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About Herald and news. (Klamath Falls, Or.) 1942-current | View Entire Issue (Dec. 13, 1955)
TUESDAY, DECEMBER 13, 1955 GERALD AND NEWS. KLAMATH FALLS. OREGON PAffS KIKTBEN ) F r i - "The Irttto iwkhii expwetrwg rmu trteMl toMMhm about rumeing off eM rings Jt o Carta Friday ngMT" Christmas Buying Expected To Be Biggest In Nation NEW YOKK UP Ciuiatmu buying across the nation thla year is almost certain to be the biggest in history. Total retail sales for 1955 may reach 188 billion dollars an all time record. It repiesents a rosy picture ex cept tor one factor which econo mists are watching wit the great est care. Asnericans today are 13 times as much in personal debt, as they were ft) years ago. That applies only to installment buying debts for cars. TV sets, jewelry, wash ing machines, furniture, clothes. Half of this debt is owed on auto mobiles alone. On top of this personal credit debt, the amount borrowed on mortgages for homes has reached 85.6 billion dollars. The purchase of a home with little or no cash and payments over 20 to 30 years has replaced for millions the prac tice of renting. The total personal debt, credit danger. Tjiey note that loana are and mortgage, now stands at Holbein made on sound credit lines Europe Council Holds Meeting PARIS (Ur mi- Tta toy an at H ens-day isters of the 14-watkm CeuneU f rmnrimp at HUB cemrcJl a Coram Europe met today to map ntw irarmaa: Western strategy to combat the j. Gorman miittauittfr an Euro Soviet Union's apparent determine- pea sosuritip. tion to revive the cold war. Th meeting at the Chateau de la Muctte raised the curtain on a weeklong series of conferences among the member nations of the North Atlantic Treaty -Organization. The United States will be rep resented by three cabinet, min isters at the NATO council meet ing opening Thursday. The conferences are aimed at stepping up Western defense ef fort and bolstering European unity in the light of the failure of the Big Four Geneva foreign ministers conference and the current violent anti Western outburst of the Kremlin bosses. Chandler Gives Election Talk a. Admission of tnn msmbaro to the council, particularly and Yugoslavia. 3. Refugees and tfver-pofflJlalicU problems. 4. A report on progress made in the field of European economic In legratlon with special emphasis on a study of a European atomic pool. Wednesday, the seven - nation Western European Council of For eign Ministers will confer and the finishing touches to the reapprais al of Western. policy will be made by the NATO ministers council. Secretary of State John Foster Dulles, Defense Secretary Charles E. Wilson and Secretary of the Treasury George W. Humphrey are scheduled to participate in the three-day NATO Conference. Police Terra OMAH Wl Police termed the Ireii coM today and Detective ln ipcr Ernest roui tarn "tfe're wet hnaiwc for a areak" ia tfce gin t to af Omaan Uaitcrsjty ctti Oaraiya )cvin. lit. Vhss JKevins was 4m4 tour tiawn at ckxxj rmw last nutay aht oji ar anturitay iUar warkjHg fcu at flat KfevX Nfcrwy. xtituie staa bad a part-time brWd yestrrday. The iter. J B Kemwky, bar former pastor ami ao-.T ex Ens Mourns, eoljaaiswid lam- a a irl wtaove Lcte "wws ataorafrr fcriacafrad to (bs Lani" ttrrrtaCa key ctauvfe Mrark. A few boars UH, aofcne rw to&tgd oc $160 araraEwnrc kesod as x-4ajii driver pretoed op after hs had allegedly been heard to say in a tavern "I kilted tbc.4 bread." Tiio man agreed to tok a Re detector fcoet and Cnpi. AMn Clm- chara said the teat indi-aatad "toe was not responsible fw ttea Wit ing." Police heard a soeemi man. ar rested after, they said, he BTe Uiem several phony tips a-Bout hearing shots in the campus neigh borhood. They planned a lie de tector test for him today. billion dollars. It averages out to about $2500 for every American family. Actually, only about half of the nation's families are in debt so the figure for them la higher. But monetary experts are less concerned at the totnl than at the! speed with which consumers are J piling up new debts. Credit exten sions this year are running some I six billion dollars ahead of repay-j menu. ' ' ! Another consideration Is the widening scope of reasons for bor rowing. The public now is urged to take a European vacation and pay later, tend a son or daughter through college, finance a luneral on the installment plan. Income and sQvlngs, too, are running at record highs. But sav ings have - shown a dip over two years ago. Total consumer dispos able income in 1953 was 250 4 bil lion dollars and savings 19.8 bit lion dollars. This year. total income will e around 271.7 bil lion dollars but savings 15.7 billion dollars. The Institu'.s of Life Insurance figures that out of every $7 an America makes, he already owes $1 of it. There are varied oplnians amcejt eaenoejasls s to what tareat suck a eat o;es to the urn-all ecoaeroy. It is noted that swl a buy, new-pay later koom Is aimed exclusively American. tesrt til amee of foreiga nations aw fr. kEodMag to try mstall- wrya8. Ike geveumer.t has shown Its eeaeern over runaway Inflation by tiebtem; tin availability of mon ey te koiws and other lending agsentot. Men? kaakers and finance com roar efneials argue tkere Is little and point to all-time low levels of defaults and repossessions. The Prudential Insurance Com pany says it looks for consumer ATOMS FOR PEACE TOKYO lift An American-produced "atoms-for-peace'1 exhibition drew 358,557 visitors during its 44 day showing in Tokyo. , FRANKFORT, Ky. Ifl Albert Benjamin tHappy) Chandler to day solemnly promised Kentucky a state administration worthy of confidence and respect. The former baseball commission er, who staged a remarkable polit ical comeback to win the gover norship again after a lapse of 20 years called for cooperation and assistance in achieving his aim of good government. - Chandler, 57-year-old Democrat, said. "The elation of victory is weighted with the burden of re sponsibility. Pride is tempered with humility." His greatest possession, he said in his prepared inauguration ad dress, is the "confidence reposed in me" by Kentuckians. He was elected Nov. 8 to the office he held in 1S35-39 by the largest margin of any Kentucky governor's election 128.976 over Republican Edwin R. Denney. To keep the confidence and ''the love and the respect" of the state's people, he said he knows "I must conduct myself and the affairs" of the1 governorship so that, "at all times, I shall be worthy of the con fidence and respect which I now enjoy." And. he declared, "the adminis tration which I shall lead must be and it will be free of any sus picion of those things which de-1 fame and degrade." j . Chandler referred to the ad-! dress as a broad outline of "the I things which I hope can be ac-' compltshed in the next four years. They included improvements in education, highways, health, care of the state's wards and parks, and development of industries and agriculture. I That Reflect . . . All. Year Round! Custom Made MIRRORS OF FINE Pittsburg Glass . . . DOOR tV MANTEL ' GLAMORIZE YOUR HOME THIS CHRISTMAS WITH MIRRORS! KIMBAL GLASS SHOP L'S The NEW N0RGE Are Here! ANY FABRIC SAFE IN WATER IS SAFE IN A NORGE Wmi KATES FIRST! Never Before At T1im frictt Both For Only Ad Your Old Woiher ' o Ihhet My l( Prtn4 UnnfiHj ' CO 5 DOWN f AYMINT - (Aft ttRMS o O o O O. G 0 no fV 0 rWo 43 eW Ntnft Ojyej AE eOOA TELE-PLIANCE CENTER llth & Walnut CTj Q- .L.gJ RADIO TV - APPLIANCE R EPAIR SERVE ALL MAKES - . Phone 7J09 ATTBfTION HOME CRAFTSKffK! HOWIE i DUZZIT TtMn't fUUMl tgrprli lor ovory mD-H-YwmK" l Yac, H'l WnJ now mafwl mvid f tip nd idi (or ntMeiymtn and wamtn, too H combined In uttful, t ttetlv calondar you cn hnf up in fhvt nomt for qwick tact ccuratt roforonco. W UWtg you t comi In and flot your "Mow To Oo H" caUndkr t our ioro now. H'l frool LUMBEH Corner So. 6th & East Main Ph. 8167 spending to rise 11 billion dollars in 1968. It believes gains in In come and savings, coupled with a tax cut, would easily offset any dip In consumer credit extensions. Meanwhile, the consumer goes his merry way. He seems confi dent of the future and, when he spends money and readily bar Is in that frame of mind, he I rows to augment his earnings. Eliminate Slippery Driveways USE CINDERS FROM GRAHAM BROS. PHONE 554t TRUCK SERVICE The most Complete between Portland & San Francisco Factory and OTI Trained Mechanics . Motor - Transmission - Differential Overhauling Heavy-duty Front End Alignment & Wheel Balancing Complete Tune-Up Service . Body and Fender Reconditioning Frame Lengthening and Fish Plating Brake Service and Drum Turning Drive Lines Rebuilt Steam Cleaning Complete Lubrication Service-We work qn All Makes For Hard To Get Truck Parts, See or Call JKKOAND TOUCH SALES and SERVICE, Inc. 11th and Klamath, Klamath Falls Phone 2-2581 ' l ' I J . ; - - - - -- 1 ' ' if :ff -:'-v. !z& &: -. ."j- : -1- r- PWM) et . fh irie answer is me same o Thousands have asked us why "It's tin Wttr" Since 1896 we have been tcllinp westerners nboit trt fm ater that flows cold and clear from our deep art.M J41s one of the world's few sources of naturally prfect le'intp water. In years gone by, Olympia's Masfer Brewers attempSrd to duplicate the quality of Olympia Beer another locations, using other waters. Thevesults never satisfactoily approached j the unchanging quality and 4he delightfully refreslong. flavor you rely upon each time you have a glass of Olympia. Tha?is whjPwe confine the brewing of Olympia Befi to one Cplant at the site ofawr artesian wello, and why Olympia has won its reputation as a superb beer of consistent good taste. 0 Azs tne Water that makes the dirrerence Q o Many have found th9 answgr in the Encyclopaedia . Heio isht HocfiB'yclopeda Britannica says tout the importaigo of ftater gpbrewing: o "l5ecr onfijfvegage ctiluins sigrle 91watg. It is there fore not surprising that the character of the beer is to a large degree determinfl by th nature of the water used in its production. IffJact, for many centuries the past certain localities intiopc?such as'Burton-o(n-TrenJJ rGsen, Munich, Dortmun anibefthers have enjoyed the reputation of producing ales and l)eers of distinctive character which could pdnot duplicated elsewhere. The secret, unrecognized for a ng time, lay in the peculiar composition of their waters." O Vuitcrt art alwav$ wtlcomt to "Ont o America't Exctptional Brtweriei." Olympia Brewing Company, Olympia, Wathington, U.S.A., 9:30 to i;30 every day. '0y' Ml o o 9 O
