Medford mail tribune. (Medford, Or.) 1909-1989, November 19, 1963, Image 3

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Medford mail tribune., November 19, 1963, Image 3

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Newspaper Page TextMEDFOKD MAIL TRIBUNE. MEDKOKD. OREGON TUESDAY, NOVEMBER, 19. 1963 Your Money's Worth By SYLVIA PORTER CmHM. H.M i,4kf. Im. Minor Children May Be Eligible for Pensions - STALLED STOCK BILL ". ?day in Wash'ngton, a House subcommittee opens three days of hearings on a Senate-passed bill to improve protection of this nation s investors which every responsible observer in and out of Wall Street agrees should have become law long ago. The chances, though, that the House will approve this legis lation in 1963 are now exceedingly dim. . The lawmakers apparently have decided there is no urgency to raising standards in the securities markets even though all Wall Street's leaders admit that legal tightening is needed. The White House apparently has decided it has enough glaring failures in its stalled tax and civil rights legislation without get ting into another squabble with the House over stock market curbs.- . You, the investing public, apparently have decided that, since there has been no shocking scandal in Wall sti-ooi i-wntiv needn't raise your collective voice either. It's a discouraging pattern, particularly since this is one of those rare times when Wall Street actually Is welcoming new policing legislation. While it well may be that this bill does not go far enough and there should be more teeth in it than there are, the measure does represent major progress as it stands. The key clause of the bill would force big, widely-held com panies with shares traded in the over-the-counter market to obey the same rules of full disclosure that corporations with shares listed on an exchange have obeyed for almost 30 years. The reporting provisions would apply in the first two years only to companies with $1 million or more in assets and 750 or more stockholders, and after this waiting period, only to companies with this amount of assets and 500 or more stockholders. Manv of the 3,600 companies which would be affected by this clause already are voluntarily meeting its requirements namely, issuing periodic financial statements, providing full proxy information uiauuauig msiuur transactions in meir stoCKS. There is no justification for the "double standard" on dis closure which exists in today's securities markets. From the viewpoint of the public interest, there is no valid reason why an investor in an unlisted company should be denied information automatically given to an investor in a listed company. Who's against this, then? There is strong opposition from some insurance companies, which simply resent additional regulation of their activities. That's about all. Other parts of the bill would: raise the training-experience standards for brokers, dealers and securities salesman; give the National Assn. of Securities Dealers power to set minimum capital requirements for securities firms; compel all broker-dealers to come under the self-policing authority of an appropriate securities association; allow the Securities & Exchange Commission to act directly against any individual who violates the securities laws, How can any one reasonably oppose a requirement that a person entering the business of selling securities to the public have some capital behind him say, $5,000? How can one argue against bringing all in this sensitive business under at least the self-policing authority of an appropriate association? How can one say that there should not be minimum training-experience standards for those who advise us on the invest ing of our nesteggs and earnings? The SEC deliberately put into this bill only provisions it was sure could not be reasonably opposed. That's why the Senate passed it so easily and quickly back in July. But the House committee has dragged its feet until today and now it can't possibly hear all the witnesses scheduled in three days. Further hearings will be necessary and these can't take place until December. Then, barring a sudden, unanticipated spurt of activity by the House group, there'll be another delay while the lawmakers go off for Christmas holiday and then it'll be 1964. Unmarried minor children of deceased veterans may be eligi ble for pension payments even when their mother, the veteran's widow, is not eligible, according to Elmer W. Donahoo, Jackson County Veterans Service officer. The widow may be ineligible due to having remarried or be cause she has income in excess of established limits. Her ineligi bility does not make the veter an's minor children ineligible, he said. Children of deceased veterans may be eligible for pension un til they are 18 years of age, or 21 years if attending school, provided that they are unmar ried and that their own personal incomes or estates are not great er than the regulations allow. VA officials pointed out that when a widow with children is already on the pension rolls, the subsequent ineligibility of t h e widow poses no problem. Pen sion payments to the children are continued after the mother's name is removed from the rolls, Donahoo said. However, in cases where the widow has never applied for a pension, or whose application was not allowed due to her re marriage or excessive income, the VA may have no record of any minor children to which payment should be made. Full details as to how minor children may file pension appli cations may be obtained at any VA office. The Family Council Ldltor's no'a: The Family Council con si a ti of a Judge, . tthyufclatrlat, thrte clergymen, three editors and a women's editor. Karh article li a summary of a family dlsaereement nresented to the Council. T'Ad Council deals with problems, major and minor, encountered by euldance counselor! ana social wortters. Edited, oy irs. Aim uenny. luopyr'ini o uenrra reaiuree f;orp.j Phoenix Instructor Attends Conference John Kuchler. instructor of German at Phoenix High School, attended the State Foreign Lan guage Conference at Gearhart recently. General session classes were conducted by Col. Lloyd H. Go mes, Director Defense Language Institute, Washington, D.C.; Dr. Robert L. Pulitzer, Stanford Uni versity; Mrs. Andrea McHenry, foreign language specialist, U.S. Office of Education, Washington, D. C; and Dr. Gustave Mathieu, Orange State College, Fullerton, Calif. . Section meetings were also held on the various aspects of language instruction. Cambodia Rejects All American Aid PHNOM PENH, Cambodia (UPI) Cambodia today re nounced all U.S. aid, effective immediately, and demanded the withdrawal of American mili tary and civilian advisers. A 20,000-member people's con gress approved the action by ac clamation after the chief of state, Prince Norodom Sihanouk, told it he has proof that the United States is helping a rebel movement against his regime. The 41-year-old chief of state of this neutralist Southeast Asian nation thus cut off an estimated $10.4 million yearly in economic aid and $18.8 million in military aid. Kirs. D. N. He should tell this girl of his previous mar riage. "' .' ' Joseph N. It was so fleet ing I've almost forgotten it my self. ; Mrs. D. N. My son is 27 and has been seeing one partic ular young lady more consis tently than any girl in the past five years. I've warned him that if he's getting serious he'd better tell her of his high school elopement. He wants to skip the matter, but I feel if he does not tell her the whole truth, it's up to me to do so. Joseph N. Look, this was a runaway marriage when I was 18. We never even lived togeth er. My child-bride was sixteen and her parents had it annulled before we got back to pick up our clothes. There's no resem blance between me and that dreamy delinquent of nine years i. What s past is past and dead wny revive it? CARPET SALE DUPONT CONTINUOUS FILAMENT O NYLON - MADE INTO CARPET BY WORLD 10 FAMOUS MANUFACTURERS 10 Sq. Yd -Several Colors 50-oz. Pad FREE $5.00 installation charge for each room regardless of size on wall-to-wall installations. 3 DAY SALE 3 "FIRST IN MEDFORD" $(3)88 (2) Candy Stripe in Long Wearing Continuous Filament Nylon ONLY $&95 Sq. Yd. Q FREE Pad 9x12 $ 79.95 Free Pad 12x12 $109.95 Free Pad 12x15 $134.95 Free Pad $5. Instillation hirge for each room regardleti of sizt on wall-to-wall installations. NO MONEY DOWN INSTALL NOW NO PAYMENTS TILL JANUARY, 1964 OPEN SUNDAY NITE LAURINES 520 So. Riverside -773-51 82 Ifl DIVISION MEETING Dr. Richmond T. Prehn, left, associate professor of patholo gy at the University of Washington School of Medicine, was the principal speaker recent ly at the meeting of the volunteers of the American Cancer Society's Oregon Division in Cottage Grove. Dr.- Prehn spent the past year at Witesman Institute, Israel, on a fel lowship research grant from the Eleanor Roosevelt Cancer Foundation of the ACS. Shown with Dr. Prehn are, left to right, Mrs. H. S. Garfield; Garfield, Crusade co-chair man for Jackson County, and Dr. Abner - Clark, president of the Jackson County Unit. Lane W. Adams, New York executive vice president and chief administrative officer of the society, spoke on the importance of ed ucating the public to the fact that lives can be saved from cancer. Dr. James M. Whitely, Portland, was re-elected president of the Oregon Division, and Mrs. John Day and Dr. Earl Lawson, both Mcdford, re-elected to the Oregon Division Board. Israel Tourist Official Travelling in Oregon A 3 Amnon Gil-ad, Los Angeles, assistant director for the West ern states with the Israel gov ernment tourist office, is tour ing Oregon this month promot ing travel in the Holy Lands. He visited Medford Monday, stopping at the travel agency.' The visitor has been in the Pacific Northwest Pays Property Tax Pacific Northwest Bell paid its 1963-64 property taxes in Jackson County Friday with a state ment acknowledging its customers are the people who actually "foot the bill." J, H. Creager, manager for the company here, said a check for $333,978 had been sent to the courthouse. The net amount att ter discount was one of the larg est payments in the county this year. "We want to stress that in reality it is our customers who foot this tax bill," Creager said. "The money for this tax pay ment comes from their monthly bills." Throughout the state on Fri day, Pacific Northwest Bell paid taxes totaling $5.5 million. The combined total for all coun ties in which the company oper ates made it the largest tax payer in the state. The overall amount was 2.6 per cent higher than last year. United States for nine months, with this his first trip to Ore gon. In commenting on his coun try, Gil-ad explained that Israel in many ways is like Western United States. Everyone is friendly, he noted, saying that within five minutes in a coffee shop in Israel "everyone knows everybody else." , He noted that English is the ; second official language of the country, with it being taught from the third grade up. The Bible is used as a textbook for both history and geography, he added. While traveling in Oregon he commented that he is "correct ing the mental picture of Amer icans," since the U.S. films ara generally used as a true picture of this country. The Council If your past peccadilloes, Joseph, left no traces worse than footprints in the sand you could indeed go mum about them. But a mar riage no matter how spree like is "on the books" some where. Ditto for the annulment. So, Mother knows best on the subject of tell - the - truth - be fore - somebody - else - does . . . But here's the important point for you right now: the only girl you need tell "all' to is the one girl you plan to marry. There's no requirement to alert the one you date casu ally. Your position must be: I've done nothing criminal. If the girl I choose really loves me, this early escapade won t make one bit of difference. In fact it may emphasize my in creased maturity . . . Much as Joseph would like to forget the past, he must dig it all up once more. He wouldn't want another annulment for fraud that is, suppression of facts relevant to the marriage, to wnlcn a mate is entitled. Postmasters Slate Saturday Meeting Jackson and Josephine County postmasters will hold their No vember meeting at the Rogue Valley Country Club at 6:30 p.m. Saturday, November 23, with Al Bradford, acting post master of Medford as host. Paul Brynildsen, postal serv ice officer of Eugene, will be present, and Christmas mails will be the mam topic ot discussion. The postal service officer is the representative between the regional director and the postmaster. MOUSE MISCHIEF BETHLEHEM, Pa. (UPI)-A mouse in a substation of the Pennsylvania Power and Light. Co. Monday ,blacked out about 4,000 residences and businesses for 40 minutes when he climbed into some instruments. Wirtz To Testify On Medicare Bill loid tne lawmaners nionaay me PICKS INSPECTION TEAM WASHINGTON (UPI) - The State Department Monday . se lected a nine-man team,' in cluding biologists, nuclear ex perts and diplomats, to inspect Lpproval of tne meMure. An. Antarctica bases of Russia and thony J. Celebrezze, secretary ot other countries. WASHINGTON (UPI) -The House Ways and Means Com mittee was to hear from Labor Secretary W. Willard ,Wirtz to day on why he feels the working man needs the medicare bill. - The proposal, bottled up in the committee since 1958, would pro vide hospital and nursing care for all Americans over 65. It would be financed by increased Social Security taxes on em ployes and employers. ' Wirtz was the second cabinet member called to testify in a new administration drive to win program was both "necessary and urgent. ., The Senate rejected a medi care plan last year, but Presi dent Kennedy has expressed confidence that Congress will nnnrnvfi the nrneram next vear. Thus far it has lacked even a majority in the House Ways and Means Committee to bring it to a vote. SVJOF2E THAN A GBFT! This Xmas, give the joy of hearing to someone you love. A Sonotone will long be treasured. Special Gift Plan ' SONOTONE OF MEDFORD ' 105 W. Main 772-5904 , ' SAVANNAH, Ga. (UPI)-Jack Flanigan filed a petition in Su perior Court Monday to recover a $1,200 encasement ring he said his former fiance refuses health, education and welfare, to return. ..r Cards ' for Thuriday, Nov. 28 SWEM'S 217 E. MAIN Morford, Oregon For Teen Dolls " I CT r r n i mi in iiin jit:...im ' -"f? L'kevy II XmaJ,-L)oor Sedan Now-'64 Chevy H ... , -j-f' v Vlpr?- -'- 'J,:flg38Wa....---'wjJW Most glamorous wardrobe designed for the teen model doll little girls love best. Perfect winter wardrobe for famous 11 'i-inch teen model dolls. Pattern 7160: directions, coat, hat, slacks, hooded top, 3-piece suit, skirt. THIRTY-FIVE CENTS (coins) for this pattern add 15 cents for each pattern for first-class mailing and special handling. Send to Alice Brooks, Medford Mail Tribune, Needlecraft Dept. P. O. Box 163, Old Chelsea Sta tion, New York 11. N.Y. Print plainly NAME, A DDK Ebb PATTERN NUMBER. 206 HANDICRAFT HITS in our big, big, new 1964 Needle- craft Catalog, out now; bee toys, fashions, crewelwork, heirlooms, gifts, bazaar hits everything to crochet, knit, sew, weave, embroider, quilt, with a V8 engine Now you see it. Now you don't. When a Chevy 1 1 does that kind of disappearing act you know without looking twice: It's a '64 with a Y8 engine. - ' That's right. A full-grown 195-hp Turbo-Fire V8. It's available for the first time this year along with a choice of throe other engines-lhe standard 4 (in 100 Series sedans), the standard 6 and a new 155-hp 6. (And all of them, happily, maintain their high spirits on modest amount of regular gasoline.; You can take this V8 through the gears most any way . fJTflfTT. vou choose with personal encouragement from a finely ASLUml honed 4-speed shift. if you like. But the changes that have como over this new Chevy II aren't by any means confined to what happens when you slip into the driver's seat. There are new styling features like the tasteful grille design and trim accents, for instance. And the larger self-adjusting brakes that further reduce upkeep on a car that already has a reputation of coming about as close to perpetual motion as anything on four , wheels can get. ' The place to get I ho full details on the '61 is your Chevrolet dealer's. And after you've got them, we hope , you'll attend to one further detail yourself. Drive it. Op:ioHalattxtraCMt Ask about a SMILE-MILE Ride and the Chevrolet Song Book at your Chevrolet dealer 9TH & BARTLETT COURTESY CHEVROLET MEDFORD PHONE 772-6115 smock. Send 25c right now.