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.
REDECORATID
Office Space
S4S Month Inqvlr
DREWS' Mamlore
Phona TU 4-412)
MOOSE LODGE
CRAB FEED
Saturday - April 2
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grand jury retused to investigate.)
A federal grand jury relumed no
indictment.
Hoover, reviewing Ihe case re
cently for a Mouse Appropriations
subcommittee, disclosed for Ihe
first tune thai his agents had ob
tained statements as well as iden
dying the participants.
"We were able lo establish the
identity of a number of members
ol Ihe mob who participated in
Ihe abduction of Parker and ob
tained admissions from some of
them." he said.
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. Have your eyes examin
ed at least once a year by Dr. Noles'
Optometrists.
0 Convenient Credit
We give !(' Green Stamps
' ew 55 tA
COLUMBIAN OPTICAL CO.
730 Main St. TU 4-7121
Drs. Omar J. Notes and Robert Peters
tinn for Ihe Plowshare Program, away.
a study of peaceful uses of nuclear
explosives. They will last seveiat
months. Tie AEC said Thursday
''The lests are expected lo pro
vide information nn the effects ol
depth of burial, weight of charge
and type of rock on crater sue
and shape."
.tunned the jail and dragged him
It?"
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J
85
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