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About Herald and news. (Klamath Falls, Or.) 1942-current | View Entire Issue (June 17, 1959)
PAGE 2 A HFHALO AND NEWS. KLAMATH FALLS. OREGON WEDNESDAY. Jl'NE 17. lfl.V M -J , t . Quiet U.S. Revolution Reshaping Yank Industry By ELMER C. WAL7.tR. NEW VOKK UPliVThe revo lution has come. lava Keilh Fun- .-ton. president of the New York Stock Exchange in announcing that nearly 12 'i million persons own American industry. LINDA HAMILTON, 17, it Mitt Siskiyou County can. didato. Her parants or Mr. and Mrt. Marshal Hamilton of Oorrit, and the it tpon sored by the Dorfis VFW. She hat blonde hair and blue yet. She likes to dance, swim, ride, and bowl. She was graduated this y r from Butt Valley High School. reshap- Kunston cans it "a nomic revolution that in America." The New York Stock Exchange surveyed the nation and found that there are 12.490.lXiO stock holders, nearly double the M!M). MM) reported (or 19i2 and 43 per cent hinder than the W56 count of S.6.W.000. This giant total one out of every eight adults in the nation- was an overwhelming surprise to the stock exchangp. to its presi di nt, and to Wall Street in gener al. L'p to the time the report was issued the financial district talked in terms of 10.noo.onoo stockholders owning the nation's business. And the talk was not stressed because everyone thought it was an deration. The actual total floored the skeptics and cheered those who combat Soviet and other social ism where there is one stock holder the state. These people who own the na tion's business common stock holders are the owners of the corporations also have other in vestments. Eighty-one per cent hae life insurance, 80 per cent have savings accounts. 68 per cent own their own homes. 59 per cent have U.S. government bonds, and 37 per cent are in pension funds, the survey found. More -than two-thirds of -the group own the two billion worth of common slocks listed on the New York Stock Exchange. This total alone, says the survey, is nearly equal to the entire share- owning population in 1936. An additional 2.700.0(10 people. own shares traded only on other exchanges or over the counter. And 1.2.10.000 individuals own only investment company shares of billion load part of their holdings. corporations would see fit to in-lie sUxJi instead of bonds. The bullish angle of this owner ship total is that the shareowners seem to be imestors and not speculators. They aren't going" to quiet eco-jbe frightened into dumping stock each time the small decline. market has a King Croesus of Sardis, which Is now a part of Turkey, is helieveri by many historians to have inlro- which there are some 15 Wri th. t,i t ;.... .... outstanding. the markets of the civilized world. The ,op llve ci,ies in ,olal share I ownership are listed as New iorK. Chicago. St. Louis, Pittsburgh and Washington, D.C. The rate of growth has more than doubled the half million yearly average growth from ltr2 lo l!t5i. If this process continues. ihe stockholder total could reach iO.noo.noo by 1M2. Such a jump would bring prob lems. There wouldn't he enough common stock to go around unless some slockholders now frozen in hy capital gains taxes would un- On The Record KLAMATH FALLS BIRTH". BOTH CLAYTON Born lo Mr and Mrt Melvln W. Clavlon June IS in Klam ath Valley Hospital a boy. weighing 6 lbs., B'i or IDM HOI MM P Boy.: 201 Ctrl.: 1H4 A - mm v ' ' vs. Arrow Dress ond Sport ShirM MscGrejof, Lancer ond Bercktownt Shirts Swank Jewelry Buxton Billfolds Pendleton Jackets and Shirts ' Samsonift Luggagt Champion wool and Wash 'n Wtar Slacks Dobbs Hats Wembley and Fashion Craff Ties Munsingwear Knit Sport Shirts and many more fine brands far him! Plus A Beautiful Gift Wrap ond ij.'H" GREEN STAMPS at DON'S MENSTORE 6th and Main Court Records Kl HTH "0A'TY IHrilRK T C'OI RT David Harvey Lwia II. truck p?mI ln. il'i Jon Mirharl LeMar, parking on hifhy, $7 50. Clue Harriet Wide, violation basic rule $12 V). John Otto Kingslien, violation baric rule. S7 V. Paul William La made, violation baa ie rule. IV Either Ann VmlUel. fail stop at atop sign. Marshall Albert Powell. Improper headlighU, tS George Washington Stewart, follow Ing loo closely, .V Everett Dale Higgina, tandem axle overload. t2) Elmer Alder Seymour. xcsive width. S15. George Nelson Wood. excessive wiaih. Sift. Betty Andrus, fail itop at atop sign. 13 Alfred Eugene Harrcll, fall stop at stop ngn, U. Kred Tyree. giving alcoholic liquor to ferson under 21 year of age. re quest additional time: June 23 at a m.; released on potted $260 bail. Carl Waller Woodard. fad stop atop sign, $3. Runsell R. Ruff, attempting obtain property false pretences, request pre liminary hearing time set June 21 at 10 a m ; bail set at $2,000, re manded to sheriff. Gary Edward Bentley, no muffler, dismissed. Raymond Francis Conrad, combina tion overload. $M William Edward Flit Ion. driving while intoxicated, entered plea of not guilty; asked for Jury trial; set June IB at 9.M a m ; released posted $400 bail. Grace Davis, Intoxicated public highway, $i Donald 1-aveme Crowe, Intoxicated puhhr highway. $50 Roherl Richard Chamhrost, in toxi ca trd public highway, $v K ran it Paradisv, intoxicated public highway, $.15 or 15 days m lieu of hne; committed. Robert Kenneth McDermolt, intoxi cated public place. 30 daya and l-Vi fine and coula or 22x days in lieu of fine; committed. "dennis the menace--1 jUprfsina Seen In Alaska I ' 'I'M NQTgOHHK EAT! M CL06B THAT VOORl I CONT MNT THAT X UVER SMH IN MY POOM'S Warning Of Shark Menace Given By Marine Scientists SAN FRANCISCO LTH Ma rine scientists warned today that the warming waters off Califor nia's beaches carry an ever increasing menace of man-eating sharks. Two men have been killed by: the vicious fish in the last six weeks. Only two previous deaths by shark had been recorded in 1952 and 1957. But all authorities agreed that the great white sharks which struck 400 miles apart can no longer be considered isolated stragglers in these coastal waters. One expressed fear that it KI.AM TH l AM.R I Ml .NiriPAL COI RT Mark Allen Huffman, vagrancy, $100 and M das. j Vincent Hurt ado, drunk, $25 or 12'i daya. 1 Frank Alexander Cowan, drunk, $25 j or 12' dava Richard William LaSalle, drunk. $23 or 12't das. Silvealre Sanchez Mendel, drunk. $2A or 12'i daya. James Garfield Hymes.' drunk and dtanrderly conduct, released to Air Force police Antonio Rodriguez, drunk, $25 or 12t days. Bruce Donald Miller, drunk. $25 or 12', days Morns Everett Roy, vagrancy, $100 and SO daya. Joe Wilson Powell, vagrancy, $100 nd 50 days. Eliaa Cardenas, drunk, $25 oa. 12'a days. Oregon Weather By THE ASSOCIATED PRESS 24 hours lo 4:30 a.m. Wednesday Astoria Bend Brookings . Burns Kugenp I.akevicw Newport North Bend Portland Airp't .Max. Min. Prep. til 49 T 74 45 . . 71 39 .03 . 6S 5! . 75 42 71 S3 ' - . 72 44 78 SO M 47 C.1 SB m S4 ' .02 m 42 .07 74 S2 71 SS T 67 S4 .09 Koseburg ... Salem The Dalles j Western Oreson Cloudy with rain beqinnins tonight, continuing Thursday. Low tonight in the 50s; high Thursday 62-74. Coastal winds southerly In southeasterly. 15-30 in p h. tonipht and Thursday. Eastern Oreson Fair but with increasing hifjh clouds toni;ht: cloudy Thursday with occasional rain. Low tonight 46-54: high Thursday in Ihe 70s. Northern Oregon beaches Mostly cloudy through Thursday with afternoon sunny periods and chance of a few showers Thurs day. Temperature range S0-R3 Beach winds southwesterly. 4-8 m p h. (.rants rass and vicinity Partly rloudy with chance o( showers Thursday. Low tonight 50- 5; high Thursday 73-78. I.ncgers Kire Heather Mostly cloudy with a few show ers throush Thursday in northwest Oreson. Chance of a few showers spreading into southwest and north central Oregon Thursday. Ilumidi- ics aliove 40 per cent, except 2.1 per cent in southern interior Low fire danger except moderate interior of Southern Oregon. Girls State Meeting Set SALEM, Ore. LAP) Party conventions are scheduled today hy the 257 delegates at the annual Oregon Girls State. The week-long inquiry into Ihe functioning: of city, county and state governments is sponsored by the American Legion Auxili ary. On Thursday, delegates will elect a governor for the rrmeW state, and, then hear a speech by Oregon Gov. .Mark Hatfield. Mayors elected Tuesday includ cd: Beverly McMillan of Eugene. Margaret ' Williams and Bar bara Britton of Lebanon. Rosiland Randies of Medford. Adele Pavenport of Grantsidied might become necessary' to pro tect swimmers with under water shark nets, which have long been rigged off the shark-infested beaches of Australia. Coastal waters, which for gen erations were too cold for the kill er fish. have, grown six degrees warmer in the last two years, sci entists said. "Just how this has taken place is what we're all trying to find out." said J. F. J. Saucr, U.S. Fish and Wildlife Service ocean ographcr at Stanford University. Some scientists believe it has been' caused by a shift m Pacific wind patterns which have brought less upwelling of cold water from the ocean floor. "We have no idea how long the water will continue to become warmer," said J. B. Phillips, marine biojogist for the Fish and Game Department at Pacific Grove. inese great white sharks, even when only 10 and 11 feet long are very unpredictable and extremely vicious." Phillips said. "They will attack a victim by sense, not by sight until maybe the last mo ment." Albert Kogler, a 19-year-old col lege student, was attacked by a shark off Bakers Beach in San Francisco Bay on May 7. His swimming companion, Shirley O'Neill, also 19. Tuesday received a silver Carnegie medal for hero ically ignoring her own danger, METLAKATLV Alaska- VFV The makings of an lndinn uprising, were fomenting in this southeast Alaska area toddy over the state ban on lih traps. 'The state, which has outlawed this method of harvesting the "silver horde" of salmon that teem in these waters, backed up its hand by moving two boats with six state police officers aboard in to position near the villages of Kake and Angoon. Kake and Angoon, along with 'u'etlakatla, are the only places in the new suite which the In terior Department has authorized continued operation of fish traps espite the state ban. These vil lages are on Indian reservations over which the federal government has jurisdiction. Gov. William Egan has vowed that the state would take what ever precautions were necessary lo enforce the state prohibition. Apparently this includes armed lorce. Councilman Ted Benson of Met- lakatla said the Indians had posted no trespassing" signs on the res ervations and assigned watchmen armed with guns to enforce the rule. Benson even went so far as to say that if any blood were spilt o er the - "state versus - federal light for control of the fishery it would be the fault of Gov. Bill Kgan, who refused to' submit the case to a friendly court test." The polfce aboard the two ves sels have been instructed to pa trol areas where fish trap opera tions are proposed and to "make arrests should the state fisheries laws be violated. Work On Educational TV Scheduled For Next Year PORTLAND (API - The state Board of Higher Education will not get started at least until next ye.r. on construction of a new educational television station hi Portland. Chancellor John Richards said no expenditures, could be made until the fiscal year of 1960-19M because the requested appropria tion of (450.000 for the station in the current budget had been cut to SJOO.OOO by the last Legislature. In other action, the board: Approved the appointment of Mrs. Wicket Shaw of Eugene, a Democratic stale -representative from Lane County, as head of in formation services in Richards' office. Heard a report by Oregon State College president A. L. Strand that a radiation health officer would be hired for the coming school year as a salety precau tion for the nuclear reactor at OSC. Approved appointment of Dr. James Ilaworth of Salem as as sociate professor of radiology at the University of Oregon Medical School. Approved plan's for a $1. 207,000 addition to the Memorial Union Building at Oregon State College. Approved a 11-student dormi tory at Southern Oregon College, estimated to cost $400,000. Awarded contracts for construc tion projects, including: P. S. Lord .Mechanical Con tractors, Portland, major contract of $850,910 for central heatinj plant addition at OSC. Fred W. Carter Co.. Portland, major contract of $455,619 for student center and cafeteria at Oregon College of Education. , A. V. Peterson Co, major con tract of $866,789 for dormitory and cafeteria at OSC. Fred W. Carter Co., major con tract of $100,846 for central heat ing plant and service building at Oregon College of Education. 2 Garden Clubs; Receive Awards 5 Children Die In Biaze CHICAGO (API-Five children burned to death today ' w hen a three-alarm blaze ripped through a four-story apartment building on the West Side. ..-..'. The victims, all Negroes, were trapped in apartments on the third and fourth floors of the 2i0-foot-long structure at 2301-2319 W. Madison St. Firemen put out the fire after an hour. Authorities said a check of the building indicated all of the other occupants reached salety. lwo victims. Mary Morris, 5. and her brother, William Jr., 11 months, were found dead in their fourth-floor apartment. The other victims, Sam Yar- borough, 11, and his brothers. Trial Scheduled For OSC Teacher CORVALLIS (API An Oregon State College teacher goes on trial here today on a charge of involun tary manslaughter in the death of his 12-.vear-old adopted son. Dr. David C. England, 37-year-old assistant professor of animal husbandry, is accused of causing the death of Charles Edwin Eng land last Feb. 8. The state contends that England struck the boy on the head while disciplining him on Feb. 7. England and his wife have four other adopted children. PORTLAND (API Major awards from the National Council of State Garden Clubs were pre sented Tuesday to two Oregon Garden clubs. The purple ribbon awards, for excellence fl flower showers, went to the Innominata Garden Club of Gold Beach and the River side Garden Club of Portland. The presentations were a fea ture of the convention of the Ore gon Federation of Garden Clubs. Another award for excellent of shows with a patriotic theme went to the Corvallis, Philomath, and Chintimini Garden club! jointly. The convention will end Thursday. RIGHT TO WATER SACRAMENTO (UPI) -A bill extending state rights to water needed for various projects has been approved by the Legislature. If the lawmakers had not passed the bill, the rights would have ex pired Oct. 1. John. 3. and Lawrence. 2. died on swimming to Kogler and bringina ",e '"icd floor. him in to the beach, where he OPEN DAILY 7:00 P Star-billed, fancy -frilled, laugh-crowded delight DAY . JOHN RAITT CAROL HANEY Feature (:10 & 10:30 Fridoy ond Saturdoy PLUS Comedy Short t Cartoon 7: Jerry lewis in to the beach, of his wounds. Pass Ronda Eraser of Moro. Janet Ross; Eleanor Cook and Glenda Morgan of Portland. Rachel Ilinshaw of Ncwberg. Joanne Yatui of Hood River. Terry Strong of Prineville. Robert Pamperin, 33, disap peared, leaving no truce but blood, last Sunday after a fellow skin diver reported seeing a huge shark seize the middle of his body in waters off La Jolla, 400 miles south of here. TWO MEW TERROR-TWI5TERS ON THE SAIV.E SHOCK-BILL! ggfigW THURSDAY! rfj Mom and kes bosom. Companons Toy Curtis jAaciFr; Klamath Falla. Orrfim Vrvinf Southern Oregon nd Nnrthtl n ('alt for ma funllBhJ daily vvrrnt Saturday bv Southern Oregon PtiMuhing Company mam ai Enianait Phoie Tt'ki-do -Ul FRANK JENKINS. Editor BILL jr.S'KINft. Martaiinf Editor n,OYD WYNNE Cil. Entered at aerond rlaaa matter af thr Bftat office at Klamath Fall. Orraort Auauat ism. under art tt I -nnitM. iarm .1. 179 rrcmd--laa lolae paid at Klamath Fall Oregon. and at additional mailing Mfttr. SUBSCRIPTION RATES Carrier I Monlh Mentha t t no 1 Year Sit 00 Mam In Advanc 1 Month f , 1 w Month . . I TO I Ver 11300 Carner and Dealer Week daya. mpy . V Sun dava. ropv lr l.'MTLD fHS INTERNATIONAL ASM-KHTFn FRF. VI At'DIT lRr.AU OF CIRCl'l.ATtON tiibacrtrter not receiving deliver f etr He aid and New. Blea Dhne Tlvedo Hill before 1 FM After P M . Phone MaMrire Miller. ( r- cuiattoa Manager ml TVaedo . - , 11 Y i a (pi 1 . . 11 il n'DDO DDnlAM MiwrrMUDmurioui Ends Tonite - "Compulsion" FREE MINIATURE H-MAN GIVEN TO EVERY PATRON DURING THIS THRILL-ENGAGEMENT! (OfREE! P M 2 m. I XawJaaailaaaQ aar:?i t'S-' II SAWI 11 j TOUCH IT ONLY YOUR CLOTHES ARE LEFTI IT'S INVISIBLEI - INCREDIBLE. FORMLESS -ITS THE MOST HORRIFYING MONSTER YOU NEVER SAWI H ITS' n .xivVitajv-s ariii. I l l u u K ' JSSfci GE0RGE VERA C0l7 '
