THURSDAY, NOVEMBER IT. Ill
6 B
MEDFOHD MAIL TRIBUNE, MEDFORD, ORE.
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Curb on Flow of U.S. Dollars To Foreign Lands Takes New Urgency
Washington - (UPU -The
problem of curbing the How
of U.S. gold and dollars into
foreign hands has taken on
new urgency with the prom
ise of a presidential directive
to all government agencies
and a report that the outflow
rose sharply.
The loss of gold and dollars
jumped during July, August
and September to the highest
level in a year, the Commerce
Department has reported. It
estimated the outflow hit an
annual rate of $4.3 billion, up
from $2.9 billion in the pre
ceding three months. :
A flight of short-term cap!,
tal to countries where inter
est rates were higher caused
the U. S. international pay
ments position to worsen de
spite an encouraging widen
ing of the surplus of exports
over imports.
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Ing President Elsenhower con
ferred late Tuesday with two
Cabinet officers over ways to
reverse the unfavorable trend
in the nation's international
balance sheet.
Curtail Fortlgn Spending
One possible new step
would be to curtail spending
in foreign countries by depen
dents of servicemen stationed
abroad. Pentagon sources said
this could be done by slowing
down the movement of de
pendents overseas.
- Simply stated, the balance
Blood Pressure
Can Be Lowered
By New Operation
San Francisco (Science
Service) - High blood pres
sure resulting from insuffi
cient flow of blood to t h e
kidney has been treated by a
new operation performed ex
perimentally on dogs. A short
segment of ileum, or small
intestine, near the kidney was
used to bring about transfer
of blood supply.
Drs. James F. Glenn, B.
Marvin Harvard and Clyde
L. Deming of Yale university
reported the operation to the
Clinical Congress of the Amer
ican College of Surgeons
meeting here.
Hain't Helped
Although surgery has pre
viously restored normal blood
pressure in a limited number
of patients who have had ma
jor defects in the kidney ar
tery, the operation has not
helped the majority of pa
tients with high blood pres
sure who have kidney dam
age. Such patients suffer from
diffused insufficiency of blood
supply in the general kidney
structure rather than ah in
sufficiency because of a lo
calized clot or hardening of
the kidney artery.
The surgeons stripped the
segment of ileum of its lining
and joined the denuded mus
cular layer to the kidney from
which the capsule or mem
branous envelope was remov
ed.
They said the most success
ful transfer of blood supply
occurred when they establish
ed a need for blood in the
animals through constricting
their arteries either partially
or completely.
Doctors Warned
About Treatment
Errors by Chute
Chicago (Science Service)
Childrcn can be easily poison
ed with overdoses of aspirin
or tranquilizers, the Ameri
can Academy of Pediatrics
meeting here was told.
Dr. A. Lawrence Chute
chief of pediatrics, Hospital
for Sick Children, Toronto,
Canada, warned doctors
against mistakes commonly
made in treatment ranging
from blood transfusions to
oxygen therapy.
One of the most common
forms of drug disease caused
by over-prescription by phy
sicians for children, he said,
is poisoning by acetylsalicylic
acide, or aspirin.
Chute warned against in
discriminate use of antibi
otics. He said that, next to
the antibiotics, few drugs
have been given to patients
by physicians with the same
abandon as the steroids,
among which is cortisone.
Inhibit Growth
Steroids over a prolonged
period can inhibit growth in
children and cause severe os
teoporosis (bone disease).
When used during pregnancy
in the form of testosterone or
progesterone to prevent ha
bitual abortion, steroids can
produce sexual changes in the
offspring of women so treat
ed, Chute cautioned.
Blood transfusion can over
load the circulation or be
dangerous because of incom
patibility, and in the case of
the Rh factor and the pos
sible transmission of Infec
tion, the potential danger is
great.
Jobs Said To Reach
70 Million in 1961
Chicago -UIPIl- Nationwide
employment will reach a rec
ord high of 70 million persons
in 1961, employment agency
officials have predicted.
The board of directors of
t h e National Employment
Board said during the group's
meeting here the "Inevitable"
increase was indicated by a 25
per cent jump in Job orders in
recent days.
The U. S. Bureau of Labor
Statistics last month reported
67.49 million persons employ
ed In the United States. The
nation's peak was 68.68 mil
lion In July.
of payments problem Is this:
The United States has been
spending more abroad -through
Imports, foreign aid,
private investment and mili
tary support costs - than it
has been earning overseas. In
19S9 this excess of spending
hit a record $3.8 billion. In
19S8 tht deficit was $3.4 bil
lion. Many of these dollars have
passed into the hands of for
eign governments, which have
used them to buy American
gold from the U.S. Treasury.
While the Treasury's gold re
serves are still far above what
is needed to back up the U.S.
currency, government leaden
are convinced that the pay
ments deficit must be reduced
- sharply and promptly.
The Commerce Department
report on the summer setback
underscored the Importance to
the administration of getting
European countries - especial
ly West Germany - to assume
more of the costs of foreign
aid and NATO defenses. The
West German Foreign Minis
try Indirectly has indicated
some willingness to do this.
Additional hundreds of mil
lions of dollars are spent in
West Germany by and for the
more than 210,000 soldiers
and airmen stationed there
and the 189,000 wives and
children with them.
-Millions of dollars spent In
PX's are for purchase of
goods made in Germany or
other foreign countries, al
though substantial sums are
also spent for American-made
goods.
. The U.S. government al
ready has moved in various
ways to , reduce the dollar
drain. It has launched an ex
port promotion drive, pres
sured foreign countries to quit
discriminating against Ameri
can goods, directed military
buyers abroad to "buy Ameri
man" as much as possible and
required foreign countries to
spend economic development
loans in the United States.
One result of the rush of
dollars abroad was accelera
tion of the gold outflow. It
hit $637 million in the third
quarter of the year as against
$50 and $94 million in the
first two quarters.
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