Medford mail tribune. (Medford, Or.) 1909-1989, June 10, 1959, Image 13

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Medford mail tribune., June 10, 1959, Image 13

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Newspaper Page Text1 r Expenditures for 2 Preceding Years 1956-57 1957-53 Budget Allowance for 1958-59 Object of Expenditure $ 30,203.97 $ 19,892.46 EMERGENCY FUND $ 29,824.00 Emergency Allowed by Levying Board $ 35,000.00 $ 30,203.97 $ 19,892.46 $ 29,824.00 Department Total 2,640.00 1,320.00 507.54 200.00 243.65 43.20 531.91 228.21 3,000.00 2,640.00 1,320.00 633.44 300.00 271.35 89.95 552.84 293.09 627.T7 1,305.62 CIVIL DEFENSE FUND 2,880.0a Director 1,368.00 Secretary 450.00 300.00 300.00 50.00 500.00 300.00 100.00 1,300.00 Office Supplies and Expense Gas and Oil Civil Air fatroi Radio Repair and Maintenance First Aid Instruction Miscellaneous Travel Radio Equipment ..$ 35,000.00 2,880.00 1,416.00 400.00 300.00 600.00 50.00 500.00 400.00 ' Maintenance of Control Center Surplus Property Matching Fund and Procurement 1,002.00 $ 8,714.51 $ 8,033.46 $ 7,548.00 Department Total $ 7,548.00 BUILDING CONSTRUCTION IMPROVEMENTS & MAINTENANCE FUND $ 24,968.47 $ 20,497.16 $ 29,180.00 5,820.00 Building Construction I Maintenance Man ...... & M 40,000.00 6,000.00 $ 24,968.47 $ 20,497.16 $ 35,000.00 $ 25,000.00 $ - Department Total .$ 46,000.00 JUVENILE DETENTION HOME ADMINISTRATION BUILDING $.. $ . . Juvenile Detention Home Adm. Bldg. ..$ JUVENILE DETENTION HOME $ 65,000.00 . $ ...... Juvenile Detention Home Total ' $ CAPITAL IMPROVEMENTS SINKING FUND ' $ $ ....: Capital Improve. Sinking Fund Total ....$ 65,000.00 JUVENILE DETENTION HOME OPERATION & MAINTENANCE FUND Juvenile Detention Home Operation ' and Maintenance , $ Salaries '- Utilities Food Supplies Maintenance and Repairs Transportation x Medical Cabinets $ 12,677.00 $ 6,995.00 2,668.00 5,580.00 1,825.00 8,477.66 2,864.00 6,050.00 2,115.00 100.00 ' 75.00 255.00 - $ 12,677.00 $ 17,068.00 Department Total JUVENILE DETENTION HOME FURNISHINGS EQUIPMENT & FIXTURES Juvenile Detention Home Furnishings $ $ 14,500.00 $ Equipment and Fixtures Total $ 19,936.66 FUND AGRICULTURAL & HORTICULTURAL EXPERIMENT STATION SINKING FUND Agricultural and Horticultural Experi- $ 20,390.68 $113,609.32 ment Station Sinking Fund Total $ 27,941.37 $425,040.00 COUNTY SCHOOL FUND County School Fund, 21,252 children $ $206,160.00 at $20, Total .... - . JACKSON COUNTY HISTORICAL FUND 4,080.00 $ 4,300.00 $ 4,800.00 Salaries Curator .... . ....$ 4,800.00 2,979.00 3,290.00 . 3,600.00 Caretakers ,5,400.00 3,338.00 4,564.00 3,360.00 Assistants ; . 4,560.00 . .... .. 600.00 Watchman . . 600.00 1,115.00 837.00 ' 1,384.00 Supplies .. 1,409.00 2,106.00 2,558.00 '' 3,150.00 Utilities 2,800.00 123.00 715.00 , 1,000.00 Building Repairs and Supplies 2,100.00 125.00 136.00 500.00 Procurement Showcases 1,000.00 100.00 66.00 200.00 Travel . .. .... 600.00 1,208.00 Improvements : 2,040.00 927.00 767.00 1,140.00 All Other Expense 450.00 $ 14,893.00 $ 18,491.00 $ 19,734.00 Actual for Fiscal Year 1956-57 202,714.19 20,336.85 "562"09 42,743.10 .23,987.00 120.00 498.00 652.86 1,177.11 13.77 20,290.36 5,300.00 856.50 Actual for Fiscal Year 1S57-5S $ 268,653.78 7,228.74 340.24 49,089.50 26,278.50 130.00 ; 902.00 1,331.82 Department Total . RECEIPTS GENERAL COUNTY FUND Estimated Receipts 1958-59 Budget 140,000.00 20.56 31,465.97 35,000.00 20,000.00 1,500.00 25,000.00 Actual for 1956-57 10,698.00 28,186.73 (3.25) (.50) RECEIPTS GENERAL ROAD FUND (Continued) Estimated Actual for 1957-58 2,739.67 8,791.30 (15.00) Receipts 1958-59 Estimated Receipts 1959-60 Market Road Fund Flood Relief Fund Transfer to Gen. Co. Fund -State Game Fund $1,609,554.20 $1,749,859.01 ' $1,677,650.00 Totals Gen. Road Fund . $1,587,514.00 1,200.73 2,063.64 22,521.09 407.73 713.92 26,274.61 RECEIPTS MEDFORD LIBRARY FUND $ - 30,624.94 Balance July 1 Delinquent Taxes Transfer from O & C 31,860.00 $ 25,785.46 $ 27,396.26 $ 30,624.94 Totals Medford Lib. Fund ..$ 31,860.00 (51.65) 140.81 1,478.91 89.16 34.71 1,725.39 RECEIPTS ASHLAND LIBRARY FUND $ . Balance July 1 Delinquent Taxes 2,889.68 Transfer from-O $ ..... & C 3,131.75 $ 1,568.07 $ 1,849.26 $ 2,889.68 Totals Ashland Lib. Fund ..$ 3,131.75 RECEIPTS ROGUE RIVER LIBRARY FUND Balance July 1 223.18 Estimated Receipts O & C 223.46 223.18 Totals Rogue River Lib. Fd. . $ 923.18 '4,159.79 245.00 94.44 1,231.70 185.00 5,486.00 2,416.75 4,582.84 71,142.37 1,127.44 1,459.07 180,00 8,097.29 848.89 636.46 4,031.40 3,117.03 42,556.00 12.50 112.31 67.25 110.29 115.48 61.21 '40,b'6b"o6 681,143.31 481.43 80,000.00 356.72 3.25 514.60 533.04 1,181.23 5,d84"30 241.00 175.45 1,096.23 324.71 160.50 6,750.75 2,765.50 5,449.90 83,349.25 243!l2 483.60 9,044.09 v326.37 6,500.00 3,780.57 43.72 39,176.62 3,000.00 100.00 3,000.00 1,500.00 3,000.00 60,000.00 4,000.00 (-50) (16.00) (119.81) (220.50) 11,194.35 1,062.14 159.99 118.34 30,000.00 964,929.77 226.67 17.32 4,748.04. 10,957.82 15.00 30,000.00 943,704.97 (207,320.00) ft ,398.02) (14,691.98) 600.00 17,875.00 ; 7,100.00 $1,273,879.42 $1,352,685.10 $1,295,379.97 $ 25,759.00 . Estimated Receipts 1959-60 Cash Balance July 1 . $ 114,661.59 Delinquent Taxes 2,400.00 Tax Penalties Current Taxes . . County Clerk Fees 55,000.00 District Ct. Fines & Fees 24,000.00 Naturalization Fees 120.00 Reimbursement Bounty .... 700.00 Veterans Service Officer 1,300.00 Welfare Public Telephone Health Department 28,000.00 Bail Forfeiture Civ. Def. Matching Fund Payment for Spraying Reimbursement Election Mailing Permit Misc. Receipts & Refunds 1,000.00 Insurance Payments 175.00 Sheriff Fees 6,000.00 Gun Permits f Prisoner Board 175.00 Transportation of Prisoners 1,000.00 Misc. Receipts and Reimbursements County Surveyor Checking Plats . 200.00 Justice Court Ashland Fines and Fees 7.500.00 Justice Court Gold Hill Fines and Fees ... 3,000.00 Constable Fees 4,500.00 County Farm Care of Patients .. 32,000.00 Misc. Sales Sale of Cream Office Rent 1,800.00 Sec. of State Liquor Licenses and Tax ; 8,200.00 Reimbursement Vets. Service Officer Tax on Car Companies 450.00 Health Department Licenses and Fees .... ......... 5,000.00 Tax Collector Tax Refunds Tax Refund Checks Not Cashed Dog Licenses Transferrable " 490.00 Co. Treasurer Interest on Bonds and Deposits 45,000.00 Sundry 900.00 State Game Commission Reimb. Fine Assessor Sale of Maps County Court Insurance Treat ment of Prisoners Damage Claims Policy Dividend Sale of Timber Reimb. Welfare Payment Land Sales 150.00 School Supt. Telephone Account Transferred from Relief Fund O & C Fund . 964,860.49 Co. Land Account Courthouse Const I & M Fund Jackson Co. Farm Home Fund General Road Fund Tax Refund Fund Enforcement Fund Emergency Fund General Road Fund Transferred to General Road Fund State Game Fund . - Assessor Map. Fund School Bond & Interest Fund Co. School Fund - Juvenile Detention Home Fund Juvenile Home F. E. & F. Fund Estimated Receipts Election Postage School Superintendent Planning Commission 25,000.00 438.44 25.70 15,000.00 RECEIPTS EMERGENCY FUND $ 10,260.17 $ v 8,000.00 Balance July 198.81 Taxes Clerk 22,000.00 50,000.00 587.98 (2,792.38) (177.00) (10,957.82) reimb. overpayment Transfer from O & C Juv. Deten. Home Fund Transfer to Juv. Det. Home Fd. ' Juv. O & M Fund General County Fund 223.46 12,614.99 50.00 22,335.01 $ 40,464.14 $ 47,119.76 $ 30,000.00 Totals Emergency Fund ......$ 35,000.00 2,168.05 633.71 21.33 "8,770.00 2,878.58 218.64 '"8;79i'.36 8,035.00 (8,791.30) RECEIPTS CIVIL DEFENSE FUND $ 3,000.00 4,548.00 Balance July 1 Delinquent Taxes Clerk Refund U. S. Flood Relief Transfer from O & C Transfer to Gen. Road Fund 180.00 25.00 7,343.00 $ 11,593.09 $ 11,132.22 $ 7,548.00 Totals Civil Def. Fund $ 7,548.00 BUILDING CONSTRUCTION, RECEIPTS IMPROVEMENTS AND MAINTENANCE FUND $ 130,000.00 $ (25,000.00) (80,000.00) 31.53 35,000.00 10,000.00 25,000.00 Balance July 1 .". $ 4,500.00 Transfer from O & C 41,500.00 Transfer to Juv.' Home Ad. Bldg. General County Fund $ 25,000.00 $ 35,031.53 $ 35,000.00 Totals Building Const. I & M Fund $ 46,000.00 JUVENILE DETENTION 25,000.00 (2,649.36) $ 22,350.64 55,921.83 4,627.56 V RECEIPTS HOME ADMINISTRATION BUILDING FUND Balance July 1 Transfer from Bldg. Const. Fd, Transfer to-Juv. Det. Home Bid. Fd. 2,649.36 60,549.39 1,340.23 1,398.02 2,792.38 972.94 (587.98) i Totals Juv. Detention , Adm. Bldg. Fund RECEIPTS JUVENILE DETENTION HOME FUND Home $ 63,198.75 $ 66,464.98 Balance July 1 Delinquent Taxes Transfer from Juv. Home Ad. Bldg. Fund General County Fund Emergency Fund Juv. F. E. &.JT. Fund Transfer to Emergency Fund Totals Juv. Det. Home Fd. $ ...... RECEIPTS JUVENILE DETENTION HOME OPERATION & MAINTENANCE FUND Wednesday, June 10, 1959 ' A MAIL TRIBUNE, MeiforJ, Or. LAST TIME Graduating cadets at the U.S. Military Academy at West Point throw their hats in the air at the end of their training period. This class of '59 will be the last to participate in the colorful tradition. From now on the cadet corps will be equipped with official service caps which can be worn as officer's caps after changing the in signia. - o Tendency To Belittle Bond Market Lacking Earlier Vigor 13,495.95 "l57 7.41 $ 13,515.93 $ 2,000.00 Balance July 1 ..$ 510.00 .. .: "... .'. Current Taxes 1,338.31 .:. .-. Delinquent Taxes 200.00 Housing Authority Transfer from Co. Land Fund 177.00 Emergency Fund (59.36) Transfer to Juv. F. E. & F. Fund 15,068.00 Estimated Receipts O & C 19,226.66 $ 13,515.93 $ 14,971.88 $ 17,068.00 Totals Juv. Home O & M Fd. $ 19,936.66 JUVENILE DETENTION HOME ... 14,691.98 '. 59.36 (972.94) RECEIPTS FURNITURE. EQUIPMENT & FIXTURES FUND Balance July 1 Transfer from Gen. County Fd. Juvenile O & M Fund Transfer to Juv. Det. Home Fd. $ 13,778.40 $. Totals Juv. Det. Home F. E. & F. Fund Total General County Fund ..$1,358,582.08 325,972.85 8,686.73 31,464.00 16,360.75 1,641.00 250.00 'iib33"42 770.62 165,369.99 27,727.89 :- 20,240.88 488,353.97 3.50 872.40 481,924.72 .50 325,646.60 3,179.99 23,274.85 11,779.25 1,472.25 RECEIPTS GENERAL ROAD FUND 1,151.05 929.31 403.49 169,652.05 . 27,412.62 11,946.71 493,293.15 $ 290,000.00 """21,600166 11,000.00 1,000.00 .150,000.00 10,000.00 , 15,000.00' 450,000.00 666,201.72 729,650.00 Balance July 1 Delinquent Taxes District Court Fines ; Justice Court Ashland Justice Court Gold Hill Circuit Court Fines County Ct. State Hwy. Refund Sec. of State 5 Land Sales , -44 Mill Levy Forest Reserve Co. Engineer Misc. Services - - Gas Tax Refund Transfer from Motor Lie. Fund Gen. Co. Fund County Land Fund O & C State Game Fund 213,000.00 1,300.00 25,000.00 16,000.00 2,000.00 750.00 400.00 316,427.00 18,000.00 14,000.00 505,000.00 175,637.00 -AGRICULTURAL -,, : 104,000.00 RECEIPTS & HORTICULTURAL STATION SINKING FUND 83,609.32 30,000.00 Balance July 1 .. $ Transfer from O & C Interest ; . 27,250.00 691.37 $ 104,000.00 $ 113,609.32 Totals Ag. Sinking & Hort. Fund ... Station ..$" 27,941.37 11,146.93 19,422.85 1,225.00 16,465.35 53,856.66 193,710.00 RECEIPTS COUNTY SCHOOL FUND 5,766.89 $ . .... Balance July 1 6,613.37 .... Delinquent Taxes 430.00 District & Justice Court Fines 18,119.77 '. Irreducible School Fund 56,538.04 1 Sec. of State Forest Res. Rentals 206,160.00 Transfer from O & C 207,320.00 -General County Fund 425,040.00 $ 295,826.79 $ 294,788.07 $ 206,160.00 Totals Co. School'Fund $ 425,040.00 RECEIPTS CAPITAL IMPROVEMENTS SINKING FUND Balance July 1 Transfer from O & C . 65,000.00 5,017.31 7,142.06 (10,698.00) 1,461.37 1,229.43 (2,690.80) Totals Cap. Imp. Sink. Fd. ..$ 65,000.00 RECEIPTS MARKET ROAD FUND Balance July 1 1 i Delinquent Taxes , Transfer to General Road Fund 1,461.37 7,800.62 1,602.18 13,495.89 13.62 7.41 Totals Market Road Fund 6,926.18 1,886.38 18,864.00 RECEIPTS HISTORICAL FUND 8,000.00 11,734.00 Balance July 1 Delinquent Taxes Current Taxes Housing Authority Transfer from Co. Land Fd. O & C 25,759.00 $ 22,919.72 $ 27,676.56 $ 19,734.00 Total Historical Fund $ 25,759.00 RECEIPTS O & C EXCESS FUND Actual By ELMER C. WALZER UPI Financial Editor New York-UPD-Not long ago investors didn't have a single good word for bonds. Common stocks took top - rating in all discussions. Now there's still a tend ency to belit tle the bond market, but it lacks the vigor of the earlier antipathy. People are beginning to look at bonds and talk about their high yields in contrast with low-yielding stocks. ' 1 Articles are being written calling attention to senior se curities. Even the current stock exchange magazine, "The Exchange" has a page devoted to them. "The Exchange" points out that on the basis of letters re ceived, most of its readers are primarily interested in equity investments-common stocks. Many, However, assert their Izer Elmer Wi chief investment objective is income. . Bonds Underrated i change, "Perhaps," says 'The Ex change', "some of these in vestors are missing a bet by not looking into the merit of sound bonds. "If they usually offer less prospects of capital gains than the best common stocks, high grade bonds are generally saf er than equities."' "The Exchange" publishes a list of 20 bonds with yields above 4 per cent, and notes all of them show returns, of one per cent or more above the current yields for many prom inent stocks. Eldon A. Grimm, analyst for Walston & Co., also writes on high yield bonds-a utility around 5 per cent, government bonds, 444 to ArVi per cent for some issues; municipals as high as 8 per cent, and notes all of them show returns of one per cent or more above the current yields for many prominent stocks Eldon A. Grimm, analyst Small Worlds Around Us s By Lynn M. Watkins It's a Mechanical Age For Some Mice, Too During the summer It was pleasant. Food was plentiful, the living easy. But when the air gets frosty, the mouse clan seeks a warm building. For the young and inexper ienced mouse, born outdoors, there are many strange and dangerous contraptions a s well as hazards with which he must acquaint himself. To live inside a house he must develop a slight flair for mechanics, for he will be in contact with dangerous things. Refrigerators, for instance. The lower part of these ma chines afford many hiding places 'for a mouse but he must exercise judgment. He must adjust himself to spin ning wheels, rapidly travel ing belts and dangling wires. When the machinery starts, the mouse who has decided to live alongside the motor will experience some anxious mo ments. Dangerous Fan Usually there is a fan whirling with a nasty hum that can cut him in two. $ 293,668.11 1,867,393.17 (681,143.31) (481,924.72) (15,000.00) (22,521.09) (1,478.91) (8,770.00) (193,710.00) $ 756,513.25 1,579,978.15 (964,929.77) (666,201.72) (50,000.00) (26,274.61) (1,725.39) (8,035.00) " "(35,000.66) (104,000.00) (18,864.00) Receipts $ 461,460.91 1,720,960.67 (2,021,602.77) Balance July 1 '. Receipts O & C Transfer to Gen. Co. Fd. General Road Fund Emergency Fund Medford Library Fund s Ashland Library Fund Civil Defense Fund County School Fund Courthouse I & M Fund ' Ag. & Hort. Station Fund Historical Fund To Be Transferred '. $ 160,818.81 . 1,921,097.56 (2,081,916.37) $ 756,513.25 $ 461,460.91 $ 160,818.81 Total Excess Fund Labor's share of the United States national income rose from about 50 per cent in 1929 to about 67 per cent in 1950, according to tabulations of the Bureau of Labor Statistics. . A collection of the works, personal effects and pictures of Herman Melville, author of "Moby Dick," are on dis play in the Berkshire Athe naeum of the public library in Pittsfield, Mass. per cent of teachers have university de- Nearly 84 Utah's school at least one gree. - - The Philippine Independ ence Day is the same as that of the United States, July 4. Adams Youth Wins Two Steer Prizes The Dalles (DPD Roger Rothrock of Adams won the grand champion steer and also the reserve champion steer prizes Tuesday at the an nual 4-H and FFA livestock show and sale here. It was a repeat perform ance for young Rothrock. He showed the grand champion and reserve champion steers in 1956. Northeast Oregon high school boys topped the FFA livestock judging contest with winning teams from Wallowa, Enterprise and La Grande. Garry Willet of Wallowa was the show's high indi vidual in judging all animal divisions of beef, sheep and swine. Grant county's team won the 4-H livestock judging con test for the second straight year. Charles Adams, 15, Clat skanie, was high individual 4-H judge. There's also a certain vibra tion. At first this must shake the little animal until his teeth rattle. Every time the motor starts or stops the mouse will become vibrant with the motion. The mouse in the engine room of the refrigerator must ' sense the fact that if he can adjust himself to the shaking and rapidly moving wheels and belts, he will be really sitting on top of the world. The advantages of his adobe cancel out the danger and the noise. On a cool night the motor heat is comforting. He is in a place where the fam ily cat can never come. Even the housewife seldom looks in the engine room compart ment. And if by some strange co incidence of nature a little girl mouse comes to live in the engine room, his cup of joy runs completely over. Offspring . A little later, if no acci dent befalls such as a snap ping trap, a litter of baby mice will come to gladden the nest. Mr. and Mrs. Mouse don't know it but their child ren, born in this mechanical environment, also will be faced with problems that mice born a few years ago never had to contend with. For from their first glim mer of consciousness their world shakes every few min utes; every time the refrig erator motors starts. By the time they are big enough to leave the home nest to start out on their own, they have almost acquired the "shakes." It must be somewhat discon certing to leave this strange, vibrating world and stand solidly on the immovable kitchen floor for the first time, to find that the larger world is more stable than they knew. Even when the motor-impulses of their mechanical "home" is left behind, in spite of themselves, they probably will continue to shake and vibrate. Environment can do some strange things even to a mouse. (Released by The Register and Tribune Syndicate, 1959) for Walston & Co., also writ. on high yield bonds-a utility around 5 per cent, government bonds, 4-V4 to 4- per cent for some issues; municipals C high as 8 per cent to 10 99 cent for those in high tsj brackets. People who buy strictly for yields," says Grimm, "no would favor bonds over most! common stocks. This woulft) apply to elderly people, banj q trust officers, insurance eof pany officials, pension' fung) trustees, uni1ersity officfcW high-bracket taxpayers gbg buy municipals." Grimm points out, howevafi that common stocks mf yield" more than they jmg) out, because only part of feufjs) ings are paid out to shareholw ers. There might be a grogt)!) factor too. Sometimes, he sayS) tgl mon stocks go too high ttjBfe porarily and the growth fecfc can be anticipated too tltf) advance. Prophetic Words Incidentally, that Pg,t! the magazine, "InveoV dig up a statement b$ W$) Winkler, economist, in 2ff. "The stock market" tit) Winkler back there, "j$PoD only discounting th$ futf- but the hereafter." Grimm finds commoniitotjg) more popular than bondg fm& cause they offer hfSf9 agains inflation. Also comntejft) stocks may raise dividenff All common stocks r its considered good infftt0). hedges. One of these pofg$) is the utility. " ' Recent declines in utilip) stocks are ascribed to th$ ifcMD that the utilities ai) mottlff yield issues and hence mtsjfe) adjust to higher yields r) fleeted in the bond mai$st. But there are growth utili ties too, according to Grimm. He cites among them, utilitiesO operating in such states Florida, Texas, and Arizong. All-Time High Noting that the aventg yield of 20-year bonds is cu) rently : at an all-time hgh, Alexander Hamilton Institute says. Most bankers and nomists agree that whilg) bonds prices may go still lof er, the investor at todg$) prices can hardly go wrong) over the longer term. Of course, it adds, "wfffe thinking of good quflijjp? bonds, which vary in pritg) with interest rates, r1 than than some specufetitft situations which may or not work out, and, therff oxf belong in the hands otOfej speculator rather than $$6?) vestor." Collier Changtg Party to Democrf Yreka-flJPD-State Sen. 9fi$) dolph Collier has change! ffig) party affiliation to Demo cratic. The change was filed in district court by the regft trar of voters, Louis Sbarbro. Collier, the senior Repub lican, now will become the junior Democrat. He has been elected in the primaries every four years since 1938. Collier represents Siskiyou and Del Nort counties, both heavy in Democratic registration. "My decision to change my registration to Bemocrat was not arrived at hastily," the senator said. "I feel that in the light of current governmental develop ments in California, my ideas and principles are more in line with the philosophy of the Democratic party than with any other political organization." The University of Santo Do mingo in the Dominican Re public was founded in 1538. O