HERALD AND NEWS. Klamath Falls, Ore.
Monday. Ko. !1, 1
PAGE 7-A
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laiiTTi-ni T TTinl-' r'tir in i "1 iiiiiiuhiiimi m biiimiiiiI --t".r ---V N
Western Europe Has Power To Cause Crisis In American Gold Supply
Editor's Not President Kiscn-and stability is an intangible even a lesser amount would turnlrate of $.18 billion a year. Smielgood as gold. (perhaps drop sharply,
hower last week ordered emer-: called "confidence" confidence , the tide. Auk. 1. thev have been ordering Of course, the bavins rate ofi The noint is. however, that no
gancy action to stem the steady that the U.S. dollar will remain! jt js this possibility which last al an annual pace of $4 1 billion, recent weeks may slacken and one can foretell the future.
as h'hki as (juiu. fwook prompted President EisMi-'5"" SCP ' ,ne la,e nils "cn
Foreign governments and their hower to impose unprecedented 1 10 H 7 billion. Since Oct. 1. the
citizens own about $18 billion of restrictions on spending abroad"0"' of bullion has hit a spectacu
flow of American gold into foreign
hands. Frank Cormier, experi
enced AP Treasury Department
reporter and financial writer. as-:l;ncie Sam s monev Most o( ,ncsc
TWO ENGRAVED ASH TRAYS bearing replica of the F-IOIB Voodoo interceptor
were presented by Col. Rupert C, Welch, center, Kingsley Field commander, to Maj.
Gen. Von R. Shores, commander, 25th Air Division, McChord AFB, Washington, left,
and Col. Leon W. Gray, commander, Portland Air Defense Sector, Corvallis, right.
The ash trays were made available by the McDonnell Aircraft Corporation, builders
of the F-IOIB Voodoo used by the 408th Fighter Group at Kingsley Field.
Rare Skin Disease Was Turning Point
For Reelected Japan Prime Minister
TOKYO (AP) Hayato Ikeda,
the victor in Japan's eighth post
war election, found faith and re
newed self confidence in deep
personal suffering.
The 60-year-old prime minister,
whose pro-U.S. policies received
a mandate trom the voters, was
the-son of a wealthy sake manu
facturer who spent his youth as
a university student at Kyoto
drinking deeply of the pleasures
of that famed geisha capital.
Like many sons of the rich, he
chose government service as a
career. He might have remained
an obscure official if a rare
from power because of a temper
md a candor which are celebrated
in Japan, traits which stirred him
to retort to critics of his austerity
measures: "Let the people eat
barley if they can't afford rice."
But Ikeda has conducted him
self during his four-months tenure
with masterly control.
Recognizing that Kishi aroused
hostility among the leftists and
the general population by a gen
eral attitude of rigidity, Ikeda set
about proving he could and would
compromise if the opposition So
cialists cooperated.
This approach won him new
sesses the scope of the problem
in the first of three articles on
the gold situation
dollars are owned hv Western
Europeans and are deposited or
under the military and foreign aid lar annual rate of $3 9 billion.
By FRANK COK.MIKR
WASHINGTON (APi-The na- If all were used for this pur-
tions of Western Europe now havejposc. Lnclc Sam s supply of bul-
it in their power to rock n,e, Hon would be wiped ou there is
American financial system
day in the week.
programs. His aim was to lessen compare uus ouying wun me
the number of dollars moving int0!rcmaininR I'.S. gold supply: $18
invested in the United States.! foreign hands; dollars that could billion of which $11.5 billion must.
Theoretically, all could be used to he used to buy American gold.D.v 'aw. remain in government
buy American gold. Since July 1. foreigners have hands as backing for part of the
been buying American gold at the money supply.
it wouldn t lake long to use up
onlv $18 billion of cold in the
government's coffers.
All that stands between crisis
Parade Route
PORTLAND (API - The 1961
Portland Rose Festival's floral
IT'S HOW YOU RELAX
LONDON (UPI Boston's Dr.
Such a disaster is virtually inv
possible.
For one thing, foreigners do so attack, said Sunday that it's how
much business with the United you relax while playing golf and
the cushion available for meeting
foreign orders. And once Uncle
Sim haH tn turn uav nKlnmpi
Paul Dudley White the heart spe.jhe doU.lr would no jonRcr bc
ciausi w no ucaicti rrcsnuni Ei
senhower when he had his heart
States that they couldn't afford to
exchange all their dollars for gold.
Furthermore, to do so would
not the game itself that gives
medicinal value to the sport.
White said it's the "relaxation-
parade. will go right through thelwreck their own finances because;1'0' the exercise which counts
new Memorial Coliseum and those the United States is the corner
who want to be under cover can stone of the free world economy,
buy arena seats and see it all in- Ti,is flot.sl,-t meani however,
doors. ilhnl Ihe rnrrrnt nnvielv iwai
There arc large doors at each Uncle Sam's persistent loss of
end of the arena permitting entry gold is misplaced. The simple
of the floats' and marching units. fact is that foreigners could cause
HEMORRHOIDS
(Piles)
Porrpctf A without urff ry. No
hftftpiUUifttlon; no los of time
(ram work
DR. C. W. DAVIS, D.C.
131 North rd Si. Tl i-im;ta
Klamath 1-mil. Oregon
disease of the skin had not forced j trienas and helped channel away
him to resign his post in the tax
office in Utsunomiya in 1932.
Dressed in the white clothes of
a pilgrim, and accompanied by his
devout mother, he made a long
and painful tour of Buddhist tem
ples on the island of Shikoku in
search of the spiritual cure mod-i
em medicine could not provide.
Five years later he emerged
well and healed. He attributed it
to his faith in Buddhism, a faith
that continues deep today.
He returned to ordinary life a
serious, purposeful man who bore
little resemblance to the playboy
of his youth.
Taken under the wing of Prime
Minister Shigeru Yoshida in the
postwar occupation days, he be
came finance chief and drafted
tough economic reforms which put
Japan firmly on the road to re
covery. He learned to work with
highly plated Americans and won
their respect in the process.
He became prime minister July
14. succeeding Nobusuke Kishi,
who was forced to resign following
his successful but bitterly opposed
fight to push through the new de
fense treaty with the United
States.
Some veteran politicians pre
dicted Ikeda would soon be ousted
much of the resentment felt
against the Conservatives under
Kishi's helm.
He injected new confidence into
the nation's workers by promising
them an increasing share in the
expanding economy.
He has shown some signs of
willingness to seek a rapproche
ment with Communist China,
speaking of the need to trade w ith
Japan's big mainland neighbor.
But his foreign policy is based
squarely on cooperation with the
United States and the West. He
rejects the Socialist theory that
Japan must be neutral if it is to
survive the cold war.
Edward L. Casey, festival asso
ciation president, said the Mcrry-
khana Parade, a fun event, will
be held Saturday night. June 3,
and the floral parade will be Sat
urday, June 10. That means the
festival will be extended two davs
a major crisis merely by ex
changing a relatively small pro
portion of their dollars for gold
in the span of a few days.
If foreigners bought $1 billion of
U.S. gold in a single week, this
would be taken as a vote of no
and run through two weekends. 'confidence" in the dollar. Perhaps
THANK YOU!
To all the people who worked so hard
on my campaign for Commissioner,
and to the many voters who placed
their trust in me.
Uox Jialu w
A RETIREMENT HOME FOR THE ELDERLY
FOREST GLEN SENIOR RESIDENCE
Conyonvillc, Oregon
mMm$t& .... .-4
U it I ? Vi V; V
ij k r.n
II
PH 1 ,1 !
DO YOU REALIZE that olditer reach a year of decision?
Like younger people we must decide for the future? If we
ore wise we will make tull orrangements for our last year,
so os not to be o burden to and dependent on the younger
generation,
DO YOU KNOW that about one out of every four of us
who pass the age of sixty will experience o long and dis
abling illness that can cost up to thousands of dollars? Forest
Glen is designed to meet all the needs ond risks of growing
old. Here free medical and hospital service that is included
in vour rates will hp yours, plus loving care.
WHO IS BEHIND IT? A group of practicing physicians whose
experience with the elderly has impressed on them the need
of such care os will be oftered by FOREST GLEN. The home
will be run in conjunction with a modern, well equipped hos
pital, with a full statf of doctors and nurses at our call.
WHY IS FOREST GLEN SENIOR RESIDENCE DISTINCTIVE?
It offers more services at less cost thon other homes of Its
kind, it will cost you less to live here than in your own home.
For information write for our beautiful booklet, "Something
to Do and a Place to Live." FOREST GLEN SENIOR RESI-
DENCE, Canyonville, Oregon.
Finnish Press Critical
Of Deportation Incident
HELSINKI (AP) The Finnish; the Finnish president to refuse
press today sharply criticized the!lo receive Mackie. The Finnish
expulsion of Finnish-
American
born William Mackie, 51-year-old
housepainter of Portland, Ore., on
charges of communist activity.
Mackie was flown to Finland
Saturday. He was born of Finnish
American parents on a brief visit
to their old country. He has been
living in the United States since
eight months of age.
The liberal Helsinki paper Hu
fvudslads Bladct today asked
ironically whether Mackie was
"sent to Finland as a goodwill
ambassador."
The socialist Paivan Sanomat
noted editorially that Mackie, who
doesn't speak Finnish, was expell
ed after being in the United States
50 years and said:
"He fought with the U. S. Army
and he paid his taxes. His de
portation to a totally strange
country is an astonishing act, to
say the least.
Other Finnish papers had urged
consultate in New York, however,
issued a temporary travel docu
ment for Mackie, saying that "as
far as can be ascertained, he is
a Finnish citizen."
In Helsinki Mackie is continuing
his efforts to get the deportation
order cancelled. The Finnish
Painters Union has arranged room
and food for him and offered him
help to get employment.
Victim Recovers
NEPTUNE, N.J. (AP) - John
Brodeur, 24, whose right leg was
amputated after being attacked by
a shark Aug. 21, has been released
from Fitkin Memorial Hospital.
Brodeur, cheerful despite three
months in the hospital, will stay
at the home of the parents of his
fiancee. Jean Filoramo, 22, of Jer
fey City. Brodeur was attacked
w hile swimming off Sea Girt. His
leg was amputated eight days
later.
DEALERSHIP ,
AVAILABLE
Dealer wonted for Klomath
County to market nation'a
finest pickup camper, Pro
tictid territory. Write:
CAVEMAN CAMPER, INC.
P.O. Box 666, Grants Pass,
Oregon.
Science Shrinks Piles
New Way Without Surgery
Stops Itch-Relieves Pain
New York, N. V. SpcUI For the
first time science has found a new
healing substance with the aston
ishing ability to shrink hemor
rhoids, stop itching, and reliv
pain without surgery.
In case after case, while gentry
relieving pain, actual reduction
(shrinkage) took place.
Most amazing of all-results were
so thorough that suffer erg madi
astonishing statements like "Piles
have ceased to be a problem!"
The secret is a new healing sub
stance (Bio-Dyne) discovery of
a world-famous research institute.
This substance is now available
in tuppotitory or ointmtnt fprm
under the name Preparation .
At all drug counters.
We are pleased to Announce:
James LO'Donahue
after 20 years Association with
J. W. Kerns, Oregon Limited
has joined the staff of
Deane Sacher, Realtor
Jim O'Donahue's years of experi
ence in dealing with farmers
and ranchers well qualifies him
to specialize in the sale of ranch
and farm properties.
v'-V-M---', 'ill-, i
in
y
7)eam
James L. (Jim) 0' Dona hue
It's another step in
Deant Sacher's con
tinuing program of
giving vou better real
estate service!
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Phone
TU 4-4127
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