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.)
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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
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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