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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (June 6, 1962)
MEDFORD MAIL TRIBUNE. MEDFORD, OREGON WEDNESDAY, JUNE S. 1962 A Normal Outgrowth Frankness in Answering Child's Natural Questions Said Important Weil discussion, la change By DICK WEST Washington - fUPB - One of the ordeals that all parents must go through comes when their children begin asking q u e s t io ns about the stock market Many parents are embarrass- I by the ex perience and are reluctant to be drawn into such a Fathers will try the subject and mothers will pretend that something is burning in the oven. Child psychologists tell us, however, that it is wrong to be evasive. The books say it fs perfectly natural lor chil dren to become vurious about Mocks when they reach a cer tain age. II is a normal outgrowth of their earlier experience with piggy banks, and if handled properly they will grow up with a wholesome attitude to ward the market. When such q u 1 1 i e n arise, parents should an swer them in a irank, straightforward manner. Otherwise, the child will hear about it from his or her playmates and may be exposed to misinformation that will prove harmful In later life. Knowing the right way to approach the problem does not make the task any easier, however, as I found out last week. My daughter happened to notice the newspaper head lines about the wild market fluctuations. It was her first Awareness, or awakening of interest, in stocks and she cornered me for clarification. With the simple directness that makes children such a joy, she went right to the heart of the matter. "Where do dividends come from, big daddy?" she asked. At first I was too shocked to reply. But I realise that if I chickened out, (he would never again feel free to talk things over with me. To help put us both at ease, I went out and hired a midget to sit on my lap while I explained it to her. "As you grow older," I said, "You will begin to feel nn urge to invest. This is a normal feeling and is nothing to be ashamed of. It is merely mother nature's way of tell ing us that we are ready to produce capital gains. 'It is important, however that you control the urge un til the right broker comes along." To my relief, she accepted the explanation without fur ther inquiry and went hap pily off to play jackstraws. But I'm dreading the day when she asks about the Se curities & Exchange Commission. Sellout Said Assured For State Fair Revue , Salem - lUPII - State Fair Manager Howard Maple said a sell-out is assured for the 1962 fair's State Revue. The fair and the revue runs from Aug. 21 to Sept. 8. This year, for the first time, the revue will be held in Sa lem's new Armory - Auditori um, meaning it can be held rain or shine. In past years the revue has been held at the Fairgrounds race track. Sunny Says: Taste the sunny morning flavor ofL Jfthenleu; 300 PINT JtttCT BSint-KWI . f. C!l WTO SUMS swupw.a .1.1 C. WW Tjy?-"" rX IP C-"K ARM MENDING-Everett Knowlcs Jr., 12, manages a smile in a Boston, Mass., hospital as he holds a baseball given him by Joe Cronin, president of the American League. Surgeons at the hospital are fighting to save his right arm which was torn off by a train May 23. (UPI) ' Your Money's Worth By SYLVIA PORTER Copyright, Hall Syndicate, Inc. Involvement and Type of Church Said To Influence Political Affiliation M - Now every j.- drop of straight flT whisky in p Schenley is r aged oer 8 """"v yeara and blended with f)iS choice grain PgS) neutral &3yI spirits. 5chcnlci A70 uMirtwt FIFTH .JU COD! 25S B OPEN LETTER TO IZVESTIA ON THE STOCK CRASH Open Letter to Izvestia, newspaper of the Soviet Govern ment in Moscow: The stock market crackup on "black Monday" last week gave you an extraordinarily juicy propaganda opportunity to scream to the Russian people that the United States is heading for an economic decline of "catastrophic proportions." As any hep American might have expected, you seized it and under a black headline "Stunning Blow to Market," you printed a Tass dispatch reporting the stock slump and saying that "President Kennedy and his advisers would like to arrest the crash, but do not know how to do this." You even wrote that "certain circles in the United States are trying to use the market situation as a pretext for a new onslaught on the rights of the working class." (Whatever that means.) While this reporter has no illusions that any Soviet citizen in Russia will see this column's reasoned, factual' reply, perhaps the U.S. citizens who do read it will get some comfort from it. J To begin with. Sir, your propaganda easily could be made to boomerang on you, for your report brings irreslii ably io mind Shakespeare's famous line in Hamlet; "The lady doth protest too much, methinks." For you know that the "economy of the capitalist world" is neither, as your Moscow radio said, "dangerously sick and past the hope of recovery" nor facing depression. In fact, what's frightening you out of your uneasy chairs is the healthy upsurge of the West's industrialized nations in recent years, the emergence of a powerful Common Market in Europe, the prospect of an economically unified prosperous Atlantic Community. That's why you're attacking the Com mon Market with such vehemence, sending ominous warn ings to Britain to stay out. You're scared. Now with that beginning, Izvestia, let's push some sta tistics about the U.S. economy right into your collective face. The economy of this nation has been advancing for 16 months to all-time peaks. Our only complaint and it's one explanation for the stock market's slump from what were obviously overpriced levels is that we want it to advance faster so we can cut into what we admit to be a too high rate of unemployment and our corporations can make more money. Instead of plotting "a new onslaught on the rights of the working class," we're trying to figure out ways to create more jobs and job security for "the working class." Personal incomes here are now running at an unusual rate of almost $439 billion, S29 billion or 7 per cent higher than a year ago. The vast majority of families in our land today are financially better off than ever before and they'.", continue to be even better off. Corporation profits here will be running at a rate of S53-54 billion this year against $46 billion in 1961. Our aim, I repeat, is to help swell the profits and the Administration and Congress are acting to achieve this right now. The U.S. Treasury is about to issue new depreciation schedules for corporations which will save businesses investing in mod ernization and expansion $1 to $1.5 billion a year. Congress is debating a lax incentive for businesses which will save those spending on plants and equipment another $1 to $1.5 billion a year. And more is to be done. Retail sales are smashing all records although the stock decline may temporarily bite into luxury purchases. Auto sales are now running at 7 million a year. We're building new houses at a rate of 1.5 million annually, up 34 per cent from the February low. Our total output of goods and services is far over a half-trillion dollars, heading lor $565 billion or more by the year end. There's plenty of steam still in this advance and our stated aim is to make it stronger, give it longer life. That's why work is being speeded on a bill to cut taxes across-the-board for corporations and individuals to prevent even a moderate business dip in 1963. While you're writing about how "dangerously sirk" we are, Izvestia, you're worrying about the might the Western world is developing. You should worry. With new unity and power, we will be able to isolate and "bury you" and you know it. Eugene-The type of Prot estant church to which a man belongs and the extent of his involvement in that church appear to influence hi' politi cal affiliation and voting be havior. This influence persists even in different geographic areas of the U.S. and among differ ent occupational groups, a fact that may contribute tu the stability of American poli tics. These are the findings of Dr. G. Benton Johnson Jr., associate professo of sociol ogy at the University of Ore gon, in an unique project, "A Study of Values in Two Com munities," which he has con ducted during the past two years in Eugene, Ore.,, and Tallahassee, Fla. His report on the Eugene half of the study appears in the current issue of the Pub lic Opinion Quarterly. Supported by Institute The study, which first re ceived support from the uni versity's office of scientific and scholarly research, is now supported by the National In stitute of Mental Health of the U.S. Public Health r rvice. A grant of $15,077 has been re ceived from the Institute to support the project f an ad ditional year. The results showed that people who belong to funda mentalist Protesta.it churches and attend church often are more likely to be Republicans than their opposite numbers in the liberal Protestant churches, who are likely to be Democrat?. This held true despite the fact that when occupations were determined, using the U.S. census occupation cate gories, it was found that more middle and upper-class peo ple, generally thought to be predominantly R e p u b lican were found in the liberal faiths and more working class people in the fundamentalist faiths, according to Dr. John son. More Liberal Members . It was true that when all those naming a religious pref erence were added up, there were, as expected, more lib eral church members in the Republican party and more fundamentalist church mem bers in the Democratic party, "indicating that the occupational-class factors operate in the expected direction," the sociologist indicated. "The key, however, is re ligious involvement as meas ured by frequency of chucrh attendance," Dr. Johnson ex plained. "Among fundamen talists, those who go to church often are more likely to be Republicans and those who go to church seldom are more likely to be Dimociats. The reverse is true in the liberal Protestant churches. "The reason may be that those who go t.i church fre quently tend to absorb the appropriate social philosophy of their church, or they have this philosophy already. The others who go to church less frequently may tend to resent the social attitudes of their churches," he added. Occupational Class In the matter of occupa tional class, Dr. Johnson found that "when liberal white-collar and blue -collar frequent church attenders are compared with their funda mentalist counterparts, fun damentalists are more in clined to be Republicans than are liberals." Although many more Dem ocrats than Republicans were turned up in the Tallahassee survey, the sap- statistical re lationships were observed in both the Florida anc1 Oregon studies, Dr. Johnson pointed out. The relationships of Catho lics to the Democratic party and north rn Protestants to the Republican party have long been observed both by practical politicians and so cial scientists, Dr. Johnron said, but the influence of the liberal fundamentalist d i v i sion among the Protestant churches on the members' po litical behavior has never be fore been scientifically stud ied. Churches Under Study 1 The churches which have come under study are those belonging to what German sociologist Max Weber, writ ing in the early 1900s, called ascetic Protestantism. These are the churches arising from the Calvinist, Pietist, and Re vivalist traditions. Authorities summarize their teachings as emphasizing individual striv ing and achievement, frugal ity, and thrift. ' According to the definition, the ascetic group1 includes most major Protestant church es in the U.S. with the excep tion of most Episcopalian and Lutheran churches and a num ber of smaller groups. "Protestant liberalism veer ed away from this older social ethic of Protestantism around the turn of the century with the rise of the Social Gospel movement which sought to transform society along the lines which were also being suggested by political liberals and progressives." Dr. John son explained. Eugene Churches The liberal churches in Eu gene, according to the present study, include the Congrega tional, Methodist, Presbyteri an, and unitarian faiths, with all other major ascetic Protes tant churches in the funda mentalist wing. In Tallahassee, on the other hand, liberal religious views were found predominantly among Methodists, Unitarians, and the Disciples of Christ, Dr. Johnson reported. "The social doctrinal con troversies involved in the lib eral-fundamentalist split with in Protestantism parallel to a striking extent the contro versies involved in the politi cal division obtaining in the nation as a whole," Dr. John son writes, although the occu pational classes In the two divisions of Protestantism are "exactly the reverse of what might be predicted on grounds of economic interest." Because of this mixing up of religious philosophy and economic interest, "it is pos sible that one of the major effects of ascetic Protestant ism in the United States is to counteract to some extent class-based political differ ences," and contribute to the stability of political and social life. Dr. Johnson observed. Backs Up Opinion The study backs up this opinion, showing that when class and religious influences pull in different directions, as they do in the cases of white collar liberals and blue-collar fundamentalists, voting be havior shows fewer class dif ferences than in the cases where religion and class rein force each other. The survey was restricted to gainfully employed while males chosen by an area prob ability sampling technique. A total of 365 were surveyed in Eugene and 471 in Tallahas see. Each was questioned in a face-to-face interview last ing about one hour. Eugene and Tallahassee were chosen because they are roughly similar in population and religious makeup, and they provide a wide geo graphic base for the project. The survey portion of the study is now completed, and the next year will be devoted to evaluating other compara tive values revealed in the questionnaires. Currently un der study is the relationship between religious involve ment and attitudes toward work. CREATED BY REQUEST.. . the new classic look of Volvo! Built with the same fine quality materials end work manship for which Volvos are world-famous, the new classic beauty has new 90 horsepower en gine, disc brakes. Test drive a new Volvo now. Traveling to Europe? Ask your dealer about the real savings in taking delivery of one there. STEVENS AUTO SALES I VOLVO J 505 North Central Phone 773-36S5 Life can bloom after fifty Your savings invested with us can help make life bloom later for you, too. 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