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
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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 . This part of his work
ing schedule barely gets any
attention.
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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.
GE
up to or more on your next trip
EXCLUSIVE
SAVE ON FAMILY ROUND TRIP
Husband ... Full Fare
Wife ... On.-Way Fare
Child over 12... One-Woy
Child 5 to 1 2 ... On.-Woy
Under 5 . . . Fre
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