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
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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
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That pinch of flavor $
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than ever today A
VM MORTON'S SALT I
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Honey Maids satisfy that longing
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BACK THE ATTACK
With
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WkattyoufciufWiiU
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Firing 529 rounds per minute the
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The home front also needs untlrlni
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We need million! to "Back the At
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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
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PORK 35
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FLOUR
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Kitchen Queen
49 lb. A As)
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POTATOES, No. 1 locals.. . 10 lbs. 33c
ONIONS, No. 1 locals 6 lbs. 25c
CARROTS locals....... 3 bu. 19c
CORN Hartley's Golden Bantam
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