Herald and news., March 21, 1945, Image 4

FOUR HERALD AND NEWS
Wednesday. March 21. 1(45
$ral& 32tUr News Behind Ore News
THANK JENKINS MALCOLM EPLW
Editor Manailns Edl.or
A tamporar combination of tha Bvaninr Harald and Um
KlamaiO Niwv PutiHihad avary aHamoon axcaol Suodajf
at Caplanada nd Piiw atraata. Klamalb ralla Oreson. by un
Harald Publlahlns Co ud tna Nawa PuBllihlng Comnanr.
Enlaiad aa aacond elaia maltar at Ua poatolflca ctf Klamalk
rail. Ore., on Ausuat JO. IBM undar act OX eona-raaa.
Marc . UK
Mcmbar.
Aaaoelatad Praaa
Mambtr Audit
Buraau Circulation
if
1
EPLEY
Today's Roundup
Br MALCOLM EPLEY
IN Paul Mallon's adjoining column are listed
the conclusive evidences that war bonds
cannot drop below their face value. Klamath
people have been assigned a
quota of $1,538,000 of those
bonds of the E series for the
Seventh War Loan drive,
which starts next month and
rur.s through to July.
ThHt's over half a million
more than any previous E
bond quota here. But there
sre lhrce months In which to
make the purchases, Klamath
people have demonstrated al
ready thi'ir faith in war bonds
f .-in ii;vesirm-nt. the loan
campaign .''.as conscientious leadership, and we
think l'ie job will be done.
Payroll savings will be the key feature of
this effort, Indicative of the anti-inflationary
p -j i pose of the war bond program. Payroll
deductions have fallen back to some extent
below previous highs. In this campaign, a
determined effort will be made not only to
win back what is lost, but to extend this
method of saving far beyond anything on
record.
There is ample money here to achieve the
Seventh War Loan goal. In fact, the savings de
posits increase in one bank here alone in the last
year is virtually enough to equal the entire
E bond quota of the forthcoming campaign.
.
Determining Quotas
MANY people have asked us how war bond
quotas for this county " are determined.
There has been considerable mystery about this,
and sometimes in the past the quotas appeared
a little. out of line in comparison with other
counties.
Well, we know how the Seventh War Loan
quota was decided,' for we' got it straight from
Ken Martin, state war bond ' manager, last
night.
.The E bond sales of each county in the state
for the entire year of 1944 were totaled, and
each county's percentage of the total was then
computed. That percentage was then applied
td the $53,000,000 Oregon Seventh War Loan
quota, giving each county, its quota of the big
total for that drive.
It was the best method of determining what a
county could do. Counties which did well last
year, as did Klamath, have big quotas. Counties
which didn't do" so well last ' year aren't ex
pected to do any better proportionately this
year, or at least, their quotas are based on their
inferior 1944 record.
So we have something to live up to.
a
1857 Auction
THEIR objective -was undoubtedly, worth. It,
but many of the pioneers left a lot behind
when they took off, with covered wagon and
ox team, for the Oregon country.
Fred Nuckolls, 2434 Orchard, brought into
our office a re-print of an old sale advertise
ment, published in 1857 by one W, L. Moss,
who lived two miles from Versatile, Ky.
Mr. Moss was going west, and he offered his
personal property en toto to the highest bid
der, with the exception of oxen Buck and Ben
and Tom and Jerry, needed, of course, for the
trek over mountain and plain. Here is his ad:
"Having sold my farm and am leaving for
Oregon territory by- ox team, will offer on
March 1, 1857, all my personal property, to wit:
"All ox teams except two teams, Buck and
Ben and Tom and Jerry, 2 milk cows, 1 gray
mare and colt, 1 pair oxen and yolk, baby
yolk, 2 ox carts, 1 iron plow with wood mold
board, 800 feet of poplar weather boards,
100 3-feet clap boards, 1500 10-ft. fence rails, 1
60-gallon soap kettle 86 sugar troughs made
of white ash timber, 10 gallons of maple syrup,
2 spinning wheels, 30 pounds mutton talow, 1
large loom made by Jerry Wilson, 300 poles,
100 split hoops, 100 empty barrels, 1 32-gallon
barrel of Miller-Johnson whiskey 7 years old,
20 gallons apple brandy, 1 40.gallon copper
kettle, 3 sides oak tanned leather, 1 dozen real
hooks, 2 handle hooks, 3 scythes and cradles',
one dozen wooden pitch forks, half interest in
tan yard, 1 3-calibre rifle, bullet mold and
powder horn, rifle made by Ben Miller, 50
gallons of soft soap, hams, bacon and lard,
40 gallons of sorghum molasses, 6 head of fox
hounds all smooth-mouthed but one,
"At the same time I will sell my 8 negro
slaves, 2 men, 35 and 50 years old, 2 boys,
12 and 18 years old, 2 mulatto wenches, 40
and 30 years old. Will sell altogether to
same party who will not separate them.
"Terms of sale, cash in hand or note to draw
interest with Bob McComin's as security."
There's always something in an item like
that that the reader mentions aloud if there
are others in the room as he peruses the evening
sheet. We'll wager the whiskey and the slaves
get the call.
By PAUL MALLON
WASHINGTON, March 21 What will
happen to those war bonds you are so
patriotically buying and should be storing away,
was threshed out between the treasury and
financially wary senators in the debt increase
hearings but not generally observed.
It is enough to lay the snlde-storics Impinging
the integrity of those bonds, and, In fact, clear
the whole postwar atmosphere, not only as to
government finance, but upon prices, business,
taxes and all economic policies.'
Treasury Undersecretary Bell agreed with
the senators that the government must have,
and will get, whatever controls are necessary to
maintain the full face of all war loam.
The government cannot afford to let them
drop to 82 this time, as after the last war,
simply because the whole financial equilibrium
of the country is, this time, inextricably in
volved in the bond value balance. The banks,
tor instance, own about $96,000,000,000 of the
debt and will get about $20,000,000,000 to $25,
000,000,000 more of it annually.
The government simply cannot afford to let
the bonds drop without letting the banks drop,
and these Institutions are indeed now guaranteed
by the government. (FD1C)
To fulfill Its necessities in this respect, Mr
Bell laid out a course of action, under senatorial
promptings (from Byrd, Hawkes and Milliken
mostly) which carries sound rvyoi tat.'ons.
a a a
New Bonds
RATHER large refunding operations will huve
to be conducted to pay those people who
want to cash In to buy autos, radios, etc. New
bonds will be issued to raise that amount of
cash. To handle this operation the government
will have to support the bond market ("manipu
late it" is the way one senator put it.)
A bill is now being passed cutting the gold
reserve behind the dollar to 25 per cent, which
will give the federal reserve system the tidy
bookkeeping credit of $36,000,000,000 for such
support.
This should be enough (they all agreed) if
the government cuts expenses and keeps taxes
up (Messrs. Wallace, radicals and Keynes the
orists, please note.) In short, the government
can no longer afford freely to finance domestic
and world WPA's and keep faith with the
people on the bonds they hold, but must curtail
and watch its financial step in order that high
taxes may be sufficient to support government
without further deficit financing.
Furthermore It must encourage a high level
of business activity in order to get enough tax
revenues to sustain itself, its bonds and expen
ditures. Thus its course is a required one, and
not a choice as between a spending or a non
spending policy.
"-1 Only wise and thrifty management Is per
mitted by the expected debt of $292,000,000,000
(June 1946) and every dollar of debt adds
difficulty to the problem.
Mr. Wallace and his friends should remember
government bonds and the faith of the govern
ment pledged to the people who bought them,
when their free spending "humane" policies
are proposed.
The postwar reconversion must be handled
with similar skill and care, because widespread
unemployment would force the government to
expenditures which would add to its inability
to meet the bond payments soundly, and to
keep enough business going to pay the interest
on the debt.
If these reasonable projects fail, then Mr
Bell seemed to agree with the senators that the
federal reserve system will have to Issue cur
rency to pay , the expenses of government.
(Indeed, Senator Byrd, argued, not without
grounds, that if the government is to buy all
bonds the inflationary result will be the same
as issuing money.)
But they both meant that if the government
cannot make things add up, it will have to go
into further and further inflation, higher and
higher prices, cheaper and cheaper dollars.
Face Value Assured
FROM this, you can see there Is no chanee
whatever that your war bond cannot be
met 100 cents on the dollar. The only chance
' of depreciation is- not in the bond, but in the
dollar. The postwar obligation of the govern
ment, In keeping faith with the people for
their bond purchases, therefore is to protect end
stabilize the value of that dollar.
You bought the bond, at, say, current price
levels. It cost you a certain amount of work.
The government will have broken faith with
you if it lets prices double and pays you off,
three, fjve or 10 years hence with dollars that
represent twice as much work and half as much
purchasing power in terms of bread, butter,
milk and rents.
Does this condition not also reouire the gov
ernment to establish certain definite economic
policies for postwar, and not go running off
Into social ventures and experiments? Certain
ly it requires price-fixing and OPA regulations
as long as a shortage of goods threatens to
bring more inflation.
Also is not its responsibility for stable prices,
against inflation, for good-business and sound
ness, now greater than its responsibility for,
say, housing or any other spending policy with
which it comes into conflict?
So many people now hold bonds and will hold
them that this public interest has become para
mount to any other governmental or class In
terest. ,
T
E
. ROME. March 21 Eighth
army troops in the Adriatic sec
tor improved their positions
northwest of Ravenna with a
local advance In the Meuano
area yesterday. Otherwise ac
tivity along the Ituliun front wus
limited to patrol operations, al
lied headquarters said today.
Increased activity of Italian
patriots in Uermuiwield nortnern
Italy was reported and a 15th
army group communique quoted
a captured enemy otficer as say
ing the nazis often were forced
to use a whole regiment to com
bat partisan attacks on supply
drumps and troop movements,
Some enemy prisoners were
taken in the action in the Mex
tano area. A strong German
patrol forced eighth army troops
to withdraw from a strongpoint
northeast of Cuffiano.
On the fifth army front only
scattered contact with the enemy
was reported. Eight Germans
were killed in a clash In the cen
tral area south of Bologna while
a number of prisoners were
taken by another allied patrol.
One patrol penetrated into
thn vicinity of Monte Rumlcl but
was forced to withdraw under
a smoke screen when it en-
countered heavy enemy mortar
and small-arms fire.
SIDE GLANCES
1EU CLAIM
LONDON, March 31 (JPh
Prime Minister Chuioiill today
denied the "suggestion in some
Quarters in the United States"
that Britain had 700,000,000 tons
of food stocks on hund and said
she country had rather, lest than
b.uuu.uuu tons.
This amount, he said, Is In the
process of being reduced by aid
to the liberated countries and by
the end of June will amount to
only 4,750,000 tons.
"This latter figure," Churchill
said, "is no more than is neces
sary to mnintnin the regular
flow of distribution under pres
ent conditions."
The prime minister explained
that Britain's food stocks had
been "built up by foresight and
sell-denial over flvo years and
under bombardment."
The house cheered.
j jj
a, axarr an Mtvwt,itt T, m. mo. u. a, t. tn.
"It's not so strungc for her to be cnuy about a swoon
crooucr remember that opera soprano I rescued you
from who now weighs 200 pounds?"
Confidence in Nation's
Farmers Expressed at Meet
Klamaih'8
Prom rhe Kiel y- 40 .. rami
.60 OVER QUOTA
MERRILL Students of Mer
rill schools have, since the be
ginning of the school term, over
subscribed the war bond and
quota alloted to them, 300 per
cent to total $11,000, it was an
nounced this week by George El
liott, principal of the high
school. Elliott believes this rec
ord to top that of any other
school in Klamath county.
Plans are already underway
to get busy on the 7th war loan
lve uw.nlch, W,H continue
through April and May.
The Red Cross drive also is
being stimulated here under the
direction of the girls' athletic or
ganization which Is canvassing
the town and making rural con
tacts. Form letters have been
sent out through the schools to
parents of the students and oth
ers in the community, asking
that VnllintOfV nnnf-IV,Ilnna ln
left at the Merrill branch, First
iiauonai Dann oi fontanel,
at
RADIO REPAIR
" By Expert Technicians
GOOD STOCK OF AVAILABLE
TUBES-PARTS-AERIALS
For All Makas of Radios
ZEM AIM'S
Quick, Guaranteed Service
116 N. 9th hone 7522
Across From MontgoinWT Ward en North Sth
the Standard service station with
Mr. and Mrs. Elmer Stukel or
at the high school with Elliott,
who is the chairman for Merrill.
The schools are also participat
ing in the scrap drive for the
three necessary materials, fats.
tin and paper. The week of
March 12 was et for the tin
drive. March 19 for paper atjd
March 28 for fats. -
From the Klamath Republican
March 23, 180$
Harry t. rciiz ana wife, re
cently of. Cross Forks, Pa., ar
rived here last evening and will
make their home here.
llshed an ad today stating he ad
vertises in newspapers '"because
I am not ashamed of my goods
and because I cater to the intel
ligent class and they read the
newspapers.
From the Klamath Herald
March 21. 1935
Governor C. H. Martin and
members of the state highway
commission visited Klamath
Falls today.
Coach Dutch French's basket
ball Pelicans defeated Corvallis,
27-25, to win in the first round
of the state tournament.
KUHS Concert Will
Be Given Twice
The annual concert presented
by the music department of
Klamath Union high school and
this year given two evenings to
accommodate the hundreds of
persons who plan to attend, will
start promptly at 8:16 p. m.
Thursday and Friday nights in
the KUHS auditorium,
A cordial invitation has been
Issued to the public to enjoy the
concerts this week.
SPOKANE, March 21 VP)
Complete confidence In the abil
ity of the nation's farmers to
obtain maximum production of
all tvpes of food In 1945 was
expressed yesterday by Ivy W.
Duggan, Kansas City, national
governor of tho Farm Credit
administration, at a meeting of
the FCA of Spokane yesterday.
"I don't know how our form
ers are going to do It under the
shortages of men, machines and
FUEL HERE FOR
Four bolts "of outing flannel,
Including plenty of yards of
warm stuff, amved in Klamnth
Fall today and is ready for cut
ting at Red Cross rooms.
This flannel will eo into the
making of hospital pajamas for
service men ana it is imperative
that the cutting be dona this
week as there is an urgent need
for the garments. Any woman
wno can posaioiy ao so, is urRca
to come to the Red Cross rooms
on Main street, urmed with scis
sors, and start cutting the pa-
Jamas.
The 80 bathrobes, cut and
ready for distribution, are now
being made, it was announced.
equipment, but I know they
will do it,'' ho declared.
"Few arena have a better
record than that nerved by tho
Federal Land bank of Spokane
in tho Oregon, Washington,
Idaho and Montana regions."
Those In attendance at the
meeting Included: William A.
Scliounield, chulrman, Corval
lis, Ore.; E. A. McCornack. Eu
gene, Oro.; llurvey R. Schoultes,
Cheholls,
ACH TUNGI
CHEYENNE, Wyo., March 21
(IV The Wyoming department
of agriculture doesn't know who
won the argument but it does
know that Adolf Hitler never
did, doesn't now and never will
own a ranch In Wyoming.
It so advised Lorene Harris.
Folsom, Calif., who asked tho
department to settle a "hot argu
ment' on the subject.
MISERY!
(aba Vmm StoaMriuc Taakl)
trtla E. Plnklum'i VegaUblo Com
pound I turnout to ralleva not only
meothlr pain but otio accompanying
uarroua. 11 rod. hlstutrung IooHim
wnan due to iunotiotul periodic dla
turba&eea. Taken rsicularlj It halps
build up rail lance analiut auch dU
lim Pinkbam'a compound hrlpt no
tml follow label amotions. Try 11
OKU
TONITE
CAL'ORB
3 TAVfMl E3
N I OH WAY T COUTH
Tolling
The Editor
Lallan rlnlaa' (m mual net ka mart
than ta waroa m Irnalh, mual ba will
lin Uiinii on ONI iloa at ilia
arily, and mutl aa usnad. CanMbullaiH
loiiowtrii (Ma rulai. art ararmly atl-
"DON'T BE A MEANIE"
KLAMATH FALLS, Ore., (To
the Editor) Sworn I o( uur
vrvlcemeii hwvo had tltu nil,
fortune to lose their wullnt con
taining their Identification curds,
their money (wo know llicy do
not get loo much In a mouth),
and utlicr pursonul papers. Need
less to ruy, they should not huvc
to aavertisa to recover these per
sonal belongings, ,
Any good American could tell
by tho Identification curd Hint
this boy could bu loviitud through
thu USO or the voininuiKllug u(
fleer of his rasnoctlvu buso.
Our sailors have vary small
pocket space in which to carry
a wallet and it is not unusuul
for It to slip out und bo lost.
There Is a restriction (or losing
one's I. D, card, If you had u
son. brother, or swenthcurt who
perhaps had only a few days to
remain In the United States be
fore reporting for forrlgn duty,
how would you like It if some
one kept his wallet causing him
to ba restricted those few davs
only becuuso they were afraid
to return the I. D, card. The
only possible reason for anyone
keening this would be so they
could snuiid tho money.
Don't be a mttnnln! I Give the
lad a break by returning Imme
diately his wallet and tho person
al papers in It. Such a little
thing to do for any boy who Is
doing so much for you.
BULA H. KELSEY,
2331 Ourden.
TOOT BROUGHT REFILL
Liquid refreshments were
served in a curious whistle iilnu
In 17th century England. When
further refreshment was de
sired, the usor gave a ttmt on the
whiatln ml thn inrt nt thn ifltiaa
and servants come running with !
a refill. .
IKIIBU1
a-Ki'rL'lJLVf1 'J
Purpose of ,,i f,cily fr? S
."i " Uiai . " !
November 7 thi v,.?!
Wlieii("i
"'el of nhout 10 itl.1?
Lemon Juice Recipe
Checks Rheumatic
Pain Quickly
It ram tff- tnm rlMunwila viMUM mt
sMMTlta pftl. trr Ihka aUaWftU iMtlwrnlvw bM
IteuMDd fcfe ItfttiC. ( w
W pf Kur cMpMltwl, lttk tuft-ty,
tviUf. iiu tt nuii r it, - cm
i4m of 4 -if tMr. ! trwjW i
Ul rnj 4Miftt- Ynl 91 ftty Ub-MPOetV
full i um . Ofwp "lUtO taJt
CI tUt-as. If Ua) Muw
and II firta dia Mi t
Ml (Mr pM-Uft- M lttt- UI tvaH JtrtJ ftMlfc-
lt4 o Iff II n Mil it t ' druaii usvter
an L4aJt utty.lml lyttw Ku-fct ;
rofttpaH.- M to t-U-a AAd twmaM4mi by 1
af"-". V a JTV
ALL F0RMS LIFE
SICKNESS.ACCIDENT
H-OUKANCE
HEALTH & ACCIDENT as.
lira INSURANCE COMPWt
went
L. "Put" .(,
H. I. McKlm
AT
Y0W
El M .. mura m I
jUIN. Ilk nmt
- - )
Attention Farmers
We pay highest1 cash prices
for Veal, Pork, Chickens,
Turkeys and Rabbits. See
your nearest Safeway Store
manager or call
T. M. Metiford9 phone 5175
LINED WORK
JACKETS
Blue 'denim or
grey covert
'
Elastic Suspenders
Elastic Garters
Broadcloth Shorts
SNAP FASTENERS.
oregon'woolen
STORE
Main at 8th
MPAIR NOW
fir SPRIHGj
m !
Parts in Stock'
For All Makes of
Vacuum Cleaners
WE HAVE A SPECIALIZED
' DEPARTMENT OHV
tend Iront Taastera . .
Mangles Mixers
and all small appliances. ,
Phone
. sees
OT'Sa
Tes le. bienvenu, vieux frere...Have a Coke
(GREETINGS. OLD MAN)
,,.a way to show friendship to a French sailor
A vUltlog Franco sailor tut? not koow Eogllsb, but ba Is quick to know
friendliness when ha sees It. And ha always sees it the minute someone sayi
: Hav a Coke. It's an invitation that speaks all languages. There's the good
old home-town American spirit behind it... the same as when you serve
Coke at home. Coca-Cols stands for tb ptiu that njrih$s,-hi become a
bond of sympathy between kindly-minded folks.
SOTTLED UNDID AUTHORITY Of THI COCA-COIA COMPANY IY
: COCA-COLA BOTTLING COMPANY OF KLAMATH FALLS
CSS Spring St. Phone 8832
L
aVAn". COCa-Coll.
You naturally
c,l.dbytt.MnJlyS
Ccko'. Both mean ".;"rzit
aTW5TaC