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About Herald and news. (Klamath Falls, Or.) 1942-current | View Entire Issue (Nov. 24, 1958)
rAC-lC 4 A HERALD AN'D NEWS. KLAMATH FALLS. OREGON MONDAY. NOVE.MRER 24. lasa 6 (J? ,lvLj tt'l ki hi f J 4 TH li HI M M. ' Receipts Told Democrats, Republicans Rv Fnmctar wnoose Moor Leaders "I nominate Helen Johnson for treasurer because she'd mess up the books least of any of us!" Rights Of Stockholder Not All It Seems To Be By la.MI'R C. W.M.ZKR Ho can demand lhat a quorum LTI Financial Kdilnr of .stockholders be present or rep- NI-'W YORK UPI With resented. slocks in bi demand by Ihc little He can demand the right to fellows who make the bis mnr-lspcak (within reason) at anv LAKEVIKW Clayton Weaver, supervisor of Fremont National Forest, reports lhat the Fremont portion of ri-oss national lorest receipts from V.m to prill, inclu sive, amount to approximately "30.tiS2.700. proportionately shared by Lake and Klamath counties. The approximate gross receipts lor Region li ol the torcst serv ice during that period were tion.ooo lor Oregon and SU'UlK), uoo for Washin;ton. By law, 25 per cent of the forest receipts is turned over to the counties where the forests are lo cated, to be used for public chools and roads. In addition, in per cent of such income in each state is used for roads and trails within the forests, to open up the forests lor public use. harvesting of resources and better protection Irom tire. The above figures were leased in connection with Ihc an nouncement by Secretary of Ag riculture Benson that the billionth dollar in national forest receipts was deposited in the federal treas ury on November 21. SALEM AP-Democrats and Republicans Sunday chose their lloor leaders for the I'm Oregon Legislature that will convene in January As leaders of both parties met here, they were told that their legislative responsibilities will be keen. Gov. -elect Mark Hatfield said that if the Republican minor ities in the House and Senate con duct themselves in the right wavs the GOP can have majorities in VMI. Democrats were told thev mini develop executive leadership, and create sound programs. Democrats, who hold a 19-11 Sen ate edge, elected Sen. Walter l earson of Portland the new Sen ale president. The new speaker of the House is Hep. Robert Duncan, a crew cut, 37-year-old blond Democrat Irom Medford. The Democrats have a 33-27 majority in the House. Republicans chose Sen. Anthony Yturri of Ontario their leader in the Senate. The GOP minority leaner in the house will be Rep. Pass kels, the cry goes up all over the nation: I am a stockholder. I , am an owner of the corporation." Theoretically he who shouts lhat is right. The common stock represents ownership of a corpo ration. Bonds represent debt and the bondholders must remain mum unless (here's a dclault and then they take over. But what are the lights of the stockholder? Do they resemble those ol a citizen who says, "I am tne government. I here is a resemblance in the rights of the stockholder and of Ihc citizen Each has voting rights. Neither is like the king who said. I am I lie slate. In the case of listed companies none can say. "1 am Ihc company." The magazine Business Week holds Hint Ihe rights of the stock holder fall far shorter than one imagines. liven determining what these rights are is a tricky job. says Ihe magazine, explaining liie rights come from several sources stale law, Ihe company's in corporation certificate and bylaws and Securities & Exchange Com mission and slock exchange rules. In addition to the riuht to at tend meetings ol stockholders and to vote for directors and oilier Hems put up for slockholder vole, the shareowner can do a few other things. lie can demand an annual meeting if for some reason (he company fails to hold one. And in certain situations he can de mand a special meeting. But fays Business Week, "be nrc pared to back up this demand Willi a law suit. Other things Ihe slockholder can do include, according to the publication: He can demand to he notified in advance of a meeting (usually in to 40 davs'. meeting. "One warning though," says Business Week. "You may nave nciiis, but the board chair man has lots of latitude on run ning the meeting and there are cases where stockholders' re quests io speak were never recognized." The stockholder, if he cannot attend a meeting, has the right to he represented by another called a proxy. Ihe amount and lype of infor- malion a stockholder can force a company to give him arc much debated topics, it is noted A slockholder may demand the right to inspect the stockholder list, but he probably will have to go to court to show his purpose is consistent with company wel- tare. A stockholder cannot get the corporate information given a bank to ohlnin a loan. You cannot lorce the company to mail vou ihe annual report, hut the New lork block Exchange can and does. What about protection from the Securities and Exchange Com mission? Here, loo." says Business Week, "there's a wide misconcep tion among mvcitois. Generally no protection is afforded except in cases of companies listed on an exchange and even then, pro tection is limned. True. SEC requires listed com panies to disclose much informa tion. But as a practical matter. Ihe individual stockholder must carry Ihe hall through his voting rights, or in extreme cases to Ihe courts." Corporations, incidentally, aren't too tough on stockholder de mands. They are veering to his side as a mailer of good public eianons policy. But here the move is gratuiluoiis. The stock holder rights still are limited Girl Scouts Attend Meet Six Klamalh Area Senior Cir! Scouts were present Novem ber 22-23 at the Coonrod Ranch in Montague to take part in their first primitive camp training lo qualify for the IMH International Senior Girl Scout Roundup to be held in Colorado Springs from July 3 to July 12. PRO. Karen Ralston, Fay Brannon, and Kaylccn Johnson of Henley, Joanne Merrilt of Klamath Falls. Sheila Dron of Rend and Gretchen Kanitz of Tulelake arc training during Ihe next lew months with eight other selected Senior Girl Scouts from the Rogue River Val ley and Lakevicw councils. These girls will take part in four training sessions during the next eight months learning to work together in selling up an indepen dent unit under primitive condi (ions. Qualified expert leaders arc training the girls, and following Ihe training sessions will select two of the Klamath Area girls to at tend Ihe international roundup. Two Klamath Area girls will also he selected as alternates and will be awarded a special trip if they do not attend the roundup. This will be the first internation al gathering in which Klamath Area Girl Scouts have taken part. These Girl Scouts will work to gether sharing music, language, camp skills, games, folk dances, arts and crafts and typical home Inoris in the spirit of internation al friendship. I Robert Ellslrom of Salem. Rep. I we campaigned Fayette Bristol of Grants will be the GOP whip. Democratic Gov. Robert Holmes was out of the slate to allend a governors' conference in Hawaii, so Rep. Pat Dooley ol Portland delivered the main ad dress al a caucus dinner. Dooley said the Democrats face great responsibilities, because they now control both houses for the first time in 70 years. "The governor will represent minority leadership. You will be devoid of executive leadership You must develop leadership in your own ranks. That will add to your burden, not detract," Dooley said. "Your difficulties are magnified by the fact that you are the res ponsible majority, and must come out with your own leadership and your own program, he said At another dinner, Hatfield told Republicans: ' If a responsible record is writ ten as a minority parly in PI53. we can have a respectable major ity in PJHO. Our first responsibility is lo carry out the promises on which Top Republican Figures Seem To Reach Agreement Two Basin Pupils Given Honors Mary Luce and Mary Ann Ellis two Klamath Falls students al Cm tral Washington College of Kduia lion at Ellensburg. Washington have been selected for listings in the student publication, "Who s Who Among Students in American Colleges and Universities." 'the honor of being chosen for listing in the all-college and uni versity book is based on scholar ship, activities, personality and leadership. Miss Luce, a senior, is the daughter of Mr. and Mrs. Tom Brown. Her activities include Kap pa Delta Pi, education honorary society: Sigma Mu, music honor ary: and Central Singers. Mrs. Ellis, daughter of Mr. and Mrs. S. Munson. is also a senior. Her campus activities have been band. Central Singers and Student Government Association Council. Oregon Weather By THE ASSOCIATED PRESS Max. Mln. Prep. Raker Bend Eugene Newport North Bend Pendleton Portland Airp't Redmond WASHINGTON (API President Nixon and Nelson A Rockefeller apparently have reached an understanding to avoid stepping on each other's political toes until 11)60. A weekend conference here be tween the vice president and the Republican governor-elect of New ork produced an informal agree ment pointed publicly at coopera tion between them in rebuilding Ihe GOP Irom its heavy election this year. Rockefeller endorsed a thesis Nixon first advanced in October lhat the parly will be best served if it develops a number of men of national stature as possible presidential nominees for 19W). While Nixon makes no secret that he wants lhat nomination. Rockefeller said he is interested only in doing a good job as gov ernor of New York. Asked if this wasn't Ihc best way lo run for president, Rockefeller only nnned. Rockefeller's statement lhat he intends lo confine his activities lo New York was taken as as surance he will not personally in terfere in the spade work Nixon's supporters are engaged in elsewhere. Nixon, on the other hand, ob viously is not going to intrude, in New York, where Rockefeller is expected to have control of the largest of the stale delegations to Vice. the convention two years from now. It also seems implicit in the un derstanding between the two men lhat Rockefeller will not lend his support lo any stop-Nixon move such as Harold E. Stasscn is try ing to get off the ground. Stassen. a former aide to Presi dent Eisenhower, pointedly omit ted Nixon's name and included Rockefellers in a personal listin; of possible candidates for the WHO GOP nomination. In response to a question. Rock cicucr said n seemed so obvious Nixon s name belongs on anv list of prospects "that it hardly needs my comment to reassure him. Stassen tried without success to dump Nixon from the GOP na lional ticket in lilfiti. Officials of the Republican National Commit tee said slight reaction the com mittee has received so far as a result of Slassen's latest move in dicates lo them he will have trou ble getting anywhere with it. Sen. Barry Goldwatcr (R-Arizi. who won reelection this month in the face of a national Democratic sweep, said Nixon is "my candi date" now for the presidential nomination. Goldwatcr said in a radio-TV interview that Rockefeller should receive consideration in IflfiO if he does a good job as governor and, as Goldwatcr put it, doesn't "take up Ihe radical cry of the Demo crats." , Northwest Power Shortage Should Ease In 10 Years PORTLAND (API The Pacific Northwest's chronic shortage of eirciric power should be less sen ous in Ihe next Id years. William A. Pearl. Bonneville Power ad ministrator, said recently. In his annual advance planning report, Pearl said new generation neing installed in Ihc Columbia River system plus a cutback in estimated demand brightens the outlook. II the Columbia River's flow is average, Bonneville will he able to meet all turn load demands, he West Accepting German Request BONN, Germany I AIM Wesl Germany's plea for a lough policy toward the Soviet I'nion on Berlin is saining acceptance by the West sources said today. They said thai ihe cowinnicni of Chancellor Knnrad Adenauer is more than ever convinced it is necessary to gel tou;h to counter nirratrned moves against Ihe lour power status of Berlin. mlormants last week said Bonn toifl the Allies they should be pre Pared to go in with tanks and lighter planes il necessary to pie scive inrir ritms to tree access to Pcilm across the mi intervening miles of Coiiiiniinisi iuled lerri- 101 v. HAH M ll.YS SEATTLE .Al" Basil Ed iminds. Garibaldi, (he. received first and second clrjrce burns when his iti-font fishing vessel ex ploded off Ihe Oregon Coast Fri day. The accident wa- reported hy Coast Guard headquarters here. Cause of the explosion was not known IN.lt lilt s M I I LHKl) THE DALLES i.p Bettv Joan Cousins, aj. Mosier. died here Sunday ol injuries suflercd in a traffic accident. Police said the woman was thrown out ol her ,.ir when the vehicle veered oil .1 ,,,, ;m, overturned near lu-u- Saunrisy. Mrs. Taylor dud Inie Frid'av al Ihe age of 1 1 she is survived by a daughter. Mu Ethel Lewi said, and in additional displace some steam power generated at non-federal plants. Even under the worst probable condilions Ihe firm needs of preference customers can be met, he said Pearl credited Ihe scheduling of Jonn Day Dam, a federal project, and accelerated work on Priest Rapids Dam, a non-federal oroi eel. with giving assurance of meeting coming needs He was less optimistic in dis cussing imancing. I lie Bonneville system operated in Ihe red in liscal ln.in and mm do so again, he said. Whether thai means that rales must he in creased is still to be determined. he added. Bonneville's base rale is 117.50 a kilowatt year and lias been since the administration first started business 20 years ago. It has been predicted that al a series of meet ings planned with customers next week. Ihe need for a rale increase will be discussed. If the rate is boosted, the first date it can be effective is Dec. 20. I'l.iO, when the present five-year agreement expires. The report says that all installa tions now under construction in the region will he in operation by Ihe end of the coming 10-year period. These will give the Colum bia River power system an install ed capacity of 7.818.(550 kilowatts compared with S.3.14.000 now. Looking larlher into Ihe lulure. a regional load of l7,S00.nm) kilo walls is in prospect hy 1970. Pearl said. Playing a major role m Better To Know Santa Than Cop When You're 5 NUERNBERG, Germany (UPD Santa Clans is better than a policeman any time, especially when you're five years old and lost. Police know this for they have children of their own. A friendly policeman found 5 year - old M a n u e 1 a roaming through the busy center of Nuern berg and took her lo Ihe station house. But Manuela couldn't re member her last name or her address. She looked around the station then and saw a telephone and asked if she could call Santa Clans whom she had just seen standing in front of a department store. Sure, said the cop, and he called another policeman in the next room. What would you like lor Christmas? he asked,, and Manuela told him. ..a doll, a tea set, doll clothes... And which chimney should the presents he brought down? The Santa Clans cop asked. Manuela's memory returned. She gave her parents names, the street address and a description of the house. The police called her parents and gave them Manuela and the Christmas list. Police Hold Klamath Man On Check Forgery Charge 47 32 52 37 53 4S 50 32 44 40 T 52 45 .111 53 49 T 54 43 47 45 T 53 39- 53 40 53 48 .01 I r , I -v fcJJW vSJ sit. 'J VI 1 r. ;i . Li- ' fit Bar Salem Western Oregon Partly cloudy tonight with scattered showers: increasing cloudiness Tuesday with rain beginning in afternoon; slightly cooler. Highs 44-54; low tonight 34-40 except possibly 32 in north portion. Coastal winds north westerly in north, southwesterly in south, 10-20 m.p.h., tonight, be coming generally southeasterly, 18-28 m.p.h.. Tuesday afternoon". Eastern Oregon Partly cloudy with a few showers in north por tion through Tuesday: patches of clouds or log in vallcvs. Highs 44 54; low tonight 22-30 in south. 30 38 in north. Local gusty winds tonight. Northern Oregon beaches Showery tonight with patchy fog in mornine: mostly elnuHv T,mc. day with a few showers arid some sunshine. Beach winds southwest erly to westerly, 10-20 m.p.h. Temperature range 38-48. ui ants Pass and vicinity Partial clearing and cooler tn. night: morning fog: increasing cloudiness Tuesday with rain hv night. Highs 43-48: low Inninh't 38-43. Baker-La Grande area Mncl lv cloudy with a few showers anH cooler tonight: partial clearing. with a few snow (lurries ana colder Tuesday. Low tonight 28- m, men ruesoav 38-43. FUNERAL SERVICES for Mrs. William Ivan (Bonita) Kesterson, who died follow, ing a lingering illness on November 20, will be held at 1:30 p.m. Tuesday, No vember 25, from the First Methodist Church. Dr. Dal las McNeil will officiate. Concluding services with vault entombment will fol low in Klamath Memorial Park. Ward's Klamath Fu neral Home is in charge of arrangements. HOSPITAL DISCLOSES BIRTH LOS ANGELES lUPD-L'CLA Medical Center officials have con firmed that a 12-year-old girl gave birlh there to an 8-pound, B-ouncc son. The hospital earlier said it could find no record of the birth, but officials said Fri day that the girl, who will he 13 next February, gave normal birth there Monday. The girl's name was not disclosed. Bank Suspect Hearing Set Freddie Lee Connor, 24-year-old Negro woman arrested Friday in connection with the armed rob. bery of the Mount Shasta Bank on November 13, will be taken to Redding Tuesday. She will be arraigned before ih U.S. commissioner in Redding and enter a plea to the charge of hant robbery. She will be advised ol her legal rights and the amount of bail will be set. Arrested by members of I h FBI and authorities from Mount Shasta. Weed and the California Highway Patrol at the home nl iher foster parents in Weed, the voman is currently being held in ine aishiyuu vouoiy jail in i reka.' Trial for the robbery suspect will be in Ihe federal district court in Sacramento. Officers reported thai none ol Ihe S2.219 taken in the robbery has been recovered and the sus pect maintains her innocence of the crime. However, Mrs. Connor was re. ported to have been in Mount Shasta at the time of the robbery, wearing clolhes which fit the de. scription given by Ihe bank teller, Helen Walden. The woman was first picked im' for questioning on (he evening lot-. lowing the robbery and released, but kept under surveillance. Ad. dilional evidence was uncovered by officers late last week whicbijed to Ihe arrest. I LAY-AWAY NOW J The ncrfrrt GIFT ? J Knr (hit prrfpet Snmfont J A BEAl'TIFI'L BL'LOVA t i WATCH J Dule Tapper .lwelfm J I IA S. 8th S A 30-year-old Klamath Falls man was held as a suspect on a charge of obtaining money after false pretenses Friday, after he allegedly admitted forging a check gation, which was interested in the case because the check involved an out-of-state bank. Police report that Nolte soon admitted that the check had been ne piesemeo or payment al tnejprinted in Klamath Falls and lhat .- ,diiunai nan oi urcgon,the signature was a forgery. Police were called lo Ihe Sixth and Main streets branch of the bank Friday afternoon, while Earl Nolle, 617 Adams Street, was re portedly attempting to pass a $244.51 "payroll check." drawn on a Cleveland, Ohio, bank by Ihe Revere Chemical Company of that city. Nolte consented to' come to city police headquarters to discuss the matter, according to police, and he was questioned there by Lt. Dennis Lilly and a representative of the Federal Bureau of Investi- handling this will be Bonneville's !nrT 0( Evaluation Data Sent By School LAKEVIEW A compilation of material by the faculty of the Lakevicw High School has been made and was sent to Ihe Slate Department of Education as pre paralory work toward an evalua lion of the high school, accord ing to Delbert Milholland. pnn- ipal. The results of many hours of work done hy Ihe faculty will be determined hy a rejwrl of a com mittee of 18 specialists lo be here December 8 to 11 to go over the material and present a report lo the local board of education. This "Evaluative Criteria must be established before a new high school may open, mil is also rec ommended within periods of ev ery 10 or 15 years for schools already accredited, as Ihe Lake view school has been for a num- Iransmission lines, handling both lefleral and non-federal power. It in take, he said, an additional 000 miles of lines In carry this load from ihe many producing points in the region lo the local consuming areas. years. GREASES (il'N.MA.V The learn of specialists will be headed by Clyde Martin, super visor of secondary education for the state group. Negro Nations Planning Merger ACCRA. Ghana (API The premiers ol Guinea and Ghana. Africa's two newest Negro nations, have agreed to merge their coun tries as the first step toward a union ol west African states. Ihe agreement by Premiers Kwame Nkrumah of Ghana and Sekou Toure of Guinea is subject to ratification hy their national assemblies. Other West African stales were invited to join Ihe union. The iiKciicst prospect appeared lo be Nigeria, which Ihc British have agreed lo make independent Oct. 1, 19WI. PAKISTAN IS RECIPIENT McCLOt'D Tape-slide units pre pared hy Siskiyou County Elemen tary School students and teachers have been favorably received by East Pakistan and West Pakistan schools and administrators, accord ing lo Dr. Katherine Dresden, as sociate ptOlessor Of cduc.ilmn Chico State College. Dr. Dresden conducted a class in eurrienlm development at Grenada the sum mer ol 1:1.16. After seciiiB the tune- slide units, she purchased three ets. sending one lo East and Wesl Pakistan Money for the purchase ol the units w as donated by coun ty service clubs to whom she had lectured on Pakislan. The experi ment proved siiccesstul in proniot- I They report that he at first at tempted lo name an accomplice, but that he later admitted full responsibly and produced four other similar checks, varying in value from $112.34 to $14ti.8() which he was carrying on his per son. Police later found four pads of blank checks "personalized" in the name of the Revere Chemical Company and similar to the other five checks, in a car parked on Main Street. Police said the car belonged to an acquaintance of Nolte's. who was entirely unaware ot his alleged activities. The five checks lhat were made out had been filled in by type writer, the sums being printed with a check protector. Police say Nolte had been able to give Ibis authentic touch to his work during a visit to a local business ma chine concern. He reportedly visited the firm's showroom expressing an interest in buying a check protector, which he was. permitted to experiment with: his experimentation con sisted in printing five checks. He filled in the dates and the pay ees name ( his owni on a type writer which he was also per mitted tn examine in the same showroom. Nolte, along with Frank N. Addison, 928 Mamalh Avenue, was also being held as a suspect on a charge of burglary, not in a dwell ing, in connection with .the Octo ber 31 robbery of $700 worth of merchandise from the J. W. Kerns Implement Company on South Sixth Street. The two men were in city jail Monday morning. OREGON TAX CONFERENCE Several Klamath Falls area nrar. lilioners attended the annual Ore. con Tax Conference in Portland Friday and Saturday. Those at tending were Walter H. Fleet Fredric Lavvson, W. J. Owsley and Margaret S. Wherland. Mrs. Ows ley accompanied the ernnn Fed. oral and state problems confront ing typical small and medium sized businesses were discussed by a panel of eight tax authorities. The conference was sponsored by the Oregon Association of Public Accountants. selection Mf JL low prices I MATERNITY FASHIONS A fine at very VIOLINIST SELECTED Patricia Isensee, daughter of Mr. and Mrs. E. D. Isensee, 79 Wash ington Street, has been selected as a member of the orchestra at Pacific Lutheran College. Park land, near Tacoma. Washington. Patricia is a violinist. The orches tra played (or Ihc Reformation Festival al Seattle in November and will he featured in Ihe Christ-; mas Concert al Ihe college on Sun day. Dcremher 14. the local winner ol the "I Sneak BIRMINGHAM, England (LPIi'For Democracy'' contest which "service station attendant Hor ace Brown. 37, used nil lo loll a holdup man Saturday night. When a customer pulled a gun and demanded money, Brown let him have it with the only weapon al hand, r.n ml squlrler. ii'ig good international relations with SPEECH WINNER Pakistan. Dr. Dresden worked in LAKEVIEW Susan Julior. Pakislan during 1954 195l under daughter of the Rev. and Mrs. ,a grant Irom the I'nitcd States C. Wayne Julior of Lakevicw. was I Education Foundation. Ill' said Ihc gunman tired three blank shols and lied In panic and M tul nwl 1c rfd raiihCBl was sponsored ny me American Broadcasters' Association. The program closed November 15. Two other Lakevicw High School girls. Nina Evans and Carole KcKo. n were M.-irtii'ii-ianl c in tlm contest S'isans sjieech will hoi IkTH i. a.kminr inon-.riji Pom taped by Ihe Lakevicw radio sta- .no1 ,.our . Clue" ,'rii oticr- ttn- lion and entered in stale hs " " " "":ith u .n, 1 - I' vv do FALSE TEETH Rock, Slide or Slip? f A8TKETH, n improved powder to t vprinklM) en upper or lower plt, hold ful twth mor Armlt In place. i-v iiv uniir, or nirn no (lllTmT, Pmre Announcing Thr corrcctmn of Homorrhni(is XiMutoi - Fissure Pntiru-uon and nther Rectal Disorders - Withmit Hospital Pprratinn. t. r. hh vims, vn nr. Practice of Proclnlop' 1144 Center St., vt - Salem, Or Santa Says "Wakeup" It's Lay-Away Time Free Alarm With Every Lay-Away! Yes, to help you "wake up," we're adding an extra qift when you put any item on lay- away, i-or example you can lay-away any or rneie wotcnei, or any other item in our store and get the alarm clock ab solutely free. Use it as an extra girr or Keep ir yourseir. Stop in soon and lay-away your gifts. nl iov'!" """a w Vjf ' 11$ SENATOR EjO ! mPak v i BU10VA-23" I SLk J !'-'" ! -SJ 5 JiY 1 Jt 'twill, P PTZSM IIMH, MI-.ln.Mf. ! I $4950 I 1 j"'ll. 3 Downtown and Town & CoTntTT-J S" 1 700 Main St. Ph.TU 4-3151
