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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (April 11, 1963)
MEDKORD MAIL TRIBUNE. MEDrOHD. OREGON THURSDAY. APRIL 11. 1IS3 IT'S YOUR LAW MnpKt for ( Mka PwwUCf l"t Editor's note: The following article is prepared ai a pub lic service by the Oregon State Bar. It is not intended as legal advice. Persons hav ing a legal problem should take all of the facts to an at torney. A slight variance in facts may completely change the outcome of a case. IN HOBBY FAIR One of the features of ni.n tjtHi.i.tt n.i..iii..wt- nn nnnnv hair Ann '11 ynn will a large exhibit of photographs trick. Here Charles A. Mathews, member, presi dent of the Rogue Valley Phologrhapcrs as sociation, prepares to use phuto enlarge!' He is assisted by H. C. Thomas, one of some 25 member student photographers. I jf-Bpr ,F0mi AFStk lARGE -T 1 amJMm SElECT0N tw? ( HALIBUT TQc Fresh Caught lb. & W IMPORTED OCEAN PERCH FILLETS .... lb. 49c CHEESE PETRALE SOLE FILLETS lb. 79 Jumbo Caf CQ PRAWNS fl' lb. I cums $159 lb. 1 GENUINE SMOKED SALMON EXTRA SMALL OYSTERS SEA BASS FILLETS OCEAN CATFISH Farm Fresh, White EGGS GRADE AA Small-Medium 2 doz. 75 Q( "fresh FLOUNDER FILLETS lb. 65c ROASTING HENS and FRYERS lb. 49 FITTS 131 W. Main SEAFOOD & POULTRY Phone 773-8497 GIBLETS Fresh Hearts S Gizzards lb. 39 BANKRUPTCY Possibly on the first of the month when bills come in, you might wake some refer ence to going bankrupt. As a general rule, however, most of us never give this phase of the law much thought. But did you know that the right to pass laws relating to bank rupty is specifically given to Congress in our Constitution? At the time the Constitu tion was drafted, the laws of England and other coun tries permitted imprisonment for debt. Thus, a person in debt could be thrown into prison and held there until someone paid his bills. Under our federal bank ruptcy laws, a person who cannot pay his debts because of poor business conditions, too much credit buying, or unexpected loss of income, can go into bankruptcy. This can be done cither as a vol untary act of the debtor or at the request of creditors. When a person goes into bankruptcy, he must place all of his property, both real and Slate Redistricting Proposal Revived Salem-IUPti-The House Plan ning and Development Com mittee has breathed new life into a bill to reorganize Oregon's congressional dis tricts. The committee had tabled the proposal Monday night, but revived it Wednesday at the request of House Speaker Clarence Barton, Committee Chairman Edward Whclan ID Portland) explained. Tile proposal, introduced by Rep. John Mosser (R Bcaverton) would realign the state's four congressional dis tricts on a basis of nearly equal population. personal, in the hands of the court. Exceptions are made as to certain items of person al property and clothing. The bankrupt must file under oath detailed schedules of all his debts and all his assets. Should a person after know ing himself to be insolvent give away or sell property in an attempt to defraud his creditors, the court will take the property back. If his statement to the court is false, he can be punished for receiving all of the debtor's assets, the court will convert his property into cash and distribute it to his creditors. After this is done, the bankrupt will be dis charged, and his creditors can no longer pursue him on these obligations. The bankrupt is no longer in disgrace but free to keep on working without fear of court action or prison. Most of us will keep right on paying our bills, but it surely is good to know that if it ever becomes necessary that we can get a second chance. Explosive in Mail Traced to Captain San Francisco -OJPD- A U.S. Army captain was scheduled lo be returned from Viet Nam today "for psychiatric inves tigation" in connection with a bomb explosion at San Fran cisco International Airport. The bomb exploded in the Airport post office March 18. Postal officials in San Fran. Cisco announced that the bomb nad been traced to the officer in haigon. He was not identi fied. Chief postal inspector John H. Van Meter said the officer, assigned to a quartermaster unit in Saigon, had admitted mailing the explosive device to his wife. The blast injured two air port employees, blew out 12 windows and set fire to sev eral stacks of mail. Historic Brooch Presented to SOC Ashland - Mrs. C. J. Baugh man, Ashland, historian of the Southern Oregon college Old Timers association, which is composed of those who at tended the "Southern Oregon State Normal school" prior to '910, has presented the col lege with a historic brooch, the gift of Mrs. Robert Rosen stiel of Corvallis. Mrs. Baughman explained that the brooch was formerly the property of Mrs. Roscn stiel's mother. Fannie Haynes Purdy, a resident of Ashland many years ago. On the brooch is a picture of the old college and t t e training school, buildings which were located about a mile south of the present col lege. Dr. Arthur S. Taylor. SOC professor of history, said the brooch was rare and of much historic interest. The gift will be stored with other Interesting mementos until a museum is constructed. In 1895, W. T. Van Scoy took over the presidency of a school that had been organ ized out of the remnants of the old Ashland college and normal school which in turn were decendants of an acade my instituted by the Meth odist Episcopal church in 1889. In 1910, the college was dis continued for lack of legisla tive support officially closing in June of 1910 with enroll ment of 172 and under the presidency of Harry M. Sha fer. Shafer, an energetic, able man stayed with the school until its closing. Ashland citizens and the teachers gave notes to the banks so they in turn could pay the teachers' salaries un til the end of the year, thus enabling the students to fin ish out the final term's work. Ex-Union President Guilty of Embezzling Washington - WPD - A U.S. district court jury Wednes day convicted former bakery and confectionary workers union president James G. Cross of embezzlement. Cross was charged with .'olldboratmg with former union Vice President James Landriscina in embez z 1 i n g J35.000 from the union in 1959. THIRSTY, PERHAPS Plymouth, England - itlFP - Gerald Pomfrel. 37, former cellar foreman at a bonded warehouse, has been fined $140 for stealing and drink ing 34 gallons of sherry, 20 gallons of port, 83 bottles of whisky. 46 bottle of gin. 24 bottles of rum and 32 bottles of brandy in an eight year period. "I realize what a fool I have been and what a hold '.he drink got of me," Pomfret said Wednesday. Watch For Dean & Taylor's Friday Surprise 5-9 TOPIC NOTED Ashland - "Man in Search of Himself" was the topic of Dr. Arthur Kreisman, chair man of the humanities di vision at Southern Oregon col lege when he addressed the Ashland High School Seminar in Humanities recently. HEARINGS SLATED Washington (UrD A Senate judiciary subcommittee will hold hearings May 21-23 on the first civil rights bills be fore Congress this year. The constitutional rights subcom mittee headed by Sen. Sam Ervin (D-N.C.) will conduct hearings then on proposals to extend the life of the Civil Rights Commission. You're sure of satisfaction . . . from retailers who feature known brands fir fitfr - X aW SgTjr lar HaVAaaiaaaieW. afafl KtfW,. "CaielBimSw eraa IHaW ssw aJeiev... Your Money's Worth By SYLVIA PORTER Copyright, Hall Syndicate), Inc. Retailers know you"re pure of patis faction with known brands because you'll get the quality you expect. Brand Names are built on your con fidence. You and your neighbors dictate the standards a Brand Name product must meet to consistently deliver the value and service you want. A respected Brand Name is a manu facturer's most valuable as.et and iie spares no effort to protect it by constant ly testing and bettering his product. A Brand Name u the maker's guarantee of satisfaction doubly endorsed by the retailer who sells it. For dependable quality and consistent satisfaction you will do better with the brands you know; get to know thoe you see advertised in this newspaper. To get the most for your money buy by Brand Xome and be ture! CONFIDENCE BRAND NAMES XSATI S FACTlQNy ,4 Brand Same is a maker's reputation BRAND NAMES FOUNDATION. INC . W FIFTH AVENUE, NEW YOI1K It, N.Y, PLUSES AND MINUSES Seated at the luncheon table in the heart of Wall Street yesterday were two nationally-known economists, also a fi nancial columnist with a fine business forecastine record and I: Each of us with the Identical set of statistics in our heads or on paper and prepared to debate where our economy is going from here. At luncheon's end. one of the economists and the financial columnist were arguing that we will move from this high- level plateau into a downturn. The other economist and I were arguing that we will move from here into an upturn. as an illustration of the extent to which economic fore casting is still an art, I give you yesterday's luncheon. As an example of how identical statistics can be used to support diametrically opposed conclusions, I also submit our lengthy debate. But of course this report has more meaning than the above, for what's important is that thoughtful observers the nation over are having the same debate on where the econ omy is heading. Here, therefore, in simple language, is a summary of the pluses and minuses. First, we all admit thai on this April 11. 1963, the economy continues a "mixed bag" of up, down and tide ways movements. The 12 "leading indicators" selected by the National Bureau of Economic Research at the most valuable in telegraphing in advance business up turns or downturns are still presenting almott at frut tretingly an inconclusive pattern as in January. To be precite, five of the indicators are pointing up. five are indifferent, two are pointing down - hardly a clear picture! Second, we all agree that this economic expansion, which began in February, 1961, Is now old in comparison with the average lifetime of previous expansions. At 26 months, it already has lasted one month longer than the 1958-60 upturn. It also is old in comparison with the average 28-month life time of eight peacetime business cycles since 1919. This is one of the points which President Kennedy has been empha sizing as he has warned of tiie danger of a recession if Con gress doesn't vote a substantial tax cut. Third, we all recognize that the country faces several deeply disturbing problems - particularly, our high rate of unemployment, the persistent deficit in our baluncc of pay ments and the threat this poses to our dollar, the sluggisli pace of our growth. Then we split and here arc the big areas of difference. The two of us who look for an upturn from this plateau put much greater weight on the indicators which arc pointing up than on those which arc indifferent or pointing down. For instance, one of the bright signals is the sharp upswing in new orders for durable goods. This telegraphs a coming upturn in manufacturing of the durable goods and is among the most vital clues we have lo future trends In industrial production. Another bright signal is the rise in corporation profits. This telegraphs increasing spending by business on new plants and equipment, for when a corporation's prolils arc climbing its managers are more inclined to invest in plants and this type of spending has far-reaching impact on our economy. The two who look for a downturn from thit plateau do not separata the indicatort thit way. Their key point it that the total pointing down or acting indifferently outweigh! the total pointing up. Frequently in the past, a mixture of thit tort at thit late ttage in a butinett advance hat signalled an impending recettion. The two of us who look for an upturn also put far greater weight on such intangibles as consumer and business psy chology and consumer and business intentions. The fact that every survey of consumers indicates they plan to maintain or hike their spending already at a record - is encouraging. In the face of this, businessmen can hardly cut their inven tories; rather they'll have to increase them. With consumer, business and government spending up. we cannot see the economy moving downward. The two who foresee a downturn, though, refuse lo give such weight to intangibles." They say - and they can point to history to prove it - that things usually never look better than at a peak. Obviously, it's far from a cinch bet. But I'm betting on plateau-to-upturn and the stock market seems to be sayinj this now too. Why Pay More? 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