o
U.S. Saving Bonds Not Always
Met Tests of Sound Investment
By L"LE C. WILSON
United Press Correspondent
Washington U.R) There
was a span of years back there
before, during and after the war
when United
1 M
i
savings bonds
could not meet
the tests of a
good invest
ment. The money
was safe
enough, and
safety is one of
the tests. But a
good invest-
Lyle C. Wilson ment also
should show a profit. United
States savings or war bonds pur
chased in the early 1940s showed
no profit when they were cashed
in 10 years later.
The dollars paid to the treas
ury for the bonds in the early
1940s were almost twice as large
in purchasing power as the dol
lars the treasury returned in the
early 1950s. The investor got
back more dollars $50 for ex
ample, for. $37.50 paid in ten
years before. Trouble was, the
$50 would not buy as much
when the bond was redeemed as
the $37.50 would have bought 10
years before.
That's what's called inflation
of the dollar. It was begun by
President Roosevelt in the early
1930s in an effort to help the
nation out of a great industrial,
business and agricultural de-
presswn. The effort was still go
ing strong, but without curing
unemployment, when along came
the peacetime national defense
boom and then, the war.
Truman Approved Program
President Truman inherited
and approved of Mr. Roosevelt's
big spending program. Mr. Tru
man raised spending and taxa
tion to new highs for the United
States which means for the
world, too. Inflation went on
U and the dollar continued to
O i&rink.
'"'From 1939 to 1952 the dollar
lost almost half of its purchasing
value in terms of the average
family's cost of living. That was
one o$Lthe big issues of the 1952
presidential campaign. Republi
can campaigners boldly promised
a balanced budget and a stable
dollar.
A balanced budget still eludes
them, although the sharp pencil
- boys believe a balance may be
achieved nftrt June 30 at the
end of the current "fiscal year.
z-jBut the Republicans are making
jjood on a stable dollar. The Ei
senhower doSar is not the big,
beautiful pre-war dollar equal to
20 street car rides or 20 ham
burger sandwiches.
Half Pre-War Dollar
It is a dollar worth about 50
centscompared with pre-war.
.The remarkable thing about the
Eisenhower dollar is thatoit has
been relatively Stable in terms
of living costs since Mr. Eisen
hower took office. The Bureau
C6f Labor Statistics offered some
evidence of that Wednesday in
its monthly cost of, living report
The cost of living had edged hi
a bit. It was three-tenths of one
per cent higher last month tha'n
in .November, 1954.
More significant is a comnar
ison with November, 1952, the
month in which President. Eisen
hower was elected. The Bureau
of Labor Statistics cost of livin
index shows an increase since
November 1952 of only seven-
tenths of one per cent. That
real stability compared to the
earlier span of years. Stability
is especially important not only toward stability continues. If the
to owners of U. S. bonds, but to trend is the other way, your
all persons with fixed income money might as well be in a
resources. burglar-proof safe. None could
U. S. bonds will be a profitable steal it, and you wouldn't get a
investment again if the trend profit on it there, either.
La Prensa Background
By UNITED PRESS
Background on La Prensa
A victory for the free press of
the entire world was sealed
when La Prensa was handed
over formally to Dr. Alberto
Gainza Paz.
It was a victory over a ruth
less dictatorship which had
silenced it because it told the
truth fearlessly.
La Prensa was the greatest
newspaper in the Spanish-speaking
world under the Paz family.
It was independent and in
corruptible, and Argentine dic
tator Juan D. Peron could not
tolerate it.
Peron tried to silence La
Prensa in many ways, by con
stant oppression.
He won his temporary victory
when, on the night of Jan. 25,
1951 Buenos Aires news dealers
at his instigation refused to dis
tribute it.
Nebraskan Admits .
Murder of Wife
Lincoln, Neb. U.P.) Author
ities charged a young husband
today with strangling his attrac
tive wife.
Darrel Parker, Lincoln's 24-year-old
city forester, confessed
last night that he murdered his
22-year-old wife Nancy exactly
one week ago on Dec. 14.
Authorities did not release his
signed confession. But they
quoted Parker as saying he flew
into a rage and killed his young
wife because she "was cold" and
refused his advances after they
had shared breakfast on the day
of the murder.
Parker tied and gagged his
wife's body and ripped the cloth
ing from it in a deliberate at
tempt to make police think she
was the victim of a rapist, Coun
ty Attorney Elmer Scheele said.
He then went off to work, re
turning to his cottage home at
noon and telephoning police that
he had discovered his wife's near-
nude body.
In the week that followed,
Parker acted the part of a grief
stricken widower. He attended
his wife's funeral and as at Des
Moines, la., yesterday consoling
his wife's parents when author
ities asked him to return to Lin
coln. He was given a lie detector
test and then confessed, author
ities said. , '
Edible Oil Sale
To Argentina Agreed
Buenos Aires, Argentina (U.R)
An, agreement for the sale of
more than $25,000,000 worth, of
American surplus edible oils to
Argentina was signed here Wed
nesday. The agreement approved by
LForeign Minister Luis Podesta
Costa and U. S. Ambassador Al
bert F. Nufer calls for payment
in Argentine currency. Seventy
per cent of the total will be lent
back to Argentina to finance
economic development projects,
with part of the balance used
to finance an educational ex
change program.
La Prensa later was formally
seized and turned over to the
Argentine General Confedera
tion of Labor, which Peron had
made the basis of his political
support. It reappeared as a
P e r o n i s t propaganda organ.
Gainza Paz, it's editor and pub
lisher, was forced into exile.
. Now Gainza Paz will make
it again the great independent
newspaper it once was.
La Prensa was founded on
Oct. 18, 1869, by Jose C. Paz.
It has remained under the close
personal control of the Paz fam
ily. Jose Paz was succeeded by
his son Ezequiel. Its leadership
descended in turn to Gainza
Paz, Ezequiel Paz's nephew.
World Famous
La Prensa became world fam
ous as an independent news
paper. Its reputation was built
on the serious reporting of
world news and an editorial
policy which emphasized the
principles of democracy and the
public good. If campaigned for
good roads, better communica
tions, better schools and nation
al development of all kinds.
La Prensa has published 9,883
separate advertisements a- day,
and as many as 58,906 words
of cable news from abroad in
a single. edition, in addition to
local and national news.
Of its 1,700-odd employees at
the time of its seizure, 200 had
worked on it for 25 years and
nearly a dozen more than 50
years. It is a tradition that in
its whole history only three of
its employees have been iired.
La Prensa, as part of its pub
lic service, maintained a public
library, a free clinic, a free
music school, an institute for
public discussions, and free con
sultant services on law, agricul
ture and industrial chemistry.
Buddhist Priesf
To Be Guesl of GIs
Kyoto, Japan (U.R) A
high-ranking Buddhist priest
who went into seclusion 10 years
ago to avoid contact with oc
cupation troops will attend
Christmas Day services with
American soldiers at Camp Otsu.
Ensho Fukuyoshi, executive
priest of the Enraku temple on
sacred Mt. Hiei, took seclusion
after the war ended, determined
never again to mingle with the
outside world. But his desire to
become acquainted with West
erners finally became too strong
and he came down to Camp Otsu.
He was taken on a tour and
expressed surprise when shown
the post chapel.
"But I thought you soldiers
were professional killer," he
said, ". . . yet you use this
church?"
At the end of his visit, the
priest asked to return Christmas
Day and attend church services.
The request was granted.
Thursday, December 22, 1955
MEDFORD (OREGON) MAIL TRIBUNE FIVE
Morse Predicts Test in Oregon
Missing Portlander
Lodged in Jail
Portland (U.R) Rex. D.
Lowry, Portland, the 34-year-old
insurance adjuster reported miss
ing by his wife two weeks ago,
today was in Multnomah county
jail charged with burglary, car
rying a concealed weapon and
discharging a firearm within the
city. Bail was set at $7,500.
Lowry was captured in down
town Portland last night after
a tense manhunt by officers who
feared the man was despondent
enough to shoot on sight.
He was taken .at the Zombie
Zulu night club after shooting
up a room he had taken at the
New Heathman hotel. Another
guest reported the bullet came
through the wall of his room.
The gun he used was stolen
earlier in the day at the county
police office where he had vis
ited former associates. Lowry is
a former deputy sheriff.
Two weeks ago Lowry van
ished after he left - home for
work and later turned up in Chi
cago with a friend. He promised
his firm to undergo a psychiatric
treatment. His wife said he was
under a great strain.
While the manhunt for Low
ry went on last night his wife
was placed under guard.
S'4
nmmt-tunm;,
I TRY JQMJ.
There are only 3 shopping days left . . . and
if you've forgotten ANYONE or ANY
THING .-. . ACME HARDWARE can give
you a BIG assist - with a WIDE VARIETY
of glittering GIFTS! We've ALL the items
that the people you are buying them for
would choose for themselves. So make a
quick trip to ACME NOW! and we'll
help you make quick work of your Christmas
list! You'll see for yourself . . . that ACME
is truly FIRST for LAST-MINUTE GIFTS!
LOWEST PRICES FOR HIGHEST QUALITY
Washington (U.R) Sen.
Wayne Morse (D-Ore.) predicted
today that Oregon's presidential
primary will provide a test of
strength between Adlai E. Stev
enson and Sen. Estes Kefauver
in their contest for the Demo
cratic presidential nomination.
Neither Stevenson nor the
Tennessee senator have an
nounced plans to enter the May
18 primary in Oregon. But, under
the state's primary law their
names could be entered easily
without their permission. Morse
said he understood both would
be entered.
' So far, Stevenson and Kefau
ver are scheduled to clash only
in the California primary June
5. Kefauver also was understood
to be considering entering the
Florida primary May 29 which
Stevenson already has announced
he will enter. But the placing of
their names on the Oregon ballot
might make that state the scene
of their first clash.
Morse said he understood both
men would be entered in the
Oregon primary whether they
liked it or not. A petition signed
by 1,000 Oregon voters is all
that is needed to enter a candidate.
Negligence Charged
In Fatal Bus Crash
Stuttgart, Germany (U.R)
Charges of negligent homicide
and negligent assault have been
filed against the driver of the
bus which struck a bridge pillar,
killing the wife of Walter Gies
eking and an American sergeant,
it was announced Wednesday.
Fourteen other passengers, in
cluding the world-famed concert
pianist, were injured in the acci
dent Dec. 2. Gieseking is still
hospitalized but his conditions
is reported as satisfactory.
OREGON'S OWN THE FINEST SERVEC
OWN THE FINEST SERVED' OASilON'J
THE FINEF 1 I HlEGOl!
FINEST SB
SERVED
OREGON'S
OWN TH
THE FINE
FINEST SB
SERVED
OREGON'S
, OWN TH
THE FINE K """"J -
Z
ifflailfcm ls ovltff thi
SERVE CHIIlEO
I
1 tr mij ' "
. OPE
Until 9 p.m.
Each Evening
Through Friday
Medford Store Only
SPECIALISTS
MEDFORD
IN HOMEWARES!
CENTRAL POINT
Drawing for free turkey Sat.
Come in and register!
Free Coffee and Cookies
Served All Day.
gu ana mn m
pioneering and
years-ahead advance
developments mean more value!
t ! slap 01 n ' v otfysr' pfi i ' f SL-
We give you the BIGGEST TRA
Here's wfcy...
1. Boilt-in
WAVEMAGNET
Antenna
w.nd.r of th airway! The ability of o radio.
to perform i limited to it ability to get jignaU out of
the air. Unirpaned in the field of radio, Zenith'i
WAVEMAGNET antenna is to jeniitive it give
lop performance EVEN ON WEAK SIGNALS.
2. SUPER SPEAKERS-ZENITH-engtneered for
xlra Ian aualitv! The size of th
speaker is important, but even more
important a the magnetic force that
activates the speaker cone. ZENITH
quality speakers in every ZENITH
product ore activated by the most
powerful magnetic material known
Alnieo 5 and more of it.
New 1956 JgZrgn RADIOS are packed with POWER
for TOP Performance . . . BETTER Tone!
THE ZEPHER (Model R61S1 AC-DC
Table Mode! with wide-ongle tuning.
Walnut, Ebony, Gray or Green plaltie.
Dimensions: 8 high; 12'A
wide; 7' deep. JggrjJ
CALENDAR-CLOCK RADIO (Mod.!
T522) shows day and date. Socket
for small oppliances. Maroon, White, Gray,
Green, Red. 5Vi high; 127'widei
6H'de.p.
$4695
THE SANTA MONICA (Medel X405)
has "reelaway" power cord, shatterproof
cabinet. Operates on AC or on DC or
on lona-life batteries. 7 hidhi
wide; 4' deep. "
(Ira baH.riw) $2Q55
1 1 Vl'
(Catty Apjplliamee9 Hunc
127 North Central Avenue
Or 137 East Main Street
Across From Penney's
Ashland, Oregon
Phone 3-5306
Phone 9-5831