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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (May 9, 1960)
o 0 0 0. r7 G) n o o o o o o o O o o Two Theories Dominate Efforts To Answer Why Sen .Morse Lost A. Roat Smti By A. ROBERT SMITH Mail Tribunt Washington Corraspondanl 'Yasliingiou tapeciai) - Two theories dominate efforts by political observers here to answer the i question: Why ji d i d Sen. I Wayne Morse ijHubert 3 Ul.mnKrn,, I I the District of ? Columbia president i a 1 p r t f e rence primary? The first is that this was an 'I don't election. Sen. Morse said he thought he was a victim of a very light vote, that had the turn out of voters been heavier he would have won. Only 19,436 Democrats went to the polls here last Sunday, compared to 24,000 who voted in 1956. Plauaiblt Explanation The moat plausible explan ation for this sharp drop in votes is that many voters did jiot care to support either i!orse or Humphrey for Presi ji?nt. Conversely, in 1956 the primary here was between Adlai Stevenson and Estes Ke fauver, who were the two front runners for the nomina tion that year. In the prog nostications of most observers, neither Humphrey or Morse is taken seriously as the man most likely to succeed in the convention at Los Angeles. Even among the voters who did turn out, a high percent age did not mark any prefer ence for either Morse or Humphrey. The final unof ficial tally showed that 7,831 voters wanted the District's 9 delegates bound for Humph rey, 5,866 wanted them bound to Morse - but 6,239 could not bring themselves to mark a preference for either man. Nam Not on Ballot Many of this latter group probably favored Stevenson, whose name was not on the ballot but who had a vocal group of citizens campaign ing as delegates pledged to Stevenson. Yet Morse's dele gate slate managed to nose out the Stevenson slate, al though they lost to Humph rey's group. Others who left the Morse- Humphrey choice blank may have favored the other candi dates who were not on the ballot. The second theory concerns the influence of racial bloc voting. Humphrey was successful in identifying his candidacy with that of a Negro attorney, Frank D. Reeves, for Demo cratic National com mittee- man. Morse tied in with white leader, J. C. Turner, the incumbent committeeman. Close Contest This turned out to be the closest contest on the ballot, with the Negro winning by a few hundred votes. A recount could alter the unofficial tally. Morse's campaign workers were fearful that Humphrey would gain by the fact that Negroes might vote down the line for Reeves and the Humphrey ticket, just because they would appreciate the chance to vote for one of their own race. Morse campaigned hard in he Vejrn residential areas, and on the Sunday be fore election made the rounds of churches with Negro con gregations, speaking from the pulpit of his work in behalf of colored residents. Morse also made a point of mention ing that his delegate slate was "50 per cent more integrated than any other candidate's slate." 80 Par Cent Negroes No one knows how many Negroes or whites voted, but a veteran Democrat here esti mates that of the 19.436 Dem ocrats who ?.st ballots 80 per cent were Negroes. If this esti mate is near correct, the Ne groes did not vote as a bloc. Analysis of various pre cincts indicates that some whiles vnTd for the Nesro candidate, and that numerous Negroes voted for the white candidate. It also indicates that Humphrey did better in rela tion to Morse in the white precincts than in the Negro precincts, but that generally Morse trailed him in both areas of the city. The only general pattern appeared to be that Humphrey did better than Morse throughout the city, with the exception of a few precincts. Had the vote been heavier, 't might have changed this pattern - but chances are it would only have widened the margin by which Morse lost. MAIL TWBUNf, Mcdfatd, 0 Monday, May 9, I960 5 'Statehouse' Show To Be on Taxes Property tsvppyer who be lieve they may be paying more than their fair share of the tax load will hp interest ed in "Dateline Statehouse" at 10:45 o'clock tonight over KBES-TV. The new weekly program will feature a discussion on "how to appeal property tax es in Oregon" by John Mull of the law section of the State Tax commission, and Moder ator Bob Richter. A step-by-step explanation of the appeal procedure will be included in the report, sec ond of a new series of pro grams which will feature vari ous agencies of Oregon's state government. Many Common Stocks Have Had Long, Faithful Records BY ELMER C. WALZER UPI Financial Editor New York -IUPII- The New York Stock Exchange has proudly announced that more than one-third of its listed common stocks have paid quarterly dividends without fail for 20 or more years. At the same time, the ex change cautioned that history carries no guarantee of the future. f.nnH ointp demonstrates I that there is no such phenom enon as a 'sure thing,' " the ex change said. "But the facts which history has recorded do serve as a clue to the fu ture - of nations, of corpor ations, and of men. A corporation's reliability record is one indication that its management has coped with the pressures of change in the past; at least some indi cation that it may be able to do so in the future." Dividends for 96 yean One of the stocks in the ex change's dividend list - Amer ican News Co., magazine and newspaper distributors - has been paying dividends since it was founded 96 years ago in 1864. The group paying dividends each quarter for the past 50 to 96 years includes 46 com panies. Another 84 have paid regularly for 35 to 50 years; 109 from 25 to 35 years, and 136 20 to 25 years. The exchange lists each of the issues together with its stock exchange ticker abbre viation, the year steady divi dend payments began, the price of stock on March 1, 1960, the latest dividend for 12 months, and the yield based on the latest 12 months divi dends. Published In Booklet All this is contained in a 20 page booklet entitled "Invest ment Facts." The exchange publishes this booklet in re vised form from time to time. On the basis of the latest data, the 375 issues paying continuous dividends for 20 or more years had an aver age price of $45.50 and an average dividend of $1.82 a share, producing an average yield of 4 per cent. On Nov. 2 when the pre vious reckoning was made, the composite of 330 issues returned 3.8 per cent. This dividend pamphlet Is one of the most popular the producers exchange. So far more than 7 million copies have been distributed to in vestors without charge by stock exchange member firms. The pamphlet also answers basic questions about invest ing and ownership of shares of stock listed on the exchange. Terms are explained in the language of laymen. The exchange cautions pros pective investors that stocks rise and fall in an ever-changing economy. "In a free economy," it savs. "some businesses will do extremely well while others may make only a fair snowing - and some may operate at a loss. "Whether you should invest is a personal matter. It de pends on, among other con sideration, adequate emer gency savings to permit you to assume risks. Soma Cases Some companies have done verv well with their share holders in the payments of dividends and fringes such as stock splits. The booklet cites the case of General Motors. Suppose you were a General Motors shareholder using dividends to purchase the family car, it notes. In 1939, a small Chevy cost around $700. That year also.- GM paid a $3.50 divi dend. So ownership of 200 shares would have allowed vou to enjoy a car "on the company." Since then, General Motors split its stock 2-for-l In 1BD0, and 3-for-l in 1959 - your 200 shares became 1,200. Total dividends of $2,400 paid on those shares last year will buy a new car today. That's an example given to show how common stocks have kept pace with rising prices generally. Shares Grow Another example noted was Eastman Kodak common stock which paid $6 a share in divi dends in 1939. Ten shares of Eastman back there produced $60 income and $60 would have bought a good F4.5 Ko dak "Rechomar," a favorite of that day's photo enthusiasts. Since then those 10 East man shares have grown through two stock splits and seven stock dividends to 154 shares on which dividends of $240 were paid last year. Today, the booklet notes, a vastly improved Kodak "Retina-JC," with an F.2 lens, plus exposure meter and case, sells for around $125. So while the price of a better engi neered and equipped camera rose 108 per cent, income from the stock increased 265 per cent, Nixon Points To Head Start Washington-OIPD-Vice Presi dent Richard M. Nixon said today the new importance at tached to his job under Presi dent Eisenhower gave him a "head start" on other presi dential candidates. Nixon said Eisenhower ex panded the vice presidency by including him in all major policy-making meetings, by sending him around the world j as a good will ambassador and ' turning him into'a legislative trouble-shooter. This, Nixon said, will be ' judged "one of the President's most important achieve ments." "Neither political party in the future will ever again look upon the vice presidency as simply an office to be used for purposes of balancing a ticket geographically or re ligiously or politically,"' he said in a copyrighted inter- j view in U. S. News & World I Report magazine. Both political parties will recognize, first, that a vice presidential candidate must always be qualified and pre pared to serve as President. "In the future, building on the precedents that the Presi dent has established in this administration, even greater use can be made of the vice president. . . as a legislative trouble-shooter at home, and as a representative in the for- j eign policy area." FROM PORTLAND THE ONLY JETS TO CHICAQO-3 hrs. 50 min. NEW YORK-Gtt hrs. WASHINQTON-6 hrs. 10 min. PHILADELPHIA 6 hrs. 20 min. .OS ANQELES-3 hrs. 25 min. SAM FRANCISCO-1 hr. 35 min, Jets are smoother and quieter than any propeller-driven planes. And they cut flying times dramatically. . . get you there fastest! Enjoy speed, room, lota of comfort and United extra care all the way. For reservations, First Class or Custom Coach, see your helpful TYavel Agent, or call United Air Lines, SPring 3-6233. o o Young Democrats Pick Law Student Portland-IUPIl - Fred Cham bers, a 23-year-old Williamette , University law student, Sat-1 rday was elected president of the Young Democrats of Oregon at the group s 29th , nnual convention Saturday. Other new officers are: Dan , Marsh, Salem, vice president; j Bill Williamson, Eugene, sec-1 retary-treasurer; Jean Savage, ' Salem, recording secretary; i Dorothy Stevens, Corvallis; Dave Kent and Dick Cesli, both of Portland, and Steve j Dorsey, Roseburg, all vice presidents; George Van Ho omissen, national committee man, and Leona Field, nation al committcewoman, both of Portland. v The Young Democrats pas sed a resolution calling for the United States to assume the lead in revamping the United Nations. Delegates also Indicated they were strongly in favor of federal aid to education at the elementary and secondary levels. They passed legislation of an expanded federal aid bill to colleges and universi ties and resinstatemcnt of the GI bill. ' L, A ., 'A united! TMt eXTKA CAHl UNt SOCIALISTS PICK TICKET, New York-ffiPli-The Soocial- 1st Labor Party 1960 national convention Sunday selected the same presidential tickat the party nominated in 1956. Eric Hass, 55, of New York, was again named the partes candidate Jor president. Mrs. Georgia Cozzini, a Milwaukee housewife. w; again named the party's vice presidential nominee. The party said Hass polled 46,000 votes last time. Marlboro, Mass. -ITD- Dus tin S I.ucler. 73. Dublisher of , jjg jJuaSjj o 9 o 6 In Cooperation with Kroehler, World's Largest Furniture Maker, This Outstanding Offer! LARGES LIV1N IN SOUT T STO CK OF mm OREGON This Week oily!! Buy On Easy Credit Terms Buy Any Kroehler Sectional or Living Room Set in Our Stock and Receive a $100 BONUS Allowance on any Furniture, Carpet or Accessories You Select from our Entire Stock Trade In Your Old Furniture For An EXTRA Bonus! EASY BUDGET. TESAAS. No Payment Until June "Your Family Furniture Store" SemrDpsteir ' a & 6th & Bartlett S3-4000 o the Marlboro Enterprise and Hudion Sun, died Sunday. O 0
