TheyH Do It Every Time
. By Jimmy Hado
VOUNS EXECUTIVE? IS
ITEM I
' GET A LOAD OP THIS
si THE- HOTEL. MASAZJNE THAT A NEW WAV OF
E CHEODAf? IS STAYING- 2d SPEU.IN& MAILBOV?
AMONG THE DISTIN6UISHED
GUESTS AT CRESTFALLEN
MANOR POO THE SUMMER
WOW
STAVING ONE
WEEKAWHEli. BE I
PAYING OFF THE
LOAN SHARKS ALL
YEAR FOR THAT
DOES IT SAY
Anything about
him catching a
RICH DAME THAT'S
OUST CUR-RAZy
ABOUT HIS GOOD
LOOKS ?
WHAT'S HE
DOIN' WORKlN'
IN THIS SALT
MINE? GETTIN'
IN SHAPE FOR
THE POLO
SEASON
SWINGJN'
MAILBAGS?
4
I Kfc-r-ffA - .W
V V " I m "VSR
Monday. Aug. 31, 1959
MAIL TRIBUNE, Medford, Or.
01
EVERY GW
WITH THE PRICE
OF A ROOM IS A
TYCOON, AN' EVERY
LTAME A BEAUTIFUL,
DEBUTANTES
8-31
SyneSoat; lac. Wot.d rtsa twrTed. j
Keeping up wrm the
SOCIAL DOINGS OP THEa
era i rKt urOiCD fJ-
VACATION
7RAHX AND A TIP OF THE l
nana mat to iff
BILL Tm&MANgSStA
Stock Market Expected To Show
Moderate Loss During August
il i
MM
By ELMER C. WALZER
TJPI Financial Editor
New York (LTD The stock
market will show a moderate
loss for August after having
set several records.
On Aug. 3,
the industrial
averages
f reached its
: i a i i
jugiiesi level
in history at
678.10. That
was up 94.45
points from
Elmer Wilier the 1S58 close.
itself the record to that date.
It was up 398.23 points or 140
per cent over the low of 1954.
At the Aug. 3 high, the
valuation of all listed stocks
crossed the previous record of
S3 10 billion set on July 31.
Another record was the rise
above the previous top for all
time of 5,520,000,000 shares
listed touched on July 31.
The industrial average is the
only one that has ever been
able to get above its 1929 high
of 381.17 set on Sept. 3 of that
year. At its record high on
Aug. 3 this average was up
296.93 points from the 1929
top.
Railroad Average Off
The railroad average high so
far this year of July 8 at
173.56 was off 15.55 points
from the 1929 top, the all-time
record high of 189.11. The
utility average at its high for
1959 set on March 18 at 94.70
was down 49.91 points from
its record high touched on
Sept. 21, 1929 at 144.61. The
latter average has been hurt
by eliminatination of many
giant utility holding compa
nies. In fact, utilities were the
best performers in the stock
market in August, managing
to hold slightly above the July
close. This strength reflects
some tendency toward more
defensive issues.
It is estimated that custom
ers debit balances on the New
York Exchange dipped again
during the month after a sub
stantial decline in July.
Consumer Credit Rises
The credit item that has
been rising sharply is consum
er credit which spurted $926
million or 2 per cent in June.
With consumer credit at S46.7
billion the experts are giving
this phase of the economy
close scrutiny on the belief
that here might be one of the
excesses that will unsettle
things later on
The present Dow-Jones in
dustrial average dates back to
the beginning of 1897. The
Tops for Half-Sizes
Q.
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first average in this series was
40.74 on Jan. 2, 1897.
The average set its record
low on April 19, 1897, at 38.49.
Then came a seies of ups and
downs in moderate swings to
Nov. 3, 1919 when it touched
119.62. A decline brought it
to 63.90 on Aug. 24, 1921, the
depth of the post-World War I
recession.
From 1S21 there was an al
most steady rise to the peak
for 1929 of 381.17 on Sept. 3
Then came the preciptate de
cline to 41.22 on July 8, 1932.
A substantial rally brought it
to 194.40 on March 10, 1937.
Significant Figure in 1942
. Then came a drop to 92.92
on April 28, 1942, 17 years
and four months ago. This
92.92 figure for a closing aver
age is significant since it has
never been touched in more
than 17 years and at the re
cent high the industrials were
up 585.18 points or about 630
per cent from that figure.
The market hasn t had a
ten per cent decline for years
Some of the experts say it is
entitled to one. They feel it
could take such a drop with
out losing its forward trend,
and some hold it would be a
good thing if one came
Willamette Closes
Law Registration
Salem Admissions to the
1959-60 first year College of
Law class at Willamette Uni
versity here have been closed,
it has been announced.
The closing was necessary
despite a 20 per cent expan
sion of this year's class over
the 50 students admitted last
year.
With a month remaining be
fore the start of law classes,
Dean Seward Reese said that
the law school is compiling a
list of qualified "stand-by ap
plicants" in case any student
who has paid his tuition ad
vince finds it impossible to at
tend and creates a vacancy in
the class. College of Law reg
istration is Sept. 8.
Figures from the College of
Lew indicate that 33 per cent
of the entering College of Law
class will come from outside
of Oregon. Over 75 pre-law
colleges and universities in all
parts of thi country will be
represented in the Willamette
college this year.
What Is The Law?
This column is prepared as a public service by the
Colleqe of Law, Willamette University, Salem, to
explain basic legal principles, not to provide legal
advice. The reader is cautioned not to apply these cases
to his own problems without an attorney's advice, for
differing facts may change the outcome.
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NOTHING DOWN
ON APPROVED CREDIT
We Carry Our Own Contracts
Medford's Leading
Appliance Dealer
for the Past 28 Years
LEONARD ELECTRIC COMPANY
309 EAST MAM STREET PHONE SP 3-4541
Caution Must Be Used in j
Making Citizen's Arrest
John Brown's seven - year
old son Georga ran home
crying to tell his father that
their neighbor Sam had said
to him: "I don't like kids.
Stay out of my way or you'll
get worse than this." George
said that the neighbor had
then slapped him.
Brown was furious. He
stormed over to Sam, grab
bed him by the arm and said:
"I arrest you in the name of
the law for assault and bat
tery." Brown took Sam to the
police station and made a
sworn complaint against him
for assault and battery. Sam
pleaded guilty and paid a
fine.
Acted Too Hastily
A week later, Sam sued
Brown for false arrest. Brown
was astonished and contended
he had had n absolute right
to arrest Sam, that a. citizen
can make an arrest when
ever a crime, has been com
mitted. Was Brown right?
No. Brown had acted too
hastily. It is true that a pri
vate citizen can arrest another
for crime in . certain situa
tions; but only under the fol
lowing circumstances: (1) For
a crime committed or attempt
ed in his presence; (2) When
the person arrested has com
mitted a felony, although not
in his presence; (3) When a
felony has in fact been com
mitted and he has reasonable
cause for believing the person
arrested to have committed it.
Sam committed only a pet
ty crime or a misdemeanor
when he slapped Brown's son.
Because it "was not committed
in Brown's presence, a citi
zen's arrest was not possible.
Greater Crime
A felony is a greater crime,
punishable with death or by
imprisonment in the state pen
etentiary. If Sam had actually
committed a felony such as
the murder of Brown's son or
if Brown knew a felony had
been committed and had rea
sonable cause for believing
Sam had committed it, then
a citizen's arrest would have
been legal. In view of what
actually happened, Sam is en
titled to recover damages for
false arrest.
If a citizen does make a
lawful arrest, it is his duty,
without unnecessary delay, to
take the person arrested be
fore a magistrate or judge or
to deliver him to a peace offi
cer. The citizen should realize,
however, that the right of a
citizen to make an arrest is
more limited in some states
than it is in Oregon. Care
should be taken to use only
reasonable force in making a
citizen's arrest.
Sixth and Grape
Open 7 Days a Week
Until 9:00 P.M.
Prices Good Through Wednesday,
September 2. Limit Rights Reserved.
TIBET ' ' 1
fHUTANl
1 "r?rrj! kaumpow . ? j
. XADAR1ECUXC yf"' t
INDIA PAKISTAN "j
I I ;(A BURMA j
j.-.-.-Jtw.,.r;.rjxw.-.-.vffl
INVADED Indian's Prime Minister Jawaharlal Nehru
announced in New Delhi that 200 Chinese Communist
troops had invaded Indian territory and captured a num-"
ber of border posts in fighting with Indian troops. The
attack was at the Northeast Territory Agency, a wild
area just below the borders of Tibet and the Indian Pro
tectorates of Bhutan and Sikkim. Nehru repeated his
warning that an attack against either of the two pro
tectorates would be considered aggression against India.
9
3
Small Worlds
Around Us
By Lynn M. VYatkins
The Smallest Insect Has
All The Insect Instincts
In the world of Lilliput
there is a tiny creature, re
duced to almost the vanishing
point, that is recognized as
the smallest living insect in
all the world. A tiny creature
with six legs, a digestive and
nervous system, capable of
egg-laying, possessing instinc
tive behavior patterns, but on
ly slightly larger than a germ.
It took some very fine meas
uring with delicate instru
ments and ingenuity to ascer
tain the size of this dimunitive
creature known as a Chalcid
fly, which averages about
eight thousandths of an inch
long.
By that "fly-stick" measure
ment it would take 125 of
these parasitic flies, laid tail
to head, to measure a single
inch. But few people have
ever seen this insect-midget.
It could very well be called,
"the invisible insect."
A Parasite
If we can "think small
enough," it is interesting to
conjecture about the size of
the egg that this insect lays
in the body of some other in
sect, for Chalcid is a parasite.
She lays her eggs in the body
of the booklouse, an insect
who is barely larger than a
grain of sugar. Some kinds of
Chalcid flies parasitize vari
ous kinds of ticks. Now if we
apply the "egg-mother-formula,"
which is approximately a
two-ounce egg to a four-pound
chicken, give or take a few
fractions of an ounce, which
might approximate many egg
laying animals, including
some insects, we arrive at a
ratio of the egg being some
what less than one thirtieth
the weight of the mother. So
a creature whose body length
is measured in thousandths of
an inch could be expected to
lay an egg that "is out of this
world."
Absorb Juices
In the dark; warm body of
the host the microscopic worm
or larva hatches and begins
absorbing the body juices of
the parasitized insect. It is a
diminutive little monster but
with a mouth, a nervous and
digestive systems, and possess
ing all the characteristic in
stincts inherent in all insects
of this order; instincts inborn
to activate the tiny creature
and give it the desire to live,
to mate and to recreate its
kind.
And all this "done up" in an
insect that, when it is full
grown, will only be about
eight thousandths of an inch
from stem to stern.
In the niche of living things,
barely larger in size than bac
teria or algae, the Chalcid fly
just about occupies a shadow
land between the visible and
the invisible. It is peculiar
that such a miter of organized
living matter can survive.
(Released by The Register and
Tribune Syndicate, 1959)
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1