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About Herald and news. (Klamath Falls, Or.) 1942-current | View Entire Issue (June 25, 1958)
hvEDXESDAY. JUNE 25. 1958 HERALD AND NEWS. KLAMATH FAIXS. OREGON PAGE 9 B Both Sides Have Figures To Worry The Opposition SACRAMENTO AP - Both! tides in California's campaign for overnor have come up with com pilations you might call Election Figures to Worry the Opposition With. Atty. Gen. Edmund' G. Brown's headquarters sent around a tabu lation using the results of the June 3 primary and some slide rules to play up the Democratic candidate's prowess as a vote getter. Examples: Brown received a plurality of (28,156 votes over Sen. William F. Knowland. Both candidates cross-filed, but each won only his own party nomination. Brown drew 85 per cent of the Democratic vote' and 24 per cent nl the Republican, or a total of 53.5 per cent. He topped Knowland in the two-party total in ot me J8 counties. The Knowland people were fully prepared. State Closes Banking Firm CONCORD, N. H. (AP)-The state today closed the nine-year- old Valley Trust Co. in suburban Penacook to protect depositors and prevent a run on the finan cially troubled bank. Gov. Dwinell described the ac- tion as New Hampshire's first bank failure in 20 years. State Bank Commissioner Win field J. Phillips said the small in stitution's commercial and sav ings departments had total assets Of $1,850,000 last June 30. None of the bank's deposits are insured. Phillips and his staff began an Inventory of the bank's current assets. The commissioner declined to comment on whether further court action is planned as he and mem bers of the attorney general's staff went into conference. A Superior Court order, request ed by Phillips, closed the bank and directed the commissioner to "retain possession thereof until it shall resume business or until its affairs shall finally be liquidat ed. . . ." The Valley Trust Co., which opened Aug. 17, 1949, had -1,246 accounts in its commercial de partment and 2,515 depositors in its savings department last June 30. The bank. Phillips said, "has ex tended large lines of credit dur ing the past several years to a comparatively few borrowers, some of whom have had serious financial difficulties. They could whip out figures out of the 1934 Merriam-Sinclair cam paign and, from a second sheet issued to campaign workers. "How Bill Knowland has changed the voting trend." Exhibit 1: Republican Gov. Frank F. Mer- riam, up for reelection, trailed Democrat Upton Sinclair by 976,' 224 in the combined two-party vote of the primary. But he defeated the controversial author-politician by 239.083 in November. Exhibit 2: In the 1946 primary, the oppo sitions' vote (there were five Dem ocratic candidates) outpolled Know land in his first Senate election by 369.692. He defeated the Democrat ic nominee, Will Rogers Jr., by 260,906. Brown's workup provides the in formation that he made his best Democratic showing in Alameda, Knowland's home county, with a Democratic vote of 89. a per cent. Alameda also gave him one of his highest Republican votes 29.5 per cent. Plumas shared highest Demo cratic honors with Alameda. It was in that northern mountain county that Brown, with the aid of a 36.8 per cent Republican vote. compiled his top two-party total of 73 per cent. The Brown tabulation makes the point that in all but two cases the Republican turnout proportionate ly exceeded the Democratic. The exceptions were the senator and attorney general contests, Going back over recent guber natorial primaries, the statement offers this comparison of the vote for Democratic candidates 1946, Robert W. Kenny, Demo cratic vote, 42.5 per cent; Repub lican. 8.3 per cent; total, 30.5. 1950, James Roosevelt, Demo cratic, 57, Republican 9.8, total 33.2. 1954 Richard P. Graves, Demo cratic, 55, Republican 11.5, total 34 Financier Yolfson Denies Wrongs In Stock Deal "Did you hear a hiccough?" Tokyo Seeks Missing Ship TOKYO (AP) The Japanese coast guard today ordered two patrol boats and a plane to begin searching the East China Sea for Hollywood actor-magician John Calvert and his yacht Thespian. The coast guard said it still didn't feci the 83-ton craft was overdue or necessarily in danger but was ordering the search be cause radio contact had not been made with the boat. The Thespian left Formosa for Fukuoka, Japan, June 16 with Calvert and four other Americans aboard. It was sighted once 150 miles southeast of Shanghai and 480 miles from Fukuoka. COMMUNISTS LIKE WESTERNS BERLIN (AP) Communist East Germany admitted Tuesday that only Western films are draw ing crowds into the state-owned movie houses. The party paper Das Volk complained that the sat ellite' country's cinemas are al ways jammed when a Western film is shown, no matter how bad it is, and always empty when a nussian movie is on the screen no matter how good it is. Taylor's Accounting Service Oppn 9 a.m. to 9 p.m. Monday thru Saturday 1958, v Brown, Democratic 85,1 Phone TU 2-2772 Republican. 24, total 58.5. SnLMHHBHBLMBLaLlLHHi Pilots Die in Air Mishap SAN BRUNO (API Three min utes after a helicopter took off from its base near San Francisco International Airport yester day afternoon, something went wrong and the rotor cratt ten, Killing the two veteran fliers aboard. The helicopter belonged to the Rick Helicopter Company, which said one of its pilots had taken off at 2:13 p.m. to check out another flier who had applied for a job. Cause of the crash was un determined. It occurred several hundred yards northwest of the airport terminal, near Bayshore Highway. Dead were Phillip Edwin Hein ley, 37, Hayward, who went to work for the Rick Company a month ago; and Paul Edward Shonkwiler, 22, of Fair Oaks (near Sacramento), the applicant. Both were veteran Marine Corps copter pilots. The Bell model copter was a dual controlled, float equipped, three passenger craft. Heinley and Shonkwiler were pinned in the wreckage when it suddenly crasn ed from low altitude. Heinley, a former Marine Corps major, had about 1200 nours try ing service Helicopters; Shonkwi ler 875 hours before his recent discharge. Cornice Falls Killing Woman DETROIT (AP) A woman win dow shopper was killed and two others were hurt in a rain of masonrv chunks from the col lapse of a seventh-story downtown building cornice yesterday. Rush hour crowds would have been neriled had the heavy sec tion of masonry fallen only a few minutes earlier. Crowds of other shoppers and homegoing sales ueonle had barely departed. An 18-foot section of cornice high on a Woodward Avenue building broke off. showering the sidewalk below with heavy pieces of cement. Rusted supporting rods were blamed. Mrs. Myrtle Taggart. 79. widow, was struck and killed. NUCLEAfc ARMS ARRIVE iVTUTPP PnlHiim (AP) Fnnr 90-lnn trailers of U.S. nucle ar equipment arrived Tuesday on the way to the Geneva interna tional atomic exhibition. The three trailers from Oak Ridge, Tenn.. nd one from Princeton Univer ity came in on a Norwegian Calvert was planning to make stage appearances in Japan. His manager said he feared the party had been captured by the Chinese Communists. He claimed the yacht should have arrived in Fukuoka last weekend. Japanese maritime au thorities calculate it is not due until this Friday. NEW YORK (AP) Financier Louis E. Wolfson denies any wrongdoing in connection with stock of the American Motors Corp. Wolfson. defendant in a civil court action brought here by the Securities and Exchange Commis sion, said in a statement from his Jacksonville. Fla., office: "Any charge or accusation of manipula tion or fraud by reason of any thing I have done is ridiculous and will be proved to be unjustified in due course." Wolfson added: "I have just re turned from a hospital, am now convalescing and for more than a week have had no personal par ticipation or knowledge of stock transactions affecting my inter ests." VISIT v FL'CHU, Japai. (AP)-Sixty ca dets from the U. S. Air Force Academy arrived at Tachikawa air base today for four-day visit. The cadets, on a tour of the Pa cifie, represent a third of the class of 1959 at the Colorado Springs Institution. Wolfson said he has not owned any American Motors stock for several weeks. He was temporarily restrained yesterday from further dealings in American Motors Corp. common stock. The SEC said the company was not involved in the case against Wolfson. Acting on a complaint by the SEC. Federal Judge Frederick VanPelt Bryan issued an order temporarily restraining the finan cier from further alleged viola tions of provisions of the Secu rities and Exchange Act of 1934. The SEC charged Wolfson had tried to manipulate the price of American Motors common stock through "fraud and deceit." Bryan also ordered Wolfson to how cause tomorrow why he should not be temporarily enjoined from continuing the alleged prac tices. Wolfson. 46, started with a Jack sonville, Fla., junkyard. His per sonal fortune now is estimated at close to 100 million dollars. Until recently he was said to be the largest stockholder in American Motors. The SEC said Wolfson or his agents caused statements to be published which depressed the price of American Motors com mon stock. In its complaint to the court the SEC said Wolfson indicated inlpany's stock. 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Thw were loaded on a riv r harge for the trip to Switier- land.
