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About Herald and news. (Klamath Falls, Or.) 1942-current | View Entire Issue (May 29, 1958)
THURSDAY, MAY 29.195B HERALD AND NEWS, KLAMATH FALLS, OREGON PAGE TVfTi Court Locked In Dispute Klamath County Court Wednes day was still pre-occupied with a dispute which has arisen over pro posed vacation of a portion of Midland Townsite, eight miles south of here. Charles Bennett, a landowner in the area, has asked for the vaca tion of the land, which in effect would change its tax status from lots and blocks to lower -taxed farm land. The court on May 7 granted the vacation, but last Wednesday this action was protested by four oth er adjacent owners. Their contention, later substan tiated by District Attorney Arthur Beddoe, was that owners adjacent to the land proposed for vacation must give unanimous consent. Such consent had not been obtained and the board last week rescinded its vacation order and requested the district attorney to investigate. At a continued hearing yester day, adjacent owners contended they would not have access to their property if the land were vacated, since no areas would then have to be reserved for roads. Beddoe said he will submit a report to the county court. Mean while, no decision on the vacation has been made. The district attor ney said the owners involved may have to get together on trades or compromises for the proposed vacation to be effected. At yesterday's meeting a side issue arose involving ownership of land in the same Midland area. Beddoe said Bennet claims to have paid taxes on three parcels since 1948. However, the official declared, an investigation showed the parcels in question were fore closed on by the county in 1953 for non-payment of taxes and sold to Raymond Gray in that year. Gray has paid taxes on. the parcels since that time, Beddoe said he has learned. CITY BRIEFS Indian Bureau Sets Land Sale The Bureau of Indian Affairs completed plans recently for the last sale of Indian allotted lands prior to the beginning of termina tion activity of the reservation. The final land sale is scheduled for 2 p.m. Tuesday, June 3, at the Klamath Agency office. This final sale will offer 57 par cels of land to highest bidders, providing their bid is equal to or in excess of the appraised value of such property. ' The majority of the tracts are 160 acres or less, and are classi fied as timbered, grazing or farm land. Prospective bidders can secure complete listing of the lands to be sold by contacting the Bureau of Indian Affairs office at Klam ath Agency. 4-H NEWS BIG SPRINGS 4-H CLUB MONTAGUE Bill Ruddiman, Siskiyou County 4-H farm adviser appeared as guest speaker before the members of the Big bpnngs 4-H Club at the May 21 meeting of the group at the Big Spring! Community Hall. Phil Zediker, president, con ducted the business session at which time it was decided for the club to visit, each member's home and view their products. As community project, the club de cided to paint direction signs for the Big Springs area. Ruddiman showed films on the American cowboy, and taped re cordings of interviews with several club members. JUNIOR BRONCS The Junior Broncs met May 13 at Sally Read s home. The meet ing was opened with the flag pledge and the 4-H pledge. The club members went on a ride with the Sheriff's Posse May 4. that took the riders back of Hog Back Mountain. Picnic lunch was brought and' everyone had a wonderful time. Mrs. Woodard measured each member oresent for shirt size. The uniform shirts are to be made soon. After adjournment, Mrs. Read served refreshments. Jennifer Hummel News Reporter. Zullema Nile Club will meet Wednesday. June 4 at 1 p.m., at the Willard Hotel for luncheon. Out of town members call Madge McLaren, TU 4-4439 for reservations. Dance Enlisted Men's Wives. Kingsley Field, are sponsoring a dance open to the public at Reames Golf and Country Club, 30 p.m. to 1 a.m., Saturday, May 31. Tickets, 50 cents per per son will be sold at the door. Away M.Sgt. and Mrs. Alvin G. Hudson, Kingsley Field, are spend ing this weekend in the Rogue River Valley fishing. They are former residents of Medford. St. Paul's Episcopal Church Memorial Day masses, 7 a.m. and 10 a.m. An Invitation to the public to attend a public installation is ex tended by honored queen elect Carolyn Hunt and master coun cilor elect Burrell Gober. The pub lic installation of officers of Hen ley Bethel No. 51 International Order of Job s Daughters and Lost River Chapter, Order of DeMolay on Saturday, May 31, at 7:30 p.m. in the Henley Elementary School gym. Refreshments. Square Dancers are invited to dance to Buzz Brown of San Diego, Tuesday, June 3, 8 p.m. at the South Sixth Street Community Hall. Practice for installation of Hen ley Bethel No. 51, International Or der of Job's Daughters, officers and choir at 1:30 p.m. Saturday, May 31. Pictures of Bethel No. 51 officers and choir and Lost River Chapter, Order of DeMolay offi cers, are to be taken at 7 p.m. Saturday, May 31 before the instal lation. Practice, pictures and in stallation will all be at the Henley Elementary School gym. Please by prompt. Ill Mrs. C. I. McCandliss, 1115 Donald Street, has returned home from Klamath Valley Hospital where she has been critically ill. Improving Jess Johnson, Hen ley, is in Hillside Hospital for medical treatment. He will be there for another week. Visitor Mrs. Carroll Nettleton. Bandon, Oregon, wife of the Oregon state liquor inspector, was present for the graduation of her niece, Rosemary Spetz from Klamath Union High School. Mrs. Nettle- ton, sister of Mrs. Gustav Spetz, arrived by West Coast Airlines. ers 18 and nine hole players as well as bridge players are invited Members planning to attend should call Jerry Farley at TU 4-4474 or Clark Good at TU 4-7446 by Satur day, May 31. All Golfers of Reames are in vited to participate in the first mixed two-ball foursome to be held Memorial Day afternoon at the lo cal course. A 2 p.m. starting time is scheduled. To Sing The Roosevelt School Chorus will sing tonight, May 29, on KOTI-TV at 5:30 p.m. Property Tax Revise Seen Wall Street Expert Sees Bull Market Until 1962 Bible School A vacation Bible school will be held at the Klamath Lutheran Church. 1175 Crescent Street, between June 2-13. The hours will be 9 a.m. to 11:30 a.m. Monday through Friday. All chil dren 5 years or older are invited to attend. Rummage Sale The Church of God will hold a rummage sale in the Pelican Theater Building Saturday, May 31, from 10 a.m. to 5 p.m. Coffee and cake will oe served for 15 cents. Women Golfers of Reames are reminded of the Bend Golf Club an nual guest day to be held Wed nesday, June 4, at Bend. All golf- Property tax assessments or downtown properties might be ad justed either upward or down ward for fiscal '58-'59 taxing pur poses, it was learned Wednesday. The Klamath County Board of Equalization, meeting in the court house, has taken under advisement a survey of property valuations made by the State Tax Commis sion at the board's request. On hand to present the survey yesterday was T. S. Cady, an ur-l ban supervisor for the commission. The survey was made in recent weeks and reportedly reflects cur rent market values of downtown properties. Assessed values, on which property taxes are based, are determined from market values. If the equalization board should re-assess values up or down, it would necessarily change the as sessments already set by Clyde Caldwell, county assessor. The board's authority supersedes that of the assessor. Properties surveyed by the tax commission include those on Main Street, South Sixth Street and oth er downtown areas. In order to study the survey- completely before acting, the equalization board has requested from the tax commission addition' al time to deliberate on assess ments. Originally, the board was to have changed or approved Cald well's assessments by this week end. It s new deadline will now be June 7. It can obtain another ex tension beyond that, if it desires. If after the board's action on a particular assessment, the prop erty owner feels he has been treat ed unfairly, he may appeal to the State Tax Commission. If the com mission upholds the county equali zation board, the owner may fur ther appeal to the circuit court By ELMER C. WALZER LPI Financial Editor NEW YORK (UPII-A leading Wall Street expert holds that we still are in a bull market and that it will last until 12 which in his reckoning would make if 20-year bull movement, the longest in history. That expert is Arthur Wiesen oerger, head of the stock ex change firm that bears his name He believes that one can re duce cash holdings now by pur chasing common stocks. Last July he recommended a 70 per cent invested, 30 per cent liquid position. Now he would cut the cash down by one third and buy more stocks. As Wiesenberger calculates the bull market, it started on April 28, 1942 when the Dow-Jones in dustrial average closed at 92.92. It hasn't gone down to anywhere near that level since, and hence the argument would seem to hold that the bull market still is in progress. Other calculations have brought out several bull and bear mar kets since that date and some of them say we currently are in a bear market. But most of the experts agree with his thesis on bull market phases: Every long Dull mantel com prises three phases: (1) recovery from the fear and panic ot the previous decline: z a tunner recovery ana extension ot siock prices, based upon solid business improvement and resultant earn ings and dividend expansion; and 3) a further great rise that feeds upon inflation and a con fident rosy view of the future. It is this last rise which sows the seeds for the subsequent inevita ble whirlwind. He sees no signs of this bull market ending. We date the beginning of this market at April 28, 1942," he says. "The 12 prior years wit nessed the precipitous decline from 1929 to 1932, then the series of bounces that came to rest in 1942, while the welfare State was conceived and brought through in fancy and adolescence." So far in this bull market he finds two phases the- period of 1942-1946 the first and the period 1949-1956 the second. The third "But whether they do or not," which he says is a period oi in flation and drastic . over-valuation based on wild, unrestrained im-l ajinings of the future, hasn't been seen yet. This third phase, he notes, rould be omitted but "history suggests that this will not be the case." This is a market in slow mo tion so there's no need for haste in buying securities, Wicsenber- uer says. He notes further that this market- may be somewhat vulnerable to reaction over the period imme diately ahead, and adds that if prices should come down a favor able opportunity to do some buy ing would occur. ne adds, "it seems the part of wisdom, in the light of all avail able evidence, to reduce reserves by about one-third over the next five or six weeks. This categorical statement on the bull market is the first of its kind to come in a long time. The general run of brokerage com ment has been cautious with most of the recommendations in defen sive issues. Some ot Die fund managers have said they were bearish on the market for the near term and Wiesenberger admits the market may have a bit of difficulty Wall Street generally is im pressed with the behavior of the market in recent weeks, noting that on each lightens and c picks up. reaction trading each rally it WARM IN RUSSIA MOSCOW (UPD-Soviet weatli er officials said today that Wednesday's noon temperature of 89 degrees in Moscow was the highest recorded mercury reading for this time of year in the past Cut Flowers For Decoration Day Mrs. Myers at Lsk ether e Gardens Narirrjr hat far Msiuarfftl Day Salt the finest mt rut flowers, inrludinr Ltllrs, flairs, Carnations, Peonies, Delphiniums. Dutch Iris, Lilacs, Snowballs. Baby Breath nd kinds if garden flowers. Char mini; bouquets made tip In attractive containers ready to Blare in cemetery at fS.50, it, OU and, II. 51) each. Order these frrthly rut flowers now and they will be picked seep fresh, ready for pick up lbursday or Friday. Grand Special!! Lilacs and Snowballs, $1.50 for larga Bunch LAKESHORE GARDENS NURSERY 879 Lakeihar Dr. Phono TU 4-42M Bus Hearing Set For June Fourth A hearing has been announced by the state public utility commis sioner for 9:30 a.m., Wednesday June 4. at the Lake County Court house, Lakeview, on a request by Red Ball Stase Line, Inc., Klam ath Falls, to use two-wheel trailer units in conjunction with passen ger bus operations between Mara aih Falls and Lakeview. .lohn K. Savre. local Red Ball agent, explains that during the Christmas mail season, its run to Lakeview leaving here at 3:15 n m. is sometimes overloaded, and the trailer is needed. This is all: right, unless there is a 'passenger which there rarely is. State rules prohibit the operation of motor vehicles transporting passengers "with any trailer or any other ve hicle attached thereto" without special authorization from the commissioner. So the request seems to have no earth-shaking implications, out Its granting will make Red Ball . hariDV to see a passenger even in the earlv morning hours of Christmas Eve. Mishap Injures Tulelake Youth A Tulelake man suffered pos sible chest and back injuries late Wednesday evening when the car he was driving sheared off a tele phone pole and then went over an enbankment on the Hill Road near Klamath Falls. Undergoing X-rays at Klamath Valley Hospital is Hector L. King. 22. Investigating state police said the King vehicle failed to make a turn in the road and that it skid ded 267 feet before striking the pole. It then traveled another 91 feet before coming to a rest. There were no passengers in the car. In another late Wednesday ac cident the car driven by Norma M. McCloud, of Beatty, skidded completely around in the highway just north of Klamath rails, in vestigating state police said the southbound vehicle attempted to pass another vehicle and skidded when attempting to avoid a head on collision' with a northbound ve hicle. There were no injuries. Local Group Plans Luncheon A no-host luncheon will be held Monday in the Wincma Hotel at which a board of directors to head the Klamath Falls Community Council will be elected by those attending. Purpose of the new organization will be to coordinate plans for hetter health, welfare and recrea tion services in this area. Also to be presented at the Mon day meeting is a report by the newly appointed Ways and Means Committee, recommending a con stitution, bylaws, and articles of incorporation for the new agency. Those attending will discuss and probably approve the suggested steps. Everyone interested in the new organization is urged to attend the meeting by Pati O'Connor temporary chairman. Reservations should be made by calling TU 2-5558 by Monday at 10 a.m. SCOUT NEWS Five Brownies of Troop 92 from Shasta School traded their beanies for Girl Scout pins and wings in a Fly-up Ceremony Friday, May 23, at the home of their troop leader, Mrs.l James Paxton. The girls, Mary Barnes, Patsy Sullivan, Melody Paxton, Sheryl Elder, and Nancy Risse, were wel comed into Troop 38 by troop leader, Mrs. Maurice Malme and Intermediate Girl Scouts, Judy Ward. Judy Hall, Paulette Malme, Cynthia Crane, Barbara uusn, and Beverly Silva. Special guests present for the ceremony were Mrs. William Ward, neighborhood chairman; Mrs. Ted Sullivan, neighborhood organizer; Mrs. Edward Brotherhood, execu tive director: Mrs. Raymond Banes and Mrs. Walter Risse. Following the ceremony, the girls served cupcakes, punch and coffee. REUNION MOUNT SHASTA Mr. and Mrs Arthur A. Orcutt will leave Fri day, May 30, for Chico where the following day they will attend a family reunion in Bidwell rarK. The event will also honor t h e twelfth birthday of their twin grandsons, Charles and Chester Knox, sons of Mr. and Mrs. Rob ert Knox, of Cedar Ridge, Cali fornia. FIRE The two-story dwelling of Louis Johns, 1102 Adams Street, burned to the ground Wednesday morning. The blaze caused, according to firemen, by a defective flue, was discovered too late. The city fire department reports the house was lost belore the trucks were called GEES R's tha balatwa of ingrediorita in baking powdor that gowns it laavoning action. Only when theaa ara tciantrlically balanced can you ba sura of uniform action in tha mixing bowl plus that final. kr balanead hta to light and Huffy T Balanced Doable Action means Better Baking! 1,1 DDrnV Homkaoatnf "Leave that ttuft alone ...here' a whole pot of SANTIAM BLUE LAKE STRINGLESS GREEN BEANS" FOR SALE Aster Plants 3 Dot. SI 207 E. Main Even cats agree BONNIE l Irrs... t? 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