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. Here, your sav
ings earn excellent returns, safe from market
fluctuations and insured by the Federal
Savings and Loan Insurance Corp.
Investment made
by the tenth earns
as of the (int.
Ride
Coolly
MARK V AUTO AIR CONDITIONING
MONITOR, BY MARK IV
The ultimate io auto air
conditioning. Ride se
rene, unruffled car
window! closed aqainst
wind, dust, noise. Ar
rive unwilled, unwrin
V fed Monitor rlchumid
ifies. as well as cools, the
air in your car. En
loy the new slimline case
-designed to harmonize
with vour car interior.
Nationwide service and a
1 2-month or I 2.000-mile
warranty, with Monitor
bv Mark IV .
AMERICA'S TOP SELL
ING CUSTOM INSTALL
ED AUTO AIR CONDI
TIONER. Dick Knight Co.
ltd at fttverddf
QN
owing
and LOAN ASSOCIATION
201 West 6th
Free Customer Parking in Our Lot
Robert F. Kyle, Mgr.
m MONTGOMERY WARD
117 SOUTH CENTRAL
PHONE 773-7301
FREE PARKING
homemakers special!
11.6 CU. FT. OF PERFECT STORAGE
COMPACT, YET ROOMY INSIDE
The ideal refrigerator for apartments or small kitchens not a
bit of wasted spacel Fresh foods store nicely in the full-width
crisper and in the top-to-bottom storage door. The 63-lb. freezer
chest has a 15-lb. chiller tray I A truly economical unit for those
with "just enough" space, at just the right price!
'30 off
Reg.
199.95
NO MONEY DOWN
j j 1 b
i ' I " " budget tak a ij.yeh : 1
j Uu2 year to payf
S:c?-& $: T R u co LDfc V III
new "built-in" look
EYE-LEVEL ELECTRIC COOKING CENTER
No remodeling, fits 30" area. 4
plug-out surface units with infi
nite heat switches on a retract
able platform. Clock-controlled
see in oven, appliance outlet.
Choice of base cabinets extra.
289
95
NO MONEY
DOWN
$14 A MONTH
EI
automatic washer
CLEAN, BRIGHT 10-LB. LOADS!
2 cycles, 5 water temperatures
built-in filter screens the water '
$
Simple-to-operate controls moke wash-
days eoiier, shorter! Perfect care for all
fabrics with gentle, efficient agitation.
169
No Money '
Down
REFRIGERATOR
SWEEPSTAKES
VALUABLE
enter
Wards big
it's easy, it's Fun nothing to buyl gef n(ry fcfflnb fn WanJt Appliance Depf.
SATISFACTION GUARANTEED or your mone back! Wards policy since 1872
L