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About Herald and news. (Klamath Falls, Or.) 1942-current | View Entire Issue (April 8, 1954)
THURSDAY, APRIL fl, 1054 HERALD AND NEWS, KLAMATH FALLS, OREGON PAGE SEVEN Motor Clinic Visit Planned Cliovrolrt'i uKnt-miHlmii o 1 1 n Ic lor uund our uixl trunk; rcccin tilllonlllK Will Vlfilt Anlllry Cllovio Icl, 410 Hn. illh 1 1 1 in work mid next. The anmihilly ci'liiru c'liFVinWil trnclor-lrnlh-r unll l ono of n Ileal ol niKlit now Inivi-llim throuiih Chovroltt'n milcn itkIoiin. 'llioy r mimni of rxplulnlnK ncl (Iciimn ttmtliiK to triHlninhljiM tho lino ol llio lnlr.t equipment, mulnilnlfi mitt mellioiln III iiunllty Uncd citr end truck reonnilllltmliiii, Tile IH-tnot nlniiilmiin Irnllrr ol each mill In outfitted with I lie mora numnlete net ol emiliiivirnl ol IU kind nvnllnble millUHonl In llnel! to coinnleloly recondition it unl cur or Irtwk. Tim miulpinuit 1m.II In mobile mid l loaded una uii' loaded by n liydiimllc lilt tull nine on tho trullor. Tlio clinic in illicit-' llio direction ol rrKlonul 1'kcoiuIHImiiIiik liinlruc lor who completed, In Uoti oil, me moat comprehensive ti nln Inn uouihC ever developed on the subject ol recondlUoiiliiu. This noivlce la made nviillsulr by Chevrolet nuotlirr menus ol uliilliii denlorrihlntt In ninuilnn buyer of llio deiwndnulllly unci value of uned vehicle Uiey acll un der the Innimni "OK", the nymbol ol quality unit Inleifrlly that linn been the cxclualvo mnrlc ol Chev rolet dealem lor morn than 30 yean, according to John Anhley. Eugene Radio Rejects GOP Request EUGENE lUdlo alallon operator Oordon Allen doenn't plan to give the Oregon Itepubllcnn Party Iree lime to annwor Iran acrlbed broadcanta made over hi atatlons by Sen. Wayne Morae lindl. Ed O. Bonhnke, stale Republican chairman, charged that Morse's broadcaata, used by IS Oregon matlona, Including three owned by Allen, attacked the Republican Parly, llf aald the party would consider demanding; treo lime to nawer Ihem. But Allen, who operates atatlnna l Lebanon, R.lrm and Cottage drove, aald ho did not consider the Morae broadcast attacks on the Republicans, but rather were report to the people. He aald he will not accede to a Iree time de mand. MOBILE MOTOR CLINIC schedulod to bo at Ashloy Chovrolot this week and next. Tyrone Power Gives Reason For Refusing Movie Roles lly BOB THOMAS HOLLYWOOD M Tyrone Power today sprang to the dclcnse ol him self and other lop mule stars who have been accused ol partly caus ing the production slowdown in Hollywood. An Independent producer recent ly rushed Into print with state ment decrying a lot ol top slurs lor refusing to work. This has helped stall filming In Hollywood, he clahnc-d. He also asserted that ho senl John Wayne a MOO.OuO check to do a picture and It was returned uncanhed, Another producer claimed to have sent a 1300,000 check to Clnrlc (table for a film commit ment. It was also sent back. Why would stars turn down such fabulous oilers? Ty Power explains; "Supposing Clark had taken that $350,000. When It is added to his other earnings, he'd probably dct to keep $15,000 or $20,000 out ol It. 8o the salary itsclt doesn't represent any great prollt. "Qui It's not just a matter ol money. Actors like mysell, Wayne, Oable, Oiiry Cooper, Burt Lancas ter, Kirk Douglas and others named by that producer whose name es capes me right now no longer have studio contracts to protect us. Reserve Pay For .'53 Told Approximately hall a million dnllum was paid to members ol Oregon U.S. Army Kuservo units lor evening and summer training periods timing I0A3, It was an nounced this week by Headquar ters, Oregon Military District. Of the $1311.103 paid Oregon reservlals In 1063. $238,1100 was re ceived for attendance at evening drill and training periods and $145,287 for summer camp train ing periods, It was stated. These lliturcs do not Include ac tive duty pay received by a num ber ol Oregon reservists while at tending Army service schools throughout tho United mates dur ing the year. It was explained. "The approximately hall a mil lion dollars received by members ol reserve units throughout the state of Oregon means a great deal to the business men of the stale," said Colonel Alfred E, Mc Kenney, chief of the military district, "Although the principal Interest ol the reserve Is training members to III them to efficiently defend this country in tijno ol an emergency, the pay received lor the linuilug helps to bolster the economy ol the stale through the extra Income lor Oregon mer chants and businessmen. "At present the organized re serve uiiltii In Oregon are at ap proximately onc-luurth the author ized strength," continued Col. Mc Kcnncy. "An rxwnslvc campaign Is being continually curried on to Induce veterans mid non-veterans to Join units and participate In toe training and benefits, llnanclully and otherwise, they receive as members of an orgonlzed unit. If Uic.tc units were nt full strength It would mean approximately two million dollars annually coming Into tho stote through reserve training pay, Increased interest and participation in tho organized reserve program would thus ben efit both the individual and the state as a whole." For STORAGE CALL Klamath Powder & Equipment Inc. 350 Spring Ph. J-3181 Hoodlums Damage Motorist's Car TEMPE, Ariz. M Jerrell Brooks shouted at a car which had made an Illegal turn In Ironl ol him. The car turned around. Four youths Inside forced Brooks, an Arizona Hlate College student, oil Uie highway and beat him up. Then they drove Into hl car, causing $85 in damages. City Training Plan Abandoned OREGON CITY W Oregon City's plan ol training police as llremen and liremen as police was called oil Tuesday. The experiment, which lasted only four days, never Rot "whole hearted cooperation ol personnel Involved," City Manager Robert Clutc reported. ' . He had the city's two prowl cars equipped with lire extinguishers and the 12 police olliccrs trained In fireflghtlng. The city's eight lire men got training In police work. Bolh police and firemen objected. Clutc said the plan, designed to Increase mobility of the lire de partment and the strength of the police department, had the approv al of the city council. Clute added that he had viewed the plan as a long-range economy through great er efficiency. "The only real security we hnvo In our talent. Our livelihood de pends on getting good scripts. II we are willing to do Just any pic ture In order to make money, we might llnd out eventually that we have hurt our chances to continue earning good money. It's not the salary thai attracts us; It'a what Is between the two covers ol a script." Power illustrated with his cur rent film, "Tho Long Gray Line." Although ho and John Ford Irishmen both wire long at 20lh Century-Fox, they never did a, pic ture together. Tho director always swore he would tlnd a script they could do together. He finally found It at Columbia, the story of Marty Maher, long-time athlstio trainer at West Point. Ty ngos from a young man to 70 and talks with ft brogue. Don't be surprised If ha gets a long overdue Orcar for the role. M D3w $2S For America's Smartest Custom 4-Door Station Wagon " V J Tn MM.Waa4lialUUI, ar, Ml. SEE THE NEW HaAk.TtamhIet,fL CROSS COUNTRY Look at our new low price for the "hit car" of this year s auto shows. The new 3-in-l Rambler for family work, play, travel new from rooftop "Travel Rack" to Twin Beds inside. New, longer Rambler wheclbase. Up to 30 miles a gallon. Other new low prices starting at $1550 for a deluxe family sedan. Come see the greatest values ever offered! HITCHCOCK & MOSHER, 312 Spring St., Phone 7771 9th orei Pin Phono 3373 , l li J I jfr - ; 1 -V M ' ' " - V'r '-".kly n.', j S.l)Ai;' ',; .; iMrafcW . .""!'- ; ., , ; :. Lid fa mjiihi in, i ii uii,-, y 1 1 ,Xy what do all these figures mean US MX 7 -Z W Easter Shopping Is Quick and Easy With Wards Big, New Catalog When you shop ol Wards you ean savt Hmt and energy by shopping our new Catalog too. This wonderful book lists ever 100,000 quality llemi. You'll find lattit Eaiftr faihloni, ilyle-wlie suits and imarl acctitorlei. There's a wonder ful selection of exciting patterns, new fabrics and bright sparkling colors In sizes for avery member of the family. Nolle Hi low Ward Catalog prices too . net only on clothing but throughout the entire; book. See almost every need for your family, home and car. When you've made your selections, ust call our convenient, direct line Catalog Depart ment phone number. If you don't have our Spring and Summer Catalog now, phone or visit our Catalog Department and ask for a library copy. It will be yours to shop In the comfort of your own home, without obligation, for 2 weeks longer, If you wish. Try this quick and easy method of doing your Easter shopping today. "Well, Son, that statement is The First National's way of telling its customers exactly where our money is." "Wow! A hundred and thirty-four million dollars in cash!" "Yes, like any good bank', the First keeps cash on hand for any of its customers to draw out as they need it." "Look at the loans! Three hundred and fifty-four million dollars. Is the loan we got to fix up the room irsvthe attic in that?" "It certainly is. That's an important part of banking, too. The boss got a different kind of loan when he put in that new equipment I'm using at the shop. In a little different way, the bank makes money available for schools, highways and other things by buying bonds issued by towns, counties and the State of Oregon. When you lump all the loans and bonds together, you sec that First National helps a lot of different people do a lot of different things. That's what your economics teacher calls "working funds'." "What's that big figure that seven hundred and forty five million dollars?" "That's the total resources of the bank. Compare that with previous reports, and you see the First is growing fast. Just like the shop, when the new equipment was in stalled. Next time we expand, it will probably take a bigger loan. Oregon needs a fast-growing bank, to keep up with its business growth." , "Hey what's this 'Liabilities' stuff?" "That's simply a method of showing that First National THE FIRST NATIONAL BANK OF PORTLAND CONDENSED STATEMENT OF CONDITION Resources Monhsi, ies4 Caili i Hand ond in tank, $134,090,853.01 Unitf Slot., Gov.rnm.nt Obligationi, Direct end Fvlty Guaranl..d 1 74,32 J.673.M Stat., County and Municipal Sondi and Warrants 46,500,373.44 Othw tonds and S.curVi.1 4,433,461.62 uans ond Discounts 234,00312.91 Other loons fGuaronte.d or Insured by th. Unit.d Stat.s Gov.rnm.nt or its Agencies). 99,784,249.80 Accrued Interest Receivable 2,584,010.31 Bank Premises, Furniture and Fixtures and Sale Deposit Vault 8,694,135.20 Other Resources 1,778,342.79 TOTAl RESOURCES $745,883,417.02 Liabilities Capitol .- $15,000,000.00 "Surplus 20,000,000.00 Undivided Profits 9,276764-28 Total Capital Funds $ 44,276,744.28 leserve (or Possible loan losses 2,435,440.07 This raiarv. it te apply egotnit eny loan butt that may dev.lo. In th. fvtvr.t It hat no, bHi allcatd te eny particular loans or typo of loam. SD.mand J434.003.I38.12 "w'mm J So.inj, and Tim. 255,287,478,70 489,290,614.84 Interest Rec.ivvd in Advance 4,598,043.49 Reserve for Interest, Taxes, Dividends, etc.. d 3,994,152.69 Other liabilities 1,286,379.67 TOTAl UABIUTIES $743,883,417.02 Sharoholdors have approved Q Sle.OOO.000.00 Incroew In capital fund, through Ihe sol. to iharoholdart of 400.000 iharo, of additional ttock st 540.00 pr share. This capital increase should be oftaclive about April 13, IVJ4. owes that money to someone. For example, when you put your summer earnings in a savings account, the bank owes it to you." "Hey, Dad I wonder if the money I put in savings at First National is part of the money your boss borrowed for your new equipment," "Probably is, Son along with a lot of other peoplc'i money." , "How about the loan you got to buy the family car? "Could be part of your savings are in that, too." "That so? Hmmm. Say, Dad, if you don't plan to use it, mind if I take our. car tonight?" . . FECiOT rJATIOrJAL BANK CHOOSE EASTER NEEDS FROM .WARDS CATALOG Or POJFtXJL AND "lirs IUI10 OKEOON TOOfrHff etember Federal Deposit (oieraaai Corpmltotl
