAIL TRIBUNE, MedrorJ, Ore., Thursday, August 14, 195S t
The vast swampy plain
known as the tundra, border
ing on the Arctic ocean, has
been called an Arctic deser.
More than 60 per cent of
Egypt's land owners derive
their entire living from one
or less acres of land.
THIRSTY
Church membership in the
United States is reported to
be growing twice as fast as
the growing population, and
60 per cent of all U. S. adults
are no wmembers of a church
Colorado river water appor
tioned the flow to upper and
lower basin states.
Special Master Rifkind will
hear arguments on Arizona's
move to amend its pleading
at a later date.
If Rifkind rejects the plea,
Arizona may take the matter
to the Supreme Court for a
ruling.
In other actions Wednes
day, the.U.S. government and
New Mexico rested their re
buttal cases. California's re
buttal was expected to take
10 to 12 trial days.
Rifkind hopes to wind up
the trial by Labor Day.
For Your Old Watch, Any tht )
Agt, Make or Condition MjJ' Jl
WHEN YOU PURCHASE A NEW HfS g
Pi: ' REG. WfT )
IBw AATrn ri s-x i hrav ill- 5a- -I L'B V 11
i jir,cN nu rKuu wpr &iW)
i only M 2yHD Y0U" JiP-n
5 . iMm c pay only .sJmSqs F;3r krMi
.vbau i m m .bv a be trr aw if ii m am m n x cv iy zi at
""malum - mr
m i at aaiBaMaajBBaBjVjfcafc. .BDShBDDa. avavjtasajk jaaj skiaH m ava a- ft s I a. rTncrr
TRIUMPHANT ARRIVAL Enthusiastic crowds wave
from edge of pier as the nuclear submarine USS Nautilus
docks in Portland, England, at the etfd of her trail-blazing
voyage under the Arctic ice-box and the North Pole
Every ship in this channel harbor screamed a welcome
with sirens, fog-horns, and whistles.
EATHER
AHEAD!
stock up
on Coke!
es M A MaWms) ttMi
SIGN OF GOOD TASTE.
. Bottled under authority of The Coco-Colo Company by
COCA-COLA BOTTLING CO. of MEDFORD
izz: d j r jr
' . i .
fefP
WWiW ' (cleans 9 x 12 rug) -
SV when ., k '
w a 1 fit
YOU SAVt TWO WAYS! First, you save costly
cleaning bills when you clean your own rug.
(So easy now, with Mystic Foam) . . .
AND FOR A LIMITED TIME you save an extra
$1.19! Just buy a can of amazing new Instant
Mystic Foam now, and ,well give you a giant
full size quart can of Mystic Foam absolutely
FREE as a bonus!
For Your Rugs-MYSTIC FOAM makes rugs
sparkle like nothing you've ever used, before!
And it's so quick and easy! Mystic Foam is a
shampoo 'foam ' like professional cleaners .use. '
Millions of tiny, active shampoo bubbles lift dirt,
grease, stains right out One generous quart does
an entire 9 x 12 rug. Safe for all fabrics. Gentle,
odorless, non-flammable, safe. Won't soak thru.
Dries quickly. Won't leave a ring. It's truly
amazing.
For Your VphoUfry-INSTANT MYSTIC
FOAM is the same famous Mystic Foam form
ula, in a handy pressure can. Just press the
button and presto, area's covered with sparkling
foam ready to go to work. Rub with sponge or
cloth till foam's gone soiTs gone too! Removes
hair oil and perspiration stains, spilled food,
grease. Brings out the beauty of the fabric in the
wink of an eye. Always have a can handy for
"emergencies", too.
HURRY! Buy a can of Instant Mystic Foam now
at regular price . get a giant $1.19 quart can
of Mystic Foam FREE. But you must act now
while offer lasts clip coupon today!
You tan do all these jobs
end many more!
upholstered furniture
rugs, draperies, tapestries
hats end hat bands
gloves, coat collars
children's play suits
fuzzy toys
auto tops, auto upholstery
seat covers
Venetian blind tapes
plastic materials
needlepoint
(other end canvas
AU-FABRIC ii
" 1 ITHIS COUPON WORTH $1.19 VZ "Ki
This CMlMn im4 for Ow Ouart Cm f MylHt turn FME lot ntular
retail aria f $1.1) wtMK yMl purckaM Oi Cam at Instsn Mytk fam
mt regular pric.
RETAILER: We-U py your resular pric of each quart can of Myatie
Foam given an adult cuttomer who hat purchated a can of Instant
Mystic Foam at regular price, and ba signed this coupon before
expiration date shown below. Invoices proving Mystic Foam purchases
to cover coupons presented must be shown upon request and failure to
do so may. at our option, void all coupons submitted for redemption
for which no proof of products purchased ia shown. Coupons will be
picked up by. our broker.
M. J. Edwards Co- 2339 S.E. Grand Ave. Portland 14, Or
or, you may mail couon. to the broker for redemption.
This certifies I have purchased one can of Instant Mystic Foara and
have received one quart eaa of Mystic Foam FIUCE. Offer expire
SeDtember 30. 1958.
(veid unlet signed)
Addreiv.
. V'' LIMIT ONat TO A FAMILY '
iis sjt sjaj sjaj oaf) tjTa () OBtB tw taS ta fa eW eV Oat OBI W OSJ OH B ffsj aaaj eM (SI af OB taS a eaB fl
122 EAST MAIN STREET PHONE SP 3-5348
Store Hours: 9:30 a.m. to 5:30 p.m. Mondays till 9 p.m.
gSI yy "1 'm" p,m
Mondays till 9 p.m.