Medford mail tribune., March 30, 1960, Image 7

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WRECKAGE DREDGED Power shovels ing 63 persons. Three of the engines have
have gone 40 feet into the earth at the been recovered and sent to the maker for
crash crater to dredge up pieces of wreckage study. The other wreckage will be sent to
of the Northwest Airlines Electra plane that Lockheed, who manufactured the aircraft,
crashed near Tell City, Ind., March 17, kill- - (UPI Telephoto)
Corporations7 Reports Making
Americans Informed Investors
By ELMER C. WALZER
D UPI Financial Editor
- New York - (LTD - Annual
reports of corporations are be
coming bigger and better to
ffj make Ameri-
i n formed in
vesters in the
world, a Wall
Street econo
mist finds af
ter a concen
trated study
of these docu
ments. But R. L.
?Vissmtn, economist of W. E.
XLfitton Co., finds there still
i lacking an educational pro
Ggrm in defense of capitalism
h9 profits - a program that
coi3d be helped along by in
dornjative articles in the an
nufl regorts.
"2h tnnual report," he
5 "should be an important
instrument in molding public
opinion merely by a plain
statement of facts."
Ho quotes the late professor
Joseph V. Schumpeter of Har
vard 'ho harbored a deep
fear that innovation and capi
talism were fn danger because
of$he unwillingness of the in-
9
dustrial leaders to oppose en-1 insistence on the virtue and
croachment, and their half
apologetic defense of capital
ism and profits.
Inadequate Answers
Intellectuals who are prone
to criticize what they do not
understand, are not meeting
adequate answers to their
abusive accusations, says
Weissman.-
"The simple test," he sug
gests, "is to try and convince
professional men such as doc
tors, editors, students, house
wives, or the mass of em
ployees that in manufacturing
of all kinds, net profits have
been running at a rate of four
to five cents on each dollar's
sales.
"If all profits were re
moved, the buyers would be
enriched by five cents out of
a dollar's outlay."
He finds socialization of
profits already has proceeded
quite far, with taxes on profits
even beyond those visualized
at the height of new deal
experimentation.
"In an election year par
ticularly," Weissman says,
"the need for economic educa
tion is great and the urgency
of a strong, straight-forward
'Court Records
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JlTN'IClP.iL COURT
Alva F. Wilcher, Klamath' Falls,
reckless driving. $10; no operator'!
license in possession, $10.
ftarry V.Jlftm.Skianer, improper
left turn. $5.
(Eobert Edwards Walker, im
proper passing. $10.
Penny Lynn Sampert, improper
left turn, $5.
rlnyd Dean fa tee, excessive
$5.
Shiplv Ann Hpnrv nrt nnratnr'c
lifense ix possession. $5.
John Carlton Spafford, improper
rif'ht turn, $5.
John Basil Gams, no vehicle reg
istration plates displayed. $3.
Berl McAllister Cox, violation of
basic rule. $10.
Russell Owen Hart, no operator's
license in possession. $10.
William llubert Turley, failed to
yield rvs,ht of way, $10.
Bill Paii Rambo. violation of ba
sic rule. $10.
Laurence Arthur Brown, dis
obeyed traffic signal. $5.
Richard Stanley Lingren. no ve
hicle registration plates displayed,
$3. .
Jerry Ned Crumm, inadequate
equipment, $13. .
Jeanne Bevis, excessive noise,
fine suspended.
James giSard Barnard, no ve
hicle registration plates displayed.
$2 30.
Ralph Elton Tuttle. disebeyed
traffic sign, $3.
Christatn J'rank Wieskamp, dis
(7 obeyed traffic signal. $10.
Jac'& E. Ragedale. no vehicle reg
istration plates displayed, fine sus-
V-'naen. j
Ann Alexander Markoff, dis
mayed e.-pined tabs , fine sus-
Q pegxied.
.'Vgnes raa Day. no operator's
license in possession. $3.
G. David Eugene Rasmussen, viola
U tioc of basic rule. $10.
w Merrial Ray Stembridge. no ve
hicle registration plates displayed,
$5.
Thomas Paul Shuler. no vehicle
registration plates displayed. $3.
Dary Myron Sohnson, violation
nf hasin rule 10.
Raymons) Josepn Gibson, viola-
Edwin
$13.
Merle Blair, overwidth,
desirability of profits can
hardly be over-emphasized.
"One gets the impression in
listening to talk that profits
are almost immoral to many.
"Higher wages, it seems,
are to be welcomed - higher
profits are to be decried.
No Profit, No Investment
"Intellectuals seem to for
get that neither they nor any
one else would make added
investments without an added
return.
"The extreme of the twen
ties, when too great a part of
the increase in productivity
was channeled into profit,
was no more unsound than
the perils of the sixties of
funneling all of the gains of
investment into wages."
Weissman finds some of the
annual reports playing a big
ger part in economic educa
tion. He praises the Federal Re
serve Bank of New York for
its discussion of the American
economy, and the Federal Re
serve Bank of Philadelphia
for . its exposition on central
banking.
He gives a nod of approval
to Virginia Electric & Power
company for its two-page in
sert on "The Price of Liber
ty." Du Ponfs report brought
out that the average operat-
Bomarc Cutback
Plan Opposed
Washington - (UPD - The Air
Force, which announced last
week it is drastically curtail
ing the Bomarc B air defense
missile program, has rejected
congressional suggestions it
abandon the Bomarc entirely.
Closed-door testimony pub
lished Tuesday by the House
defense appropriations sub
committee showed Gen. Thom
as D. White, Air Force chief
of staff, has "utmost confi
dence" , in this anti-aircraft
missile.
White also pointed to the
fact that Canada, with which
this country works in a joint
defense effort, plans to go
ahead with her Bomarc bases.
And he said Gen. Lawrence
S. Kuter, chief of the North
American Defense Command,
sharply opposed the planned
cutback and could not provide
a substitute defense in event
the Bomarc were altogether
eliminated.
Kitchen Decor
East Lansing, Mich-(UPD-De-
sign your kitchen to help you
work, suggest home manage
ment specialists at Michigan
State University. Remember
that light, soft colors provide
maximum light reflection.
Avoid high glossy finishes
that cause excessive glare.
Spring Highlight
JamesD Whiteiy. overwidth. $15. ) ing investment per employee
Mahl K (.ornenn innlnhnn nf I "
basic rule, $13
William D. Colley, no muffler,
$15.
Cicero .M. Medcalf Jr., violation
of basic rule. $15.
David L. Bell, no vehicle license,
$10.
Harvey D. Fied, failure to stop.
$10.
William Don Bunch, failure to
stop. $10.
John A. Ells Jr., overload. $125.
John W. Caulkins, violation of
basic rule. $15.
T. H. Olsen, no vehicle license,
$10.
Geneva A. Schmeltzer, failure to
stop, $10.
Mildred P. Farms, angling with
out a permit. $30.
Irving S. Thomas, failure to stop,
$10. ,
CIRCUIT COURT
$15.'2ba whiel playedT.-al
LeRoy Hughes vs. Irene Angelina
Hughes, divorce complaint.
Marion Irene Preston vs. Merle
Arthur Preston, divorce complaint.
Betty Fern Nutter vs. Kenneth
T Vnttar rfiirnrna
Norma A. Robinson vs. Miles R. WlUlin one million dollars Ot
now amounts to $32,000
against $17,600 in 1950 and
less than $13,000 before World
Warll.
Maintenance Higher
Allis - Chalmers brings out
that plant maintenance runs
far higher than depreciation
provisions. Borden's report
includes earnings of foreign'
subsidiaries now becoming
important for many com
panies. Central Hudson Gas lists
the percentage of employees
owning stock - 22 per cent
for that company.
General Electric notes its
pension fund exceeds a bil
lion dollars and in 1959 the
cost of employee benefits was
i'mn of basic rule. $10.
Gerald IV
basic rfte,
Marvin Wynn, violation of
S10.
Richard Lee Hanson, changing
lanes improperly. $10.
Birdje Ellen Swearingen, viola
tion ofbasic rule. $10.
Dal Monroe Blickenstaff, im
proper right turn, $5.
r James Comfort Martin, wrong
Tvay on a one-way street, $10.
G
DISTRICT COURT
" Jo Ann Bailey, no operator's li
cense. $10.
George M Davis, failure to stop,
$10. Q
Ruth F. Mollers, no operator's li
cense. SW.
HrrtWrt H. Outhouse, driving
while encumbered. $6.
Harold T. Mattern, no operator's
license. $10.
Aubrey Head, no motor vehicle
license. $10.
Ronald E. Nelson, failure to stop
for school bus. $15.
Dan E. Bailey,. no operator's 11
ccn. $10
Waler A. Pelican, failure to trans
fer title. $10.
Dorothy A. Courier, obstructed
vision. $6.
Ramon G. Elbert, racing. $35.
f-vJohn A. Frazier, 831", West 12th
sr.. driving under the mfluence of
liquor. $255.
Ben Andy Scott. Kerby. Ore, ille
gal possession of liquor. $30.
Harley Harper, failure to stop,
$20.
Patriw E. Anderson, no opera
tor's license. $10.
William A. Allen, driving while
encumberee, $6.
a Kenneth Mainwarinf Jr, impro-
per muffler. $15.
Tammy E. Goucher, no operator's
licetTse. $10.
Nettie G. Fry, passing with in-
RH'ficient clearance, si
lure
to stop.
Harry Oedekerk, fail
$l.
ajUoyd J. Mynatt, failure to stop,
$10.
Forrest D. Spears, obstructed
vision. S5.
Wheldon ,F. Biddle Jr., overload,
$4'.
Robert Swindler Jr., weight vio
lation. $15.
9 John Rush, failure to stop. $10.
Bill L. Edwards, operating while
license suspended. $253.
James W. Gibbs, no operator's li
cense. $10. '
Carroll G. Zackery. violation of
' baic rule, 515.
William D. Webber, overwidthi
15. .
Robinson, divorce decree.
Dorothy M. Clithero vs. James A.
Clithero. divorce decree.
Herbert H. Outhouse vs. Betty
Outhouse, divorce decree.
Pauline Hatfield vs. Glenn Rich
ard Hatfield, divorce decree.
Sandra Mae O'Dell vs. Billy
Charles O'Dell, divorce decree.
Juanita Calhoun Keck vs. Lorren
C. Keck, divorce decree.
MARRIAGE LICENSE -APPLICATIONS
Swain A. Jensen. 2397 West
Main St.. Med ford, and Maxine In
man Jensen, route 3, box 86D,
Med ford.
Rexford - Arnold Jr., Vernonia,
Ore., and Donna Rae Johnston,
Prospect.
Henry Garfield Hathaway, 1241
Dowell rd.. Grants Pass, and Lu
cille M. Frizzell, 713 NE Savage
St., Grants Pass.
the company's dividend pay
ments. Looking over the reports,
Weissman concludes corpora
tions this year will continue
to finance expansion out of
earnings and keep dividend
payments around the same
percentage of profits as 1959.
How They've Grown!
Washington-flJPD - One-third
of home freezers in use today
are more than YlVi cubic-feet,
compared with the average
eight cubic-foot freezer of
1946.
k li
ooio I M S,ZES
9212 ! !4j-24!4
Spring's important cape col
lar balances a step-in sheath
creates a smart, slimming ef
fect. Choose mint-fresh cot
ton, shantung for now through
summer.
Printed Pattern 9212: Half
Sizes 14V2, I6V2, 18Vi, 2OV2,
22 '2, 24 12. Size 16 12 requires
3Va yards 35-inch fabric.
Send FIFTY CENTS (coins)
for this pattern - add 10 cents
for each pattern for first-class
mailing. Send to Marian Mar
tin, Medford Mail Tribune,
Pattern Dept., 232 West 18th
St., New York 11, N.Y. Print
plainly NAME. ADDRESS
with SIZE and STYLE NUM
BER. JUST OUT! Big, new I960
Spring and Summer Pattern
Catalog in vivid, full -color,.
Over 100 smart styles ... all
sizes . . . all occasions. Send
now! Only 25c.
You don't have to be rich to enjoy 1
f JIICH BOURBOM j
f y old ;.i
f v'X H I ssassS'iaswj QUART
v. S Z tf C0DE 1458 ;
r - - ' A
A BARREL OF QUALITY IN EVERY BOTTLE
STRAIGHT IOUIION WHISKEY 16 OOf OLD QUAKES DISTILLING CO.. UWRENCEtURC. IND.
QUEEN HAS FLU
LondonflJPD-Queen Mother
Elizabeth has the flu and has
cancelled all her engagements,
Buckingham Palace an
nounced Tuesday.
Lent Said to Help Christians
Achieve Mastery Over Selves
By FR. AID AN M. CARR
O. F. M. Cony.
St. Anthony On Hudson
BABY ABANDONED Found in the vestibule of St. Vincent
DePaul Church at Pittsburgh, Pa., four-pound "Patty" was
reported doing fine in Ohio Valley, hospital today. The baby
was found by Mrs; Mary Masilunas, mother of three, who
recognized what others thought the meowing of a kitten as
a baby's cry. A nurse is holding the baby, named by nurses
for the policeman who brought her to the hospital.
-(UPI Telephoto)
Rensselaer, N. Y
Written for UPI
Lent helps Christians to
achieve a mastery over them
selves; to reaffirm 'men's goal
as a child of God and broth
er of Christ. In a World that
is more concerned about what
one has than, about : what one
is; that hold out the false
promise of happiness through
pleasure-the church now in
vites all to remember that the
state of one's own soul is what
really matters and "that true
happiness not pleasure is the
purpose of human life.
It is a - mistake to regard
Lenten restraints as somehow
intended to rob life of exuber
ance, warmth, and vitality.
Lent is no killjoy. It is a gen
tle if firm invitation to rise
to spiritual heights through
some slight imitation o f
Christ's splendid self-mastery.
"Follow me," he whispers to
every man, "I am the way,
the truth, the life." And in
calling us to be like "him in
honoring the father,..' he re
minds us that self-conquest
through mortification is neces
sary if we are God's will and
not merely our own.
Penance brings to all who
sincerely accept it a precious
chance to reflect, once again,
that if we want one way to
share Christ's ' glory, w e
must now share his cross.
PLAYER'S BROTHER DIES
San Diego, Calif.-ft!PD-Dan-iel
Arthur Williams, 39, broth
er of Boston Red Sox out
fielder Ted Williams, died
Tuesday.
MAIL TRIBUNE, Medford, Or. 7
Wednesday, Mar. 30, 1960 ' A '
Salem (UPD - The 1960 Ore
gon forest fire season official
ly starts this Friday, April 1.
TEST DRIVE THE.
New Cofvair
AT e - C
Courtesy Chevrolet
9th and Bartlett Sts. Phone SP 2-6115
Prove To Yourself the . . .
ECONOMY
PERFORMANCE
QUALITY
PRICE ADVANTAGE
In The Happiest Driving Compact Car!
OREGON is a way
of living
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. A ft " '"HWIW f
let First National
help you enjoy it!
Driving from the tee of one of the world's
greenest golf courses ... or out driving
amidst spectacular scenery, you're taking
part in the Oregon way of life. Over 300,000
Oregon people insure their enjoyment of
this life by saving regularly at First
National Bank of Oregon.
Watch your money grow in a First
National savings account. Maintain a reg
ular savings habit at your nearby First
National office. Relax with the knowledge,
your money is secure . . . and earning big
interest. You also receive the highest per
sonal interest from your neighbors at First
National Bank of Oregon:
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Get acquainted with ...
J. A. "Joe" Moore
If you haven't met him already,
you'll tnjoy knowing your First
National Branch Manager. His
years of experience in bonking
can be helpful in dozens of ways.
Drop in soon. Let First National's
"Personal Interest" banking help
you enjoy the Oregon way of
ivingl '
W'
"MY BANK' POR OVER SOO.OOO OREGON PEOPLE!
. POKTLANB
MIMIM FIBnUMPOIIT IMSUIAtKI C0ltTI8
THE FIRST NATIONAL BANK OF OREGON, PORTLAND
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