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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (July 1, 1958)
o o 0 0 O o G o o o O o Q O n o o o G oo G o b o o 0 O O o ooo Qo o , O O Medforb o 2rJ SECTON MEDFORDp ORON, .JUESDAY, jtfLY 1, 1-6 SWARMING OVER AUTO, strikers aCljrysler miSsile pIant,Sterfcng, SSich., uOp non-striker trying to enter plant Other cars tuided back at plant gate. (VSi ffdfes25c&& Every American As Share cf United New York UPI) The average American makes an annual salav Crf between $5,000 and $7,000 a year anc? has around $1,570 in cash sav ings. However, he also is $2, 900 in hoc2o Some people owe Shore money than others, but theJ fact is . that every single American, including every baby born today, is in debt to some extent. The total public and private debt in the U.S. at the end of 1957 amounted to almost $726 billion, an increase of $26 bil lion over 1956. Broken down further, the total private debt, including mortgages and installment debt, came to a whopjsing $455 billion, an increase of $23 billion over 1956 The fl public debt at $271 billion was $3 billion greater than the previous year. Must Be Paid Off Despite what 9nany people might believe, the public debt t is something that is going to have to be paid off someday. It represents money t&at the government has borrowed to finance its operations money borrowed mainly from indi viduals. e Figuring a poiSilation of 170 million, the public debt alone works out to arouncbf $1,540 for every man, woma and chijd in the nation. Tljat is what you personally owe. The private debt, of course, also includes the $217 billion that corporations owe. The private debt has risen at g much faster pace tnan the public debt, climbing from $250,900,000;000 in 1950 to f $455 billion in 1957. ? j TnHiviHnal nnr! nnnnmnr. j ate borrow, s increased their debt by .14,400,000,000 last year, while the corporate debt rose only $8,600,000,000. Both Increases were smaller than in 1 95B- C The corporate debt affects consumers. A company must pay the principal and interest c on its loan, and this is figured as a cost of doing business which is reflected in the prices that firms qharge for its produces. Increased a?iggja Anyway you- look at at, ftie total pubftc and private ?4ot iQ the U.S. te omethin to 5a reckoned with. . 8 Thile what we owe o Bad been increasing, So has Sh araount we have been ssdjing awey if? the form of caving. In the first quarter of 183, cash savinsrs sjftungs ac-4 counts, government savings bonds and life insurance rose by $5,600,000,000 tcf an Vartfme peak lift i i&feA. This inorefi8B sri&$ hjeig fc B8lin i, ffrgfi 9he dontura ia0 busass. Co&r eumers just feicii&scS. ?a esv raore than hy spHt. - Taking everything M"fp oa id6$(icffl, im e&ceasfftirf still feel the average oneu ma? ie is &odQ 8wfeeia ec- TftoiNs?e!8wi9S0 &lft in curred in puPcSaeinff eafts nlenSes anfl olja durable goods is being eaifl of? at a all-time Siigh of $268,253,000,-d hgaiyiy rate. aSaulta anfi Je 000. That topped even tfla possessions ape at a iov level. if i II II. -i mm mm At RC Buitdin The nursing services com mittee the Red Cross- will conduct a training qpurse for nurses and teachers who can quaftfy in care of the sick and injured at the chapter nouse, 80 HawtHorrte ave., Medford, July 1 17, 18, 21 and 22. ' Instructien and practice teacjiing will Be givgn ftndep the Supervision c& Mtes Bar bara Hirsch, nursing field rep-1 rescaitaiive of the Kefi Cross area office, S8n S'fiaacisce. Following the ingtwictiOn couras commttai'?y efaiseastpill be heid 9op H&flue. p ganizea g?eu eucft .s chupctles, ege, g?Bgs, stufly gpoug, ftaaKR gyeupe, $ervic Gbd uSiiiafi&e, anft gates' augiliaviae sa a y agonsop ela9ss. (fcaBgdS 83h$i!gD$gi 33&,i& Sgonorin gPois ftbulfl ecoatect the nuseiv sepviee go9 mBiArfioras. f&diTiSuals may Js pegdsfeSP iof elaaaa py telepResimB 4he Stefl CPos effiiee, S?rin S-A405. Ccaaiunity elaeees a?e She cnapte mouse. . ffha usiiaf aayvice csa mittee jefBia5ied all those previously rain 4ba"S 4hey coypae. Sw mateplal 649 6ea includedi "8 ite civiliaa 3a ffieaae myvsm&ps. , All flupsfis egisteea . eivilliaa &eSeRm may ?egieefi To take fte insPUjrfoe? course inee i east effi "the co$i- binefl tpaifiing ffiof "disaster e Ske& sas h9 Civilian 8a- "Phe rggulftr meeting f toe Daesrt Peskeus weo celdeS to orier by Billie Morgan at tha Jim waet pflnch Saturday, June 81. Binal plane -Berg mefle- fbr the Bucaroo breafefest and Play Day held Suflfiey, Jufte 88. Thoas tyhp en4 to the o?cftitgua Junior Bodeo iune 15" noptefl having e grand time Charlotte Ximmerlee place 8 in the mosey in th barrel race enfi in the loose rog8, cal$ poping contests. The winning bait buckle tfare rVgine Slimbeal, Dale Vaughn, Laura Sfae Ioble, Rickey Meyers onft Juenite Ximmerle. Pan traps comgleteg 5b5 &up three-flay rie ovep the ffcftirtn eg Fuly -weefc e Ohicft oup egeB, t&ae 5ffapy S-oy Gapnep a hep Yirginia ffleyg, aleng seven aPe accoHHEisaayiH ue. Bale Vest a$e9&2$ ike S-S Sftesy iA Wss, UttisQ glass iSaSt s& f&estefb g&eesuse. M u8 ftter Say, $ume S3 fiePe vese &9 His& With" CAaHoSfl ZiiRiae, Millie JPuflHi"?a ZiaaAeplee xon Expecf ed To Stage Super ampaign for GOP in California oWas-hington (UPD The Democratic party magazine eaye Vice President Richard M. Sixon is expected to etege a "euper 1 collossal pcditicab la Tppqihr Bous& Mr&. Lillian Franae Shye, Inglewood, Calif., told sher iffs officers yesterday hat her house-trailer had baen budglarizod at the Ever Shady Auto court near. Phoenix. Officer said thg frent door window wae brokeg and $40 taken from, e drawer in. tha bedroom. ?here were two demonstra tions a,n$ refreshments wer served by 3thy anfl Mrs. ffradarici. The date aS the net jreatis has nob EgBn sfancy StimaB4 S&Dr8eB es won a lit ffet 1 Siipftg aa cos vifiAte. J or tfses (HtafSt .. Eiat89 ffifi? ywe If $ a SBeasis Syey- ig. Wyep $&ffi&8- j Wml ctpie eo. Bey I . ei8n tauJ88ifi wiH ' .MP1 ' sDeciacujor wnea ne cam paigns for California Republi cSh candidates t&is fall. But the magazine, the Dem ocratic BJgest, suggested that Njycon will suffer no matter how the elecCions turn out. An article in the July Di gest said the California cam paign "imposes a greater test upon the cunning, dextrity and histrioaic ability of Presi dent Bisenhower's heir appar ent" than ever befor Snolarta Needi Help lit said both Senate GOP leader William F. Knowland, nominee for governor, and Gqv. Goodwin J. Knight, com ings for senator, apparently tyould have been stronger candidates if they had merely sought reelection. "?he man whs needs help tha most is Knowland, who is running on a flagrantly re actionary, anfd-1 a b o r pro- tha Oigest eaid. "If WigioH camnaigne for Know-; lefifl, ne wflf eeem to put him-; self in the old guard camp of the 9OP. "But Nixon has been work ing for years to gain colora tion as an internationalist and economic moderate to win support from the Dewey wing of the party. How can be keep this camouflage suit on and still work for Knowland . . ." Nixon himself, appearing on a filmed television pro gram, was asked by Rep. Ken neth B. Keating (H- N.Y.) whether there was a "new Nixon" as he had "read in lot of stories." UT...1J T, j "I would be very ashamed, if I hadn't changed in the 11 years that I have been in pub lic service," Nixon replied. But he added that "I have followed certain principles with regard to the economy, with regard to our responsibil ity internationally throughout those 1, years." "So far as the 'new Nixon is concQ-ned," he continued, "I might suggest that it's very possible that many ofthose who are finding the new 'new Nixon' may not have Known the old one." 89 a S sen's. etee&ed an aeil g)enaeaisfea,f!8a$ a 6Dfte mae twojyay ewtefe. "We eoa&$le4ea aa$ OeiftanstpatsS a. fvre-way aaad 41keg-way Met hasS we 8e ne of the Oven io Yoq HaaftePES 60a Baa$a ............ V 8& - Gca&iee, 23x3 daz. CA8B8 AD 5j3j3b to Order fof ... Cearden's Bakery rfteetifcg was aeld Tune l a4 $ha Keme 9 Kathy S'pedepick. Ml igo tgna dnd West teaio ffij i i ai i " CDnUl ! I5VEM- ID $1169 a O'PEM NIGHTS SHOP FROM 9 A.M. TILL 8 P.M. Thru Thursday Closed the 4th Saturday 9 a.m. to 5:30 p.m. Lucas, & Howard's BIG STORE WIDE JULY , SAVeoti- i Fyrnituie! Floor Covering! FREE SODA POP FOR EVERYBODY! LUCAS & HOWARD'S FURNITURE BAfHl AIR CONDITIONED FOR YOUR COMFORT South of Qentral Point en, 99 North of Medford Two Fires Reported In Ashland Area Ashland Tw fires were reported by the AsMd fire department over the week end. A house fire was report ed at 4.19 p.m." Saturday at the Jason Pie?ce residence, 437 South Mountain St., Ash land. Firemen found the house completely filled with smoke when they arrived. Fire dam age was limited to the couch but some smoke damage in the. rest of the house was re ported, firemen said. Cause of the blaze was undeter mined. A grass fire at 4:30 p.m. Sunday at 339 Whightman St., Ashland, was extinguished with no damage reported. M.C.&. FROZE 0 : 1 1 1 if sir ii Sm i ' UU " b l-i nn 1 1 J UUUU-JUU U " fllUUL-l u uu n Daily's U-Drive Medford Airport PictsVeetProjen French Fries Pound Bipa-Pirtad L!! Mo. 1 CSn U CKUMBl l fLAVO o AID Beg. 29c f (L JJ 2 Quarts U o ... MEflS.;. .sr (0)2, Canned Picnics .1. H" .1 franks Too Grade Skinless 3 IB. Box Zr3 W EWERS Skinless 12 oz. Cello 0 each SAVE ON OUR HOME FREEZER DEALS! i' Cut, Double Wrapped Pick Them Up Anytime! Freezer Deal lb. 5-LB. RIB AND CLUB STEAK 10-LB. BEEF ROAST AND SWISS STEAK 5-LB. GROUND CHUCK 5-LB. RIB STEW 25 19 50 Freezer Deal lb. 5-LB. T-BONES 10-LB. ROUND STEAK & RUMP ROAST 5-LB. SIRLOIN 5-LB. GROUND ROUND BuyM0neLYEach, Save ' lbs. 5J?5 GREEN STAMPS . o v mm 2330 Crater Lake Ave. NEW STORE Ph. SP 2-8188 Ad price effective Tuesday Evening. Wed nesday & Thursday, July 1-2-3. CLOSED JULY 4. HOURS Week Days 8:30-9:00 Sundays . 10:00-7:00 We Reserve the Right to Limit Quantities
