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About Herald and news. (Klamath Falls, Or.) 1942-current | View Entire Issue (Dec. 3, 1952)
PAGE EIGHT HERALH fc NEWS. KLAMATH FALLS. Ortrr.ON Bankers Attack Public Power Jobs HOLLYWOOD, Fla. Ifl Public power projects were characterised Tuesday at the 41st annual con vention of the Investment Bankers Association of America as "the corner stone of socialist planning in th United States." The ultimate aim, aald a report erf the Public Service Securities Committee of the ornanir.atlon. Is the nattonallaatlon of all Industry. "We are not dealing with a theory," continued the report. "Publlo power ha made aerlous Inroads Into the electric business and todsv supplies Mbout 30 per cent of the nation' power needs." H was asserted that private power companies are ready, will ing and able to supply power needs ol the nation, and that the Interests of three million people who own stock In privately owned compan ies are being Jeopardized. The report declared there are signs that the growthof public pow. Ul! General Assembly to Act On India Plan For Var Truce By OSOOOn CARl'THKKS UNITED MATIONS, N. Y, Of India's plan for bringing peace to . Korea heads for final approval to day by the full U. N. General As sembly. Once okayed it will be sent on lor an already promised ..rejection by the Chinese and North 'Korean Reds. The Assembly at lis plenary ses 'alon this afternoon was expected to give the Indian resolution the same overwhelming endorsement Restaurant Man Loses Dollars PORTLAND Ml A retired restaurant operator who likes to carry $100 bills, reported to police Tuesday that he lost $3600 In down town Portland. - Cread L. Jeffries. 75. said the money was wrapped In brown pa per and it apparently slipped out of his pants. A son, William B. Jeffries, who said he was walking with his father at the time, confirmed the reported loss. MINERS BURIED IPOH, Malaya l.f Four Chinese miners were buried alive recently when a cliff landslided Into their mine and covered an engine shed in which they slept. A fifth man escaped with minor injuries. It was the second such tragedy in the past tew weeks in landslides caused by recent heavy rains. Four Chinese also were buried live in the first disaster. it received Monday over bitter So viet bloc opposition in the Political Committee. The committee, exhausted by more than a month of heated ar gument on Korea, brought 53 West ern and neuiral countries together in a solid bloc to approve India's compromise prisoner of war plan over five negative Soviet bloc voles and an abstention by Nation alist China. Delegates expected the vote to be Identical In the Assembly, fol lowing a brief debate. Further fire works were not expected, since the Assembly action Is merely a formality and speakers usually are required to limit their arguments to from five to seven minutes. The amended Indian resolution calls 'or a four-power commission and a firth-power umpire to nanaie the repatriation of all prisoners on the Western principle that they will not be forced to return home if they don't want to, and nrovides for the U. N. to take over all those w-ho remain behind if their fate hasn t been settled In four months. Once passed. Assembly Presi dent Lester B. Pearson of Canada sends it to the Red Chinese and North Korean commanders and urges them to accept it as quickly as possible so an armistice can be effected. Even the author of the plan. V. K. Krishna Menon. expressed doubt that the Reds would accept it. but he said India would continue to keep in contact with Peiplng in an effort to find a way to bring the warring East and West together in an agreement. er Is being slowed as a result nt I lip battle being waged bv private industry "and by a Utile baiter public understanding of the Is sues.'" However.'" It added, "the dan ger remains acuie and substan tial." It was charged that proponents oi public power have not for the most part presented their case honestly. Power projects have been dis guised as flood control. Irrigation, navigation, reclamation and even 1-1,- U,lnPai. Ih. l,i. ! kept confused by mixing power with proper governmental func tions. But In recent years there have been proposals where the issue Is clearly drawn between pri vate enterprise and government ownership.'" The Hell's' Canyon project on the Snake River In Idaho was called such an instance. The report said a private com pany serving the area wants to develop the power potential i.f the river bv building five low-head dams, to be constructed as the power Is needed In ihe area. The federal government Plan Is o build a huun single dam at a aw ol t'Kt) million, "The real purpose," (iiild the re port, "la to export the power Ui Ihe Pacific Northwest and use. this as Jessup Leaves Government WASHINGTON W Dr. Philip C. Jessup, State Department trou bleshooter and prime target of Sen. McCarthy R-Wis. Is leaving government service the day be-1 fore the Republicans lake over. ! The White House yesterday made : public Jessup's letter of resigns- j Hon as ambassador-al-large, dated Oct. IS and effective Jan. 19. as well as President Truman's letter of acceptance praising the retiring j diplomat for his service. i McCarthy repeatedly has as-1 sailed Jessup in his charges that the State Department is influ enced by Communist sympathizers. Among other things, McCarthy has accused Jessup of having a "strance affinity for Communist , causes." Jessup repeatedly has de nied the accusations. 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