Medford mail tribune. (Medford, Or.) 1909-1989, October 01, 1958, Image 6

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Medford mail tribune., October 01, 1958, Image 6

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Newspaper Page TextJ I 1 MAIL TRIBUNE. Mtd' 0re9". Wednesday, October 1, 1958 Ged Ciina Report (Continued from89 tastic. At the cof tory in Slan put would assured me that, . j - come fan- year increase iivei th and reacn 20 2. At three ent figure in, in the pagt conferences workers of few monthShemical piant the Shangh years produc. agreed that, ralsed from an tion should of $u mlllion original in value. At the to $42 mjei works, where nearby jes were produced 1,400 e' workers had suc last yfcromised at similar cessiv to turn out first meetien 4,200, then 5,600 2.80k 1958. mother these exhilarating Is bear any relation to sU at all, nobody yet r. Fatigue and bottle- still take their toll, and aina today workers in idle fi can be found lying in Jiausted sleep at their aches, or even openly whil- g away the time by playing tfds. Yet on the one occasion was able to check incontro rertibly with a fully-informed ,anti - Communist expert a 'claim that production had been tripled in one important plant I was told, "It is per fectly true, and it could only have been done in China." . Only Part of Story All this is only part of the story. Every day the Peking ; Press is full of items like this: . "Sinkiang will have 1,600 .blast furnaces of the tradi . tional plants come into opera tion in Shensi Province. . . ." These, in fact, record a most significant revolution. The ; Chinese are still in the early ; stages of industrial develop ! ment, and although nothing is ' more impressive than to see the hundreds of excellent Chi nese tools to be found in any ; one major plant from Man Ichuria to Szechuan, outside . the Chinese have accom- ' plished little more than the ; "wheelbarrowization" of their country. For every one trac- . tor or bulldozer there are hun dreds of thousands of workers ' on railways and roads and in the fields equipped with no :more than the bamboo carry- : ing pole and, thanks to the ; Communist regime, we are told, the wheelbarrow (in vented in China some 1,500 years ago). China, anxious to achieve Industrial power and econ omic independence as quickly as possible, has hitherto re lied on costly Soviet aid to build big industrial complexes whose construction requires several years. However, the Chinese, rebelling against the delays and expense involved In this slavish mimicry of Sov iet industrialization, are today creating hundreds of thous ands of small and medium plants all over the country. These can be built in a matter of months and can ensure a stupendous increase in pro duction to meet local con sumer demand in a short time. They require no Soviet equip ment or technical knowledge and cost no foreign exchange. Furthermore they release the higher quality products of the big central factories for ex port. Plants Uneconomical Although these plants may be linked together later, they are obviously uneconomical Chinese backyard genius has already produced the first of 50 different types of car and 173 kinds of tractor, for ex ample. But by the time the visitor has heard that a so-called "fertilizer plant" started in Canton is, in fact, a compost , heap, that a cooperative now ' has a "radio receiving station" because it has acquired a ; cheap wireless set, that every , county in Honan has its own ; ball-bearing plant "up to Swe : dish standards," his confi- to aence is considerably shaken. After learning how workers had decided arbitrarily uouble, treble, even quadrupl original figures for current production which had been after all, soberly worked out by their own experts in the first place, I could only re flect how appropriate it was that the most famous dish in China, home of culinary ex cellence, should be called 'Canard de Pekin Nevertheless, in the Chinese provinces 1 saw wnat was meant by "small and medium local industry." There were simply constructed furnaces producing anything from two to 20 tons of pig iron or car bon steel a day, and local forges and casting shops wnere tnis metal was con verted into farm tools, boilers, even cast iron rails for local communication. This scheme may indeed enable China to overtake Bri tain, at least in sheer solid weight of output if not in quality. It will, moreover, im measurably accelerate Pei ping's plans for building Chi na into the greatest producing state in the world with an un precedented impact on the West. OFNS Copyright Fire Danger in Oregon Forests Declared High By United Press International Forest fire danger mounted in Oregon today. One new blaze was reported in south west Oregon and foresters kept a close watch on the sit uation with the deer hunting season scheduled to open Saturday. "Unless it gets real bad there is no question that the season will open," Tom Wright, press secretary to Gov. Robert D. Holmes said. Little Change Seen The' weather bureau warned that low humidities and dry east winds over the Cascades and Coast ranges has brought the fire danger to the "very high" level. It said little change was indicated for sev eral days. Assistant State Forester Lynn Cronemiller said a new fire was discovered northeast of Humbug mountain about 15 miles south of Port Orford. A blaze which covered some 4000 acres north and east of Gold Beach flared out of con trol again Monday afternoon but was checked by nightfall. Water Facilities Removed At Brookings residents were stopped from car washing and lawn watering when water pumping and filtering station facilities had to be removed from the creek which supplies the town with water after a blaze burned within a mile of the town. Another fire near Brookings covered about 40 acres of private timberland. Logging operations were affected as humidities dropped below 30 per cent in Curry county and in much of the area west of the Cascades. Forestry officials refrained from any prediction about the deer hunting season but it believed closure to hunting would take place only if the danger was extreme. Mutual Funds, Insurance Tied In Program of Estate Planning if "s Mm By ELMER C. WALZER UPI Financial Editor New York-TCPB-Wall Street experts are making much these days of linking up mu tual funds with insur ance in estate planning. Today 60 in vestment com- 4 jjf uica oiju 1 -.1 are sponsoring distribution of Arthur W i e- Elmer Walze s e n d e r ger s "Investment Companies" book to 15,000 public libraries, col lege and university libraries and armed forces libraries in the United States. Wiesenberger devotes a chapter of his book to insur ance with the intention "to show the fallacies in certain types of reasoning about life insurance." These misconcep tions, he holds, have discour aged people from investing at least part of their savings in common stocks, which "in the past have helped minimize the effects of inflation." Walter Holbrook, a New York estate planner, has worked out a combination of life insurance and mutual funds. A man paying SaOO or more a year in premiums for permanent life insurance (any thing except term or group) can usually get twice as much life insurance and at the same time start building capital through a mutual fund with out any increase in outlay,' Holbrook says. The Plan Under Holbrook's plan one borrows most of the cash val ue of the insurance each year to pay the premiums on addi tional insurance and, in many cases, to invest in the mutual fund as well. He warns that interest must be paid on the money bor rowed on the policies, and that the face amount of the insurance is reduced by the amount of the loan He says the interest can be paid, death benefit increased and retirement capital built up by buying a growth stock mutual fund. He recommends an annual purchase of enough mutual fund shares so that the regu lar dividends on those shares will normally pay the interest on the insurance loan, and suggests that, if necessary, one take them in cash for this purpose. Special, or capital gains, dividends on the mutual fund shares are reinvested, and with their increase in value and that of regular purchases one should build funds for retirement much faster than through an old-style annuity, he says. The Result Holbrook says that if infla tion speeds up, the growth of LONG VOYAGE HOME Caro, Mich.-tIPD-Talk about carrying coals to Newcastle. Mrs. Edna Taylor, who grows and sells African violets, to day filled an order from Nat al, South Africa. common stock mutual fund shares should speed up faster. If inflation curve levels off, the mutual fund shares won't grow as fast but the insurance dollars will buy more. And if deflation should come again some day, one can always sell off his mutual fund shares, retire the loan, and convert life insurance policies into annuities. This all sounds pretty com plicated, but Holbrook is busy selling the plans and working out the details. He calls it a type of variable annuity. ' Insurance companies, inci dentally, are working on plans to sell variable annuities and one will be hearing a lot OLD SKELETONS FOUND Manila -flJPD- Skeletal re mains of Filipinos who pre sumably lived ages before Ferdinand Magellan came to the Philippines have been dis covered on Cebu Island, it was reported today. about this type of investment soon. Wiesenberger in his discus sion of investing also notes the inflation angle and speak ing of the project of invest ment companies to "convert" large numbers of new invest ors through education, he says: "A well-informed public will naturally turn to the in vestment company idea in even greater numbers in the future." $ $ NEED MONEY? come to I PACIFIC INDUSTRIAL "MONEYLAND " S $ -where it's almost fun to bor- row money for Fall expenses, 1 vrompt, courteous pf I personal loans and new ' oruseacarjinancmg 16 S. Central SP 3-5308 JIM ELBERT, Manager $$$$s$ss$sss$ssssssss$ss DRASTIC SOLUTION Cleveland -(UPD- Four-year- old Edward Sokolowsky had a few bad moments Tuesday when police and firemen, un able to remove a pair of hand cuffs he had snapped to his ankles, took him to a fire sta tion for a bigger hacksaw. "He thought they were going to cut off his legs," said his mother, Mrs. Arlene Sokolowski. Use of Sidewinders Said Grave Matter Moscow (UPD The Soviet press said Tuesday that Na tionalist Chinese use of Amer ican Sidewinder air to air missiles was an "exceptionally grave" matter that would bring "counter-blows." A Tass news agency report from Peiping distributed to day reported the Nationalists had made 142 sorties in American-supplied planes us ing the deadly missiles for the first time in action. "The Chinese People's Lib eration Army will deliver a counter-blow against Chiang Kai-shek's air force in con nection with this criminal ac tion," the Tass dispatch said quoting the Chinese Commu nist Defense Ministry. There, was no indication of when, where or how such retaliation might come. Pear Bureau Picks Merchandising Man Portland -(UPD The Oregon Washington - California Pear bureau announced Tuesday that M. L. McMahon has been named merchandising director of the organization, with of fices in Portland. Richard A. Patterson, bur eau general manager, . said McMahon would direct field representatives supervising all winter pears merchandising programs. The post is a new one, Patterson said. McMahon formerly was sales promotion manager of Calavo Growers of Californ-. ia. ( can help you fj!U;Y J I j XJ $400 )W- . amonthy ; vTT)77nrNl ULrxXrdU gam LXJ hm Social Security andor other pension plans pay for necessities only. To enjoy the extras, follow Equitable's Luxury Retire ment Plan now, during your earning years. Then, when vou retire, the monthly Eaui- table check supplements Social Security so you can do more than lead a hand-to-mouth existence you can travel or pursue bobbies to your heart's content. Your Equitable man will be glad to help yon plan your Luxury Retirement. Consult him or scad the coupon there's no obligation. JIM METZ 1310 Ridgeway Medford, Oregon Phone: SP 2-4294 EQUITABLE SAYINGS & LOAN ASSN. Equitable Bid'., Portland 4, Oregoa Please send folder ea yew Lauuy Seto-nest Plan. Electric Sander & Polisher Reg. 24.94 Electric Drill M Reg. 19.88 Electric Paint Sprayer Reg. 12.95 Electric Jig Saw Reg. 29.95 Roof Cement Quart Roof Cement Gallon Roof Coating Quart Plastic Storm Windows Each .. Trouble Light Reg. 2.20 Rural Mailbox Reg. 3.35 ... Rez Sealer and Primer Quart Night Latch Reg. 2.19 Rubber Weatherstrip (17") Masking Tape Reg. 98c Stanley Vise Reg. 5.75 Steel Sandpaper Reg. 75c Stanley Surform File Reg. 2.69 Republic Latex Wall Paint. Reg. 6.29 Gal. Republic Latex Wall Finish. Reg. 1.85 Porch and Floor Enamel Quart . Semi-Gloss Enamel, Republic Quart Grill & Waffle Baker Reg. 29.95 Silicone Iron Pad & Cover Reg. 2.98 .... Bowling Game Just Regulation Basket Ball Reg. 4.95 ... Earphone Radio 20 Gallon Garbage Can Reg. 4.45 Fireplace Screen & Tools Reg. 25.95 Lasalle Electric Heater Only Deer Bags Reg. 1.00 Hunter's Lantern Reg. 5.00 Carbine Gun Case Reg. 6.00 Rifle Gun Case Reg. 6.00 . Hunting Axe Reg. 3.50 Boys' Axe Reg. 4.70 Hunter's Saw Reg. 2.95 Eveready Flashlite Reg. 1.29 Hunter's Alarm Clock Reg. 2.98 Hunting- Knives Values to 6.00 - 3-Piece Waffle Set Reg. 3.95 SALE PRICE 18.88 14.88 9.88 23.88 .38 . 1.18 .88 .33 . 1.58 1.98 1.45 1.58 1.88 . .68 2.88 I ... .58 1.88 4,88 1.48 1.98 2.14 17.88 1.48 4.88 .2.88 3.68 .2.88 16.88 24.88 . .68 .3.98 .3.88 3.88 2.88 2.88 2.18 .98 1.88 2.88 I 2.88 I IRONING BOARD Iron sitting down 10 height adjustments What a bargain! All medS ventilated top- for cooler SV' ironing. Easy opening and sC closL I I BRA5S I tm I MAUNCIIl I " " I FAN OPENER I TRAY SET I MAKE Siskiyou Hardware Your Headquarters for WOOD HEATERS! o i! jMf 1 1 ' The famous Oakland $133's Large Size Automatic Small Size Priced from Automatic 95 95 $125 95 METAL LAWN RAKE Reg. $2.25 value. 22 spring steel flat tine teeth 1 JO I WO BRASS WASTEBASKET Reg. $1.98. Gleam ing lithographed brass finish with hammered embossed design. T in al JIW lu1.38 (S L18 I 1 - x Reg. $6.95. Magnetic lid lifter holds cut lid. Swings against walL Special 3.88 I 1 4 PIECE T-V TRAY SET Reg. $15.95. King size trays hold a I complete dinner set- I :- Co design Special 27 GALLON GARBAGE CAN Regular $6.15. Made exclusively for Home Town Hardware stores. Factory pur chase. 4 OA FLAW DISTINCTIVE ELECTRIC CLOCK Reg. $7.00. Lime Oak wood grain ef fect. Diameter 10". Copper-tone trim. Pls A CQ tlUU STORM WINDOWS Kit contains 36"x72" plastic sheet; mold ing strips and nails. Itm SnecL.1 V PLASTIC COVER Reg. $1.10. Size 9x12 ft. Use for storm windows; cover shrubs, etc JTO. Special -r 00 I OO I Special I I Reg. PORTABLE MIXER $16.95. Hamlt- I ton Beach. For every I mixing job. Ouaran- I I teed 5 years, ft QQ . Special y00 J HUNTER'S SPRING ALARM CLOCK Reg. $2.98. Ivory case and face. Plain numerals. Reliable. QQ Ilk - 5 ' ' "The IHVUffMI IV 1 I DRAINBOARD HUNTING KNIVES YOUR CHOICE I Values to $6.00. Pop- I ular assortment. Stag I handles; leather I 2.88 j STAINLESS FLATWARE . Compare with sets selling for $15.95. Stainless steel. Star pattern. OO Special O.OO DRAINBOARD MAT IRONING BOARD COVER I 1 Reg. $1.39 value. I Reg. $1.49. Silicon Rubber; cushioned. treated; scorch resis- Size 15"x20". Pro- I tant. While tects. OO J lasts. Special OC , Special supply 88c j PUMP OILER 'Reg. $1.50. Handy 5 oz. size. Pumps oil , anywhere. Special fejfl pSSS:Sii- -SIN 88c Available A. Low $5450 o $3450 Terms Silicone Ironing Board Cover Set Open End Wrenches Aluminum Broiler Pan Stove Mat rubber Pump Oiler Sink Mat rubber Drainboard Mat rubber Cutlery Tray plastic Copper Measuring Spoons Salt and Pepper Jam Pot Spatter Proof Lid Ring Mold Cream and Sugar I . .I ll ..- I I. (X, - A. Thermostatically Controlled Wood Heaters This is the DeLuxe dependable self-controlled wood heater manufactured in the Northwest especially to burn our North west wood or pressed fuels. See them exclusively at Siskiyou Hardware. BIG HUSKY j ELECTRIC HEATER . Reg. $10.95. Power t ful fan forces heat to all corners of the DOOR BOTTOM I I I Special 7.88 Reg. 45c. Brass plat- I ed; felt edge. Width 36"; with j)- I screws. Spec-OC I STUDENT'S LAMP I Reg. $3.98. Heavy J plastic shade and I base. Flexible arm. I Weighted ) QQ . base. Spec. -00 J MEASURING SPOON SET Coppertone finish. spoons with wall rack. Very handy. J TRI-PAK GUN CLEANING KIT P 2 Art 17A. 1 I .270, and .30 calibre. I WE ACCEPT TRADE-INS Special Crushes, cleaning nil. . 88c.IScuil.98 I I I S&H GREEN STAMPS, TOO! U-HAR R1 ; i 1 225 West Main St. Phone SP 2-2939 ft Addre.