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
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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.
Weather Table
By THE ASSOCIATE
II
Albany, rain
Albuquerque, clear
Anchorage, clear
Atlanta, cloudy
Bismarck, clear
Boston, rain
Bullalo. cloudy
:d p
hess
it'll I
nw Pr.
-it .tin
M .
17
sii 1 fin
27
:m .oi
fit
23
a
4.1
42
n8
74
57
t7
84
60
81
7fi
77
70
78
78
H2
.",!)
75
69
54
70
70
44
54
55
82
78
Cleveland, cloudy
Denver, cloudy
Detroit, cloudy
Fori Worth, clear
Helena, cloudy
Honolulu, M
Indianapolis, cloudy
Kansas City, rain
Los Angeles, clear
Memphis, cloudy
Miami, cloudy
Milwaukee, cloudy
Mpls.-St. Paul, cloudy
New Orleans, clear
Oklahoma City, clear
Omaha, cloudy
Philadelphia, rain
Phoenix, clear
Portland, Me., rain
Portland, Ore., rain
Rapid City, cloudy
Richmond, rain
St. Louis, rain
Salt Lake City, cloudy
San Diego, clear
San Francisco, cloudy
Seattle, rain
Tampa, cloudy
Washington, rain
(M Missing!
311
52
54 .71
43 1.23
44 .o;
33 .33
44 .03
53
35 .10
43 1.14
.13 .
61 .25
48 .57
44 ....
51 ...
54
40 .74
89 .
54
.01
8
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Elec. Barbecue
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388
Rcq. 4.9S Value Electric
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16
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17 CUP PERCOLATOR It
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SWINGING LAWN CHAIR I
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CONTOUR AUTO RUG t
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6' SPINNING ROD
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WILDROOT CREAM OIL plus fox 3
Reg. $49.95 value Boys' full size y-1 88
ROADMASTER BIKE many to choose fromJ
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House of Discount
So. Sixth
Paint up for Spring
Roller
88'
Sleeve
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Siici
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549 to 895
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Tray
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St.
Reg. 300.00
7-Diamond Ensemble
150
plus tax
Reg. 99.95 Solitaire
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49"
plus tax
W,,,h
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PHILADELPHIA COMES TO
Suburban Drugs
w . m
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Lfl" I
HOSTESS
AUMMtm
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Assorted Chocolates $1.49
Hostess Assortment $1.59
Caprice Assortment $1.59
Continental Assortment $1.69
Miniature Assortment $1.79
Our Chocolates Are Refrigerated!
Man - Tan
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Druggists on duty at oil
times. Open weekdays from
9 a.m. till 10 p.m., Sun
days and Holidays (ill 9
p.m.
All
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I i ii i v
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Early American
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, 2159 Arthur
Klomoth Foils, , Oregon
Bayer
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I I5'
I98
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