Assets of Medford Families Increase, Report Indicates
New York Residents of
Medford have been adding to
their wealth in recent years.
As of 1960, the wealth (net
worth) of the Medford popula
tion amounted to no less than
$38,655,000 it is estimated,
based on latest economic stud
ies. '
Included in this total is the
currently value of all their
worldly possessions - house,
car, savings, everything-over
and above their debts.
Directly Proportioned ? .'
While the figure, admitted
ly, is not a precise one, it
flows from national data pre
sented by such agencies as the
National Industrial Confer
ence Board and the Federal
Reserve System, adjusted to
date.
The broad picture of per
sonal wealth shows that, for
any particular family, it is di
rectly proportional to its earn
ings over the years. The more
it made the more it was able
to acquire, in the way of pos
sessions, and the more it was
able to put into savings
In Medford, where average
incomes have been on the rise
over the years, even allowing
for inflation and for the occa
sional setbacks caused by re-
White City Veterans
Observe Library Week
White City "For a richer program came Friday when
fuller life read" was the
word at the Veterans Admin
istration Domiciliary last
week as observance of Nation
al Library Week featured li
brary activities, according to
Manager Henry C. Herzog.
Final hour of the week's
VETERANS
IF YOU HAVE APPLIED FOR A
G ! LOAN
BE SURE TO GET YOUR TITLE
k i REPORTS FROM THE ...
TITLE 0,
YOUR LOCALLY OWNED TITLE COMPANY
121 East Sixth Street Phone SP 3-4551
TITLE INSURANCE ESCROWS
Jackson County Oldest and Most Reliable
Title Company
Established 1885 ; :'
Herzog awarded prizes to the
winning essayists who entered
the contest -r- "I Like My Li
brary Because ."
David Boos won first; sec
ond was Edward L. Robinson,
and third was Kenneth Cook.
Honorable mention awards
went to Richard Smits, Mi
chael Dillon, Stanley Keen,
Charles Reynolds and Robert
Logan. More than 40 entrees
were judged by Mr. Paul,
Frank. J. Glortning and Cath
erine Ford.
Program Starts Monday
The week's program started
Monday with a travel talk, il
lustrated with color pictures,
of Canada, the Yukon country
and the Alaskan highway by
Mrs. Ted Flury, Eagle Point,
under the auspices of the Am
erican Red Cross.
Tuesday W. Verne Athanas,
Ashland a u t h o r of Western
historical novels, addressed
the Readers and Writers club,
directed by Chief librarian
Enid A. Holmes, and told of
his experiences' as a writer.
He also autographed his well
worn book from the domicil
iary library, "Rogue Valley."
Some 438 members and
guests attended an "open
house" in the library, and
were served refreshments by
ladies of the American Red
Cross and American Legion
auxiliary Wednesday.
Visit Libraries
The Ashland public library
and the Southern Oregon col
lege library received a party
of domiciliary members on
visits Thursday afternoon. A
welcome to inspect and visit
the Medford library was ac
cepted by the members later
in the afternoon.
The domiciliary library is
used by close to 500 members
every day. Its 5,800 books pro
vide a great variety of enter
tainment, research and educa
tional pursuits for the disabled
veterans, according to Miss
Holmes.
About 20 daily and weekly
papers, including the New
York Times, Chicago Tribune,
San Francisco Chronicle, Los
Angeles Times, Portland, Seat
tle, Spokane, Montana, Idaho,
Nevada and many Oregon pa
pers, are well "thumbed"
every day. In addition, there
are t about. -120... periodicals
which regularly are in the
magazine racks, Miss Holmes
said. .;;
cessions, the net worth of lo
cal families has been going
up correspondingly.
Make Up Assets
As of last year, the median
per-family wealth in the city
was an estimated $4,295 on
the basis o f average annual
earnings. Half the families
had more than this and the
other half had less.
' Making up the median fam-
I '
s.
SLAIN San Leandro, Calif.,
policeman Fred Haller, 31,
above, was found shot to
death in his car Thursday. In
vestigating officers said they
found several expended car
tridges nearby. Haller, former
shortstop for the Oakland
Oaks, was found in his car
with the engine running and
the headlights burning.
(UPI Telephoto)
Mortgage Discharge
Must Be Recorded
: A record of a discharge of
a chattel mortgage must be
made within 20 days after
payment or satisfaction of a
chattel mortgage, County
Clerk E. M. Madden said Friday.-
This complies with Oregon
state law, Madden pointed
out. "Chattels have been pil
ing up and the lien against
a property still appears in our
records, although it may have
been cleared," the county
clerk said. "The banks al
ready discharge chattels a s
soon as they are satisfied." ,
"We also request at the
same time that return addres
ses be supplied on all chattel
mortgages in order that the
recording officer may deliver
the original mortgage to the
mortgagor, or his personal
representative. This require
ment is covered in state law,"
Madden said.
"We are asking that all
owners of chattel mortgages
cooperate with us in this ef
fort1, to check the growth of
the files of undischarged chat
tels," the county olerk ex
plained. . '
Montgo
Trade
mery s
m
Big
enf
CONTINUES
THIS WEEK!
OPEN
TODAY
1 to 6 p.m.
We Pay You to Buy.1
Yes, we'll pay you $50 Trade-in allowance on your present WASHER
DRYER REFRIGERATOR FREEZER or RANGE, regardleu of
condition or age on any NEW NORGE or KELVINATOR.
PRICES ALREADY CUT on many of these items before this event.
IF YOU HAVE NO TRADE-IN, we will give you a
10 DISCOUNT on any purchase
No Cash Down
That's Right NOTHING DOWN. Your pres
ent Daveno, Dinette, Range, Refrigerator or
what have you will make a Substantial Down
Payment as shown on this page.
FOR EXAMPLE: If you have an Electric Range
you will be allowed $50 for it on a New Range '
regardless of age or condition of your pres
' ent range. j
This event is subject to stock on hand only
so hurry. "
FOR FAST DELIVERY
BRING TRUCK OR TRAILER
Your Trade-in will make
a substantial Down Payment
ALL SALES FINAL
Supply Is Limited
So Shop Early for Choice!
We Will Deliver and Pickup FREE!
We Will Give You the
Following Allowances:
$50
$
Trade-in for your present
Dinette on any New
DINETTE SET
25
50
Trade-in for your present
- Daveno or Sofa on a New
DAVENO or SOFA
Trade-in on your present
Stereo Console Record Player
on a New STEREO
and Many, Many Other
Comparable Allowances
T
M
n
OF ASHLAND--MU 2-4351
'You'll Find U Easy to Deal With'
MTSfiE
164D Hiway 66-Ashland, Ore.
Talent Trucker's
Permit Revoked
Salem - Failure to exercise
operating rights and to furnish
service for a period exceeding
six months resulted in the
revocation last week of a per
mit held by Neil N. Stocke
brand, Talent, according to an
anouncement by the state pub
lic utility commissioner.
Stockebrand's permit auth
orized the transportation of
farm and orchard products as
well as livestock and farm ma
chinery within 50 road miles
of Talent.
Stockebrand did not contest
the revocation.
ily's assets were its cash In
the bank, money invested in
savings bonds and other se
curities, the market value of
its car and its home, furni
ture, appliances, Jewelry and
all other saleable goods and
property.
From that were subtracted
the amounts owed in install
ment debt, on bank loans and
the like.
Not included in these as
sets were the additional hold
ings of farm families, whose
net worth is much higher than
that of town dwellers. The
value of their acreage, live
stock and farm equipment
must be taken into account.
The national wealth of the
United States, including government-owned
property,
which was placed at $1,448
billion in 1956, is now esti
mated at more than $1,800
billion. Structures of all sorts
farm, non-farm and public
represent nearly half the
total. , '
232 Complaints Made
To Deputies in March
A total of 232 complaints
were made to the Jackson
county sheriff's office during
March, according to Sgt. Sol
Blumcnfeld, i d e n tification
and records sergeant.
A total of 129 complaints
were closed, with 41 com
plaints cleared during March.
Sixty-seven complaints are
pending.
'The 232 complaints com
pares to 219 for February,
and 190 for March the pre
vious year," Blumenfeld re
ported. The Jackson county sher
iff's office has recovered
about one-fourth of the prop
erty lost through crime for
the month. Blumenfeld noted
that $1,303.99 worth of prop
erly was recovered and $4,
152.91 lost through crime.
Filled Jo Capacity ' '
The jail filled to capacity
in March with 73 persons
lodged. Other than criminal
Medford
Tribune
arrests, the sheriff's office
made 12 traffic srresls and
warnings, served 287 civil pa
pers, and performed 11 pub
lic services.
Burglary headed the list of
felony complaints for March
with 16 listed. Larceny fol
lowed with 12 complaints, ag
gravated assault, 1; auto theft,
2; fictitious checks, 2; and
forgery, 1.
Eleven cases of petty lar
ceny led the number of mis
demeanor complaints for the
month with malicious mis
chief and disorderly conduct
ranking second with nine
cases each.
SPECIAL DIVIDEND ; .
Washington -(UPD-President '
Kennedy announced Friday
the government would pay a
snprial insnrnnpo rtlulrionrl tn
lormer servicemen this sum- :
mer to help spur the economy. ,
AWNINGS
Aluminum & Canvas .
"... Free Estimates .'
LAWN FURNITURE
S&H Green Stamps
Burk'si;
314
East Main
2-4472
SECTION D
MEDFORD, O.
W, SUNDAY, APRIL 23, 1961
PAGES 1 to 8
Patronize This PARK & SHOP MEMBER
DON'T FORGET TO
USE PARK & SHOP
WHEN YOU STOP
AT . .
TROWBRIDGE & FLYNIi
214 W. Main
SP 3-6241
DOWN TOWN MEDFORD
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