KPGA DIVIDEND
TO BE PI AT
ANNUAL MEET
Membera of the Klamath Pro
duction Credit association will
receive checks for a 4 per cent
dividend on their capital stock
When tho association holds its
annual meeting at Klamath
Falls on January 25, 1943, Sec
retary-Treasurer Lee S. McMul'
len announced this week.
The same rate of dividend is
being paid on both class A (pre
ferred) and class B stock, and
mounts to total of $9914.
All of the class B, or voting,
stock of the association is
owned by the association's bor
rowers, who suoscribe to it at
the rate equal to 5 per cent of
their borrowings, bulk of the
class A stock is held by the
Production Credit corporation
of Spokane, a unit of tne i arm
Credit administration, wlucn
subscribed the original capital
wnen the association was or
ganized. Reserves Built Up
At the end of 1942 members'
Investment In their association
was $1U0,205, or 40 per cent of
the total capitalization of the or
ganization. Production Credit
corporation investment now is
$147,650, $102,359 having been
repaid some time ago.
Under Production Credit reg
ulations, McMullen explainea,
dividends could not be paid un
til certain reserves had been
built up. These reserves now to
tal $179,000, or 72 per cent of
the capitalization of the associa
tion. Since it was organized in
1934, the Klamath- Production
Credit association has loaned
$16,765,000 to farmers and
stockmen in Kuunath and Lane
counties, Oregon, and Modoc
and' Siskiyou counties, Califor
nia. Government Participates
In 1942 it loaned $2,280,000,
of which $645,782 was outstand
ing on December 31. During its
ignt years of operation, the as
sociation has suffered losses
amounting to less than 120 ot
J per cent of the money loaned.
"With this dividend payment,
the government, through the
Production Credit corporation's
investment in our class A stock,
; participates with our members
in the association s earnings,
McMullen explained.
"We do not, however, lend
government money," he pointed
out. "Our loan lunds are ob
tained from the Federal Inter
mediate Credit bank of Spokane,
which, in turn, sells its deben
tures to the investing public.
These debentures are not guar
anteed by the government,
either as to principal or inter
est. '
"Through, this access to the
money markets of the nation,
we have been able to maintain
interest rates that have never
exceeded 514 per cent in eight
years, and are now only 4tt per
cent. By the payment of a divi
dend, the cost of credit to the
farmer is further reduced.''
- Directors of the association
are William Kittredge, Klamath
galls, . president; E. M. Ham
mond, Merrill, vice president;
A. R. Campbell, Ed A. Geary
and Lee Holliday, all of Klam
ath Falls. '
' SALEM, Jan. 6 (fl3) Governor
Charles A. Sprague announced
Tuesday that he has dissolved the
state defense council, the state
advisory council of the employ
ment service, and agricultural
committee of the employment
service, and the Oregon eco
nomic council.
He said he took the action so
that Governor-elect Earl Snell,
who will succeed Sprague next
Monday, may be free to choose
his own organizations to suc
ceed those .which were dis
solved. The governor asked, however,
that the executive heads of the
civilian defense organization
continue to serve. These include
Ross Mclntyre, chairman of the
evacuation committee; Mrs. H.
D. Peterson, head of the wom
en's division; Mrs. E. W.' St.
Pierre, director of civilian war
services, and Mrs. C. W. Hay
hurst, head of the consumer's
interest division.
These &eaut'Ju( H
are Working
Keep bury handi loft, smooth,
VA
of Chamberlain' Lotion. Clear,, golden, and delicately
cented with orange bloMomt, , Chamberlain'- Lotion li
helping to keep hands In condition (or the work to b
done and beautiful) too. '
r
L
Buy U all Toilti Goofa
fj
m
L 0
ermins
T I 0 N
iiPiBSIlflil
By ANITA GWYM
When we Journeyed back to
school after the holidays, we no
ticed that the floors had had a
new coat of pol
ish and - were
very shiny and
slippery. Some
students forgot
to stay in sec
ond and did a
little fancy work
i y
falling to the
floor. fSSi.
gvaia
New faces look a bit bewilder
ed. There are quite a few stu
dents transferring here for the
new semester. Although we
don't know all of your names,
we welcome you and hope you
soon feel right at home.
Pelicana won't be on the air
for several weeks, until the new
semester students have been or
ganized. .
Thm Pnitrntw will eneaffe the
team from Richmond in a bas
ketball game this Friday and
Saturday evenings.
There will be a DeMolay
dance after the game, from 10 to
12 o dock.
Every so often something new
in the way of war work comes
up to the students. This time
it is a review of what the high
school has done and will be ta
ken care of by the Klamath
Knights. The review consists of
a scrapbook which will have pic
tures of KUHS war activities
under the title of "Schools at
War, a Report to the Nation."
Every school that enters the
Schools at War program submits
a scrapbook and will receive a
Certificate of Service signed by
the secretary of the treasury, if
there is a system of purchasing
war stamps and bonds by the stu
dents and teachers.
To every state and territory
where the schools enlist in this
program and hold a state ex
hibit, the war savings staff of the
U. S. treasury department will
present a "Liberty Brick." These
are original bricks from the In
dependence hall in Philadelphia
and are mounted in beautiful
cases. At each state exhibit, the
governor, as honorary chairman
of the state war savings commit
tee, will be asked to present the
"Liberty Brick" to the schools
of the state in recognition of
their war services. After a tour
of the schools in the state, the
"Liberty Brick" award will be
returned to the state capitol for
permanent display.
SAFE ICE SKATING
If and when there Is any ice
skating, the city park board
will probably see to it that "fig
ure 8" enthusiasts have a safe
place to enjoy the sport, it was
learned at a brief meeting of the
park board Tuesday afternoon.
Warnings against using Upper
Klamath lake for skating pur
poses were issued in December
by Recreation Officer Dave
Bridge. In the meantime, condi
tions have not been favorable for
skating but If freezing weather
hits this ara, skaters may have
to be content to use the moorage
developed across from Moore
park.
ICE CREAM CUT ,
WASHINGTON, Jan. UP)
The war production board has
limited January production on
ice cream, to 50 per cent of the
amount each manufacturer
made last October.
Night traffic accidents In New
York City Increased 19 per cent
under present dimout regula
tions.
HEMORRHOIDS (Piles)
Hernia (Rupture), Fissure or Fistula
Such disorder! Impair your
health Uieitnoy anilng
powar. For 30 yai wo bar
aoeoiifnlly Iroatod thoa
asda of pooplo for thute all
mstntj. No Eoaolfal ooora-
Hon. No confinement. No
lota of tlmo iron work. Call
for oxamiaatloa or sand for
TREE dosoriptlTo Booklet.
Open fvtnfnoi, Mon.,Wd., Frt, 7 to BtSO
Dr. C.J. DEAN CLINIC
Phytlclan mnd Surgmoa
If. X Cor. X. Barn aid and Grand At.
Telephone EAet 3918, Portland, Orecjott
Hand;
and lovely with the aid
Counter
M
ands W
Girl Athlete
Knocks Her Man
Cold; Cinches It
TACOMA, Wash., Jan. (IP)
Last summer the Seattle all
star girls' softball team in
vaded McChord field air base
for a game with the air corps
team.
Pretty Miss Virginia Heat
on, first baseman for the visit
ors, knocked Corp. Alfred
Suggs, of Mt Vernon, Tex.,
her rival first baseman, flat on
his face in a close play at first
base, and now she's got hlra
cold.
They talked things over aft
er the collision in fact they
talked it over for weeks after
wards and Tuesday they an
nounced their marriage.
E-
The Junior chamber of com
merce is sponsoring distribution
of "Sammy canes," which are
standards to be used in indicat
ing directions.
"Just place Sammy's cane in
a conspicuous . place in your
yard," said a junior chamber
bulletin. 'Then, before you plan
to drive out, drop the flag into
the slot on the standard, indi
cating which direction you are
going by pointing the .indicator
in that direction. Place a note
in the box stating route to be
taken, time leaving, and how
many can be carried.
"It is a democratic and patri
otic gesture. We are willing to
share our cavs. Sammy's cane in
your yard will prove that our
nome front is in an act of bat
tle to help beat, the axis."
The canes were built by C.
L. Goodwin, 1718 Eldorado
street, and are obtainable at
Currin's, J.. C. Penney's, J. . W.
Kerns, Castleberry's, chamber of
commerce and Ballou and
Wright.
Marjorie Young
Named. News Editor
Of Oregon Emerald '
UNIVERSITY OF OREGON,
Eugene, Jan. 6 (Special) Mar
jorie Young, daughter of Mr. and
Mrs. C. A. Young of Klamath
Falls, has tsn, appointed news
editor of the Oregon Daily Emer
ald, according to an announce
ment recently made by Ray
Schrick, Emerald editor.
; Miss Young, : a sophomore In
journalism, has . been assistant
news editor of the student paper
for the past term.: During her
freshman year she served on the
night staff, copy desk, and as a
reporter.
Read Classified A as for Results
WHAT
ctarT THE HEW YEAR R.6HT
RIGHT
poking Pr;"-.on o( ,h.
better efgareire.
. . I. Atl
. fo, More
HERALD AND NRW8. KLAMATH FALLS. OREGON
YEAR OF 1 842
KEPT KF FIRE
The city fire department was
kept on the run during 1942
with 187 calls received during
the 12-month period, according
to the year-end report presented
to the city council Monday night
by Fire Chief Keith K. Ambrose.
There were no Injuries or
deaths caused by fires during
the year and total fire loss was
kept to $23,655.57 with $21.
752.17 of this amount covered
by insurance. Fifty hazards were
removed within the city and 553
inspections made by the chief.
2 Public Building Fires
Sound value of properties at
risk by fire was given as $3,
224,563, according to Chief Am
brose. Fire classified, by occupancy
Included, public buildings, 2;
dwellings, 60; mills, 3; sawmills,
7; foundries, 2; laundries, 1; ho
tels and apartments, 12; garages,
5; restaurants, 4; miscellaneous,
68; vehicles, 15; public proper
ties, 1; total, 187.
Hose Purchased
As usual "matches and care
less smokers" led the year-end
cause survey with 84 fires at
tributed to this source. Next in
line came hot ashes and open
fires with 26 fires caused in this
manner. Third cause was given
as electricity and defective wir
ing which, along with forgotten
appliances, brought 21 alarms.
Other causes, conflagration, 2;
explosion, 1; friction, 7; hot
grease, 2; hot metals, 2; open
lights, 1; gas, 4; defective flues,
11; defective stoves, 17; rubbish
and litter, 2; sparks on roof, 2;
miscellaneous, ; total, 187.
. One thousand feet of two and
one-half inch double jacket fire
hose was listed under new
equipment added. No equipment
was taken out of service. Fire
permits granted totals 1724,
most ot the requests made In the
spring and fall by homeowners
burning rubbish and leaves.
Twenty-four false alarms were
received, some by pranksters.
- The December report was also
presented at this time by the
chief, who reported six calls for
the month with an actual loss of
$92, $67 of which was covered
by insurance. Four dwellings,
one office building and one mo
tor vehicle came under the oc
c u p a n c y classification, fires
caused by defective wiring, 1;
careless smokers, 1; gas, 1; over
heated flues, 1; overheated
stoves, 2.
During our first year of war
four and one quarter billion dol
lars' worth of airplanes left our
aircraft factories.
GREW ON RUN
CIGARETTE GIVES SMOKERS WHAT THEY
WITH THE
COMB.N'05R.
i
Make your n,
w0rtd best eig a $moke.
everything you ! hear
ThotV why, year
-or. .maker, oy, J
. Amur
W& Mu.lcol Program.
Lake o' Woods
Caretakers Have
White Christmas
The caretakers at Lake o' the
Woods had a white Christmas,
with 31 Indies ot snow on the
ground, and two Inches ot ice
covered the lake itself.
Roofs of summer home owners
have been cleared, the care
taker reported In a note mailed
from the Rocky Point junction.
The road into the lnke Is blocked
by snow and skis and snow
shoes are in order.
Boy Scouts have taken to tho
air, definitely, according to Rob
ert H. Lnmott, local Scout execu
tive who announced receipt yes
terday of the first copy of the
new Air Scout Manual, publish
ed by the Boy Scouts of Amer
ica. The copy received locally
was one of the proof edition,
first of its kind put out by the
national organization from Now
York City.
Air Scouting, as the now
branch of tho Scout program Is
known, deals with all phases of
ground instruction preliminary
to actual flight. Tho program
bears tho approval of civil and
military aviation officials and is
closely tied up to the Civil Aer
onautics administration program.
Air Scouting can bo organized
with any g-oup of boys of 15
years of ago or over in a "squad
ron" and can be st died by any
Scout no matter what his age or
troop connection. Various insig
nia are presented to Scouts as
they attain the ability to do the
various tasks called for in the
program.
Any Institution or men who
would like to work with a group
ot boys in this program are In
vited to inquire about it at the
local headquarters, 409 Main
street.
BUTTER AND EGG MAN
LOS ANGELES, (") Eggs
are scarce here and valuable.
Frank Lorenzi, exalted ruler
of the Los Angeles Elks lodge,
sold $20,000 worth ot war bonds
last month at club meetings by
auctioning off eggs and giving
a war bond to high bidders. Ho
will use butter next.
Where he gets the butter and
eggs is Lorenzl's secret.
MOTHERS HAIL
OVERNIGHT
COLD MISERY
Cold's coughing. I C A R C
nasal congestion, "
muscle aches in chest m
and back relieved by warming, comfort
ing, two-wny action of Penctro, the salve
with the base of old-fashioned mutton
suet, which was Grandma's stand-by.
Demand Penctro. 25c, double supply 3dc
tan. n uuvn -
- more
Copjright Ml, tioom at
CITY POLICE
ARREST 31 7G
DURING 1 342
City police were on tho job
during 1942 and made tho stag
gering numbor ot 3176 arrests
with $16,504.89 collected In
bails and fines, according to the
year-end report submitted to the
city council Monday night by
Chief of Police Earl IIouvol,
Two. persons were killed by
automobiles In the past 12
months, two suicides wore re
ported and 10 persons found
dead on the tragio side ot the
police book.
No cases of prostitution ap
peared on the 1942 report.
Cases Listed
Following Is Chief Heuvel'a
statement:
Rape, 1; robbery, 5; aggravat
ed assault, 7; burglary, 47; lar
ceny over $50, 26; under $50,
135; auto theft, 46.
Property reported stolen, 320;
stolen proporty rocovercd, 124;
missing persons reported, 173;
recovered, 122; sick tuken to
hospital, 11; injured tuken
home, 2; to hospital, 3; attempt
suicide reported, 1; sulclria re
ported, 2; found dead, 10; autos
stolon, 120; recovered 80; bi
cycles stolon, 98; recovered, 72;
turned over to federal court, 14;
to Juvenile court, 7; fugitives to
other authorities, 3.
Liquor violations, 100; drunk
enness, 1714, defrauding inn
keeper, 1; deserter, ormy, navy,
19; disorderly conduct, 165; fnlso
pretense, 2; forgery, 10; Inde
cent exposure, 4; sex offenses,
3; vagrancy, 352; parking ordl-
Have You Noticed An
OLD CAR That
LOOKS LIKE NEW?
Remember that your old car Is actually worth
more In dollar, and cent now than a year ago.
An auto that's kept In best condition will have
still greater value to cash In on whon you
trade after victory!
Auto Service Costs No More Now
Than Before Pearl Harbor, at
Dick B. Miller Co.
The Big Olds Tower at 7th end Klamath
1 uWn
V
Mrtu Trauxp Ox
Seabee Enlistments
Open; Men 38 to 50
Urged to Sign Up
All ratings excopt truck driv
ers are now open for enlistment
In the Soaboos, navy construc
tion unit, It was announced to
dty by the Klamath Falls navy
recruiting station.
Recruiters urged men from
38 to 50 years of age who have
construction trades to apply at
the recruiting station located In
tho Post Office building.
The annual mcotlng ot the Mo
doc Area council, Boy Scouts o(
America, will bo hold Sunday,
Janunry 10, according to C. S.
Elliot ot tho program and ar
rangements committee.
Meeting ot 12:30 o'clock nt tho
Wlllard hotel, tho group will
have dinner and hoar reports of
committees. Tho election of of
ficers will bo held following tho
reports. Plans for tho new year
will bo discussed as a concluding
fcaturo of tho gathering,
Indications aro that men will
attend tho meeting from all purls
of tho council area. Scoutors
havo already indicated tholr In
tention to tittond from Lakevlnw,
Alturas and Bend areas. Tho
meeting Is open to all men regis
tered with tho Boy Scouts of
Amorlca.
Tho mcotlng will font tiro three
boys as guests of honor, a Boy
Scout, a Cub, and a Sea Scout.
A. E. Fctsch of Lakovlcw, who
Is council president, will preside.
nance violation, 3501; killed by
auto, 2; operating auto while
Intoxicated, 35; reckless driving,
27; peeping toms, 25; counter
feiting, 1; abandon autos, 14.
V'SVS
' e...
HACK UP TUB
-MaaaaaaMBBBiBnaU
mam iar ujvironM
(0S
Uuy It tnrougn tne want-ad,.
BY
OF CALIFORNIA )
for
Versatility, foof
V f
SWURLSKIRT
II MICUION TUCK-OOMI
Here's skirt that knows In wiy
round! Its 6-button closing li a
cute at port or starboard as it ll at
bow or stern. And the flexibility
of the J2 tuck-gorcs flatters any fig
ure! Its non-curl, bias-cut waistband
of rayon taffeta has a rvurivu limit ft-
infining that slims every waistline
it supports. A wrinklcproof skirt ta
drtss dawn with a tailored shirt for
busy days! A crease-resistant akin
to dmi up with a cocktail blouse (be
dancing nights!
Smart new colon Include California
Cold, Deiclicomber Tan, Monterey
Aqua. Fite Red, Lagoon BIue.BUda,
Drown, Nary. Sites 14 to )t
MdJitffi't
Mallinson's CAVALCADB
a riron tP wwn wlrti Cjhwe
rimrkci. U S Pu.OftKtl
"Tht Crtpt ihm Ne nt rW4ei"
$4
95
of course-
it's at
525 MAIN
WANT
WRITE LETTERS
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