Medford mail tribune. (Medford, Or.) 1909-1989, July 04, 1962, Image 4

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Medford mail tribune., July 04, 1962, Image 4

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Newspaper Page Text4 A HEDFORDSWrRIBUNI "Everynne In Southern Oregon Rea.lB TheMa.lTr.bune'' Published Daily except Saturday by MKOKORD PRINTING CO. - 33 North Kir St.. Ph773-B141 ROBERT W RUHL. Editor HERB GIIKY Advertising Manager GERALD 1 LATHAM. Bui Mgr. ERIC W ALLEN. JR . Mng. Editor EARL H ADAMS, City fcditor HAHRV CHIPMAN. Teleg. Editor RICHARD JEWETT. Sports Editor OLIVE S T ARCHER. Women'! Editor DALE ER1CKSON. Circulation Mgr An Independent Newnpaper Entered at second clasn matter at Mediord. Oregon, under Act ot March 3. 18'i7 SUBSCRIPTION RATES Bv Mail In Advance, Copy Me Daily nri SmTday 1 year 91A no Daily and Sunday 0 tnoi. 8 00 Da.lv and Sundav 3 mot 4 29 Sunday Onfi One year $40 Bv Carrier In Advance Mrdlord. AnhUnd. Conlral Point. Eagle Tnint Jackbtniville, (iold Hill, Phoenix. Shady Cove. Rmie Riv er Talent and on motor route Daily and Siindaa 1 year $1R tni Dailv and Sunday 1 nio. 1 50 Cayiei and Dcnlen Copy 10c Ail Tcrmi Cash In Advance "Official Paper of ritynf HrVdfnrrt" Olflrial Paper of Jnrkimn Onuniy United Ptesit International Full Lcawcd Wire U P I Tclephoto Nrwdplcturea ""MEMBER OK AUDIT BUREAU OC CIRCULATIONS Advertising Representative: NELSON ROBERTS & ASSOCI ATES. Office in New York. Chi cago Detroit, San Francisco, Los Angeles Seattle, Portland, Denver 0 NEWSPAPER PUBLISHERS ASSOCIATION EDITORIAL 2 Flight o' Time Mediord and Jackson County History from the tiles of The Mail Tribune 10, 20, 30, 40 and 50 years ago. 10 YEARS AGO July 4, 1952 (Friday) Two Eagle Point youths lodged In jail and booked for petty theft for their attempts to "beat the heat" during 104-degrec weather; they at tempted to steal a $87 air conditioning unit. Salmon was "really run ning" this week at the mouth of Rogue river; about 20 boats fishing in the "jaws" get lim its. 20 YEARS AGO July 4, 1942 (Saturday) A wartime blackout ruling liars bonfires and campfircs In the Rogue River National forest because of the danger of air raids. From Arthur Perry's "Ye Smudge Pot" column: "There may he a shortage of gasoline lur electioneering this year.. Candidates may have to gel from stump lo stump, under their own steam." 30 YEARS AGO July 4, 1932 (Monday) Rogue Valley Democrats or ganize Roosevelt clubs and plan lo conduct a vigorous campaign for FDR. The Jackson County Cham ber of Commerce opens a "How To Meet Tourists" school for valley residents. 40 YEARS AGO July 4. 1922 (Tuesday) The intersect ion of North Central ave. and Jackson st. is widened The countv issues a call for recall election against the theritf; Ashland ministers as fume responsibility for t h e move and deny the Klu Klux Klan is behind il. SO YEARS AGO July 4, 1912 (Thursday) The Soul hern Pacific lakes notice of McHord's new city ordinances by slowing Ms trains to eight miles an hour Inside the city limits. Thai's Ycur I.Q.? Nine or ten correct is superior; seven or eight is eiccllcnr; five or sis is good. 1 Independence liny was first observed in Philadelphia on what date'.' 2. On what substance is the original Declaration of Inde pendence engrossed'' 11. Who was the President of ti'e Continental C o n u r e s s which adopted the Declara tion of Independence'.' 4. Docs the Declaration of Independence assert the right of men lo hold properly? 5. When did Congress de clare July 4 to be a legal holiday'.' ft. The document calls what "history of repeated injuries and usurpations'"1 7. in signing the Drciaia-! tion which colony did each of these men represent: Richard Henry Lee, Samuel Adams, Benjamin Franklin.' 8. War had already begun when the colonies declared their independence; true or false 9. During what period was Ihe document kept in l.ees burg. Va , for safekeeping' 10. Who was head of Ihe Colonial At my on July 4. 177II" Answers: I. July 8. 1776. 2. Parchment. 3. John Han- Cock. 4. No. S. It has not. I NATIONAL . me msiory 01 in. iv.nq. '.itH'ir lives, their loi tunes ami their sacred honor Virginia. Massachusetts. Penn-! . . r . . . . . , ,. lyNama. r. True. 9. War oil1" l,1e name of tici'doni and justice and equality 1812. lo! Ceotge Washinglon. I f 01' all mankind. K. A. WEDNESDAY. JULY 4, 1962 Charter of Freedom Why are the flags flying today? Why are there parades and fireworks and speeches? Why are people off their jobs? Many, too many, take Independence Day for granted, simply as another holiday in early sum mer, a time for picnics and outings and relaxa tion, with little thought of its real significance. Th"e best way we know to recapture the real sense of tfee day is to read the document which started it, the Declaration of Indpendencc. It is perhaps the greatest charter of liberty in human history. Read, then, these stirring excerpts: t July A, 1776 s Declaratior THIS Unanimous Declaration of the Thirteen Unitl S semblad "When, in the course of human events, it be comes necc'ssary for one people to dissolve the political bands which have connected them with another, and to assume, among the powers of the earth, the separate and equal station to which the laws of Nature and of Nature's God entitle them, a decent respect kind requires that they should declare the causes which impel them to the separation. "We hold these truths to be self-evident, that all men are created equal; that they are endow ed by their Creator with certain inalienable rights; that among these are life, liberty, and the pursuit of happiness; that, to secure these rights, governments are instituted among men, deriving their just powers from the consent of the gov erned; that, whenever any form of government becomes destructive of these ends, it is the right of the people to alter or abolish it, and to institute new government, laying its foundation on such principles, and organizing its powers in such form, as to them shall seem most likely to effect tneir safety and happiness. Prudence, ineed, will dictate that governments long established should not be changed for light and transient causes; and, accordingly, all experience hath shown that mankind are more disposed to suffer, while evils are sufferable, than to right themselves by abolishing the forms to which they are accustom ed. But when a long train of abuses and usurpa tions, pursuing invariably the same object, evinces a design to reduce them under absolute despotism it is their right, it is their duty, to throw off such government, and to provide new guards for their future the patient suffcrence of these colonies; and such is now the necessity which constrains them to alter their former systems of government. The history of the present king of Great Britain is a history of repealed injuries and usurpations, all having in direct object the establishment of an absolute tyranny over these states. To prove this, let facts be submitted to a candid world." (Here follows a long list of the abuses per petrated by the British monarch.) "In every stage of these oppressions, we have petitioned for redress in the most humble terms. Our repeated petitions have been answered only by repeated injury. A prince, whose character is thus marked by every -act which may define a tyrant, is unfit to be the ruler of a free people. "Nor have we been wanting in attention to our British brethren. We have warned them, from time to time, of attempts, by their legislature, to extend an unwarrantable jurisdiction over us. We have reminded them of the circumstances of our emigration and settlement here. We have ; appealed to their native and we have conjured common kindred, to disavow these usurpations, which would inevitably interrupt our connections and correspondence. They, too, have been deaf to the voice of justice and of consanguinity. We , .. .. must, therelorc, acquiesce denounces our separation, and hold them, as we; hold the rest of mankind, enemies in war; in ,. . , peace, iriends. "We, therefore, the United States of America, in general congress! 1 "tou.r.hor" line, not Pri assembled, appealing to the Supreme Judge of j the world lor the rectitude of our intentions, do, taking it up because he must, in the name and by authority of the good people! And e is taking something of these colonies, -solemnly publish and declare ' ""Z that these united colonies are. anil ot right ought present realities in congress I to be. free and independent states: that thev are absolved from all allegiance to the British crown, and that all political connection between them ami the state of Great Britain is, and ought to be, totally dissolved ; and that, as free and independ ent states, they have full power to levy war, con clude peace, contract alliances, establish com merce, and to do all other acts and things which independent stales may of right do. And for the support of this declaration, with firm reliance on the protection of Divine Providence, we mil- It,, ,ir , . , i;,,- f, iiii.m. ncvigc oicuii "iiiu ! and OUr saci ed honor. ' 1 HTl.; Declaration of Independence is not only ,1 , . , ,, ..' ,. , .. .' " masterpiece of the Knghsh language, it is i also a statement of libertarian political philoso- j .,lv ,u.t f no,)0 courage, and a fitting State i' , .... , , ; e , ment of the decent aspirations of free men, t. 1 i .1 il lias nunc nunc uutn Mates. It lias been a heacon to ireedi.ni lor men everywhere, and its message is just as relevant ... rs today as it w as lNi years ago. The signers of the Declaration were wise and . temperate men. But they were, make no mistake, 'revolutionaries. Their revolution still continues. Would that all revolutionaries were as wise and as temperate- and as determined -as those fai'-siclltl'd and com aceous men who pledued States of America in Congress As- to the opinions of man security. Such has been justice and magnanimity, them, bv the tics of our .1 . 11 in the necessity which representatives of the ",,',i i.'. mm.-., ; ... 1:1. . .u it..:.- l m uuciaic uic umuti Life In Lilliput Washington Report By William Jet United Fe.itura Syndicate CHANGING ATTITUDE Washington-President Ken nedy's attitude toward Con gress is turning for the first time from the velvet - glove approach t o s o m ot h I n g akin to chal lenge and cri ticism. From Day up to now his general stance has b'ien one understanding toward both political friends and enemies on Capitol Hill, where he himself spent his earlier career, first as a mem ber of the House and then of the Senate. Hit hard in this or that vote, he would make it clear that while he certainly did not enjoy the blow he was by nature forgiving and sympa thetic to the home problems of even the most rebellious of conservative Democrats. He would only shake his head and go on about his business. NOT SO now. Thz President no longer shakes a head in mild regret. Instead he is beginning to shake an admon ishing finger - and at a Con gress which is officially Dem ocratic, though less and less willing to follow his leader ship on welfare issues while remaining pretty faithful on most world issues. Some of this altered mood no doubt would have come at any rate, since this is a Congressional election year and since the nature of the political animal is to become more strident the nearer the approach of any campaign test . But the change in the Pros- iden, s P',si"on s dictated by , more than the looming November. His Congressional opposition for the first lime drew real blood in the un expected defeat in the house of his new farm program -and the opposition likes the taste. Losing the close ones CHII IJCCUIUO a iwinn, 111 IIOII- ilics as in haebii. and the President in concerned that ".s particular habit duos not become ingrained, . . . rpnus he is taking up a f suggests - tough" presi- dential line or not. he will be able to win as many legisla tive innings from here on out this year as lie will lose. Thus he is putting all his prestige on the line in a game which, on any cold reckoning, he has not tio much chance to 1 wl" "ZMZZ I thought that once ihe reaiiy 1,1 " lh",s w,,'- f "ic ;w".v foreign aid, the foreign ,r,lrio pn,K,.Im, wlllU.v,T l.ix measure he might be able lo get he would be wise to look the other way and let Congress quietly forget about medical cue and the like or tins car. VOW, HOWEVER, he has ' commuted himself to the reverse course, public 'demand that congress not ;o"!v the )oh indr,,,n- Ite V but thm l net ru' it , across the board on a whole range of ivntrovcrsl.il items The President w ho used to be so scrupulously i-.uetul to suy that I'omMcss' business was largely only I'eiu'l'es.s' busi ness niu s.i nuile p!ainl that it is li s business, too, m the most intense u;iv Al! this is hkel to ine.in th.it v hen he ceiip.-Hgns this j f.ill in a'd of IVmi.m ralie l an. dldatcs hp will hae alirady '' ML Willi- o f amiable MEDFORD MAIL TRIBUNE. MEDFORD. OREGON S. White foreclosed any opportunity to point with anything like total pride to the existing Demo cratic Congress. Indeed, how he is going to avoid actually viewing with some alarm is hard to see; for he is becom ing increasingly and openly critical of the conservative wing of his own party. And nothing that can con ceivably happen in the Con gressional elections can do more than dent the power of that wing, which, in another year, Is not unlikely to take a certain measure of revenge upon him. In the Day's News By FRANK JENKINS As this is written, BIG NEWS is scarce. For which -Shall we say? -LET US BE THANKFUL. rpHE United Stales of Amor - ica could do very nicely with a long, LONG period during which the headlines dealt chiefly with little news such as spending less all the time than we earn, being friendly with our neighbors, bringing our children up in the way they should go, pay ing our bills when they come dn'j, going to bed at a reason able hour and getting up the next morning full of vim and enthusiasm for more good works. HPHERE'S some good news. - Sir Winston Churchill got out of his hospital bed the other night and chatted with his nurses, who reported he is again taking a lively interest in world affairs. During the day, he ale two hcartv mcH,s w, incU,dcd chicken, ice cream, strawber ries, champagne and a liberal dollop of brandy. A bulletin issued this morning says he spent a good night. Sir Winston has a good con science and a good stomach. rMIE correspondents (oil us that during their meeting in Mexico City, President Kennedy of the U.S.A. and President Matcos of Mexico covered a wide range of sub jects, including what to do about Castro and Cuba - but failed to reach any meeting of minds on that subject. They pledged, however, to find an answer to the problem of salt coming down the Colo rado river from the United Slates into Mexico and agreed to try to find a solution to Mexican demands for 450 acres in downtown Kl Paso which changed nationality unite a while hack when the Kui Cratuto changed its course. II :umnimmnim. If the United Stales could learn how to lake the salt out of ne waters of the Colorado river. ma be it could learn how to take the salt out of the waters of the Pacific Ocean. In that rvent, the West could quit worrying about its future w atcr supply. IN' THE case of in El Paso tl the 4."ul acres thai chanced their nationality when the Rio Grande went on a bender and started wandering around over the terrain, it would be interesting to know what the inhabitants of the area would do about it if it came lo a vote Would they vole to go back o Mexico".' Or would thev ote to s'.iv in the I' S A " 'rii.M' ..in IT'g UUl-st ssis an lntctcs',- 'tien th.it must m e ocelli red to e ri vivir w ho has di i en along the in lei national boundary thataidivtdcs the i . COMMUNICATIONS Letters to the Editor must bear the nzme 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 right to edit all letters with a view to clarification and condensation. Letters submitted for publication must not excevi 400 words. The letters printed in this column do not necessarily represent the views of the paper; in fact the contrary is often the case. The Army's Needs To theditor; For the first time since it began operations here in 1890, the SwlTatn Army is conducting a major kiai-telimg fuwd strive in Jtc4 ssft erwrfMir. Kvcn mv t A.rrvy, lwit amrrn for Ks a;-src4. S6"ri(e to Kfc&H&iiM!, ic reos:i::,a with a jmiiwc-ua ot in?&3xa !ticeirl jswWit fr,N;a.vii'45. The Army vev ctipjtai fu,i:-s becowa its fruxst. hcaiijr.rters and community cewtosr he fceo coRrVrnxcd toy the City of Meiiford as u ssere Ik occupancy. In addi tion, when tke Shelter, on Crevs rd., was flooded by wa ter from a broken pipe, re pairs had to be effected to keep the building open. These repair costs have to be paid and much remodeling of that 13-yar old structure must be done. About $25,000 of what it needs to relocate its headquar ters to a site at the corner of Beatty and Edwards sts., to provide ample space for youth, welfare, social and re ligious programs, will be pro vided by the sale of the con demned present headquarters site at Fourth and Bartlett sts. Another $137,185 will be rais ed, the Army hopes, largely through voluntary contribu tions of individuals and busi ness firms in Jackson county. No house-to-house solicita tion of funds is planned at all! Three personal solicitation groups have been organized to make the necessary contacts with business houses, profes sional offices, and larger firms and individuals through out Jackson county. No one is being told what to give. Voluntary participation in this program is essential. Be cause this is a one-time, once-in-a-generation o p p o rtunity for this type of campaign, larger than usual gifts re necessary. That is why all pledges to the building fund may be paid over three calen dar years, or four lax years, and are tax deductible under law. Is this program worthwhile? We believe il is! If it were not for The Army, our busy society might not take time to properly fight hunger, lone liness, sickness, delinquency and despair by caring for the poor, feeding the hungry, sheltering the homeless, help ing un-wed mothers, aiding imprisoned and befriending the friendless. This is the Army's traditional role in our community and country. But the Army needs to have proper facilities from which such programs can be offered. We now have the opportunity . . . for the first time in 72 years ... to show in full mea sure how much we appreciate the work the Army has done and will do in the Rogue Val ley. Jennings Pierce fi:)0 North Central ave. Medford. Camp Funds Needed To the Editor: Every sum mer for the past three years, one-third of the 000 adult res idents at Oregon state's Salem Fairview Home for the men tally retarded lake a brief vacation. They work hard during the preceding 5 1 weeks, preparing food, grow ing crops, tending their physi cally handicapped fellow pa tients, and keeping up the Home - thereby saving t a x money - hence deserve a res pite like the rest of us. But even that modest one week vacation may be elimi nated unless $1000 or more is raised by donation. Thus far, the annual vaca tion camp for the retarded has j been financed with contribu-! tions from civic organizations and individuals, to defray the minimal cost of $:i to main-i tain one patient for one week at the camp site in Silver Falls State Park, east of Sa lem. The iimiu y goes In rent the site from Salem's YMCA and to pay modest wages to camp counselors collece stu dents and Fairview staff mem bers. The session ji' concluded, affording vacations In 150 in mates per week, w-as super vised by Mrs. Daphne Schatnck. Fait view's rrcrca-, nouses, and for a shew make lional director II ran from I lnng prayers: Ihe same shall June lft-211, and depleted all I receive creator damnation. ' funds plus creating a $1000 tLukc 20 4H. 47) deficit. "And when thou praycsl. Now there is no money for thou siialt not be as the hypo next year, and won't he until : critos arc: for they love to we nquioate wnat we owe lor - Vnitcd ates iTVm Mexico. t On one side of the line are prosperity and comfort. On the other side are poverty and want. Yet 0 . The soil on both sides i THK SAME. Tie climate on hoth shie.v t the ;nic The only diflrretn o lies in i he way of hf' of .he people The way of ht of ihe people mfhiemef, t.i"ii;ly hv the kind nf n.n eminent the r'v pie li e under, difference. this year. Everyone interested may send funds, in any amount, to the Oregon Asso ciation for Retarded Children, nnarkeet 'Camping Fund.' Mrs. Jean Schreiber, rVesicifnt, Orngon Assn. ir Retarded Children, Portland rd., fMDM, Ore. T tke Editor: Much has iraM stats! fniut old age hospi - tar! iMtaw in Washington. As pel notkifcg has been done aViut it. The HinvfrAnderson bill has been, tosses! back and forth for seme time. In due time it will end up in the waste. paper basket. One of our local poltiticians Wednesday said that private insurance programs have fail ed to provide adequate medi cal care for older people and therefore "it is entirely prop er and necessary for the gov ernment to initiate a program that will do it." Quite true. This politician may be sincere, yet again, it may be a scheme to pick up a few extra votes at the com ing election. If elected, the old age hospital plan may end Mp also in the waste basket. The King-Anderson bill if passed is to be sponsored by Social Security, another bur den for us steady workers. also another step toward So cialism Not only the old timers need a hospital plan but a great many people in the low earning, or I might say, in come bracket with a family, need one also. Yet most hospital plans. insurance, costs the average man with a family, from $6.00 to $14.50 a month, depending on what type policy he car ries. Any policy is expensive for people in the low income bracket. I talked with a great many people who have had hospital experience in the past. All of these people had the same answer. The hospital plan didn't pay all the bill. I my self had the sad experience of paying S500 cash along with a hospital plan insur ance for my wife's operation. I would like to suggest that we start a stale and national lottery, the same as they have in other parLs of the world, lo help all the people when hospitalized. I will be interested to work along with anyone on the sys tem that I have worked out. Howard H. Brown 807 Gilman rd. Medford. Gospel and ihe Court To the Editor: I see it look the Supreme Court to wake up the slumbering clergymen and our chaplains, both Prot estant, Catholic and Jewish. Our constitution calls for a separation of church and state. They, the nii.e old men that compose the Supreme Court, have rendered a just decision when they barred prayers in our public schools. Christ's commandments, for all new testament Saints, "render to Caesar the things that are Caesar's and to God the things that are God's. And they (the Jewr marvelled at him." (Mark 12:17). There fore, this s'uggests a separa tion of church and state. Christ's commands forbid his apostles and disciples to take an oath. "Bui 1 say unlo you. Swear not al all; neither by Jerusalem; for it is the city of the great King. Neither shall thou swear by thy head, because thou canst not make one hair white or black. But let your communication be. Yea. yea; Nay, nay: for what soever is more than these cometh of evil." (Matt. 5 34 37) "For there is nothing hid. which shall not be manifested; j neither was anything kept se- j crct. but that it should come! abroad." (Mark 4 22). Kenrier to God the thins thai are God's. (Mark 12:17) New testament prayer by Jesus Christ: "Beware of the scribes, which desire to walk in long robes, and love greet ings in thp markets, and the highest seats in Ihe synagog ues, and the chief rooms at feasls; which devour widnuf.s' in Manaing in me ?,... , rnri . 1ra nripp. gogues am? m the corners of ; streets, that they may be I fee" or men. enly. I say tin-, to you. they have their j ward. But thou, when thou praye.-Jt. enter into thy closet, and when thou ha.t shut thy door, pray to thy " a t h e r w h c h l s in ,ee re t . and t h y Father u hu h sect I, in seeret will reward thee openly " Ma!! 6 .V Pr.ners are "t in he p';t ed m puhhe. !herrf.re ivM tn public .ehno! Wtpiam y Brown 11 P Sirvenj M. j i Medford i a Today & Tomorrow By Walter Lippmann lei New York Herald Tribune Syndicate THE WORLD AND THE DOLLAR With its impressive vote on the Trade bill, the House has made a far-reaching contribu tion to peace and prosper ity. The bill should now go through the Senate with out crippling a mendments, and the coun- f try will then have equip ped itself lo 1 . ,. Heal with enmino in Europe. It is now fairly certain that M. Jean M o n n e t and the friends of an enlarged and lib prat Cnmmrm Martnl iro nre. vailmg over the advoeatcs 0, an exclusive and restrictive Franco-German Europe. The aspects have become good that the Six will come to terms with Great Britain. If so, we shall in the not too dis tant future be negotiating for a low tariff trading area com prising in various arrange ments ihe n o n-Communist world. TT IS PROBABLE that this creative movement in the Western world will acquire a momentum which will soon carry the trans-Atlantic part nership to a critical problem which will have to be solved in the near future. It will have to be solved if the en larged trading arrangements are to work. The expanding world economy must have a more stable and a more ade quate world currency. In or der to do away iHh the chronic exchange 'roubles which now plague sterling Strictly Personal By Sydney J. Harris tc- Ftr-ld Enterprises Inc. FACELESS COMPANY "Give me the old-time ty coons," remarked my friend at lunch. "The ruthless opera tors who hir ed and fired without any sentimentality or hypocrisy." "Why do you say that?" I asked -and then remem bered that he had just been "let go" from a job he had held for 15 years, after a merger between his company and a larger one. "Because there's nobody I can blame, nobody I can be angry at," he said. "And that frustrates me, that starts my ulcer popping again." "Have a glass of milk and explain yourself," I said soothingly. "Well," he went on. "an you know, I worleed for a big company. Everybody there was pretty d-ecent. The pay w a i good, the working conditions were more than tolerable. We had all kinds of fringe ben efits. All the executives were warm and sympathe tic toward your problems. "The thing is, though," he continued, "that they were just as warm and sympa thetic when they let me go. Quite a few of us in the smaller company were squeezed out in ihe merger, you know, Il wasn't our fault, and il wasn't theirs -and that's just the trouble, 2 guess." "Why does that make it worse?" I inquired. "Somehow, it's to imper sonal," he said. "Individual ly, the men are all decent there. Yet the important de cisions are made in an im personal way by thai lcajal fiction, known as 'the cereb ration.' Everybody in asa thorily was 'sorry.' Evrfy body tried to be 'e-eleiel,' Each one saitt 'If it w my decision, you woule) fcawt been kept.' "And that's the whole point it was no one's decision, fa cet that fictional character. And you can't attack a fiction al character; you can't artu with it; you can appeal to its better nature - because it has only one nature. "If I d been fired by an old fashioned tycoon, who didn't like my work or my person ality, or the way I wore my stand it. There would be some thing tangible to hale or to accept. But this wav, I feel as if I've been smothered by shadows and you can t strike back al shadows." Why do you want to strike bark""' I asked "Because I feel I've been done an injustice." lie replied. and all the executives I've 'alked to agree it Mas unjust You know, the creed they live by is individualism.' bu I can't find an individual m the mmpanv tiling to take the responsibility for knocking! me off " and the dollar, there will have to be some kind of interna tional reserve system . which does for the world economy what our own Federal Re serve system does for our own national economy. It has become increasingly evident that the gold with drawals and the so-called vul. nerability of the dollar are an international problem which could not be solved, even theoretically, b; the United States alone. This is not a new discovery. U was foreseen by financial experts during the war, and it has been discussed actively here and abroad since the first serious gold crisis at the end of 1958. M. Monnt n his colleagues have been at work on it for a long time, and there is already in existence highly effective common ac tion by the central banks to regulate gold movements. There is also discussion in Eu rope and in Washington which looks forward to - the pooling of the monetary re serves of the Common Market and from there on to an ar rangement with the United Stales. WE SHOULD begin now lo " prepare our minds for the effort of solving the in ternational monetary prob lem. For while the skilled co operation of the central bank ers is dampening down specu lative attacks against ihe dol lar, there is no use hiding it from ourselves that in the financial markets of the world the dollar is regarded as vul nerable. Between 1949 and 1960 foreign gold reserves and dollar holdings had risen some S27 billion, and of that amount the United Stales con tributed more than $21 bil lion in the form of gold with drawals and short term liabil ities 'convertible into gold. The feeling in the financial market that the dollar is vul nerable arises from a realiza tion that we are at the end of a period and of a policy. For some 13 years we have pro moted European recovery and as an essential part of il we have carried out an immense operation for the redistribu tion of the excessive gold slocks which we accumulated during and just after the World War. rFHE operation to redistrl-- bute gold has had to coma to an end because tinder the rules of ihe game as, for good but transient reasons, wo chose to play it, it is a one w a y street. Anyone, except an American citizen, who has American dollars csn convert them into gold. On the other hand an American citizen who has dollars or sterling of francs or marks cannot con vert them into gold. Under these rules of the game we have invested abroad, we have given aid made loans abroad, we have stationed American troops abroad. All of this has placed dollars abroad which can be converted into gold on de mand. But if, for example, a loan is repaid, no gold can move from Europe to Amer ica. Until 1958 this worked well enough because we had such a very big stock of gold. But as the gold slock has been drawn down while the liquid claims have increased, Ihe time has come when Ilia claims to our gold are bigger than the supply of gold. rpHIS does not mean, of course, that the United States became insolvent under Eisenhower in 1958! Far from it. Our investments abroad ara very much larger than our lia bilities. But our assets are long lerm and they are not convertible into gold wtiereas our liabilities are short term, are "hot money," and under the rules of the game as wa alone, except Switzerland, play it. are freely convertible into gold. The dollejr is nol vulnerable because ?rrt;nt F.i.sOnhoOor and President Kennedy, jeint ly or soveiilly. ere ! vie'ti ous end resrte-iMbl thin thry should r. Th dollar is vulnartblt ieetut at-tai-asa.ir.j to orwerda uniltfrr- tly eactenfe ranriard for tha eho! .n-Commumst world. Th tie has come In share Ihe burden by agreeing on a multi lateral gold ex chance standard. There is a need to put an end nd thcr is an opportunity to put an end to the chronic exchanga troubles in London d New York - wt the overhanging threats of interna: enal defla tion, or of exchange control, or of emergency restrictive tariffs, or of valuation. There is no imminent ti'i'-at . of any ofthcse disasters. But because iaesc disasters are not excluded by formal and public institutional nuasurc - such as an international re serve sy-tcm v,c are enter ing what promises to be a pc r:od of greatly rxnandirg world Irarir and of econom;" growth with unsteady nrrvr and with diminished conic dence.