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About The news-review. (Roseburg, Or.) 1948-1994 | View Entire Issue (Aug. 21, 1958)
Thur., Aug. 21 1958 -The News-Review, Roseburg,. Ore. S NEA T.lim. SURRENDERS Herman Kierdorf, 68, former Teamster Union business agent and uncle of "human torch" Frank Kierdorf, is shown at the Oakland County, Mich., jail, after surrendering himself to police. Police had been searching for Kierdorf for 13 days, for questioning about the fatal burning of his nephew, and also for his posses sion of a gun silencer. He was booked on possession of the silencer. Relief For Inflation's Worst Victims May Result In More Inflation For United States By SAM DAWSON AP Busintss Nws Analyst NEW YORK (AP) Some 12 million of inflation's worst vic tims are in line today for a little relief. If President Eisenhower signs the social security bill into law, Uncle Sam will hand out about one billion dollars more next year to 12 million beneficiaries. He will collect a little more than one billion dollars additional through higher taxes. Half the in crease will be paid by the 75 mil lion whose pay checks are docked for social security taxes, and the other half by their employers. The increased benefits are de signed to make up for some of the ravages of past inflation on the fixed incomes of the retired. t, Battlo T Resume If new inflation pops up, as many in Washington fear, the bat tle will start all over again. The big rise in the cost of liv ing since the war has cramped persons beyond their earning years. They have found the nest egg they once thought ostrich size has shrunk to pigeon size. The new benefits and the new taxes will still leave the social se curity system running in the red, as it started to do for the first time in the past year. This year it is paying out nearly 8'4 billion dollars in benefits and it is taking in 7'i billion dollars in taxes on the employed and their employers. Next year under the new bill payments would rise to 9Vi billion and collections to a bit more than 8 billion. Large Reserve Fund The system has a large reserve fund on which to draw. But taxes will have to go up steadily from year to year if the higher pay ments are to be made and the re serve saved from too much drain age. Sponsors of the new bill say it should bring the social security Dial ORchard OX" 1.1111 dm I W I I DURING THE FAIR FOR COMPLETE PAGE BOY SERVICE Another Public Strvlet f fund into balance within a few more years as the tax raits rise. Many elderly persons have oth er forms of income. There has been a rapid growth in corporate pension funds in re cent years. Union pension funds are also a growing part of the economic scene. Annuities and in surance benefit payments aid many others. ' But inflation bites into any of these income sources, and only a few of the retired are in a position to increase their incomes to meet inflation's inroads. As the number of those 65 or over grows from the present 14 million to an expected 18 million within 10 years, the problem is likely to grow too. Traffic Charges Denied In Court; Trial Date Set John L. Yarbrough, 27, 1227 SE Stephens St., Roseburg, entered pleas of innocent today in muni cipal court to a pair of traffic law violations, then pleaded guilty to failure to pay parking meter tick ets. He was arrested by city police Monday on charges of driving a car with a suspended operator's license and reckless driving. Municipal Judge John L. Horn set trial date on the first charge for Sept. 18, and Sept. 24 for the second count. Yarbrough was re leased from jail upon posting of 250 bail on each citation. He then paid a $7.50 fine after a guilty plea to the parking meter citation. Judge Horn also fined three tran sients 25 each after they pleaded guilty to vagrancy charges. All were jailed in lieu of the fines. They were: John G. Hamilton. 45. no ad dress; Walter Allen Woods, 44. of Butte, Mont.; and John Vincent Hu ston, 64, of Las Vegas. The trio was picked up Monday at the hobo camp on SE Short Street. LEAVE IT TO THE BIRDS SANTIAGO, Chile (API-Argentina and Chile have agreed to quit feuding over a bleak little island near the tip of South America and leave it to the birds. Both nations have held unset tled claims to Snipe Island since 1881. Chile recently began build ing a lighthouse there. Argentine Marines destroyed it Aug. 9 and stationed a' detachment there. Chile angrily withdrew her am bassador from Buenos Aires. USED CARS mimn Trad now on mw or nearly new Buicks & Pontiacs AT ROSEBURG MOTORS Corner of Rose and Washington IP1CDAIL BECAUSE OF SPECIAL ARRANGEMENTS WITH A LEADING MANUFACTURER, WE ARE ABLE TO OFFER THESE TREMEN DOUS BARGAINS. DON'T MISS THIS LIMITED TIME CLOTH-INGBARGAN! SAVE! SAVE! SAVE! SAVE! SAVE! SI If you need a suit or are contemplating to enlarge your choice of clothes Stop in at Herman's for this great event and save. Layaways invited. Luxurious Fabrics In Superbly Tailored Styles .220 ALL SEASON 220 REGULAR 45.00 reg. 4 1 86 reg. T786 reg. I fl 86 reg. 55.00 Db 59.50 Jit 65.00 69.50 & SUIT SIZES FROM 36 to 50 LONGS. SHORT'S REGULARS AND STOUTS Choose your , suit from flannels, sharkskins,' hard finish worsteds in a complete array of colors and styles during this Special Purchase Sale. 85 SAVE! SAVE! SAVE! OVER 165 MEN'S hSPORTCOATS Newest Colors! Latest Styles! Wanted Patterns! BUY TWO PAIR AND SAVE MORE MEN'S DRESS LACK Famous Brands But We Can Not Mention Any Names FLANNELS SHARKSKINS WASHABLE DACRON BLENDS HANDSOME WORSTEDS REG. 24.95 REG. 29.95 REG. 35.00 14.86 19.86 24.86 REG. 9.95 REG. 12.95 REG. 14.95 REG. 19.95 5.88 7.88 9.88 11.88 LAY-AWAY FOR BACK-TO-SCHOOL Complete range of siies from 28 through 44 in all colors and patterns. 5 f . I J 2 PR. 10.00 2 PR. 15.00 2 PR. 18.00 2 PR. 22.00 Slight Charge for Alterotionl 86 518 S.E. JACKSON ST. -ROSEBURG DIAL ORCHARD 3-7026
