r f
iness Review
By Floyd L. Wynne
HKKAI.D AND NEWS, Klamath Palls. Ore.
Sunday, October 21, 11
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.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-
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""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-
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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