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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (July 6, 1962)
FRIDAY, JULY 8. 1962 MEDFORD MAIL TRIBUNE. MEDFORD. OREGON 1 Lilt. Your Money's Worth By SYLVIA PORTER Copyright, Hall Syndicate, Inc. BREAKDOWN OF BALANCE OF PAYMENTS DEFICIT If you're more than a hit-and-run reader of one of the lop economic-financial newa stories of our era, you are un comfortably aware that for .many years our country has been running a big deficit in our balance of payments - meaning we're spending much more money abroad than we're earn ing abroad and as a result, foreign creditors have built mas sive claims against our shrinking gold reserve. You're probably also aware of at least two statistics - that last year our balance of payments deficit came to al most $2.5 billion despite the fact that our exports of goods topped our Imports of goods by more than $5 billion. But unless you're more than ordinarily informed, you do not know where all the extra spending went. Here, there fore, is a simple breakdown of the 1961 payments deficit, de signed to show you how much we spent for what and where the "leaks" arc. Last year, we sold more than $19.9 billion of goods to foreign buyers, bought back over $14.5 billion. That gives us a fat merchandise export surplus of almost $5.4 billion - a nice plus for us. Last year, U.S. residents received an income on for eign investments over $3.8 billion, while foreigners re ceived in income on Investments here only $871 million. ' Thai gave us another fat plus in our payments accounts ' of almost $2.8 billion. U.S. residents spent for such services abroad as tourism, transportation and insurance over $4.7 billion, while foreign ers spent for similar services here almost $4.4 billion. This resulted in a minor minus In our international accounts of close to $400 million. From here on, the picture darkens dramatically. We sent abroad for military expenditures over $2.9 bil lion, while our military receipts here were an insignificant S408 million. This put a hefty nick in our payments balance of more than $2.5 billion. U.S. net private investments abroad-ranging from ex tension of credits to other areas to purchase of foreign phys ical properties-came to more than $3.9 billion, while net foreign private investments in the U.S. came to $577 million. The two categories are not precisely comparable, but they show a minus for us of close to $3.4 billion. Then there was the huge sum-$2.1 billion net-the U.S. Government transferred to foreign countries for economic aid and "defense support aid. For this we got nothing in direct return. There was the $954 million our government invested abroad, not in outright gifts but in loans-direct loans to ihe governments themselves, loans via the Export-Import Bank, subscriptions to the Inter-American Development Bank, similar transactions. All repayments on these loans were subtracted, so this is a net minus of $954 million. There was the $643 million private U.S. sources sent to forcigners-for Instance, money orders sent by an American to a member of his family living abroad or gifts. This is a net minus too. And there was the so-called "errors and omissions" cate gory coming to an impressive minus total of $616 million. Here would go outflow of "hot money" that were unrecorded, untraced sales of U.S. securities by foreigners. It's a slippery category, admittedly loaded with inaccuracies, but it was all minus and it came to a hefty total. Add up the few credits and they came to almost $28.9 billion in 1961. Add up the far more numerous debits and lhey came to over $31.3 billion. The deficit resulting was nearly $2.5 billion. When you glance at this breakdown, you see where ' the "leaks" are and what can be done to plug them. At this late date, certainly other nations In the free world can take over a much bigger share of the $5 billion burden We're carrying for military defenses and economic aid. Surely, we can hike our earnings from tourist spending within the United States by a major amount. We ought to be able to swell our income from exports of goods far be yond where 11 is. We're In the red. We have a towering problem of bal ancing our accounts, maintaining confidence In our currency so creditors don't run from it into gold and, by so doing, topple our dollar. We know where the leaks are-and we must have the courage and brains to plug them. Lange Describes Travel Over Game Reserve in South Africa (Editor's note: This is an other in a series of articles by Luke Lange, former Medford resident who is on an around the world cruise aboard the freighter, SS Friesland. Today's article concerns his safari into an African game reserve i n Zululand.) For Half Sizes Jiffy Sef lie L ?H rp u'i When there's a rliange m the weather, button on the cape to change the neckline from cool to covered up! Choose softly flared or slim skirt. Printed Pattern 9188: Half Sizes H's, 16'j. I8'i. 2"' j, 22'j. 24'-a. Size IB'j costume takes 5 yards 35-inch. THIRTY FIVE cents in roins for this pattern -- add 10 cents for each pattern (or first - class mail. Send In Marian Martin, Medford Mail Tribune Pattern Dept., 232 West 18lh St., New York, N Y. Print plainly NAME, AD DRESS with SIZE and STYLE NUMBER. Extra Big Summer Pattern Catalog over 108 styles for all sizes, occasions. Send 35 cents. Quick crochet! Make boot ies, cap and Jacket for baby In a Jiffy. Shell stitches in 3-ply baby yarn. Soft, pretty - choose white, pink, blue or yellow. Pattern "318, crochet directions in fants' cap. booties. Jacket. THIRTY FIVE CENTS (coins) (r this pattern - add 10 cents fur each pattern for Ist-elass mailing. Send to Alice Brooks, care of Med loro Mail Tribune, Needle cratl Dept., P. O. Box 16.1. Old Chrlra Station, New York 11, N . Y Print plainlv N AME. ADORES S, PAT TERN Nt'MRKR NEVER -BEFORE VALUE' 200 designs to knit, crochet, sew, weave, embroider, quilt - in our 1H62 Nredlecraft Cat alog. Beautiful Hulkies in a complete fashion section plus bedspreads, toys, linens, af Khans, slipcovers, plus 2 free patterns Send 25c now. By LUKE LANGE We started at daylight, and at this hour I think every bird, beast and snake in Africa is out of its lair. Baboons in herds would be by the car. They would grab rocks, run up the nearest tree where they screamed and threw rocks down. The guide would spot ani mals up to two miles away on the hills. You could stare un til your eyes bulged out, and many times could not see what he was trying to point out. The Zulu knew just where the game would be, and could see things that the untrained eyes would miss. Roads Big Help The way the roads were planned through the reserve was a big help. He would spot animals, then we could circle behind and come down on them in the car and get a better look. This was the only way to get close enough to the zebras to get pictures. Hluhluwe has one big at traction to be found nowhere else in the world, including Africa. It is the only place where the almost extinct white rhinoceros is found. He is lighter in color than the black rhino, and not quite as mean. He also has a square lip. instead of a rounded one like his black brother. The reserve has everything but lion and elephant. We saw hundreds of zebra, buffalo, rhino, waterbuck, bushbuck, and nearly all species of the antelope and deer families. Wild boars are seen through out the area, but are always on the run. They run with their tails straight in the air, and can really travel, making pictures hard to come by. Rivers Have Crocodiles Rivers throughout the re serve abound in crocodiles. Although the area had no lions, it did contain many leopards and cheetah. We saw one, at a water hole at dusk. But evidence that they were there was plentiful because you would come upon a car cass which they had killed. Everything is In its natural state, and the big ones eat the little ones. By 11 a.m. we had circled back to tile camp site high on a plateau of about 2,000 feel elevation. At 2 p.m. we started again, through a new area. We were going through ter rain covered with acacia trees, short brush and grass. The acacia trees have thorns more than an inch lung, and look and feel like horseshoe nails. They are sharp and hard enough to puncture a tire. Gets Out of Car The Zulu made motions to stop the car and he got out. We thought he had spotted a poacher. The rule was strict on getting out of the car. We stared in the direction he was looking, but could see noth ing. He described a circle with his arm, and took off on foot through the bush. We were to meet him with the car at the bottom of the mountain about a half mile along the road. At the foot of the hill we stopped. He soon appeared from the brush. He motioned to bring the camera and fol low him. We asked him earlier in the morning ' about snakes, and were assured that cobra and mamba lived throughout the place. I thought plenty about them while sneaking along be hind the guide through grass up to my knees. He kept mak ing hushing motions to be quiet. We sneaked up to a tree and peeked around. There within 30 yards stood a white rhino. Looks for Way Out I looked behind for a way out. My wife and daughter had followed. The car was at least a quarter of a mile down the hill. We stood there with nothing but a camera, a Zulu and a pair of handcuffs. You couldn't climb a tree with all the thorns, no matter how scared you were. A rhino is as heavy as a two-ton truck, and can do 20 miles an hour with a 30 yard start. The three of us just stood there petrified. The old rhino was looking in our direction. He knew something was different, but wasn't sure what it was. When we got back to the car, the Zulu explained that a rhino can see just a short distance. but has an acute sense of smell. He had tested the wind, and led us to the rhino down wind and knew we were safe, at least he thought so. I had tried all morning to get pictures ol animals at closer range, so 1 guess the Zulu thought he would please the American and really show him something. As I stared at this ill tempered beast realiz ing he could charge my wife, daughter, or myself or all three, I froze stiff. Inwardly Cussing I was inwardly cussing my self for being stupid enough to follow a Zulu native into the brush, and get in a spot like this when I should have known better. I finally woke up and started Peggy and Sherrie back to the car. While they were doing this, the old rhino would circle and paw the ground. The Zulu was making motions to take pic tures, so 1 figured after going thic fiji urhv nnt'i I Innb r,;,.. : t..rp And thn 'rhinn : Meet Inventor of Yo-yo and right at the tree we were be- Small Worlds Around Us By LYNN M. WATKINS (Rceistct snd Tribune Syndicate 19621 hind. The Zulu grinned. I took one more with the rhino look ing right into the camera, then we sneaked out. Later as we were driving along and looking at more game the whole thing seemed amusing and the danger was forgotten. The Zulu was real proud of himself and everyone was happy, He spotted some giraffes about a mile away, and we ap proached them from behind, so the Zulu and I sneaked up close enough for several good pictures before they ran off. While they were running away, the Zulu pointed out six black rhino about 300 yards up a hill, and wanted to know if we should ease up and gel a shot at them. But I had had enough, and figured we had used up our luck. As we left the reserve that evening, I gave the Zulu five shillings and took his picture. Obscene Matter Topic in Portland Portland-iUPD-The Portland City Council Thursday ap proved a new law aimed at obscene matter. Mayor Terry Schrunk said the two-part law was in com pliance with a U. S. Supreme Court opinion handed down last week. The first section of the law j down would permit a speedy court ruling on whether matter was obscene. A dealer would be prosecut ed only if he continued to sell matter ruled obscene by a court. In cases of prosecu tion, a jury trial would be re quired. HAITIANS-PREFER" TWIST Miami Beach -lUPII-Evelyne Miot, 19, Miss Haiti in the Miss Universe contest, ar rived here Thursday and said her country's voodoo drum dances are mostly for tour ists. Miss Miot said real Hait ians prefer the twist. "It's a good dance and one can lose weight doing it." F.levator - The Spider The mechanical monkey that climbs a string, or the toy yo-yo in the skilllul hands to the small boy, do not en tirely indicate man's inven tive ingenuity or superiority The idea for both was origi nated and perfected by spi ders eons ago. The principle of the yo-yo is actually a way of life for most spiders. Neither can we take credit for the idea of the ele vator. The common garden spider is the operator of the world's most perfect elevator. This little, living yo-yo, the spider, uses a silken threat in stead of a string or a steel cable; a shiny strand so fine it is invisible unless the sun light strikes it squarely. It is a wispy cable of silk, of tre mendous strength and elastic ity, permitting the spider to fall from any height and stop with cushioned softness at any level siie desires. She does this by playing out a strand of silk from her body to any length. From Building? It's easy to understand how a spider could spin out 10 or even 50 feet of web, and drop gracefully from the eaves ot a garage roof. But could the creature "fall" the same way from a building several times that height? Would she run out of siik about half way And could she climb back up the strand, if she suc ceeded in dropping some con siderable distance? As far as is known no spi der ever developed a ease of acrophobia (to become nerv ous at a great distance from tiie ground) for some spiders sail away in the air with just a silken web to carry them along. To find some of the an swers, a man attempted an experiment. The man covered a six-foot fishing rod with a thick layer of grease, leaving only a few inches at the tip free of the oil. On the tip of the rod, a rather reluctant spider was placed, and Hie fishing rod was pushed out of a window, on the 20th floor. The man rushed to the ele vator and descended to the ground floor and out into the street. With binoculars he uatched the speck that was the spider, high in the air, over the sidewalk. The spider had dropped down several yards below the rod-tip. She could be seen fingering the silk strand. There were times when she dropped a couple of floors; braking herself she came to a jiggling stop at the 10th floor. She swung gently in the gentle breeze, the same wind that swung the spider out from the building. Just Undecided By the time she had dropped to the street, the man approached her. Above her arched out the bow of the silk en strand; the safety rope she had made. The time it had taken her to make the descent was not because she had to wait for her internal machin ery to manufacture more web. but, like so many of us, she couldn't make up her mind. She had descended from a great height, safely, silently, easily, on a slender, shining thread of silk. Could man do the same, he would know he had accomplished a miracle. I JFK AGREES. I Washington-ITU Kennedy has given tongue-in-cheek agreement to former President Eisenhower's claim I that the Republican party is the party of business. Asked , Thursday whether he agreed with the Eisenhower statc jment, Kennedy said "I dislike ! disagreeing with President . Eisenhower so I won't be in this case." ! Redmond's 35 Again President , rvonon 5 coiuMi jvt New York-l'PI'-The U. S. Weather Bureau reported the lowest temperature recorded today was 35 at Redmond. Ore A hunting spider, while courting, may offer its intend neatly wrapped in silk. I SATURDAY SPECIAL HAMBURGER f ( - - , with aii if Ef 9 V istp'-! '. j Trimmings Jjj J B I TORNADO j I BOWL i a Open H P Until 11:30 In the Oakdale Market North Carolina is the wid est of the eastern states, span ning 500 miles from the Ap palachian Mountains to the Outer Banks on the Atlantic Ocean. An Evening at The Dardanelle is a Never To Be Forgotten Happy Memory NOW OPEN EVERY DAY from 4 p.m. to 2:30 a.m. Live Music Daily Except Mon. & Tues. SPECIAL SUNDAY NIGHT DINNERS UNTIL MIDNIGHT DARDANELLE Hiway 99 at Gold Hill Overpass Phone 855-1230 ieupwi.kwiiuMineus4ui(iie.isi.ijp pi i iij.iiiii)jiiiiiuiiiiijiiiiiifHu.iifiiwii. .ju'iw.wiV'fMU 1iit.im jj I C' TONIGHT I I -kl X ,d SATURDAY NIGHT ! CONTEST H El Dinner served continu ously all day. ) BANQUETS and PARTIES Phone for arrangements. I Starts Sunday. I July 8, (8 p.m.) I Will run i wks. J Join ihe fun I win a prize: I P.ONEEf? CAFE Central Point 664-2435 O MEXICAN TACOS AND BURRITOS MEXICAN TACOS AND BURRITOS ICY COID Jsck's Frostop Root Beer Stand and Dog House 911 No. Riverside-U.S. 99 No. ROOT BEER r rait i Relax In Our Cool Patio or Be Served in Your Car by Courteous Car Hostesses Car Tray Service At Frostop Only Urge Paved Parking lot Easy to Drive Into and Drive Out Look for the Big Revolving Mug Back of Jack's Drive-Up First Frostop Root Beer In Southern Oregon TASTE THE DIFFERENCE 13 Kinds of Hot Dogs Butter Ball Hamburgers SPECIAL TK3S WEEK ONLY GALLON OF FRQSTC? ROOT BEER TAKE OUT QUART OF FROSTOP ROOT BEER-23c TAKE HOME A GALLON OF FROSTOP ROOT BEER f. it J l If. Hv'fV . 7 . 1 ! i J jut . MP I . t J I 1 1 H i V Jff.ri The boys and girls in Medford and the Rogue River Valley are out' of school now to enjoy a summer of fun. PLEASE help them to keep enjoying it! Youngsters will still be going to school play grounds and playing at home . . . they are apt to dash into the street anytime . . . into the path of YOUR car. The Medford Traffic a very person- Safety Council urges YOU to make SAFE DRIVING al responsibility. Have our car fhorrv mhlv rhnrlr.A frcff.. ' ' i-' ---vwJIIOCllttV.., be doubly careful to observe traffic sians and rmuhrinn and give them the right of watch out for children everywhere wav' HHASW MS WIM IS. Published in cooperation with the Medford Traffic Safety Council by Ths Mail Tribunal
