By Jimmy Hatlo
Medford
Tribune
Puzzle Picture
TheyH Do It Every Time
HI-V L I
MERE WE SEE
FATHER AND SON. ' W
QUESTION'" WHAT
DOES POP DO TO
EARN A LIVING ?
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Medicinal Value 0( Small Herb Is Studied at College
Corvallls-The first studi-s
on possible medicinal value
of a common small herb,
Galium triflorum or fragrant
bedstraw, have been com
pleted by the first doctor's de
gree graduate in pharmacy
from Oregon State college.
The analysis by Robert P.
Knott indicates that the plant
has sdme limited promise for
use in reducing blood pres
sure. An extract of the dried
. plant produced a drop in the
blood pressure of dogs used as
test subjects.
A related species of the
herb has been found capable
of lowering blood pressure in
animals, but Knott's work is
the first comprehensive study
made with fragrant bedstraw
which is found throughout
the Northwest and many oth
er sections of the country. He
did the work as the thesis for
his doctor's degree in pharma
ceutical chemistry.
Fragrant 'bedstraw is most
commonly found from May
through . October in moist
shady woods from near sea
level to moderate elevations
in the mountains. An Oregon
physician suggested a study
be made of the plant after
hearing claims of its medici
nal value from an individual
who had used it in a tea.
. Additional studies of the
plant constituents will be re
quired before the final value
of the plant for any medicinal
use could be assessed, Knott
said.
Knott completed require
ments for the doctor's degree
last summer and is now on
the school of pharmacy staff.
He will receive his Ph.D. de
gree at June graduation.
The graduate student pro
gram in the OSU school of
pharmacy is being steadily
expanded. Six students are
now working for master's or
doctor's degrees in the areas
of pharmacy, pharmaceutical
chemistry, pharmacology, or
pharmacognosy.
SECTION B
MEDFORD, OREGON, MONDAY, APRIL 17, 1961
PAGES 1 to 8
Travelers Cheque Idea Growing
In Popularity; Started in 1891
Bechtold
By HENRY J. BECHTOLD
UPI Financial Editor
New York -UPD-The travel
ers cheque is celebrating its
70th birthday this year and
is growing
s t r o n ger in
popularity all
the time.
Conceived at
first in 1891
as merely
a convenience
to the rela
tively small
number of
A m e r 1 cans
traveline to Europe by steam
ship, the travelers cheque al
most immediately was found
usuable as international cur
rency. The American Express Co.
began advertising it as such
and that is what is has be
come. It is distributed by
more than 30,000 banks
throughout the world, and to
date more than a billion
cheques have been put in cir
culation. Currently, several million
dollars worth of transactions
take place daily through the
medium of this unusual form
of money. This is in sharp
contrast with the first year's
volume of $9,120.
American Express has dou
bled its annual issuance of
cheques to the public in the
past nine years, and company
indicate a redoubling of this
volume in the 1960s.
Forecasts are that more
than 2.5 million Americans
will travel overseas this year,
and that they will carry these
cheques on two out' of three
trips.
At the same time more than
80 million Americans will tra
vel on vacations and business
within the United States and
carry the cheques on one out
of five trips.
Travel, however, is not the
sole explanation of the che
que's growth, according to
American Express which sup
plies about 70 per cent of the
domestic demand for dollar
cheques.
It said the cheques have
shown a versatility that has
opened the door to many new
uses. People moving to new
homes now are able to use
them in payment to the mov
ers, and parents use them in
remittance to their children
at college.
At closings in home purch
ases, on business trips, and
as household: emergency
funds, the peculiar safety fea
tures of the cheques are at
tracting consumers and creat
ing new markets.
The company noted that
through a world-wide security
system its cheque holders are
protected against loss, theft
or carelessness. Refunds are
made on the spot, and are
officials say consumer trends made immediately when nec
essary to protect a person
away from home against, be
ing stranded. As many as 5,
000 persons a month claim
such refunds.
The idea for the travelers
cheque was born when J. C.
Fargo, of Wells-Fargo fame
and third president of Ameri
can Express, returned from a
trip to Europe irritated by
the inconvenience in cashing
his letters of credit.
Figuring that other travel
ers must have had even great
er difficulties than he exper
ienced, he instructed an aide,
M. F. Berry, to do something
about It.
The problem was to create
a piece of negotiable paper
as acceptable as currency but
safe-guarded against loss. Ber
ry's solution was ingenious
and simple the double sig
nature idea.
PUC Denies Request
For Bus Rate Hike
Salem - Public Utility Com
missioner Jonel C. Hill Friday
denied an application by West
ern Greyhound Lines division
of the Greyhound corporation
for an increase of 10 per cent
in intrastate passenger fares.
Hill said exhibits and evi
dence presented at public
hearings failed to support
claims that constantly increas
ing costs of operation in the
face of declining traffic justi
fied the Increase requested,
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