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About Herald and news. (Klamath Falls, Or.) 1942-current | View Entire Issue (April 2, 1952)
PAGE EIGHT HERALD AND NEWS. KLAMATH FALLS. OREGON WEDNESDAY. APRIL 2, 1052 Transamerica Defense Made WASHINGTON HI The Fcdrrnl Reserve Board Is accused by o n e of Its members of not Riving Transamerica a chance to defend itself before the huge banking chain was ordered broken up as a monopoly. Oliver 8. Powell said In a dis senting opinion released Tuesday, that the majority failed to admit evidence Intended to show Trans america expanded because its banks gave better and cheaper service. J He said the board also fulled to jhe.r testimony by Transamerica designed to show plenty of com petition existed in the five-state western area It served. '.The board voted 3 to 2 last week lo order Transamerica to dispose of Its majority stock in 47 banks In California, Oregon, Washington, Arizona and Nevada. That would leave Transamerica with its six percent ownership of the 530 Bank of America chain in California. Family Home Goes Up In Smoke Fire gutted a one-story frame house at 422 Mt. Whitney St. early this morning and destroyed the be longings of a family of five. Mrs, Don Smith; and her ilinc children, aged 6, 4 and S years, were staving at a neighbors when the fire burned out their home I a belt 1 a.m. Mr. Smith is at Win chester, Ore., working as a grader for a lumber outlit. Cause of the blase was not dis closed this morning by firemen. Democrat Wins Special Election Action Demanded In Tunis Crisis ' UNITED NATIONS, N. Y. Ml The Asian-African " group in the United Nations filed a formal com plaint Wednesday with the Security Council asking urgent action to set- Twelve members of the group, acting Individually, dispatched Identical letters to the president of the Security Council voicing their complaim. Dispatch of the !e!tcrs was con firmed by the Philippine delega tion, which said Gen. Carlos P. Romulo. Philippines chief delegate, had sent its letter special delivery from Washington. ALBANY, N.Y. M! Democrats Wednesday pictured the smashing sneclal election triumph of Leo W. O'Brien as representative from the clear-cut victory lor Truman. Th unofficial count In Tuesday's election gave O'Brien, 51-year-old Albany Times Union legislative correspondent. 66.S83 votes to 2V 294 lor Kepuoiican jonn r . rorner Jr. Scott Gray, American Labor party, got 282 voles. O'Brief won 10 per cent of Uie total vote, an unprecedented plur ality for the heavily Democratic district, which comprises Albany county and part of Troy, Renssel aer county.. ON WAY ; vnir vnoir IM ann .Lilians of The Netherlands and her party left Gander, Newfoundland, for a non-stop flight to Washington at 6:59 a.m. (pst) Wednesday.' The Royal Dutch Airlines plane ic Hit at. Wachincrtnn'S. National airport at 12:41 p.m. Pst. NEWBERRY'S EASTER VALUES Your dollar goes further at Newberrys Big savings in every Department. 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