10 Capital Journal, Salem, Ore., Thursday, AuffustlM949 p?w
V? ; I
If y" I
Jubilant Welcome British sailors (foreground) jubilantly
Jsalute the sloop Amethyst off North Formosa after the ship's
Waring escape from Chinese communist captivity in the
jYangtze river. The sloop had been trapped In the river
llnce April 20 when It was beached during a duel with Red
rtlllery. (Acme Telephoto)
'Navy Pilots Check i
Info Reported Wreck
Anchorage, Alaska, Aug. 11
U.R) Navy pilots prepared to
day to check a report that wreck
age of a navy PBY aircraft has
been sighted on a remote moun
tain peak near Kodiak.
At least two PBY bombers are
missing in the area. One disap
peared after taking off from
Port Heiden last November. An
other was lost in August, 1947,
on a trip from Kodiak to Cold
Bay.
AjasKa jusn fuot Vincent
Bailey of the Collins Flying
service said an orange life raft
lay at the foot of the rugged
mountain, located nine miles
northwest of the Kodiak airport.
He said he flew close to the
scene.
Bailey said it appeared a pa
trol bomber had struck the
mountain at high speed and had
catapulted down the slope, com
ing to rest and burning on a
ledge.
Man Who Nominated
MacArthur Loses Leg
Milwaukee, Aug. 11 Wi The
blind attorney who nominated
General MacArthur for the
presidency lost a leg yesterday.
Harlan W. Kelley, who suffers
from diabetes underwent an
operation in which his right leg
was amputated above the knee.
But he plans to continue his
his law practice and run for
congress in 1950, he told friends.
Kelley gets around with a guide
dog.
Kelley, 46, long a leading re
freeing of Bank Reserves
Questioned by Skeptics
!By SAM DAWSON '
New York, Aug. 11 UP) The government li moving to make It
sier for businessmen to Dorrow money and easier for Uncle
Sim to borrow, too.
The idea is a double-barrel
oft. to put a brake on tne reces
ten and to make the treasury's
tort of deficit financing less
painful. It comes at a time when
baying - on - time is climbing
lain, when past-due accounts
fe increasing, and when taxes
afe at an all-time peak. No
finder the financial picture
!ikes you dizzy.
The federal reserve board Is
going to free $1.8 billion of DanK
reserves in a four-week trickle,
a(a time when businessmen pre
sumably should be looking for
bjnk loans to prepare for fall
aed winter business.
tSome skeptics doubt if this
will do much to brake the reces
sion. They point out that busi
ness loans are down $2.7 billion
fcbm the first of the year, and
trjat the $16 million rise 10 days
ago from the year's low scarcely
Indicates any great demand for
business loans which the banks
cin't meet easily as it is. These
observers contend that the banks
afready have plenty of money
t$ lend, and that the real short
age Is in borrowers.
iHowevcr, by freeing the re
serves at this time, the federal
rwerve noara once more maKes
it plain it has switched from
fighting inflation to fighting de
flation, and will make certain
trjat money is easy, and pre
sumably stays cheap or gets
cheaper.
tThe move comes at a time
when consumer credit is on the
increase again, after its dip in
the first few months of the year.
The federal reserve board re
ports that at the end of June
total credit outstanding to con
sumers was $iH,i4i,ooo,ouo,
higher by $1,472,000,000 than
the total a year earlier. Easing
its curbs on installment buying
was one of the first steps the
reserve board took to fight the
recession. Apparently, the eas
ier terms have induced more
people to buy on time.
Installment buying of such
things as autos and household
appliances has reached a new
high at more than $9 billion.
Charge accounts and other
forms of non-installment credit
has risen to $7 billion. Against
this rise in consumer credit, the
credit research foundation re
ports today that in the last six
months there has been a defin-
$$ MONEY $$
FHA
w
Real Estate Loan
Farm or City
Personal and Auto Loans
State Finance Co.
1S3 8. High 8L Lie. S21 3-5221
BEAN PICKERS
URGENTLY NEEDED
W need people who will drive their own cars to
the fields.
We need people who will camp at fields In West
Stayton and vicinity.
We need people In yards and will supply transpor
tation from this office daily.
FOR INFORMATION Call
THE EMPLOYMENT SERVICE
South Cottage & Ferry Sts. Telephone 39288
Marion County Bean Growers
Don't Pay Caihl
Ui SomUr'i liberal, long
Ttrm Credit Plan. No In
1rotl or Extra cnarg .
trmi at low at
501
flN A WEEK
MS
You Can
rear Glasses
WITHOUT
FEAR OF
BREAKING!
Drop fJtam Hit fhamf f tap mtt thamf
New UNBREAKABLE LENSES can taka III
Compltl y protection for Active 5 port i
men . . . workers In ihop or factory. . .
Featured by SEMLER In (tlmletl or Framed
Glaitei, mad to pretention of yovr teg
litered Opromelritt.
feathT-Ugbt for Comfort
MM and fog-R$ltantl
CrysfahCharl
HAIIY
SIMlIt
trtiitfeM
Un breafcabf Gfouei utvolly Jteody in
ONE DAY
2W
V 3-3311
I OFFICE
ES
Wctm-Adoipk IU. STATE t COMMERCIAL Solm.Ora.
ite slowing up of collections in
the manufacture and wholesale
fields. Past-due accounts now
average 7.5 per cent. A year ago
the average was 5.5 per cent.
Factors cited in the rise of
past-due accounts include:
change from a sellers' to a buy
ers' market, the pinch of com
petition, management inexperi
ence in dealing with postwar
finances, and the increased cost
of conducting a business.
From where I situ Joe Marsh
Specs And I See
Eye To Eye
Asked Specs Allen to fro hunting
last week. Known him all my life.
m I wasn't mirprised when he
showed np with no ftjnn. Spec
doesn't like to kill anything.
' Couldn't ask for a better hunt
ing companion, though. We tramp
around the woods, and whenever
the dogs flush a bird, I blazt away
while Specs just watches.
Told him once I was surprised he
went along . , . feeling the way ho
does about shooting anything.
"Well, Joe," he says, "you do what
Toa think is right and I'll stick
to what I think is right Tre no call
to dislike yon for not seeing ooerf
thing the way I tee W
From where I sit, open-minded-ness
is a wonderful quality. Then
are plenty of things Specs admires
that dont care for. Like his
fondness for buttermilk. I'd rather
have a glass of beer anytime . . .
but Specs Allen and I don't let
little differences get in the way of
something big like friendship.
06 OHma
Copyright, 1949. United Statu Brewm Foundation
Old? Get Pep, Vim
CALCIUM, VITAMIN Bi
MEN, WOMEN V.V,'?,
baUPted. Take Omrei. Cnnliln. ,nm.
needed liter 40 by bodle old Just becttue lirk-
-. ., puinuui, .iwuiinni. i noui&nai now
minger. Try OstreiTonlcTablrre
TOUAY. Oat introductory uu now lor only Mo.
At all drug stores everywhere In Salem,
at Fred Meyer".
publican, suffered complete loss
of vision more than a year ago.
His speech at the 1948 national
republican convention placing
the name of MacArthur in nom
ination won him an ovation.
By 1902, Canadian production
of nickel was more than 5,000
tons.
VIS
WANT
WHITER
PUDS?
Rain Drops fuaranteei em.
In any water, any washing
method, rain or shine, dried
indoors or out! No soap film.
bciiu israr As:
doqs 6a fir This Tamotts Tvod
That Contains CAAf9
Geo Aftr
aving (Renter
Stores
SALEM
12 Mile North of
Underpass
On Portland Road
WEST SALEM
At Foot of Bridge
Both Stores Open from 8 A.M. to 10 P.M. Daily
Specials for Friday, Saturday and Sunday
BREAD
White Sliced
lb. Loaf. .
2 , 35'
KEN-L-RATION Cosfs For Less Than
Butcher Meat Saves Dog Owners
AAnr rttr4r 'Compare Ken-L-Ration with other do
many UOIiarS f00ds.Open a can and notice the chunks
of lean, red meat nutritious U. S, Government Inspected horst
meal. Supercharged with all known "dog-health" vitamins . . .
enriched with vital minerals. Yet costs far less than
butcher meat. Nothing to cook. Nothing to add. Justr
open and serve. Get 3 cans of Ken-L-Ration from your
favorite dealer today. I
"(H UWW IWW iiuiMU. like in ciciiu uhiii 1,,, (np
address for your Free copy today. Ken-L-Ration, tui. aai
Chicago 77, Illinois.
m i
mmm
MARKET IN TOWN
WHERE YOUR DOLLAR GETS TIME AND A HALF
SALMON
More of Those Fresh Small
Fish Approximately 4 lbs.
Each $1.29
FILLET OF ROCK FISH
NO BONES
NO WASTE
FRESH lb. 29c
SLICED BACON, Armour's
lb. 45c
LIVER, Young Beef lb. 29c
U. S. GOVERNMENT INSPECTED FOR YOUR PROTECTION
BEEF ROASTS I SHORT RIBS I STEAKS I FRYERS
42c 29 b - 69c U9 h
Lean Tender Lots of Lean Meat Boneless No Waste Large Reds
iiiiiiii,iimii,,ii,i,ii,imbhim
CHEESE, AGED, over year old
lb. 49c
CHEESE, 2-lb. loaf only : 74c
GARDEN FRESH FRUITS AND VEGETABLES
RADISHES ONIONS CANTALOUPE I TOMATOES
Bunch 5c 6 29c ) 2 ib 19c
SPAGHETTI I Salad Dressing CATSUP I SCOTT TISSUE
2 can, 29C 1 Pine 29C 2 bo.e, 29c 9 roII, lOfi
Froneo-Americon m Q A "" I71
1 Quart IGA. . . TC 14 ox. Bottles .
Pork & Beans : A7777T7T WAX PAPER
For an Added Service We Take Pleasure
2 can. 25C 68t,in' 0t N EX,ra C0,t 2 roll, 45C
v" c.mP'. HOT MASTER BREAD 12s f. ct.it.
RrknTfrnrtorc Right from the MARGARINE
Krispy Crackers 0ven to You 19c
Box
25c Every Day at 4 P.M. I Mayflower
IGA rj!
Store l-
roadmy Grocery
BROADWAY AND MARKET STREETS
Open Sundays 8 A.M. Till 6:30 P.M.
IGA
Store
ICE CREAM, 33c
BABY FOODffff 5c
KRISPY CRACKERS w 20c
PREM 3 J.00
MOTOR OIL,,.. .1.10
Three 2 Gal. cans 3.00
2500-MILE GUARANTEE
Produce Department
TOMATOES '."".Vr., 98c
PEACHES .'11'" 1-89
WATERMELONS ZTT... 3c
CANTALOUPES
Ripened. . 2 'or 15c
LOCAL SLICING J A
CUCUMBERS 4 ,.t 19c
LOCAL '. J A
SWEET CORN do, 19c
Meat Department
Lowest Salem Prices
Every Day
LARD Lb . 1212C
( Bring Your Own Containers
Bacon Squares m. ... 12 Vzc
Veal Stew b 25c
Veal Roasts ib 39c
Liver Sausage ib. 35c
Pork-Pickle Loaf 39c
Pork Links Lb 49c
Frankfurters Lb 39c
Veal Round Steak Lb 68c
aving (Renter
Stores
At the Foot of
The Bridge
WEST SALEM
'l Mile North
Of the Underpass
SALEM
0$f NSINO OPTICI4NS
i