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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Nov. 12, 1958)
In the Day's News By FRANK JENKINS I suppose you've heard (maybe a thousand times) the well worn crack to the effect that "everybody TALKS about the weather, but no body DOES anything about it." It is generally accredited to Mark Twain, but the modern consensus seems to be that Samuel Langhorne Clemens (Mark Twain was just his pen name) didn't say it. Unfortun ately Bartlett, who is the ac cepted authority on who said what, leaves it out of his Fa miliar Quotations, which is the book we all turn to to set tle bets. Anyway, what I started out to say in this piece is that aft er all these centuries there is increasing talk in these mod ern days of DOING SOME THING about the weather. ONE proposal for changing the earth's heat balance, thus altering its weather, is to blacken the Arctic ice pack with a thin film of carbon. Carbon, you know, is black. As everybody is aware, black absorbs heat. White tends to reflect heat. If you want to test it out for yourself, put on a black shirt some summer day when the thermometer is registering high up in the 90's and stand out in the sun. you'll be practically fried to a crisp in a few minutes. If you'll then take off the black shirt and put on a white one you'll feel the difference quite shortly. Your tempera ture will drop. The theory is that if the snowy Arctic wastes were covered with a coating of carbon black, it would MELT THE SNOW. Not only that. It would MELT THE GLACIERS assuming that the treatment was con tinued long enough. Melting the Arctic ice would change the earth's cli mate. It's just that simple. ITS simplicity is explained by Dr. Harry Wexler, who is director of meteorological re search of the U. S. weather bureau. He is also the chief scientist of the U. S. Antarctic research program. In an article published re cently in Science (a journal devoted to scientific subjects) Wexler says it would take about ONE AND A HALF BILLION TONS of carbon. The carbon, he adds, could be laid down on the Arctic ice by low-flying airplanes. He esti mates it could be done in about one and a half million flights by Air Force Globe masters lugging ten tons of carbon each per flight. . After that, it would be up to the sun. I THINK maybe we'd better stop there. We're getting into big fig ures. BUT In conclusion Consider this: FOR THE FIRST TIME SINCE THE WORLD BEGAN, IT IS WITHIN THE POWER OF MAN TO ACCOMPLISH THIS FANTASTIC TASK THAT WOULD ALTER THE CLIMATE OF THE EARH. That is a sobering thought. Johnson Support By Democrats Seen Washington -(UPD-Sen. Wil liam Proxmire (D.-Wis.) said today he expects the Senate's big crop of freshman Demo crats to close ranks behind Democratic Leader Lyndon B. Johnson. Proxmire, .who lined up with the Senate's liberal wing during his one-year short term, won a full six-year term last week in the once solidly Republican state of Wiscon sin. Proxmire paid tribute to Johnson's ""excellent leader ship" and said he believed the Texas Democrat's views "re flect the dominant majority of the Democratic party." He said Johnson's 12-point legislative program should re ceive the support of the 13 new Democratic senators who will take their seats at the opening of the 86th Congress Jan. 3. Pope John Receives Canadian Minister Vatican City (UPD Cana dian Prime Minister John Die- fenbaker today was received in private audience by Pope John XXIII in the papal studio in the Pontiffs first audience with a head of gov ernment. The audience was informal and lasted 10 min utes. Diefenbaker was accom panied by his wife and their son, Elmer, Why Buy TWO When ONE Will Do? Terms to Suit Your Budget SSs i -, . 1959 Philco-Bendix DUOMATIC WASHER-DRYER Costs less than an Automatic Washer and Dryer Together! AS LOW AS 38S 11 , ml AT CHIN UP SHOW-The Shadows, popular singing group from St. Mary's High school, will present a half-hour program at the Chin Up club hobby carnival at the Girls Community club Friday at 8 p.m. The car nival will be open from noon until 9 p.m. Friday and 10 a.m. to 9 pan. Saturday. In cluded will be many unusual hobby dis plays, handicraft items for sale and other departments. From left to right, above, are Paul Smith, Dave Mansfield, Tom Newcomb, Bill Smith, Rick Carrara and Mike -Feiss. Tax Experts Warns Stock Men To Remember 2 Time Periods Only 26W Wide TRADE NOW AT . . . 225 East 6th Phone SP 3-5433 By ELMER C. WALZER UPI Financial Editor New York -UPD- Tax ex perts warn earnestly those who would adjust their port folios for, tax purposes to re member well two periods of time thirty days, and six months. These are not - sentences for failure to do something. Elmer waizer They are per iods cf time that rate top im portance in rebuying exactly the same stocks sold for tax purposes. If you rebuy the same stocks within 30 days, you get no tax benefit from the sale made in the first place. The six-month period is the line of demarcation between a short-term and a long-term capital gain or loss. A long term capital gain or loss is a gain Br loss taken on stocks held for more than six months. A short-term one is on stocks held for six months or less. Even though the experts do not expect too much tax sell ing this year, it doesn't mean there won't be any. Many will want to take profits or losses for tax purposes. If they want xo buy back the same stocks they had better begin to think about their trading to accom plish that before the end of the year. The Losses While the averages have shown consistent gains, many issues have not risen with them. Hence many stock buy ers have losses they'll want to take for tax purposes this year. The bears have piled up losses. If they cover their po sitions their realized losses will be big ones. They can take them and offset profits on the bull side, if any. Often stock traders take bear and bull positions simultaneously so this could be a correct con clusion. Losses, either long or short term, can be used to offset profits. If the result is a long term profit, the stock trader can do one of two things: pay a flat capital gains tax of 25 per cent or report half the profit, and pay taxes the regu lar way. ' The 25 per cent limit on the tax becomes meaningful to individuals with more than $16,000 income-$32,000 if hus band and wife filed a joint re turn. - ' If the net result of offset ting losses and 'gains comes out a loss, the loss can be de ducted within certain limits. In event the loss is more than $5,000, that is the limit that can be taken and it must be spread over five years at a thousand a year if there are no capital gains to offset it in the interim. Suppose you want to take a gain or loss for tax purposes and still want to hold the same stocks you have now. The firm of Francis I. Du Pont & Co. has worked that one out. Condon Bull Wins Champion Honors Pendleton - (UPD - , "Real Gold," two-year-old Hereford bull owned by Leo Barnett, Condon, was named grand champion bull at the 6th An nual Round-Up Hereford sale here Tuesday. The bull was sold to Frank and Ruby Hill, Weiser, Idaho, for $1,125. A bull owned by Stanley Crocker, Centerville, Wash., was named reserve champion and was sold to Nielsen Bros., Enumclaw, Wash., for $1,125. Grand champion heifer was owned by Ro-y Robinson, Heppner, and sold to James B. Walfe, Pomeroy, Wash., for $850. CHARGES CRUELTY Santa Monica, Calif. (UPD Broadway Producer Jed Har ris, 59, charged with cruelty in a divorce complaint filed in Superior Court Tuesday by his wife, Beatrice, 30. Mrs. Harris, who estimated her hus band's earnings at more than $100,000 a year, asked for rea sonable alimony. The couple was married April 1, 1957. You can sell your stocks or bonds, wait 30 days and then buy back the same stocks. ; You can sell the stocks or bonds and immediately buy comparable, not identical se curities. After 30 days you may reverse the trade and re purchase the original securi ties. You can sell your stocks or bonds short, buy back the same issues, wait for more than 30 days and deal again. War II Flag Back in Britain Falmouth, England (UPD -The American ,f lag that flew over the U. S. naval base here through World War II is back to help this English town cele brate American Independence Day. It was returned by Cmdr. C. L. Ashley, wartime com mander of the base and now a patient at Bethesda Naval hospital, Md. The City Council said the flag would be flown July 4 over a beach shelter the Americans left as a memorial. Macon, Ga.-(UPD-"The key to successful living" meeting of the Junior Chamber of Commerce ended on an off key note. The 25 participants were accidentally locked in the city auditorium and had to wait 20 minutes for a care taker to arrive and let them out. MEDFORD MOTORISTS! Elderly Couple Auto Crash Victims Cascade Locks, Ore.- (UPD An elderly couple from White Salmon, Wash., met death late Tuesday when their car col lided with another just west of Viento state park on High way 30. The victims were Delbert Henry Sorter, 77, and his wife, Eva, 69. Taken to Hood River Memo rial hospital with undeter mined injuries were Paul Slaughter, 46, and his wife, Ida, 47, Irrigon, Ore. Mrs. Sorter was killed in stantly in the crash and her husband was dead on arrival at the hospitaL - Which of the leading auto insurance companies offers top quality coverage at the lowest cost? The answer is Allstate... and comparison will prove that for the typical driver Allstate value is now greater than ever. Cost comparison with the leading auto insurance companies in Oregon. (Here's an example from the top ten) Rates of many other companies ALLSTATE RATES YOU SAVE 5134.70 103.20 $31.50 TffCSE COSTS si currently in effect for a policy covering Bodily Injry & Property Damage Liability. $10,000$40,000S10,000 limits; $2,000 Medical; $100 Deductible Collision; Comprehensive insurance. Late mode 2- or 4-door sedan such as Buick Special, Mercury Monterey or Dodge Coronet, pleasure use, about 135 miles weekly, all male drivers in family over age 25. You may save even more by switching to Allstate. SEARS KIND OF VALUE. Allstate was founded by Sears, and won more than 4,000,000 policyholders with the same big-volume, low-overhead, quality-for-less prin ciples that made Sears famous for value. Call or stop in soon for all the money-saving facts about Allstate. DOUGLAS H. HINESLY and JOHN J. FRANTZ Sears, Roebuck and Company Bldg. 40 South Central, Medford, Oregon Phone SPring 3-4722 You're in good hands with IMJALLSTOTE ytgr JMwA INSURANCE COMPANIES Federal Crackdown On Top Racketeers Picking Up Steam Washington -(UPD- The Fed eral government's crackdown on the nation's "top 100" rac keteers is picking up steam. Last April 10, the Justice Department announced i t s special drive against the king pin hoods. Carefully, it re fused to name the sinister "100" or state specifically how It was moving against them. "How is the program pro gressing?" United Press In ternational asked the man in charge, Assistant Attorney General Malcolm Anderson, head of the department's criminal division. "We're working hard," An derson replied. "We have a lot of work yet to do." Hush-Hush Manner Beyond that Anderson would say little, since the long - range drive is being conducted in a hush-hush man ner. The department not only has not identified the top 100 hoodlums, but the public may never know the names of all who made the list. Nor will the government say whether charges have been brought against any of them since the drive was announced. The department has a two fold purpose in keeping the names secret to a void, tip ping its hand in investigations and to prevent any allegations at trials that publicity pre judiced the defendants. Anderson said only that the names ; on the list "may" be disclosed sometime . ' after the racketeers have been tried. Actually, the names on the list may change from time to time. Whenever one racke teer is dropped because of conviction, deportation, death or other reasons another will be added. All federal law enforcement agencies are cooperating in the campaign, directed against organized crime an its so-called "overlords." Anderson called illegal gam bling, narcotics and extortion the chief areas in which or ganized crime operates. He said racketeers "have a lot of investments in legitamate enterprises, which they run in an illegal way" as a cover up. One of the tasks of feder al agents is to comb business records on file with the gov ernment to see if racketeers' names pop up. Long Sustained Effort The drive was planned as a long, sustained effort, not to produce quick results. The Justice Department, the FBI, and the Treasury Depart ment's Internal Revenue Ser vice, Narcotics Bureau and Secret Service pool informa tion on the results of their investigative efforts. The Justice Department has named a special group of lawyers and former prosecu tors to analyze and coordinate the information. They have just finished setting up branch offices in New York, Miami, Chicago and Los Angeles. . Anderson said the adminis trative organization of the drive is now ready and we are "working directly at fight ing organized crime." On that score, he said, "We will let our actions speak for MAIL TRIBUNE, Medford, Ore., Wednesday. November 12. 1HI 5 A BARREL OF QUALITY IN EVERY BOTTLE! Today, more than ever, buying milder Old Quaker really makes the most sense... because it gives you everything you ever wanted in a whiskey. - -A 55 Song Writer's Wife Asks Monthly Alimony Los Angeles - (UPD - Song writer Nate Vinrpnt RQ, fe.u wnuac sung uiediiuus inciuae "I'm Forever Blowing Bub bles," was sued for divorce Tuesday by his wife, Ekko, 50. Mrs.' Vincent charged her husband of 16 years with .cruelty and requested $600 monthly-alimony and a share of community property valued at more than $200,000. TO VISIT POLAND Moscow-flJPD-Premier Niki ta S. Khrushchev has accept ed an invitation to visit Po land, Polish President Alek sander Zawadzki announced Monday. 5C JquakerJ Sf OLE SJ QUAKER l!: jjg sjS 1 1"" - iMw'wl OVER 12,000,000 CASES SOLD! STRAIGHT tOUKBON WHISKEY St HOOF OLD QUAKER BIST. CO.. UWtENCEIUK. M. 1 V ; ! 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