Logansport Pharos-Tribune from Logansport, Indiana on June 20, 1962 · Page 6
Get access to this page with a Free Trial

Logansport Pharos-Tribune from Logansport, Indiana · Page 6

Logansport, Indiana
Issue Date:
Wednesday, June 20, 1962
Page 6
Start Free Trial

The Pharos-Tribune Editorial Comment. Longcliff Needs Informative Speakers Donald Brown, director of nursing service at the local state hospital, has pointed out a need which few people knew existed there. That is the need for informative speakers. Many of the Longcliff patients are hungry for knowledge .which they can get in no other way than by listening to the infrequent talks given there. This is an opportunity 'for valuable service and good practice on the part.of members of the local Toastmasters club particularly. However, others might, well consider this opportunity for service also. If school teachers, in the Longcliff district could give a number of talks there, hospital officials would not have to worry about a shortage of informative speakers at any time in the future. MEETING AT THE SUMMIT Only Half as Bad The percentage loss in the recent stock market gyrations was only half as bad as it was in the 1929 crash. The dollar loss was more than three times as much, however, due to the increase in the number of corporations listed on the Big Board and the enormous increase in the price of their shares in the 33-year interim between the two worse periods in the history of the stock market in this country. These conclusions are based on a study made by Harold Clayton, market analyst for Hemphill,- Noyes & Co., one of the older established brokerage houses. , . At the end of 1928, the value of ' Big Board stocks was $67.5 billion. By the end of 1930, they had shrunk to $22.8 billion. The Idas was.$44. V billion, or about 66 per cent. From their 1 1961-62 .highs, 1128 common stocks—almost the entire list on the New York Stock'Exchange — dropped $153 billion to the lows made this year prior to June 1. This amounted to 35 per cent of the value of more than 7 billion shares covered, from top to bottom. The drop since June 1 of more stocks to new lows for the year deepened this loss. Douglas 'Dillon, 'a former stock broker who is now Secretary of the Treasury, gave the Senate Finance Committee his informed judgment for the recent market drop. The average stock price had risen to 23 times current earnings and some "glamour stocks" to 40 and 50 times. Finally, the investing public realized the prices were too high and began to sell. There was no longer a need for a hedge against a non-existent inflation. Dillon pointed out that many investment advisers believed that a stock selling at a price 15 times current earnings was probably on a pretty sound basis. And, .he observed, prices are just about reaching that area. That is not an invitation to buy. It is only- one man's opinion, even though -he is the Secretary of the Treasury. The market determines the price-earnings ratio. And -the market has been hard put to it to make up its mind recently, as millions know to their sorrow. In the Past One Year Ago First story of Logansport's three municipal utilities written by Gleason Kistler appeared . . . Modernizing city's plants. Logansport school board grants contracts , . . Start work, on high school project soon. An "open air" transportation device, dubbed the "Toonerville Trolley" by Chief Engineer Don Griggs, made its appearance on the grounds of Logansport state hospital . . . Army surplus materials were used in constructing it. Ten Years Ago Two coroners heard evidence in Swisher death . . . Passenger says driver speeding before collision . . . Witnesses at inquest report another car forced off road.' Lay plans for child guidance clime . . . Representatives from various local,organizations meet at Logansport state hospital. It's illegal to shoot or sell firecrackers according to warning of Logansport's Fire Chief Joe Graffis, Twenfy Years Ago A son was born in St. Joseph hospitaMo Mr. and Mrs. Ralph Galbreth, rural route 2. Walton's softball team defeated Royal'Gehter 15-6 in a game at Riverside park in Logansport. Father Eugene Zimmerman' was appointed assistant pastor at St. Joseph''church. . , Fifty Years Ago Sims and Alspaugh of Frankfort purchased the Simeon J. Carroll elevatorat Royal Center. Mr,-and Mrs. John Murphy of 211 Vandalia street left for a ten-day vacation at Kansas City. ... Jay D. Taylor, local jeweler, returned* from • jewelers' convention at South-Bend. WALTER WINCH ELL Broadway and Elsewhere The front-pages: VJFK warns critics to get in slep and unite." Every President desires unity, but no Chief Executive worth his salt would demand blind support. . . . Complete unanimity of opinion is not harmony—it is tyranny. The freedom of the Loyal Opposition is what gives liberty its essential value. I don't want to be one of the Cast; I want to be the Critic. Item: "Politics make strange bedfellows." Thatz why lotza Americans don't sleep good lately. From the papyri: "Scandals rock Administration.'" Yes, ain't it a shame the way the Big Democrats are embarrassing the Little Democrats? Intoned George Raft: "I've been lucky. To be raised as a poor kid without any real education and have the kind of life I've had, that's' Juck all right and I have no regrets. I'd like it all over again. Only this time doubled." George George Raft Raft. Bob Hope quipped: "The price' of steel is so low I hear President Kennedy is even buying some." And the Estes-Messtcs is reminding the Administration of the price of steal. Radio-tv historian Jack 0'- Briari's skewp: "Stan Frankel, FCC boss Newton Minow's brother-in-law, is paid $15,000''every two weeks to turn out Adlai Stevenson's ABC-TV show; no sponsor, either; that's relativity." This Damnistration is wonderful for certain brothers and brothers- in-law. Meanwhile taxpayers are hollering "uncle!" Headline: "Liz and Marilyn Avoiding Public's Glares." Wonder if they'd give it all up to be happy unknowns again? N. Y. Mirror files, Mr. Murray . . . Time even led off its essay with our most recent "Doll" nonsense, to wit: "You wind up the Elizabeth Taylor Doll 'and it wrecks your marriage" . . . But no nod to its author . . . Mr. Murray made up some of his witty own, to half-wit: "You don't have to wind up the WW Doll." L. A.'s one-man Murder, Inc., punchliried: "Wind up the Jim Murray Doll and it turns out silly columns like this one." Not silly, Mr. Star . . . Inaccurate. "AP: Alfred Krupp, once 'a convicted war criminal but now perhaps the world's richest man, is within grasp of final victory in a long struggle to save his great industrial empire." ' That sickening story appeared on the anniversary of D-Day. Could anything be more bitterly ironic? The Chicago, Sun-Times editorial'd: "Kennedy and' his family can't take criticism. . .He would be a better President if he would learn to take it, as great Presi-,, dents must." . ' Before you can be a great President—you must be a good Man. Before you can be a good man— you must be able to accept opposition. In a democracy what the President wants is not as important as what the people need, i Jim 'Murray, the L. A. Bugle's star assassin of People and Cities, was misled by Time mag's thesis on the "New Doll Game" . . . He credited that mag with inventing it. (Izzatso?) . . . Look ,up the From Roscoe Drummond's portable: "From all I can gather, there is reason to view with alarm President Nasser's mounting acquisition of Soviet arms and our indirect role in helping him." It's about time Washington was as tough with overseas tyrants as they are with American businessmen. Eddie Fisher, the well-known Loser, stated: "It's- almost impossible for two people in show business to have a happy marriage—there are too many distractions." The famous in the spotlight are not as happy as unknowns enjoying the moonlight. Chuckles in The News By United Press International RIDES IN STYLE WASHINGTON (UPI)-An ambulance rushed to a shopping center Tuesday where a woman had fainted in 90-degree heat. Thp prostrate woman opened her eyes and asked if the am- ^"•'Rnce was air-conditioned. When told it wasn't, she dismissed the drivers with instructions to call "one of those private, air-conditioned ones." LOOKING FOR COMPANY LONDON (UPI) — A cow that escaped from a pasture Tuesday was found wandering near a pub named The Bull. WHISTLE FIXER GONE MENDOTA, 111. UPI) - This city is in the market for a new fire alarm whistle. City fathers learned the last person Who knew how to repair the old whistle no longer is around. GONE TO THE DOGS MONTGOMERY, Ala. (UPD- State Sen. Carl Golson, whose support for a dog racing bill was credited with causing his defeat in a reelection bid, Tuesday introduced his successor to the legislature. "I found I couldn't outrun him or the greyhounds," Golson said. KINDHEARTED BANDITS CHICAGO CUPD-Bandits who robbed the'Oak Park Savings & Loan Association of nearly $3,000' Tuesday also relieved Louis W. Turner of $100. "You can't do that, that's my mortgage money," Turner protested, "I just came in to make a payment." He got the money back. THE LIGHT DAWNS LONDON (WI) — Passengers •at Clapham Junction station s.re beginning to see the-light. Workmen are removing wartime 'Mackdut paint from its glass roof. LAFF-A-D&Y Quotes in the News By United'Press International TACOMA, Wash. — Former Teamsters '•• Union President Dave Beck, 68, before surrendering to a U.S. marshal to serve a five ; year prison term for filing false tax returns: : "This doesn't bother me a bit. This isn't .the first time an innocent man has gone to prison." FRANKLIN, Tex.—Texas Ranger Capt. Clint Peoples on plans to sift sand and dirt in an effort to locate the bullets that 1 killed • agriculture official Henry Marshall: "We, will sift aW day if it doesn't rain." €> King Features SyncliCHtc, Inc.,1902. World right* ro*Brve«l. LOS ANGELES - Assemblyman Joseph C. Shell, reluctantly, endorsing Richard M, Nixon, who beat him 'in a primary, as the • Republican candidate for gover. nor at California: "I don't believe Nixon is leadr Reviews Of TV Shows By RICK DU BROW HOLLYWOOD (UPI) - About a century ago, a western land agent wired Washington: "Re- move'me at once. They are getting near my price." , Tuesday night, playwright Ar' thur Miller, who has spent some lime in Hollywood and is probably now an expert at dealing with thieves, offered a neat little television comedy about bribery and a different kind of public official: A cop who is irritatingly unclear about whether he can be bought. Adapted by Oscar Millard from Miller's short story, "It Takes a Thief," the half-hour show on ABC's "Alcoa Premiere" centered around a fellow who has done an automobile dealer out of $125,000 — in short, a man we can look up to. Unfortunately, his method for fleecing the car magnate, "Fair Deal Farley," is to help himself to an extra $2,000 a week at the auto establishment, where he is a respectable salesman, Whereas Miller's most famous work was concerned with the death of a salesman, Tuesday night's amiable romp into triviality was concerned with the apprehension of one. Our salesman ' and his wife, played with comic finesse by Edward Andrews , and Constance Ford, are safe as can be until their apartment is ransacked by a heartless thief who not only makes off with their silver and jewelry — but the |125,000 in the safe. They are afraid to tell the police about the money, and don't. But the burglar is caught — and the $125,000 with him. Andrews can't abide seeing his hard- earned nest egg disappear, so he cagily feels out the police sergeant. In a very funny scene, the sergeant, portrayed with perfect poker face by Christopher Dark, lets Andrews do most of the talking — but our hero hasn't got the guls to pop the final question about whether the cop would take a bribe. He fumes to his wife: "It's an awful thing not to know if a man is honest." Anyone who has. ever been stopped for • a traffic ticket can sympathize with his position. Anyway, I'm sorry to report the play did not end, as it should have, on the- above humorous note with doubt left in the viewer's mind. In an epilogue, the host, Fred Astaire, informed us that the cop was, after all, honest—and the villian was, after all, caught. I was really unhappy to hear that because it seems to me that anyone who can fleece a car dealer can't be all bad. And in this'day and age, we, have to take ,our heroes where we can find them. Andrews, who looks like a domesticated werewolf and sweats magnificently, is one of the funniest villains around, And Miller's story, by the way, originally appeared in the Diners Cub maga-. zine. Before you know it, Norman Mailer .will be contributing to "Seventeen." Wednesday Evening,.June 20, 1962. The Channel Swim: Lawrence Welk begins his eighth year on ABC-TV July 7. . .Carol Burnett will tour Pittsburgh, Kansas City, Dallas, Detroit,, Indianapolis and Las Vegas in her own show this .summer.. .Molly Bee guests on ABC-TV's Ernie Ford Show July 11 and 12, CBS-TV will air the 'National Professional Golf Association matches July 21 and 22. . .ABC- TV lost $60,000 when two sponsors pulled out of the June 8 episode df "Target' The Corruptors," a fiction version of last year's police department scandals in 'Denver. . President Kennedy has named Bob Hope as the third entertainr peared in the Diners Club maga- , gold medal, for ."services : to his country and to the cause of world peace;" the other medals went to George M. Gohan> and Irving Berlin. ing Brown, and I still believe it is a tough uphill fight for him to beat Brown in November." SAN FRANCISCO'— Ford Motor Co. board Chairman Henry Ford II, on the labor dispute which has closed down Ford assembly plants around the country: "I don't see any reason for the government to enter this dispute, and I hope they, don't intervene.- We can handle this ourselves," PHAROS-TRIBUNE Dally (except Snturdnyn nnd Holiday*) 40e per. neck dully unit •nnria? by currier, (20.80 per yen In the ctty at LoRnmiport 40n •er week by carrier ontalde of I/osnnnport. By mall on rural rontei Im Cn»«, Gnxoli, WMte, Pnlaxki, Fnlton and Miami conBtlM, (12.00 per year) ont.lcle trading urea and within Indiana. M-1.00 pel rear) ontalde Indiana, H18.OO per year. Ul mall •ubucr'.ption. payanl* In mi-ranee. No mall rabBcrlptioni told wlura carrier unrvle* fi main* Utned. ' Ph»m 1844 Journal «1nbll..«d I84» Trlbna. eitakllakt* 1MN DREW PEARSON Merry-Go-Round ALCATRAZ, Calif.—Geraniums, Nasturtiums and Persian carpet, a brilliant scarlet, yellow and purple, in the sunlight, cling to the sheer rock walls down which prisoners have tried to escape from Alcalraz. Across the bay lower the skyscrapers of San Francisco, a beautiful skyline outlining one of the most beautiful cities in the world. Beside it, the Golden Gate Bridge spans the narrow gateway to the Pacific through which an eight- knot current rushes. And behind loom the mountains of coastal California. Prisoners gazing from the Rock across to all that beckons beyond, so near and yet so impossible, know that below those skyscrapers are some of the best restaurants in the world, movies, theatres, parks with children playing in them, hotel lobbies crowded with gorgeously gowned women whose touch and= warmth they have not felt, some of them, for 25 years. So you can understand why, despite the sheer cliffs of Alcatraz, despite (he raging current, despite the barbed wire and the gun towers- with guards ever alert, temptation is great. Thirty-two in the 28 years of Alcatraz have attempted to escape. None so fat- has made it, and this includes the three who t" meled through their cells, got up to the roof, then shinnied down the wall alongside a metal smokestack and made it to the sea last week. They are presumed drowned in the terrific current that whips out through the Golden Gate. Alcatraz Needed All this poses the question: must there be an Alcatraz? Or must it be located on this rock which so comingles the beauty and ugliness of life? Penal experts will tell you that there must be an Alcatraz, a prison of maximum security and discipline to which prisoners are transferred when their behavior is impossible in other penitentiaries. The hard-boiled inmate who attacks his fellow inmates, who scoffs at churches and ideas of reform, must have the threat of Alcatraz hung over his head. Nevertheless, necessary as it may be, the Federal Penitentiary at Alcatraz faces two alternatives —abandonment or complete renovation, .Within a very short time Congress will have to decide whether to appropriate several million / dollars to rebuild. Alcatraz or move it to another location. For Alcatraz has now become almost more dangerous to its prison personnel than tb the prisoners. I walked along the narrow catwalk which surrounds the prison wall. On the right was the exercise pen—handball, basketball and shuffleboard courts, weight-lifting apparatus. On the left was a sheer drop of 75 feet to the rocks ringing San Francisco Bay. But the railing around the catwalk had been patched with wire. Almost any place you hit it, the rail would crumble. In places it didn't exist. I found myself leaning hard away from the rail and the water, below, toward the exercise pen. The iron floor of the catwalk was full of holes and in places covered with planks to keep guards from falling through. The gun tower just beyond is on iron stilts through which the pounding of the waves had worn holes. "When the wind is high," explained Fred Wilkinson, Assistant Director of the Bureau of Prisons, "we order the guards in off the towers. It's too great a risk." And at night, men are taken off one guard tower entirely; for it costs $40,000 a year to man a tower and Congress is economizing. This, incidentally, was the tower past which three prisoners recently slid down the wall-of Alcatraz. Erosion Takes Toll But the chief enemy of Alcatraz is not the prisoners whose unhappy lot it is to look at the beauty' of San Franciscu Bay from the., stark ugliness of their immediate surroundings, but age. and salt water. The island was discovered by the Spaniards in 1775, turned over to the U.S. Government in 1850 when California became a state, and served for many years as an Army prison. It became a Federal Civilian Pemlnv;iary on .Tun 1 .; 19, 1934, and is exactly 28 years old as such this week. . I examined tte cavernous cellar underneath Alcatraz which once housed prisoners from the Indian wars and deserters from the U.S. Army. These dark dungeons under this cell block are crumbling and eroding. Engineers estimate it, vuT require major reinforcement (o make them earthquake-proof And outside there is. the constant erosion of salt water and salt air, eating through the ma- sonary. the iron rails, the steel wire and the gun towers;,'so that when a prisoner struck the brick wall with a 12-)>ound sledgt recently a whole .wclion tore loose. Fortunately he vas a member of a repair gang, :iot attempting a break. But old prisoners- know the flimsy condition of the walls. This is the decision that has to be made regarding the maximum- security penitentiary which no longer has all [he requirements for maximum security. It will etiher have to be moved or major repairs begun in the very near future. Almanac By United Press International Today 'is Wednesday, June 20, the 171st day (if the year with 194 to follow. The moon is approaching its last quarter. The morning stars are Mars, Jupiter and Sa'.urn. The evening :>lar,is Venus. On this day in history: In 1837, the Victorian age began as Princes!; Victoria learned that her uncle (he King had died and she was the new British ruler. In 1898, the United States seized Guam, in the Spanish-American War. In 1931, Presic ent Herbert FIoov- er proclaimed a one-year international morale rium on all payments on government debts. A thought for Ihe day: The English writer, Jonathan Swift, said: "How vain an attempt it i.s for a man to endeiivor doing himself honor among those who ar<> out of ai! degree of equality or comparison with him." PLAYS IMPORTANT ROLE WASHINGTON (UPI) -.Space agency director James E. Webb said Tuesday that astronaut Donald K. Slayton was' playing "a very vital ro':e" regardless of whether he makes an orbital flight. Slayton was grounded by the space agency in March because of an irregular heart beat. Dr. Paul Dudley White, heart specialist who treated President Kisen- hower, examined Slayton last week but Webb said he had not made his report yet. Public Forum The Pharos-Tribune invites views of its leaders. Each letter should noi exceed 300 words and must hit signed by the writer'with address. A request to use initiahi, and not the full name, will not be honored. Address letters to: Public Forum, 'Pharos-Tribune, Logansport, Ind. HUBERT "Twenty years ago I took one look at Ted's wavy Jiair and manly chest and said to myself,,, That!s the man for me'F* . 100 114 PvfcUihed dally except Saturday and hollrtny. by Pfc«ro«-Trtb«»« Co., Inc. KIT Bant Broadway, Lonrnn»port, Indiana. Entered a» ««e»« rla»» natter at the voat office at Log-aniport. Ind., nnder the aet ef March 3. 187*. MBMBBRi AUDIT BUREAU OF CIRCtJI/ATIONi AHD UNITED PRBM IJITBHNATIOSAI. HIABOI-miBUJ'M Xatfraal JUTWttiMJW t -io© King Features Syndic»t«, Ino., 1«2. Wcrld rights merved "Lovely day, Miss Scrag! The caddies lite on atrikt »t the club and I•• WM woaderinj c~"

What members have found on this page

Get access to Newspapers.com

  • The largest online newspaper archive
  • 8,900+ newspapers from the 1700s–2000s
  • Millions of additional pages added every month

Try it free