PACK 2 A
' D AND NEWS, Klamath Falls, Ore.
'Thursday. July 9. 1359
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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
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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
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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.
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DEBRA HAYES !
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OPENING MONDAY...
JULY 13... DENNIS DAY
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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!
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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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