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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Oct. 7, 1959)
Hatfield Reiterates 'Open Mind' Stand On Seashore Park Salem-flJPD-Gov. Mark Hat field reiterated Tuesday that he will "retain an open mind" until hearings on a proposal to create a National park in the dunes area of the Oregon coast are completed. Previously Hatfield had in dicated he favored a National park farther north fin the Clatsop county area. The governor was warned byJtep. Charles Porter CD Ore.) at a hearing in Reeds port Monday that the con gressman might ask Rep. Grace Pfost (D-Idaho) to can cel house committee hearings Oct. 31 in Florence unless Hatfield adoped a "construc tive and positive" attitude. Hearings Still Slated Hatfield urged that the hearings continue as schedul ed and said he would consid er "modifications or other proposals which might evolve PLAGUE OF TROUBLES Pensacola, Tla. -flj?D- While Mary Bryant was telephoning police to report that she had been in an automobile acci dent, someone stole her wal let containing $150. When the police did arrive, they charged her with causing the collision. Still later, Miss Bryant learned it would cost her $400 to fix her car. Ancient Romans white to funerals. wore from the hearings when the committee gets all the facts." The governor said: "Re ports of the first hearings' on the matter indicate it is ap parently the proponents of this legislation, including Congressman Porter, who re main adamant in their refus al to consider an alternative. "I feel as governor- that all aspects of the situation must be considered. The congress man should not threaten to go home but should carry out the hearings in their original spirit and intent," Hatfield said. - To 'Cheerfully Abide' Much misunderstanding considering the Dunes bills resulted because he was not consulted, Hatfield said. He promised to "cheerfully abide" by congressional de cisions in the matter. The Dunes legislaton is sponsored in the Senate by Sen. Richard Neuberger (D Ore.) and in the House by Porter. The governor made it clear that he supported the principle of seashore preser vation. He said this was also true of the Committee on Na tural Resources, which also opposed the Dunes park in the Reedsport-Florence area. Dan Allen, executive sec retary of the Resources com mittee, will testify at future hearings. , 54th Year Medford Price 10 Gents aTRIBUNE 2nd SECTION MEDFORD, OREGON, WEDNESDAY, OCTOBER 7, 1959 Pages 1-6 Army Recruiting Office To Close for 3 Days The U.S. Army recruiting office, room 1, Medford post office building, will be closed from Thursday, Oct. 8, through Sunday, Oct. - 11, while Master Sergeant War ren M. Long, is in Portland attending a recruiter's confer ence, t Sergeant Long reported that he will return to the of fice Monday, Oct. 12. In the future he said the office will remain open until 9 p.m. each Monday. Aviation Enlistments Ooen in Marine Corps Sgt. Etan Elbie of the lo cal Marine Corps Recruiting office has announced that en listments are open for the Marine Corps guaranteed avi ation training program. "This program is usually filled several months in ad vance," Sergeant Elbie said. "It offers a young man an op portunity to serve in an avia tion unit with the latest in aircraft and to acquire a trade in the electronics or me chanic field." Persons interested may ap ply at the recruiting station in the Medford post office. DuPont Investment in GM Stock Points To Trick in Riaht Pick By ELMER C. WALZER UPI Financial Editor New York (DPD The fasci nating story of an investment E. I. DuPont De Nemours & Co. made in General Mo tors stock not many years ago has gener- M ated gossip on niiBb ry ui kr the GM of the "golden six ties." The new era starts In less Ekner Walier than a quarter year. As the experts look into its poten tialities, they see a boisterous boom that could well produce a new leader whose stock could soar into the strato sphere. The big trick is to pick the right one. Over the years there have been hundreds of automobile companies and to day only a handful survives. DuPont bought its first GM stock in 1917. It added to its holdings from time to time and sold shares also. In 1935 it had finished buying and held 10 million shares. A 2-for-l split in 1950 sent the total to 20 million. In 1955, exercise of rights added another million shares. The 21 million shares of 1955 be came 63 million in a 3-for-l split that year. That is 23 per cent of the total outstanding common shares of GM, and DuPont holds it today, ex-voting rights by a court decision. DuPont calculated that this stock cost it a total of $130 million which works out at $2.09 a share. At recent prices for GM that would be an, ap preciation of 2,500 per cent. Wall Streeters recalled many a similar big apprecia tion . in stock bought years ago and held through the years. There was a neat little deal which Miss R. V. Couzens, a Detroit school teacher made, in Ford stock when the Ford Motor Co. was formed back in 1903. Her brother, the late Sen. James Couzens, then a car checker for Alexander Mal comson, 2 Detroit coal dealer, signed Ford notes for $1500 and agreed to put up $1000 cash. He only had $800. He fell OTIC .fromPontiac! You find it attractive because of the simplicity of lines, the absence of over-design. - You're drawn to its crisp freedom, its perfect form, its exhilarating freshness. You'll find it amiably obedient because of Wide-Track Wheels and a thoroughly new suspension system. Wide-Track firms the foundation, stabilizes, balances. A softer suspension makes it responsive, quick and easy to take direction. Pontiac's Tempest engines for 1960 are more vigorous , than ever. You have a wide choice of V-8 power packages, ranging from the high performance 425 to the economical 425E which prefers regular grade gasoline. The car, the keys, the catalog, the courtesy all await you at your Pontiac dealer. Wide-Track Wheels give you swayless stability, solid comfort. You maneuver with skillful sure- nuce ai.fiirat rnntrn Tt'ft till wptpt. Tnnct precise, most rewarding driving you've ever felt. NAIROW TRACK I mimum I Tit I960 Bommrilk CinMrtflfc THE OJSFLZT CARWITH "WIDE TRACK WHEELS BE YOUR LOCAL AUTHORIZED PONTIAC DEALER DEAN & TAYLOR PONTIAC CO. 6th AND GRAPE V MEDFORD tried to borrow the $200 which he knew his sister had saved. But their father re strained her to $100, saying that was enough to risk on such a foolish venture. Mountains From Molehills The venture wasn't foolish and when Ford bought Miss Couzens out in 1919 she re ceived a total of $355,000 - $265,000 for the stock, and $90,000 in dividends. That's a gain on the stock alone of 2649 per cent. Couzens after his first small investment bought out other stockholders, paying $25,000 for stock that had originally cost $5,000. When Ford bought him out in 1919 he re ceived a total of $40,360,000 $29,000,000 for his stock that cost him $27,400, and $11,- 360,000 in dividends Eastman Kodak Co. not long ago revealed a situation that can be added to the group of big profits from old investments kept over i the years. In investment of $100 in Eastman Stock made in 1884 would have grown to 4,842 shares worth more than $528,- 000 in the present market. With dividends this is brought to $800,000 ' While market men recalled these and other fat profit deals, nary a one said a word about the losses that one could have made had he bought this or that stock and held it over the years. Whatever happened to those hundreds of automobile com panies that are in their graves today? Grange News... Central Point Grange Don Berry, county extens ion agent, was the guest speaker for the regular meet ing of Central Point grange Friday. "Weed Control and Pesticides in the Garden and Fields-was the-1 title ofJ Berry's speech. He inter spersed f acts with humor giv ing vivid descriptions on how to administer these chemicals for satisfactory and safe re sults. Otis Swisher, Medford, led tiie range . members and g..ests in several action songs. A group of the songs which were written for the Oregon Centennial contest were sung by Swisher and JVlrs. Eff ie Kurtz. The first place, winner, "You're in Oregon My Friend" was sung by Mrs. Kurtz. "All Hail Oregon" written by Mrs. Obenchain, Klamath Falls, was sung by Swisher. Then "The Oregon Waltz" written by Harry Myers, Medford, was sung as a duet by Mrs. Kurtz and Swisher. Chester Wendt, legis lative chairman and Arnold Bohnert, agriculture chair man were in charge of the program. Visitors for the evening were Mr. and Mrs. Radomski, Sams Valley Grange, Mr. and Mrs. Roscoe Roberts, Roxy Ann Grange, and Mrs. Anna Scott, Applegate. "Booster night" will be Sat urday, Oct. 24, starting with a potluck dinner at 7 p.m. The lecturer, Mrs. Gaston Floux, announced the eve ning's program and reported that the new members recent ly initiated into the grange would be present. ' The third and fourth de grees will be iven to a class of candidates on the regular meeting night, Oct. 16. HEC Secretary Mrs. Walter Mang announced a plant and rummage sale to be held at the grange hall on Oct. 21. Nov. 14 is the day the grange will have a Swedish Ameri c a n Smorgasbord. Tickets will soon be available for pur chase from the grange mem bers. It was announced that the HEC club is again saving MJB bands and labels. Serving committee for the evening were Mr. and Mrs. Charles Morehouse and Mr. and Mrs. Walter Mang. Herfe'r Says Russ Must Bear Blame If Chinese Attack Washington-fOPD-The United States has put the finger on Soviet Premier Nikita Khru shchev as the man who must bear the blame if the Chinese Reds attack Formosa or start other conflicts in the Far East. High officials said today that was the basic meaning of Secretary of State Christian A. Herter's declaration that the Soviet Union had "a great degree of responsibility for the actions of other members of the Communist bloc." Herter told a news confer ence luesday .the Russians could not escape responsibilty for Communist actions against Korea, Formosa or Laos "as long as they maintain they are the leaders of the bloc." Leadership Acknowledged He noted that Khrushchev, before leaving Peiping, again extracted an acknowledge ment from the Chinese Reds that he was the head of the entire Soviet grouping of nations. At the same time, however, Herter said he detected some evidence of a split between Moscow and Peiping over for eign policy. , On the Berlin situation, Herter was unable to offer hope that the expected sum mit conference this winter would be any more succesful in settling the crisis than was the ill-fated foreign ministers' meeting in Geneva last sum mer. He acknowledged there had been an easing of tensions as a result of Russia's agreement that no time limit be set on tho negotations. But he said he could offer "no asssurance" that the summit conference would accomplish anything. ARRANGE 12 SPEARS TO SUIT YOUR HOOD! ELECTRIC $1)099 U J 8 Day Slightly Higher Dead Fish Plague Florida Island Sanibel, Fla.-flJPD-Residents of this small Florida west coast island prayed for strong easterly . wmds . today that could blow away the stench of thousands of rotting fish, victims of the "red tide." The dead fish began piling onto the beaches of Sanibel island after it became sur rounded by infected waters Tuesday. But a forecast of southeasterly winds and some squally weather provided so"me encouragement. " A local federal fish and wildlife agent, Tom Wood, said odor was getting worse and the residents "are having trouble with throat irritation and watering eyes." Spear Gun Said Used in Argument Newport Beach, Calif.-flJPD- Police today held Cecil .G. Barkley, 28, on suspicion of attempting to murder a 55- year-old man by shooting him j twice wnn a spear gun. A doctor at Hoag Memorial hospital Tuesday removed 18 inches of spear from the abdo men of Oscar L. Archer, 55, of Newport Beach. Officers said Barkley shot Archer dur ing an argument between the two men and a neighbor, Harold Thompson, 54, over Thompson's wife, Minnie Sue, 53. Police said Thompson's wife had visited Barkley's home Monday night. The shooting occurred at Barkley's home. : M: ' II - i - -Dssfga Consists Oft Vjjiy . I fe" Spears. 4 W 8 Pointer Create this design by com bining 4 15" Spears and 4 9" Spears. " : 12 Pointer This design consists of 4 tS I 12" and 4 f Spears. e 8 Pointer with Vertical accent. ', use z IS" 4 12" and 2 r By placing the short Spears at Thr. 'JtjZJL a ... This design consists of 4 r " p ana nxnm position. , - And the other Spear. . the 2 - 12 SpeM idea, a horizontal accent cm be achieved. - , I Andy Saves You 50 cSdMWSBSI-' mm 1- Only hornton Rules on School Bus Routes Salem-(UPD -School districts must furnish transportation to the nearest standard high school for resident pupils even though some, parents might prefer their children to attend another high school, Attorney General Robert Y. Thornton said today. The "nearest" high school is the one closest to the pu pil's home along usual high ways. The opinion was requested by the Superintendent of Public Instruction. 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