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About The Bend bulletin. (Bend, Deschutes County, Or.) 1917-1963 | View Entire Issue (Oct. 11, 1949)
y Historical Soeity Oregon publlo Auiltorlu. LEASED WIRE WORLD NEWS COVERAGE 33rd Year Brutality Charges At State Asylums Held Unfounded Hy Wll.MAM Wakkkn (United I'l'C-KH Slllff Correspondent) Sulom, Oct. 11 (tl.l!) Clifti-K'H tltut attendants had murder ed patients at Oregon slate hospital and al tin? eiiHtcrn Oregon Htatu hospital at lVndleton wore denied today by William Hyan, ro-ordlmilor of Htnte Institutions. Thi! citizens Bi'tion committee of Portland told the Htatu board of control hero at its nicolinjf laHt Tuesday that it had information that attendants throiiKh brutal treatment bad mused the deaths tf patients at th Sulem ami I'ondleton I w il CI institutions, At today'M moot- i ii K of ttu board, Ityan denied any patient had been Hlain by attendants, and proceeded at detail to answer accusations of the citizens action commit tee. NoIImk t lint I lie cnmmlltce Imil Mild thai u Jim Duller wus mur dered la Mured or April of I1MH by being kicked In tin stomach mid Jumped on ly an attendant and Hint he died three or four miinlhH afterward a result of the Injuries, Hyan told the bonrd: lUvord Cited "Tlilii Incident happened In Juno of 1942 and not In 1!MH. The record of the hospital hIiciw I hut Jim Duller was attacked by an at tendant, and that he wan uper uted on'nl the hospital In June of ! 1!H2 ami completely recovered mi a short time. The alten.lnnt was fired, Jim Duller Inter died on May 2il, 1!MH, from coronary heart disease, and there was no connection between his death and the Incident referred to." Ityan ussurcd board members C!ov. Douglas McKay, Secretary of state Kurl T. Newbry and Stale treasurer Walter J. I'eurson- that whenever an nltendiint Is found Utility of brutality or of otherwise mlxtrcullng u patient, he Is fired. Ho said it was some times diffi cult to catch nn attendant In the net. but when the attendant was so caught, he was promptly dis charged. Ryan snld the aim at With Institutions, as well us other state Institutions. Is to Ret com petent and understanding em ployes, and those thuf arc not competent or understanding are being weeded out whenever pos sible. Referring to the accusation of the citizens action committee that Jack Leovy, Levi llogrln and Sol (ireen died as result of electric shock Irentment March 11, HMO, Ityan said: Strangled by Patient "The record clearly Indicates that the three patients were strangled at night, and while asleep, by another patient. A cor oner's Jury on March 13, 19-H), found Hint all three were strangl ed by Wylle Hill, another patient." 1IIII later maimed himself so severely ho died ns result of his self-inflicted Injuries. To churges of the Portland group that Irwin Wakefield wus ben ten to death April 11, 1944. In ward 38, because the patient ar gued with the nttcmlunt, Kyan said: "The record Indicates that three criminally Insane inmates In ward 38, two of whom were charged with murder and one with forge ry, organized an attempted break In that ward. Wakefield was one of the thrco and wns armed with nn iron bar, nround which was wrapped a (magazine Saturday Evening Post), and the three at tacked the throe attendants with such fury that the attendants were forced to take refuge in the linen room and lock themselves In. Another patient in the linen room on that ward handled the attendants a broom handle, and so armed, the three attendants open ed the door and went out to re store order. (Continued on Pago 7) Apprenticeship Making Rapid Apprenticeship training In this nren has mndc great strides In the past several months, J. W. Bllyeu, trades nnd Industry co ordinator in Bend, nnd It. II. Burt, representative of the bureau of apprenticeship, U.S. department of labor, announced here today. There ore several trade appren ticeship commit Ices operating In the area, under Jurisdiction of the- Bond local apprenticeship committee. These committees cover Crook, Jefferson. Des chutes nnd part of Klamath coun ties. In the central Oregon nrca, trade committees have been formed for meat cutlers, pipe tradesmen, carpenters nnd clec trlclanB. The Oregon stale ap prenticeship council Is the regis tration agency for nil apprentice ship agreements and standards of apprenticeship. The local school district, In cooperation wllh the slate department of vocational education, Is making available re lated technical Instruction for ap prentices In the different trndcB and crafts, The charge to the apprentice for this related train THE BEND TWO SECTIONS YOUTH OnOT By Brother, Check Shows Information on file today in the stale police headquarters hero re ven I h that Donald Hurtls, 22, Port land, who wus seriously Injured Sunday In a hunting accident on 1'lne mountain, got In the line of fire of hi brother, liny Hurtls. Police ascertained that Kay Bur lis shot at u deer, and at a dis tance about 200 yards the bullet entered the right leu of Donald Hurtls, Just below the knee. The Portland youth suffered a lienvy 'ok of blood and was In u critical """ " Charles hospital, hollowing scv oral transfusions, he rapidly re covered. Officers said the shooting was obviously nccldcnliil, and no charges will be filed. In another accident Sunday, Douglas Ayrcs. I'rlnevlllo. was In jured when a gun was accidental ly discharged In camp, when it fell to the ground. The bullet en tered Ayres' right leg. Jusl below the knee. The leg was badly shat tered. The Ayrcs accident occur red In the Sand springs area. Northwest Faces Another Storm (By Unh4 l'r) Blustery, rain-laden winds gust lng to gale force velocity of -15 miles nn hour whipped western Washington cltli-s Tuesday but the weather burcuu forecast "a gradual slackening off during the next 2-1 hours." The storm started 48 hours ago In the North Pacific and moved rapidly eastward, weather fore caslers said. They said a second storm, this one of Alaskan orig in, wns moving out of the Bering Sea, along the Aleutian chain nnd should hit the Pacific northwest Into Wednosdny or Thursduy morning. Klfty-flve mllenn hour winds full gale force struck Washing ton and Oregon coast Monday night. Bain squalls changed to snow showers at higher eleva tions. Oregon's winds subsided Tues day morning, but the Rule con tinued unabated along most of the Washington seaboard. Highest velocity winds 52 mllcsanhour were recorded at Cape Flattery, Wash., Monday night. Guests exceeding 55-miles-nn-hour In that locality gradual ly diminished, however, nnd Tues day morning's high was 30. The wenthor bureau saw no appreciable change in the till perature, the next few days. A forenoon forecast said storm win-nines still were flying along the cousl from the strait to Cape Blanco, Ore., nnd In the Inland waters of Washington. Training Strides Here ing will be 25 cents an hour. In structors for the different trade classes will be selected from the Industry they represent. Registration for these classes will bo hold this evening at 7:30 o clock In room 219 in the Bend high school. Classes will be con ducted In carpentry, moat cut ting, plumbing, heating and elec tricity, at present. The apprenticeship training Is for the benefit of both veterans nnd non-veterans, "This type of trade training dales bark to the building of King Solomon's temple nnd, some his torians sny, oven before," lenders of the local training council snld, "In Europe, apprenticeship tins oeon in existence for centuries opernled ns the 'guild system' which meant thnt the learner wns hound to the mnster craftsman for a certnln period of years, re ceiving little compensation for his work. The system is Improved In America, and is operated on a democratic basis, its main put- pose is to assure industry a con stant supply of competent crafts men to meet Its needs," Colleqe President Is Speaker y mm ft-'":'. .--V r T Dr. Elmo Stevenson, left, president of Southern Oregon college, wus sH-aker ul a generul ussembly of touchers this morning in Hie high school gyiniiushun, as the second day of the twelfth annual Central Oregon teachers' Institute got under way. At right is Wiiync Foster, Jefferson county school superintendent, who was In charge of arrangements for the Institute program. Bend School District May Borrow to Meet Expenses Possibility that Bend school district may have to resort to khort term borrowing- to meet current budgeted expenses was foreseen last night when the board of directors panned resolu tions authorizing Glenn il. Gregg, board chairman, and Mrs. Irene Cothrell, clerk, to represent the board in obtaining bank loans. - Under state law the district may borrow from month to Rodeo Grounds Will Be Sold To High Bidder Faced by a two-year Mirror (Mind pageant deficit iiggrcgnting more lhan $5,000, the Bend Stum pode and Water Pageant associa tion Is offering for sale to the highest bidder Its rodeo ground proorty Just south of the clly limits, w. J. liner, association president, announced today. A call for bids was advertised today, with proposals to be receiv ed up to 5 p.m., on Saturday, Oc tober is. ine property is gener ally known as the Stenknmp ranch and is located two miles south of Bond. The trnet holds -10 acres, with a 36-ncre water right, under the Arnold ditch. Bner said the asso ciation reserves the right to re ject any or nil bids, "or to uccept the bid deemed in the best Inter est of the nssoclntlon." Pro-War Purchase The nssoclntlon obtained the property In pre-wnr days, Intend ing to develop it Into a nice truck nnd rodeo arena. Later the prop erty wns turned over to the city. wllh the proposal that It be de veloped over a period of years. Recently, when the association was faced by Its second consecu tive deficit In presenting the pag eant, directors asked for the re alm of the property from the city. Association officials had hoped to obtain n loan on the property, but this plan did not materialize. Bids Opened Here On Grants Pass Pipeline Project Eight contract offers, nil In ex cess of the engineer's estimate, on a proposed project for the replacement of pipeline in the Northwest unit of the Grunts Pass irrigation district, wore opened today at the U.S. reclam ntlon office in Bend. . Lowest bidder wns the P. S. Lord Mechanical Contractors of Portland, whose offer totaled $112,000, approximately 30 per cent above the engineer's esti mate of $81,700, The highest offer of $138,810 was submitted by the firm of Fred J. Mnurer & Son. of Eure ka, Calif. Other bids were made bv Uenshnw Brothers, of Port hind, $117,783: Rnmsev Construc tion Co.. of Corvnllls. $ll!).l)(i7.50; F. W. Riddle, of Springfield, $136, 008; Del R. Beeho Construction Co., of Eugene, $128,2-13 50: Day & Mold, of Glondnlc, $131,793.41; J. II. Pomerov & Co., Inc . of San Francisco. $123.-152. nnd Baldwin Strnuh Corp., Snn Francisco, $127,910. J. W. Taylor, construction en gineer for the Deschutes project, snld that the bids will he sub mitted to the regional office for consideration. Contractors present nt todny's opening of bids Included L. E. Jeffs, of the Beebe Construction Co., of Eugene: J. B. Dnv. of Glendnlo, nnd Harold M, Ram sey nnd C. C. Kolley, of Corvnllls Also present were M. E. Monde. Victor Boehl nnd Ted M. Hon nil officials of the Grants Pnss Irrigation district. CENTRAL OREGON'S BEND, DESCHUTES COUNTY, OREGON, TUESDAY, OCTOBER 11, month within budget authori zation. The interest rate which would be paid is 3 per cent. Heavy cash outlays for buildings, two of which are under construction, may de plete the district's bank ac count before tax payments for the 1949-1950 fiscal year start coming In, Mrs. Cothrell explained to the bonrd members. The community college pro gram conducted locally is "filling a great need in this nren." Super intendent James W. Bushong de clared in his report to the board. Total individual enrollment is 117 and class enrollment is 270, he said. Student age range Is from 17 to 51 years and 78 out of the total rt'gaitorea are men. Other Classes Started Not In the college credit group of work but still a desirable part of the adult education program in Bend are courses in shorthand, boatbuilding, beginning sewing, upholstering and machine shop, which are being offered this term. Boatbuilding, upholstering and machine shop will be dropped for tne winter term and wood turn ing, odvanced sewing, architec nurnl drawing and public speak lng added. In the spring term shorthand, auto mechanics and advanced (Continued on Pago 7) Salem Man Dies Of Wreck Hurts David King, of 1963 North Fourth street. Salem, died last night at 11:30 In St. Charles hos- pltul, of Injuries suffered in nn ac cident late Friday night near the highwny intersection west of Sis ters. Mr. King wns in the driver's sent when his body wns pried irom tne wreckage by stnte po lice, who Investigated. With him wns Victor Bousquet, 44, also of Salem, who Is still a patient at St. Charles hospital. His Injuries in cluded fractures, but his condition Is not critical, according to hos pital ntteiidnnts. The accident occurred when the driver of the Salem car attempted to pnss a truck, struck a soft shoulder and lost control of the car, which pranged oil the high wny nnd struck a plno tree. Inves tigating officers snld the car was demolished. Before the driver could be removed ho had to be pried from under the steering wheel. Mr. King suffered hurts that In cluded multiple fractures of the arms nnd legs, brain concussion, a fractured jnw bone, several fractured ribs and a collapsed lung. One leg wns fractured above the knee through the knee joint nnd In the lower limb. 3 HURT IN ACCIDENT Redmond, Oct. 11 Three local men were Injured, two of them seriously, this past week end when their car left a curve on highwny 97 year Madras and roll ed down n grade, injured nnd In the local hospital' are Frank Mc- catrery, T, who suffered a frac tured hip; John Flnley. who suf fered Internnl Injuries considered serious, and Robert L. Denton, rancher, who was only slightly hurt nnd wns rolensed from the hospital. McCnffery, who operat es a real estate office here, wns showing Denton's ranch In the Gateway area when the accident occurred. BULLETIN DAILY NEWSPAPER Terrific Storm Of 31 Persons U.S. Mediator Plans Action To End Strike Pittsburgh, Oct. 11 MP The government set out for the third time toduy to "lay the ground work" for a quick settlement of the 11-day-old steel strike. federal mediation director Cy rus S. Chlng said he was schedul ing the lime and places for a series of "separate and Informal" conferences wllh Industry leaders und representatives of the CIO United Steelworkers. The latest government move came as picket-line tension eased at the East Chicago, Ind., plant of Inland Steel Co. after the com pany dropped plans to send super visory employes through the line. The coal fields, however, re mained a hotbed following a new rash of tripple-burning, property wrecking raids on non-union mines in western Pennsylvania by bands of pickets. Pickets Raid Mines Six carloads of pickets raided the T. & T. mine in Armstrong county late yesterday, throwing stones and damaging a truck. State police arrested two pickets on charges of destruction of prop erty and assault. In Butler coun ty, a non-union worker was in jured when the truck on which he was riding was showered with stones by pickets hidden in a woods. ' The new mediation meetings, probably starting Thursday, will be wholly exploratory. But Ching left no doubt he fully expected the conferences to pave the way for an early end of the economy wrecking strike.- Some government officials still be ieved. however, that anv solu Hon to the steel strike Will have to involve a settlement of the 22 day-old coal strike. The mills can not operate without coal, they said. Business Tax Now Proposed Salem, Oct. 11 IP The Oregon legislature may consider a new business tax of two per cent when it meets again in 1951. Such a tax, which would be based on net earnings, was pro posed by Ren. Giles French. R.. Moro, at a meeting of the legis lative interim committee here Monday. The tax would take the place of the present personal property tax, which French said has so many exemptions it is virtually inoperative. French said a sub-group of the Interim committee had discussed the proposal and tentative bills will be drafted by the commit tee's legal department for further study. Discussion by committee mem bers indicated the corporation tax rate would be around five or six per cent, but French stressed that the exact amount had not been determined Meetings Proposed A per centage of such a tax would be returned to the counties to replace the personal property tax. , Sen. Howard Belton, R . Canby. chairman of the interim group, proposed that a series of region al meetings be held throughout Oregon so taxpayers could learn of the French proposal and other tnx suggestions first hand. French ndded thnt these meetings could determine whether the plan would receive public support. French said the present per sonal property tax law is not sat isfactory because the tax is plac ed on inventories on hand at a certain time. He said his proposed tnx would be based on profits from the sale nt such goods. The committee members also discussed abandonment of the state property tax law and elim ination of the six per cent limita tion provision of the state consti tution. . ; MANY TICKETS SOLD Prinevllle, Oct. 11 It was an nounced yesterday by Dr. Walter Wlnitsky, president of the Prine vllle Community Concert asso ciation, that 580 season tickets had been sold to residents of the city and surrounding area for a series of programs of high class musical talent to be presented this winter at the auditorium of the Ochoco grade school. Com mittees of the group canvassed the community the past week. 1949 Steel Span Across Mill Creek Taking Shape; Plans For Dedication Discussed The steel span across Mill creek, on the route of the new Warm Springs cutoff into Portland, is taking final shape, but considerable work remains to be completed by the Nov. 13 deadline, date set by highway officials for the dedication of the bridge. Major work remaining' to be completed is the placing of the hand rails at approaches and on the lofty span. It was recently announced from Salem that the span would Aridity Still Grips Bend Area, Readngs Show Aridity characteristic of the en tire year continued through Sep tember, with only .26 of an inch measured at the Bend weather station to bring the total for 1949 up to a meager 3.87 Inches. Tem perature, however, was near nor mal, the mean for the 30 days being listed as 56.8 degrees, com pared with a long-time mean of 55.5 degrees. The mean minimum was 39.1 degrees, slightly above the 37.9 normal, and the mean maximum was 74.6 degrees, com pared with a long-time mean of 73.4 degrees. Highest temperature of the month was 88 degrees, recorded on September 1, and lowest was 23 degrees, on the 17th. Skies were cloudless on 15 different days and partly cloudy on 14 days. On only one day was the sky overcast. Highest temperature ever re corded in Bend in September was 94 degrees, in 1922. and the low est was 12 above zero, in 1902. Figures For Month Maximum and minimum tem peratures for the past month follow: V.il. Mini. M.jl- Mini. mum mum mum mum 1 .... 58 42 17 71 23 18 82 SI 111 76 X 20 .... 72 27 21 78 2 22 84 80 28 83 38 24 .,..71 38 3i .... 72 43 28 78 62 2t .... 76 64 28 .... 66 50 2D 64 34 30 63 85 . 87 84 48 42 40 41 82 80 . 71 70 Is 24 28 2 Many Trash Fish Killed in Ochoco Dam Reservoir Prinevllle. Oct 11 Cats of Crook county and other central Oregon communities since Sun day have become sated on suck ers and other trash fish, and scores of families have eaten trout, salvaged from operations oi tne state game department in eliminating trash fish from the reservoir of the Ochoco Irrigation district and the watershed of Ochoco creek, streams aggregat ing 100 miles in length. The destruction of the fish by use of rotonone was begun short ly before noon Sunday, when 14 boats, the use of which was pro vided by local sportsmen and members of the Prinevllle chap ter of the Izaak Walton league, were put into commission, and ended today. Bob Borovicka. aquatic biologist of the state game department, was in charge of the poisoning operation. He was assisted by some 25 men of the game department. Borovicka obtained a concrete mixer for use In preparing the ro tenone dust. It was placed in the mixer and water was added to make a thick paste. This was then placed in burlap bags, and these were towed by the volunteer boats in assigned quarters of the reservoir until the paste had been released in the waters. The rote none is being applied by hand to the reaches of the streams of the watershed. Many Get Flsti Announcement that the rote none, while It will kill the lis by paralyzing their gills, would not render the fish unfit for food, attracted scores of Crook county families to the shores of the res ervoir Sunday. Bv early after noon the . waves, whipped up by a stui wind, wnich proved some what of a handicap to the boat men, were sending hundreds of dead fish to the shores. D. K. Frewing. president of the local Izaak Walton league. which had taken a lead in secur ing the trash fish poisoning pro gram, said he estimated 100 suckers for every trout salvaged. There were many crapples and squawfis'ii. Frewing reports, but surprisingly few catfish were washed ashore. It was thought the catfish sank. Indeed. Frew (Continued on Page 7) Takes Lives In Midwest be dedicated on Sunday, No vember l.i, with various com munities joining in the pro gram. It is presumed that the dedication of the span also will mark the formal opening of the new highway, but some hitches may occur. Delay Possible Early winter in the mountains precluded the possibility that the seven-mile unit of the highway in the forest at the west end of the route could be completed this fall. Travel over that part of the road, a modern, wide grade, will be on the gravel surfacing. All other sections of the highway from Madras to the forest boundary will be oiled. Painting of the span, under a sub-contract, is under way, with most of the basic work finished. This job included the painting of tne two nign steel pillars that reach up from concrete pedestals to the deck steel. Concrete deck ing has been poured and the gorge is now spanned from rim to rim. Cleanup Work Remains A large amount of cleanup work also remains to be done in the month before the dedication. This cleanup will include the re moval of the wooden falsework under the steel span. It is Dre- sumed that most of this will be burned in the gorge. The Don L. Cooney, Inc., of Seattle, Wash., has the general contract for construction of the steel span over MilV creek. The bridge will be 583 feet long and 230 feet above the white water of Mill creek. Each of the towers is lbO feet high. The contractor has until Nov. 30, 1949, to complete ine joo. Engineers report that the new highway will reduce the distance between central Oregon points and Portland 33.7 miles. Haacke Indicted By Deschutes Jury The Deschutes county grand jury yesterday returned a true bill against Earl Haacke, 36-year-old Bend resident, charged with manslaughter. Throughout most of the day the jury, composed of two wom en and five men, heard testimonv on the Haacke hearing. A. J. Moore, district attorney, had 10 persons appear before the lurors on behalf of the state in its case against Haacke. Haacke - is accused of beating nis wile to death. Today the jurors began hear ing the evidence agav-ist Joe Hornsby, 37-year-old Bend resi dent, who is accused of arson. NO HOLIDAY HERE State and county employes who in past years observed Columbus day as a holiday, will be on the job as usual tomorrow, according to reports from state and county omces. Also to be open are the banks, postoffice, and schools. Fate of Autumn Business , Hinges on Strike Situation By T. W. Klonlen (United Pnjsa Financial Writer) Washington, Oct. 11 UP By all the Indicators businessmen should prosper in the final three months of 1949 but whether they do de pends on settlement of the steel and coal strikes. The strikes in America's two basic industries will cause only temporary dislocations if settled quickly. But if they drag on in the steel mills, especially the damage may be irreparable. This is the opinion of many ex perts. Secretary of the treasury John V. Snyder thinks a speedy agreement In steel and coal could signal a new economic rally. Sec retary of commerce Charles Saw yer finds the national economy to be basically sound. But he has warned that consumer spending already is being cut down in the wake of labor strife. Before Philip Murray callod out the CIO steelworkers to join the coal miners In idleness ex perts in the retail trade optimis tically looked for the biggest Christmas on record in 1949. To day the probable spending vol Sfafe Forecast OREGON Snow in moun tains, partly cloudy tonight and Wedr.ssday. Cooler to night with low 25 to 35. High 50 to 60 both days. No. 261 Crop Damage Will Extend Into Millions (Br Unltnl Prna) A mighty storm with hurricane, strength winds left 31 persons dead in the midwest and west today as it roared north Into the Canadian wilderness. Gales that sometimes hit 100-miles-an-hour lashed the plains and Great Lakes, yesterday as warm air from the south col lided with strong breezes tearing down from the Canadian Rockies. Heavy rains swept vast sec tions, pouring tons of water from thick cloud banks. Temperatures, which had been setting new highs for the season, tumbled as the wind and. rain struck. The warm southern air turned the storm back to the north and today it was rushing. Into the area surrounding Hudson Bay. Hot In East The storm brought no relief, however, to the sweltering east where temperatures soared to ward record maximums for the second day in a row. Forecasters said the heat wave would linger lor as far as we can see into the future." Thousands of New Yorkers sought relief from the humid heat with autumn swims at Coney Island. Yesterday, New York had Its hottest Oct. 10 on record with 88 degrees, just two points under the all-time high for the month. It also was the hottest day since Aug. 29. Newark, N. J., recorded a 90-degree higher. tour of the storm dead were in Wisconsin. One man drowned when his sailboat capsized In the wind; a heavy barn door torn loose by the wind killed another; a third suffered a heart attack struggling against the storm and a fourth was electrocuted when the wind hurled him against a downed wire. Crops Hard Hit The midwest, assessing millions of dollars in damage to crops and buildings from winds that hit 100 miles a.n hour, had nor mal autumn weather with a band of showers stretching from Mis souri northeasterly to Michigan. Five of the persons killed in yesterday's bad weather were airmen who met death when their B-17 bomber crashed into Great Salt lake after encountering "ter rible weather" over Salt Lake City. At West Point, Calif., seven persons including five small chil dren died when an over-heated wcodstove set their house afire. The stove had been overloaded with fuel to ward off the autumn chill. Typical of the deaths scattered throughout the midwest was that of lineman William Farmer, 64, of Spirit Lake, la., who was elec trocuted as he repaired a power line damaged by the storm. . ENGINEER DIES IN FALL Portland, Oct. 11 IIBOtto Hln kle, 59, of The Dalles, engineer on a westbou.nd Union Pacific train was killed today when he fell from his cab while the train was on a siding near Pendivton, railroad officials here said. They said Hinkle climbed down to throw the switch and appar ently lost his grip on the hand rail either in descending or climb ing back up to his cab. ume is In doubt. . Savings still are huge and the national income high in spite of the strikes but widespread labor troubles make people cautious, the experts point out. Secretary Snyder and others have called attention recently to the $200,000,000,000 backlog of U.S. savings as a potential mar ket for Just about everything that American manufacturers pro duce. And because they have such savings, Americans have been eager and willing to buy out of In come. , Proof of this Is furnished by the , federal reserve board report that Installment credit time pay ments rose in August to a rec ord high of $9,613,000,000, ft gain for the month of $282,000,000. Furthermore, businessmen who early In the summer feared a price slump and cleared their shelves of high-priced stock, have for the past two months been buying inventory again. The re sult has been a rise In busines loans in eight weeks of $553,000. 000 to $13,384,000,000. r t
