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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Dec. 23, 1959)
1 I Theyll Do It Every I IT'S OUf? NEW VIBT- Last summer, 0400GRASS,TW SNOw-SHOVEL. SALESMAN, CAME APOUND- BUTFOPSTll-LSONl IV0UUTTSIVE HIM A C9VI1. tM3RO, LET 4LONE CRDEC , -f HEY.' H VTRKDSOV X WANTONS XVEAH-AVIBRO- BEEM P OOffT VOL! Yl SO COMES Mg?yOFTEM SNOW J HELTER,marrs H WANT MY BUSINESS U fT THE 2s!,2YSMOVELS MTS rWHflT I CAME I ANY MOREPLOOK-2. I Oc4t fapJSTVFi '5)9B !s n-; JNTOR-r WANT TO ORDER A I R2CW 74 V"55 1N rlfeT7S GROSS OF V1BRO- I STORM Yy 2?7TtaP ifA ms""to smove-5" a p Foreigners1 Dollar Securities Could Buy Br ELMER C. WALZER UPI Financial Editor New York -fliPD- Foreigners hold enough dollar securities to buy out our entire supply of gold. Of course, foreign na tionals cannot buy our gold any more than Amer i c a n s can. But they can sell their securities, get dollars for Elmer Waber them, turn the dollars into their government treasuries for native currenc ies, and their government in turn could buy our gold for $35 an ounce. Bankers will tell you that this won't happen. No one is going to make a run on the gold hoard any more than de positors are going to produce runs on our banks and draw out all deposits. Better Return Hera That's true when all's well and the foreigners are satis fied with the return on the U.S. securities they own. They One-Yard Wonders How marvelous! Each one of these smart go-togethers take just ONE yard 54-inch fabric. Make popover top and Sandy vest to match or con- trast with fashion-favored slim skirt. Tomorrow's pat tern: Child's dress. Printed Pattern 9462: Miss es Sizes 10, 12, 14, 16, 18. Vests, skirt: Each takes 1 yard 94-inch. Printed directions on each pattern part. Easier, accurate. Send FIFTY CENTS (coins) for this pattern add 10 cents for each pattern for first-class mailing. Send to Marian Mar tin, co Medford Mail Trib une, Pattern Dept., 232 West 18th St, New York 11, N.Y. Print plainly NAME, AD DRESS with SIZE and STYLE NUMBER. r PAINT WITH - - W Time fef MELTES SNOW SWOVEL- tZrTTVVrr BE LONG TILL, iaQ, JUST E7?n? T WINTEC ROLLS -JV All U.S. Gold Supply are happy right now because they get a better return here than anywhere else. Suppose our interest rates come down or foreign interest rates rise above ours. In either .case the foreigners are bound to go to the market that pays the best return. Their money knows no obligation to us or any one else. In that event their govern ments would be holding dol lars equal to our gold hoard which now is listed at $19, 478,000,000, or about 49 per cent of the world total. Thus it would appear that we cannot cut interest rates as much as we would like even if money became more plenti ful. That's the -conclusion of the editors of the New York Jour nal of Commerce who bring up the problem of what would happen In event of a big gold loss. " ' . 'Psychological Effects' . "True, the effects of a gold loss would be mainly psycho logical," they assert. "But psychology leads to human reaction, and the psychologi cal imnact of a loss of gold in this country could easily end up hurting our International trade and service industries, while also bringing a flight from the dollar into goods at home too." The Journal of Commerce labels the fact that foreigners are willing to invest in our high-interest securities as a silver lining In the cloud of deficit in our balance of pay ments. One thing that isn't men tioned is the fact that when the U.S. government sells se curities to its nationals it may pay a high interest rate. But as the interest income goes into our pockets, the tax col lector's hand is there to grab Neuberger Expects More liberal Benefits Portland-flJPD-Congress will liberalize social security bene fits next year, Sen. Richard L. Neuberger (D-Ore.) has pre dicted. , He told a veterans lunch eon meeting that Congress is likely to remove the present requirement that an individu al he 50 vears of age before he can qualify for disability benefits. He said it also may broaden the disability defini tion so that more workers will be eligible. Woman, 82, Saves Youngster From Horse South San Gabriel, Calif. -flUTL. An 82-year-old woman saved a 9-year-old boy from being trampled Monday by friehtened horse. Mrs. Irma Manchester grab bed the danzlin? reins of the rearing horse and held on, preventing it from stamping on Charles Root Jr. The Doy had been riding the horse and was thrown off when' it was frightened by an auto. , MAN'S BEST FRIEND??? El Monte, Calif. DPD The companion of a suspected thief was held today. He was col lared by market employees when the suspect fled while being questioned about the disappearance of a Christmas tree. Sheriffs deputies thought the companion, a box er dog, might lead them to its owner. " MEDFORD PAINT and Wallpaper Store rii Holly Diagonally Across from Post Office PHONE SP 2-9321 Wo Give By Jimmy Harlo SNOW SHOVELS?' ADE. SOU CGAZypQUrr eU66)N ME GOT ENOUGH TROUBLE KEEPIN& COOL .'I'M OVERSTOCKED WITH 1 III up to half of it for taxes since the interest on U.S. govern ment bonds is taxable at regu lar rates. When foreigners get their interest they are immune so far to our tax collectors, so it costs us more to sell bonds to foreigners than it does to sell them to our nationals who have to shell out fat taxes'. No Precedent Hero One thing about this poten tial danger on gold is that there is no precedent for it. No one knows just what it would mean to take a severe loss of gold for us. Foreign nations have gone through that process many times with out dying. ' They nave become strong with our help and what not long ago was a dollar gap - a big dollar shortage for them -is now a big dollar surplus. The big trouble that the ex perts say is being fixed grad ually is out continuing deficit in our balance of payments abroad. Once this is plugged Up the situation may reverse and we may get gold back and foreigners may have to reduce their dollar holdings. The thing can move in eith er direction. And the experts note that this country doesn't want foreign nations to run short of dollars and lose the strong economic position they have built with our aid. sk-i ' ,tf 1959" II y '""i u Wi G.E. RANGE fjf TCDHlie - ': a wif. ,ri $... m. if --NS AUTOMATIC II I rIVlO I kV' r ?0fi4' DISHWASHER V j vV!. i - : ?f f " .-II LOW Caffe-taOS '-&SSkiS!f ffip - M- drudgery forever; , fii1!mm&y2- f -SbWT 1 ;jP p , v-, A new G-E Automatic Dish- . -f'tPV. ill - J 3f!?i ''I I ' 'f washer will start saving you Cl J Epr " I ?f$ H . ,im (233 hours year) Jnd I l--' T ftek ' jO ? work (39420 Wishes a year V " l4ir W f & used by average family). Now n nn n n yo can devote rd 1 1 1 ' " 1 1 - 1 1 1 "l . energy to your family and to -5---7 - 3 N" I CR0SLEY FREEZER 1 cncc-JCO ifSSSh 14" portable TV oiyp. FREEZER Dsij iSga New Freezing Unit ! umv vUUnXJwi ' "T Your Choice 60 50 $45 .. NJP ' - I 1 1 D ilrO HOME APPHAMCE C0 I" 1! I I" GOOD SELECTION I Z , . c , I 9 Z&X f I PV lf fltO GOOD RANGES J l lU lW YOUR CHOICE Bendix, Coronado APPLIANCES U V Y rWNfT) 6000 from $5770 A Perfect Xmas Gift D I vUJNJm . . . 1 . . . . , D Z 303 SO. FRONT ST. Ph.SP2-559S Ask Kick Keener to show you the many Budget . Bargains he has now! n - lajr i Tmmmmmmmmm FBI Agent's Act of Kindness Toward Runaway Youth Probably Changed Course Editor note: United Press Inter national recently asked FBI chief i. Edgar Hoover to write a year-end report to the people on crime, es pecially juvenile delinquency. The No. 1 G-man responded with the following unusual Christmas story, By JOHN EDGAR HOOVER Director. FBI Written for UPI - Washington (UPD Christ mas stories traditionally in clude tinsel, trees, plum pud ding, holly and mistletoe. This story has none of those things, but it does have giving and gratitude - and an ending that makes it, I think, a most satis fying story of that wonderful season when every member of every family longs to be at home. This story began about 10 days before Christmas eight years ago. At Chambersburg, Pa., an FBI. agent, on leave from our New York office, was asked to provide transpor tation to the next large city on his route for a youth who had been ill and who was hopeful of securing a job on his ar rival in a distant city. Story Develops The agent willingly agreed to take the boy as far as Win chester, Va. Noting that his passenger appeared to be ex tremely young to be seeking a full-time job, the agent, gen uinely interested, began draw ing him out. Bit by bit the story developed. The youth had left his New Jersey home, but his reasons for leaving proved to be very different from those of the usual runaway. A junior in high school, this boy had just come out of the hospital where he had been confined for a three -week period with a glandular ailment. His mother, a registered nurse by profes sion, was widowed, the father having died before the youth was born. The mother bore the burden of rearing the lad and his sister, and caring for her own aged mother as well. The sister had completed high school and secured a job. The youth felt that he also should seek a job and thereby ease his mother's heavy burden. So he had left his home. Wouldn't Ease Problem Once he had - learned the boy's story, the special agent sought to convince the youth that his action would in no sense ease the mother's prob lems, but would add to them, and that it would be much better for all concerned if he were to return to his home. The agent, meanwhile, had learned the boy had only 20 cents, and that he had spent the previous night in a Salva tion Army barracks. i Using all his powers of per suasion, the young special agent at last succeeded in con vincing the youth that he should go home. As soon as they arrived in Winchester, the agent purchased a bus HILTS School Program Held By MRS. M. F. CAVIN Hilts - The elementary school held its Christmas pro gram at the school Dec. 17. The program included a welcome song by the fifth and sixth grades; a skit, "Christ mas Dolls," by the first and second grades; a song; two skits, "Present for Santa Claus" and "Spirit of Christ mas" by the third and fourth grades; several more songs; two skits, "Mr. Earth Sees a Doctor" and "Lights of Christ mas," by the fifth and sixth grades; several songs; two skits, "Christmas Shoppers" and "Father, the Hero," by the seventh and eighth grades, also followed several Christ mas songs. The fifth through the eighth grades sang, "Adeste Fideles" as the clos ing number. On Friday morning, each room had a party, with a gift exchange and refreshments. School was out at 12:30 and classes will not resume until Jan. 4. Mrs. Roger Smith honored her daughter Renee on Dec. 7 with an early birthday party. She was one year old Dec. 13. Guests were Terry King, Ann Ceccato, Lori Ann Nunes; Chuck, Billy and Charlene Sprague, Davy Fry, Mrs. Marge Smith, Mrs. Al King, Mrs. Michael Nunes and Miss Joan Smith. Renee's maternal grand parents, Mr. and Mrs. Alvin McMasters, Hornbrook, and her paternal grandparents, Mr. and Mrs. Ransom Smith, had birthday cake with Renee and her parents. Boys from Scout Troop 25 recently paid a surprise visit to Glenn Johnson and pre sented him with a pen and pencil set in appreciation for his years in Scout work. Mak ing the presentation was Ron nie Chase. Mrs. Margaret Ferguson ac companied the Vaquerras on a cook out held east of Horn- brook recently. Her daughter ticket to the point nearest the boy's New Jersey home, gave the youngster $5, wished him well and bade him good-by. That is almost the end of the story. The FBI agent drove to Janet is captain of this group of girls. Mr. and Mrs. Warren Bay liss and family, Medford, visited Sunday at the William Tallis home. Girl Scout troop 221, patrol n, held its Christmas party at the Scout hall Dec. 15. Gifts were exchanged and re freshments served. Games were played after which mem bers finished their Christmas projects and wrapped them for giving. Mrs. Mel Barron is leader of this troop. Troop 221, patrol I, held its Christmas party Dec. 15. They also, played games and had a gift exchange, with Barbara Rainwater acting as Santa Claus. Mrs. Audomar De Clerck is leader of this patrol. Refreshments were served at the close of the evening. The annual Christmas party of the Bridge club was held Dec. 17 at the home of Mrs. Frank- Graves. Decorations were carried out in the Christ mas theme and refreshments Seasons1 Greetings Our Very Best Wishes to our employees and custom ers. To help celebrate we will be . , . CLOSED Christmas December 25 Saturday December 26 -'' FARMERS PACKING CO. 2813 Biddle Rd. Medford his home. He sent the boy a Christmas card and wrote a note to the mother indicating he was happy to have been able to help her son. He stated that the boy's attitude appear ed to be commendable, and he expressed his hope that the youth had arrived home safe ly. Appreciation Expressed On his return to New York, the agent received a Christ mas card. In it, the youth who had run away expressed his appreciation for what had been done for him. He would, the boy wrote, never forget the agent or ever regret re turning home. The card was followed by a telephone call from the youth's sister, ex pressing gratitude in behalf of her mother and herself. The young woman advised that her brother had reached home safely, had returned to school, and was doing well. That is the end of a Christ was story of a few years ago or perhaps it isn't, because an act of kindness may have wholly changed the course of served. Gifts were exchanged and bridge was played during the remainder of the after noon. High score went to Mrs. Al Simmen, second high to Mrs. Ernest Spannaus, and low tOf Mrs. Art Blanchard. Other ladies present were Mrs. M. G.' King, Mrs. Fred Haynes, Mrs. Art Hartman, Mrs. H. G. Thompson, all of Hilts' and Mrs. Frank Ohliihd, Metal Staging Taken From Hospital Site Five sets of metal staging were taken sometime this month from the new Crater Osteopathic hospital site in Central Point, sheriffs depu ties have reported. Carleton Sandeen, route 1, box 281, Rogue River, said the staging was valued at $258, deputies said. Salem-tDPU The Board of Control has voted to retain Dr. Paul Squier as head of the State Intermediate Cor rectional Institution for sev en more years. a life. But aside from that, the story itself shines, as Shakes peare said, "in a naughty world." And the light from enough such candles can make a Christmas season through out the whole year. - We all wish to extend to you Christmas greetings and good will, and may boundless Holiday cheer be yours. To our ever-widen-' ing circle of friends we ore especially grate-' ful this year.' ' - - j Security Insurance & Realty 48 Hawthqrne Avenue Vein Robinson Al Potter John Ripley Hank Hart Chris Barker 3 Boy Scouts Christmas Party Pack 10, Cub Scouts, held a Christmas party at Howard school Monday night. Santa Claus visited the group, anrL the boys sang Christmas car ols. The evening closed with refreshments. Portlander President Of Boating Clubs Salem-CPD-The Oregon Fed eration of Boating Clubs again has named Frank O. Collins, Portland, as presi dent. Howard S. Walker, Coos Bay, is vice president and David Jensen, Hood River, secretary-treasurer. The U.S. the world's uses about half timber crop. MAIL TRIBUNE, MedfoH, Or. Wednesday, Dec. 23, 1959 S&H GREEN STAMPS i
