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About Herald and news. (Klamath Falls, Or.) 1942-current | View Entire Issue (June 16, 1963)
lllf Business Review ftf$5,r! - V" HERALD AND NEWS, Klamath Falls, Orrgoa Sunday, June 16. M PACE 3-D tjHL-nr - Credit Law f fw:wV.i?Si:r"r fi iSeminar UwJ i- 'WS Scheduled r'V I ! H iJ-V ! M .JiMl. i- Profound changes in the cntnc t ' ,IS J, FILL 'ER UP Work is progressing on the Tidewater Associated Flying A Service Station at Fourth and Main owned by E. D. Peterson. Peterson has been in business at the same location for six years. The new station replaces an outmoded structure. Cole Construction Company, Portland, is the contractor. Maiority of subcontractors are local. Benjamin F. Lambert and Sons have reopened a Flying A station in the motel district of Wocus that has been closed for a year. Fort Creek Resort Owners Add Many New Improvements Recent improvements al t h c Fort Creek Kesort on Highway ,62. 25 miles south of Crater Lake, have been completed by the own ers, Mr. and Mrs. Duane (Betty) Wood in time for the summer tourist season and to accommo date local residents who enjoy ! recreation in the pines. Overnight guests are welcome. Mr. and Mrs. Wood are as sisted by a son and daughter-in-law, Mr. and Mrs. M. Maynard Wood, recently of Los Angeles. They arc parents of three chil dren. The owners have added a large. and motion pictures, restaur with tables and counters, serving breakfast, luncheon and dinner, specializing in chicken dinners. A interesting bit of history is involved in the new recreation hall which encloses a fireplace Profound changes in the entire business credit structure will take place when Oregon's uniform code goes into effect Sept. 1, and one business group is exhorting firms, particularly those extending com mercial or wholesale credit, to learn everything thev can about it. The Oregon Association of Credit Management has booked a semin- ar on the new code at the Eugene Hotel in Eugene Saturday, June 22, starting at il a.m., announces Donald L. Hocking, seminar chair-1 man. Earlv registrations include! several from Klamath County. mx attorneys who specialize in practicing or leaching credit law j will staff the panels, which will1 be open to business and credit men of Southern Oregon. j 'The new code is complex and ranj! far-reaching. ' declared Hocking. IF- a heated swimming pool with pool-j built ol rocks used in the fuun side turniture, a new recreation hall equipped for showing slides . JVF'S' : : it... .t-h. to adapt to them can lead to fl;itinn of hniMinnc .nt tim nirl , unanciai losses, ivoariv every armv lort. Kort ' Klamath. o. company has a dircrt interest." catcd nearby in the earlv days. T"!''"' SIX slalcs now hilvc . .. ai'ted the unilorm commercial The trailer park bes.de t ort a trPmcndous .cad ,rom Creek has modern hoi.kup fanli- onv ,jx css ,., tllroo ties. A camp ground is under L " construction. All cabins have been! Atu,,ualK.e r more ,., , placed on new foundations and arcadv js assurcd al E ,edocorat.Kj with mahogany pan- eli w Kupfer, executive ehng Trmit fishing is permit ed vic(, ,sj(k,n( of th(, sori m fort Creek that crosses the!0Am Morc than 250 McM prnperiy. mere is an ci)iupK'u playground for children. The resort will be open to the public until after the duck goose hunting season in the fall when il will close for the winter. Open house for the fifth anni ROBERT CHILCOTE R. Chilcote Earns M.A.I. Distinction Robert B. Chilcote, local real tor and appraiser, has been awarded the M.A.I, designation by the governing council of the American Institute of Real Es tate Appraisers. Official action on the award uns el and even at retail, and failure ; Uikvn at the annual meeting of the group in Chicago recently. The award culminates a num- who is manager of Tillman and Bootlr Inc.. Eugene wholesale firm doing business throughout Oregon. "Its changes affect cred it relations at the wholesale lev- versary of the business is planned for the near future. WINNER Earl McCarthy, right, salesman for Fire stone Stores, Klamath Falls, won a trophy and a free trip to the company plant at Akron, Ohio, during June. He left Klamath Falls June 8 for the round trip by air. He is a personal guest of J. A. Mason, manager of tire sales for the Firestone Tire and Rubber Company. McCarty won a contest on the sale of truck and tractor tires dur ing March and April, competing with other salesmen in all of Oregon and Southern Washington. The presenta tion was made by A. L. Gemma, left, manager Fire stone Tire Sales, Portland District. a similar seminar in Portland June 6. Hocking's firm and OACM dj !.,,(- i n-n c v i.i.i, a. Portland 5. Panelists in the morning on bulk transfers and sales are attorneys Edward Buyric. K. W. Nahstoll and G. N. Gygi. all of Portland. Afternoon panelists, C. E. Zolling er, vice president, legal staff. First National Bank of Oregon; K. S. Summers, assistant proles sor of law, University of Oregon, and K. B. Miller, Portland attor- ! ;... u:n -r ' j NEW YOltK HJIMi-Tliis is al"'1""' thirstv nation, and m-ulv re. ' transactions, contract rights and leased marketing survey h a s j d';'tu'1 P;VK'r rh,l ;.,. il,. ,..l,r..f a. Moderator - c m r.-nri Ki. ti. im..ri Dehiier. profes.r in business can public and how" the demand ministration. Portland State Col for them shapes up in the future, j tf,e' It finds that a mom? all the I drinks available, carbonat.,1 to- , ' " ATKK nil Iffi erases rank second only to the I U'Ppe" or water ouzels, have i,.-,H,.r mill- ii.nir v.j,,mn pi,iL-tl,e remarkable ability to walk un- over tiial estimated (or packaRedlor "al'r- w'lh tt,"'KS '''r,!y 0K'"' , Pop Lead List Moderator will be Dr. Albert II. ad- New Products beer, canned Jiuit juices drinks. lituors and tea. The figures on per capital con sumption may he surprising to some. Tin- market study, hv a 1 department of American Can 1 Company's crmrate commercial j research department, found that 1 1W1 sales totaled about live ounc , es of soft drink ier day for cvei y man. uoman and child in the country. and a w;ilKS aiong inc noiiom, real esuue feeding on water-duelling insects, j school. her of years of work by Chilcote to attain this distinction. Fewer thali 3,500 appraisers have quali fied for this designation since the Institute was founded in 1932. To receive the M.A.I, designa tion, Chilcote had to be at least 30 years of age. have had a mini mum of live years' experience in the practice of appraising, had to submit at least three accept able reports on fee appraisals to he graded by the institute, had to pass a minimum of two examinations, and had to have the recommendation of appraisers familiar with his work. Chilcote. one of the owners of Chilcote and Smith, real estate firm, has been a realtor and ap praiser for 19 years. He is a mem ler of the American Right of Way Association, vice president of the Klamath Traders" Clul: vice president of the Multiple Listing Service, and a long-time member of the Klamath Falls I(o tary Club. The term M.A.I, means "Mem ber, Appraisal Institute. "The in stitute has won nation-wide rec ognition for its work in the field of real estate education. Each vear it offers its case-study cours es in cooiK-ralion with leading col leges and universities. It provides an annual $1,000 scholarship to a student doing graduate work in an accredited CF Drivers Mark Million Safe Miles Seven residents of Klamath Kails were among the 2-Xi Portland-based drivers of Consolidated Krcightways who recently achieved more than a million con secutive miles without an acci dent, it was announced here to day by John Helanger, CP's West ern Area Personnel and Safety Manager. Participants included S. M. Ben nett, 813 linsewnv; M. A. Bidwell. lit. 1, Box 40-1: W. E. Carroll, 2837 Altamont Dr.; It. L,. Ciale, 2ii4 Hope; M. H. Hainan Jr.. H20 New castle; It. K. Ilerzman, 2512 Shas ta Way. and J. E. Shaw, 1M0 Manzanita. all of Klamath Falls. The million mile record was achieved between April 4 and May 14, during which the Portland Drivers accumulated 1. 157.4?.) safe miles. The feat of the Portland group was one of three such safety rec ords notched by Consolidated Kreightways drivers in recent weeks. Million-mile achievements have also been attained by CK drivers based al Los Angeles, Calif., and Kansas City, Mo. In 13B2 the trucking firm's driv ers accomplished a total of nine separate million-mile records. The Portland drivers accounted for two of these, and added substan tially to the membership of CF's exclusive "Million Mile Club." Their recent achievement will earn another silver star fur their Million Mile Club uniform patch. Consolidated Frcightways is one of the nation's leading common carrier trucking companies, serv ing 34 of the nation's 50 largest metropolitan areas. ml0lrri J,- "1. OPEN FOR BUSINESS Cec's Signal Service, 76 Main Street, next door to Mola tore's Restaurant and Motel, is open to the public. The modern new structure replaces one in use ior several years, since Cecil A. Killion took over the management in Octo ber, 1946, in cramped quarters. Business hours are 6 a.m. to II p.m. Cole Construc tion Company, Portland, was the contractor. Nev York Stock Exchange ic Governor Post lly jksse nor.i'K VIM Financial Kditor NEW YORK (UPI-Whcn the New York Stock Exchange named a new public governor last week, a few old-timers on the street recalled the hot debates among members more than a quarter century ago w hen the idea of pub lic representation on the board first was proposed. The latest to be elected to one of the three public governors' posts on the 33-man board was J. Victor Herd. Chairman of the Boards and Chief Executive of ficer of the Continental insurance Companies. The Milwaukee-horn Herd, who started out in business as an ex aminer for the American Central Insurance Co. in St. Louis,' in PJ17, has held a succession of high ranking jobs in insurance companies and insurance associa tions in the years since; an im posing list of directorates, both on corporate boards and on those of philanthropic and educational groups. Represent Viewpoint Function of the public gover nors is to represent the public viewpoint to tile exchange. The nominations made by the presi dent of the exchange are made from among leaders in business, commerce, or education. The public members are elected by the board; tho other members. except for the paid president of the exchange who is an cx-offi- cio member, are elected annually A7 Oflr 1 Hotel Owner Suggests Hospitality, Service NATIVE SONS Mark Hatfield, center, governor of Oregon, discusses Aerojet-General's Azusa plant with two native Oregon sons, W. L. Rogers, right, vice president of Azusa plant, and his assistant, Robert C. Brown, left. Governor Hatfield was touring the company's Southern California plants before speaking at its Management Club on June 10. Brown, born in Portland, attended high school in Klamath Falls and gradu ated from Reed College, Portland. Rogers is a native of Pendleton. from members of the exchange it self. First of the public governors was elected in 1938. The creation of these posts on the board was a part of the revamping of ex change rule which took place in the late 11)30 s and beyond, and resulted irom activities of the Young Turks," who were deter mined to rebuild public confi dence in the exchange and in the securities business as a whole. It !iad been badly buffeted by in vestigations which followed the market crash of 1929. Other basic changes made at that time included the creation of an ample paid staff and cutbacks in the power of the old committee setups. Provision was made (or out-of-town membership on t h e board of governors. Met Opposition Not all of the steps were taken without opposition. Some older members were convinced they were not necessary, but tlie "Young Turks," under the lea dership of William McChesney Martin Jr. and others, prevailed. working closely with members of tlie Securities and Exchange Commission, itself a comparative ly new group then. Public governors are elected to one-year terms; the practice has been for each to serve three terms as did Thomas B. McCabc, Chairman of the board of Scott Paper Company, who was Herd's predecessor. The board meets once weekly. and one meeting a month is a xlicy meeting; it is at these that the public governors are most likely to make known their views on activities, present or future, of the Exchange. Greyhound Picks Regional Manager Advancement of I!. N. "Hob"(liMirult tasks in 1M8 when lie SKI.F-PI.ANTING FLOWER Each seed of the flower Alfil- aria has a coiled tail that hooks rides on passing animals. When the seed falls to the ground and gels damp, the tail uncoils, some times twisting the seed into the earth And thus planting itself. NEW YORK HIIM.-S. Joseph, wondering whether New Ynrk, ,,,, f V.snrv.sed the entire ground Tot;il piircha.ses of the p;irk;iul Tunkmis travels about 2(Xl clays a ,miht not be building too many ami in his wanderings has hotels lor the inkcpers economic product are estimated to have manager for Greyhound Line, jnlisporlnlion plan for the Winter NEW YORK lUPI'-With most rof tlie nation taking to wheels in earnest (or the next few months new products for motorists take the spotlight. For summer fun that involves rubber boats, backyard pools, beach balls, or air mattresses. Gloy's of Larchmont. N.Y.. oilers a midpcl - sized automatic air pump that can be plugged into fool cord, pair light inc ivoriimcsi. wun ncno.uai icrs ., mteralk,n thousands of snee- in .Seattle, has been announced ;i,-,(rs were moved in and out of gone above S2 billion at retail last la(.n,ljroa snmc decided ideaslt.rimfort- , acquired the IJclmon ..... - - I- mor" to was V (,n!:,hout hotels. .,..., u..a. "'(Several individual staple food . ., . , , " '. """' ' , : by K. E. Thomas, president oflSquuw Valley daily over snow as well. Plugged ii.tolprodu.ts -Tank, at 42 is pres. k nt of , sme years earlier. I-aenulrediy , ' . ,' ' , ,. , . . .... . T;,nk()S Vaimon UK... real esiaie,i,.n,.h t-.o. iho m.i Cn onv t.reynourai s u-siaic nesivin wiv-i ........... careiie ugmcr sot'Kct on a 12- me company s punic imeresi , , , - - in makins Ihe survev was to k- ","-l-m '"" '" - ' llolcl at .-aim neacn. ana nas ision ' I I ';.-! Clnt.ir ..nrl I -nnti fie un . i .... . .1 . enter- volt batter)', the 15-uatt bu!b is said to provide the intensity of an tcrminc the prospects lor the er, and a determined man enough so that lie has leaded two ordinary fiO-watt bulb. Tlie drain hy ne-m , ,hc couiUit' OH the battcrY is fine ;.mrvrp Ovrrtll tnr fnnnH thai thn r-.itf equivalent to one parking light. A of per "capita sales had sed hotels to make sure that h,s ideas . .. , . somewh-it in the nasi decade In'1" "c put into elleet-at a strong magnet in the lamp base m":' ' "V, , d ' , , r '"inrnfit. any car cigarette lighter outlet, allows mounting on any metal j(rora .lbout ,2 unj5 , vcr ,,! 1st October, wcigiunc oniy 'i (Kiunus, ine new s(((vc (((s(((e h uu(M((c nit-car.ip,. K.rson . that many Lectro-Flate pump oixrates on 12 Weighing less than a pound, it volts. It features a built-in check can be folded into less than six against over-inflation, automatic- Indies of space, or can be hidden ally shutting oil when proier air under the dashboard and the 17 level is reached. I inch (k'xiblp gooseneck pulled out wllen nc-ded United States and Canada, as well turnrd lhat nln a lhriv as overseas. He is a speedy worK-' ns(1 "Quite a few of the Jet Set stay there," he explained. "Hotels aren't really my busi ness." he continued in an inter view. "They're a sort of hobby towns and cities miles away. Dick is married, and has a son about the real estale time with me; Mod that for all theiPast three years. He replaces I.:- r(..L ...II in ins ... .s.( "V'ljn attendance at the l.'nivcrsily ol direct Greyhound s oiierations in i, ....... ' I1IC HlCa tlll.MIIrt.-OI(IK ..OIItllK Ion. Oregon. Idaho and parts of Utah. Montana and Wyoming Dick has lieen serving as as sistant regional manager for the For the toll collector who some- times seems to have his hand out ' For jxiwer steering eflitieniy. at every crossing. Knkay Prod-'Kupro Corp.. Clucan. suie-i-v ucls Corp.. New York, makes ai Power -Steering Cure, said to lie a i handy device to hold change in (preventive and correctie lor all -convenience and safety. Tlie unit, j power steering seals. The ln per consisting of two cylinders with a 'cent petroleum product is said to-pop-up device (or co.ns, fastens! restore s-als' elasticity, prevent to any flat surface door panel. internal leaks and squeals, and safety seat belt buckle, or dash: prevent drying ol seal-. panel. Cylinders snap out so the j driver may use chanae holders: j for parking meters or telephones. PlurnbWCJ PITm For short dnvers-and particu-! jj EnrHlttO larly for women who drive with MOQ5 rOfclllTICa ticn neeis or .or pre.nam o,,h- commercial installation t-zee-un rrooucis. inc.. i mou Citv. N J.. makes a gas pefl.u ex Pl'.imbmj ami ll A new I and service department tor ..... t. ... -,a,i..H tender ot steel ana ruc.nr. "-',. ,., to stretching and straining to reach cas ncdal. Ix-lps prevent tired stalls .u .s - M s,iuil s,xlh or truck fas pedal, f-nminates I In announcing tlie increased j . .i ... .. f,irnoitnv taflltles nu ner not nes. in leg ana iwm; owes ' . ,. , ., . i with sculling of heels and scarring 'Brown, said rrcd Kirsyther. wno r.f floor mat bv high heels. has been with the comny for J some lime, ill manage the new- i- t.... i :..4r- iievelon. denartment to open June l j Colls ni.li nii--'( ivv.... r i ' , Will He lateen ai an uror ua oi AVERAGE EARNINGS OF MEN AND WOMEN WORKERS 1960 AVERAGE ANNUAL WAGE OR SALARY INCOME J5,417 ALL I WORKERS Work. I . I MEN WOMEN J J5.755 Monoge'l, Officials Piofeliional E workn r, ss-.-i r:z.. i-.-zrz w 384 Oprolil irTOTrjBM I 4'977 s ll $2,970 5ntict 1 S4.089 c,fi"i I z hotels tlK're are in this city and in the country, there's room for some with touches of rcai old fashioned service and hospitality. "I mean the little extra things. I. ike here 'lie waved in the pen W. If. F.ggcr. who has been named executive vice president of the Greyhound Corporation's eastern division, administered from Clove land, Ohio. I A 20-year "Greyhound man." GUARANTEED TRUCK SERVICE AND REPAIRS nxnt Co., Brooklyn, ounes a nun slare lamp tor autos. dinned to permit rcaiinc wiUvnit dilnrhing dritir s viMon and. u;th it r;;!H- nikht. Br'in hd txrn in luivncs for 3ft yrarv . WAGE DISPARITY Differences in earnings between men workers anl women doing the same work under similar conditions are illustrated in this Newschart. The figures are for 10, the data from the U. S. Department of I,abnr. In 1 96 L niorjian income nf males was $5,655 and $3,351 for females. Starting wlanes for women coliere graduates are $50 to $100 less than for men. In industry, women machine operators and a emblers received an average $1 .70 an hour as compared to $2 for men. A National Office Manacemnt furvey in 1961 showed a third of nearly 2.000 employers had a double pay standard for men and women employes. r;il direction of Delmonieo's lob- Dick h.ts had wide experience in hyi ue keep extra telephone op-i(.ujerviiry positions with the 'erntnr. It isn't rffic irnt hut then J company in many parts of the la ynet doesn't havp to han on West, intludmc assignments in n n'mne .md wait for an answer, ! Keno, Salt U'ike 'ily, Thoenix eiihrr " land San Francisco He was named I Much nf the work done hv Tan- " "" ,tn( "f 'ireyhnund's most kois Yarmon iJd. is in Canada, jpartifiilarly Western Canada. Tankotis. uhove father was a nal estate at.'pnl in New York 'f'ity. went to Canada at the he ihe.t of one of the United Slates' larje-t private fortunes to look (int'i (lie ptssihilities of real estate .investment He met Klliot N. Yar- mnn. a real estate investment ad iVivcr and attorney, the previoti 'war. In !''. they formed their 'company. f'T the purchase of pro;KTties throughout tlve I,min j ion "Wo move fat." T.ink'tos wnd. "We're sort of bargain buyers, j ' Hut if vimentie has somethint! to move in a hurry, they call us, ; There are not many firms that a prow live buyer can call and i v.iy "how aljout that buildms at ii(hanl-siuh a corner in Ol- lary'' and fet an answer in the :.ame rail. But we can give that information." j We're Specialists on 4 wheel drive Willys 'Jeep' vehicles, but we are equipped to serv ice all mokes. 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