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.
JOE FISHER
Lincoln, Mercury, Comet
Willy 'Jeep' vchiclcl
677 So. 7th Ph. 4-1104
Emeratncy Phonti
Chailit Damp, 2-4VS8
HERE'S PROOF YOU'LL
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Quality Job
No Job Too Large or
Small
Deodlines Met on Time
Satisfaction Guaranteed
customers come
back'
and, our
mm
Printing, Inc.
12th & Klamath
TU 4-5373
1
ie
before you build,
mister.
stind out why
over 100,000
businessmen
decided on a
BUTLER
BUILDING
For industry, commerce, the commu
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atandatd by which pre-engineercd
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Only Butler givea you to much quality
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. i.. it..
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Call ua aoon for full detaila. Financing
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BENNINGTON
STEEL BUILDING CO.
5059 Bryant TU 4-3334