Medford mail tribune. (Medford, Or.) 1909-1989, June 13, 1963, Image 14

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Medford mail tribune., June 13, 1963, Image 14

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Newspaper Page Textnturunu mail j mount., incut unu, unmoN THURSDAY. JUNE 13 1M3 g j off Three Qreek Shfooeirs CSetoDd ka u.., a . i Pi.. i : a -i M IFascimiaDDDg By CHARLES W. RIDLEY United Preu International One of the "G o 1 oVe u Creeks" is gone and the ques tion now is how will this af fect the fabulous shipping empires of his dynastic sur vivors? Stavros Livanos, 72-year-old patriarch of the Creek oil - tanker millionaries, died in Lausanne, Switzerland, in late May. And with his pass ing the spotlight was turned again on the two other "Golden Greeks" who mar ried his daughters - then sur passed hum in empire build ing. They are Aristotle Soc rates Onassis, now 57, and Spyros Niarchos, 54. The stories of the three men are fascinating. Livanos started life as a crewmen with his brothers on a small ship his father operated out the tiny Greek island of Chios, where Li vanos was born. Little ship by little ship, he and his brothers - with Stavros al ways the guiding genius -built up a merchant fleet that eventually turned him into sne of the world's richest men, controlling more than 70 tankers and freighters. Aristotle Onassis married - and later divorced - Li vanos' younger daughter Athina in 1946, and in 1947 Niarchos married Eugenia Li vanos, one year older than her sister. Onassis and Niarchos, long bitter rivals, now each have shipping fortunes estimated at about $300 million. Niar chos has the world's largest privately-owned tanker fleet. Onassis' fleet is almost as big. Their home and business headquarters are scattered in seven capitals across the globe. Niarchos' 190 foot three-masted schooner "Cre ole is the biggest private sailing ship in the world. Onassis' yacht "Christina," a converted 303-foot- Canadian destroyer, is equally spec tacular. Transport Oil Between them they cur rently own more than 130 tankers and 13 freighters for a total of about 2.6 million tons. In good years their tankers and super tankers transport more than 5 billion gallons of crude oil around the globe. Each has a young son and daughter, all four born to the Livanos girls in the United States, thus ensuring them of the benefits of American citizenship and a maximum chance of following their fathers in straddling the world. In addition to his merchant fleets, Onassis also success fully operated a whaling fleet for a time, owns a large part of Monte Carlo, includ ing the casino and the Hotel de Paris, and runs the Greek "Olympic Airways" on a 10 year lease "as a hobby." The vivacious, frank and friendly Onassis, a five-foot, three-inch bundle of energy and charm, also has found time to monopolize the in ternational society columns. Callas Romance His romance with Greek American opera soprano Ma ria Callus, which led to the break-up of his marriage to "Tina" Livanos in 1959, has frequently claimed the atten tion of the world press. So has Onassis' friendship for Sir Winston Churchill, frequent guest during his old age aboard the Onassis yacht and at Monte Carlo. Explaining his close attach ment to Churchill, an indi vidualist and a flamboyant personality after Onassis own neart, the Greek mag nate once said: "We are all deeply indebt ed to him for the system of life we enjoy. He has given that system an extension of life. Let us hope that the ex tension will last long." Onassis was born in Smyr na, son of Homer Socrates and Penelope Onassis, who owned a flourishing tobacco trading business. In 1922, when Onassis was 16, the Greco Turkish war ended with Smyrna under Turkish domination. Onassis, his father and other members of the family were jailed, but on account of his youth "Ari" Onassis was quickly released. Through a friendship with the American consul in Athens and other influential people, he man aged to buy his father out of the Turkish jail. But Onassis fell out with his family and shipped to Buenos Aires aboard a crowd ed emigrant ship, with $60 in his pocket. In Buenos Aires, though he spoke no Spanish at the time, Onassis got a job aa night switchboard operator with a British telephone com D n y for a wage of $73 month. No Stamps No Gimmicks No Contests Every Customer Is a CASH SAVING WINNER m KIM Lower Prices Throughout the Entire Store All Departments BUMBLE BEE PIHK SALMON CARNATION CHUNK GMT TUNA No. Vi Can 499 t No. V Can I FIRST QUALITY "NUDE HEEL" SEAMLESS NYLONS Beige, 8Vi to 1 1 39 MEN'S & BOYS' LOW CUT TENNIS SHOES i I Heavy Duty Rubber Sole Reg. $3.98 m . I m tlWlillllllililll'llll'llillliiil rlllHIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIHIUIIIII IRREGULARS MEN'S WHITE SOCKS All Soft Cotton 10-13 Elastic Garter Top Cushion Fool Reg. 39c 5 s 99' DOXEE Mb. can 49 37 4 ' 99c 4 '99c 79c .15-Oz. Can ..8-Oz. Can CLAM CHOWDER DOXEE MINCED CLAMS HERSHEY INSTANT COCOA MIX PLANTER'S PEANUT BUTTER ISLAND PRIDE HEAVY SYRUP CRUSHED PINEAPPLE . .. 4 -99c OCEAN SPRAY CRANBERRY JUICE o,.49c INSTANT COFFEE M. 99c ,.38-Oz. Can Cream M fk or Crunch 1 B-Oz. Jar "tvC Stark's Instant Haley's - Reg. 39c Payette Valley WILSON'S CORNED BEEF HASH WILSON'S VIENNA SAUSAGE AIR WICK ROOM DEODORANT CHIFFON LIQUID DETERGENT 15-Oz. Can ,.4-Or. Can All Scents 7-Or. Can 3 5 4 (or (or far ,.48-Oz. Bottle 99c 99 c 99c 89c POWDERED MILK PORK & BEANS APPLE SAUCE FROZEN LEMONADE WELCHADE TOMATOES Stockton No. 303 can CREAM HONEY 14 quart pkg. 40-oz. can No. 303 can Coastal 6-oz. can 29 Welch's Grape Drink qt. can Q for for 99 99 Hein's Reg. MJB Drip or . Regular Broil-et Charcoal COFFEE BRIQUETS COVER For Ironing Board LADIES BLOUSE Mb. can 9 10-LB. BAG 10-oz.Ctn. 4 for 99 -111. Villi fJJ u 20-LB. BAG Silicone Scorch Proof Reg. $1.79. Roll-up Sleeve Solids or Prints. 32-38 Fruit of the loom Heavy gauge 52' Assorted colors fkt HYDRANGEA lHrd'ftcja fiwtoto GfardifitHO-Trw Form) Hordr and oiy to ore ... chonaot color with the) too tons (our fim. It' groan in tH Spring, wKito in ffet) Summer, roo tn tho Fill JJ broniopurelo i tfc lot Foil. A A eai OA dwlightfwt garden u "IB tJW T roo Hydrongoa growl to about oM foot. 1 ea. While They Last Also Dwarf Bush Cherry Snowball Russian Olive Mimosa (Silk Tree) Pkg. of 3 VINYL TABLECLOTH Scalloped 1 In. x 70-in. ffl mm IQ MAMMOTH FOAM WASH MITT OR GIANT BAG OF SPONGES Reg. '79c ea. 2: 99' WATER SKIS Voit Gold Cup Adjustable fool stirrups Reg. $29.95 M I New Potatoes U.S. NO. 2 lbs. IT TOMATOES RIPENED JUST RIGHT pound CANTALOUPES Now at Their Peak 1 for 99 t SPORT SHIRTS Men's Short Sleeve Wash 'n Wear Dan River Fabrics e Assorted 11111111111111111111111 1 1 1 i 1 SPEED Reg. $24.95 Dual Head Reg. $29.95 Floating Head AT CASHIER'S BOO'H SHAVER H366 V Reg. 79e CUSHION PAD Vinyl Cover Waterproof e 36-inch x 18-inch $2.98 $1199 tt 00 SIZE HELENS CURTIS SHAMPOO - . 50c REG. 87c NEW GILLETTE SUN UP AFTER SHAVE 66c REG. $1.29 DECANTER LISTERINE ANTISEPTIC -.99c JUMBO SIZE 1S-OZ. 110-5 CREDE RINSE S1.77 PURIFIED 1 LB. CAN TALCUM POWDER REG. 29c ST. JOSEPH EPSOM SALT Use In Your Shoes.. .1 lb. Box 39c 13c REG. $1.29 HEP HOUSE t GARDEN INSECT BOMB 88c REG. $1.98 ALUMINUM 4-INCH LAWN EDGE 99c Allowing himself only three hours sleep a day, ho set out to sell tobacco from the Balkans during his hours way from the switchboard. He was soon free-wheeling and in the first year he sold $200,000 worth of Balkan to bacco to the Argentines. His commit slon was $10,000. Using thU capital he shipped back grains and hides to Europe. By 1930, seven years after arriving virtually penniless in Argentina, Onassis trad ing skill had made him a millionaire. It was then that he started his shipping em. pire by buying six freighters from the Csnadian National Railways for $20,000 each. The ships had cost the Can, dian government $2 million each to build. In 1938 he built his first tanker, the 15,800-ton Aris ton In Sweden. He built two more before war came to Europe in 1939 and bloekeri his ships for most of the duration. With the end of Mm urr. Onassis' career became min gled with that of Niarchos, when both saw a great future for oil tankers at a time when other shipping men did not. instead of building tankers at first, Onassis joined Niar chos - by then his brother-in- law - In buying up surplus 18,800 -ton tankers from the United States. But both ran afoul of U.S. laws which stipulated war? surplus must be sold only to American citizens or American-dominated companies. In the end they settled with the U.S. government out of court when Niarchos paid $12 mil lion in Tines and penalties and Onassis $7 million. Borrow Capital Then both went on to bia ger success by ordering new tankers at a time when ship. ouueung yards were Idle, and wun capital largely borrow ed from banks. By comparison with Onas sis, Niarchos, a brown-eyed charmer who shuns publicity. naa an easy road to success. He was born in 1909 at Piraeus, the port of Athens, three months after his par. ents returned to Greece from. the United States, where they ran a small hotel at Buffalo, N.x. in Greece the Niarchos family was prosperous, but not fabulously wealthy. through a grain and shipping business. . Alter getting a lawyer's degree at Athens university, Niarchos entered the family business at the age of 20. In the depression year of 1930, he persuaded the family to buy ships of their own to transport their own srain at cut freight rates. ... Profits Soar Profits of the family busi- ness soared 400 per cent and by 1938, Niarchos was ODer- ating a fleet of his own. Niarchos' fleet was com posed of only two tankers nd a few freighters at the time war broke out. He turned the fleet over to the Allies and Joined the Royal Hellenic Navy. When Niarchos wss mus tered out ss a Lieut. Com mander, he collected $2 mil lion Insurance for six of his ships sunk during the war. Like Onassis, he also col lected one of the daughters of Stavros Livanos, then the undisputed Greek shipping king. The insurance capital was enough to start Niarchos off on his post-war enterprise. "But money Is not neces sary to success, Niarchos once said In his quiet, pen sive manner. "To get ahead in life you need foresight and timing." Foresight and timing are what Niarchos snd Onassis showed they have plenty of -and a knack for making the right connections. REG. $1.9S EVEREADY FOR GARDEN HOSE RADISHES or GREEN ONIONS Bunches HQ Plant & Shrub Gun 99c REG. $3.98 H" VINYL , Garden Hose SI .88 REG. $1.00 MEN'S BAN-LON Socks lz 99c imiuiiiittfflBimiiiiiiuirjitttinw REG. $21.95 4-QT. ELEC. ICE CREAM Freezer S15.99 REG. $1.98 3 ARM EVERAIN Lawn Sprinkler SI .37 REG. $3.98 HEAVY DUTY PLASTIC WrapArountTent,S1.99 REG. $1.39 HEAVY DUTY 20 FT. Extension Cord 97c REG. 49c RONSONOL Lighter Fluid . 39c REG. 79c KIDDIES Play Shorts!" 2-99c Vi Gr. Ettervetcent SACCHARIN 1000 TABLETS . 39 Seedless Grapes First of the season. Peaches Yellow Mealed Cardinals..... 251. CASHIER WINDOW SERVICES FILM DEVELOPING YEAR AROUND LAY-AWAY PLAN Free Gift Wrapping t Greeting Cardt tor all occelionl Hunting and Fiihin LicenMt Checks Cashed Mony Orders Poitigc Stampt Bofrla Return Philco TV t Rtdia Tube it 40 S Diiceunt G-E Floor Politker Wtier Rental 77t s Day ASPIRIN II II C 100 TABLETS U U 1 Secret Ice Blue DEODORANT ROLL ON, Reg. $1.10 77' Tai Ine. Always More For Your Money rfwndJsrlfr LU taAauni lisjili lutL-s. m CORNER JACKSONVILLE HI WAY AND LOZIER LANE Dunes City Votes or Incorporation Dunes City, Ore.-HIPD-Resl- dents of this 1.800 acre tract round Woahink lake near Florence have voted 143-74 to Incorporate as a town and call It Dunes City. The area has 274 eligible voters. Next step will be certifica tion of the vote by Lane) county commissioners and election of five city council men. Supporters of Incorpora tion contended they were mainly Interested in home rule, zoning and planning and a spokesman denied the move was simed st blocking national sesshore In the dunes area. A small part of the area Is Included in a bill by Sen. Maurine Neuberger (D-Ore.), to establish a sea shore. VOICE IMPROVES New York -(DHJ- Metropoli tan soprano Roberta Peters, who has received critic's raves for her "Carousel" album on Conmmand, comments: "It s because of my children. I found that after giving birth to my two sons my voice be came much richer in quality."