Image provided by: University of Oregon Libraries; Eugene, OR
About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Sept. 29, 1958)
1 MAIL TRIBUNE, M.dforJ, Ore.. Meniiy. SceHmW 29, IMS Quotes From the News By UNITED PRESS INTERNATIONAL Washington - Army Secretary Wilber M. Brucker, just back from the Far East: "It is. very important for Quemoy lo resist aggression." Washington-Sen. Joseph S. Clark (D.-Pa.) in defending release by State department sources of information that mail reaction was running against defense of Quemoy and Matsu: "It appears that, from the figures released, the American people are a lot smarter than Mr. Dulles. I am frightened that if Mr. Dulles is left to his own devices, he will get us into a useless war." Little Rock, Ark.-Gov. Orval E. Faubus, on a possible move by the National Association for the Advancement of Colored People to prevent the leasing of public high schools: "They can't keep us from opening private schools." Washington Republican National Chairman Meade Alcorn, on former President Truman's recent campaign speeches: "Falsehoods, distortions and partisan venom." Treasury Marketing Short-Term Issues To Get Ready Cash By ELMER C. WALZER UPI Financial Editor New York (DPD The U.S Treasury today is marketing two short-term issues of secu r lion in cash.. The treasury will be back in, the market in ' 1 a t e No vember of early Decem ber for anoth er $3 billion Elmer waber or more. The treasury hopes the se curities will be taken up by investors rather than com mercial banks because the latter's purchases would add to inflationary pressures. Today's offerings consist of 13-month note to raise $1 billion with the interest rate of 3Vi per cent and a 219 day issue of special treasury bills to raise $2.5 billion. The latter are calculated to yield 2V per cent. Each time a government of fering is brought into the market the experts bring up the need for longer-term fi nancing of the debt. Recently the treasury has held to short term issues because of the state of the government bond market which has been hurt by inflationary pressures that push stocks up. Debt Refunding Plan Robert Van Cleave of the government bond house of C. F. Childs and company dis cusses debt reformation in the Childs letter. j He disagrees with those who would follow the recent example of Canada in com pletely funding the debt He favors such procedure but doesn't believe it wise to try such a grandiose plan at this time. Instead he would try some thing less spectacular. "Why not, for instance, a more modest but persevering program of offering in each year's refunding a series of 5, JO, 30-year bonds, even if they amount to no more than a fifth or a quarter of the year's maturities," he asks. "Why not offer them option ally to securities falling due in the following year or the year after that? To the extent they are accepted, the task in those years will be reduced in size and made more manage able. Actually the Canadian operation was but slight ex tension of this plan. Danger of Inflation "For if it is not possible to sell long-term bonds or even intermediates in such rela tively small quantities, one must ' feel some f orboding about the methods and tech niques which might be re quired to deal with so large an undertaking as the replace ment of the wartime 2s. "Surely some interference with free market mechanisms would be inevitable, perhaps involving new pegs or sup port operations. These in turn might seem to demand prohi bitions and controls of one sort or another, to manage the resulting monetary infla tion." - Van Cleave holds that at bottom the" problem of per suading individuals and insti tutions to hold long-term gov ernment bonds is one of con vincing them that monetary inflation is not a danger. ."It must be realized," he says, "that the Federal Re serve System, even while de nounced for permitting or causing a decline in bond prices, is in fact taking the only course that, in the long run, will cause them to sta bilize or rise." Once the danger of infla tion is removed, he feels the difficulty of any sort of debt reformation will largely dis appear! Inflation talk based on the implications of a treasury def icit of more than $12 billion this fiscal year has led to sell ing of government bonds and f I diversion of those funds into rities to ob-1 CU,IU,1UI1 u uiuj tain $3.5 bil-1 stancea' markct men assert LITERALLY SO Athens, Ga. - (UPD A film ed documentary in poultry re search just completed here goes by the title of "For The Birds." Hornbrook Has Same Teachers As Last Year By CATHERINE CHAPMAN Hornbrook Accompany ing the new plant for Horn brook school this year is the same corps of teachers who engineered last year's suc cessful school terms. Principal and teacher of the seventh and , eighth grades and athletic coach is Harley Baker. A native of Oklahoma, Baker received his degree from Southeast State Teachers college at Durant, Okla., and taught in Kansas, and in Hayfork and LeMoore, Calif., before com ing to Hornbrook last year. With his wife, Grace, and daughter, Karen Sue, he makes his home in the Hen ley district of Hornbrook. Karen Sue is a first grader this year. In length of service to the school, Mrs. Ruth Cummins, who teaches fifth and sixth grades, heads the list, having taught here since 1945. Mrs. Cummins was born in Illin ois, and in 1930 the family moved to Oakland, Calif., where she, attended, school. Later the family moved to this area where her parents, Mr. and Mrs. Ivon Howard, owned and operated Camp Lowe, and Mrs. Cummins at tended Yreka high school. Graduate of Ashland Normal She is a graduate of Ash land Normal (now Southern Oregon college) and of Chico state where she received her bachelor's degree. She also at tended the University of Washington. She is now working on her master's degree at Southern Oregon college. She is married to Loren Cummins, son of Mr. and Mrs. Rob Cummins, and with him and her children, Loren Howard and Jennifer, makes her home here. Third and fourth grade teacher is Mrs. Jeanne Cun ningham, who is a native of Kansas City, Kans. She at tended schools in Denver, Colo, and Laramie, Wyo., and has been attending summer sessions at Chico State since 1952. Previous to coming to Hornbrook, she taught in Wyoming, and in Lassen county, Calif. She and her husband own a ranch in Scott Valley, where she spends her week ends. Dur ing the school week, she lives in her trailer at Phillips Trailer park. First, Second Grades Teaching first and second grades is Mrs. Rachel Martin who was born in Wales. She taught music privately in Cleveland, Ohio, for 16 years before coming to California 20 years ago, where she taught in Christian and public schools in the San Gabriel she also attended Los Angeles area. A graduate of La Verne Junior college, Southern Ore college at La Verne, Calif., 'gon college during the fall term last year, and Los Angeles State college this summer. She and her husband, Nor man, , make their home in Hornbrook. Serving for her third year as custodian of - the school building is Mrs. Gladys Jones, who is a native of Hornbrook. School board members are Lauran Paine, Ray Blankenship and Jack Cross. Present enrollment at the school is 88. At 9:00 A.M. today, West Coast Airlines inaugurates regular F-27 flights from Seattle. West Coast's new fleet of turbo-prop F-27's -powered by Shell fuel - brings you jet-age convenience with a new high in comfort. Take a tip from the airlines - the Nation's leading supplier of commercial aviation fuels also produces the finest gas oline for your car -Super Shell with TCP. Shell Aviation Fuels carry the most passengers . . . the most air freight . . . the most air mail in the United States today. come aboard the jet age... now! r agjjgap. wsassssssssa- lilM ' 1 ' ' West Coast's brilliant Fair child F-27 Prop-Jet is here, waiting k - ' to carry you into a, superb : new experience in travel. Kolls Koyce engines, the most proven; prop -jets in the air, speed you along at nearly five miles a minute. You feel no vibration. It is' quiet, restful, serenely smooth. The F-27 opens the new world of jet -power travel to you now... swift, smooth and sure... on the Pacific Northwest schedules of tMESF 013ILM(J Pffl prop-jet
