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About The news-review. (Roseburg, Or.) 1948-1994 | View Entire Issue (Aug. 10, 1949)
k ., ! V- ft. SECTION TWO 19. J4e-tm-C ... Established 1873 ROSEBURG, OREGON WEDNESDAY, AUG. 10, 1949 U7-4 1 rX'' r 1 a i&aaMJ - . . -mm. I r"n rs? S3 t'?--J www STREET OF PARADES Fifty-five yean ago, Roseburg celebrated opening of the old state sol diers home with a parade on Jackson street, above right. The view is north from Cass street and the date is May 10, 1 894. How the town progressed 1 5 years later for first Strawberry, car nival, in 1 9 1 0, is shown above left.-Street is still unpaved. Flags were used for decoration of street in I920, lower left. Note bank building in place of the old livery stable. (Pictures from Clark's Studio.) Spy Charge "Nonsense," Justice Douglas Says WASHINGTON, Aug. 10 UP) Associate Justice William O. Doug las Of the supreme court Tues day dismissed as "pure nonsense" Russian charges that he had been spying on them. Douglas, who aroused Soviet suspicions when he and his son, Bill, 17, went mountain climbing in the Middle East, talked with reporters after calling on Presi dent Truman. He said with a laugh that his seven-week Jour ney abroad was "purely-a pleas ure trip." The justice and his son visited the front in Greece and brought back a picture of Greek guerrilla forces captured by the govern ment. He said about 35 per cent of the guerrilla. lighters are women. It-takes about 19 hours to-convert coal Into coke. NEW SPORTSMEN'S CLUB STAYTON, Aug. 9 (JB A sportsmen's club is being organ ized for the North Santiarrl' area. One of the principal alms is. to get more trout planted in the North Santiam river. Fishermen said only salmon are being raised in hatcheries along the ' river, ' although the stream once supported many rainbow trout' and other game fish. . ue I' ."wA ' ... .- i af - ft E 1 RESERVE CUT UNNEEDED? Shortage Is In Borrowers, Not Available Bank Money. Answer To Federal Board By SAM DAWSON , . ' - - NEW YORK, Aug. 10 WP) The government Is moving to make it easier for businessmen to borrow money and easier for Uncle Sam to borrow, too. TJie idea is a double-barrel one to put a brake on the recession and to make the treasury's start of deficit financing less painful. It comes at a time when buying-on-tlme Is climbing again, when past-due accounts are increasing, and when taxes are at an all-time peak. No wonder the financial picture makes you dizzy. The Federal Reserve board is going to free $1.8 billion of bank reserves in a four-week trickle, at a time when businessmen pre- IMPERIAL 118 1?? - ..1 Air mttm... a t(? SON5.1-- 86 proof. Blended, whisker. 30 strsiht whiskey. 70 gnuo neutral spirits. Hinm Wtlket tc Sons Inc. Peom, lllinoii. G. McArthur Well Drilling 1 1 miles cost en N. Umpquo Rood Watch for sign or write Box 175. Idler-Id Route, Roie burg, Oregon. sumably should be looking for DanK loans to prepare lor fall and winter business. Some skeptics doubt it this will do much to brake the recession. They point out that business loans are down 52.7 billion from the first of the year, and that the $16 million rise 10 days ago from me years low scarcely lnaicates any great demand for business loans which the banks can t meet easily as it is. These observers contend that the banks already have plenty of money to . lend, and that the real shortage is in borrowers. However, by freeing . the re serves at this time, the Federal Reserve hoard once more makes Put the Nash Airflyta to the ocid test. Drive it. Compare it wi ony automobile you've aver known. - Where else con you And a car mat offers such perfect aerodynamic styling . . . such ample passenger 'room , . . such amazing economy of operation? Just try to match the I -piece curved -windshield in all models . . . Itie Uniscope . . . Twie teds ... end Weather Eye conditioned air comfort. You'll find H's impossible to match the value of the 194? Nosh Ambassador Airftyte or Nash "600" Airflyte.' COOPER MOTOR CO. Oak end Pine Streets, Roseburg It nlaln It has switched from fighting Inflation to fighting de flation, and will make certain that money is easy, and presum ably stays cheap or gets cheap er. The move comes at a time when consumer credit is on the Increase again, after Its dip In the first few months of the year. The Federal Reserve board re ports that at the end of June total credit outstanding to consumers was $16,141,000,000, higher by $1,. 4fiOO0,0O0 than the total a year earlier. Easing Its curbs on in stallment buying was one of th first steps the Reserve board took to fight the recession. Ap parently, the caster terms have induced more people to buy on time. Installment buying of such things as autos and household appliances has reached a new high at more than $9 billion. Charge accounts and other forms of non-installment credit has ris en to $7 billion. Against this rise in consumer credit, the credit re search foundation reports today that In the last six months there has been a definite slowing up of collections in the manufacture and wholesale fields. Past -due accounts now average 7.5 per-1 cent. A year ago the average was 5.5 percent. Factors cited In the rise of change from a sellers' to a buy ers' market, the pinch of compe tition, management inexperience in dealing with postwar finances, and the Increased cost of con ducting a business. PAINTS All Kindt PAGE LUMBER & FUEL, 6" &. 2nd Ave b. Phon? 242 c-n C MAT"! I RE Goodrich ri IPO rit flX lit ryffcn likt a precision trained racing crew. Cord bodr it pliant, ride is unoothar, aafer, longer. Rythmk-fUxing Cords moki tht difftrtmtl Here's a great advance in fire design- at no extra cent to you. New B. F. Goodrich Silvertowns with "Rythm Ride" give mora mile, safety, comfort than ever before! Coma in today. fill 4.00-1 BIG INTRODUCTORY TRADE-IN ALLOWANCE Sales and Service Highway 99 at Garden Valley Road Phone 1354
