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About Capital journal. (Salem, Or.) 1919-1980 | View Entire Issue (Feb. 13, 1957)
Page 10 section 1 .TrihJ (JAm'AL JOUKNAL Balem, Oregon, Wednesday, F ebruary 13, 1957. j DENNIS THE MENACE By Ketcham . . . .'M5H VOW? HANDS! DRINK WUR MILK' TAKE VOUR WAPJ RjtfT WO SEE WHAT SHE'S COIN'? SHE'S BOSSN'l& " BUSINESS MIRROR Small Town Bankers Generally Approve Tight Money Policies By SAM DAWSON NEW YORK W Small-town bankers aro sharply divided over the need tor more control over Installment buying terms. But as tor "ticlit money' In these days of uncertainty over the lite expectancy ot the busi ness boom and weakness in the Block market, they believe the money managers should "hold the line" and let the economy "ride it out." Ike's Feeling 'Swell Has Rough Throat THOMASVILLE, Ga. Ifl-Prcsi-dent Eisenhower pictured as "tccl lllg swell" alter 6',i hours ot golf and quail bunting, looked forward to more outdoor relaxation today. James C. Hagcrty, White House press secretary, said Eisenhower and his vacation host, Secretary of the Treasury Humphrey, hoped to hag more birds in the piney woods around the Cabinet otti cer's big plantation. Yesterday afternoon they each ' brought down seven quail in 3',i hours of hunting. Eisenhower played lfi holes of golf during the morning at the Glen Arven Country Club course. And at Hie day's end Hagcrly said Eisenhower was "feeling swell." The President got in a Bank thinks Hie Federal Reserve Their views are reported today by the American Banker. The financial daily polled grass roots bankers in cities of 10,000 or less. Most of the replies approve the light money policies of the Fed eral Reserve Board the excep tions being largely in the drought areas which haven't shared in the general prosperity. Most say the rise in interest rates has 'lifted them to a more normal level. The big city's prime rale of 4 per cent means little to : them. In their towns rales go to 6 per cent more or less. Rut the small-town bankers split over the suggestion that more controls over credit may be need ed to hall inflationary trends. William D. Wallace of the Cam- illus Bank in upstate New York thinks selective controls must be imposed on all lending agencies, particularly those which receive automobile paper. On the other side of the fence is a Virginian, W. W. Burke of the Bank of Appomatox, who writes: "If Congress undertakes to take banking under its wings and makes a mess of it, as wilh agri culture, then the outcome will be hard to guess." A Minnesolan, O. Nctland ot the First State Bank of Audobon, says Ihete is too much control as is. There is more unanimity on (he question ot tight money and inflation. "Sit light and ride It mil" I lie advice of 0. S. Russell of die Hank of Mill Creek, W. Va. Hut in Pennsylvania. C. I,, llnl- man of the Bridgevillc National brief rest between golf and quail (hooting. At the golf links, the While House physician, Maj. (ion. How ard M. Snyder, told newsmen Ei senhower has a slightly rough throat," tho aftermath of a Jan uary cold. But Snyder showed ho worry over a presidential cough. The doctor said Eisenhower picked it up during last month's inaugural ceremonies. During the day Ihe President; ply wilh Ihe light money policy conlerren ny lelepnnne twice wiiiijui lis lending agencies. is working on Ihe wrong end in Irving lo curb inflation. He says: "liaising Ihe discount rale is not going In curb Ihis evil. II must be made on (he production cosl end. Slop giving increases and keep production costs down lo tall in line wilh money rales." And in Kansas a finger Is point ed at Washington. IJ. S. fiihhs of the Caney Valley National Hank says I h c government "should practice more economy and com-. Secretary of Stale Dulles in Wash Ingtnn on Russia's new Middle East proposals. Eugene Vetoes Street Closure A staunch believer in controls is E. F. McKelhps of the Stale Hank ot Alcester, S. D., who Ihinks "en couragement of wide-open install ment Inlying caused our grief." He sums up Ihis view thus: "I may he nlil f.-ishioncd, but 1 think it is lime we slarled our young people nut on ,i liasis of frugality, rather Ihnn lei Ihem mortgage their fiilnrp lo a point where they never will he out ol debt." IImilan Reds Jiang 3 31 ore EUGENE ifl Merchant oppo sition Monday night resulted in the Eugene City Council's rejec tion of a plan (or a 10-day experi mental closure of a part of Wil lamette Street lo auto Iralfie. The plan had called (or barri cading a four block sci-lion ol Ihe riKlrir'l in ,..(, ui.i, .V. i ""AI'K.ST. Hungary W-llui.. chants' spring leslival. VV ' "l"n,"n,!i' "emw W' The councl voted Ihe idea down I L1'"" ' " ""''''I '.V r f r i n i, .... i ii.uimnys iml wn more (loath mmi- 6 lo 2 after rcccmnR a pc i inn im.,li; ,i( , , , , ' .7 with signatures , M W.lLcttr IR,, ,. ' "H",hl ",f Mrcct merchants who were op-, Th,,s, rNmilwl wrr: .,,,, Mayor John ,1. M.dinlv told Ihe' ":,'S"lf1 lri''J "', "" council he Ihoughl it unwise lo i''' "h "P, ','! "C Iry to go ahe. , Ihe lace nl tins , ,, ' "' "' '"' .. PeM. inning the licloVr revolt; .,.)' ,.i.., , ,, , s.inilnr Katnnn. who I III lii-ll.ll H.lllll "II'MIII' V il Hona's nritMll.-lllv lirutintcr' v llu. i-ilv . Planning Commission as a lest of ', , J", .,, " .? ,"'""!' "' Ihe ellecl ( separation of velncu-l '"" I, 1 , "T lar and pedesl inn tratl.c. Li,; , ,,. """Ty ' r " "! i l .lllMIIIMI'll lor two others of the Pinna; group (Ida Under and .Innns Sullcr. One man was ncquiltcd. loughl with anil .lanos Hailok. Blaze Sweeps Jiiljuar Plant COVENTRY, England i.P-Swilt-ly Sii-eadlug Haines roared through nearly half ol the big Jaguar automobile works Toes- rlav nielli r.-iliunp ml tinevneeled eiilliurlf in mil. .if HrHfiin'c ,-,i,. H export items. aWW A company spokesman said damage would reach "several mil lion dollars." lour thousand em ployes worked at Ihe plant, wliirh normally produces nearly Ihrre million dollars worlh of Jaguars week up lo HO per repi of Ihem sold abroad lo help Britain earn precious dollars. OIL TO HEAT YOUR HOME CMl Geo. Ccidwoll Oil Co. W. Hurtvl Phono fM 7-7431 Rrviviit I hilt Sri W1U.AMINA iSperial' - The Emmanuel Lutheran fliurrli will l.ave pvangclism mcelings nl the church Feb. 21 through M. Rev. Gene Vnsseler of Kauai, Hawaii, utt b Ui uiisstonni y. I SURGICAL SUPPORTS Ol All Kinds Trusses, Abdominal Supports, riaslir lloslrn litprrt Flllrrs Pr'utf l ltimt Rooms "Ask Voui Itoilor" Capital Drug Store 41).. Stale strrrt t urner ot l.llirrlr ilW tireen Slampi p. " I ',r" k- First Big Half -Yearly n FEBRUARY IS SHOE MONTH AT JOHNSON'S Reg. to 19.95 Dress Shoes 9 00 All Famous Brands Laird Scliober Palizzio, Coccini, Caprini, Nathan Originals Black, Brown, Blue, Red, Green, Tan Tones Suedes and Leathers Sizes 3 to 10 Widths AAAA to B Reg. to 21.95 Dress Shoes 11 00 Palizzio, Dominic Romano, Laird Schober Nathan Originals, Caprini Open toes, and heels, Closed pumps Halters, Slings, High, Medium, and Low heels Reg. to 16.95 Dress Shoes 7 00 Coccini, Adores, Harleguin, Heydays, Laird Schober Little heels, High heels, Walking heels Colors, Suedes, Leathers Barebacks, closed AAAA to B Sizes 3 to 10 Reg. lo 9.95 Flats (too all colors and widths From our regular stock Reg. to 9.95 White Buck Saddles 5 Tin white buck, wilh tapered tors, sics from AAAA to C, 3 to sizes 11 Reg. lo 12.95 Dress Casuals 700 Black only. Bareback Cushion insoles Tics Bicn Keg. to 11.95 Casuals and Flats 300 Broken sizes, excellent buys, serve vottrsell lirg. 9.95 Ball) Squad Oxfords 500 Famous White buck from stock, all sizes These Famous Brands lo Choose From! PALIZZIO TUR!AN DOMINIC ROMANO NATHAN ORIGINALS ' RALLY SQUADS CAPRINI LAIRD SCHOBER COCCINI ADOBES Our shoe department is now six months old and we are celebrating with our first half-year sale. Every shoe in our slock on sale for ihis even I at savings of up lo (). Extra sales people will be on hand to serve you. Doors open 10 a. in. sharp! IVo Exchanges -All Sales Final! Reg. to 26.95 Lizards 15 00 Genuine Alligators and Lizards by Palizzo, Laird Schober Greys and Brown, Medium and High heels Reg. to 14,95 Dress Shoes ' 500 Broken sizes but a good selection, help yourself Reg. to 18.95 Casuals 11 00 Turian famous Casuals limited pairs Reg. to 12.95 Nathan Original Flats 700 While thev last AAAA AA B to size 10 X IV 1' f V 1 SALEM'S LEADING FASHION STORE CORNER LIBERTY & COURT StnrP Honrs' Montla.v Friday, 10 a. m.-9 p.m. FEBRUARY IS SHOE MONTH AT JOHNSON'S 1