Expect Churchill to Make
Dramatic World Gesture
London. Feb. 8. U.B British conservatives gae the first
hint today that conservative leader Winston Churchill may make
some spectacular gesture in the field of foreign affairs before the
Feb. 23 election.
The hint was put forward in a speech by Anthony Eden, second
man in tne conservative pariy-
and Churchill's wartime foreign
minister, when he opened the
conservative radio campaign last
night.
Eden promised Britain the
conservatives would devote all
their strength and experience to
restoring the fundamentals of
friendship between nations
whatever their political color.
Eden prefaced his remarks on
foreign affairs by stating that
"the threat of the hydrogen
bomb is before us as an awful
warning."
Truman Invokes T-H Law Charles Ross (right, Presi
dent Truman's press secretary, hands reporters copies of the
president's executive order invoking the Taft-Hartley law in
a first step towards getting the federal court to order 400,000
striking coal miners back to work. (Acme Telephotc)
Private Enterprise System
'Starves for Venture Capital'
By SIGRID ARNE
Washington, Feb. 8 W) Senator O'Mahoney (D., Wyo.), says:
"Businesses are going begging for lack of venture capital. The
private enterprise system is starving for capital."
O'Mahoney headed a committee in December to find out how
many people were hanging on to their dollars instead of investing
them in corporations, or putting
them out to start new businesses,
and why.
When fewer people invest
money fewer workers have a
chance for new jobs and Uncle
Sam loses the chance to collect
taxes from growing business.
Many witnesses before O'Ma
honey's committee said that the
tax collector was taking too
many of the dollars that better
paid men used to have left over
when they had paid the family
bills.
The National City Bank of
New York studied the federal
income taxes paid by people who
earned $25,000 or more in 1928
and 1948.
This is what the bank report
ed: 1S38 1948
Number of returns 111,382 114,300
Income subject
to tax 8,83S,58B,000 9.412.300,000
Federal tax 1.045.108,000 4.660,300,000
Met Income
after tax 7.500.300.00O 4,812,000,000
Average Income after
tax, per return 65.238 21,623
Adjusted for change In
purchasing power 68,238 19,187
Total national
Income 878,700,000,000
8326,204,000,000
Notice how comparatively few
families have been added to the
upper income brackets in the
20 years even though the na
tional income tripled in that
time.
Further, while the national in
come increased three times,
upper bracket incomes jumped
by only about a ninth.
But the government took more
than four times as much taxes
from the top group in 1948, so
this group took a swift plunge in
what was left.
Like all the rest of us, this
group was hit by another blow.
The dollar has had less and less
value in the last 20 years. The
bank says the average $27,623
earned by the upper income
bracket after taxes was really
worth only $19,787 in 1948.
That salary would look like
heaven to most of America's
workers. But that sort of whit
tling cuts down the amount
which the upper income crowd
can put into factories which em
ploy Americans.
Industrial experts now figure
that it costs $8,000 of somebody's
investment money to put just
one worker on the job.
Last Thursday Senator O'Ma
honey proposed a plan to find
some new risk capital.
He explained a bill, which he
will introduce, to a news confer
ence. He said he would like to
see some "capital bank corpora
tions" set up inside the federal
reserve system. They would
lend to small business. Thev
would get their money from any
bank, financial institution, or in
dividual who felt like buying
the corporations' bonds.
He added that he would give
these new corporations a help
that the old investing crowd
doesn't have:
He would exempt them from
federal taxes for 15 years.
Mrs. Guthridge Hostess
Falls City Mrs. Ethel Guth
ridge was hostess for the Loyal
Women class of , the Christian
Church at her home. The time
was spent in visiting and fancy
work. Refreshments were serv
ed to Mrs. Richard Paul, Mrs.
Howard uromling, Mrs. Laura
Horn, Mrs. Chester Benefiel
Mrs. Hope Lettermen and Mrs.
Guthridge.
Potato Goals to Be
Set Late This Month
Potato goals for 1950 will be
set the latter part of February,
announces W. M. Tate, chairman,
Marion county PMA committee
Compliance with goals is not
compulsory but they are estab
lished every year as a require
ment of the price support pro
gram.
Any one who wai:ts price pro
tection on his potatoes in Mar
ion county should write the Mar
ion county PMA committee, 440
North Church street, before Feb
ruary 25 requesting a goal.
Tate adds that nearly all of the
known commercial potato grow
ers have been sent letters about
the 1950 support program. How
ever, some may have been miss
ed or there may be those who are
intersted in raising potatoes for
th first time, and the county
committee wants to give full con
sideration to everyone.
The labor government has re
jected suggestions that a new
approach to Soviet Premier Josef
Stalin might be profitable m
view of the hydrogen bomb.
The conservatives have been
silent on this issue, although the
conservative press has deplored
the labor governments refusal
to entertain such an idea.
Eden's offer to try to work
things out with any nation was
in sharp contrast to Prime Min
ister Clement Attlee's recent
statement that a new approach
to Stalin on the atomic bomb
would be worthless.
Attlee said it probably would
do more harm than good by
raising "unduly the hopes for
peace which have been so cruel
ly disappointed in the past."
That has been quite the oppo
site of public opinion as express
ed in the British press. Nearly
every daily and weekly news
paper has urged that in view
of the hydrogen bomb a new ef
fort be made to reach an agreement.
Some political quarters point
ed out that Churchill's major
vote getting personality is in the
foreign rather than the domestic
field.
They predicted that a promise
by Churchill to make a new ap
proach to Stalin might be t
spectacular last-minute vote
getting maneuver.
Bridges Testifies
In Own Behalf
San Francisco, Feb. 8 UP)
Harry Bridges took the witness
stand today to defend himself
against a charge of perjury.
The president of the CIO
Longshoremen's union, accused
of swearing falsely that he was
n t a communist, was the 49th
witness in the long trial, which
was in its 49th day.
He will be in the witness chair
for several days, on direct and
cross-examination, there to give
the sworn narrative that will de
termine, largely, whether he re
mains a free citizen of the Unit
ed States, or is sent to prison
and then deported to Australia,
where he was born. ,
Bridges replied in a low voice
to the customary preliminary
questions put to him by his de-
Capital Journal, Salem, Oregon, Wednesday, Feb. 8, 1950 9
fense counsel, Vincent Hallinan.
His name, he said, was Harry
Renton Bridges. He was born
in Melbourne July 28, 1901.
His father was Albert Ernest
Bridges, a real estate man. His
mother was the former Julia
Dorgan.
(The government has contend
ed that "Dorgan" was one of
Bridges' aliases in the commun
ist party.)
Bridges said he had the
equivalent, in this country, of
a high school education. He
went to sea in 1916; he told
them he was older than he was,
he said first as a cadet, then as
an ordinary seaman, finally as
able seaman.
Multnomah GOP Shy
Place for Celebration
Portland, Ore., Feb. 8 (U.R)
A Lincoln day dinner for Mult
nomah County Republicans
needs a roof and a table.
The dinner was originally
scheduled for the Cosmopolitan
Club. But the club engaged in
a labor dispute with AFL culi
nary workers, has been black
listed by the Central Labor coun
cil. "The Republican party cer
tainly is not going to hold t
meeting in a club that is on the
unfair list," said banquet com
mittee chairman Olin Harrison.
"We are bystanders."
Wife Tells Robbery
Story to Cover Losses
Milwaukee, Feb. 8 (U.Rl A Mil
waukee woman today had tome
explaining to do her husband.
Police said Mrs. Catherine
Grzonka, 47, faked a $12,000
robbery story to cover up raids
she had made on the couple's
savings over the years.
Mrs. Grzonka first told police
that she had been held up by
two men Monday after she with
drew the money from a safe de
posite box held pointly with her
husband.
Under further questioning, po
lice said, she admitted there had
been no money in the box be
cause she had spent it.
NO other rub acts faster in
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EVERYBODY EXCLAIMS
ABOVE!
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eveimDy
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From Now until FEBRUARY 14 ... . You'll Find
Unlaid linoleum
Print Linoleum 77
Wallcovering
Asphalt Tile
All at SEVEN LEAGUE Savings!
Vol. to 2.75
iq.
yd.
Vol. to 90c
C
yd.
Was 65c
lin. ft.
5V Z
Val.ro 16c
SAVE
SEVEN
TIMES
SEVEN
CCJh
a
2
FINAL
CLEARANCE
COATS
One Group, Values to 34.95 ia gft
now 1 7.00
One Group, Values to 49.95 ftft A A
Now ZV.OO
One Group, Values to 59.95 t m aa
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Hard Surface
Floor Covering Values
9x12 Congoleum
and
Armstrong Quaker
$10
95
9x12 Manitex
Tilec and Florals
$598
Enamel surface rugs
from 6x9 to 12x15.
6-Ft. Yardage
CONG. AND QUAKER
50c
Manitex 6'
Yard Goods,
rn. ft.
40c E
Standard and Light Gauge
Inlaid Specials $1.49 and $1.19 rn. ft.
$19
2-PIECE
Living Room Suites
Sturdy Latex-back Friexet. Choice of
popular colon. Deep Coil Spring Seati.
Choice of Davenport or Daveno with
Matching Club Chair. A reg. $209.50 Suite
17988
Extra Special. One only. Floor Sample.
2-pc. Suite, Rote Stripe Mohair. Mas
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Sold regularly for $229.50.
14988
6 ft. Plastic Sandran
Needs No Waxing.
Per foot
Innerspring Mattresses
$tj88
$2488
$29,88
St. Francis Cover. Mattress
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Woven Stripe Cover. 46 or 33
Flexolator Insulation. A value
Beautiful Damask Cover.
A $59.50 Mattress for only
Limed Oak Sets
8 pes: Table, buffet, 6 chairs.
Special $10088
I mm M
7-Pc. Set $98.88
price.
5-Pc. Chrome Dinette
Stainproof heat resistant.
Formica table - top. D u r a n
chairs. $89.50 value. Red,
gray, $AQ88
yellow Q
5-PC. DINETTE. Nat. HW.top.
Chrome legs, leath- $0 Q88
erette chairs
Special!
Table
Lamps
$495
Values to
$8.95
5.Pc. Beiroom Suite
Aa '
lock Joint Drawers.
La..,U Chest of Drawers.
SrVeortwin. $7.88
PLATFORM ROCKERS Val
ues to $69.88. Mo- $ A Q88
hair, tap., velour. . w
$3988
$1188
SPECIAL GROUP
Tapestry Rockers.
PULL-UP CHAIRS,
special
ARMLESS DAVENO. Good tap
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cover T X
VELOUR AND TAP. DAV.
Flexalator $CQ88
insul
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match
s69l
$4488
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AOINT "OR
at that
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i