TOTJH MEDFORD (OREGON) MAIL TRIBUNE
Tuesday. January 22, 1957
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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.
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