PAGE I
HERALD AND NEWS,
MARKETS and FINANCE
Stocks
NEW YORK STOCKS
United Press International
' Allied Chemical S45i
Alum Co Am 69
American Air Line 30'i
American Can 4.15i
American Motors 21 'i
AT&T 13P'4
American Tobacco 291
Anaconda Copper 49
Armco 63'
American Standard 167a
Bendix Corp 49 '
Bethlehem Steel 32'a
Boeing Air 34' t
Brunswick ll'i
Ca:erpillar Corp 473
Chrysler Corp 93
Coca Cola 103'
C.B.S. R2'i
Columbia Gas 29'k
. Continental Can 43H
Crown Zellerbach 52'i
Crucible Steel 23'i
Curtiss Wright 19H
Dow Cehmical 62 'j
Du Pont 252'i
Eastman Kodak 114
Firestone 38' j
General Dynamics 25' a
General Electric 843i
General Foods 87
General Motors 89!i
Gon'l Portland Cement 22
Georgia Pacific 54'i
Gt Nor By 53'i
Greyhound 44'j
Gulf Oil 47'.
Homestake 455
Idaho Power 35'i
I.B.M. 49ivi
Int Paper 33'i
Johns Manville 483i
Kcnnccott Copper 773s
Lockheed Aircraft 35T
Martin 18H
Merck 1M
Montana Power 373i
Montgomery Ward ' 361.
: Nafl Biscuit 583i
New York Central 20
Northern Natural Gas 52
Pac Gas Elec 3I'i
Penney J. C. 44Ji
'Penn Ml 443i
Permanente Cement 16
Procter Gamble 79'
Radio Corp 93'i
Richfield Oil 4411
Safeway 62'i
Sears . 991.
Shell Oil 47
Socony Mobil Oil 67?
Southern Co 54hk
Southern Pacific 324
Sperry Rand i 17si
Standard California 64
Standard Indiana 63
Standard N.J. V2
Stokely Van Camp 2Pt
. Sun Mines '"
Texas Co. 67' '
.'-Texas Gulf Sulfur lTi
;;Tex. Pacific Land Trust 25H
:"Thiokol 22'i
Trans America 50i
Trans World Air 26'i
Tri Continental 47'i
Union Carbido 1I4'
Union Pacific 39
United Aircraft 4.1'
United Air Lines 375
U.S. Plywood 60' i
U.S. Rubber 47'i
U.S. Steel 53'i
United Utilities 40
Westinghousc 37'i
Youngstovvn 126
MUTUAL FUNDS
Prlcos until 10 a.m. PUT today
Hid Asked
; Affiliated Fund 8 46 9.15
; Atomic Fund 4 BO 5.24
Blue Ridge 12.00 13.11
Bullock 14.11 15.46
'. Chemical Fund 12.43 13.61
: Colonial Fund 11.72 12 81
Comw. Inv. 10.16 11.10
Diver Growth 9 08 9.95
Dreyfus 18.54 20.15
E & II Stock 14 40 15.56
Fidelity Capital 9 89 10.75
Fidelity Trend 16 81 18.27
Fundament jl 10 20 1128
F.I.F. 4 41 4 83
Founders Fund 6 70 728
Group Sec Com 13 83 15.14
Gr Sec A via LI 7.30 8 00
Hamilton 11 DA. 5 10 5 58
ICA lie.) 12.12
. Investor's Group
.Intercontinental 6 26 6 99
Mutual ll.4'.l 1242
Stock 19 41 2049
' Selective 10 47 1120
Variable 7 l 7 74
Keystone Sl 22 68 24.74
Keystones-.'! 15 21 16 60
Kevstone S-4 4 ." 4 77
MIT. 13.49 16 93
M IT C.iowth 8 51 9 30
Not'l Inv. 16.06 17 36
Putnam Fund 13 38 16 81
Putnam Growth 9 on 9 84
So!ect) Amor 10 13 10 95
Shareholders U 20 12 24
Sup Inv. Ser 7 19 8 71
United Acrum 15 22 16 63
United Canada 18 32
United Income 12.78. 13 97
1 United St-fence 7 24 7 91
Value Lines 5 33 5 85
Wellington 14 8 16 22
Windsor 14 48 13 74
Whitehall 13 96 13 09
LOCAL SECURITIES
Rank America fcV'i 63 '
Boise ascade 32'. 34'i
Cal Pac Util 21'j 26'j
Con Kincht ' 10.
Cyprus Mines 22't 24
Equitable S l L 3fl' 32'i
1st Nat l Bank 72 76
Jantzen 24' 4 2A
Morrison Knudsen 31
Mult Kennels 3'. 4S
N.W. Natural Gas M 35
Oregon Metal 1 1"
PPL 26', 28
PGE 24S 27
U.S. Nat'l Bank 89 83
Tektronix 23'. 24"i
West Coast Tel 23', 25'xd
Woyerhajusor 31') J3'
Tuesday, October 29, 1963
Klamath Falls, Ore.
WALL STREET
WALL STREET
NEW YORK IUPD Strength
in chemicals paced an irregu
larly higher stock market to
point in the chemicals. General
Motors moved up nearly 2 to a
new high for the year.
Xerox was up around 14.
Chrysler weakened.
Drugs moved lower after the
Senate monopoly subcommittee
confirmed that it is studying se
cret documents of a worldwide
cartel which allegedly rigs drug
prices. Baxter Labs, Merck,
Pfizer, Rexall and Johnson &
Johnson paced the downside.
Wall Street Chatter
NEW YORK (UPD-Colby &
Co. continues to be of the
opinion that the Dowjones in
dustrial average can advance
another fifteen points to about
775.00 before important correc
tion intervenes.
"Consideiing the present high
degree of speculation in some
issues, it added, we think
short swing accounts must be
very warm, but long term in
vestment managers can just sit
it out with holdings and add to
these during periods of inevit
able general market weakness.
Over the long term the stock
market is going a lot higher.'
Investment adviser James
Dines says that the correct
market strategy here "is to en
large the portion of portfolios in
selected uptrended issues, pro
tected by properly placed
stops."
"The fundamental position of
the market continues strong,"
says E. F. Hutlon & Co. "Earn
ings for the final quarter prom
ise to be good. tThesc will add
substance to the price rise which
historically takes place in No
vember and December in the
stock market. We look for high
er prices for the balance of this
year and into 1964."
Spear & Staff points out that
for the last month, the Dow
Jones industrial average has
been rather volatile within a
fairly narrow price range.
"Over the near term this pat
tern is likely to continue and
to be accentuated by trading
lor tax purposes and changes
in the short position. We prefer
to remain conservative and ad
vise limited purchases," the
advisory service bays.
Livestock
KLAMATH FALLS
Livestock Auction Market
Ont. 28
Receipts: All Cattle. 1300:
Hogs 6; Sheep 30.
Last week: Cattle, 386; Hogs
37; Sheep 5.
Compared last Monday calves
steady; Feeder steers and
heifers .50 lower; slaughter
cows and heifers .50 lower;
Market on slaughter barrows
and gilts not established.
Slaughter Cattle: Std., Hol
steins, 1200 - 1400 lbs., 19 -19.30.
Heifers: Good-Choice. 770-973
lbs.. 21-22 20; Std.. 830-1000 lbs.,
17.10-19.50.
Cows: Std.. 15.70 - 17; Cmrl.,
15 20-15.90: Utility. 13.10 - 15.50;
Cutters. 10 80 13 20; Canners,
7.90 - 9 00.
Bulls: Util. & Cmcl.. 1750
18 30.
Stockers & Feeders: Steers:
flood - Choice, 560 - 700 lbs.,
20 50-22; Good - Choice. 700-825
lbs , 19 50-21; Com.-Mcd., 500-750
lbs., 17-20.
Heifers: Good-Choice. S23-630
lbs.. 1922; Medium. 300 - 630
lbs.. 16-19 50.
Steer Calves: Good - Choice.
3IXV4.V1 lbs , 24 25 - 27 50; 4.V-.Vi0
lbs . 22 25-24 50; Com -Med.. 300
500 lbs.. 18-22.
Hotter Calves: Good Choice.
300-430 lbs.. 22 60 24 25; Good
Choice, 450 500 lbs . 21 - 22;
Good-Choice, 250 230 lbs.. 59
72.30 per head; Medium. 300 430
lbs., 1821.
Cows: Too few to establish
market.
Baby Calves: Medium, 22 per
head
Hogs: Sow. 4V lbs., 950.
SlK-ep: Slaughter Limbs. PO
lbs., 16; Feeder Lambs, Hood.
Clwice, W'hitclaie. 60 lbs., 13 50;
Slaughter ewes. 150-330.
HeporU-d by Ray O. Petersen,
comity extension agent.
POKTLWD UTI- lUSH.V
Livestock:
Cattle 300 Few cutlri utility
rows 10-14: several canner 7 9.
feeders some good-choice 600
800 lb steers 18-20; medium 750
100 lb 16-17.
Calves 75 Slaughter, good
vealers Soil lb down 21-26; lew
utility-standard 19 20; cull 11;
feeders. gvmd-choicc 30n-4jO lb
Mo rs 20-24.
Hogs 300. narrows and gilts
1-2 grade 200-23) lb 16 50-16 73.
Potatoes
PORTLAND aPI - Potato
market steady; luo lb skj
washed Russets US. No 1 un
less otherwise staled: Si?e A
Wash. 2 40; Oregon 1 R5-3 00;
few higher; bakers 2.754 83; 6
14 oi 2 60-2 85; M;ed 01 spread
S. 50-4 00; U S. No 2 bakers
2 25 2 35.
Appraisal Methods Differ
Between School Boards
(Continued From Page 1)
that question for presentation to
the county court. The court had
Gray Posts
Best Guess
In Contest
William M. Gray, Route 1.
Box 891D, came within 17
pounds of guessing the correct
weight qf a load of logs which
were part of a display at the
corner of Eighth and -Main
streets last Saturday.
The contest was conducted as
part of Hie observance of Na
tional Wood Products Week and
was put on by the Hoo-Hoos, a
local club composed of persons
in the wood products industry.
Actual weight of the load of
logs was 50.383 pounds and
Gray guessed 50,400 pounds. He
wins the first prize of a $50
gift certificate good at any lo
cal retail wood products dealer.
Second place went to S. H.
Loguc, Sprague River, who
guessed 50,450 pounds, some 67
pounds off the actual weight,
lie wins a $35 gift certificate for
wood products.
Third prize of $15 gift certifi
cate has been awarded to Mrs.
T. A. Johnson, 5128 South Sixth
Street, w ho guessed 50.300. some
83 pounds off the correct weight.
In addition to the log guess
ing contest, the Hoo-Hoos spon
sored a display of wood prod
ucts at the corner and other
wood products displays in busi
ness houses in the downtown
area.
Two Thefts
Investigated
Oregon Slate Police are in
vestigating two cases of larceny
involving a set of hub caps and
a transistor radio, it was report
ed Tuesday.
Clifford Magnunson, operator
of Shakey's Pizza Parlor, told
police that four hub caps were
stolen from bis car while it was
parked near the Lucky Lanes
Howling Alley about midnight
Monday. Magnunson lists h i s
residence as Eugene.
The other incident was report
ed by A. C. Cobb, Tulana
Farms, Chiloquin, who stated
that a pocket radio was stolen
from" his residence at the farm
sometime before 6 p.m.
Police arc still seeking clues
in each of the two cases.
Mrs. Cornett
Is Reappointed
Mrs. Marshall E. Cornett of
509 Eldorado has been reap
pointed by Gov. Mark O. Hat
field to the State Council on Ag
ing. She will serve with rcappoint
ees, Mrs. Constance L. Weber of
The Dalles; Dr. Clara L. Simer
ville of Corvallis; Dr. Edward
E. Rosenbaum of Portland, and
newly elected members to the
board. Ralph Dyson. Salem, and
Mrs. Gordon Shalluck of Salem.
Obituaries
STANPIILD
Bass Florr-nca S'anl.alrl, 10. (!'(!
h.r. Oct. 1'frJ Survivor: tiusnand.
Jwin Marion stanfl.id. lrn city; so
lars, Mrs hallla Oroya, ti'qpn.. M'l
Etta Ka.n. Catro Vanav. Caul. Mrs.
Lola PannlnrjIM. Ravnoofl, Wlihi
brothers, Edmuitd a"rt William Grilfm,
Klaoar. Wail. Hutiaral strvlca. Ward i
Klamath huneral Home, Thursday Cki.
Jl. at 10 30 a m Concluding larvlcat in
Elflrnal H IMS Mmorial Cardtns.
Funerals
NOLI N
Funtrai a,yifat tnr Wichaal Ei'iant
Nolan v., II ta said F'iday. Nov I. at
10 p m in ha F ir it ttapl't Church
Inlarmanl vtill ha In Klamath Mamor.
lal Park 0 Hair'i vamonal Chapel II
In charge
Grains
CHICAGO 'I 'Pit Grain range
Ittich Low ( lose
hrwt
Dec
Mar
Mav
Jul
Sep
2 17 2 14'. 2 15-2 IS't
2 2 1.V, 2 lfi'!-',
2 I4'i 1 Il'a 2.12V,
1 77. 1.7ti 1.7ti'.-i
ITS'! 1 TT 177'.
.71'.
1 tW( 1 57 1 57',
1 SP. 1 S'.l". 1 3H'j.'.
1 61 'i 1.5ft't l.Mt'i
1 5Ha 1 4!'i 1 W't
asked that the two city boards
and the county school board
reach agreement on a plan for
division of assets, but this agree
ment has been held up because
the two city boards and the
county board have not been able
to agree upon a common yard
stick for discussion.
The two city boards have had
a running appraisal of their
properties through the years,
made by an independent firm.
The county schools prefer to use
appraisals by an insurance firm
and have refused to pay for an
independent appraisal by t h e
city s c h o o I s' firm. The city
schools have offered, however,
to investigate the possibility of
using the county schools' insur
ance firm to make an appraisal
of city school properties. But
some city school directors have
remained cool to this proposal.
This snag in the division of as
sets discussions has led to the
probability that the city and
county schools will submit sepa
rate division of assets proposals
to the county court for its consideration.
Final Rites
Conducted
LAKEVIEW Requiem Mass
was olfercd at St. Patrick's
Catholic Church in Lakeview on
Monday morning for Florence
E. DeWitt, 74, who died Satur
day, Oct. 26. The body was
shipped immediately following
the service to Santa Ana, Calif.,
for burial at the Holy Sepulcher
Cemetery at Orange, Calif.
Mrs. DeWitt was born Dec.
20, 1883. at Pittsburgh. Pa., and
is survived by a daughter, Mrs.
Robert K. Brown of Quartz
Mountain Lodge, and four
grandchildren.
Funeral arrangements were
by Ousloy-Osterman Mortuary
of Lakeview.
UNICEF HELPS THE YOUNG The Youth Fellowship of Peace Memorial Presbyte
rian Church has invited young people of the Congregational and Methodist churches
to join in a "Trick or Treat" for UNICEF at 7 p.m., Thursday, Oct. 31. The young peo
ple will have special containers and armbands with UNICEF insignia bearing the slo
gans, "One cent will give a child five glasses of milk," and "One cent will protect a
child against tuberculosis." UNICEF is a program of the United Nations Association
and stands for United Nations International Children's Emergency Fund. Youth Fellow,
ship students of Peace Memorial Church, soatod, left, are Cathy Sickert and Linda
Huff. Back row, loft to right, John Sibbet, Richard Eastburn, Andy Ragland, modera
tor, and Bev Lyons. The group will return to Peace Memorial for refreshments and
games.
Firsf Hearing Scheduled,
On Homedale Widening
The first reading of a proposal
to widen Homedale Road from
Shasta Way to a point 260 feet
north of the south line of lot 54.
Fair Acres Subdivision, is sched
uled for 10 30 a m., Wednesday,
in the Klamath County Court,
the court disclosed Tuesday.
Some 33 property owners will
be assessed nearly $1,500 for Hie
street improvements which in
cludes paving along a ?'iv(oot
strip of the ro.nl. providing the
court approves Hie project.
public hearing on the pro
posal will lie held following the
second reading of the proposal
in the court at the same time
Friday.
The road improvement project
was recommended to the coun
ty court by the County Road
Viewers Committee, composed
of James Kerns Jr., Francis
I.amlrum and County Engineer
J M Creed .The committee has
ifiunimemled that property
owners of lots along that sec
tion of toad promised for im
New! Convenient!
ALL DAY
PARKING
at KUmath'i Lcrftnt Lot
City Center
Parking Lot
Betwatn 7th & 8th an Pina
Alio Monthly Parking
pocat tor Rant
iA WS r
tWrSii ess1 r
CONDEMNATION SOUGHT
Street cabins owned by H.
substandard and hazards to
started Monday night at a
Police Crack
'Theft Ring'
Probably the youngest burgla
ry ring ever was cracked Mon
day by Klamath Falls police.
the three desperados, aged 5.
4 and 3, were nabbed for the
burglary of a Pershing Way
home in which cash and jewel
ry were taken.
The trio two brothers and
their sister was spotted coming
out of the house by a neighbor,
who recognized the three as hav
ing lived in the house previously.
The three stoic jewelry and
$2.35 in cash from the house at
2512 Pershing Way after enter
ing through a rear door. The
jewelry was recovered and the
burglars' parents will pay back
the money.
Mr. and .Mrs. Doug Stevens
are the occupants of the burglar
ized house.
provement should lie coniien
sated on the basis of 5-1 to o( the
front foot value. The value per
foot is to be determined by the
county assessor.
All improvements which do
not physically interfere with
construction work shall be left
in place. Encroachment permits
are to, be issued for these im
provements by the county.
FREE
DELIVERY
SERVICE
ON ANY ITEM IN
THE STORE
Phnt Ui Your Ntedt
Deliveries Each
Day at
11:00-2:00-4:00
I IN THI VIIUGI COURT I
tt t M.I. im J-J471 1
These are ssveral of the
M. Mallory which the city is
health and safaty. Condemnation proceedings
Uity Council meeting.
City Will Buy More Salt
And Seek Second Machine
(Continued from Page 1)
The city of Klamath Falls has
been divided into six areas,
each to be serviced by a snow
plow. Paul Hamblin of the city
street department said each
plow will be concerned with its
area and will be in operation
until the main streets of that
area arc clear.
Three techniques plowing,
salting and hauling will be
used in the city to keep traffic
moving.
The city now has a halt-carload
of salt on hand and is call
ing for bids on another 45.000
pounds.
It has one salt machine and
Sister Visits 1
Mrs Clarence Fowler of Ford.
Kan., is a guest in Klamath
Falls She was met in Reno Oct.
2t alter arriving by jet. Three
sisters from here greeted her at
the Reno airport. Making the
trip were Mrs. Lois Brownfield,
Mrs. Karmyl Smith and Mrs.
lice Rnok.
The party made the trip by
car aimind Uike Tahue before
returning home
i O HAIRS
V 'mi nwin II
mint II
I smrun II
I II
--- -"Sttv'wg tht Entire Klamath Bin"i
t
more th
Sixth
seeking to condemn as
being
were
is seeking to acquire another.
Hamblin said the primary con
cern of city crews w ill be to keep
the main streets clear at all
times. These include the streets
in the business area, and such
other roadways as South Sixth
and Alameda Drive. As these
are cleared, the plows will turn
to the less important feeder
streets.
Hamblin emphasized that the
plows will not be on call for
individual problems such as
blocked driveways, because they
are needed for more important
work
It is planned this year that
the slate and the city will coop,
crate on keeping clear those
streets that serve also as high
ways. These include South Sixth
and Main streets.
Two Runaways
Give Up Here
Two boys, aged 17 and 14. who
ran away from their homes in
Oakridgc Monday morning
walked into the Klamath Falls
Police Department and surren
dered Monday evening.
The pair was to be returned
to Oakridge today.
They said they rode a freight
train from Oakridge to Collier
Slate Park, passing through 19
rail tunnels, then hitchhiked to
Klamath Falls.
Burglarized
Pharmacy
Klamath Falls police are in
vestigating the burglary of
Brodcrick's Pharmacy, 2212
South Sixth, which was report
ed Monday.
It is believed tlie burglar who
entered Broderick's may be the
same one that hit tlie AAA of
fice on Esplanade early Sunday
morning. In each case, the bur
glar neatly removed a pane of
glass from tlie skylight and
dropped into the building.
And in each case, nothing
value was apparently taken.
WILL SOON MAKE
BIG NEWS IN i
A KLAMATH FALLS J
MEMORIAL CHAPEL
20 South
of
I
Serving All
O'Hair's distinctive serv
ice is not limited to those of
one particular faith in fact,
just the opposite is true. We
can, and do, serve families of
all religious denominations
with equal consideration and
ability.
Condemnation Action
Aimed At 20 Cabins
Building Insector V e r n
Schortgen Monday night re
newed the city's campaign
against substandard housing by
beginning condemnation pro
ceedings against more than 2D
South Sixth Street cabins
owned by H. M. Mallory.
Schortgen appeared before the
City Council Monday night and
the councilmcn agreed to draw
up a resolution setting the date
for a public hearing on the
condemnation.
It was the first condemnation
action since Schortgen. City
Manager Robert Kyle, Mayor
Kobert Vcatch and the council
were sued by Frank Weaver,
owner of four buildings that the
council condemned as being sub
standard. Schortgen said the Mallory
cabins arc hazards to health and
safety.
In other action the council
postponed a public hearing on
the vacation of a portion of Oak
Avenue so that Modoc Lumber
might expand its facilities. Tho,
vacation has been opposed by
another property owner. The
hearing will resume next month.
The council also heard an ap
plication by Dugan and Mest
Chevrolet for vacation of a por
tion of Willow Street to allow
construction of a new showroom
by tlie company and a hearing
on that proposal w ill be held in
December.
The council approved a 10
year franchise for Klamath Ca
ble TV and also approved an
agreement between the city and
the South Suburban Sanitary
District.
A delegation from the First
Baptist Church appeared to seek
a conditional use jiermit so that
a new church might be built at
the end of Eldorado Avenue.
Proceedings were s t a r t e d to
gland this permit.
Councilmen approved pur
chase of a new salt spreading
machine, the construction of a
storage building at Moore Park,
and the sale of candy by stu
dents in the city.
Councilmcn approved pur
Designation
Uncertain
SALEM (CPU Highway De
jiartmcnt officials have not yet
decided whether to try again to
get a U. S. route designation
for the Winncmucca - to - tlie
Sea Highway, it was revealed
today.
An application for route desig
nation was turned down last
week by tlie American Associa
tion of State Highway Officials
route numbering committee.
Reason given for the rejection
was that the route was "not up
to acceptable standards" of de
sign and construction.
No state route number has
been assigned to the highway
and the highway department re
fuses even to recognize that a
Winncmucca - to - the - Sea
Highway exists.
The route begins in Win
ncmucca Nev., but there is still
controversy over where it ends.
Some say the terminus is at
Coos Bay; others claim Cres
cent City, Calif.
23 le&ti A(ja
Monday, October 28, 1940 Friday was o red Irtttr
rlov lor Klamoth Falls mivie (ons when no less than
live stors were in the citv within the space of o few
hours. Madeleine Corroll. Prcitcn Foster, Robert Preston
and Lynne Overman, stars of Porarnount's "Northwest
Mounted Police," stopped for fifteen minutes at the
Southern Pacific depot en route lo Canada, where the
film's premiere will be shown. Nelson Eddy, accompanied
hv Mrs. Eddy lunched at the Pclicon Cafe in mid-after- v
noon.
Tuesday, Octobfr 29, 1940 Frank Peyton wov elected
president of the S P. Cluh, social organization of South
ern Pacific Railroad emplo.es, ot their regular meeting
tost Wednesday night.
Widntidoy, October 30, 1940 Dr. ond Mrs. Neil
Black ore visitors in Klamoth Fol's from their home in
Portlond, house quests of Mr and Mrs Walter Woggr-ner.
They are spending port of the time hunting while here.
Dr Black is the former Klamath County health officer.
Thursday, October 31, 1940 Beulah Elliot, teocher ot
Bis, was o visitor in Klamath Falls lost weekend.
Friday, November 1, 1940 Mr. ond Mrs. Phil Schroe
Her base returned to their home on the Lakeview Highway
alter a week s vacation spent in Reno with friends
tntur With
Jlcutdbuf,
THE
UAIIUTY FIRE
Paul O. Landry
V. T. Johnoo
41 Main Straat Ph. TU 1 2524
AUTO PBOPMTT
chase of a new salt spreading
machine, the construction of a
storage building at Moore Park,
and the sale of candy by stu
dents in the city.
Tribe Files
Answer
In Lawsuit
The Klamath Indian Tribe has
filed its answer to a suit by
the U.S. National Bank seeking
to establish whether trust funds
can be spent for a study of trib
al properties.
The remaining members of the
tribe voted Sept. 20 to seek a
study of their multi-million-dol-lar
properties before voting next
spring on whether to maintain
the present trust by the U.S.
National Bank of seek olher
ways of managing their prop
erties. The bank contends that ex
penditure of trust funds for this
purpose is illegal and has filed
suit in circuit court in Portland
to determine the legality.
Klamath Indians also seek ex
penditure of tribal funds to com
pensate memlwrs of the execu
tive committee (or their efforts
on behalf of tlie Indians.
Their answer to the bank's
suit charges that voting next
spring without a study to sup
ply them with inormation
might result in "irreparable
harm" to the value of the prop
erties. The answer says that the
value of the properties might
exceed $30 million, but that the
bank recently estimated the val
ue at $18 million.
The Indians say the study,
which would cost an estimated
$10,000. would determine the
effectiveness of the bank's pres
ent management, plot what
termination of the trust would
mean to the properties, study
alternatives to the present trust,
and compare tlie present trust
to the alternatives.
The bank has yet to file its
answer to the Indians claims
and it is expected that the suit
will not come In trial before
the latter part of November.
Assault Trial
Nears Finish
The trial of Clayton Spencer
Schultz for assault with a dan
gerous weapon w as expected to
end this evening in circuit court
and the second-degree murder
trial of John Wesley Dean is
scheduled to begin tomorrow in
live same court of Judge Donald
A. W. Piper.
Schultz is charged with threat
ening to cut Richard Krieg with
a knite last July 11.
Dean. 57. is charged with stab
bing his brothoi-. Hasan Lind
berg Dean. .17. last July 8.
55 Years . . .
The Landry Co. offers 55
years of experience in serv
ing the insurance needs of
he Klamoth Basin os back
ground to provide insurance
service for YOU.
Ga.