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About Herald and news. (Klamath Falls, Or.) 1942-current | View Entire Issue (Oct. 6, 1952)
AGE TWELVE HERALD AND NEWS. KLAMATH FALI.S. OREGON MONDAY, OCT. 6, 10.12 Business Good, But Economists Worn Of Def lotion debt can he eiii'ceiwfiilly mnnniird. lie expressed collllitrlu'o triim wink by (he trcnmiry and the Ft'd- eiiil Rcnrrve Dunk would nlror the economy tluouuti any Inflationary 4 i.tonn. ' '1 V - .. '.L-ij)i)jH$v -v - W ; ' , r v V , 'I :: W f wmr'r LT. CMDR. LOUIS C. STILWELL (above), son of Mr. and Mrs. F. W. Stilwell, Patterson Street, is en route from Norfolk, Va., to San Diego to assume his first command, LST 914. Stilwell, .veteran of l& years' service, entered the Navy upon gradua tion from Klamath Union High School in 1936 and served in all major campaigns during World War Two. The command er, his wife and their three youngsters are to visit here briefly before reporting to San Diego. Man Declares 'Frame-Up' OKLAHOMA CITY. Ill Orville Lindsey Cbambless, awaiting ar raignment, today, vowed "they're not going to make me the goat" of a $248,000 robbery of two Cuban exiles in Ft. Worth Friday. "Sure I was offered a proposi tion," Oklahoma City's well-known ex-convict and flying bootlegger said, "but I turned it down. I'm not going to get tied up in any thing with international complica tions." Chambless, 35. named by the Cubans as the man who held them up with a tommy-gun, protested he was framed. He said he was sick in Oklahoma City when Man uel F. Madareaga and Candido de la Torre were robbed of the money which police said was to have been used to buy arms for a Cuban counter-revolution. The scar-faced ex-convict, charged in Texas with robbery, is to be arraigned here on charges ot un lawful flight to avoid prosecution. He recently completed a three-year sentence for manslaughter and 90 days for liquor possession. But he declared hotly': "This is one time Tm not guilty and I'm going to yell like a pan ther. This whole thing is a frame-up." Bv ItlCIIARI) FISKK s- NEW YORK Industry fol lowed a familiar path of hlah pro duction tins week and the sign posts pointed to weeks of heavy out put .ahead. For the moment, the nation's economy appeared headed up a one-way atreet. Unemployment was close to the lowest level since the end of the war. Tlie workers were spending. Business was borrowing to expand and mike more business. Bank statements continued to show moni'y was being salted away. Retail sales showed money was being spent loo. A lot of the spending was on paper. Tills was reflected in con sumer credit figures, which con tinued near the all-lime hiKh of a few weeks ano. In the midst of the good busi ness and the optimism dime words of caution, however. Increasing numbers ot economists urged busi ness and industry to prepare now for the end of defense spending. It wasn't that they thought de flationary tendencies were right around the comer. Quite the con trary. While economists tinted fore slghtedr.ess toward the day govern ment spending simmers down, they also warned of continued inflation ary dangers. Louis W. Dawson, president ot Two Killed In State Wrecks By The Associated Press Two persons, one of them a 2- year-old girl, were killed in auto mobile mishaps in Oregon last week end. Judy Arlene Woods was fatally injured Saturday when struck by a truck as she played in the drive way of her Medlord home. Police said the truck was driven bv Billle McMasters who lives with the girl's parents, Mr. and Mrs. Cecil R. Woods. Harold W. Werner Jr., 29. a U.S. sailor, was killed when his car overturned on the outskirts of Port land Saturday night. A passenger, William R. Perry, was injured. Extra Work Made Easy Rent A Typewriter or Addinq Machine Eleclrlo or tUod Last month's rental is opplied to the purchase price VOIGHT'S PIONEER OFFICE SUPPLY ns Mftin Phone 1415 the Mutual Life Insurance Com pany of New York, echoed Ihe views of many others. He said deflationary signs were evident only a few months aito but that In the past several weeks "the upward spiral lias threatened again." "We must not relax our vigilance when deflationary signs appear," he told a company conference m Coronado, California. "We must coniinue lo be alert against those Hooks which at a NW Scene Of Insect War By JOHN KAMI'S WASHINGTON i Timber worth many millions of dollars is at slake in Montnnn and lan ho In a war on bugs about the sine of a grain of wheat. Bark beetles arc threatening to destroy a large 'part ot 9 j million board feet of Gngleinnnn spruce in Northwestern Montana and Northern Idaho enough timber to build more than a hall-million houses. Forces mobilizing to fight the mighty mites include the federal government, victor in a similar conflict in Colorado this year. The government had help from nature when It won control over the destroyers ot Colorado spruce, ending a war that lasted a decade. Cold weather killed many of the beetles last winter, and birds and parasitic Insects ate many more. It cost the government about 3 'a million dollars to control the beetles that destroyed 4 3 billion board feet of spruce in a federal forest service area containing 16 billion board feet. The forest ser vice estimates the destroyed tim ber would have provided enough lumber to rebuild every house In Colorado. In attacking the new epidemic, the federal government needs help and Is getting It from the states, railroads and lumber companies owning land in the tall timber country west of Glacier National Park and north of Coeur D'Alene, Idaho. later ri:iie could causa ot inflation." esumpilon m UlfU and Accessory Organs not Adversely Affected by Smoking Chesterfields ana? Q3J3D A responsible consulting organization has reported the results of a continuing study by a competent medical specialist and his staff on the effects of smoking Chesterfield cigarettes. A group Of people from various walks of life was organized to smoke only Chesterfields. For six months this group of men and women smoked their normal amount of Chesterfields 10 to 40 a day. 45 of the group have smoked Chesterfields con tinually from one to thirty years for an average of 10 years each. At the beginning and at the end of the six months period each smoker wn ormon o thorough examination, including X-ray pictures, by the medical specialist and his assistants. The exam ination covered the sinuses as well as the nose, ears and throat The medical specialist, after a thorough exam ination of every member of the group, stated: "It is my opinion that the ears, nose, throat and accessory organs of all participating subjects ex amined by me were not adversely affected in the six-months period by smoking the cigarettes provided." I . ,UrLa aft I yyiftlgrK' OF BETTER QUALITY & ( l . w vl ," PWPV iWSim ifl HIGHER PRICE THAN ANY ) ' V ukiTem j wlPfc I mmmm L other kino.$.ze J ' (mm imiMttaUceeco. "M'"HvwToiccq Fyt jwewi mmmmmmmmmmmmmmmmmmm m - Ills advice was; sound monetary policies, encouragement of consum er savings, curbing ol excessive spending. At a meeting of the America Bankers Association, Waller E. Hadley Jr., economist oi Arm strong Cork Company, saw a mod erate pick up of general business activity Into Uie spring ot next year and then a taieiiiig off. Homo basic weakene.vses In de mand, he said, will begin io ap pear in mld-iuM. particularly in heavy goods lines. However, ho milled he felt de velopments at home and abroad would tend to sustain, If not In increase, Uie oefense prournm for a longer period Uian commuiily be lieved Sumner H. Sllchter, Harvard Uni versity economist, said hr.bcllcved t lip peak of tiefenst spenoing and fnrlegn aid will be around 60 mil- Anti-Reds Kill Russians HOI-IO KONO Ul Antl-Com-niuiu.it Chinese of KwaiiKtiiHK province of Bed China have killed at least 130 Russians in the past three years, the Independent news paper Sing Tao Jlh Pao reported Monday. In a dispatch from Canton, the paper said the Russians were In structors, engineers, doctors aim technicians assigned to various Communist, Party organizations in South China. lion dollars. That's four or llvo billion under some fori'iusls and Klllilier said he IhnuuM the lop would be reached next June or July. UoverniiiPiil spending came hi for a lot or criticism ot the At lantic Cltv. N J., convention of the AUA, but Treasury Secretary Snyd er told the bankers It was a "dem 'inMratrd fact" that a huge public Coprriiht 1952, Licobit Hrau Tobacco Co. WE GIVE S ond H GREEN STAMPS Fashion Cleaners 129 So. 7rii Ph. 5563 FLY UNITEDS MAINLINE AIRWAY Southbound Mainlined Leave at ; ; . 5:50 P. M. SAN FRANCISCO 2V, hr. LOS ANGELES . 4V hn. Northbound Mainllnort Leave a! t : 12:05 P. M. PORTLAND . . 2', hr. SEATTLE ....4', hn. foil, fuvurfoui ffJffftfi fe "oil the) fair" Airport Terminal. Call 3-2557 Of an aulhoriiad travel ofitnt. mfed Ata LINES COMMIf THE H.U ANO rou'ti go ir ant WURLITZER BUILDS FOR KEEPS! 111 TO LAST FOR GENERATIONS . . . 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