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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (March 12, 1952)
Truman's Adviser In Disagreement About Bankruptcy Washington (U.B Leon H. Keyserling, chairman of Presi dent Trvman's council of eco nomic advisers, emphatically disagreed with congressional warnings that the United States may be' spending itself into "bankruptcy." He also believes it would be better f r o m - an economist's point of view to raise taxes enough to put the rearmament program on a pay-as-we-go basis. That would require a tax in crease of some $14 billion a year, but Keyserling thinks it would be "cheaper in the long run than inflation." Told in-Testimony - -- His -belief that- the United States is still in healthy eco nomic condition despite the strains of the defense program was expounded in recent testi mony before a House appropria tions subcommittee. The closed door testimony was published Tuesday. Rep. Sidney R. Yates, D-H1-, ocircH Kpvsprlins about the fre quent warnings of congressional economy bloc leaders mat me United States is on the brink of bankruptcy." Seen Strong Economically Keyserling replied: "A nation whose national in come and national output has been rising five, six or seven per cent a year, or even more, ana which is fully using its man power and resources in the pro duction of an enormous quant ity of goods and services is, 1 believe, very strong economical ly. "T do not think that a nation in which private enterprise was investing last year at me annual rate of about $55 billion is in bad shape economically." Ceremonies To Mark Start of Dalles Dam The Dalles, Ore. (U.R) Spec ial ceremonies were scheduled here Wednesday, to mark the opening of The Dalles dam con struction. A parade in downtown area at 2 p.m. was to open the cele bration, followed by a program at the Big Eddy offices of the Army engineers. A gigantic ex plosion was to be set off where contractors have started blasting and drilling operations for the dam. A ceremonial banquet was scheduled at 6:30 p.m. with Gov. Douglas McKay as principal speaker. Tenant Licks Problem Of Cold Apartment New York (U.R) An ingen ious electrical engineer has solv ed his cold war problem with his landlord. Welvin A. Carter connected a thermostat to a recording ma chine and whenever the temper ature dropped below 65 degrees a loudspeaker concealed close to the landlards apartment would blare: "A landlord who does not provide 65-degree heat when it is less than 65 outside is liable to a $500 fine or a year in jail." The landlord promised to fur nish the necessary heat. for linoleura 'vT . . . . wood Exclusive Broker OVER 100 DOZEN BLOUSES OVER 30 DOZEN SKIRTS! Biggest Selection Ever! 98 : Nylon The blouse that's such nice crisping for a suit . . . that makes an outfit of a skirt..-. candy-striped cotton broad cloth, the styling fresh and new, the detail just so! Navy, green, black or red stripes on white . . . 32-38. ' and HUNDREDS of OTHERS! 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