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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Dec. 17, 1958)
5 in. ELEVATED Philadelphia's John Cardinal O'Hara Heft) listens while the papal document elevating him to cardi nal is read aloud to him at the North American College in Rome. He was one of 23 new cardinals created by Pope John. Neuberger To Suggest Major Changes in Bill Portland -UPD- Sen. Richard L. Neuberger (D-Ore.) said to ' day he would recommend three major changes in his bill for a Columbia River De velopment corporation as a re sult of testimony at hearings held in the Northwest last week. He listed the changes as: 1. Make the general mana ger of the corporation an ap pointee of the five-member board of directors rather than of the president. 2. Make the bill's language emphatic that the regional cor poration isn't authorized to own, build or condemn hydro electric power dams. "We are going to stipulate definitely that the corporation could not go out and construct its own dams which were without the customary authorization by Congress." More Flexible . 3. Make terms of the bill pertaining to cooperation with non - federal power projects more flexible and less rigid and demanding. Neuberger said the hearings had fortified his faith in the bill's amendment of the public-power preference clause, which would prevent any one state from having "an unrea sonable geographic concentra tion" of power sold by the re gional corporation. He said if one state cannot monopolize the power "then it inevitably follows there will be ample energy for all four states (Ore gon, Washington, Idaho and Montana)." Acme Hardware STAINLESS STEEL With Magic Radiant Heat Core I COOKWARE ( BAKEWARE Sfefe5T 1 UTILITY V7 X BOWLS V VsJ serv,ng s yf p,eces Lowest Prices in Town Free Gift Wrapping Free Lay-away Storage SPECIALISTS IN 245 S. Central at 10th "A University May Acquire Landmark Portland-flJPD-An old land mark near the University of Oregon in Eugene -the Odd Fellows cemetery - may be come part of the campus. The State Board of Higher Education Tuesday approved a plan to seek legislation which would authorize vaca tion of the cemetery. The Uni versity wants the land as part of its site development pro gram. Six Accused Of Burglaries Tillamook (UPD Three members of a sextet accused of burglarizing several homes on the Oregon coast appeared in Circuit Court here Tuesday before Circuit Judge Jack Bohannan and pleaded guilty. Billy and Evelyn Roberts, both 24, and Duane Ryan, waived their rights to an at torney and admitted the charges. State Police Captain Vayne Gurdane testified that sever al thousands of dollars in goods was taken from homes from September to the end of November, when the group, was arrested. A fourth member of the group, Delmer LeRoy Daniels was being held in the Tilla mook county jail. The three were specifically charged with entering 14 homes in Neskowin Dec. 2. Two other alleged mem bers of the gang are in cus tody in Tacoma. The six also are wanted in Washington for burglaries in King, Pierce and Thurston counties. Your family Open Till 9 p.m. Every Night This Week! Plenty of FREE Parking HOMEWARESI Phone SP 2-5201 !$() "m Floating S Too Small By ELMER C. WALZER UPI Financial Editor New York -JTPD- Wall Street looked upon the remarks of Stock Exchange President Keith Funston brins a reduc- i tion in the cap- jr ital gains tax. Funitnn. J fore Minne- EUner Walzer apolis Junior Chamber of Commerce, said the stock market mirrors a shortage of stock presently available to meet investor needs. There presently are some five billion shares listed, valued at S250 billion. That's a lot of stock but it is a fact, as the experts note, that the floating supply is small - too small for the market's good. Funston notes one can buy a stock if he is willing to pay the price, but when the sup ply is small he often must bid high for his stock. And when he wants to sell he also may encounter a thin market which might bring a sharp decline. One reason for this short age, Funston explained, is the demand evidenced by individ uals and institutions who have confidence in the ability of the nation to grow and who also want to hedge against infia tion. Another Reason He gave as another reason, "our antiquated and totally unrealistix tax laws, particu Balmy Weather Snaps Cold Spell In Middle West By United Press International Compartively balmy weather spread Over the na tion's midsection today, snap ping a prolonged cold wave by lifting temperatures above tne ireezing marK ior me iirsi time in nearly two weeks. However, the chilly grip of winter maintained a stubborn hold on the Southeast during the night and a new snow storm, powered by Arctic blasts, raced across the North ern Plains into the Upper Great Lakes. The warming trend began Monday in the Central and Southern Plains, advanced into the Midwest Tuesday, and was expected to reach the At lantic Coast today. Florida Cold In the meantime, readings dropped to 34 degrees in Tal lahassee, Fla., early today un der the influence of the linger ing cold air. At the same time, Pierre, S. D., had a compar able temperature of 33 de grees. As the warm air advanced across the interior, tempera tures shot up to 70 degrees in Northern Texas, Lincoln, Neb., had a high of o8 and Pickstown, S. D., recorded 51 degrees. Temperatures were expect ed to range in the 40s and 50s today from the Central Plains across the Central Appalach ians into much of the East. Quadruplets Born In San Francisco San Francisco-flJPD-The 22-year-old wife of a Navy ma chinists mate gave birth Tuesday to her fifth child . . . and sixth . . . and seventh . . . and eighth. Her 20-year-old husband ad mitted that he was "pretty shook" by the news. The mother was Mae Cur rington, formerly of Houston, Tex. She and the quadruplets three boys and a girl are doing well, according to doc tors at Letterman Army hos pital. The father, Delano, said they were told in September they could expect a multiple birth. "I like to fainted when they told me," he said. "You can't say you want such a thing but when it comes about, you're pleased and happy." The Curringtons have four other children, born to Mrs. Currington by a previous mar riage. They are aged 7, 5, 4, and 20 months. The smallest of the quads was the little girl, who weighed 2 pounds, 11 ounces. The three boys weighed be tween four and five pounds each. Now Many Wear FALSE TEETH With More Comfort FASTEETH. pleasant alkaline (non-add) powder, holds false teeth more firmly. To eat and talk In more comfort, just sprinkle a little FAS TEETH on your plates. No gummy, pooey, pasty taste or feeling. Checks "plate odor" (denture breath). Get FASTEETH at any drug counter. i 1 tis VP? 6 akt M r upply of Stock Said for Good of Market larly the capital gains levy." These laws, he said, "have caused investors to lock up billions of dollars of stock, rather than pay the whopping capital gains tax penalty lev elled against successful invest ments." He would reduce the hold ing period for long-term capi tal gains from six months to three, months and cut the "penalty on successful invest ing" from a top of 25 per cent to 12Vi per cent. Last session of . Congress saw a bill introduced along these lines by Earl Wilson (R Ind.). He had planned to re introduce the bill in the 86th Congress provided a contem plated survey would show the Treasury would gain rather than lose revenue by the leg islation. He was defeated in the recent election. Now James B. Utt (R-Calif.) stands ' ready to introduce' a similar bill. He recently made that known to William Jack man, president of the Invest ors League which has been working for such legislation for a long time. "I personally am firmly in favor of the objectives of this legislation and will personally introduce it in the 86th Con gress," Utt said. STORE HOURS: 9:30 to SATURDAY: MMmmmmmsmmm dfatfE f Gift Certificates W so christmas-new, so christmas-right-od-fashioned savings spdS I In Si and $5 denominations 1 -kTLU ' 1 S . fa) m- JL fs1 Candies for your. tree, gift-giving, or just for stay-at-home nibbling! 1 ! ruanii it n.ufl SALE! Handsome 24x36 inch all-cotton scatter rug, now Attractive geometric design. Washable, with rubberized back.' Sandalwood, pink, gray, green and white. 27x48" size.... only 2.66 SHOP TODAY, SAVE The bill as drawn up by Wilson provided that the rev enues coming from the capital gains taxes be applied to re duction of the national debt. It is believed Utt will make a similar provision in the bill he presents.. Funston also favored an op tion in the tax law that would permit an investor to sell a stock in which he has a long term capital gain without in curring an immediate tax, if he fully reinvests the proceeds in a single stock investment within 30 days. He also favored modifica tion of the double tax on divi dends. He would free the first S100 of dividends from taxa tion rather than $50 as at pres ent and raise the dividend tax credit from 4 per cent to 10 per cent - and eventually to 20 per cent. He indicated also that he favored, use of more credit for stock market purposes. "We happily encourage peo ple to borrow in order to buy -90 per cent for a house, up to 75 per cent for an automobile, 100 per cent for a washing machine - but we virtually prohibit borrowing for the purpose of saving and invest ing in the companies that pro duce these products," he said. 9 THURSDAY AND FRIDAY 9:30 TO 5:30 Z - - It - iiFWkwnvft DeMETS TURTLES Chocolate coated car mel pecan candy. 14 oz. Box 1.59 BRACH'S CHERRIES Yummy cherries cov ered with milk choco late. Box 690 CHOCOLATE SANTA Solid milk chocolates treats! 12 in a box. Box 990 BUNTE CANDY "Diane" hard candies with assorted soft fills. 3 lbs. 1.49 HARD FILL CANDY Stays fresh in gift sewing box. Reg. 1.69. 3 lbs. 1 .26 FINE CHOCOLATES By Martha Washing ton in Xmas gift tins. 2 lbs 2.66 SALE! DESK WITH PLASTIC TOP Big 23x44' top. Dark erlightwood- grain finish. OT.OO SALE! FREE-FORM MODERN TABLES ' Coektol, step or end tables. Gray or parchment 22. 88 1 77 EACH TO SUCCEED MAO? Chinese Nationalist sources on Formosa have predicted that Marshal Chu Teh (left) will replace present Red Chinese Premier Mao The Tung (right) as the leader of Communist China. (The source attributed the prospective change to popular discontent over a new labor system and the failure to capture the Quemoys. Lumbermen's Body Portland-IUPD-Henry E. Bal dridge was reelected trustee of the Columbia Basin district of the Lumberman's Indus trial Relations council at the group's annual meeting Tues day. Baldridge is with Pub lishers Paper company of Ore gon City. E. M. Boddy of Crown Zel lerbach corporation, Port i Now! Your boy can build with Structo's 5-piece exciting workmg scale models! J 26 Yi" power shovel, 1 8" road grader, 16" dump truck plus 2 U road barriers. All rugged steel yi with authentic finish! 85 PARCHEESI GAME FOR FAMILY FUN! Beard, 8 die, die supt, directions, ' compltl ' - 1 ,66 Z0RR0 MASK AND STICK HORSE Ideal horse for gettin' bod guysl Plastic head. 7oC cU:i;kiKlSiiifeii wySziMmMmmm miiAsmmmmm New! Floating satellite train set Wj5 . . . USE WARDS CONVENIENT CREDIT Reelects Trustee land, was named alternate trustee to succeed C. E. Nich ols, also of Crown Zellerbach. TIDA LWAVE STRIKES Huasco, Chile -(UPD- A tidal wave carried away more than 45 yards of the sea wall in the harbor area of this north Chil ean port Tuesday, causing con siderable damage to the docks but no reported casualties. turnpikes Blast-off station set! rockets high into R 1Q 9J Turn crank to fire either 6V1 ' rockets or 4 Vi" satellites from A AA steel launching base with au- O.DD ,tlen,!c design. Radar scanner . turns to track "skv". CHINESE CHECKERS 15 METAL BOARD Automatic closure for 60 marblotl Hours of fun I 1 .56 BINGO WITH EJECTOR BOX 50 cards, plastic cad numbers, com- plot gamol 76C SPRING HORSE WITH STIRRUPS 23" high at plastic saddle. Steel spring action. 1 7.66 DOLLY'S OWN BATHINETTE Steel frame, leak proof, plas tic tub. MAIL TRIBUNE, KUdfenl, Ore., rrt r r i i i utjng tapiureu in Portland (UPD Policeman Bob Helm said today he cap tured three members of a "gang" which took the stock of about 30 Christmas wreaths from the Double-O craft shop for handicapped young people. Helm said the three gave their ages as 5, 6 and 8. He OPEN TOMORROW UNTIL 9 P.M. LAWRENCE'S YOUR FRIENDLY FAMILY STORE Soecializing in Fine Silver, Diamonds and Watches 130 EAST MAIN EST. 1908 Now In Our Fiftieth Year! launches air! r ) e nunr destroy enemy missiles! 2 ti.it rcW'9h ho 20-ft. beam! JP BQQ Realistic truck is 27' long in H-ifl red and blue plastic LOTS OF FUN I 49" P0G0 STICK Holds up to ISO lbs. . HooHnful . lords. . 4.V6 i m tm i -Tit it.iwv SALE! 5.98 ROSE TREE LIGHTS! Onty at Wofdsl 24 pmkorred A 2.66 ' ' '.-'- Wednesday, December 17, 1958 7 in il TL.fi meaui ineiis said the parents would make restitution. Santiago, Chile -(UPD-Man uel A. Carreton Walker, 49, a founder of the National Fa lange (Now Christian Demo cratic party), died here Tues. day night. Mobile anti-missile truck fires missiles 1,2 or 3 at a time! Re. 6.95 REG. 5.95 HOCKEY GAME 36 x 24" board M sticks and puck. Hours of funl -OO 2 i STURDY 3-LEG TREE STANDI Easy to set tree st right in grees) LJLm tleel stand. space engine, searchlight car . satellite compressatron car exotic fuel car, tender track and electric transformer PLANS! . .' .v.. - v.
