Herald and news. (Klamath Falls, Or.) 1942-current, July 30, 1958, Image 20

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Herald and news., July 30, 1958, Page 20, Image 20

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Newspaper Page TextPAGE 10B HERALD AND NEWS. KLAMATH FALLS. OREGON WEDNESDAY. JULY 30. 1353 America Termed Master On All Types Of Credit By ELMER C. WALZER I PI Financial Editor NEW YORK, IITI'-This na tion has built up (he worlds greatest manufacturing economy with credit ranging to the "dollar down dollar when they catch you" iinancing. Instalment credit that is. Also, we are past masters on all kinds of credit government as well as private. This credit stuff could well he our secret weapon in beating the Soviet at a trade war now gain ing scope throughout the world. S. J. Rundt, a consultant on in ternational business, not long ago said that in other words to the National Association of Credit Men. "One of the great weapons of trade is credit," he said, "and credit competition is where we could easily lick anybody. "We are accustomed to check and administer credit, terms and collections, as no other country in the world. "Moreover, the Communists op erate as stale bureaucracies and have no private credit adminis tration of the sort which has he Eugene Plans Roundup Fete EUGENE (Special) A purse of $0,000 and a special all-around cowboy award of $500 will bring many of the country's tup rodeo cowboys to Eugene August 1-3 for the four performances of the Em erald Empire Roundup. The $500 prize is new this year, and offered by the Oregon Golden Triangle Association to the top cowboy competing in roundups in Klamath Falls, Eugene and I'nne ville. Cowboys must compete in all three rodeos in order to qualify. Bigger this year than ever before the Emerald Empire Roundup will offer four rodeos instead of three Friday and Saturday nights and Saturday and Sunday after noons. There will be two buckaroo breakfasts, from (I a.m. to noon, on Saturday and Sunday. The gi ant Roundup Parade, which last year drew 40,000 spectators, will be at 10 a.m. Saturday and the Roundup Dance will be at 9 p.m. Saturday, All events except the parade will be at Lane County Fairgrounds. Guest stars for the Roundup this year will he Rusty, Rin-Tin-Tin, and Lt, Rip Masters. Also on hand will he Shin Pickens, star of movies and television; Mel Lamb ert, the nation's outstanding rodeo announcer; Mack Barry, rodeo clown; the winner of a "Queen For A Day" show in Hollywood; and other rodeo personalities. Slock will he furnished by Chris tensen Brothers, and will feature "War Paint" recently voted the world's top bucking horse. come an integral part of the blood circulation of our free en terprise system. KNOW-HOW "Not only is our financial pow er, on all levels throughout our land to the Potomac, and from the smaller banks in our thous ands of towns to the skyscraper financial institutions in our big cities, far greater than that of even the combined Moscow-Pei ping nioc, we also have more know-how than the Reds in what to do with commercial credit." Of course, he couldn't expect U.S. companies to give dirt cheap long term credit since business is in business to make a profit. He would have the government take a hand and go along with private enterprise to help finance foreign trade on easy credit. He would center the operations in the Department of Commerce. In the war against Communism in world trade, Rundt would merge the efforts of business and government. "To achieve the sorely needed close coordination," he said, "it would above all become necessary that all the many government agencies in the foreign economic field establish a common infor mation and co-alignment center. BASIC WEAPON "Once a measure of cnordina lion has been achieved, let the representatives of industry, com merce, financo and government come up with a detailed plan to give Business, to give the field divisions, full use of a basic weapon, namely commercial cred it, so that we will not sit on the battle field with only heavy artil lery, but also have on hand an instrument that can he carried bv the infantryman without whom, I venture to guess, no war will be fought, not even in a nuclear age. Let us be practical; let us be open-eyed; and last, let us make use of the finest pieces of ma terial in our economic arsenal, namely credit, to meet and beat the enemy who has set out to un do us and our freedoms." Business and financial experts believe the Russian inroads Into trade will be one of the big proh ems immediately ahead and in riications are more will he heard from it in the most distant fu ture. "Would you mind digging me up a eon of worms?" De Gaulle Completes New Draft Of Constitution Jaycees Will Attend Classes Yreka Auto Court Sold YREKA One of the pioneer aulo courts in Siskiyou County is ahnut to step aside for progress the construction of a new super market by the Safeway Stores, Inc., it was disclosed Thursday, July 21, by Harry Millette, owner-manager, o( the Siskiyou Ter race Motel in Yreka. An option has been l;iken by Safeway on the land upon which th"! motel and Penury's Court Gro cery are located, verification of the option being released by J. W. Case, real eslate man of the Safe way company of Sacramento. Millclle, who has operated the motel for the past 10 years, sold all buildings and equipment of the 5125.000 business, 'lhe buildings will be removed from the site by September 25. Millette will contin ue operation p( the motel until ptler the Labor Day weekend, and l'enney's Grocery will continue to do business during the cnnsliuetinn of the new supermarket for live or six months. Prior to the time of purchasing the motel, Millelle was associated with Chris Cralt Corporation in Igonac, Michigan, where he was born and educated. Millette plans to construct a 12 line bowling alley on properly lie has purchased south ot Yreka Millette stated that plans for the pew bow ling allev. w hich w ill be the lust one in Yreka. have ill ready been started, and he hopes that construction will be complet cd by Jmuary 1, 1M.VI. Contract Ends Labor Dispute KANSAS CITY AP'-Thc Flight Engineers International Assn. and Trans World Airlines ended a Ions labor dispute by sicnmg a two year contract yesterday. The new agreement covers about 700 llisht cnsineers in both propeller and let airliners. TWA and the union previously had agreed on all issues e.xrcpl job security and qualifications. A joint announcement did not spe cify terms of the contract. A TWA spokesman said he did not know details of the wace set tlement. I'nion olluials were una ailable for coTiment. O People Read SPOT ADS - you ore Soul hern Oregon Jaycce officers will go to college for n few hours on Wednesday night. Officers from District 10 will attend an nlficers' eadership forum at Southern Ore gon College in Ashland at 8 p.m. John Heilbronner. Klamath Falls. state vice president, will he harge of the program and Corkv Cornell, a national director of the Jaycees, of Burns, will be present This is the first of this type of meeting held in Southern Oregon. Clubs that will be represented in the District 10 meeting are Klamath Falls, Klamath Reserva tion. Ashland, Medford, Central Point, Eagle Point. Grants Pass, and possibly Lakeview. Jaycce members from Klamath Falls who will attend are Warren Parr, president; Ted Rose, vice president; Tommy Thompson, sec- ctary; Wayne Plaisted. slate di rector; Jerry Slusser, past presi dent; and Bill Opie, committee chairman. Heilbronner is from the Klamath Reservation Jaycees. By CHARLES M. McCANM UPI Foreign News Analyst Premier Charles de Gaulle has completed the draft of a new con stitution under which he plans to revolutionize France s governmen tal system. The constitution is to be submit ted to the people in a national referendum on Sept. 28 or Oct. 5. Political experts predict it will be approved by a comfortable ma jority and possibly by a landslide If so, France will get. on a per manent basis, an "authoritarian" government like that which De Gaulle is administering under his temporary powers. Ihere are indications De Gaulle may dissolve the present Parlia mcnt before it can start its next scheduled session on Oct. 7. If he does, he will call for an immediate election so there will be a new Parliament as well as new constitution. So far. only the Communists have announced last-ditch opposi tion to De Gaulle's proposed new deal. The Communists are lhe strnns- est political party in France, with HM seals in the 5-member Na tional Assembly, the controlling iiouse oi i-arnament. Communist Leader Maurice Thorez has ordered his party winters 10 organize opposition uirougnoui ine country. The Socialist Parly, which ranks second lo the Communists with 101 seals in the assembly, is somewhat lukewarm on the con stitution issue, though it is repre sented in De Gaulle's cabinet. But Ihere is no sign it will come out in tirm opposition. Under De Gaulle's constitution the powers of the president would he increased at the expense of the National Assembly. Instead of being largely a fig urehead as at present, tlie presi dent would get stronc executive powers like those exercised by the presiacni ot ine United Stales. The president would get the power to dissolve the National As sembly and call for a new elec tion. He would appoint a premier by his own authority, instead of merely proposing him to Parlin. ment for approval as at present. In times of national emergency, lhe president would be able to di rect the government. The cabinet would still ho r.. sponsible to Parliament. But the powers of Parliament lo over throw a premier would be sharply constitution is approved, De Gaulle may resign as premier and assume the presidency. This appears to be increasingly likely because of the approval De Gaulle's policies have won since he took office June 2 after a 13 year succession of cabinet over throws. De Gaulle wants to solve the Al gerian problem, strengthen the country's finances and increase its prestige as a world power. He could best deal with Algeria and finance if he kept the leader ship himself. As for prestige, De Gaulle al ready has made a pretty good start toward giving France a stronger international standing. He is having a full sav in Allied discussions on a possible sum- mn conierence with Kussia in. stead of permitting France to be overshadowed by the United States and Great Britain. And he is being listened to by the Amer ican ana British governments. TOUGH NUT TO CRACK FORT SMITH, Ark. (UPI) Squirrels are usually crazy about nuts hut Mr. and Mrs. E. L. Nutt of Fort Smith, don't quite agree.! Squirrels are tearing up the! Nutts roof. i JJioreare reports that If the "TayloTj Income Tax, Our Specialty Open 9 A.M. to 9 P.M. Monday thru Saturday Phona TU 2-2772 Seminole County. Fla.. nrnduees one-fifth of all the celery grown in the U.S. Many Veteran U.S. Oilmen Help Build Sahara Empire HASSI MESSAOUD, Algeria, AP) A score of veteran Ameri can oilmen are helping build an oil empire in the Sahara sands with Utile faith in the success of the venture. "We were brought here to teach Frenchmen the oil business but no one listens to us," is a stand ard complaint of American oil men here. All complain of a bitter anti- American feeling throughout this oil site where 3.000 men work in the middle of the Sahara to real ize France's dream of becoming an oil nation. "They act as if we were here to take over their oil," said a tool pusher from Los Angeles who asked that his name not be used. "All I can say is they can have it. The way they run things here, there won't be anything left here in a year but sand and abandoned derricks." Many Americans working here believe that the potentialities of the Hassi Messaoud field have been exaggerated for political pur poses. But derrick supervisor Paul R. Downs, of Bakersfield, Calif., says "It's an oil field that can produce." There is a lot of bitterness to ward the U. S. oilmen among young French engineers and tech nicians, many of whom fear that their lack of experience is too ob vious alongside veterans from Texas and California. "They (Americans) act as if they were supermen." complained one Frenchman. "They can't be lieve anybody can do anything better than they." "The French are jealous of our skill and our experience," said an American technician. "After all, we've been in the oil business for 100 years and they only five. And they refuse to understand this." In the camp's air-conditioned dining room the French eat in one group, the Americans in another and a group of Moslems by them selves in the corner. "They refuse to learn French and insist on speaking English to us," complained a Frenchman. "After all, this is a French ter ritory." "You can't do anything about all this," observed Billy McBride of Fort Worth, Tex. "They're just anti-American." m 4" Rubber Ring Sewer Pipe 45' J Par Ft. Ring Included As specified for your South Suburban Sawar Connections. Use 4" Rubber Ring Pipe, the Proven Product that Coite Lan. Peyton & Co. 835 Market St.' Ph. TU 4-5149 SCOUT NEWS TROOP NO. Boy Scout Troop No. 9 will hold recognition services for all boys who advanced in rank or earned merit badges at camp, at its reg ular meeting Thursday night. -All parents are asked to attend. Re freshments will be served by Troop No. 9 Auxiliary. The Automobile Club of N e w York reports that 55 per cent of vehicle-miles driven in U.S. are connected with earning a liveli hood and 13 per cent with shopping. EARWIG Control Call Bakers Nursery TU 2-3 167 3616 So. 6th Street Borrow Quickly... With Confidence it WALT BINGHAM invites you to take advantage of the new services available at Suburban . . . see how easy it is to make Suburban your money prob lem headquarters. If you are pressed for time, phone for a loan. Walt Bingham, Manager LOANS $50 to $1500 Free, Convenient Parking Lot by our door. Open daily till 7 p.m. - Saturdays till 1 p.m Suburban Finance 3910 So. 6th St. Town & Country Shopping Center Ph.TU 4-6089 Ready for your bigger, tougher jobs! him SPARS' f f5 Another.. .bigger..! Forward Control 'Jeep' Truck It'n llir romp mnrr powerful, ( I otmii Jrep MM 70 I Irlelv new, 7,0011. pnuml d (inntrol riirk: Mnrr rnrfit pnrr nn lew whrellme! 'Moot pirltiip m on a heelhae only mi hr loop. Red 1 onlr 27-mi Ik from pround fnr htv homing rjir of loading. V'm ad. jinrrH tlrign! I'tn'T in Kntward (.onirl iiti'n fnr tifdlrr command of an ilming iiuaiion. .Nrw high fr 'Mng-lojui ntti unit rrnhilitv ! 4- her I dme traction and 'Jeep' "Ronvwhfre"maiiritverabil' ily furry bulky payload up tn 3."H0 pnund to area or dinary inirW ran't reach. Other nut landing feature! performance-proved, hi eh t"npie Hurricane f -2?h engine pai iou afetview rah hi wraparound indhield with pouf-r lakf-ofl. ti operate a wide range ol prnal equipment. ;FC170 Get an on-the-job demonstration at your 'Jeep' dealer! Tune-in MAVERICK Sunday afternoons 4.30 PM BASIN MOTORS f V Yesrour hats are off to the good people of this community for helping to prevent forest fires! In Cooperation With The Klamath County Keep Oregon Green Assn. This Menage Is Brought To You As A Public Service By The Following Firms. BRADY'S BROILER SPECIALIZED SERVICE CO. LOYENESS LUMBER CO. DANT & WARNOCK, INC. MERER BROTHERS CRATER LAKE MACHINERY BLY LUMBER CO. WEYERHAEUSER TIMBER CO. ROCKY POINT LUMBER ASPHALT PAYING COMPANY ELLINGSON LUMBER CO. PUCKETT & SCHERER HOLLAND SHEET METAL J.W. COPELAND YARDS FRED E. BARNETT CO. WALKER RANGE PATROL ASSN. J. W. KERNS Klamath Forest Protective Assn. 424 So. 6th Klamath Falls, Ore.