t MAIL TRIBUNE, Mteforo, Oraon, Thursday. February 5, 1939
Quotes From the News
By United Prew International
London - Secretary of State John Foster Dulles, on his
talks with British leaders:
"It is Tilally important that we understand each ether.
I intend to do more listening than talking."
-' Washington - President Eisenhower, fighting for his
balanced budget"
"I don't believe that we should hare higher taxes, and I
do not believe that the United Stales wants higher taxes,
That means to me living within your income by avoiding
unnecessary expenditures. '
Hollywood - Comedian Bob Hope, on starting an im-
nroniDtu two-week rest m Palm Springs:
"I'm Just little tired, but it's nothing to get excited
about."
Sioux City, Iowa - Rock n roll singer Frankie Avalon,
fnr thrp fpllnnr Rlar killed in a Diane crash:
"I'm not a replacement - there could be no replacement.
I'm only here to Help out xne iroupe.
Wilson Warns Against
Education Complacency
- Eugene University Pres
ident O. Meredith Wilson
warned against national com
placency and asked that peo
. pie become aware of the in
creased need for support of
education in a speech at Sa
lem recently.
, Wilson was honored at a
dinner given by Charles A.
Sprague, Salem, former gov
ernor of Oregon. The dinner
honored Wilson for his recent
election as chairman of the
American Council on Educa
tion. He is the youngest chair
man ever chosen and is the
first west of the Mississippi.
Wilson decried any feeling
In present day America which
would take ours as tne goia
en age . . . the goal."
'A great increase in the
birthrate after World War II
has presented us with the
greatest crop of human re
source in the history of our
civilization, Wilson stated,
"But at the moment when we
should be congratulating our
selves and gladly making the
appropriate investment to
bring each of these children
to his brightest potential, half
the - country is cautiously
counting the educational pen
nies as though the perfection
of our children were an ex
travagance rather than a pru
dent investment."
Wilson pointed out that the
supply of teachers in college
4-H Club News
Dairy Club
The Rogue River 4-H Dairy
club met at the Parsons home
on Jan. 24.
" Lanny Parsons demonstrat
ed the proper way to tie an
animal..
' A class of Guernseys was
Judged from pictures.
A county record book med
al was awarded to Allen
Jones.
' Candice Gail was enrolled
as a new member.
Lanny Parsons
Reporter
would soon be shorter ,than
has been the supply in second
ary education.
Wilson made a plea for
more money to give Oregon a
distinguished rather than av
erage system of higher educa
tion. "The difference between
the costs of average and dis
tinguished higher education
is primarily expressed in fac
ulty salaries and library re
sources, the president said.
"Other costs remain fairly
fixed. For a small percentage
addition to our asking budget
we could catch attention
where it really counts.'
Cub Scoufs
Cub Scout Pack 35
Jacksonville Cub Scout
Pack 35 will open Boy Scout
week with a baked food sale
at Miller's Grocery store from
11 a.m. to 2 p.m. on Feb. 7.
At the Jan. 28 cub pack
meeting the following awards
were presented: gold arrow,
Charles Logan; silver arrow,
Gail Strong, Larry Milligan,
Charles Logan, Bill Hinkle,
Bob Glathar; gold arrow for
wolf badge, Gail Strong and
Larry Milligan; wolf badges,
Patrick Swanson, Tommy
Maddox, Danny Maddox, Lar
ry Winona, Stormy Russell,
Billy Ray King, Larry Milli
gan; bocat pins, Lee Wilson
and Louie Wilson.
After the awards were pre
sented each Den enacted a
humorous skit. The Barne
burg Trophy Cup, a gold cup
given to the Cub Scouts, Pack
35, by H. W. Barneburg in
1954, is presented each pack
meeting to the den having the
most parents attending. At
this months meeting the
Trophy was awarded to Den
3. Refreshments were served
by Den 3 mothers.
7 -r T
F - it -cm t i
NEW YORK PLANE CRASH This is a turbo-prop FJectra of the type which crashed
in the East River at New York, causing the deaths of 65 of the 73 persons aboard.
Interest Rates Expected To Go
Higher With Financing Deficit
Waller
E Uner
There are more than 100,
000 taxicabs in the U.S. and
of the larger fleets, New
York is in first place and
Washington, D.C., is second.
Crater High Vo-Ag
Lists Activities
Central Point The voca
tional agriculture students
and members of the Crater
Future Farmers of America
chapter leave a long list of
achievements behind them as
they move into another year
of activities, Don Denning,
chapter reporter, noted.
: During the past year the
boys earned $16,346.56 from
their supervised farming pro
grams. Supervised - farming
which is a basic part of the
vo-ag program is essentially
the home project or projects
the boy owns. They study
their classroom material and
take it home to apply to their
projects. Denning explained.
These are visited periodically
by the agriculture instructors.
The project may be livestock,
poultry, field crops, truck
crops, or any other agricul
ture production program.
Town boys rent land in the
country to farm, he explained.
To aid the boys in their
supervised farming activities
each one has a farm record
book. Each year classroom
instruction is given on records
to help the boy keep accurate
records and teach him how to
study them for a correct eval
uation of his program, said
Ed Griggs, instructor.
Purchases Tractor
To aid the farming pro
grams, the chapter purchases
a new tractor every year. This
year, because of the increased
class enrollment, the chapter
purchased a new 800 series
Ford which is a three-plow
tractor. The larger tractor
will get more work done for
more boys, according to
Griggs.
Although each boy is en
titled to use the tractor, he
must first pass a tractor driv
er's license test which the
tractor foreman gives. Class
room instruction prepares him
for the test.
The tractor is used also for
custom work for the commun
ity's residents. The chapter
owns a disc, plow, mowing
plow was purchased this year
to go with the larger tractor,
Denning said.
Grain crops from the 18-
acre chapter farm each year
helps finance the yearly ac
tivities, the chapter reporter
added.
The chapter recently fin
ished a series of public speak
ing contests. In the Rogue
Umpqua district. FFA nnhlir
speaking and parliamentary
pruceaure contest. Don Den
ning, Crater chanter VVA
placed second, following first
piace winner Leon Small,
Phoenix FFA chaDter. Illinois
Valley took first place in the
parliamentary procedure con
test and Crater placed second.
Both first and second place
winners in both public speak
ing ' and parliamentary nrn.
cedure will participate in th
state semi-finals at Crater
High school at 1 D.m.. Feh
26, Griggs, district advisor,
announced.
The chapter this year in
itiated a farm newsletter to
be sent to all farmers of the
Central Point area. The news
letter is a dieest of all the
latest farm magazines and col
lege bulletins. Nate Banry is
editor, Howard Misner, co-
editor and Larry Ryerson,
canoon eaitor.
Past activities included
wreath-making party with the
Crater Future Homema Ir Pre
irrigation of 56 freshmen in
me ureen and uutiaion and
barn dance.
By ELMER C. WALZER
UPI Financial Editor
New York - (CPD - Estimates
on 1959 financing show there
will be a deficit of $1 billion
in new capital,
a ccording
to Girard L.
Spencer of
the stock ex
change firm of
Salomon Bros.
& Hutzler. As
a result of this
excess of de
mand for long
t e r m capital
and a continuing restrictive
monetary policy, pressure is
expected to continue in the
money market. ,
Interest rates are likely to
continue to rise, says Spencer,
at least during the first half
of the year. But the rise is
expected to be less rapid than
in the second half of 1958.
Spencer anticipates a sup
ply of $23.7 billion in long
term funds seeking invest
ment. He places demand for
these funds at $247 billion.
Sources of Supply
Here are the sources of sup
ply: Life insurance companies
4.7 billion, mutual savings
banks $2.2 billion, savings
and loan associations $5.5 bil
lion, corporate pension funds
(not funded with insurance
companies) $3.3 billion, state
and municipal retirement and
pension funds $1.6 billion, fire
and casualty insurance com
panies $1.3 billion, and other
long-term funds $5.1 billion.
Demand for long-term funds
is expected to come from mort
gage financing $13.3 billion;
state, municipal and public
revenue authority financing
$3.5 billion, and corporate fi
nancing $7.9 billion.
Based on Housing Starts
Spencer arrives at his short
age financing estimate on the
basis of 1,500,000 private hous
ing starts.
Corporate financing consists
of $8.6 billion bonds and
notes, $10.5 billion preferred
stocks, and $1.6 billion com
mon stocks, less $2.8 billion
maturities and sinking fund
retirements.
. It is interesting to note that
this calculation includes more
than $2 billion in stocks, in
cluding preferreds,
Wall Street has been look
ing for a rise in stock offer
ings for industry financing in
1959. In the first place, the
stock market is strong for
making a climate to absorb
new offerings,-, and the bond
market unpopular as well as
cluttered with municipal flo
tations.
The Journal of Commerce
THE
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notes that public utility com
panies are the first important
group to take advantage of
the rise in the stock market
to step up equity financing.
Some pickup is noted in
equity financing by industrial
companies but thus far this
has been relatively small, it
is noted.
The stock exchange firm of
Shearson, Mill & - Co. notes
that several companies have
called their convertible issues,
including Continental Can,
National Cash Register, and
American Machine & Foun
dry, thus providing more
stock for the market.
Barron's recently noted an
other means of increasing the
supply of stock for the mar
ket. This is through secondary
offerings of stock.
Convertibles Floated
Also, Barron's notes, a
growing number of com
panies, mindful ol the financ
ing opportunities offered by
the current market, have de
cided to raise money by float
ing convertible debentures.
While perhaps not techni
cally equity financing, such
flotations, in fact, inevitably
mean a greater availability
of common stock," says the
publication. ,
In the first half of 1958,
the total of corporate securi
ties offered for sale, totaled
$6,222,000,000 and of this only
$816,000,000 was in equities
For the full year of 1957,
financing totaled $12,884,000,
000 with common stocks mak
ing up $2,927,000,000 of the
total.
xne lure oi floating com
mon stocks is the big demand
for them. Corporations have
had a tendency to resort to
bonds in their financing
inese nave an advantage in
that the corporation does not
have to pay income taxes on
the .interest it pays on its
bonds. It does have to pay
taxes on the dividends it pays
to stockholders. The disadvan
tage in bonds is that in case
of a bad year, a company
may be thrown into bank
ruptcy if it cannot meet bond
interest.
House Seen Certain
To Approve Bill for
Extension of Draft
Washington- (UPD -A bill to
continue the draft was certain
to win House approval today.
The only question was: How
long an extension?
Some congressmen were set
to touch off a fisht bv ursine
that military induction be ex
tended only for two years.
The House Armed Services
Committee okayed a bill 34-1
which would continue the;
draft for four years, as Presi
dent Eisenhower requested.
Rep. Carl Vinson (D-Ga.),
chairman of the armed serv
ices group, was scheduled to
open debate with a plea that
the House approve the com
mittee measure without
change. The chamber was ex
pected to go along with this
appeal after voting down a
two-year extension.
Expires June 30
The draft is scheduled to
expire June 30. In addition to
maintaining induction, the
House bill would continue for
four, years the authority to
draft doctors and dentists and
would extend the dependents
assistance act.
Only the Army uses
draftees. But Vinson and
other backers of the extension
contend that it prods men to
enlist in the Navy, Marine
Corps and Air Force. About
138,000 men were inducted
last year. Another 100,000
were expected to be called
up this year.
Other congressional news:
Housing: The Senate pre
pared to slap down a' liberal
move to increase a $3 billion
housing - bill. The chamber
Wednesday rebuffed the Presi
dent's economy pleas by re-
fusing to supplant the Demo
cratic measure with the less
costly Eisenhower program
The liberals conceded their at
tempt to boost the urban re
newal outlay from $2,100,000,
000 over six years to $6 bil
lion over ten years had little
chance of success. They were
prepared to scale down their
request.
Rackets: The Senate Rackets
Committee turned its atten
tion once again to the affairs
of the Teamster Union. It
opened an inquiry into a dis
puted election of Teamster
Local 208 in Los Angeles in
volving a friend of Union
President James R. Hoffa.
The friend, John W. Filipoff,
is said to be hanging onto the
union office he allegedly lost
in an election.
Two Children Die
East of Eureka
Eureka, Calif. (UPD Two
members of a family of five
from Terre Bonne, Ore., were
killed when their auto failed
to negotiate a turn on icy
highway 299 and plunged
over a 300 foot embankment
Wednesday.
Dead are two children,
Terry Leach, 2, and Vernon
Leach Jr., 3 months. Barbara
Leach, 4, was today reported
in extremely critical condi
tion in Trinity hospital in
Areata.
Mrs. Vernon Leach was in
serious condition but expect
ed to survive. Vernon Leach,
who was driving, was hospi
talized for shock after mirac
ulously walking away from
the wreck. .
The accident occurred
about 40 miles east of here.
A - witness told California
Highway Patrolmen that the
auto overturned six times as
it careened down the sharp
ly .inclined hill. Terry Leach
was crushed beneath the
auto. Vernon Jr. died Wednes
day night at the hospital.
Nude Bathing Shols
Must' lor Movies
Stockholm. Sweden - AMI
Nude bathing scenes are a
must in Swedish-produced
movies if thev are to hp sm
to Latin American distribu
tors, a Swedish director said
today.
Director Rolf Rushprp sniH
South American film distribu
tors refused to buy the film
"T. il" iml.c. ' 1
wuiras a icw scenes
with nude eirls were aHHArt
The film is a story of love
ainuiig me Laplanders and
was shot in the snowy wastes
of the Arctic Circle.
The demand was met. The
export version of the picture
will snow four girls running
around nude, in th
They take a snow bath to
cool off after bathing in a
sauna, the Scandinavian
steambath. s '
TEXTBOOK AUTHOR DIES
New York -TOPD- Mrs. Ruth
Wood Gavian, 55, an associate
professor of education at
Brooklyn College and author
of several textbooks, died
Tuesday night after a long
illness.
FIND MASTODON BOWES
Baton Rouee. Ia.-ffiPD-flmil-
ogy students from Louisiana
State University have found
the fossilized bones of a mas
todon in a bayou near here.
College officials said the area
may have been a eravevard
for mastodons, a wooly ele-
pnant tnat roamed the con
tinent 25,000 years ago.
Pan American
Reaches Agreement
Washington (UFD Pan
American World Airways
reached agreement Wednes
day on a new labor contract
with the Air Line Pilots As
sociation (AFL-CIO), ending
18 months of negotiations.
Sources close to the nego
tiations said the agreement
provides top pay of $33,000
a year for jet .pilots if they
put in 85 hours flying time
every month. Pilots of the
plane would average about
$29,000 a year, compared to
$23,000 now, these sources
said.
The contract runs for 18
months. '
r?- r
'
v ficht brown .1 n
ig s; Joe hrowh Sugars
(GH F dark brown "With that good-
ySj 7y - Hawaiian-cane
Jlht cane sugar flcK"
J cane sugar "j"' 77A!!fel
CELEBRATE IVORY SOAP'S 80th ANNIVERSARY. . .
I - ' ' 1 V . -
I iinvrtlW : 'Photo of p, - I
THIS CAR LOADED WUH IMS CASH
1959 Plymouth
of Flrat Prl,-...
" ""- doij,
If
IVORY SOAPS 'Si GIVE-AWAY!
JUST ESTIMATE THE AMOUNT OF MONEY IN THE PILE ABOVE!
Closest estimate wins all the cash PLUS the 1959 Plymouth Convertible
Plus $5,000 Bonus for 1st Prize Winner ! (See Rules)
2nd PRIZE: 1959 Plymouth Belvedere Convertible plus half the amount of
money in the pile
i ' ..
3rd PRIZE: 1959 Plymouth Belvedere Convertible plus one-third the money
4th PRIZE: 1959 Plymouth Belvedere Convertible plus one-fourth the money
5th PRIZE: 1959 Plymouth Belvedere Convertible
Cut out this money-saving coupon to take to your dealer's whether or not
you enter the Give-Away
THIS '80,000 GIVE-AWAY
CELEBRATES IVORY SOAP'S
80th ANNIVERSARY!
What a wonderful way to celebrate the 80th year -of
wonderful Ivory Soap. For over 3 generations
America's favorite for bath and complexion care.
White, floating, pure . . . today, as always, more
doctors recommend gentle Ivory than any other
soap for adult and babjr's delicate skin.
-Use this entry blank
Enter the Give-Away today-
IVORY 80,000 GIVE-AWAY ENTRY BLANK
IVORY "80,00O GIVE-AWAY
ENTRY INSTRUCTIONS
' 1 . Estimate the total cumber of Uw dollar im .
the pile shown in tbm picture. Writs your sti
mate on either s printed entry blank or a plain i
sheet of paper. Print your name and address ;
plaialy.The estimate closest to the actual amount
of money in the pile shown in the picture will
win first prize, the next closest will win second
prize, etc The first five prizes are as follows:
1st PRIZE: 1959 Plymouth Convertible plus
the amount of money in the pile.
. 2nd PRIZE: 1959 Plymouth Convertible plus
half of the amount of money in
s the pile.
3rd PRIZE: 1959 Plymouth Convertible plus
a third of the amount of money
in the pile.
4th PRIZE: 1959 Plymouth Convertible plus
a fourth of the amount of money
in the pile.
5th PRIZE:. 1959 Plymouth Convertible.
Each bag shown in the picture is packed full a
silver dollars, as obtained from a Federal Reserve
Bank.
2. Mail your completed entry, together with
three wrappers (or ucaimiles of the face panel
copied from any source) from any size of ivory
Soap, to: Ivory Give-Away, P.O. Box 243,
Cincinnati 99, Ohio.
SPECIAL 5,000 BONUS
If your three Ivory Soap wrappers include one
j from each size Large, Medium, and Personal
(or facsimiles copied from any source), you will
receive a $5,000 bonus if you are the 1st prize
winner.
3. Enter as often as you wish, but each entry
must comply with all the rules and be mailed in
a separate envelope. Entries must be postmarked
no later than midnight. May 1, 1959, and re
ceived no later than midnight. May 15, 1959.
4 In addition to the five major prizes, there will
be 75 other prizes as follows: 6th Prize will be a
Natural Mink Stole, plus a sixth of the amount
of money in the pile. 7th Prize will be s Natural
Mink Stole, plus a seventh of the amount of
money in the pile. 8th Prize will be a Natural
Mink Stole. 9th Prize will be an RCA Victor
. Color TV Set, plus s ninth of the amount of
money in the pile. 10th Pruse will be an RCA
Victor Color TV Set, plus s tenth of the amount
of money in the pile. 11th Prize will be an RCA
Victor Color TV Set, plus an eleventh of the
amount of money in the pile. 12th Prize will be
an RCA Victor Color TV Set. The next 68 Prizes
will be s matching set of a man's and a woman's
Bulova Wrist Watch. All money prizes will be
awarded in silver dollars or check, whichever is
preferred.
S. In case of ties, which are quite possible, tying
contestants will be required to complete s state
ment about Ivory Soap. The most spt of the
tie-breaking statements, written in the contest
ants own words and expressing the contestants .
. own thoughts, will be selected and rated for
prizes. Duplicate prizes will be swarded in case
of ties in statements judged. Only one prize will
be swarded to any winner or family. '
ft. Entries are limited to residents of the Conti
nental United States (including Alaska) and
Hawaii, except employees of Procter & Gamble,
its advertising agencies and their families. Gov '
eminent regulations spply.
T. Judges' decisions will be final. Mechanically
reproduced facsimiles will be disqualified. No
entries will be returned. Entries, contents and
ideas therein belong unqualifiedly to Procter eV
Gsmble for any and all purposes. The winners
or tying entrants will be notified by mail about
8 weeks after close of contest. A list of winners
will be available upon request approximately
3 months after close of contest.
Look for Ivory in these
special Give-Away wrappers
at your dealer's today.
99uoo pure. . . If fooff
SAVE 5t ON IVORY SOAP
WHEN YOU BUY EITHER
(fit KE?m)lnS5s2 (J) RSIlHAln!'
1 size yfii I ' vlHpsr
TO THE DEALER: Yoo ar mBtbertzS ta act as eor scent for th mJemptioa rf ttid eoapon in sceartjasca iwttft th tarns of
our coapoo ffer a stttad below, provided that yea and tba eooMimer ha complied itn these term. Cash redemption raius
120 of lc. TERMS OF COUPON OFFER: We will reimburse yeo for the fsMTSloe of tbia coupon, or. if coupon calls ioeirv
ierehsndjM. we will reimburse yoo for men free zoods, plo2c f or handling, provided thtn coupon has fc0 ,n n'-
. ewth oar consumer offer. Invoices proving purchase f sufficient stock of oar brand to cover coupons presented must be shown
upon request and faitor to do so may. at oar option, void all coupons submitted for redemption for whtenno proof of pfodocts
purchased is shown. Coupons are Rood only on brands specified, are non-transferable, end when presentedthrooch esUidf agents
cr others woo are not retail dutribaturs of oar merchandise will not be honored end will be eoid when so presented. The container
mast per any sales tax involved in the transaction. Oar salesman will redeem oar coupons or yoa msj ""i' tl?L"o0ur "1?f!!
, to Procter A Uamble, 2U0 Sannybrooh Drive, CintinneXt 33, Oruo. PROCTtK GAMBIA
PLEASE PRINT CAREFULLY
My estimate of the total number of silver dollars in the pile shown in
the picture is
CI II
DEALER'S NAME-
This coupon valid for use in stores everywhere
in
9651
Af I
..J
J I am enclosing 3 wrappers (or facsimile of the face panel copied from
I any source) from any aiie of Ivory Soap.
I $5,000 Bonus Prize. Check ( V) here if your 3 Ivory Soap wrap-
pen (or facsimiles) include one from each size Large, Medium and
I Personal to be eligible for the $5,000 bonus prize.
Mail to: Ivory Give-Away. Dept. V, P. O. Box 243. Cincinnati 99,
IOhio. Entries must be postmarked no later than midnight. May 1,
1959, and received no later than midnight. May 15, 1959.
I
f 15.
ftlVORY
r ; 1
'g0,O0OGiye-Away!
IVORY
'80,000 dive-Xway!
IVORY
'80,000 Give-Ay
31
machine and blade. A new