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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (July 24, 1959)
14 MAIL TRIBUNE. M4forJ, Or. FHUy, July 24, 1959 Market- Has Come Long Way in 25 Years; Average Was 85.91 Br ELMER C. WALZER UPI Financial Editor . New York This nation is pretty tough, says Herbert Hoover, and that's the main reason it may overcome ma lign influences now threaten ing it. H o e v t r's statement is among a group which is to be put into a " Lithochron or "Column of Time" Sunday when the Equitable Life In surance Society celebrates its 100th anniversary. The cap- Wmbcr dinar sule will be opened 25 years from now. Their statements will be kept in the "Lith ochron" along with "a wide variety of memorabilia," and brought to light a quarter cen tury hence. No Market Prediction The society didn't ask a siock market analyst to tell what would happen to the stock market in the next 25 years. The market has come a long way in the past 25 years. The Dow-Jones industrial average stood at 85.91 on July 26, 1934, when Equitable was 75 years old. Now it is around 660. Of course, that 85.91 figure Small Worlds Around Us Piy By Lynn M. Watkins NY f I This Blu Jay Thinks She's A Parson " It was not unusual for a sudden wind to toss the branches of the tree, but it was peculiar that this occur red at the precise moment a baby blue jay balanced itself on the outer edge of its nest The bird had to fall, but it .could hardly have fallen in a better place, for a kind-heart ed lady picked the baby bird up and carried it into her home. With a medicine drop per she fed the little one. It lived, and became a part of the household. The wind that rocked the tree, the fall of the helpless bird, the days and nights of patient feeding and care took place five years ago. What was a feeble mite of a bird is now a full grown, husky blue jay. It's now a bird about as unorthodox as any jay that ever lived, for it has aban doned about all jay character istics and has patterned its life to the wishes of its human friends. - Doesn't Envy Freedom The bird doesn't even scold or complain like the wild jays whose noisy chatter sounds so often outside the home. The only time the door of its cage is closed is when it is placed outdoors. Then the wild jays of the neighbor hood come to visit. The tame jay looks askance at these wild ones. The caged one tries to nip the toes of her wild cousins when they perch on the cage top. She envies them their freedom not at all. By various gestures she indi cates her preference of her captive life. She always seems glad to have the cage re turned to the interior of the house. Thornton, Appling Embroiled Over Attorney's Ruling Salem - DPD - Secretary of State Howell Appling's state ment in the press that the at torney general's opinions are "asinine" Is evidence of "in tellectual dishonesty," Attor ney General Robert Y. Thorn ton said Thursday. ' Thornton said two of Ap pling's assistants came to his office "to get my advice on how the Board of Control could get itself out of the pre dicament caused by the gov ernor's and secretary of state's overlooking constitutional prohibition against the simul taneous holding of two lucra tive offices by the same per son." Law Doesn't Provide : The dispute involves Dr. Russell Guiss who holds two State positions, superintend ent of the Dammasch State hospital which is still under construction and acting sup erintendent of the mid-Columbia home for the aged at The Dalles. State law does not pro vide for an acting superintend ent position. The attorney gen eral's office last week rejected surety bonds for Dr. Guiss. Resignation Advised Thornton said he had ad vised Appling that the sup erintendent in question resign from one of his two state jobs and that the Board of Control appoint a legally-authorized superintendent until a per manant man can be found for the job. ' Thornton charged that Ap pling was "following my sug gestions, presenting them as his own, while at the same time saying that my opinions are 'asinine.' ". Dr. Guiss denied that he was a candidate for the Mid Columbia job and said he was only following instructions of the Board of Control. Throughout the years this captive jay who thinks she is a person has learned many things. She looks at visitors and strangers with a know ing look. Her sharp little eyes take in every detail of their dress and actions. She walks flat-footed and follows her owner from room to room She detests being alone. She has an aversion to closed doors. Laarnad To Bark At one time there was a dog in the family and the blue jay learned to bark. And she listened to the neighbor's cat and learned to meow. Hiding objects is an obses sion. She hides earrings, thim bles or coins under the papers of her cage or under the corner of a rug. She hides sunflower seeds in the cuffs of trousers or in the hem of a dress, sne listens to the ra dio. She even taps her feet and sometimes actually dances. About the only thing she dislikes is a black object. She loves fried potatoes but goes mto a tantrum at the sight of a black frying pan. No blue ay ever cultivated or could possibly hope to satisfy the appetite she now has culti vated, for her favorite food is cooked spaghetti. She eats it by the yard, probably think ing it is a long, tender, smooth - swallowing, boneless, wriggling worm. (Relaased by The Register and Tribune Syndicate, 1959) represents a rise or more than 100 per cent from the depres sion low set in mid-1932 at 41.22, but it was far below the high set on Sept. 3, 1929 at 381.17. The average has come up more than 600 points from its low of 1932 Twenty-fire years is a long time to guess market behavior. Hoover said the same thing about plotting the future of America "with the present fog of forces in motion. Irresponsible Spending He listed these . forces as: "-The tendency of represen tative government to spend and spend with the irrespon sibility to its stimulation of inflation. "-The demands for increas ing wages irrespective of their consequences of still more in flation "-The inevitable advance of prices. "-The hideous increase of crime and the failure of state and municipal law enforce ment agencies to bring the in crease to an end "-The steady march of Com munist or Socialist ideas in our intellectual groups "-The cold war." The main assurances that these malign forces may be overcome, says Hoover, "is that this republic is pretty tough. It has passed through seven wars, a dozen bad Washington administrations, and three or four great depres sions and yet many of the fundamentals of bur founding fathers still live." No Physical War Gen. Lucius D. Clay, chair man of Continental Can Co., predicts "We will pass through the 25 years without physical war, but the present cold war will continue Dr. Grayson Kirk, president of Columbia University, is convinced our prospect is one of hopefulness and not of doom. He looks for many edu cation changes-abandonment of "soft" courses; more foreign languages, matnemaucs, sci ences, and "hopefully" more English. Not every one will be able to attend college and hence he looks for some form of post-high school education program. George M. Humphrey, form er Treasury Secretary, looks for a return to sound money and government fiscal responsibility. ' Capt. E. V. 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