Image provided by: University of Oregon Libraries; Eugene, OR
About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Aug. 20, 1958)
TheyH Do It Every WENT TO RB4T EXPENSE TO MAKE THE. SUMMER COTTAGE NOW SJNCE THE SCREENS 4RE IN, THEY SPEND ALU. THEIR TIME OUTSIDE IN BUG , TERRITORY THANH AMD 4 TIP OP THE H47UJH4T TO WALTER JACKSON, WEeTMorfr. C Kirt ra!im SyMiou. Inc. World Ultra Quebec iCm. Novice Would Wince Of Evaluating Firm, Walzer Says BY ELMER C. WALZER UPI Financial Edilor New York (CPD Those who think it's a cinch to place a value on a stock ought to read a brochure on the "Valu ation l Going Companies for Purchase or Merger," by the engineering firm of Ford, Ba con and Davis. The novice would wince at the process of evaluating a corporation. Engineers care fully take all things into con sideration even good will Quotes From the News By Uniiod Press International Washington Rear Adm. J. T. Hayward, the Navy's re search chief, predicting that within five years the United States will have nuclear-powered space vehicles capable of making "deep penetrations" in space as far as Mars or Venus: "That's very deep." Saratoga Springs, N. Y. Baruch, on his 88th birthday "I feel fine! But I can't do pace myself now." Chicago Actor Studs Terkel, in eulogizing Big Bill Broonzy, the last of the "shoutin blues singers": "On the morning Bill died there was rain and thunder and lightning as though the very elements had recognized that a big man had died." Slyfield Green, England Four-year-old David Butter, who, using a stick, beat off a 1,200-pound bull which invaded a playground: "The bull just stood still when I hit him. So I hit him again. He stamped his feet. So I hit him again." The Family Council Editor's note: The Family Council consists ot a Judje, a psychiatrist, Hire clergymen, a newspaper editor, a women's editor and two writers. Each article is a summary of an actual report. The Family Council does aot give advice; it merely reports en problems that have been dealt with by responsible agencies and counselors. Mrs. D.M. I want to get out of Vera's way. Vera M. I can't hide her and my child. Mrs. D.M. I am a widow in my late 60's and I live with my daughter and her 12-year-old son. She was divorced about six years ago. I know that Vera is. very anxious to marry again and j. am oaicmu uiafa x aui ill nci way. She has gone out with a few men in the past several years, but it never comes . to anything. I feel that when men realize Vera has a child and an elderly mother to take care of, they lose interest in her. I think it would be a good Idea for Vera to take a place by herself. I could take the boy and we could move to a community not far from her. All uua noj nc cuuiu givf. Vera a chance to let her re lationship with a man devel op. If he is interested enough in her, he will later accept the situation. . Vera M. Mother has been driving me crazy with this ridiculous idea of hers. She keeps hammering away at it night and day. It seems to me about the silliest thing I ever heard of. How can I hide away my own mother and child? What would the man think of me if I suddenly pro duced them? It is true I would like very much to be married again, but I am beginning to realize that it is almost out of the question, handicapped as I am. I am trying my best to adjust myself to a bad situa tion. Unpleasant as my lot is, I don't regret my divorce. When I got married I believed any marriage was better than no marriage. Well, I .soon learned different. I wouldn't marry again unless I was sure there were no kinks in the works on either side. The Council: Vera's mother and child are indeed handi capping her but only be cause she sees them as handicaps. Time W THESE SCREWS ASH THE " 0Z. BEST THEY MAKE - BUG jjT JcAN GET yl i r, 1- - - "-ffisvt. iit awvai j which the brochure reminds the reader is perishable "you might even say depletable." And values change swiftly, the engineers note. "Consider Amerada at the time of the discovery of the Williston Ba sin; Lorillard with its success with the Kent cigaret; Amer ican Motors with the popular ity of its small car, to mention a few.'; In placing a value on a com pany, the experts start with a record of past earnings. They Financier-statesman Bernard anniversary: as much as I once did. I have to The fact that men become interested in her and then drop her when they realize her responsibilities indicates that she tends to present her self to them as foot-loose and free. Naturally, she attracts the kinds of men who are looking for such a woman. If Vera accepted her respon sibilities good-humoredly or, what would be even better, joyfully, she would attract the kind of man. who jnight be in terested in a woman of her sort. Many men have respon sibilities of their own and would welcome the kind of marriage that would mean the joining of two households. There are even some foot loose bachelors who . might prefer the kind of woman who can offer an established home that includes a child. We agree with Vera that it would be more than foolish for her to attempt to hide her mother and child. But we feel she is unconsciously doing just that at present. Despite the problems they present, we are sure Vera must love her mother and child and this is what she must keep uppermost in her mind and heart. This alone will afford her happiness, and her happiness will attract others to her. At present, Vera must be doing great psychological damage to the mother and child, who both sense that she feels they are in the way. She must try to repair that dam age. When she does she will repair some of the damage she has done to her own per sonality. (Copyright 1958, General Features Corp.) FORD LEAVES CADILLAC Detroit (UPD Henry Ford is retiring after 45 years with Cadillac. Ford, Cadillac's relations manager and no re lation to the founder of the Ford Motor Co., is known as "Harry?, to his fellow execu tives at Cadillac, a part of General Motors. Salem (UPD Walter Gor don, Portland architect, was appointed to the Capitol Plan ning Commission by Gov. Robert D. Holmes Monday. By Jimmy Hatlo at Job try to list all fagts relevant to future earning capacity. Selling methods are checked and an attempt is made to show how the company would fare in slack times. Organization Setup And then comes manage ment. "The fortunes of every company depend on whether the management, the organiz ation setup and the controls are adequate in keeping with the nature of the business And will continue that way.' As for price-earnings ratios, they vary according to the company's outlook and are ar rived at by judgment. "The ratio is higher if the com' pany's management is, good, the prospects bright, earnings steadily growing, debt moder ate. In other words, if the quality is high." Ford, Bacon and Davis note that just about everything in the business world must be taken into consideration wealth underground such as oil, gas, or minerals, wealth above ground, such as timber, reproduction costs, and mar ket value of outstanding se curities, to mention a few. Stocks Not Guide "If someone is willing to pay good dollars for a stock it would seem fairly persua sive evidence of value," says the firm. "It may be. Yet the conditions can be such, it may not be a good indicator at all. "Take a small company which recently brought in a new oil field. If an unin formed stockholder sells his shares just before the news is released, that transaction is not likely to be a fair guide. "And some stocks are de pressed because of a low divi dend pay-out. Still others vice versa. The fact is there are many reasons why minor transactions do not necessar ily indicate the value of the business as a whole. Some se curitites are so inactive, quo tations are but a formality. Some sales may be in the fam ily, so to speak. Some are forced." Valuation, says the firm, is the expression of opinion after giving due regard to all the pertinent facts and estimates. The best opinion, it notes, comes from men of experience in this particular type of work. ' All this adds up to a moral for the prospective ( stock buyer: " 1 Better leave the valuation of stocks to the experts. As Mitchell of Canada puts it in his new, 1958 chromium plated version of the nursery rhyme applied to blind spec ulation: "A young lady named Jill with a little jack goes up a steep hill but when she comes down she hasn't any jack." U5S Ranger Arrives In San Francisco Alameda, Calif. (UPD The USS Ranger, the world's largest warship, entered San Francisco Bay today and docked at Alameda Naval Air station, her new home. The Ranger, a Forrestal class super-carrier, has been two months sailing around the Horn from the East coast. She visited several Latin American ports on the way. The 76,000-ton flattop was almost resting on the bay mud in Alameda Channel. Her Reel draws 35 feet. The dredged depth of the water way is but 36 feet. Bight tugs turned her mas sive hull so she. could be backed into her pier. After civic welcoming cere monies, the 3,500 men and of ficers began shore leave. Her skipper is Capt. Paul D. Buie of Nashville, Ga. . The ship will be assigned to the Pacific Fleet and will train with other units of the West Coast's First Fleet. Book Pictures Ike As Weak, Indecisive By DAYTON MOORE United Press International Washington (UPD Presi dent Eisenhower is portrayed by the author of a new book as a weak and indecisive chief executive who has failed to use his powers to deal with various problems. Marquis Childs, Washington correspondent for the St. Louis Post-Dispatch and Unit ed Features Syndicate colum nist, is sharply critical of the President in the book, "Eisen hower: Captive Hero." The tenor of the book is in dicated by its subtitle; "A cri tical Study of the General and the President." Childs, who has covered the national scene for years, writes that Eisen hower "must be put down as a weak president . . . for his failure to use the powers of the office." Eisenhower's handling of the Little Rock school integra tion, recession and post-Sputnik problems .were credited with resulting in a national at titude of "unease and embar rassment even" toward the President and his administra tion. Prisoner of Office "He appeared more and more as a prisoner of his off ice, a captive of his own inde cisiveness, a captive of the hero - worshipping public, a captive of the agonizing di lemma of an era of nuclear The Hollywood Scene BY VERNON SCOTT Hollywood Correspondent . Hollywood (UPD Cliff Rob ertson, a competent young actor who has starred in a few pictures, is searching for a gimmick or. trademark that will catapult him into the big time with such stars as Mar lon Brando and Gary Cooper. "You must establish an identity with the public or you're lost," the dark haired Robertson maintains. "I'm not looking for a phony pitch, but Teen-Agers Swim To Seek Assistance Panama City, Fla. (UPD Three teen-age boys today were credited with saving the lives of 42 passengers and crewmembers stranded on a sinking party boat. The youths swam eight miles to shore for help when the 80-foot Trade Winds ap parently struck a submerged object and began shipping water off Laguna Tuesday night. ' . The crew and passengers immediately began bailing but the water flooded all three engines and damaged the radio. Johnny Jackson, 15, first mate; Juke Savage, 16, a deck hand, both of Pan ama City, and Bobby Bullock, a teen-age passenger, plunged into the water to summon help. They swam the eight miles in about four hours and no tified" authorities. The passen gers and crew meanwhile scrambled on to the super structure of the boat as the craft sunk as far as the gun whale. A U.S. Coast Guard cutter and party boats went to the aid of the Trade Winds and took the stranded crew and passengers. Minister Declines To Judge Contest Blendworth, Eng. (UPD The Rev. William Rees, a 41-year-old country parson, to day turned down an invita tion to judge a beauty contest on the ground beauty is more than skin deep. He said it is "all wrong" to judge beauty by inches. Organizers of a beauty con tesct at the seaside resort of Southsea invited Mr. Rees to officiate at a "Miss Southsea" competition scheduled for to day after learning that he had teed off on beauty contests in his parish magazine. South sea pier manager David Evans suggested the church man judge contestants by his own standards. "I gave the invitation some thought and decided to de cline," the Anglican vicar said. "I felt that a man could not really assess the beauty of a girl by just looking at her. "I would want to meet her, and get to know her person ally before I could judge her real beauty. It is all wrong to judge beauty by inches." "RADIOACTIVE" TEA SAFE . Washington (UPD The Food and Drug Administra tion has ruled that radioactiv ity in a cargo of Japanese tea that arrived in New York last month was far below the dan gerous level. It said the tea was safe for human consump tion. ' annihilation in which man's old savage instincts lay close to the fragile surface of law and order," Childs said. Eisenhower's prestige "had all but vanished" in Western Europe by early this year be cause he had "defaulted on his responsibilities," the - author charged. Child's said Eisenhower wasn't up to unifying and in spiring the nation in the after math of Little Rock and the Sputniks because as "the com promiser, the reconciler," he had never had a strong enough sense of mission. Humphrey Strongest Former Treasury Secretary George M. Humphrey was credited with being the strong est Cabinet member in the first four years of the Eisen hower administration. Humph rey, "more than any indi vidual, except the President himself, set the tone1 of the Eisenhower era." Childs blamed the cutback in military spending before the Sputniks on the Humph rey influence, but criticized Eisenhower for approving it. The President also was criti cized for waiting five years to put forward a defense reor ganization plan. As the head of the Republi can Party, Eisenhower "has lacked both the knowledge and the capacity to do very much" about making it over, the book said. By HAZEL JOHNSON United Press Writer every young actor needs a means of recognition. Once you've discovered some in delible trademark half the battle is over." Robertson backed up his case with examples. Charles Laughton, he points out, might have remained just another character actor if the "Mr. Christian" line had never appeared in "Mutiny on The Bounty." And Gary Co oper's "Yup" provides a class ic example. Physical Characteristics "Trademarks crop up ac cidentally in roles, or grow out of physical character istics,'' Cliff explained. "Ed die Cantor's eyes and Joe E. Brown's mouth, for instance. "Yul Brynner's bald head is the best modern case on record. His noggin made him famous overnight." Charles Boyer never spoke the words, "Come weez me to zee Casbah," but that's the first thing that comes to mind when the French actor's name is mentioned. Katherine Hepburn's repu tation didn't suffer from her famous line, "The calla lillies are in bloom again." Both May West, "Come up and see me sometime", and Greta Garbo "I want to be alone", capitalized on public identity with their most famous utterances. Making The Grade "You have to be more than talented, or . young, or good looking to make the grade," Cliff went on. "Rock Hudson is a big star who hasn't latched onto a gimmick. But he is a box office personality more than he is an actor. I know dozens of young actors who are bet ter performers, but they have n't had the breaks." Robertson's big opportunity rolled around earlier this year with the lead role in "The Naked and The Dead," now in release. "Some actors are fortunate enough to establish a trade mark in their first pictures like tough guy Alan Ladd. And they're able to build an entire career on a single characterization. "Right now people recog nize my face and name sepa rately. Someday, with luck, maybe they'll be able to put the two together, but it would help if I had a trademark go ing for me." S M I T H - D Y N G E lumber Co. 8th & Fir St. Daily's U-Drive Medford Airport rag)5 SsBsSssBssSastsastT I " ' Chrysler 8th and Front Street A free service of THE MEDFORD MAIL TRIBUNE IrOamDSn Motor Co. Medford's Oldest Plymouth Dealer On Medford's Newest Main Street .. offers BRAND MEW 1958 mqw motor, co Plymouth Vacaiioi. ENJOY EVERY VACATION MINUTE . . . but before you leave ask for the Mail Tribune VACATION PAK Medford Mail Tribune VACATION Circulation Department PAC Medford, Oregon ORDER Plaaso save any Mail Tribune while I em on vacation, beginninf .. ... deliver all of thom to mo whoa I return on - W certain, please call Mail Tribune when you return). Name .. ... Address .... City. MAIL TRIIUNE, Medfer, Oreo., from $2095 2 door, 6-passenger sedan Equipped with heater, oil filter, arm rests, sun visors and all standard equipment, which includes Torsion . Aire ride. $495.00 Down, $53.95 Per Month On Approved lank Credit Most other models available at comparable reductions Imperial Phone Bound? SERVICE We will held the Mail Tribune while you art en your vacation. Each issue will be held In our office while you are away and will be de livered to you personally by your carrier upon your return. VACATION PAC SERVICE IS FREE! No papers to pile up on your porch. You will be able to eatch-up on all local news and special features when you return. When you leave en your vacation ust complete this handy order and either give jt to your carrier . . . mail it ... or just bring It in to the office. WE WILL DO THE REST . . . . Wednesday, Auf urt SO, 1 Mt IS 1 SP 2-6286 Complete This Vacation-Pac Order Today . or Phone the Circulation Dept. SP 2-6141
