The Bend bulletin., April 19, 1950, Page 4, Image 4

PAGE FOUR
THE BEND BULLETIN, BEND. OREGON
WEDNESDAY. 'APRIL 19. 1950
THE BEND BULLETIN
and CENTRAL OREGON TRESS
Til Bend Bulletin (Weekly) 1908-M31 The Bend Bulletin (Dally) But 1916
Published Every Afternoon Except Sunday and Certain Holiday by The bend ilulletin
73 - 7SS Wall Street Hind. Orenon
. Entered as Second Clasa Matte, January 6, 1017, at the Postofflca at Mend, Orevon
Under Act ot March . 187B.
ROBERT W. SAWYER Editor-Mananer HENHY N. FOWLER Associate Editor
An Independent Kewaiiaper Standing for the Square Deal, Clean IJusineae, Clean Politic
and the Beet JntereeU of Bend and Central OroKon
MEMBER AUDIT BUREAU OF CIRCULATIONS
By Mail By Carrier
One Year. , 8.50 One Year 112.00
Six Months (4.60 Six months 16.01)
Three Months IU1 One Month 11.00
AU Subscriptions are DUE and PAYABLE IN ADVANCE
Please notify us of is? change of address or failure to receive the paper regularly.
WHEN THE BONDS MATURE
How flimsy are the props depended on to uphold U.S. pros
perity may be realized from the recent statement of an east
ern economist, Sumner H. Slichter, in which he stresses im
portance of the vast increase of purchasing power which will
come about in 1952 as war bonds start maturing. Payment of
nearly four billion dollars to bond holders will be due in that
year, with increasing amounts in the three succeeding years
a total of nearly 21 billion dollars.
' The immediate effect of thia payoff will unquestionably be
just what the economist forecasts. There will be heavy in
crease in spending. Some of the money returned to the bond
buyers, who are a pretty representative cross section of the
people of the United States, will go back into new issues of
government bonds. Some (he does not mention this) will be
claimed by the treasury of the national government; rela
tively few. of the outstanding bonds are tax exempt. But
there will still be loose cash for tremendous personal spend
ing. Greater commodity demand and consequent stimulation
of production, of employment and probably of costs and prices
will be natural consequences.
To this extent the picture is rather pleasing than other
wise, although the inflation part of it is discomforting. Of
inflation we have had quite enough already. There is more
to it than just this, however. In the background is the ques
tion of how the payoff is to be made ; what will our United
States government use for money ?
It is elementary to point out that when bonds are sold, the
seller is merely borrowing money ; the buyer of the bonds is
lending it. From industrial and business experience we are
prone to think of the sale of a bond issue as undertaken to pro
.vide means for a capital development for the construction of
new plant which will increase production or permit more
efficient production. From the resulting profit amounts are
set aside for the payment of interest on the loan and for the
repayment of the loan itself. In municipal and state affairs,
loans may or may not be self liquidating. If not, their servic
ing is properly provided for by special taxation. - '
Our nation's debt has neither provision for retirement.
Only a relatively small part of it was incurred for uses from
which there could be any return; the greater part was in--curred
for charities, for over-expenditure in government op
eration, for destruction. For servicing of the bonds which rep
resent the stupendous debt, no special .tax source has been
;tabbed. Not only this, but special taxes for special purposes,
isuch as social security and state unemployment compensation,
have beeit used for general purposes. Huge deficits in opera
tion have been permitted.
So, when these billions upon billions of dollars worth of
bonds mature in 1952, 1953, 1954 and 1955, there will be not
only nothing to pay them with ; there will be less than nothing.
The payoff will be made, rest assured of that, but what will
the treasury use for money? More specifically, how will it
obtain the money? The question is not an idle one.
One answer is that of immediate, additional, heavy taxa
tion. It is a feasible answer but hardly plausible in the face of
a general election this year and a presidential election in 1952.
Another is that of constructive economies, searching, radical
economies providing payment out of savings. This again is
scarcely to be expected from an administration cynically sold
on the political effectiveness of spending to elect. Printing
press money .' Probably not; tnat one would uo too nam to ex
plain, although it doubtless could be engineered.
What we do expect is more bonds which, whether so desig
nated or not, will actually constitute refunding issues. Be
cause interest as well as principal will have to bo puid, these
new bonds will be one-third greater in the amount they repre
sent than the principal debt that their proceeds will retire.
The payoff, that is to say, wiH be achieved by increasing the
national debt. And so, in addition to the direct inflation phase
that we have mentioned m connection with vast spending by
erstwhile bondholders, beginning in '1TJ52, there will be an
over all inflation at the national level.
Individual savings realized by the people will be spent in
large part, the economist suggents, and with reasonable
promptness. Hence, the economic lift. But they will bo offset
by a renewed, increased national acbt a renewed, increased
nromise to pay. The debt cannot be refunded indefinitely. The
promise must bo kept in fact; if not, it becomes a promise of
disaster.
IN CONTEMPT BY MAIL
Chlcopeo, Mass. till Oscar J.
Seguin Jr., was lined $10 for be
ing in contempt of court by mall.
District judge Daniel M. Kcycs
imposed the fine because Srgutn
used tbe word "Injustice" in a
letter to him protesting his de
cision In a small claims case.
SALES SERVICE
ELECTROLUX
Cleaner Air 1'nrlfler
PHIL PHILBROOK
Onlv Atithnrizt'fl l)inlor
1S0-I K. Third. Phono l'-iH.'M
VI C'Tf'fcr-i WW
rADEultf it
VaTsV4BlH y
LIME
FUN FOR EVERYONE!
Plan Now to Attend the
High School Carnival
FRIDAY and SATURDAY
8 p. m. to 11 p. m., High School Gym
Coronaiion of the Queen
Wrestling Tumbling
Fish Ponds Smoker
SpiH'l- (lllll'lc)'
Brcoris-Scctnlon Inc. end
The Shevlin-Hixon Company
WASHINGTON COLUMN
iiiluiiiiiiiiiiimiitMiiiiiiiiiiiuiiiiiiiiiiiiiuiiiiimiiMiiuiiiHiiiiuitiiuuiiiiuiii
By Peter Edson
(NEA Washington Correspondent)
Washington (NEA) There Is
plenty of trouble ahead for the
legislature of the 48 states, Alas
ka and Hawaii if President Tru
man's unemployment insurance
reforms should be adopted. Every
one of them would have to change
its laws to meet the new stand
ards outlined in the president's re
cent special message to congress.
President Truman first asked
for extended unemployment in
surance coverage in his 1946 state
of the union message. He's been
asking for it ever since, without
getting any results.
This time, however, the admin
istration has drafted a bill to car
ry out the president's reforms.
Rep. John McCormack of Massa
chusetts has introduced it in the
house. Few people believe this
bill stands any chance of passage
this year. But if the house ways
and means committee can be per
suaded to hold hearings on the
MccormacK Din, tnese hearings
might have some Influence on the
states.
Nearly all the state legislatures
meet next year. Without waiting
lor congress, the states could
raise their unemployment insur
ance standards. In a way, there-
lore, the presidents message Is
an indirect appeal to the states,
over the heads of congress.
e
The various state unemploy
ment insurance systems now vary
so much in detail it takes an ex
pert to understand them. For In
stance, the present federal law
exempts all employers with few
er than eight employes in any 20
week period of the year. Nineteen
states have sUnilar provisions.
The McCormack bill, however,
would provide unemployment in
surance for an employer of one
employe.
On the matter of how much an
employe must earn to .be eligible
tor unemployment Insurance, the
states vary even more widely. The
low requirement Is $100 a year In
Rhode Island; the high-$600 in
Washington. In between are
many varying formulas.
The new McCormack bill would
reduce them all to three optional
minima. A worker would thus be
eligible for unemployment insur
ance (1) if he earned 30 times as
much as his weekly insurance
benefit, (2) if he earned one-and-one-half
times his highest wage In
any one quarter-year, or (3) if he
was employed 20 weeks. Wash
ington is probably the only state
that would have to change its law
to meet this.
On computation of weekly bene
fit, the McCormack bill would set
the minimum insurance payable
at one-half the weekly wage, up
to maximum insurance of $30 a
week for anyone making $60 a
week or over. Nearly two-thirds
of the states now authorize unenv
ployment insurance payments of
from 50 to 75 per cent of the
weekly wage. The other third
would have to change their laws
to meet McCormack bill stand
ards. .
e e e
Actually, no state has paid in
surance of as much as 50 per cent
of wages. Massachusetts and Lou
isiana in December paid 47 per
cent of the wage, Utah 46 per
cent, Rhode Island 45, Arkansas
44 and 10 other states paid over
w per cent. No state is paying
$30 a week maximum. The high
Massachusetts average last De
cember was 23.bb.
The low states were West "Vir
ginia, Illinois and Florida, which
paid 30 per cent of the weekly
wage. The payment in Florida av
eraged $13.88 a week, in (jeorgla
and Mississippi it was $14.37, in
Tennessee $15.34.
On length of time which the un
employed could draw benefits,
the McCormack bill would set a
standard of 26 weeks. New York
is now the only state that pays
unemployment insurance lor so
long a time. All the other states
would have to amend their laws
to meet such a requirement.
Biggest change which the Mc
Cormack bill would require would
be a revision of state tax laws.
This would come through the pro
vision that unemployment insur.
ance taxes be collected on each
workman's annual wages up to
$4800. The present limit is $3000.
Others Say
LUCKY OREGON
(Corvallis Gazette-Times)
Boy, are we lucky! The people
and the state of Oregon received
$122,209,141 from the great White
Father in Washington in 1949.
That isn't bad. The money was
divided as follows: Grants-in-aid,
$25,939,802; aid loans, $17,071,463;
rivers and dams, $25,210,400;
flood control, $12,886,800.
Yes, we're sure lucky, but we
should have our heads examined
because in order to get our 122
million plus, we sent to the great
White Father the staggering sum
of $414,826,268. In other words,
we lost $292,617,127 on the deal.
This last amount went to ad'
minister OUR oWn money, pay
interest on our deficit spending,
run a cold war, pay for unsalable
dried eggs stored in a Kansas
cave, support peanut prices, and
pay Harry's salary. If you figure
your tax dollar at 100c (which
of course it isn't) we got back
29.4c out or each of our own
dollars. Of course, we may be
lucky at tnat. it is probable that
tna citizens of many states didn t
even get 29.1c back on their dol
lars. The figure of $292,617,127.
YOUR NEW SCHICK ELECTRIC
MUST OUTSHAVE
BLADE RAZORS
OR YOUR MONEY BACK I
SCHICK SUPER
$0050
Come in today and (tot your
new Schick Electric Shnvcr.
Try it for ten d:ya. It must
givo you n nstrr, more com
fnrtablc "have that's just as
close a you want, or you
got your monoy back. Could
any offer bo fairer? We muko
it hecnuso wo'ro confident
that once you use your new
Schick Kloctric Shaver
you'll be a Schick fan for life.
ff houithold deodorant 1
skills wosr-'d
MssUoDORS IN JUSTM
fl
11 rgriTH SSI'
i
Home Permanent
Tests made by nationally known
independent research laboratory
show that Richard I luilnut Crcmc
Waving Lotion (containing 22
more of the effective waving ingrc
dicnt) leaves hair measurably
springier and stronger . . . less apt
to break . . . than most other home
permanent waving lotions.
It's the extra' penetration plus
the gentler conditioning action of
the Richard Iludnut Crcmc Wav
ing Lotion that gives your hair the
wave you wish you were born with
...stronger, springier, with greater
natural sheen.
This wonderful waving lotion is
pleasantly fiagranced, too.
Nume on request
The Richard Hmtnul Home Permanent,
direct from the Richard llmlnut
fifth Avenue Salon .... 2.75 ilm lot
Refill. 1.50 and 2.00 Ww lot
VANCtT COYNE ft'S
.&Z$f PHONE 50
KM
Out on the Farm
By Ha 8. Grant
April 19 Mrs. Duck and her
new husband have settled down
to housekeeping in the chicken
pen. Ophelia, as we call her, isn't
taking her homemaking very
seriously. I thought she would
build a nest and start making
feather beds for the ducklings-to-be.
She laid an egg yesterday on
the chicken house tloor, and went
off and left it, cold and desolate.
I thought she might at least
mother it a little bit.
Worried about what to do with
the egg, I consulted an expert,
who gave me the special short
course on duck culture, over the
telephone. It seems that ducks
lay a series of eggs, and then
go "through a short rest period.
As each egg is laid, you put it in
one of those cartons with egg
shaped compartments, and each
day, turn the box over. (That
saves turning the individual eggs,
It was pointed out, and I agreed
that it would save confusion, as
each egg in the collection would
look a great deal like all the
others.)
When you get enough eggs for
a setting (I forgot to find out the
number), you give them all back
to the duck, who is supposed to
accept them without question,
and see that they hatch in due
time. If the duck isn't coopera
tive, of course you could offer the
eggs to a hen who yearns for a
family, and your problems would
be solved.
No use counting the ducklings
before the egg is quacked, to corn
a phrase, and we'll cope with the
various problems as they are pre
sented. Just live one day at a
time, I always say.
which we lost in our exchange
with the federal government,
looks even worse when we stack
it up against our total tax bill
for running our local and state
governments last year. For
schools, highways, police, admin
istration etc. we paid $198,436,710
in state and local taxes. This fig
ure is certainly high enough, but
we can see what we got for our
money. The horrible thing is that
we could have run our state and
local set ups with the money we
lost in exchange with the federal
government and had some $94
millions left over.
Yeah, we are lucky all right
the only trouble is all our luck Is
bad.
Cloverdale Man
Assigned to Band
At Nevada Base
Cloverdale, April 19 (Special)
PFC Everett T. Paulus, 19, son
of Mr. and Mrs. Leo Paulus, re
cently graduated from a course
in specialized music at the U.S.
A.F. bandsman's school at Boil
ing Air force base, Washington,
D. C.
He has been assigned to the
683rd air force band at the Las
Vegas air base in Nevada.
before reporting to the Las
Vegas base, he spent a week vis
iting his parents.
Mrs. Bill Griswold rode in the
Redmond Saddle club . parade
Sunday. The parade honored Mr.
and Mrs. W. R. Hutcheson, who
are leaving for Hawaii.
Overnignt guests at the Jack
Williams home last week were
Mr. and Mrs. Jack Snowden from
Michigan.
Mr. and Mrs. Fred Woodward
and daughter of Culver were re
cent Sunday dinner guests of Mr.
and Mrs. Jack Williams.
Mr. and Mrs. Lester Gist of
Bend visited Sunday at the home
of Mr. and Mrs. Frank Arnold.
F. A. Gilner, who is a patient
at the veterans hospital in Port
land, returned to his home one
day last week.
A. K. McClintock of Portland
was a Saturday visitor at- the
home of his nephew and family,
Mr. and Mrs. Sherwood Nicholas.
A luncheon guest at the home
of Mr. and Mrs. Leo Paulus Mon
day was Mrs. Gerald Wallace of
North Bend.
Sunday dinner guests at the
George Billingsley home were
Mr. and Mrs. Lester Walton of
Bend, Mr. and Mrs. Boyd Sim
mons of Redmond and Mr. and
Mrs. Jack Hamrick.
Allan Gilner left Portland Sun
day by plane for Oklahoma on a
business trip.
Ray Stanton attended the 4-H
leaders meeting at Redmond
Thursday of last week.
Mrs. Willard Cyrus and child
ren made a business trip to Eu
gene over the week end.
Mr. and Mrs. Chuck Christy
and children were Monday eve
ning dinner guests at the home
of Mr. and Mrs. Charlie Christy.
Saturday dinner guests at the
home of Mr. and Mrs. Jack Ham
rick were Mr. and Mrs. Lester
Walton of Bend and Mr. and Mrs.
Boyd Simmons of Redmond.
Omar Cyrus, his son, Melvin,
Missionary To
Speak Thursday
Rev. H. W. Edmonds, mission
ary from the Philippines, will
speak in Bend Thursday, April
20, at the Alliance Tabernacle,
520 Lance road, at 7:30 p.m.
Rev. Edmonds, who was in a
Japanese internment camp, will
show pictures of his experiences
and of missions in the Pacific
area.
and Mrs. Grace Aikens of Sis
ters attended the funeral of Cy
rus' uncle, George Sutherland, at
Scio Monday.
Marvin Christy of Tule Lake,
Calif., visited Sunday at the home
of his parents, Mr. and Mrs. Char
lie Christy.
Mr. and Mrs. E. A. Cyr were
dinner guests Thursday at the
C. W. Martin home.
Mr. and Mrs. Charlie Bell called
Sunday evening at the home of
Mr. and Mrs. Frank Arnold.
Northwest Gets
Fair Weather
(By United Press)
Fair weather with daytime tern
peratures as high as 85 degrees
was forecast for the entire west
coast, Nevada and Idaho Wednes
day by the U.S. weather bureau.
Warmest northwest district is
expected to be the southern in
terior of Oregon with 75 to 90
the northwest, temperatures rang
degrees Thursday. Elsewhere In
ing between 60 and 75 degrees
were forecast for Wednesday and
Thursday as easterly and north
easterly winds cleared skies of
cloud formations.
STILL AT IT
Chatham, Mass. KB Willard A.
Swan, who killed his first fox
about the time the CivU war
broke out, spent his 101st birth
day gunning for his 200th.
TUNEUP FOR SPRING!
auto lr
More power, more zip you're ready for that
trip! Our skilled mechanics quickly tuneup
your motor, smooth out all quirks, and erase
all traces of winter driving. Drive in today
for a Spring checkup then you'll be "All Set
to go."
CARROLL MOTORS
. Authorized DE SOTO PLYMOUTH Dealer
168 Greenwood Ave. Phone 387
DIAMOND-T TRUCKS MoPAB PARTS
Tho Styleline De Lu 4-Door Sedan
NEW STYLE-STAR
BODIES BY FISHER
CENTER-POINT STEERING
NEW TWO-TONE
FISHER INTERIORS
EXTRA-ECONOMICAL TO OWN
OPERATE AND MAINTAIN
BIGGEST OF ALL
LOW-PRICED CARS
CURVED WINDSHIELD
with PANORAMIC VISIBILITY
PROVED CERTI-SAFE
HYDRAULIC BRAKES
Get all these better features
and save money, too!
Make your own comparisons . . . make your
own tests ... and you'll find that Chevrolet
and only Chevrolet brings you all these bet
ter features of motoring while saving you
money in all ways!
Chevrolet alone brings you the fines! body
beauty and luxury at lowest cost. Chevrolet
alone offers you your choice of the finest
no-shift driving or standard driving at lowest
cost. Chevrolet alone gives the finest Valve-m-Head
engine performance and dependa
bility at lowest cost! . And Chevrolet ulonc
provides the finest riding-comfort and safety
at lowest cost!
The reasons are basic, for onlv Chevrolet
brings you the widely acclaimed built-in fea
tures which produce these outstanding mo-
NEW LOWER PRICES
make Chevrolet more than ever
AMERICA'S' BEST SELLER
. . . AMERICA'S BEST BUY
taring advantages, at the lowest prices and
with such remarkably low cost of operation
and upkeep.
Come in . . . get all these better features
and save money, too, by choosing a 1950
Chevrolet . . . first and finest at lowest cost!
Introducing Chevrolet's Exclusive New
POWER
6m
AUTOMATIC TRANSMISSION
Combination of Ponerglide Transmission anil
W5-n.p. engine optional on De Luxe models
at extra cost.
rcril ; ,
L
iiiii mumim ininniisi mm mm i
FIRST. . . and Finest ... at Lowest Cost!
BEND GARAGE COMPANY
709 Wall Street
rjj 1
Phone 193
FRECKLES AND HIS FRIENDS
Y3U I SOS TuiMkl
OURE PRElfV
SHARP SOFTBALL. STON BV EWT RUNi
rLAYEKTS . DOM T
ft 'IJgH"
Y
l N TTTTTTTTT
we we be sharp
EMOUGH TOIAkE klMflr
THAT AIMT DULL
LUCK, hum?
STUWSLEBUMS
ALWAYS
LUCKY '
WMEM
THE.V get
LIMPS'
By Merrill Blosser
X
6h fmv BiiuJtsemiririii tvi ii'mi mum