The Bend bulletin. (Bend, Deschutes County, Or.) 1917-1963, October 20, 1949, Image 4

The Bend bulletin., October 20, 1949, Page 4, Image 4

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Newspaper Page TextTHURSDAY, OCTOBER 20. 1949 PAGE FOUR THE BEND BULLETIN. BEND, OREGON V 1 THE BEND BULLETIN and CENTRAL OUKC.ON IMtKSS Tin Bond Hullrtln (w-klxl HOS-IMI Ths Bnt Bullrtln Whl Est. me PublU-d Kvery Afttniouo Jutcevt Sunday and Certain Uulitteys by The Vvnd UuUvtin IN.). W.II Btrt U" OrBron tnur-i aa Hcrond Class Matter. January . IH. al Poslof'xa at Bead. Orwoa Unuar Act OI Mare , !;. ttOUKRT W. SAWYER Kditor.Manaaar HKNKY N. TOW1JER AssaelaM IMitor All Uilauaooant NewanaiMT Btaniltna for tha Square laal. Clen Hu.ln.as, Clean Polities and Ilia Uaat InUrssta of Band and Central Oraaoa MKMHEK AUDIT BUREAU OF CIRCULATIONS Ur Mall By Carrier Ona Yaar ' One Yar Hl Month JJ.OJ ' " ' ihraa Unnthi $2.40 Ona Month All Subacrlptlona ara DUE and PAYABLE IN ADVANCE Plaaaa notify ua of any chanaa of addroaa of fallura to racalva tha papar ratnlayly. ..Slfl.ee , .1 & AO ...11.00 WASHINGTON COLUMN COMPOUNDING THE INTEREST More pressure is to be expected shortly to effect bigger and better sules of U. S. government savings bonds, it is learned in announcement of treasury plans. It was to be expected anyway, if the earlier news that the national government is going deeper in the hole were given a realistic interpretation. Deficit financing calls for borrowing and government borrow ing can be effected either by loans from banks or by selling bonds to the public. The former method is more inflationary than the second and has been avoided of late on this account. So the indications were that sooner or later there would be a stepped up bond campaign. Apparently it is to be sooner. The reason for this is at first glance a bit obscure, for sales of the "E" savings series have been steadily greater through the years than redemptions, a comparison which could not be made in any of the earlier years since war's end. This, it would seem, might be sufficient But bonds will mature and in 1952 those issued in 1942 will be presented for payment. Min us earlier turn-ins the first wave of these maturities will hit the treasury with an estimated billion dollar impact. One fourth of the amount will be interest accruing to holders far sighted enough to hold the government's obligations up to the due date. But both principal and interest must be paid and it is apparent that the treasury, with government insisting on spending beyond its income, must, in effect, re-fund the loans made by hundreds of thousands of investors. That means, simply, selling other bonds to take the place of those being re tired, more bonds, in fact, because the principal of the new loans will have to be sufficient to cover the principal and interest of the old. Arid this is what the treasury is preparing to do. It will be only the first of such drives, for there will be wave after wave of maturities, corresponding, minus pre-maturity redemptions and plus interest, to the successive sales -of war bonds of 10 years before. The new tokens of indebtedness issued will still be gootl, at least as good as any safe, .conservative investment that can be made. But the theory of financing and business operation that they will exemplify is rather alarming. To borrow to pay interest is not sound. It can be justified only by the demands of real emergency. To continue such practice, time after time, is to declare that the emergency must go on and on, to admit that the debt will grow greater and greater, compounding, building upon itself until it can no lonsrer be endured. It can so increase that even the yield of confiscatory taxes will not avail against it. That point, when it is reached, is the jumping off place. It is the point of bankruptcy, national and individ ual, the point at which representative eovernment ceases to exist, when dictatorship and or state socialism takes over wun its meviiaoie aestrucuon 01 numan ireeaom. Seemingly we 'are being crowded on to just this sort of thing, willfully and needlessly forced closer and closer to the abyss. Needlessly, it is to be stressed, because the means of preventing the catastrophe are still at hand. They lie in simple business practices applied to government, in the introduction of efficiencies and ordinary economies which any private op erator of a reasonably successful business would insist on. A long step in this direction can be taken by adopting the : provisions of the Hoover government reorganization report, j a part of which has now been legislated, and then seeing to it ! that these provisions are carrjed.out to the letter. In the other ; direction is ruin, to be reached by continuing the policy of spending and borrowing without regard to consequences. Is i this exaggeration? Well, the nation's accounts were two bil-i lion dollars in the red this week, with the fiscal year little ,, more than three months gone. GOVERNMENT BY CRONY When Jim Curloy, who now graces the mayor's chair in Boston, was a young man he impersonated another in a civil service examination. His explanation or excuse when the fact was discovered was, "I did it for a friend." President Truman operates on the same basis when it comes to appoint ments. The qualifications of an individual for the job in question have little or no weight. As to almost any appoint ment Truman has made he can say only, with Jim Curley, "I did it for a friend." So it is in the appointment of Mon Wallgren to the federal power commission. Having failed to land his pal on the na tional security resources board the president gives him an other berth. Government by crony has become the rule. Wallgren was completely unfitted for the resources board. For the power commission there may be less against him but it is to be remembered that as governor of Washington he re fused to have any part in the work of the Columbia inter agency committee and the power commission is one of the agencies supposed to be working with the committee. Will Wallgren, as a member of the commission, try to keep it out of the inter-agency committee? By IHiukIiw I -arson (NKA Staff CurratlHtndcnl) Washington (NEA) As a pro paganda weapon against commu nism In France the Marshall plan Is reported to have fallen flat on its face. And as a result the chances of the plan achieving Its basic economic aims there are seriously jeopardized. This is revealed In a report of the joint congressional ECA watchdog committee. It is a pene trating study made by two staff members of the committee who spent practically all summer In France analyzing the problem. They are public relations experts Robert L. Fallow and Gabriel ft Vogliottl. Unfortunately, Fallow and Vog liottl discovered, most of the caus es for the failure to sen me French people on the merits of the plan are nothing that ECA of ficials can do much about. They exist in the peculiar postwar state of mind of the average French man and In "French sensitivity, resistance, truculence. The re port states: "France's fierce pride is one of the elements slowing down the op eration of the Marshall plan. To be told that the bread they eat contains free flour, their rails made of donated steel, their cur rency backed by donated money, is galling. The suggestion that Frenchmen should be grateful arouses an antagonism so fierce as to jeopardize the negotiations necessary to the various projects in the Marshall plan. The French government's ap-1 parent lack of enthusiasm in help ! Ing ECA officials to sell the plan i to the French people Is explained . In the report: ' "Government Inaction stems1 from the fact that the present government is a coalition Incorp-; orating a wide range of violently j conflicting economic groups. As a general proposition it is ungues-; tionable that the coalition govern-' ment has endorsed the Marshall : plan. But even the groups most j favorably disposed toward Mar-1 shall plan measures are hesitant about too strong an advocacy of its requirements for fear of scath ing charges that they are obeying foreign masters." i Due credit is given In the re-! port to the efforts and work of; the ECA Information: , "The ECA Information team has made an Intelligent and con sistent effort to get the western ! side of the story across to France, j This Is not to say that it has sue-' ceeded; the odds against Its doing so on Its own are too great. But no account of Information on the Marshall plan in France should ; slight the intensity of its work, the ability of its staff, and Its un-; derstanding of the delicacy of the Job." "Past events have created a French attitude of mind which is almost hysterically opposed to any hint of domination, and a bel ligerent attitude even toward the best Intentloned advice. France has a chip on its shoulder that has no counterpart in, say Belgium, England, or Italy. "The consequences of this atti tude, so difficult to visualize in the United States and so real an obstacle In France, are immediate. They have a direct bearing on the rate of progress of the Marshall plan." In their efforts to break down these national phobias, ECA's public relations men have been hampered by lack of co-operation from the French press, the report states: "The French press, the non communist press, is lying down. It is not championing the Marshall plan. It is not news that many of the leading newspapers of Tance can be bought and that their repu tation for venality is pretty well founded. As a result any paper adopting a strong position on an issue is inevitably charged with a sell-out. In an issue as controver sial as the Marshall plan no pa pers have cared to go all out." COMMUNICATIONS Communications ara Invited on mat tars of currant and local tntarsat. Let tars should not ba over 400 words In lanath. on only ona sida of tha papar and. If possible, tvnawrltlan. Laitrr or manuscripts aubmlttad for publL cation will uot bo raturnad. F RAISES SCHOOL BAND I Eugene, October 17, 1SM9 i To the Editor: I should like to express my per sonal appreciation to the schools and citizens of Bend for sending their fine band and drum corps to the O r e g o n-Colorado football game at Eugene last Saturday. There have been many comments on the performance of the Bend groups and all most compliment ary. As a band director I could not be enthusiastic over a fine foot ball show if it were achieved at the expense of sound musical training; in Bend this is not the case. The Bend music department is doing a consistently excellent job In every particular, and the people have every reason to De proud of this. The Bend groups even brought some of that good Central Oregon weather with them and this made them doubly welcome to us. Sincerely John H. Stehn ' Director, University of Oregon Band The University of Illinois col-1 lege of agriculture is carrying on about 225 separate research projects. There was a meeting in Portland'the other evening in the nature of a rally in support of Sheriff Mike Elliott who faces a possible recall in an election to be held tomorrow. Elliott was HI and could not attend but it was not sufficient for him to send word to that effect. His wife brought a doctor's certifi cate, a precaution that, in view of Elliott's record in the mat ter of personal statements, seems quite understandable Out on the Farm By Ila S. Grant "The plies will freeze one of these nights," the Chief has been saying, so last night he hung the new back door between the utility room and the porch. It's a combination screen door and storm door, with interchangeable panels of glass and screen. Very sharp. Before we had Just a screen door, and the cats had found a weak point, whore they clawed open a coi ner so they could crawl in and out at will. The new door had them completely thwarted, so they got up on the roof to scream then- protests. There still was water in the ditch this morning. Ice had formed all along the edges, and the waterfall was decorated with Icicles, Just like a Christmas tree. Fire fatalities are estimated as iihoiit 25 greater In rural homes than In urban homes as a result of a study of such deaths during the past 13 years. Pythians Elect Nelson Leland Nelson L, Leland, Bend, was elected grand vice chancellor of the Oregon Knights of Pythias at the organization's annual conven tion in Portland this week, it was learned yesterday on the return here of members of the local dele gation, headed by Dr. R. D. Ket- chum, past grand chancellor. This past year Leland served as grand master at arms for the Oregon I'yinians. Also elected to office was Gus Johnson, of Princville, who was chosen for the office of grand master-at-arms. In the local group attending the convention were Dr. and Mrs. Ketchum, Mr. and Mrs. Leland, Mr. and Mrs. Claude Kelley, Mrs. Arthur Brinson and Mrs. Fred Van Matre. The Portland convention was declared outstanding in the long history of the Pythians In Oregon. HONEY PAYDAY SPECIALS Friday thru Tues., Oct. 21-25 II D FREESTONE SLICED PEACHES 2 cans 45c Yamhill Grated TUNA can 27c 1 lb. box 27c 2 lb. 49c Dundee CREAM CORN 2 ccrhs 25c 69c 36c Klondike SWEET PEAS 2 cans 23c OHerbrook Cut STRING BEANS 2 cans 25c BEANS 2 lb. cello bags White, 34c Kidney, 35c Red, 29c Pinto. 29c Hood River APPLE CIDER -- gal. Betty Crocker, white or devils food CAKE MIX pkg. Duffs HOT ROLL MIX. pkg. 25c PUREX qt. 15c, gal. 27c Lumberjack SYRUP 5 lb. can 79c jug 35c 41)0 - SHEET SIZE ZEE TISSUES 2 pkgs. 19c Tide, Rinso, Fels Naptha Chips, Duz, Super Suds, Oxydol SOAP large pkg. 29c COLUMBIA MEAT SPECIALS Beef Sirloin Steak lb. 69c Beef T-Bone Steak lb. 69c Pork Chops, lean lb. 69c Stewing or Roasting Hens Fresh Fryers, Kippered Salmon Fresh Oysters 1 lb. pkg. 33c Nalley's Bouquet Dill Pickles Glass 39c Exceptional Values . IN LUXURIOUS DINING ROOM SUITES 1 18 I I illllll issssaw Beautiful Duncan Phyfe Suite $329?5 A dainty suito of beautiful mahogany. Largo exten sion table and 6 colonial upholstered chairs. China cabinet and large credenza. An castorn-mado suite made to sell for S39S. A pre-holiday special at PW. eaKwr- k-u-T sWflOnsliMMIinafll L . a, la. . J J if I It a E 11' B.7I 1 8-Pc. Walnut Dining Suite Regular $259.95 $199.95 Easy Terms For the most discriminating, this suite 13 ideal. Regular $253.95, it is ideal for the medium size room. Extension table, host chair, 5 diners and buffet in rich walnut. Matchless Values Rock Maple Suite An rxai't ri'iriiliirlliiii of n ftn lil I'l'iiimylvnnlu Pti'c h ( nliiiilnl milti Ho. frucUiry lyix tll. Unit' in'ilriu uml 0 iIIiiIiik t'lmlr In honry ilov finish. Iti Kiilur S.M7. rri'-hullimy m lul nl $449.95 B! cached Oak Suite lt'n niixlrrii tut lol.lorrinv. Ijitki kIx li'K rl;ht fool rxti'iixlon lalli', lill hu ll linf fi'l mid fl illtiliiK rlinlr. Hnrilwimtl cou nt met Ion IhroUKhuut. Itt-Kiilur S'jllMKl. Pre liulliliy MM'lal '199.95 8-Piece Suite A modern H (ilrce lili-ui'licil niik or ! nut Kiillf with full front biiffw, II illn i1 ni. uml t-xlriixlmi tiihli', Ki'Kiilnr SIKIU.'V J99.95 WEAR-EVER ALUMINUM SAUCE PAN TRIO CHICKEN FRYER DUTCH OYEN All-in-one SB The hand lei t pans in your Ititche n. Closed head, cu y-to-read cup inarkinjtt. Steam-teal, aclf-bant ing cover, fleam vent. It xtra-thick aluminum alloy; cool Uakelite hand lea. 5 7 95 54.95 Brofi's teaks, chops, fish , or bacon. Serve riiilit pa platter, sizzling hot trout broiler 10 uoie. $3.75 flukes pics with tfolden brown bottom onist. 1' luted edges ' hold juioet in. Patented Aluml lite Finish eh. sorbs radiant ha. i ouiaklv.. 85c Double Boiler.... 1.95 Cake Pans 85c Roasters 3.25 Tea Kettle 3.25 Egg Poachers 1.60 Percolator 2.50 Corn Stick Pan.. 1.65 Drip Coffee Maker 3.60 IT ALWAYS PAYS TO SHOP AT BEND FURNITURE CO. DEXTER""" WASHER Famous for its fast, easy washing of clothes. Two large" tubs cuts washing time in one-half. Balloon type wringer. Now priced at only $159.50 Take Up to a Year to Pay! Portable CINDERELLA WASHER Washes with air and water action, easy on clothes. Will do large washings quick and well. Fully guaranteed. $29.95 'si, iii-U ' iul t Hi. l.u U VvJ V