SUNDAY. DECEMBER 28. 1958
HERALD AND NEWS. KLAMATH FALLS. OREGON
PAGE S A
Business News
By FLORENCE JENKINS
Bids will be opened at S p.m.
on Jan. S by the City Council of
Chiloquin at the Chiloquin City
Hall for construction necessary for
the completion of the Chiloquin
city sewage treatment plant . . .
work consists of installation of the
necessary piping, equipment, con
trols and other accessories re
quired to place in operation a
trickling filter and rotary clarifier
plus other incidental work neces
sary to complete the treatment
facilities . . . plans'and specifica
tions available at the Chiloquin
City Hall and from William L.
Wales, Jr., civil and structural
engineer 4512 Clinton Ave., Klam
ath Falls ... $25 deposit.
Cattlemen are approaching a
long period of high prosperity,
predicts the Kiplinger Agricultural
Letter ... it says the "cyclical
pattern of the industry will smooth
out . . . eliminating soaring beef
prices when production slumps fol
lowed by runaway production that
results in lowered prices of beef"
. . . optimists among cattlemen
think the strong demand for cat
tle by farmers wno feed and fatten
them for market may tend to curb
too rapid expansion of breeding
herds, thus stabilizing the industry,
the letter says.
Holiday greetings from the Frank
W. Johnson family of Klamath
Falls is a special enclosure on
legal size paper carrying a line
map of Oregon and California ,
printed across the top of the page
are the words: Here is your in
vitation to visit Oregon and the
Johnsons in '59 for the Oregon
Centennial celebration" ... the
California map is marked with
spots visited by the Johnsons in
1958 and the Oregon map desig
nates Portland (where the Exposi
ton and Trade Fair will be held)
. . . Salem (the capital and from
whence came Doris Johnson's ap
pointment to the Klamath County
Public Welfare Commission to
serve until 192 . . . also Crater
Lake, Diamond Lake, Mt. Thiel
son, Upper Klamath Lake and
Klamath Falls ... "Special pro
grams in every city," reads the
legend on the sheet, "The Oregon
Centennial Exposition and Interna
tional Trade Fair in Portland from
June 10 to Sept. 17" ... the
Invitation was mailed to friends
and relatives across the nation and
in Europe.
A 1000-pound per hour potato
chip cooker will be installed
Nalley's new potato chip plant at
Tigard, according to L. Evert Lan
don, president . . . the new cook
er, most modern in the industry,
will give Nalley's Oregon company
four times the capacity of the.
plant which burned on Aug. 6 at
Springfield. . . . Construction is
to start shortly after Jan. 1 on a
6'i-acre tract . . . cost expected
to run $350,000 and approximately
40 persons will be employed . . .
the building will be 30,000 square
feet with the manufacturing area
and potato storage room of "con
crete tilt-up construction with a
flat roof.
etc. . . . Matt is factory repre
sentative for white and buff lock
er wrap, costume jewelry, dog
supplies, garden tools and acces
sories, household and mechanic
tools, Badley and Del Rogue
Canning Co. products, M a 1 c o
aluminum foil and others. . . .
Were trying to slart out with
only the number of lines we can
teally handle," Matt said, "and
we'll take phone orders and de
liver."
0
flrant Cosgrove, who formerly
handled public relations for Ore
gon Tech here, has been named
chairman of the education com
mittee (Colleges) at Portland
by the Oregon Centennial Com
missioners director, Anthony
Hrandenthaler.
Carling Brewing Company has
purchased Heidelberg Brewing
Company of Tacoma. . . . Heidel
berg will be designated as a di
vision of Carling s Brewing Com
pany and that plant will continue
to produce under the Heidelberg
JaDel.
0
Blilz-Weinhard Company, now in
us nurd year, is the oldest brew
ery in the Pacific Northwest, and
was the first big company to start
promotion a year early for Ore
gon's 1959 Centennial . . . .
Ru Lund, marketing director for
Blitz-Weinhard at Portland, stated
that, up to the first of Decern
ber, his company had shipped
fi3.000 fir seedlings and more
than 90,000 "passports" through
out the United States to promote
uregon and the centennial. .
Blitz-Weinhard has chosen the
Herald and N'ewc at an tvor.
fising medium to carry on its fine
promotion and advertising pro
gram.
John M. Fulton, corporate rep
resentative in the Portland area
for Crown Zellerbach Corporation,
wan wnich (and its subsidiaries)
he has been associated since 1928
is new president of the Portland
Chamber of Commerce . . , new
treasurer is Jack Meier, vice
president and secretary of Meier
& iranK to., inc. . . . Robert M
Hall, vice president and Portland
manager of Blyth & Co., is new
secretary of the Portland cham
ber.
0
The Telephone Almanac has been
received from Thayne W. Cole
local manager of Pacific Tele
phone . . . reading from the back.
we find: . "The time used in the
sunrise and sunset table is local
civil time ... to change to stan
dard time, decrease the local civil
time by four minutes for each de
gree your station is east of the
standard meridian, or increase the
L.C.T. by four minutes for each
degree the station is west of the
standard meridian" ... it is a
very interesting book.
ALW
a;
w ) wa v- M
l ItJjLl l . hi".mm fawn im n nl uitt
A LOT OF ITEMS had to be sold to make a total of
Wall Street Sees Hope Of Capital Gains Dip
onated by .Norman Dutfy and Dick
Hicks of the two Market Baskets, Ninth and Pine, and
Shasta Way and Division, to the band of Klamath Union
High School. The amount was added to other money
raised to help finance the trip to the East - West
game at San Francisco for the between halves pageantry
in which the band participated Saturday. The management
donated from one cent to five cents on certain items of
food sold to help swell the travel fund. Norman Duffy,
right, presented the check to Andrew Loney Jr., music
director, Klamath Falls schools.
Dogs Receive Water 'Rights'
SAN JOSE, Calif. (AP) - Mac
and George, a couple of rich
mutts, are joining the ranks of
San Jose Water Works stockhold
ers. Mac is a part Irish terrier, part
everything else. He's 10. George
Family Search
Goes By Jeep
In Wind River
The National Foundation for In
fantile Paralysis, Inc., is now
known as The National Foundation
(supported by The M a r c h ' of
Dimes). . . . Walker J. Larsen
of Lansing. Mich., has been ap-
pointed state representative of The
National Foundation in Oregon, ac
cording to Basil O'Connor, presi
dent of the March ot Dimes organi
sation . . . Larsen will work with
the volunteers who make up the
membership of the 36 chapters in
Oregon . . . headquarters will con
tinue at 304 Park Bldg., 729 SW
Alder. Portland ... he succeeds
.lank W. Maior, who has been
transferred to Northern California
Retirement of T. Ray Conway
at Portland as manager of Oregon
State Motor Association and the
appointment of A. N. Weir, present
assistant manager, to succeed
him as head of the Oregon AAA
motor organization is announced,
effective Jan. 1. . . . Conway
joined AAA in 1927 in the public
relations department and became
manager in 1933. . . . Weir has
been with the association since
1939.
Westinghouse Laundromat Store
will open soon in the Town and
Country Shopping Center on So.
6th St.
"Our ability to take care of New
Year travel demand will be very
much aided by travelers making
arlv reservations and especially
purchasing tickets in advance of
departure time," was the state
ment made by K. u. MrnpamcK,
general sales manager of Western
Greyhound Lines, a division of The
Greyhound Corp,
Stan Miller of Crater Lake Ma
chinery Co., Klamath Falls, was
among the 500 Caterpillar dealers
from 125 dealerships in the U.S.
and Canada attending the Phoenix
sales conference at the Arizona
Proving Grounds of Caterpillar
Tractor Do., on Dec. g-12. . . key
top personnel from Caterpillar's
sales, promotion, engineering and
research departments headed the
conference.
PORTLAND, Ore. (AP) A
posse in search of the missing
Ken Martin family moved by eep
Saturday in the mountainous Wind
River country some 45 miles up
the Columbia River gorge from
Portland.
Men from sheriff's offices in
Clark County, Washington, and
Multnomah County, Oregon,
joined Bill Welsh of the U.S. For
est Service.
The posse planned' to comb
backwoods roads and check cliffs
which drop some 400 to 500 feet
from a winding mountain road
into the Wind River beneath.
-Sheriff Clarance McKay of
Clark County said the Martins
who bought gas the day they dis-
anneared at Cascade Locks, ore.,
could have crossed the Bridge of
the Gods there.
This would have taken them
across to the Washington side and
into 'the 'Wind River country
which Welsh said Martin knew
and visited several times. The
family vanished Dec. 7 after leav
ing home in search of a Christ
mas tree.
Mr. and Mrs. Martin were ac
companied by their three daugh
ers, Barbara, 14; Virginia, 13;
and Sue, 11.
The Wind ' River flows from a
lake in the mountains of South
western Washington and empties
into the Columbia just above
Cascade Locks.
is a four-year-old mostly cocker
spaniel.
Neither will ever have a worrv
as to where their next meal comes
Irom.
Their late master, Thomas F.
Shewbridge, directed in his will
that the profits from his $100,000
estate go to providing for his two
pais.
"I wish the dogs to have the
best of care," he wrote in a will
dated Feb. 26, 1958. The 50-year-old
childless widower died Dec.
11.
His will, filed for probate Fri
day, ordered all his assets, includ
ing a 17-acre valuable prune ranch
in nearby Campbell, turned Into
casn
He then said common shares of
water works stock should he
bought with all dividends going
ior me care 01 ine nogs.
ine stock closed Friday at $53.
it pays an annual dividend of
$2.40.
The American Trust Co., admin
istrator of the estate said it
will come to $80,000 after taxes
or 1,500 shares.
That'll mean better than $3,000
a year for Mac and George.
anewnnage put a 20-year maxi
mum on providing for the dogs,
Alter that period, the entire estate
is to go to any surviving legal
heirs.
By ELMER C. WALZER
I PI Financial Editor
NEW YORK (UPH-Wall Street
looked upon the remarks of Stock
Exchange President Keith Fun-
slon as a possible forerunner of
a drive to bring a reduction in
the capital gains tax.
Funston. speaking before the
Minneapolis Junior Chamber of
Commerce, said the stock market
mirrors a shortage of stock pres
ently available to meet investor
needs.
There presently are some five
billion shares lisled. valued at
SJ.V) billion. That's a lot of stock
hut it is a fact, as the experts
note, that the floating supply is
small too small for the market's
good.
Funston notes one can buy a
stock if he is willing to pay the
nrice, but when the supply
small he often must bid high for
his stock. And when he wants to
sell he also may encounter a thin
market which might bring a
sharp decline.
One reason for this shortage.
Funston explained, is the demand
evidenced by individuals and in
stitutions who have confidence in
the ability of the nation to grow
and who also want to hedge
against inflation.
He gave as another reason,
"our antiquated and totally un
realistic lax laws, particularly
the capital gains levy." These
laws, he said, "have caused in
vestors to lock up billions of dol
lars of stock, rather than pay the
whopping capital gains tax pen
alty levelled against successful
investments."
He would reduce the holding
period for long-term capital gains
from six months to three months
and cut the "penalty on success
ful investing" from a top of 25
per cent to Wi per cent.
Last session of Congress saw a
hill introduced along these lines
by Earl Wilson (R-Indl. He had
planned to reintroduce the bill in
the 86th Congress provided a con
templated survey would show the
Treasury would gain rather than
lose revenue by the legislation
tie was defeated in the recent
election.
Now James B. Utt (R-Calif)
stands ready to introduce a sim
ilar bill. He recently made that
known lo William Jaikman, pres
ident of the Investors League
which has been working for such
legislation for a long time.
I personally am firmly in fa
vor of the ohjectives of this lecis-
lation and will personally intro
duce it in the 8fith Congress."
Utt said.
The hill as drawn up by iVilson
provided that the revenue com
ing from the capital gains taxes
he applied to reduction of the na
tional debt. It is believed Utt will
make a s'milar provision in the
bill he presents.
runston also favored an option
in the lax law that would permit
an investor to sell a stock in
which he has a long-term, capital
gain without incurring an imme
diate tax. if he fully reinvests
the proceeds in a single stock in
vestment within 30 days.
He also favored modification of
the double tax on dividends. He
woiild free the first $100 of divi
dends from taxation rather than
as at present and raise the
dividend tax credit from 4 per for the purpose of saving and ln
rent to 10 per cent-and eventual- vesting in the companies that pro
u er T"". . duce ,nese Products," he saiif
,,c iiiuiimru diMi nidi n la
vored use of more credit for
stork market purposes.
"We happily encourage people
to borrow in order to buy 90 per
cent for a house, up to 75 per
cent for an automobile. 100 per
cent for a washing machine hul
we
virtually prohibit borrowing
Chas. J. Cizek
TAILOR
Suitt t Slacks Mad M Order
Perfect Fit Guaranteed
119 SOUTH 7th
The jet age of commercial air
line travel came in with a whoosh
for Esso Standard Oil Co ... it
has ' been awarded the largest
fuel contract in commercial avia
tion history under which the com
pany will supply the fuel require
ments of American Airlines' new
jet fleet at eight major airports
on the East Coast , . , according
to the statement just received
from Standard Oil Co., Inc., of
New Jersey.
Work will slart on Monday. Jan.
6, on construction of extensions to
the sanitary sewer system tor
East Chiloquin . . . work will be
done by Jeske Bros., 1870 Pacific
Hiehwav 99 N.. Eugene . . . field
work has been completed by Wll
Ham L. Wales, Jr., 4512 Clinton
Ave., Klamath Falls, civil and
structural engineer, for extension
nf canitarv sewer svstem for West
Chiloquin and it is hoped that bids
can be invited for this work prior
to the anticipated Feb. 5 comple
tion date for the East Chiloquin
work . . . completion of the Chilo
quin city sewage treatment plant
is necessary before the East and
West Chiloquin sanitary ' sewer
system extensions can be put into
operation.
Mr. and Mr. Ceril B. Matt will
Hart their own wholesale grocery
business, Crown Wholesale Gro
cery Co., Mil Owens St., on Jan. 1
. . . lines to be carried at the
warehouse will include Libby's
canned foods, brooms, Wells La
mont Gloves, ostrich feather dust
ers. Guest Ranch toilet tissue.
M D Paper napkins. Presto Log
profit meters, sweeping compound.
Concord chunk tuna, dust, deck,
polish and sponge mops, Avalon
brand flake tuna. Dial Hotel soap.
Major health problem In Alaska
is tuberculosis, but public health
services are getting it under con
trol.
Leads Heart
Fund Drive
Adding Machines - Calculators
FOR SALE - RENTAL - LEASE
Factory TRAINED Service Technician
CLIFFORD C. VOIGHT, Mgr.
Friden Agency
KLAMATH FALLS MEDFORO
Phone 4-3716 41 So. Grape, Ph. SP 2-4100
BANK DEBITS DOWN
Total bank debits in the Klam
ath Falls area for November were
down 10.7 per cent from October,
but up 5.2 per cent from last No
vember, according to the bureau
of business research at the Uni
versity of Oregon. The bureau col
lects reports of debits from all
over the state. The November to
tal for five banks in Klamath and
Lake counties wai $39,911,013.
Total debits for the state in No
vember, according to reports from
167 banks, were $1,806,370,812,
down 7.0 per cent from October
and up 5.8 per cent from Novcm
her last year.
F. C. Murray, Klamath Falls
attorney, has accepted the appoint
ment of Klamath County chairman
for the 1959 Heart Fund campaign
of the Oregon Heart Association.
Announcement of the appointment
was made by Eddie Mays, Port
land, state chairman. The success-
ful 1958 campaign was headed by
Bob Mason, operations otticer, u.a
National Bank, Town and Country
Branch. . .
The camoaien will be held dur
ing the month of February, and
will be climaxed on February 22
when thousands of volunteers over
the nation will stage a door-to-door
Heart Sunday campaign.
Murray and other county chair
men from throughout the state will
attend a pre - campaign meeting
January 17 at the university oi
Oregon Medical School, Portland,
where they will learn first - hand
how Heart Fund money is spent tor
research and education.
A BIG BANG
SANTIAGO. Chile (UPI) A
child set off a firecracker in the
town of Lonchoche to celebrate
Christmas Thursday and burned
down the town hall.
Fully Automatic Cleaner
ELECTROLUX"
raclorr-AalhnrlioS ! a.rTta.
TARKEL TWEET
h. 4-7167 25S0 White St
POLICE WANT RAISE
PORTLAND (AP) Police here
asked the City Council Friday for
a $16 a month raise as of the
first of the year. The city's fire
men previously asked a similar
increase.
Dependable Coverage
MAYFLOWER
AUTO INSURANCE
Rfminnahl Rfttti
VERN W. IMLEY
nm rrio tn. wwa.
nfflc. Phoo l-MM SUM h
T.V. SALE
NEW & USED
Drastic Reductions
NEW
ZENITH & DUMONT TV
USED
ALL MODELS RECONDITIONED
30 DAY GUARANTEE
J. W. KERNS
734 So. 6th
YOUR 1959 CALENDAR
NOW AVAILABLE
1 TfclX - it'.
FKWn-. A
-'i eft
2
This iportsman con portrayed in foil color
on Columbian Optical Compani 1959 Cel
ndir will make beautiful framed picture
for your home. Ask for your FREE Clair
Fry "Old Timer" calendar todayl
COLUMBIAN OPTICAL CO.
730 Mil Stmt Ph. TU 4-7121
We Give '-i'C Green Stampi
NEWBERRY'S
l!
mi 1 1 'i;
V V u www
Urn
Hundreds of Items On Sale At Close
Out Prices. Just a Few Listed Below
-
Men's Broadcloth Shorts, Reg. 59c 2 pr. 88c
Girls' Slips, sizes 6-12 1.27
Girls' Nylon Dresses, Reg. 3.98 2.47
Boys' Flannel Jeans, broken sizes, reg. 2.39 1.19
Head Squares 77c
Ladies' 60 Wool - 40 Rayon Gloves 77c
Jewelry Special - 2 for 88c
Household Rubber Gloves 37c
9-12 Rugs, reg 39.95, save 10.00 29.95
22c
37c
4.77
99c
77c
Textan Insoles, reg. 29c
Paper Napkins, 250 count, reg. 49c
Blue Mist Dinnerware, 16-pc. set
26 Qt. Jumbo Copper Waste Basket v
Lanolin Plus Toiletries, Reg. 1.00
Odds & Ends Children's Oxfords, reg. 2.98 2.77
Mi
WASH-WEAR PRINT COTTON
44c
36" wide in wnonderful deep tones,
foshion-frtsh designs. Need hardly
any ironing! Vol. to 1.29. yard
RICH PINWALE CORDUROY
Solid colors mimic precious stone shades! A
superb cotton corduroy for J mfc
innrttujanr hnme riarrirnt inn ik M
....
36-INCH COTTON FLANNEL
Soft and colorfast . . . perfect for children'
wear. In solid colors: white, VflA
pink, blue, moize, lima. J I I
Reg. 39c. yard '
NIGHTTIME FLANNELETTES
37
Cozy, 36-Inch cotton flannel In sleep-time
prints for the whole family,
Yerd
36" PRINTED CORDUROYS
66'
Velvety cotton corduroy In brilliant
plaids, flower effects and elegant
stripes! Regularly 99c. Yard ....
SUEDE FLANNEL
Extro fine suede flannels
in beauitful patterns ond
plaids. Yerd
37
Cotton Print
Remnants
Clotaout
825 Main ,
O People Read
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