Medford mail tribune. (Medford, Or.) 1909-1989, March 21, 1963, Image 15

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    - MEDFORD MAIL TRIBUNE, MEDFORD. OREGON THURSDAY. MARCH 21. 1963 g J
Air Force Academy Eases Some of Its Rigid Discipline To Keep Students
9 RriPTTOMUTTeAW
United Press International
5 Colorado Springs, Colo.-flJPD
The U.S. Air Force academy,
laced with a drop-out rate of
nearly one in three cadets its
tint four years, has eased
erne of its rigid discipline
and begun to offer a wider
variety of. academic courses to
challenge students.
; But the major test is yet to
eome as each succeeding class
completes four years of active
duty and the men decide
whether to go on to a mili
tary career.
The present senior class,
who will receive bachelor of
science degrees and regular
Air Force commissions as sec
ond lieutenants in June, is the
- first to have spent all four
years at the present $166 mil-
' lion campus in the shadow of
: the rampant range in the
: mountains of central Color-
add. It was also the first full
sized class of 750 cadets.
: Three small classes of ap
proximately 300 each entered
, the academy during the first
three years of its existence
' and another class of 454 en-
tered in the summer of 1958.
After the full-sized classes be
gan entering in 1959 they
' brought the cadet wing to its
- full authorized strength of
2,512 in 1962.
. Counting on Man
v It is these men that the
Air Force is counting on to
' elect for careers and become
I the military leaders of the na-
tion. The general most direct
ly responsible for military
orientation of the cadets him
self resigned from the service
- this month. He is Brig. Gen.
William T. Seawell, com
mandant of cadets, who
leaves the military to take a
high-paying job in the avia
tion industry.
The Air Force spends an
estimated $12,000 a year per
cadet, a total of $28 million
annually to run the academy.
. The program is changed regu
larly to improve the invest
ment. At first, for example,
; enough time was spent on
" navigation training to award
graduates wings as aerial ob
servers along with their de-
- grees. Now only a limited fly-
- ing program is offered. The
academy does not have an air
field. There is an F100 jet
fighter on permanent display
near the cadet classroom
building to remind the two
million visitors a year to the
campus that the school is part
of the Air Force.
Graduates Go On
About 9 out of 10 graduates
go on to flying training, how
ever, and earn their wings
. with only half the -usual 30
per cent of wash outs."
Military training motiva
tion was revealed last summer
when 85 of the present cadets
gave up their leave to take
paratroop . training at Fort
Benning, Ga. All won jump
wings. One cadet was first in
the total class of 700 that
mostly was made up of Army
paratroopers.
Some of the military hazing
has been cut out. Freshmen,
or fourth classmen, still eat
at attention in the 2,600-seat
dining hall named after Gen.
Billy Mitchell, one of the first
advocates of an Air Force
academy. But the "doolies"
get to eat their 5,400 calories
a day without being constant
ly interrupted to recite sense
less essays.
Stems From Order
The nickname "Doolie"
stems from an 'order to "do it,
Willie" attributed originally
to an Air Force general who
had a distasteful assignment
to get done.
And cadets get to rate
every meal on suggestion
slips that go to T.Sgt.
Charles Edwards of Roches
ter. N.Y., dining hall super
visor. He says the favorite
food is hamburgers and the
Ammonia Gas Line
Break Kills One
Memphis, Tenn. - (UPD - "1
turned and saw it coming
through the door from the hall
cooler - a white living cloud
Roy Orman, 59, was the
first person to see the deadly
ammonia gas leaking into a
local meat plant Tuesday
lrom a broken refrigeration
line in a cooling room. One
man died.
Orman shouted for the 400
other employees to get out of
the plant. "It was a stam
pede," he said. "One whiff of
that knocks you down."
Orman himself didn't make
it out under his own power.
Firemen with gas masks drag
ged him and four other men
- overcome by the fumes from
the plant.
Francis Maben, 53, died
The others were hospitalized,
Orman and Lloyd Watkins,
31. in fair condition and Ev
erett Murray, 19, and Roy
Fisher. 43, in critical condi
tion.
- Plant Manager D. G. Koe
nig said the three-inch round
ammonia pipe probably was
broken when a worKman ac
cidentally pushed a small
fork-lift truck against It.
most hated in creamed beef
on toast.
In the classroom, almost
equal emphasis is placed on
the sciences and the humani
ties. To graduate, a cadet
must have 186 credits 143V
in academics and the rest in
military and athletics. Every
cadet must participate in a
rigorous program of sports.
While 68 credit hours are
requested in basic and applied
sciences, a program of accele
rated courses and credit for
previous work or training
allows most cadets room in
their crowded schedules to
take elective courses.
The "enrichment" program
was partly an answer to the
problem of resignations be
cause some cadets felt they
were not given a broad
enough education. Up to 30
per cent of the cadets were
dropping out because of aca
demic or military reasons, but
current projections are for an
elimination rate of about 18
per cent.
The faculty of all officers
lacks the educational depth of
older civilian schools. Only
Your Money's
Worth
By SYLVIA PORTER
Cepyrlaht, Hall Syas'lcate, Inc.
48 of the 340 teachers listed
in the academy catalog hold
thj PhD degree, although
most have a masters.
Brig. Gen. Robert F. Mc-
Dermott, dean of faculty, says
the cadet "receives a broad
liberal education and a good
knowledge of the sciences ap
plicable to his service."
Features Varsity Teams
The athletic program fea
tures varsity teams in 15 in
tercollegiate sports and a rug
ged intramural program of
competition in 14 sports be
tween the 24 squadrons.
Dates for cadets are plenti
ful, with Colorado Springs
nearby and Denver just 60
miles away for weekends.
At all times cadets must
abide by a basic honor code.
It is: "We will not lie, cheat,
or steal, nor tolerate among
us those who do."
A cadet is given every edu
cational opportunity small
classes of no more than 18,
the best training aids, re
quired study hours and indi
vidual Instruction if desired.
The "curve" of grading al
lows only 5 per cent failures,
according to one professor.
Summer Vacations
Two summer "vacations"
are spent in military training
and one with a trip overseas,
dubbed "couth and culture,"
where cadets get to practice
their foreign language.
Courses are offered in
French, German, Spanish,
Chinese and Russian. One ca
det, on a trip to Berlin, was
able to talk a Russian guard
out of his military hat.
The campus, on nearly 18,
000 acres of former ranch
land, is of modern architec
ture with liberal use of glass
windows in its aluminum
buildings. The commanding
structure is the chapel, with
its 17 spires rising to 150
feet. Subdivisions in the
chapel have 1,000 seats in the
Protestant nave, 500 in the
Catholic section and 100 in
the Jewish synagogue.
Eventually the academy
hopes to be able to grant ad
vanced degrees, although it
faces opposition from Penta
gon brass. Congress and other
schools. Enough credits are
now offered in the fields of
astronautics and international
affairs, however, that up to 50
cadets hope to earn a master's
degree in those fields after six
months of graduate study at
other schools.
And the academy also
hopes to build an air field,
because the only flying now
done at the school is by its
mascot falcons.
As one pilot-turned-lnstruc-tor
put it, "We are like a
naval base without a ship."
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GRADUATION PARADE A
color guard enters the parade
11
,! lyui
U.S. Air Force Academy
grounds in front of the
academy's buildings during graduation parade in June 6,
1961. Faced with a high drop-out rate in its first four
v i.
years, ine academy nas eased up in rigid discipline ana
begun to offer a wider variety of courses to challenge
students academically. (UPD .
HOW DOES A STOCK INVESTMENT COMPARE?
The most comprehensive study of stock prices in history
nearing completion at the University of Chicago's Center
for Research in Security Prices. When the initial results start
coming out in early May, you'll have the basis for finding
out for the first time ever:
(1) How much you might have earned a year on an invest
ment in any or all stocks listed on the New York mock
Exchange during a 35-year period from 1926 to 1960. A good
guess is that the rate of return you- could have earned on
stocks will turn out surprisingly high.
(2) How the rate of return you could have earned on stock
comnares with what you could have earned via other popular
mediums of investment - ranging from a savings bank deposit
to a mortgage. A good guess is that a common stock invest
ment will be revealed in an exceedingly favorable light.
(3) How much you could have gained or lost on a purchase
and sale of any or all of the NYSE listed stocks at various
key dates during this prolonged period. We have notning
even approaching adequate information on this.
(4) How valuable, if at all, are the familiar stock mar
ket forecasting techniques - such as the famous Dow
Theory. Wall Street pros have been arguing pro and con
on the familiar theories for years with no reliable evi
dence to decide the arguments one way or the other.
(51 Whether stock prices react to or signal in advance
major developments here or abroid. If a connection is shown
between stock price movements and events beyond the scope
of a technical theory, the forecasting techniques will De even
more suspect. Or if no connection is shown, it could be
vice versa.
(6) What effect the dividend rate a corporation pays on
its stock has on its stock price in contrast to what effect its
par-nines rate has on the stock price. This is of vital signifi
cance to corporations with outstanding stocks, but there has
been no worthwhile scientific attempt up to now to prove
the difference in effect. i
m How helpful or misleading are the stock price aver
ages on which so many rely to tell them what the stock
market is doing. There's plenty of argument about these aver
ages too, but no trustworthy evidence to settle the question.
(8) How good or bad an investment adviser's performance
has been over a period - another delicate question, to put it
mildly.
We never have had researcn lo gume us to answers 10
these crucial questions - and with the number of us wno
directly own stocks moving toward 20 million in the U.S.
alone, and with tens of minions oi otners inaireciiy invoivea
in stocks through the investments maae Dy meir pension
funds, insurance companies, etc., the need for tne data is
indisputable.
It was three years ago this month that Merrill Lynch,
Pierce, Fenner 8c Smith, Inc., the largest brokerage firm
in the world, made a first grant to the University of Chi
cago to establish a permanent center for independent,
basic research in securities which could settle such pro
vocative questions as I've pinpointed above. Since then,
dedicated researchers have been working around the
clock to gather the needed material under the direction
of University of Chicago professors J. H. Lorie and L.
Fisher.
Now the center has on computer tapes hundreds of thou
sands of stock quotations and calculations. As Lorie put it
in New York City yesterday, this study "deals with a uni
verse, not a cross-section" of stocks. Now, in the center's
laboratory is data covering a period including both booms
and depressions, both war and peace, so valid conclusions
can be reached on how an investor would have made out
in the worst and best of possible times. Now a huge and
constantly increasing volume of statistics will be available
to find out the answers to countless other questions affecting
the investing public.
The statistics to be released in May will represent only a
beginning, and I'll be back with an interpretation of them.
This report is to alert you to what is on its way - for the
imohcations of this research can be enormous to us, as in
vestors, to the tools we use to assist us in reaching sound
decisions and to the organizations and individuals who advise
us on and manage our investments.
They'll Do It Every Time By JimmyHatlo
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