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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (April 30, 1958)
i .... w French Aufoists Eye Foreign Trade Paris W French auto manufacturers are preparing to lift the veil from the latest models with which they hope to conquer foreign markets and bring currencies into France. French plans will certainly see new development aimed at making French cars more competitive abroad. The nationalized Renault factory said it will present on one model a solution to the automatic gear sensational in the small car field. It also announced that de liveries of small four-horsepower and the five-horse power Dauphine to the United States would amount to at least 25,000 units in 1957. The Dauphine is now built at the rate of 900 per day and steps are being taken to keep increasing i t s production. The government has put pres sure on Renault to reserve a still larger part of its in creased production for ex ports. The Simca Company, which is still building up a large new factory in Poissy, near Paris, announced its new Aronde 1957 Monthlery model will-do 85 miles per hour. The Ver sailles de luxe model is also selling well abroad. Th revolutionary "DS" Cit roen model is finally going out of assembly lines at a good pace and is packed by the Cheaper "ID" model. Peugeot sells its "403" mod el well' on foreign markets, especially in Europe. The tiny two-horsepower Citroen is doing well on for eign markets, particularly in countries where its extremely good suspension makes it usable on bad roads. The Panhard car is still strong and likely will be fur ther improved for the Paris show. Paying Patients Said Paying Brunt Chicago (IP) The president of the American Hospital As sociation says the self-paying patient is being unfairly ask ed to help finance hospital care for the indigent in many hospitals. Dr. Albert W. Snoke, AHA president and director of the Grace-New Haven Commu nity hospital at New Haven, Conn., said hospital employ ees also are "shouldering some of this burden" by work ing for lower wages than their counterparts in the commu nity: Snoke said self-paying pa tients and hospital employees also are being taxed to help finance health personnel edu cation. The AHA head, writing in Hospitals, journal of the asso ciation, said the burden of, caring for the indigent should be met by tax funds. But he said the communities which pay the cost of such care out of tax funds are the exception rather than the rule. Snoke said hospitals should receive "current full cost from government agencies for both in-patient and out-patient care rendered welfare patients." He said they should re ceive supplemental funds from "society in general not the unfortunate sick pri vate and semi private patient" for the cost of caring for the medically indigent that can not be paid by the patient himself. -miA Taiephota OUT OF CONTROL Smoke billows storage tanks of Esso Bunker Oil Station in Newport News, Va., where 13 huge tanks h ave been destroyed. The out of control blaze is believed to have started with an explosion in the plant's control building. Fashion Desioners ! Emphasize Comfort Fashion designers are put ting emphasis on comfort and ; freedom of movement in dfs signs for clothes to wear in the sports car. One of the most popular is the "car coat," a three-quart er length jacket which is less ; i bulky about the body, when sitting. Many of them are made of synthetic or. process ed fibers to serve as wind- breakers when riding in open j cars. Sports car slacks are slim and close fitting for comfort j and for ease in climbing in and out of the car. Warm j woolen hoods and leather and I knit combination gloves are favorite accessories. MAIL TRIBUNE, Medford. Oregon, Wednesday, April 30, 1958 3A fCeep Medford's Economy Vnii Arrfn . FURNISH YOUR HOME I'm m Ghost of Keynes Seen in Schemes To End Recession By ELMER WALZER United Press Financial Editor New York W The ghost of John Maynard Keynes is seen as stalking through the economic ' schemes being brought forward to end the recession. Keynes Lord Keynes he was in his later years was the British economist who in vented the phrase "spending one's s way out of a depres sion," the term "deficit financ ing," and the one who in the depression of the 1930s thought the world economy had reached maturity. Not all economists of today agree with the theories of Lord Keynes, but some do. And it is pointed out in the current Commercial and Fi nancial Chronicle editorially that public officials seem to have been bitten by the Key nesian bug. Hardly Surprising "It is hardly surprising," says the Chronicle, "that so much that is 'sour and silly' issues from the mouths of leg islators, office holders and politicians generally how ever regrettable their miscon ceptions and their preach ments may be." The Chronicle is opposed to the current thinking in terms of spending. "Now to our way of think ing," its editor says, "this eter nal cry to spend, spend and spend whether by govern ment or by private individuals is essentially wrong-headed. Wasted Breath "As an appeal ot individuals or business it is likely to be breath wasted. Consumers and investors will keep their money in circulation when they think conditions are right and pleas to ignore their own better judgment are not likely to be particularly effective and it is a good thing that they are not. "As to deficit spending or any other kind of reckless out lays by government, we think they are always out of order, but we should feel somewhat less disheartened by them if there were any clear evidence that we really believed as did Lord Keynes in his later years that deficits should be replaced by substantial sur pluses when business is going well, i and particularly when booms are under way and believing it were really pre pared to take action accord ingly." The Chronicle notes no at tempt to reduce government debt in good times and con cludes: "It is a frightening thought that we may go on in definitely enlarging public debt until it reaches really astronomical figures." The New Deal Mitchell of Canada in his current market letter swings hard at Lord Keynes in his typical strong phrases. He says Lord Keynes (in the early 1930s) "attached a fancy name to the legalized theft by which we customarily mortgage our children's income and repu diate our parents' debts, some times called inflation. Keynes made inflation respectable by calling it 'deficit financing' and it was tried out with the New Deal." He characterizes Keynes as the Dr. Kinsey of economics and adds that his works were read by few and understood by fewer. "No wit is clearly evident," says Mitchell, "that in spite of the history of the New Deal, both the United States and Canada are embarking on a new and more massive experi ment in Keynesian deficit fi nancing, the net result of which will be a rapid deprecia tion of the purchasing power of the dollar." All this adds up in the fi nancial district to the view that inflation is the big bogey MGE SELECTIONS! TIMELY VALUES! e r r i i I 1 I F Fm I I in" n I mi H ! M 1 I JfedM.' Ill iSiV r ii " . v ftSM I f ti"'T I'M 8 Set for Outdoor Living Silted fi e F08 SailEU vLOfiG COfilFOUT! Handsome 3-Piece ASKS ARCTIC INSPECTION ZONE Henry Cabot Lodge, U. S. ambassador to the United Nations, goes through papers prior to meeting of the Security Council of the world body in New York. Lodge introduced a resolution calling upon the Soviet Union to remove fear of massive surprise attack by agreeing to a zone of inspection in the Arctic. At right is James Parco, advisor to the U. S. dele gation. Man at left unidentified. Ribonucleic Acid Species Discovered Berkeley, Calif. (IP) The discovery of a new and dis tinct species of ribonucleic acid, a complex chemical that is essential to the existence of every living cell, has been re ported by two University of California scientists. Dr. Frank F. Allen, profes sor of physiological chemis try in the university's medical just now even though defla tion may still be a factor in the economy. Hence, the growing belief in the financial district that across the board tax cuts might work more harm ahead than keeping the deficits down as much as possible and trust ing to time to work out the recession troubles. school, 4and Dr. Frank W. Da vis, research assistant, said the work apparently will have a far - reaching fundamental influence on thinking in such broad fields as protein syn thesis, virology and cancer. Ribonucleic acid (RNA) is es sential to the building of liv ing tissue. In the past scientists have assumed that there was only one essential structure for RNA, which was discovered about 1870. This structure has four nitrogenous components adenine, guanine, cytosine and uracil. But the discovery and definite identification of a species of RNA with five nitrogenous' components by Drs. Allen and Davis dis proves the theory. Innerspring pad with plastic cover to match Umbrella and Table Cover. Adjustable to any position while you're sirring. Umbrella & Table . . $59.95 Chaise with Pad . . $44.50 j Srii&. IhiM lHi I W ft I...U1 ill II I 1 t-.i I I L I IT M Kill I III t If I n . jx vl.'" Tirr i in !.. . lb a Adjusts with p PuU Cord I UMBRELLA and TABLE Plus Adjustable Chaise Lounge Similar to. illustration Last Chance! to Purchase SPRINGWALL Mattress at $3988 Prices Low as Possible Consistent with Good Quality FREE Customer Parking 341 N. Central ' ' We Carry Our Own Contracts o rirx rw Convenient P TfOTTS CREDIT TERMS j MEDFORD ASHLAND GRANTS PASS All-While Kitchen Faces Black Future Mansfield, Ohio OP) The traditional all-white American kitchen faces a black future, according to kitchen furniture experts. The Tappan Stove Co. un veiled what it termed a "brisk, black and beautiful" look in kitchen stoves. The 36 inch electric range made its debut at the summer furniture market at the Merchandise Mart in Chicago. The black model had an in strument panel, twin show case lights, an oven clock, bake - and - broil indicator lights, and a waist-high broil er grill. In 1908, 63,500 passenger cars were produced; this year the figure probably will ex ceed 6 million. Daily's U-Drive Medford Airport JORGENSEN'S CONGRATULATE MEDFORD AUTOMOBILE DEALERS UPON THEIR TIMELY CAMPAIGN TO KEEP MEDFORD'S ECONOMY ROLLING HOP m mm ... race down town in that fancy juice box and help to KEEP MEDFORD'S ECONOMY ROLLING. It's YOU AUTO BUY NOW TIME, and you know Hortense, you'll get a rea! good trade-in offer from any Medford automobile dealer on a snazzy, new 1958 job. Most Medford stores will offer special values, and YOUR purchases will help to spark real prosperity for everyone in southern Oregon. And while you're shopping, Hortense, don't forget to stock up with 1 r- ii. p I v t I XT w -7 There's nothing quite so down right tasty as this EXTRA GOOD Fiesta Ice Cream made with the added nutrient, NUTRIMIX, to make it better than ever! Jorgensen's Fiesta Ice Cream comes in handy-size cartons just right to pack in the refrig erator for EVERY festive occasion. At Your Favorite Fountain or Grocer lY I v" i f S J I uJ 5 ( WfV-' m --Stfi. , ' '' DON'T FORGET YOU AUTO BUY NOW!
