1
I Theyll Do It Every
I IT'S OUf? NEW VIBT-
Last summer,
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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
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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
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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
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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
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14" portable TV oiyp. FREEZER Dsij iSga
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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