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.