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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Nov. 20, 1958)
4 MAIL TRIBUNE. MtdforJ, Or., Thurwlay, NovtmW 20, 1 958 Body of Actor Found in Sports Car Wreckage Hollywood - (UP!) - Tom Pitt man, 26-year-old moody actor who died in the crash of his sports car, today -was being compared with the late James Dean who met a similar fate. Pittman, missing since Nov. 1, was found dead Wednesday in his powerful sports car at the bottom of a deep canyon. Police theorized .the speed loving actor failed to nego tiate a curve and his car plunged end-over-end into the 300-foot canyon. Windshield Penetrated An eight-foot length of guard rail had penetrated the car's windshield. His body was found by Of ficer Roy Kerton who noticed the broken guard rail and in vestigated. He said Pittman's body was lying partly out of the car which had come to rest on its side. "We lost a great talent with the death of Tom," RKO Pro ducer Sam Fuller said. "You " will hear a great deal about his last picture." Fuller said Pittman had just completed his most im portant movie role in the film "Verboten." Fuller, who pro- duced the film, said it was to be released soon. "Pittman, like James Dean, , was moody and seemed to care most about racing his powerful Porsche Spyder-the same kind of car in which Dean met his death. Society Scorned Like Dean, he seemed to have little need or desire to observe the conventions of so ciety. "He was a kid who never owned a suit,' said publicist Jess Rand. "I asked him why once and he told me, 'Why should I? I never go any place where you have to wear suits. "He never drank to excess or went to premieres or big splashy Hollywood parties," Rand said. "He just loved fast cars." Pittman was divorced and the father of a boy. State Officials Defendants in Suit Salem-fl'PD-Gov. Robert D. Holmes, Gov.-Elect Mark Hat field, State Treasurer Sig Unander and State Banking Commissioner J. F. Slade have been named defendants in a Circuit Court test case of the Oregon consumer finance act.' Joseph D. Fulop, Portland businessman, has challenged the constitutionality of the act. An application to operate a .small loan business, the Economy Finance Company, was rejected by Slade. Holmes, Hatfield and Unan der make up the State Bank ing Board. Fulop said the act was an attempt to relegate legislative authority to an administrative official. PLEDGING closer relations with United Arab Republic, Lt Gen. Ibrahim Abboud, army commander, seizes control of Sudan. He is friendly to Egypt's Nasser. Medford Man Injured In Motorcycle Crash Gerald Richard Gould, 22, of 15 Stewart ave., Medford, was injured about 8 o'clock last night when the motor cycle he was riding went out of control and fell on him, ac cording to state police. The accident happened on Sterling Creek rd. The motor cycle struck a small rock in the road, and Gould lost con trol, police said. He was tak en to Rogue Valley hospital by Medford Ambulance service. You're "of your best I anywhere you go Turn to Sonotone's latest eye glass hearing aid for good looks, smooth hearing. Slim-trim tem ples for both men and women. Only eyeglass hearing aid with exclusive AVC (Automatic Volume Control) to soften sud den, loud noises for your listen ing pleasure. Also latest Tuck-A-Way" styles for those who don't wear glasses. COME IN. SEE AND HEAR SONOTONE C. R. Adamson, Mgr. 139 E. Jackson SP 2-5904 Jazz Pianist Fined for Assault On State Trooper Wilmington, Del.-(CPD-Pian ist Thelonius Monk, a pioneer in jazz's cool school, was fined $110 and costs Wednes day night for pounding the ivories of a state trooper while a baroness looked on. Monk was found guilty of two counts of assault and bat tery against Delaware State Trooper H. Thomas Little, which cost him $50 each, plus $10 and costs on disorderly conduct charges. Narcotics Charged The pianist was arrested last month along with Charles Rouse, a cool saxophonist, and Baroness Kathleen Rothschild Dekoenigswarter of New York. At the time, the three also were charged with posses sion of narcotics and held in $50,000 bail each when police found a tin can full of mari juana in the baroness's lug gage. The baroness and her cool friends were arrested after driving up to a Wilmington motel in an expensive auto mobile and allegedly getting into a row with the wife of the motel manager. Trooper Little had charged that Monk assaulted him after police ar rived. The three later were held on the narcotic charge for the common pleas court but Monk, hospitalized after col lapsing in a New York train station, was not present at the hearing. Racer Free on Bail After Beating Wife Norwalk. Calif. -(LTD- Troy. Ruttman, 28, winner of the 1952 Indianapolis speedway classic, was free on $250 bail today following his arrest on charges of felony wife beat ing. Mrs. Beverly Ruttman, 27, mother of the race driver's thr children, telephoned sheriff's deputies Wednesday from a relative s home ana complained that her 6-foot, 2 inch, 210-pound husband hit her in the face and body with his fists. Ruttman admitted fighting with his wife, deputies said. "I guess she just said she was mad at me and I said I was mad at her and away we went," Ruttman told deputies. Boy Scouts Pack 4 Oak Grove-West Side Cub Scout Pack 4 will meet in the Oak Grove cafeteria at 7:30 pjn., Thursday, Nov. 20. Scouts are asked to bring old toys to be taken to the fire station to be repaired for un der privileged children. Entertainer Tells Of Premonition' Los Angeles -UPD- Enter tainer Phil Harris said he had a premonition Wednesday minutes before he received minor injuries in the crash of the taxi in which he was rid ing and another cab. "I had a feeling, a premon ition, that something was go ing to happen," said Harris. "So when I saw the crash coming I just put both feet up on the back of the front seat." The 51-y e a r-old former band leader and husband of actress Alice Faye received only bruises of his shoulder and ankle. Mrs. Florence E. Feldner, 44, driver of the other car, was taken to Hollywood Re ceiving hospital with possible head and back injuries and cab driver Charles Schooley, 62, was treated at the scene for minor head cuts. Swedish pioneers establish ed settlements in New Jersey in 1638. Rights of Stockholder Fall Shorter Than One Imagines' By ELMER C. WALZER UPI Financial Editor New York-fUPD-With stocks in big demand 'by the little fellows who make the big markets, the cry goes up all over the na tion: "I am a stockholder. I an owner the corpor- I am t atinn ' Theoretical ly he who shouts that is Eljier Waizer right. The common stock represents own ership of a corporation. Bonds represent debt and the bond holders must remain mum un les. there's a default and then they take over. But what are the rights of the stockholder? Do they re semble those of the citizen who says, "I am the govern ment." There is a resemblance in the rights of the stockhold er and of the citizen. Each has voting rights. Neither is like the king who said, "I am the state." In the case of the listed companies none can say, "I am the com pany." The magazine Business Week. holds that the rights of the stockholder fall far short er than one imagines. Even determining what these rights are is a tricky job, says the magazine, explaining the rights come from several sources state law, the com pany's incorporation certifi-' cate and bylaws and Securi ties & Exchange rules. In addition to the right to attend meetings of stockhold ers and to vote for directors and other items put up for stockholder vote, the share owner can do a few other things. Some Rights He can demand an annual Youth Electrocuted On Tillamook Job Tillamook -UPD- Gilbert L. Selby, 19, formerly of Sweet Home, was electrocuted Wed nesday while working at the Diamond Lumber company. Selby was using a steel rod to clean out a sawdust pipe whigh was plugged. As he raised the rod out of the pipe it came" in contact with a high voltage power line. The high voltage passed through his body, killing him. Efforts to revive him by ar tificial resDiration failed ' Selby had been staying with his brother, Roy, of Bay City. Implied Consent' To Test Favored Salem -(UPD- The Oregon Traffic Safety commission Wednesday went on record unanimously as favoring "im plied consent" to chemical tests to determine" the alcohol content in the blood of a per son arrested for driving while under the influence of liquor. Attorney General Robert Y. Thornton submitted the motion. Implied consent means that by merely getting a driver's license, the driver gives his consent to the blood alcohol test. Now a driver must sign a paper before the test can be administered. Commisison Chairman Har ry Swanson referred the mat ter to the commission's oper ating committee to determine the next step in the process of submitting a recommendation to the next session of the legislature. "Never mind the safe, I know where he keeps his SANTIAM GREEN BEANS J3p -J'"'- jC1 HH3 VMM mm E33fiD meeting if for some reason the company fails to hold one. And in ' certain situations he can demand a special meeting. But, says Business Week, "be prepared to back up this de mand with a law suit." Other things the stockhold er can do, include, according to the publication: He can demand to be noti fied in advance of a meeting (usually 10 to 40 days). He can demand that a quor um of stockholders be present or represented. i He can demand the right to speak within reason at any meeting. "One warning though," says Business Week. "You may have rights, but the board chairman has lots of lat itude on running the meeting and there are cases where stockholders' requests to speak were never recognized." The stockholder, if he can not attend a meeting, has the right to be represented by an other called a proxy. The amount and type of in formation a stockholder can force a company to give him are much debated topics it is noted. ', 'A stockholder may demand the right to inspect the stock holder list, but he probably will have to go to court to show his purpose is consistent with company welfare. Without Results A stockholder cannot, get the corporate information given a bank to obtain a loan. You cannot force the company to mail you the annual re port, but the New York Stock Exchange can and does. What about protection from the Securities and Exchange Commission? . "Here, too," says Business Week, "there's a wide mis conception among investors. Generally, no protection is af forded except in cases of com panies listed on an exchange1 and even then, protection is limited. "True, SEC requires listed companies to disclose much in formation'. But as a practical matter, the individual stock holder must 'carry the ball through his voting rights, or in extreme cases to the courts." Corporations, incidentally, aren't too tough on stock holder demands. They are veering to his side as a matter of good public relations policy. But here the move is gratuitu ous. The stockholder rights still are limited. Journalistic Group Opens Convention San Diego, Calif. -(UPD-The 49th annual national conven tion of Sigma Delta Chi, a professional journalistic fra ternity got underway here to day. The session opened with a general . business meeting, presided over by national president Robert Cavagnaro of San Francisco. Some 400 newsmen and . undergraduate journalism .students.. were at tending the convention at the U. S. Grant hotel. Following registration.' of delegates Wednesday, a pre convention cocktail party and reception was given at the Kona Kai club by James S. Copley, publisher of the San Diego Union and Evening Tribune. The convention was sched uled to last through Saturday. GETS OLD POST Santiago, Chile-flJPD-Alf onso Grez, who was Chile's consul general in New York during World War II, has been re appointed to the post. RETIRED BISHOP DIES Charlemont, Mass.-(DPD-The Right Rev. Charles K. Gilbert, 80, retired bishop of the Protestant Episcopal Diocese of New York, died Tuesday after a long illness. Dr. Feller Attends YMC A Conference Ashland Dr. Alvin Fellers, Southern Oregon college di rector of student affairs, was keypote speaker for the YMCA conference in Happy Camp High school Nov. 15. His topic was "Challenges of the Changing World." Dr. Fellers was accompan ied by SOC students, Mrs. Inventor dies. . Sanford, Fla.-flJPD-Col. Greg ory J. Kessenich, 62, inventor of the "bazooka" portable anti-tank -weapon used in World War II, died Wednes day. 1 Audrey Lytle and Ben Kil pack, who participated in the featured panel, "Youth in a Changing World Are You Prepared". During the afternoon's pro gram, the three SOC represen tatives served as resource people for another series of MEDIEVAL GRENADES Passau, Germany -UPD-Earthen vessels found here by children last week have turn ed out to be "hand grenades" dating back to the 15th cen tury, officials of the German museum in Nuernberg said today. panel discussions: Sodal," Ben Kilpack; "educational, Mrs. Lytle; and "Where Do We Go From Here?", Dr. Fellers. Change Your Rooms with MIRRORS All Sizes in Stock Phone SP 3-3613 SELBY GLASS CO. 303 North Bartlett Deviled eggs delicious wrfcb LOCAL FARM FRESH EGGS Guaranteed fresh! 1 tSFFk FOR YOUR HAPPY IT'S JUST AROUND THE CORNER ; SHOP OK MARKET and HAVE THE BEST OF EVERYTHING! 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