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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Aug. 19, 1957)
SIX MEDFORD (OREGON) MAIL TRIBUNE Monday, August It, 1957 Devaluation of French Franc Seen Prelude To Price Spiral United Presi Correspondent fans w French Finance Minister Felix Gaillard set the wheels in motion by unofficial ly devaluing the franc. Now he is waiting to see which way they will turn. The young financial wizard hopes this devaluation and a new "austerity" program will return the nation from the brink of bankruptcy. But most experts and many Frenchmen believe the 37-year-old Gaillards devaluation was just a starter, a prelude to a new wage and price spiral this fall and a general devaluation of the French currency at home and abroad. France's economic problems come in the midst of its most prosperous postwar period. In; dustrial production has increas- nomic problems. It is the simple ed 47 per cent during the past fact that France is importing four years. Steel production is more than it is exporting. Its up 62 per cent over 1950. The nation is producing 58 per cent more iron ore each year. It has 75 per cent more electric power and produces 27 per cent more food and farm products each year. And France is buying more, too. Wait For Can With full employment only 75,000 persons applied for jobs in May out of a population of 43 million Frenchmen just wait six months to two years for new cars. They are buying television sets as fast as they come off the production lines It is this very boom at home which is causing France's eco- Oil The Side By E. V. Durling (Distributed by King Features Syndicate. Inc.) to whom was he referring? A. Believe it was Able Simon. . AVhat is meant by the fing "Three-B Gift." A. This refers to a young woman whse major measurements put her in the ' "oomph girl" class. Jhese meas urements, bust, waist and nips are staled "Bust, B el t and Beam. Hence tlje "Thre-B." Please Note There is reported to be a new type of British lens that mag nifies print 20 times. That should be useful in reading the small "fcrint in printed contracts. Incidentally, too many people fail to read thai part of a print ed contract. As far as I am con cerned, I view with suspicion any contract that jjtilizes small print. o Overweight , One-fifth of the adult popu lation of the United States is overweight. So research has re vealed. There are in this coun try about 103,000,000 persons over the age of 21. About 50, 000,000 are male, 53,000,000 fe male. So approximately 109000, 000 men are on the fat side. Most of the plump males don't worry too much about being overweight, though according to physicians, they should. Most women do worry about being a bit fat. Or, should I say "bulgy"? Anyway, accord ing to the aforementioned re search there are more than 10, 000,000 overweight adult fe males in this fair land of ours. No wonder the girdle buness is so good and the figure stream lining salons are reporting ca pacity business. By the way. sir, how docs your wife look in a bathing suit this summer? Does she hear any whistling when she strolls by the sea? Who's Who Of the feminine stars now shining in Broadway stage hits, Ethel Merman, Julie Andrews, Judy Holliday and Florence Eld ridge are all listed in the 1957 edition of "Who's Who in the Theater." Rosalind Russell is not so honored. Evidently, de spite her success in the stage play "Auntie Mame." Rosalind still is considered strictly a film star by the publishers of the monumental work aforemen tioned. It seems a silly omis sion. Asides The average salary of British airline stewardesses is the equiv alent of S27 a week. Stewards on United States operated lines are paid more thaa three times as much. That is. $85 a week and no. . . Am asked how soon after his arrival in this country" Charlie Chaplin became a mil lionaire. Couldn't say definite ly, but it was reliably reported in 1922, ten years after his ar rival here, that Chaplin had a fortune amounting to $3 million. Romance Nearly all the great romances involve women between the ages of 30 and 40 from the time of Cleopatra until the present day. So says a feminine sub scriber who apparently has been doing some extensive checking on the history of that thing .called love. She points out that W'aliis Simpson was 40 when she married the Duke of Wind sor. Elizabeth Barrett was 40 when she eloped with Robert Browning. Fannie Osbourne was 40 when she married Robert Louis Stevenson. Emma Ham ilton was 35 when she met Lord Nelson. Josephine was 33 when she met and married Napoleon. And that's naming only a few of the thirtyish and fortyish chanjiers who became Involved in great romances. So if you have a friend over 30 who has had no great romance in her life so far, tell her not to be discouraged. Her big moment may be just around the corner. In France chimes are to be substituted for telephone bells. That is really a step in'&dvance. The result should be very sooth ing. Should be done in this country. I suggest telephone chimes that play tunes. What would be some good tunes for telephone chimes? How about "I Hear You Calling Me"? Or "All Alone on the Telephone"? Or "Call Me Up Some Rainy Afternoon"? Or "Are You There, Moriarity"? Asking Queries from clients. Q. Dis cussing the proposed filrn ver sionf a "Blues Opera" by Har old Arlen, I claimed there was a "Jazz Opera" preserved at the Metropolitan Opera House. Right? A. Quite right, sir. It was a German opera0 titled "Johnny Spielt Auf." Lawrence Tibbett starred in it. The Wra ner Brothers bought the film rights to this jazz oaera but never produced it. Q. When "Two Ton" Tony Galento is re ported to have said of a ring 6 streak to victory down Derby opponent, "111 mofer ae Dum, r Downs Hill, Indiana Boy Wins Soap Box Derby Akron, Ohio (IP) Terry Townsend, 14, Anderson, Ind., whose dad gave him a fancy set of power tools "to keep him busy," won the 20th annual. Ail American Soap Box Derby here Sunday. More than 60,000 persons saw Terry's white bullet-styled No. The Hoosier boy's triumph followed an earlier major disap pointment when his homemade racer lost a wheel in the second of the three-car dashes. ' Undaunted, Terry replaced it and went on to win the title any way his fourth try for it. His prizes included a full college scholarship and an all-expenses paid tour of Europe. David Hakman, 15, Los An geles, came in second and Andy Vasco, 15, St. Catharines, OnU, was third. David and Andy won 54,000 and S3.000 college scholarships respectively. The other six top winners were: James Pryor, 14, Long Beach, Calif., fourth; Wayne Temme, 15, Evansville, Ind., fifth; Riehard Adams, 15, Sha mokin, Pa., sixth; Donald Wake, 14, Detroit, seventh; Pat Travis, 12, Gainesville, Ga., eighth; and Carl Taraschi 15, Trenton, N.J., ninth. Competing were 159 boys who won. local derbies in all the 48 states plus champions from Ger many, Canada, Alaska and the Philippine Islands. Eleanor Roosevelt was born Oct. 11, 1884. currency reserves are all but exhausted and its credit is gone. At present all that stands be tween France and bankruptcy is 200 billion francs (S420 mil lion) in Bank of France gold. This is melting away at the rate of 50 billion francs ($120 mil lion) a month. One trouble is the Algerian war, now costing about one bil lion francs ($2.8 million) a day. American Aid Declining Another reason France no longer can keep up with its in ternational trade deficit is the gradual cutting off of American aid funds. U. S. aid, which ran at about $700 million a year during the Indo-China war dropped off to about $125 million this year. Thus Finance Minister Gail lard faced an almost impossible situation when he began his pro gram of "austerity." He had to bring France's trade balance into line and he had to do it without cutting im ports. Gaillard's first move was to cut the 1957 budget. It has a projected deficit of $4 billion dollars. By threatening to quit, Galliard obtained a $1,700,000, 000 reduction in the budget, meaining less money for French men to spend at home. Then he went after the prob lem of increasing exports. To do that he had to "unofficially" devalue the franc, from 350 to the dollar to 420 to the dollar. Devaluation Unofficial His devaluation was unoffic ial in that France still pretends the franc is 350 to the dollar. Technically all he did was slap a 20 per cent tav on imports (except raw materials) and grant a 20 per cent subsidy to imports (including tourist dol lars). , It was the first devaluation of the long-suffering franc since 1949 and brought the franc to the rising black market level. The move will affect French men, but will mean little to Americans and other foreigners, to the tourists, businessmen and buyers of French champagne, cars and perfume. Gaillard hopes the new deval uation will bring more money from the five-million foreign tourists who come to France each year into banks and thus into French foreign exchange reserve. But few French black market operators are worried. "The official franc never quite catches up with the unofficial franc," one said this week. "Be sides, I give immediate, person alized service." The old Butterfield Stage route, which carried mail and passengers across the continent in the 19th Century, passed through a part of southern New Mexico and brought prosperity to a number of small villages that have since become ghost towns. Th Butterfield Stage promised Delivery of mail in 25 days, and was successfully raid ed by Indians only once. Wyoming is Equality State. known as the PAINFUL KNEE INJURY suifered in speedboat accident brings Actor Errol Flynn to New York hospital for exami nation. He plans to appear as prosecution witness against Confidential magazine aides in Los Angeles. (International) Chiang Kai-shek Now Has Military Power To Launch China War (Editor's note: A flood of reports shout unrest Inside Red China, raises the question of a possible attack by the Nationalist Chinese from Formosa. The following dispatch fives an analysis of the situation.) By ROBERT BROWN United Press Correspondent Taipei (IPI Generalissimo Chiang Kai-shek now has the military power to launch a limited attack against Red China at any time, most observers here agreed today. And, it is almost certain that widespread armed revolts against the China mainland would follow any attack. For Chiang, who retreated to Formosa eight years ago, there have been encouraging signs during the past few weeks. Reports from Canton say that posters have recently appeared proclaiming "expell Mao Tse tung" and "welcome President Chiang Kai-shek." Students in the industrial city of Wuhan, in central China, have been shouting such slogans as "welcome to the Kuomintang (Chiang's own party) to come back quickly." Could Drop Paratroopers Only last Thursday Peiping radio announced the arrest of a rebel group in northern China. It is generally agreed that Chiang's Nationalist air force is capable of launching bombing raids or dropping paratroops in Red China thus touching off a war overnight. The question is whether the Nationalists have the naval and logistic ability to sustain a full scale invasion of the China mainland. The key point is whether Chiang has enough ships and planes to move a major portion of his 600,000-man force across the 100-mile Formosa straits. Armchair strategists say Red China's three million-man mili tary force would simply open up, let the Nationalists pour in, and then swallow them. But military experts agree it is not that simple. Expects Support Chiang personally is con vinced that once his troops gain a foothold on the mainland there will be wide support from Chi nese there. He also is counting on deser tions from the Red Army. Rein forcing this belief is the fact that 14,000 Red prisoners who fought in Korea decided to join the Nationalists on Formosa rather than return to the Com munist mainland. Chiang himself had admitted that he will need American backing (although not U.S. troops) in order to retake the mainland. The Nationalists are not likely to make a move without Amer ican agreement unless they are certain that internal conditions in Red China are right. Eight years and the tremend ous odds against him have made much of the world doubt that Chiang would ever attempt to retake Red China. But Chiang has made a re markable comeback from the dark days of 1949 when Amer ican aid was cut to a trickle and most of the world was ready to write off Formosa. Body of Seattle Woman Found Beaten to Death Seattle (IPI The body of Mrs. Pearl Marie Jones, 55, was found in her apartment here Sunday and King county coro ner's deputies said she apparent ly had been murdered some time Friday. A claw hammer and bottle were found in the apartment, ments probably were used to ments probebly were used to beat her to death. Winston Churchill's Son-in-Law Dies Of Pill Overdose By DANIEL GILMORE United Press Correspondent London (IP) A police in vestigation into the apparent sleeping pill suicide of Anthony Beauchamp, 39-year-old son-in-law of Sir Winston Churchill, turned today to London's smart est society leaders. Beauchamp, pronounced "Reetsham." estraneed husband of actress Sarah Churchill, was found dead in his luxurious Hyde Park Gardens flat, a tele phone dangling near his lifeless hand. Police and firemen broke into the apartment after they re ceived a telephone call from a former lady-in-waiting to the Queen. They said Beauchamp, a husky, dark-haired society photo grapher, had died of an overdose of sleeping tablets. On Top of World "This must have been an ac cident," Beauchamp's sister-in-law Mrs. Clive Entwistle insist ed. "Antony was shortly going to produce a new flim and was on top of the world." Police based the suicide belief on a report by Lady Jane Vane-Tempest-Stewart, 25, a maid-of-honor at the coronation of Queen Elizabeth II, who said she talk ed on the telephone with him apparently as he lay dying. She said Beauchamp tele phoned her of his intentions and that she called police emergency number 999 in a frantic plea for help. "I pleaded with Antony," she told police. 'I tried to persuade him not to be foolish. I was frantic. While I talked suddenly the line seemed to go dead." Police misunderstood her ex cited and confused pleas and sent a car to her apartment in stead. She directed them to Hyde Park Gardens where they broke into Beauchamp s apart ment and found him dead. Marriage On Rocks Beauchamp, whose mother operated an exclusive photo grapher's studio in Park Lane, was born Antony Entwistle, but changed his name m 1939. He became wealthy in his own right photographing Britain's stage and society beauties. He went to Hollywood where he photo graphed Marilyn Monroe and nearly became an actor.' He and Sarah Churchill were married in a secret ceremony at Sea Island, Georgia, m 1949, four years after Miss Churchill divorced comedian Victor Oli ver. Friends said their -marriage has been on the rocks for about two years and that they had not been living together. - Beauchamp admitted to re porters recently that he and Miss Churchill were living apart, but he said that did not mean a di vorce was "imminent." Bellingham Woman Fails Driver's License Test Bellingham (IPI Mrs. Marie Tichelaar, 34, Everson, failed her driver s test Friday. She was doing fine until she lost control of the car, swerved acrosst he street and slammed into the wall of the police station. FOR A HAPPIER, HEALTHIER FAMILY... 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