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About Herald and news. (Klamath Falls, Or.) 1942-current | View Entire Issue (March 30, 1960)
1 IIKR.M.O AND XF.WS. Klamath Falls, Pit UVdnenlav. Man h SO. linn PAGE 3 B r -m CAROLINE W. LEWIS Ex-Resident Death Told YltKKA Caroline W. Ix-viis, an early resident of Klamalh County, (lied at the age of 78 in Eugene, j Saturday, March 211. She was the daughter of the Hev. C. A. Stockwell, one of the early pastors nl the Methodist Church in Klamath Kails. They came to Klamath Kails in 1HII8 from Sum nVrtown, Tennessee. On June 2. 1!W1, she was married to Charles C. Lewis, who was then beainniiiK to develop the Crystal Springs ranch nrar Olene. Mrs. Lewis had been very active In the early history of the Metho dist Church and later became an active worker in Klamath Tem ple until 1M7 when .she and her husband moved to .Malheur Coun ty. Mr. Lewis died in 1!M2. For the past IS years, she has made her home with her son in Stockton and had moved to Eu gene last month. She had two sons, C. Leonard Lewis, who operated a farm near Olenc and passed away in 1!U8 and Howard p. Lewis. Eugene. There are five grandchildren and one great-granddaughter. The funeral will be at Ihe Simon Lounsbury Mortuary in Eugene. Interment will be at the Hosedale Memorial Park at Payette. Idaho The Hev. E. J. Kulton of Eugene will conducl the .service, assisted by Ihe Rev. Melvin Hanson of Portland. Meeting Held By Students CHILOQUIN-Imlians from India and American Indians had an op portunity lo meet Thursday when a number of foreign exchange stu dents from the University of Ore gon visited the Klamath Indian Reservation following an excursion to Crater Lake. They represented Argentina, China, Giiana, India, Japan, Korea, Pakistan, Ihe Phil ippines, Spain, Syria and Switzer land. The lour was arranged by the Foreign Students Friendship Foun dation through the YMCA on the university campus. Russ Walker executive secretary, was ir charge. The group left Eugene Monday morning, traveled south through the Umpqua and Rogue River valleys lo Klamath Falls, Crater Lake and back to the Wil liamson River Mission on the res ervation. They relumed to Eu gene late Thursday. Along Ihe way they spoke lo high school groups and service clubs and were enter tained in private homes. The Klamath Discussion Club was in charge of the program at (he mission and were co-hosls with the Reverend and Mrs. Harley Zel- ler and their congregation. Mrs Leonard Norris, presidenl of the club, was master of ceremonies for the afternoon program which featured short talks by Conrad Shclland, acting superintendent at Klamath Agency; Jesse Kirk, Dib bon Cook. Elnathan Davis, all ex ecutij'? members of the tribe, and Flava Yates, vice presidenl of the club. The students were officially welcomed by the Reverend Zeller. An elaborate meal was served In the community hall lo the stu dents, many local Indian people and other guests. Venison was a new dish to some of Ihe oxer seas students. ! Four local Indian boys enter tained with colorful tribal dances during the dinner hour. Wheel Tragedies Plague Family ENCLNITAS. Calif. (LTD Over Ihe years, death on wheels has taken the lives of husband, daughter, father and father-in-law of Mrs. Camilla Lux. The latest member of Mrs. Lux's family to be killed was her father, Ole K. Lee. 92, who suf- fered fatal injuries Saturday when he relumed from Ihe Los Angeles funeral of his brother. Lee was walking to the home he shared with Mrs. Lux when he stepped in front of a motor cycle and was killed. Deputy Coroner Jesse Canale said Mrs. Lux's husband was killed in a motorcycle accident In 1!M4, her 9-year-old daughter . was killed when struck by a train hi IMS and her father-in-law was killed In a 1933 auto accident. Yanks Become Educated On How To Invest Money By KLMKK C. W'AI..KR I 'PI Kinaneial Editor NEW YOHK 1 111 Annual reports of corporations are be coming bigger and better to make Americans the best in tormed investors in the world, a Wall Street economist linds after a concentrated study of these documents. ' But R. L. Weissman, economist, of W. E. Mutton & Co.. lind. there still is lacking an educa tional program in delense of capitalism and profits a pro gram that could be helped along bv iniormative article; Ihe annual reports. "The annual report." he says.! "should be an important instru- niem in niuuiuing punnc upmiuu merely by a plain statement of tacts." He quotes the late professor Joseph A. Schumpeter of Harvard who harbored a deep fear that innowuion and capitalism were in danger because of Ihe un willingness of the industrial lead ers to oppose encroachment, and their half apologetic detense of capitalism and protits. Inadequate Answers Intellectuals who are prone to criticize what they do not under stand are not meeting adequate answers to their abusive accusa tions, says Weissman. ' "The simple test," he suggests, is to try Snd convince proles- sional men such as doctors, edi tors, students, housewives, or the mass of employes that in manu facturing of all kinds, net protits have been running al a rate of four to five cents on each dol lar's sales. If all profits were removed. the ouyers would be enriched by five cents out of a dollar's out lay." He finds socialization of profits already has proceeded quite far. with taxes on profits even beyond those visualfcd at the height of new deal experimentation. In an election year particular ly,1' Weissman says, "the need for economic education is great and the urgency of a strong, Iraight-lorward insistence on the virtue and desirability of pro! its can hardly be over-emphasized. One gels the iiv,prcssion in listening lo talk that profits are almost immoral to many. "Higher wages, it seems, are ho be welcomed higher profits are to be decried. No Profit, No Investment "Intellectuals seem to forget that neither they nor anyone else would make added investments without an added return. "The extreme of the Iwcnties, when too great a part of the increase in productivity was channeled into profit, was no more unsound (ban the perils of the sixties of tunneling all of the gains of investment into wages." Weissman finds some of the annual reports playing a bigger Calling: "Mr. Gus" Exclusively At House of Shoes Yes, calls for "Mr. Gus" are getting more frequent every day. Once you slip into a pair, ."Mr. Gus" will be your favorite, too. The two black patents shown above are just o hint of what is waiting for your selection, featuring the new sharper tee for 1960. The two styles shown in black patent, white or beige, ore just ... 4'i to 10 Slim, Norrow, Medium Width Choose your flats from the largest selection in Southern Oregon. part in economic education. He praises lite Federal Reserve Bank of New York lor its dis cussion of the American economy, and the Federal Reserve Hank ol Philadelphia for its exposition on central banking. He gives a nod of approval to Virginia Electric 4 Power Com pany for its two-page insert on "The Price of Liberty." Du Pom's report brought, out that the average operating invest ment per employe now amounts to Ktt.UOO against S17.H0O in 1M50 and less than $13.0011 before World War II. Allis-Chalmers brings out that plant maintenance runs lar higher than depreciation provi sions. Borden's report includes earnings of toreign subsidiaries now becoming important for many companies. Central Hudson Gas lists the percentage of employes owning stock 22 per cent for that com pany. General Electric notes ils pen sion fund exceeds a billion dol lars and in 1115!) the cost of em ploye benefits wits within one million dollars of Ihe company's dividend payments. Looking over Ihe reports, Weissman concludes corporations this year will continue to finance expansion out of earnings and keep dividend payments around the same percentage of prolits as Iti.'ill. 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