Pig 6B EUGENE REGISTER-GUARD, Friday, June 22, 1962
mmftMmmm Business Beat mmtmm.mmt JQ StuddltS
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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. !
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