Medford mail tribune. (Medford, Or.) 1909-1989, March 31, 1961, Image 4

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    MedfordJ&j!whibune
"Everyone in Southern Oregon
nCUI A IIP WWII MIHUMf
Published Dally except Saturday by
S3 North Fir Ph SP 2-6141
HERB GREY ' Adveitlilng Manatr
nnninm (A i-i I ( am Mar
ERIC W ALLEN JR.. Mn Edltol
EARL H ADAMS, City Editor
HARRY CHIPMAN, -ieie I Miuir
OLIVE STARCHER. Women Editor
. DALE fciuuivowi. wmuMaaa
An Independent Newipaner
Entered as second clan matter ai
Medford. Oregon, under Act ol
. March 3. 1897 ,
.innirTTVTlrtM D1TT4
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Dallv and Sunday 3 moi. 4.28
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Flight o' Time
Medford and Jackson County
History from the tiles of The
Mail Tribune 10, 20, 30, 40
and SO years ago.
10 YEARS AGO
Accreditation of Jackson
county as a tuberculosis modi
fied area by the bureau of
animal industry should be ac
complished within 30 days.
; Gov. Douglas McKay was
told yesterday that failure by
Oregon to go on daylight sav;
ing time will cost the 29 radio
networks in the state more
than $500,000 during a 22
week summer period.
20 YEARS AGO
The Modoc and Klamath
pear orchards totaling 352
acres were sold recently in
one of the largest orchard real
I-I- 1 nhnnllnni AdAP hpfA.
From Arthur Perry's "Yc
Smudge Pot" column: "Plsca
tnrlol nnthnslnsts can hardly
wait until the opening of the
fishing season April ii. it is
hopeu all are able to hold
themselves in, and not get
caught." ,
f -i
30 YEARS AGO
The Happy Hollow section
of the Tolo school district was
annexed this week to the Gold
Hill district upon petition of
mothers in the area.
Federal prohibition agents
yesterday seized a car loaded
with 68 gallons of moonshine
near Ashland.
40 YEARS AGO
The State Community Chest
chairman has admonished the
Medford Chamber of Com
merce for its action in rec
ommending against the Com
munity Chest form of charita
ble fund-raising drives.
The Home Telephone and
Telegraph company of South-
erating revenue of $52,862 for
the 1020 year.
50 YEARS AGO
A stock company Is being
organized in Talent to drill
an artesian well which will
furnish water for that com
munity. The Medford Commercial
club will move Us headquar
ters Into the old exhibit
building at Front and Main
sts. Monday,
What's Your I.Q.?
Nine er ran correct li superior;
seven or eight Is excellent! five or
ix ii qood.
1. To Impeach the President
means to remove him from
office; true or false?
2. Which of these Islands
bears the same name as that
of a breed of dog: Crete, Nas
sau, Newfoundland, Bermuda?
il. For what do the letters
Ph. D. after a person's name
stand?
4. In the Congress, was the
vote to declare war on Japan
after Pearl Harbor unani
mous? '
5. What Is the highest de
nomination of paper currency
printed by the U.S. Govern
ment for circulation?
6. Is lend the heaviest of
metals?
7. In which American war
did Sir Henry Clinton fight?
B. What is the N.L.R.B.?
9. The moon exercises what
major physical effect on the
earth?
10. Name the river that
forms the northern boundary
of Kentucky.
Answersi 1. Falsi (to bring
charge), 2, Newfoundland. 3.
Doctor of Philosophy. 4, No.
S. $10,000 Federal Reserve
Note. 6. No (iridium). 7. Revo
lutionary. 8. National Labor
Relations Board, 9. Its gravl
lotion! attraction causes
tides. 10. Ohio.
FRIDAY, MARCH 31. 1061
Uninspiring
The legislature now
narclly Deen a joy ana an inspiration.
The Senate, in particular, has put on a series
of unedifying displays of pettiness and recalci
trance, with a slim majority managing to push
through some bills which are difficult to classify
as being necessary, or even in the public interest.
The majority of these have been bills favoring
one segment or another of Dig business, ana
not infrequently at the expense of the rest of the
people of the state.
IN TUESDAY'S Mail
Marguerite Wright which discussed the so
called "Three Way Bill," designed to aid the in
surance companies, gave what appears to us to
be a prettv erood analysis of the problems and
the politicking going on
And it certainly reflects no glory on that
coterie of conservative Senators of both parties,
who have chosen to follow the leadership of Sen
ator Walter Pearson, whose motives are known
to him alone, but which are questioned by many.
As Mrs. Wright points
clear-cut explanation for what is going on, for
many diverse and sometimes conflicting interests
are involved. And it should be added that the
House tends to show up a bit better than the
Senate.
IX'E ARE happy to note that the bill which
" would have regulated trading stamps oui,
of existence was tabled in committee this week.
It was one of a series of bills which would have
restrained many people
But another bill designea to give unjustined
tax relief to a small segment of industry is still
alive, however, having passed both houses. It is
the measure to relieve the big trucks of some of
the weight-mile taxation,
extra costs of heavy-duty
lame part, by those very
There is reason to believe that the big trucks
even now are not paving their share of road
building costs, and to lower their rate of high
way taxes simply means that (1) highway con
struction will be cut back; and (2) all other high
way users will have to pay a higher and unfair
share of the highway costs.
IT NOW also appears
of Washington paying for part of it, but Oregon
payinp; for the major part.
This probably was inevitable, and it also may
be that the bridge will do all for the economy
of Astoria and the coast
But we have objected to it for three reasons :
1. It is another example of the legislature
substituting its judgment for that of the high
way commission, and fouling up a carefully con
sidered program of highway construction design
ed to benefit the entire state.
2. The usatre of the
ceed some expectations,
ti-millions oi dollars it win cost.
3. Most importantly,
available for road construction badly needed
elsewhere in the state.
BOTH houses of the legislature have rushed
tVii'nnn-Vi nntliniM'aHnii in nrnnpprl with t.hf
Boardman land exchange to permit the Boeing
company to go ahead with a lease of the area for
purposes which have never. been spelled out.
jnow tnis migni turn out to De a line unng ior
the state. But nobody knows, for sure. And for
the state to rush into this million-dollar deal, at
some inconvenience and expense to the Navy,
i , i i i- ? ; l l .
ana at proDame inconvenience to sneepmeu in
Lake county, without knowing just what the re
sults will be, smacks of irresponsibility.
Another bill which, as far as we have been
able to determine, is still alive, and which should
be killed outright as patently absurd, is the one
which would allow "local option"' on daylight
saving time. What a mess that would be !
ANOTHER measure which has suffered from
the effects of big business lobbying is the
water pollution measure requested by the State
Sanitary Authority, to give it some tools to work
with in combating the very real and growing
menace of water pollution.
An amendment (in the Senate, of course)
would hamstring the Sanitary Authority, and de
lay, once again and for no one knows how long,
any effective action on this pressing problem.
The House has eliminated this crippling amend
ment, happily.
But the Senate's actions are evidence as in
the Three Way Bill, the Big Truck tax bill, and in
others that what big business wants, big busi
ness gets in the Senate, under its present lead
ership, anyway.
("!OV. Mark Hatfield's reorganization proposals
aren't getting very far this session, either.
They are chiefly designed to give the execu
tive department far more authority over admin
istrative agencies.
Now there are varieties of authority. One is
the direct statutory authority sought in many of
these measures. Another, and potentially an even
more effective form of
or ciiective lacicrsnip.
We agree with Former, Governor Charles A
Sprague that the governor can have great influ
ence over the actions of the agencies, if he pro
vides imaginative and
and has the tools to do
The tools, in this case, include an adequate
staff in his own office, to provide good liaison
and staff work. Given these conditions and the
Governor need not fear
Legislature
in session in Salem has
Tribune, the article by
in Salem these days.
out, there is no simple,
for the benefit of few.
now used to pay the
highways required, in
big trucks.
that the Columbia river
that its adherents claim.
bridge, while it may ex
hardly justifies the mul
it will reduce the monies
authority, is the result
constructive leadership,
it.
the lack of the power
Dennis the Menace
"That
SINS
Communications
Letters lo ihe Editor must bear the name and address of the writer, although under
certain circumstances the use of a pen name or initial for publication is permissible.
The Mail Tribune reserves the night to edit all letters with a view to clarification and
condensation. Loiters submitted for publication mijst not exceed 400 words. The letters
printed In this column do not necessarily represent the views of ihe paper; in fact ihe
contrary is often the case.
Lily Sale
To the Editor: The Epsilon
Sigma Alpha sorority on be
half of the Easter Seal Society
would like to thank everyone
who participated and contrib
uted to the Lily Day sale
which was held last Saturday .
March 25.
Individual boys and girls
sold the lilies. Sherrly Lyons
won a gift certificate donated
by . the sorority for bringing
in the largest amount of con
tributions. D e b r a Riggert
placed second.
Contributions derived from
the Lily Day sale will benefit
crippled children throughout
the state of Oregon.
Ruth Carpenter
Sharon Kidd
Chairmen
Lily Day Sale
Medford.
Thoughts on Cats
To the Editor: About the
time the first letters concern
ing stray cats begin to appear
in this column in the current
series of debate on the ques
tion, we had a call from an
experimental laboratory ask
ing for an unlimited number
of cats to be used on a special
test they wanted to run.
Now I happen to like cats
very well myself. I think they
are a lot more useful and
nicer to have around for ro
dent control than a package
of poison. I also think that
Cat Care" organization is a
really good idea. Also the
county or city should have a
place available for disposal of
unwanted cats. This does not
mean-that a cat pickup service
should be run by any of the
governmental bodies, but
there should be a ploce where
those who wish to remove
cats from their premises could
take them. There would then
be a basis for enforcement of
the presently standing law
against abandonment of ani
mals.
However, when we started
passing the word around that
we wanted cats for labora
tory work, what a mess we
ran Into. In fact in its own
little wav it stired up so much
complaint (cooperation was of
fered from a couple sources
but I am not about to name
them and put anybody on the
spot) we just dropped the
whole matter.
It is beyond my understand
ing why, when there Is a sur
plus of cats, anyone would
rather have them disposed of
at taxpayers' expense, or have
them turned loose to fend for
themselves to steal chickens
when available and birds al
ways. Instead of letting them
be used' to further education
of the human race.
I am asking the Mail Tri
bune to withhold my name on
this letter not because of po
tential argument, (that can be
done in this column), but be
cause we do not want a flood
of cats dropped in our area at
night. If there arc some peo
ple who want to send their
cats lo the laboratory (not the
Medford ones) they should be
able to find a way to get hold
of us and we will let you
know when they are wanted.
(Name on Kile)
Medford.
Low Membership
To the Editor: In regard to
the $1.25 minimum wage bill
which Dr. Durno helped de
feat last week, I was sorry
lo read In the Medford Mail
Tribune Tuesday that the
AKL-CIO and the Oregon
state Democratic central com
mittee had dropped their Total
membership below 222. Real
izing that the previous admin
istration has dealt a blow to
organized labor, I find It hard
to believe that the AFL-CIO
membership is so low and
would like to take U time
to thank Dr. Durno for in
was swdad! New
'HOME ONIHERANSE'i'
forming me on this subject.
Ralph Hackney,
2248 Barnett rd.,
Medford.
Something Missing
To the Editor: I am sending
you a copy of the letter sent
to the Medford Ministerial as
sociation, and would you
please print it in the hopes
that others might write them
similar letters if they also
agree:
Dear Sirs: Last evening my
husband and I attended one
of the most interesting P.T.A.
meetings we've had the pleas
ure of attending. The theme of
the program was the spiritual
climate in our homes, school
and community.
However, I was very much
disturbed in hearing Mr. Lar
ry Tweedy, reporting on the
Juvenile Home, say that there
is no provision, other than the
detained child asking for his
minister to visit, for making
contact with these children
with spiritual help.
I'm sure you will all agree
that these boys and girls that
must be held at the home are
in need of help. They certain
ly are disturbed and some
could be reached for the Lord.
Couldn't the churches you rep
resent set up a program for
a regular service, taking turns
presenting the gospel, and be
available for counseling If
they desired it?
It seems we are failing If
we let these children pass
through this home without of
fering a helping hand spirit
ually. Mr. Tweedy stated the
average stay is 11 days,
though some only a day or
two, and there have been
some detained months. He said
there wasn't a place for serv
ices, but he mentioned they
play volley ball, so I'm sure
there must be a room large
In the Day's News
By FRANK JENKINS
On Sunday night, the town
of Italy, in Eastern Texas
(population 1200) was hit by
a "twister," which is the col
loquial name in those parts
for a cyclone. The damage
done by the storm was esti
mated at $750,000.
The story, of course, went
on the wires. In Washington,
D.C., it was read by Repre
sentative Olin Teague, mem
ber of congress from the Sixth
district of Texas, which in
cludes the town of Italy.
He promptly offered to seek
federal disaster relief if the
cily wanted it.
rpHE CITY council met and
-- ronsidpred his offer, dis
cussing it pro and con. At the
conclusion of the meeting, it
sent him this courteous tele
gram, which was drafted by
Russell Bryant, editor of the
Italy News-Herald.
"The city council author
izes me to thank you for the
offer of federal disaster funds.
But we feel the federal treas
ury is In WORSE SHAPE
than the town of Italy and
suggest that any allocation of
funds for us be applied to the
national debt."
I CLEVER political jibe?
Wait a minute.
Let's look at some figures
f F THE Texas town of Italy
borrowed the whole $750,
000 and divided the debt thus
Incurred up among its 1200
inhabitants, the resulting per
capita debt would amount to
$625.
Listen:
In 1959. according to Tax
Foundation, Inc., the per cap
ita federal debt of the United
States of America was $1,643
- two and a halt times the
local per capita debt " that
' MEDFORD MAIL TRIBUNE. MEDFORD. ORE
Belgium Hoping for
Ten Years
By PHIL NEWSOM '
UPI Foreign News Analyst
Belgium, first of the Nazi
occupied countries to recover
after World War II, has for
the last 10
years been in
volved in a se
ries of diffi
culties. Now, against
the back
ground of a
welter of po
litical, religi
ous and eco-
Newiom n o m i c con
flicts extending over the
years, it is in the midst ot
forming a new government
whose chief responsibility will
be to return the country to
normalcy after loss of the Con
go. '
A key figure in current
negotiations is a socialist vet
eran of Belgian politics, Paul
Henri Spaak.
Most recently the 62-year-old
Spaak served as secretary
general of the North Atlantic
Treaty Organization.
enough to speak to the group.
I hope you gentlemen will
prayerfully consider this situ
ation and feel led to take ac
tion. Sincerely in Christ.
Mrs. Ray Palm,
P. O. Box 152,
Eagle Point, Ore.
Korean Veterans
To the Editor: This is in
answer to the WWII veteran's
recent letter. There was no
mustering out pay for Korean
veterans until the last part of
1952. The mustering out act
of 1952 gave each Korean vet
eran with overseas duty $300.
1 know of some that didn't get
their money until 1953. That
was the earliest date I think
they paid.
The Korean GI Bill makes
it nearly Impossible to get
compensation for illness in
service.
As far as a veteran going to
a hospital here, they have a
long waiting list. I know of
one veteran that had cancer.
He was on the waiting list for
2 years. After they got him
to a V.A. hospital, it was too
late. He died and left four
children. As for a veteran get
ting a pension, it is nearly im
possible. The last administra
tion in Washington cut off
74,000 veterans.
We have between 8,000 and
12,000 veterans in the state
hospital system all the time.
There have been no beds for
mentally ill veterans since
1947.
WWII Veterans have been
talking to the post on epilep
sy. It can be caused by illness;
such as a high fever, a blow
on the head, a stroke, or a
chemical change in the body.
Roy Templeton, .
P. O. Box 42,
Hilt, Calif.
would be involved if the town
of Italy should decide to bor
row the money to pay for its
own restoration after a dis
astrous storm and put it on its
own cuff instead of asking the
federal government to do the
job and PUT IT ON THE
FEDERAL CUFF.
Put that way, it is at least
interesting.
Bills Approved
By Legislature
Salem (WD Measures ap
proved Thursday:
BY THE SENATE
SB185 - Removes restric
tions on make-up of state
board of health.
SB285 - Hospital districts.
SB299 - Angling licenses.
HJM13-Urges Congress to
press for atomic reactor at
Hanford, Wash.
HJR4 - Approval of the Sa
lem armory.
HB1030 - Ad valorem taxa
tion. HB1079 - School holidays.
HB1260 - Higher education.
1IB1334 Changes name of
Mid-Columbia home.
HB1491 - Fish.
BY THE HOUSE
HB1309 - Out-patient clin
ics at stfite hospitals.
HB1447 - Relative responsi
bility law.
HB1658 - Commercial fish
eries. HB1660 - Commercial fish-
cries.
SB271 - Financial respon
sibility. SB317 - Life Insurance.
SB410 - Securities.
SB32 - $1 million taxfeut
of Troubles; Spaak
But for years he has been
one of Europe's most respect
ed, and at the same time con
troversial, political figures.
It was natural that Spaak
should have been selected to
serve as civilian head of
NATO, the organization which
brings the armies of Western
Europe under a single com
mand. He long has been one
of the strongest advocates of
a United States of Europa,
urging political and economic
as well as military unity.
Included also in his active
career was his bitter opposi
tion in 1950 to the return of
King Leopold III, who fled
Belgium before the advancing
armies of Hitler Germany.
Under socialist pressure,
Leopold abdicated and his son
Baudouin moved in first as
prince royal and then as king.
Today, Spaak is in the midst
of a political comeback. In
Wilson Foresees Big
Years Ahead for United States
By LYLE C. WILSON
Washington (UPD Presi
dent Kennedy will lick Presi
dent Eisenhower the first time
around in the
spending
arena.
It isn't even
going to be
close. Eisen
hower was the
U. S. spending
champ. This
made him and
others un
happy because
Wilson
General Ike entered politics
as a government economy
man.
Washington Report
By WILLIAM
TIME OF TESTING
Washington -Springtime in
Washington has suddenly Be
come an acute time of test fcr
the still-new
administration
o f President
Kennedy.
From the
outside, for
eign crises -in
Laos and
elsewhere - -move
implac
ably upon
him. From the
White
inside, a conservative coali
tion of deep Southerners and
Republicans in the House of
Representatives . offers deter
mined challenges to some as
pects of his domestic pro
gram.
This, indeed, will be a
spring he will long remem
ber. For his third month in
office is confronting him with
a larger complex of mixed
questions than any president
of recent memory has had to
meet all at once.
Fate and circumstances
have put an end to that peri
od in which the president
seemed to be skimming along
with such ease over the sea
of his problems. Now, he is
sailing against the tide both
as captain of this nation's
foreign affairs and as skipper
of a Democratic crew which
home policy sometimes
thinks it knows the better
where the ship ought to go.
THE President, moreover, is
rnmnelled to walk a thin
line between using persuasion
and flatly applying the naked
power of the presidency
against dissident Democrats.
Some Democrats whose as
sistance he most requires-and
obtains - on some issues are
the first to create difficulties
for him on other issues. Some
Republicans who are giving
him the greatest trouble in his
domestic plans are absolutely
vital to him in his foreign pol
icy purposes.
He is in a situation where
the world is increasingly in
dangerous turmoil in precise
ly those days and wee!:j ;.i
which he must develop his
domestic leadership. The only
wholly favorable news he has
had of late is from the home
economy. There are accumu
lating signs that the business
slump is drawing to its close.
Confederation Seen
Solution in Congo
United Nations, N. Y. -tlTD-U.
S. Ambassador Adlai Stev
enson said today that he sees
"no other solution" than a
form of confederation for the
Congo.
Stevenson, who appeared
with Mrs. Eleanor Roosevelt,
said the United Nations force
Is essential in the Congo until
some solution to the crisis is
found.
He said Congolese leaders
are "groping" for a confeder
ation system in their talks. At
present, the Congo is techni
cally a centralized govern
ment, ruled from LeopoH
ville, but it actually has at
least three splinter govern
ments, in Katanga, sSouth
Kasai, and Orental provinces.
More Stability After!
last Sunday's elections, he re
ceived a record 60,000 votes
in Brussels and is given much
of the credit for his party's
success in the national elec
tions which toppled the Social
Christian-Liberal party coall
tion of Premier Gaston Eys
kens. ,
This week, Spaak was mov
ing rapidly to consolidate his
gains.
In a 1,000-word editorial In
the Socialist party publica
tion "Le Pouple," he called
for a Socialist-Social Christian
coalitidn government.
Working In his favor were
left Wing Social Christians
who long have denounced
their party's affiliation with
the conservative liberals and
the Social Christian trade un
ions. Working against him was
Social Christian opposition to
socialist demands for repeal
Eisenhower spent an aver
age of $71.5 billion a year
during his two White House
terms. He took office commit
ted to the proposition that
government spending should
be held to about $60 billion
annually. His next-to-last pres
idential budget proposed that
the federal government spend
$79.6 billion in the current
fiscal year. The final Eisen
hower budget proposed spend
ing $81.5 billion.
President Kennedy proposes
now - to hike that figure to
$84.9 billion. Pressure groups,
the cold war, wasteful govern
ment operations and other
S. WHITE
Thus it Is that these are far
from restful days to the man
in the White House. His sched
ule is necessarily a hurried,
crowded blend. At one mo
ment he meets and deals with
one of the world's powerful
men - a British prime minis
ter, an African president, a
Scandinavian leader. At an
other he is deep in conversa
tion with domestic politicians
on minimum wages,' on de
pressed-area bills, and all the
rest.
Still, the president in his
home setting - in the White
House - offers the very oppo
site of any impression of a
harassed and worried man. In
the now casual atmosphere of
that old mansion, he moves
about unhurriedly, acting on
a great variety of matters
calmly and decisively.
TIE SPEAKS laconically and
without any sense of
strain or urgency. He -takes
plenty of time, usually, at his
lunch, and is in fact less thin
and far less intense-looking
than before he took office. His
face is fuller. His manner is
more relaxed. He takes to the
life of the place (and, seem
ingly, to the hard duties of
the presidency) with an off
hand ease that was not notice
able in either President Ei
senhower or President Tru
man. Though he underrates
none of his difficulties, he
does not moan about them.
His view toward his adver
saries - whether they be the
true and mortal enemies
abroad of himself and of this
country, or simply domestic
adversaries who are simply
critics within the civilized
rules of free-world politics -
has no trace of violent feel
ing. On the one set, the for
eign enemies, he wastes no
high emotion. He simply and
coolly is confident of his abil
ity to deal with them in the
end.
On the other set, his domes
tic antagonists, he spends no
vain r-'n-ets or recrimina
tions, iie himself was too long
Try and Stop Me
By BENNETT CERF
MOVIE PRODUCER Billy Wilder has two gimmicks up
his sleeve that he hasn't yet been able to jimmy into
a picture. Both involve operatives from behind the Iron
Curtain.
-In one, the Commies
kidnap a great film star
in West Berlin and brain
wash her. They are com
pletely frustrated, how
ever, because they dis
cover she has no brains
to wash
In the other, a top
Commissar takes it on
the lam and seeks sanc
tuary In Paris. In re
venge, the boys at the
Kremlin liquidate his
wife and six children.
The Commissar thereupon hotfoots it right back to Moscow.
He's no traitor at all; he just wanted to get rid of his
family.
e
Sign In the winJow of a chop Wv Joint: "MOO GOO OAl
PAN JUST LIKE MAMA, USED TO MAKE."
0 1M1 by Bennett Cert Jtrtbuttd by Kls( Features Ryu licet
Key Figure
of Eysken's controversial eco
nomic reform and tax bill
passed by the outgoing par
liament. This was the austerity bill
by which the Eyskens govern.'
ment sought to offset financial
losses in the Congo. Strikes
touched off by socialist oppo
sition cost the nation millions
of dollars in lost time and
property damage. .;
Despite their election losses,
the Social-Christians remain
Belgium's strongest party, and
in any coalition with the So
cialists, they would supply the
premier. t;
Spaak probably would be
come foreign minister.
The stocky, bespectacled
Spaak already has said what
his foreign policy would be:
Solid support for NATO and
the United States leadership
in the alliance, plus a new,
steady drive for European po
litical unification.
Spending
factors tend always to compel
government to spend more;
not less, each year.
It is apparent, therefore,
that some years of truly big
time spending lie ahead. The
figures will be in the middle
and upper $80 billions and,
perhaps, they will break
through into the $90s. Ken
nedy inevitably will spend
more in four years than has
any other president and, if he
is a two-termer, he will leave
office the spending champ
with a fat margin over Eisen
hower, the present title hold
er. The expiring and next fiscal
years Will be deficit years in
which the U. S. Treasury will
borrow $4 or $5 billions -make
it $6 to be on the safe
side. That will put the Fed
eral Reserve System just that
much further into the busi
ness of financing government
- which is the duty of the tax
payers - instead of financing
business and industry, which
is the duty of the Federal Re
serve. .
It is this process in which
the Federal Reserve System
deals with the Treasury debt
that causes inflation. When
the process is under way, tho
Federal Reserve System prop
erly is described as an engina
of inflation. The process js
described as the monetization
of the national debt.
That is a phrase difficult to
explain, but the end result
Is that too many dollars begin
chasing too few goods which
means that the price of the
goods goes up and the pur
chasing power of the dollars
go down.
This applies specifically and
directly to your dollars and
to the small change in your
pocket. This process can de
stroy a dollar as effectively
as it twice has destroyed tha
German mark, as it has de
stroyed the Chinese unit of
currency and almost destroyed
money units in half the other
nations of the world.
This process of currency in
flation was a raging fiscal ill
ness during the Truman ad
ministration. Eisenhower said
Harry S. Truman encouraged
currency inflation to create
the illusion of prosperity. Ike
added: "This always is dona
by administrations that care
more for the next election
than for the next generation,,"
There is more to come. As
Al Jolson used to say: "You
ain't seen nothin' yet."
in Congress not to be aware
that dissent is its second
name. He knows, too, that to
day's dissenters in Congress
can become tomorrow's sup
porters. And, finally, he well knows
that this is a hard spring. P it,
in the common expression, it
surely is not getting him
down.
(Copyright, 1961. by United
Feature Syndicate, Inc.)