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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Jan. 23, 1957)
, -t - ''i "' '" - , i ' -' '-. JTL 'wTO!'."' -r" - r ' EISENHOWER TAKES SECOND TERM OATH Supreme Court Chief Justice Earl Warren (leftt administers oath of office swearing in Dwight D. Eisenhower (right) to his second term as President of the United States at the Capitol in Washington. Holding the President's Bible, a gift from his mother, is Clerk of the Supreme Court John T Fey (center). Former Pres. Herbert Hoover looks on at left, while on the right Is Vice Pres. Nixon. Tight Money Continues To Get Tighter As Demand for Loans Outstrips Capital Hormone-Like Acid Aids Flower Growers Los Angeles (U.R) Flower- raisers may soon be using a hor mone-like acid to force non bloom plants into early flower ing. The substance, called gibber- ellic acid, has long been used by Japanese gardeners, and a Los Angelese botanist recently be came interested in the acid for commercial use in this country. The substance works on plants that normally bloom only under extreme cold or long summer days. Gibberellic acid causes the stems to shoot up immediately and two or three months later the plants flower. The researcher. Dr. Anton Lang of UCLA, said he had good results with such plants as hen bane, water pimpernell, sweet William, catchfly and carrots. Wednetday, January 23, 19S7 MEDFORD (OHEGON) MAIL TRIBUNE THREM Venus Sculpted From Snow Ruled To Be Work of Art Aloha, Ore. J.R) On has in word of lha Aloha po lice department that Venus de Milo it c work of art, whether she's sculpted in marble or in I snow. Mr. and Mrs. Burton J. Westman used photo in an encyclopedia as a model for the seren-foot snow Venus they created in their front yard. Miss Marianne Gillard. a neighbor, decided that the copy of the Grecian classic was "lewd and rulgar, and she began pelting the sparsely-clad snow woman with snowballs. Mrs. Westman defended her creation with a useless but im pressire rerolrer until Offi cer Floyd Harman intervened. The officer's vedict: "It was a work of art." Taylor Sheet Metal Heating Air Conditioning Gas, Oil, Wood, Sawdust Furnaces General Sheet Metal Eve Trough Downspouts Roof Flashing Range and Fireplace Hoods ALL WORK GUARANTEED Free Estimates PHONE 2-6341 USE TRIBUNE CLASSIFIED ADS! New York (U.R) Tight money is becoming one of the facts of life for more and more Americans and it appears it is going to get tighter. What is meant by ' tight' money? That it's hard to get? That always was true, but this particular phrase so widely used now means that it's getting hard' er' to borrow and particularly that interest rates on loans are getting steeper. Why is it tight? Simply be cause there are more demands for loans than there is capital to go around and the policy of the Federal Reserve Board, backed by the Eisenhower administra tion, is to try to hold borrowing down lest it lead to runaway in flation. There are some paradoxes in this tight money situation. The fact is that some loans are hard to get, others were never easier. The housing industry com plains it is hit hard while con sumers can get quick credit for everything from dental work to vacations. Then, too, the federal govern ment while warning against in flation has just presented a budget calling for spending some $71 billion. State and local gov ernments will bring the overall total to more than $106 billion this year. Industry is going to spend a record $40 billion in expansion projects. And estimates are that the American consumer will fuel the boom in 1957 by spending a whopping $275 billion for goods and services a gain of around $9 billion over 1956. A big portion of that gigantic expenditure government, in dustry and consumer will be borrowed. Consumer debt al ready totals around $41 billion nd is rising. The federal budget will be balanced but state and local governments will borrow up to two-thirds of their planned outlay." This huge spending spree is the basic reason why money is tight, why you have to pay more to borrow. Actually, more and more credit is being poured into the economy but it is outstripped by demand. As one economist put it: "There are only so many bricklayers, carpenters and engi neers in our economy. Only so many tons of steel, bags of ce ment and pounds of nails. We cannot build homes, factories, schools, hospitals, sewer systems, shopping centers and office buildings with paper money. It takes materials and men." Therein lies the danger that production falls so far behind not only demand but the artifi cial credit that the purchasing power of currency will fall dangerously. , The purchasing power of the dollar has been almost halved by inflation since 1939. Even so, our living standards have in creased because wages have more than doubled. One of the chief opponents of the tight money policy is Rep. Wright Patman of Texas. He be lieves there is danger it may wreck the economy. "We must make sure that such credit resources as are available are flowing to the right spots," he says, "and that efforts, how ever justifiable in restraint of threatened inflation, do not lead over the hump into a period of deflation which may be even more difficult to deal with." Savings Falling Behind Ray D. Murphy, chairman of the Equitable Life Assurance Society, does not agree. He says the fact that money is tight "simply means that we have The Medical Roundup Emeritus Consultant In Medicine, Mayo Clinic Emeritus Professor of Medicine. Mayo Foundation Or (Continued from Tuesday) Retirement ana Living i Senator Desmoid tells us, al so, that we mustn't assume that living in the South is cheap. It may be for some people but research e r s have shown that liv ing in some cities of Flori da is more ex pensive than living in the city of New York. Alvarez Old people thinking of mi grating can get from the Bureau of Labor Statistics in Washing ton a booklet giving the living costs throughout the nation. The man can get information also as to places in which he can find the sort of work he can do. Old er persons thinking of pulling up stakes and migrating far should ask themselves a very important question which is, "Do you enjoy meeting new peo ple, and do you have the ability Jidn't Cough ALL NIGHT CREOMULSION BRINGS SPECTACULAR RELIEF Special Formula Creomul sion Cough Syrup for Chil dren relieves coughs due to colds right now, with out narcotics or antihista mine?, stops tickle pro motes sleep taste good too. Get CREOMULSION FOR CHILDREN Program Ad Drive For Kapers Slated Program advertising cam paign for the ninth annual Med ford Kiwanis Kapers will be gin Thursday with a 7 a.m. kick- off breakfast at the Medford hotel. All Medford Kiwanians par ticipating in the campaign are to attend the session. Presentation of the 1957 show is set for Feb. 20, 21, 22 and 23 at Medford High school audit orium. The theme is "Guys 'N Disguise." A meeting of program and advertising committee leaders was held yesterday. Vic Milnes is chairman of the committee. Irv Allen is advertising coord inator, Paul Hornbeck printing coordinator and Fred Gatter art coordinator. Team captains are Russ Brown, Tom Anderson, Frank Benesh, Dick Fanger, Robert Voegtly, Les DeArmond, Jen nings Pierce, Dr. Merle Foland, Dr. E. W. Sickels, Dr. C. H. Paske, Dr. Paul Dix, Dr. G. A. Dierdorff. Dr. Dilliam Stram. Fred Morlan. Seth Bullis. Jack Raapke, Pat O'Malley and John Dellenback. Front page of the program this year will be a panorama of a city with names of advertisers to be placed on or beside var ious objects in the picture. Camas. Wash. ' (U.R) Mrs. Bertha Butler. 42, Camas, was drowned when her car skidded off the highway into the White Salmon river Monday. to make friends no matter where you are?" As Senator Desmond says, if you can't make new friends easily, beware of migrat ing. A Florida educator recentlv searched the faces of hundreds of people in St. Petersburg, and found many a person who looked desperately lonely. - At a recent conference on the problems of the aged, some ex perts pointed out that when an old couple migrate, climate is not everything. The main ques tion should be "Where will you be happiest?" To illustrate, I know a widow who is happiest in the New England city where her much-loved daughter and grandchildren live. In any other part of the world she would be very lonely. In his article. Senator Des mond tells of a prosperous exec utive from Wall Street who told of going out to the Rockies where, for a while, he enjoyed fishing and looking at the scen ery: but soon he got tired of this sort of thing, and now he is back m his old New York,, where he feels much at home. One of the best books I know for the answering of these many questions that older would-be migrants ask is, "The Retire ment Handbook," by Joseph C. Buckley (Harpers). It tells of the advantages of the several com munities and states that now ap peal greatly to old folks who are looking for a new home. Dr. Alvarez hopes his readers will understand that it would be impossible for him to answer requests for information or to attempt to diagnose by mail. (Released by The Register and Tribune Syndicate, 1957) been trying to expand our con sumption, our productive facili ties and government services faster than our capacities for doing so permit." "People have become accus tomed to low interest rates for so long that they are taken for granted and are assumed, to be normal," he says. "People seem to forget that for 20 years in terest rates were deliberately kept at artificially low levels by pumping extra money into the credit system." At the root of the tight money problem, economists say, is the fact that savings have not kept pace with the nation's mounting credit requirements. August Ihle feld, president of the Savings Banks Trust Co. of New York, terms that the greatest single threat to our prosperity. Court Records MUNICIPAL COURT LeRoy William Lalon, violation of basie rule. $10. Keith Arlen Branson, drag radnr. $25. Harold John Perkey, failure to stop at red light. $5. Charles Elmer Lindgren. failure o obtain Oregon vehicle license, $5. Pauline M. Bright, violation of basic rule. 10. David L. Winems, violation of basic rule. S10. Donald Dean Gayette, violation of basic rule. 10. Sammie Lee Hopkins, violation of basic rule. 10. Ralph LeRoy Mitchell, failure to stop at red light, 5. Stephen Gilbert Crippen Jr., failure to stop at red light. S3. Elcena Greene Driscoll, improper left turn, S5. James Odell Huff, violation of basie rule. S10. John Campbell, violation of basic rule. S10. DISTRICT COURT James Richard Daniels, improper right turn. S13. bail forfeited. Stanley Frederic Green, failure to display two license plates, $10, bail forfeited. Howard Robinson, truck speeding, $10. bail forfeited. Glen Ronald Haight. violation basic rule. $10. bail forfeited. Harold Francis Yost, overload Pay ment, 29. Melvin Jav Bean, overload. $89. David Roger Clement, overload, $29; overload. Neil Edward Jackson, no splash aprons on mud guards. 510. David William Byers, violation basic rule. SId. Robert LeRov Spencer, no opera tor s license, $6. CIRCUIT COURT Ellis Luther Whitney v. Helen fTances Whitney, divorce complaint. Wilburn E. Gillespie vs. Alice B. Gillespie, divorce decree. Dons Mae Collins vs. Cecil Grant Collins, divorce compa lint- James H. McNair vs. Betty J. Mc Nair. divorce complaint. Steve Arthur Lindgren vs. Mary Anne miagren, divorce decree. MARRIAGE LICENSE APPLICATION William Stanley Adams, Riverside, calif., and Carolyn Bell Weber, Gil christ. Ore. Aubrey Kenneth Landers, route 1, box 219. Brooks. Ore., and Sandra Jean Selieck, 943 South Central eve., Medford. Charles Ernest Bennett, 820 Mar shall ave., Medford. and Jane Ellen Starboard, 718 West Main St., Med ford. Alton Luther Crow. 213 Cottage st., Medford. and Audrey Christine Phil lips. 1300 Stewart ave., Medford. ATTENTION DAIRYMEN! a 3 Q. E . 3 -3 Genuine SURGE Sales and Service IS AGAIN AVAILABLE IN SOUTHERN OREGON 3 fl c 3 SURGE of Southern Oregon 1226 EVERGREEN DRIVE Grants Pass, Oregon DON KIBBE 'Phone GR-6-5863 Authorized SURGE Dealer TV1 i V .' si T- T-r TT-V 1957 Ij . . ' console :p TELEVISION JMlil ' ' extra light... 9 in. screen G-E PORTABLE TV e Travelized sttel cabiut with H o n n o c h,nt,e 0 f M U U 9 Uss than 13 pounds e Tinted dark safety window e Best picture at aH signal streneths REAL MONEY SAVING PRICE! 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