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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Dec. 19, 1960)
Faster Tax Write-Offs Stressed for Industry Regional Edition Medford, Page 2A Tribune Washington - (UPD - Twoidustrlal plants to head oft Ford ham university econo- serious unemployment threat mists today urged faster tax I in the years ahead. , . write-offs on the nation's in-1 They concluded in a lcnglhy FREE GIFT WD A D pour 11 boy. " , Faberge's handsome collection of toiletries tailored to a man's taste ... Men's lotion, Talc, Creme Shave, Soap gift boxed In sets or singles . the most welcome gift of all fresh crisp Woodhu ' i or triple-sec sophisticated Aphrodli la 1.50 to 10. shown bare, Shave Kit of Men's lotion for after snove, alter shower too with (ace-saving aerosol ' ' Crime Shave Extraordinaire gift boxed, the set 9.71 We Give Thrifty Green Stamps McLains Drug Centre 8 North Central SP 2-7113 Open Week Days 8:30 a.m. to 9 p.m. Closed Sundays j study published today ' that "serious unemployment could result from continuation of present depreciation policy . .' The report was written by the Rev. William T. Hogan, S.J., and Frank T. Koelble of Ford ham's industrial eco nomics program. It analyzed the relationship of plant and equipment to employment op portunities. "Nearly one -third of our production plant and equip. ment is obsolete, they said. "Should the present depreci ation tax system be maintain ed, at least an additional $60 billion worth of plant and equipment will grow obsolete by 1970," they said. The economists added at least $96 billion was needed by industry at present for modernization. Capital for Expansion "These figures do not take into account the amount of capital that will be needed for expansion to provide the tools for an additional 13.8 million workers in the next 10 years. "The continuation of our de preciation policy could well create a serious unemploy ment problem in the face of rapid growth of our labor force and foreign competi tion," the report said. The authors of the report estimated that the labor force in 1970 will exceed 87 million. "Job opportunities must be created, and this can be ac complished in great part over the period in question by the modernization of obsolete plant and equipment which will provide a sound balanced basis for further Industrial ex pansion ... ' "Since present depreciation allowances force business to cling to outdated equipment which acts as a drag on tech nological progress, It Is clear that, if , they are allowed to continue, the choice of two economically unhealthy alter natives will become inevit able," they said. Would Accelerate Trand The alternatives: Either pro ductivity will have to be sac rificed to increase employ ment or employment will have to be sacrificed to in crease productivity. The economists said if pro ductivity was sacrificed, the inflationary trend will be ac celerated. If employment ia sacrificed, dislocations occur. Related to depreciation pol icy, according to Hogan and Koelble,- was the problem of automation and its effects on employment. They said their studies showed that where equipment was modernized to MEDFORD, OREGON, MONDAY, DECEMBER 19, 1960 Debris of Planes Being Studied To Learn Crash Cause New York -IUPII- The wreck age of two airliners that col lided and crashed Friday was being minutely examined to day by more than 100 federal and civil Investigators to learn the exact cause of the worst disaster in aviation history. Authorities also worked to establish if one of the two air liners had gone off course and whether flight control offi cials had been able to warn either pilot of the closeness of the two planes. Police still sifted the rubble for victims in the devastated Brooklyn neighborhood where a United Airlines DC8 jet plunged from snowy skies Into a church and a row of brown- stone homes carrying 84 to their deaths and killing others on the ground. Assemble Broken Parts Tile broken parts of both the DCS and the TWA four- engined Super Constellation which apparently collided high over New York City, were taken to a hangar at La Guardia Field where mock assembly of the liners will be studied. All 44 aboard the Constellation, which crashed on Staten Island, died. Investigators have confirm ed that the two planes, both heading for New York, ap peered to be closing towards each other on a radar screen, There also was some Indica tion that attempts may have been made to warn one or both of the pilots, but investi gators said it was too early to draw such conclusions, "The cause of the crash will be nailed down with consider able precision," according to Thomas Finney, administra tive assistant to. Sen. A. S. Mike Monroney, (D Okla.), who heads the Senate sub committee on aviation. He made the statement after it was reported that a steel drum on which was etched a record of the DC8's move ments had been recovered and found to be undamaged. As yet, the record has not been fully processed. automation, employment ac tually increased In - the long run, and at worst there were only temporary dislocations in the short run. She never receives enough "Better than Gold" the finest 60 gauge, 1 5 denier hoie - ; . . . U Pointe's pride and joy I ' Perfect gift! Beautiful coming or going. Tuck in a ,box of her favorite Better than Cold hose beautifully ; gift wrapped. Wonderful to give . . . exciting to receive. Full fashioned dress shears, 60 gauoe, 15 denier, self seam ; dress sheers, 100 ; stretch, self seem Seamleti dress sheers, balanced stitch, reinforced heel and toe dress sheers, seamless - stretch, balanced stitch, ' 'v streak free, short, medium, " tall box of 3 pr. 1.95 box of 3 pr. 2.75 box of 3 pr. 2.75 box of 3 pr. 2.95 .W'T'$ WONDIRFUL STORI JT' U.S. To Continue Subversive Work, Defectors Assert Moscow (UPD Two Ameri can defectors, William Martin and Vernon Mitchell, former code clerks of the National Security Agency, charged to day that the United States will "continue to carry out subversive activities and in terference In the internal af fairs of other countries." Quoted in an interview with the official Tass news agency, the two who defected to the Soviet Union last summer said they expected the United States to continue and to en large its Intelligence activi ties. Martin disclosed that he had married a Russian girl since his defection. He called her wonderful Soviet girl and excellent housekeeper." He said he, his wife and Mitchell planned to devote themselves to "peaceful, scientific work." Dulles Fountainhead Martin said Allen Dulles' retention as chief of the Cen tral Intelligence agency was an indication that American espionage, activities would gp uu as usuhi, "Of course," he sal d "Dulles is -the fountainhead and organizer of all these ac tivities which have character ized U.S. aggressive foreign policy in recent years." Then he added that "the United States has begun a new program of espionage in em ploying spy satellites." Mitchell said "I don't be lieve that the United States intends to cease Its communi cations intelligence activities. "The information it gathers In this manner helps its for eign policy achieve its ends." The toll of death 'from the crash still was in doubt. The 128 aboard both planes all died and a number were killed on the ground. Police reduced the total to 134 Sun day night after a re-check of bodies in the morgue. At one point the toll had risen to 141, based on the discovery of mangled remains at the Brooklyn crash site, but it was reduced on further medi cal analysis. Only 56 of the plane dead and three of those who died on the ground have been posi tively identified. Munich Crash Victims Mourned Munich, Germany (UPD Americans and Germans join ed in mourning today for 49 persons who met flaming deaths when a U.S. Air Force plane hurtled into a streetcar in downtown Munich. There still was no official explanation of what caused the recently overhauled twin engined Convair C131, with experienced pilots in the cock pit, to crash. But among Germans there was no resentment over the fact that the plane belonged to a nation whose aircraft.had rained bombs on this and oth er German cities in World War II. - Express Sympathy They expressed heartfelt sympathy for the relatives of the 20 Americans in the plane. They gave thanks for quick expressions o f condolence from President Eisenhower down to local U.S. military commanders for the 29 Ger mans killed. Another 16 Ger mans were injured, 9 critical ly. ' Mrs. Sophie Eurich, 68, a widowed Munich housewife, said she felt no bitterness de spite the fact her house was destroyed by wartime bomb ing. "I can't help but think of Stocks Mixed in Early Dealings New York - IUP1I - Stocks were mixed in first-hour deal ings today. Some steels showed frac tional improvement. Lukens Republic and Youngstown all tacked on around a half. Jones 4c Laughlin was off a point. Polaroid stood out with a gain of more than 2 in the cameras, Litton spurted around i in the electronics, Norfolk & Western nearly 1 in the rails and Minnesota Min ing more than 1 in its department. International Business Ma chines was among the losers, slipping more than a point along with Haveg and Stand ard Brands. Du Pont lost more than a half in the chemicals. the parents who waited for their children for the Christ mas holidays," she said. Twelve of the victims aboard the plane were U. S. students who lived in Munich. They were en route to Eng land to join their parents. One passenger was a soldier who hitched a ride and the other seven were crewmen. Eighteen of the German vic tims were passengers in the trolley car. The others were passcrsby struck by wreckage or doused by flaming gaso line. U. S. Air Force officers joined Munich city officials in preparations for a public me morial service Tuesday. All Mayor Hans-Jochen Vogel Munich traffic will halt for decreed a ban on music and, one minute in mourning. dancing until Christmas. Memo to Santa . . . She'll love you when you brine her a La Bonna gift lettar. She'll adore you when she', w.aring her LA BONNA ORIGINAL. These truly exclusive creations (suits dresse. eoars) are ailored-ro-flr, in the fashion and fabric of her awn choosing. Easy on your Christmas budget, too . . . small deposit; balance when her selection is dolivered, any time after January 15th. M. She'll never guest you were a last-minute shopper! Phone SP 2-4205 or SP 2-4218 oooooo o o ESTABLISHCD 18967 pTcjQly wiggly. GREEN .STAMPSj O o OPEN EVERY DAY UNTIL 9 P.M. Governor's Island Bridge Ruled Out Olympta, Wash. - (UPD - The state cannot build a bridge on Governor s Island near Van couver, Wash., because it is less than 10 miles from the existing Vancouver-Portland Interstate bridge, Attorney General John J. O'Connell said today. O Connell said state law prohibits construction of a bridge within 10 miles from a toll bridge unless all bond holders agreed or unless all bonds had been redeemed. The proposed bridge would be built across the Columbia river by Clark county, Mult nomah county. Ore., and the Port of Camas Washougal, Wash. State Sen. Al Henry, White Salmon, requested the opinion. Fuel Cell Research Reaches New High Washincton-tScience Serv ice -.Interest in use of fuel cells has reached a new high with more than 50 laborato ries doing work on the prob lem, Sidney J. Magram of the Army research office, Wash ington, said at the American Institute of ' Chemical Engi neers meeting recently. Fuel cells convert chemical energy into electrical energy as the fuel is burned in con tact with the electrodes, which are separated by a suitable electrolyte. Hydrogen is the best fuel and either oxygen or air can be used as the oxidizing agent. Industry Can Use Nuclear Reactors Washington-tScience Serv ice) - Nuclear reactors Involv ing dangerously radioactive fuels can be safely operated with standard equipment nor mally used in the petroleum industry, a three-year test has shown. . The Organic Moderated Re actor experiment, or OMRE. N. J. Swanson, Atomics In ternational, Idaho Falls, Ida ho, reported to the American Institute of Chemical Engi neers here showed that it is now feasible to operate organic-moderated and cooled pow er reactors with standard ma terials of 'construction and equipment commonplace to the petroleum industries. The maintenance of equip ment requires only the use of conventional tools and me chanics of .normal skills and abilities. Give a Gift for the Home Solid Maple GOVERNOR BRADFORD ROCKER $4450 Convenient Terms 1 MU 5"8771 'US' gap & gn.iKE Hv M ARSH M AL-0-C REM E Pennant ' Large Jar for 1 00 o o ESTABLISHED 1896 GREEN LSTAMPSJ o o Libby's No. 303 Tin mm OLIVES MAYWOOD LARGE SIZE No. 1 TALL TINS for O O ESTABLISHED 18 f 3 GREEN LSTAMPSJ o o Large 2!2-lb. Pkg. 1SQUI0K -1 00 1 It. U.S. No. 2 Klamath Gem POTATOES 1 0'& 3 ESTABLISHED 1896 TURKEYS r557i Nobe, Gr,de A -rag 4W gfisj i.ib,, lia7 it,. 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