MEDFORD MAIL TKIBUNE, MEDFORD. DRESS
Kingsley Field Man
Killed in Accident
San Francisco - ilTD - An
airman stationed at Kingsley
Air Force Base at Klamath
Falls was fatally injured in a
two-car collision here Thurs
day. The victim was Airman 2-C
Robert Hendricks, 30, , Chi
cago. He died in a hospital
three hours after the car in
which he was a passenger was
struck broadside by another
vehicle.
VISITS SPAIN
Vigo, Spain - HTB - Puerto
Rican Gov. Luis Munoi Marin
and his wife arrived here
Thursday aboard the liner An
tille. He was met by Spanish
officials from the U.S. consulate.
FRIDAY, JTJNS tS. ISSa
BARUCH DIES
Miami - IUPD - Sailing .
Baruch, 88, brother of finan
cier and longtime presidential
adviser Bernard M. Baruch,
died Thursday at a hospital
here.
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Quotes From the News
By United Presi International
Washington President Kennedy, taking a long-range
view of the easing of tensions in Laos:
"It would encourage ui to believe that thai hat been
change in atmosphere and that other problems could be
subjected to reason and solution,"
London Lawrence Marks, a British television critic, com
plaining that nearly half of the week end television viewing
in the London area is provided by American shows:
"I doubt whether Parliament intended almost halt our
week end entertainment io come from America."
Washington-Jimmy (The Monk) Allegretti, an alleged vice
figure from Chicago, testifying before the Senate Rackets
subcommittee:
"I'll have to take the Fifth."
Moscow Pianist Van Cliburn, commenting on the visit
of Premier Nikita S. Khrushchev to his sell-out concert;
"It was so unexpected, I never thought he would come,
We talked about many things, but really it was a family
affair."
Portland Zoo Has
Unnamed Animal
Portland - CW - The Port
land Zoo has a new animal,
and it may be a new specie.
Zoo Director Jack Marks said
he doesn't know whether to
call it a "Zenni or a Zakass."
The new animal is a cross
between a zebra and a jenny
burro, Marks said.
The birth occurred after
eight attempts at mating the
zebra with eight different
jenny burros. The zebra be
longs to the zoo and the burro
belongs to Homer Taylor, a
Gresham area farmer.
Marks said when the zoo
lost its zebra filly which died
of a heart attack, he tried to
get a replacement. He said
the stallion zebra was lonely.
Skin Diver Dies
From Heart Attack
Cave Junction, Ore. - BPB -Frank
W. Dietz, 48, Pacotma,
Calif,, died of an apparent
heart attack while skin diving
for gold in the Illinois River
near here Thursday.
Dietz was skin diving with
Josef Tylecek, Beverly Hills,
Calif., when the apparent at
tack occurred. His body was
recovered.
COMMISSIONED
Eugene Henry T. Court
ney of Medford was one of
eight graduating seniors in
the Air Force ROTC program
at the University of Oregon to
be commissioned on gradua
tion day, June 10. He is the
son of Mr. and Mrs. Earl
Courtney, 621 Catherine St.,
Medford,
Fat & Mike's Builders Service
2802 Crater Lake Hwy Ph. 773-7431
is having a
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Unbalanced Federal Budqet Is la the bible o
Subject of JFK-Byrd Debate
SPEAKS
V."
1 m
U
Hllion
By LYLE C. WILSON
United Pren Internshonal
Washington JOPB The great
debate now encaged is be
tween the President ol the
P j i in em e United States
" fe I and the senior
senator from
Virginia. John
F. Kenn e d
1, ftflj "nd Harry F.
o y r a. 1 n e
basic question
seems to be
whether un
balanced fed
era I budgets
are good for the U. S. econo
my and for the common man
or are, in fact, iifceiy to des
troy the American way of
life.
Treasury Secretary Douglas
Dillon has stated more clear
ly than the President the
theory that federal deficits
are good for the U.S. economy
and the common man.
Dillon was talking about
the administrative budget sys
tem whereunder the Treasury
operates. Kennedy's Yale
commencement address stated
the same theory less definite
ly but at much greater length.
Rich or Broke?
If it is true that unbalanced
budgets are good for the
American way of life, Ameri
cans never had it so good.
There have been 24 federal
deficits in the past 31 years.
The 25th deficit is coming up
in the present fiscal year
which will end at midnight,
June 30. Byrt estimates that
the current fiscal year budget
was running in the red at the
rate of nearly $10 billion in
the first 10 months of the
year.
Deficit No. 28 is forecast
for fiscal "83 which begins
July 1. Byrd estimates that it
will range between S3 to $5
billion. Byrd cites these
figures as part of a develop
ing catastrophe for the Amer
ican people. Writing in the
current issue of the Tax
Foundation's tax review, Byrd
said:
"Federal debt and federal
deficits are the prime factors
In inflation which continues
to reduce the value of the dol
lar. Recent claims that infla
tion had stopped (the Presi
dent claimed that this week)
were short hyed.
"As ot March of this year
the dollar was worth 46.1
cents on the 1938 index. Its
purchasing power dropped be
tween February and March.
and it had dropped between
January and February. I sus
pect that the records wilt
show it to be down in April
and again in May. And, on the
basis 01 present indications
the decline will continue."
Prices Ga Higher
Byrd's suspicions were cor
rect. The Iabor Department
calculates the April, 1862,
purchasing power of the dol
lar, in relation to 1939 as an
arbitrary 100, to be an even
46 cents, down one tenth of
1 per cent from March. Not
much, perhaps, but enough to
keep the cost of living and j
and the rotting of the doiiar i
steadily on the rise.
The Tax Foundation pro-i
vldcd some figures more easi
ly to be understood by the
common man in answer to
this question; "What is your
real income?" If your real in
come was $2,000 in terms of
the dollar's purchasing power
in 1946 then you must have
$3,152 In 1982, just to stay
even, an Increase of 58 per
cent
If your real 19-W income
was $5,000, you need to break
even $7,870 today. The $10.
000 man wouid need $15,513.
lliese figures take account of
the impact on real income of
both inflation and taxes.
Not in dispute is the fact
that there is alarm at home
and abroad because of the ill
health of the U. S. dollar. The
dispute is about the cause of I
the disease and tiie remedy.
Byrd has going for him thej
generally accepted principle !
that if you live consistently!
beyond your means, you go;
broke. A bankrupt United i
States? Byrd says it could
happen here.
TO YOU
Sunday 9:45 a.m.
K-BOY-730 ke
The Problem Dr'mker
and teligmr
Iel
A 5
-&t4
F4WeR8MY
CARDS FOB
SUNDAY, JUNE IT
'3 &c yiry btsi
Swam'e 217 E-
Congressman Uoset
Over Building Plans
Washington - (BPB - Rep.
Wayne Hays (D-Ohio) is upset
over the overseas construction
proposals of the slate depart
ment. In congressional testimony
made public today. Hays,
chairman of a House Foreign
Affairs subcommittee, took a
dim view of plans to build the
American ambassador in Cy
prus a $300,000 house, and
to build a $1,370,000. 40-unit
apartment building for U.S.
diplomats in japan.
He said there was no need
for such a large house for the
ambassador to Cyprus, despite
state department arguments
that a "good-sized appropriate
residence" was necessary for
entertaining.
"You are not going to in
vite more than 10 per cent
of the population at any one
time," Hays observed, and
"there are only 578,000 pea-
pie on the whole island. '
BRIDGE COLLAPSE FATAL
Belize. British Honduras -
ITT- Four children and one
adult drowned Thursday when
a temporary pontoon bridge
over the Belize rtiver col
lapsed and sent 80 persons
plunging into the waters be
low, according to police.
FAA INVITES EXPERTS
Washington - CPS - The Fed
eral Aviation Agency has in
vited top electronic experts
to a conference July 12-13 on
anti-coliision equipment. The
FAA said they would review
research and develop m e n t
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