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About Herald and news. (Klamath Falls, Or.) 1942-current | View Entire Issue (June 5, 1947)
Marshall Urges (European Reconsuctfiion Program imm t nkwi, m-ik .ti., or. TiimaoAT, , tit, Tin T AMERICAN ECONOMIC ASSISTANCE PROMISED CAMIIIIIDflK, Mum., June S lTi Merretary at Mule Marshall railed upun 1 lie countries of Kuriipn today tu work out loirllirr a treat new priisram of reconstruction. Hk prumUrcl Amrrlnti eraiiimile assistance mill sumiort "o far as It may lie uracth'al. Anil nl the "nine Unit he plrdiiod Ills Milled Btntrs lu iippiuui "uny Kiivermiiriit which maneuvers 10 block llin recovery o( iillinr coun tries," Wlthmit nnmliiK any fiireltm ciiiinlry or party, Marshall declared In thn outline of mi address prepared Ir n meeting of tho Harvard Alum ni muuii'liitUin: "Utiverniiiriit. pulltlrnl purtlr or iruupii whlrh Mirk to perpetuate llll- nmii misery In order to profit there from politically or otherwise will en counter the opposition of the United Htntes." Marshall did not specify how much monry the American government In tends to iniike available but said Curupe mint have "nul)lntll edill llonal help" during the nest three to four yenri or "face economic, so clal and pulltlrnl deterioration of s very (rave character." The rablnel ofllcer'i call for a Joint effort by European countrlea to develop a reconstruction blueprint represented the ftrnt step of the new stale depnrtiiient approach to the problem of world wide rehabilitation. lie disclosed several weeka alio that Boyle's Column War Rich Sink Profits In Searcli For "Black Gold" nv iiai. novi.R OKLAHOMA CITY. June 5 'II War-wenllhy ainiileura have atarled a new "wildcat boom" In Oklahoma's MiU-century-old oil fields. ,Mmv than iiOO well are being dulled throuuhout tho alute by a new crop of Inventor alrango to the oil bnsinraa war contractor!, brew era, wine dralera, professional Rain blrn and movie tarn all drawn by Uie lure of discovering fresh poola of "black gold" hldilrn under the Hoon er state crusted acrri). "There la more drilling now than at any other period and more money la bring wenl." (aid Claude Harrow, oil editor 01 me uany uaia 15 Fathers In Diaper Derby fifteen nervotui father will com pete In the Disabled American Vet erana' "Diaper Derby al 8 p. m. Thursday, In the Pelican theatre. The event la part of Uie DAV Kid dle Karnlval, which will have Ha grand finale at Klamnth Union high school Monday night, when wlnnera In tlr contest are announced. K. E. Benner. DAV commander, will be master of ceremonlea In 0e "Dlaiier Derby." and a cah award will be given the father who dlapera his baby moat speedily. Contcatanta signed up ad far are Robert Krdinan, Krrd Krlng. Dick (tuiidrraon, John Wegncr, I'rnncla riklimer. William St. John. Hurley llvall, and C'lnrenre Nrallmmer. Fnlerlatnmeiit features will be furnished by some of the ynungstera In the talent contest. Including Con nie Faye Hood, violinist. Carol Ann Mlnton, vocalist and dancer, ami II. Vaiiighn Blsphuin, acrobat. 0&iE030 PIHCATOIHAL PAYMKNT ALBANY. N. Y June ft Ti City Treasurer Prank J. O'Brien received In the mall a check for IIOO, marked "money for stolen time." "Someone must have token the time oft to go fishing and hla con science bothered him," O'Brien anld. "But for $100, he must have done a lot of flailing." HONK! WATKftTOWN, Mass.. June ft tin It's going to be eoay to call a cop In this town. Blgnal boxen have been equipped with horns to sum mon an officer In dnytlme and with flashing lighlfor nwht alarms. ; VARIETY SHAWNEE, Kna June 8 Vi Re hgloua beliefs In Rev. Joseph E. Horns' family vary. ' The Rev. Dnnnld B. Ooens, pastor of the St. Agnes Catholic church, told a meeting of the cooperative club: Ills frtther, Tho Rev. Joseph E. Ooens, Is a retired minister In the Church of Uie Brethren. Ills oldest brother, Jnmca Ilnrold "tof St. Louis Is a Christ Inn Scientist. Another brother, John Ernest, la a member of the Centrnl Christian church and a sister, Mrs. Harold Foley of Berkeley, Cnllf., belongs to tho Latter Day Saints church. , THIPI.E ItlltTHDAV A SALT LAKE CITY, Juno B MV ' Mrs. William L. Aclnms celebrated her birthday Tuesday by giving birth lo a son, Jeno William. On her blrthdny in 1040 she gave birth to a daughter, June. Preparo now for the future. Learn r trndo In tho U. 8. navy. human here and one of the best Informed men In the Industry. "They are mostly people with big money looking for eoay profits, They know little or nothing about oil, and they have had to hire experienced men al ungodly figures to supervise the work." Tills wild orgy of free spending haa a maud old-time oil operators. Moat are sitting tight waiting for It to alow down, Itlg Hoys Hit Bark "They expect to be here years nfler this spree la over," aald Barrow. "The major companies can afford to sit back and buy Into anything big that develops." Bringing In gusher no longer Is a shoestring operation. Orltiug a well Into production may coat any thing from (Moo to Sl.ooo.ooo and you ran sfiend the monry and end up with nothing but a hole In the ground. "Wildcatters" are speculators who drill for oil outside proved areas where It la known to be. They are like Broadway producers backing an expensive stage show with untested talent. "In two Oklahoma counties over a three-vear period the wildcats brought in ono producing well for each five dry holes," aald Barrow. "The wildcat average throughout the United States la about one out of seven." Evrn then the producing well may not turn out enough oil to pay for the cost of the other venture. 'Die search for Oklahoma'a oil wealth haa broken many wildcatters, made mulll-mllllonalrea of others, 761 Discoveries Since the first oil well was drilled fifty yrars ago last April. 761 fields have been discovered. They have produced almost A.dO0.000,000 barrels of crude oil and paid about 17.000. ooo.ooo to producer and royally owners. That Is more than ten time the value of all Uie gold taken from Alaska and three times the value of the gold produced by California since 1(48. 1 Of Oklahoma's 44.425.000 acre some 37.000.000 are considered po tential oil lands. But only 800.000 to 000.000 acre have been proved Between IBSI7 and 1043 some 160.816 wells were dug. Only 82,800 were still producing In 1B43. Oil Is getting more difficult and more expensive to find. In the 1934 to 1036 period 280 dry holes were dug to locate a major pool. By 1038 lo 1040 the dry hole average Increased to 700. One oil company has gone down 17.711 feel In Caddo county the deepest man-made hole In history and still hasn't hit anything but rock and water. "It'll go to 20.000 feet and cost a million dollars," said one oil man. The current crop of Individual wildcatters now; drilling seems to have Uie capital for an extended splurge. One relaxes by playing nickel plnball machine for 81000 stakes. . "Hut they'll be taken." said a veteran oil man. "It s a rough gamble." SAVE 15 on Dreft See Coupon, Page 9 Ask JULIAN R. ABBOTT abut Standard Insurant GOLDEN YE ARS' PLAN He wit. give you full details on the insur ance plan that enables you to retire with life income: StaXiiaiiii Ivsiin a.nci; Company JULIAN R. ABBOTT Route I, llox 923, Phone I960 Klamath Falls, Oregon DENNY'S BACK! Denny Loo hoi taken over The Red Rooster 614 Klamath and will be pleated to lee old friondt and new. "You've TRIED THE REST NOW TRY THE BEST" Open Dally 8:30 to 10:30 p. m, Saturday 8:30 to I a. m. The RED ROOSTER hla policy planning staff Is engaged In a gigantic survey of world needs. Marshall said United Htiitrs finan cial and other help "must not be on a piecemeal basis a various crises develop. Any assistance that this government may render In the future should provide cure rather than a mere palliative." The secretary declared "our policy Is directed nut against any country or doctrine, but against hunger, poverty, desperation and chaos." Breakdown Keen He sold, "The modern system of the division of labor upon which the exchange of products I based Is In danger oi nreuKing uown Because: j Town and city Industrie are not ; producing enough goods to exchange ! with food-producing farmers, who In turn withdraw. Uielr field from cul-, tlvallon and use them fur grazing, j "Meanwhile, people In the cities, are short of food and fuel. So the i ?overnment are forced to use their I orelgn money and credit to pro- cure these ncccaalllra abroad." "The truth of the matter," Mar- , shall continued, "I that Europe's requirements, for the next three or four yeara, of foreign food and other essential products principally from America are so much greater than her present ability to pay that she must nave suostantiai additional help, or face economic, social and political deterioration of a very grave character. 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