PAGE FOUR
HERALD AND NEWS. KLAMATH FALLS. OREGON '
THURSDAY. FEBRUARY 27. 1958
... ,
MARKETS and FINANCE
STOCKS
NEW YORK 11 The stock
market closed higher Wednesday
'in quiet trading to break a string
of live daily declines.
Prices near the cloie included:
Youngstown Sheet up t at 83';
Boeing up 14 at StHi; Chrysler
up at BIS: Goodyear up l'i
at 72"n; Du Pont up 1U at 177' ;
and Lorillard up j at 42'i.
Volume for the day was esti
mated at 1,900.000 shares com
pared with 1,920,000 Tuesday.
NEW YORK STOCKS
By THE ASSOCIATED PRESS
Admiral Corporation 8 '.
Allied Chemical 76
Allis Chalmers 25
Aluminum Co. America BS '1
American Airlines 17 "t
American Can 42 '
American Cyanamide 40 'i
American Motors 8 .t
American TeL & Tel. 172 Vt
American Tobacco 76
Anaconda Copper 41
Armco Steel 41
Atchison Railroad 18 '
Bethlehem Steel 39
Boeing Airplane Co. 36 Vj
Borg Warner 27 H
Burroughs Adding Math. 31 Vt
California Packing 39 H
Canadian Pacific 23 t i
Caterpillar Tractor 59 H
Celanese Corporation 13 li
Chrysler Corporation 51 '4
Cities Service 45 '
Consolidated Edison 48
Crown Zellerbach 45 Vt
Curtiss Wright 25 i
Douglas Aircraft 56 H
du Pont de Nemours 176 Ji
Eastman Kodak 102 '4
El Paso NG 29 '4
Emerson Radio 5 l
Ford Motor 39 !
General Dynamics 26
General Electric 61 Vt
General Foods 55
General Motors 24 '
Georgia Pac Cp. 28 'j
Goodyear Tire 72 'i
International Harvester 30 '.
International Paper 87
Johns Manville 37 l
Kaiser Aluminum 23 Ji
Kennecott Copper . 80 'i
Libby, McNeill 8 'i
Lockheed Aircraft .19 m
Loew s Incorporated 14 '
Montgomery Ward S3 Vt
New York Central 1,1 '
Northern Pacific 33 Vt
Pacific Gas & Electric 51 H
Pacific Tel. b Tel. 123 'i
Penney LLC.) Co. 87 1 4
Pennsylvania R.R. 11 Vt
Pepsi Cola Co. 21 Vt
Philco Radio 14 V
Polaroid 52 Vt
Puget Sound PH 27
Radio Corporation 33 Vt
Rayonler Incorp. IS Vi
Republic Steel 42
Reynolds Metals 36 H
Richfield Oil 57 Vt
Safeway Stores Inc. 28 Vt
St. Regis 3 Mi
Scott Paper Co. 61
Sears Roebuck & Co. 26
Shell Oil Co. 59 "1
Sinclair Oil 47 H
Socony Mobil Oil 45 '
Southern Pacific 37 '
Sperry Rand 18
Standard Oil Calif. 43 '
Standard Oil N.J. 48 U
Studebaker Packard 3
Sunshine Mining - 8
Swift & Company 32 Vt
Thompson Products 42
Transamcriea Corp. .17 si
Twentieth Century Fox 24 "
Union Oil Company 42 ',2
Union Pacific 26
United Air Lines 26 i
United Aircraft 54
United Corporation 7 '
United States Plywood 2B '1
United States Steel 59
Warner Pictures 18
Western Union Tel. 17
Westlnghouse Air Brake 20 Vt
Westlnghouse Electric 61 U
POTATOES
LOS ANGELES (UP-FSMNS)
Potato market firm.
Russets Oregon-Klamath U.S. 1
4-6 ot 3.60; U.S. 1 6-01 minimum
4.50; Central Dist. U.S. 1A 4.00;
U.S. 2 3.25.
Arrivals: Kail none, truck 2.440
tacks.
SAN FRANCISCO (UP-FSMNS)
Potatoes :
Russets U.S. 1 5-ounce minimum
100 lbs Klamath 4.25-4.50.
CHICAGO (.fi Potatoes arri
vals 130: on track 336; total U.S.
shipments 923. Barely steady; car
lot track sales: Idaho Russets
4.90-5.35; Idaho utilities 4.43; Ida
ho Bakers 5.45: Oregon Russets
5.25: Minnesota North Dakota Red
River Valley Pontiacs 5.23-5.50.
Car Insurance
Boosts Yetoed
SALT LAKE CITY - State
Insurance Commissioner A. E.
Buekwell has denied an Increase
in automobile insurance rates
scheduled to go into effect this
Thursdav.
The rates were sought by the
National Automobile Underwriters
Assn. and the National Bureau of
Casualty Underwriters, rating bu
reaus, for many Insurance firms
operating in Ltah
Buckwells order said the rating
ourenus naa not demonstrated a
need for higher rates.
Potato Shipments
SEASONS S6-J7 STM
Daily Truck Ore. II 33
Dally Kail Ore. i 4
Dally Truck Calif. I j
Daily Rail Calif. 4 IJ
Dally Total
ORE, tc CALIF. 24 M
Monthly Total $1$ 1043
Season's Total 3918 tilt
Editor's N'ete: The market re
ports listed below are yester
day's market!, not today's and
are carried a service to
those subscribers in early de
livery zoaet which make publi
cation of dally market! Impos
lible within the route schedule.
LIVESTOCK
KLAMATH FALLS
LIVESTOCK AUCTION MARKET
Feb. 23, 1958
Receipts: Cattle, 381. Hogs, 82.
Sheep. 97.
Compared last Tuesday all class
es cattle .50 to 1.00 higher; hogs
steady.
Fed steers: Good, 23.60-24.60; std.
21.50-23.25.
Fed heifers: Good, 23.10-24.30;
Cows: Std., 21.30; cmcl., 18.00-
19.90: utility, 16.70-17.80; cutters
14.00-14.50.
Bulls: Utility and cmcl., 21.35-
22.20.
Veal calves: Good-choice. 24.50-
29.75; hvy killer calves, 24.00-26.75:
baby calves: Beef, 25.00-33.00;
dairy, 5.50-13.00.
Stockers and feeders: Steers,
good-choice, 650-800 lbs., 24.50-24.-70;
heifers, good, 500-550 lbs., 23.10-
25.20: steer calves, med 78.00-
117.00 per head: Heifer calves.
good-choice, 96.00-121.50 per head.
Slock cows: One lot good cows
li'4.00 per head.
Hogs: U.S. 1 & 2 (180-220 lbs.),
22.10-22.30; sows, 15.10-17.90: wcan-
er pigs, 12.50-24.00 per head.
Sheep: fat lambs, good, 21.30;
breeding ewes, 16.00-18.50.
Reported by Ray Petersen, coun
ty agent.
PORTLAND laWUSDAl-Cattle
salable 250; trade active, all
classes strong; part load average
choice 730 lb fed steers 26.75; good
steers 2j.00-26.00: standard 23.00
24.50; part load fed heifers 24.75:
load mostly choice 24.50: good
heifers 23.00-24.00; utility , and
commercial cows 17.50-20.00; can-
ners and cutters 13.50-16.00, heavy
Holslcm cutters to 17.00; utility
bulls 20.00-22.50 ; 41 head good and
choice 008 lb feeder steers 24.50.
Calves salable 75; market fully
steady; choice vealcrs 31.00-34.50.
.individual high choice 35.00; good
vealers 27.00-30.00; standard 20.00
26.00. Hogs salable 300: mostly 25
lower; sorted No. 1-2 butchers
22.S0-75; mixed grade lots 21.75
22.50; sows 16.00-19.50.
Sheep salable 300: trade active.
steady to strong; one deck mostly
choice 103 lb shorn lambs witii
No. 1 pelts 21.50; good slaughter
lambs 22.50-23.00: good and choice
feeders 19.50-22.00.
STOCKTON (UP - FSMNSi -
Livestock:
Cattle salable 23. Canner and
cutter cows 13-16. Good to choice
feeder steers 728 lbs 25.50.
Calves salable none.
Hogs salable 25. Good
and
380
choice 155 Ih feeder pigs 21
lb sow 16.50.
Sheep salable none.
CHICAGO ( Butcher hogs
were steady to 25 cents lower
Wednesday with a lop of $20.30
for about 200 head of 20O-220 lb
mostly No. 1 grade.
Buyers paid up to $311.50 for the
increasingly scarce prime grades
of slaughter steers, highest since
Feb. 2, 1955. There was a load ol
1.236 pounders at $36.50 but a few-
loads of 1,100-1,300 lb weights
orougiil 3o-$36.30. High choice and
mixed choice and prime grades
moved at $31-$34.50, most average
choice at $28-$30 and good and
low choice at $24-$27.50. The mar
ket was quotably steady to $1
higher. Good and choice vealcrs
sold at $30-$35.
The sheep market was slow with
several loads of slaughter lambs
unsold late.
GRAINS
PORTLAND i.fi Coarse grains.
15-day shipment, bulk, coast
delivery :
Oats, No.2, 83-lb while 49.50
Barley. No.2, 451b B.W 47.50
Corn, No.2, E.Y. ship't 54.00-50
Wheat (bid I to arrive market
basis No. 1 bulk, delivered coast:
Soft White 2 '
Soft White (excluding Ilex)
White Club
Hard Red Winter:
Ordinary
10 per cent
11 per cent
13 per cent
Hard White Baart:
2.25
2.:;
2.33
2.33
2.34
2.35
Ordinary 2 25
10 per cent j.jj
11 per cent 2.2."
12 per cent 2.23
Wednesdays car receipts: Mill
(eed 2; wheat 8; barley 2; flour
n; corn l; oats 1.
CHICAGO - Corn futures had
a surprisingly good demand most
of the time Wednesday on the
Hoard of Trade and prices at
times were more than l'i cents a
bu,5nel nl,iner
It was the only grain to stav
ahead throughout the dav.
There was a pickup in exnort
business, although not large. Yu-
'R,1vI bought 350.000 bushels of
lj.!. hard anil while wheat for
March shipment. Japan look 533.
000 Bushels of U.S. Pacific Coast
white wheat for March-April ship
ment and Korea bought 5I5.0O0
bushels of white wheal
At the close, wheat was '-P
higher, March 2 20-201,; corn I
l'i higher, March 1.12-11',
oats ' higher, March 63', -64
rye Vl' higher. March 1.29'
soybeans 'i-1'i higher. March 2.22
W lard 13 to 20 cents a hun
dred pounds lower, March 12 70
WHEAT
Open High Ut Close
Mar 2.18 2.20 t 2.18 2 20
May 2.13 2 18 2.15 'i 2 17 ',
Jly 1 9.1 1 95 1 A3 , i.4 ',
Sep I 97 1 98 1 ', 1 98
Dee 2 01 ' 2 03 0I 2 03 '
Stockholders
Meeting Set
The annual stockholders' meet
ing of the Klamath-Lake National
Farm Loan Association will be
held in the Pine Grove Room of
the Willard Hotel on Saturday,
March 1. II. E. Hamaker, secre
tary treasurer, announced the
plans.
There will be a complimentary
luncheon at noon followed by a
short business session. Lawrence
J. Horlun of Klamath Falls, asso
ciation president, will preside at
the business meeting at which two
directors will be elected to succeed
L. J. Morton of Klamath County
and Fred U. Peat of Lake County
whose terms have expired.
E. C. Prestbye, chief attorney
for The Federal Land Bank of Spo
kane, will be the principal speak
er. The annual report on associa
tion activities will be made by
Hamaker. Entertainment will be
furnished by Terry Beyer, Henley
High School students, who will pre
sent novelty piano and vocal num
bers. Approximately 100 farmer and
rancher members of the associa
tion from Klamath and Lake coun
ties are expected to attend. Cour
tesy parking stickers have been
sent out with the invitations to
stockholders and guests.
The new board of directors will
hold a short business meeting fol
lowing the general meeting to
appoint a new president and vice
president. Present oflicers are
L. J. Horton, president; Vancil
Withers, Paisley, vice president:
11. E. Hamaker, secretary-treas
urer.
Other directors of the associa
lion are Roy - Gooding, William
Jinnetlc, Bryant Williams and w
Warren Maxwell.
The loan association is a cooper
ative organization owned by the
stockholders which makes loans to
farmers on real estate security
only.
Coffee Hour
Set For Gill
A get acquainted coffee hour has
been arranged for Sen. Warren
Gill at the Willard Hotel from 8 to
10 o'clock tonight.
Gill will be making his first trip
to Klamath Falls since filing for
the gubernatorial nomination on
the Republican ticket last Monday
in Salem.
Gill was expected to fly Into
Klamath Falls for a one-day round
of activity designed to enable him
to meet as many persons as pos
sible.
A group of friends of the respect
ed legislator arranged tile Thurs
day evening coffee hour and an
nounced that both Republicans and
Democrats were urged to attend
and meet the senator.
Spud, Onion
Prices Climb
PORTLAND i.fi Dry onion and
potato prices climbed to the high
est level ot tile season at the Port
land produce market Thursday.
Dealers said the advance in po
tato prices was due to Midwestern
and Kastorn producers being un
able to ship them because of
weather. As a result. Pacific
Northwest stocks are being used
to meet most of the demand.
Adverse weather also is blamed
for the increase in onion prices.
Trade sources Indicate that usu
ally at this time most of Oregon's
needs come from Texas, but wet
weather Uiere has limited the out
put. Oregon slocks may not be
enough to handle the future de
mand, trade sources said.
Death Order
Is Questioned
SAI.F.M ii Oregon's Gov. Rob
ert D. Holmes is under temporary
court order not to commute the
death sentence of Billy Junior
Nunn. 28. Klamath Falls, but his
legal adviser questions the order's
validity.
The governor, due back late
Thursday, said in Colorado Springs
Wednesday he'd have no comment
until after consulting with his ad
viser, Arval Thompson.
Announcement t h j t Circuit
Judge II. K. Hanna had issued a
temporary restrrjner at Medford
was made Wednesday. It was
based on an equity complaint filed
by Mr. and Mis. John Eacret of
Klamath Falls, whose 14-year-old
son. Alvin, was slain by Nunn two
years ago.
They complained that Holmes is
widely known to have personal
scruples against capital punish
ment, has twice commuted death
sentences in little more than a year
in office, and has said he is going
to consider Nunn's case.
Nunn is scheduled to die in the
gas chamber March 18.
Thompson, in questioning the re
straining order, said Oregon law
provides that "a person can be
sued only in the county where he
lives or can bo served. 1 don t
lrn..u hn..- (I...- .on, ,11 ...H ......... A
the venue question on this unless! .Northern Oregon Beaches -
they expect to serve the governor ; Variable hiqh rleudines through
when he comes to Medford to fnday. Temperature range 36-54.
make a speech. Gentle variable beach wnds.
He said. loo. that the governor's Grants Pass and vicinitv
power to commute is clearly ex-' Partial clearing through Friday
pressed in the lon.stitu.lion and xcepl morning log or low cloudi -
generally, a discretionary act
cannot be enjoined."
The Kacrets' complaint said that
a commuiai ion naseo on personal clearing through Fridav. Low
scruples would he an invasion ofiThursdav nicht it-lM: hiJii Fridav
legislative and judicial fields.
THIS FEARSOME LOOKING foursome will p ay ball at the annual Fun Night sponsored
by the Pelican School PTA on Friday, February 28. They are members of the faculty team
that will vie for scores with the school team. Plans are being worked out by Charles
McLin, principal, and Rod Groshong, boys' physical education teacher. Hours will be from
7:15 to 9:15 p.m. and the public is invited. There will ba no admission charge. Left to
right are Stafford Thomas, Beth Ness, Char'es McLin and Polly Merrill.
School Budget
(Continued From Page One)
Gralapp cited the crow ded school
conditions along with the continu
ally rising enrollments when stress
ing the immediate need for the
Ponderosa Junior High. One six
room unit of the school is already
completed at an approximate cost
of $150,000, and Gralapp estimates
that completion of the building to
100,000 square fool size would
cost slightly more than an addi-
tional one million dollars.
He asked the boards to give full
consideration to the possible meth
ods of financing the school expan
sion programs. For example, he
pointed out, if the unit were to be
completed over a four-year period
the annual elementary district se
rial levy would have to bo raised
to $250,000. The present $120,000
annual serial levy is nearing its
completion date.
Gralapp also suggested the pos
sibility of bonding as a means of
completing the project in the least
number of years and then retiring
the cost over a longer period. He
also cited the fact that the im
pending reorganization of school
districts within Oregon might act
as a legal barrier to the bonding
ability of the existing districts. The
school district attorneys were
asked to study the issue with budg
et and board members and the
administration.
In other matters the boards took
no definite action on whether or
not to continue making available
$1,000 annually from each school
district to finance work being done
by the city-county joint planning
commission.
During the past two years each
of the three school districts in the
county has contributed $1,000, and
the city and county governments
have each contributed $3,000 to the
planning commission work. The to
tal amount has been matched from
a federal level, making the budget
of Ihe planning group approximate
ly $18.0110 annually.
Board Chairman Jack Linman
maintained that the joint planning
group is doing excellent work, but
that the method of financing is,
in effect, forcing a planning com
mission on the general public with
out the public having a voice in
the matter. Linman contends that
the issue should be put on the vot
ing ballot, along with the required
levy to finance the operation, and
thereby give the people an oppor
tunity to vote on whether or not a
planning commission is desired.
Planners John Howard and Lloyd
Anderson outlined the work which
has been done by Ihe joint plan
ning group, and stressed the value
to be had from continuing the
work. Howard pointed out that dur
ing the past two years those work
ing with the planning study have
been completing surveys and as
sembling statistics from which in
telligent and valuable planning rec
ommendations can be made in the
near future. They pointed to the
need for continuing the work.
Definite action was not taken on
the matter.
In another Wednesday evening
topic, it was pointed out to t h e
board members that the school
buses are critically overcrowded
during their daily runs, and that
at least one additional bus is need
ed within the joint school system.
The request was taken under ad
visement. Oregon Weather
Western Oregon Partly cloudy
through early Friday and mostly
cloudy Friday afternoon. Isolated
showers today with snow Hurries
in mountains. Considerable fog or
low cloudiness Thursday night and
early Friday. Little change in
temperature. Low Thursdav nicht
32-40; high Friday 44-50. Mostly Hilbruner said one of the patrol
southeasteiiy coastal winds of 10 ",n- Warren L. Moore. 33. accom
to 20 miles an hour.
Eastern Oregon Partly cloudy
through Friday. A few light show
ers or snow- flurries in the vicinity
of mountains. Little change in
tmnratiirii I nu- Thur.Jn.i ninM
. "'"
ness. Low Thursday
high Friday 48-53.
night 30-35:
Maker and vicinity Partial
40-48.
Elks Award Scholarships
To Outstanding Students
For the first lime in the history
of Klamath Falls Lodge No. 1247
BPOElks. three scholarships are
being given this year, two lesser
amounts in addition to the tradi
tional $1,000, to high school seniors
in the Klamath Basin.
Winner of the top one is Sydne
jetchura. Bonanza High School sen-
or. who made a straight one record
during her lour years academic
work. Sydne, 17, is the daughter
of Mr. and Mrs. Ronald V. Keteh
um. She plans to enter Oregon
State College at the fall term to
prepare for a teaching career. She
is an only daughter and has a
brother in the Navy.
Second place winner of a $350
check is Ronald Pierce of Malin,
son of Mrs. Nellie Pope. Ronald
stands third in his class at the
Malin High School and plans to
attend the University of Oregon to
study medicine. He is 17 years old.
Michael Ravizza, Chiloquin, was
named for the third place check of
$150. Mike, 17, son of Mr. and Airs.
Harry Ravizza, heads his class at
Chiloquin High School, will attend
Ihe University of Oregon Medical
School, Portland this year. A sis
ter, Susan, is also studying medi
cine at the same school. Mike w ill
he valedictorian of this year's class.
an honor won wilh a straight one
record for lour years of school.
Mike is following a family tra
dition. Both his mother, the form
er Jean Rogers, and his aunt. Mrs.
Scott Warren (Zepha Rogersi were
valedictorians at KUHS.
Named as eligible to compete in
district and state competition for
scholarship recognition al those lev
els were two other outstanding high
school students, Barbara Suzanne
Goeller, among the 10 top students
of Klamath Union High School and
Jury indicts
PO Robbers
PORTLAND W A federal
grand jury Thursday returned in
dictments against two men who
were sentenced earlier to life im
prisonment for the fatal shooting
of a man during a post office rob
bery at Paisley, Ore., last Oct. 10.
The indictments charged Jesse
Thurman Hibdon, 30. and Donald
Lee Ferguson, 32. with robbing
Anita Banister, the Paisley post
master, of $60 in cash and 302 1
postal money orders.
Shortly after the holdup Fergu
son was wounded and captured.
Hibdon . wandered five days
through wild country before he
was captured by a deer hunter.
John Troy Lawson was shot andi
killed when he tried to aid Mrs. i
Banister during the holdup.
Police Held
For Burglary
PORTLAND i.r Three Port
land city policemen were free on
$1,500 bail Thursday after one of
them turned himself in for an ap
pliance store burglary and impli
cated the other two.
Police Chief William J. Hil-
Ibruncr said the three told him
lhy 8' drunk Saturday night,
we ol" and broke into an Last
Side appliance store and made off
with radios, television sets and
other appliances. The chief said
the store placed a $2,771 wholesale
value on its loss.
panied by his wile, reported to his
commanding officer at the East
Side precinct Wednesday and con
fessed. "His conscience was just killing
him." Hilbruner said.
Most of the loot was recovered.
he added, except for some which
Moore said he had thrown into the
Tualatin River Monday to gel rid
of it.
Moore, on the force since 1950
named Donald K. Roberts. 29. and
1 Fred Malthies. Jr.. 37. as his coin-
panions. Both made oral confes
sions early Thursday, Hilbruner
said, and all three posted $1,500
bail on a jail booking of burglary.
Roberts joined the force in 1951
and Matthies in 1917.
Terry Beyer of Henley High
School.
Barbara Suzanne. 17. is the
daughter of Mr. and Mrs. Fred
Goeller, 406 Riverside. She has
earned a straight one record. She
will attend Oregon State College to
major in science and chemistry.
Terry, son of Mr. and Mrs. Wen
dell G. Beyer, is the 1958 valedic
torian at Henley, earning that hon
or with a 3.61 average for 3'
years, the period on which honor
students are named. He will at
tend the University of Oregon to
major in physics.
District competition is scheduled
for March 2 at Ashland.
Members of the Elks scholarship
committee included Joe Mercer,
chairman, Paul M. Deller, KUHS
faculty member; James Scott, prin
cipal of Conger School and Arthur
Millard, principal at Peterson
School.
Funerals
PROWELL
Funeral services for Walter Ray
Prowell, oO, who died near Kirk.
Oregon February 24, 1958, will take
place from the Chiloquin Metho
dist Church on Friday, February
28. al 2 p.m., with the Rev. David
Schneider officiating. Final rites
and interment in the Roseburg Me
morial Gardens, Roseburg, on
Saturday. .March 1, at 10 a.m
Ward's Klamath Funeral Home in
charge of the arrangements.
GLAZIER
LAKEVIEW Funeral services
will be held at 2 p.m. on Saturday
from the Ousley-Ostcrman chapel
with the Rev. Gordon Griffin offi
ciating for Ella A. Glazier, 79, who
died here on February 26. She was
born on October 11. 1878. at Klam
ath Falls and was married to Har
ry W. Glazier In that city in 1904.
He died in 1948. Survivors include
a daughter, Rita Bradley of Lake
view: one brother, Tom Pratt ot
Alturas: three sisters. Minnie
Wright of Lakeview, Delia Cheney
of Medford and Mina Howe of Ash
land; also four granchildren and
eight great-grandchildren. Friends
who wish may contribute to the
Lake County disaster car building
fund.
ONCE
-Buy N0W-AIVP SAVE
BiilyfeKid
L4 llMMkttpllf J 1
TEXAN
Sale Ends
Slims and regulars, 4-12
regularly priced at $2.98
Husky waist siies 26"
34" and regular sixes 14
and 16. Regulorly priced
at $3.50
Knees Guaranteed For Life Of Garment
REGULARS - SLIMS - HUSKIES
We've A Size To Fit Every Boy - Shop Now!
DREWS Aflanstore
733 Main
No Decision Reached At Lake
PUC Phone Purchase Hearing
LAKEVIEW No decision was
reached at the conclusion of a two
day hearing, conducted here before
Public Utilities Commissioner How
ard Morgan of Salem, in regard
to the application for an order
authorizing the purchase of the
West Coast Telephone Company's
Lakeview division properties by me
Beaver State Telephone Co. The
hearing opened at 9:30 a.m. on
Tuesday in the circuit courtrooms
of the Lake County Courthouse.
It was brought out at the hear
ing that negotiations had been
made by Beaver State with tne
Rural Electrification Administra
tion to borrow $1,197,000 of which
$606,000 would be cash to be paid
to West Coast with issuance of
129,000 shares of common stock of
$10 par value. The balance of the
money was to be spent in addi
tions, extensions and improve
ments. Net plant value of the Lake
view division properties is $980.
211.93, according to exhibits dated
December 31, 1957.
Beaver State is a subsidiary cor
poration, formed for the purpose
of supplying a first mortgage to
REA in order to borrow the money
at a two per cent interest rate.
A first mortgage could not be pro
vided by the West Coast Telephone
Company because of outstanding
indebtedness in the form of bonds.
The trust indenture of the West
Coast company permitted forma
tion of this subsidiary corporation
in order to take advantage of the
cheaper money.
West Coast was represented by
L. Gray Beck, vice president and
general manager of the company
from Everett, Washington. Appear
ing for Beaver State were John
G. Lilienthal of Everett, president
of the company, and Edwin L.
Graham, company attorney from
Portland.
A sizable delegation from the
north end of Lake County was pres
ent at the hearing as well as T. R.
Conn. Lakeview attorney, w h o ap
peared for the Lake County Cham
ber of Commerce and Forrest E.
Cooper, also a local attorney, who
appeared on his own behalf.
Jewel Corum of Silver Lake, a
Lake County commissioner, testi
fied as a witness for the Lake
County group. Local criticism was
not directed toward borrowing mon
ey for expansion of services, but
toward the use to which the money
would be put. It was pointed out
that the plans do not call for ex
pansion of services in local areas
which are presently without tele
phone service, such as Silver Lake
and Fort Rock. Forty two projects
were set forth in the company's
summary but none included those
north Lake County communities.
Testimony showed that in t h e
1920 s there was telephone serv
ice in the northern part of the coun
ty, using a metallic service. After
acquisition by West Coast, the two
wires were taken out, leaving only
a ground circuit. The effectiveness
of this was destroyed about 1951
wnen the Surprise Valley Electri
SPECIAL SERVICE
TONIGHT ONLY 7:30
NORTHWEST BIBLE COLLEGE
CHOIR - 30 VOICES
Your Revival Church THE
ASSEMBLY OF GOD
8th and Oak Streets, Pastor, Silas Jones
EVERYONE WELCOME
A YEAR
v JEANS
Sat.! Hurry!
'2
This
Sale
Only
3
15
This
Sale
Only
Downstairs At
Also Town and Country
UamNtsJ
fication Corporation put power into
the Summer Lake area. Today, wit
nesses pointed out, the closest
phone to Silver Lake and Fort
Rock is at Summer Lake and the
next nearest is at LaPine. During
the summer, the Forest Service
maintains a ground, circuit line
through to the Silver Lake ranger
station. There is also a short wave
radio circuit which is not always
effective because of weather.
Commissioner Morgan brought
along a battery of six advisers and
assistants, in addition to a court
reporter. He indicated that the tes
timony would require study but
did not state when a decision will
be handed down.
KF Merchants
Name Leader
Lewis Wayburn, co-owner of Your
Store, was elected president of the
Klamath Merchants Association for
1958 at a meeting of the associa
tion's board of directors at the
Pelican Cafe Wednesday morning.
Bill Cunningham, of Cunningham
and Rickey, is outgoing president.
Other 1958 officers are Frank
Kennedy, manager of Woolworth's,
vice president; and Alice Vitus,
owner of Guide Printing Company,
secretary-treasurer.
The board of directors is com
posed of Cecil Drew. Arthur Rick-
ben. Gene f aven, Howard stroua,
Frank Kennedy. Walter Kennett,
Rod Bell. Bob Harvey, Lew Way
burn. Al Hattan, Rudy Jacobs,
Alice Vitus and Leo Morstad.
The first meeting of the mem
bership was announced for Wed
nesday. March 5. at 8 a.m. down
stairs at the Pelican Cafe. This
was arranged as an "optional
breakfast" meeting, with those at
tending ordering breakfast or cof
fee as desired. All downtown mer
chants are urged to attend.
Bob Harvey and Walt Kennett
were appointed as co-chairmen of
Easter promotion activities.
Other business at the directors
organizational meeting Wednesday
was discussion of off-street park
ing, operation of the Merchants
Bus Company, and promotional
activities for the year.
WORKER INJURED
An Ellingson Lumber Company
employe, George W. Horstman, 32,
of 1021 Mitchell Street, suffered a
broken right ankle Wednesday
when a lumber carrier ran over
his foot. Klamath Valley Hospital
attendants reported this morning.
They report his condition as fine.
Dr. R. E. GARRISON
Chiropractic Physician
Hours 9 A.M. to 6 P.M.
- (others by appointment)
2236 So. 6th Ph. 4-8387
SALE!
Ph. TU 4-4121