TUESDAY, DECEMBER 13, 1955
GERALD AND NEWS. KLAMATH FALLS. OREGON
PAffS KIKTBEN
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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
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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
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Ihhet My l( Prtn4 UnnfiHj '
CO
5 DOWN f AYMINT - (Aft ttRMS
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no
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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
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-:'-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
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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
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