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FRIDAY. SEPTEMBER 16, 1960
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Changing NtfMca o$
Projects in Oregon
Lost in Shu
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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. Morse had introduced
a bill by request of the execu
tive board of the Democratic
party of Oregon to rename
John Day dam after Neuberg
er. But no one pushed that
idea and nothing more was
heard about it.
Near the end of the session,
Lusk agreed with the idea of
erecting a marker for Neu
berger at the Fort Clatsop
National Monument, Astoria,
but no bill was actually introduced.
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