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SECTION
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Established 1873
ROSEBURG, OREGON WEDNESDAY, AUG. 10, 1949
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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.
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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
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Air
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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
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Sales and Service
Highway 99 at Garden Valley Road
Phone 1354