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.
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