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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (April 18, 1962)
12 B. WEDNESDAY, APRIL 18. 1962 MEDFOHD MAIL TRIBUNE. MEDFORD. OREGON lertten Message Inner World of Faith Liahts World's Darkness By LUTHER HOLCOMB Executive Director Gitater Dallai Council of Churches Baptist Written for UPI Revive our faith! Let the i never die. lepulcures of our despair be opened. Let darkness pass; let dread be left behind! Let weeping be turned into joy and lamentation into singing! This is the Easter message. May we examine our way of life with this message. When the outer world grows dark with doubt, the message o Easter tells us that it can still be lighted by the inner world of faith and hope. The group in the darkness of human speculation and materialistic philosophy is to go deeper into the darkness. To look up is to find the light that never fails. We then walk with assurance. Treas ures await those who have the faith and courage to fol low on and possess them. The man who believes is the man who accomplishes. Faith is the tuning fork that brings singing into our hearts, the music of heavenly assur ance that Jesus Christ, through his atoning death, is "I am the Resurrection, and the Life," said Jesus Christ. "He that bclieveth in Me. though he were dead, yet shall he live; and whosoever liveth and belicvcth in Me shall Grain Storage Program Studied Washington - IUPI) - Sen. John L. McClellan (D-Ark.) said Tuesday he is checking to determine whether there should be a congressional in vestigation of "certain alleged improprieties" in the Agricul ture department's grain stor age program. McClellan, chairman of the Senate Permanent investiga tions subcommittee, said he was looking into the case of Texas farm magnate Billie Sol Estes. If his preliminary findings indicate it is neces sary, McClellan said, his sub committee will conduct a full fledged investigation. The symbol of the 1064 World's fair at New York's Flushing Meadow is to be a nurn- and that we are saver) huge open-work globe of through His precious blood; stainless steel. Its official and evermore kept in His name will be known as a power. Unisphere. Your Money's Worth By SYLVIA PORTER Copyright. Hall Syndicate, Inc. FORCES AGAINST ANOTHER INFLATION Now that the steel Industry's efforts to raise prices have collapsed, let's put emotions aside and say flatly that even if the price hike had stuck, it hardly could have set off another inflation spiral in view of the following background: (1) Competition to U. S. steelmakers from foreign import ers of the metal as well as competition to U. S. businessmen from foreign manufacturers of thousands of other products is the greatest in modern times. The steel being offered by Europe's highly skilled manufacturers operating the most modern plants in the world is top-quality stuff and attrac tively priced. The competition will get heavier, not lighter. There is no reason why U. S. users of steel have to stick to U. S. makers of steel if they can get the metal they want at lower price elsewhere and this goes for users of steel the world over. (2) In factories throughout the nation, there is more than ample capacity to produce to satisfy demands. Our corporations arc not being pressured by an avalanche of buying orders to build new plants which would rat up im mense quantities of steel. The problem in many industries is too little, not too much demand scarcely a background stimulating across-the-board price hikes. (3) There are no shortages not of raw materials, not of manpower, not of finished goods, not of anything. Prices of most raw materials are way down from their postwar highs. The challenge in many countries producing raw ma terials has been holding a floor under prices, not maintain ing a ceiling. In our country, unemployment is among our toughest problems. Again, this is scarcely a background for an inflation spiral. . (4) The U. S. consuming public isn't hungry. The demands pent up through years of global war have long since been filled, the markets have caught up with customers. Fewer families feel the need to scramble for goods, far more fam ilies than ever before have the discretion to decide whether they'll buy to the limit of their paychecks or save big chunks and how they'll spend their money. America's consumers have the cash and credit to buy the sort of things which make an all-out boom but they haven't been doing so on a big scale in the past few years. And they definitely wouldn't If prices jump. (5) All of us have become acutely aware of Ihe rising flood of quality Imports at intriguing prices. Unless U S. made goods remain at least steady in price, the tendency of millions of consumers would be to choose the imported products instead. In short, the basic forces which have created the first prolonged period of price stability in the postwar period would hove continuod as thoy were even if steel had got ten away with it. Not even steel lending industry of our land though it Is could have offset these forces, particularly the enormous and growing Influence of heightened competition at home and abroad. Steel's price boosts didn't slick and a lot of price boosts which may be allempted in other industries won't stick either. "Perhaps by losing so spectacularly on Ihe price boost. Big Steel actually has helped put the price problem behind us, just as by signing a non-inflationary wage pact, the steel union has helped put the wage problem behind us," said one informed source. "Now we can get bark to concentrating on the fundamental ta.sk of stimulating Ihe economy's growth and reducing unemployment." Would there have been no danger in Ihe price rise. Mien? Yes, there would have been in the imparl it might have had on the psychology of buyers and union leaders. Enormous damages will be done if inflation psychology docs take hold again in coining months and if it does stim ulate another price upswing. For that upswing could only be temporary and il could only lead us right inlo the next recession. Prolonged recession not prolonged inflation was the real threat inherent in the steel industry's action. More on this tomorrow. Hemorrhoids Cured Painlessly By Non-Surgical Method The non-surgicjl, elec tronic method for IrcJimcnt of Hemorrhoids (Piles) de veloped by doctors of the Real-Oliver Sandy Blvd. Clinic has been so simess ful and permanent in naiure that the following policy is offered their patients: "A ficr (II symptoms of Hemor rhoids . . . have subsided and the patient has been dis charged, if he should eser have i renirrnue, all further treatments will be girn ab solutely tree.'' Patients rvpcnciwf lutle. if any p.un. 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