Image provided by: University of Oregon Libraries; Eugene, OR
About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Sept. 17, 1943)
MEDFORD MATE TRIBUNE, MEDFORD. OREGON, FRIDAY, SEPTEMBER 17, 1943 PAGE NINE Inflation Is Your Business Babson Say Irary Citizen Should Wako Up New York City, Sept 17 Spl. Inflation Is as "catching" at smallpox and much more serious. II allowed to spread, it will cause far more deaths than epidemics of suicides, heart failures and nervous breakdowns. No wonder life insurance companies are fighting it tooth and nail. If the same intelli gent approach Is made to the problem of avoiding inflation as wm made in the case of reducing and eliminating smallpox, we shall be all right. But if we neglect the present signs of the growing epidemic of Inflation I am afraid we shall soon be beyond hope. Inflation No Help For Tba Investor Some people are saying, "Let Inflation come." They hope it will help sell some long-held stocks which now show a loss. Possibly, but what will the money , receive be worth? It may be fare better to hold stocks than to sell them at double the present price and get money worth only 40 per cent or less of its present value. The same principle applies to buying stocks now with the hope of selling them later at a profit Even when buying the right stocks as an inflation hedge, they should be considered only as a "safe deposit box" in which to keep your money during in flation. What money you do not put into short-term war bonds, invest in good, produc tive real estate or good stocks, Do this as a permanent invest ment and not as a speculation Readers who have a little money invested in railroads. public utilities and other com panies whose rates are regulated should especially watch nuta tion. Inflation can severely crip ple these corporations. Although rate incfzxn are possible they always lag considerably behind the increase in expenses caused by inflation. Inflation will, therefore, probably cause a de cline in the securities of rail roads and certain other corpo rations. Worker Won't Profit By Inflated Wages It Is true that some (not all) wages should go up under in flation, but what good win tnis do? Not only will these higher wages buy less in food, clothing and shelter, but as wages rise, employers will hire fewer peo ple. This means mat nutation will result in unemployment. The older ones and the less efficient will be dumped first; then the higher paid will be let go and so unemployment will increase. As unemployment Increases, purchasing power will decrease When retailers have fewer or ders,, manufacturers may. be compelled to discharge their workers. Then we shall have another depression. This may not come until around 1950, but it certainly may be a bad one when it does come. Its severity will depend upon the extent of the preceding period of infla tion. Hence, we all have a self ish interest in helping to stave off inflation. Middleman Suffers In Economic Change Inflation may hit the middle man hard. The well-to-do will have enough "fat" to carry them tnrough the next depression. The poor will be supported by trie government or have artifi cial employment through an other WPA. The middle-class people, however, are out of luck. They will not have enough capital to carry them through the inflation period or will not be poor enough for government support. Small businessmen feel they are suffering terribly now but if we enter real inflation their condition will be much more difficult. Periods of infla tion result in great increases in bankruptcy. These cases are almost wholly among the mid dle classes, especially small manufacturers, small retailers and the white-collar group in general. Crime and misappropriation of funds increase during infla tion. Speculation becomes ram pant. Under such conditions, all business becomes more hazard ous. Manufacturers and mer chants then depend upon rising prices for their profits rather than on honest merchandising. Speculation develops a disre gard for religion. This, in turn undermines the entire business structure. Inflation encourages dishonesty as well as idleness. Justice is sidetracked. The spirit of the age is to "get while the going is good"- with little thought of either the end or the means. Avoid Borrowing At This Time Above everything else, in vestors, businessmen and work ers should avoid borrowing any money at this time. We should all take a lesson from railroad and corporation managements who have taken advantage of the current period of good busi ness to reduce their bonded indebtedness. They are getting in shape to attempt weathering any depression that may lie ahead. Some businessmen think they can profit from inflation by borrowing good dollars now and paying back in bad dollars later. Very few can possibly succeed with such a program. Their business and investments will probably turn out so poorly that these men will be unable to get even enough bad dollars to pay the Interest on their loans and the taxes on their property. Doubtless, too, there will be legislation making such sharp practices illegal. P. S. In my release of August 27th titled, "Jobs After The War," I should have stated that discharged service men must apply to their former employers within 40 days rather than within a 60-day period as men tioned. Also, officials of the selective service system have stated that the WAVES, SPARS, WACs and Marine Women have the same re-employment rights Teddy Roosevelt Assailant Passes Waupun, Wis., Sept. 17. U.R) John Flammang Schrank, 67, former New York bartender who shot and wounded Theodore Roosevelt in 1912 because he was seeking a third presidential term, died last night in the State hospital for the Criminally In sane. During his 31 years of con finement, Schrank never had a visitor and received no mail Bedridden for the last several months, he died of bronchial pneumonia and hardening of the arteries. War Construction Shows July Drop Washington, Sept. 17. U.R ; The War Production board to day reported that the volume of construction activity during July totalled $659,511,000 or six per cent below that of June and one per cent more than was previ ously forecast. inal August figures, it was said, will show a volume of about $603,450,000, a nine per cent decrease below the July level. Military construction declined seven per cent in July to $253,- 937,000. FEWER CARS Salem, Ore. (U.R) A drop of slightly more than one per cent in Oregon motor vehicle reg istration during the first six months of 1943 was reported by the secretary of state s office, Private passenger cars num bered 319,008, a decrease of 6,690 vehicles from the regis tration for the first six months of last year. Marines Handle New Weapons to. J' 4 3. WW I It I M 1 .. ' 1r"Ti A? -V 1 . Combat conditioning u a course to miu lougn Marines tougher. Men already In the field learn to fight with knives. lUcka, clubs, bayonets, and even with their bare hands during the training tonne at Pearl Harbor. Private Duke Drakullch (left) of Kiinberly, Ncv la one of the instructor. TENSION GRIPS TORTS' RETURN By Walter Logan United Press Correspondent. A USAAF Bomber Base, Eng land U.R) Tension becomes c tangible thing at an aerodrome when the bombers are out on a mission. The tension fills the air and makes men forget their work, and when the bombers are due back the tension is as tangible as fog. Men mill around listlessly and talk in quiet voices. Often they look at their watches and more often at the skv and if there is work to be done they do it half-heartedly and listen for the sound of the motors in the dis tance. The tension communicates Itself-to everyone. I was visiting one of the bases from which the Fortresses take off to bemb tar gets in France and I found my self looking at my watch every tew minutes and wondering what they had run into across the channel. Look At Watches The planes were to return at 7:30 p. m. and there was an hour yet to wait; already the men were casting frequent glances toward the horizon and looking at their watches. In the lounge and the huts it was the same, and I saw Lt. Elmer M. Richardson of Germantown, Pa., pilot of the Bad Penny looking at a magazine but not reading it. Pilots who don'tj happen to be on a mission worry more than anyone. I went down to the "line" where the ground crews stood ready for action when the "Forts" came home and found a few of them pecking away in desultory fashion at their work. Staff Sgt. David R. Tschopp of Chambersburg, Pa., ground crew chief of the Thundermug on Its 12th mission stood with Sgt Meyer M. Morris of Atlanta, ground crew chief of the Bounc ing Bitch, and Morris' assistant. Pfc. Sebastlon Farganus of (1914 S. Troy street) Chicago. They didn't say much, but Just waited. Cpl. Stanley Lusht, as sistant crew chief of the Thun dermug, whose home Is In Endl cott, N. Y circled aimlessly on a bicycle as if he didn't care landing field. Cheer Goes Up Jeeps full of officers and men sped toward the line. A few truck's full of men followed. Many of the men were walking and many more were riding the bicycles which are to be found by the score at every flying field in England. Ambulances and crash trucks already were in position. The bombers came In low, hidden from sight for a few sec onds by a grove of trees, and then they came across the field in perfect formation. There was silence for another few sec onds while everyone counted them and then a spontaneous cheer went up. They were all back. There were no red flares this time no wounds and every one began laughing and talking at once. Tech. Sgt. William A, Van Steenwyk of Sioux Center, whether he was riding or walk ing. Anything to kill time. By 7 o'clock many of the air base personnel had migrated to the flying field and stood look ing into the distance, waiting, Ma, Edmund C. Leonard (1233 Wlnnemae avenue) (Chicago, In telligence officer, who has been with this group since it was formed, spoke quietly to Capt. Francis L. Kurtz of San Rafael. Cal., engineering officer, who reports all engine failure or damage, and Kurtz nodded and moved on out toward the line. By 7:15 the first planes could be seen far away and the per sonnel streamed toward the la., head of the photo section, grinned broadly while waiting for his photo ships to land. Soon the crews came in to be interrogated and the bystanders hurled questions at them: Any fighters? Any flak? Where'd you go? Did you hit it? Out on the line the ground crews went to work, laughing and whistling. Dm Mill Tribune Vut AOs. PETS MADE SATS Camp Bowie, Tex. (U.H) Mem bers of Company C of the 64th Medical Regiment at Camp Bowie have odd pets. They found two skunks while in a recent field problem. The post veterinarian "deodorized" the pets. COLLEEN HOPE DANCE STUDIO e Dancing of All Types for Everyone... Evenings by Appointment SPARTA BLDG. Call 3970 or 9042 That pinch of flavor $ 11 is more important - than ever today A VM MORTON'S SALT I 2 kuds uN oi looiita A : n OQOl LO01 10130 SOI Honey Maids satisfy that longing suro disappear fasti I'm . SS Tl' flf? jeh WJEsL heading to ma itora for V V '27 AT,yT JWmjh Telephone 2239 Main at Bartletl LUEflABsfST iJsB ill O Fine Variety CHEESE PICKLES and LUNCH MEATS O o "ONLY THI BIST MIITS A MOTHUS TUTl' 1 Honey Maid GRAHAM CRACKERS AKIO .T.NAaiSCO NATIONAL BISCUIT COMPANY BACK THE ATTACK With WAR BONDS! ' WkattyoufciufWiiU WAR BONDS . Bosc Firing 529 rounds per minute the 30 caliber Heavy Browning machine gun is standard equipment with srmjr ground troop I wherever they go. It is effective within 4,000 yards and with its water-cooled barrel can Bra for longer periods than other lUnilar weapons. - n o o FRESH BUTTER U The home front also needs untlrlni efforts to keep step with the quick ened pace of our present campaigns. We need million! to "Back the At tack," with War Bonds. We need you. -C. TrMnn Dtlmrtm! Lumans' Meats SOLD TO YOU FRESH WHEN FLAVOR IS BEST BEEF POT ROASTS, choice cuts lb. 28 LEG SPRING LAMB, fine for roasting lb. 38 BEEF STEAKS LOIN or MB T-BONE or SIRLOIN lb. 35c steak lb.35c 39' BEEF SHORT RIBS, fine for baking lb. 21 SALT PORK, for frying or seasoning .lb. 24 PORK 35 STEAKS Kiel Lb. PORK ROASTS Ctolci Sblir. Csts 35' Lb. SPRING LAMB, shoulder cuts, extra nice LARD, Home Rendered, pure A-l , 3 .lb. 30(7 lbs. 501 HENSF . 35' I Fryers 40 Standard Brands Grade A Lb. 50c New Shipment Pineapple New Pack Preserves Jams Jellies FLOUR SPECIALS Kitchen Queen 49 lb. A As) Sack ?ev Klam. Bouquet Sack' $1.69 Drifted Snow 2f $2.36 Fisher's Blend $2.36 49-lb. Sack New Shipment of RIPE OLIVES, PICKLES and PEANUT BUTTER BAKERY FOODS Nlea Fresh Supply Dally of fha Kinds You Likt to Servo Rolls, Buns, Cookies, Pies, Cakes, Bread, Etc. OVEN FRESH BANANAS Large Supply POTATOES, No. 1 locals.. . 10 lbs. 33c ONIONS, No. 1 locals 6 lbs. 25c CARROTS locals....... 3 bu. 19c CORN Hartley's Golden Bantam roc OE301 OE301 Q 1 1 o I 1 o I o 0 o i o 0 o
