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!