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.
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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. Consequently
we farmers do not want a farm
program if thai is the best you can
do."
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