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About Herald and news. (Klamath Falls, Or.) 1942-current | View Entire Issue (April 1, 1960)
O a O o O HKRALD AM) NKWS. Klamath Kails. Ore. PACE 8 A Friday, April 1. 1950 Long-Term Bond Issue Set By Department Of Treasury WASHINGTON AP - The Treasury next week nil! sell a long-term bond issue for Hie first tune in 12 months. II will ofler a 2.Vyear issue payins V i per cent interest the highest rate permit ted by law. The department also announced late Thursday it is prepared lo take a number of administrative flops including the possible nn- Setbacks Suffered By Rocky Bv ROI1KRT T. .RAV .M.IiANY, V V. (AP'-Gov. Nrlnn A, Hockofrlirr suffprrd a ficrirs of leijiMativfi .setbacks at the hands o( his own party today, as thf Sew York Legislature cln--f'l its l0 scsiion. 'I '-ip r.rpuhlican-cont rolled Leg islature killed the governor's plan for curbs on racial bias in pri valp housing and rejprted pven a weakened version of his plan for fliellrrs to protect residents flzain.it fallout from nuclear at tack Tho-r uric the governor's ma jor loes as the legislators ended a session marked by unusual H nfp for an administration that has its own party dominating the Legislature, One of the problems of Ihe liberal-minded Rockefeller was a conservative lactmn. Rut there were victories, too. In this second zuhcrnatorial year for the political novice who bad presidential aspirations but aban-l rioned any c ampaign lor I be GOP j nomination after lours last fall ; convinced him the nation's party leaders favored Vice President Richard M. Nixon. Rockefeller's ofder pointed out that ll!l of f'.'I hills introduced for the governor had been approved These included his highway fafety, juvenile delinquency, men tal health, atomic development, local government, reorganization, and puhbe works programs. The Legislature also approved his pay-as-you-go plan for the new fiscal year beginning today, but added nearly .'i0 million dollars lo his budget. Stale spending in the 10-iil liscal year will total $2.-Ofio.noo.nw). position of margin requirement i to nip any speculative fever that might break out in the none market in the months ahead. The department said it will sel up to Pa billion dollars of tm new hond issue on Monday am Tuesday. Officials said they ex pect to sell at least .Viii million dollars worth and thai anything above that amount would be ' al: to the good." The announcement brought a, mixed reaction from New York s ' Wall Street investment bankers,! who expressed surprise at the news. One banker commented "It! looks as if it would be hard lo; sell." Rut another said "The: Treasuiy might have a chance of! pulling it off " I This will he the first bond of - j fered by Ihe Treasury since April 10.7). It will be Ihe longest bond offered since July Hi.iB. The department was unable to sell bonds during the past 2 months because interest rate, were above t he 4 1 per cent ceil ing. The Treasury sliil is urgin; Congress to raise or remove the ceiling. Since the lirst of Ihe year, h o w e v c r. rales have dropped sharply, making possible the new attempt to sell a long-term bond. The bond will be dated April S and will mature May 15. II1.T1. However, the Treasury will be 'able to call in the issue (or re. idemption on or alter May 1H7.Y In addition lo the hond. Ihe Treasury will ofler two billion dol lars of 4 per cent notes on Ihe same days. The-p will he dated April 14 and will mature May I.V Olficials would not specify all Ihe measures they are consider ing as antispeculalion devices However, they did serve notice thai in the future they may depart from their traditional system of offering new securities to holders of maturing issues. !ke lirped By Conference 0 Bach Race Integration OlHu K. SMltrt, Air Force airman, son of Mr. and Mrs. Robert K. Ayers of Chi'o quin, has completed the ini tia! courso of basic train ing at Lackland, Texas. He will attend aircraft and mis sile maintenance school at Sheppard Air Force Base. He was graduated from Chiloquin High School. Two Senators Give Views On Nixon B it. K. hoii;m !Kl.I V l-.flui atiiin Writer SIII(iToN ' P- A panel from Pi 1 -;dent Kivnhower' o n confci i-nce on youth problems to day urged him lo throw, the full weight of his office behind racial integration of all public schools. A siatf-rnent which said he -how cd a lack of executive leader ship in the thorny ism was ruled out of order as editorial. It did not become part of the oilicial record ol Ihe meeting. The While House Conference on Children and Youth prepared lo close up shop and go home lor 1 another in years alter its 7.."d voting delegates had adopted about 7no far-ranging recommen dations. j Those recommendations were to I be summarized for the delegates in a closing general session today. They have no binding force, hut become part of the conference rec ord for later riicu-sion by the stale and local groups represented Hew Home Given Trout WAl'KWi W. III. 'API - The flnnrling of Hip Drs Plainps River lod;iy niranl frrrdoin and a now home for Ihe Innil in I he Lake Cnunfy Musruni of llislnry. The Irani IkicI horn living in Hip Ihi're puruls of ihe museum and provide Ms only source of income Fishermen pay Ihe museum a lee and fish Ihe ponds But the river, swollen hy t h e sprinK lhaw. crept up (lie Rno feel lo the ponds and provided escape for Ihe trout. Museum workers were loo lale as lliey tried In stem Ihe tide of escaping trout with window screens. Among Ihe AWOI. trout is a pn.e specimen weighing nearly four pounds, named Herman. "60 Test Slate Slated By AEC LAS VKC AS. Nev. (Apt A series of non-nuclear explosions next month will launch the Atomic program at Ihe asl atomic lest eile near here. The tests will provide inlorma- .M.l.M..r. MP Two sen ators from oppo.site wings of the Republican party agreed today that Vice President Itichaid M Nixon appears to be heading to ward a progressive stance in the presidential campaign. Sen. fieorge P. Aiken 'R-Vt said he was cheered hy this pro sped. He said Nixnn needs to be "more progressive than the ad ministration is at present" lo win. Sen. Rarry fJoldwater 'H-Ariz' said in a separate interview that if Nixon alienates Republican con-l servatnes while seeking the sup-, port of independents and Demo-! crats he will lose the election, j As the man in the middle, Nixon was reported taking steps to quiet Ihe grumbling of parly conserva-j lives while bidding for the support' of those like Aiken, who class! themselves as liberals. Associates said Nixnn had passed the worn that his cam paign plans for expansion of Ihe Kisenhovver program will reflect conservative thinking hut will be progressive in offering solutions for national problems. Aiken said that Nixnn will have In tivL I hp Hinlras.iirn nf tfinic last April 24 and slam A county ' Republican eonservaiives if he ex- Clues Told In Slay Case WASHINGTON JAP 1 The FBI furnished .Mississippi author dies with admissions from some of the men who took part, in the Mack Charles Parker lynching, testi mony nf KRI Chief J. Kdgar Hoo ver disclosed today. Parker, a Negro, was laken from jail in Poplarille. Miss New Contract Given Toilers NKW YORK 'API - A new three-year contract gives lVOnn workers in the tailored men's Iclothing industry a 17'2-cent hour ly pay raise. The new pact was announced Thursday at a joint meeting of the Clothing Manufacturers Assn. of America and the Amalgamated Clothing Workers of America. The pay boost is effective in June. The agreement, suhjfel to union ratification, also provides improvements in hospil ah nation, lite insurance and other henefits. Workers now average $1"7 an liour. An industry spokesman said Ihe pact probably will mean a "mo-1 dest increase" in the price of men's tailored clothing. there. The delegates went on record Thursday in warm support of the jsit'in demonstrations hemg staged I at segregated lunch counters by (Negro students in the South, They also asked federal and slate action to reopen public schools which have been closed jto avoid integration a direct ref jerence to Prince Kdward County, Ya. Thee recommendations, for the most part, were passed with little j or no objection from Southern delegates but this was a pro cedural matter. Most Southerners. I by personal choice, did not par ticipate in Ihe forum sessions where such matters were under discussion. The Arkansas delegation went on record with a statement that it would not necessarily be hound jhy Ihe conference report. Other Southern states prooaoty leel the same. The delegates requested a mas sive infusion of federal funds into the nation's public school systems. At least one group said such funds should go only to those school dis tricts complying with the Supreme Court's &i.)4 decision against school segregation. One forum voted that public and private facilities and programs should be available for birth con trol in order to relieve the de privation of children, "consistent with the creed and morals of thuWndations for aidmc migrant families being served." haim workers and their rienttod- Other groups asked for federal. Lnts. One asked that they be state, local and private funds to brought under the minimum wage deal with a multitude of youth problems the retarded child and: the gifted student, the halt, the1 lame and the blind, illegitimate ', children, minority groups and neg ' tected children of any economic level. There were numerous recom-; law provisions. Another recom mendation was that the $1 mini mum wage be increased lo $1 21 an hour. 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Hoover, whose testimony was( reieascn loriay, sain an ine FBI's inlormation was turned over In slate authorities when it was found the kidnaping and mur der occurred entirely within Mis sissippi so that no federal statute was involved. "We received the fullest cooper ation from (!ov. .1. p. Coleman, as well as the Mississippi Stale Highway Patrol." he said. "We encountered open hostility from some officials in the Poplarville area as well as from some of Ihe townspeople," Parker was in lail awaiting I rial on a charge of rapine a pregnant white housewife when the mob peels lo defeat the Democratic nominee. Me said be thinks Nixon recognizes this as a part ol "the political facts of life." Cioldwater, who has maintained close contacts with Secretary nf Agriculture Ezra Taft Benson, said he knows Nixon isn't for the liensnn farm program "hut we rion"l know what kind of a pro gram he is for." (Joldwater said the conserva tives don't like Ihe direction in which they think Nixon is headed. To demonstrate that to Nixon. oldwater said he himself will ac cept any support given him as a presidential candidate. South Carolina's Kf-vole delega tion already has been put hehind Cioldwater and there are igns some other Sim t hern Republicans may have Ihe same idea. He is expected to be named as Arizona's fav orile son. "If any movement on my behall serves to show Ihe vice president there is dissatisfaction anions the conservatives and Ifial helps push him hack in the path he should follow, it will have served a good cause." Goldw aler said. EADACtlE "55 zrs BACKACHE Excruciating headache may b caused by eyestrain. Eyestrain can also reduca work ing efficiency, promote fatigue and irrita bility and may be allied with other physi cal troubles, such as neckache, backache and upset stomach. Why suffer needlessly? Protect your eyes with properly fitted glasses. Heed the danger signs. Be sure of proper eye care. 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