Holmes, Hatfield
Turn To Multnomah
County for Windup
Salem-l?D-Both Gov. Rob
ert D. Holmes and his Republi
can rival, Secretary of State
Mark Hatfield, will wind up
their election bids with a
sharp accent on Multnomah
county and its 281,283 regis
tered voters.
While neither candidate
was "telegraphing his punch
es" there remained the possi
bility of some last-minute fire
works before next Tuesday's
deadline.
Democrats have a majority
of 35,000 voters in the crucial
In the Day's News
By FRANK JENKINS
Sign of the times:
The Wall Street Journal re
ports that reprinted dime
novels of the 1880's are going
like hot cakes at 85 CENTS!
-That's INFLATION for you.
1 ACK in their heyday, these
paper-back thrillers were
contraband. They were smug
gled from hand to hand-like
marijuana in these more mod
ern days. In a generation
nourished on Louisa May Al
cotfs Little Men, Little Wom
en, Rose in Bloom, Eight
Cousins, etc., and Horatio Al
ger's Struggling Upward and
Other Works-with Sir Walter
Scott's Ivanhoe permitted in
certain households, - but gen
erally frowned on because it
dealt with low characters
such as outlaws-these dime
novels were strong meat.
Much too strong, it was felt,
for adolescent literary stom
achs. When they were read
(which was oftener than was
generally known among par
ents and guardians) they were
read out in the haymow.
AH, Me!
How times have changed.
In these days, I'd say.Vthe
fact that people are cheer
. fully planking down 85 cents
lor these dime novels of yes
teryear and ACTUALLY
READING THEM in prefer
ence to a lot of the trash avail
able on the paper-back racks
is a distinctly GOOD sign.
It indicates, perhaps, that
out literary tastes are IM
PROVING. OPEAKING of inflation
& You've noted undoubted
ly, if you're at all interested
in such things, that the Fed
eral Reserve Board (generally
referred to in the jargon of
the security markets as "the
Fed) has raised margin re
quirements for stock pur
chases from 70 per cent to 90
per cent. --
That is to say:
If you want to purchase
stocks, you must now put up
90 per cent of the purchase
price in cash. For some
months past, it had been
necessary to put up only 70
per cent in cash.
Prior to that time, for a
long period, stocks could be
bought with a cash payment
of only 50 per cent of the
purchase price.
llfHATS "the Fed" up to?
' The answer is rather
simple.
IT'S PUTTING ITS FOOT
ON THE BRAKE.
"PVERYONE who drives a
car, I suppose, has felt the
temptation, on topping a hill
and seeing a long, straight,
downhill road ahead to LET
'ER ROLLL. It's fun.
And-
As long as the road stays
straight and only gently slop
ing it's quite OX.
But-
If beyond what seems to be
a gentle curve there comes a
series of SHARP curves, with
perhaps a cliff on one side,
the pleasant whoosh down the
gentle decline may have fatal
consequences. It would have
been better to put on the
brake sooner.
"The Fed" is seeking to put
on the brake in time.
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Portland area
Many capitol observers felt
that the two men in Oregon's
most interesting political race
were so evenly matched in
records of public service and
voter appeal that they weren't
putting up any of their own
money, either way.
Both Hr Today
Both candidates were here
today for a meeting of the
Board of Control.
Except for a Wednesday
swing through Clackamas
county and a Saturday visit to
Corvallis to watch the Oregon
State - California football
game, the governor will con
centrate on vote-getting in the
Portland area. .
Hatfield leaves for Portland
after the Board meeting today
for speeches to the Portland
Kiwanis club, the Sunnyside
Fellowship and the Streetcar
mens' Union.
Tonight Gov. Holmes ad
dresses college faculty mem
bers in Portland and makes
other campaign appearances.
Wednesday will see the
governor and Mrs. Holmes in
Oregon City and other Clack
amas county points for a day
of campaigning, while Hat
field addresses the Parkrose
Kiwanis club in Portland and
attends a Veterans For Hat
field rally at the Multnomah
hotel in Portland.
Appearances Many
Hatfield will be at the
southeast Portland Chamber
of Commerce and the Italian
businessmens' club in Port
land Thursday.
Gov. Holmes has a Thurs
day morning meeting with
Rear Admiral Frank T. Wat-
kins, commander of the 13th
naval district, here and will
be in Portland Thursday
night for a series of campaign
events. Following office ap
pointments Friday morning,
the governor will again be in
Portland for campaign tours,
Both men are invited to an
employees' night at the Esco,
Hyster and Cascade Manufac
turing Companies in Portland
Friday.
Hatfield plans to rest Sun
day and wind up his campaign
in Multnomah county .appear
ances Monday. The governor
also has a number of visits in
Portland Sunday and Monday,
concluding with a TV appear
ance Monday night.
Air Operations
Man Gets Orders
Tyndall Air Force Base,
Fla.-flJPft-Things really began
to pop when the word "may-
day" was heard on the phone.
"Mayday" is the interna
tional aircraft distress call.
The sound of it galvanized the
Air Force ground control in
terception station here into
placing all emergency meas
ures into immediate effect.
The control staff had no
doubt of the call's authentic
ity, since it came from the
operations office at this Air
Force base where a world
wide weapons meet is being
held.
A bit of clarification re
turned the situation to nor
mal. The caller explained that
he was Airman 1C Jerome
Mayday, of operations, and
that he was calling on a rou
tine matter.
Mayday was under strict or
ders today: When he calls, he
is to identify himself simply
as - Airman 1C Jerome."
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