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
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what do all
these figures
mean
US
MX
7 -Z W
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"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?" . .
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etember Federal Deposit (oieraaai Corpmltotl