$30 Million In
Bonds Are Sold
To State Bonk
U AND St!, KhttM Fafc, tr
WtdneMlay, January 11, 1981
High Benefits Cited
In Accident Program
SALEM (AP)-The Oreeon lV.
partment of Veterans Affairs to
day sold $30 million worth of vet
eraru farm -and home loan bonds
lo first National Bank of Port- SALEM (AP) - An official of,provides for unlimited medical
land at 3.433 per cent interest. the Oregon Industrial Accident : benefits to workmen seriously in
This is the first issue of self-1 Commission said Tuesday that lured. He said in some states
liquidating bonds under the au
thority granted at the November
election to issue $135 million
worth.
The department has issued a
benefits under Oregon's state sys-j benefits arc limited to (1,000,
tern are among the highest in the
nation.
Roy Green, actuary for the
commission, told the House com
the present system is not monop
olistic in that it allows an em
plover to carry industrial acci-
with a private reopened-
fotal of $180 million in bonds sincejmittee on labor-management that
tne program was started 13 years
ngo. The average interest rate
has been 2.962 per cent.
The highest interest paid by the
department was 3.654 per cent
three years ago.
.Two other bids were received
today C. J. Devine, New York
at 3.4856. and First National Bank
of Chicago at 3.4567.
Proceeds of today's bond sale
will be . received about Feb. 20.
The department then will start
completing loans in the backlog
of 2.400 applications on file.
The money from today's sale
Will last until about July.
which he called peanuts in cases
such as serious burns.
The Oregon law, he said, pro
vides for continuous juridsiction
2 000 Girdles
Token By Thief
ATLANTA (AP) A thief who
stole about 2.000 girdles from a
suburban Chamblee plant Is being
sought by police.
The girdles, valued at about
$50,000, were stolen from the War
ner Bros. Co. during the weekend.
Detective B. R. Vainer said some legislative message proposed that
brassieres might be involved, too. j an employer be permitted to
dent insurance
earner.
H said that the system often
results in a ratio of benefits paid
out to premiums paid in that
are greater for small employers.
He said in some classes
employers that benefits paid to
hurt workers are slightly more
than IOO per cent of premiums
paid by the employers. In other
classes, the figure is less than
100 per cem.
There will be considerable
fighting over the law in this ses
sion of the legislature.
Sen. Walter - Pearson. D-Port-Iand,
is expected to introduce a
bill that would substitute the so
called three-way law for the pres
ent system.
Under this method an employer
would be permitted to insure with
a private insurance company,
with the state or insure himself.
Gov. Mark O. Hatfield in his
State Property
Tax Repeal
Said Essential
PENDLETON (APi-Repeal of
Oregon's personal property tax on
business inventories was called
essential today by Robert Duncan,
speaker of the Oregon House of
Representatives.
The Mcdfoid Democrat, in re
marks prepared for a ' Kiwanis
luncheon, called the tax obsolete.
He said Oregon's tax climate for
Steel Companies Consent To Correcting Abuses
SAN FRANCISCO (UPP Thei He said the conscnlinc defend-1 Mcehleis Steel Co.. Vernon. Calif.: 'San Jose Steel Co.. Inc.. San Jose.
v.s. Department ol Justice won ants aro enjoined from allocating i Pitt.sburgh-Des Moines Steel Co. Calif.; Soule Steel Co., San F
luiiai-m juuiu?iu& iiKiiiy iii viwi liiurii'iiuug joo5 among iaorica
antitrust suits against IS
tabncalin; companies.
The defendants were
Nov. 23. 1959, in I S. District
Court with conspiring to eliminate!
competition in the sale and fab
rication of concrete reinforcing
bars debars) in Arizona, Califor
nia, Idaho, Nevada, Oregon, Utali
end Washington.
Jyle Jones, antitrust chief here,
steel ioi s, fixing uniform interest rates.
refusing to buy foreign made re
hargedbais. and from preventing steel
mills trom selling rooms directy
to general contractors.
Consenting defendants are:
Blue Diamond Corp., Los An
geles, which recently has been ab
forbed by Flinlkole, New York;
Ceco Steel Products Corp.
Pittsburgh; Rutherford and Skou-
bye Inc., Los Angeles; Joseph T.
Uyerson and Son, Inc., Chicago;
NO OLD RELICS
LOS ANGELES l Pl - Helen
Maiiow, a former dancer, cele
brated her 104th birthday Tues-I
day. She said her wish was that
she could someday travel lo tin
Chi- planet Mars.
caco; Gilmore-Skoubve Steel Con-i Asked if she h;,d anv nlie Ml
said the decrees entered today (tractors, Oakland, Calif.; Horrick of her 45-year career as a dancer,
which means that if an injured attracting new industry is second1""' cure all the ills set forth Iron Works, Hayward. Calif.: F. she laughed, "No old relics. I'm
man's condition in later years 10 none in the Northwest. In proof ,"' ne complaints.
gets worse as a result of the in
dustrial accident the case can be
of this, he cited bills introduced
recently in the Washington Legis
lature and said two of the provi
IA. Klingcr Inc., Stockton. Calif.;ielic enough."
Green sairi that Oiecon also s'"s aireaay are incorporated in
provides full coverage for occu-lurLon ,aWl
pational diseases and radiation
injury. He said there are base
benefits for single persons with
additional benefits for each de-itrcme hardship on businesses it
Ol . . flaxps
Duncan said Oregon's present
inventory tax is impossible to ad
minister fairly and works an ex
. . ,. . . . . , . . "Its repeal and subsequent re-
He said hat widows and total Iacement wi(h , m (ax
disrtdi y clams are paid for ife business would h
under the i Oiegon law and thatlovcr (he entire hJMSS
its rehabibtation program is ni(v based abiiv lQ
rated one of the best in the ,voul() aS!11,. lha, n....?n ' ...
iia.tuu.
(' Police said tne tniet broke a
window to gel into the building,
then loaded the girdles, in boxes,
into a truck at a loading platform.
either self insure or insure with
the state. Only state insurance
now comes under the workmen's
compensation act.
Green said that Oregon law is be back. He is in Washington,
The Senate Education Commit
tee put off consideration of in
terim appointments in the educa
tion field until next week.
The committee acted after vice
chairman William A. Grenfell, D
Portland, said he felt the com
mittee should not act on the ap
pointment of Dean E. B. Lemon
of Oregon Slate College as chair
man of the state scholarship com
mittee uniil next week. The com
mittee then decided not to act on
any appointments until next
week.
At that time Sen. Monroe
Sweetland, the chairman and a
Democrat from Milwaukic, will
continue to present the most fa-
forable tax climate to business."
he said.
Lighter Beats
Scout's Flint
JOPLIN, Mo. (AP (-Planning a
mortgage-burning ceremony at a
Boy Scout campsite, adult leaders
decided it should be done in true
scouting style igniting the mort
gage with flint and steel.
Don Roney of the Mo-Kan Coun
cil executive board stepped for
ward Mondday night with his
trusty scout kit.
He struck the flint again and
again. Plenty of sparks, but the
mortgage was unscorched.
A companion proved that file
can be kindled by flint and steel
in a cigarette lighter.
unique in that it has no waiting
period for benefits. He said it is
the only one in the. nation in
which the workman pays a set
amount. I There are more school teachers
He said that the Oregon law. than soldiers in Costa Rica.
D. C, for the inauguration.
Grenfell previously had op
posed the appointment of Lemon.
4S MILLION STUDENTS
WASHINGTON (UPI - The
Census Bureau reports that ap
proximately 46 million students
were enrolled in American schools
and colleges last fall.
Worth
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Jones said that the government
u ill proceed to trial against the
remaining defendants in the case,
all major producors. They are
Dn,Ul-U. n :r: f a
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