TUESDAY, JANUARY il. 1052
HERALT) AND NEWS, KLAMATH FAUJ8, OREGON
PAGE TOREK
Republican Takes Over As
Boss Of RFC On Heels Of
Symington's Resignation
'II "a vLr-
i. ouii..N ir
I The Palomino I P
l lllondo and hrr w
jov rniicNu II "T
v Tw r,i,: "'""iiiE
,.11 r vi huh I H Hnntrrn .Swine I
-Vy. - WTKIl TAYLOR J
f ltHlliqun(
WASHINGTON. Wl All active
Republican propured Tunxclny to
bi'coino bona of the multi-million
dolliir Rdcoimlrucllon Flnniico Cor
poriillon under an nnnounccd policy
of loiuiK "on a biinlM of bunlncns
and merit no polities."
Even oh Hurry A. TvtcDonnlcl,
nnuncliitcd UiIn policy, however u
niovn NpnuiK up to luuncli a now
Himiile InvtmtlKiitioii of the nunc
Hciindut-Kcnrred Kovcrnmciit lend
Inn rtgnncy.
Bon. Miiyhimk D.- S.O., 8emtle
UitnkliiK Commlttue chairman, nn
uounend ho hud ordered nn Iwiulry
Into tho rcHiKiintlon of W. Btuurt
SymlnKton an RFC udmlnlntriilor.
Ho mild Bonnie notion on I'renl
rlmi Trumnn'a nomlnntlon of Mr
Dopalcl to muccpccI HyinlnKton prob
nbly would be held tin until after
the Inuulry. McDonald, now chair
iniin of the Biwurltleit and Ex
I'hiuiKe CommlriMon, In a clone per
noniil friend of Bymlniilon.
Bymlnuton. a top Trumiin admin
IMrullon of I lcl'tl for Mx yenra, In
qiilllliiK Jim. 16. The President, In
n letter Mondiiy nddreMrt to
"Denr Rtu", Hiild he accepted the
rcxlunnllon with "utmont reluc
tance." McDonald told n renorter lie
would continue Symlnitlon'a (told
flMi bowl" policy of dlncluHUiir all
Inforiiuillon on government loann.
He ld h hoped In re'tiln most of
the kev RFC ptrmuinel.
As tor millMenl Influence. Mc
Donald nald, "We lunt don't expect
anybody to trv It. We certainly
won't permit It."
Mavbnnk Md he would anltn
the new RFC InveMtliatlon to a
mbconiniltti-e he1ed by "en. Ft'.
brliht D,. Ark. Thl I5 the anme
"roiin whoe bcorin"M tn-t unrlnc
forcpil a nhniceiin of tHe apencv
and hronvht BynilnRton hi as trou
ble nh'ioler.
a
THE BANKER TAKES A BRIDE Marriner S. Eccles, 61,
former chairman of the Federal Reserve Board, and bride
of Ihree days, Mrs. Sara Madison Glassie Eccles, 43, of
Chevy Chase, Mil., greet the new year with a smile in their
New York City hotel suite. The couple plans to spend sev
eral days in New York City before leaving for Eccles'
Salt Lake City, Utah home.
nu.fiiNfi?
l.ITTI.K ROCK. Ark. fliir
Rliim. apparently plnnnliiK to put
the Miiee.e on somebody, alole
eluht Klrdlca from a clothing Mure
Monday night.
Rodeo Cowboys
OK Nsne Shows
DENVER I' Hie Rodeo Cow
bov.V A m . it! t on, rneriip" iieri
prior to opeiilnic of Uie 1952 na
tional Western Block Show mid
Rodeo, Monday approved member
parllntxt' en "1 n,ne ro:!e-js thi
year with tolnl prize money of
Uli. 650.
The list of rodeos, daten and
prlo monev Includes:
Yuma, Ariz., Feb. 10-17, J3.000.
Dnlou Rouite, La., March 1 - 7.
(8.000.
Strong City, Kan., June 6-8,
$3,000.
Lincoln. Neb., June J2-15, J2.500.
Del Mar, Calif.. July 3-5. 13.600.
Topeku, Kan., July 18-20. (3.S00.
Pretty Prairie, Kan., July 29-31
$2,500.
Lewiatown, Mont., July 31-Aug. 1
$2,250.
Spokane, Wah., Aug. 20-23,
$3,000.
Bill Llndcrmim of Red Lodge.
Mont., president of the RCA, said,
the convention is expected to ap
prove many more 1052 rodeos be
lore the session ends.
Land Grant
Attorney To
Make Meet
PORTLAND lPi The attornev
for the Association of .Orcuon and
California Land Orant Counties
will leave for Waahlmtton, D. C,
Jan. 18 to represent the uroup on
any proposed legislation affecting
Oregon's revested tlmberlands.
The attorney, Frank Sever of
Portland, was given authority to
"review the proposed national leg
islation and to use discretion on
coming amendments."
At a meeting of the association's
executive committee Monday, Lane
and Clackaman County represen
tatives said they were preparing
legal action to obtain their snare
of $4,250,000 which they claim is
iiu" 1R Oregon counties from the
federal government.
At present the counties are en
titled to 75 per cent of the reve
nus from tho 2'i million acres
of tlmberlands. The remaining 25
per cent goes to the federal govern
ment. The counties, however, have not
received their full share. It i over
this shortage that Lane and Clack
amas Counties threaten suits.
There has been discussion In
Congress recently to reduce the j
counties' share to 50 per cent with
part of the government funds being ;
set aside for fire protection, ac- j
cess roads and a sustained yield j
program.
The group also voted preliminary i
approval of a plan to sei asiae
about 145 acres of O. U C. lands
near the Oregon caves for a per
manent camp site.
Family Claims
Fumes Harmful
PORTLAND M-The Paul Martin
family filed a $350,000 damage suit
in Federal Court Monday, contend- j
Ing they were poisoned by fumes ;
from an aluminum plant. i
The Martins Paul, his wife!
Vcrla, and their daughter Paula i
said winds blew fluorine fumes i
from the TrouWale, Ore., Reynolds The Reynolds Metala Company
Metals Plant onto their farm be- recently was ordered to pay $78,000
tween November. 1946 and Novem- for damage which the fumea
ber, 1950. The suit said they now caused to livestock and crops In
must live in Arizona for their the area. Similar suits asking two
health. million dollars were dismissed. .
OTI Registration
Set For Jon. 14
Winter term registration at Ore
gon Technical Institute has been
scheduled for Jan. 14, according to
Director Winston Purvine.
Ai present, Purvine said, all
courses are open to registration and
students r cjIH have -r trorYe in
selecting the classes they want.
Cevlon is an Island in the' Indian
r an n.lln- nit lha cnolharn
I tip of India.
SALE! NEW COTTON DRESSES!
SEC Ponders
Power Firm
Sale Plan
WASHINGTON W) A Securities
and Exchange Commission official
indicated Tuesday the commission
may not act on the proposed sale
of Washington Water Power Co.
common stock until next Monday.
Secretary Orval DuBolse told a
reporter:
"We certainly will not come to
any verdict before all the testi
mony is in."
In announcing a 10-day extension
of Its time for consideration of the
sale, the commission last week in
vited interested parlies to confer
with It "Individually and Informal
ly" this Friday. The deadline for
SEC consideration is the close of
business next Monday.
One opponent Robert Smylle.
Idaho attorney general , already
has presented his views. He him
self was unavailable for comment
and the SEC declined to discuss
what was said at Monday's con
ference with him.
Smylle earlier, however, ex
pressed belief that a stock sale
notice filed by American Power &
Light Co., owner of Washington's
stock, did not meet commission
specifications. He also contends
sale of the stock to the three Wash
ington State Public Utility Districts
would be contrary to Idaho law.
SALE
ON
NEW FRIGIDAIRE
REFRIGERATORS
We have a few new models
k Slightly Marred
Demonstrators
AT
Special Low Prim I
BUY NOW BEFORE ?
VERN OWENS'
CASCADE HOME FURNISHINGS
COMPANY
124 No. 4th
Phone 8365
I w
ON YOUR SAVINGS
BEGINNING JAN. 1"
AT THE FIRST NATIONAL BANK
THERE'S NO
SUBSTITUTE FOR A
FIRST NATIONAL BANK
SAVINGS ACCOUNT
Now your money arm mor
at First National Bat. Be
ginning January 1, 1952, 2
tnteritt will be paid oh new
and exitting savings ac
counts, regardless of size, in
all branches of the First
National Bank of Portland.
So, save regularly end earn
2 at the First National.
Deposits made on or before
the 10th of January earn 2
interest from January 1st.
Open Your Savings
Account Today!
(ON CERTIFICATES OP
DEPOSIT)
A Three Year Certificate
of Deposit Pays You
2 Vt per Annum at
Maturity. ,
FIRST NATIONAL BANK of Portland
DECEMBER 31, 1951
Mmbr Ftd.ral Dtpoiit Insuronw Corporatioa
RESOURCES
Coih In youII and la hdwol l.irv tank.. $ 19,664,193.01 . .1
Du from lanki .' 3,517,75M7
Total Coih $121,111,147.11
Unlld Slolti Govtrnmtnt Obligation!,' - rl jv
Dlrtet and fully GuorontMd 7.. 1 4 J, 556,119.71
Ital., County and Municipal Bondi and
Warronli 39,719,364.41
Oth.r Bonds and Socuritioi 1 5,161,872.49
Stock in fedtral Rtianra Bank . 750,000.00
loans and Discounts 274,371,240.12
Accrued lnlir.lt l.ciivabl 1,917,171.90
Bank Prtfflists, Furnltur. and Fixlur.s and ;
Sol. D.poiil Vaults f 6,150,356.6
Olh.r tal Estal. own.d.; ' ;. 1.00
Cuilomtrs' liability on Accounts of l.H.rs '
of Crtdit, Acctplances and Endorsed Bills. 731,250.06
Other lesources 429,926.59
TOTAl BESOUIICES $601,240,221.16
LIABILITIES
Capital -. $ 7,500,000.00
Surplus 17,500,000.00
Undivided ProWs 11,875.908.30
Total Capitol Funds $ 16,175,901.30
Reserve for possible loan losses. This reserve
is to apply against any loon losses that
may develop in the future; It has not been
allocated to any particular loans or type of
loans. (Established from earnings, $825,-
000.00 of which was added from Jon. 1,
1951 through Dec 31, 1951) 'l,99i,7H.I
. J !"" $37,941,761.79 ,,....,
DEPOSITS . j T MA. f 557,388,716.62
(Savings and Tim. 159,446,947.13 )
liability for Loiters of Credit and as Acceptor
Endorser or Maker of Acceptances and
Foreign Bills 731,250.04
Interest deceived In Advance i 2,085,382.6
Deserve for Interest, Tu.s, Etc 1,976,120.1
) Other liabilities ,
TOTAl LIABILITIES . 1601,240,122.1
FIRST NATIONAL BANK GROUP
Composite totals for the first Notional Bank Croup, Th. first Notionol lank of
Portand and its 46 statewide bonking ofices and 15 ofimarea
banks with 18 bonking offices.
DEPOSITS
The first Nollonol Bonk of Portland and 46 Offices 1557,388,71 6.61
18 other Oregon Banking Offices In the First National Group 127,702.830.92
$685,01,547.54 -
IOANS AND DISCOUNTS
The first Nollonol Bonk of Portland and 46 Offices. $274,371,240.12
18 olher Oregon Banking Of lies In the First National Group 45,781.268.4
$320,153,508.61
TOTAl P.ESOUP.CES
The First National Bank of Portland and 46 Offices $601,240,222.1
18 olher Oregon Banking Offices In the first National Group 137,368,111.3
TOTAl RESOURCES of the 4 BANKING OFFICES In tho .
FIRST NATIONAL BANK GROUP $738,60,040,M
Klamath Falls Branch
J South 6th Street Branch, Merrill Branch
FIRST NATIONAL BANK
n pom mneytac6 Sjfo
Stort Houri: 9 A.M. to 5:30 P.M.
133 So. 8th Phono 3188
iJ Or PORTLAND
iW ywr cmvm.c-OPRN 10 TO 1 SIX DAY! A WEEK
UTS MMD OMOON roofrm"
Aember Federal Deposit Insurance Corporation
(h first Notional Bank of forffand and Iti 44 ifat.wld. bonking offices am 15 allllhltd banks with If afflt.4
Portland Officii
Portland Main Offic.
lost Portland Branch
Hawthorn. Beul.vard Branch
Hollyw.ad.Ros. City Bremen
Industrial Branch
Ilvestock-Kenten Breach
Mentavllla Branch
Sixth and Morrison Branch
Southeast Portland Branch
Unlen and Russell Breach
Uptown Branch
Branch! 0v f of Portland
ALBANY BRANCH
ASHLAND BRANCH
ASTORIA BRANCH
BINO BRANCH
CINIRAl POINT BRANCH
CONDON BRANCH
COOS BAY BRANCH
COOUIUI BRANCH
INTHPI.I1! BRANCH
FOSSIL BRANCH
GRANTS PASS BRANCH
CRESHAM BRANCH
HIPPNSR BRANCH
HILISIORO BRANCH
HOOD RIVIR BRANCH
KLAMATH FALLS
Klamath Falls Brands
South Slsth Street Brooch
IA ORANDI BRANCH
IAKIVIIW BRANCH
MIDFORD BRANCH
MIRRIll BRANCH
MOLALLA BRANCH
NIWBIRO BRANCH
NORIH BIND BRANCH
NYSSA BRANCH
OAKRIDOI BRANCH
ORIOON CITY BRANCH
PENDLETON BRANCH
SALEM (RANCH
SHERMAN COUNTY BRANCH
STATION BRANCH
THE DALLES (RANCH
TILLAMOOK (RANCH
UNION (RANCH
VVOODBURN BRANCH
AffUfofotf Bonki in fho
frif NofonoBonlt
Group
Corlm lists and Savings lank
lenten County State Bank
ICervolllsl
Philomath Branch IPMIemothl
The First National Bank of
Cortege Oreve
The First National Bonk of lufeaa
West lugtnt Branch
Springfield (ranch ISprlngfleld)
The First Natlenel Bank of
Fertst Oreve
The First Natlenel Bank of LshewsB
Monroe State m.M
State Bank ef Malhewr CevNty
lOnleriel
Mertlend-SsllwMd Bank
IPerllendl
The First National Bank of
Prlnovlllo
Scle State Bank
Clatsop County Bonk ISeotMel '
CeelMgeand MtClafno llllveiteol
ffftfok 1 twrf HojfVio
YmrMII Staff lMk
Allthi abov bonb mn mmUn tf th Mtral Dipoiit liwrotK.Crr0tloii. ,..