4 Tha Ntw-Rviiw, Rotoburaj, Ore. Wed., Nov. 7tfc, H51
For Distinguished Disservice To The U. S. A.
In the Day's News
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' yUltriae' Daily leea U4r ay tka
Newt-Review Company, Inc.
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CHARLIS V. STANTON IDWIN L KNAW
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OIL WELL DILEMMA
By CHARLES V. STANTON
' Announcement that Oil Developers, Inc., have re
ceived an unsolicited offer for purchase of their explora
tory holdings at Coles Valley is encouraging news. We
may be certain that a major oil company would not seek
opportunity to gamble a possible one million dollars un
less it was satisfied that prospects for striking oil Were
better than even. ;
After experiencing troubles created by boom growth
we shudder to think of what would follow an oil strike
but we guess we could weather it.
Storkholders will have a difficult decision when they
meet to act on the offer of purchase. Many of them, we
know, preler to gamble on bringing in the well without
outside financial assistance. On the other hand, the sale
would assure exploration of much greater magnitude than
the local concern can afford. Furthermore, it would bring
in a large number of skilled geologists and technicians
to furthe" the studies already made by Les Childs, geolo
gist for the Roseburg company.
If local ownership and control are to be retained, more
money will be needed. That money, however, is readily
available at least enough to continue the hole now being
drilled to a considerably greater depth. A very substan
tial sum, however, would be needed to finance other ax
plorations of the structure, should it be found that the hole
now being drilled is not properly located. Sale of the pros
pect would assure two holes in addition to the one now ex
isting, thus increasing opportunity for discovery.
Indications Said Promising ;
While information "concerning the Coles Valley oper
ation has been guarded, it is generally known that the geolog
ical 'formation has . been promising, conforming closely
to structure found in some of the largest producing fblds.
That the structure must be favorable is proven by interest
shown on the part of major companies willing to take the
gamble off the hands of local interests.
The fact that a major company is willing to gamble,
does not assure the presence of oil. It would indicate that
the prospects are at least favorable, however.
Regardless of whether . or not oil is found, and, re
gardless of action taken by stockholders in either selling
their -prospect or continuing the gamble themselves, the
community should be grateful to the men who have under
taken the exploration.
The organization and operation by Oil Developers, Inc.,
has been widely pronounced as one of the "cleanest" ven
tures ever attempted in Oregon. No one was pressured
into buying stock. No large scale stoc' sales were under
taken. Nearly all investors are men interested in doing a
job for the community as well as taking a little gamble on
their own.1 ,,-.
Some, reportedly, are reluctant to "hedge" their gamble.
They prefer to go ahead, even though it means risking more
money. Others feel that a sale would be better for the
community by assuring a more complete and thorough
exploration with a fully protected guarantee of production
should oil be found. While individual profits from a strike
might be lowered, ooportunity for a strike would be in
creased by extending the field of exploration.
Whatever their decision may be, they have already
made a valuable geological contribution by logging a here
tofore unexplored structure, revealing geological forma
tions which show promise of covering oil deposits. This
information will prove extremely valuable, not only in this
immediate area but for the whole of western Oregon, as
geologist continue their studies of possible oil bearing
formations.
ENDING
BASKET
"A Million Homes i Year For
ever" l what the little leaflet put
out by the West Coast Lumber
men's association oroml.ios, and
the text certainly sounds reassur
ing, and comforting to remember
when one hears the often said
"They're stripping oft all the for
ests!" Says the Utile leaflet: "Seed
trees are purposely left by logsers
to provide the seeds required to
reforest about 90 percent of the
land logged off each year. Many
millions of new trees bcgl grow
ing ealh year without any help
from anyone. . , and hand plantig
Of UrHPV'&rnWn hnhv Imaa anH
reseedig by helicopter or Diane
trees,
. hj ..v.iivp.i.-. ur nauc
keep the land green with new
.rraa.
T)llrlniJ Ilia lOiQ.Vl nlotiHnt - -
son alone, 16,000,000 seedlings were
set out by hand in the Douglas fir
region a new tree for every sec
ond boy and girl of grade school
age in America!"
I'd like to interpolate right here
that Inspiring boys and girls to
love trees is one sure way to safe
guard the future of our forests!
The trouble is, as I see It. we wait
until the children are older than
necessary. While the chiid Is tiny,
why not teach him to love and
care lor "baby trees?" Wny not
flive a child a tree his own age and
et him "race it" in height? Why
noi use every opportunity to untold
the book of nature to the little
child the very little child
not wait for school age? Let's be
gin while the child is liny. "Next
year's Christmas tree" can be
loved and tended a year, and
used as a living tree, then returned
to the outdoors One home, had
a lovely blue spruce that was a
year-round joy. Our children, and
the neighbor children "saw" that
tree all year is it wai at Christ
mas, light-bedecked, and lovely
with food on for the birds, too
Since Wfl lispfl it nnlrinnr.
Young fathers, when you have
the little lad or lassie out walking,
do you point out the beauty of
trees, both summer and winter?
Do you plant memories as my dad
urn, wnue logcmcr, so tnat love
oi nature win De interwoven It
after years with love of a compan
ioning dad?
Anqler Uses His
Line To Rescue
Man From Surf
NEW YORK - UP) Elbert
sprecner, a Brooklyn television
maintenanee supervisor, went fish
ing for bass and caught a
drowning man.
The man, 59-year-old Robert
Stuls, likes to swim the year-round
for his health. But Sunday's dip
in below 50 temperatures and
ciioppy surf almost got the best
of him.
Whitccaps and an undertow bat
tered Stills against submerged
rocks of the Rockaway jetty. Ho
annulled for help.
St.rfchrr .17 it,.
I "- unm me tun
and starled casting his 36-pound-test
Hue inlo the surf at the thrash
ing swimmer. Thre times he
whipped it out, and on the third
!ry the weighted line colled around
Slurs body,
Ilreathlesa. Ih rlcknmaH A
In the line, slowly go -hat it would
nnt man. tul a lfin.nnnj .1
worker, was pulled in 50 yards to
a rock embankment in a -mi.
conscious state.
Knrpphar aatrl Klula .,
r - . -mi. v . tuj
first catch."
f
aP .aaja- -a m
Fulton
Levis Jr.
WASHINGTON This Is a case history of an agency in
Washington that continues to publish phony figures in an ef
fort to increase its control over credit buying in the nation.
The build-iiD to impress Con
gress when it returns in January
with the need for continued and
expanded controls is the brain
child of the Federal Reserve board.
It issues periodic warnings that
you and 1 buy too many tele
vision sets, too many automobiles,
too many washing machines. The
sales talk is that we have too
much money , as Individuals, ' too
much credit at stores, and service
shops. Wc, as individual consum
ers, are being accused oi increas
es inflation and creating nigner
prices by our gluttonous ocnavior.
There is no truth in the accusation.
The Federal reserve board used
the figure of $19,000,000,000 as the
total amount of individual credit
afloat in the country. The figure
is used by every propagani'it in
the government wno is eager mr
more controls, more bookkeepers,
economists, messengers, typists
and even more propagandists on
the federal payroll. The Federal
Reserve board figure Is false prop
aganda and I can prove it. But
even if it were correct the need
for more controls is negative, be
cause $19,000,000,000 in consumer
credit is still less than 10 percent
of our current combined national
earning power.
For instance, the Federal Re
serve board scare-figure, being
used to impress upon Congress
the need for more controls, con
tains the so-called total amount
we each owe on current gas, elec
tric and telephone bills. This is
not a credit figure in any sense
of the word. In many cases we
pay deposits for all of these serv
ices, and in the event we do not
Uie eas and utility companies re
quire payments at the end of each
month or out comes the meter or
telephone
Another Interesting figure In the
board's compilation is $4,134,000,
000 that we owe collectively on
automobiles in the form of time,
or credit payments. This is one
of the major reasons for the board
ever getting credit controls in the
first place. It is also a phony
figure. Instead of charging that
we as Individuals are spending too
much for automobiles, the board
should be honest and admit that
its figures include all time pay
ments for commercial vehicles.
To function, business needs trucks.
It always has, and if Congress :
will examine this one item care
fully it can't help but lose some
of its fright over how much is
being spent for transportation. Not '
all the automobile credit is tor .
joy riding reasons. 1
More than $1,000,000,000 of the
total represents Federal Housing
administration loans, largely for
home repair and modernization.
This figure can be eliminated com
pletely from the total. FHA loans
arc anti-inflationary to start with
and are a credit as such that
would not be comparable to get
ting a cash loan from a bank for
buying a consumer article. FHA
loans stretch out payments for as
long as 36 months, which delays
the return of that money into the
markets.
Federal Reserve board figures
also charge against us as individ
ual borrowers all sums obtained
from banks by commercial users,
such as "contractors, manufactur
ers and even farmers who buy
from feed lots such items as grain
and hay.
Not even the most rigid controls
would alleviate the need of feeding
livestock or borrowing to construct ,
plants for defenst work. So the 1
argument that thts money creates
inflation and therefore we as in
dividuals should be granted less
credit is phony. ..j
The truth is that we owe closer
to $7,000,000,000 m debts as in
dividuals, than to $19,000,000,000.
In fact, the total amount prob
ably owed by persons buying, ra
dios, television sets and household
appliances on- installments is
closer to $2,000,000,000. For this
the Federal Reserve board, and
most of the other federal agencies
of the government concerned with
controls and inflation, want to load
the payroll with more employees.
Pointing out how phony are the
figures : that are being used to
scare Congress won't stop the prop
agandists. The National Found
tion of Consumer Credit, a repu
table research organization fi
nanced by bankers, manufacturers
and retailers, has made direct ap
peals to the Federal Reserve
board to come clean on its statis
tical propaganda. The foundation
was ignored, but Congress won't
be if it shakes down the bloated
statistics to an honest amount.
just gave Congress a sample on
where to start.
Hear Fulton Lewis Daily
On KRNR, 4:00 PM
And 9:15 P. M.
his tidings ,of goodwill. As In past
years, the American Legion will
insure tnat no x-servicemen in a
veterans hospital will have a lump
in his throat as a result of being
forgotten.','
Umpqua post will hold an Ar
mistice day dance on Nov. 10 in
the American Legion hall In the
Kolhaen building, Roseburg. The
music win be furnished by Vic
Rice and his orchestra. All legion
naires., their families and guests,
are invited to attend. Proceeds
will go to ' provide gifts for the
yanks who gave. Free refresh
ments wiU be served by the auxil
iary.
(Continued from Page 1)
dust just somehow doesn't seem
to be out of place.
Along one aide of the plaza is
the three-centuries-old governor's,
palace, which have described al
ready. The other three sides are
bordered by stores, most of them
as modern as the UN palace in
New York. Maybe the town is old
and Spanish, but its merchandise
is new and American.
In the center is a gracefu), tap
ering monument. You are sur-
irised when you start to read the
nscriptions. You expect them to
record the deeds of Coronado and
De Vargas and De Arua.
They don't. The plaque on the
side facing the palace of the gov
ernors is dedicated to the heroes
of New Mexico who fought and
conquered the savage Indians.
(The early settlers were chased
out after several decades by the
savages. The Spaniards stayed
away something like 40 years, and
then came back and took over
again.)
The other three sides, believe
It or not, are dedicated TO THfl
HEROES OF . THE UNION WHO
DEFEATED THE REBEL
FORCES W THREE PITCHED
BATTLES back in 1862!
That floors you. It never oc
curred to you, probably, that the
searing flames of the American
Civil War spread that far West.
But they did. It happened like
mis:
In 1862, the South was in the
ascendant and its leaders were
confident they would win the
war and set up a nation to be
known as the Confederate States
of America, in which slavery would
prevail, bo they sought new
SLAVE states to be established
to the westward from the Old
South.
In furtherance of this' project
General H. H. Sibley raised a
force of Texas volunteers and
moved iV.o New Mexico. At Val-
verde, about 75 miles south of Al
buquerque, they defeated the
Union forces stationed at old Fort
Craig in a pitched battle, and
chased them northward. But in a
canyon near Santa Fe, the re
treating Union trooDS. buttressed
by New Mexico volunteers, made
a stand and defeated the Con
federates ( Rebels, they are termed
in the inscription on the monu
ment in Santa Fe's plaza).
That was the end of the effort
to extend slavery westward from
Texas. By the next year, the tide
of battle had turned, and from
then on the Confederacy had no
time to spare from the fighting in
tn Deep soum Hseu.
So, you see. in more ways than
one New Mexico is a keystone in
our historic arch. The westward
spread of human slavery was ac-,
tuauy STUrPED in New Mexico.
Pertaining tc the
Common Stork
Par Value $5,000)
. LINNTON PLYWOOD ;
ASSOCIATION
AN OREGON CO-OPERATIVE ASSOCIATION
May be obtained from the office
of the Awociatioa at
302 S.W.4th Avenue at Oak Street
Portland 4, Oregon ATwater 9388
Armistice Dance
To Benefit Vets
"Christmas means many things
to many people, but to everyone
it is a time when gifts received
are more than just anniversary
mementos, but symbols of an abid
ing affection," said Ira Hudson,
commander of Umpqua post 16,
American Legion, when he an
nounced an Armistice day dance
for the benefit of the "gifts For
The Yanks Who Gave Fund.''
"This year, again," he said
"beds in veterans hospitals will
be occupied by a new generation,
young men old in experience but
still young enough in heart to ex
pect Santa Claus to bring to them
Armistice Day Stores' .
Opening Is Criticized
MYRTLE CREEK So the
merchants of Roseburg, by vote,
have decided not to observe Mon
day, Nov. 12, as Armistice day
and are not going to close their
stores.
My, what patriotism I
Whiles the boys are fighting and
dying overseas, the business men
of that fair city cannot afford to
close for one day.
There are organizations of
former servicemen (ex G.I.'s) who
might take notice and be sure to
well remember those who are too
greedy or unpatriotic to observe
one day for the sake of our fight
ing men.
MRS. D. MILLER
Myrtle Creek, Ore.
DON'TJ
STAY
FREE BELT0NE
CLINIC
UMPQUA HOTEL
Tuesday, Nov. 13th and
Wednesday, Nov. 14th
FRESH BATTERIES FOR
ALL HEARING AIDS. ,
S. C. MITCHELL, Dealer
75 W. Broadway, Eugent
(Mtmbtr of J. N. Toft and Assoc.)
Special Services
OCT. 31 TO NOV. II
7:30 EACH EVENING
" FRIENDLY HOSPITALITY " .
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SUPER-MMS
CLOTHES RGHT
'N SPNMNG
BASKET
1 arielica
i toUtl victory.
Dr. Hess
REV. WEAVER HESS, D.D.
DYNAMIC GOSPEL MESSAGE .
REV. WALTER 1 DUTCH) GOEHRINS
Singer Musician
Church Of The Nazarene
400 E. Douglas St., Roseburg.
New
EASY SPIN Of I EH
WITH AUTOMATIC SPIN-RINSE
ELIMINATES SET TUBS
AND YOUR OLD WASHER
Say goodbye to washday drudgery
with a new two-tub EASY Spindrier.
No set tubs! No wringer feeding! In
stead EASY'S two-tub washing and
rinsing action does your week's wash
in less than one hour. One tub uwbes,
while the other with the amazing
Automatic Spin-rinse, double-rinses
clothes -cleaner in three minutes and
then spins them damp-dry.
EXTRA-VALUE FEATURES include exclu-'
sive new built-in "Cleanflow" Water
Filler. Takes out water-pipe rust and
other staining impurities iton wash
ing and rinsing clothes. Handy Swing
Faucets return suds for re-use, rinse,
fill and empty washer . . . all at the
flick of a finger.
15. DOWN 18 MONTHS TO
SII IT IN
ACTION TODAY I
PAY
M IMIaalaallalV
ROSEBURG: 120 W. Oak St. Dial 3-SS74 SUTHERLINt Central and Statt St. Phone 2981