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.
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TONIGHT
5 to 9 Specials !
BACK-TO-SCHOOL SPECIAL!
REMNANTS
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2 Pnce
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LARGE ASSORTMENTS TO CHOOSE FROM.
DRESS MATERIALS, DRAPERY AND CURTAIN REMNANTS.
YARDAGE DEPT. MAIN FLOOR
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MISSES SWEATERS
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FIRST QUALITY KITTEN-SOFT ORLON, SLIPON STYLE
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