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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (May 25, 1960)
WtdeeueV. MT. 10 MllTaiUNIMeeW,Of. OPEfcJ FRIDAY, MAY 27th, UNTIL 9 P.M. rtswear spectacu m vJ jW If CLOSED MONDAY, MAY 30, MEMORIAL DAY Shop Downtown Thurs., Fri., Sat, 9:30 to 5:30 OPEN FRIDAY NIGHT 'TIL 9 P.M. BRENTSHtRE EASY-CARE COTTONS MAKE YOUR TEARFUL REUNION Mrs. Leyla Top, 59, of Ankara, Tur key, a widow, Is shown in a tearful reunion with her brother, Yervant Jlerodian, 58, of Lexington, Mass. They had been eparated for 45 years. Merodian, for 40 years, thought his sister dead after Turks descended "n their village, putting 11 Armenians to death. (UPI Telephoto) Truth in Lending' Measure Runs Into Congressional Snag Washington -(CO)- One of the few bills in Congress of direct interest to every con sumer is now locked in com mittee, and there is some doubt that it will emerge be fore adjournment. This is the "truth-ln-lend-Ing" bill, introduced by Sen. Paul H. Douglas (D-lll.), which would give everyone who buys "on time" the knowledge of what he pays for credit. Installment buying has sky rocketed in recent years; in 1959 alone, the public took out $48.5 billion in install ment credit and repaid $43.2 billion. At the end of the year, almost $40 billion worth of Installment debt was outstan ding. According to Douglas, how ever, "because of varied and misleading methods of stating finance charges, over one third of the American public limply does not have a def inite idea, accurate or other wise, of what installment credit costs." And of those who do have some idea he says, many think the cost is less than it actually is. Board Rules on Jobless Benefits Salem-(UPD-A jail term for being drunk and disorderly not only cost a worker in a box factory his job but lso unemployment compensa tion benefits, a state employ ment department appeals board has ruled. The board said those "guilty of culpable acts which could lead to their confinement and job loss should be disqualified where a wrongful act is a direct result of ' their law-breaking." An employment referee de nied benefits to a rubber tamp maker who was fired for being drunk. The man's condition was uch that it took him half a day to make a $2 rubber stamp, while his salary for the same period was five times that much, the referee said. A laborer who worked on Snake river dams for the Ida ho Power Co., was disquali fied for unemployment be cause he failed to work 20 weeks in Oregon. Although he actually worked 20 weeks, Idaho credited him with three of them giving him only 17 weeks In Oregon. Emmy Being 5 Winners elected Hollywood-IUPD-Members of the Academy of Television Arts and Sciences began vot ing Tuesday for such nomi nees as Ingrld Bergman and Alec Guinness in the 1959-60 Emmy Awards program. Miss Bergman, Guinness and another veteran perform er, Laurence Olivier, all won nominations after making their first appearances in U.S television dramas in the past year. Winners of the balloting on 77 nominees In 22 categories will be presented awards in the annual nationwide tele vision program June 30. PLANE SENTRY IRKED Johannesburg, South AM- ca-OO-J. K. Iverson didn't like being awakened at 4 a.m. for sentry duly at the airport near here. It was cold and it 'was wet, he told a magistrate, and so he decided to do some thing about it. Iverson fixed his bayonet on his rifle and atabfced an airplane win sev eral times, making tho plane unfit for flying. The magis- trait lined him 8i pounds l- 41232.40). o ( ' . Douglas' bill would require anyone who extends credit to give the customer a written statement itemizing all charges, showing the total dollar cost, and translating that cost into "the percent age that the finance charge bears to the total amount to be financed expressed as simple annual rate." The bill was approved April 28 in subcommittee, with four Democrats in favor and three Republicans opposed. But there is no assurance that it will be approved by a major ity of the full Senate Banking and Currency Committee. The nub of the issue is that simple annual rate." 6 Per Cent 'Fiction' Little outright opposition has been voiced to the prin ciple of disclosure. As Sen Wallace F. Bennett (R-Utah) remarked during hearings on the bill, "this is one of these things you cannot be against because you cannot be for sin." Bennett voted against the bill, nevertheless, as did one of its original sponsors, Sen. Prescott Bush (R-Conn.) Their reservations and those of the business com munity in general are clearly focused on the "simple annual rate" provision. This would require the retailer who charges Wh per cent per month for a revolving charge account to inform the custo mer that he was paying 18 per cent per year. This could have catastrophic results, Wil- ljam J. Cheyney told the sub committee. "The public very generally has a concept, of interest which cannot be extracted from the expression '6 per cent per annum'," he said. Although "it never was a rate of charge on consumer trans actions," the "fiction" per sists "that 6 per cent per an num is Merest and that in terest is 6 per cent per annum". Given this situation, he said, any merchant or lender who acknowledged that fi nance charges were consider ably higher than 6 per cent per year would "stamp him self in th- public mind as usurious, unreasonable, a 'high rater' in fact, as per haps in some way 'crooked'." Since businessmen could not afford to alienate their customers in this fashion, Cheyney said, the net effect of the proposed law "would be to drive the true cost of cred it underground, intermingling it in price, confusing the pub lic far more than any reason able number are confused to day." Customer Foots Bill Retailers, he said, would return to their earlier prac tice of incorporating their credit costs in their prices, again making the cash custo mer foot part of the bill. And any cash customer who bor rowed from a bank to pay for his purchase would be paying twice for credit. Proponents of the Douglas bill deny that it would have such a revolutionary impact. They contend, on the con trary, that it would have a healthy effect on competition and, by making consumers aware of the costs of install ment buying, help to prevent any overexpansion of indebt edness, thus promoting econo mic stabilization. They are especially unwill ing to abandon the "annual rate" provision, although such a concession might guarantee quick passage of the bill. Un less enough votes can be rounded up to get the bill to the Senate floor in Its present form, it is more than likely that the entire matter will be put off until next vear. (Ceateriffct ltM. Caniimaal Qawinty tat.) m m o v v i rv.a. m k .11 ; I t i : t - III I. J&b Girls' Girls' S U Tlo-J cotton iLKVy coiTon vr-y A K short Pe" urtl Mr B-t i.... r . i . Iota:J. :'.41 Inw nrirm. ton li k rk ll M cotton twill in f 'Upl ,on ,n Bay U M ' fortable fit. Ma. iHg fc l ts.Mach.n.wash- IR chin, washable. 1 "b III K SUMMER FULL OF rMjniun anu run . nwiuowin. wumi II wm vviiwn knit, 2 -way collar. Blua, beige, black, ereen, white. S,M,L 2.9$ (b) Sheen cotton pantf. Harmonizing light blue, beige, black, willow, coral. 10-20 2.91 (c) Automatic wash 'n wear gay cot ton knit striper. Blue or coralblack, greenbeige. S,M,L 2.98 (d) Color-cued sheen cotton jamaicas. Light blue, coral, black, beige, willow green. S,M,l 2.98 (e) Neat shirt, automatic wash 'n wear cotton I White, black, beige, blue, green. 32-38 2.91 (f) Taper-slim sheen cotton pants. Light blue, beige, black, willow green. 10-20 3.91 - i . r. . I it ii 41 oxfords bubble-light SiJk 'n cool I Bnunev rubbar soles. 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Wards greatest sale of mens sport shirts 88 years SALE! Men's cool automatic wash and wear slacks 1 698 fy ' JK wRiNKie- li J V" 1 RESISTANT CHOICE FABRICSI Pleated slacks In a porous tropical weave of 55 rayon 45 Da cron Polyester. Rarely, if ever, need ironing. Blue, brown, ray. Waist 29- 36. Barclay wash'nwear feather weight suit '25 Automatic wash'n wear Daeron Polyester-rayon blend dries look ing "just pressed.' Nenraattvna.Rtfflj. otor, sfajft, R3na Men's wash 'n wear slacks 498 Dan River's cotton pinwole cord. Belt less, unpleated. 6 colors. 29-42. SALE! Men'j sport caps 99c Special purchase! Adjustable tea et Ml! it, uWieolor. Soewhave i r.-, m vii DELUXE TAU.OWNSI jj Reg. 2.91 ea. Reg. 31.25 100 XffiWYS " 100 combed cot- combed cotton T4'PSfB' 'iF!m''' ton mesh. Pocket wi,h terry sole, rg&WgirMVft ll-ir'Jm0 emblem. S-M-l-XU nee( t09. Colors. pS 'JQlS ! nfSi yV ,iCJ Words searched th market for many months to ' " '- obtain this huge selection at this amazing low lwroit !vA jSSvVvit'JS'". price. Fine woven cottons, rayons, imported ginghamsl 2aS A Ml v VS' Vs. Patterns, plaids, prints, solids, Imported embroidered "fSlHtkS '' " jr 1 it, 'rsS!3,! motifs; even cotton knits. All washable; many iiWijjjjB jf '- wash 'n wear. Permanent collar stays. S-M-t-Xl -3- -J Men's print swim trunks 298 lined fancy coMan . boxers. Adjutant lattic Woistband. 5-M-LXL Rick linan-weove cetten-rayon up pun, nibkar solet. mwn, blue, gray. SHOP THE WARD WAY: OPEN A WARD CONVENIENT PAYMENT ACCOUNT O O w . r, fr, - 0 ' -Q o u :::::::::;)"c:::::::-r-
