November 6, 1974 (8 pages)

Se i : unemployment and inflation have combined to create a experts continue to argue about the degree and the outlook for Whether we are now in a suffering worse than any experience in the past three decades, The further fact is that it will get even worse before it gets better. ee 7 In plain language the nation is ' headed for a depression the like of which it has not seen since the “great ” of the 30’s. And for most citizens it will be a new experience, for only those old enough to have been in the’ labor force in the early 30s know what a depression is. . . For disbelievers the current > report of the Security Pacific ' National bank by its economic » language the message ~ is '. nevertheless there. In its outlook » sammary the report says prices, continued shortages of _ many basic inputs . and . decreased -real income and wealth limiting individuals’ ability to consume.” It goes on to say ‘‘. high interest rates brought about by rapid inflation, restrictive monetary policy have contributed to the . dimunition of business capital . spending plans and have . delayed a signficant ". im housing, both of which were Camptonville . News CAMPTONVILLE, Oct. 28. . . Mr. and Mrs. Ralph E. Rogers . » were visiting in Reno last week. Thomas -Futrell. of Oroville was a business visitor here . . Wednesday. i Mrs, Wilma E. Straus and Mrs. Phyllis Milhouse went to Sacramento a few days ago to visit the former’s daughter. Mr. and Mrs. Earle W.:-Davis, II and children moved to Yuba fie b ea fe City last week, after spending ~ e the past few months here. > Mr.and Mrs. Henry J. LeBars _ left Friday for.a weekend visit with relatives in the Bay region. The long dry spell was broken bringing 1.75 inches to this area. Richard J. Lynch of Petaluma heavy credit demands and a“Sunday with a heavy rainwas here over the weekend ona ‘Judge Acton M. Cleveland He was the Sierra — out ‘of its doldrum this year.” says “These factors, although not totally unexpected.this year a. have significant implications for next year’s performance.” The report is most-extensive, covering 18 pages, and details ‘what is happeing and what can be expected, not only in the overall view, but specifically in the various sectors, such as agriculture, manufacturing, construction and the retail same and the outlook is not encouraging. — While it reports a 7.8 per cent unemployment rate as of July, current estimates place the rate over 8 per cent. Actually the “unemployment rate figures are not truly reflective of the numbers out of work, being based largely on those collecting unemployment benefits. Those who have been out of work so long those benefits have been exhausted are not included but . “ynemployables” which aren’t counted. Neither are those graduating students, returning veterans, housewives and others ‘just entering the labor market. counted in the’8 per cent. _ Although department officials . maintain they adjust to-consider ‘such factors in their unemployment rate figure, it remains the total not productively employed is greater than 8 per cent. Even if that were~a correct figure its reference is to the statewide situation. In some areas it is much higher and in certain fields it is higher. The construction trades, for example, report unemployment being higher than 50 per cent in N ¥ af _ Experts argue about economic declining stock market to the “erash’’ of 1929. They point out that it took three years for the full impact of that disaster to hit ‘the general public. — Already the retailers have noted some of the effects. Merchants report that contract credit buying, once about twothirds of the appliance and television sales, has practically ceased. Home-building and sales are way down and most of the home construction is. remodelling and adding rather than new home building. However, even though: all signs are pointing to a disastrous depression, there are _ Bank savings ~ are pow. federally insured. Then there is © oyment insurance, and social security. And many._ elderly today have the security against poverty even though — their. investments ‘go sour. And-while that will minimize the — overall effect of a depression, — _ those in the active labor market will be the hardest hit, as sales slump more and more will be out ~ ” of jobs. STORING DOUGHNUTS Store doughnuts in a ven-— tilated container and heat before serving. 3. Drag out Aunt Lucy's homemade sweater. Remember the cable knit ‘. gut of cables? It car? actually help at lower thermostat settings. _. 6. Indulge your taste for “hotter” foods. You'll Orsome such. e10so-wi 174 costs are higher this winter than last, rates, you can still hold down your your energy usage. Here are some practical you thought was really knit be amazed how much warmer you'll feel after a good,” hot bowl of chicken soup. 7. When youre not using the fireplace, close the damper. Why. let your heat escape up.a flue that can’t appreciate ites : 7 WAYS TO KEEP W. Because our costs for fuel have gone up, your fuel too. But even with increased heating costs by decreasing “here's hows: 1. Set your furnace thermostat toa. temperature of 68° or lower. Turn it downeven = more when you leave home or go to bed. . a a 7 "ae , cee Yt * Cecelia. a TA 4:4 wh Wi} f gr 4. Clean or replace i ( Yes she Ae those dirty filters that make the BAK i; Lay) A furnace work harderthan WW) WY i Ry necessary to heat your home. ~ ,CHEAPER. 2. Keep all exterior doors tightly closed. ; his tip may sound simple, but you'd be amazed: at how much energy and money goes out the door with the heat. -.5) Open your draperies on sunny days. Let Mother Nature do the work for your furnace. At night and on cloudy days you ‘ can also stop up to 16% of the heat lost through the windows by closing the draperies over large glass areas. hae gee Sate Scot gation eit ate iat eli grin icin aig em eH eee tga mot Sie ‘aor dts z

Se i : unemployment and inflation have combined to create a experts continue to argue about the degree and the outlook for Whether we are now in a suffering worse than any experience in the past three decades, The further fact is that it will get even worse before it gets better. ee 7 In plain language the nation is ' headed for a depression the like of which it has not seen since the “great ” of the 30’s. And for most citizens it will be a new experience, for only those old enough to have been in the’ labor force in the early 30s know what a depression is. . . For disbelievers the current > report of the Security Pacific ' National bank by its economic » language the message ~ is '. nevertheless there. In its outlook » sammary the report says prices, continued shortages of _ many basic inputs .. and . decreased -real income and wealth limiting individuals’ ability to consume.” It goes on to say ‘‘.. high interest rates brought about by rapid inflation, restrictive monetary policy have contributed to the . dimunition of business capital . spending plans and have . delayed a signficant ". im housing, both of which were Camptonville . News CAMPTONVILLE, Oct. 28. . . Mr. and Mrs. Ralph E. Rogers . » were visiting in Reno last week. Thomas -Futrell. of Oroville was a business visitor here . . Wednesday. i Mrs, Wilma E. Straus and Mrs. Phyllis Milhouse went to Sacramento a few days ago to visit the former’s daughter. Mr. and Mrs. Earle W.:-Davis, II and children moved to Yuba fie b ea fe City last week, after spending ~ e the past few months here. > Mr.and Mrs. Henry J. LeBars _ left Friday for.a weekend visit with relatives in the Bay region. The long dry spell was broken bringing 1.75 inches to this area. Richard J. Lynch of Petaluma heavy credit demands and a“Sunday with a heavy rainwas here over the weekend ona ‘Judge Acton M. Cleveland He was the Sierra — out ‘of its doldrum this year.” says “These factors, although not totally unexpected.this year a. have significant implications for next year’s performance.” The report is most-extensive, covering 18 pages, and details ‘what is happeing and what can be expected, not only in the overall view, but specifically in the various sectors, such as agriculture, manufacturing, construction and the retail same and the outlook is not encouraging. — While it reports a 7.8 per cent unemployment rate as of July, current estimates place the rate over 8 per cent. Actually the “unemployment rate figures are not truly reflective of the numbers out of work, being based largely on those collecting unemployment benefits. Those who have been out of work so long those benefits have been exhausted are not included but . “ynemployables” which aren’t counted. Neither are those graduating students, returning veterans, housewives and others ‘just entering the labor market. counted in the’8 per cent.

_ Although department officials . maintain they adjust to-consider ‘such factors in their unemployment rate figure, it remains the total not productively employed is greater than 8 per cent. Even if that were~a correct figure its reference is to the statewide situation. In some areas it is much higher and in certain fields it is higher. The construction trades, for example, report unemployment being higher than 50 per cent in N ¥ af _ Experts argue about economic declining stock market to the “erash’’ of 1929. They point out that it took three years for the full impact of that disaster to hit ‘the general public. — Already the retailers have noted some of the effects. Merchants report that contract credit buying, once about twothirds of the appliance and television sales, has practically ceased. Home-building and sales are way down and most of the home construction is. remodelling and adding rather than new home building. However, even though: all signs are pointing to a disastrous depression, there are _ Bank savings ~ are pow. federally insured. Then there is © oyment insurance, and social security. And many._ elderly today have the security against poverty even though — their. investments ‘go sour. And-while that will minimize the — overall effect of a depression, — _ those in the active labor market will be the hardest hit, as sales slump more and more will be out ~ ” of jobs. STORING DOUGHNUTS Store doughnuts in a ven-— tilated container and heat before serving. 3. Drag out Aunt Lucy's homemade sweater. Remember the cable knit ‘. gut of cables? It car? actually help at lower thermostat settings. _. 6. Indulge your taste for “hotter” foods. You'll Orsome such. e10so-wi 174 costs are higher this winter than last, rates, you can still hold down your your energy usage. Here are some practical you thought was really knit be amazed how much warmer you'll feel after a good,” hot bowl of chicken soup. 7. When youre not using the fireplace, close the damper. Why. let your heat escape up.a flue that can’t appreciate ites : 7 WAYS TO KEEP W. Because our costs for fuel have gone up, your fuel too. But even with increased heating costs by decreasing “here's hows: 1. Set your furnace thermostat toa. temperature of 68° or lower. Turn it downeven = more when you leave home or go to bed. . a a 7 "ae , cee Yt * Cecelia. a TA 4:4 wh Wi} f gr 4. Clean or replace i ( Yes she Ae those dirty filters that make the BAK i; Lay) A furnace work harderthan WW) WY i Ry necessary to heat your home. ~ ,CHEAPER. 2. Keep all exterior doors tightly closed. ; his tip may sound simple, but you'd be amazed: at how much energy and money goes out the door with the heat. -.5) Open your draperies on sunny days. Let Mother Nature do the work for your furnace. At night and on cloudy days you ‘ can also stop up to 16% of the heat lost through the windows by closing the draperies over large glass areas. hae gee Sate Scot gation eit ate iat eli grin icin aig em eH eee tga mot Sie ‘aor dts z