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About Herald and news. (Klamath Falls, Or.) 1942-current | View Entire Issue (Oct. 22, 1961)
r f iness Review By Floyd L. Wynne HKKAI.D AND NEWS, Klamath Palls. Ore. Sunday, October 21, 11 PACK Pit Bus te,, "j-N-,-'-t' if aiiiMiiiiiiiiM ... . iirTT. utLkJ .ESSENTIAL RECORDS The accounts of daily transactions at U.S. National are 'nanded Margaret Koeniq for microfilming by messenger girl Joyce Mathiot. The bank has stored necessary information on microfilm to reconstruct account records in case its head office is destroyed during a nuclear attack on Portland. Banks Prepare Survival Planning To Cope With Any Atomic Assault What sort of order could be made of Oregon's economy if head offices of leading slate banks were destroyed by a nuclear attack on Portland? "Business as usual" is the an swer, with little effect upon custo mers who hold checking and sav ings accounts in a stale-wide branch banking system. Accord ing to information on file with the Federal Reserve Banking System, Oregon's major banks are better prepared for emergency opera tions than many institutions in the country. Service under disaster conditions SOUVENIR COPY J. W. Olson, publisher representa five of the Saturday Evening Post, presents Gov. Mark Hatfield with a souvenir leather-bound copy of the Oct. 14 issue. The seven-page article on the State of Oregon in this issue, written by Robert Cahn, is entitled "Ore gon's Dilemma BUILDING PERMITS KLAMATH FALLS SUM Termite Control Termtnti Strvict 1171 Biplanadl 5000 Rem. Ret. A Addition Jot Jonei 131 Commercial 100 Rtbuill Garagt Carl Fnqlt U4 upham 33H Roolings Axel Floren 100 Market SI. too Fire Damage Klamath Valley Lmbr. TOTAL VALUATION: S10.400.00 Vern Schortgen Building Inspector LV I -W-fc ff T n 1 li ai ay i in ' . tim-t SCHEDULED FOR DECEMBER COMPLETION The aaraae-wstehous unit nears dels expect to occupy the seen (brick welll goinq up is made possible hy safe storing of banking records, plans for al ternate head offices and establish ment of a succession to manage ment, according to U.S. National Bank Board Chairman E. C. Sam mons, who was one of seven na tional banking executives select ed to serve on a special bank preparedness committee (or the federal reserve system. Due primarily to the Berlin crisis, the federal reserve system has requested all commercial banks in the country to establish adequate preparedness plans or to reappraise and up-date their ex- r -j jlja.t !, r-, ,T ""fcinii i""" 'ffwa )' 1 1.. i vja .s taZfj . completion n the P of'ices by DectmbO. Tk. at ri. jht: " " (Jf offices art located , 1 I . r listing programs, reported Sam- mons. During the early stages of the Korean conflict, several Oregon banks with head offices in the Portland target area went ahead with their own precaution pro grams. U.S. National was the first bank in the country to adopt a completely detailed disaster plan, according to available Information. Sammons said a basic meas ure to take is the daily duplica tion of essential bank records. U.S. National, for example, can completely reconstruct bank and customer account records from microfilm shipped out of Portland each night and stored at a point considered safe from nuclear de struction. Klamath Falls, as well as any large Oregon city, could be desig nated to assume the duties of ad ministering a state-wide banking operation. According to plans, the assigned branch would receive all photographic records within a few hours of their need. U.S. National has instructed trained officers of each alternate head office branch in the takeover process. An automatic line of succession to top management positions is a very important element to bank bomb precaution programs, point ed out Sammons. Chain of com mand letters, in sealed form, are sent to key local and national bank officials under stipulations of most precaution programs. Since 1950, U.S. National has re ceived many inquiries regarding its program, and a number of in stitutions have sent representa tives to the bank to study details of the plan, said Sammons. In 1951, the bank's precaution pro gram was featured on a national television series presented by the National Association of Manufac turers under the title of "Industry on Parade." A scarcity of office equipment would be another result of a nu clear hit on Portland banks. Rath er than discarding or selling old typewriters and adding machines, U.S. National is presently arrang ing for the renovation and stor age of used office machinery which could be put back to work in case of disaster. Of course, no Oregon bank could operate without staff members to carry out the necessary unctions. Under this phase of the program, various banks have trained their personnel on first aid and emer gency operations, in addition to providing them with information on personal survival at home. Y , J a.VW V '-' city schools' administration- M iderosa School lite. School offi- ...... U...U.,... ...: :. o.n - o.B.iw ' 1 -" ' in the central building. Scholastic Aid Offered By Railway Four-year college scholarships for graduating sons of Great Northern Railway employes again will be offered by the company in 19K2. John M. Budd. president of the railway, announced today. Basic grants are $750 annually for four consecutive years of schooling in the accredited college university of the student's choice. A minimum of three schol arships will he awarded. Entrants must write the scholas- tic aptitude test supervised by the I college entrance examination board during Decemher, 1961, or if it is not given in an applicant's area before that lime, it may be taken in .January. I2. Applica tions must be filed not later than Dec. 15. Provisions of the scholarship plan include the requirement that a parent of the competing student must have been a GN employe not less than 10 consecutive years. An eligible student also must be in the top third of his high school graduating class. Award winners will be selected by a panel of six men two each from education, business and la bor. Since the college program was initiated in 1956. IR students have been afforded college opportuni ties by the railway. J-M Figures Show Rise Consolidated earnings of Johns Manville Corporation and subsidi ary companies for the third quar ter of 1901 were $7,603,000. com pared with $7,582,000 for the cor. responding period last year, C. B. Burnett president, reported today, Wednesday, Oct. 1ft. Sales in the third quarter of 1961 were $106,701,000, compared with $99,647,000 in the third quar ter of 1960. Earnings par share of common stock were 90 cents compared with 90 cents last year. "Third quarter sales were at a record level," Burnett said, "and earnings were slightly ahead of last year. For the year to date sales were $279,777,000 and earnings were $17,987,000 or $2.12 per share, com pared with sales of $273,973000 and earnings of 21,092,000 or $2.40 per share for the first nine months of last year. Auto Aqency Opens Doors LAKEVIEW-Collins Ford Sales, new Ford Agency in the Lake view area, opened this week in the Graham-Mercer Building, ac cording to John Collins, owner. The service and parts depart ment opened Oct. 16. Plans are being made for a grand opening and showing of Ford cars and trucks, Collins said. Collins, who has a background of 12 years in Lake County auto motive business, was formerly as sociated with his brother, Dan, in Collins Chevrolet. Paul Taylor and Cy Pearson are manning the service depart ment, while Wayne Vincent will handle the parts department. Post Opened MONTAGUE The Outlaw Trad ing Post No. 2 was recently opened for business here. The branch store of Outlaw Trading Post No. 1 in Yreka. is owned Kiinllv hy Malcolm H. Windsor and ,1. L. Cousineau Jr. While Windsor continues opera tions in the Yreka store. Cousin eau will be in charge of the Mon tague branch. Both used items and a large variety of new furni ture and appliances will be sold Windsor, who has been opera ing the Yreka branch of the trad ing post since 1958, took Cousi neau as r partner in August. POCKET MONEY NEW YORK 'UPIi - The num ber of people in the United States will rise by M million hy 1970 when total spending will hit tf2 billion a year, up from $303 bil lion in l'lh". the Bureau of Adver tising predicts. The average family will have $8,100 a year after taxes, ill terms of I960 buying power 20 per cent more than in 19W. th bu-rcau&.aid. LatiaaayaH '.WaWiJadaisai WILLIAM F. O'CONNOR Firm Gives W. O'Connor Plant Post William F. O'Connor has heen named plant service foreman for Pacific Northwest Rell in Klam ath Falls, according to A. B. Dick erman, manager. O'Connor comes to Klamath Falls from Cottage Grove, where he was wire chief for the phone company exchanges m that com munity. Drain and Florence. A 20-year phone company vet eran. O'Connor started in Portland as an installer. He moved to Med ford in 1952 as a PBX installer Promotion lo wire chief in Col tage Grove followed in 1956. At present, O'Connor is commut ing on weekends between the two communities. His wife, Gail, will join him in Klamath Falls as soon as housing arrangements can bci made. E. MENDENHALL Newton Becomes Head Of Goodyear The management of the Good year Service Store, 201 South 11th Street, is changing. E. Mendenhall. manager of thei local store for the past two and one-half years, has been trans ferred to Salt Lake City where he will take over managership of Wall Street Chatter NEW YORK lUPI) - Clark, Dodge & Co. says there are con vincing reasons for believing that 1962 will be an excellent automo bile year, although some industry estimates of new - car factory sales of 7'4 to 7'i million units appear high in relation to current consumer buying plans. Moreover, there are preliminary indications from dealers since the Introduction of the 6s, that the public likes the new cars and is in a buying mood, the brokerage house says. Barring unforeseen develop ments. 6nt million units appears to be a reasonable l2 produc tion estimate, and over 7 million is possible. Clark, Dodge feels. Mills Purchases Mortuary Firm William P. Mills, former Klam ath Falls mortician. Is the new owner ot the Truckec Colonial Mortuary of Truckee, Calif. Word of the new ownership was ent lo the Herald and News by Mrs. Joy Rolph. longtime Klam ath Falls resident, now co-owner of Tahoe Shores lidge. i.ake Ta hoe. Mills bought the business from Alt ah Hooper who w ill retain his office as coroner with Mills as deputy coroner. The new owner was in the mortuary business here for IS years affiliated with Ward's Klamath FiSWal Home. He has been In fleno for the last six months. R. Tisdale To Chair Conference Russell H. Tisdale. vice presi dent and manager of the First Natiunal Bank of Oregon's Klam ath Falls branch has accepted the Kl.im.il h Kails area chair mnship for the Third Annual Columhia Basin Export-Import Conlerence in Portland Nov. 1.1 14. Conference Chairman George M. Henderson of Portland an nounced today. Henderson said local area chairmen throughout the Basin and Willamette Valley will work to stimulate attendance at thej conference, which is designed to provide solid, factual informa. tion on the various aspects of foreign trade. Tisdale, pointing to the expand ing efforts of the United States government to increase exports in order lo create a more fav orable "balance of payments" picture, said increased interna tional commerce can create ben efits which will aid the economy locally and nationally. "Any firm or individual attend-1 ing may expect a day-and-one half of concrete and pertinent information that will he of direct and valuable use. immediately in his business," he said. Conlerence workshop sessions will provide solid, factual infor mation on foreign trade proce dures and techniques. Principal addresses will he given by na tional and international experts in various fields. Conference sessions will be at the Benson Hotel in Portland DON NEWTON Store the larger store effective immed lately. Mendenhall has been with the Goodyear firm for the past 10 years and came here from Stock ton. His wife, Justine, and four children, Jill, Joy, Jeff and Jayne will continue to reside at the fam ily home' at 715 Roscway Drive until it is sold, and then will join Mendenhall In Salt Lake City. His position here is being tak en by Don Newton who was tor merly the credit manager with the local Goodyear store. Newton has been with Goodyear for the past three years and has heen in Klamath Falls for two of those. Prior to this he was in Stockton. Newton has had considerable previous experience in the tire and accessory line, having owned his own recapping shop in Sacramen to for three years prior to joining the Ooodyear firm. Newton s wife, Gloria, and IB- month-old son. Thomas, reside with him at .1535 Emerald Ave nue. State Seeks Foresters The State Tax Commission has announced that graduate forest ers are being sought to assist in the administration of new tim ber tax laws passed hy the 1961 legislature. The State Emergency Board recently set aside funds for this purpose. Acceptable applicants will be of fered positions immediately, the commission said, at an annual starting salary of $5,280. Increases can be earned to a maximum of $11,000. Applicants must he graduate for esters, physically qualified, with practical experience in timber cruising, as the commission jobs involve field work inventorying of private timber. Persons wishing further infor- maOm or applications should con tact Personnel Section, State Tax Commission. Salem. O FIRST ENTRY Mrs. John was the first Klamath Falls company contest on the Air Force Wife First To Submit Entry To Phone Company Contest Mrs. John H. Phillips Jr. was! the first to enter Pacific North west Bell Telephone Company s Why I'm Wild About Oregon" contest from Klamath Falls. Born in Massachusetts, Mas. Phillips has traveled over much of the United States and can real ly write with the flavor o truth about the wonders of Oregon. With such an exciting subject to write about, and having had experience as a copywriter I before being sta tioned in Oklahoma with the WAF) Mrs. Phillips would seem to have an edge on one of the many un usual prizes. However, she woe fully admits to only having wan a steam iron in previous contests she has entered. Sgt. and Mrs. Phillips have one son pre school age who was born in Alaska (that is due north of mighty Oregon.) Early entries lo Pacific North west Bell's "Why I'm Wild About Oregon" contest, which closes Oct 31, have turned up some surpris ing reasons, according to Klamath Falls Manager A. B. Dickorman 'Most of the entrants must have personally experienced annual hur ricanes, tornadoes, droughts, dustl storms, blizzards, and .sweltering! heat waves from their complaints about other slates," Dickcrman said. One Eugene entrant related how he "was almost caught on the Cal ifornia treadmill" before he es caped back to Oregon. Some cite personal reasons for preferring Oregon. For example, one writes he likes this stale "be cause my creditors are still in Wisconsin." And another (aid, bluntly, "My in-laws are in the East." The entries have also produced plenty of excellent reasons "for living, working, and locating new industry in Oregon," Dickorman added. Adjectives like cool, green, hospitable, friendly, uncrowded, promising, growing, pop up fre quently. A 90-year-old Grants Pass resi dent said he was wild about Ore gon because he had "Beaver lea ver, known by Its rose-colored out look ..." And an 8-year-old Porllandcr had trouble with his' spelling but Tax Problem Meet Slated PORTLAND - What are the most troublesome tax problems facing operators of small and medium-sized businesses in the Northwest? Answers to this question will be forlhcoming at the ninth annual Oregon Tax Conference to he held in Portland, Oct. 26-28 under sponsorship of the Oregon Associ ation of Public Accountants. Two national authorities Je rome J. Kesselman, professor of accounting at Denver Univer sity, and Edward A. Fogel, New York tax attorney will be head line speakers at the conclave which will he attended hy ac countants and other tax special ists from Oregon, Washington and Idaho. Kesselman, who has lectured at many national and regional tax seminars, will discuss Role of Ac countant in the Economy, and Tax Implications of Executive Compensation. Fogel, tax lecturer at New York Law School, will discuss Tax Planning for Your Small Business Clients. R. L. Garlock, general chair man, said that all addresses, as well as panel discussions, will touch upon the small business man's problems. H. Phillips Jr., person to enter shown here the Pacific subject "Why I'm Wild About not his reasons. "Because it has pretty zoo with the zoo train to ride on to," he wrote. Dickcrman said the contest is open lo all Oregonians. First prize is $500 plus the opportunity to in vite two out-of-state guests to Oregon (or a seven-day, all-ex pense paid vacation. There arel OUTSTANDING RECORD A top record of insuring careful drivers and maintaining high administrative standards in underwriting for a three-year period hat earned the designation of Certified Underwriter for Jerry L. Shelley, district manager of Farmers Insurance Group. Only 133 of the company's 6,500 agents In its entire 25-state operating territory have been accorded this honor. It entitles Shelley to do hit own auto under writing. Ha has the tame authority as a home office un derwriter of a large insurance company. The Farmers Insurance Group it one of a very few companies extend ing the privilege! of underwriting to its agents. Custom arily agents are permitted only to submit applications to company headquarters for approval. Graham Appointed Agent Klamath Falls resident Carl L. Graham has been appointed agent for the Prudential Insurance Co., Klamath Falls district office, Bill Alexander, staff manager, an nounced today. Graham, a native of Casper, New Klamath County Maps Ona hundrad forty ii page atlas, laotharttte csvar. lack eege a lorga icala towmhlp map show ing awntrt and property llnal. Title page index, lot and black mop of Klamath Falls included. Tht I a ta s t topographical detail usod to show at accurate end complete at potiibe platt, roads, trails, rivart, lakat, craakt, roll roods, schools, standard lot num. biri and additional ftoturos too numarous to mention. Up ta doto mop raforoncot the library, lawyer, rat estate mon insuronca company, bankor, lum barman, governmental office end many othtrt tind this type ef at lot ot groat value, worth many timot III cost. Thit specialised Item with more then forty ytort of exparitneo be hind it has an Important part in the davalopmont el Oregon end Ihrto other Western Statot. Place your order with C. T. Mottkor, staying at Molatoro'l Me tal, Oct. 17th and 11th, 100 Main St., er write direct to Mefsker Maj) Co.e 111 S. 10th St. Tecame 1, Weih. I'ij with her husband and son, Northwest- Bell TaleDriona Oregon." 12 second prizes of $100 each. No entry blank is required. Just a statement on a plain sheet of paper sent to the Pacific North west Bell business office here or lo "Why I'm Wild About Oregon" contest, Room 861, 509 S. W. Oak Street, Portland 4, will put an en trant in the running. Wyo attended schools in Eugene and Springfield, Ore. He studied business administration at the Uni versity of Oregon. From 1956 to 1960, he served with the Air Force. He and his wife, Sue, have a son, Steven, 7 months. PRINTING " Specialising in oil types '; j of printed folders, cir- i culors, letterheads, c h a e k t, ttotemonts, . ; ' snap-out forms, plastic t' binding, etc. ' Lot Ut Supply Yau With Whateor Forme You Need. u n n Guide Printing, Inc. 12th 1 Klamath TU 4-3373 y
