Medford mail tribune., July 15, 1959, Image 13

r -
jSTRATEGY MEET Western diplomats are pictured in Geneva as they gathered to
discuss strategy prior to the resumption of the Big Four foreign ministers confer
ence on Berlin. Ift to right: Giuseppe Pella of Italy, British Foreign Secy. Selwyn
Lloyd, Foreign Minister Maurice Couve de Murville of France, U. S. Secy, of State
Christian Herter and German Foreign Minister Heinrich Von Brentano. '
Dividend Tax Credits Latest
In Washington Drive on Thrift
Br ELMER C. WALZER
UP! Financial Editor
New York (UPD - The Wash
ington drive against thrift
continues with -dividend tax
credits the
latest target.
A few days
ago the Sen
ate tacked on
amen dment
t o abandon
dividend tax
credit to the
bill continu
ing the 52 per
Ekncr Walxar
cent Korean
war corporate
income tax
rate. The amendment was sub
sequently dropped.
' Now, it is learned, another
drive will be made to abandon
the corporate tax credits
These are an exclusion on the
first $50 of dividends and a
4 per cent credit on the re
mainder of dividends received
by stockholders.
. Aside from this minute re
lief, dividends are subject to
dauble taxation once as in
come to the corporation and
again as income received by
the stockholder.
- If the dividend credits were
removed, it is estimated that
three million small stockhold
ers would be hit hardest be
cause their holdings of stock
are so small the divident ex
clusion makes their dividends
tax free.
The Stockholders Army
A total of 9,940,000 other in
dividuals would be forced to
pay higher taxes if dividends
were fully taxed. These are
the stockholder army - 9,-
490,000 plus three million', for
a total . of 12,490,000 shore-
owners of American industry
revealed in the recent stock
exchange survey,
The trouble with this giant
group, of course, is that it
isn't organized much more
than the 120 million owners
of life insurance policies who
recently had to stand glumly
by and witness a 55 per cent
tax increase on insurance
. companies a tax that will
make insurance cost more
through reduced dividends,
and on new policies through
possible increases in premi
ums. ,
Dividend credits were vot
ed in 1954, and here is what
has happened since that time:
Corporate dividents have
jumped $3 billion annually.
Government tax income
on dividends has risen instead
of fallen. The rise in the past
two years has been $400 mil
lion. -
. Share ownership has ris
en 45 per cent to 12,490,000.
. Investment has increased
sharply in common stocks.
Stock financing has risen
moderately, and bigger in
creases are anticipated.
Small Tax Relief
Each of these is attributed
to the small tax relief.
The Senate move to elimin
ate the tax credits came sud
denly and without warning.
Some groups, notably the New
York Stock Exchange, and
Stockholders of America, took
prompt action, and are credit
ed with helping force aband
ment of the plan.
The next attempt to tax
stock investment thrift will
find a much bigger array of
artillery to combat the taxers.
; So far the groups hit by
anti-thrift taxes are the ones
feared least by politicians at
election time.
With a stockholding army
of 12,49tf,000 persons, grow
ing at a rate of 100,000 a
month, things may be differ
ent in the future.
Some day perhaps the life
insurance policy holders, and
those millions who have sav
ings accounts, as well as the
near 13 million shareowners
will really become vocal -and
then the taxers will be
in trouble.
Abolish Double Taxation
Wall Street experts are con
tl: SLA
:9
vinced that double taxation
of dividends ought to be abol
ished in an honest tax bill.
They don't expect such re
formation. But they do advo-.
cate increases in credit rather
than elimination of this stim
ulus to thrift.
A sounder program than
the present . one, . it is held,'
would be a $100 dividend tax
I f tf 1
"l IIP
APPLEGATE VALLEY
County Roads Completed
By MAUDE ZIEGLER
Applegate Valley - Crews
from the county road depart
ment of completing section of
highway in the valley, includ
ing a four - mile strip from
Buncomb to Yale creek, ac
cording to Gail Buffington,
local road maintenance fore
man. Oil matting, or a coat
of crushed rock and oil is be-
ingn Used on the Little Apple-
gate strip. '
Last month a two - mile
stretch of asphalt paving was
applied to the road below
Cooper, and in a few weeks a
ceiling coat will be added to
this, which completes the
paved highway on upper Ap
plegate to Cooper store, Buf
fington said. A four mile
stretch of asphalt is being fin
ished on Thompson, creek ex
tending from the White place
to the Josephine county line
Mr. and Mrs. Robert Ra
metes and family of little Ap
plegate spent the week end at
Crescent City and Brookings
Mr. and Mrs. Larry Tweedy
left last week for a month's.
vacation trip to Texas.
Mr. and Mrs. Charles Wil
liams, accompanied by Mrs.
Williams' mother, Mrs. Etta
Hess, drove to Ft. Jones, calif.
Saturday, where they were
guests of Mr. and Mrs. Ed
Steiger, son-in-law and daugh
ter of Mr. and Mrs. Williams.
Fifteen members of the
Medford Trail Riders' club
spent July 4th in this area,
spending the night at Yale
camp ground. Sunday they
made the trip to Cinnibar
lookout, where Mr. and Mrs.
Ike Coffman of Jacksonville
are on duty.
. Mr. and Mrs. Ray Off en
backer are vacationing in
their trailer house at south
ern Oregon lakes I this sum-
mer.They spent some time at
Wilson lake and are at Dia
mond lake at the present.
Their home is occupied this
summer by Mr. and Mrs. Clif
ford Loganbeel of northern
California. .
Mrs. Lora A. Scott and
family of Santa Susana, Calif,
are new residents of the com
munity, having purchased the
Rhodes property on upper Ap
plegate. Mr. and Mrs. Frank Morris
and son and daughter of Oak
land, Calif., have returned
home after spending a week
here with Mrs. Morris' moth
er, Mrs. Harry Helms.
Mrs. Glenn Saltmarsh at
tended an annual family re
union of her brothers and
sisters and other members of
the Hamilton family at Haw
thorne Park in Medford July
5. Sixty-four members attend
ed the event, some coming
from Oklahoma, Los Angeles
and Seattle.
Miss Bonita Hard is spend
ing three weeks at the home
of her sister, Mrs. Bill Fitz
simmons, at Griffin creek.
Mr. and Mrs. Nerval Moore
of lower Applegate left re
cently for Los Angeles area
to visit relatives before leav
ing for Europe to spend the
summer. They flew their own
plane to Orange, Calif.
exemption and a 10 per cent
tax credit on the remainder
of dividends received by
stockholders. -
Such -change, it is held,
would eventually result in
higher tax " returns for the
government, a more liquid
stock market, and more stock
financing by industry to ret-
habilitate and expand its
plants. . . .
xmts. Arm in mcnter- was
hostess to the Little Apple-
gate Sewing club ladies at a
picnic at her 'home recently..
Mrs. Edna Buck of Malin,
Ore., is visiting here at the
home of her son, Otis Buck,
and with her sister, Mrs. Met-
ta Buck.
A group of visitors to the
Little Applegate area Satur
day were Mrs. Harold Crump
and daughter, Janet, and
grandchildren, Rollin Jr:, and
Susan Crump of Harbor, Ore.,
and Miss Edna Wisley of San
Mateo, Calif. Mrs. Crump and
Miss Wisley taught school
here about 35 years ago, and
Miss Wisley still is in the
field of education, and is a
rural supervisor in the Cali
fornia school system. The
group were guests of Charles
Dunf ord and other friends.
Mr. and Mrs. Rex Davis
and - family and Fritz and
Mary Beth Ramsey drove to
Crescent City Friday.
- Mr. and .Mrs. Elvis Offen-
bacher of Areata, Calif.,, vis
ited relatives here recently,
including Mrs. Offenbacher's
sister, Mrs. Norman Kubli of
Medford.
Gary Smith, son of Mr. and
Mrs. Glenn Smith, and stu
dent of Medford High school
next term, has vacation em
ployment at the Myron Root
orchards at Medford. His sis
ter, Miss Jean Smith, who
will return to Southern Ore
gon college this fall, is em
ployed with Medford Meat
company during vacation.
Mr. and Mrs. B. J. Hunter
spent several days at Brook
ing recently. They were ac
companied by their class of
10 young people of Provolt
Daily Vacation Bible school.
Rural Reflections: Reports
on feathered friends include
the unusual doings of Boy
Blue, the Squaw lake para
keet, who almost daily takes
flight over the lake and area,
to the amazement of onlook
ers. Weariness, and hunger
bring him back to his cage
at the home of Mr. and Mrs.
Frank Mitchell, resort mana
gers. . His accidental escape
and obedient return earlier
in the season resulted in his
present liberty. '
Jobholders Set
All-Time Record
Washington -(UPD- The num
ber of American jobholders
rose to an all-time high of 67,-
342,000 in June, the govern
ment reported Tuesday.
This was 121,000 more than
the previous all-time high of
67,221,000 set in July, 1957.
rne government also re
ported that job-seeking stu
dents and June graduates
boosted the total number of
unemployed to 3,982,000 in
June, up 593,000 from; May.
But unemployment declined
among .adults 25 . years . of
age and over.
The rise both in employ
ment and joblessness was
mostly seasonal, the Labor
Department said. Farm em
ployment spurted by 823,000.
$278,069 in
Illegal Welfare
Funds Recovered
Portland (DPD - The recov
ery division of the State Wel
fare Commission has recov
ered $278,019 in illegally ob
tained welfare payments since
August, 1957, the office of
Roy Terry, head of the divi
sion, said Tuesday.
Cash collections in welfare
fraud and related cases to
taled $20,085 in June, passing
the $20,000 mark a month for
the first time.
The collections were expect
ed to receive the attention of
the interim committee creat
ed by the 1959 legislature to
investigate the welfare pro
gram. . .
Court Judgments -
, In addition to cash collec
tions, " the division has ob
tained $106,688 in court judg
ments and $64,033 in promis
sory ' notes in Multnomah
county alone. The judgments
and notes call for payment to
the state.
Terry said the cash collec
tions did not indicate the full
scope of the division's activi
ties. He said several "free
loaders" had been frightened
off the welfare rolls, and
many fathers had been per
suaded to support - children
who were on welfare. -
The division has 972 cases
pending in court, most of them
calling on parents for child
support money.
DENYING he owns any part
of welterweight champion
Don Jordan, Mickey Cohen
nonetheless attended the big
tignt in Portland, Ore. He
poses here in pajamas.
Horses Nearing
End of Career at
Army Barracks
Santa Maria Calif. iUPD
Twelve horses who have been
assigned to; rounding up cat
tle and escaped prisoners at
the Army's disciplinary bar
racks near here will lose
their jobs on Aug. 1.
That's when the barracks
will be closed, most of its in
mates transferred to Fort
Leavenworth, Kans., and its
personnel assigned xto other
Army duties.
For the horses, it will very
probably mean the end of
their military careers, since
the only other horses left in
the Army are those used for
military funerals and parades
m Washington.
To Get Physical
As for the possibility of
working for some other
branch of the government,
the 12 horses here will be
given a physical to determine
whether they are fit for fur
ther duty. If so, they will be
turned over to a property dis
posal officer for transfer to
any agency that can use them
If not, it may be the end of
the trail.
At the disciplinary barracks
the horses have been em
ployed primarily to appre
hend prisoners who have
"walked off' the premises.
But they have also been rid
den by inmates assigned to
herd the 500 head of cattle on
the DB's vocational training
farm. "
No Special Treatment
Less than a year ago, the
horses proved their worth in
rounding up fugitive prison
ers. One inmate attempted to
flee on horseback through the
maze of canyons near the bar
racks seeking to reach U.S.
highway 101. But guards, also
on horseback, picked him up
within a matter of hours.
The 12 horses - one mare,
10 geldings and a colt have
received no special treatment
although they are the largest
and probably the" last troop
of Army "calvary."
Until two years ago, it was
customary for the horses to
appear with their Army riders
in parades in the nearby com-
municties of Lompoc and San
ta Maria. But even this activi
ty was . discontinued. There
just doesn't seem to be any
thing a GI horse can do in
this missle age.
Baseball has become
as
as
popular in South ' Africa
British cricket and soccer.
HILTS
Holiday Visitors Named
By MRS. M. F. CAVIN
Hilts Mr. an d Mrs. Mar
ins De Meyer of Eureka were
Fourth of July week end at
the home of Mrs. De Meyer's
brother-in-law and sister, Mr.
and Mrs. Rodney Eastman,
and Paula and her moCisr,
Mrs. Agnes Cunial.
Mr. and .Mrs. Harold Mc
Ferrin and son, Terry, of
Redding were guests of Mrs.
McFerrin's parents, Mr. and
Mrs. Ernest Spannaus, several
days last week.
Mr. and Mrs. Harold King
have been recent guests at the.
M. G. King home. While here
both families visited in Klam
ath Falls with relatives. On
the Fourth of July the group
drove to Lake of the Woods
and to Ft. Klamath for a pic
nic and to Crater lake on
Sunday. When leaving Mr.
and Mrs. Harold King and
family went on to Portland
and Eugene to visit other rel
atives.
Week end guests at the
home of Mr. .and Mrs. Doug
Whittaker and family were
Mr. and Mrs. Jack Seipert of
Chico.
Mr. and Mrs. Al Simmen
and children, Marsha and
David, returned home Satur
day after spending several
weeks at the home of Mr. and
Mrs. A: D. Simmen in San
Ramon.
Mr: and Mrs. Art Hartman,
accompanied by Mr. and Mrs.
George Arleson of Ashland
spent the Fourth of July week
end at the home of Mr." and
Mrs. Loyal Hayer in Bandon.
Mrs. Charles Hoyt and
daughter, Charla, of Medford
visited Wednesday and Thurs
day at the home of Mr. and
Mrs. H., G. Thompson.
Mr. and Mrs. J. R. Smith
and daughter, Jan, spent In
dependence Day. week end at
their cabin on Evans creek.
Mrs.-. Elsie Kalvett of Sac
ramento, was a Fourth of July
week .end : guest at the home
of Mr.-and Mrs. Gilbert Lu-
per and family.
Mr. and Mrs. Vic Vande
Weghe and daughter, Yvonne
spent the Fourth in Prospect
at the home of Mr. and Mrs.
Orris Wolff and .children.
Among those attending the
parade and fireworks in Ash
land the Fourth of July were
Mr. and Mrs. John Marin, Mr.
and Mrs. Joe Vieira, Mr. and
Mrs. Don Ward and daughter
Gayel; Mr. and Mrs. R. M.
Cavin and Marcia; Mrs. Ro
bert Ferguson and children,
Mrs. Margaret Ferguson and
Janet; Mr. and Mrs. M. F.
Cavin and Janet; Mr. and Mrs:
Italo Marin and family; Mr.
and Mrs. Roland Rainwater
and family; Mr. and Mrs. Fred
Haynes; Mr. and Mrs. S. Mar
in and family and Mr. and
Mrs. Gilbert Luper and chil
dren.
Mr. and Mrs. Warren Fox
and daughter, Dorothy, spent
the Fourth at their cabin on
Beaver creek and had as their
guests, Mr. ' and . Mrs. Nick
Frumeyer and Cindy; Mr. and
Mrs. Cal Sharp, and Mr. and
Mrs. Mel Barron and Miriam.
Others spending the Fourth
on Beaver creek were Mr. and
Mrs. H. G. Thompson and
daughter, Marilyn, Mr. and
Mrs. Walt Laustalot and boys,
Mr. and Mrs. Charles Vieira
and girls, Mr. and Mrs. Walt
Adams, Mr. and Mrs. David
Sage, David Jr. and Bobby,
Shirley Lemos and Barbara
Rainwater.
Mr. and Mrs. Lester Chase
and children spent the Fourth
of July week end on Mont
gomery creek, near Redding.
A dinner held Tuesday at
the homeof Mr. and Mrs. Wil
liam Wiley honored the birth
day of Mrs. Mel Barron. Other
Unemployment
Claims Decrease
Salem-aJPk-The Oregon Em
ployment Department said
Tuesday that 2,631 people filed
new claims for unemployment
insurance benefits last week.
This was a drop from 3,142
the previous week. - ;
The claims load resulted
from several lumber and log
ging companies shutting down
for annual vacations and
workers with too little senior
ity to collect vacation pay,
filed for unemployment bene
fits. . A large grain - milling
firm also -shut down tempor
arily because of lack of ord
ers. A few canneries completed
their strawberry harvest, but
laid off help were' expected
to be employed in the bean
season which usually starts
in mid-July.
Salem - (UPD - Creation of a
new . position of. county rela
tions representative on the
State' Tax Commission, staff
and appointment of Berkeley
DeVaul to fill the job has
been announced by Dean El
lis, commission chairman.
guests were Mel Barron and
daughter, Miriam, Mr. and
Mrs. Thomas Shuck and son,
Tommy, and Mr. and Mrs.
Audomar De Clerck and
daughters, Barbara and Car
leen. On Saturday, Mr. and Mrs.
Mel Barron and daughter,
Miriam, and Mr. and Mrs.
Audomar De Clerck and girls
rode horseback to '. Mr. and
Mrs. William Wiley's ranch
near Beaver creek where they
spent the night, returning to
their homes on Sunday after
noon. Mr. and Mrs. Carrol Daven
port and daughter, Lynn, Mr.
and Mrs. Harvey Fry and
children, Davy and Susan,
Miss Karen Madero, and Mr.
and Mrs. Roland Rainwater
and children, Barbara, Randy
and Rhonda, attended the
Oklahoma picnic held at the
park in Grants Pass Sunday.
Mrs. Fred Bloomingcamp
of Hornbrook visited Thurs
day at the M. F. Cavin home.
Mr. and Mrs. E. E. Royce
of Ashland were Sunday
guests at the home of Mr.
and Mrs. David Wissenbach
and daughter, Bonnie Kay.
Jerry Rainwater of Riddle,
Ore., returned home Friday
after spending a week at the
home of Mr. and Mrs. Roland
Rainwater and family. His
mother, Mrs. Clifford Rain
water, drove down to return
him home and was a guest
Thursday night at the Rain
water home.
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I'VE GOT GUARDS'
They'll never get me in the
madhouse again, I've got
guards around me," shouts
Louisiana Gov. Earl K. Long
during press conference in
Fort Worth, Tex., where the
ailing executive is vacation
ing.
Hemorrhage Blamed
For Portland Death
Portland (DPD An autopsy
showed Tuesday that Eblyn
Weeks, 43, a Klamath Indan,
died of a cerebral hemorrhage
of the temple region. His body
was found July 6 in Delta
park. The sheriffs office said
it had not been ' determined
whether the injury was caused
by natural or criminal means.
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PRISON BILL SIGNED
Washington T-tUPD- President
Eisenhower has signed a
money bill alloting $1 million
to begin construction of a new
federal prison for hardened
criminals near Marion, 111.
The bill provided S648.941,
000 to operate the state and
justice departments and the
federal courts in the current
fiscal year.
Security Insurance & Realty
Does Your Insurance
Coverage Measure Up
To Your Home?
If the unmortgaged part of your home, the
part you've already paid for, is Inadequately
insured, fire could deal you a hard blow.
Call us for a complete property check up.
Do it fodayl
Phone SP 3-7325
All Forms of
48 Hawthorne Ave.
Off Street Parking
Vem Robinson Al Potter John Ripley
, Hank Hart Chris Barker
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MAIL TRIBUNE. Medford, Or. 19
"Jaeiday. July 13. 1359
Salem -(DPD -The cities of
Lebanon and Vernonia will
each receive supplies this
week that could make up an
emergency 200-bed civil de
fense hospital, the State Civil
Defense Agency has announced.
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