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
. . . H!SH COUNT
ROHDO PEHCALE
39c
Whatrvpr your swinff p!?astire
. . hcre'l a value-priced llish
rount teUon jwrfaJc that's
tmted and pro??i mathtnc
srteclion at ifint'y's esw ...
pe dirUr.ff juveisiie pjtSrn
trtps Bud fforai! 35-38".
.
"-'4 'lTf2f:
' W. .r ' t-rlrliv p
- l-'r':-' :
V
! f
f, , .
"4?, Tr!B e J "
V-.'. "3 4
NEVELTY FLANNELS IN
RAYON-ACETATE
1.19
yd.
Conversation-piece fabric in
elevrr new dfinicn . . with
raised, embroidered-look tufts!
Applique-fike motif! Oth.r in
tercatui patterns loo! H
, , , see how wonderfully It
1endi lUeif to tots' swirl? kirUt
iumpers, smart rastial fhios
for yau Aand-washable; cresse
rstsant 45-45,
8
v. i'i
fABSJC NEWSI
NOYILTUFT PRINTS
98c
Yd.
Penncy'i new glamour fabric!
Imagine velvety black tuft in,
osUlned In gsld conr, etched
on fine cotton ihai1 novrl
toft! Sew H into yards-ide
skirts, ether fashleus
and rpmernhpr, , H's rnathme
washable! 25-36'c.
PENNEY'S NEW
"REGULATED"1
COTTONS
98C yd.
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