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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (June 16, 1959)
0 Tuesday, June 16, 1959 MAIL TRIBUNE. Medford, Or. 13 TheyH Dp I Every Time ln.- By Jimmy Hatlp The Inquiring Mind This series of articles, on many different subjects, results from work by senior students at the school of journalism at the University of Oregon. Each is a. con densed version of a full-length thesis written as partial requirement for graduation at the schooL Smoother S g-ss, aoAD Builds as CONTRACTORS, SUtLD THE FINEST ROADS THERE AREPERFECT IN EVERY DETAIL OF THEOBSXACUI ?.t M TiTrT-jlr iQrjil IF COURSE LEADING TO ISX JBclRPIME THEIR BAILIWICK- SOrl f ! lS StgOnASS o Investment Firms $15 Business During Past By ELMER C. WALZER UPI Financial Editor New York flJPD Investment companies have risen to a $15 billion business at the present time r o m a iitue more than $1 billion 20 years ago. - Arthur Wie s e n berger of the stock, ex change firm that bears his name, brings that out in his er Walzer annual book, "Investment Companie s." , This book now in its 19th year of republication is con sidered the bible of the invest ment company industry. It gives details on all the investment funds. In addition it plots a course for invest ment generally with earnings against pitfalls .that might hurt the investor. Dangers in Speculation Noting there is nothing wrong with speculation, Wie senberger in his foreword frT 1 - V , -J Scientific Theory O n Ca nee r Sa id To Have Bad Affect By DELOS SMITH (UPI Science Editor) New York (DPD-The scientif ic theory which has guided much of the total world effort to solve the cancei;' riddle for more than 50 years, "has resulted in no good thing, . but in much that is bad." This is no - ordinary criti aaJ cism : because Delos Smith it is the criti cism of Dr. Peyton Rous who, though he is largely unknown Lto the general public, is a grade-A international celeb.ri- 1 ty in cancer -science. - f ' . Some of the 'Jbad," he said, . is that devotion to the theory has caused many scientists to conclude cancer is "inherent" , in life itself and therefore can't be solved until the very secrets of life are solved. ,' . "Here is fatalism to blast ;many a hope and effort," he . continued. "Fortunately, the public, now empowering large-scale attempts to cure cancer, are a hard-headed gen eration. They have learned the lesson of the antibiotics, substances, transcending , all medical preconceptions." Research Urge Dulled . 'But "most serious" of the "bad" is the effect of the the ory -on scientific research workers. "It acts as a tran quilizer on those who believe in it," said Dr. Rous, "and this at a time when every worker should feel goaded :now and again by his ignor- .ance of what cancer is." ; The theory is the "somatic mutation hypothesis,5' and it should be understood that in science, theory is most useful. ' You take the known facts and from the way you relate them to one another, you try to get an idea of the nature of the unknown facts. When you get that idea, you have something ;to prove or disprove. ; : The most conspicuous fact about cancer is that cancef- DAILY'S Body & Pain! Southern Oregon's ( Oldest and Finest ) 29 S. BARTLETT Phono SP 2-2395 warns against the prospect of one who thinks he invests and winds up speculating. "All too often is speculation undertaken unwittingly by un wary investors," Wiesenberg er says. "Most know the pat ent risks of speculation, but few are aware of the latent risks. "As profits mount in a ris ing market, a feeling of com placency and satisfaction is only natural, but the investor should not mistake good luck and good fortune for intelli gence and wisdom. "Riding stocks up in a bounding market can be like driving a car through moun tainous terrain. One jar of the wheel, one moment of inat tention and both car and driv er can be in trouble. At such times the use of investment company shares as a vehicle for sound investment is hot only desirable but well-nigh indispensible." Inflation Spreads He devotes a chapter to in flation with the admonition ous cells arise somehow out of the normal cells which are called somatic or body cells t& distinguish them from the germ cells which have the power to initiate new and in dependent life. Germ -cells 'mutate" or change and when it happens, their descendants can be freed of laws which governed the parents. From this last fact, you can get the idea that somatic cells also mutate. When you add the fact that cancerous cells are outlaws when compared to the normal cells from which they originated, you have. the "somatic mutation hypothesis." But the followers of this theory, Dr. Rous said, have yet to prove that the somatic cells of human beings mutate. They have proved that the somatic cells of plants and of the lower forms of animal life do mutate and this, of course, has given more reason for faith in the theory. They have also proved that "hundreds" of chemical substances and outside conditions can start the cancerous process in hu man bodies, but they have yet to show that any of these set off 'mutations" in normal so matic cells. . Rous' Theory Dr. Rous, who will be 80 years old next October, is an adherent of the theory that vi ruses set off the cancer proc ess. ' He -proved beyond any quibble that a certain type of cancer of chickens is caused by a particular virus. That cancer is now called . "Rous virus sarcoma." It is the bas is of his celebrity in science, although he has made many more contributions. Since his discovery, a num ber of .other viral cancers have been discovered, but on ly in animals. So far no hu man cancer has been proved to be of viral origin. Howev er, these animal facts are the basis of the theory that virus es cause human cancers. If so, Dr. Rous references to the lesson the "hard-headed" public learned from the antibiotics, is apt. The anti biotics cure diseases caused by bacteria which once were considered incurable, as can cer still is. From this fact a theory can be developed that it would be possible to deal with human cancer viruses (if they exist) just as effect ively. Dr. Rous, a native of Balti more, has been affiliated with the Rockefeller Institute since 1909. He attacked the "so matic mutation theory" in the technical journal, "Nature." Billion 20 Years that inflation has been going on here for at least 25 years and has spread to most of the nations of the world, "Actually," he says, "infla tion calls for no change in the rules of investment, although it may involve a change of attitude or modification of at titude upon the part of the investor. For what inflation does is to speed up economic and financial events and in crease the velocity of change." Wiesenberger devotes the first 123 pages of his 416 page book to text on all phases of investing, stressing investment company issues. The remaind er is devoted to individual in vestment companies. A chapter -on "life insur ance and your investments" proved popular last year and has . been expanded in the latest edition. Fallacies of Reasoning The author notes it is the intention of this chapter to show the fallacies in certain types of reasoning about life insurance. These misconcep tions, he says, unfortunately have probably led many peo ple to pay for far more than they needed to and still get less protection than their cir cumstances required. "These misconceptions," he adds, "may also have dis couraged people from invest ing at least a part of their savings in common stocks, which in the past have helped reduce the effects of infla tion." . He notes that large invest ors who have the means to obtain investment manage ment are in many instances turning to open-end invest ment company shares a move he looks upon as highly significant. For Smaller Investor These open-end companies, he notes, were designed origi nally for the smaller investor, But the large investors like the availability-of past rec ords, the diversification, and liquidity of the shares, he says. Open-end companies are those with no fixed number of shares outstanding. The company buys and sells its shares as the demand requires. Any investment company that is ready to repurchase its own shares at or near asset value is considered an open - end fund. . ; Beatty Cattleman Temporarily Wins - Pum People War Beatty -(CPD- Cattleman Jay Fair claw, with the help of the Oregon State Game Commission, has destroyed a dam. rediverted his diver sion ditch and won a war with the Pum People. The Pum People are beav ers, so named by Indians of the nearby Klamath Reservation. : The beavers began build ing their dam across Fair claw's diversion ditch using trees as large as 16 inches through. Fairclaw needed the wa ter for his ranch and opened the battle with the furry, flat - tailed engineers. He wasn't too successful. He hung a lighted lan tern, following a neighbor's suggestion, but the beavers blew out the light and went back to work. Jack Thomas of the Game Commission moved in and trapped two of the builders and one red-tailed hawk. Rancher Fairclaw be lieves the beavers had the help of beaver friends who may return, and is keeping his fingers crossed. Last year about 200 indus trial concerns began using radioactive by-product mater ials. Argentina was ruled by the Spaniards for 300 years until it proclaimed ints independ ence in 1816. THE 49TH STATE- ITS PROBLEMS AND FUTURE By Daniel W. Davies Many romantic stories have been told about Alaska, our 49th state, and although the truth may have been liberally mixed with fiction, Alaska is truly the land of tomorrow. Physically, the state is 586, 400 square miles in size, one fifth the size of the other 48 states together and more than twice the size of Texas. If it were set down in the Middle West it would cover Minnesota, and about half of Nebraska and the Dakotas. In this enormous area Alas ka houses fewer persons than any other state in the union except Nevada. As of Janu ary 1, 1957, the estimated civilian population was 155, 700 persons and military population figures, . available only through 1956, fluctuated that year between 45,000 and 50,000 persons. . People Support Stale Yet one can't truthfully say that Alaska supports even that 200,0.00 plus population today because in many cases it is the people who support Alaska. In 1957 the tourist trade took in 829,000,000 and since World War II Alaska has been riding along to a substantial extent on defense construction expenditures. Originally discovered in 1741 by Vitus Bering, a Dane Preliminary Hearing Set for Wednesday . The case of Orin S. Bow man j Pasco, Wash., charged with uttering and publishing a false check, was continued until Wednesday at 9:30 a.m. in district court for a pre liminary hearing. Bowman is charged with issuing a bad check for $23.61 to the Groceteria Super Food Market on April 7. Bowman had previously appeared in district court Friday when his case was continued until yes terday. Tops Everything 9144 12-20,40.42 SEW-EASY! See the diagram-even a beginner can whip up this classic topper in jiffy time. Note casual lines, turn-back cuffs.. Choose wool, bengaline, linen, cotton. To morrow's pattern: Misses' ac cessory dress. Printed Pattern 9144: Misses' Sizes 12, 14, 16, 18, 20; 40, 42. Size 16 takes 2 yards 54 inch. Printed directions on each pattern part. Easier, accurate. Send THIRTY-FIVE cents (coins) for this pattern-add 10 cents for each pattern for first class mailing. Send to Marian Martin, Medford Mail Trib une, Pattern Dept., 232 West 18th st. New York 11, N.Y. Print plainly NAM E," AD DRESS with SIZE and STYLE NUMBER. Jpf ) back. Vj - - I I POI IVY or 'SUMAC (IVY-DRY) iyYPKyj ... 1 who sailed under orders from Catherine the Great of Rus sia, Alaska has a history as our frozen north treasure chest that has been exciting and occasionally stormy. The Russians established a settlement on one of the is lands in 1784 and began at once to ravage and deplete the northern country of its rich furs and skins. By 1885, because of world political con ditions and the condition of the trading and trapping busi ness in Alaska, the Russians were anxious to dispose of the territory. Sold to U.S. As every school child In America knows today, in 1867 Secretary of State Wil liam Seward negotiated for and finally agreed to pay $7,200,000 for the "useless piece of frozen tundra," Since 1867 Alaska has yield ed more than $1 billion worth of minerals alone. In 1857 the leading income sources were based on natural resources: Fisheries, $79,229,265; timber, $38,900,000; mining $24,921, 000; furs, $6,832,000; and ag riculture, $4,500,000. At the present time the mining and fishing industries are on the decline and agriculture and construction are gaining in importance. Today in the new state one of the most plentiful ingredi ents is optimism. When Alas ka became the 49th state the federal government gave it the largest land grant in the United States history. Uncle Sam promised Alaska 103,- 350,000 acres of its total area of 375 million acres. This means that the state will own more than one-fourth of its total acreage, with the specific areas to be selected by Alaskan officials during the next 25 years. Retail Trade Tops According to figures releas ed by the Census Bureau in 1956, retail trade in Alaska was the state's largest employ er. There were at that time 890 retail traders, including 281 eating and drinking places, 102 grocery stores, 75 clothing stores, 36 auto deal ers, 37 building materials and farm equipment "stores, 34 liquor stores, 32 furniture and appliance stores, 14 jewelry stores, and 13 fuel and ice dealers. The majority of these estab lishments employed between one and three persons and there were only three which employed more than 100. Public utilities employed 3,923 workers; construction had 2,968 persons on the pay rolls; manufacturers employ ed 2,635; food and kindred products employed 1,082; lum bering employed 550; and newspapers supported 264. The. report shows that serv ices provided work for 2,696 persons and wholesale trade merchants' employed 1,159; there were 912 persons em ployed in finance, insurance and real estate, but mining accounted for only 788 jobs Labor Surpluses Despite the fortunes that Alaska has provided in the past, it is not yet ready to support a large influx of per sons. In October, 1958, Fair banks, Anchorage and Ketchi kan were classified by the U.S. Department of Labor as surplus labor areas. This prob lem was partly attributable to seasonal layoffs, but before the employment problem can be overcome additional indus try must be attracted to the state. Observers seem to feel that the race will be on in Alaska if and when the oil industry develops. Although explora tions have been conducted for many years, it wasn't until July, 1957, that a real gusher was brought in. The Richfield Oil Co., drilling on the Kenai Peninsula near Anchorage, brought in a well at 11,000 feet with a reported flow of 900 barrels a day. . If the oil industry booms, as it is giving every indica tion that it will do, the land of tomorrow will be here, However, if the project proves to be a flop, it is obvious that some other phase of Alaska s vast riches will have to be developed before the state can begin to support any where near its population po tential. Stops Itch Dries Blisters This scientific tannic acid treatment is gentle and SAFE for children and adults. Dries up blisters often within a day. IVY-DRY Lotion IVY-DRY Cream IVY Super DRY - 79c 79e U9 AT YOUR DRUGGIST carry-all METAL TORCH EC IT with handsome metal carrying cose Here's a double value carry-oil torch kit with alt the accessories you'll need for hundreds of jobs around the home or shop. Ideal for sweating copper tubing, paint removina. solderina. tile ettina. Eahtina charcoal NOW ONLY fires, etc. Regular $12.20 Torch value PLUS FREE $ 995 HANDSOME METAL ALL-PURPOSE CARRY 1NO CASE. Complete DeWalr Radial Arm Saw Demonstration 4 Hubbard Wray Co. Showrooms 22 South Riverside e Please come in or call in to register Seating Is Limited FREE REFRESHMENTS Factory List Price I yZHaUTmWMBINATIONN IfTxvmX 2- 1 RIP CIRCLE J SPECIAL FATHER'S $ DAY PRICE Powerful! Compact! Yet lightweight! It cross-curs, rips, scrolls, notches even makes its own starting holes for pocket curs, series wound heavy duty motor with oiled for life bronze bearings. Ram speed 2800 strokes per minute. 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