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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Dec. 15, 1958)
MAIL TRIBUNE, MedforJ, Oregon, Mendiy. Decimbr 15, H38 American ffBcDafls See Klo Let-Up Dn War off Serves Puring ext Year Washington-dTD-Top Amer ican officials foresee no let up during 1959 in the cold war of nerves between Russia and the West. These are the Russian tac tics which Dulles and his aides blame for the fact that 1958 produced a series of "crises" around the world wherever Communist and Western interests conflicted. , Dulles, with the firm sup port of President Eisenhower, is convinced that the only possible course for the United States and its allies is to stand firm on all fronts and hope that the Russians eventually willpbandon their probing ef forts as a bad job Come Out Ahead The 70-year-old secretary of state, according to his aides. considers that on balance the United States came out ahead of the Soviet Union in the battle of nerves, diplomacy. propaganda and pressure that raged during 1958 from the coast of .Red China to em battled West Berlin. 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But they ack nowledge that the Russians have not been without their successes. - Officials Convinced In the Middle East-American officials are convinced that the swift action by Presi dent Eisenhower in sending American troops to Lebanon saved that country from a revolution which would have placed it firmly within the orbit of United Arab Republic President Gamal Abdel Nas ser. Even more important, they consider that the prompt American response to Leb anon's appeal for help con vinced small countries every where that they could depend on American assurances of protection They think this action in Labanon halted further deter ioration in the Western posi tion in the Middle East and forced Nasser to retreat to a position closer to true neutral ity. In the Far East-The United States found itself at odds with some of its allies when it decided to help Chinese Na tionalist President Chiang Kai-Shek hold the tiny off shore islands, including Que moy, by force if necessary. However, Eisenhower and Dulles stood firm on their assertion that this was a neces sary part of a determined, allied stand against Commu nist expansion on all fronts and the islands could not be given up without leading to more Red gains elsewhere. When Dulles succeeded in getting Chiang to renounce the use of force as the "prin cipal means" of realizing his dream of returning to the mainland, most of the allies seemed to feel easier about the American position. Ground Regained In Latin America - Here Dulles is said to feel that the United States has succeeded in regaining during the past six jnonths much of the ground lost earlier in the year. Early 1958 disclosed growing .Latin-American re sentment against the U. S. because of its alleged "ne glect" of that area and its crying economic needs. Ifc drill SPACE MONKEY LOST An Army Jupiter rocket blasts off from Cape Canaveral, Fla., with a male squirrel monkey as a passenger. The monkey was rocketed 600 miles into space at a speed of 10,500 miles an hour across 1700 miles of ocean. The test was called a success despite a mishap in the recovery gear which prevented location of the nose cone in the target area. Vending Machines Use Paper Money St. Louis - (UPD - National Rejectors, Inc.. has come up with a curency detector which permits the use of paper money in vending machines. The company, . world's largest manufacturer of coin machine slug rejectors and other coin handling mechan isms, unveiled three machines at the recent National Auto matic Merchandisers Associa tion here. One enabels the customer to buy more than one product at more than one price, with the use of paper money. An other could provide a wide variety of ticket sales services for commuter rail roads, theaters and other businesses which dispense tickets. And the third, called a "communications vender" ma chine, could be used for send ing communications such as telegrams, cablegrams, long distance telephone calls and other messages. John Gottfried, president of the company, said the devices utilize an "electronic scan ning method" to detect paper money, and to accept or re ject it. Patents are still pending. Inflation Seen Chronic Problem Mining for gold and dia monds in most of Africa has been transformed from hand labor to machines. Julia is a Latin name for "Soft-haired." By ELMER C. WALZER UPI Financial Editor New York (UPD Not a few of the economists look for what Newsweek, magazine de scribes as an armistice on i n f 1 ation in the coming year. Inflation, it is held, is dormant just now except in the stock mar ket where the K.lmer waizer price trend is still said to be higher al though at a more difficult pace. Newsweek quotes Jules Backman, economist, New York University: "The fear of inflation in the period ahead has been tremendoulsy exag gerated." And William C. Jackson Jr., retiring president of the In vestment Bankers Associa tion: "The current armistice should not lull us into for getting that inflation is likely to be our chronic problem in the future." Newsweek sums up the sit uation as follows: "A strong upward surge in business might solve unemployment but provoke serious inflation. Tight money and a slow pace might check inflation, but leave too many jobless too long." "Perhaps the best thing about the mood of U.S. busi ness last week was this," Newsweek says: "It promised the kind of upbeat but mod erate pace that could be best for everyone in the long run." Dr. Marcus Nadler, consult ing economist to the Hanover Bank, holds that a sure break against any inflationary pres sures in the near future is the current low price level of gov ernment obligations. "If prices of intermediate term government obligations remain low - and particularly if they should decline further - commercial banks will be very reluctant to sell them at a loss when demand for credit increases," Dr. Nadler says. . Banks, he holds, may be frozen in their government holds and that will make tigher Federal Reserve credit policies more effective. - Robert Van Cleave, vice president for research for C. F. Childs & Co., government bond house, sees the Treasury competing in the money mar ket and bond market for new funds in 1959 with several offerings of new securities. Higher Money Rates And there'll be a lot of re funding of government issues that mature in 1959, he adds. He doesn't believe the Fed eral Reserve will gladly pro vide a sea of new reserves on which to float these new se curities. He does believe lack of credit expansion by the Federal Reserve plus greater demand for funds will bring higher money rates with banks financing themselves through sale of securities. Van Cleave concludes that interest rates and bond yields for 1959 will follow a general ly upward pattern. That means lower government bond prices which bears out the Nadler theory. Nadler, however, doesn't believe the banks will sell their bonds at a loss to raise money for credit purposes. The inflation check theory for the period ahead is based on a recovery that will be a slow, steady one. A solid rise without excesses that will lift business without generating a boom. Also the economists point out that basic commodities haven't joined the rise in prices and note that con sumers haven't been doing any hoarding of goods as they did after, the start of the Ko rean War. Hence if their foresight is accurate and if the govern ment can get its house of bonds in order, the new year's advance should indeed be a comfortable one. 4S- 4 COME AND SEE! 250 Children of the Apostolic Faith Church presenting seven scenes of "The Birth and Life of Christ," in colorful costumes and joyful songs. Tuesday, Dec. 16, 7:30 p.m. FAVORS FOR ALL CHILDREN ATTENDING - Supervised Nursery Tuesday Sunday School Program 7:30 p.m. Friday Evangelistic Service, 8 pm EVERY SUNDAY Radio Broadcast, KMED .......9:05 a.m. Sunday School 9:30 a.m. Morning Worship . 1 1 :00 a.m. Young People's Meeting 3:00 p.m. Evangelistic Service 7:50 p.m. Apostolic Faith Church Loyce C. Carver, Pastor Phone SP 2-2757 3rd and Central, Medford s & . This reached its peak of public expression in the vio lent demonstrations in May against Vice President Rich ard M. Nixon in several of the Latin-American countries he visited. The U. S. took swift steps to try to change the at mosphere. During a trip to Brazil in August, Dulles spelled out U. S. concern for Latin America and made it clear Washington would show more interest there. This was followed by announcement of U. S. willingness to help fi nance a Latin-American re gional loan fund - a project dear to the hearts of that region but one which Wash ington hitherto had refused to endorse, insisting that the World Bank and the Export Import Bank were adequate. Officials felt by the end of the year the U. S. position had been retrieved to a consider able extent. In Europe-Soviet pressures designed to force the U. S. and its allies out of West Berlin succeeded only in unit ing them more firmly than ever in their determination to stay there at all costs and pre vent communization of the city. They rejected Khrush chev's proposal that they abandon West Berlin and let it become a "free city" under some vague form of United Nations "observation." Faced With Threat At year's end, the West was faced with a Russian threat to pull Soviet forces out of East Berlin and turn that sec tor over to the East German Communists unless the allies agreed to the "free city" sug gestion by May 27, 1959. This This would force the allies to deal with the East German puppet regime, which they re fuse to recognize, or force their way through Red terri tory to get to encircled West Berlin. However, there was no noticeable nervousness here as officials reiterated their intention to stand firm on the issue. Nuclear Tests-Officials ac knowledge that the Russians scored a major propaganda victory when they announced last March that they were suspending all nuclear weap ons test and would make the ban permanent if Britain and the U. S. agreed. The Krem lin, knowing that Washington and London had prepared a new series of summer tests, made considerable propa ganda capital out of the fact that Western tests continued. However, when Britain and the U. S. ended their tests in October and called for a one year agreement on suspension and an effort to work out a permanent ban, the Russians lost propaganda ground by going ahead with several more blasts of their own. Issue Bogged Summit Conference - 1958 began with considerable sup port, especially in neutral areas and some European capitals, for a Big Four sum mit conference as proposed by Soviet Premier Nikolai Bulganin and pushed even harder by his successor, Khruschev. However, the U.S. insisted that Eisenhower would not participate in such a meeting unless it were well prepared in advance with some chance of reaching agreements. Britain and France finally backed the American ' position and then the entire Western alliance swung into line with Wash ington at the May meeting in Copenhagen of the NATO foreign ministers. The issue bogged down and then was sidetracked into an ill-fated effort to arrange a summit meeting on the Middle East crisis at the United Nations in August. Everyone appeared agreed to this when Khrush chev, after a trip to confer with China's Mao Tse-Tung, declined. to sit in unless Na tionalist China was excluded. All in all, American of ficials feel they came out of the cold war as well as could be expected in 1958 and that the U. S. ended up with more Dear Bill: . Settle that Christmas selection now! Quit worrying buy a rug at Laurine's. . It will be delivered any time and you pay nothing til after the 1st. Shop tonight! LAURINE'S CARPET HOUSE 520 S. Riverside No Money Down - SHOP TONITE! victories than defeats. But they are braced for continued and possibly inten sified Soviet efforts and see no end In right for many years. Meanwhile, the chief hope for continued avoidance of all-out nuclear war appears to officials here and abroad to rest on the feeling that neither side would want to take the first step to touch off the holocaust. . HOLIDAY m ABROAD'J HieuuitJvJitinmtt RCA VICTOR'S MUSICAL TOUR OF EUROPE feist Six beautiful new albums recorded abroad by the world's great continental orchestras. Musical trips to Paris, London, Rome, Lisbon, Dublin, Vienna. I BOOKS GinECQRPsT Merchants . . . Clerks . . . Office Workers ... Doctors... Lawyers... Service Station Attendants! ,.. if possible, LEAVE YOUR CAR HOME DURING THE NEXT TEN DAYS. If you live very far from the down town business district, ar range car pools with your neighbors. This cooperation will help to relieve the acute parking problem down town, during the Christmas rush. It will provide added parking places for the convenience of shoppers and out-of-town visitors, who will greatly ap preciate your courtesy. Medford Mail Tribune !O!0fO!OmfO?O!0fO!0!O!O!O!OfO!OfO!OfOfOfOfOfO!O!OfOfO!OfO!OfOfO!si
