Country Can Lick Recession'
Ike Says In Economic Reoort
WASHINGTON i.t) President <
Elsenhower said Monday the I
country can licit the recession
thin year, pay in full the coat of
meeting Russia's new challenge,
and go forward to "real economic
growth without inflation."
Thin economic report, third anil (
lant of the annual White Houae
message* to Congress, carried a
42-point program of home-front
legislation. Moat requests were
familiar, but Elsenhower said
they are now "urgent."
He pledged that his policies
will be shaped to foster the
Earliest possible business recov
eiy. But he gave no hint that the
administration is considering any
such strong medicine as tax cuta,
public works or deliberate defi
cits, and avoided even the words
"recession" or "depression."
Nationul Production Off
Eisenhower disclosed that fhe
slump began sooner and hit
harder than officials had expect
ed. In the past three months na
tional production dropped six bil
lion, or 1 '-j per cent, he said,
from the record rate of 4:59 bil
lion a year achieved in the pits
vious quarter.
And he underscored this warn
ing if "unwarranted" wage and
price increases emerge from this
spring's bargaining, the prospec
tive recovery could be delayed.
"The latest challenge of inter
national communism will require
s further Increase in the economic
claims of national security which
are already heavy,” Elsenhower
said.
'‘Challenge Can Be Met”
"If we follow suitable private
and public policies, this challenge
can be met without dlatoring our
economy, or destroying the free
doms that we cherish.
"Whatever our national security i
requires, our economy can pro- j
vide and we can afford to pay." |
The business-stimulating effect j
of enlarged defense spending al
ready is being felt, Eisenhower j
reported, and the October re- j
versa! of the government's anti
inflation policy has noticeably
libel adzed credit and cut the!
costs of borrowing.
Other factors favoring a 195h
upturn are visible, he said, in- i
chiding:
Strong, sustained consumer de- ;
mand: “very little" decline in in
come,- or total buying power; ris- 1
ing outlays by state and local
governments; increased private
spending on research and de
velopment; and strong business
confidence, attested by the long
ange programs of corporations
for expansion and construction.
Humming up, Kisrnhowcr pre
dicted :
Decline in Business
"Ah we look ahead in 1958,
there are ground* for expecting
that the decline in business ac
tivity need not be prolonged and
that economic growth ,.an j,e rc_
*umed without extended inter
ruption."
Other official sources, more ex
plicit than the president, aaid
the downtrend is expected to con
tinue until a turnaround point is
reached in the Apnl-June quarter
or the July-Septembcr period.
The message repeated with om
phaxin the administrations re
queatH for a higher limit on the
federal debt, a one-year extension
on present corporation and excise
tax rates, the farm program
sent to the Capitol last week, and
the new plan to aid science edu
cation.
The President urged enactment
of Taft-Hartley Law amendments
including a tightening of rc
Htraints on secondary boycotts
and picketing subject of a spe
cial message due later this week
and adoption of previously an
nounced proposals to further
loosen housing credit.
loo Early?
9
y
Well, perhaps, if you want to be
strictly literal.
And yet, when (the reaches college age will
she he too late! Too late to get the kind of
higher education so vital to her future and to i
the future of her country? 1
It all depends.
There is in the United States today a
growing threat to the ability of our colleges
to produce thinking, well-informed gradu
ates. That threat is composed of several
elements: an inadequate salary scale
that is steadily reducing the number of
qualified people who choose college teaching
as a career; classrooms and laboratories
already overcrowded; and a pressure for
enrollment that will double by 1967,
The effects of these shortcomings can become
extremely serious. Never in our history has
the need for educated leadership been so acute.
The problems of business, government and
science grow relentlessly more complex, the
body of knowledge more mountainous.
The capacity of our colleges-all colleges —
to meet these challenges is essential not only
to the cultural development of our children
but to the intellectual stature of our nation.
In a very real sense, our personal and national
progress depends on our colleges. They must
have aid in keeping pace with their increasing
importance to society.
Help the colleges or universities of your
choice. Help them plan for stronger
faculties and expansion. The return*
will be greater than you think.
If you want to know what the college crisis mean* to you,
write for a free booklet to: HIGHER EDUCATION, Box 36,
Timei Square Station, New York 36, New York.
1
KIIP IT »mOHT
Sponsored ns a public servlet, in cooperation with the Council for Financial Aid to Education, by
Unification of Tibet
Red Chinese Aim
HONG l>ON(j 'Jn R* d Chinn
has undertaken the herculean
tank of uniting lofty Tibet’s
patchwork of semi-independent, j
j regions, sects and Buddhist|
monasteries.
It presumably hopes to bring
them under the unquestioned au
thority of the Dalai Kama and
' the I’anchen Lama, the two liv
I ing Buddhas who nominally rule
j the country under Peiping’s
! thumb.
In this way, the Reds plan to
| overcome widespread hostility
j which forced them last year to
put off for six years the introduc
tion Socialism to "the roof of the
world."
The Communist moves were
disclosed in three-month-old cop
ier of the Lhasa newspaper, Si
Tsang Jih Pao, which have
reached Hong Kong.
The paper reported speeches by
Chinese and Tibetan leaders on
the first anniversary of the
founding of the Tibetian branch
of the Chinese Buddhist Assn.
Swiss Will Not Take
Initiative for Meeting
BERN, Switzerland W
Switzerland told the Soviet
Union Monday it will not take
the initiative to convene a new
summit meeting in Geneva at
this time.
Phone D1 5-1511. Ext. 218.
Use Emerald Classified Ads—
WANT ADS
Rates: 4c per word first insertion,
2c thereafter. Minimum charge
40c.
SERVICES
I
Auto Tops, Seat Covers, Com- ■
plete Upholstery, All Custom
Work. LEE’S CUSTOM UP
HOLSTERY. 4230 West 11th
DX 3-9812.
Photographs- House groups and
dances. Phone DI 4-3432. The
Fehly Studio.
HOUSE DANCE PHOTOS. DI 3
6939. Fast and reasonable.
A-l AUTO GLASS
All Models
Satisfaction Guaranteed
315 High DI 5-7171
i We mimeograph alumni bulletins,
news letters, etc. Call MISH
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HELP WANTED
WANTED — STUDENT AGENT
for greeting cards — sell to
store Commission. Write Hand
Print Cards, 133 W. 19th street,
New York City 11, N.Y.
GIRLS DESPERATELY NEED
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telephone solicitation at Oregon
Daily Emerald. No experience
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but activity points galore. In
teresting work. If interested,
call Warren Rucker, Ext. 218,
after 2 p.m.
PERSONAL
ALL ARE INVITED to attend
Spiritual Science services at
Chapel of Faith, Church
No. 222.
Rev. Lorena Miliee
Spirit Messages
Wednesday evening, 7:30 p.m.
at 909 West 5th. Eugene.
Private consultation by
appointment, DI 3-4601.
RENTALS
One-bedroom partly furnished
house. 2 stoves. 2024 Emerald
Street. DI 3-3914.
FURNISHED ONE-BEDROOM
UPSTAIRS APARTMENT. $25.
2530 Hilyard. Call DI 5-4705.
NICE CLEAN SLEEPING ROOM
for male student. Close to cam
pus. DI 3-9443.
ROOM AND BOARD. Good home
cooked meals. 671 East 16th.
DI 3-2269.
FURNISHED HOUSE, 2 becT
rooms, prefer married couple or
men; reasonable rent. DI 4
4109.
ROOM ANeTboARD. Plenty of
food for 2 students. Close to
campus. Phone DI 3-5987.
__ FOR SALE
TV, LARGE SCREEN PHILCO
used table model, rabbit ears.
Perfect for roommates or apart
ment groups. $S5 cash. DI 3
5038.
BLOND 17 INCH TELEVISION,
table model. Excellent con
dition. $60. RI 6-3581.
SNOW SHOES AND SKI OUT
FIT, size 10'-2 boots, poles.bind
ings. metal-edges; excellent
condition. Sell or swap. DI 4
5105.
USED CARS
1946 FORD TUDOR. Good tires.
Good condition. $85. Phone RI
6-5140.
1954 OLDSMOBILE. super 88, 4
door sedan. Good condition.
Hydramatic, power steering,
etc. $1220. DI 3-3991. evenings.
1950 CHEVROLET 2-DOOR SEN
DAN. Fleetline deluxe; nice con
dition: extras. $295. DI 4-9684.
1947 FLEETLINE CHEVROLET
TUDOR. Good condition. Radio,
heater. $115. RI 6-1405.
AUTO REPAIRS
Rebuilt Engines
$120
10,000 Mile Guarantee!
Automatic Transmission
Complete reseal job
$28.50
Total parts & labor
Motor Overhaul
$58.50
LOAN CARS EASY TERMS
T&A Motors
2025 Franklin Blvd DI 5-1110
Eves, DI 3-4445
SAVE ON GAS
HAVE YOUR GAS mileage
checked and an accurate tune
up by dynamometer.
Automatic transmission
exchange $75.
EUGENE GARAGE
379 East Sth DI 5-5261
COMPLETE MOTOR
OVERHAUL
(parts and labor) .$59
any six cylinder engine
30.000 mile guarantee
no time limit—E.Z. terms
on approved credit
REBUILT MOTORS
short block complete.$149
any 6 cylinder and most V-8's
60.000 mile guarantee
no time limit—E.Z. terms
THRIFTY AUTO REPAIR
940 Pearl DI 3-7114