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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Sept. 18, 1958)
Wall Street Scanning Horizons For New Investment Projects 11 r-ai-rn Sf ff I w e 1 s s 1 I economis By ELMER C. WALZER UPI Financial Editor New York - (LTD - With vast sums of money seeking em ployment, Wall Street is scan ning all hori- I zons lor new J rT I i n v e s t ment I '&"tX 1 projects. A great deal of money will find invest- I ment abro a d, R. L. m a n, economist for Elmer Walzer xne DroKerage and banking firm of W. . Hutton & Co. In a study on that subject, Weissman concludes that "in ternational investment seems destined to expand substanti ally, with far-reaching conse quences." He points out that without foreign capital the economic growth of the U.S. would have been much slower than it was, and quotes E. R. Black, president of the World Bank, that no free country has ever been able to develop a healthy economy and to realize its maximum economic potenti alities without getting foreign id. Private American invest ment abroad currently totals $33 billion and U.S. govern ment foreign investment, $16.5 billion for a total of $49.5 billion. These figures compare respectively with $16.3 billion, $13.1 billion and $29.4 billion in 1943. Mostly Subsidiaries Of the $33 billion U.S. pri vate investments, direct in vestments amount to $22.1 billion, against $14.7 billion in 1948. These direct invest ments are represented most frequently by subsidiaries of American companies. Weissman says no one can expect American investments abroad to equal the British in the halcyon Victorian era when half of Britain's savings was flowing into foreign channels. If American investments were on the old British basis, we would have foreign in vestments of $160 billion and an annual income from them of $1 billion. Back in the 1920s, U.S. money was flowing abroad rapidly. Many of those for eign loans were all-advised, Weissman notes. Britain and France made some poor ones too," a number of which were the result of politics over coming sound finance." Investments Scattered Presently, our investments abroad are largest in Western Europe, followed by Canada and Latin American republics. The present total compares with $17 billion in 1929. Making allowance for the change in the price level and national income," Weissman says, "the increase is not as large as it seems. "Our investments abroad may be expected to rise more rapidly in the next decade." Weissman gives three rea sons for expecting renewed expansion of international in vesting, namely, population growth, "the revolution of ris ing expectations," and capital rich countries seeking outlets for funds. Population growth, he finds is greatest in underdeveloped nations. That, plus a rising tide of nationalism, a spread of knowledge, and govern ment commitments to improve standards of living create con ditions where objectives can be realized or even approach ed only by use of vast sums, he says. Weissman .admits there are obstacles and difficulties in foreign investment, even in cluding expropriation and dis criminatory practices. "Nationalism, with its empty results, make a good political slogan," he says, "whereas wise statesmanship would adopt policies to invite foreign capital. "It would be helpful if greater efforts were made by United Nations' organizations and other influential bodies to have a code of fair treat ment of foreign investors adopted." Reds Expected To Spur Arabs Paris - (UPD - Officials here predicted today the Commu nists will spur Arab gunmen in this country to new ex cesses in the next 10 days in hopes of intimidating voters in the coming constitutional referendum. Premier Charles de Gaulle summoned his cabinet to a meeting late today to con sider special police and army measures to combat an ex pected campaign of terror. The trouble probably will come to a head a week from Sunday, when about 43 mil lion Frenchmen at home and abroad register their views on the proposed constitution of the Fifth Republic. Interior Minister Emile Pelletier, who directs the activities of French police, said "extraordinary meas ures" will be adopted to pro tect the voters against ex tremists who may try to scare them away from the polls. The "gunmen of the Al gerian underground are be ing helped and led by the Communist Party," Pelletier said. "I have strong indica tions that the attempt to assassinate Information .Minis ter Jacques Soustelle Mon day was ' engineered by Communist agents." The average life span of small rodents is scarcely a year. Motorloggers Dig Razor Clams Seafood Delicacy in Good Supply Along Many Nearby Pacific Beaches TIm tmiiim k cMKeuerleH et a wtartaa mpearma m Mie Sunday Ore imin, ene et aa ) lariat aaaa ime Wr Tfce Omnia en Ma Ora- Mar Asm. Taaia travel eetiiee vacatiea trice aad mreueheut me WiWmiwt artiicft are raconnntaaaa" far eet-efitale visiters taaum t By KEITH HANSEN Asstant City Editor, The Oregonlan Count trie razor clam as one of the many tangible treas ures that go along with living near the Pacific. This clam is available, fun to hunt, and is a real seafood delicacy when fried, hot and fast From Portland, the lair of the clam is an easy drive from home. And at low tide, the clam fan needs no urgin'- He is off to the .coast. If you are one of the many who have yet to go clamming, give it a try this summer. When friends and relatives head for Portland next Centen nial year, a clam digging ses sion and ensuing clam fry will be an experience they won't soon forget. The Clatsop beaches of Ore-1 gon provide good clamming for the famous razor clam, as do the beaches of Washington's North Beach Peninsula, across the Columbia River from As toria. Other Oregon and Wash ington coastal areas, particu larly around salt water bays. provide such varieties of clamsH as the cockerel, the norsenecK clam and the small bay or steamer clams. Our Oregonian-Oregon State Motor Assn. motor log took us to the clam beds on the Wash ington side, where 20 miles of shovel, followed by a wunge smooth, uninterrupted beach means home, for millions cc razor clams, and on the oc casion of low tide, for thou sands of clam diggers. One of the major charms or a clamming trip on this stretch of sand is that, given a minus tide and even a smidgeon of luck, the results are meas ured by the . sackful of bi valves. Although clam diggers ran the range from expert to nov- I . -ffi.it .t i 'Vi1. rl J' i t j YLfi Li1-& A. rr'liv Km Coats, i Yaaeowter, Wajfc., jfcaws malt d aaarch for raaor claim oa loog stretch at North Beach Peaiasnla. ice, as in any other endeavor, it's not tough for even the nov ice to come home with a lim it, which in Washington state is 24 razors. All you need take to the beach is a clam shovel either the old standby short-handled, slim-bladed shovel or one of the new tubular clam "guns" clothing that .. won't mind some dampening by the surf, and a container. You're in business. The first chore is to spy the distinctive hole made- in the sand when the clam withdraws his long neck. It's hard to de scribe, but after spotting a few of the "dimples" you'll read ily distinguish them from other depressions in the sand. The general practice is to stand with tout back to the surf, plant the shovel in the sand a few inches away from the dimple, and lift out a shov elful of sand. Often, you'll have your el am right now. More often, you'll need another scoop with the of the hand and arm into the hole until you find the target. Pull him out. The sharp ends of the shell can cut like a razor, and sliced finger tips are the mark of the clammer. While the special tools of the trade are helpful they aren't an absolute necessity. The "man to clam" form of com bat, which is simply to scratch at the sand with your fingers and then to try to dig him out of his hole, can be rewarding. Most clammers, and certain ly the novices, do their digging in the wet sand above the wa ter's edge. The experts learn to spot the tell-tale dimple, or even the dark spots of the clam's neck as k barely parts the sand, and flip the mollusks out of the surf. It's a tech nique we have yet to master. Digging the clam is only half the fun. Eating him is the other half. Cleaning him is no fun at all, and maybe you ean con vince your better half to clean the batch. So all right Clean them your self. Now to the frying.. Roll the firm, white meat in flour. Then in beaten egg. Then m cracker meal or cracker crumbs. The skillet and the on, pref erably melted butter, mu6t be hot. A good clam cook gets mat way through experiment. Skil let not hot enough, the clam tastes like a -raw clam or is tough. Skillet too hot, you'll Krb Haasm poses along aide the AAA motorlee; ear Berth of Ocean Park, Wash., aad balds pair of rasors still aHve. burn 'em. With the skillet just right, fry them fast Some say only ten seconds on each side, but that's a matter of personal taste. When done to that taste and golden brown, fried clams are hard to beat Even now you're not finished with the clam. When cleaning them, snip off about half an inch of the neck. This makes a Bait dearly beloved by sea perch. Bait up, cast off the rocks or wade out into the surf with the proper fishing gear for long casting. When the perch are feeding close to shore, you'll reel in an ocean fish that provides as tasty a fillet as you could ask. One warning. Clean the clams thoroughly. The boards of health of Ore gon and Washington offer con stant reminders that highly dangerous plankton poison sometimes is found ia the in testinal tract of clams. The strychnine-like poison is pro duced when shellfish eat a tiny plankton called G. eatenela, oc casionally washed in by the ocean. There is absolutely no dan ger if you completely remove all dark portions of the clam and wash the white meat thor oughly. This is standard prac tice by experienced clammers, and the warning is directed to those who are uninformed and who might possibly eat the clams without cleaning them. Official Song Contest Planned Portland The Oregon Cen tennial commission has an nounced a contest for an of ficial song to help arouse en thusiasm for the state's cen tennial celebration next year. The commission set a Nov. 30 deadline for submission of entries. The fine arts committee, which is in charge of the con test, warned that no song al ready published or already chosen as winner of a contest will be considered. At the same time, the com mittee promised that all roy alties will go to the composer and lyricist. Edwin D. Flenner, chair man of the song subcommit tee, said the judges of the con test will be Owen C. (Red) Dunning, music director at broadcasting station KOIN in Portland; Joe Dardis, orches tra leader, and Dr. John Rich ards, associate professor of music at Lewis and Clark col lege.' Flenner said entries must be addressed to "Song," Ore gon Centennial commission, It makes sense To enroll in the ' NANCY TAYLOR SUCCESS COURSE You'll be amazed at your own loveliness. You'll gain confidence in your work and in yourself. New Classes: Adults Tuesday, Sept. 23 9-12 noon Teenagers Tuesday, Sept. 23 4:30-7:30 p.m. Nancy Taylor Charm Course ' 40 North Riverside V Phone SP 3-40S 511 Jackson tower, Portland, and arrive in readable manu script form, arranged for voice and piano.' The committee promised to return each manu script not chosen if it is ac companied, by, a stamped, self-addressed envelope. JGDDN THE EAINIP Rent First Then Buy A Horn For Your Young Musician From Emerald Music Co. 333 S. Riverside SP 3-5653 Writer J. McPartland's Death Reveals Strange Romantic Plot Monterey, Calif.-fUPB-A ro mantic plot as strange as that in any of his spicy novels has come to light with the death of novelist John McPartland. McPartland, 47-year-old au thor of "No Down Payment," died at his home here Sun day. His wife, Eleanor, and their five children received a flood of messages express ing sympathy. But Wednesday an attract ive brunette said she was Mc Partland's true wife and the Father Faints on News of Triplets Redlands, Calif. - (WD -David Voss, 19, ranch hand and student at San Bernar dino Valley College, fainted Wednesday when informed his 16-year-old wife had pre sented him with triplets. When he recovered, Voss guessed he'd have to drop out of school to meet his un expected responsibilities. The identical triplets, all sons, were born to Mrs. Sue Voss, a senior at Redlands High school, at Redlands Community hosptial. It was the first triple ' birth in the history of the hospital. Dr. C. T. Halburg said he would not charge for deliver ing the babies. It was the first triple birth he had hand led in 27 years of practice. mother of their 10-year-old son, Donald. Mrs. Ida McPartland of Mill Valley, Calif., said her hus band had commuted between Police Report Break, Entry at Station A break and entry at Keith's Texaco, 401 North Riverside ave., was reported to Medford city police yes terday. The theft was discovered by Keith Clifford McLean, 2961 Crater Lake ave., about 8:12 a.m. A cash register contain ing $1.70 was reported stolen from the station. Entry to the station was made through a door in the shop area into the office some time between 1 and 8 a.m police said. A screwdriver was used to remove a hasp on the door, police reported. HE CAN HANDLE IT Gateshead, England - (UPD -James Scott, charged with driving his roadsweeper while drunk, was acquitted Wednes day although he admitted in court he drank 13 pints of beer the night he was ar rested. "But it would take 15 pints to put me under the influence," Scott explained. A police sergeant testified Scott was "well used to tak ing drink," so the judge let him off. his families in Montrey and Mill Valley for 10 years. Ida said she let the bizarre situation go along through the years because her hus band repeatedly promised to give up Eleanor. "Why, he made that prom ise as late as last week," Ida said. At the time, McPartland was spending two weeks with his Mill Valley family. He re turned home just before his fatal heart attack. Left Wife Ida said she and McPart land were married in Septem ber, 1943, in Tyler, Tex. She said he walked out on her 10 years ago and moved in with Eleanor. Meanwhile, McPart land continued to visit Ida in Mill Valley while living with Elea nor at their comfortable home in the Monterey Peninsula Club area. Donald occasional ly visited his father in Mon terey. The second Mrs. McPart land, a leading member of the Pacific Grove Parent Teach ers Association, acknowledged they have never been mar ried. "I confirm the story," she said-"Other than that, I have no comment to make at this time." Best Seller McPartland wrote 12 paper back novels. His big success was "No Down Payment," which was a best seller that MAIL TRIBUNE. Medford. Ore.. Thursday, September 18, 1958 9 was later made into a movie. It told of the financial and amorous entanglements of sev eral middle class couples on the San Francisco peninsula. Ida's attorney, Jay Pfoten hauer of San Francisco, said he is considering legal action to have Ida made administra trix of McPartland's estate. Ida, who attended her hus band's funeral, said she was "very sorry" the publicity had to come out at this time." But she said the news of McPartland's death, listing Eleanor and the five children as sole survivors, had dis turbed her parents in Ark ansas and she wished to set the record straight. We Give GREEN STAMPS CENTRAL REXALL DRUG Main and Central IT LEAVES YOU BREATHLESS! SET ON THE VODKA WAGON WITH .aSf et att: ::-. 777. i a g f the greatest name in WlimifV0D(A 10 S 100 Proof. Dittillii Inn nii. Sto. Pierre Smirnoff Fit. (Div. if loobliii), Rirtfirf, Call.- FN A A 1L LA fLECTVA 225 IH THf EY6-STOPPtNG J ' I f . i fejll 1Fmmm''mmy if' ' ' im"''' NW 4-DOOR HARDTOP . S 'WSil I , 'm . JStf" fLECTVA 225 W THf EYE-STOPPING NEW 4-DOOR HARDTOP Here it is . . . and now you know! Know why we have called this THE CAR. Know that a new generation of great Buicks is truly now here. From just this one view you can see that here is not just new design . . . but splendidly right design for this day and age A car that is lean and clean and stunningly low . . . and at the same time great in headroom and legroom, easy to get into or out of. And when you see your Buick dealer and walk the whole wonderful way around this Buick, you'll know still more how right all this is. From anywhere you look, here is a classic modern concept that is Buick speaking a new language of today. A language of fine cars priced within the reach of almost anyone. A language of quality and comfort and quiet jride of ownership. And when' you see your quality Buick dealer and get behind the wheel, the car will speak to you in alanguage of performance saiisj 'actions without equal. THE LOOK. A clean, leannew kind of .fine car look. The look of the best-engineered, best-manufactured Buick ever built . . and the most excitingly beautiful design ia Buick'g nearly 60 proud yeans. I - -.eaaf- ' I - f7 . . r r Muni i in ju. L , M' mL : : : "oTfKIKttMKH a THE ACTION. Get the feel of thrifty new Wildcat engines. New Equipoise ride. New fin-cooled rear brakes and aluminum front brakes. New Twin-turbine and Triple turbine trnsmisski. THE QUALITY. Buick quality to the core, new super-quiet bodies by Fisher. New Magic-Mirror finish retains its beauty longer. New interior decor throughout Safety-Plate Glass everywhere. Magnificent new quietness, new comfort, the feel of fine-car quality everywhere! Yours to test, yours to savor the magnificent new Buick for 1959. ' '. wu caal on certain modtk. A NEW CLASS OF FINE CARS WITHIN REACH OF 2 OUT OF 3 NEW CAR BUYERS I SABRE TW mm ffl ELEffli The thriftiest Buiek The mod spirited Buick The moH luxurious Buick See Teles of Wells Fargo Saturday afternoon, KBES-TV
