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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Sept. 16, 1960)
o o o TRIBUNE, MEDFORD, C6g) s jtfar"" 777 3 - ---.-a, Jm- HAk o o o O FRIDAY. SEPTEMBER 16, 1960 O Changing NtfMca o$ Projects in Oregon Lost in Shu fir fjf, i rA I 4 L- r;f- SEN V.I ft V i. .'J: K I n Its T W SrSflpr-jr B V- Ik M t W1 1 TOSS .O" WSs ' WV2Ctgi POTATO PICKIN' TIME-It's potato pick- tival, to be held at Redmond Sept. 24. The ing time in central Oregon and these Red- harvest trio, complete with burlap vests mond ladies are shown digging their en- is, from left, Mrs. Robert Weigand, Mrs! tries for Oregon's third annual Potato Fes- Robert Hostetler and Mrs. Verden Fultz. (UPI Telephoto) Thriving Insurance Business Started In One-Room Off ice Dallas, Tex. - IUPD - On a wintry January day in 1935, Travis T. Wallace founded the Great American Reserve Life Insurance Co. in a $20-a-month, one room office. "We had one secretary fresh out of school, $500 in assets, and no premium in come," he recalls. On its 25th anniversary this year, Great American could boast $19.5 million assets, $10 million premium income and 450 employees scattered over eight states. In a little more than 35 years, Wallace went from soda jerk to insurance salesmanMo president of his own com pany. Wallace, who at 56 shows his age only by a receding hairline, was the oldest of seven children born to an Oklahoma tenant farmer. Followed Wheat Harvest After finishing high school at 17, he took a job following the wheat harvest from Texas to Kansas. "When the wheat harvest played out in Great Bend, Kan.," he said, "I took a job as a soda jerk. I met a girl who was taking a correspon : dence course in insurance and got interested in it. "But what really convinced me to go into the business was when my boss slipped one day and hurt his back. He had an accident policy which he collected on and this seem ed the greatest thing in the world to me at the time, so I got a job selling insurance. "Twelve years later, I de cided it was time to put some of my own ideas into oper ation and start my own com pany, Wallace said. Wallace and C. O Hamble ton, who is now board chair man, organized the company by re - licensing a dormant firm. They operated as a mutual assessment company in the accident and health in surance field and in 1943 add ed life insurance coverage. The dollars and cents growth of Great American has been rapid, but it only tells a part of the company's story. Through Wallace's leadership, the company has pioneered many innovations in the in surance field. "A company can grow only if it has a personality," Wal lace said, "and this personal ity can only be created by capitalizing o n innovations which benefit both customers and employes." Discontinued Practice As Wallace developed Great American's corporate image he began the bank draft au thority method of premium Davments. sent salesman all I over the south, and discon tinued the practice of cancel ling health policies because the insured's health deteriorated. He gave his salesmen a level draw against rnmmU. sion and stabilized their in- comes and started an auto in surance policy with premiums payaoie monthly. To insure that his pmnlnvppc had a share in the company he started a plan m 1937 so each could buy stock on a basis of position and length of service. "An organization ran n n grow unless the employees have a great interest in it and feel they are a part of it" he believes. An imDortant stpn for th company was taken last year when Wallace moved Great American- into the fire and casualty field. As for future growth, Wal lace says he has a 10-year Dlan which should rtush Hrpnt. American's insurance in force to more than one billion dol lars, compared with $250 mil linn fnrtav nnrf a nrpmium in. come of more than $40 mil lion. - Burglars Break Into St. Paul High School St. Paul, Ore.-(UPH- Burglars broke into St. Paul High school Wednesday night and attempted to open an office safe but failed. John Zabinski, chief criminal deputy for Mar ion county, said nothing was taken from the school. The break-in was reported about 7:15 a.m. today by a custodian. The safe was empty except for some papers and lunch tickets, Zabinski said. By A. ROBERT SMIJH Mail Tribune Washington Correspondent Washington (Special) - All those proposals made in Con gress the past year for chang ing the names of various Oregon public works in hon or of designa ted political figures were lost in the shuffle. The one that got the far- A Host sniui. nuns was the idea of naming a dam for the late Douglas McKay. It almost made it, but was killed off in a partisan man ner. Then there was the idea of naming the Oregon Dunes Na tional Seashore after its first proponent. Sen. Richard L. Neuberger. But inasmuch as Congress didn't get around to acting on the seashore legisla tion this year, nothing was done about determining a formal name. There was no visible op position to placing Neuberg- er's name on the dunes park, although there was vocal op position to the park itself by any name. The Neuberger park bill was introduced by the assistant party leaders of the Senate, Sens. Mike Mans field (D-Mont.) and Thomas Kuchel (R-Calif.), shortly af ter the Oregon senator died last February. Morse Unpleased Neuberger himself had been the advocate of honoring Mc Kay. But Sen. Wayne Morse was anything but pleased with this idea, although he didn't mention his opposition out loud or lift a finger against the bill when it cleared the Senate. It called for renaming Green Peter dam on the South Santiam river in the Willam ette valley after McKay, form er governor and President Eisenhower's first Interior secretary who unsuccessfully challenged Morse for the Sen ate in 1956. When Mrs. McKay indi cated she preferred that De troit dam, closer to McKay's home at Salem, be the one rather than Green Peter, this modification was made in the House Public Works commit tee after long delay. Rep. Edith Green (D-Ore.), while not enthusiastic about the proposal, gave it her clear ance when House leaders checked to determine her at titude. Icebox Treatment But the bill had to be re turned to the Senate because the House had modified the bill by changing the dams. Attached to it, also, was a pro Dosal advanced by House Democrats to rename a lock I in the St. Lawrence Seaway for Rep. John A. Blatnik (D Minn.), who is not only very much alive but is a member of the committee which tack ed this proposal onto the Mc Kay bill. When this dual proposal was referred to the Senate Public Works committee, it got the icebox treatment. Sen ators were cool to the idea of setting a precedent by naming a lock for a living person, al though Blatnik's office was quick to note that the Re publicans were pleased to name a dam for ex-President Herbert Hoover, also still alive. With a stalemate at hand, Sen. Hall S. Lusk then got the McKay idea alone attach ed as an amendment to the omnibus river and harbor bill on the Senate floor. But when the omnibus bill went to the House-Senate confer ence, it hit its final blockade. The House members would not agree to the McKay amendment with out adding Blatnik, and the Senate mem bers would not agree to the Blatnik idea -a standoff made all the more embarrassing be cause Blatnik was one of the House conferees. 'There was just a long silence," said an observer of the episode, and so the McKay amendment was deleted from the bill. Sen. 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