Medford mail tribune. (Medford, Or.) 1909-1989, March 28, 1963, Image 3

Historic Oregon Newspapers

Medford mail tribune., March 28, 1963, Image 3

Image provided by: University of Oregon Libraries; Eugene, OR

About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (March 28, 1963)

Prev Page of 34 Next Prev Issue Next Text PDF JP2 (2.8 MB) Clip/Print Image

Return to Top

Prev Page of 34 Next Prev Issue Next

Newspaper Page TextV MEDFORD MAIL TRIBUNE, MEDFORD. OREGON THURSDAY. MARCH 28. 1983 ' Iinllatt.i Your Money's Worth By SYLVIA PORTER Copyright, Hall Syndicate, Inc. Better Than Twiddling Thumb Exercise Turns Up Story On Wittiest Man in Washington SPRING RITE ANNUAL MEETINGS This Monday, April 1, will mark the start of a rapidly changing spring rite in our country-the annual stockholders' meeting of U.S. corporations. In April and May alone, the estimate is 200,000 of you. and possibly twice as many, will attend the meetings of corporations in which you own one share or more of stock. On April 30 alone, peak day of the spring rite, 275 companies will hold meetings. These annual meetings are your forum as a stockholder: here you can exercise not only your vote but also your vocal cords. Today, the annual meeting is switching from the silly circus it was becoming a few years back when corporations attracted stockholders with jamborees, lavish gifts, free lunches. (American Teleohone pulled in a record 20,000 share holders to its mammoth Chicago meeting in 1961 by offering box lunches, outpullcd even the opening of the baseball season. Having learned most came only to eat the free lunch, It has now discontinued the offering.) As one company execu tive put it in an interview. "We're getting serious stock holders asking serious questions and getting serious answers from management. Meetings are becoming more informative for all concerned. Corporate democracy is becoming more and more real." Today, too, more and mora top corporations art seek ing out thtir stockholders by moving the location of their " mattings around tha country and art honestly trying to davalop a genuine two-way communication. This year, - for Instance. Standard Oil (N.J.) will for tht first lima i hold Its matting in Houston, where it has a big concen--, tration of stockholders. Gtntral Mills, ptrhaps tht most - stockholdtr-conscious company in tht U.S.. goes far bt- yond this. Its 1962 mteting was in Camdan. N.J.. with a ttltphont hookup to six other citits wntra timuiia .' ntout mttlings wart htld and at which tha company's txtcutivtt wtrt distribultd to answtr qutstions. More than 4,000 attended. ' A clear illustration of the change in management's atti tude is Olin Mathieson. Its 1961 meeting in the remote out post of Saltville, Va., drew a grand total of one stockholder. ' This year, its meeting in New Brunswick, N.J., is expected to draw hundreds. Today also, more and more stockholders are actively Mi-tirinatine nn their own in their companies' business. A full 80 per cent of General Electric's stockholders vote their proxies now instead of throwing them away; the total was 65 per cent a decade ago. In the words of an official of a ia'nt Wall Street firm which distributes 2,000,000 proxies year for 5,000 corporations, "Stockholders are more aware of their voting rights. They're studying the issues, voting Independently, not just rubber-stamping their proxies." What will bt the major thamts dominating this ytar't . mattings? In tht stetl industry, the story bthind 1962's . dividend cuts and what's being dont to tast tha profit ; squttit. U.S. Stetl is bracing for a rtcord turnout at its May S meeting in Hoboktn. N.J. In tht auto industry tht outlook it for continued high salts. Tht replies of auto extcutives will bt optimistic. In- addition, a survey of top corporation managements Indicates the themes will be: what efforts are being made to bolster profits via cost-cutting techniques; the extent to which the new tax incentives are spurring corporation invest ments in new plants and equipment; the problems and prom n Hnlns husiness abroad, particularly in the Common Market area since President de Gaulle's veto of Britain's ..w .n4 hit oynressed antagonism toward increased U.S. investments in France; management's views about tax reduc tion and what it might mean to proms. . As one of America's millions of stockholders, you have distinct rights and obligations when you attend an annual m Tn ho it Informed as nossible before you go. At least read the annual report, which must, by law, be in your hands 15 days before the meeting is neia. tv TV, ask serious Questions of interest not only to your self but also to other stockholders and to submit constructive criticism of management if you nave a legiiuimus hup. (3) To vote your proxy - your prime right as a stock, holder - on the basis of your own independent judgment. By DICK WEST Washington lUPu The rest of my body may not be any thing that the Kennedy admin istration would endorse, but I do have well conditio n e d thumbs. I keep them in shape by thumbing through mag azines, which is a more stim ulating exer cise than twid dling and is weit more socially acceptable than thumbing the nose. As I was giving my thumbs a workout one evening recent ly, my attention was gaffed by the title of an article in the magazine I was warming up on. "Tht wittitst man in Washington," it said, and I naturally paustd thtrt to stt upon whom tht accoladt had bttn btttowtd. Some what to my turprist, tht re cipient turned out to bt Postmaster Gtntral J. Ed ward Day. If anyone had polled me on the question, I would have voted for Internal Revenue Commissioner Mortimer M. Caplin, who at this time of year can hand you a laugh a minute. As a sample of the post master general's wittincss, the magazine cited a remark Day made one night when a strong breeze was playing hob nob with feminine hairdos at some kind of function. Day said he wished he had the comb concession. That is truly a witticism, all right, and I guess it proves that Day deserves the "witti est man" title. I doubt that even Caplin could top that. At any rate, tht articlt aroustd more than my us ual amount of inttrest in tht letlimony taken this year by tht Houst subcom mittee on post oifict appro priations. The transcript of the hear ings was released today and I eagerly leafed through a copy to see if I could find any more of Day's witticisms. At the same time, of course, my thumbs got a good limber ing up. 1 will have to say that I was disappointed, although I real ly don't blame Day for not wasting his witticisms on the subcommittee, which probably wouldn't have appreciated them anyway, But if he was short on witticisms Day certainly was long on abbreviations, which art short for tht pro grams he hat instituted at tht Post Oflict Dtpartmtnt, Among others he mentioned NIMS (Nationwide Improved Mail Service), A BCD (Accel erated Business Collection De livery), VMD (Vertical Mail Delivery), WMS (Work Meas urement System), POMSIP (Post Office Management and Service Improvement Pro gram) and ZIP (Zone Improve ment Plan). I never knew before that we were getting all of that for a five-cent stamp. So what do you want for a nickel - JB (Jack Benny)? BROADCASTS INCREASE Washington - lUPD - Russia greatly increased its overseas radio broadcasts during 1962, according to the U.S. Infor mation agency. The agency told Congress Wednesday So viet broadcasts to the near East and Africa increased from 73 'j hours to 112 hours a week, to the Far East from 117, to 180 hours, and to Latin America from 45j to 101 1 i hours. GLASSES ON CREDIT! aWtC Crttn Stamps COLUMBIAN OPTICAL CO. MEDFORD SHOPPING CENTER 2 I Working Wives Spend Earnings Toward Job Washington tUPI) About 40 per cent of the gross earn ings of a group of working wives in Ohio was spent on job-related expenses a recent V. S. department of agricul ture survey indicated. BILL PROTECTS CATS Sacramento, Calif. - (UPII Democratic Sen. Ronald Cam eron introduced a bill in the : legislature Wednesday that would make it a misdemeanor to abandon a cat. He said it would not apply to cats that left home voluntarily. IN TRAILWAYS LUXURY r k y CANADIAN HOLIDAY 11-Day Escorted Tour "Set the Magnificent Splendor of Canada" Banff . . . Lake Louise . . . Columbia Ice Fields . . . Jasper Park . . . Glacier National Park . . , Lake Chelan. Tours start July. II, Aujust 7, 25 As low as $25 I I0. i 28 DAY ESCORTED LUXURY BUS TOUR Cruise inside passage Bus by Boat 4r ML McKinKy Manorial Park! at Rid the narrowgaugt rail road through Whita Pass Skagway to Whitehors As low as J679. ALASKA TOURS START JUNE 28, JULY 3, 17, 24, AUGUST 1, 7 FROM POKILANU mother Escorted Tours !iNEW ENGLAND SEPTEMBER HOLIDAY 32-Day Escorted Tour "Month of the flaming Leaves" Trans-Canada Hiarmay . . . Great Lakes . . . Niasara Falls . . . Montreal . . . Old Quebec . . . Maine . . . Boston . . . New York City . . . Nation's Capital ...Shenandoah Skyline Dliil... Black Hills . . . Mt, Rushmore. Tours start daily September 18 throujh 29. As low as $U9. TRAILWAYS travel bureau corp. 910 1.W. lalnee. remain- 4, Ort.-Call U s-1277, CA MMl Call ELEANOR POYTHRESS 773-1853 CERTIFIED VALUES! HERE IS THE BIGGEST SPRING SALE OFFERED BY ANY STORE IN THE VALLEY . . . 3 BIG SALE DAYS . . . THURSDAY, FRIDAY AND SATURDAY. Shop Thursday and Friday Evenings 'Til 9 P.M. SILHOUETTES IN WOOL SPRING FRESH PASTELS ALL EXCEPTIONAL VALUES AT THIS LOW PRE-SEASON PRICE SENSATIONAL DRESS SPECIAL 4J' FASHIONABLE NEW SPRING ' DRESSES JUST FOR YOU YOUR Reg. 9.99 and up! CHARGE - On Sean Revolving Charge AMAZING REDUCTIONS STYLES: Slim sheaths, casual shirr waists, versatile jacket dresses, bouffants. FABRICS: A glamorous assortment of luxurious new season fabrics. Vast selection of shades in prints, stripes and checks. HURRY! HURRYI HURRY! CHOICE 4" IT! Spring solids. CAPRI SETS SMART 'N EASY STYLES , ... AT SEARS EASY PRICE Checks, Plaids, Batik Prints, and Print and Solid Combinations Now is the time to stock up for summer . . . such hand some sets are hard to find at this low price! All are fine, washable cotton in deep col ors . . .' and just terrificl Sizes 10-18. CHARGE IT ON SEARS REVOLVING CHARGE Don't Miss These and the Many Other Values Throughout the Store i ji t m 1m: II ON SEARS : ' HATS ' (Catts 8B Wait Until you see these sensational styles, the wealth of fine detailing, the luxurious wools, all wool suedes, fleeces, boucles and other textured weaves, as well as foam laminated 100 wool flannel and 100 wool tweed. Sizes for misses 8 to 18, Jun iors S to IS. ' r. CHARGE IT REVOLVING CHARGE V .1 - kf HOLIDAY ' AJA a-4 X nm Mean Highway-Canadian Mt Rockies! VVfi 4 sec Anchorage. Fairbanks y Tiki Visit Ketchikan, Wrangell fjT-Jr Juneau... SEARS SHOPPER CERTIFIED VALUE WOMEN'S CAPRIS Value - - Priced nil 1 , M JUL Super value in Women's Cotton Capri. Smart check pattern similar to Illustration at close out price. SAVE $2.00 WOMEN'S PATIO LOUNGERS ! 99 Fine quality wash 'n' wear premium cottons in fresh young styling. Keep cool and comfortable all summer long. CHARGE ITl . On Sears Revolving Charge A ft t II S M II 0 VALUE PACKED HONEY LANE CAPRIS F5 Girls' fine qual ity cotton Sail :loth, poplin and gabardine, elas- . tic back lor better lit. Sizes 7-U. SEARS SETS THE PACE ... . . THESE HANDSOME FINE QUALITY SHOES GIVE YOU INSTANT COMFORT ... SAVE 54.01 NOW DURING TMIi 5AUt. lien's Gold Bond Cushioned Regular, lew, Low Price 18.98 Brown or black . . . superbly rich-looking, supple calfskin. roomy lasts which fit better, te ter. Excellent craftsmanship assures long, satisfactory wear. Flex leather soles, rubber heel Sizes 7-12. Come in today. CHARGE IT! ON SEARS REVOLVING CHARGE 97 ilhr-Eaiy" eimhion Insole for walktng-on-air comfort. Reg. 1.98 to 2.57 Girls styles - In Imported Swiss braid 2.37 to 2.57. Boys Reg. 1.98 Rayon and : Straws and Bamboo Straw Cloth. Reg. Acetate and Toyo Straws. Big selection. Save $2.20 EASTER DRESS-UP HAT AND BAG SETS S Regular 3.97 Imported Swiss grain Hat & Bag -Combination in adorable Easter styling. Tremendous saving. SPECTACULAR SAVINGS Junior Miss WALKER SHORTS Washable cotton group at a spectacular price. Good assortment. Sizes 6-16. SAVE $1.02... LITTLE BOYS KNIT SHIRTS Regular 1.99 Imagine a 65 dacron, 35 cotton knit shirt lor this price. Soft, ' comfortable, absorbent and cannot stretch out of shape. Sizes S-M-L 1 ..$ SAVE '2.11 Regular 3.99 Honey Suckle SPRING AND SUMMER MESSES 3 DAYS ONLY YOUR CHOICE T18 nil llr I I VALUE I , PRICED! J-L CHARGE IT RIVOLVINC CHARCI Machine washable embossed cottons & Schiffli-embroidery, woven checks at Smash Savings. Over 150 to choose from. Sizes 3-6x. rivy Shop at Sears and Save Satisfaction Guaranteed or Your Money back SEARS 501 E. JACKSON ST. IN MEDFORD ' PHONE 773-6661 PLENTY OF FREE PARKING STORE Toes., Wad., Thurs., Sat. 9:30 A.M. to 5:30 P.M. HOURS Monday A Friday 9:30 A.M. to 9 P.M.