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About Eugene register-guard. (Eugene, Or.) 1930-1983 | View Entire Issue (June 22, 1962)
Pig 6B EUGENE REGISTER-GUARD, Friday, June 22, 1962 mmftMmmm Business Beat mmtmm.mmt JQ StuddltS n JLUILO U11U VV jjVJCl VlldllLC Business Gain i ! At Research By BOB NKVVCOMB or the Heiliter-Guird Bank debits, which provide one indicator of general busi ness activity reached $116,487,000 for the month of May this year in Eugene, a 14 per cent gain over the value of debits recorded for that month, 1981. According to figures released by the Federal Reserve Bank of San Francisco, debits here in May, 1961 reached only $101, 975,000. A 14 per cent gain also is recorded for the first five months of this year as compared to that same period a year ago. By the end n May this year, Eugene bank debits totaled $521, 330,000. By the same time last year, debits reached only $458, 4.10,000. Eugene's percentage increase to date has exceeded both Portland and Salem. By the end of May this year, Portland debits totaled $5.8 billion 9 per cent above the year ago fig ure. Salem's debits for the first five months this year $738, 329,000 exceeded Eugene's, but the figure was less than 1 per cent above the same period a year ago. Debits represent the value of checks drawn against accounts. PLACEMENT SKRVICK TO OPEN Richard C. Gerber, of 354 W. Sixth Ave., Eugene, has announced that he plans to open Gcrber's Employment Service In his home near downtown Eugene next Monday. Gerber received a license to operate the business this week from the State Bureau of Lahnr. For the past two years, he has operated a bookkeeping, notary public and lax service at the same address. He has been a resident here since 1954, end is a graduate in junior accounting and cost accounting of University Business College, Eugene. The service will be open from 7 a.m. to 4 p.m. standard, 8 a:m. to 5 p.m. daylight Monday through Friday. PLUMBERS TO ASSIST U.S. LAB Clarence Vos Eugene plumbing contractor and an outgoing director representing five Northwest stales of the National Assn. of Plumbing and Heating Contractors has returned to Eugene after attending a two-week convention of the association in St. Louis. The plumbers, he said, voted in favor of giving financial and technical support to a U.S. Public Health Department test ing laboratory at the University of Michigan. The vote fol lowed a request by the health department, Vos said, asking for assistance to the lab, which tests new plumbing fixtures and materials. Vos, who served as chaplain at the convention, is being suc ceeded next month as a director representing Oregon, Wash ington, Idaho, Montana and Alaska. - Should U.S. Try Deficit Financing Used in Europe? EDITOR'S NOTE: 1)1 Euro fiean popenimeiil inducing the left hand many not know what the, right hand is doing. In this, last of a series oj sell contained articles an the U.S. budget, Sam Dawson, AP busi ness news analyst, asks if Un cle Sam should try this trick. By SAM DAWSON Of the Assot-lnlrri I'rr.ss NEW YORK Ml You can live within your means while going further into debt to build up your economic muscle. At least, some European countries, notably France, appear to be doing it. The secret is keeping two sets of books. President Kennedy suggests the deficit-plagued U.S. Treas ury might study this for pointers. Some of his advisers urge that old - fashioned ideas like balancing the formal budget be tossed in the a.shcan as mean ingless in the new economic ace they glimpse. Financial leaders, husiness executives, and many run- of-thc-niill lax payers are sure to brand Ibis as heresy, as a step toward fis cal disaster. The President says the im portant thing isn't achiev'r-- a balance every year in !hu ior- Business Records for Wrrk of May It In J.int 4 Humid .leimcn, rrslrlrnri t 2411 Jonquil St , fciicom nd.lfiR Trd (nil ii. ii-si-io on A I hp r I ptrrrl. KiifletiP, $lfi,1.Ml. B & Y 1 uveal mcnl Co., three rr rirtirp on Cnnnnn Street, Lowell, $ 1 7,7.1ft. n. K. Whlteiter, rentilrtue on Wis consin Street, KuRenr, $I0,i)ikv Mm. us I'i'UM'mhi, Htltlltloii at ."Ifil W. Hrnrlv St , Kiii-rne. $1,fiiMl. MAllrv Mill Sihnnl, Ht. 4, Kimene. mtflttlnn, $f2,0o0. Unhrit , 'I utile, residence At McKetwte Hritisc, S1R.RM1, .1. H, How nrd, hmtip M l.eahtit g, Kucene farm era Co-op, ware house on Pratrle mid Irving Rods, Kucene. IW.OOo Ple rng, reside me at t'obut g. Rimel' Wins low, residence ( Ififtfl Hmhllng Orlvp, Springfield, $13,7fiO, Snmiir I T. Cook, residence on Thornton Corner Ho Jul, CnttHge drove. $1 1 H YV. 11. Kiddle, remodeling at 210 Rockv Lane, Kugene S.1.M4. Klnier Hrvant , residence on Val entine Park", Springfield, llO.nsn Charles Hney, residence on Shore I.jtnr, Kuiiene. $11. MM. lov d K on Id tw o residences at fl-flM.l 40th Place. Kugene, 17,71R Milbert Lawson, residence at Mill HoaH. Springfield, IH.rtfi, Haid Wood, residence In Lowell, W.244. ti A McGregor, residence on nahlia Lane. Kugene, $10,17. A. West Johnion, remodeling at 11 S. Park St.. Kugene, 1 .47ft. Franc la l.awrenre, restdenc on l egal St , Kugene, $4 !WN , man (iunter, residence at 3T45 Washington St., Kugene, 13,S0 Sam Hitller, residence at .147 Harris St., Kugene. $i,OHO Herman Simmon, residence at Klnrald St., Kugene, $y,:HH .'antes N -irbonmt;!', residence at 10o Hlmore St , Kugene, W,4iKt. William Wiehtnan. remodeling at StTS Jefferson Si.. Kugene, ll.floi), Hreedon Bros , four resldenrei at 4'JV Donald SI, and on Kt 47lh and Last 4ftth Streets, Kugene, UH.300. W. M fjeer. rrKlimr M 1M W. tHirt SI , .Sprmslii Id, tt-.'XV mal buriRol, which he trrms misleading in its present form, hul assuring economic growth Tor full employment.' Kuropean Practice Cited Jlis budgd dire-dor, David E. Hell, .suggests one method, which he admits may bo too far out for adoption: "Making budg et decisions not in terms of the actual revenue outlook for the next year, but instead in terms of what the budget will look like in a year of full employ ment." Both the President and the budget head take note of the Kuropean practice of having two budgets. One balances current operating expenses with tax col lections to the apparent satisfac tion of Kuropean legislatures. The other meets the costs of gov ernment loans, subsidies and public works by borrowing, with out the naughty word "deficit" ever being so much as breathed. If France kept its books as the U.S. Treasury does its ad- I minislrative b u d g e 1, France I would have shown a deficit in ! each of the last 10 years. Taking Away, Not Increasing Admirers of the Kuropean system point to the faster eco nomic growth there than here without the question of Treasury deficits sparking monetary in flation ever being raised. ! This is the difference in the j U.S. and French systems: I The t'.S. Treasury usually . borrows from the banks to meet : its deficits, and thus creates a j bigger supply of money and I credit, with the danger of in flation. France and oilier Ku- i ropean nations normally do their j borrowing hy selling securities I ; to the public, and thus lake ; away spending money rather than increasing credit. Critics of the French double budgetary .standard charge that ; the apparent absence of a defi cit tends to weaken the resist ! ance of legislatures to more and more spending schemes-- and some add that American legis lative resistance is low enough as it is. System 'Doesn't Work' 1 As for the United Slates, Hell contends that the belief com- , mon ;t0 years ago that balancing the budget is the only proper 'standard has been generally ! abandoned. More, he contends that todays dogma of balancing; the budget oxer a business cycle that is. deficits in recrions to boost business, ami surpluses during recoeries to curb mfla ; lion doesn't work under pies , cut circumstances. Hell holds that in recent t-ais 't business recoveries have not hrought full employment or full use of industrial rapacity. He says the government must step in with deficit spending lo as sure these goals, with resultant prosperity balancing future - budgets. Most businessmen and main ! eongiessme n ar pretty jure to ; line up aeainrt this deficit ! spending theort. A group of undergraduate stu dents at the University of Ore gon are being given the oppor tunity to participate in, and con duct, original research through a program in the department of psychology. The National Science Founda tion, through its undergraduate science education program, has just announced a $36,040 grant to the University to support the program through July, 1964. An original NSF grant of $19,255 supported the program during the past year. Harry A. Shoemaker, assistant professor of psychology, is di rector of the project. Approximately 25 outstand ing students, mostly sophomores, are chosen from the Introduc tion to Psychology laboratory course during fall term. During the next two terms, they partici pate in a special honors labora tory section in which they are introduced to basic methods, procedures, and theories of re search by becoming apprentices in actual research projects be ing conducted by faculty mem bers. Under Close Supervision After this preparatory phase, they may apply for the NSF pro gram, which is held during sum mer session as well as during the regular academic year. About 10 students are chosen for the NSF program each term and receive small stipends. Jn most cases, the students launch research projects of their own, under the close su pervision of faculty members and graduate research assistants. The student projects are usually related to the faculty projects, but in some cases, are entirely independent of them. Students are required to sub mit standard research reports on the completion of their proj ects. Some of the reports al ready submitted are of such high caliber that they may be suitable for publication in sci entific journals, Shoemaker said. Still a Young Science '.'There is a much greater op portunity for an undergraduate to make an important original finding in psychology than in such sciences as chemistry and physics, because psychology is still a young science with many unexplored areas," Shoemaker said. "In many of the physical and biological sciences, the stu dents must absorb such a large body of knowledge that they cannot hope to undertake any original independent research work until they reach the gradu ate level." Jn addition to the advantages of allowing students to learn the principles of psychology in an actual research situation, Shoe maker pointed out, the program j gives students the opportunity I to find out early in the educa tional process whether they are interested m, and suited for, a career in research psychology. Hit Comedy and Miisical Revived Tonight, Saturday Revivals of two highly suc cessful local theater produc tions will be presented tonight and Saturday night. "Send Me No Flowers," a comedy that drew large crowds at the Very Little Theater in its late May and June run, will be presented at 7:15 p.m. standard, 8:15 p.m. daylight both nights. Tickets, priced at $1, will be on sale at the theater at Fairgrounds To Be Scene Of Goat Show The annual Ruck and Kid Show of the Kmerald Dairy Goat Club will be held Sunday at the Kane County Fairgrounds in Kugene, The show will begin at 10:30 a.m. standard, 11:30 a.m. day light, tirade does will he shown first, with the purebred breeds French Alpine, Nubian, Saanen, and TtiggcnhiirK following in that order. Trophies will he awarded the best female and male of each breed and to the best female grade goat. Kntnes are limited j to registered bucks of all ages 1 and to female kids of all breeds, j including grade, born after Dec. ; 1, lMfil. i Allen Rogers of Sherwood, president of the American Milk Goal Record Assn., and George i Rodger if Monmouth will 1 serve as judges. ; Kntnes will be accepted at the Fairgrounds Sunday. Fees are 45 cents for each goat born after Dec. 1, IfloM, and 75 cents for those born before. Maxi mum fee for anv exhibitor will be $5. Degree Received Sister Maine--n Dougherty, of i 475 Sat re St.. Kugene, received the master of arts degree from j the Catholic University of Amer ! lea, Washington. I' ( , at .tune; commencement exercises. Architect Hired For City Parks Edwin R. Smith, formerly with the State Highway Dept. in Salem, has been hired as a land scape architect for the Eugene Bureau of Parks and Recreation. Supt. Tex Matsler made the announcement Thursday. Smith is a graduate of the University of Oregon school of architec-1 ture. He and his wife, Marjorie, j and their three children, live at ! 170 Bailey Lane. 1 Except for the time he was with the state highway depart ment, Smith has lived in Eu-1 gene since he was 10 years old. , 24th and Hilyard tomorrow afternoon and an hour before curtain time both nights. A spokesman said better tickets are available for Saturday night. "Showboat," University The atre's musical that was a sell out during its initial seven performance run, is being pre sented tonight and Saturday hy Carnival Theatre. Show time is 7:30 p.m. standard, 8:30 p.m. daylight. Tickets will be on sale be fore showtime both nights and on Saturday afternoon. Price is $2. Continuing tonight and Sat urday at the Valley Round Summer Theater just outside of Corvallis on Highway 34 is "The Moon Is Blue." Show time is 7:15 p.m. standard, 8:15 p.m. daylight; Tickets are $1. Golden Agers To 'Cut Loose' Almost 100 members of the Eugene Golden Age Club will whoop it up for a week in Reno next month. The club has voted to charter two buses to make the trip. They'll leave Eugene the morn ing of Monday, July 9, and re turn Friday of that week. Tex Matsler, director of the city's Parks and Recreation Dept., said club members got the idea from other Golden Age clubs, some of which have j passed through Eugene on their I way lo the Seattle World's Fair, j The Eugene group may also make a trip to the World's Fair later this summer, Matsler said. ! The Golden Age Club, which i meets at the city's Washington Park Recreation Center, is open I to anyone 50 years of age and older. Elementary Education Workshop Set A workshop in elementary education will begin Monday at the University of Oregon. The two-week workshop is de signed for classroom teachers interested in working on class room or school district prob lems or projects. They will use library resources and the co - sullant assistance of the ele mentary education specialists at the University. Fourteen summer session workshops and institutes started at the University last Monday. Some of them will last through Aug. 10, while others are of shorter duration. Station Planned MEXICO CITY (ffl Mexico plans to build a radar and life-i saving station on the Island of : Sacrifices off Yucatan. ! Call Us First HOME SALES SPECIALISTS Al! transactions closed tn escrow for your protection! FREE HOME PRICE ESTIMATES tNORDBY REALTY COMPANY Phone Dl 2-1861 KILLS LAWN MOTHS (Sod Webworms) ANTS EARWIGS CRICKETS and many other InsectsI BUY CHLORDANE TODAY-END BUG PROBLEMS VELSICOL CHEMICAL CORPORATION 2012 Canter St., Brktly, Calif. A new wood siding with a guaranteed prime coat of paint Weyerhaeuser takes over where nature leaves off in the production of tough, weather-tight and beautiful wood sidings for America's homes. New PRIMEWOOD bevel siding is a case in point. 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