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About Herald and news. (Klamath Falls, Or.) 1942-current | View Entire Issue (Aug. 21, 1958)
THURSDAY. AUGUST 21. 1958 HERALD ANT) NEWS. KLAMATH FALLS. OREGON PAGE 7 C I 'I (I iV B m if If I Ifl Geneva Pact Hailed By Dag UNITED NATIONS, NY. (AP Secretary General Dag Ham marskjold today hailed the Ge neva agreement on detection of nuclear tests as a solid accom plishment which may have a sig nificant impact on the whole dis armament problem. He sent his personal congratu lations to the scientists from the West and the Communist world who had negotiated on the com plicated technical aspects of de tection since last July. "Your successful resolution of questions connected with the pos sibility ot detecting violations of a possible agreement on the sus pension of nuclear tests will . . . be a signal contribution in mak ing an effective dent in the hith erto intractable problem of dis armament," Hammarskjold said in his message. He called on the governments concerned "to follow through the opening" created by the scientists. CHARLIE McFARLAN is shown getting first-hand informa tion about the juvenile furniture he talks about on the radio every day. Harriet Redden of Harry Hafter Furni ture is demonstrating the sturdiness of a youngsterVcrib. "See? No sag and no rumple." McFarlan is being a "show me" customer as he wonders just what Butch could do to that bed in the course of a warm summer night. Nike Mobile, Army Reports EL PASO, Tex. (AP) - Nike antiaircrSft installations can be flown to trouble spots around the world, the Army says. Ft. Bliss here said two Nike Hercules batteries were trans ported from Ft. Bliss to Eglin Air Force Base, Fla., in a mobile test. The rocket weapons and 500 personnel left El Paso in mid June, fired six missiles in July and returned to El Paso last week. "Any piece of equipment in the system could have been hauled in a C124 Globmaster," said Brig. Gen. John Snodgrass, Ft. Bliss deputy commanding general. He said the Nike Ajax is even more mobile and can be set up and ready to fire within two hours. Improvement Funds Dropped WASHINGTON (AP)-Funds of improvements along the Siuslaw Hiver in Oregon were among tnose eliminated from a supple mental appropriation bill through action of a Senate-House confer ence committee. The conferees eliminated funds for seven water projects carrying a total of $1,925,000. They had been added to the bill while it was pending in the Senate. The Siuslaw project was listed for $50,000. . 1 SIX PERISH FLORENCE, Tex. (AP) A licadon auto collision near this central Texas town killed six per sons early today. Military police at nearby Ft, Hood said the bodies of five mili tary personnel had been taken to the base. Identifications were not available. ICC Begins' Safety Check DUNSMUIR - The Interstate Commerce Commission began comprehensive truck safety check in uunsmuir this week. Howard O. Gaston, district super visor of the ICC, is directing an inspection team which is checking compliance with mechanical and weight regulations. All trucks com ing under interstate commerce rules are being stopped and the teams .are set up to operate on a 24 hour basis. ' The California Highway Patrol has assigned men to assist the ICC. Gaston said the Dunsmuir operation was planned in the San Francisco office headed by Dean F. Noble in cooperation with Dis trict Director Frank E. Landsberg ot the Portland ICC olfice. On Monday . 152 trucks were checked from 9 a.m. to midnight with 44 icitations given for defective equipment. The California Highway Patrol said the truck drivers were only having minor delay. The only time a bottleneck was experienced was when the West Coast Shows came through from Yreka and 10 trucks were sidelined with 22 citations given. The word has been passed along so there are not too many over loads, according to the highway pa trol. Rangers Save Teen-ager YQSKMITE NATIONAL PARK, Calif. I AP) Teen-ager Bill Beegh lev. who perched nearly motion less for 18 hours on a foot-wide granite ledge 600 feet above Yose mite Valley, was rescued yester day the hard way. Park rangers, who unsuccessful Iv tried to reach him from below, finally sot to a ledge 250 feet above him, slipped a rope around him and eventually hoisted him atop a 3,000 foot cliff. Rangers kept the 17-year-old Long Beach, Calif., high school senior awake the night before By yelling at him through loudspeakers. Beeghley. hiking with four com panions, had attempted a snort cut around the face of Firefalls Point, slipped on a rock and found himself stranded on the narrow ledge. FOR PEACE .SAN DIEGO. Calif. (AP) The secretary of the Navy says the hydrogen bomb is not really an instrument of war and has only one sane purpose to deter gen eral war. Thomas S. Gates Jr. told $100-a-plate Republican party dinner: "If war should come, the hydrogen bomb will have failed and the cost may be the end of all civilization. BEQUEST BOSTON (AP) Because he feared any bequests might be confiscated, Norman Levin, for mer Boston businessman, has cut relatives behind the Iron Curtain from any share in his $110,000 estate. Levin's will left the bulk of the estate to Brandeis Univer sity. Waltham, Mass. The will did not identify the rel atives or their homes. " 'H J -S TULELAKE BOY, Roger Takaci, right, a member of the Tulelake 4-H Club, proudly exhibits his grand champion 4-H lamb to sheep judge henry tootr, left, at the Siskiyou County Fair. Ruddiman Photo American Can Walkout Ends PORTLAND (AP)-A three-day walkout which had halted produc tion at the American Can Co. plant here ended today when workers reported for the 7 a.m. shift. Basis for settling the strike was reached Wednesday night by ne gotiators, who agreed that a dis pute over disciplinary measures should be handled through regu lar grievance channels. The strike began Monday when United Stcelworkers of America members refused to report for work in protest over the discipli nary action by the company. m 1 f ts, Drivers May Form Co-op By THE ASSOCIATED PRESS Bus drivers who last their jobs when the City Transit Lines quit operating buses in fcalem and h.u gene may form a drivers' co operative bus company. Joseph Katty, business agent for local 1055 of the Motor Coach Employees Union, said in Port land Wednesday night the drivers discussed such a co-op at Wednesday meeting. City Transit was succeeded by a new firm, Cascade Transit Lines, and buses began operating again in Eugene. Service still has not resumed in Salem. Ratty said the drivers' group is making inquiries about buying or leasing equipment with a view toward giving the transit patrons of Salem-Eugene the service they are entitled to. KOLSTEIN COW that is two times grand champion 4-H dairy cow winner at the Siskiyou County Fair is shown here with its owner, Jim Brooks, Grenada 4-H Club member. Jim won champion senior crown with' her as well as first place in 4-H dairy showmanship this year. Ruddiman Photo DINNER FOUND NASHVILLE, Tenn. 1AP) Mrs, Ilerschel Erwin had more guests for dinner than she had steaks She went to a market for more, found it closed, and headed home Her car hit and killed a 500-pound steer, one of a trailer-load which had wrecked nearby. you are invited to our Trunk Showing of IfDTH MOOR il coats and suits the Fall collection of ROTHMOOR will be her Friday, August 22, 9:30 to 5:30. Chat with Mr. Slottow of ROTHMOOR, an expert in color, fashion end fit. He'll show a comprehensive sue range for every figure. FRIDAY, AUG. 22, 1958 - 9:30 to 5:30 "the best ploce to shop . . . ofter all" As Money Market Tightens Treasury To Borrow More Republicans Pick Contractor PORTLAND (AP) - Richard Hill, 31, a Portland plumbing con tractor, Wednesday was named a Republican candidate for the state House from the North City sub-district. Hill was appointed by the coun ty Republican Central Committee following the resignation of Mrs Elizabeth Sailor. She had won a ballot spot in the May primary medium term government election. I ties NEW YORK (AP) A tighten. in2 monev market and. rising in terest rates are shaping up today as business lays its fall plans ana the U.S. Treasury gets set to bor row more money. Effects on you as a consumer, instalment borrower- or home builder may be farther off, even if inevitable. But for the business man it's a more immediate problem. The season is at hand when manufacturers should step up their borrowing to produce the cars and gadgets and finery for the fall markets. Merchants will be borrowing to order and carry stock for the autumn and Christ mas trade. Food processors will be needing funds to finance the long journey of this year's bounti ful crops trom the larm to tne merchant's shelves or freezers. And if the recovery signs grow stronger after Labor Day, borrow ing may increase for the rebuild ing of low inventories and the pro duction of more goods in antici pation of better times ahead. The tightening of money and the rise in interest rates currently is confined almost entirely to the short term money market and to securi' ties Bank loans to business and ag riculture haven't shown much change. The volume of the loans is still well below. a year ago. Po tential borrowers apparently are still waiting to see if the recovery signs mean much or little. Money has been tightening in the short term market for two rea sons: 1. The Treasury has to raise large sums as the predicted 12 billion -dollar deficit develops. Uncle Sam's need for new money has affected the price and yields of Treasury securities already is-sued. 2. The federal reserve system is afraid that business recovery will set off a new inflationary, boom, and is tightening the mar ket if only psychologically by raising the margin for stock traders and by letting the San Francisco Reserve Bank raise the interest charge for any member bank that might want to borrow from it to make loans to busi ness. One of the big fears is that If the money market doesn't calm down before money becomes too tight and borrowing too dear, the recovery which is now a gleam in the business eye will be still born. Ml- THE REASON h ! Iff ROGERS ARE iVeEV""' n 111 "famous for Jranflfeass-fe---- i RUlG DIAMOND MVXL ll YVv VALUES SK 1pZ$C&SSS5S-'-- 1 II . , t "W" ". - II Mt wltk HM tlwke quality. Ill I W ' 'L" "e. tfrnHh III I 11 eeem 1 '111 Mmtai velMl lit I n WSSW7 JlWNOMONWDOWNI M . . . . - - FOR THE PERFECT SCREWDRIVER FLEISCHMlfS VOM 10 PROOf. 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