MEDFORD MAIL TRIBUNE. MEDFORD, OREGON
WEDNESDAY. DECEMBER 26. 1912
A 7
The Family Council
Cdlior'i nnte: The Family Council itoDinti of Judge.
pnscblatrtu, three clergymen, three edlture and a wmnrn'l editor.
Kacb artirle If luminary of a family disagreement presented to the
Council. The Council deals with problcmi, major and minor,
encountered by guidance counielora and surial workers, fcdlted by
by Mrs. Alma Denny tCopyrlgbl br enr-J Features Corp.)
Freda R. There's a way
I can keep my baby.
Mri. I. R. She must give
It up and live right.
Freda R. I'm 16 and preg
nant. The boy is 22, a medi
cal student. Never mind the
details. We went too far last
summer.
My parents have it all work
ed out for me to go to a home,
have the baby at an out-of-town
institution and offer it
for adoption. They say I'm tuo
young to get married, and
anyway I'd never be able to
marry this particular boy.
He's engaged to someone else
already.
But one of my old boy
friends wants to marry me.
He's 18 and he knows the
whole story. He says he'll pre
tend it's his baby and no one
need be the wiser. He's a
sweet fellow. I can be happy
with him and the baby. But
my parents won't hear of it.
Mrs. I. R. As if things
aren't bad enough, here this
Sir Galahad turns up on the
scene. Sure, at 18 he wants
to be the savior. But how?
He's a school kid who has
never earned a dime. From
what I see all he can do is
The Twist. Financially he's
worse than a zero. He'd be an
added expense for us, along
with Freda and the baby
No. I have a cousin in Can
ada. I can arrange for Freda
to stay there until this is all
over. We can say she's away
at school. Then in her ab
sence we'll try to move to a
new neighborhood. When she
returns we'll be able to start
life anew.
Her marriage to this boy
would make things much
worse.
The Council: Although a
reader will surely cite an Ex
ception, we agree with Mrs.
R. that an 18-year-old "legit
imatizer" may introduce more
problems than he solves.
His having no job at the
moment is the least consider
ation. He can start earning,
tomorrow - doing something.
Determined to be Freda's sa
vior, he'll find ways to make
money. But when the neroic
daze wears off, then what? At
18 he dashes up dramatically
to play hero. At 28, how will
he be treating that child? And
how often will he use The
Big Favor he did as a club
to get his way?
Freda has erred once. Her
mistake is costly in agony and
heartbreak. But, thanks to hu
mane agencies, it is still rem
ediable. The course she sug
gests would complicate the
lives of many besides herself,
through a meaningless shot
gun wedding. Right now ev
eryone's thinking is a bit hys
terical. The Council endorses
Mrs. R.'s solution, however.
It bids fair to give the baby
a square deal.
Through the back door, so
to speak, Freda has a chance
to set her whole life to rights.
We hope that she can come
under the wing of an organi
zation like the Youth Consul
tation Service of the Episco
pal Diocese of N Y. Besides
overseeing the confinement
and adoption p:v:cdures, this
agency explores the sick rela
tionship between the pregnant
teenager and her parents.
Most of these irls are ne
glected, or at least feel ne
glected and unloved at home.
Shelters may be found
through the Salvation Army
Social Welfare Dent., and the
Family Service Association,
which works closely with pri
vate and religious family aid
facilities.
Simple as Freda's plan
sounds now, she'd live to re
gret it many times. And the
child would have to live un
der a cloud, always threat
ened with a cloudburst. Bet
ter to give "it," herself and
her family a fighting chance
by seeking organized "help
for unwed mothers."
TO VISIT ENGLAND
Bonn - IliPU - West German
Foreign Minister Gerhard
Schroeder will go to England
next month to discuss Brit
ain's proposed entry into the
European Common Market
with British Prime Minister
Harold Macmillan, it was an
nounced here. The announce
ment said Schroeder will meet
the prime minister Jan. 7 at
Macmillan's country estate,
Chequers.
L.I.J
Your Money's
Worth
By SYLVIA PORTER
Copyright, Hall Syndicate, Inc.
PROGRESS REPORT ON STOCK MARKET PROBE
A wall of silence has descended over the government's
year-long probe of the stock markets no public hearings, no
public reports, no public statements, nothing.
Does this mean that the Securities & Exchange Commis
sion's investigators have not uncovered sufficient abuses or
loopholes to justify asking the next Congress for new powers
to police the securities business or new laws to protect the
investor? Does it mean that the SEC is satisfied with the self
regulation job the stock exchanges, the over-the-counter
markets and mutual funds are doing?
To put the answer in the blunt words of Llwellyn P.
Young, the SEC's regional administrator on the "firing line"
in New York:
"Hell, no!"
The SEC is still studying the answers to the exhaustive
questionnaires with which it has badgered men and women
in the securities business throughout 1962. It is is still taking
testimony under oath behind closed doors.
It is working on its report to Congress which was
originallv due Jan. 3 and which is now scheduled for April 3.
There is no doubt that the SEC report will urge tighter
regulation of the slock exchange! and the over-the-counter
markets. There is no doubt that it will propose new stand
ards for the operation of mutual fundi and the selling of
mutual fund shares to the public. There it no doubt that
it will call on the securities business to slep up its self
policing. II is highly probable that it will ask for new laws
to regulate the over-the-counter markets.
The current investigation was kicked off in early 1961
when a scandal involoving a father and son team specialists on
on the American Stock Exchange broke wide open and re
vealed the need for drastic reforms on this major exchange.
In September 1361 the President signed a law authorizing
a broad study of all the securities markets. In November
1061 the study began. It has continued (at a cost of almost
$1 million) without interruption since.
What might be in the SEC's report? Despite the wall of
silence, these points come through:
(1) The report will criticize some of the ways mutual
funds now operate, will censure the use of part-time and in
experienced salesmen, will denounce high-pressure sales tac
tics, will warn the industry to police itself or risk having
the SEC do the policing.
SEC chairman William L. Cary flashed a signal of what
is to come in a speech a few weeks ago before the Invest
ment Bankers Assn. The mutual fund industry, he said,
is one "in which self-regulation has much room for growth
. . . Governmental action is called for when there it
void, but the SEC it lincerely anxiout lhal any vacuum
be filled by industry policing . . ." The message it plain.
i2) It probably will recommend a new law to require
companies with stocks traded in the over-the-counter markets
to make full disclosure of their financial condition at reg
ular intervals a law long urged by the New York Stock
Exchange. Of about 25.000 companies with shares traded
todav, only about 2.200 are listed on any exchange and thus
come under the disclosure provisions of the 1034 securities
act. Young Indicated what is likely when, in an interview,
i, - , j "i h u.'ir irira to adoDt a law requiring
full disclosure on over-the-counter securities. The present
law doesn't require companies whose stock is traded over-the-counter
to issue any financial statement after the initial
registration.
,n i. o.l ci.ffor nnlicine of the exchanges too.
chiding the New York Stock Exchange. Again Young I words
are a forecast. "There arc some areas where the exchange
can function effectively and other areas where it cannot
will nut function. If the exchange ooesn i move, me acv, win
go ahead and iake action."
There :.re no suns that the report will request spectacular
retornij. But stiffcr regulation and controls both by the
government and by the securities industry itself are on
tiie way.
"v. yrsr tin
f 1890
& LOAN ASSOCIATION
an old name with young ideas,
to open office in Medford
Equitable Savings and Loan Association, which for three
generations has helped many residents of the Rogue River
Valley achieve financial security, soon will bring all its
savings and loan services to Medford. An Equitable office
will open January 3 at 513 Medford Shopping Center.
This will become the 19th Equitable office in the Pacific
Northwest. Since 1890, Equitable has chalked up an un
rivaled record of safety and progress. Today it is the largest
savings and loan association with home office in Oregon,
and it continues to grow.
At Equitable you have a choice of tuo great ways to save.
Open Savings pay 4 per cent current rate and Automatic
PayOff Savings pay per cent current rate at maturity if
you qualify.
Tor safety plus top earnings, isn't Equitable the place
where you should be saving? .
EET THE MEN WHO MANAGE YOUR MONEY. . . EQUITABLE'S MANAGEMENT COMMITTEE V
M
is. m ,.i..i o i.n.i.nr- mmwMMmvmm mmm ' -rym , , m "'-jm"'1'1 11 " I F " ' I ""VJ'" 1
W ' hi v, -V i A L I ; J t , ft 'Mi f- A
"As $Z ry 1 tj-s4i ;7S-tA rtf j
mmfmmtmemmmmitmsmtmmam 1
RALPH H. CAKE
Prtiidcnl
40 ytr with Iquitablt
HAROLD H. CAKE
Extculivt Vic-Pflidtnl
16 ytari with Equilabl
A. V. LINDGREN
Sacrtlary
34 ytart with EquitabU
HUGH E. ROSSON
Vka-Fraiidtnt
20 ytari with Equitablt
CHRISTOPHER C. KRAIG
Vi(Priid.nl
42 yean with Equitable
E. A. LEHMAN
Treaiurer
H years with Equitable
MALCOLM B. FRYKMAN
VIce-FreiWeat
IS years with laultable
These seven men have a total of 183 years experience with dividends, consistent with safety. Each of these men is
Equitable, an average of over 26 years each. They are re- thoroughly familiar with all phases of financing, and has a
sponsible for seeing that your savings are invested for top sound, conservative approach to investments.
JIM METZ
Savingi Ceunielor
lOUIN WATSON
Mtdferd Branch Mgr.
ElOISE Ettior
Teller
MAKIIYN j. HART
Teller
aJtitater Meet Equitable's staff at th Medford office. Open January 3. Three days of fun, priiM
MEDFORD OFFICE su medford shopping center
and gifts January 3, 4, S. Drop in and say hello.
BRANCH MANAGERS
WAITER EAK CHARLES BEIL RALPH HANSON JACK TODD ftUL STEELE C. B. BOUN DAN MILIAR IORNE RICHMAH
ItntJ Ciat iy ufina Ntwatrl Rattaurf Salim Sfrnffifl Th DallH
w : jfel W li JPv w r S & m
OERr KERICR WARREN MYERS j, C. MUtVEHIll JOHN ISTIt
""a SpeaiM I,. Tiilna
WAltY HARDINO DON RARVIN
RrMfl4 Perllinf
(Cut n,m) (iment run)
EQUITABLE BUILDING
Hm Offict: Rfrtland, Oragon
FRED KINO, JR.
rltintf
(Lmaft;-jftfltr)
BOB SAROINT
'A
mm
DOUO SMITH
rlUfit)
(Mtnlana'-tillwaai')
Ycwr fundi inturad to
$10,000 by tha Fadaral
Savingi and Loan Iniuranc
Crporatitn, an agancy af
tha fadtnl govtfnmant.
V. 17
SAVINGS
& LOAN ASSOCIATION
19 OFFICES IN OREGON AND WASHINGTON