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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (June 9, 1960)
o o o Economists Cheered By Near-Parity of Canadian Dollar Br ELMER C. VALZER UPI Financial Editor . New York - (UPD - S o m e patriotic American! with small knowledge of foreign I exchange ram' ifications felt badly not long ago when they saw the Ca nadian dollar rise to $1.05 in terms o f U.S. money. Now the rate Is declln- Elmer WaJur ing to around $1.01, and economists in Can ada are predicting it soon will reach parity with the U.S. dollar - each worth 100 cents in terms of the other. This is cheering news to the American who bewailed the premium on the Canadian money. But the big cheers are com ing from Canadian companies which export goods to the United Stales. Senators Favor Repeal of Oath On Student Loans Washington-IUM-Sen. Ken neth B. Keating (R-N.Y.) has demanded the repeal of the requirement that college stu dents must sign non-communist affidavits before they can I obtain federal education loans. Keating, a member of the Senate Judiciary committee, said the provision threatens to destroy the national defense education law, which was enacted to help "train Amer ican students to keep pace witn Russia In the space age. Some Quit Program He noted that 25 colleges and universities already have pulled out of the loan pro gram because of their "strong disapproval" of the so-called affidavit requirement. He said other educational institutions also oppose the law. "While I wouldn't hesitate for a minute to s 1 g n this (oath) it I wanted a loan to go to college." Keatins said. "I believe that Congress has an obligation to itself, to the nation and to the academic community ... to get rid of mis source of discontent, Keating made his comments during a TV broadcast for several New York state sta tions. The affidavit is an oath to the effect that the signer does not believe in or belong to any organization seeking to overthrow the government of the United States. Senate Democratic leaders recently indicated that legis lation to repeal the law would be called up for action soon, possibly this week. Loyalty Oath Favored Keating said the affidavit is not required of farmers, home-owners or any others getting government loans and should be dropped. nowever, ne said It was Important to retain another provision of the Defense Edu cation Ace calling for student loan applicants to take a loy. alty oath, which is the same as that given to members of Congress, administration of ficials and members of the Armed Forces. "No one can possibly object to tnis oath," Keating said. But over and beyond the loyalty oath, nothing is gain ed by retaining the discla affidavit-especially In light of the fact that known commu nists don't hesitate for a sec ond to sign this type of af- IIQUVH. " Blankets, Funds Still Are Needed ' According to Information received today by the Red Cross office In Medford, blan kets and funds to meet the needs of temporary housing and household items are still urgently needed in Chile. The American Pacific area office reported that the emer gency needs for food, clothing and medicine have been met. Peter Ruef, chairman of the local committee for Chilean Relief, reported that blankets and funds will be received by the local chapter at 80 Haw thorne ave. The local chapter also thanked area residents for their response to the request or Items which will be ship ped to Chile. RECEIVES SCHOLARSHIP Eugene - Raymond Lee Konopasek of Medford was was awarded a $250 Harry and David Holmes scholar ship, the University of Ore I gon committee of scholarship awards, announced recently. This Is to oe used for study t the university next fall. According to Henry R Vance, chairman of the American-sponsored mutuiil fund, Canada General Fund, Ltd i-anaaa 8 export companies will save 250 million dollars annually when the Canadian dollar sinks to par in terms of me U.S. dollar. Higher Paper Earnings Canadian newsprint com panles, forced to sell their product here in U.S. dollars, will be among the big bene- nciaries of the reduced Ca nadian premium, he says. ii me newsprint com panies in the portfolio of Can ada General Fund," he says. "had sold their product in the United States last year on the basis of the present rate of exchange, they would have increase 1 their per share earnings by about 15 per cent, 'Elimination of this loss, will, of course, add a tremen dous amount of revenue to the Canadian newsprint industry, wntcn has continued to crease exports to the U.S. despite the sharp exchange losses. Canadian exports to the U.S. for the first four months of 1960 rose 14 per cent over the corresponding period of 1959. Mining and Gas Revenue "If exports continue at this rate through the year, the elimination of the 5 per cent 'exchange penalty' will result In annual ravings of 250 mil lion dollars to the Canadian companies," Vance says. He also expects Canada's mining industry to benefit in the exchange rale. Here, he cues iigures anticipating a rise of 40 million dollars in earnings. He looks for Canada's nat ural gas industry to play a vital role In Canada's econ omy. "The government's recent decision to free vast reserves of natural gas for export to the U.S.," he says, "will have a strong impact on the coun try's economy. "It will be felt over the short term during the con struction of pipelines and other facilities, and over the longer term as gas flows into U.S. markets under contracts which, when approved by U.S. authorities, will run for sev eral decades. Universal Plan For Military Training Urged Delafield, Wis. (UPD - A universal, compulsory mili tary training system for the nation has been proposed by former U.S. ambassador to the Soviet Union George F. Kennan. Kennan told the graduating cadets at St. John's Military Academy, his prep school al ma mater, he was "inclined to think that the U.S.' entire system of selective service was due for basic re-examination." "I think we should serious ly consider replacing it with a system of universal, nation al training and service," Ken nan said, "to embrace every young man, regardless of physical fitness." Kennan, now a professor at the Institute for Advanced Study at Princeton university, said the training period would probably be for one year, "immediately after comple tion of high school. To Lay Foundation Kennan, U.S. ambassador to the Kremlin under President Truman, said the purpose of such a program would be "to lay a foundation for what ever future service to the na tion the many may be called upon to render In the later stages of his life." Kennan said while it would not necessarily have to be de voted . entirely to military training, the service "should be designed to inculcate those qualities which we usually associate with the military life: physical fitness and hard ness, a sense of discipline and responsibility, pride in unit initiative and alertness, and the sort of comrodship that is found only in the disci plined framework. "Above all," Kennan snld, "It should be designed to de velop a proper sense of ob ligation of the individual to the nation and to society at large. THE DANMOORE HOTEL til 7 SW Morrlion St. PORTLAND, OREGON All tranilant tutui. All thou oho cent, rtturn. Ratal not hi.h. not lew. Fm aarta., TV'i and radios, teurarioa for cltanllntn. Children Under Seven No Charge Nils .;. '"w lr" ryJ"'' ' ' -r""''"" t 4,- " ; USED TO CRUSH ORE - This photograph able timber which was used by miners to made about the turn of the century shows a crush gold ore. Fine dust was washed into water-driven device fashioned from avail- a pit and gold separated. (UPI Telephoto) Search of Long-Lost Portland. Ore.-fllPB-At this time of year many an old prospector's thoughts turn to the lost Shecpherder gold mine in the vast wind swept uwynee Desert of southern Oregon And, according to the Ore gon State Department of Ge ology office in Portland many an old prospector trudges out behind his bur row to seek the hidden treas ure each year. The lure of gold once':set the Oregon country rumbling with the thunder of rushing horses and wagons as it did in California and Alaska. But the Oregon gold strikes, for all their tragedy and ro mance, were overshadowed by the flash of yellow at Sut ter's Mill on the American River in California. Gold was discovered in Oregon in 1851. three years after the find in California. Gold in Jacksonville In that year, "They are dig ging gold in Jacksonville" was a whisper that ran like a prairie fire through the Ore gon, country. .They dug gold. in tne streets, in the yards and scooped it from the dust until there was no more in the southern Oregon town. Wagon tires creased moun Breakfast, lunch or dinner . . . serve Wilhams', the bread with that fresh, baking day flavor. The tempting wheaty goodness of Williams' Bread adds that crowning touch to all your meals! MEDFOHD MAIL Owyhee Desert for ; Gold Mine tain trails toward another rainbow's end-Griffin Gulch in Baker County. Nearby the town of Auburn grew from rocky ledges and in a year was a community of over 5,000. They panned the creeks and harrowed the land until gold was gone. Not a house now stands in Auburn, but occasional prospectors still pan nearby. It was that way in other Oregon gold strikes, too. The miners rushed in and worried the earth free of its gold, and then-left. But hidden mines still are mentioned, and the most fa mous is the lost Sheepherder. It was discovered in 1878 by three cavalrymen fighting the Bannock Indian wars. Before they vanished in the obscur ity of the wars, they told a ferry boat skipper named Keeney of the mine and its richness. Keeney spent the rest of his life in a futile search, Samples Dug A young sheepherder, 34 years later, came across the mine and dug samples of ore. When he again reached civil ization, he -was ill with spot ted fever. He died before he could disclose the location to TRIBUNE. MEDFORD, ORE. Continues a friend. But the samples he brought out were among the richest ever seen. The legend of the lost Blue Bucket mine still runs rich in eastern Oregon. The mine was first discovered by pio neers who did not realize what they had found. A mine near Canyon City in Baker County, believed by some to be the famous lost mine, has produced gold. But tales of the original secret treasure continue to abound. and it is still sought. Once Active Industry Mining was an active indus try in Oregon in many places until World War II. After the war, costs increased until the price of machinery and wages made mining gold for $35 an ounce a losing business. The price of gold remains the same, but other costs continue to rise. Only one mine still is worked in Oregon. But pros pectors continue to bend over pans in the coastal rivers and mountain creeks, and the bur row tracks still mark the wind-blown sands of the Owy hee Desert. Gold, once a cry of tri umph, Is only a muted whisper. .... -sE 4L e4 xx LUAKDInKB BAY. FLAVOR? ! Back Stairs: By MERRIMAN SMITH UPI White House Reporter Washington -' HIPD - Back stairs at the White House: The night that President Eisenhower broadcast his re port to the nation on the Paris Big Four conference, there was some audible snickering in a corner of the chief ex ecutive's office shortly before he was to go on the air., Robert Montgomery, who oversees the President's ap pearances on television, came bustling over to quiet the mirth. What had happened was this: A group of reporters and TV technicians were gossip ing and one man noted that the President's desk was bare of any props except two tele phones! - "Can't you just imagine," said the man, "what would happen if the telephone rang during the President's speech. He'd stop talking and pick up the phone. Then he'd say, 'hello . . . Nikita? . . . Nikita who?' " A Washingtonian who drops In at the" White House fre quently stopped by the other day to leave this simple elec tion year parlor game: Name an American President who saw active duty as an officer or enlisted man in the Navy. It turns out that this is a loaded game designed to ques tion the chances of either vice president Richard M. Nixon or Sen. John F. Kennedy be coming President. Nixon and Kennedy both served in the Navy. The answer, of course, is that ' no Navy man ever be- c a m e President. Thirteen Presidents had earlier Army careers, but no Navy men made it to the White House. These are glamorous days around the White House. Walter Winchell swept in from Broadway the other afternoon, doled out perfume and lipstick to all the girls, and left the prettier stenog raphers gasping as he assured them they ought to be in pic tures. And Elaine Sheppard, the actress-turned-writer, is in town to give a way-out swing ing party as sort of a going- away affair for the President's trip to the Far East. She's invited a lot of White House people to join her in a hotel ballroom where she has order ed a large swimming pool built just for the occasion. She'll furnish Gay Nineties bathing suits for the guests, Snickering Overheard there'll be a Jazz band and somehow the people are sup posed to swing to the melodic strains of "Rampart Street Parade." ' Few people ever see a high ly important aspect of pre paring for a presidential trip and that is collecting the gifts Eisenhower will bestow on presidents, potentates, emper ors and generalissimos along his Far Eastern route. By the time he takes off next Sunday for Japan and intermediate points, the Presi ...Just pennies more jh aSV ' KING of beers ! jtL ff Pick a Pair of 6-Paks Budweisei! (Available at your favorite food store and tavern) Y ANHEUSER-BUSCH, INC. ST. LOUIS NEWARK LOS ANGELES MIAMI TAMPA F THE E)AY dent's staff will have as sembled quite a handsome col lection of distinctively Ameri can presents. The gifts must be packed with extra care in large plywood shipping con tainers, carefully marked for each country. For the ranking dignitaries of the Philippines, National ist China, Japan and Korea there probably will be an as sortment of beautiful Ameri can crystal. American foun tain pens, electric shavers and electric mixers are quite THURSDAY. JUNE , 1960 valued gifts overseas and the President has distributed soma of these on past trips. 10 oi. Inirant $1.39 BROWN'S MARKET Eagle Point oo o o o o o Of o o
