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12 Capital Journal, Salem, Oregon, Thursday, July 14, 1949
KEEPING OLD MAN BROKE
Uncle Sam Has Too Many
Folks Depending Upon Him
By SAM DAWSON
New York, July 13 VP) Uncle Sam is in the red again. He's
pending more than he takes in he has more relatives and old
friends dependent upon him than a movie star.
And the U. S. treasury is now trying to decide from a number
of suggestions by interested parties which is the best way to
praise the cash to pay the bills
It's looking for the way that will
be the least painful for the
treasury and at the same time
be profitable for the banks and
maybe give business a helping
hand, too.
The treasury calls this deficit
financing.
Six months ago President
Truman wanted more taxes to
keep the treasury in the black,
saying a budget surplus "is es
sential to sound fiscal policy."
Now he plumps for deficit fi
nancing as the better course at
this time.
Oregon Cheese
Bought by ECA
Portland, Ore., July 14 u.R
Some 100,000 pounds of Ched
dar cheese, made in Portland
and purchased with ECA funds
by the British ministry, today
was shipped to England the ori
ginal home of Cheddar cheese.
The cheese was bought from
the Consolidated Dairy Products
Co., the sales agency for 45
northwest dairy co-operatives.
Sniffing Dutchmen loaded tnc
cargo aboard the Dutch motor
ship Delftdyk yesterday. The
sale was the largest made to any
foreign buyer by the Oregon
dairy industry since January,
1948. At that time 500,000
pounds of cheddar cheese was
shipped to the British Isles.
Little Garden Club
Drops Monthly Picnic
Salem Heights The Little
Garden club of Salem Heights
will hold no picnic this month,
but will hold. their August meet
ing. Bible school begun Monday at
the Salem Heights Community
hall. There is a story hour
every afternoon at 1:00 to 2:30.
Every youngster in the commu
nity who wishes is invited to
attend. ,
Bob Gorton is convalescing in
his home on Ewald ave. He un
derwent a major operation re
cently at the Salem General hospital.
His economic counsellors say
in their mid-year report that if
we cut down on foreign aid and
national defense two of the
biggest items we'll not only be
taking a serious risk, but will
be cutting off the flow of fed
eral dollars to consumers, and
thus lead to more lay-offs.
Deficit financing will pump
new money into the economic
stream, through treasury bor
rowing from banks. At the same
time, various industries will pro
fit from continued government
buying, subsidies and social se
curity payments. According to
this school of thought, this will
give time for everyone to get
his second postwar wind and
be off again on the road to re
covery.
They contend that borrowing
is an accepted practice in the
business world. Great indus
trial empires are started on bor
rowed money. Corporations
borrow to expand, to meet pay
rolls, to finance inventories in j
anticipation of future sales. j
Certainly the American peo- i
Jewish Rabbi
Scores Robeson
Washington, July 14 W) A
Jewish leader accused Negro
Singer Paul Robeson today of
taking part in "a deliberate
communist conspiracy to in
flame racial and religious mi
norities here against the Unit
ed States."
The statement by Rabbi Ban
jamin Schultz of New York, ex
ecutive director of the Ameri
can Jewish League Against Com
munism, was presented to the
house committee on un-American
activities.
It was made public just after
pie are used tn ripfinit financ
ing by now. We've been in and
oui oi me red witn Uncle Sam
for years. In the last 30 years
rarelv in thp miririln '9n
again a year ago have we used
DiacK WK. Meanwhile the fed
eral debt has grown to more
than $252 billion. The ques
tion businessmen ask is how
much higher can it safely go.
If it's finally decided to go on
spending at the old rate, the
next problem is Just how the
treasury should borrow the
money to meet the bills.
Long-term bonds with com
paratively high interest rates
will appeal to private investors
and institutions, and cost the
treasury most. Banks with
money on their hands just now
because business
term treasury notes with mod
erate yields. 1
tne committee received wora
that Jackie Robinson, Negro star
second baseman for the Brook
lyn Dodgers, will be a week late
in making his top-billed appear
ance as a witness. The commit
tee had scheduled Robinson as
lead-off man for a team of Ne
gro witnesses to testify that most
Americans of their race are loy
al citizens.
Committee aides said Robin
son definitely will appear next
Monday.
Indiana's motto Is "The Cross
roads of America."
..at .A
Jaycettes at Park .
Silverton More than fifty
guests attended the annual eve
ning picnic supper and social
hour at the city park, when the
members of the Jaycettes were
hostess group to members of
their families. Supper was serv
ed ai o:au ociock. Mrs. virgu
Petitt, president, was official
hostess.
Bean Harvest Starts
Grand Island Pole bean har
vest started Monday with a full
crew at the Henry and Albert
Schindler farm.
mwriShtng j I
Mother KhousTBesn
For BIGGER and BETTER
GG$
Maximum igg production.,
at lower cotn. Thir's the story
of TriangI X-tra egg pro
ducer. A carefully balanced
feed supplying the require
ments for more extra grade
gga. Mash or pellets.
smwi
MARKET
HOURS
9 a.m. to 9 p.m.
7 days per week
TRIANGLE X-TRA EGG PRODUCER
' SEE YOUR LOCAL TRIANGLE DEALER
TERMS LESS
THAN 10 a Da
DAV "
PAY
WEEKLY
1 MONTHLY
MP
1 -DAY-SERVICE
Rtgardteis of where
you have your eyei ei
amintd, bring your pre
icripllon lo SEMLER Op
tical OHlcei for Spetdy
Strvice and Assured
Quality. Olouei ready
in 24 hours.
No InUrail or Extra Charge on the SEMLER
liberal Credit Plan, and you you can Moke
Your Own Reasonable Terms...
WEAR GLASSES WHILE PAYINGI
NEW
STYLES
SMART
COLORS
and A
DESIGNS
1
6 f&g HARRY
f 7 SEMLER
'.''W 2K P'.iW.nl
Y 4 Founder
OPEN DAILY
6 30 AM 5,30 Hi'
5I.I,30AM.lf
3-3311
.3-3311
Qpltcaf,
1 OFFICE
ES
Wdm-AJolpti lldg. STATE ( COMMERCIAL Soltm.Ore.
. . DISPENSING OPTICIANS
1 if - i
: v:.i "'
GEORGE SCHAUB
Owner - Operator
Grocery
2715 South Commercial
Phone 2-3556
? GRAND
OPENING
of a Grand Market
Free Corsages for the Ladies "
Saturday, 1 P.M. to 5 P.M.
Free Coffee and Donuts
Friday and Saturday
Balloons for Kiddies with Their
Parents. Many other FREE Gifts,
HOURS
9 a.m. to 9 p.m.
7 days per week
! Y f4
1 V;--
'Vl Xs 1 .
GEORGE IRELAND
Owner - Operator
Meats
JUtI IMMI to CAimilt
Snoboy Apricots (0)(p
PER LUG
Snoboy Playmate Certificate in Each Lug
2 2
CUCUMBERS . 3...13C
LEMONS p. 29c
ORANGE JUICE
Standby 46 oz. can
43c
COOKIES
Col-Ray, Chocolate Beverly Creams .514 oz. pkgs. 2 'or 21c
DRESSING Durkee't, Whipped .-.Quart
49c
SPRY AND CRISC0 83c
u. s. gov t. si i nn . u. s. govt
inspected ireianas ivieais inspected
U. S. GOV'T.
Pork Chops 59c
Lean - Tender
BONELESS
Picnic Hams 48c
Swift's Premium Rolled and Cured
Weiners
Lb.
39c
Skinless - Juicy Tender
Cottage
Cheese 23t
Cream, Country or Chives
Cherry Lane
AVING (OI'ENTER
Stores
SALEM
Vz Mile North of
Underpass
WEST SALEM
At Foot of Bridge
Both Stores Open from 8 A.M. to 10 P.M. Daily
Specials for Friday, Saturday and Sunday
BREAD
iy2 pound
White loaf.
18Cor2 for 35c
BABY FOOD 5'
SYRUP
Ti Pounds
Crystal
15c each or. .
2 , 25c
CRACKERS
Sunshine
2 lb. box.
29c
SUGAR
Holly
(Slightly lumpy)
100 lb
8.49
Produce Department
RADISHES and
GREEN ONIONS
Bunch
5c
CANNING APRICOTS
Are now at their peak. We have a wide variety at the
lowest market price.
U. S. NO. 1
WATERMELONS - Ice Cold
WE GUARANTEE THEM
We have a large variety of cantaloupe
Honeydews, Casabas and Persian
Melons. Also extra fancy peaches.
Meat Department
Watch This Ad for the Lowest
Prices in the Salem Area
SMOKED SUGAR CURED
SPARE RIBS lb.T(2
HOCKS u "
PURE LARD
2 lbs. for
Bring Your Own Container
25c
BEEF LIVER. b 45c
PORK LINKS. 43c
T-BONE STEAKS.. 48c
75c
SKINLESS
WIENERS
2 lbs.
LAST WEEK PRIZE WINNERS
MRS. WOLF, Gervais A hog
Drawing by Mrs. Harris of Sheridan
MRS. JUNE WILSON 1 slab Mon Ark Bacon.
MRS. SHARON OSBOURN 1 Mon Ark Ham.
MRS. PETE BESSETT, Mapleton $2.50.
RUDY FALLON, 2070 N. Commercial $2.00.
Drawings by Lavell Patterson, Dayton, Rt. 1
aving (Renter
Stores
At the Foot of
The Bridge
WEST SALEM
Vi Mile North
Of the Underpass
SALEM