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About Herald and news. (Klamath Falls, Or.) 1942-current | View Entire Issue (July 19, 1954)
MONDAY, JULY IP 1954 HERALD AND NEWS. KLAMATH FALLS. OREGON BLANKET EVENT STILL GOING ON , Uie Our Convenient Lay-Away Plan For The World's Finesf lisrskeK. Year Choice of ilea kats ef AH Typ. YOUR PREVIEW OF NEW FALL FASHIONS! mum all Fabrici Etator Strvtc Ts AIE Fleers Store Hours: " ' Mon.-Frl. 9:305:30 Saturday 9:005:30 TAKE ADVANTAGE OF PENNEY'S NEW, FALL PRICES .... nn n New F I iy-v-'-"- ' , c,. ,d .. i I STEEL FRAMEWORK of a cattU brn en the Tule!ak-Bue Valley fairgrounds wat ready to be lifted to potition by thil erine. In the background, comfort station nears completion. Senate Committee Probes Military Housing Projects WASHINGTON Wl The Senate Banking Committee today turned to the 1950 military housing lav ' in its hunt for irregularities- 'in the government's 'many sided housing program. The committee, headed by Sen. Capehart (R-Ind), summoned three builders who shared in a reported one-m 11 lion-dollar profit in construction of the Page Manor project' near the Air Force base at Wright Field in Dayton, Ohio. The builders were identified as Link Cowan, Shawnee, Okla.; Dav id Muss, San Antonio, Tex.; and Norman K. Winston New York City. . v ' The military housing program, commonly known as "Wherry Act" housing after its author, the late Sen. Kenneth S. Wherry (R Neb), was designed to stimulate -construction near military centers.! It operated in much the same manner as uie mucn-proDca gen eral postwar apartment program,! which provided government insur ance for loans to builders, with one significant exception: Builders of military rental hous ing worked under a provision which required them to certify to the Federal Housing Administra tion that their costs of construc tion were more than the amount of their FHA-insured mortgage. The mortgage was supposedly available on 90 per cent of build ing costs. Under the general program, now expired, no certification was re quired. Capehart estimates that under this section of the law builders reaped up to half a bil lion dollars in "windfall" profits by pocketing the difference be tween the loan amounts and ac tual lower construction costs. One committee source, asking not to be quoted by name, said that despite the certification re quirement, builders' profits were substantial in the military housing program, which is still operating. The profits were possible, he said, by a two-corporation device which would work like this Corporation "A" would get the FHA-insured loan and corporation "B" would do the actual building. When the project was completed, corporation "B" would charge "A" the full amount of the mort gage as construction costs, even though costs were actually less. Then corporatfon "A" could certi fy to the FHA that all mortgage proceeds were needed to build the project. The gimmick was that stock holders m corporations 4A and 'B"' would be substantially the same, the informant said. FLOOD HONG KONG m Communist radio Hupeh at Hankow said Mon day more than a million volunteers are working day and night to stem flood waters of the Han and Yangtze rivers in Hupeh Province. Sec how HELENA RUBINSTEIN'S NEW CONTOUR MAKE-UP changes shapes and shadows! f 1 i 5? Jt -J BEFORE Florence Cappel AFTER m mm her BEAUTY CONSULTANT will show you... give you a GIFT of SILK-TONE FOUNDATION... this week only A brand new kind of bc-wiichcraft, this technique of make-up... doubly wonderful because it praises your contours as well as your coloring... aging shadows seem to disappear and imperfect con tours seem to become ideal (see the before-and-af ter photos above) . Helena Rubinstein's own representative will fill out a chait for you showing how to make-up professionally . . . how to shape your chin, ' show off your eyes, make smiling young lips . . . and she'll give you a gift of Silk-Tone Foundation to start you on new beauty. But shell only be here through Saturday and our customers are wisely flocking in ... so come soon! Ph. 2-3475 for an appointment CURRIN'S-for d rugs ?th and Main Ph. 2-3475 J It's. iLAiiiiliit: I T 1 1. ii i ' . 4tMfrJv?fm. Si J UlrK iCTiMlli VBBr . : . f ' llT KYBER-TONE ... SOFT-TOUCH IC . . -w r -at niV : It . 3 & Si I" " l I II 1 ! . . - , -a -! it's rt r,-r . - W:? - rf'vi wbAm,, hit tea ? ? IT 'r V NEW COTTONS I ,-. T. WONDERFUL WOVEN GINGHAMS C1NCHAM GLAMOUR THAT NOW RESISTS WRINKLES, MACHINE WASHES! Pert, gingham plaids are on the honor roll of fashion from Sep. Icmber. to June! Gingham goes to school with class, stays at home; seems so "right-at-home," too, in smart bedroom essembles and eafef curtains . . . and it makes Father and eon some of the best looking sport ehirta ever! Pick your favorite patterns from bcot; Clan Plaids, lock-stitch fancies and Bermuda-type marlrat plaids in this fine wrinkle resistant, soft cotton that machine washes with nary a worry about shrinkage! 35-36 wide. 791 feci like softest flannels, art iik &fet ccN wer looks smait is tolld colenf fcefmen- izmo stds. It fetiont ides for mi- mefch fetK- lo, some Me I 35-36 79 1 FEHHEY'S OWN NEEDLE'N'THREAD BROADCLOTH PRINTS Tlis hihif itifUtl oren fltet Sfinfcffied, Mef carized . itoyi smooth and futfroui thru con- itanr waaringi and machine waihingi. Sea many. many prlnti as "new-oi-tomorrow" that will b true tewing insplratlom lor you I 35" wide. Maximum Shrinkogt I :49yd-' BUY NOW FOR YOUR FALL SEWING NEEDS!! FRESH NEW FAUICS FOR ESr SEW1MS NEED Se Penney ' back-lo-school fabric in their full vi ennr bsaufv . . .MWSt--: : ' 73 in WOMAN 5 HQMtiOMPANfON, August issCel (VVvWvVVWvWvVvVW PATTERNS PENNEY'S , . . YOUR HOME . FOR PATTERNS BY MeCALL AND ADVANCE, LATEST ISSUES VckyETY-SOFT PINWAL1 CORDUROY So soft, so rich, so easy to tailor you'll love it for Sports togs, tots overalls, distinctive-looking home decorating too! Wonderful fabric buy . . and note! Penney a?tfu?oy h machtne-wosfcac! Jewel colors; 36-37". $1 yd. Watch For Penney's July Clearance STARTING FRIDAY DOUBLE FACED QUILTED COTTON Now! ... a coiy quilted cotton thot takes the trip to your washer with ease, emerges fluffy, soft, and warm as aver. It's o natural for warm winter skirts, jumpers, rofe, alt manse? of item detection too! 35-36" wtdc $129 i i t. dt Vv--. s PEHIJEY'S OWN . . . 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Rate "A" In behavior, another "A' la lookI Ihey're machine 'anhable wrinkle resistant and shrnkaje rnntrsHed, And thai not ail, "Insulate? cotton come in the prettiest print evert 35-3S" ide. Hoi id Colors ,. iSc ?d DEEUTOHE , ACETATE TAFFETA 69c yd- Lustrous fabric you'll sew. Into formats, blouses, bedspreads drapes! It's a natural for all these, because you choose -Koiid coiorf esae-maic h Hist hafmomiine wstffs psters for & nsart effect'- See it , t and ask about the tfeho tone ualiij1 sis? rs too 4 ftl eiflel 44-45
