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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Jan. 13, 1960)
IT - T ' r i ' " .wmmu- nil i.-.-.v.Hvn ,v'.v. . ,v.;,-.- ..:.: I 2nd Section Medford Pages 1-10 Tribune MEDFORD, OREGON, WEDNESDAY, JANUARY 13, 1960 New 'Marshall Plan' for Asia, Africa, S. America in Works DOOMED TEMPLE VISITED Accompa nied by cabinet ministers, United Arab Re public President Gamal Abdel Nasser, left, front row, makes a farewell visit to a doomed temple at Luxor, Egypt. In the background are statues of the Pharaoh Rameses which adorn Ab Simbel Temple, a precious archeological gem that will be sub merged by the waters of the Aswan high dam reservoir. (UPI Radiotelephoto) Former Pilot Rock Treasurer Indicted Pendleton - (UPD - The for mer acting treasurer of the community of Pilot Rock, south of Pendleton, has been arrested on a Umatilla county grand jury secret indictment. Edna Mathilda Carrothers, 44, Pilot Rock, was arraigned before Circuit Court Judge William W. Wells here Tues day, charged with larceny of public money totalling $1, 124.04 from July 1, 1958, to June 30, 1959. Bail was set at $2,500. No date for trial has yet been set. State-Owned Timber Sales Set Record Salem -(UPD- Assistant State Forester Vance L. Morrison said Tuesday the sale of tim ber on . state - owned forest lands managed by the Oregon Forestry Department reached an all-time high last year. The total was $3,210,300 compared to 1958 sales of $2,313,698. He said the increase in sales value was due to increased footage of green timber placed on the market. Salvage oper ations in the Tillamook burn have almost ended and it was from this area that much of the timber has come in past years, Morrison said. Portland -(UPD- The 11th main generating unit at The Dalles dam is expected to go into regular service next week. Washington -(UPD Rep. Wal ter Norbald (R-Ore.) has rec ommended Fred J. Powell for appointment as postmaster at Gresham, Ore. By ELMER C. WALZER UPI Financial Editor New York (UPD A new "Marshall Plan" to aid under developed nations in Asia, Africa and South Amer ica may be in the making. A hint of this came from Sir Oli- v e r Franks, former British ambassador to the U.S. and Elmer Walxer now chairman of Lloyds Bank, Ltd. Sir Oliver suggested a forum of Atlantic nations, including the United States and Canada to work out such a plan. Sir Oliver addressed a re cent meeting on economic problems held by trustees of the Committee for Economic Development along with Paul Van Zeeland, former Belgian Prime Minister, Axel Ivoreth, president of the Federation of Swedish Industries, and Paul Hoffman, founder and first chairman of the CED. These addresses are exclu sively reported by Saturday Review in its annual business edition. Top Importance The forum suggestion was seen by the CED as of top importance. Donald K. David, T LADIES' Casuals New Spring shipment just received. Large selection of styles in sizes from 4'j to 9. 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COTTON Rug Cotton tweed rugs in beige, gray, rose, red and turquoise. 9x12 rug and matching 26"x 44" throw rug. 0.1. W5 SATISFACTION GUARANTEED OR YOUR MONEY REFUNDED WOOLWORTH'S 39 NORTH CENTRAL AVENUE PHONE SPring 2-4701 chairman of the committee, mote intra-group trade with Weened it to the speech which i reduced trade barriers. tne late Secretary of State Marshall delivered at Harvard as the basis for the so-called Marshall Plan Sir Oliver's remarks were widely circulated in interna tional organizations and the U.S. State Department They are believed the basis of a House study which has suggested greater European cooperation in assuming a larger share of the cost to aid to underdeveloped countries. Undersecretary of State Douglas Dillon is in Paris now for three days of high level economic meetings to find so lutions for trade and aid prob lems. Central Question The central question before the CED meeting was: "Is the economy of the Western world splitting apart?" Currently prosperous Europe is divided into trade camps: The Common Market com posed of Belgium, France, Italy, Luxembourg, The Neth erlands, and West Germany. This group has a population about the size of the United States and its object is to pro- Reorganization Plans Approved Salem - (DPD The State Board of Education has ap proved several partial plans and one complete plan for school district reorganization submitted by counties. The board approved one partial plan each for Clacka mas and Columbia counties and a complete plan submitted by Lake county. Action was withheld on a partial Coos county plan at the request of the Coos coun ty school reorganization com mittee because of a consolida tion Saturday of the Charles ton and Coos Bay school dis tricts. The committee indi cated revisions would be in order and the board concur red. Marion county originally submitted several partial plans but asked the board to take action on only one of them at this time, the North Marion plan. The board ap proved it and held in abey ance others for Salem, St. Paul, Woodburn, Gervais, Cascade and Silverton. Roseburg Fire Chief Named First Citizen Roseburg -(DPD- Don Starm er, Roseburg fire chief, has been named Roseburg's first citizen by the Chamber of Commerce. Starmer was instrumental in setting up fire lines which helped contain the Roseburg fire after the Aug. 7 plosion. ex- The Outer Seven, or Euro pean Free Trade association, made up of Austria, Denmark, Norway, Portugal, Sweden, Switzerland, and the United Kingdom. Then, of course, there is Russia and her satellites, and a group of nations outside the two free world organiza tions. The forum, according to Sir Oliver, would include the na tions of the Atlantic group plus U.S. and Canada. New Economic Dimension According to the British ex pert, the world of East-West problems is faced with a new dimension - iNOrth - South -"the problems of the relation ship of the industrialized na tions of the North to the un derdeveloped and developing countries that lie to the south of them, whether in Central or South America, in Africa, the Middle East, in South Africa, or the great archipela goes of the Pacific." Hoffman pinpointed the problem of the underdevelop ed nations in dollars. He said there are 100 low - income countries where per capita in come averages $125 annually against our own of $2,500. More than a billion people live in these countries which do not include China. If their income were to be pushed up to $160 annually by 1969 the cost would be $200 billion, Hoffman says. 'Soft Loans' He believes this could be cut by trade to a point where $15 billion to $20 billion of soft loans" would do the trick. Keith Funston, president of the New York Stock Ex change, writing the Saturday Review's guest editorial, held that private capital was the best method of solving world problems. But this involves two tough problems in itself, he notes undue restrictions against for eign capital, and a political barrier ."the fear of many underdeveloped nations that foreign capital may come to play too important a role in their countries' economic lives, and that American capi tal will go abroad with the aim of 'imposing' the eco nomic system of the United States on its host nation." Primary Interest He believes this latter prob lem can be overcome. "Our in terest," he says, "lies primari ly in the healthy development of the free world - in closing the gap between aspirations and actualities as rapidly as possible. "In that great effort of this century of economic hope pri vate capital can play a decis ive role. 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The department last year granted 5,170 loans to World War II and Korean vets in the amount of $52,932,550. H. C. Saalf eld, director, said the final amount of loan funds will have been committed to borrowers as of Jan. 18. Loans starting on that date are being scheduled for funds at the rate of 120 a month. Loans in 1959 averaged 430 a month. Washington - (CPU -Gen. "Immoos D. White said Mon day the United States is de veloping a new ballistic mis sile called the "skybolt" which will give this country an "essentially invulnerable" weapon against surprise attack. Portland (UPD Mayor Terry Schrunk of Portland will seek reelection to the office this year. ANOTHER ANDY'S BEST BUY!! WATCIHl GLOSEOUT MBlim 50 Diiuiniv Dampim WE'RE i OVERSTOCKED OFF ! Every Watch Musi Go! Mi Genfs Shockproof, Waterproof REG. $59.50 Now Vi Price 17 Jewel ANDY'S BEST BUY! on Ladies' 17-Jewel Yellow Gold Reg. $59.50 Andy's Easy Terms $2788 ANDY'S BEST BUY! 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