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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Feb. 2, 1961)
MEDF0RD MEDFORD, OREGON. THURSDAY, FEBRUARY 2. 1961 - f i NAVY IGH TRAPEZE A.GT P. Edward Yost, direotor and. teat pilot of the Navy's Iot Air Balleon, swings- with his hakels resting on a trapeze bar during a test Might at Rapid City, S.D. The Hot Air Balleon has a 'sweater load cajaiHy ad greater flexibility in assonding and desenljg from flight than, any other balloon., j " . ) (UPI Tolephete) Here's Great News For People M GOLD BOND STAMPS THIS GREAT BONANZA CONTINUES AT SAFEWAY FOR 2 MORE WEEKS Heres How You Can Win as as 10,000 SioWfe 4m MS6i.e -Bf fSWwea((f i 8my M an ife tot tret drawing ticket',. fr,9 mu iwrofe d4ttiu '.ri.ai SI"ephflfi flumrtw. o ha fietfir and deposit" ir in he box f eac.H' time yog' visit your Sate m fcOWWtt. Wat 5dY, 'Fe-b.rju.ary. . Artytfrie- v.e IS year of age can ' UWtiiiiraJ iji tAM dMXii. ifo fm Qttl4 iBpftd 5Hpt except employees of Saf ea Stores, " (ttatwniOfj Vkft'ffifffirlHiieMtt'a tjtHs. - miiiri(l!Jlx).Hn) f9,ma, Winner fll it notiftej promptly and Uf of winner Si8K'ill4M& 101 WtBneuts fifti Wge& at Each Medford Store WWesf Msia . 699 Jackson- Clip onA l$M&&&m This Coupon . . 150 This When presented for redemption at either of Stores in Medford 502 West Main or 699 ThisVoupon is null after February 11, LIMIT 2 PAGES 1 to 8 Tribune . Enjoy Winning FREE "VU1ue WffW Valuable CouptoiteMJf, m j' f FREE GOLD BOND STJ and void 1 li'tvl' I Cash value of this coupon 1961. is 110 Only One Coupon Per Family, please SHOP YOUR FRIENDLY Medford Stores Text of President conomic Message Washington - (UPD - The con densed text of President Ken nedy's economic message to Congress: 1. Our Goals and Problem! America has the human and material resources to meet the demands of national security and the obligations of world leadership while at the same time advancing well-being at home. But our nation haj been falling further and further short of its economic capabili ties. In the past seven years, our rate of growth has slowed down disturbingly. In the past 3 'i years, the gap between what we can produce and what we do produce has threatened to become chronic. And in the past year, our eco nomic problem has been ag gravated by recession and by loss of gold. Realistic aims for 1961 are to reverse the downtrend in our economy, o narfcw 4he gap of unused- potential, t abate the waste aw mietey of uneaatiloynoent, a. at tfee sanve time t waantam reason able stability of the pr.wa lev-, el. For 1062 aatet MJ86 wr prir grams must aim at- exanrtrns Amerisaa preokreMve apaly at a rate that shews Hie warW Prizes! Many n nrftiMi LUiyJux WW GOLD BOND STAMPS WiWl! F f -( youro2 Safeway East Jackson St. of one cent. to Serve You the vigor and vitality of a free economy. I am proposing today meas ures both to alleviate the dis tress arising from unsatisfac tory performance of the econ omy and to stimulate econom ic recovery and growth. If economic developments in the first quarter of this year indi cate that additional measures are needed, I will promptly propose such measures. Present Situation Outlook The potential of the Amer ican economy is constantly ex panding. But this is not high enough. Our potential growth rate can and should be increased. To do so, we propose to expand the nation's investments in physical argl human resources, and in science and technology. All this could have been ac complished with readily avail able manpower, materials and ma Vines - without saWainag jNwiaitetive topaeity and wTA evit igniting inflafem. Tns pepifevMaiace at IV WMmrty m 19S ws not imtf Wall bekwr i& fH crejMi-ty; i also iM start te m wwiU crstr brvois etape&iM by $ra-, Eea wtemt Has rueesarcn' awste attd ocenemie wimty V' giws to expand, again, the proiitom of tmused tretowt-ial will ronKsm. Undw tivoso cf ewnstenees, Ww oxfroelattoa tt minor improveients in bitsi riess conditions during the nest year provides no basts for complacency, en emetise for inaetion. An unbalanced economy does not produce a balanced budget. That is why the pros pect of surpluses in the fed eral budgets for fiscal 1961 and 1962 is fading away. Fiscal Policy, Budget The federal budget can and should be made an instrument of prosperity and stability, not a deterrent to recovery. This administration is pledged to a federal revenue system that balances the budget over the years of the economic cycle yielding surpluses for debt retirement in times of high employment that more than offset the deficits which accompany and indeed help overcome low levels of economic activity in poor years. The programs I am now proposing will not by them selves unbalance the budget which was earlier submitted, but are designed to fulfill our responsibility to alleviate dis tress and speed recovery both through benefits directly available to needy persons and through desirable fiscal ef fects on the economy. Many of these expenditures will auto matically cease when high em ployment and production are restored. Other measures contained in this message propose neces sary uses of national economic capacity and tax revenue for our long-range growth, and are essential even in the ab sence of a recession. They are proposed because the country needs them, can afford them, and would indeed be poorer without them. Agriculture. Recession in agriculture has' been chronic since the early fifties. Falling farm income has been a drag on the indus trial ecanomy,, while economic slack has restricted the job. openings which might havo eased the adjustment' process in agriculture. Restoration of' the economy as a wholo to satisfactory and rising; levels; of parformancB g an hmpertw ant prerequisite to restoring. farm priows and inoomo toJ their rightful lovols. 'fa- this end fho administrgtKBt will raeommo&ti1 further sRDSjifiti' sage an agrFctrttir.ra to i3 sna- ; mittBi to ttj 'CfWESftas rt W a, Mfiasare for EitSMIWaiiBsa,, faesKda, Afffra 1. Wom-tary Palicfr flttjJBtiJ&j St6 it mrttasmg Caste at ratae to fimoDe fxtytuuav no wlmat. Hmra; te trofl 'then'this aoostry's ability to hold and to attract interna tional mobile liquid funds will be outlined in my subsequent message on the balance of pay ments. 2. Housing and Community Development. Reduce Interest Rate I have directed the Federal Housing Administration to re. duce the maximum permis- mible interest rate on FHA insured loans from 5 to 5'4 per cent. Under the program by which loans are made to local public bodies for the construction of public facilities, the Commu nity Facilities Administration at my direction is reducing interest rates on new loans. This program will also be broadened to make eligible for loans many communities and certain types of public facility projects which are now ex cluded. 1 I have instructed the Hous ing and Home Finance Agency to hasten the initiation or com pletion of those approved proj ects in which a speed-up can be effected without waste. 3. Temporary Unem p 1 o y ment Insurance Etension. I shall ask the Congress to enact a temporary program for extending the duration of benefits. 4. Expansion of United States Employment Service. I am directing the secre tary of labor to take necessary steps to provide better service for unemployment insurance claimants and other job appli cants registered with the Unit ed States Employment Serv ice. 5. Aid to Dependent Chil dren of te Unemployed. I recommend that the Con gress enact an interim amend ment to the aid to dependent children program to include the ohildron of the away to employed. 6. Dietveeedd inta IsVfkeMfc ojtmept Pkofpaan. I whse that axea Aafttartcftir: moat tegKrfa trt iftme&tf1 wifiout dclar. &9ss Stoat KnsMif 1. BHtoMaWwtrr Ot StoDilue I ftiaiie iwstrowted flier seevof kn-y of agrteuHtere, raosistaHt vitl) he bill enacted by the CeBgress test year authorising eskiWisMwent ot pilot fooeV stamp pvogrttfas, fai proceed as rapid'l-y as possiblie to establish pilot programs for jwotty fanv ilios in localities in West Vir ginia, Ptnnsyl-vania, eastern Kentucky, nortlwrn Minne sota, southern Illinois and the Detroit area I have also asked the sec retary of agriculture to make recommendations to improve and strengthen our school lunch program, to make the best possible nutrition avail" able to every school-child, re gardless of the economic con dition of his family or local school district. 8. Improvements in the Old- Age, Survivors, and Disability Insurance program. I recommend that Congress enact five improvements in benefits, to become effective April 1. . The five proposals are: 1) Raise the minimum monthly benefit for the re tired worker from $33 per month to $43 per month, creasing benefits for more than 2.2 million people in the first 12 months. 2) Improve retirement pro tection by paying actuarilly reduced benefits to men be ginning at age 62. 3) Provide benefits for 170,- 000 additional people by lib eralizing the Social Security insured-status requirement. Would Raise Benefit! 4) Increase the' aged wid ow's benefit from 75 per cent to 85 per cent of her hus band's benefit amount, raising benefits for 1,550,000 widows. B) Broaden disability insur ance protection.. 9. Early Payment of Vtsti rans Life Insurance DividondSi I have asked the Veterans Administration to advance the payment of the 1961 dividend of $25:8 million on National Service Life Insurance nd! U.S. government life) insw- anno policies. 10. Minimum W 8 g 8 fin- ereasef ansi. Expanjled; gBe ag&. f OTgg. Wfi Congress 'rSri8& the. 'fcinimurn' wage MotmElh wii two years.! KBBtmSts. land; Bfiit!'a tot apif5f o.wt- aw iftre'jrtaifB end ai 6ra fctw.p.trt feeai yoa VtMutoroKtoak ami ewesfrieba oriti to aciaoos 9o1na vrU tnn an vari $ tgitu&k ojy jak I hftre towKi ftoaa etoBoboiA V . 17 tamooogt apt (M Jtpnie public uork-s projwats which can be spfceded up quickly, bot for which addi tional appropriations might be needed, (2) needed natural resource conservation and de velopment, light construction, maintenance, repair, and other work which likewise can be speeded up or started quickly, and (3) any additional con struction or other projects which could be initiated at an early date. I have today instructed the secretary of commerce to make available to the states immediately the entire bal ance of federal-aid highway funds scheduled for 'his fiscal year. 12. Government Procure ment in Labor Surplus Areas. I have today sent a direc tive to the secretary of de fense, the secretary of labor, and the General Services Administration request ing prompt steps to improve the machinery by which federal contracts can be channeled to Kennedy's To Congress firms located in labor surplus areas. III. Promotion of Economic Growth and Stability 1. Special Tax Inventices to Investment. Among the reforms of the federal tax system which I expect to propose at a later date is a modification of the income tax laws to provide ad ditional incentives for invest ment in plant and equipment. To avoid a net revenue loss, I will also recommend measures to remove several unwarrant ed special tax benefit and to improve ta;o compliance and administration. 2. Investment in Human Re sources. I will emphasize strongly programs to raise the produc tivity of our growing pngiul. tion, by strengthening educa tion, kcaltk, resoftrch and tnntv aotivatws. . Investment ie Snbaul JattastfOjrves: W ami' can4loniy Airvtap Quotes from the News 8? tHareg PS&SS- fesflre Nations, M. V. Kiawna Fsih jtd, rtiseosstotg ttas figfrtiwg in Tie Oaoga httwwaa groups of the army split hotnuron rival polrtieal towtos: "Th army Itself hat tjeoj. WfBUi to lavf ejrft or4e." Wastringtcrn t'rssfdimti earfospondent astk one mnre question even tbeun bis Met conference was over, and dx&eovwcd tine qtustiatt wis a ticklish one: "I should ha It !t (Iti lVt;o,l 19AlV i.iAl.rM. Lnota cauuuvui Ma late aetor Errol Flynn, quitting her singing jwb at a much raided nightclub because she said tfas place vutts ewug lx a bad name: , . "I just can't afford aiiy Miami Former Vice no major clients lined up yet to resume in California: "But I surely hop seine) Surplus of In Oregon Concerns Salem - H1P1I Oregon has so much money the politicians don't know what to do with It all. At first glance It seemed an attractive problem, but it ap pears likely to become the most controversial issue of the 1961 Legislature. The most popular idea is to give some of the extra money back to the income tax payer. But this noble motion may get buried in political wrangles over how fct sljould be done. $39 Million Surplut It all started when me trfl- ures Showed' a 3 miuioa surplus to the current fetea niuin. G::P- te WwlfBetfdi knew what he wanted ts de wi'th. that! Use ft to nace h is net 8:59) ni'TOah. iwvw budget. This te tm saji to wa swpplMft fee tegi!Sl'aMTO. Re flated. Bsreittos, ssntii loastons-ta Vim (swe.-ms s- awn Ja-tji, what hafB.i m t4 yoass - antt Vtrey kmwlro a wave uSjB'9ie"0-f thre-strtHuS"ta wtB. Sfete 1iVt .(mA cemO- eer-k.'in Hip. as- tf&W arKiWMis oawe- aBth irtt fe more -aefiuMim f&ntn. in., aBCdi ttie URtteriw a 'i9itee t- yu km -a fanc: MiSS-ii-d--.!! eigaKAe tew stuoaew vrMtdv to Wfuh-Ltifct-, rtjiw tfUtepokon .San. WaaVIn BocaiSM, a Port- kaant Bgimrartat aanl ex-Senate vj)w,9jeA-., tiig the thoughts t.41 mmv a taxpayer this time i6 4n, "There's no point in Van state collecting all this BMiecy it doesn't need." BUSINESS MEN! MANUFACTURERS! . . . VIEW ANY AREA ON YOUR PREMISES RIGHT FROM YOOfi DESK rr riawrian.rtf now hava intlant or round lh tact with any location or parson in your but or groundi. It't aaty and inaxponaiv with DIRECTWIRE LOW COST Equipment for a complete camera-to-receiver system as low as $865.00. NO OBLIGATION, of course, for a demonstration write, pnone "' new supplies of natural re sources if growth is not to be inhibited. 4. Productivity and Price Stability. I shall issue an executive order establishing the Presi dent's Advisory Committee on Labor-Management Policy, with members drawn from la bor, management, and the the public. Conclusion I have sought In this mes sage to propose a program to restore momentum to the American economy. I have recommended measures de signed to set us firmly on the road to full recovery and sus tained growth. But if these measures prove to be inade quate to the task, I shall sub mit further proposals to the Congress within the next 75 oitiys. Ve will do what needs to h (few te faafill the high prvmim est the American economy. IS BSN&TJQES&i U. N. ifca.To4oy Omwal I tfOBttnaB tfr 8 mm Kemaeif, uAra let a vramon offlfiltsmnW n ha& pfi()blic.Bi." President KttKUft, staiSwa in ban for the law pEtaaloee he MtuuKi ot fherii -cftiixw tfft8ia" Money Treasury Politicos And he calmly proposed every taxpayers' dream: Just subtract ten per cent from the final income tax bill. The Highway Department has accumulated millions' he added, suggesting a gas tax cut 'from six to five cents. The latest bombshell came from Rep. GeoFge Annala, a Democrat, who said under a 1957 law Hie state wasn't sup posed to collect all this extra money anyway. Me asked the attorney general for a ruling. If he's rigM, the legislature tan stop worrying about what te de wit the siplus. Instead, We lax department 8Sm st'at worrying - about d-ish.infl swt seme $6.5 million m pottfHfte te hatt a million C3e;ge taxpayers. , ITS Waetmtoten -(UPI)- Mrs. John P. Henerotty oftoaed the Amcri- ean Wooft Association s an umoi fawl reatring campaign WwdWD.s-iUfir with two blonde S-pcaf-eM twills, who under- wiwl imit surgery last year. lWs. Keenedy sat on a yel kxj bMeatle couch in the dip linic reception room of the WSute House anda said it was a oyeat pleasure to meet the Kvirvs and participate in the ceremony. On either side of her sat Debbie and Donna Horst of Erlcn, Pa., who will bp seven years old Feb. 26. Each girl gave Mrs. Kennedy a heart shaped bouquet made of red and yellow rosebuds. In return, the first lady gave each girl a heart-shaped ,o!d charm engraved with her initials and the names of the children. - c kick witm TELEVISION or visit ... VERL G. WALKER CO. 205 Weil Jackson St. Medford, Ore. PHONE SP3-7SS7 wine y' 1 1
