Medford mail tribune. (Medford, Or.) 1909-1989, November 06, 1959, Image 3

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    Quotes From the News
By UNITED PRESS INTERNATIONAL
Scottsdale, Ariz.-Bob Hawk, original master of ceremo
nies of the $64 dollar question quiz show "Take It or Leave
It in 1940, commenting on the disclosure of fixes in big
money TV quizzes:
"I'm sorry o lb business get into the condition it's
gotten into ... No answer to any question is worth 5100.000.;
Waahintfnn-JRArk Tro1 T PvnvKill fiB-Va raft or fVto Toam.
sters Union listed him as one of 56 congressmen it will oppose
because of their votes for the Landrum-Griffin labor bill:
"Congratulations to me."
Tampa, Fla.-Judge Bob Johnson, suspending his sentence
of 150 days or $300 against Paul Carter, 19, charged with
using a car without the owner's permission, after Carter's
mother fainted when she heard the original sentence:
"I hale to see these mothers hit the floor." i
New Delhi-Prime Minister Jawaharlal Nehru, warning
that if war broke out between India and Red China other
nations would be dragged in:
. . If unfortunately things go worse and worse between
India and China and even to the extent of war-I hope not.
I don't think they will. I am only saying 'il'-such a thing
will not remain an isolated, limited affair,'
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Arabs Proiest ;
Proposed Atomic
Tests in Sahara
s United Nations, N. Y. -4UFD-Angry
Arab nations fearful of
radioactive fallout, from a
French atomic explosion in
the Sahara Desert called on
other nations Thursday to sup
port them in their drive to ban
the scheduled French tests.
Ahmed Taibi Benhima, sec
retary general of the Moroc
can Foreign Ministry, warned
Wednesday that deadly stron
tium 90 from such a test
would threaten 200,000 Ne
groes, Arabs and Israelites in
Africa and that untold harm
might be caused to oasis and
watersheds on . which many
depend for a living.
Attacks Expected
New attacks on French pol
icy were expected today from
the Arab nations now seeking
to line up further support
from other nations for an Afro-Asian
resolution seeking a
U.N. ban on the tests. Intro
duction of the resolution was
postponed until the Arab na
tions win more backers.
French, delegate Jules Moch
told the General Assembly's
main political committee
Wednesday that his country
would go ahead with the tests,
probably next spring, unless
the United States, Russia, and
Britain "renounce their nu
clear armament."
' The three atomic powers are
now negotiating a nuclear
test ban at Geneva and pend
ing' the outcome of the talks
are observing a year's ban on
further tests. i
"Let these powers agree to
halt, under control, the pro
duction of fissionable mater
ials for weapons purposes, to
begin the reconversion of
their' stockpiles,, to eliminate
the( vehicles from these ex
plosives in short, to re
nounce a monopoly in fact
and that very hour, France
will adopt ,the same . meas
ures," Moth said.
COURT SUMMONS CALL AS
Brescia, Italy -IUPD- An
Italian court has ordered so
prano Maria Callas to be in
Italy for a hearing -Nov. 14
on the separation suit filed
against her by her husband
Giovanni Battista Meneghini.
Miss Calas is currently ap
pearing m the United States.
EDITOR DIES
New Britain, Conn. (DPI)
Robert C. Vance, 65, editor
and publisher of the New Bri
tain Herald, died Wednesday.
CELEBRATES BIRTHDAY Sen. Joseph
O'Mahoney (D-Wyo.) who' is recovering in
Bethesda Naval hospital from a stroke suf
fered June 19, blows out candles on a birth
day cake presented to him by hospital staff
members on his 75th birthday. Left to right,
around the senator, are Donald McLeod,
HN, Ann Arbor, Mich.; Lt. Cmdr. Florence
Frazier, MSC, Baltimore, Md.; Lt. Cmdr.
Margaret McCalL Nurses Corps, Philadel
phia; Victor Gartrell, HN, Johnstown, Pa.,
and Rear Adm. Frank Kreuz, commanding
officer of the hospital.
v (UPI Telephoto)s
Inflation Laboratory
Tests May Chart Future
By ELMER C. WALZER
UPI Financial Editor
New York - (DPD - America
currently has the benefit of
laboratory tests of anti-infla-
mho tion measures
W 1 t h a t should
" -- I provide a
backgr o u n d
for future
course of op
erations. These lab
oratory tests
are mienently
successful in
Elmer w.iw Germany and
and in Japan where abandon
ment of inflation has brought
a spurt in industrial progress.
France, too, is reported to be
doing very well with its anti
inflation operations.
George Hagedorn, director
of research for the National
Association of Manufacturers,
told the Joint Economic Com
mittee - of Congress of the
progress these countries are
making in a paper which set
forth our major problems and
I
presented methods of solving
them.
We must find new ways to
finance business which for
years now has built up a giant
debt through the "painless"
method of inflation.
Cost Borne By Creditors
The cost of this financing,
Hagedorn says, "has been
borne in substantial part by
creditors - bondholders, insur
ance policy holders, savings
bank depositors, pension fund
beneficiaries, etc.
"The reduction in the real
value of their claims has been
a major source of the capital
for postwar' business expan
sion." He says we cannot expect
creditors to coopeVate indefi
nitely in a process which op
erates largely at their ex
pense. "
Rising interest rates, he
notes, are a sign creditors are
becoming reluctant to supply
funds for business expansion.
He is convinced business
faces the problem by finding
new ways to finance neces-
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sary expansion. " ;
Hagedorn cites the example
of the three nations noted, all
of them prospering by strict
anti-inflation reforms.
He concludes that the infla
tion problem here is emerg
ing into a new phase because
the American people are
thinking about the problem.
"Some national attitude to
ward inflation - it is too early
to make predictions as to
what the attitude will be - is
going to crystalize out of this
thought process," he says.
Cites Three Major Problems
He centers his paper to the
committee on three economic
problems that will call for a
solution in the 1960s - rising
labor costs, capital needs, and
foreign competition. v
"A continuance of inflation
would not solve these prob
lems but would only make
them worse," he holds.
;' "On the other hand, even if
we succeed in. a voiding infla
tion; these problems will still
be with us.-
"Both the long-term goal of
continuous growth in produc
tive capacity and the short
term goal of continuous high
level employment of that ca
pacity, depend on finding a
solution to these problems."
As the program for the
1960s he suggests a forthright
renunciation of inflation and
all its works; dealing directly
with "monopolistic union
power"; tax reforms to ease
the tax burden on individuals
and corporations; and econom-.
ic tightening up to fight for
eign competition. -
Portland Twins
Total 17 Pounds
Portland -flJPD- A Portland
woman gave birth to twin
bovs Wednesday at St. Vin
cent hospital and doctors said
it was nossibly the heaviest
birth ever recorded in Port
land. The boys totaled nearly
17 pounds.
Mrs. Harold Hartmann, 25,
was reported in fair condi
tion, but she was close to
death on three occasions
Wednesday.
The birth was normal, doc
tors said, but shortly after
wards complications set in.
To save her life, major sur-J
serv was performed that used
all but two pints in the city
of a rare type of blood.
The Red Cross began a dra
matic search for B negative
blood and finally obtained 13
pints, exhausting the supply
of every hospital in the city.
Mrs. Hartman was given 11
pints with two left in reserve
when she finally passed the
"crisis.
The two boys, Pat and
Mike, were born, coincident
ally, on the birthday of the
father, a 32-year-old record
clerk at Electric Steel foun
dry. . . !
Pat weighed 8 pounds, 3 1
ounces, and Mike weighed 8 j
pounds 11 ounces.
The Hartmanns have two ;
other , children, Billy, 3, and
Kathy, 2. " i
BRAZIL POLITICIAN DIES
Porto Alegre, Brazil OJPD
Gen. Tlores da Cunha, 79, one
of the most legendary figures
in Brazilian politics, died
Wednesday.
Grounded Freighter
Hearing Continues
Portland (UPD A Coast
Guard hearing continued here
today into the grounding last
month of the freighter Lipari
at Grayland, Wash.
The damaged vessel, finally
pulled free after eight days,
has been in drydock here but
authorities today planned to
move it. to an outfitting dock
as Lloyd's of London mulls
whether to repair the ship.
Hearing officers said the
Lipari's master, Capt. Philip
F. Curran of Baltimore, Md.,
would be recalled to testify
again today. Curran and oth
ers testified earlier that the
Lipari's . gyro compass and
depth sounder were not op
erating whep the vessel
grounded on the beach.
ACQUIRE FREIGHT LINE
Chicago -(UP- Cooper-Jar-rett,
Inc., has acquired At
lantic Freight Lines for
$750,000 in cash subject to
Interstate Commerce commis
sion ' a p.p r o v a 1 . Atlan
tic Freight had gross reve
nues of $3 million in the
year ended Oct. 30.
Friday, Nor. ,195f
MAIL TRIBUNE, Medferd, Or. 3
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November 9-21
Med ford Mail Tribune
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