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About Herald and news. (Klamath Falls, Or.) 1942-current | View Entire Issue (June 14, 1959)
HERALD AND NEWS. KLAMATH FALLS. OREGON' tunr 7 Spending Plans Increased By Nation's Businessmen NEW YORK UPI -Businessmen are increasing their spend ing plans which is an accompani ment of rising industrial statistics. What was over-capacity not long ago is being used now. And new plants are needed not only for current demand but also to fill the needs that will develop in the l!0s when the expected apurt in new families arrives. Also it's part of industry's fight to keep costs down and fight growing competition. m.:- mis expansion promem is a big one for all types of business big and small. The big ones can (ford some errors. The small ones seldom can. -With this in mind, the engineer ing lirm of Ford. Bacon & Davis riJ lllr hrnnoht ah .....J.. . comparative projections of nevfli plant costs. It has been est' -sated that in dustry would like to rebuild one- third of iti MOO billion plant. The Dig oostacle is the Federal Rev enue Department's depreciation policy which prevents writing off old plants on the basis of the cost of replacement costs that have risen sharply with the de cline in the dolla.-. Despite the depreciation rules the corporations are going ahead wnn more ana more construction There is a tendency toward changes in location of plants, and also toward more automation. Ford, Bacon & Davis, with years 01 experience in plant engineer ing, warns against building Structure that some day will be referred to as "so and so s folly." Pon t get the "Taj Mahal complex, it advises. A company can build itself out 01 ousiness oy over-capacity, use of automation where it isn't feasi ble. improper location, selection of the wrong type of toolini. and equipment and general layout, the urm indicates. Mounting Infant Death Toll Prompts Plastic Bag Action Then. too. there ' the cost oflto reveal financing which can hack down I follow." profits and curtail further and necessary expansion. Noting the current popularity of automation is undeniable, the firm finds it has resulted in situations wnere it has been over sold or over-applied. Actually, says Ford. Bacon Davis, "the test of automation. as in the case of process, location. and sizing, is a matter of determ ining its economic usefulness, basic to which is high sustained volume carrying with it the penalty of inflexibility. Failure to evaluate properly the economic factors can result in a technical marvel, but one with unit production costs as high as unit selling prices. There also are the problems of too little space and too much space also over-design is as great an error as under-desizn the firm cautions. After listing the pitfalls of plant construction, tne firm notes that. taken on balance, new plant ac tivity is much less a matter of pitfalls than a matter of opportu nity. "There are always prospects for real profits through plant de velopmentor at least improve ment." the company asserts. And it concludes: "Chance is in the air. Standinc still is no answer. If there are opportunities for us. there are similar opportunities for the com petition. "To stay in the running. In vestments have to be made. Once made they cannot (in most cases 1 be wholly retrieved except through the' ue for which they were designed. "To be a winner requires famil iarity with all pertinent factors, negative as well as positive with all pertinent methods of evaluation too. - "Hence in advance of commit ment, comparative projections by experienced people can do much lulled Press International A steadily climbing toll of in fants deaths prompted widespread action against the otherwise inno cent plastic bag. a United Press International survey showed to day. The survey revealed more than 40 infants have suffocated when they became enwrapped in the bags. The survey also showed the bags have been used for suicide in an ominously increasing num ber. Practically all the victims have been only a few months old. One 4 months, apparently pulled a bag over his lace while he was in his crib at Neptune. N.J., Monday. At about the same time, Bridget Led- dington. 3 months, died in Chi cago. She was found entangled in a cleaner's bag which apparently had blown on top of her. In many communities cleaning shops and laundries have volun tarily curtailed use of the plastic (considered passing laws restrict- ig them in some manner. The plas tics industry has held top-level conferences on the problem. At New Rochelle. N.Y.. Paul Cohen, president of the Technical Tape Corp., one of the world's largest manufacturers of polyethy lene film, said his firm was work ing on a "breathable" plastic bag. This plastic would be full of pin holes, ihe company said an in fant could breathe even if caught in two sheets of it. The plastic people and the cleaners launched an educational campaign last month. Two mil lioa folders warning of the danger have been distributed. Additional ly. the manufacturers have con ferred with representatives of health agencies, the National Safe ty Council and the American Medical Association. The education campaign seemed to be the most direct, immediate answer to the Long Over Earl Hospitalized, Faction Fidgets Possible Successor Editon Note While Louisiana Gov. Karl K. Long awaits a sanity hearing in Galveston, Tex., his powerful political machine is without an heir with a governor's race on tap in December. The Long influence has been a domi nant factor in Louisiana politics since the late Huey P. Long be came governor in 1928, and Karl K. Long is or was undisputed master of the political legacy Huey left. In this last of a three- part series, AP writer Hugh Mul ligan deals with barl Long and the political repercussions Louisiana while Long is confined in a Galveston psychiatric clinic wrappings. Some legislators have problem. Paper Firm's New Report May Be Industry Guide the wisest course to Steam From Earth Depths Seen As New Energy Source BIRMINGHAM, Ala. (AP) Steam from the depths of the earth is seen as a cheap source of untapped energy, a reserve to which man might turn when all Other sources are spent. Prospects for such power nurces were outlined by Earl F. English before the Southern Re search Institute's "Undiscovered Earth" conference. "The volume of the geothermal heat is millions of times greater than all the known resources of fossil . fuels and will endure for millions of years." said English vice president of the Thermal Power Co. English sees the use of geother mal steam as a heat source for many . industries, providing the location of the steam supply is suitable for installation of such an industry. He says, however, that it is not By ELMER C. WAI.ZER I PI Financial Editor practicable to transfer steam over long distance. English says the natural market for geothermal steam is the pro duction of electric energy. But he emphasized that the uncertainty 01 sources 01 continued steam power from the earth is a handi cap. Steam drilling operations have been conducted in Italy, New Zea land and in bonoma County, Calif "There can be no guarantee as to the total amount which can be developed at a particular location nor as to its. duration," English said. English said the cost of oper ating a geothermal steam plant would oe relatively cneap in rela tion to other power plants. "This is not a pipe dream." he said. He added that a substantial part of Italy's electricity supply has come from this source for many years. 'Decadent1 Western Jazz Copied By Soviet Ballet By A. I. GOLDBERG MOSCOW (AP)-The Soviets of ficially frown on Western jazz and abstract art but a smatter ing of both appears in a new bal let at the Bolshoi Theater. It's the Negro girls' dance from the new ballet "Path of Thunder," based on Peter Abrahams' novel about race conflict in South Africa. Strikingly beautiful girls of the Azerbaijan Art Theater did the dance. The choreography for the num ber smacked of New Orleans through perhaps slightly up the river. The music could have been St. Louis jazz. But the torso twisting and the sinuous swaying as the ballet worked out its pattern weaving about with mock guitars could have come out of any smoking Kansas City or Chicago night club. The -selected audience of gov ernment officials and high-ranking workers were somewhat be wildered during the 10-day Mos cow run. There was only polite handclapping in contrast with the enthusiastic outbursts of applause from Westerners in the audience The Communist Party newspa per Pravda in a review of the show dismissed the dance number with the comment that it "was re ceived with interest." The reviewer for the, govern ment newspaper Izvestia wrote that the music revealed strains of Negro folk music but actually re tained its Azerbaijan flavor. The ballet is expected to have its premiere abroad late this sum mer when the Bolshoi company goes to Peiping. 1 IHU'JMM.'I NEW YORK (UPH-Scott Paper Co. has introduced an innovation in its annual report that may set pattern (or industry in telling its story to the many stockholders of American corporations. Scott simplified its regular re port to implant its image in the minds of college students. H was part of its educational program. Wall Street experts who have seen the report look on it as a method of making clear the opera tions of big business in a way that the novice stockholder can understand. The company took its regular report and inserted annotated partial pages keyed to text and figures. Each item is explained simply so that it can be read without reference to special book lets or other texts. Thomas B. Mc Cabe, president of the company, said the spe cially prepared report, believed the first of its kind, was designed "to provide students with an ex planation of a corporate annual report in everyday language in order to promote a better under standing of business operations and their significance In the gen eral economy. The report has been sent to 252 colleges throughout the country without cost for use in their business and economics courses. Special attention is devoted to the consolidated financial state ments, the shareholders' invest ment, and other significant items. "This unique student edition has been undertaken," Mc Cabe said, "because we firmly believe that it is the responsibility of industry to provide all possible help in telling the story of free competi tive enterprise and its vital role in our economy." Wall Streeters, scanning the re port as annotated for college students, noted that this type of report would be especially valua ble for the many new stockhold ers springing up all over the nation. The sophisticated stockholders could read -the regular report without bothering with the an notations while the novices finance and there are many at present could profit from the ex planations. Simplifications are broad and in clear, concise language. For example, the item depre- ciation and depletion is explained as follows: "Scott has various kinds of plants, equipment, and timber lands which become worn out or used up. . . frequently over a period of many years. "Annual amounts to measure this using up (depreciation for plants and equipment; depletion an assassin's bullet cut him down. A third cousin. Speedy Long. 30. is campaign time. Straw hat perched on the back nf his head, stomach protruding oer low slung trousers. Earl plays his champion of the poor role to the hilt, whether blistering "them lying newspapers" in a profanity-strewn stump speech or patrolling the aisles of the Legisla ture to browbeat passage of his bills. Public office has been a way of life more than that an obses sion, with him. In Louisiana, the governor can t succeed himself BARBERS OFFER SERVICES HOBOKEN. N.J. il'PK Ho boken barbers, mindful that cen tunes ago their profession includ ed surgery, have volunteered to turn their shoos into civil defenso lirst aid posts. now in the State Senate and re- nul "ir mm garded as a comer. een though!"1? ,r,ck m and oul of ,h 1)0011 for timber) can be fairly esti mated by experience and must be included as part of the cost of doing business in every periodic calculation of net income. And for net current assets: "The difference between the to tal of all current assets and the total of all current liabilities. This is how much Scott would have left if it collected its receiv ablcs, liquidated all its inventor ies at cost, and paid its current debts. This difference is some times called 'working capital' which every company has in amounts dependent on the nature and volume of its business and the judgment of its management." Patents, trademarks, and good will are carried in the balance sheet at $1 with the annotated explanation: "This $1 is a re minder of the fact that all that Scott has ever spent to promote and improve its products has been treated as expense when paid." And so on each item is taken up in sufficient detail to make it perfectly, clear in reading the report. The novice stockholder doesn t like to go around asking what each item m a report means Here he would have all the in formation needed for a thorough grasp of the report. Further details could be ob tained from other sources for those who wanted to pursue the subject in detail. This type of annual report might well be circulated gener ally. Once the report is laid out the printing and binding wouldn't raise the price much and it might well mean that the report would be read by a great many more people. It just might be the means of preventing the stockholder from tossing his company's report in the waste basket without even giv ing it a once-over. BATON ROUGE. La. APt- With fiery Gov. Earl K. Long in a Texas mental clinic awaiting sanity hearing, the powerful Long faction that his brother Huey founded faces a governor's race in December with no heir ap parent in sight. "There is no heir apparent." says State Sen. Charles Deich- irann, a Long leader from New Orleans. "Earl doesn't believe in grooming successors. He always busts up his organization and re builds after losing an election When he's out. he wants the whole bunch out with him. That way everyone stays dependent on him and nobody gets big ideas. ror nearly 30 years the sulphur tongued "last of the red hot poppas, as Earl once called him self, has been in and out of office, running for governor or lieutenant governor in every election since the hey-day of Huey, with the ex ception of 1952 when he tried to handpick a successor and lost overwhelmingly. Huey Long, with his dynamic personality, his emotional appeal to the common man. his ruthless. power-grabbing tactics, founded the dynasty and bequeathed it a spiritual figurehead, the image of the "martyred Kingfish." But to younger brother Earl. now 63 and in his third term as governor, must go the credit for rescuing the dynasty from the wreckage of the Louisiana scan dais and building it into a lasting political machine by sheer force of politicking. There arc and have been other Longs on the Louisiana political scene. Huey's son is the state's junior U.S. senator. Another broth er, George, died in office as a congressman. Huey's widow, Rose, filled out the remainder of the Kingfish's Senate term when elected as an anti-Long from Earl's home district. But only Earl, of all the Long kin. has been able to don Huey's mantle and lay claim to his de voted personal following. This he has had to do for himself. Huey didn't believe in grooming succes sors either, even from inside the family. Earl, who got his first political job from Huey and stumped faith fully in his behalf, found that out when he sought Ihe lieutenant governor slot on the ticket that was to carry on the work while the Kingfish went on to the U.S. Senate and. so the dream went. to the presidency. Thinking the kid brother might be getting too big lor his britches, huey gae the nomination to a lesser mem ber of the heirarchy. Earl in re taliation broke with his brother to run and lose on a rival ticket. Claiming deathbed forgiveness Earl managed to get back in the fold in time for the Louisiana scandals, the half-billion dollar plundering of the state treasury that followed in the wake of Huey's assassination. He moved up to the governorship when Dick Leche resigned to go to the penitentiary. A tax and spend politician. Earl has made up for his lack of per sonal magnetism by appealing to the masses with liberal welfare benefits (highest ' in the nation!, Iree school lunches, charity hos pitals, rural roads, high teacher salaries, and by rigidly adhering to a spoils system of rewarding to keep himself in power. De feated for cover nor in 1940, he tried to have himself named sec retary of state when the nominee died without taking office. At the end of his IW8 term, he attempted to call a constitutional convention to extend his term without a vole of the people. And next week s sanity hearing will determine whether he can carry out his latest scheme to re sign in favor of Lt. Gov. Lether Krazar and then run to succeed him. The sound trucks are painted and waiting. Without Earl doing the hoeing the harvest this year could go to the anti-Long camp where several popular figures, like young Mayor dcLesseps S. Morrison of New Or leans and former Gov. Jimmy Davis are eyeing the race. At Ihe moment the big house on the hill that Huey built stands empty, and his followers seem reluctant to try the door. At least until they find out whether the big boss is coming back The Welcome Wagon Hostess Will Knock on Your Door with Gifts & Greetings from Friendly Business, Neighbors and Your Civic and Social Welfare Leaders On the occasion of: Arrival of Newcomers to Klamath Falls Mo cost or obligation Phone TU 2-0834 me taiintul with jobs in return for obedience and contributions at Now ... A Guoranteed-for-lifa INCOME REPLACEMENT PLAN! For Complete Information Call Jim Criimon TU 2-3454 or TU 4-4628 BEAUTY TO WED COLUMBIA, SC. (UPP-Betty Lane Cherry, "Miss United States" of 1957, disclosed Thurs day that she will marry former University of South Carolina foot ball star Johnny Gramling next September. RATE THE ROCKET For QUALITY ' features! 'Ar For Fuel SAYINGS For Extra RESALE value! Com in -v A new Old costs lest than you think! . , DICK B. MILLER CO. 7th n Kl.rn.tr. TU 4-41 S4 h All the paint colors your heart desires! . t . t .t i select your colors set tnem maae...raKe mem nomei yours now 12) PAINT STORE Colors tor nsfee one? outsld your horn; mode on the AMAZING Sherwin-Williams DOUGLAS-FIR PLYWOOD Low Prices On Other Grades SPECIAL PRICE H"x4'x8' - 25 Sheets or mora $3.60 a. ' 200 SHEETS LEFT CASH & CARRY David A. Richardson Co. Sprinq Lake Road ' Rugs and Furniture Clean As A Whistle! Raft and furniture cImm m Hie seat in your Heme r in evr mcacra," weil-eetila eJent. Our new "Pile lifter" cleaning machine cleans clear to Hie nan tenth; afficienHr . . . 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