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About The Oregon statesman. (Salem, Or.) 1916-1980 | View Entire Issue (Nov. 30, 1956)
1 I Economic Boss Sees Inflation Years' Ahead Statesman, Salem, Ore, Fri., Nov. 30, '56 (Sec. III)-37 OPEN THIS FRIDAY ONLY ALL DAY FROM 9:30 A M. TO 9 P.M. -i - By 8TKRL1NG T. GREEN WASHINGTON. Nov. 24 -The government'! new economic pol icy boss tef Inflation both as an immediate hazard and as- the country s No. 1 economic problem fur some years ahead. Dr. Raymond J. Saulnicr, chos en by President Eisenhower to be chairman of the President's three man Council of Economic Advis ers, sharea Eisenhower's view that price advances "must be iiopped.". ... Inflation can be licked, Saulnicr laid In an interview today, but not by government alone. Indus try and labor must help sit on the lid, he said, if the country is to resist the high pressures gener ated by almost-full employment irtdnpar-capacity- production. Must 'Resist Inflation The government has a heavy responsibility, he said, to use its resource! . not only to counteract recession but" to "resist inflation ary development!.".- On Dec. 3, Saulnier-r-it'i pro nounced Sohn-yay atepi into the council chairmanship vacated by the resignation ot Or. Arthur F, Burns, the scholarly Democrat-for-Eisenhower who rescued the council from near-oblivion in 1953 and restored M to hijh prestige , Saulniw, at 48. is fairly young' for the job. Vet in the behind- j scenes area where economic poUJ icy is lonnca ne has become known for strong convictions- and effective advocacy of them: v" Wrote RegalaUoa X , ' ' He is open minded ' toward standby -consumer credit controls, which are bugbear to some high officials.- During the, Korean War he helped write the' Federal Re serve Board"! "Regulation " X". which curbed mortgage credit; he also helped administer the board's "Ucjuk ' W" and its control!".- ever ' rc,tt ; time Bay ments. Right now he U understood to be concerned with the need for easier mortgage credit, to coun teract the slump in home build ing. He 'also is known to favor some form of tax relief for small businesses,' But Saulnier .avoids public pro nouncement! - on specific issues. He hold thai the council should "express' Its views very' firmly within the adm'nistcation", end let others wage rlhe . public debate for their adoption. : ' Likes EcMomie Climate In general he makes it clear.' Saulnier has found the Washing ton economic climate to his liking during four years of assoiatlon with the council. He began in 1953 as a consultant and in April 1955, was appointed a member. ! "I ant a Republican in poli tics." be said. "I believe in the modern Republicanism. "I also believe in the modern' economic program we've been j shaping ' here to - the - past" four years. We have done everything we could ' to promote economic growth within the framework of the competitive economic system.' Heavy Responsibility' "We take the view that the fed eral government has a heavy re sponsibility to moderate economic fluctuations. ' "The government stands ready to use its resources not only to counteract -a contraction of the j economy but to resist inflationary : developments." -. Saulnier Is tall and spare with direct blue eyes under reddish eyebrows. A table near his desk is piled with sections of the proposed draft of the President'! annual ec onomic message. ' That book-length document, em-L bodying the administration'! pro posals for economic legislation, must be delivered to the new Con gress by Jan. 20. Saulnier is tak ing over the council chairmanship right in the middle ot Its prepa ration. New England Flavor But the government's top econ omist givei an Impression of easy relaxation. His speech is deliber ate and retains a New England flavor he was born In Hamil ton, Mas!., took hii bachelor'! de gree at Middlebury College in Ver mont; hii master'! at Tufts, at Medford, Mass.; and his doctor's at Columbia University. Like Burns, he was a professor of economics at Columbia before Eisenhower who was Colum bia's president before his election appointed him to the council. Because Saulnier has been iden tified with credit controls, and because Eisenhower has repeat edly voiced his concern over in flationsome expect that the eco nomic message will contain a rec ommendation for a standby con sumer credit control law. The President last January asked Congress to "study" the question. Saulnier admits he has his per sonal view! but insists he has an open mind on the subject. The council wont make up its mind, he says, . until the federal re serve has completed a current study on the subject and until the council'! newest member, Dr. Paul W. McCr&cken, has, been consulted. ' ' " " McCracken, professor of eco nomic! at the University of Mich igan, was appointed by Eisenhow er on Nov. 13. il... I mi, i 'i i' ' H.J mi).n!wui in i " ' imi.ii.iik i i i ii.!' i ,.. I.,,,... IflfcirtllWiii ,iipip (oil Ikinw MAIL AND PHONE ORDERS ON EVERYTHING EXCEPT "YOUR LUCKY DAY" ITEMS m,,..,. reg. $17.98-$24.98 better - known mmm- Feathers Stolen From Parakeet- SEATTLE 11 An apartment prowler'a target baffled Jack Han sen. He took all the feathers from Hansen'! pet parakeet. . "And the feather! were left on the floor behind my desk,'' Han sen added. . "Nothing else " was touched. Who would do a "thing like that?" . " As for the parakeet, it wasn't talking. WOMEN'S DRESSES 2.99 Velue-p c k d group of Mit from regular itock. Good rang of lizet not in very Ityle, though. Come down early for the pick of the troe.. 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