MEDFOKD 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.