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About Herald and news. (Klamath Falls, Or.) 1942-current | View Entire Issue (Dec. 1, 1963)
New Tire Center Holds Opening Lcs Schwab Tire Center, 5757 South Sixth, Uie newest branch of a growing (ire sales organi zation in eastern Oregon, held its grand opening Nov. 22-23 in its new building. Tlie new Klamath Falls busi ness brings to 11 the number of Lcs Schwab Tire Centers in the state. Others are at Bend, , Kedmond. Prineville, Madras, The Dalles, Hood River. John Day, Fossil, Mitchell and Burns. Manager of the local center is Dick Turner. Keynotes of the Les Schwab sales program are supermarket savings on tires and related aulo equipment and complete customer service in pleasant surroundings. Turner said. In addition to carrying four lines of tires. General, B. F. Goodrich, Mohawk and Arm strong, the firm markets its own brand of snow tires featur ing a special walnut shell -sawdust tread. It also merchandis es batteries, shock absorbers, anti-freeze, wheels and seat belts. The firm's slogan is "The Tire Store with the White Floor." Other features of tlie center's new building on South Sixth are comfortable seating for custo mers in a warm showroom, full tire displays accessible to Hie customer and a canopy across tlie Iront of the building for han dling vehicles. Special services provided by the firm include a free flat tire repair service for women, free lire storage, oti-the-farm tire re pair and recapping at a cen tralized plant. General contractor for t h e huilding was K. J. Halaas. Jam ..... jwflRTIRE CENTER 4 , . TIRE CENTER OPENS Thii the Les Schweb Tire Center, grand opening Nov, 22 and Floor." fell HERALD AND NEWS, Klamath CELEBRATE 50 YEARS A simple ceremony recently in Portland observed the 50th anniversary of J. W. Copeland Yards, West Coast large retail lumber and building supply organization. Copeland, left, first manager of the first yard in Portland's Lents district, holds picture of yard on opening day. With him is George D. Teeny, president of Southeast Portland Chamber of Commerce. Company now has 72 yards in Ore gon, Washington, Idaho, California and Neada. Copeland Yards Hold Fete On 50 Years In Operation The J. W. Copeland Yards, large retail lumber and building -supply organization which has an important yard in Klamath Falls, now is in its 51st year according to Lou Kellison, local manager. He said the completion of 50 years of service was marked with a simple ceremony on Nov. 12. at the Lents yard in south east Portland, where the first yard is located. J. W. "Joe" Copeland, president and general manager, was on hand to re ceive a small banner from George D. Teeny, president of the Southeast Portland Chamber of Commerce. Copeland. from the start in Hie Lents district, new has 72 yards in Oregon, Washington, Idaho. Nevada and California. He vividly recalls the events ol 50 years ago because he was there for the yard opening and was its first manager. "Tlie weather was good." he remembers. "Lents was in a township and Foster Road and U2nd were gravel roads." Did he ever believe 50 years ago that he would end up with 72 retail lumber and building supply yards in Oregon, Wash ington. Idaho, Nevada and Cali fornia? "No. no." he laughed. "The yards have come pretty fast the last few years ' four yards were purchased in North ern California last September.' We've also known what hard times were." Today the J. W. Copeland Yards direct 72 outlets from headquarters. 119 E. Main St.. Portland. His firm handles more than 50.nO0.0HO board feet of rough and finished lumber an C. A. Bunnell Receives Honor Klamath Falls life insurance man Chester A. Bunnell Jr. has qualified for the seventh time for Mutual of New York's Na tional Field Club. Tlie club is an annual honor organization for sales leaders among MONY's 3.5O0 field underwrit ers in the t'nited Slates and Canada. Bunnell is associated with MONY's Tlwm,i5 L. Teutsh Agency in Eugene. modern new structure at 5757 South Sixth Street houses the eleventh of iti type in Oregon. The new itore held a 23. The firm'i slogan Is "The Tire Store with the White in By T'loyd Falls, Oregon Sunday, December 1, 19M nually, hesides all types of other building materials. Soles annually are more than $20, 000.000: assets are many million and the yards now employ ap proximately 425 persons. The Unique Copeland trade mark, a black cat on an orange background and orange build ings, was acquired by Cope land's father in 1912 when he and his older son, Lee, pur Mutual Savings Banks Plot Expanded Course NEW YORK (UPIi Amid all the turmoil in banking circles to day one of the more persistent voices heard is that of the mutual savings banks. Like almost all other type of hanks, they seek to expand. Their effort is directed at getting into .2 states, where they are now notlwants tn see lne slate banking oermitted to onerate. through eg - islation. Legislation has been in troduced in Congress to authorize federal charters for them also. The expansion effort is not en- ; tirely new, but in the atmosphere of self examination and outside nvestigation now going on in the banking industrv, it has attracted' ,u ; i,.i,,. naturally. The American Banker, authoritative banking newspaper, recently suggested editorially that that mutuals might consider "go ing all tlie way, and converting to full service commercial banks." Stimulating Thrift R. Stewart Rauch Jr., president ot tne iationai Association oi mu- tual Savings Banks, has replied tn this suggestion by saying, among other things, that it "ignores the i fedoral charters, the association lime-proven advantages to com- as ready to go into any non munitie.i of the mutual form of savings bank state and "make a financial organization." The heart !(.ase" for extending its type ol :0f the savings bank service, hejhanking through state charter- wrote, is single-minded dedica- lion to the vigorous stimulation of. This, he continued, would main thrift at all times..." iajn and reinforce the system of All banking groups are prepared "checks and balances of our to explain their problems and 'financial system that you regard prospects in house banking and so highly." In this reference, he currency committee hearings, so was appealing for the support of more will be heard of the mutual I those state banking authorities 'savings bank arguments, along Iwith those of commercial banks for ami against branching and i mergers. Review L Wynne PAGE-3 chased a lumber company at Meridian, Idaho. That firm had been using this symbol and the trademark came about because a black cat in the yard had a litter of kittens on Halloween. The Copeland family moved to Oregon in 1913 and the Cope land Lumber Company was es tablished. Joe Copeland was put in as manager of the company's first yard at Lents. Rauch reviewed a portion ot the mutual savings bank cam paign in an address for delivery to the convention of the National Association of Supervisors of State Banks at Williamsburg, Va., to day. Rauch told them the association : "J""-'" I" :- veu win exwuueu. and seeks expansion into new areas through state chartering. He said that in response to a three vear advertising program, the ition has received i 4.000 responses from people who want to know more about mutual "YuvTj " be established. He said the vast majority of letters came from states where no savings banks now exist. "So when someone tries to tell me that the United States is over hanked and that there is no need imr more muiuai savings DanKS. i nnw that that person simply S nt well informed." he said. Rauch said that despite the in troduction of a bill to authorize! nj w ho fear overextension of federal bank supervision powers Into areas which some slate banks re- j"ard as their own. Timber Co. Lists Stock Weyerhaeuser Company ot T a c o m a. Wash., 63-year-old manufacturer of forest prod ucts, was listed Tuesday on tlie New York Stock Exchange. Trading began with purchase of the first 100 share by F. K. Weyerhaeuser, chairman of the board, at a listing ceremony with Keith Funston, president of the exchange. Norton Clapp, Weyerhaeuser president, also purchased a 100-share block. Listed on the exchange were 31 million Weyerhaeuser shares. The stock, formerly traded over the counter, was assigned the ticker symbol WY. Simultaneous with the list ing. Weyerhaeuser shares were admitted to trading on the Pa cific Coast Stock Exchange. Weyerhaeuser is engaged in the growing and harvesting of timber and the manufacture, distribution and sale of forest products. Net sales of about J543 million in 19(2 were de rived as follows: Lumber, 29 per cent; softwood plywood, seven per cent: hardwood ply wood, veneer and doors, six per cent; manufactured panel products, three per cent; pulp, papcrboard and paper, 25 per cent: stopping containers and folding cartons, 21 per cent; milk cartons, five per cent, and logs and other products, four per cent. The company owns about 2.818,000 acres of timberland in Washington, Oregon and Cali fornia. Other holdings include about 541,000 acres near a Weyerhaeuser pulp and papcr board mill at Plymouth. N.C., about 163,000 acres in Missis sippi and Alabama, about 40, 000 acres in eastern Canada and about 12.000 acres in Ver mont. Funston said more than 17 million persons own shares of companies. "The marked growth in share ownership in recent years is one of the most significant de velopments helping to reshape the American economy," Fun ston said. "It has occurred in large part because the shares of so many companies, like Wey erhaeuser, have become more widely available to millions of investors." In the past 10 years the num ber of Weyerhaeuser sharehold ers has increased from about 4,500 to more than 21,000. President Clapp termed the stock listing "an important milestone in the growth of Wey erhaeuser Company." "Our present and potential shareholders will have imme diate access to a broad, closely regulated auction market in nnicn to carry out their in vestment decisions," Clapp said. Weyerhaeuser has paid cash dividends on its shares in every year since 1933. Quarterly cash dividends of 30 cents per share have been paid in each quarter since the third quar ter of 1959. Bank Plans TV Show "Dec. 7 Day of Infamy." the second of six documentar ies dealing with the major events of the century, will be presented Dec. 8 at 7:30 p.m. over KOTI-TV. The hour long documentary sponsored by U.S. National Bank makes wide use of Jap anese film previously unre leased in this country, reveal ing Japan's war lords plotting Uieir strategy of world con quest, and showing of American leaders in tlie decade preced ing Pearl Harbor. "Dec. 7 Day of Infamy," like others in the U.S. National scries of hour-long specials, is edited to present a full account of the triumphs and tragedies that shaed the world of today. Through special arrangements wRh United Artisls TV. t h e bank will present other exclu sive Wolper Television documen taries including: "Ten Seconds That Shook the World The Sto ry of the Atom Bomb;" "Ber lin Kaiser to Khrushchev;" "The Rise and Fall of Ameri can Communism;" and "The American Woman in the 20th Century." 1 ' MRS. ESTHER KELLEY Therapist Joins Staff Mrs. Esther Kelley has re cently affiliated with the office of V. J. Swanson, registered physical therapist at 1435 Es planade. Mrs. Kelley, also a reg istered physical therapist, is a graduate of Boston U. Sargent College of Cambridge, Mass. She is a member of the Ameri can Physical Therapy Associa tion and the American Regis try. Her husband. Bill, was recent ly assigned to Kingsley A i r Force Base. The Kellcys have four children. Having lived in California, they find Oregon most invigorating with its fresh air and multitude of recrea tional opportunities. The entire family are enthusiasts in hunt ing, fishing, skiing, boating and many other sports available here. Mrs. Kelley has worked in specialized centers for polio, ce rebral palsy, arthritis, stroke patients, neurological and ortho pedic conditions warranting physical therapy. She has also worked at the Cook County Hos pital in Chicago, III,, San Ber nardino County Hospital in California, Lubbock Tex., Cere bral Palsy Clinic and has been in private practice in San Ber nardino, Calif., and C I o v 1 s, N.M., for the past seven years. She will work with Swanson, the only other registered thera pist in the Klamath and Lake County area. Funds Paid By Penney's A special Christmas payment to associates at the J.C. Penney Company department store will be made tomorrow. Manager F. L. Hales ex plained that the payment will go to regular and part-time associ ates employed on or before Oct. 1 with the exception of mem bers of tlie management staff. Said Hales: "The special Christmas payment is one of many benefits available to Pen ney associates. It is offered as furtlier testimony of the com pany's interest in tlie welfare of people who contribute so much to our operation." The payment is in addition to regular company provisions for sick benefits, hospital and sur gical insurance plans, non-contributory group life insurance. Penco Prolit-Sharing Retirement Plan, discounts on purchases and others. The Roman Empire was founded after the death of Juli us Caesar. GUARANTEED TRUCK SERVICE AND REPAIRS We're Specialists on 4 wheel drive Willyi 'Jeep' vehicles, but we are equipped to serv ice all makes. JOE FISHER Lincoln, Mercury, Comet Willys 'Jeep' vehicles 77 $. 7th Ph. 4-1104 Imirftncr Pk"t: Chorlit Romp, 2-451 New Lease Offer Opens A new leasing service for trucks has been announced by H. O. Juckeland. head of Jucke land Motors, 11th and Klamath. Tlie service is another expan sion for Juckeland Motors, and will offer trucks from pickups on up to tlie larger sized trucks for lease to individuals or to businesses. Juckeland .Motors offers these trucks on either a net or a gross lease basis. On the gross basis, Juckeland Motors furnish es the truck, Uie insurance, the repairs and maintenance as well as fuel while the net basis pro vides only for the furnishing of the vehicle. Leases can be made on any basis from one to three years or more and can be made on either new or used equipment. "Leasing has become quite a large segment of the automo tive field," Juckeland said, add ing, "It enables the businesses and the individuals o use their capital funds in other fields rather than tying K up in ve hicles." He pointed out that his firm has complete servicing facilities for all vehicles and that the leasing department will be han dled by Robert Tardiff. Mound City, near Chillicoth, Ohio, is one of the strangest of Mound Builders works. 11 has 25 conical mounds on a 60-acre tract. Advertising is news, too! Ml i feting U' k ". A -4L IT ALL TYPES OF TIRES The new Les Schwab Tire Center at 5757 South Sixth Street features four lines ot tires, General, B. F, Goodrich, Mohawk and Armstrong in addi tion to its own brand of mow tires featurinq a special walnut shell-sawdust tread. This view shows a portion of the interior of the new tire center. Impact Of Stock Split Plan Of ATT Explained By Editor NEW YORK lUPD - Some idea of the impact upon the fi nancial community of a stock split like the one proposed this week by American Telephone 4 Telegraph Co. can be gained from a look at the number of outstanding companies on the New York Stock Exchange. The outstanding shares are those in the hands of the pub lic, not held in a company treasury. AT&T this week announced plans lo issue rights for the purchase of stock in February on the basis of one for each 20 shares held; increase the divi dent in April, and split two for one in June. The New York Stock Ex change listed companies have about 8 billion shares of com mon stock outstanding. Tele phone at present ranks second to General Motors in the num ber of shares outstanding. GM has about 2K4 million shares in the hands of tlie public, Tele n n Good advertising is news because it gives each person needed information on goods and services on which to base everyday buying decisions. The daily newspaper is the basic advertising medium because newspaper ads do not depend on intruding on a per sons other thoughts and activities. Newspaper ads are wel comed and sought out by the reader at the time of his own choosing. Newspaper ads always are at hand when wanted, and can bo referred to time and again. Newspaper circulations are known and documented. Facts are available from the Audit Bureau of Circulations. phone more than 244 million distributed around the nation. It ranks top among the widely held issues in the number of shareholders, with more than 2.4 million, a fact which is most pleasing to the businessmen who run AT&T. Based on the present round number of shares outstanding, the AT&T current stock is suance proposal would do some thing like this: Exercise of all the rights would add a little more than 12 million shares to the total pres ently outstanding, bringing it to better than 250 million. Then the two-for-one split, assuming the certain approval of stock holders, would result in a whop ping total of more than 512 mil lion outstanding shares, far and away the largest number of any on the exchange. The totals could be expected to be higher if the present and future number of shares were At regular intervals one of the Bureau's large staff of experienced auditors makes a thorough inspection and audit of our circulation records, just as the bank examiner makes a check of your bank's records. The information thus obtained is published in official A.B.C. reports. When you buy space in this newspaper our A.B.C. report tells you just what, in circulation values, you get for your advertising investment. figured on a full, rather than rounded-off basis. For comparison, here are ap proximate outstanding share figures as of October for some of the other widely held stocks of corporate giants familiar to tlie U. S. Investor: Standard Oil of New Jersey, 21B million; Texaco, 127 mil lion; Gulf Oil, 104 million: Pa cific Telephone & Telegraph, 104 million; General Electric, 89 million; Royal Dutch, 81 mil lion; General Telephone & Elec tronics, 75 million. PICKET WHITE HOUSE WASHINGTON (UPI)-A group of 350 chanting, Bible-waving men and woman picketed the White House Thursday to urge that prayers be permitted in all public schools. Many of the demonstrators said they came from all over the nation and represented no particular denomination. "1 yU. Thil ntwtpoper li a mmbr of lh Audit lurtau of Circulation. Advirtiun en Invind Is oik for s coey of our loltif A.I.C rtport.
