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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.
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