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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'."
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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
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dooi& or out. Co!o.s.
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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
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'.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.
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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
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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.
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