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About Herald and news. (Klamath Falls, Or.) 1942-current | View Entire Issue (Jan. 13, 1954)
HERALD AND NEWS. KLAMATH FALLS. OREGON PAGE SEVEN US National Sets Mark In Deposits (being: requested at . the annual meeting to be held January 19, to to 8.000. Capital ould be la creased by (2.000,000. bringing It ts nass nnnn a nrnnfKal tn increase J16.000.000. Distribution of the the capita, stock by 100.000 shares. Te adSnal share Tor The proposal would increase the eaci, seven held on record January With a gain of well over 24 mil lion dollars (luring the past year, the United States National bank marked tip a record deposit total of (661,810,744 on December 31. creased since the December ' 31, offices throughout the state. Holly wood branch in Portland was opened in February, Hermiston branch was added in August and the Beaverton branch in Septe ber." 1952, report and now stand at 1229,- 038.115. ; . . ' One .of the leading banks in the nation and the largest in Oregon, The Klamath Palls branch re U. S. National lists total resources ported deposits totaling $14,456,868. .61, according to W. A. Huggins, manager. . of S716.847.b08 as compared with t6E8.416.816 a-year ago. . - "With more than 75 per cent of U. S. National stock owned by Ore-gonians,- this bank is truly home owned and home operated." The shareholders of the bank are Id The U. S. National added three new branches during 1953, bringing to 44 the total number of banking Total loans and discounts also in- n'rnMFSnAY. JANUARY 13, 1954 pass upon a proposal to increase number of shares from 700,000 '31. i n i iiuif J.llJl llJlJiJ IIJJJ.I IS x -A IN 6 ET Sv r AT THE AIRPORT when Kiwanii 4-H Club Potato King Rex Porterfield left for Wajhin ere his parents, Mr. and Mr. L. L. Porterfield, and Leland Cheyne, eenterr 1953 pres of the Klamath Potato torowers association. , ngton dent Southwestern Wheat, Cow Raisers Object To Support Proposal Proposed By Ike rum ntia. IJI Southwestern Khest and cattle growers, in m initial sampling of opinion, have registered a one-sided rejection of President Eisenhower's proposal to abandon rigid high-level farm price supports. Of more than SO farm spokes men to appear Tuesday before touring members of the House Ag riculture Committee, not one spoke in iavor of the President's plan ol flexible supports. This included representatives of ill major Oklahoma farm organi zations. As the committee headed for Waco, Te.x Wednesday for further sampling of sentiment in the wheat and cattle country, committee Democrats predicted the Presi dent's plan of flexible farm price props was doomed in Congress. "President Eisenhower made a fatal error in asking for a sliding acale of price supports in this area, stated Rep. Albert (D Okla). "He can't sell it to farmers In the cotton, wheat and peanut growing country." Cotton, wheat and peanuts are three of the "big six" basic com modities now supported by . the government at 9 per cent of par ity. The others are rice, tobacco and corn. While Republican members con tinued to be non-commital, Chair man Hope (R-Kan) said the farm price support issue appeared to be matter of "details rather than principles." Other GOP committee members Indicated that they regarded the political timing of Eisenhower's program with elections coming up next fall, as one of the "details." A spokesman for the major Ok- Italy Boss Plugs Away :ROME IJ1 Premier Designate Amintore Fanfant Wednesday con tinued his second round of consul tations aimed at forming an Italian government. The 46-year-old Christian Demo crat, who was given the mandate Tuesday by president Lulgi Kinaudi, met Iirst ol all with parliamentary leaders of his own party. Tuesday night, the central com mittee of the Christian Democrat Party, ' whose secretary is former Premier Alcide de Gasperl, issued a communique in which it stated that the party- stood solidly he hind Fanfani. - most elegant by far !' of any new car... Mow'54 Now tt Dfoplar1 Cam in mnd it r your friendly Podge dealer'! Pporwliied in easy-fo-trect marked itc tionj...DUIVRD Kit TO YOUR 10TI LOOK AT THESE CLOSE-OUT CASH PRICES! 11x24 1-ladraxn H.mt , $ 16x14 1-lidrum Hmt 7tS 43x14 l-l.dro.nl Dupl.K ... Can be uteri m 3-laam H.m. 91x14 1-l.dr.om Duplex . ,$U lahoma farm organizations t h e Farm Bureau, Farmers Union and the Oklahoma Grange presented a united front favoring continua tion of the present system of rigid price supports at 90 per cent .of parity. Save for the' Farmers Union, farm groups also opposed direct supports of price guarantees- on cattle. Farmers Union witnesses urged 90 per cent supports on cat tlo and other perishables as well. A number of individual wit nesses, some of whom traveled all the way from Kansas and Texas to have their say, lent colorful emphasis in their dissatisfaction with any change in the present farm program. One was Fat Hamilton, of Fargo, Okla., a weathered cattleman whose trousers were stuffed into high boots and whose white hair was put in a braid at the back of his head. "I went broke under Coolldge, under Hoover In 1929 and I'm damned if I want to go broke un der Eisenhower," he rumbled. Bill Lance, a wheat grower from Perryton, Tex., told tne comlt- tee that "In Texas we'd like to be rugged individualists but we wouldn't like to be ragged indi. vidualists. ' Niles Gibson, who said he farms 400 acres in Mcpherson County, Kan., declared: "We farmers voted for Eisen hower because he said in several of his campaign speeches that we farmers were entitled to full par ity. "The Eisenhower program for the sliding scale is the same as no program at all. 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