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Flight o' Time
Medford and Jackson County
History from the files of Thi
Mall Tribune 10, 20, 30, 40
and 50 years ago.
10 YEARS AGO
Aoril 20. 1952 (Sunday)
A regular meeting of the
Oregon Liquor Control com
mission, first ever held here,
will convene tomorrow in the
Jackson county courthouse,
with Commissioner W. A.
Spangler, Klamath Falls, in
charge.
Circulation of petitions call
ing for a vote of Jackson
county residents on outlawing
of private "rainmaking" was
under way here today.
20 YEARS AGO
April 20, 12 (Monday)
Jackson county sheriff's of
fice finds stolen car minus
tires as rubber shortage starts
tn hrenme accute.
From Arthur Perry's "Ye
Smudae Pot" column: "April
weather continues to do con
siderable fooling and is not
making any May flowers.
30 YEARS AGO
Audi 20. 1932 (Wadnaaday)
State, county and city po
lice open investigation of pos
sible arson in quarter-minion
dollar fire which swept
through Medford packing
house district.
City building department
figures show 75 buildings val
ued about $150,000 construct
ed in Medford during March
and first two weeks o( April.
40 YEARS AGO
April 20, 1922 (Thursday)
. Two Grants Pass men kill
ed when passenger train hits
their car in downtown Med
ford accident.
Ashland officials state that
tourists paying 50 cents for
use of the city-owned camp
will receive free fuel and
shower baths.
50 YEARS AGO
April 20, 1912 (Friday)
.. Work starts on construction
of hydraulic brick plant at
coiner of luth and Kir sis.;
plant expected to employ 10
to 15 men.
United flairs refugees re
port wholesale massacre of
American citizens In Mexican
revolution; agitation for Unit
ed Stales entry in quelling re
volt increases.
VMiat's Your I.Q.?
Nina or ten correct Is superior;
sevon or eight is excellent; five at
tit is good.
1. Who was the last Altec
emperor ot Mexico?
2. Is Iran the same place
(S Iraq?
:t. Was the Gorditm knot
cut by Hercules, Alexander,
or Atlas?
4. Did Rip VanWinkle sleep
10 years, 15 years, or 20
years?
5. Is the obverse the front
or Ihe back of a coin?
6. Who was nicknamed
"The Great Profile "?
7. Is bourbon whisky dis
tilled form potaloes. rye. corn
or wheal?
ft. Does Ihe human heart
weigh about one ounce, ten
ounces or two pounds?
!). How many legs has a
ipider?
10. What method is provid
ed in the Constitution for re
moving from office federal
Judges guilty of misconduct?
Answorsi 1, Montosume, 2.
No. 3. Alexander the Great.
4. Twenty years, t. Frent. I.
John Barrymere. 7. Corn. I.
Ten ounces, I, Eight, 10, Impeachment,
r W5 PUILISHIIS
I k'SMal J
FRIDAY. APRIL 30. 1962
Benton and Jackson: Home Rule
Benton county, in common with Jackson coun
ty and a few others, will vote on a Home Rule
charter next month.
The Benton county charter proposal is in some
ways similar to the charter to be voted on here,
but in several significant ways it differs.
Its legislative and policy-setting body would
be. a County Council of seven members, three
from rural zones, two from the Corvallis area,
and two from the county-at-large. They would
serve without salary and elect their own chair
man for a one-year term.
TTHE county's administrative functions would
be vested in a Board of Commissioners of
three men. The present three-man county court
will become the board of commissioners if the
charter is approved. They would, at least for
the time being, continue to be elected.
The chairman of the board would be the
county's chief administrative officer. He and
the other commissioners would supervise the law
enforcement, finance,
works, assessment and taxation, and public healtn
departments.
All presently elected
tinued in office for two years, and tnen an
positions, except those of commissioners, would
become appointive.
IN THE 1964 election, L" the charter is approved,
another question vould be presented to the
voters: Should the board
missioners be continued,
placed by a single administrator to be appointed
by the County Council?
Thus it can be seen that the proposed changes
in Benton county are in some ways more far
reaching than those proposed here, and in some
ways less so.
Likewise, to observers of differing views,
some of the Benton county charter provisions are
superior to those proposed here, and some are
inferior. Which is which depends on viewpoint.
In many other respects, including a grant of
all governmental power", consistent with Oregon
law and the federal and state constitutions, the
two charters are similar.
f)NE of the things which the two charter pro
posals have in common is the fact that they
would bring government closer to the voters.
They would give the voters and their elected
representatives the powers now exercised by the
state legislature.
Thev would make government officials sub
servient to the wishes of
ing them to establish little
which are in many ways unresponsive to the
wishes of the voters.
And each of the charters here discussed
would, if adopted, be a step forward in demo
cratic procedures, and
cumbersome, outmoded
governments with which Oregon s counties are
now saddled. E.A.
The McKenzie Crest
If any lover of scenic
across the McKenzie Pass,
the most gorgeous and
Oregon.
The alpine and sub-alpine vegetation, the lit
tle lakes and meadows,
the magnificent towers
nearby lesser peaks, with their glaciers and snow
fields and rocky outcroppings these make it
outstanding and unique.
As a matter of fact, we've long felt that it
should become a National Park, where it could
be displayed and explained in a manner the
Forest bervice is not equipped to do. We have
seen Crater Lake, Rainier, Yellowstone, Lassen,
Yosemite, Sequoia, Grand Canyon, Bryce, Zion
and other National Parks. The McKenzie Crest
area is different from each, but the equal of
any, in its own way.
"TTIESE thoughts came to mind when we read
an editorial in the Bend Bulletin, mourning
that a new and faster cross-mountain route will
carry most of the traffic which now traverses
the McKenzie Pass.
The nearly completed, all-season highway is
routed across the Santiani Pass, then southwest
past Clear Lake and Belknap Springs, joining
the McKenzie route well below the point of its
greatest beauty.
The Bulletin says:
"Virtually by passed and lost to Oregon will be a
spectacularly scenic region, the McKenzie lava fields
with Its backdrop of the Three Sisters. It is a region
with history, as well as unique geology and grand
scenery "
We cannot join with the Bulletin in this
regret.
FIRST crossed the McKenzie in the days
""of the old wagon road, which was hacked
out of the living lava, and in those days only
thinly covered with a layer of gravel. Ever since
we have w atched, on occasional visits, as increas
ing visitor use has left its scars on the landscape.
The new route will, true enough, carrv many
folk around this heavenly spot. Rut it will leave
it less crowded, less congested, less littered and
defaced for those who will visit it because they
want to, not because it happens to be the shortest
highway route.
Let those in a hurrv use the better highway.
But also let those who love the high country con
tinue to cherish it and savor its beauties.
Too, we would like to see it cared for bv the
National Park Service.
public records, public
officials would be con
of three elected com
or should they be re
the people; not allow
empires of their own,
a step away from the
and unresponsive county
beauty has never driven
he has missed one of
spectacular parts of
the sprawling lava beds,
of the Three Sisters and
E.A.
Dennis the
' I
Tm teacm him not to be SEtFisH.AUftiARET Go AHAO
Communications
Letters to the Editor must bear the name and address of the writer,
although under certain circumstances the use of a pen name or initial
for publication is permissible. The Mail Tribune reserves the right to
edit all letters with a view ts clarification and condensation. Letters
submitted for publication must not exceed 400 words. The letters
printed in this column do not necessarily represent the views of the
paper; in fact the contrary is often the case. .
The Librarian
To the Editor:
She smiles at me, though she
is very bus. ;
To assure me that the tum
bling world will soon
wait a minute;
And she will attend to the
question thai I have:
Then her helpfulness proves
that her smile has no
guile in it.
Tom Graff,
108 East Main St.,
Medford.
U.S. Corporation
To the Editor: Nlw that Mr.
Kennedy has had his say
about the steel companies,
let's take a good look at Mr.
Kennedy's corporation. Mr.
Kennedy is the president of
the world's largest corpora
tion, the United States gov
ernment. His corporation it,
without a doubt, the most
debt ridden and lismanaged
corporation in the whole wide
world. Mr. Kennedy's corpo
ration has better than 160
million stockholders which
have been bled to death with
higher and higher taxes for
30 . ears. His corporation owes
more than 300 billion dollars,
an increase of 281 billion
since 1932. His corporation is
going into red ink at the rate
of 9 to 10 billions more every
year. How long can American
business stand up under these
conditions? If I were Mr. Ken
nedy and had my vorporation
in such a mess, I would spend
less time trying to run the
steel corporation and more
time trying to get my own
corporation in better shape.
If Mr. Kennedy likes de
funct corporations, he should
move to Oregon. We got 'em.
He could live in the midst of
flock of busted sawmills.
He could move to Colorado
and live in a ghost mining
town. If he doesn't like the
west, he can move into Ft.
Knox. It's being emptied by
foreign governments. They
are now scraping the bottom
of the barrel for any loose
gold. We are going to use
paper dollars worth 46c.
The unions heard it was go
ing to cost 25c more for an ice
box, so what do they want?
They are striking for a wage
increase of $300. T'..ey ain't
going to be left out in the
cold.
Now Mr. President, if 25c
is inflationary, then why isn't
a $300 wage increase infla
tionary? Let's be fair.
Everett Acklin,
Ashland, Ore.
Socialistic Measures
To Ihe Kditor: In a Idler
(o Ihe MMT 4-15-62, Mrs. A.
H. Schmechel slates, and I
quote. "Any one who knows
the meaning of Ihe word So
cialism knows that the Coun
ty Charter could not possihlv
bring about that type of gov
ernment." It is hard lo determine just
what type of government that
she refers to. Anyway, one
old enough to have "Mrs." on
Ihe front of her name, should
know that the county govern
ment is and always has been
run on a socialistic basis. The
cities, slates and federal gov
ernment are also socialistic.
Our school systems. Army and
Navy, all police forces and
postal system are socialistic.
Grand Coulee, Bonneville,
and Homer Dams, TVA and
many more power and recla
mation projecls are also so
cialistic. Southern Idaho
would still be desert covered
with sagebrush if it wasn't
for government ownership
We would be paying twice as
much for power. Our Social
Securlly is also socialistic sikI
we can't get along without it
Repeal Ihe SS law and we will
MEDFORD MAIL.
Menace
be in the middle of a revolu
tion in less than 60 days.
Mrs. Schmechel, I suggest
that you study the socialistic
measures that I have mention
ed here and ask yourself if
you would want to give up
or change any of them. You
are also going to either study
political issues or you will not
be able to cast an intelligent
ballot the next time you go
to the polls.
John R. Schumpf,
Route 1, Box 312,
Central Point, Ore.
Always Had Horn Rule
To the Editor: "Home Rule''
is a nice sounding title for
the County Charter, but I be-
lieve that such makes a false
impression, in that it implies
that we do not now have the
same but must accept the pro
posed charter to secure it. We
have had "home rule" from
the very Inception. Thus a
question is raised as to what
is the purpose of the proposed
County Charter.
At present the commission,
ers have powers to make rules
and regulations, make policy
and administer the county
business. It is without legis
strative authority except as
Is allowed by state statutes.
The charter would grant to
the commissioners "legisla
tive authority in matters of
county concern," but would
in fact remove from them the
administrative functions and
place that in the hands of ap
pointed persons. The charter
would reorganize the govern
ment and place responsibility
in one office, but fails to pro
vide any method of enforcing
that responsibility beyond
what we now have which is
recall petition.
The proposed charter pro
vides that for the county to
secure legislative authority,
the people must also give up
partisan form of elections,
give up their right to elect
all heads of offices and de
partments except that of
county commissioners, which
also is reduced in voting pow
er in that six commissioners
will be but token officers sup
porting but one full time com
missioner who will be the of
ficial head of government and
chairman of the board of com
missioners; and also, the peo
ple will lose the right of re
call to all other offices which
they now control due to the
fact that they wiet be appoint
ed and responsible only to the
board of commissioners; not
to the people.
For this the people are
asked to approve the charter
next May 18. We have every
confidence in the ability of
the people to think for them
selves. Our only concern is
that will the averase voter
study the proposed charter to
reach a decision, or will Ihey
accept at face value the pre
sentation of those wanting the
charter; or, will those who
are uninformed fail to vote,
leaving the issue up to those
that are promoting the char
ter? If this happens the people
may find themselves with an
instrument not wanted - but
alter having - hard to ,et rid
Ray O. DeMarri.
708 Wet Second st ,
Medford.
The Dilferenca
To the Editor: Congressman
Durno is trying to deliberate-
1.. I....J u ki:. ...u-. i
iiusn fiu me i,uuiu w nun ne
said, in his recent newsletter,
that the real reason the Na.
tional Dunes Seashore Park
is not being considered in
i'ongress is that it was deleted
at the While House level. The
Inference that the President of
the United Stales, acting on
his own initiative and by his
own decision, knocked out the
TRIBUNE, MEDFORD. OREGON
Nuclear Weaponry Makes Disarmament
Imperative, But Agreement Far Away
Br PHIL NCWSOM
UPI Foreign News Analyst
In world armament such i
balance exists that it is un
likely that any nation delib
erately would
touch off a
war. Yet that
very balance
Is a negative
force, the na
ture of which
was described
by United Na
tion S e c r e
tary G e neral
X
Newsom I n a n t. The
United States and Russia, he
said, "may not be able to
make the world behave as
they wish, but they have the
power to destroy it.
And with the prospect that
this destructive power may
be doubled by 1S66, there has
come the mounting fear of
a war by accident and the
pressing realization that a halt
to the arms race no longer is
a goal for the future but a
necessity for the present.
At the 17-nation disarma
ment conference in Geneva,
the United States and the So
viet Union have presented
their rival plans for world
disarmament.
On the surface they bear
many similarities
Both call for arms and
troop cuts under supervision
Both call for a halt to pro
duction of fissionable materi'
als for nuclear weapons.
Washington Report
By William
(c) United Feature Syndicate
DOLLARS AND CENTS
Washington-The chief in
terest in national politics has
suddenly and dramatically
J, turned from
tT3 umrlH rrisea tn
me n o m e 1 y
cents is-
At least the
beginnings of
a r e a 1 argu
ment between
President
White ivenneay ana
his hopeful GOP presidential
rivals for 1964 are now de
veloping. Yesterday, when foreign
policy dominated the nation's
concerns, there was in fact
no genuine interparty dispute
at all. The top Republican
possibilities for 1964, Richard
Nixon and Gov. Nelson Rocke
feller of New York, were of
fering no partisan challenge
here to Mr. Kennedy. This was
for the sound reason that es
sentially they were In agree
ment with him on such world
matters as the maintenance of
Western rights in Berlin and
the resumption of nuclear
testing.
NOW, however, and altogeth
er locirallv nr not. the at.
chance for Oregon to have a
valuable dunes seashore park,
is not being fair or honestly
portraying the facts of politi
cal life in Washington.
It is well known that any
federal proposal of this char
acter, which is opposed by the
Congressman from that dis
trict, does not have any
chance of being included in a
recommendation of the Presi
dent. It is a well known fact
that Dr. Durno has used his
influence as a member of the
House Interior Committee to
devote untiring opposition to
creation of the seashore dunes
park area near Florence.
Although not much is
known of the accomplish
ments of Dr. Durno, during
his two years representing the
Fourth District in Washing
ton, it is a well known fact
that he has succeeding in kill
ing. at least while he serves
in Congress, any chance of
seashore dunes park.
In another part of his let
ter, Congressman Durno bases
his main objection to the Na
tional Seashore Dunes Park
on the basis of confiscation of
400 private homes. He wrote,
"The basic difference between
the Neuberger proposal and
my own lies in the federal
agency involved, the cost and
the elimination or confisca
tion of 400 private homes in
the area."
May I say that, in my judg
ment, tnc basic difference be
tween the Neiihr.ro,- nl
and the Durno proposal lies
I in havinc a ithn
park of national status and
national significance, or hav
ing a forest servire recreation
area with some picnic tables
alongside the highway.
I would like to a.k Dr.
Durno if he would support
the Neuberger proposal with
the Morse Amendment which
would be to permit creation
of a national dunes park but
not permit the national park
service to have the power of
condemnation
Robert W. Slraub,
Stale Senator,
l.ane Coiiniy,
Eugene, Ore.
if.
Both would discard the
means of delivery of such
weapons.
And both call for an inter
national peace-keeping force.
But there the similarity
ends abruptly.
The Soviet Union refused
to permit verification of arms
retained. It also refused to
permit International inspec
tion of suspected nuclear test
sites and calls for an uncon
trolled moratorium on under
ground nuclear tests.
U.S. Ambassador Arthur H.
Dean curtly told the Russians
that the United States, having
been deceived once, does "not
have any confidence in So
viet pledge."
At Geneva, the eight so
called uncommitted nations
generally have shown them
selves more sympatheUc to
the Russian proposals than to
those advanced by the United
States and Britain.
With less to lose, they aee
less reason to insist upon an
iron-clad inspection system
and positive proof that nu
clear test and disarmament
pledges are being carried out.
Soviet insistence on veto
rights over inspection of sus
pected test sites and arms re
duction has led to two lines
of speculation.
One is that the Russians
genuinely fear espionage.
The other is that Russia ac
tually is not interested in call
ing off the arms race, and
S. Whitt
mosphere of world crisis is
lightening. Though there still
is no realistic prospect for
any early settlement on Ber
lin, there is the strong possi
bility of a relatively quiet
standoff there for the fore
seeable future.
This, an old-fashioned party
discussion is opening, in the
area of governmental budgets,
taxes and business incentives.
This is the central meaning
of Governor Rockefeller's new
effort to proclaim a funda
mental economic division with
President Kennedy. It was
particularly illustrated in a
recent speech in Detroit in
which Mr. Rockefeller agreed
that Mr. Kennedy has "arti
culated the proper (tax) ob
jectives," but suggested that
the president just didn't know
how to reach those objectives.
This, before an audience
of industrialists, was meant
to divide Republican sheep
from Democratic goats. Mr.
Rockefeller was saying that
the Republicans, and notably
himself, really understood bus
iness problems, whereas the
Democrats, and notably Mr
Kennedy, did not.
TTOW effective the approach
" may be is yet to be seen
Beyond all doubt, it could
have been highly effective had
the president listened to the
excited recommendations of
the left wing of his parly to
"get tough" with business,
through punitive legislation in
the wake of the episode with
steel.
Franklin Roosevelt or Har
ry Truman might well have
responded happily to such pro
posals. But Mr. Kennedy will
not. He intends to try to let
by-gones be by-gones - and
also to expand his attempts
to convince business that he
himself is far fram "anti-business."
The country therefore may
see an arresting duel between
two young men, each of great
inherited wealth and each
the personification of the
boons of the free enterprise
system, for the favor of the
national business community.
(The point that many Republi
cans would surely rather have
Mr. Nixon as their champion
in this debate is entirely valid.
The simple fact is, however,
that Governor Rockefeller has
far the bigger megaphone
from the mansion at Albany
than Mr. Nixon can have in
trying to reach the California
mansion it Sacramento.)
TJND
V Ro
ockefeller starts ahead,
For business generally is farltion, but the tyranny of a
fonder of Republicans - for , Castro is hardly an improve
good reasons, in some ways - ment on the tyranny of a Ba-
than of Democrats. Still, Mr.
Kennedy is usually a strong
fijiieher. Nor should it be
fortotten that he is. after all,
still the son of his father.
Ihe profoundly pro-business
Joseph F. Kennedy.
Business itself can take con-1 force" to the underprivileged i " -""
siderable comfort from the ! nations, it cannot come from ashington-lTF-The Coast
whole affair. When both sides pacts, alliances and military i nl Geodetic Survey has is
are trying to appeal to it. I aid; it can come only from i u'd 27 charts on the changes
nolhing too terrible can !iao-ou. deepest understanding of. caused in the East Coast
pen to business. And however the way in which "freedom" shoreline by the storm that
business may fear "Ihe profes- and "social justice'' m u a t hit the area in March,
sors" and the reform-ha;ipy work together. The world can-1 The agency said Thursday
liberals in Congress, neither not be free until the man - that the charts represented
set is running this particular starting with us - is put to- only the first stage of its re
railroad, in any way. settler properly. charting program.
merely seeks propaganda ad
vantage from renewed U.S.
nuclear testing.
If the Russians were sin
cere, it seems probable that
a first step could be taken in
troop reductions without great
risk to either side.
Without inspection no nu
In the Day's News
ly FRANK JENKINS
After two months of what
happening in Asia, it's
about time to get back to
what is happening in the
U.S.A. Sum. interesting
things have been going on.
The steel industry's wage-
price battle with Pre' 'dent
Kennedy, for instance.
WHAT of the steel ruckus?
What are its lessons?
One of its lessons is that
U.S. Steel's Mr. Blough is per
haps the world's worst public
relations practitioner.
ITE HAD an excellent case.
-'For four years, his com
pany had been absorbing in
creased labor costs without
an increase in steel prices. In
the last wage settlement-this
year's settlement, which was
engineered by President Ken
nedy - his company's labor
costs were upped ten cents an
hour in fringe benefits, al
though there was no direct
increase in hourly wages. U.S.
Steel had shrugged its shoul
ders and accepted the increase
Strictly
Personal
By Sydney J. Harris
e General Features Corp.
HEALTHY SOCIETY
MEANS HEALTHY MEN
Some years ago, I heard
touching true story about
father who tore a map of
the world out
of a magazine,
cut it into jig
saw pieces and
asked his lit
tle boy how
fast he could
r e a s s e mble
the map.
Within a
s t a r 1 1 ingly
Harris few minutes,
the boy had put the map to
gether correctly. "How did
you do it so quickly?" asked
his father.
"Oh, it was easy," replied
the boy. "On the other side
of the page there was a pic
ture of a man - and when
I put the man together right,
then the world was put to
gether right."
The deep wisdom that the
little boy spoke, in all inno
cence, is a lesson that still es
capes most of us. We imagine
that we can put the world
right by techniques and poli
cies, plans and projects, par
ties and procedures.
But if the "map" of the
man is out of kilter, then the
map of the world will remain
out of kilter. If his heart is in
the wrong place, or if his head
is buried in his arms, or if
his feet are turned backwards,
then the other side of the
page cannot be fitted together
properly.
Humanity has always been
reluctant to admit this fact,
although every great teacher
has made it the absolute basis
of his social commentary -Isaiah,
Jesus, Confucius and
Socrates. None of them be
lieved that society could be
rectified until the person was
what a person ought to be.
and not just a walking col
lection of appetites.
Indeed, the Communist her
esy is precisely this - the false
dogma that reversing the so
cial order will create a hap
pier human race, that subordi
nating the person to the collec
tivity will somehow transform
and ennoble human beings.
But it does not, and cannot,
work that way. Unless the
character of man undergoes
a profound moral and spirit
ual revolution, a social revo
lution merely substitutes one
evil for another - and often
a greater one.
We have just seen it vividly
happen in Cuba: the country
i desperately needed a revolu-
tista. And most of the un
derprivileged nations in the
world today face this same un
appetizing choice between cor
rupt reaction and Communist
despotism
If we are to offer a "third
clear agreement seems pos
sible.
For, as the United States
already has told U Thant, "nu
clear weapons are a necessary
deterrent to a potential ag
gressor who Is armed with
such weapons and openly
threatens the free world."
in order to get a settlement
that would avoid th damag
ing effects of a strike.
Mr. Blough was in a splen
did position to negotiate with
the President for a moderate
price increase with govern
ment backing. His case for
such a settlement was almost
fl-wless. He threw it away by
his hasty announcement of a
price increase ly U.S. Steel.
That made his case so bad
that his comrade in the steel
dilemma deserted him and an
nounced that they would
make NO price increases.
CO MUCH for Mr. Blough.
There was a strange quirk
in President Kennedy's think
ing. At his news conference
on the day following the an
nouncement of the price in
crease, the President, obvious
ly angry, said:
"These price boosts consti
tute a wholly unjustifiable
defiance of the public inter
est. The American people will
find it hard, as I do, to ac-
i.tF m ouuHuuii m wnich a
TINY HANDFUL of steel ex
ecutives whose pursuit r,l
PRIVATE power and profit
exceeds their sense of public
responsibility can show such
utter contempt for the inter,
ests of 185 million Ameri.
cans."
READING that, one fears
" that our President's think
ing hasn't caught up with
what is happening in the
U.S.A. There was a time
when Big Industry in Amer
ica was in the hands of a few
Big Shots. That was in an old
er day. There e now MORE
OWNERS of U.S. Steel than
employees of U.S. Steel.
What is true of U.S. Steel is
coming to be true of Big In
dustry in general. An indus
trial revolution is under way
in our country. As a result of
mis revolution, owners of
American industry are becom
ing more numerous than em
ployees of American industry.
QF THIS industrial revolu
v tion that is taking place,
Sylvia Porter, one of our bet
ter known writers on econom
ic subjects said in a recent ar
tide: "The number of Americans
owning stock shares of U.S.
public corporations has sky
rocketed mor than 2Vj times
over the total of only ten
years ago. When in the spring
of 1962 (meaning any day
now) the New York Stock
Exchange releases the results
of its fourth nationwide cen
sus of shareholders, an in
formed forecast is that it will
show the stock-owning popu
lation of our land at 16 MIL
LION PERSONS, or even
more. That compares with
only 6V? million when the
first stockholder census was
reported in 1952."
'THE 1962 World Almanac
reports that as of June 30,
1961 labor union membership
in the United States - includ
ing AFL-CIO unions and inde.
pendent unions - numbered
14.461,541.
Which is to say:
As of now, shareholders of
U.S. corporations OUTNUM
BER the members of labor
unions in the U.S. by more
than 1,500,000.
'THAT is an interesting state
ment. It has a 1 ighly inter
esting bearing on the problem
of wages and prices in U.S.
industry. It raise, this ques
tion: If prices and wages are
to be established by LAW,
who is to be favored bv the
lawmakers'
The OWNERS of industry
who may be more numerous?
Or the WORKRt in indus-try-who
may be less numer
ous? TT SUGGESTS something
1 else:
Already, in our economy,
the owners of industry and
the workers in industry are
coming to be one and the
same. It Isn't socialism. It is
PEOPLE'S CAPITALISM
It is something new in the
world.
Geodefe Survey
..,,-j T r i.