, -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!
O One-year guarantee on all parts,
tubes and picture tube
O Aluminized picture tube'
O Set and forget volume control
O Fine furniture wood cabinet
O Superior fringe area performance
O Light-absorbing dark safety glass
O Full-power transformer for longer
tube life
''Tine
nl
DCD11
HOME
APPLIANCE
COMPANY
115 East Main
sYMM MMML DEALER
115 EAST MAIN MEDFORD
YOU'LL ALWAYS BE GLAD YOU BOUGHT
AGE FROM HOME APPLIANCE