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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Nov. 27, 1945)
Babson Discusses Business And Atomic Energy Babson Park, Mass., Nov. 23 (Special Correspondence) W Trnhahlv are headed for two or three years of good business with fair employment. Sixty-five vagpfl b an flnlv nne billion rlnl- lars was available for spending or Investing, in a years wis gradually increased from one billion to 15 billion dollars. But, during the past seven years, these 15 billions have soared to 75 billions, most of which is waiting to purchase homes, mer chandise and securities. Inflation Inevitable Under Present Policies. Nothing will ever happen in this country comparable to what happened in Germany following World War I. On the other hand, further inflation Is inevitable. This will be caused by a surplus of money and a scarcity of goods, homes and securities. It will be due to war waste, increased con sumption and to the need of other nations for help to get on their feet, which will require continual expenditures. Labor union officials are also uncon sciously causing inflation. Increasing wages and prices will cause the spiral to go up ward -until people have spent, or Invested, most of the above 75 billions when they will go on a buyers' strike. Then the spiral will collapse with the customary decline in production, much un employment and lower prices. Before that time comes, however, homes, merchandise and securi ties will probably sell higher than at present. Yes, almost everything, except bonds, should continue to go up further In price. Taxation Problems To Follow Decline We plan to collect In 1846 about thirty-five billions in fed eral taxes. This will probably be accomplished easily; but when the next depression comes it will be very difficult, if not impos sible, for the federal govern ment to collect one-half of this amount. This will be accompa nied by another government spending spree and a resort to the printing presses. From such, everyone wage workers, home owners, and especially bondhold ers could suffer terribly. It is an old saying, "In time of peace prepare for war." Based on this principle, the federal government should immediately reduce bureaucratic expendi tures; encourage the production of goods and homes; and subsi dize the unselfish but sane development of foreign trade. The world needs our charity and help now. Helping unfortunate people to raise their standard of living is not only a Christian thing to do, but it will be good business for us. Atomic Energy Use Should Be Hastened Were I economic director of the U, S., I would also imme-j diately reconvene the scientists1 who worked on the atomic bomb i and get them busy applying this new energy to every-day uses. We might still be in the depres sion of the 1870's tt steam energy had not pulled us out. We might still be in the depression of the 1890's if electrical energy .hadn't then been harnessed. We would now be suffering from World W ar I, if the gasoline engine had not saved the day. Atomic ener gy may well serve a similar pur pose to prevent a collapse around 1950. 1 admit that the best authori ties tell me that such an atomic development, within the next five years, is an impossibility. The stakes namely the avoid ance of national bankruptcy are so high, however, that we should at once make a tremen dous effort to show these "au thorities" that they are wrong. We MUST immediately harness-! this new energy to develop new industries and new jobs. New Power Source Hoped From Atoms Atomic energy for industrial and utility uses means vastly more than the substitution of atomic energy for coal and oil. Atomic energy may be as much of an advance over steam power as steam power was an advance over hand power. Atomic energy will result in entirely new indus tries and vastly different ma chines than now exist, all of which will provide millions of new jobs If w get it harnessed in time. In short, to me the question is either of harnessing atomic energy before 1950 or perhaps facing national bank ruptcy soon thereafter. HIS WORK MADE EASY Scranton, Pa. U.R) Paul "Doc" Stenson raised the hands of 17 frantic winners within one week, without announcing a decision all the bouts were knockouts. ' VETERAN OFFICE NAMED TO HANDLE SOUTHERN OREGON A Veterans Administration training officer has been ap pointed for Klamath Falls, Lake- view, Medford, Grants Pass Ashland and Bend according to a new release from Klnmath Falls, Zens Dent, veteran of one year's overseas service, has been named to the office ana will have headquarters in the basement of the courthouse at Klamath Falls, It is stated that veterans of World War II may contact Dent for eligibility for training under the GI Bill of Rights. This is to include both educational training in institutions, such as returning to high school or col lege, or entering school for the first time, and apprenticeship training on the job, according to the release. Employment Is handled entirely by the U. S. Employment service, It is point ed out, and Dent s work will be primarily to see that eterans are properly entered into train ing in approved firms or schools. Services are available for dis abled veterans under Public Law No. 18, Dent states, when vocational disability has been established and in cases of this type, his office places the men for training. Dent's work will be carried on In cooperation with the con tact officers of the Veterans Administration in each of the above named cities, E. L. Knight, with offices in the federal building in Medford, is the local contact officer of the administration. ST. MARY'S GETS SUGAR BOWL BI San Francisco, Nov. 27 flJ.W Coach Jimmy Pheian of St, Mary's Galloping Gaels will leave here "as soon as transpor tation is available" for New Or leans where he will sign the Sugar Bowl contracts to play against Oklahoma A, Ss M. on New Year's day. Pheian, pleased as punch and feigning surprise at the Sugar Bowl bid which came last night for his gang of teen-agers, pre dicted that his boys would "up hold the prestige of the west" in the southern classic. BOWLING In Classic league last night Highway club won two out of three games from Maid-Bite (Klatt 218-Sims 197), Signal Oil won by the same margin pver Valentine's Cafe (Jamison 213 Proctor 198), American Pbl, Co, took the best two out of three from Hawkinson Tires (Finger los 192-J. Powell 189) and Beck's Bakery won two out of three from Domestic Laundry Paske 213-Gardner 209). WATCHES FOR RUSSIA Detroit (U.R) Clarence Eng gass, a jeweler, is leading a drive to collect old watches to send to Russia for doctors and nurses of the Soviet Union. Topics Discussed AtWeeklyMeetOf Toastmasiers Club Topics were discussed by Bob Claypool, Dr. C, G, Van Valzah and Lynn Cram t the weekly meeting of the Toastmasters club held at the Jackson Hotel last evening, Claypool talked on "The Necessity for Forest Con servation," Dr. Van Valzah on "The State f the Unions" and "The Problems of a Life Insur ance Salesman" was Cram's topic. Nest meeting will be In charge of D, D. Davis, toast- master, and Bob Claypool, topic master. Principal speakers will , be President Harold Bureison, i Mr. Steigerwald and Pat Gra ham, The usual round-table topics will also be heard. j Ward Davis, assistant fuperin-s tendent of the Pacific Motor! Trucking company, Medford, i Tuasdar- Ho. 37, 194$ KEDFORD MAIL-TR'BOHE TXYt was a guest of the club at last night's meeting. 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And the same "light fractions" in Chevron Aviation Gaso line that help smooth the Clipper's start go into Chevron Supreme for easier starting, faster getaway in your car. YeS new Chevron Supreme Gasoline inherits its flaw less performance from war-born ingredients developed for Chevron Aviation Gasoline. But and this is im portant Chevron Supreme Gasoline is designed ex clusively for cars, "tailored" to their special needs. That's why it gives you a smoother ride at every speed. 00m born on the skyways tailored for the highways Keep your Standard National Credit Card with you and you won't need to bother about ash for service and gas when you're motoring. Your Card provides an accurate record of motoring expenses too. So use wherever you go in the U. S. and Canada... STAN DARD OF CALIFORNIA AT STANDARD STATIONS, GARAGES, AND CHEVRON GAS STATIONS Ti B 1U ALL Iffii- " f - , n U I U VILA D t 0 J L., s 5l IS Kir km Toy ISow and Arrow Set Hsrrjwocd fcow. thre duu point birch arrows, quiver, Urgct tnd bockiet ejtpUln 1ns th (ts. A ar-to. clews eifw Leather Kliifeid !, Handssm billfold of geauins sheepskin. Has ptecty of pockeU for JO mht 'u. OR DAD AND BROTHER Step Stool 3,83 The gtepi fold bitk, Sptrkliaf wblt enamel witfcrULtot rsd trtia. Olm eoTpred. Bcsnilful ttsin-rislatict wsluM TpBkectle i.;if , chesry Mstls tlU wka tk w&ter'i boUisg. 14 DoabTe Botlep 2,Gf Sptrkiinf (tail, gusr&ctstd tysry Utih Bof Wonh Out , 1 v.-aK-iu LSIKR SET Jar toEster mm Ir-A Ballistic pUjiis fas. Fly BoI , . 1.95 Lightweight, rUesi alaalsas. VeniLlsted tor quici drTlzf cf list. Flahlag Lairea An BsdmUr euttas lor Of prOTed performsDcs. t Archery Set E'gfct pieces iflcicdini; a 6!rft. lemonwocd bow. Wor.derfal (1ft Ut f y Wor.derfal gift Me! I j W . HS dred. Md of . I ITU rrcs I CaddlT Bear CCS y Hit tost J betTy-pH wool jtV jr1 Hi piat, ft sd ility, is j Jr. f tr-A ' t , !Tv a 1C1 thi -.;ibss Bh iilliLfpiiff I CsLQrlj to 4 ik J V I.ocktaf e Cap I.Ofl rphotiter-e Backer T.fS essstrcstisis. H r, d -socceiy Cbrered. Tor 3te 3. Spool Poll Tey S.08 El it na tstlfsli Briilimt eslsred ipsola that ctn be pitted vttfe Aieer Mickey tsrri DonaM 1.00 ' A T ,v. , - ,v . Biigtcl fencii toitsded. Firestone Stores Par Stores 214 5. RIVERSIDE MAIN A HOLLY mom ssso
