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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (July 14, 1959)
16 MAIL TRIBUNE, Medford. Or. Tuesday, July 14, 1959 Ford Foundation Announces Grants Of $5,700,000 New Vork-JUPD - The Ford Foundation has announced grants totaling more than $5, 700,000, including $2,500,000 to the National Bureau of Eco nomic research for its study of the nation's economy. . An additional $800,000 went to the non-governmental na tional commission on money and credit for its major study of the nation's financial struc ture. The commission was estab lished last year with the help of a $500,000 foundation grant. The economics research bureau, a New York organiza tion, also is a private agency. It is engaged . in a 10-year study of the economy. Schools Get Grants . Of the remaining amount; $1,669,000 went to universities and colleges to assist research and training in economics and business administration. , Smaller gr a n t s , totaling $550,000 were made to 20 oth er other schools under a spec ial foundation program to stimulate faculty and student research in public affairs. Cornell University received $190,000 for a study of retire ment policies and pre-retirement counseling programs in industrial, governmental and other organizations under the foundations' program on prob lems of the aging. , ORBITING MISSILES Huntsville, Ala'. - (DPD - The Army Ballistic Missile Agency said Monday Explorer I, the United States' first earth satel lite, would continue to orbit until August, 1962. The agen cy said latest estimates also .1 V -1 TTf 41 snow fixpiurer xv, me sctuuu Army satellite still orbiting, will . re-enter the earth's at mosphere in September . and burn up. Morse, MeuBerger WouW Attempt To Nance Mgef On Presodenft Me Br A. ROBERT SMITH - Mail Tribune - Washington Correspondent (Second in a series) Washington (Special - Fed eral fiscal management is the broad policy area in which lie some of the most sen sitive legisla tive, issues dividing Sens. Wayne Morse and Richard L. Neuberger, and yet both senators say if theyt were a. Kotot. smitk president tney would try to balance the fed eral budget. On the general fiscal ques tions, Oregon's Democratic senators come up with sub stantially the same answers. But they part company on some specifies. For example, Morsev last year lambasted Neuberger on the Senate floor for voting for the administra tion's postal rate increase bill, and he opposed Neuberger's measure to raise the federal gas tax to support continued highway building. During the current political battle of the budget, all mem bers of the Oregon congres sional delegation were asked four related questions to get their views on fiscal 'prob lems. The senators' view are related in this article, those of the representatives in the concluding article of this series. If you were president, the first question stated, would you seek to. balance the fed eral budget this year? Jf so, how would you accomplish this? Would you add funds for certain programs left out by the Eisenhower , administra tion? Would you cut any funds now listed in the budget? Refers To Bills "Yes," replied Morse, "But I seek to balance the budget of operating expenses." This referred to bills he, Neuberger and others are sponsoring to revise the fed eral budget procedure by hav ing two budgets -. one for non-reimbursible i operational expenses, which is the one Morse says he would balance and the other budget for re imbursible capital investments such as mortgage loans, power dams, REA loans, where funds are recovered by the govern ment under a repayable sched ule. "The federal budget ought to be balanced in peacetime years of reasonable prosper ity," Neuberger said, "That definition, would seem to ap ply to 1959. . . Cuts Advocated ' , Both senators advocate sub stantial cuts in the Eisenhow er budget, as well as additions to it. Morse contended "great saving can and should be made in the foreign aid pro gram and in our own. national defense budget where too much goes for obsolete weap ons and equipment." Neuber ger said -''substantial cuts'' could be made by reducing farm price support pjogram costs through "a more realis tic agricultural policy" and by reducing foreign, aid grants and substituting loans. Neuberger said there is "fat in the defense budget" be cause Eisenhower "has failed to live up to expectations as a leader who might be ex pected to end the costly bick ering between various branch es of the armed services." Neuberger would add funds for housing mortgage insur- DAV Service Officer Resumes Duty Here Pat Grah'am, Disabled Amer ican Veteran service officer in this area since 1951, has re sumed that duty, after finish ing a year's term as depart ment commander. - Service and claims work is done in the Graham home 175 Jeanette st., where he may be contacted b y veterans. Telephone number is SPring 2-4192. . , . ' Graham is DAV department hospital chairman and publi city director for both DAV and Veterans of World War I. Washington (DPD President Eisenhower will hold a news conference Wednesday. ance, aid to the unemployed, public works such as dams, forest roads and school con struction. Morse said "self liquidating investments, such as for Green Peter dam, should be expanded even if they are not entirely covered by current revenues." Evaluating Needs "Uncle Sam cannot grow any more than a business can, which never will borrow or raise money to invest in new plant and equipment for fu "The question should not be one of balancing the budget or not; it should be one of evaluating the needs of Amef i ca. . 2. Would you seek to bal ance the budget each year? or would you feel that a budget balanced over a longer period would be sufficient? "We should not' make a fet ish of balancing the budget," replied Morse. Whether or not it is balanced or should be balanced "depends upon conditions foreseeable when it is put together each year.' "I believe the budget might be balance over a 5-year per iod rather than every 12 Back Stairs: President's Future Home By MERRIMAN SMITH UPI White House Reporter Washington - IUPD - Back stairs at the White House: After President Eisenhow er leaves office in 1961, he might live in Washington a good part of each year. In fact, there are some well founded rumors to this ef fect well-founded to the ex tent that several "persons nor mally quite familiar with the activities of the Eisenhower family have been talking guardedly about essentially the same story. Permanent Basis Generally their version is this: The President and his wife will take an apartment in one of Washington's leading hotels and live there on a more or less permanent basis. This would not mean their being in actual residence all of the time in Washington, but their apartment would be head quarters. Naturally, they're expected to spend some time at their farm in Gettysburg, but some what as they do now - fre quent week ends and more protracted periods several times a year.' A ' 12-month-a-year diet of Gettysburg could be quite lonely for the Eisenhowers, and being gregarious people they re not expected tq go into hibernation on the farm come Jan. 20, 1961. Selection Reported There is one( report that the hotel apartment has been selected and reserved. In ad dition to comfortable living quarters, there would be a combination study and office for the President and working space' for a secretary. If this is true, it sounds like he might Enter the BIG LOCAL TA a Jill msff : I SI..- Thousands off Dollars in Prizes! Local Contest -Not National! Your chances of winning are good!. Nothing to buy! 157 prizes in all! Contest limited to Oregon and Clark County, Washington. Finish the last line of this easy jingle: A hotrse-honfrng couple named Fleet Insisted on Modern Oil Heat Clean and dependable Fuel Bills commendable. be planning to write another book when he leaves office. On the other hand, it could mean nothing more than a sensible preparation to cope with the flood of mail that fol lows a chief executive long after he departs 'from 1600 Pennsylvania ave. Close To Friends Here in Washington, the Eisenhowers would be close to a number of old friends. They could make trips to New-York and Augusta, Ga., directly from the nation's capital without the slight, but added detail of having to trav el first from Gettysburg which has no air or railroad pas senger service. This could be more than a casual consideratoin, because after January, 1961, there'll be no fleet of limousines and helicopters at the disposal of the family except what they provide for themselves. Prefers Burning Tree If the President continues to play golf a good bit after he leaves office, -he'd undoubt edly prefer the nearby Burn ing Tree Club to the Gettys burg Country Club where he knows comparatively few of the members. For reasons known only to them, the White House Staff almost never announces the fact but more often than not, the President goes back to his office in the late after noons to work some more af ter he comes in from a round of golf . 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US" Senator Kennedy to Be Dinner Speaker Democrats from every Ore gon county will meet in Port land Saturday, Aug. 1, in a "statewide tribute to the sac rificial work of David Epps, late Democratic party state chairman," according to Rep resentative Robert Duncan, Medford, chairman of the Dave Epps Memorial dinner. Guests of honor for the ban quet will be Sen. John, F. Kennedy, Massachusetts, and Congresswoman Edith Green of Oregon's third district. The banquet will be held in the Neighbors of Woodcraft hall in Portland. 1 According to Duncan, speaker of the house of repre sentatives, the memorial din ner will launch the party's drive for the 1960 elections. ' "We expect every elected Democratic official to attend as well as other interested persons," Duncan stated. Tickets, at $10 each, are available through each coun ty committee. Lower Ratio for Utility Properties Salem -UPD- Utility proper ties throughout Oregon will be assessed this year at a gen erally lower ratio than in 1958, State Tax Commission Chairman Dean Ellis has announced. Ellis said the commission's assigned ratios were decided following a 30-day session of the commission, sitting as the State Board of Equalization. The general reduction in ratios follows the trend estab ished in 1951 to bring utility property assessments into line wth locally assessed property. Last year's assigned ratios were established uniformly 17 per cent above the ratios post ed by each county assessor. This year, the level of as signed ratios was 112 per cent of the assessors' posted ratios. Princeton, N. J. - (UPB - Mrs. Grace Lattimer Jones Mc Clure, 82, widow of Prince ton university biologist Dr. Charles F. W. McChire, died of a heart attack at the Mer rick Nursing home here Sunday. months," answered Neuber ger. "Of course, we cannot peer into the future and know when we may face a shooting emergency like Korea or an economic recession such as we experienced in 1957-58. There fore, when things are tran quil, I would say that a bal anced budget during a 12 -month period is not an un reasonable goal." ' , 3. Should we worry about the size of the national debt? Is there any practical way of reducing the debt, or is this necessary? No Cause For Worry Morse found the national debt no causefor worry. He said" our total assets more than offset our debt." He list ed as assets $262 billion in personal i and real federal property, from public lands and forests to building, plus "$28 billion which is owed to Uncle Sam, primarily for housing loans, veterans loans, REA loans, and power pro jects still repaying them selves." These assets exceed the $285 billion listed as the national debt, he observed. Other points Morse made were the debt is now 59 per cent of the gross national product, while in 1946, after the war, it was 132 per cent of gross national product "and the percentage has been de clining ever since", because production has risen fasters than the debt. Also, he said nearly all of the debt is held in this country, so if paid off through 'higher taxes the pay ments would go to U.S. citi zens arid financial institutions. Alarmed Over Interest .' Neuberger was alarmed over the cost of interest paid on the debt. "The public now pays some $8. billion in inter est charges- each year on the national debt. This cost stems from continued deficit financ ing and the high interest rate policy which this administra tion has instituted." He urged reducing the debt when there are budget surpluses, as well as cutting interest rates. 4. Would you raise taxes if expenditures were forced up, either by defense or social program, or would you allow the debt to rise through defi cit spending? v "At a moment like this, I prefer tax increases to deficit financing," replied Neuberger. He pointed out his four bills "to permit balancing the bud get at an adeauate level of public service by increasing ieaerai revenues by approxi mately S3 billion." These bills would plug "tax loopholes" by reducing the oil depletion allowance and reinstating the excess profits tax, he said, as well as bills to increase the gas tax 1V& cents to keep the highway trust fund solvent and to allow adjustment of postal rates to cut the post office deficit. Would Raise Taxes "In normal economic cir cumstances, I would raise taxes if defense and other non recoverable expenditures had to be increased," Morse said. "In real boom years v we should make absolute reduc tions in the debt. During eco nomic emergencies, however, when the national income is falling and revenues are fall ing off, deficit financing can be a positive good: And it is far preferable to economic collapse." Last year the Oregon sena tors divided on a major tax vote. Morse supported tand Neuberger opposed arf unsuc cessful move to reduce per sonal income taxes, as well as efforts to cut excise taxes on autos and the telephone tax The expressed "reason for these proposed taxe cuts was last year's recession. Last month when the ex cise tax bill came up for re newal, Morse and Neuberger took the same position on all, but one proposal Neuberg ers amendment to raise the gas tax, which was. defeated. They both supported reduc ing the oil depletion allow ance, repealing the 10 per cent trasportation tax, and repeal ing the 4 per cent dividend tax credit, although all these changes were washed out in the final version of the bill. 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