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E A S T E R N O R E G O N R E V IE W
F R ID A Y , J U L Y J4, 1950
SEWING CIRCLE PATTERNS
INFLATION HABTT
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PAGE THREE
Two Ways Open for Government Button-on Cape Tops Sun Dress
To H alt U. S. Inflation Habit
Shirtwaister Is Neat and Cool
/ h it it the tecond rtf tu n arliclei on inflation, how it w orkt anti i l l f u t u r e
at prepared by the I am ily l.to n o m ia llureau of N orth w eitern N ational Life
Inturance tom pan y.
T here are v»rily two ways in which a governm ent can stop the
in flatio n ary habit of spending more than it tak es in: (1) collect
more, and (2 ) spend less.
Collect more? Taxes now collected by o u r fed eral, state and
local governments already take
This is p re tty generally thought
we can carry, and still continue the
greatest Job of producing people’s
goods that has been known in all
history.
(Spend Iraaf O ur government can
not spend less, until there Is a halt
to the growing pressures for It to
spend still more
In the late-lamented pyramid club
craze, the great mass of “joiners”
paid In, from the bottom layer, the
money passed out to the winners on
top.
a fo u rth o f o u r n atio n al income.
to be about as heavy a ta x load as
Two Tax Forms
•
Aspen, once the boom
town of silver and gold
miners, is fast becoming
one of the culture centers
of "culture - conscious"
Colorado. Set in a mag
nificent section of t h e
Rocky mountains, it of
fers tourists the natural
facilities of
mountain
streams and lakes, skiing,
and other outdoor sports.
Above summer visitors
e n j o y a ride. Special
guided pack - trips into
the high country are a
favorite summer activity.
Fishing for t h e elusive
rainbow trout is another
popular sport. The stream
(right) is t h e famous
Roaring Fork river where
gold was panned in the
oO's.
i'C S T "*" '
...
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■■
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7
But not to be outdone
by other western towns,
Aspen has scheduled an
eleven-week program fea
turing the theme "Great
Bools, Great Men, and
Great Music" as an add
ed attraction for tourists.
During the weeks, June
26 to S e p t e m b e r 10,
great books and g r e a t
men will be discussed
daily by outstanding au
t h o r i t i e s , interspersed
with a series of concerts
by the Denver symphony
orchestra.
0
A
group of
tourists
(above) loaf on the sun-
deck when not hearing
lectures or concerts by
such artists
as Lauritz
Mclchoir
and
Helen
Traubcl.
The Saarinen
tent (right) was designed
especially for Aspen mu
sical and cultural events,
by the Finnish architect,
Eero Saarinen. Inside, it is
an
acoustically
amphitheater.
perfect
The
tent
was first used for the suc
cessful Goethe bicenten
nial celebration at Aspen
last summer.
Just as surely, the general public
pays in, from th. bottom layers of
Uncle Sam’s vast system of tax
"pyramid clubs,” most of the dol
lars paid out to the groups of re
The above chart prepared by
cipients at the top of the various
the Fam ily Economica Bureau
pyramids.
of Northwestern National Life
Uncle Sam’s tax pyramids have
Insurance company shows clear
two different forms:
ly why your dollar has shrunk
Type 1: The public, from the bot
to 57 cents’ worth.
tom layer, pays In its contributions
directly, as income taxes, property
“shot” of stimulation and a tem
taxes, automobile licenses, gasoline
porary feeling of new vigor to
taxes, cigarette taxes, etc., to the
our system.
layer of tax collectors next above,
Therefore, like the victim of the
which passes them up to the Treas
ury, which passes them on up to drug habit, the nation with the in
flation habit has periods of feverish
the recipients.
Type 2: The public, from the bot over-stimulation and activity, fol
tom layer of a taller pyramid, pays lowed by sinking spells of increas
in Its contributions in the cost of ing severity. To pull out of such fits
business taxes which are added to of depression, still larger doses of
all the other costs of goods the pub the same inflation drug are taken,
lic buys. For business pays its tax until final crack-up.
To break either habit Is h a r d -
es, like all its other expenses, from
prices received for goods—the only even painful for a time. It becomes
possible source, in the long run. In more difficult and more painful the
this type of pyramid the retailers, longer the habit runs on.
wholesalers and manufacturers form
Unlike a number of foreign na
several additional layers which pick
tions, we have not yet reached
the tax money out of the prices paid,
the point of no return. In spite
and pass it up to the layer of tax
of all the punishment it has
collector. From here up the pyra
taken, our free American pro
mid operates the same as type one.
ductive system still has a strong
Uncle Sam’s tax “ pyramid
heart-beat.
clubs” are not in themselves in
How can we begin the cure. In
flationary, for they add no new
time? There is no easy answer. No
paper money or checkbook dol
miracle cure for inflation.
lars to our total supply. After
all, the pyramid club compari
"Cure" Outlined
son Is just a graphic illustration
Because our country is a democ
of how our tax system works as
racy, the cure for our ruinous in
it collects dollars from the pub
flation habit depends on the Am eri
lic on the bottom and pays the
can people themselves. I t depends
same dollars out from the top.
on their aroused intelligence— on
But the heavier the “ contribu their hard, straight thinking—on
tions” collected through the various their willingness to dig beneath the
tax pyramids', the less leeway is pleasant slogans and attractive
left for the public to finance new de labels used by all political parties
mands on government, whether for and all pressure groups.
security benefits of highway build
The vital steps in curing our in
ing, jet planes or atomic research.
flation habit boil down to three:
Because our government does not
1. Cut down government spending,
even now receive enough contribu by the strictest economy, so that it
tions from its tax pyramids to meet is less than government income.
all the demands made on it. it there
2. In time of high national income
fore has to pour out new, borrowed
like the present, reduce the vast
checkbook dollars to pay some of
its expenses each year.
This Is quantity of borrowed dollars out
standing by paying off on our in
where we get our present continuous
creeping inflation—Inflation that re flationary government debt.
3. Encourage greater production
lentlessly chisels down the value of
of needed goods in every possible
all the dollars the people have left
way.
after making their tax pyramid con
tributions. This means not only the | As a nation, however, we are at
paycheck and pension dollars the present doing the exact opposite of
1 all three steps in the cure:
people have to live on today, but
We are ignoring Inflationary
also all the dollars being stored up
government spending, or ac
for the people’s future living— for
tually demanding still more. We
their “ security” .
Because Uncle Sam is spending
are steadily increasing our gov
several billion dollars more each
ernment debt. We are permit
year than he collects through his
ting the production of needed
various tax pyramids, out money
goods to be discouraged or
supply inflates still further on bor
handicapped in many ways, or
rowed dollars, and the value of all
halted outright.
our dollars Is gradually thinning
Meanwhile, inflation blurs the dan
down.
gerous realities with happy dream-
pictures of more paper dollars for
Point of No Return
But Uncle Sam finds it hard to everybody.
That is why institutions entrusted
stop this destructive inflation habit
in the face of growing demands for with the people’s savings, and there
fore with the people’s hopes for
him to spend even more.
These demands come largely from future security, are beginning to
so-called "pressure groups", who raise their voices in warning. In so
want for their members still larger doing, of course, they w ill risk be
"contributions” , which are sooner ing accused of meddling in politics,
or later collected from the general although the inflation danger ob
public on the bottom layer of each serves no party lines. It is, however,
tax pyramid, or sucked out of the a risk they must run.
Our inflation can still be halted.
value of everybody's savings by in
But it will only be halted if enough
flation.
But before any citizen complains people realize, in time, what infla
about pressure group activities, let tion is doing to us all.
him ask himself whether he, too,
In conclusion it is well for Am er
has not been guilty.
icans to remember the reason why
the dollar has shrunk to 57 cents
As long as there Is some re
worth of purchasing power. Since
serve of vitality left in Its vic
1939 the total number of dollars
tim , the drug addict’s hypo
! in circulation in the United States
dermic needle can continue to
has more than trebled, from 33 bil-
stimulate. As long as there Is
, lion to nearly 109 billion, while our
any considerable reserve of
vaiue left In the people’s savings
industrial production of goods to
i buy has less than doubled.
and III the dollar Itself, Inflation
The result: cheaper money, each
can continue to create new
, dollar’s proportionate worth in
greenbacks and new government
goods has fallen until it now takes
checkbook dollars that look like
1.78 to buy as much as one dollar
new “ purchasing
power” . As
j would buy In 1939.
they are spent they give another
Politicians Push Pork Barrel Projects
• The Four Season Club tennis court (above) is the scene of a hot tennis game between tour
ists. Even in midsummer it's almost always cool enough for tennis.
Immediately behind the
clubhouse rises one of the foothills of the Rockies' valley of the Roaring Fork.
Why are so-called "pork barrel" spending projects pushed so
earnestly by so many politicians? Because for each such project
there is a group of good, respectable people back home who want it,
wasteful or not When government pours the public's tax contribu
tions into any community through a government project, it makes
more jobs, and more pay envelopes to be spent there, with more
"prosperity" for the whole community— sitting at the top of its
own special "pyramid club."
Clever Dress
n BEAUTIFULLY tailored shirt-
* * w aist dress th at buttons down
the front with handy shaped
pockets and softly tied belt. Yoke
T J E R E ’S an outfit th a t’s indis- and sleeves are all in one for
pensable for sum m er w ear— coolness and comfort.
• • •
a sim ple sundress topped with a
P a tte rn No. 8400 comes In sizes 14, IS,
darling little button-on cape. Make
18. 20; 40, 42 and 44. Size 18. 4 yards of
the two pieces in contrasting 39-Inch.
fabrics.
rite pel
rated p a ttern In sizes 10, 12. 14, 16. 18
and 20. Size 12, dress, 3 *4 yards of 39-
ln ch; cape and contrast, lMi yards.
Send today for your copy of the Spring
and Summer S T Y L IS T , our complete
a tte rn m agazine. F re e p attern printed
£ side the book. 25 cents.
S E W IN G C IR C L E P A T T E R N D E P T .
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Kool-^id
S pattered grease on the wall
p aper behind your stove can be
rem oved easily if you paint the
paper, when it is new, with a coat
of colorless shellac.
There is nothing so refreshing
on a hot day as a tall glass of
lem onade with a sprig of fresh
m int.
D ecalcom ania t r a n s f e r s on
painted surfaces can be removed
without dam aging the paint if you
douse them with hot vinegar.
Hi J lump
A PICNIC
when you serve
P arsley butter, m ade by mixing
one tablespoon of chopped parsley
with one-fourth cup of b u tter and
two tablespoons of lemon juice, is
delicious when spread on fish.
S ecrets of m aking good coffee
include the use of freshly draw n
w ater, fresh coffee of the right
grind, and a freshly scalded, very
clean coffee pot.
You can cam oflauge a scratch
on furniture tem porarily with a
little iodine.
fen (amp5
1 M PR O V E p
J
Clean p earls and am b er beads
with olive oil on a piece of flannel
or cham ois.
MINISTER GRATEFUL—
0VERC0MESC0NSTIPAT10N
" I am a retired minister and very
grateful that eating ALL-BRAN
overcomes my constipation. I shall
boost this good break
fast food every chance
I g e t” E. H. Harmer,
726 Lincoln St., Sno
homish, Wash. Just
one of many unsolic-e
tied letters from A LL-
BRAN users! If you
need help for consti
pation due to lack o f ___________
bulk, simply eat an ounce of crispy
ALL-BRAN daily, drink plenty of
waterl If not completely satisfied after
10 days, return empty carton to
Kellogg’s, Battle Creek, Mich. GET
DOUBLE YOUR MONEY BACK!
Van Camp’s
Pork and Beans
in Tomato Sauce
A picnic, for Van Camp’s
does all the work for yon.
Truly a picnic, when yon
make Van Camp’s the main
dish for outdoor meals. Easy
to carry, quick to serve —
hot or cold — a treat to eat.
Stock up today, for quick,
tasty meals — good picnic
eating.
f l S IT HARD FOR YOU T 0 ^
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N IC O T IN E
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