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About Herald and news. (Klamath Falls, Or.) 1942-current | View Entire Issue (Aug. 3, 1958)
PAGE A HERALD AND NEWS. KLAMATH FALLS. OHEHON SUNDAY, AtTGUST 3, 1958 Market Hears Inflation Talk As Stock Hits 500 FRANK JENKINS Editor BILL JENKINS Managing Editor FLOYD WYNNE City Editor MAURICE MILLER Circulation Mgr Ph. TU 4-4752 c Entered as second class matter at the post office at Klamath Falls. Ore., on August 20. 1908, under act of Congress. March . 1879 SERVICES: ASSOCIATED PRESS UNITED PRESS . AUDIT BUREAU OF CIRCULATIONS Serving Southern Oregon And Northern California Subscription Rates CARRIER I MONTH . $ 1.50 6 MONTHS $ 9.00 I YEAR .. $18.00 MAIL I MONTH $ 1.50 6 MONTHS $ 8.50 1 YEAR 115.00 Too ooI By BILL JENKINS If any of the hunting and fishing fraternity are feeling down in the dumps over prospects or past per formance 1 suggest that Ihey get bold of a current issue of Field and Stream and read the piece hy Frank Dufresne about the pros pects in the Pacific Northwest. "Big and booming" are the words he uses to describe the two state area of Oregon and Wash Ington where there is angling every year and hunting most of it. One is sort of left wilh the im pression that it is unsafe to step out on the front lawn for fear of being run down by a mighty bull elk or badly cut up by a migrat ing band of mulelail. The days are aomelimes dark and awesome, but this is due entirely to the clouds of ducks and geese winging on their way to the many public shooting grounds where the hunt ers are waiting for them. Fish are measured with the aid of a yardstick (no fisherman com plete without one) and the only problem faced hy the sporting man Is making the decision as to wheth er he will fish for battling steel head, flycast for Deschutes trout, take off on the trail of the huge- antlered elk or pussyfoot after deer. Mr. Dufresne goes to great lengths to point out the vast acre ages of federal ownership with their resultant benefits to the sportsman. He mentions several times the large numbers of public shooting and fishing grounds. He paints with a broad brush, viewing his canvas through a pair of rose colored bifocals. I would not be inclined lo argue all of the points presented in the piece. In fact,' I can go along with quite a few of them. However, there has to be a limit. Of course writers of this type of thing are placed in the same boat as Ihe fellows who announce base ball games. Never say an unkind word. All the players are great fellows, full of fire and an example 10 American youtn. Aiiee same travel editor stuff. Give 'em what they want to hear and soft ped al on anything discouraging. In snort, use Ihe good figures, not the had ones. I can agree with the author that there is probably as much if not more hunting in the two slates as you will find in any other given area. The same holds true (or fish ing. Probably even more so. , But I would lake a bet at rather long odds that should some noviti ate of the outdoor life, perhaps roll ing in new found wealth, read this piece he would come Fteaming into the Pacific Northwest with a great ly Inflated idea of what waited for him. Sure, lliere are fish that need a yardstick to do Ihe measurement justice, just as there are spectacu lar duck shoots every once in a w hile and bull elk shot on the road where you can drive the pickup right up to them. But these things are not the norm. They arc the exception. Read with a certain amount of caution, however, and wilh n salt shaker In easy reach I think it is perhaps a good piece. It goes' a long way toward slarting the imag ination to running again. And it certainly deals with a pleasant subject. Somewhat Utopi an, true, but pleasant enough reading. illlV(llillN By FLOYD L. WYNNE It was a great pleasure earlier this week In publicize the fact thai three lfi-yoar-old Klamath Falls boys helped save the lite of a fi-year-old boy in Upper Klamath Lake. All loo oltcn. the aits of vanda lism or crime mat leon-agors com mit make the headlir.es, but the good things they do go unpub lished. However, a sobering note last week also was the report of a gang of young vandals on (he gin Avenue. I have on hand a letter which I received several weeks ngn from Klamath Falls mother regarding Ihe juvenile problem. She has signed Ihe letter, but for obvious reasons wanted mo to publish it without her name. That I can't do because it violates our requirements for letters to Ihe cd llor. However, in going over Ihe let er. I must admit that she has some very important points that I think should he passed along, and I would like lo repeat some ol the letter. She leads off her letter with. "The hue and cry is out across the country again regarding juve nile delinquency. And who yells the loudest? Four groups of peo ple: those wilh no children, those with small children, saddest of all. those whose children are grown and whose memories have dimmed to the portentousness ol youth, and Ihose who won't give five cents nor five minutes toward constructive aids. "I have raised four, two who became delinquent and two who didn't, therefore, I feel justified in speaking my mind about a few things," she continues. She goes on to point out that Webster defines a delinquent as being a transgressor, or one who goes beyond the limit. She also says, "Here in Oregon we have a law which forbids pern sons under 21 to purchase ciga rettes. By actual check nearly half the students at KUHS do smoke, yet not one of them is old enough to purchase cigarettes. Ev ery time a juvenile lights a ciga rette he is being a delinquent. "Some years ago I was em ployed in a place where I refused to permit students to buy ciga rettes from a dispensing machine, nor would I supply them with matches. Not one in dozens acted belligerent. On the other hand, my employer complained loud and long about all the money I lost for him. Now, my heart bleeds for anv businessman who has to resort to crime in order to prosper." She continued her letter saying "For every child who becomes a delinquent there is at least one adult who deserves blame. We parenls can teach our children it's wrong lo smoke, and it's wronc to drink, but as long as there are delinquent adults who will sunnlv these items, parents are rather helpless. "Aside from cracking down on Ihe erring adults, do I have a guaranteed solution to offer"? from my own experience. I'll of fer a couple suggestions. One thing that the kids themselves beg for more publicity lor their eond deeds and less glorified headlines for their misdeeds. in me nisi place, do away wiui uus mionigiu curlew, espe cially on school nights. There is no child who has any business out that late at night. He can go to a movie, stop at a drive-in for snack, and he home by 10 p.m. or he can spent the next two hours becoming delinquent in devious ways. "It's not easy for parenls to con trol their children when the city says it's okay for them to stay out half the night. Especially since Ihe midnight curfew isn't enforced! one Wednesday night recently, I counted 14 carloads ol teen-agers in local drive-ins after midniiiht. mumier solution can come irom the high schools. There should be a law requiring atten dance In school for the full school (lay, wilh no exceptions, and enough required Homework to keep stu dents occupied for a couple hours each evening. One of the greatest gripes about youth today is that Ihey have too much leisure time. Innumerable students at KUHS attend classes only two or tree periods then spend Ihe rest of the day wandering the streets. What a fruitful way to contribute to delioqucncy! "My two who became delinquent attended school half-days; the oth er two kept to a lull and busy schedule and their sihool was up permost in their thoughts. Speaking from experience, and Irom what I have seeo in other families, 1 believe Tit I should he' restricted lo seniors. When a child has a job, school becomes boring, secondary circum stances to put up with, interest lacs, and he often drops out he fore graduation. "Most assuredly it may lake (our In five years to get back to the lull day of school without dif ficulty, but when it has been made clear to a child that he must at tend without exception, school will become the institution of learning that it ought to be, instead of a place constantly striving for new ways to entertain its pupils." Again, let me repeal that this is a letter from a mother who did not want me to use her name, but did wish her opinions put in print for whatever benefit they may be. She has some good points. I find agreement that all too of ten the misdeeds instead of the good deeds of teen-agers find their way into print. This, in turn, can not be taken as a condemnation of the newspapers, however, since they do not make the news, they only print it. Di.Hiigri'onii'iit, Klamath Falls (To the Editor) As of July 30 your paper carried several columns about S. 3051, the amendment to P.L. 587. I shall make this as brief as possible, but I am sure the people of this coun ty should know the facts about 3051 which you and Floyd Wynne so ardently advocate. In the first place, you and Mr. Wynne must know, that you have no business attempting to influence people in the settlement of private property rights of citizens of this country. We are citizens whether you like it or not. Some of us on the reservation pay as great a tax either of you, perhaps more. We are willing to continue to do it and furthermore, contribute our fair share to this county's econ omy and the country in general. JTiis reservation has contributed more than 40 per cent of the gen eral economy of Klamath County and for all of 80 years and more. The Indians Have helped to do it wilh the stranglehold of the Bu reau of Indian Affairs, the politi cians and certain industrialists and business groups around their necks. Few people have the time lo fol low the intricate maze of duplicity and deceit which has stalked P.L. 587 since it's enactment, pnd your paper continues to report halt truths. Here are some of the facts. about S. .1051: First f ho amnnri. ment would shackle the sale of and cry nho"t greater fraud to attempt to legal ize the seizure of private proper ty? It is upon this basis, this so called "realization value" that the marsh lands will be taken: and any ef the unsold timber units. It isn't likely that businessmen will enter the market place and accept a clouded title to land for which they have paid their hard dollar, and which lands can be confiscated by a department of the govern ment because of some failure, real or otherwise, to comply with gov ernment rules and regulations. We are all for conservation but I wonder: Would Floyd Wynne and others like him pay for it through the nose? Why didn't he and the Ncubergers write their version of sustained yield into the statutes of Oregon when the latter team were members of the Legislature? Ninety million dollars is the maximum amount payable by the government for lands acquired by the United States. There will be no bidding. The secretary of agricul ture and fish and wildlife services will simply take these lands at the fictitious "realization value." On page 14 of S. 3051 provision made for a "different amount" to he paid for all of these lands, if a law is enacted, "prior to the proc lamation of the secretary of agri culture" when these lands are tak en. S. 3051 carries merely an author ization for appropriation of funds. It is not a money bill. Appropria' lions for federal funds must hur dle the Bureau of the Budget and the two appropriations committees of the Congress. S. 3051 provides on page 14, line 20 that "payment shall be made as soon as possi ble." These are some of the worst fca turcs of S. 3051. What about the loss of interest on capital, which is ours by right of law? What about all of the losses in timber mortal ity and huge administration costs out of the liquidated timber re sources? Last, but certainly first this Machiavellian scheme would be the . loss to us of our inherent rights to be free men and free women in this great American democracy! Let us hear no more, the hue protection of the By ELMER C. WAI.ZER I PI Financial Editor NEW YORK, (UPH Since the stock market industrial average crossed the 500 level there has been a deluge of talk of inflation. The subject has been highlight ed in many business and news publications. Brokers have talked about it. It all started a few weeks ago when there were rumors, entirely unconfirmed, that the Federal Re serve was abandoning its easy money policy to prevent a return of inflationary tendencies. That caused a sharp -drop in bond prices at just about the time a lot of novices had taken a flyer at free riding on an issue of gov ernment bonds. Newsweek in its current issue features inflation under the cap tion, "Booby Trap More Infla tion." Moody's slock survey notes that the Middle East crisis brought up the idea of a possible limited war with a decided inflationary twist. The survey holds that the chief danger to the market at this point is from deflation of that image. Standard & Poor's recently said the rise in cyclical stocks stem med from the twin forces of busi ness improvement and inflation psychology, both accentuated by the Middle East crisis. NO BARGAINS Barron's held that stocks are plainly not on the bargain coun ter and, even granted inflation will be allowed to run its classical course, earning power must re vive quickly and forcefully to sustain a continuation of the pace of advance of the past months. Financial world finds bullish psychology has been stemming from the undoubted inflationary They'll Do It Every Time I-. By Jimmy Hatlo our properly lo private purchasers with plans lo be prepared and submitted hy Ihem for approval and inclusion in Ihe conveying in struments," etc. Actually the com petitive bid clause is mockery thrown out lo deceive the public into imagining that the lands will be sold to competitors. The sec retary of agriculture must first approve the plan before the sec retary of interior will consider the bid: Thus our private property is further manacled. We have paid more than a quar ter of a million dollars for the ap praisal which the secretary of the interior approved and under which we "elected to withdraw or re main." The appraisal by the West ern Timber Services is, in round numbers, 157 million dollars. Now, you and Floyd Wynne and Ihe pol iticians would change that apprais al wilh an "appraisal review" in the hope of achieving some ficti tious paper value designated "re alization value." This you would do to legalize a fraud, and illegal ly seize our private properly, lie- niemher we voted in April after Ihe appraisal and under P.L. 587 to remain or withdraw. That was a vested right. Upon failure of Ihe reviewable board lo reach an agreement of Ihe "realization value" Ihe reali zation value w ill be determined by averaging Ihe values estimated by each appraiser. Was ever there a dealer fraud upon which to base a sale of private property, to set tle an estate? Was ever there a Poqo hildren's funds." More than one half of the 2,133 equities belong to the children. It is their equity which Mr. Wynne proposes to take under ficititious "realization val ue." I, too, suggest, most sincerely, that you as a faithful citizen to the American principle of "equal justice under law" . . . write to Ihe members of the Conference Committee on S. 3051, Interior and Insular Affairs Committee, United Slates Capitol, Washington, D.C. and express your opposition lo en actment of S. 3051. "Fire Sale," "Protection of Indian Property," "conservation" by people like Ull man, Neuherger, and Wynne is hy pocrisy. Hollow words . , . to in cite opposition to P.L. 5117. I challenge Floyd Wynne to a public debate any lime and any place on Public Law 587 and their proposed amendments S. 3051. Mrs. Wade Crawford 'Q9r,3 "V "Vat a:.u se..Y v fj f rn til Slioofing Story Klamath Agency (To the Editor) The Herald and News carried a story recently of an altercation, and subsequent shooting that oc curred in Chiloquin. Since that time I have talked to some very reliable witnesses to this aflair. uid I have found that at least part of the story is erroneous. The story stated that "the bartender was forced to shoot as he was threat ened by a man wilh a knife." Eye witnesses state that the bartender was on one side of the street, while the recipient of his bullets was on the other side. As the wounded man was an Indian, this type of story adds fuel lo fire of ill feeling that al ready exists between Indian and non-Indian peoples in Klamath County. I have heard hroadmind ed and intelligent Indian fellows state the opinion that the newspa per intentionally prints slanted stories to make the Indian appear the villain. In my association with the pa per, 1 have always found the news paper staff to he fine, honest per sons who printed the truth, regard less. I would like to believe that it was misinformation, raiher than intentional defamation. I believe that "freedom of speech," and "freedom of press" are two of our most valued rights, and should be respecied as such. Nelson Sharp 1H4T EXTR4 ROOM OM DIM BULB'S HOUSE--ME HIRED A C4RPEMTEC? FOR H4LF A Day TO OUT THE JOS' So WHEN IT TURNS OUT JUST LIKE THE HOMEM4DE LE4MTO IT IS, WHO DOES HE OIVE CPEDfT TO ? ' N4MED j7S feSs. WHO DID PLUMSOBHE J!?'' 3JSll V 1 YOU SAV I TOLD ME HE WAS I yy . nssvbuilt it? a carpenter- jSZJ OUJE-I JUST W' irl I TOOK HIM AT gSH W4NTEDVO0TO -- ju 3 sHhiV HIS WORD U.S. Given Opportunity To Face Facts Of Life By WILLIAM L. RYAN AP Foreign News Analyst Election of Gen. Fuad Shehab as president and prospective peacemaker in tormented Leban on gives the United States an op porlumty to face some Middle East facts of. life and possibly to rescue some of its sagging for tunes there. Oen. Shehab is in a position to help turn Lebanon into a sort of Switzerland of the Middle East- neutral in the quarrels between Arab and Arab, Arab and West erner and the two great world blocs. The role is logical for Lebanon. Indeed, there has been reason to believe that Ihe United States was somewhat embarrassed by the ar dor displayed by President Camille Chamoun in embracing the West-, ern cause. It was a case of Le banon supporting and defending the United states, or something akin to the tail wagging the dog. A large number of Lebanese. both Christian and Moslem, as pire to a role of neutrality. Many n Ihe rebel opposition, too, have ndicated that such a role would satisfy them. They see Lebanon's future contribution to stability in her service as a bridge between extremes in the Middle East. For ebanon, the role would be in keeping with tradition. Apparently Gamal Abdel Nas ser s intention with regard to Lebanon was to exercise control over her foieign policy. This will come about if the extremists lmnng the opposition have their way. But if Shehab can steer ebanon into an enlightened neu- ralily, the country stands a chance of remaining independent. llOllM United Press International WASHINGTON - llr. Milton Ei senhower, just 'eturned from South America, uriins a shift in U. S. fiscal foreign policy: "The imperatie need is for bankahle loans not grants in ery country visited." Goldfine Firm In Jam Again WASHINGTON (API - Bernard Goldfine's East Boston Co. is in trouhle with the federal govern ment again. the Securities and Exchange Commission said Friday it plans to take court action acainst the firm toi failure to file its an nual financial report by last Tues day's deadline. East Boston, a holding concern for various Goldfine properties. has had repeated trouhle with the hC for failing to submit over an ight-year period the yearly finan- lal statements required bv law. During a House subcommittee's ecent investigation of Goldfine's Healings, it was reported that the Boston millionaire's old friend. Sherman Adams, had made in quiries to the SEC in IMS about eourt action taken against East Boston because of Ihe late filinss. Adams. President Eisenhower's right hand aide, and SEC officials denied any pressure was broucht ;o bear. The SEC also denied that it made things easy for East Bos ton because of the White House inquiry. Nevertheless, House imcstisa tors contended a federal judge's fj.non fine levied against Ihe firm was Ion lenient. The United States, many Leba nese argue, would be shortsighted in insisting upon stamping Le banon indelibly with the Western brand. The announcement that Prem icr Sami Solh wants to contest Shehab's election should not be taken seriously. The premier has little real authority. Shehab is repeating his 1952 role taking over as a sort of care taker president lo offer a chance for compromise of a deep politi cal quarrel. He is unlikely to want to remain in the presidency (or long. Thus, what will concern Le banon s politicians now is the ex tent lo which Chamoun will exer cise influence in choosing the man who will succeed Shehab. A middle of the road Maronile Christian acceptable both to oppo sition and government forces is the answer. Perhaps American troops will remain in Lebanon while this is sue is being settled. If they leave before it is settled, the little coun try is likely to explode all over again. FIVE TO A BED! Ami they're the lurky ones five children crowded Into a bed that was made for one. Overseas, millions of children are growing up in hovels, be cause their parents, who once lived in clean well-kept homes, have had to flee from oppres sion. These are children who don't know what a sehnnl is. They're being starved mentally as well as physically. Already you have helped countless numbers through your gifts to the ovfrseas aid Programs of America's reli gious faiths. Please continue to support your faith's pro gram. Even a dollar can do so much. PROTESTANT Share Our Surplus Appeal CATHOLIC Bishops' Clothing Collection JEWISH United Jewish Appeal PuhUghrdaan puh'iettrvieair rn. eprrntinn vith T Atlvrtigtv I'mntril ttvH th Xru-nrtpr ,4f. rfrtnivo Exteutirr 9 Atttinn'ynn. FRED R. KRAUEL, D.M.D. Takes Pleasure In Announcinq That ROBERT L. JENSEN, D.M.D. Will Hereafter Ee Associated With Him In The Practice of Dentistry KLAMATH MEDICAL CLINIC 1435 Eiplonodt St.. Klamath falli, Cr. Pbon TU 2-5562 Governor Quits For Senate Race WASHINGTON (AP) Presi dent Eisenhower has accented Mike Stepovich's resignation as territorial governor of Alaska with strong praise for the Republican Senate hopeful. The President did not specifical ly mention Stepovich's reason for quitting the appointive job his quest for one of Alaska's two new Senate seats. But he told Stepo- vich in a letter released by the White House Friday: "Your proven ability lo work for the good of all Alaskans and our nation has been amply demon strated ..." Alaska is expected to become the nation's 49th state later this year after a referendum of Alas kans approves the terms of state hood laid down by Congress. waino Hendnckson. secretary of Alaska, automatically succeeds Slepovich as governor. factors in the outlook. Joseph E. Granville, analyst for E F. Button & Co., says that thus far the market has been telling us that the problem of inflation has been replacing that of reces sion. Any number of additional ex amples of this inflation discussion could be cited. And now there is a bit of evidence that it's spread ing what with steel prices in an upturn and the prospect of other price advances. However, there are warnings that inflation while it may be building hasn't become the force some people think it has. The current business and in vestment service of International Statistical Bureau takes that view. "There is little likelihood," says that service, "of any marked gain occurring immediately or even be fore the end of the year, assum ing no marked worsening of the Middle East situation." PRICES HOLD FAST "Despite the inflationary psy chology, generated partly by the huge federal deficit, there are no indications of sharply higher pric eseither wholesale or retail." Business and investment serv ice finds no inflation in residen tial building or real estate values, and it notes there has been con siderable selling of goods below so-called official quotations. Also the Middle East situation has brought only moderate gains in international commodities. The service holds that whil there is no marked inflation indi cated, deflation has run its course and it adds that inflationary fac- Inre am flaininff These factors include a possible. 12 billion dollar budget deficit, in creasing supplies of money, edg ing uo of labor costs, more liber al credit terms In the making, and continuation of agricultural support. The service believes corpora lions should do more buying and that they should give considera tion to further rises in labor costj in their pricing, and that real es tate operations can continue on a normal basis rtnnrtnnrtrflTnrrtnnrm LESSONS $ 1 25 Organ, Piano I Guitar, Accordion FOR BEGINNERS ARMSTRONG MUSIC STORE 3 Tim S. 6th TD 2-322 crush SMOKES PREVENT FOREST FIRfS! some basic facts about America's basic advertising medium ... the daily newspaper An average of 58,000,000 copies of news papers are sold every weekday in the U.S. more than packs of cigarettes, quarts of milk or loaves of bread. In our 4-county "Slate of Jefferson" there , are 28,072 copies sold every weekday. In ad dition to the 14,000 Herald and News copies there ate: Sacramento Bee, 3718; Siskiyou Daily News, 3528; The Oregonian, 2506; Ore gon Journal, 1783; S. F. Examiner, 1704; S. F. Chronicle, 535; and Redding Record Searchlight, 295. Also, copies of weekly papers in the four counties come to 7836, making a newspaper total of 35,908. Th daily newspaper it America's basic ad vertising medium because if Is basic in th iivit of its readers. Ever interesting, helpful, rnferowtiv if is welcomed as a friend of m fml? m heaes averywher. To sell thpie filit yr product or services, use th (jaily vjper as your basic medium of aserfsei!) nr- t
