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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Aug. 5, 1962)
Tj V 1 A pot of gold isn't always at the end of a rainbow it may be hidden in your attic or basement, collecting dust and lucrative interest i Yuu can bathe or swim wearing Tanipax. Tanipax helps you slay your own sweel self. 5 UakniaaaMMll ill You feel so cool, so clean, so fresh wilh Tanipax! With internal pro- S lection, you aren't aware you're 5 wearing Tanipax .' S I The Tanipax wat is tlicdaiiily.fem inine way. Why add to your prob lems on problem days'.' Use Tanipax for poise, for security, for freedom! TAMPAX&s ARE YOU absolutely sure that those shares of United Pieceworks left you by cranky Cousin Agatha are worthless? And how about the old family tradition that Uncle Abraham had thousands of dollars worth of bonds which the Government used to finance the Louisiana Purchase? Have you ever found out what happened to them? It's entirely possible you're worth a lot mure than you imagine simply because you or a relative committed a financial oversight somewhere along the line! Oddly enough, people have a way of letting valuable assets slip through their fingers. Right this minute, there are literally billions of dollars worth of stocks, bonds, and other valuables IV- frozen as "abandoned property" until they are rightfully claimed. Take the case of the Chicago, Rock Island, and Pacific Railroad. It has about $000,000 worth of cash and stock waiting for unknown creditors to step for ward and prove their right to the booty. But time is short! The court has ruled that if claimants don't file bids on this hoard by Aug. 17, the rail road may keep it. In this example of a forgotten fortune, er rant investors have failed to exchange old bonds for new securities issued when the railroad was reorganized 15 years ago. Such corporate changes com monly leave careless investors in the lurch. Probably the highest-priced piece of paper in America is stock certificate No. 3!)0 of Texas Pacific Land Trust. Sold in 1888 through a now-defunct brokerage firm, it's worth about $1,500,000 to the person who can prove light ful ownership! Half that stately sum may be yours if you can help Bryant L. McOormack establish his claim. A 55-year-old railroad telegrapher and bachelor living in Arcadia, Mo., McCormack says the gilt-edged certificate was originally purchased by a relative named Uewitt Clinton McCor mack in July, 1888. Trouble is that the records of the brokerage house, Blake Bros., seem to have been lost, including the con firmation of sale on "Old 300." This is why McCormack is willing to split the treasure with anyone who can lo cate the missing sales slip and thereby confirm his right to the windfall. Under the ancient legal principle called escheat, and various abandoned-property laws, such lost fortunes eventually may be taken over by state treasuries. ?$?$?$?$?$?$?$?$?$?$?$?$?$? DO YOU HAVE A FORGOTTEN FORTUNE? ?$?$?$?$?$?$?$?$?$?$?$?$?$? By JERRY KLEIN Uncle Sam also has benefited from this "easy-go" atti tude with an estimated S5-billion windfall in the form of bank accounts, safe-deposit vaults, bonds, dividends, wages, income-tax refunds, insurance payments, and various other valuables his nephews and nieces seem ingly have forgotten! Included are Government securities which have gone unredeemed since they were issued to finance such early adventures in American history as the Louisiana Pur chase and the War of 1812. More recently, citizens have failed to cash in about $350 million worth of U.S. Saving Bonds, and when New York State made a survey of 1,697 brokerage firms, 134 said they were holding thousands of dollars in dividends which the stockholders had neg lected to claim. Of course, there al ways have been suspi cious souls who mis trusted banks, prefer ring to deposit their assets in such out-of-the-way places as mat tresses, tea canisters, and shoe boxes or who buried treasure in their back yards. And some of these troves have been forgotten as the years passed. Just recently in Pleas antville, Iowa, for in stance, crocks contain ing more than $1,000 in gold coins were acci dentally discovered by a man hoeing his garden. It turned out that the gold had been buried there and appar ently forgotten by an eccentric who owned the property about 75 years before. The theatrical world has a standing joke about Katha rine Cornell's inability to recall just what bank main tains her checking account, and Jimmy Durante also has a reputation for forgetting to deposit checks he has re ceived. He drops them absent-mindedly around the house. Urged by the bank to "clean house" one time, Jimmy found more than $20,000 which he had overlooked! Like Jimmy Durante, you, too, could possess a forgotten fortune. For as Montaigne, the 16th-century French writer, observed : "Taking it all in all, it is more trouble to watch over money than to get it!" How to Check Your Securities To protect stockholders against loss, the U.S. Securities and Exchange Commission publishes reports on securities which must be exchanged before a certain deadline because of corporate reorganizations. Dozens of such securities are listed in the current nationwide report, which may be ob tained by writing the Securities and Exchange Commission at 225 Broadway, New York 7, N.Y. COVER: John Engstead photographs I'at Boone with daughters Lauru. Cherry, Lindy, Deb by in back-to-school finery. See more fashions, p. 10. WooJcly August 5. 1962 Published Biweekly During the Summer LEONARD S. OAVIDOW fromml and rMithrr WAITER C. OREYFUS Vie, frrunVitl PATRICK t. OROURKE .til.-, rfi.ino Dirtrtor MORTON FRANK Dirrrliir of fublMrr 7fW.il.ui Sr-nd all adortiiing communication! to Family Wttklv 133 N. Michigan Avo.. Chicago 1, III. Addrcu all communication! about editorial feature! to Family Weekly. 60 E. 3olh St.. N.w Totk 22. N. T. Boord of Editor! ERNEST V. HEYN Eifilor-in-fkir BEN KARTMAN Kreemtive Kilt' ROBERT FITZGIBBON Managing Wilr MARGARET BEll Feature ri'difor PHIUIP DYKSTRA ,1 rt Pirrrti.r MEIANIE DE PROFT Food Kilto' Roiolyn Abr.yayo, Ardon Eidtll, John Mochmonn, Ho) landon. Jack Ryan; Poof J. Opponhoimof. Hollyot T 1H. FAMIIY WEEKIY MAOAZINE. INC., 153 N. Michigan A.... Chicago I. III. All right. r,l.
