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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (June 3, 1959)
Seattle 'Happiest 10, tolCo 7 in Hlffo As Friendo Af?53no Party Seattle -TCPD- Typing I ibr-1 hy eT kitchta table. ture tor Diane Ewing, 15. She - holds a stick in hgr mouth and punches th k. When she wastes, she holb a pencil in her teeth and botej iier neaa up ana aown g-TOtP tne paper. ' At 10, the surgiQsl ijgmcnj! of a growth on her ki0 caused the collap oC muscletand gradual rgitif is. Now she can 4feo) fiBiSg her heag. Diploma Party And today .she's t! est girl in the wor . She celebrates her tion from Seattle's gL'Gt High School with gtr$j9$ marks. fa & Members of her clBJ&& hold a diploma Egrty ig home. "It's gtiing to be (9 0LdN ful party," she says.a will be my friend JkJtt school, some of my t&clave and a man from the frftoji? board who will giv)mg 99 diploma." "Diane doesn't consider b& self an invalid," says Ewing. "She always thinks of oth ers and warvli to be sure they get to do Tne things they want. The only complaint sire makes is that there aren't enough hours in a tfcy." Diane s "scnooi is a spe-i flnqa fom Jiovmf cial bed about the size and'gbou4$ arlf i4qt- Jtr taujht kawalf te nt typ. 44tt aTettiarIit my rine for. ma," shs says. 9ut lov cam you tall some Ma rit albra? And Am v ot to geometry it tS ftTOB von." HHwi isn't sure what she sft te graduatiom. 'X Jtet lend te gat some Wit oft jplefeupsJup," she says. 'mit tley lon't give scholar- lii for , correspondence &or& I don't bnow what I'll &uif ia college. It might be ftttt, ducakiM)l psychology Vana, eoesibly young 4rY,eho during the past tatagad a house tinder tto by Ralph Patter- jk 69 Tairment st. also amslves a wagon Building materials, .joliee reported. totmim gid he wagon was jfeiat4 vith the number 'V e &e aiie. Damage to tlto 1W intluded thret air vJa Jjeavtai out, forms SroSaa, eeein0i ton off ma tMdk &t &qmatp to the gorta toto vit fU. is f ftiluro To faluto Brings Prison Term Saa Antonio, Tax.- (DPS -An Army court martial board sentenced a recruit who re fused to salute officers to one year in prison at hard labor yesterday. The recruit is Lou A. Len aear, 20, of Oakland, Calif., a member of the Jehovah Wit nesses religious sect. He claimed his religion forbade saluting. ' The court martial board also decreed that Lennear will forfeit all pay and al lowances and receive a bad conduct discharge at the end of his imprisonment. Lennear was found guilty of failing to salute Capt Henry H. Gaskins last March 12. The next day, as Lennear went to explain why he didn't salute, he failed to salute Gas- kins a second time and was sent to the stockade at Fort Sam Houston. Lennear enlisted In the Army Nov. 23. TAIL HOOK PROJECT Farmingdale, N.Y.-(UPD-Re- public Aviation Corp. said to day it has received a $121,000 Air Force contract to develop a tail hook to enable Air Force fighters to land on short runways in the same manner that Navy planes land on carriers. The hook to be developed would be attached to an F-84F Thunderstreak. WecWttUy, JM 11 MAIL TIISUNI, MeeVoid, 0. 7 i 7 (i - : - - - irt - - - 1 S ... M m si rs, I , Fifty-four per cent of all farms in France are cultivat ed by their owners. People try fa. and they like it! . . ' it f-- -t why(cAuwBtec!c Label Beer b NOW BREWED FOR YOU IN THE NORTHWEST Now that CarHng Bkc Lall Am bftved right here in the Northwest, every day you'll k )am( mom ud more people smgt..."Mabel, BktJ LtW." - It's as simple a? this Ftl fcf i...opl like iL..fhey buy it. enjoy it ..and 8ll their fHQ. flat's the way it foes, and thafs jjy Carling Bla Lahl te ft CtiaWs iastest growing beer. Next timyod S, pi Kaok Label a try. It's ti fwlitr beer aw sold here t ttiw popular, kx price. MabeL . Black Label . CARLING BREWING COMPANY TACOMA, WASKSNQTON . t . Mr 1 llim Oft SCREAMING WITH PAIN, this Rio De Janeiro commute rioter, shot by police and Brazilian marines when a mob sought to set fire to a ferry dock, shown being car ried to the sidelines. Four persons were killed and at least 10 wounded as commutera rioted against suspension of ferry service across bay from Rio De Janeiro. - . Treasury Faces Hard Selling Job with Long-Term Bonds If tf&$ - j. By ELMER C. WALZER UPI Financial Editor New York (UPD The treas ury has a hard row to hoe for fiscal 1960 even though the budget may b e balanced, say the ex perts. It can not sell long term bonds -maturities o f more than five years -because it cannot pay unr waizer the , interest demands. The rate on these issues has a ceiling of 4V4 per cent by law. The treasury has a fat sum of refunding to do even if it doesn't have to raise a lot of new money. The holders of bonds that mature may want their money. " And the treasury must com pete with business for money. Business has been willing to pay a good price for its money. Consolidated Edison bonds offered to yield 5.05 per" cent were sold out and went to a premium. Market men say bonds can be sold if they" are priced to the market. The treasury cannot give this type of pricing because of the lid on what it can pay. So the better business gets the worse off the treasury i for its bond program. Recession Halpful? Government bond expert Robert Van Cleave of C. T. Childs and Co., notes in his bond review: "It has been said, only half facetiously, that there's nothing wrong with Ihe government market that a really good recession wouldn't cure." A recession, would bring lower money rates and make bonds more attractive. There might be a tendency to sell stocks and buy bonds. But .there's no recession in sight. - . Even the Russian propa gandists have stopped talking about one. The economy of the whole world is in good health. , It would seem that the treasury's refunding job would be easy compared to this fiscal year's stint because- this year the government had to raise some $13 billion of new money. , Van Cleave notes that the treasury's maturity schedule for. 1960 adds up to $23.5 bil lion, against cash and refund ing of $25 billion in. this fiscal year. . He belittles the assumption that holders of treasury issues to be refunded and more or less captives of the treasury" market. "With the single possible exception of Federal Reserve banks plus treasury invest ment accounts, holders are by no means captive," he says, "and all proceeds of redemp tion do not necessarily have to be reinvested in the treas ury market, . "They may go instead into corporate or municipal bonds; or into stocks or real estate, or any of a thousand indus trial and commercial pur poses ... "More broadly, the impli cation is that all treasury is sues, whether or not offered in a refunding operation, must compete in the open market with all other outlets for funds. The treasury would like nothing better than to be able to sell long-term bonds to non bond investors. Sales to commercial-banks build the in flation potential, while sales to non - bank investors are non-inflationary. , Expansion Money Corporations have built up their holdings of government issues and may be in the mar?iet for more. It all de pends on whether they need money f o r expansion, in which case , they might sell some govern .ents. Some believe firmly that the treasury's life for the new fiscal year will be a lot pleas anter if there is a steel labor agreement that precludes a steeV price rise which could set off a new inflation spiral and make bonds still less de sirable than they are at cur rent coupon rates. Bankers are convinced the congress will raise the limit on interest that can be paid on long-term treasuries, pos sibly to as much as 5 per cent. Some think the interest ceil ing ought to be abolished. Also it is believed the debt limit will be raised before adjournment just in case it may be necessary to increase spending when congress is at home. Tax Deferment Plan Is Available for Owners Salem -Owners of cutover forest land or lands that do not contain a stand of mer chantable timber may take advantage of a tax deferment NO TURNPIKE FATALITIES New York-OJPD-The Ameri can Bridge, Tunnel and Turn pike association said Tuesday no Memorial Day week-end deaths were reported on 16 major turnpikes across the nation. The turnpikes includ ed Connecticut, Florida, Illi nois, Indiana, Kansas, Maine, Massachusetts, New Jersey, New York, Oklahoma,- Penn sylvania, Richmond - Peters burg, Texas, West Virginia, Garden State Parkway (N.J.) and Westchester County Park ways (N.Y.). SLAVS SPURN ROCKETS Oslo, Norway-(UPE -"Yugoslavia will never take any steps in building rocket bases on its own territory," visiting Yugoslav Vice President Ed vard Kardelj said here Tues day. He said, "The Yugoslav government has no interest in making our corner of south ern Europe a dangerous point in the world of today." GERMAN RED DEFECTS Berlin-dJPD-Helmuth Dahin ten, mayor of the East Ger man town of Angermuende and ' an active Communist since 1946, has fled to West Germany, the West Berlin "Information Bureau West" reported Tuesday. plan by listing their land with the state forestry department, according to Darryl Storm, of the state forestry department. The act provides for classi fication under this special tax program and once classified the lands carry an annual for est fee of 10 cents per acre in western Oregon and half that in the eastern part of the state, Storm stated. When any products are har vested from the land, pay ment of the deferred tax is through a 12V4 per cent yield tax, based upon the stumpage removed. Thus ther owner pays the tax when he has an income from the land, Storm pointed out. "The owner of the land has the right of withdrawing from the classification if he so de sires at some future date," Storm stated, "but he must pay the accumulated ad valor em taxes or the yield tax based upon an estimate of the stand of timber, whichever is the greater. "Once the land has been declassified, it cannot again be considered for classifica tion for a period of 10 years or until the merchantable tim ber has been harvested." Forestry personnel is in specting areas for possible classification, but it is impos sible to examine all eligible areas, Storm said. Hence, the forester urges that interested parties get in touch with de partment officials and inspec tion o fthe lands will be made. rjQfZjcfa most v . Y; 'ffr& I luxurious . v , J shampoo . 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