10 OtpttaJ Jonrnal, Salem, Or.. Wednesday, Sept. 14, 1949Qf PQSITS ROSE DESPITE SLUMP
?j
m s raw i
ri,r 'a
What's Average American in
Earning, Owing, Spending?
Br SAM DAWSON
New York, Sept. I () You are always being told what you
"the average American citizen" own, owe, make, ipend and
ave.
And, aomehow, it never seems to fit your own case very well.
For Instance, there are federal reserve board figures to show
that Americana as a whole owr.
more "liquid assets" than ever
before some $132 billion worth
compared with $45 billion be
fore the war.
But at the same time you are
told that ' the average spend
ing unit", a family, had only
$300 put away in liquid assets
in 1048, whereas the year be
fore It had $350, and in 1946 had
$400.
Liquid assets are savings you
can turn Into cash easily when
you need it, such as demand and
time deposits In banks, savings
and loan shares and United
States government securities.
Grocery Heir Weds Actress Huntington Hartford, ill, 38,
grocery fortune heir, and his bride, Marjorie Steele, IB, actress
and former nightclub cigarette girl, are shown in their Holly
wood, Calif., home after he disclosed they were married .
at Gardnerville, Nev. (AP Wirephoto)
aREENSTREET, STONE TO JOIN GROUP
'Life Begins at 70' Club
To Get Two More Stars
Hollywood W.F9 Hollywood's "Life Begins at 70" club will ad
nit two new members late this year.
Sydney Greenstreet and Lewis Stone will celebrate their
fOth birthdays during the fall. Then they join the three charter
Tiembers of the club Lionel Barrymore, 70, Edmund Gwenn,
rl. and Charles Coburn. 72.
The quintet of veteran actors
eere coincldentally all at Metro
joldwyn-Mayer at the same
ime, where they gave the young
iters a lesson In trouping.
Greenstreet and Barrymore
corked together in "Malaya"
with Spencer Tracy and Jimmy
Stewart. Coburn acted with
31enn Ford and Janet Leigh In
The Doctor and the Girl."
jwenn worked with Lassie in
Challenge to Lassie." And Stone
pompleted "Stars in My Crown"
ust In time to join Clark Gable
nd Loretta Young in "Key to
the City."
The 280-pound Greenstreet Is
the apprentice of the group. He
played his first role only eight
years ago.
Tra still lust learning the
business," he admitted. But be-'
i
'Salesman' Capt. Leroy
Simpler of navy public rela
tions section tcllsnavy inquiry
court probllng B-38 memo in
Washington, that it was his Job
to "sell" naval avaition to con
gressmen. He said he and Ced
ric Worth, the B-38 memo au
thor, agreed "no airplane could
be" as good as the air force
claimed its B-36 to be. Sim
pler said he arranged a meet
ing between Worth and Rep.
Charles B. Deane (D., N.C.)
(AP Wirephoto)
MM?
..is a hound's hot hi
-that's
PRES-T0-L0GS
THI CLEAN, ECONOMICAL
CONVENIENT FUEL
fore he came to movies he ap
peared on the stage for 41 years.
Greenstreet performed with
Sir Herbert Tree, Margaret An
glin, Julia Marlowe, Viola Allen
and the Lunts. He appeared in
every Shakspearean play in the
production repertory of recent
years. He toured every major
city in America, his native Brit
ish Isles, and Canada, India, Ita
ly, France, Malta and Africa.
Only once, since he began act
ing at the age of 21, has Green
street given it up.
"I decided to become a tea
planter in Ceylon," he said. "But
I found tea plants boring. I sold
out and went back to the stage."
And life really began, he add
ed, at 62. That's when he came
to Hollywood.
"I find it full of exhilarating
discoveries that make me feel
younger every day," he said.
The growth in total liquid as
sets and drop in average hold
ings becomes the more confus
ing when you are told that last
year three million families used
up their savings, but the same
rear as many more started
nest eggs for the first time.
It all adds up to the suspicion
that maybe there isn't any aver
age American.
If you are one of the three
million to have spent your liquid
savings, you may have used
them up when the cost of living
was rising. But you may have
put them into a home or other
real estate or Into starting a
business. That scarcely makes
you a spendthrift. It does make
you below average when it
comes to compiling statistics.
V
Before you get too worried
about the average holdings of
liquid assets being lower now
than in 1946, look at some other
figures.
There are S30 mutual savings
banks in the United States.
Their total deposits are just un
der $19 billion, up from 10'A
billion just ten years ago. There
are more than 19 million de
positors now, a gain of 3 mil
lion in 10 years.
During the first seven months
of this year, while every one
was talking about the slump, de
posits rose $588 million. The
number of depositors increased
by 339,000 this year.
At midyear Americans had
$3V billion in postal savings
and $56 billion in government
saving bonds, more than ever
before.
Or look at life insurance, not
counted as a "liquid asset". In
the first seven months of this
year Americans bought policies
with face value of $13 billion
(although the premiums they
paid in did not total that much,
of course). This was $172 mil
lion more than purchased in the
same period last year. Their
total holdings at the start of
this year were 70 per cent above
that they held in 1940.
Individuals time deposits in
banks totalled $52 billion at the
start of this year, compared with
$24 billion ten years ago, the
federal reserve board reports.
Demand deposits topped $29
billion, against a little more than
$7 billion ten years ago.
The department of commerce
puts total personal income last
year at $206 billion. That is
the total paid out in wages,
salaries, net Income of unincor
porated business, dividends, in
terests, rents, and benefits from
social insurance and veterans'
pensions.
The latest figures, for July,
show personal income at an an
nual rate of Just under $210 bil
lion, a drop of $4.8 billion from
July, 1948.
The department averages the
1948 total out at $1,410 a person,
a gain of 7 per cent over the
previous year.
gr'
SECRET OF GOOD ACTING:
'Watch People Around You
And Reaction to Daily Life'
By PATRICIA CLARY
Hollywood u.R) The secret of good acting, a famed drama
coach says, is to observe life as well as see it.
An actor must make a habit of watching the people around
him and their reactions to daily life, Mrs. Batami Schneider says.
Otherwise he cannot interpret them on the screen.
And as well as knowing oth--
ers, he must know himself.
"If people would stop
WANTTO WINTES AIR CONDITION
Tout home? Let us show tou the
I T-t ,
MCW JUW'jUIllCU iJCl - 1 1 C, Oil-
burning Conditionair compactly
designed for installation in either
basements or utility rooms where
:e is limited I
SALEM HEATING &
SHEET METAL CO.
1085 BROADWAY
Avthorhred RepresenfnfrV
0
'Roll Your Own' That's the
latest craze at Palm Springs,
and southern California heat
has a lot to do with the idea.
But it's bathing suits, not cig
aretes, they're rolling. All you
need is a silk scarf and a few
deft twists here and there
and presto! Caren Babbcock
(above) shows the r esult.
(Acme Telephoto)
Chances are there were few
persons who made exactly
$1,410. But if you are one of
these rare Individuals, that
makes you the average Amer
ican. How did you manage on
that? j
and
think about the underlying rea
sons for their actions," she said
"there would be far less dissen
sion in this life."
Mrs. Schneider, who started
her theatrical career with the
Habama Players of Moscow and
Palestine, and was with Stanis
lavsky, has been working for the
last 11 years helping stars of the
theater in their dramatic inter
pretations. Samuel Goldwyn brought her
to Hollywood to coach Joan Ev
ans for her movie debut in
"Roseanna McCoy" and kept her
to help another find, Phyllis
Kirk, with her first screen role
in "Beloved Over All."
"I don't try to give specific
instructions for any one role,"
she said. "I work more on per
sonality and imagination and
cultivating inner poise. I want
to develop a confidence so that
when an actor eventually stands
in front of a director he will be
able to do what is required of
him."
Her rules for developing per
sonality and poise, she added,
apply not only to stars but to
any person. They are:
1. Know yourself. Find the
reasons for your actions. They
will give you poise.
2. Observe life. Watch others
and their reactions.
3. Develop your imagination.
It is food to nourish your per
sonality. 4. Be eager to learn new
things. They will broaden your
life.
5. Be warm and friendly to
others. That will give you a per
sonal magnetism which will help
you reach any goal.
Fall Info Wafer Pool
In Yellowsfone Fafal
Yellowstone National Park,
Wyo., Sept. 14 UP Burns re
ceived when she fell into a Yel
lowstone park hot water pool
were fatal yesterday to four-year-old
Karen Anderson of
Grand Coulee Dam, Wash.
Park officials said she tum
bled into the pool after breaking
away from her mother, Mrs.
Theodore Anderson. Karen was
taken to a hospital at Livingston,
Mont., where she died of second
and third-degree burns. Her
father is a reclamation bureau
employe.
Pupil Plans Changed
Woodburn Pupils of the sev
enth and eighth grades will be
transported to the Washington
building and not the Belle Passi
school a.1 previously announced.
Sixth grade pupils will be tak
en to the Belle Passi school.
Oleo Tax Repeal Delayed
Washington, Sept 14 W Sen
ate Democratic leaders today
shelved until January the ques
tion of repealing oleomarga
rine taxes.
Senator Lucas (D.,-I11.) an
nounced after a party policy
committee meeting that there
was unanimous agreement that
the issue should not be brought j
up in the senate until the next
session of congress. I
Salem Nursing
Home
Newly Decorated
24 hour nurse service
Dignified Courteous
Service to all types
of patients.
Call at 3595 "D" Street,
Salem
Hare's all you have to do to
be eligible to win In
WHITE MAGIC SOAP'S
TELEPHONE
QUIZ
Just answer 2 easy questions
If the White Magic Soap Quiz
Man calls you on the phono.
an ADDITIONAL
a qvtstlon which will
pertain te some perils el
the printed matter en e pack
age ef White Magic Seep.
Q QUESTION OF THI WEEK.
Qveition lor next week
September If te September 24
WHAT ANIMAL IS CAUED
THE KING 0' BEASTS?
f Camp Jo l (! rvfM ( Itftwtvl
0
00
IN VALUABLE
will be given away to residents
ef II WESTERN STATES only...
640 80 WEEK
-tr -tr -Cx Television sets radio.
PHONOGRAPHS REFRIGERATORS
LAUNDROMATS, AND A HOST OF
OTHER WESTINGHOUSE APPLIANCES I
WINNERS FOR LAST WEEK
Mrs. K. K. Mnrov
Dm Bar lUIHaaralaa
Mrs. Howard Bennett
Nawbtra WafMa Rakar
Mrs. Arnold Krhrlt
Qraahaia Vataaal Oaanar
Mrs. Walter B. Sliver
fataaata Tv4 Nltil
Mrs. Ronald A. Newman
Mtlwaahla Aatamatla Iraa
Mrs. Richard Jenn
laaallaa CHr Aataiaa - Iraa
Mrs. Dolly Bniner
Ooldendale, Washington
Toaster
IIT'IM MOM
CAPITOL LUMBER CO.
N. Cherry Ave.
rhone HIM er 14411
HERE'S ANOTHER BIG OPPORTUNITY TO WIN I
Be sure to have White Magic Soap in your heme.
It will help you te be a Winner.
BE SURE TO GET COMPLETE RULES
o, SAFEWAY
AT THE OREGON STATE FAIR IT WAS NO
NO LESS THAN SENSATIONAL!
No ether refrigerator eon offer you feature like these today . . .
or for years to come. Dual-Temp introduces a new era in food
preservation. True, we may not be able to deliver your no defrosting
refrigerator oi soon as we had hoped . . , despite the fact that more
and more Dual-Temps are being built every day. But when
you see this new 2-in-1 refrigerator, we are confident you'll
corea that Dual-Temp is well worth Its "waif" in gold.
Its many food and money saving features can be found
on no other refrigerator.
Come in and, see the DUAL-TEMP refrigerator, today!
Remeber - No Down Payment- on Our Approved Credit Plan