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About Herald and news. (Klamath Falls, Or.) 1942-current | View Entire Issue (July 9, 1959)
PACK 2 A ' D AND NEWS, Klamath Falls, Ore. 'Thursday. July 9. 1359 ' Ayrshire, Broun Swiss, Gucrn-I py, Holslem and Jersey are the! principal preens 01 aairy cows in the United States. . NOW PLAYING! ' n,usl I I "J no matter U ' what the )jf, i i ? g" once or 4 Ik ftws 1 If you marry fri J ""you'U cheat J tI "I'll be waiting- call me up 4tG 1 when I'm l The Cru that Rocked THE VALLEY OF THE SUN.., ThistEakth is Mine!" M 31 TfCHNICOLOt, Seven U.S. Sp2CG...j Sample What Lies Ahead LANGLEY RKSEARCH CEN TER, Va. IAP)-The nation's seven Mercury astronauts, sampling what lies ahead for them, watched a miniature space capsule gpw white hot in thousands of degrees of roaring heat today. been scheduled for this summer, but now will'be slowed. However, NASA officials still claim that the 1961 goal for putting man up in a satellite will be met. 2. .NASA apparently is getting ready to. drop the Army's Jupiter It was a part of a demonstration i intermediate ranse ballistic mis for visiting newsmen of the man-sile from its present list of lour in-space program which the Na-j launchers to be used in connec tional Aeronautics and Space Ad-jtion with testing. Robert Gilruth, ministration is pressing "with ut- director of the Mercury project most urgency" at its laboratories said elimination of the Jupiter here. I booster "is under consideration " The capsule was a model of a"d that plans for further use had those in which the astronauts arelDccn ordered "stopped pending to ride into space orbit in 11)61. The : decision." The Army's smaller heating effect of air friction jg I Redstone rocket still will be used only one of the problems being!'" the Mercury project, for pro studied here in an effort to assure jliminary testing of capsules and their safe reftirn. That problem olne'' equipment, apparently has been solved. . 3- Under a change of plans, the The astronauts have watched 'lrst attempt to send a man aloft this and similar space flight ex periments for weeks as they pre pare themselves .for their first space excursions. They now know intimately all the problems the 11,000 degrees of heat on the out side skin of their vehicles as they come flashing back into the earth's atmosphere, the devices intended to save them if some thing goes wrong, the mighty com pressive "G force of gravity from acceleration and deceleration. During this first full-scale dem onstration and briefing for news men, officials also disclosed that: 1. Troubles encountered in re cent tests of the final combat ver sion of the Air Force's Atlas in tercontinental ballistic missile may delay NASA s Mercury manned-safellite program.' The De fense Department disclosed last week that its 'Atlas ICBM testing has been suspended while trouble is being corrected. Re-entry heat tests, using the Atlas booster had Ends Tonita aM;mtM-lliil(i(.liiiHI Starts Friday! Ther never was a motion picture like L. .1 I I ' . am .Acclaimed the greatest story 'I J of the West ever filmed! 'DENNIS THE MENACE" ' Hex i sot ah mA ; instead of seein' how aose ya m CAM COME, WW 0OHT YA KNOCK THE 6ALI IN THE GLASS ? ' in a capsule will be intended to put him into orbit, using the Atlas booster. Until now, the plan was to send men first in a compara tively short trip of 1.500 miles down the missile range from Cape Canaveral, Fla., recovering the nose cone capsule in the ocean. As the test program now stands, NASA scientists will begin experi menting late this summer with the "Little Joe" rocket launcher a squat cluster of solid fuel rockets . designed for measuring the reliability of equipment, with lest lirings from Wallops Island, Va. Following this will come cap sule re-entry experiments usine the Army Redstone rocket, thenjbiS exchanges. moving into tests in which chiin- Bache & Co. draws this con panzces ride in the capsules. When, elusion in a study of the trucking natfityuc 4m. rtaTy,itie. -rM S Trucking Industry Grows In Appeal For Investors By ELMER C. WAI.ZER NEW YORK lUPIl The na tion's trucking industry has grown to three times its size in 19115 and one of these days there'll be more of the firms listed on the me cntmpanzees have "test flown" the capsule, the astronauts will be ready for manned flight- some time in 1!M1. Gilruth told reporters that in industry. It says the trucking in dustry is the largest non-agricultural employer of labor with more than seven million employed di rectly and thousands more indi- Project Mercury "We do not ncedlrectly in truck building, tires, any new scientific breakthrough to accomplish the objective of sending man into orbital flight (But NASA docs have ahead of it 'formidable engineering p r o b- Iems" to perfect the equipment needed, he said. TICHNICOLOU Plui "Girlt of Pleow liton' OUN DAILY 7!00 P. i 111 lil U SHOWI like Wow! IT'S ALL BALL AND A Movie Screen Wide! SJlrVlORS I MBJfc Charges Face Top Criminal DES MOINES (UP!) - George E. Cole, 32, one of the FBI's lOiones, most truck firms and services The study includes details on ten of the companies which Bache regards as representative of the industry. Eight of them are trad ed over the counter, one on the New York Stock Exchange and one on, the American Stock Exchange. trucking field. It predicts increas ing mergers and consolidations among the smaller operators until all of them are absorbed. This move is expected to lead to increased equity financing by the corporations as they seek ad ditional funds. Thus the number of companies with public stock participation will grow and those who already have' some degree or public participation will seek listings on recognized exchanges and increase the shares in the hands of the public both through siock splits and new, financing. Larger companies are expected to take advantage of technological improvements, .thus reducing costs and increasing profit mar Bache notes that the industry. already cognizant of the import ance of coordination, strongly be- View Of Administration Pointed Up By New Rate WASHINGTON AP- A near record interest rale on govern ment borrowing pointed up today he Eisenhower administration's contention it must be permitted lo offer more for long term bonds. The Treasury announced Wednesday night it will pay near ly 4S4 per cent the highest rate in 38 years to borrow two bil lion dollars for a year. The rale was determined by bids. The announcement came a few hours after the House Ways and Means Committee approved, a compromise plan permitting Pres ident Eisenhower to set aside the 4'4 per cent interest limit which ihe law puts on bonds issued for live years or longer. The authority was limited to t'.vo years. There was no direct relation be tween the committee's action and the Treasury announcement There is no legal limit on the interest rates for securities lo be repaid in less than five years. Short-lerm interest rates nor mally are lower than those for longer borrowings. But Wednes- Jay's bids put the short-term rate nearly one-half per cent above the present legal maximum for bonds. The actual rate of 4.728 per cent compared with 4.05 paid in May lor the last one-year oflering. It of the fastest growing in the na tion. To date, the expansion has been internal with earnings plowed back, some little debt fi nancing and little equity financ ing. While there are a few large most wanted fugitives until his ar rest here Monday night, was to be returned to California today with his common law wifnjto face enarges oi Killing a San Francisco policeman. Cole and his wife, Yvonne Con ley, 45, both waived extradition Wednesday. Miss Conlcy is charged with being an accessory to the murder. Colo, .who first denied knowl edge of the killing, later admitted its possible that I did it, but I sentially small operators. The era of the small operator is coming to a close, the study indicates. ! "These small operators," says the study, "will find it increas ingly difficult, if not impossible, to operate profitably and lake ad vantage of traffic potentialities of their routes and service areas. "A company cannot operate profitably without mod.-rn equip ment, as well as mechanization of don't remember." He said he was terminal facilities and accounting drunk at the lime California authorities were to fly the couple to San Francisco. Cole was arrested at the service station he operated here under the name of James E. Walker. He was taken before U.S. Commis sioner James Bennett on a charge of unlawful flight to avoid prosecu tion. Sgt. Joseph E. Lncey was shot lo death during a holdup at a San Francisco bar Dec. 30. lil.ifi. Thomas Hamrick is serving a lite sentence in San Quentin Prison for his part in the slaying. Ham rick has accused Cole of firing the two bullets that killed Lacey. Jute LAKUM ant Fiilurini th Rockln'ait Stars f All! RULAMA WnW R0r WHOOH WIMV MART7NDALE 1 DEW REESE -THE ROVALTfeEfVS Feature: ft2nd Big Unit LIFE BEGINS AT0 mm FEATURE 10:10 ONLY 3rd BM ifWT FIGHT I BETTER 1 cm 7i FILMS' Los Angeles Roasts In Heat LOS ANGELES UPl-A sum mer heat wave hit Los Angeles Wednesday, pushed the tempera ture up to 02 to tie the year's high and is expected lo bring a high of 05 degrees today. Moderate smog which covered the basin area will return again loday to plague residents, accord ing lo the Air Pollution Control District. Hot weather covered many nearhy cities with Arcadia' report ing a high of 93, Monrovia 92. Glendale 94, and San Fernando Valley 99. In the desert areas. Palm Springs recorded 113 de grees and El Centro 112. I.n.inp II.., L Bache rales the industry as one , '""" ween u ,u the trucking industry and the ra roads is the only solution to the country's transportation problem. . "After witnessing some hesita tion while the phenomenal growth factors were being digested," the Bache study notes, "Jhe trucking industry is again ready to accel erate its growth pattern. 1 "Widening public interest in Ihe equities of this growth industry should result in a progressively more liberal capitalization of earnings and earnings prospects." Incidentally, if Ihe truckers wished, they could give the rail roads a real run for their money. Trucking companies don't have the giant debt load the railroads are carrying. They can get into spots the rail roads cannot reach. They don't have to buy land for, rights of way. The nation's improved high ways, make their business grow procedures, all of which are ex pensive." Bache believes the future Kill see large companies dominate the Solon Urges Acre Limit WASHINGTON (UP1) Rep. John F. Shelley iP-Calif.) urged Gov. Edmund G. Brown Wednes day to work for a 160-acre limit on distribution of water from state reclamation projects. Shelley said in a telegram to Brown that he intends to join oth er congressmen in efforts to strike from Ihe House version of the San Luis bill a section which would exempt California from the lfio- acre limit. The Senate knocked out Ihe ex emption when it passed the bill May 12. , "I am a firm believer in the limitation," Shelley said. "I feci thai you as governor should have Ihe Legislature adopt a limitation law." i Shelley said inclusion of the Cal ifornia exemption in the San Luis measure would be "tantamount to repeal" of existing' reclamation law. and they also are helped by tech nological improvements and mass production methods in capital goods industries, free reciprocity among the states, greater weight and size limitations, and the ac celerated pace at which industry has been decentralizing '. since World War II. These (actors, coupled with our rapidly increasing population and the mass exodus into the suburbs have made the trucking industry a most vital factor in our econ omy, Ihe Bache study says. "There is every indication that the pace has not slackened but rather that it will gather even greater momentum in the next I decade." It adds. Project Probe To Continue, Say Officials SAN FRANCISCO (UPI) - Cali fornia oflicials staled Wednesday that Ihe Department of Water Re sources intended lo keep. investiga ting possibilities of a state hydro electric project on McCloud River. Water rights were held up after a resolution was passed in the As sembly June 18 asking the depart ment to make such a study. Pacific Gas & Electric and Cal ifornia-Oregon Power Co. oppose each other in a fight to secure the water rights for the controversial project. William R. Gianelli, acting as sistant director of engineering for the stale, said "It is 'presump tuous' of the Department of Water Resources to rule on the question of whether a stale filing for water rights could lake precedence over those already made by PG&E and COPCO. No funds are available at present for state construction of 3 power project," said Gianelli at a hearing here, "but.that isn't to say Ihe Legislature in its wisdom couldn't make any funds avail able." A sportsmen's group from Yreka objected to methods of COPCO in developing water resources. The Klamath River Sportsmen's Assn. sent a letter and resolution to Ihe Water Rights Board which is conducting this week's hearings. The letter said the group did not advocate stopping hydroelectric development, but was opposed to dam construction that would cause unnatural fluctuations in stream level, damage fish life, endanger human life, or cause interference wilh agricultural and public rights. The resolution said that COPCO had not built a regulatory dam proposed for 1930 and had been "entirely selfish in relation to wa ter use on the Klamath." is the highest since a 5 per cent rale was paid on a six-monlh bor rowing in 1921, and Ihe largest for a one-vear issue since June 15. U20, hen the Treasury paid 6 per cent. The House committee gave Eis enhower less than he had asked. but it nevertheless opened the way for criticism !ion many who conlend that an increase in gov ernment interest rates would touch 'off a spiral of higher interest costs !for individual and business bor rowers. Eisenhower had asked Congress to remove entirely the 4-4 per cent ceiling in effect since 1918. Instead the committee voted 17-7 lo give Ihe President authority lo exceed Ihe ceiling in the next two years if he feels it is for the good of the country. Both Ihe House and Ihe Senate have yet to act on the plan, which Secretary of the Treasury Rohert B. Anderson accepted reluctant ly. He said it accomplishes "for the most part the objectives we sought." At the same time the commit tee prodded the Federal Reserve Board to buy more government bonds as a means of expanding credit and holding down rates. The prod, however, was pul in the form of congressional advice without Ihe force of law. Privately, Treasury oflicials voiced disappointment over the wo-year limitation of the Presi dent's authority. They also voiced grave reservations over the con gressional directive to the Kede lal Reserve Board on credit pol icies. The limited authority the com mittee approved would - extend both to long term bonds securi ties wilh maturities of five years or more and lo government sav ings bonds of the E and H variety. 1 Savings bonds now carry a limit of 3.26 per cent. The Presi dent has said the Treasury will increase this to .I'L per cent it I Congress permits it. I Union Magazine Sees No Merger LOS ANGELES (UPI) Tean sler President James Hoffa ap.' parent ly is taking a key rote in' major United Slates dock unions,' but there is no indication lh; Teamsters will formally mere Iwith Harry Bridges' loneshnroj men's union, according to a Lo Angeles publication. - The Daily Journal of Commerce speculated Wednesday about HoT la's role in shipping contracts wilh" longshoremen. COIN-0-MATIC Self Service Laundry "Bij9it Woihdoy Bargain In Town" Regular Load ... 20c Double Load ... 30c Fluff Dry ..... 5c THERE ISA DIFFERENCE! Plenty Hot Water! Exclusive Soak Period!! Triple Rime Feature!! No Attendant!! Plenty Free Parking! OPEN 24 HOURS EVERY DAY! Merit's Coin-O-Matic SELF SERVICE LAUNDRY 333 E. MAIN Jujl2 BILL HARRAH presents Vj V WITH AL IENDRV CONDUCTINO nd the unusual artistry of SID KROFFT Will O.born.-i Orch.ttra . . and In tht StaUlin Leung JERRY COLONNA ARTHUR ELLEN ISH KAB8IBLE plus th LATE SHOW with THE LANCERS : DEBRA HAYES ! I AND HER MADMEN OPENING MONDAY... JULY 13... DENNIS DAY HE NEEDS IT Kl.m.th r.lla. Or.fnn Sorvlnii Southern Orr'itnn and Northern c.lirnrm. Publish ri.ilu . o. Souih.rn Onion Publishing ConipVny s',e ml and crashed rifiht into SAN FRANCISCO (UPD - Louis Kearn was standing in front of his cleaning shop Wednesday when he saw an auto careening toward him. Kearn waved frantically for the driver to turn the wheel, which Zanoni's the front of Charles photographic studio. I just remodeled," Kearn ex- THAN RINGSIDE! OFFICIAL WORLD'S hWrWIGHT CHAMPIONSHIP r tiN, Fll Mn I H0WN AT J;4J 'dH. V A StCIAL SATURDAY! 3 BIG FEATURES! Phone Tltxrdo 4-R1 11 FRANK JENKINS. Editor Pll.l, JENKINS. Managinf Editor Entered as tecond claa matter at tha P'3"10" Harlie tlCOds it Iremod on Alt Hut 30. 19MI. iinrttr an f l lonra, March 3. 1879. Serond-ela postal paid at Klamath Falls. Orrion, and at addition) maillrtff offices. 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