Herald and news. (Klamath Falls, Or.) 1942-current, January 18, 1961, Image 3

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Herald and news., January 18, 1961, Page 3, Image 3

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Newspaper Page Text$30 Million In Bonds Are Sold To State Bonk U AND St!, KhttM Fafc, tr WtdneMlay, January 11, 1981 High Benefits Cited In Accident Program SALEM (AP)-The Oreeon lV. partment of Veterans Affairs to day sold $30 million worth of vet eraru farm -and home loan bonds lo first National Bank of Port- SALEM (AP) - An official of,provides for unlimited medical land at 3.433 per cent interest. the Oregon Industrial Accident : benefits to workmen seriously in This is the first issue of self-1 Commission said Tuesday that lured. He said in some states liquidating bonds under the au thority granted at the November election to issue $135 million worth. The department has issued a benefits under Oregon's state sys-j benefits arc limited to (1,000, tern are among the highest in the nation. Roy Green, actuary for the commission, told the House com the present system is not monop olistic in that it allows an em plover to carry industrial acci- with a private reopened- fotal of $180 million in bonds sincejmittee on labor-management that tne program was started 13 years ngo. The average interest rate has been 2.962 per cent. The highest interest paid by the department was 3.654 per cent three years ago. .Two other bids were received today C. J. Devine, New York at 3.4856. and First National Bank of Chicago at 3.4567. Proceeds of today's bond sale will be . received about Feb. 20. The department then will start completing loans in the backlog of 2.400 applications on file. The money from today's sale Will last until about July. which he called peanuts in cases such as serious burns. The Oregon law, he said, pro vides for continuous juridsiction 2 000 Girdles Token By Thief ATLANTA (AP) A thief who stole about 2.000 girdles from a suburban Chamblee plant Is being sought by police. The girdles, valued at about $50,000, were stolen from the War ner Bros. Co. during the weekend. Detective B. R. Vainer said some legislative message proposed that brassieres might be involved, too. j an employer be permitted to dent insurance earner. H said that the system often results in a ratio of benefits paid out to premiums paid in that are greater for small employers. He said in some classes employers that benefits paid to hurt workers are slightly more than IOO per cent of premiums paid by the employers. In other classes, the figure is less than 100 per cem. There will be considerable fighting over the law in this ses sion of the legislature. Sen. Walter - Pearson. D-Port-Iand, is expected to introduce a bill that would substitute the so called three-way law for the pres ent system. Under this method an employer would be permitted to insure with a private insurance company, with the state or insure himself. Gov. Mark O. Hatfield in his State Property Tax Repeal Said Essential PENDLETON (APi-Repeal of Oregon's personal property tax on business inventories was called essential today by Robert Duncan, speaker of the Oregon House of Representatives. The Mcdfoid Democrat, in re marks prepared for a ' Kiwanis luncheon, called the tax obsolete. He said Oregon's tax climate for Steel Companies Consent To Correcting Abuses SAN FRANCISCO (UPP Thei He said the conscnlinc defend-1 Mcehleis Steel Co.. Vernon. Calif.: 'San Jose Steel Co.. Inc.. San Jose. v.s. Department ol Justice won ants aro enjoined from allocating i Pitt.sburgh-Des Moines Steel Co. Calif.; Soule Steel Co., San F luiiai-m juuiu?iu& iiKiiiy iii viwi liiurii'iiuug joo5 among iaorica antitrust suits against IS tabncalin; companies. The defendants were Nov. 23. 1959, in I S. District Court with conspiring to eliminate! competition in the sale and fab rication of concrete reinforcing bars debars) in Arizona, Califor nia, Idaho, Nevada, Oregon, Utali end Washington. Jyle Jones, antitrust chief here, steel ioi s, fixing uniform interest rates. refusing to buy foreign made re hargedbais. and from preventing steel mills trom selling rooms directy to general contractors. Consenting defendants are: Blue Diamond Corp., Los An geles, which recently has been ab forbed by Flinlkole, New York; Ceco Steel Products Corp. Pittsburgh; Rutherford and Skou- bye Inc., Los Angeles; Joseph T. Uyerson and Son, Inc., Chicago; NO OLD RELICS LOS ANGELES l Pl - Helen Maiiow, a former dancer, cele brated her 104th birthday Tues-I day. She said her wish was that she could someday travel lo tin Chi- planet Mars. caco; Gilmore-Skoubve Steel Con-i Asked if she h;,d anv nlie Ml said the decrees entered today (tractors, Oakland, Calif.; Horrick of her 45-year career as a dancer, which means that if an injured attracting new industry is second1""' cure all the ills set forth Iron Works, Hayward. Calif.: F. she laughed, "No old relics. I'm man's condition in later years 10 none in the Northwest. In proof ,"' ne complaints. gets worse as a result of the in dustrial accident the case can be of this, he cited bills introduced recently in the Washington Legis lature and said two of the provi IA. Klingcr Inc., Stockton. Calif.;ielic enough." Green sairi that Oiecon also s'"s aireaay are incorporated in provides full coverage for occu-lurLon ,aWl pational diseases and radiation injury. He said there are base benefits for single persons with additional benefits for each de-itrcme hardship on businesses it Ol . . flaxps Duncan said Oregon's present inventory tax is impossible to ad minister fairly and works an ex . . ,. . . . . , . . "Its repeal and subsequent re- He said hat widows and total Iacement wi(h , m (ax disrtdi y clams are paid for ife business would h under the i Oiegon law and thatlovcr (he entire hJMSS its rehabibtation program is ni(v based abiiv lQ rated one of the best in the ,voul() aS!11,. lha, n....?n ' ... iia.tuu. (' Police said tne tniet broke a window to gel into the building, then loaded the girdles, in boxes, into a truck at a loading platform. either self insure or insure with the state. Only state insurance now comes under the workmen's compensation act. Green said that Oregon law is be back. He is in Washington, The Senate Education Commit tee put off consideration of in terim appointments in the educa tion field until next week. The committee acted after vice chairman William A. Grenfell, D Portland, said he felt the com mittee should not act on the ap pointment of Dean E. B. Lemon of Oregon Slate College as chair man of the state scholarship com mittee uniil next week. The com mittee then decided not to act on any appointments until next week. At that time Sen. Monroe Sweetland, the chairman and a Democrat from Milwaukic, will continue to present the most fa- forable tax climate to business." he said. Lighter Beats Scout's Flint JOPLIN, Mo. (AP (-Planning a mortgage-burning ceremony at a Boy Scout campsite, adult leaders decided it should be done in true scouting style igniting the mort gage with flint and steel. Don Roney of the Mo-Kan Coun cil executive board stepped for ward Mondday night with his trusty scout kit. He struck the flint again and again. Plenty of sparks, but the mortgage was unscorched. A companion proved that file can be kindled by flint and steel in a cigarette lighter. unique in that it has no waiting period for benefits. He said it is the only one in the. nation in which the workman pays a set amount. I There are more school teachers He said that the Oregon law. than soldiers in Costa Rica. D. C, for the inauguration. Grenfell previously had op posed the appointment of Lemon. 4S MILLION STUDENTS WASHINGTON (UPI - The Census Bureau reports that ap proximately 46 million students were enrolled in American schools and colleges last fall. Worth $1 SAVE THIS AD $ AJ Good Till Feb. 1st On All Service Calls Wor,h INTRODUCTORY OFFER All Tubes Tested if Picture Tube Cleaned ir Adjust Set Complete FREE BILLY GOLDEN TV Formerly With J. W. Kerns Guaranteed Quality SYLYANIA Tubes All Ports and Work Guaranteed By Best Qualified Technician and Latest Equipment. . All Tl 111 tCli Billy ho. tub., . . . Will Travel Day or Nite or by Appointment Assn., Oakland, Calif. Jones said that the government u ill proceed to trial against the remaining defendants in the case, all major producors. They are Dn,Ul-U. n :r: f a Cisco; Southwest Steel Rolling ' A .T VT ..... ... st... IV-UIU., JJCWllCliCIII VQ., UUU" Mills. Los Angeles; and the Wes(.,son Stcel c Paci(ic statei cm Reinforcing Steel Fahricatorslstecl Corp.. and U.S. Steel Corp. PHONE TU 4-3873 FUEL OIL H..I..H Q..l,ty .irk tl. A4U4 Ht CImm UTAH COAL Pres-to-Logs TM CIm.. Hh ItM M f rlrtrfeM w Sfe -PSJVHf"'6 0UT USI OUI CHICK 4 fill" SWIM. ONI CALL TO lit KIIM you iuuy sum.uo iu wTnti wnsiiM m,? WESTERN OIL t IURNER CO. 1845 Sooth 4 3 MS Shop 9:30 AM IM1 Thursday - Fri. Saturday o IT'S SLOW o And Probably Will Be For Awhile Yet. SO-O-O, NOW is the time to install your New Kitchen Cabinets. Let Us Design and Price Your Cabinet Work Now, so you can see what we mean! (Klamath Valley lumber Bldg.) 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