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About Herald and news. (Klamath Falls, Or.) 1942-current | View Entire Issue (Feb. 15, 1946)
Industrial Peace Formula Provides Speedier Price Relief For Industry But Clamps Controls On Wage Boosts By MARVIN L. ABHOWSMITH WASHINGTON, Fob. 18 ll') American industry will Rot speedier price help under the Jovornmcnt's new stabilization orimilu, but It Imposes storn wiiko controls In an effort to howl off Infliitlon. Tlie revised wugo-prlee policy provides tlmt In ttnncriil pny lilkcn mint be fodornlly.approved If they nra to quullfy a basis for oif-scttlng price Increases, Tha formula also stipulates Hint, in order to win approval, wiiko or njiliiry boost muni bo within tho KriHTiil pnttnrn eslnl). llnliad In iiidlvlcluiil lnttunti-1 o or local arena since tlio and of tho war. In many ciuies these Increases have rmiKod from around 19 to IB par cent. Top Limit To the worker, all this menna tlmt collective- biirRiiiiilnK will Ro on pretty much as uaunl, but there will be n top limit on how much moro pay lie enn hope to Ret In most ctincs within thia IS to 18 per cent ninijo. As for Induntry, heretofore only a mini 1 1 purt of xuch pny In creases cotila bo ucd aa the bnsls for asking Immediate price relief. Companies had to wait xlx mnntha before npplylntf for higher prices to offact tho llon'a ahnro of nny mnjor wiiko Jump, Now the six-month wait fa out. If OI'A fliula Unit a pay booat approved by the wnRe atubillzn lion board confronts on Industry or, in some cases, nn Indlvdunl firm with finonclnl hnrdalilp, OPA muat "promptly provide" hlRher prlco ceilings. For Industrie or comnnnlea which will not be in full pro duction for aomo time, the Im mediate prlco Incrouae muat be InrRo enough to oaaure full yeur'a profit equal to it aver age enrnlnga during a pro-wnr buao period. In virtually all In dustries this buae la 1030-30. Price Inereaaa 1 The Immediate price Increnae will bo amnller for companlea which are operuting at a "tem porary low volume," In other worda, whero OPA decldva gronl or production and lower coata are Imminent, It wilt authorize a prlco increnae large enough to aaaura "profitable operation," but ahy of tho 1036-30 average. In providing this, tho govern ment'i poaltlon ia that an imme diate increase to tho pre-wnr earning rato eventually mlRht puah firms ovor tho pre-war profit level. President Truman anld speed ier price relief Is ncccaaury be cause "ninny companion, sciuccz cd between costs and prices, are not In a position to wait throiiRh a alx months' period . . . before seeking prlco adjustments." Egyptian Head Resigns Post CAIRO, Feb. 18 UP) Prime Minister Mahmoud Fahmy Nok- rasni 1'osna ana nn entire coali tion cabinet resigned today. Sources closo to the govern ment Immediately predicted Nokrashi would be asked to form u new cabinet which would Include only members of his own Suadiat party and members of tho Liberal Constitution party, which already has a strong group In opposition ranka. It waa expected the Wofdlst party would bo omitted from the government. Three mem bers of the old cabinet, mem bora of the Kotla Independent group of the Wafdlst opposition, resigned yesterday In protests against alleged government sev erity In putting down anti-British student riots. Classified Ada Bring Results, Fugitive Must Face. Charge In Tacoma ' ,. CHICAGO, Fob. 18 (II George Dlblln, 27, of Brooklyn, today wus ordered removed to Tucoina, Wush., to face fed eral charge of .transporting $0000 worth of stolen govern ment bonds. United States Com missioner Edwin K. Walker fixed his bond at $10,000. Diblln, who escaped from a U. S. marshal at Portage, Wis., in a previous proceeding to de liver him from New York to Tacoma, did not resist the gov ernment's removal request to day. Chicago police arrested Dlblln In Investigating a bad check case. Classified Ads, Bring Results. YOU DONT HfllO CASH AT Soem-UM PURCHASE COUPONS laiikW Orsest oM tw. mm to m fcx f ml aoanofla . . Ifc-n fn H vpou ! Km uk mi ahrouih U"i asora. . TWt'l IM lau Km NT, M ( WM Ulf. Saaall down parsaaal via , Wasrifcaf tmpmMmtm WlHit mm mi OfT YOOM TODAY AT Yeew MAM CREDIT OfftM ORDER NOW To have 'em when you want 'em .3 Profitable Meat and Egg Producers Place orders now for chicks ai hatchad or sexed la all types of heavy breeds or leghorns. AU chicks guaranteed 4 A. As Low Aa n ic?c 13 Ee. SEARS FARM STORE Phase S18I aO Klamath Boys Run Away With $40,000 ' CHAMPAIGN, 111., Feb. 15 fP) Two 18-year-old Chicago high school boys were on their way back to Chicago today after leaving home with nearly $40, 000 because, the father of one of them said, his son had "a burn ing ambition to be a newspaper man." The boys, Neil Ruzic and How ard Erdman, were stopped in a Champaign bus station last night while carrying the money in a suitcase and were held without charge. Dr. Joseph Ruzic, dentist, ar rived here this morning and took charge of the money which po lice said totaled $38,604.24. Kupzlc said the boys took the money from a piano In his home and that "it represented his. sav ings from 20 years of dental practice." Ho said that his son, a preaa service part-time copy boy and sports editor of the St. Rita high school paper, "wanted to be a newspaper reporter so badly he took It upon himself to leave home with the money." Dr. Zurlc said he kept the money In the piano "because I thought it safer at home than in a bank." CUPID'S HELPER JOILET, 111., Feb. 15 (JP) Circuit Judge James V. Bartlev looked at the list of 80 divorce suits tiled from Jan. 1 to St, Valentine's Day. Rallying to cupld's defense, Friday. Feb. 15. 194S HERALD AND NEWSTHRU Condition Of Boy Reported Critical Donald Ply male, 15-year-old son of Mr. and Mrs. J. H. Ply male of route 3 box 405, was re turn H In TTlamatr, VbIUu knanl. tal Thursday for injuries received iwu wwna ago, wnen no was kicked by a horse. - Donald's condition was report ed critical today. Visitors are not permitted. The boy was riding near his home when his horse fell with him and he was struck, suffering head and facial lnjur- Judge Bartley ordered a 20-day cooflng-off period. That amount of time must elapse after filing, he said, before he will hear any divorce case. les. After hospital treatment, the. outh waa Dermlttrri In mn hnma mt Buffered u relapse. INJURED . . CALCUTTA, India, Feb. 15 fP) Sgt. Steve Bodner,- 1397 Willamette, Eugene, Ore., waa among 40 American soldiers In jured during the recent disturb ances in Calcutta, U. S. army base section headquarters dis closed today. .rS-,'W Wf JT WW MB tTMIII.!-.,'-, liiiftiiilitt SEE YOUR DEALER Ask him to arrange your financing the U.S. BANKLOAN way. it's the plan thrifty people use to buy modern home appliances die plan which' enables them to keep their .WAR BONDS and still acquire the things they need. mmii urn QDGOOOG uOII M I M I I I Mlllll irOSIT INIURANCI COrOATION SfMSiy pyywf n 4.''f' '.' m "... W III mm Sff f ; Jt'-.W ,,; Vi- ,r 7,.-s m i? mniatii-i Wrick A-03 gploUU II QCf --drW Mt. w Z. 0 .iTS lL.ln. I .vl 0 . J 7JA . J! WK jaeB r" mi 14 lnch Tool Bo T."0 srssy 5 'H' AffiHaBMfflaW Craftsman Wood Chisels 1.49 rrilml onl qaAlltjr, Forxed lel blades. 1W Inch. CrafUniftQ. Van adlum 1 1 I. aboek proof am bar I i I I I bandlea. In. blado. Salooiad hard. Aeonrato. 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