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.
I'M Unl rrllxuw Want Ad
Texas ranks second to th
nation in annus! turkey produe
tieo, trailing California.
3 Day 1 Clothes
Cleaning Waterproofed;
Service yu.s.Ar, ,
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& 'LJ sf A
I mm in hihuum, ifiiiif mnKniinr
Capt, F. C Richards 'rfr
FAN AMERICAN WOEID AIRWAYS fS'St'fA SV--
' s
Clipper skipper's
car starts quicker on
Chevron
Supreme
Smooth getaway is important on the long Pacific hop, too
"I'm glad w use Chevron Aviation Gasoline it's
like a guarantee of perfect engine performance," says
Captain F. C Richards who has flown Pan American
World Airways' big Clippers since his line pioneered the
Trans-Pacific service ten years ago. "That goes for cars,
too, with Chevron Supreme," adds Captain Richards.
Heavy burdens of fuel and payload make Clipper
takeofls mighty important to a successful flight. 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
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too. So use wherever you go in the U. S. and Canada... STAN DARD OF CALIFORNIA
AT STANDARD STATIONS, GARAGES, AND CHEVRON GAS STATIONS
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214 5. RIVERSIDE
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