J
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.