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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Jan. 22, 1957)
TOTJH MEDFORD (OREGON) MAIL TRIBUNE Tuesday. January 22, 1957 MedforiwTbibune "Everyone in Southern Oregon Reads The Mau inpunfl Published Daily Except Saturday by MEDFOKD PRINTING CO 27-26 North fir St Phone 2-J141 ROBERT W RUHL. Editor HERB GREY Advertliinl Manager GERALD LATHAM Business Manager ERIC ALLEN JR Manaumi Editor EARL H ADAMS City Editor HARRY CHIPMAN Telegraph Editor RICHARD JEWETT Sports Editor OLIVE ST ARCHER Society Editor DALE ERICKSON Circulation Mgr. An Independent Newspaper Entered as second class matter at Uedlord Oregon under Act of ftlarcn J. ioji SUBSCRIPTION RATES Btw Mtl In Advance- Per Copy 10c. Dally and Sunday On year $15 00 Dally and Sunday Six months 8 00 Daily and Sunday Threa mos i2S Sunday Only One year $4.20 ftv rrrir In Advance Medford Ashland Central Point Eagle Point Jacksonville Cold Hill Phoenix. Shady Cove Rogue River. Talent mntt rm mntnr rntitAS Dally and Sunday One year $18 00 Dally and Sunday One month 1 0 Carrier and Dealers 10c per copy Ail Terms caan in Advance Official Paper of the City of Medford Official Paper of JacKson county United Press ruJ Jeased Wire MEMBER Or AUDIT BUREAU OP CIRCULATION Advertising Representative KT.Hnl.lnAV COMPANY INC Offices In New York Chicago de- troit San Francisco Lot Angeles Seattle Portland St Louis Atlanta Vancouver B C NATION A . I D I T O lA s n'v I I association iff' NEWSPAPER PUBLISHERS ASSOCIATION Flight o' Time Medford and Jackson County History from the files of The Mail Tribune 10, 20, 30, 40 and 50 years ago. What Price "Dead-Lock"? 10 YEARS AGO Jan. 22, 1947 (Wedneiday) Mrs. Marjorie S. Saunders, ex ecutive secretary of the local Red Cross chapter, meets with other southern Oregon repre sentatives to form community service council for camps and hospitals. From Arthur Perry's Ye Smudge Pot column: Peoria Bill Gates and mastadonic pipe, are now in the throes of moving the grocery store to the 6th St. teria. 20 YEARS AGO Jan. 22, 1937 (Friday) Justin Smith announces plans for hall and orchestra for annual president's birthday ball. Out of state automobile regis trations in Oregon increase about 40,000 in 1936 over 1935 figures. 30 YEARS AGO Jan. 22. 1927 (Saturday) Rivers and Harbors bill signed by President Coolidge has appro priation of $710,000 to complete breakwater at Crescent City. Twelve members of the scout leaders' training course leave for Union Creek ranger station for overnight hike combined with snowshoe and ski trip. 40 YEARS AGO Jan. 22, 1917 (Monday) President Woodrow Wilson asks world league to preserve peace. West Side Pharmacy an nounces one-cent sale on Rexall goods. What's Your I.Q.? Nine or ten correct is snpertor; -en or eight is excellent; flva r six Is good. 1. Did George A. Henty, the English author, write books for boys or girls? 2. Is Lae on New Guinea, New Hebrides, or Okinawa? 3. What did Esau sell? 4. Was General Pulaski a Pole, Hungarian, or Russian? 5. The nickname Maj. Gordon W. Little, the showman, Is p e B--1? 6. Does an infant at birth more bones than an adult? 7. Who was the first English Empress of India? 8. Is the average life of a dog 9. 12. or 14 years? 9. Definite means clear, ex plicit, having set limits. Does Definitive have a like meaning? 10. "The childhood shows the man. As morning shows the day." Milton. Has this the same meaning as Wordsworth's "The child is father to the man ? Answers: 1. Boys . 2. New Guinea. 3. His birthright. 4. Pole, 5. "Pawnee Bill". 6. Yes. 7. Queen Victoria. 8. Nine. 9. No, Decisive, final. 10. Yes. As the "deadlock" in Salem continues the proper judgment seems to be: "A plague on both your houses. 3 For both parties as we see it, are at fault. And yet the positions of both parties are understandable. TAKE the Republicans first They don't like Walter Pearson the Democratic candidate for President of the senate, for both political and per sonal reasons. They don't like even more the novel experience of being the "under-dog" at Salem, or the minority in the Lower House. As for having a Democratic gov ernor that is a terrible cros3 for the advocates of G.O.P. supremacy to bear. . . So they are extremely self-conscious and jealous from a partisan standpoint. They are in a mood to fight the political opposition, at the drop of the hat. They have taken over the controversial Pearson as their most vulnerable target and as this is written, appear to be determined to get him out or ELSE! To the innocent bystander this seems rather fool ish. But it is as indicated, understandable. Had the recent election not been the bitter battle it was, and even so, had the Republicans retained their normal and usual supremacy m Salem nothing of the kind would have occurred. AS FOR the Democrats, the role they have been " suddenly called upon to play is even more un usual, and even more inclined to stimulate their pride- in-party, and their determination to, at all costs, retain it. As they won both the House of Representatives, the state house, the state delegation majority to Washington and so increased their membership in the State Senate, as to challenge normal G.O.P. con trol with a tie ; they feel that NOT the Republicans, but the Democrats should determine who is to be the president of that body. They naturally resent this Republican effort to make a sacrificial goat of their unanimous chioce. A GAIN, to the innocent bystander the fervor and unyielding and uncompromising character of the Democrats' position seems foolish and from the standpoint of the state's welfare, and the plight of the taxpayer, is not only foolish but inexcusable Yet, as this is written, it appears of such a nature as to call up the well known inquiry of what happens wrhen an "irresistible force meets an immovable body." Again, however, it is, for the reasons cited above, understandable. TMEANWHILE this impasse, according to unoffi cial but apparently reliable sources in Salem, is costing the Oregon taxpayers, for services UNper- formed, m the neighborhood of $2,000 a day. An unbiased and entirely objective C.P.A. would, we believe, charge that cost up exclusively to neither party but to the extreme overstimulated partisan consciousness of BOTH. E.W.K. What Price "Partisanship "? Speaking of extreme partisanship We are somewhat weary of hearing many of the Republican press dismiss Senator Neuberger as just a head-line hunter and a squirrel-head. After all, why not be decent and fair about it" We never thought much of that crusade in de fense of the White House squirrels not because the latter had no case versus the White House golf course, but because it seemed hardly important enough to bring up as an issue m the august U.S, Senate. But that was only one "whiff" out of many good shots in our junior senator s legislative record, and it is entirely unfair to characterize him or his record by repeatedly citing that one trivial unimportant incident. Plenty of 'Doctrines' Supplied n Middle-East Policy Dispute By CHARLES M. McCANN United Press Correspondent The Middle East is certainly getting plenty of "doctrines." First came the Eisenhower Doc- trme aimed at combatting any Communist ag gression in the Middle East. Soviet Russia and Commu nist China re torted with the Bulganin-Chou doctrine, the expressed pur- & aw "V.. " A S V2 Charles McCann pose of which is to prevent ag gression or interference in the affairs of Middle Eastern coun tries by the United States. Now we have the Egyptian- Saudi Arabian - Syrian - Jordan ian doctrine, which says that Three Youths Killed As Train Hits Auto Kennewick, Wash. (U.R) Three 20 -year -old Kennewick youth were killed yesterday when the freight train they were trying to beat to a cross ing on Vista Road four miles west of here, struck their car and draeged it 185 feet. The State Patrol identified the victims as Wayne Amende, driv er of the auto: Austin E. Dyess, and Ellis L. Watson. Members of the train crew said the driver of the car speed ed up as he approached the crossing. The train hit the car broadside. AS FOR hunting headlines, the truth is Senator Neuberger is not engaged in HUNTING them; but he is engaged, day in day out, in hunting for new legislation and m supporting congressional action that deserve headlines but as far as the G.O.P. press, in general, is concerned, seldom gets them. We admit we have given Mr. Neuberger consid erable space, but not on partisan grounds but solely on grounds of what we have regarded as the news values of the suggestions he had advanced from the standpoint of the welfare of the state. a ""TAKE his most recent proposal that the possibility of establishing a small kraft paper pulp mill in Southern Oregon be carefully investigated. We have seen little mention of it elsewhere ex cept in Roseburg, but it is in our judgment deserving both a good headline, and especially in Jackson County serious consideration. Such a pulp mill has been established in Albany we believe, and Medford would seem as well, or even better, situated than Albany for such an industry, TIHY not get busy on a research program at once and see if we can not only establish a new payroll here, but at the same time utilize what is now sue a complete waste, and injury to the valley as a plac in which to live because of the increasing sawdust- burner production of smoke and smog? TT IS only another evidence, as we see it, of the A destructive quality of extreme and blind partisan ship, and the cash money value to the business world if it would disregard, rr it can t entirely eliminate, it, -K.W.K. these Arab countries will not permit themselves to become a "sphere of influence" for any foreign power. It looks, too, as if the four Moslem members of the so-called Baghdad alliance may work a doctrine of their own, fitting in with the Eisenhower Doctrine. The Eisenhower Doctrine, which Congress now is consider ing, was worked out hastily as the result of the recent unsuc cessful British-French invasion of the Suez Canal Zone. Fear Russian Interference It actually stems, however, from Russia's interference in Middle Eastern affairs, which started in a big way when Presi dent Gamal Abdel Nasser of Egypt decided to turn to the Communist countries for arms. Under the Eisenhower Doc- Matter of Fact by joS.Ph aik Many Entire Farms Put Into Soil Bank Washington (CQ) About 470 U.S. farmers have agreed to surrender all their crop-growing rights for 3 to 15 years in return for guaranteed govern ment payments. These farmers signed con tracts putting all their eligible land into the Soil Bank, Agri culture Department officials told Congressional Quarterly. But they are only the van guard of what Washington hopes will be a growing number of farmers who reap government checks instead of surplus pro ducing crops. When Congress passed the Soil Bank bill in 1956, it specifically provided for the farmer who wanted to remove all his land from production. The Conserva tion Reserve, or long-range phase, of the Soil Bank barely got started in 19o6, but already Agriculture Department officials are thankful for Congress's foresight. Nearly complete reports on the 1956 signup period, which closed last Oct. 15, show 2,536 of the 17,105 Conservation Re serve contracts covered all elig ible land on the farm. That is 14.8 per cent of the total. Preliminary figures for the 1957 signup period show 934 or 21 per cent of the contracts are for aU eligible land. Soil Bank officials expect that per centage to decline before the signup ends March 15, but they estimate 35,000 whole farms may be retired from production by that date. Benson, Ellender Pleased The phrase "all eligible land" includes crop land and land de voted to tame hay, but not pas ture land or the site of the farm buildings.- Thus, a farmer who puts "all eligible land" into the Soil Bank still can raise chickens in his barnyard or graze cattle, but he cannot plant and grow any crops. Secretary of Agriculture Ezra Taft Benson told Congress if whole farms are being put in the Soil Bank ... on a voluntary basis, it is all to the good." Chairman Allen J. Ellender Sr. of the Senate Agriculture Com mittee echoes this view. "The main thing," he says, "is to get land out of production. If the only way to accomplish that purpose is to take a whole farm out of production, it's all right." Asked if this meant subsidiz ing people to leave farming, Ellender said, "That is the only bad feature of it. It rims con trary to what some of us want to see done to keep small farm ers in business. Efforts should be made in the administration of the program to preserve small farms. - Rep. August H. Anderson (R- Minn.), ranking Republican on the House Agriculture Commit tee, agrees that "the more till able land that is taken out of production, the more the surplus should be reduced. Under a Conservation Reserve contract, a farmer agrees to take land out of production for a 3 to 15-year period. He receives an annual payment that averages about $10 an acre, and the gov ernment also pays 80 per cent of the cost of putting the divert ed land under proper conserva tion cover. Agriculture Department fig ures do not show how much is paid farmers who put all their land in the Soil Bank. Indica tions are the payments vary widely from state to state. Payments Under 15,000 Preliminary 1957 figures show 32 of the 33 New York stale contracts are for all eligible land. The owner of the average 46-acre tract will receive S387.87 in annual payments and $545.60 for the government's share of conservation practices. In Utah, on the other hand, where preliminary figures show 110 of the 176 contracts are for all eligible land, the average tract is 229 acres, the average annual payment $2,015.44 and the average conservation prac tice payment $1,184.78. No contract so far reported to Washington calls for a total payment to any farmer of more than $3,000 a year. The contracts for whole farms have been concentrated in the drought-stricken Southwest and in the Southeastern states where many farmers are converting from cotton or tobacco cultiva- tion to forestry. Texas with 627, New Mexico with 445, Georgia with 218 and Sout Carolina with 108 lead all other states in whole farm contracts. Rep. W. R. Poage (D-Texas) says, "I know it's the drought that is making men in my dis trict put their whole farm into the Soil Bank, and I think it's a good thing this form of help is available to them. It s certain ly better for the community that the land has care, rather than just being left to blow away." Copyright 1957, Congressional Quarterly) Communications Letters to the Editor must bear the name and address of the writer although under certain circum stances the use of a pen name or initial for publication is permis sible. The Mail Tribune reserves the right to edit all letters with an eye to clarification and conden sation. Letters submitted for pub lication must not exceed 400 words. The Home Loan Problem To the Editor: Today our con tractor broke ground for our new home in Jacksonville. We are privileged and happy. We have succeeded in procuring an itiA guaranteed loan to finance this home. FHA tells us it is the first suoh loan in the history of Jacksonville. Also ours was the first application they had ever received from Jacksonville. Our first efforts at procuring a mortgage loan were in July of last year. Our eventual success came about after we had con tacted a new federal agency, which had been set up to serve borrowers in small towns of less than 25,000 who were unable to procure FHA loans locally. This agency is the Voluntary Home Mortgage Credit Program, with offices at 442 Pittock Block, PorUand 5, Ore. They are prompt in mailing out applica tion forms to prospective bor rowers. They act as a go-be tween to bring borrowers and out-of-town lenders together. Since we were forced to do business with an out-of-town lender, every month for the next 20 years our mortgage payment will leave the valley. Our money and the work K can do will ben efit a community remotely lo cated. This is of course not new in the valley. Only chosen parts of chosen communities are priv ileged to build with local money loaned at FHA standards. Good business? You be the judge. F. W. Edens, Jacksonville, Ore. Buntings To the Editor: Greenland's Baffin Bay is nearer North Pole than Alaska's northernmost Point Barrow. "'Tis a far cry" from lonely Baffin Bay to Lake Michigan with busy Chicago. On this desk, a map from Copen hagen. It shows snow buntings migration. Ringed on Lake Michigan, the birds were recov ered on Baffin Bay. This re search was inaugurated in 1924 by a Danish medical officer sta tioned in Greenland. The experi ment proving valuable, it has been muchly expanded by Gov ernment with cooperation of Copenhagen zoologists. This Snow Bunting, because of much white spotting, seems when overhead, almost entirely white. Such camouflage may be protective, (as with snowshoe rabbits) or concealing, (as with predatory Polar bears writer saw on Jan Mayan Land). All buntings are fascinating. Mexico's Painted Bunting is a feathered rainbow. When we-2 first birded in Mexico, the Indios used its color contrasts in their attractive featherwork. On our last trip, this art seemed altered Tne hues just were not right Then we discovered on one card: "Made in Japan." Nippon ese anilines had penetrated Guadalajara, just as we found them on Amazon headwaters They there displaced dyes used since Inca days. Above mentioned featherwork was highly developed under the Montezumas. A half century ago, we-2 discovered an old record which convinced us part of Cortes' loot was two feather cloaks. These he presented the Spanish King. We felt certain trine, the United States would use force if necessary to combat Communist aggression in the Middle East and would put some money into the countries con cerned to make them less likely victims of Soviet ambitions. What the doctrine really comes down to, as regards the use of American forces, is the theoreti cal situation in which one of the Arab countries not any Middle Eastern country came under Communist rule and attacked another Arab country. The coun try which came under attack would then have to ask the Unit ed States for help. Reds Formulate Doctrine In Moscow last week, Soviet Premier Nikolai A. Bulganin and Chinese Red Premier Chou En-lai came up with their own doctrine. Bulgainin and Chou denounced the Eisenhower Doctrine as a plot to "suppress the movement for national independence" in the Middle East. Soviet Russia and Red China, under their doctrine, are "ready to continue rendering the neces sary support to the peoples of the Near and Middle East so as to prevent aggression and inter ference in the affairs of the countries of this area." Finally, Nasser, King Saud of Saudi Arabia, Premier Sabri Elassali of Syria and King Hus sein and Premier Suleiman Na- bulsi of Jordan met in Cairo to adopt their own doctrine. Support Ike Doctrine They announced Saturday night that the Arab countries, under their doctrine, were per fectly able to take care of their own affairs without the inter ference of any big power. Turkey, Iraq, Iran and Pakis tan announced Monday in An kara, the Turkish capital, that they fully support the Eisen hower Doctrine. They indicated that they are likely to come up with some ideas of their own which would constitute a fourth doctrine. It may well happen that these Baghdad alliance countries will be brought into direct and ac tive support of the Eisenhower Doctrine before long and the United States itself may join the alliance. THE SOVIET GEORGE HUMPREY Moscow The Soviet rulers have chosen a new approach to their economic problems that "Sii LXtD Joseph Alsop Secretary of the Treasury George M. Humphrey would thor oughly under stand and ap prove. They have given their big in d u s t r ialistV greatly in creased role in government. The problems that they hope to solve in this highly interesting and significant manner have been wishfully exaggerated as usual, in the capitals of the West. It is true, for example, that some of the most important tar gets of the current five year plan will not be fully met this year. But surely the fact that the Soviets are not producing quite as much steel as they plan ned, is far less important than the fact that they have added no less than four million tons to their steel capacity bringing their annual output to the level of 49 million tons. Again, the Soviet leaders themselves now regard the shocking housing situation here as really critical. The ferment in Eastern Europe has also forced them to forego profits they used to make, and to make commit ments they cannot have enjoyed making. For these and other reasons, one can believe the re ports of new gold sales in Lon don on a scale considerably sur passing the gold sales of the period after Stalin's death. This troubled world note: Jordan and three other Arab states have signed an agreement providing nearly 36 million dol lars annually of Arab AID for Jordan which is facing the pinch of poverty because of the impending withdrawal of a Brit ish subsidy of about $30,000,000. Thrifty Jordan wants the money in its little hot hand be fore cancelling its mutual de fense treaty with Britain which would automatically can cel the 30 millions now coming from British taxpayers. YET in global dimensions, the added burden imposed on the Soviet economy by this last year's events cannot greatly ex ceed 1 per cent of the massive Soviet national product. Hence the economic problem the Sov iets are seeking to solve still seems considerably less inter esting than the way the Soviet leaders have chosen to tackle it. After all, President Eisenhower's choice of a Cabinet dominated by big business men only re peated earlier Republican ex perience. But the emergence at the summit of the local equival ents of George Humphrey is a striking new development in the Soviet Union. The event itself has already been reported. The December meeting of the Central Commit tee of the Communist Party dropped Maxim Z. Soburov from the chairmanship of the Com mission For Short-Term Eco nomic Planning. Mikhil G. Per- vukhin was chosen as the new head of this misleadingly named agency, which is actually the day to day high command of the whole Soviet economy. And Pervukhin was also given a con spicuously strong team to serve under him, largely composed of former deputy chairmen of the Soviet Ministerial Council, HPHE origins and training of Pervukhin and his team are what make this shake-up some thing out of the ordinary. Per vukhin himself (one of the tall men admitted to the top Soviet leadership when Stalin s death opened the way for tall men) is one of the two or three leading industrial managers in the Soviet Union. At different times, he has run the entire electrical ma chinery industry, the chemical industry and the electrical utili ities industry. Four of his new deputies are also men primarily trained as industrial managers Kacherenko, for instance, is a construction expert, while Khranichev has a past in heavy industry. Except for Kosygin, a consumer-goods expert, who was a member of the Politburo under Stalin, these are all relatively new faces. Furthermore, the class or group they belong to, tne industrial managers class, is relataively new in the Soviet Union, recruited, trained and formed primarily in the last twenty-five years of rapid Soviet industrial growth. Finally, their emergence as the day to day controllers of the whole vast Soviet economy represents, rath er clearly, a pretty vital change in internal relationships. In the Day's News By FRANK JENKINS THIS foreign aid idea is spread inff It's hepinninc to look like everybody will soon be chipping in to help everybody else pay his bills, THE Arab agreement to help out Jordan is generally re garded by informed observers as a move sparked by Egypt's Nas ser to put roadblocks in the way of Ike's Middle East doctrine. Nasser has bought vast quan tities of Russian military equip ment with the idea of making himself strong enough to boss the Arab world. To pay for the arms and the munitions he has bought from Russia, he has pledged the bulk of Egypt's all- important cotton crop 10 xne Russians. The Egyptians can't eat guns and planes and tanks, and with their cotton crop al ready hypothecated they won't have money enough to buy food and the other necessities of life. What it amounts to is that Nas ser has sold his soul to the com munists and has to do their bid ding. He's in a tough spot. LETS jump from foreign af fairs to the price of hogs. Hogs hit an 18-month price peak at Midwest markets this past week. Cold weather was a contrib uting factor. It stimulated the demand for pork and wholesale prices went up as much as seven cents a pound at Eastern mar kets. Another factor was smaller shipments. During the last week, 32,000 fewer hogs reached the Eastern markets than during the preceding week and 200,000 less than a year ago. That is to say, the supply of pork has fallen below the de mand for pork so, in response to the working of the law of supply and demand the price of pork RISES. Church Officials In Ashland for Convention Ashland Nicholas Kovalak Jr., of New York, district super visor of Jehovah's Witnesses, and John A. Green, circuit min ister, have arrived m As-Hana and pre-convention activity of thp witnesses moved into its final phase today. f-nnrlnrline the ore-assembly activity will be the showing of the educational film, "The New uwiii Snriptv in Action", at the Kingdom Hall of Jehovah's Witnesses at 700 North Main st Ashland, at 7:30 p.m . Wed nesday, and at the Haynie resi dence, 4374 Pacific highway. Phoenix at 7:30 p.m., Thursday. T ETS jump now from pork to U.S. savings bonds. Throughout most of 1956, the U.S. treasury reports, Series E bonds were cashed in at a faster rate than new ones were being sold, with redemptions (cashing in) exceeding sales by 13 per cent. Sales of Series H bonds which pay interest periodically rather than on maturity and come in denominations of $1 000 and up dropped 23 per cent during 1956, although sales still led redemptions. SO MUCH for the country as a whnlp T.pt'e talra 9 lnnlr nnw at the state of Oregon. In 1955, Oregonians bought $45,061,941 of U.S. savings bonds. In 1956, savings bonds sales in Oregon amounted to only $40,699,421 a decrease of about 10 per cent. TN SUM, the new industrial managers, however capable they were personally and how ever enormous the enterprises they headed, were clearly no more than bureaucrats under Stalin. But even then, there must have- been considerable under ground friction between the prac tical men engaged in the practi cal task of managing and build ing up Soviet industry, and the theoretical planners and apparat chiks Communist Party-trained officials who predominated in the higher governmental lev els. Something of this friction could be discerned at the Twentieth Party Congress, when the heads of both the coal and steel in dustries, targets of the now-deposed Maxim Saburov could not possibly be attained unless promised capital for new invest ment was also forthcoming. Today, of course, the Presi dium and the Communist Party remain in absolute over-all con trol of this strange Soviet so ciety. The theoretical planners also remain, as members of the Perukvhin team along with the industrialists. But the payroll meeters have now acquired the largest share of day to day re sponsibility for managing the economy. It ought to please George Humphrey greatly. Copyright New York Herald Tribune Inc. TTOW come? Are people losing faith in their government? The answer is NO. What has happened is that the general rise of interest rates has made OTHER INVESTMENTS more attractive than govern ment savings bonds. When peo ple have money to rent, they rent it to the highest bidder. Congressional Quiz (Copyrlrht. 19SS Congressional Quarterly) Q On May 9, the Senior Senate Democrat, up for re-election in 1956, said he would re tire from the Senate to take an-, other post Who is he and what was the post? A Sen. Walter F. George (D-Ga.). President Pro Tem pore and Chairman of the Foreign Relations Committee, accepted an appointment from , President Eisenhower to be special representative to NATO. Q A record for being the oldest Senator was set June 17. Who was the Senator and how old was he? A Theodore Francis Green (D-R.I.) became the oldest per son ever to serve in the "Senate when he reached the age of 88 years. 8 months and 15 . days on June 17. one was in Seville, xms we could not locate, (though we saw an item with marginal notes in Columbus handwriting). The other one was in a certain Ger man museum. The aged curator commented "You-2 are the only Americans who ever knew." C. M. Goethe, Seventh and J sis., Sacramento 14, Calif. rpHAT is to say: - Money is a commodity just like pork. When it is scarce, it commands a higher price. When it is abundant, it commands a lower price. The way to make money for investment more abundant is for people to save up more of it. Let's put it this way: If higher prices for hogs cause people to raise more hogs, higher prices for money ought to cause people to save more money. When that happens, the "tight money" period will come to an end. I PACIFIC , IMDUSTRIAL 16 S. Central Phone 3-S308 Mr. Insurance FRED . BRENNAN Phone 2-4940 INSURE FRIENDSHIP Ytfu bet you can. Many a friendship has been saved by having COMPREHENSIVE P2R SONAL LIABILITY that makes it possible for you to "do the right thing" when someone gets hurt in your home or on your premises. PI I II g;.'a phone or visit our office I W' r additional infornja- I K MEDFORD INSURANCE IjM AGENCY
