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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (July 9, 1963)
SECTION B Medford PAGES 1 to 10 Tribune MEDFORD, OREGON. TUESDAY, JULY 8, 1963 A ' .A 3 A; XJh fa.--.. Irfiii"-ni.i.iirimni.ri,iiii mmm vtafaaat&!l MISS OKLAHOMA UNIVERSE Roberta Ann Moslor, 19, a black-haired beauty from Tulsa, has been named Miss Okla home Universe and will represent the state in the Miss Uni verse pageant. Not the least bit superstitious, she wore No. 13 in a field of 13 entrants. (UPI) Quotes From the News BY UNITED PRESS INTERNATIONAL Cleveland, Ohio Manager Alvin Dark, commenting on his National League team's chances against the American League in the All-Star game: ' . "We've got lh pitching, great pitching, and it li pitch ing that generally decidei All-Star garnet." Jackson, Ga. A state game and fish official, explaining an unorthdox, but illegal, way of fishing: "You turn a handle on an old crank telephone and this generates a current which shocks the fish. The fish jump out of the water and these fishermen get them with a net." Karlsruhe, Germany Ex-Nazi Hans Clemens, describing how he hates Americans: ...... v "Like the plague." , . ' . Atascadero, Calif. A spokesman at Alascadero State Hospital, on a 31-year-old inmate who hid out for nearly a month in a cramped air vent that was subjected to daily blasts of steam: "It must have been an awful warm and moist kind of climate to live in. But he's just a 31-year-old kid and he likes hide-and-seek games." High-Speed Crash Leaves Five Dead Fontana, Calif.-tUPD-A high speed head-on collision on the San Bernardino Freeway ear. ly today claimed the lives of five persons and injured a sixth. Investigating Calif ornia Highway patrolmen said the accident occurred when one vehicle crossed a divider on the U.S. 99 freeway near this San Bernardino County com munity about 50 miles east of Los Angeles. Dead were driver John T. Wood, 26, Colton, Calif.; his passenger, Roger Altman, 26, San Bernardino, Calif.; Lew is Virgil Mansor, 49, Las Vegas, Nev.; his wife, Mrs. Ethel Hazzard Mansor, 45; and their son, Lewis Edward Mansor, 28. The only survivor of the crash was milkman Rene Gos selin, 33, San Bernardino, who was on his way to work in Fontana in a third car. Officers said Wood was eastbound at about 85-90 miles an hour, when his car jumped the divider and crash ed head-on into the west bound station wagon driven by a member of the Mansor family. Your Money's Worth By SYLVIA PORTER Copyright, Hill Syndicate. Inc. WHY PEOPLE BORROW Why have you been taking on personal debts at a record smashing rate in recent months and why do you now owe way over $63 billion in consumer loans alone, 56 billion more than a year ago? What are the reasons you owe almost S49 billion in installment debt, another $14.4 billion in non installment debt (single-payments loans, charge accounts, service credit)? While any teen-ager would say "people are borrowing to buy cars," what else are you borrowing for? Household Finance Corp., one of the largest small loan organizations in the world, with offices in 872 U.S. cities and all 10 Canadian provinces, has broken down the 2 million-plus loans totaling $1.1 billion which it made in 1962 into "what for" and, at my request, also has broken down its loans for the first quarter of 1963 by income classes $400 a month or less, $401-$750, over $750. Its loans are typical of all consumer loans and there are some shockers in its findings. The top reason for consumer borrwing is "consolidation of unpaid bills" and this goes for every income class. This was the principal purpose of almost 30 per cent of House hold Finance's loans in 1962. It was the key reason for al most 38 per cent of the loans made to middle and upper income groups early in 1963. The implication is clear that these families were over loaded with too many separate debts on which they were paying too much interest, sought a way out via a "consoli dation loan" at a lower total cost. It is not a cheerful find ing. The second major reason is the obvious one borrowing to buy or repair a car. This was the reason for 15.6 per cent of HEC's 1962 loans. The borrowing for autos is much great er in the under-$400 a month income group than in the over $750-a-monlh income class. Next in line on an overall basis came borrowing for: travel expenses; medical, dental and hospital bills; clothing; assistance to relatives; home furnishings and appliances; taxes; household repairs; miscellaneous equipment; insur ance; moving expenses; going into business for self; pay ments on real estate loans; education; fuel; rent; funeral expenses; a final miscellaneous. A couple of shockers here are how high up on the list is "assistance to relatives" and how far down on the list is "education." When broken down into income classes, "as sistance to relatives" remains way up as a reason for bor rowing by all groups, but upper Income groups far out borrow all others for education. . It could be that while at the upper income levels a privately-financed college education is the rule, at the lower levels the reliance is on scholarships and the less expensive state universities. Or it could be that upper income families spend much more for other forms of expensive education, ranging from dancing schools for moppets to costly summer camps. Or it could be that at the lower income levels, edu cation is simply halted when it is no longer free. None of the explanations is particularly comforting. Another shocker is the extent to which families bor row to pay taxes. This accounted for over 9 per cent of HFC's loans to upper income groups in the iirst quarter. The way out of this is for upper income groups as well as all others to think of spending money only in terms of net-after-taxes and to calculate in advance the taxes they owe on every dollar of income received on which full taxes are not automatically withheld. Low-income groups outborrow all others to assist rela tives, take vacations, buy home furnishings, appliances and clothing, pay insurance premiums and finance moving ex penses. Middle income groups outborrow all others to finance mpriiml. rtpntal and hosDital expenses. Upper income groups outborrow all others to finance household repairs, make pay ments on real estate-loans and go into business tor mem- S&lVGS. ' It's a highly complex pattern and the . variety of the reasons you're taking on personal debts underlines the de gree to which borrowing-to-buy has become a way of life in America. I'd feel much more' comfortable about this, though, if "consolidation of unpaid bills" did not head the list of reasons by so wide a margin in every income class. Oregon Claims TwoWorld's Shortest' By JAMES DOYLE United Press International Delake, Ore. 0IPD Where flows the world's shortest riv er? Few areas would even claim such a stream, but Oregon does It twice, and not without some dispute. The two groups who occa sionally rise to wage hotly the old conflict are residents of the 20 Miracle Miles, a beautifully rugged coastal strip, and natives of Klamath county in southeast Oregon. A sign on the coast high way here says: "D River, World's Shortest." In Klamath county, they re gard ihe D river as a toddler's wading brook, and claim the Link river as the shortest riv er in the world. Bulwarking Facts To this, Stan Allyn, a writ er and staunch defender of the D, says: "Bilgewash." He says critics of the stream are "bul warking facts." George T. Callison, presi dent of the Klamath County Chamber of Commerce,' says not only is the Link river the world's shortest, but it prob ably is the only river in the world that Hows completely within the confines of an in corporated city - Klamath Falls. He adds that in any event, the debate over the claim is "probably the world's longest." Allyn backs the claims of the coastal strip residents with some impressive material. He says that in 1940 the Geodetic- Geographic board in Washing ton, D. C, authenticated the D river as the world's short est, based on its officially de termined length of 440 feet at low tide. The river runs from Devil's lake to the Pa- Arraignments Due In Gambling Case Portland-IUPD-Thirteen per sons were scheduled to be ar raigned before Multnomah County Circuit Judge Charles Redding today on gambling charges. They were arrested in a crackdown on alleged book making and other gambling by city and county authori ties. More arrests are expect ed as a result of secret in dictments returned by a Mult nomah county grand jury re cently. Two men surrendered Mon day to county authorities, They are John R. Addlngton, 36, of Portland and Lester Neil, 47, of Vancouver, Wash, Glenn E. McQueen, 51, Port land, . was arrested a few hours later. ' . 1 The- crackdown1 started with raids on six establish ments July, 4. clfic, An Oregon newspaper re cently chided the river with the suggestion that the D riv er is a creek and further sug gested there is some question as to where it begins. Allyn says it begins at the D river bridge on Highway 101. But, asks the paper, which side of the bridge? The Oregon Highway com mission once refused to place a sign on the bridge stating the river was the world's shortest, but later had a change of heart and installed the sign. But it carries no figures to back up the claim. Callison says the Link riv er, which connects Klamath lake with Lake Ewauna, is 8,000 feet long. And there's no doubt that it is a river. It even has a hydroelectric project to take advantage of its fall of 56.1 fect. PLANE LANDS SAFELY Chattanooga, Tenn.-fflPB-A malfunctioning of an instru ment panel forced a United Air Lines prop-jet Viscount, with 25 persons aboard, to make an unscheduled landing at Lovell Field here Monday. The plane was flying from ' Buffalo, N.Y., to Memphis. America's professional buyers' agree... w ) l?r t, it ., -! .Li t f ...U-1 Going OLDS is the Going Thing! The men who buy cars for buainess fleets are professionals with a sharp eye for value. That's why so many of them specify Oldsmobile. In fact, latest available registrations show Oldsmobile fleet sales up more than 40! .Reason; Oldsmobile's reputation for exceptional "built-in" reliability. Reason: Oldsmobile's Kocket performance and economy a Dynamic 88 topped ita field in this year's Mobil Economy Run. Reason: Oldsmobile's traditionally high resale value one of the highest in the industry. Come to think of it, aren't these the attributes you want in your next new car? . JAlES-X-rorPIN' AT YOUR IOCAI AUTHORIZED OlDSMOBRI QUALITY DEALER'S I STOP IN NOW I J.R.'t WHITNEY OLDSMOBILE, 415 South Riverside Ave. TUNE IN "VARIETY GARDENS" NEW MUSICAL SHOW STARRINO KEEFE RASSIllI-TUESDAY NIGHTS-CBS-TVI Accident Victim Is Flown Here A Seattle, Wash., man was reported in satisfactory con dition at Sacred Heart hos pital today suffering from head injuries received in an industrial ' accident at .Cres cent City, Calif., Saturday. Hospitalized here is Casper Iverson, Seattle, who was re ported to be a self-employed fisherman. Further details of the accident were not avail able. He was flown here by Mercy Flights Inc. In a flight Monday, Boy Moore, Central Point, was re turned to Sacred Heart hos pital from Portland where he had had surgery. With these two flights a total of 1,585 patients have been flown by the non-profit air ambulance service since it was started. 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