"MAIL TRIBUNE, MfTorJ, Ore9on, fixity, Auguit 22, 1958
TaxMillage Rates of School
Districts in County Listed
Total millaae tax rates for
Jackson county's school dis
tricts this year are up in 13
districts and down in 7 dis
tricts, County Assessor Ray
Schumacher reported today.
In the other district, Evans
Valley, the total millage will
not be determined until a
budge election tomorrow.
A member of new school
laws, passed at the 1957 ses-
sion of the state legislature,
created many changes in the
tax set-up of schoor districts,
Schumacher explained, and as
a result, a simple comparison
School District R
. Se
Jacksonville School No. 1
Griffin Creek School No. 2
Kuch School No. 3 . .
Phoenix School No. 4
Ashland School No. 5
Central Point School No. 8 ..
Central Point School No. 6
consolidated i
Eagle Point School No. 9
Eagle Point School No. 9
(consolidatedi
Lone Pine School No. 10 fil 8
Talent School No. 22 81.6
Hogue River School No. 35 61.6
Applegate School No. 40 61. S
Elk-Trail School No. 43 61 6
Prospect School No. 5D 61.8
Shady Cove School No. 89 61.6
Butte Falls School No. 91 61.6
Pinehurst School No. 94 61.6
Howard School No. 10f 61.6
Medford School No. 549C-1
Evans Valley School No. 62 61.6
of district levies between last
year and this is less reveal
ing than a chart showing the
entire picture, including lev
ies for rural school support,
special school fund, school
bonds, and non-high support.
The net increase (or de
crease) of each of the county's
school districts (except Evans
Valley) follow:
Jacksonville No. 1, 12.1
mills; Griffin Creek No. 2,
1.3; Ruch No. 3, (6.5); Phoenix
No. 4, 6.5; Ashland No. 5,
(4.6); Central Point No. 6,
9.4; Central Point No. 6C, 10;
61.6
61.6
61.6
Eagle Point No. 9, 15.6; Eagle
Point No. 9C, 15.4; Lone Pine
No. 10, (9.5); Talent No. 22,
.1; Rogue River No. 35, 17.5;
Applegate No. 40, 2.6; Elk
Trail No. 45, (1.9); Prospect
No. 59, 2.8; Shady Cove No.
89, 5.3; Butte Falls No. 91,
12.2; Pinehurst No. 94, (17.6);
Howard No. 100, (1.2); and
Medford No. 549C, 2.5.
Here is Schumacher's tabu
lation of the elements which
enter into a total school dis
trict millage, comparing fiscal
year 1957-58 with the current
year:
1957-58 195S-59
Special School B Total Rural Non- Special School Total
School Bond Millage School High School Bond Millage Inc. Dec.
11.5 73.1 23.1 51.5 10.6 85.2 12.1
13.1 747 23.1 89 32.8 11.2 76.0 1.3
3.1 64.7 23.1 8.9 20.4 5.8 58.2 8.5
459 8 6 545 23 1 29.3 86 61.0 65
392 8.7 47.9 23.1 16.3 3.9 43.3 4.6
37.3 9.6 46.9 23.1 22.4 10.8 56.3 9.4
373 8.7 46.0 "23 1 22.4 10.5 560 10.0
44 9 7 9 52.8 23.1 31.9 13.4 68.4 15.8
41.9 6.1 51.0 23.1 31.9 11.4 66.4 15.4
8 1 69.7 ,23.1 8.9 18 5 9.7 1 60.2 9.5
15.5 77.1 23.1 38.5 15 4 77.0 .1
61.6 23.1 52.2 3.8 79.1 17.5
61.6 23.1 89 32.2 64.2 2.6
1.3 62.9 23.1 8.9 24.0 5.0 61.0 1.9
18.0 79.6 23.1 49.8 9.5 82.4 2.8
18.7 80.3 23.1 8.9 45.4 8.2 85.6 53
61.6 23.1 46.1 4.6 73.8 12.2
61 6 23.1 8.9 12.0 44.0 17.6
1 5 4 6 67.7 23.1 8.9 29.1 5.4 66.5 1.2
42.5 1.8 44 3 23.1 19.1 4.6 46.8 2.5
61.6 23.1 8.9 (voting budget August 23)
Observatory
Reports Object
Trieste, Italy OJPD The
Trieste Astronomical Observ
atory said today a mysterious
object has been seen in the
sky since last Saturday. "
A spokesman said the ob
ject might be an earth satel
lite or rocket in orbit.
The object emits a light
equal to that of a third mag
nitude star, -the spokesman
said, and its passage is visible
to the naked eye for about
two minutes.
The observatory said the
object has been moving from
northwest to southeast, and
apparently has been losing
altitude each time it passed
overhead.
Red Tourists' Reaction to City
Intriguing, Questions Naive
Editor's note: What does
the nation's biggest city
look like to Russian tourists
seeing it for the first time?
UPI sent reporters Jack V.
Fox and Anthony Austin,
who speaks Russian, on
a rubber-neck tour with
ihem.
By ANTHONY AUSTIN
And JACK V. FOX
United Press International
New York (UPD The big
sightseeing bus with glass roof
rolled into Times Square's
soaring melange of neon signs
and billboards, past one from
which a man's picture puffs
real smoke rings.
"A m e r i can advertising,"
said Pavel Kazachenko, a
young Russian engineer. "It
is really something."
It was the first "exposure
to New York for Kazachenko
and 12 other men and one
woman visiting the United
States as the first regular Rus
sian tourists. Their reactions
to the city were intriguing,
their questions often startling
, ly naive.'
When the bus pulled away
from their hotel, the Russians
were soon bogged down in the
cluttered garment district. In
front of one dress firm, a
striker carried a picket sign.
"What is he doing?" asked
architect Mark Orlov.
He was told the man had
a disagreement with his em
ployer and was asking the
public not to patronize the
shop.
"And nobody arrests him?"
Orlov asked.
Drive Through Harlem
The bus turned up Fifth
Avenue. It went past the Em
pire State Building. The Rus
sians craned to look up at
its 102 stories but no one
made any comment. On past
the glittering department
stores and Mrs. Anna Buten
ko, a housewife and also an
architect, said:
"Where are the trees?"
Her question was answered
as the bus came alongside
Central Park and drove its
50-block length. The course
took the party finally into
Harlem and there was a no
ticeable stir of anticipation at
seeing America's "downtrod
den race."
But the first sight was a
huge development o'f low-cost
apartments, 15 stories high,
built for Negroes. They were
brand new, sparkling clean
with balconies and garden
areas.
"But where are the real
slums?" asked engineer Alex
ander Robojev.
A reporter pointed to a side
street of dingy tenements
where children played by gar
bage cans on brownstone
steps. The Russian did not
appear to believe him. Appar
ently he expected something
far worse.
"Why don't you like Paul
Robeson?" a voice called out
from the rear. The question
hung awkwardly in silence,
and politics were dropped.
The bus passed the Juilliard
School of Music.
"Where Van C 1 i b u r n
studied," said the bus guide.
"Ah . . . Cliburn . . . Cli
burn," the murmur swept the
group. Even the Intourist
man, Vladimir Babkin, dele
gated by his government to
shepherd the group, forgot
his duties at mention of the
Texas pianist.
"Ah, that Cliburn," he said.
"His playing was the high
point of the Moscow season."
The bus turned down Third
Avenue through the Bowery
where a few alcoholic dere
licts sprawled in doorways.
Legislators Ask
Morgan's Support
For Reductions
Three Jackson and Jose
phine county legislators have
asked that Gov. Robert D.
Holmes and Public Utilities
Commissioner Howard Mor
gan support the proposed
freight rate reduction now
pending before the Interstate
Commerce Commission.
Legislators asking the state
to support the proposed re
ductions are Philip B. Lowry,
state senator, and E. A. Lit-
trell, state representative, both
from Jackson county; and
Fay Bristol, state representa
tive from Josephine county.
Final Decision
"We recognize that the
final decision of this matter
lies within the jurisdiction of
Federal agency, the Inter
state Commerce Commission.
However, we are unable to un
derstand why you, as the duly
authorized officials of the
sovereign state of Oregon,
have failed to take a position
energetically supporting these
proposed freight rate de
creases," they said.
They noted that "securing
these freight rate decreases is
of the utmost importance in
helpipg to pull Oregon out of
the economic slump which we
have experienced in 1957 and
1958." The reductions also
would materially contribute
to the permanent economic
health of Oregon, they added.
"If there is controversy in
this matter," the letter con
tinues, "such as the violent
opposition of the shippers in
northern California, it does
not justify inaction by Ore
gon when the merits of the
case support a definite stand
in the public interest."
Outspoken Critics
They noted that "some of
the petitioners have been out
spoken critics of Southern Pa
cific on other occasions. We
do not now laud Southern
Pacific, but we will support
that company when we be
lieve they are right, as here,
and when we know it will
help our counties."
The legislators said they
"keenly regret that Congress
man (Charles O.) Porter from
our fourth district, which has
an overwhelming Interest in
this matter, has failed to do
anything in our behalf."
Vienna (UPD Workers in
Communist Czech oslovakia
will henceforth be liable for
all damage caused by them
during work, Prague
announced Thursday.
radio
MEN!
In A Rut? Earnings Low?
No Place To Advance?
Maybe We Have The Answer! -
See Our Ad Under Mate Help Wanted
SINGER SEWING MACHINE CO.
One Russian nudged another
and pointed, but they said
nothing.
Visit Stock Exchange.
The high point of the trip
was Wall Street. The Soviets
came during the busy noon
hour. Word spread of their
identity and police held back
a crowd at the door of the
Stock Exchange.
"Why must there be po
lice?" asked Orlov.
"Well, the people are curi
ous," a reporter replied.
"There are crowds because it
isn't every day that Russians
come to Wall Street."
On the visitors' gallery
overlooking the trading floor,
brokers and clerks paused to
stare up at their spectators.
Robojev said the people on
the busy floor seemed very
nervous.
"How many of them have
heart attacks when stocks
fall?" he asked.
Another Russian wanted to
know how many people go
bankrupt every day.
"None, for a long time,"
said the girl guide from the
exchange.
Red Reads Marx
Info Musical
New York (UPD A Rus
sian tourist visiting New York
for the first time managed to
read a little of Karl Marx
Thursday night into a very
un-Marxian Broadway musi
cal, "Say Darling."
After seeing the show,, the
comic story about the diffi
culties of producing a Broad
way musical, Ivan Ionov, an
engineer who speaks no Eng
lish, was given a synopsis of
the story by an interpreter.
"Ah, I see," he said finally.
"At first everything goes
wrong because everyone acts
individually. Then they get
together as a collective and
everything is set right."
Six Waves of Red
Planes Reported
Taipei (UPD Six waves of
Communist planes passed
through the Matsu area today
but no hostilities were report
ed from the tense Formosa
Straits.
The Defense Ministry said
one group of Red planes flew
directly over Matsu without
attempting an attack.
The type and number of
Communist planes were not
given.
New York Police
Seek Stolen Car
New York (UPD Police
today had an alarm out for
a stolen car, described thusly:
"Red, four, and one-half
feet long, with top speed of
five miles an hour."
The complainant, Bruce
Winnick, reported the car
stolen Thursday from the
miniature garage in the rear
of his home.
Bruce is seven years old.
Big Reason Companies Split
Stock Is to Increase Holders
By ELMER C. WALZER
UPI Financial Editor
New York (UPD Ameri
can Telephone and Telegraph
company's dividend meeting
has come and gone and its
president, Frederick R. Kap
pel, has resumed his vacation
interrupted for the director's
meeting.
Directors declared the regu
lar quarterly dividend of $2.25
a share. It was the 150th quar
terly dividend at that rate
and it came at a time when
Wall Street was buzzing with
talk that a dividend rise or
a stock split or both would
be forthcoming.
The street got its steer
from the conservative Stand
ard and Poor's which select
ed American Telephone as its
stock of the month.
Standard said: "With earn
ings prospects decidedly fa
vorable and depreciation
charges up sharply, perhaps
some change in the company's
financing plans may be un
der consideration.
"If,, as seems likely, less
equity financing need be re
sorted to, shareholders would
miss the frequent subscrip
tion rights which they have
come to regard as an added
return.
"Thus, the growing belief
that A. T. & T. directors may
be considering a possible in
crease in the dividend andor
a stock split becomes more
plausible."
Why do companies split
their stock? The big reason
in most instances is to in
crease the number of stock
holders on the theory more
would be willing to buy a
stock that was cut in half
or one-third in price through
a splitup.
This wouldn't seem to ap
ply to American Telephone
which has 1,625,000 stock
holders more than any com
pany in the nation. It got
most of these holders over
the period from 1929 on when
prices from the stock ranged
between the 1929 high of
$310.25 and the 1932 low of
$69.75. This year's high was
$184.
The company itself has said
that there is nothing to gain
in a split for the stockholder
unless the dividend is raised.
It is now paying out about
69 per cent of net earnings
which Wall Street experts say
is somewhat above the aver
age. Of course stockholders can
argue that they are suffering
from inflation with a dividend
retained unchanged since
1922 at $9 a share. If the
dollar were worth SI par in
1922, it would, now be worth
594 cents which would mean
stockholders receive 5.33 1922
dollars yearly in dividends
not $9.
Back in 1922 the stock
yielded 7.02 per cent at the
1922 high of $128.25 a share
and 7.86 at that year's low
of $114.50.
The yield at the 1929 high
was 2.90 per cent and at the
1932 low it was 12.9 per cent.
Currently the stock is yield
ing slightly less than 5 per
cent.
In 1922 when there Were
6,933,470 shares of A. T. & T.
outstanding valued at $900,
409,262.50 at the year's high
for the stock, the company
had 248,925 shareholders.
In 1929, the stock outstand
ing had risen to 13,223,400
shares owned by 469,801
stockholders. The valuation
in that year at the all-time
high for the issue was $4,102,-
559,850.
Today there are outstand
ing 69,936,320 shares owned
by 1,625,000 shareholders.
The stock at the 1958 high
of $184 is valued at $12,868,-282,880.
Very few market men be
lieve there will be a stock
split at the current prices for
the shares. Also few believe
there is much chance of a
dividend rise.
IB Hi '-2.
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