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
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Pontiac's Tempest engines for 1960 are more vigorous
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The car, the keys, the catalog, the courtesy all await
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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
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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:
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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.
THIS CHANGING WORLD
London -UPD- Gilbert Bar
tholomew, managing director
of a mtch firm, said Tuesday
the swan trademark was being
switched from the left to the
right side of the label after
62 vears. "We felt it had be-
he said.
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