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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Dec. 29, 1958)
MAIL TRIBUNE, Medford. Oregon, Monday, December 29, 1938 I 5 Mandatory Controls Against Oil Industry Claimed Nearing KNEELING OUTSIDE CELLS, prisoners in Rome's Regina Coeli Jail applaud Pope John XXIII as he person ally brings spirit of Christmas to inmates. Visit revived custom of Pope Pius IX, who called at prison every Christmas during his pontificate from 1846 to 1878. Quotes From the News By UNITED PRESS INTERNATIONAL Paris-Gen. Charles de Gaulle, announcing an austerity program designed to improve France's financial status: "We have decided, and tomorrow (Monday) we will put into effect, a whole series of financial, economic .and social measures which will put the nation on a basis of truth and verity, the only basis which can permit it to build up its prosperity. Washington-Dr. Benjamin Karpman, chief psychothera pist at St. Elizabeth's hospital, on the repression of sexual drives in the United States: "Our society is suffering from an overwhelmingly impos sible repression of sex. We stilt don't know how to raise chil dren sexually. Sexual repression is the root of a great deal of evil." Fleetwood, England-Fisherman James Stansfield, on his rescue of a 3-year-old boy by hooking the child's shirt with a 20-yard cast: . "The boy was floating face down past me about 20 yards away. I missed him on my first cast, but managed to get him on the second before he was out of range." Edinburgh, Scotland-James Bone, a member of the coun cil at Lamlash on Arran island, on the plans of Stewart Hus ton of Coatesville, Pa., to change the name of a tiny Scottish island he owns: "Surely an American can't wipe out one of the most fa mous spots on the Clyde with one wave of his hand." OMWMMpWvfyjj nHliiii gs'v . ARRIVING IN HONG KONG escorted by British police man, Richard G. Corden (right), East Providence, R. I., tenth of 21 American turncoats captured by Chinese Communists in Korean War, starts journey back to United States. He was U. S. Army sergeant when captured. Currency Reform Seen Stimulant For U.S. Trade Washlngton-flJPD-U.S. offic lals predicted today that the currency reforms ordered by Western European Nations will stimulate American trade abroad and strengthen the economy of Europe. The action taken by Brit ain ano? 10 other European na tions in easing monetary re strictions was praised by the international monetary fund, the State Department and members of Congress. One source explained that the move will allow buyers to acquire dollars to pay for U. S. goods without paying a discount previously required for converting foreign curren cies into dollars. Major Forward Step This source described the action as a major forward step toward freer world trade and predicted that other re strictions on trade will be eased within the next year. The United States has suf fered two major disadvan tages in trade since World War II-the foreign currency exchange barriers and foreign licensing of U.S. imports, he said. With the removal of the currency restrictions, he ad ded, the next major goal is -a revision of what he called dis criminatory quotas imposed on American imports. Sens. Mike Mansfield (D- New Parents Greet Korean Orphans Portland - (UPD - New foster parents from 22 states were on hand at Portland Interna tional Airport Saturday to pick up Korean orphans they have adopted from the latest Harry Holt waif airlift. The 107 Americans, of American - Korean parentage, all arrived in good health aboard a Super Constellation from Seoul. The orphans that arrived Saturday boosted the total number of Korean waifs brought to the United States by Holt, a Creswell, Ore., farmer, to 1,176. THANK YOU Blackpool, England (UPD The Welcome In was robbed Sunday of $896 by a thief who did not come in. He forced an office window, then reached in and grabbed the cash box. Mont.) and John J. Sparkman (D-Ala.) joined in hailing the European move as a good eco nomic omen and a trend toward freer trade. Mansfield, a member of the Senate Foreign Relations Committee, said "it's a move in the right direction and should bring about a better relationship with our allies." Sparkman, a member of both the Foreign Relations and Banking committees, said the net result "should be to stimulate our own trade" and "give greater stability to the softer currencies of Europe." By ELMER C. WALZER UPI Financial Editor New York -(UPD- Mandatory controls against the oil indus try are lurking just around 0-piaeam the corner, says the in" v e s t iii c ii i banking firm of Courts and t!t ' Company, also in c in uci a ui the New York Stock Ex change. This firm finds the Elmer Walzer U.S. Oil mar ket being sealed off from the rest of tne world-first by in formal agreement and now by government-sponsored vol untary regulation. "Waiting just around the corner are mandatory con trols," it concludes. "The reason is clear enough," the firm says. "Oil that would fetch perhaps $2.50 a barrel in a free mar ket costs $3 to refiners who must buy it in the govern mentally protected domestic crude oil markets. Crude Producers Benefit "Caught in the resulting squeeze are- those seaboard oil refiners who lack suffi cient domestic crude produc tion to become major benefi ciaries of a protectionist oil policy and who also lack large enough import quotas to maintain competitive cost structures in markets geared to world oil instead of do mestic." The bank holds that the principal beneficiaries of the protectionist oil policy are those who have done the least to build the oil market in the United States-the crude producers. "The crude production defi cit seaboard refiners," it adds, "thus have a very strong moral case and a very weak political one. In this connec tion it can be noted that there are fewer registered voters on the combined boards of directors of the seaboard re finers than in any of the Texas counties whose resi dents receive royalty pay ments based on the domestic price of crude oil.' The Profit Squeeze Courts and Company finds two primary causes for the profit squeeze on the domes tic crude production deficit seaboard refiners: "1. The proration system which forces them to buy oil from crude producers on bal ance although their own wells are partially shut in. "2. The import quota which forces them to buy domestic oil although they can import it at a lower cost. Both of these causes are essentially political, not economic." The firm ,noids that one likely result' is that the fed eral government will not per mit a level of oil imports which may depress domestic prices Despite the difficulties, the Horse Killed When Struck by Automobile Rogue River-A horse own ed by Carolyn Riogosa, route 1, box 162, Rogue River, was killed about 6:45 p.m. Sun day when struck by a car driven by Mary Margaret Lehman, route 1, box 162 Rogue River, according to in vestigating state police offi cers. The Lehman sedan was trav elling west on Evans Creek rd. when the horse ran across the road into its path, offi cers reported. v t In hi SUFFERING FRACTURED ARM, head cuts in New York taxicab accident, Bishop G. Bromley Oxnam, 67, top-ranking official in Methodist Church, has pulse taken by Nurse Jane Caffrey at Roosevelt Hospital. Bishop and Mrs. Oxnam came from Washington, D. C, to visit son. Service When You Need It . . . that's the kind of service that counts the most, and it's the kind of insurance service you can get only from a home town agent who is always nearby, eager and able to serve you. We're independent businessmen not em ployees of an insurance company. We advise you according to your best interests and when you have a loss, we represent you and you alone. For the protection and service you need, see your local independent agent . . . who serves you first. , 1 Jffxtidet. AGENT 9 7 YOU Insurance DON STATHOS. INSUROR Professional Insurance Protection 220 South Central - Medford PHONE SP 2-2677 company believes "logic and reason will ultimately prevail to make the best of an other wise intolerable situation." It looks for an auctioning of import quotas by the gov ernment to the highest bidder. Maxwell Requests Board Hearing Portland - (UPD - Floyd Max well, who was recently dis charged as managing director of the Oregon Centennial Commission, said Sunday he has asked for a hearing before the next regularly scheduled meeting of the Commission Jan. 12. He said that four commis sion members forced his re moval at a meeting with only six of the nine members of the commission present. Maxwell said he was re fused the right to either hear the charge againt him or to defend himself prior to the firing. NAMED TO BOARD New York-(t!PD-Arlhur F. Burns, chairman of President Eisenhower's Council of Eco nomic Advisers from 1953 to 1956, has been named to the board of trustees of the Twen tieth Century Fund. i iw STARRING AT CHRISTMAS, Tami Dianne Calhoun was born December 25 to film star Rory Calhoun's wife, Actress Lita Baron in Santa Monica, Calif., hospital. Retired Journal Editor Succumbs Portland -(UPD- Fred H. Mc Neil, 65, who retired last March as executive news edi tor of the Oregon Journal, died Sunday at the Univer sity of Oregon medical school hospital. He had suffered a stroke Dec. 10. McNeil's newspaper career covered nearly half a cen tury. He was born in Illinois and worked on his first news paper there. He joined the Journal in 1912, served over seas in World War I and lat er was editor of The Dalles Chronicle. He rejoined the Journal in 1920. McNeil loved the outdoors and for five years headed the Pacific Northwest Ski associ ation. He was vice-president of the National Ski associa tion. . He was author of the book "Wy'east the Mountain," pub lished in 1937 and recognized as the standard reference work on Mt. Hood. Survivors include his wife, Abby, his son Malcolm and a daughter, Judith. The League of Nations was founded Jan. 10, 1920, and dissolved Jan. 10, 1946. Police Subdue Fighting Actor Hollywood -(UPD- Actor Dan Dailey, 45, had a ground-rolling tussle with two police men that ended with the lanky hoofer being handcuff ed, officers said today. He was due in nearby Van Nuys municipal court later today for arraignment on a drunk driving charge. Dailey and his wife, Gwen, 31, the former wife of actor Donald O'Connor, had a few drinks with bandleader Louis Prima and his wife Keely Smith, shortly before Dailey's car smashed into the rear of another car in a thick fog early Sunday, he told officers. Mrs. Dailey was "loud, boisterous, profane and abu sive," officers said. "She was warned to hold her voice down," they report ed. "We were aware she also had been drinking and we ad vised her not to try to make things worse than they were." She was not held. REAL STINKER San Francisco -(UPD -Joseph M. Maring reported to police Sunday that a woman he met in a tavern walked off with his pet skunk when he wasn't looking. ITALIAN SINGER DIES Milan, Italy-OJPD-Gino Gran zi, 74, a widely-known singer in Italian cafe society in the 1920s, died Saturday. Eugene Restaurant Damaged by Flames Eugene (UPD A two-alarm fire here Sunday night caused "several thousand" dollars damage to Ware's restaurant. The fire broke out about 10 p.m. in the basement where restaurant supplies were kept. Fire Chief E. L. Smith said there was damage to the floors and severe smoke' dam age to the main dining room. Cause of the fire was undetermined. MONEY At Crater Finance you may borrow for any worth while purpose on your FURNITURE - AUTO SALARY and repay in monthly In stallments. You may choose the terms most suit able to you up to 24 months. 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It will too . . . it's so lively and sparkling it'll mix with anything. Pepsi-Cola Bottling Company of Medford A
