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About Herald and news. (Klamath Falls, Or.) 1942-current | View Entire Issue (July 13, 1949)
PACE TWENTY HERALD AND NEWS. KLAMATH FALLS. OREGON VEDNE5DAY, JULY 13, 194? Uncle Sam Is In The Red Again; Treasury Men Eye Ways To Raise More Dough Br 8AM PAH SON NEW VORK. July 13 Uncle Earn la la the red again. He's spend ing more than he takes In he haa mare relatives and old friends dependent upon him than a movie star. And the U. S. treasury Is now try ing to decide from a number ol suggestions by Interested parties which Is the best way to raise the cash to pay the bills. It's looking for the way that will be the least painful for the treasury and at the tame time be profitable for the banks and maybe give business a helping hand, too. The treasury calls this deficit fi nancing. Six months ago President Truman wanted more taxes to keep the treasury In the black, saying a bud get surplus "Is essential to sound fiscal policy." Now he plumps for deficit financing as the better course at this time. His economic counsellors say In their midyear report that if we cut down on foreign aid and national defense two of the biggest Items we'll not only be taking a serious risk, but will be cutting olf tne flow of federal dollars to consumers, and thus lead to more lay-offs. Deficit financing will pump new money Into the economic stream. to this school of thought, this will give time lor everyone lo get his second postwar wind and be off again on the road to prosperity. Certainly the American people art used to deficit financing by now. We have been in and out of the red with Uncle Sam for years. In the last 30 years rarely in the middle '20 s and again a year ago have we used black Ink. Meanwhile the federal debt has grown to more than $253 billion. The question business men ask Is how much higher can It safely go. If it's finally decided to go on spending at the old rate, the next problem is just how the treasury should borrow the money to meet the bills. Long term bonds with compara tively high Interest rates will appeal to private investors and Institutions, and cost the treasury most. Banks with money on their hands Just new because business loans are falling off are urguig medium term treas ury notes with moderate yields. When there was more demand for business loans, which are much more profitable to a bank, the treasury's practice of financing its cosh needs with short term certifi cates with a low yield gave the banks a chance to keep idle funds earning a little and still easily CARNIVAL By Dick Turner through treasury borrowings from ! available when a good business risk banks. At the same time, various In- cme along. ISA-DIGS AM-FM TEUVlSiON Cora. iw st arrvxrr Kt tta u t t QTT "Wo do SO need one! Think how it helps to get baby titters!" dustries will profit from continued government buying, subsidies and social security payments. According 1 Sensational! 1 But lost night the treasury sold S900 million of these short term bills at an average rate of 0523 per cent two weeks ago it had to pay 1.158 per cent. Naturally, the banks don't find the new low rates too attractive. The treasury also raises a little money, but not enough, by selling 10-year savings bonds to Individuals. But the treasury can't depend upon this source of revenue in a pinh. inereiore, me treasury wiu nave to do its deficit financing through the banks 'or Insurance companies. It will have to decide how to do it fairly soon. The treasury started Its new year the first of this month with a deficit of S1.80C.000.000. The middle of September it has S1.292, 000.000 of 2 per cent bonds coming due. It will decide well before that Just how these are to be refunded. Many bankers hope the treasury will decide to Issue five-year bonds paving 2 per cent or better. This, they say, would find a ready market, help the banks, and take some, of the pressure off the treas ury for going Into the market at frequent Intervals to borrow money at whatever rate is possible at the time. Whether or not deficit financing will start another, and worse, in flation spiral is another question. My DayWHhout Fail By FRANK TRIPP By FRANK TRIPP . tried to paint and poets have failed It's going to be tough to write a to picture. So how can I do justice iviuiuu una oeauuiui aay. ll s loo i to daybreak at Olenora? nice to write besides I mow In going to be busy. When I play hoosey from my lazy occupation, I wonder why. All I do is expose myself to manual labor that I hire done every place except the place that I'm supposed to relax. There the setting beckons all to complete repose. The morning breaks clear and fair. A golden sun portends a perfect day. It climbs over the hills back of Peach Or chard, ricochets across old Seneca and paints the towering rocks a bewitching purple. j The ribbon of Big Stream's clear aster tumbles a hundred feet into, Clare Hawl--': oool at the foot of the I glen. It Is like a great cathedral! roofed by the heavens where God seems closer. I see this from my bed. as the orioles, goldfinches and mimicking catbirds chirp their sunrise sym phony: and song sparrows carol melodies of joy. It all blends Into a rustic pageant that painters have Two robins are chasing a chatter ing chipmunk away from their nest. Round and around a maple trunk he goes and hot on his trail are papa and mama redbreast, pecking at his head until he reaches the ground, a bewildered, beaten rascal. Ne scoots to his lair beneath the heaving root of an old elm. There he has cached a store of Will Gard ner's black walnuts, which are a delicacy which Will gathers in the fall, for callers at his quaint shop w craca lor tnenueives on his anvil: or some like to crush them in his vise. The esrly fishermen are pushing their boats off the beach. Their outboards cough or they wouldn't be outboards but soon the fellows who ki.jw how to spend such a Ood glven day are off to capture Seneca's luscious trout It s comfortable where I recline and captivating. The kaleidoscopic parade of color and the antics of nature's creatures would make It an Interesting place to spend the day, One morning a deer and fawn saun tered leisurely up "Main street": another, three brilliant cock phaas ants strutted through our yard. I am tempted to play sick but across the lawn I see a pair of fat rabbits having breukla.it In Fanny's flower garden. Kanny sees them too ana my day begins. "If I had Herb Crulkshank aiuund here I wouldn't be raising pyre thrums to feed rabbits," she says. I'm supposed lo get up quick and shoot em; without harming even a pansy, like Herb could. So my day not Eleanor's gets oft with a bang. And line Is what It's like beneath a sun and sky that summon folks with any sense to commune with their Maker the Isiy way. The casualties In the flower gar den are a choice l:;y and a treasured Dieeaing heart- but no rabbits. As penance I agree to repaint ten lawn chairs which I last daubed with white house paint, so they could take the weather. They weathered all right but begin to chalk olf. Dark clad callers prefer to stand. "Let 'em wear white clothes." I nout: but didn't get away with It. I get three chnlrs Dalnted when there comes an SOS from Uie beach. Mary has finished new curtains; tried to put em up with tenpenny nails and a tack hammer: bunged up the woodwork, and her fingers too. Will dad please come and put up the curtain rods? I go to the beach. Fanny phones on the coffee mill phone, while 18 neighbors listen In Mary, your father has got to get those chairs painted or thev won't be dry for my party Thursday Oh neavens. tell him to come quick Turk just got In the paint and it's all over him. Why didn't he put it away?" Nancy calls from further up the oeacn: -uaa there's something the matter with our washer and It s full of baby things. And tell mother to send Turk home." Walt till she sees Turk. Fanny miraculously gets the 20 party line again: "Frank. Anna up near Htmrod. out of gas. She' got the meat for dinner. You'll have to go and get her." Amid still other interruptions I wearily paint away a glorious nay. As the sun goes down, the fisher CAN CAUSI SERIOUS TROUBLE Beware of Pti-Worma. otv PNtt that Hre and crow Inaide lh human tmdy . . , and m eaueeaehoaa trouble., .even internal taflan- nation and bleedtnf . One of the dancer fns la the tormearinff, rectal Itch. Don't f mi . ehanrea. CM Aevna. f .W VaraaV fane. -Wt vital ingredient ia a medically approved drug that anentinrally and ea.it deatrova no-worma sad removal mem I root toe body. So if yon wauieit Pin-Worms, salt toot draff fiat for e-W. the amall. aaay-to-talra tablets perfected by the famoue Jayne to-, apanalieta la worm remediea lor over lOv year. Gal real railed -W 8 far Urn Warraal MARIAV MARTIN Easiest-sew dress ever! NO houlder or side-skirt seams at all! The deep V-neckline. sash and back-fulness are new-fashion! Pattern 9044: sizes 12. 14. 16. 18. 20; 30. 32. 34, 36. 38. 40, 42. Size 16 takes 3'i yards 35-inch; collar, ? yard contrast. This easy-to-use pattern gives perfect fit. Complete. Illustrated Sew Chart shows you every step. Send TWENTY -FIVE cents in coins for this pattern to Klamath Falls Herald and News Pattern De partment, P. O. Box 6140. Chicago 80. I1L Print plainly VOIR NAME, ADDRESS, ZONE, SIZE, STYLE NUMBER. Now I A NEW Marian Martin Fashion Book Is ready! On Its pages are the most beautiful sum mer styles, designated to sew easily, to make your fashion dollars v go further than ever! Plus a FREE pattern printed In the book, a 1 child's beach robe made of towels.! Send fifteen cents more for this i book of Summer 1940 fashions! 1 NSI Checks To Rol! By January WASHINGTON, July 13 (cW Div idend checks from national service life Insurance probably will start going out at the rate of 200 W0 a day next January, the veterans admin istration said Tuesday. Carl R. Gray Jr, veterans ad ministrator, said the complicated preparations procedure makes pay ment this year impossible. Gray's letter replied to published charges that the dividend is being delayed until an election year for political reasons. The veterans administration is going to pay a 62300.000.000 special dividend on about 20.000.000 policies held by 16.000,000 World War n vet- era ns and servicemen. Individual payments will vary widely depend ing upon the type and size of policy and the length it has been in effect. A new DhotosraDhic emulKinn far recording nuclear particles Is said to bs so sensitive that its producers are raced wn.n the problem of how to prevent Its premature exposure by COSmiC rsVS during ahinment in n. search workers. Let us Beautify the Dented Fenders on your Car Today We Will Match Any Color! So. 6th & Walnut Phone 5126 J. L. DEAN Public Accountant and Auditor Offlct at 106 North 7th St Phone 9346 Softer, semi-gloss finish- Easy-to-apply fast-drying I 3 For woodwork, waits- fresh new beauty that wears and WEARS! Today! Start enjoying lovely "new" rooms. It'a ao easy to add charm with your favorite Pearl -Clo tones. I I 1 1 i rr - ... 'J 56 QUART 0 CAl. Get PEARL-GLO at dealers who feature GENERAL PAINTS HLV' J.AtyT TOI CUMMINS If ARnWARR VAtt MFTrR HARDWARI SIS Mala. Klamalk fall. Ull a. k, Klamalk Falls Malli. o,a. IllitlsJhc most value j oiuyanl- ifalhe greatlnew Plymouth yoipyanl MOW 0MB ISPLA V THE NEW PLYMOUTH 3-PASSENGER BUSINESS COUPE 111-Inch Wheelbate! 97 H.P. Plymouth "Floating Power" Engine! Economical to Buy Economical to Run! FULL PRICE ALTI RAS ni.Dfl. MATKRIAL A St PPI.T CO. Allaraa, Calif. fARMKai- gurPLT BAIRT, ORI. WATER'S ARM RlrrrLT aaeTiaert ora. 1605" Delivered In Klamath Falli SEE IT TODAY AT Former Legislator Dies In Portland PORTLAND, July 13 ( John H. Lewis, 71, former state Irulslulur and state highway engineer, died In a hospital here Tuesday alter a month s Illness. A lawyer as well as an engineer, he was educated at WlUumrtle uni versity, Hianiord and Cornell, lie was state highway engineer for 14 years, and also served as engineer for the federal government. In World War II he was associat ed with Hie Portland housing au thority. Lewis was active until his illness began a mouth ago. Funeral services will be held line Thursday. STALLliD PORTLAND, July 3 leVr Arbitra tion of AFL streetcar men's contiuct demands was stalled by the recur rent Illness of L. C Sioll. arbilrutur and head of the Portland labor management committee. 8toll returned to an Oregon City hospital. He was reported In seri ous condition. men come in with three, five and ten noundera. Tha mhlm rinr (ha lawn detectlllff wnrma fnr their young. The swallows wing over the cove. All Is calm. All Is peace. I'm at ease at last. In the porch swing. But there come those riiumi mh. bits again! AMERICA'S GREATEST COLORED ATTRACTION LIONEL HAMPTON "King of Iht Vibrohorp" "Mottor of tho Drum." and hit ORCHESTRA and Troup of Entortolntrg 24 PEOPLE IN A COMBINATION SHOW and DANCE Armory r.r) Sat. July 23 ONE FULL HOUR OF FLOOR SHOW. FEATURING KITTY MURRAY DOUG DUKE Cemralan She la Reraealer'l alrl frleaa aa Jara Beaar'a aew. naa at lae re.Htrjr'a flaatl Harara.aS OriaaUla. CURLY w nu laarer aaa Itraraaur. V.alrlle.el.l. Plut tht following vocalists: Jockio Paris - Jeannotto Franklin Lurlcan Horrii - Loreno Carter Froncit Gaddiion Tho Homptonei (Vocal Quartetta) TICKET PRICKS Purchased In Advance II.J0 Per Person Itas Inc.) Purrhaaed at the Dance II.M Per Person lias Inc.) Mall orders now. Send cheek or money order to Derby's Music Co, 120 N. 1th Ht, Klamath Kails. Ejirloa self, addressed, stamped envelope s 9th at Pine Phone 3188 Store Hours 9 a.m. to 5:30 p.m. WARDS ANNUAL mm 25 FF ALL REGULAR ITEMS! NOT A CLEARANCE! SALE ENDS WEDNESDAY. JULY 20th! Hurry! No time to waste! Even at their regular pricei, these items are exceptional; at these savings they're terrific. Ail are popular best-selling styles. Complete range of sixes, colors. Stock up on your lingerie now, and save! SLIPS . . . . GOWNS . : ROLL-ONS BRAS REG. 2.98. Nylons, royon crepes, satins, and jerseys. Tailored, trimmed. 32-52. REG. 1.98. Rayon crepes, satins, tricot knits and cottons. White, pastels. 32-44. REG. 3.98. Lace-trimmed multifilament rayon crepes. White, pastels. 34-44, REG. 2.98. Rayon crepes, sotins, 2-bar tricot jerseys. White, pastels. 34-44. REG. 1.98. Easy to wash cotton crepes, trimmed and tailored. Pastels. 34-44. REG. 1.98. 2-way stretch panties and girdles. Rayon elastic. Small, med., large. circular stitched. A-B-C cups, 32-40. 2.22 1.48 2.99 2.22 1.48 1.48 1.48 So. 6th and Walnut Phone 5126 i
