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Quad City Herald
Brewster, Washington
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December 6, 1945     Quad City Herald
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December 6, 1945
 

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PA0 4 I m I I f Ill BONDS PROVE SOUND'ECONOMY By TED R. GAMBLE National Director, War Finance Division, U. S. Treasury The Victory Loan. now under way is the crucial test of our war finance program. We must not only raise the $11 billion required by the Treas- ury but we must do it in such a man- ner as to avoid the danger of infla- tion and to make secure the Peace for which over a quarter  of a mil- lion of our men have given their lives. That is' why we are asking for $4 billion from individuals, $2 billion of it from the sale of Series E bonds. is this money needed? Brief- the :easons.may be summarized as follows: to bring our veter- ans home and give them their mustering- out pay, to maintain our armies of oc- cupation, to take care of our sick and wounded vet- erans, to make prompt settle- ment of our can- celled war con- Ted R. Gamble tracts, and for other necessary governmental ex- penditures during the next few months. The Budget Bureau recently esti- mated total Federal Expenditures for the 1946 ,fiscal year at $66.4 bil- lion. or $33.7 billion below 1945. Re- ceipts were estimated at $36 billion, but these may be reduced somewhat by the new tax bill. This leaves a deficit of $30.4 billion, which must be met by Treasury .borrowing. It is in order to help meet this deficit that the Treasury decided on the Victory Loan, the last big public drive for funds. As we enter this Victory Loan, I'd like to review briefly the accom- plishments of our war financing pro- gram. From May 1, 1941, when the program started, to October 1, 1945, we raised the huge sum of $207 bil- lion. Furthermore, we raised this money through a plan of voluntary savings at the lowest interest cost of any nation engaged in the war, and at the lowest selling expense ever recorded. In the first seven war loan drives, we set total quotas of $95 billion for all investors, and sold $135,749.000,- 000 in war loan bonds. Every loan was oversubscribed. Billions more yee interim periods be- ..,.-  We have sold these ; . :.2k than 85,000,000 Ame !" :(i.":i: time this loan is over, . , :..'::'e sold one billion individ- ual pieces of the popular Series E bonds alone. Where did this money come from? Our figures show that individuals provided the Treasury with $49 bil- Lion net out of the $98 billion in new funds that has become available to them since May I, 1941--and most of the remainder went into cash sav- ings or commercial bank accounts. Insurance companies and savings banks invested all of the $22 billion in new funds that they received. State and local governments invest- ed $5 bilLion of th $6 billion avail- able. Private corporations had $39 billion of new funds from current surpluses and we obtained $28 bll- lions of it. Most of the remainder was needed by them for expanded wartime operations. Federal agen- cies and trust funds invested all ot their $17 billion of new funds in gov- ernment securities. In short, up to the end of the Sev- enth War Loan, non-bank investors provided the government with $121 billion net of the $207 billion it had to borrow since May I. 1941, the bal- ance of $85 billion being absorbed by commercial Federal Reserve banks, most of it in open market purchases. Except for the investment of a llm- ited portion of their savings depos- its. we have not permitted the banks to subscribe directly to war loan securiites in the last five war bond drives, nor in the curl'ent Victory Lean. One of the most significant achievements of our program is the widespread distribution of the public debt. Millions of people who never before saved a penny in their lives. now own savings bonds. It is esti- mated that three-quarters of the Series E bonds: sold to individuals were acquired by persons earning $5000 a year or less. Today, indi- viduals hold almost one-fourth of the total Federal debt outstanding. An even larger proportion of the inter- est paid out on this debt will go to individuals. Obviously, this will have a tremendous impact on post- war purchasing power. Investing in Victory Bonds will build a second economy for the fu. ture. We cannot afford to slump back into indifference and selfishness if we are to keep faith with those who have paid most dearly so that we could live in a free and peaceful world. We can and should buy Vie- tory Bonds to the limit of our ability if for no other reason than to ex- press our gratitude to our fighting men. They have done their Job, and have done it well. It is up to us to finish ours, so that they. may come back to the kind of an America they dreamed about---a land af opportu- nity with full employment, full pro- duction and high income. The Vie- tory Loan is our opportunity to ex- press again our faith 'in America. i L Mr. and Mrs.; Leonard Holt were in Okanogan on Thmlay. f II II II I Bsa00 00:Facks HI-RALD-REPORTER, BREWSTER, WASHINGTON i i 6] |11 i ii it THIRD & FOURTH GRADES GRADE EIGHT NEWS We are by learning Christ- Our class contributed nine dol- mas Carols and racticing for a lars toward the projector fund. This was presented to Mr. Sonste- i lie after the pep rally on Friday. Keith Whitinger ex@lained the purpose of the fund and Nancy Ostenberg presented the box con- taining the money. The student body was invited to contribute and responded gen- erously. Ethel Mae Lautenslager fin- ished her poster on Literature and Patsy Driessn is working out one on General History. The seventh and eighth grades played a geogTaphy game together Friday. They will soon be work- ing together on the Christmas program. Christmas play. Richarl Lawless has returned to school after being home ill with the mumps. W read Bird's Christmas Carol by Kate Douglas Wiggins. We all passed the National Pen- manship Examination, getting 100 per ct for our room. FIFTH AND SIXTH GRADES The following pupils were nei- ther tardy nor absent during the month which ended November 28. Fifth grade: Danny R. Holmes, Geraldine McClellan, Agnes Mc- Kie, Ada Shenyer, Kenneth Doug- las, Bill McClellan, Kenneth Ray. Sixth grade: Mary Jo Farley, Delores Kimball, Jo Ann Majors, Judy Renner, Robert Cook, Lloyd Fries, Ralph Starzman, Frank Mc- Clellan. We are learning some new Christmas carols and practicing sonde which we learned last year. To-day we drew names for our Christmas gift exchange. Friday we went over to the high school gym and saw a film on penmanship and one about the Southeastern states. SEVENTH GRADE NEWS A committee, consisting of Nor- ris Palmanteer, Erma Holmes, Christine McClellan and Carl Lat- timer, is preparing a Christmas program for the rest of the lang- uage class. In art class we have made Christmas cards anc bulletinboard pictures. With a little more work our room will show many signs of the holiday, season. Seventh and eighth grade girls are learning a variety of things in physical education classes. Irene Sampson and Joyce Cook help us with basketball. Folk dancing, re- lays and games take up the re- mainder of our time. We are happy to welcome Or- val Young as a new member of our room. He came from Bremer- ton. NOTICE OF EQUALIZATION OF ASSESSMENTS OF CHINA DITCH RECLAMATION DISTRICT NOTICE IS HEREBY GIVEN. that the assessment roe of the China Ditch Reclamation Distrct for 1946 has been completed and delivered to the Board of Directors, and said assessment roll ts now and will remadn in the office of the Secretary of the District for the inspection of all persons interested ; and that the Board of Directors veitl meet as a Board of Equalization to equalize said assessments on Thursday, December 27, 1945, at 11:00 o'clock A.M. of said day, at the" office of the District in Pateros. Okanogan County, "Washington. at which time and place all persons objecting to the assessments as made may be heard Dated at Pateros, Washington this 22nd day of NoW'ember, 1945. BOARD OF DIRECTORS, CHINA DITCH R,]CLAMATION DIST. By T. S, BORG, Secretary. Dec. 6 - 13 RADIOS REPAIRED Hails Radio Shop, Pateros. tfc RADIO REPAIRS. Have your radio repaired now. ttoward Zim- merman, phone 207, Okanogan. tfc FOR SALE - Dry body apple wood. Oil cook stove. Wood and coal stove. Boyd Gailaher, R.R. 2, Okanogan. 5tpl 5 ton, plus delivery charges. Special [-prices on large orders. Phone 561 or write Keith Johnson, Winthrop Washington. 3tp29 LOST - Three head of cattle, not dehorned, branded reverse C A B on left side. Notify C. A. Brown, Brewster. 2t429 GOOD USED PIANOS- Two more will be sold in this vicinity, both standard makes, good mech- anical condition, terms. For parti- culars write R, F. Powers, Vera- dale, Washington. 3tc29 FOR SALE - Monarch Coal or Wood Heater, used three months. M. D. Housden, Box 40:8, Brew- ster, Wash. 3tp6 -FOR SALE - Thor Washer, used. Bob Goehry, call 12-X, Brewster. FOR SALE- :N. H. Chickens, Coal or Wood Heating Stove. Mrs. Nannie Gillespie, Brewster. 2tp6 FOR SALE - '29 Model A Ford. Just overhauled and 5 new recaps Losge Boots, size 6. Orchid for- real, size 16. P. J. McCullouh, Brewster. 1 tp6 FOR SALE - I Guernsey Heifer coming 2 years old in March. See R. A. Laymance, Patros. 2tp6 MAN OR WOMAN WANTED - full or part time for Rawleigh Route. No experience or capital necessary. Sales easy to make and ,profits large. Start immediately. .Write Rawleigh's, Dept. WILL--21- 196, Oakland, CaliL ii i:i:::::: : ..... : .! ::::::::::::::::::::::: :::i ::i:iii:i::;%-;:ii:iiii '::i;i,Ji'?::%::i:*::!i:-:::::: ....................... iiiiiiiil;!il ::  i: i:::;!i::: :!i iiiiiiiiiJ::::i::iiiii: !i ' " !:: i::" i!iiiiii!!iiiii N m 2 AeS GnVEH ra tWO WOLD WA, RAaROD PidNT AN AVRA OF MOR THAN A MILUON DOLLARS A ."mDAY FOR IMPROVEMENTS IN THEIR PIANr AND EQUIPMENT. e.xc*ccn ....... c*e0 225 OCO,OT . OWE*...,.CV,O 51 *u s  , ... ,s Il DURING WORLD WAR.L RAILROADS HANDLED MORE THAN 9 OF THE ARMY'$ ORGANIZED TROOP MOIMENT$ AND AIO/[IMATELY 90 OF THE ARMY*$ IrRUPt, tIT, PATEROS I I I l| "WN. El I The ambitious Pateros Girl's [ rACY PEe$OHNL IN THE  ] Club, realizing the need for fix- [ NEHH'II?EMONTHSTHAH e,. [ ig- up the school, decided to take [ Fo A# ORRE0mHG V.Pm, ] over the selling of the Curtis Pub. I PEI, YOD OF Tt!E WAI. I lishing Com,,any magazines. They I I were very successful in th'e cam- paign. They made $73 for them- ,,,o ,, selves and plan on using the men-  ] 11. Warren West, son of Mr. and to buy new shower curtains arid fix up te 'irl:s shower room. ....... r/-00lLJ00UO MrS.and is West,soon expectedhas ,beenhome.discharged MIS. CHAS. MILLER Gloria Ren'eau and Evelyn Rounds spent the week-end in Wenatchee shopping and visiting. Mr. and Mrs:'W'illiam Peckham have gone to California and Ari- zona o spend the winter. Robert G:df;ey cal;ed his folks this week from Californ;a. He is on his way to Fort Lewis to be discharged. The Juni:r Vomen*'s Club will have their regular meeting on De- cember 13th, the place as yet is undetermined. Members will be notified by the calling captain. This will preceed the Christmas party and all members are urged to be present. At the r:gulr *meeting of the W.S.C.S. on Wednesday after- noon nit the officers were re-elec- ted for th coming year: President Mrs. C. J. Steiner; Vice-president, Mrs. Fred Mikel; Treasurer, Mrs. M. D. Armstrong; Secretary, Mrs. R. W. Reneau. Delicious refreshments were served 21 ladies b; the hostess, Mrs. M. D. Armstrong. Bluing does not whiten clothes, but makes them white by cam- ouflaging the yellow or dingY col- or left by poor :ashing. Nels Scott's father is visiting him from Alberta, Canada. Larrabee -and Neff packing shed finished a successful apple season Wednesday. They worked 54 days and packed 86,000 boxes. The speech class of the Pateres High School are now working on toree one-act plays. The first one is to be given on Friday as enter- tainment fora tea, the other two will be given sometime before Christmas. The Victory Bond Drive was held throughout the school and up to date $13,000 worth of bonds have been sold. $ a Among tho from Pateros who are attending the State Horticul- tu'al meeting in Wenatchee are: Alvin Anderson, Gee. Zahn, Gee. Neff, Chas. J. Miller and Chas. Miller. St. Margarets Guild will hold their regular meting Friday, De- cember 14th, at the home of Mrs. . Howard Plew, with Mrs. Ridketts as co-hostess. They will have elec- tion of ofleers, ,and all members are aske'---r'J bring tleir Bibles. JAMES R KRAMER Licensed Public Accountant Federal Income Tax Specialist Kramer's Accounting Service Box 607 - CHELAN ; Phone 107 C. R. McKINLEY M.D. McKINLE'Y BUILDING BREWSTER, WASHINGTON Fluorescent Lights LIGHT BULBS ELECTRICAL REPAIR HARRIS ELECTRIC SHOP PHONE 40 OR 40R W. R. HARRIS BREWSTER DANCE SPONSOR'ED BY AMERICAN LEGION SATURDAY- DECEMBER 8 LEGION HALL Pateros, Washington MUSIC BY METHOW 'VALLEY PIONEERS The sloth hsb|tuallF : sleeps and eats uld down. {Silly, i'tR? Axed just as silly to be chilly when a phone call w bring you &Al'Heating Oil to keep your house cozy and warm. For prompt delivery of dependable, econom- ical heating oil, phone SHELL OIL COMPANY - INCORPORATED - BREWSTER - PHONE 68 - IF52 I I I DECEMBER 6, 1945 ][[[ Oh! yes- Nuts No. 1 Diamond Walnuts Pecans, Soft Shell Filberts .53 lb. Almonds .63 lb. .49 lb. .53 lb ...... Peanuts 2 lbs..55 Mixed Nuts , .49 lb. H. O. ELEUR L-(CAL iTE-Ms ;ro NO. 37 Genuine Anti-Feeeze SOLD IN II GALLON OR FIVE GALLON LOTS I] i We Now Have The Equipment To Give Fast & Efficient Brake Lining Service WORD MOTORS Phone 20 - Brewster 25 ,h Anniversary It was 25 years ago when we announced that we are "Now open for husiness.': It was then a "Pioneering Job" and it has practically remained a 'Pioneering Job all thes years. We have given our Best and Done our Best to serve, - not only the com- munity, but also the whole county Our Job was, First, to estab- lish a good market tar the Dairy Farmers, for tleir product. Se- cond,, to serve the Public with a fine Dairy Product, as Okanogan Butter, Okanogan Ice Cream, and also Okanogan Milk. We feel that our "Good Work was Well Done" We also pioneered in the Cold Stoilage Locker Service by installing the first Lockers in Okanogan County;, and good Locker Service is given in Okano- gun, Tonasket and Winthrop. In expanding from year to yar we have been able to establish a stable payroll for the city and the county. We are grateful, and thank our hundreds of loyal friends and customers for their splendid support and generous patronage ac- corded us during all these years. Some of our customers have been with us since we started, twenty-five years ago. We hope to merit your business in the future., We endeavor to extend a Better and Bigger Service to ALL in the years to come. Okanogan Creamery Co. A. Flechtner R. UIIrich F.C. Beyers