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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (July 26, 1962)
. iimj" ..iwt'Mom w mm. wiinni uwi.i in HUj i.i vmntm m mm IMtMtowktotMitKvartl riiiiwif ... ' iiiiitnii n nmni CONGRATULATIONS - Pat Boone gets a Cnorry 8, following a successful opening congratulation hiss from his wife, Shirley, night at the Sahara hotel in Las Vegas, Nev. and three daughters, Laury, 4; Debby, 5, and (UPI) Ex-Iranian Premier Apparently Made Enemies in Losing Battle By United Press Intarnalional Dr. All Amini, who quit as Iranian premier this month with a blast at U.S. aid poll' cics, apparently made too many enemies in his losing battle to wipe out corruption and inefficiency in Iran. Arhini's ambitious program, ranging from tax reforms to redistribution of land to peas ants, drew bitter attacks from both right and left. The cx-premlor battled back. He fought the despotic landowners, the army, the out lawed Tuden (Communist par ty) and the left-wing nation alist followers of former Pre mier Mohammed Mossadegh. He apparently even antago nized Shah Mohammed Rcza Pahlevi himself. At the same time Amlnl, a former ambassador to Wash ington who was considered pro-American, came under near constant fire of Moscow Radio because of his pro-Western policies. ', , "Dr. Amlnl never had a chance," one Iranian source Only Small Part of Insurance Dollars In Common Stocks New York - IUP1I - Any one of the nearly 120 million Americans who had life insur ance with legal reserve com panies and who had any Inter est in the stock market may have pondered recently how much of his insurance dollar was also In the market. The latest available break down, for 11)61, shows that It was a small portion indeed. Latest 'addition of the Life Insurance Fact Book, pub lished here by the Institute of Life Insurance, said that life companies generally are precluded by law or by their investment practices from putting more than a small part of their funds into com mon stocks. With assets of U.S. life in surance companies of $120. 816.000,000 in 1001. the "small part" represented a preferred and common stock investment in that year total ing $6,258,000,000. In Its re cent stockholders' census, the New York Stock Exchange put the value of the 14 4 bil lion shares In the nation's pub licly held corporations at $531 billion, or 85 times the insur ance companies' investment. The common and preferred stock Investment of the life Insurance companies r e p r e sented 4 9 per cent of all life Youngster Drowns In Lake Lytle Rockaway - IWD - Ten-year-old Jack Dale Dunn drowned In Lake Lytle here Tuesday afternoon and his 11-year-old brolher, Dennis, narrowly es caped the same fate in a vain rescue attempt. The Tillamook rountv sher iff's office said Jack fell off a dock Into the lake. Dennis and Virgil Dunn, IS. found a raft and tried to go to the aid of their brother. However, the sheriff s of fice said Dennis fell oft the raft and was pulled to safety by an unidentified motorist. The motorist apparently did not realize that Jack also was In the lake. Divers found Jack's body shortly afterward, hut efforts to revive him failed. THURSDAY. JULY 28. 1962 said. "The only thing he could have done to set the country straight was to shoot every body in power and then start with a clean slate." See It as Gam There was some specula tion, however, that Amini's dramatic resignation may have been part of a desperate game aiming for stronger support. According to his line of thought he may have hoped that by creating a crisis he could convince the United Stales and the Shah that he was the only man capable of running the country and solv ing Its problems. On Thursday the Shah, in what some regarded as a temporizing move, appointed a close friend of Amini, 43- year-old Assadolah Alam. as premier-designate to succeed him, Amlnl came Into power in May, 1001, promising re forms to end monumental cor ruption and pledging support for the West. He was vigorous Insurance assets, although at the end of 1961 the holdings were higher than for any previous year. More than $4.2 billion, or 67 per cent, of the 1061 total was In common stocks, and more than $2 bil lion, or 33 per cent, was in preferred stock. During the year, life insur ance companies acquired $018 million in stocks and sold $477 million worth. Almost two thirds of the acquisitions were of common stocks, and about four-fifths of the stocks sold were common issues. Nearly 48 per cent of the assets of the life insurance companies at the end of Hlfil were in bonds ol various types. The remainder ol the assets, besides stock, were divided as 34.9 per cent mortgages; 4.5 per cent policy loans, 4 5 per cent miscellaneous assets, 3.2 per cent in real estate. isP!? WvtJ-V-"- I I HOUSE UT''" ' i fc PA!NT WITNESSES - Diehard E. Turnrr. nithl. Dallas. Texas, an InvestiBalor in the Dallas subottue of the Agriculture Mar keting Service, and Dunald Cnniphcll. left, an Agriculture Department attorney, are shown as Ihcy appeared before Ihe House Government Operation subcommittee in Wash ington. The group us pushing further Inlo the business deal ings nf Texns (iiuincirr Rilla (! t'rs.'.trttru'rly h'rntn Itordgp operatluiV vVtt and quick of step, and his puckish grin gave confidence to many who had doubted anything could be done with the ancient kingdom. Hits at U.S. He resigned Wednesday complaining of broken health and lashing at the United States. He charged the United States had undermined his position by cutting down military aid to Iran, a coun try that has a common border with Russia for more than 1,000 miles. At this point, it appears that Amini resigned because he found too many people against him and not enough with him. His term in office also undoubtedly taught him that the most drastic measures are needed to pull Iran out of its lethargy. Amini took over from Dr. Sharif Emami, whose govern ment fell because of blatant election frauds, 1 with a mas sive reform program. Amini put into effect a land redistribution plan, immedi ately alienating the rich land owners. He had the Shah dissolve the Majlis (parliament) and this set off in full fury the na tionalist elements which rally around the name of former Premier Mossadegh. The Tu deh party, working under ground and from bases in Russia and Communist East Germany, joined the nation alists. Demand Elections They protested the suspen sion of the Majlis and Amini's failure to hold elections. The Western-educated lawyer and economist said no elections would be held until a new election law, which would make it impossible to cheat, was drafted. He held firm on this point. His fall hurls the West. Iran Is a key member of the Central Treaty Organization. Its ancient enemy - Russia -is poised on the other side of a long border, growing strong er by the month. Government trolible in Iran means a general dislocation in in the Western defense pos ture in the Middle East. Pro longation of the crisis in Iran would serve the purposes of the Soviet Union. v." - V Railroads By JESSE BOGUE UPI Financial Editor New York UPI- Railroad ing is an expanding business? Yes, says Wayne M. Hoff man, 39, executive vice presi dent of the New York Central railroad; but it is a challenge to managements to make it so, and there have been and will be breaks with the past in the process. "Our object is to grow," Hoffman said in an interview here. "We can do this. "There's a changed concept at the Central and other well run railroads. Chief execu tives are insisting on manag ers who arc strictly discon tented with ways of doing things that don't seem to work." New Blood At the Central, Hoffman said, Alfred E. Perlman has brought in a number of men who are "not strictly railroad people" because perlman "sets a premium on drive and imagination." "He believes railroading is a young man's job; a man has to be on the job all the time . . . he has said he likes to 'bring-.people in before they harden'." m m ww r: 'miiiiiHiiri'iliiilutiii: Li i.1 Housn ONE-COAT a m -r 1 i fLa 1 H r VVALL ''' M if m r ' iORsroncH PAINT MEDFORD MAIL TIUBUI.E. MEDFOflD. OREGON Co'jld Expand With Pcrlmftn became president of tne New York Central in lfo4. Hoffman was brought 'to the Central .shortly tht.ro 1 after, berarne vice president j inr sales and then executive 1 vice preMdent. i He has far-reaching ideas on the job of management. ; Its osence, he said, is to be able to foresee what is going ! to happen and to make .the correct decisions in the light j of what they know. ' Driving Executive . Hoffman's pertormancc at ; Central and the ideas he ad- vances in tne business of run f nine a railroad are pretty good examples of the ae'ions of a young man with drive and imagination. Tali, Chicago-born Hoff 1 man is a veU;ran of World War II and a puh.i-v.ar jirad j uate of the University of II I linois and its law .school, fie worked in the legal depart ! mcnt of the Illinois Central Railroad in Chicago before coming to New York Central. "Running a property like the Xew York Central is not merely a matter of running tthe railroad, although that is ; the most important part of I the job by far," ho said. "We i .1 r i J I I - t i li p f pain1 flcc. & ror.cu r:3!5Ts wc', r.:rj. 5.93 High lies finish! U-. in dooi& or out. Co!o.s. I t , 1 il ' i.i-. (' :..:.J Iso have such thiiiK real c-:ate investments, ho tels, coal nropertics. ' J ' u t railroading i!.ulf is an art whkh requires experience and training. Laying out a modern railroad operation is still the chief job. Modern Meihocs '"There is a modern way of doing things-like he intro duction of automatic equip ment, automatic bookkeeping, order processing, traffic con trol. Wc snend S2 million a year in rental of ADP (auto mate data processing equip ment), m use in one of the most advanced systems for automatic control and opera tion. I can't say from my own knowledge that we are the b'f'st, but we certainly are not following anyone else in the use of ADP. "You hear a lot of people comparing the job of running an airline ana of running a railroad, particularly in pas senger movement. "But compared to railroad ing, running an airline is com paratively simple.'' He talked briefly about the eimimu'er operation in the New York City area, where the Central is En integral part '-tL'ii'.'bS'-l M save 6.2i n i ,i , Best linseed-oil base, high titanium content-guaranteed . GALLON t0 last as long, hide as well and go as far as the finest na L...J n M rr - A T i.j il Vi.: W Hrjr , -zc.,y.7 GALLON 1 i v . V L F- t ;1 '.D cryowr r.cncy New Farsighted Management of the job of bringing thou sands of persons into and out Doctors Await Abortion Advice ! Phoenix, Ariz.-d'PD-A team oi surgeons are awaiting legal advice on a proposed abortion for a Phoenix woman whose expected child could be deformed by a harmful drug she had taken. I Arimm l , ,1. .1 a felony, but permits such op-1 : crations in cases where the the approval of directors and I mental or physical health of stockholders of both railroads, ; the mother is in danger. jand hearings are scheduled to ! A committee of doctors on'onen next month before the the hospital staff where the 1 operation would be performed recommended terminating the ; : pregnancy on .the basis of; medical evidence. i The doctors' recommenda - jtion was based on medical ; evidence that a drug the worn- an had taken, thalidomide, can cause deformities of chil i dren. She took a tranquilizer J containing the substance dur ! ing the early weeks of her ; pregnancy considered by I medical authorities as the I most dangerous time. BiimLJiiMliliH;i,Bffiiikiiitffiiii!iiiwim SEIF-GLEAG SUPER-WHITE-RESISTS FAOK! REG. 5.79 GAL. high hiding power; durable resists Mildew and fading self-cleaning, bright white tionally-advertised linseed-oil base paint on the market today ! SME 54 Gfl CASE 1-COAT SUPER jyST 1 COAT EVEN COVERS BLACK! JI98 mm U dry. so-V2 hour saves time, Covers better than many higher priced paints! Easy to brush or roll on, leaves no lap marks when dry; room is livable the same day. Stays bright and fresh, even after scrubbing. Wash tools in soap and water.' '. C5VSn;UL UTEX 3.23 CSL A.a per gal. P&irl any room, Ul(! it the ht? di- ' D' Pi in ";-hr.; ie.r-on no Up i--U, no odor. Wa'iL? e when dry. In a vapc'v cf co!ors. NO MONEY DVVKk mk ft "Qh of the city each day. I "We do everything an air- I line does in the people-carry-1 ing operation and do it many times a day," Hoffman said. "The very job of bringing trains in and nut of Grand Central (the NYC main pas senger terminal in New York City) is a miracle and a split second timing operation, par ticularly during the rush commuter hours." Hoffman turned to the pro posed merger of the New York Central and the Penn- sylvania railroads. This has Interstate Commerce Commis- j sion in Washington, -The essence of the merger is. the greater utilization of .'plant and facilities," Hoff- ' man said. VThe two railroads" have had two plants operating in some areas side by side. It (the merger) will eliminate duplication of terminal facili ties, for example." Consult Employees . Before any changed oper ating plan would go into ef fect, he said, "we plan to con- ' suit with communities, with Finest linseed oil and pigments extra high hiding power; mildew and fume resistant; long-wearing. Self-cleaning white, fade-resistant colors. GALLON work pi- - - : 4 vnun 1 nm 1 l BARN 8 A MAKCH PAINT customers and with employ ees. The employees h a v 8 every right to know, and wa want them to know, what wa are about." The two railroads combined have reduced payrolls by 110,000 persons in the past 10 years, an average of 11. 000 a year. In the merger, Hoffman said, about another 7,000 to 8,000 would be dis. placed, and "they would be protected by compensation and other means." "We could make a strong case that the employees would be a lot better off with the merger, with a healthy, strong railroad, than with either going on the way it has,' ".From the employees' stand point, he went on, "the easiest-business to run is an ex panding one. It is much more difficult when it is shrinking. . "Railroading is an expand ing business. But it must be efficient." Portland-iUPIi- Richard Ben jamin Schwensen, 26, has been sentenced to die in cir cuit court here for the death of Jean Rosaria Bussey, 29, last Sept. 17. 117 S. Central 773-7301 Open Friday 'Til 9 1-COAT 3 49 Gallon j No-l(d - safe for livestock buildings, fences. Renews, preserves wood and me'ali resists mildew, fumes and fading. Red. if V e o a
