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About The news-review. (Roseburg, Or.) 1948-1994 | View Entire Issue (Jan. 19, 1961)
American Owners Told To Get Rid Of Gold Held In Foreign Lands Thun., Jon. 19, 1961 The News-Review, Roseburg, Ore. 11 Nuisance Fleet Slated At Scotland Sub Case NEW YORK (AP)-The aver-i age American, who hasn't held! any gold coin or gold certificates since 1934, may be surprised to learn some of his neighbors do own gold and just been told to get rid of it. Where did they get it? Where do they keep it? And why do they want it instead of dollars they could spend at homo? Until President Eisenhower or dered them to stop buying and owning it abroad, they could le- ! sr. A " f I ' i .SJ ' It "J i J 4 nr fit THROW-AWAY ROCKET The Army has developed a 4Vi pound antitank rocket carried in a throw-away container that doubles as its launching tube. Telescopic aluminum inner section in the disposable container is extended before firing, as shown above. The unit is called XM-72. i 1 r a Kennedy's Wartime Foe Reveals Details Of Attack On PT Boat GLAKCOW. Siotl Scuts objecting to fur American Pola boats to harass th Annual Westinghouse CUEARA EDITOR'S NOTE In a World War II skirmish, President-elect John V. Kennedy's torpedo boat was rammed and sunk by a Jap anese destroyer. Kennedy was 26 at the time and his adversary, J.t. Comdr. Kohei Hanami. was 34. In this story, as Hanami told it to Gene Kramer of The Asso " ciated Press, the ex-skipper re calls the 1943 incident and gives his views of Kennedy today. By KOHEI HANAMI TOKYO (AP) It stuns me to think how close we came to de stroying the new president of the United States, John F. Kennedy, one black night in the Pacific during World War II. I can remember that night very clearly. It was about 2 a.m. Aug. 1. 1943 My ship, the Amagiii, was re turning from a supply mission to our troops in Kolobangara, in the Solomon Islands. It was a starless night. Rain threatened. and visibility was poor. I stood on the bridge, straining to see as we moved northward up Blackett Strait. 1 had ordered battle alert, since we were under constant harass ment by U.S. planes in the day- and Hospital News Visiting Hours 2 to 3:30 p.m. ind 7 to 8 p.m. Douglas Community Hospital Admitted Medical: Mrs. Albert Steuer, Harold Moody, Roseburg; Mrs. George Good, Winston. Surgery: Mrs. Edgar Walker, Roseburg. Discharged Frank Warren, Mrs. Howard Jen kins, Diana Griffin. Mary Bone brake, Walter Tolles. Howard Mosely, Roseburg: Mrs. Willie Wells and son, David Ernest, Ten mile; Hugh Jones, Glide. Mercy Hospital Admitted Medical: Mack Kelley. Alwyn Gale, Judy Wilson. Roseburg; Mrs. Wayne Bell. Winston: Clifford Spearman, Winston: Mrs. Joseph Rupp, ldleyld Park; John Sea strunk, Oakland. Surgery: Mrs. Jack Hill, Win ston. Discharged .Mrs. Raymond Leavitt. Albert Neal, Mrs. James Wright, Mildred McCumsey. Mrs. Ronald Kok and daughter. Rhonda Dee. Mrs. Rich ard Smith and son. Richard Hugh Jr., Roseburg: Lillie Jolliff, James Meeds, Sutherlin; Mrs. Ray Allen, Myrtle Creek. time and by night raiders torpedo boats at night. Suddenly we spotted an object churning up white waves about 1.000 meters to cur starboard. I realized it was a torpedo boat and cried out, "Ten degrees turn, full speed ahead!" Such "crash strategy" was sup posed to be the best way to meet a torpedo boat attack. Our de stroyer moved headlong toward the smaller boat at 30 knots. We crashed right into it. I saw the enemy ship break in two with a tremendous roar. White gasoline flames shot out. The torpedo boat disappeared in the dark. I knew that at least one half and probably both halves sank. The commander of that tor pedo boat happened to be John K. Kennedy, but of course it was not until years later that I first heard his name. f thought probably no one aboard the small boat survived. The thing for us was to get out of the enemy's theater of air superi ority as quickly as we could. Al though the collision smashed the Amagiri's bow, damaged its screw and caused some flooding, we were able to run for Itabaul at 24 knots. The next year I was relieved of command in March because of ill ness. After the war, I settled down on my family farm at Shiokawa. Lack of sleep from constant bom bardment and overwork had been too much. I came down with tuberculosis and was an invalid tor four years. In 19o2, still on the farm, I was flabbergasted to get a letter from Dr. Gunji Hosono, chairman of the Japan Institute of Foreign Affairs in Tokyo. It said that the torpedo boat smashed by the Amagiri had been skippered by Congressman Kennedy, then visiting Japan, and he wanted to meet me. I was tremendously moved by Kennedy's friendliness to a for mer adversary. 1 could not reach Tokyo in time to meet him, but I wrote him a letter, congratula ting him on his daring attack and miraculous survival and wishing him success in his campaign for senator. In his reply Kennedy agreed with my view that the United Slates and Japan should copDerate as friends. After that I naturally followed Kennedy's successes with interest. Mv fortunes, too. improved. I be came a eood farmer. My wife and I have bought radio and television sets and a motor plow. We laise chickens and beef cattle one cow at a time with the help of hired hands. gallv buv gold bars in Canada, than they've been getting back. I or that devaluation through rais ; uncertainty as to how much on the London free gold market. I Foreign countries with surplus me the price of gold is likely o spending the new Congress may in 7.,ri,.h 7nria nH nr in West I dollar have turned some of them necessary, or desireabie. I authorize, and whether a big def- '. ... i.i I! c Tinit;iirY 1 h nrt)iflAnti:il nrdt.r fitrhm. ipil fiinlil lni-pp fnrlher thi imr. VICI Mian. . J ' "... ...... -- , , , , -... .,:.. it i. : ..t iu- .i..n.. I : , ... ",i 1.', ...m nmin. Th Treasurv. oacKCu ov lllusi umx 1 . a. ciuzens ui own kuiu iiiumiiu power ui uie uuiuu, ami , iii.ii incs 111 iiuiy 1 ... ...-I l.iii- mwl lift 1 IMP hnnkinp IIIICIUIS IICI li till" ouiutlu.lBmu.ii anu . iitiu nun ...t i.i.ini. xv , u.iiu.i.... u ft...... ...... , , - ....., . .......... .il sold is re-ulated but not forbid-! denies the dollar is in any danger outflow of gold. In coincides with 'even if an improbability. den as it has been in the ,,',, ml , M ,' ' : - : : States since 1934. .hmk .. . i More often than not Americans paid more for their gold than Un official V. S. price of $35 an ounce. The Americans who bought gold had to keep it outside the United States because of our laws restricting most buying and own ing of gold to use in industry ami the arts. Americans could leave their gold with the Canadian banks that sold it to them, or in the care of European banks or gold brokers. In the case of the Swiss banks, their accounts could have the added secrecy of being known only by a number, rather than by the holder's name. Why did they want gold? They couldn't bring it home. It cost them storage charges, while their dollars would have brought them interest if lent or profits if put in successful business enterprises. Some probably bought gold in the belief that the otficial price would go up eventually and they : would make a profit. Repeated de nials by U. S. authorities that the price would be changed didn't ' budge some gold holders from this belief. Many with business operations : overseas found gold handy dur ing the frequent currency crises ; in other lands in the postwar j years. The metal was more stable and always acceptable. And often the local currencies fluctuated i widely in relation to the U. S. dollar and sometimes couldn't be exchanged for it at all. 1 In recent months gold buying has been spurred by the repeated ! rumors that the sleaay loss ot gold by the U. S. Treasury in the last three years might weaken the dollar's status and thus could lead to raising the otficial price. The loss of gold has come about because for three years the Amer ican government and citizens have been sending more dollars abroad and (AP) the new base I ns firing sub-1 .och have or- fleet of small is lirst vessel next month. Tho Committee for Action said today, "If shall place ourselves boats ill the path of submarines. Nonviolent possible we in small the Polaris Mixmasters Meet In Tenmiie Club The Mixmasters 4-H cooking club met on Tuesday at the clubhouse in Tenmiie: Linda Stookey was a guest at the meeting. Mrs. Dewey i Chamblen told ofjhe 4-H officers training school to be held at the fairgrounds in Roseburg on Jan. 21 from 9 to 11:45 a.m. Judy Huff, Sandy Peters, and Cheryl McDan- lels demonstrated tho making ot potato soup, which was later serv ed with the refreshments. Janey Tombs and Linda Stookey served the refreshments. The next session will be Jan. 24 at 3:30 p.m. Each member will bring an ingredient for making oatmeal cookies, according to Mrs. Walter Coats, News-Review correspondent. Cub Scouts of Pack No. 126 will hold its pack meeting at the Ladies Club House in Tenmiie on Jan. 27 at 8 p.m. Den 3 will present a skit on South America. Taking part in the skit are Spike Nuzum, David Butts. Gregory Standley, Gregory Dwight, Rickie Newlun, Jerry Da vidson, and Micheal Cornell. Mrs. George Butts is den mother and Mrs. Don Nuzum is assistant den mother for Den 3. The public is invited. Mr. and Mrs. B. B. Smith re ceived word on Sunday evening, telling of the birth of a son Terry J P; uaie, lo ineir sun aim uauKuier-j in-law, Mr. and Mrs. Sidney Smith L in I'niianeipma, i'a. Mr nnrl Mp Wnvnp Rrpilpnhlldv er and Mrs. B. B. Smith drove K 10 luymu rumt ouiunm.v wm.-n; j they visited their aunt, Mrs. Lena j MeXair who is a patient at Mast ; Hospital. Freeway Cost High PORTLAND (AP) The City Council was told by State High way Engineer W. C. Williams Tuesday that at least $210 million will be spent in the next 20 years i on freeway construction in the Portland area. i He said about one-third of this will be for the Minnesota Free way through north Portland. h 1 pra ' fei , ' . . L . ttidi hki-m ui -'ii ! I'lii.-iiiiM Steam or Dry IRON Reg. $16.95 11) ft ft SAVE $3 00 I.Oti COMBINATION REFRIG. FREEZER FROST-FREE REFRIGERATOR 161 lb. Seporate Home Freezer Reg. $519.95 SAVE $172.00 With ffrft mg trade )J40 j jtiL Qinuf nijj ! DOUBLE OVEN 40" ELECTRIC RANGE teSfS 400 Zr: $34848 Built-in Rotitscrie Two Mirocle Seal ed Ovent Automatic Grill - 1001 Surface Heats Automatic Timer Super Com Unit Auto matic Surface Unit Full Width Storage Drawer Reg. $569.95 $ SAVE $101.00 30" ELECTRIC RANGE Sams features ai KAA40 except tingle ovJn and 30" wide KAA30 Reg. $439.95 SAVE $90.00 30" ELECTRIC RANGE Bakes, roasts, and cooks complete meals automatically KDA30 Reg. $229.95 SAVE $32.00 UPRIGHT FREEZER 9 cu. ft. UM-9 Reg. 229.95 SAVE 52.00 - UPRIGHT FREEZER 18 cu. ft. FAA18 Reg. 399.95 SAVE 51.50 17800 $34848 Thurs-Fri-Sar Only-ONE BIG GROUP V. PAIRS YOUR CHOICE 200 it n CHOICE M ' ; .LTZs S vcs9usc r lit! Q CHEST FREEZER Plenty of room for what you grow and freeze yourself or buy in bargain quantity CSM20. Reg. 369.95 SAVE 72.00 $298 00 ROLL ABOUT DISH WASHER Heats it's own water No installation cost No re-modeling, plumbing, or ontra wiring SPA22DW. Reg. 229.95 SAVE 32.00 $ 198 00 ROLL ABOUT DISHWASHER Heats it' own woter SPA22RW MUMa. U Reg. $279 SAVE $50.00 EASY TERMS! WOMEN'S HEELS FLATS CASUALS SPORTS AND CHILDREN'S SHOES BROKEN SIZES VALUES TO 12.95 FREE Parking One hour fr.e perking in either lot with 52 min imum purchase. THE STORE WITH THE GUARANTEED FIT 529 S. E. Jackson Phone OR 2-2532 STORE HOURS: Doily 9 to 3:30 Menders 'til WASHER 9.95 SA' 297' MATCHING Reg. 349.95 SAVE 53.00 $00700 DRYER Reg. 279.95 SAVE 33.00 $24700 COMB. WASHER DRYER First it waihes, then It dries oil in 0 single, spoce-sav-ing unit WD3V. Reg. $399.95SAVE $50 $0095 LBA30 DBA30 17" PORTABLE TV P3100 Picture sharpens itself Reg. $159.95 $100 00 i T3700 ODEL I Portable MIXER Reg. 20.95 SAVf 6.00 $1 ya ss 21" TABLE TELEVISION T3302 Reg. 199.91 SA VI 32.00 $168.00 21"TABLEM TELEVISION SET Reg. $249.95 $1QQC0 SAVE$52.0D '' W r hi rrr "-nnunwtT T..j..A..t. 721 S. E. OAK AVE. PH. OR 3-5321
