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g MAIL Til I UNI, Medfere1, Or. Monday, JuIT 13, 1959
New 'Package Plan'
For Trip to Europe
Prepared by Woman
New Package - 2 Col hed
, Cannes, France (CPD - Jose
phine Bay Paul of New York,
one of America's most enter
prising business women, has
started something the vaca
tion trip de luxe.
The fact that Mrs. Paul is
the only woman who controls
a major transatlantic steam-
snip company enabled her to
put her net idea into effect.
She is chairman of the board
of the American Export Lines
which operates a fleet of 30
ships, including the luxury
.liners Constitution and Inde
pendence.
Time Divided
Under a new one-ticket
"package plan" she inaugurat
ed this spring, the traveler
can plan a one-month trip
from the United States to
Europe that will divide the
time half at sea and half on
land
The tourist can be in Paris
eight days after leaving New
York and have ample time to
visit other places on the con
tinent.
"It's the ideal way to see
Europe and come home rested
and refreshed," said Mrs.
Paul. She should know - she's
Fishing Boat Hits
Tugboat and Sinks
Seattle - (UPD - The 79-foot
fishing vessel North American
sank early yesterday follow
ing a collision with a tugboat
off Whidbey Island, Coast
Guard headquarters reported
here.
The Coast Guard had ear
lier reported that the North
American had been taken in
tow after colliding with the
tug Charles.
The crew of the North
American was rescued follow
ing the collision. .
The tug was able-to pro
ceed under its own power to
ward AJaska, its destination
at the time of the crash.
The first U.S. automobile
road race was between Chica
go and Libertyville in 1899,
a 100-mile trip.
made at least 40 transatlantic
trips.
A novelty of this particular
plan is that you enter Europe
at the Mediterranean port of
Cannes instead of the north
era European channel ports
From there Paris is easily ac
cessible by plane, train, motor
car or bus, as are other glam
orous spots on the continent.
After a fortnight on land, you
return to Cannes and reem-
bark for a IA days voyage
back to New York.
At Cannes you are in the
heart of the French Riviera
Nearby are Nice arid Monte
Carlo. By air, Paris is an hour
and a half away; by train it's
a little over 10 hours
Mrs. Paul now has plans
to build a new luxury liner
costing $95,000,000 that would
carry 1,600 passengers . in
transatlantic service.
Operated Under Subsidy
The new ship may be built
in about three years, accord
ing to Mrs. Paul. It's "up to
Uncle Sam." she said, ex
plaining that American shiDs
are now being operated un
der government subsidy and
Congress must aDDroDriate
money to finance the build
ing of new ones.
The government pays 45
per cent of its ODeratins ex
penses. The line handles the
other 55 per cent in both
categories as its end of the
agreement.
Latest Improvements
Mrs. Paul said the DroDoseri
new ship would have all the
1 at e s t improvements 'and
could easily be converted in
to an atomic ship in the event
of a national emergency. It
could also be used for troop
carrying purposes. -
We aim to make it one of
the finest ships in the world,"
said Mrs. Paul. "It would be
about' 50.000 tons with a
cruise speed of 23 knots.
It would probably be over 900
feet in length. .
"Carrying 1.600 passengers
in two classes, first class and
cabin . class, the new shrn
would accomodate 500 more
passengers than the 1,100 ca
pacity of the Constitution and
the Independence."
TheyH Do It Every Time
By Jimmy Hatlo
J tjIWi. Kim Ftf.nwt gpijicm, Intl. Wy
Britain's Income Tax Reduction
Eyed by Federal Reserve Bank
t y a
if rv f
Even when it says
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By ELMER C. WALZER
UPI Financial Editor
New York - (UPD - Earlier
this year when Great Britain
cut its income-taxes sharply,
' American ex
perts looked
on the action
as a great eco
nomic labora
tory experi
ment for us.
If the meth
od brought
Britain to
p r o s p e rity,
Elmer VPalzer why wouldn't
similar plan work in the
United States, it was asked.
And now we are beginning
to see what that British tax
plan has done.
The New York Federal Re
serve Bank keeps its fingers
on the pulse of Europe, espe
cially Britain. .
In its July review, the bank
reports oh the English under
the caption, "Growth without
Inflation in Britain."
Pitfalls of a prolonged, even
though gradual, rise in prices
have become painfully clear
to British observers, the bank
notes.
"Price inflation has ob
viously not been the only
factor in Britain's post-war
difficulties," says the bank,
"but it contributed to the 1949
devaluation of sterling, to the
squeeze on pensioners and
others with fixed incomes, to
ever-increasing wage demands
as workers sought to maintain
the purchasing power of their
incomes, to complications in
the management of govern
ment debt and consequently
in the maintenance of mone
tary control, and to periodic
bouts of speculation against
sterling."
Growth Without Inflation
Britain had had its infla
tion troubles and had lost
markets. Now, however, it is
getting together on common
ground to achieve growth
without inflation.
The New York Federal Re
serve Bank notes that lifting
of British controls on install
ment credit and the reduction
in income and purchase taxes
have stimulated personal con
sumption. Special tax incentives are
accelerating private invest
ment, it notes. Home building
and exports have risen to a
new peak.
Rising wages and prices
have been-checked, partly be
cause of declines in British
import prices. '
"With the government al
ready having used drastic
methods to demonstrate its
determination to maintain the
value of sterling," the bank
asserts, "labor and manage
ment may now be in the pro
cess of modifying some of the
wage, price and other prac
tices followed in the past.
"And having achieved the
requisite price stability, the
government has moved rapid
ly, toward facilitating eco
nomic re-expansion ...
"There is firm ground for
hope, if the lessons of the
post-war years have been
learned so well as now seems
indicated, that Britain may in
fact be on the threshold of a
period of sustained growth
without inflation."
Too Much Concern?
This situation seems to an
swer tears oi Dae iiam-
marskjold. United Nations
Secretary, who has posed the
question of whether we are
displaying too much concern
over price inflation and too
little to economic growth.
The secretary recently said
that the fear of price in
creases is probably "the most
important single influence
holding back the business up
turn.
According to statistics, the
British are achieving growth
at the same time they are
keeping down prices. And
Wall Street likes to think this
situation has been accomplish
ed mainly through tax reduc-
Patterson Award
Winner Announced
Portland (UPD Grant High
school graduate , Paul Hodel,
West Linn, has been selected
for a $1,000 award in the first
Paul Patterson fellowship at
the University of Oregon.
He is the son of Mr. and
Mrs. Philip E. Hodel.
The fellowship is awarded
through the Paul Patterson
Memorial fund created by
friends of the late governor,
who was an alumnus of the
university's law school.
Triplet births occur only
once in 8,800 times. -
?iy&j! - - 1 iljf Jill
I V JH '.OS
ijESlf' It ? '
! ' f I - V I '
BACK TO FACE THE MUSIC George Edward Cole
(left, rear), charged with Trilling a San Francisco police
man in the course of a hold-up three years ago, arrives
back in San Francisco in custody of policeman (right)
The FBI discovered Cole living and working in Des
Moines, la. At left foreground is his common-law wife
Yvonne .Conley, : through, whom theFBI.was able to trace.
him.
tions.
The Street believes the
great laboratory experiment
in Britain has shown the way
for a tax reduction in the
United States.
We copied many of Britain's
high taxes. M a n-y think it
would be highly beneficial
now if we copied tax cuts
as well.
Market men are convinced
that tax cuts here would stim
ulate saving which in turn
would help provide funds for
new business expansion which
in turn again would lift pro
duction. High production is
considered the best cure for
inflation.
The Family Council
Editor's note: The Family Conner consists ol a Judge, a psychiatrist,
three clergymen, a newspapei editor a women's editor and two writers.
Each article is a summary of an actual report. The Family Council does
not give advice: it merely report? on problems that have been dealt
with by responsible acencU a4 counselors.
Mr. N. P-I need her in the
business.
Edna P.-What would it do
for me?
Mr. N. P. -I am having a
serious problem -with my only
daughter, Edna, who is 23.
I have always wanted her
to come into my business. It
is a successful business and
once she really understands it
she will have a good living
out of it without working too
hard. Her fiance is interested
in it and would help out, al
though he is already success
ful in a different career.
I wouldn't mind if Edna
said she just doesn't want to
work. She wants to be a
housewife. But it happens that
she works very hard in a job
that doesn't pay her as much
as the business would. She
takes this job very seriously
although there is no future
in it.
Recently I had -a heart at
tack and I must take things
easier now. It would solve so
many problems if Edna would
be reasonable.
'
Edna P.-Yes, it would solve
so many of Dad's problems if
I would only "be reasonable"
-but what would it do for me?
Dad always talks of the
easy living I could have from
the business, but every time I
have tried to work for him he
drives me harder than ' any
outside employer ever did. He
gives no consideration to
hours, holidays or things like
that. He has always driven
himself like that.
Also, Dad has the most old
fashioned ideas about business
practices. He has superstitions
that are strictly out of the
Middle Ages. I know of at
least ten different things he
can do right now that would
allow him to take things easi
er and would actually boost
business, but. he won't even
listen to me.
Now that I'm about to be
married he suddenly foists all
this on me.
The Council: Edna, like
many other young people, ap
pears willing to accept the po
sition of beginner in the em
ploy, of a stranger, but when
it comes to Dad's business,
she'd like to start on the policy-making
level.
It is natural and human,
perhaps, but it does compli
cate matters for parent and
child. It might make things a
bit easier if both would recog
nize that the young person
just beginning life as an adult
is terribly anxious to prove
himself. Having just emerged
from a position of dependence
upon the parent, he is uncer
tain of his own wings. Any
parental criticism at this stage
his likely to be interpreted as
a statement that he will never
make the grade.
It is, therefore, a good idea
for that young person to get
away from the teaching-scolding
parent for 'a while. If he
gets a chance to test those
wings, he will gain a little
confidence -and possibly be
able to return to the parent's
business in a better frame of
mind.
In Edna's case, things seem
to be complicated by the fact
that -she is also about to start
life in her womanly role. With
marriage just ahead, it is pos
sible that she resents the fact
that her fattier appears to ex
pect her to take the place
usually reserved for a son. At
the same time, her sharp criti
cism of her father's business
methods suggests that she has
long sought this role. Perhaps
she fears a certain loss of her
femininity if she takes on
these responsibilities.
In this case, it might help
if Mr. N. P. agreed to ease
Edna Into the business by em
ploying her as he would an
outsider. He should respect
her hours and holidays-but
she must remember that she
is just an employee, not the
boss.
(Copyright 1959, General
Features Corp.)
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