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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Aug. 22, 1962)
MEDFOHD MAIL TRIBUNE. MEDFORD, OREGON WEDNESDAY. AUGUST 22. 1962 Methods Are Given For College Funds When school bells ring an nouncing a new term of school .'and young children slart Off -to their classes - that's when their parents should take in ventory of their plans for their offspring's future edu cation. : Will the children go to col lege and can parents provide tor further education? Tuition and living costs at schools are rising constantly. In order for children from families of average means to plan for college, the financial foundation for college educa tion must be laid soundly and early. There are various methods for establishing funds for col lege education. Dennis the Menace I f vlllll f nIv. Dao didn't come wm us. He said to VWC UK SQVlfc feXCUSb. Direct Factory Shipment GLASS TUB ENCLOSURES Add Glamour to your Bathroom Fits All 5' Tubs Beautiful "Flamingo" Design Nylon Bill-Bearing Rollers ft Silencers Heavy Obscure Glass Bypassing Panels Self Draining Bottom Rail DELUXE TOWEL BAR, REG. $2.95 DURING THIS SPECIAL INSTALL YOURSELF SAVE $$$ MEDFORD LUMBER 3rd & Fir 773-7531 ASHLAND LUMBER 384 Oak 482-1621 I a me insurance plan, at moderate monthly costs, can be one method. Planned savings in a bank or savings and loan association are also practical plans. Endowment policies plan ned on the basis of 10 or 15 years, (according to the age of the youngster when started), is a popular insurance-savings plan with many parents. Regular purchases of U.S. Savings bonds 's another plan for accruing funds for college. Introduced several years ago, and gaining in popularity are College Savings clubs that function the way Christmas and Vacation Savings clubs do . . . regular deposits for a specific goal. 'Just Save' It's possible, of course, to "just save" for a child's future education, but the average family finds that they save most successfully, when they have a formal, planned basis. In any savings plan for a child's future education, it's always wise to make the youngster a "partner" in the savings program. As the child gets older and begins to earn money on his own for odd jobs and chores, he should be encouraged to deposit some of I his earnings to the "general tuna . This will give the child an important sense of participa tion and add to his incentive. The younger the children are when savings funds are started, the less wear and tear on the family budget over the years ahead. Discuss your plans with an officer at your bank or with a reliable insurance agent; they are qualified advisors to help with the right plan for you. 'Try And Decide' ts Advice for Consumer New York - HOT - Forget the expert lingo and enjoy tasting until you find wine that, indeed satisfies you, ad vises J. Wechsberb in a re port in the "Canadian Food Journal." The advice - try, and de cide for yourself - stems from the fact that there seem to be more experts than vinta ges. If you need a bench you consider the words of the late King Edward VII of England, a connoisseur. "Not only does one drink wine, but one inhales it, one looks at it, tastes it, one swallows it - and one talks about it," he said. Your Money's Worth By SYLVIA PORTER Copyright, Hall SyndicaU, Inc. LET DOWN AFTER 'THE BALL' "The White House's attitude toward the U. S. economy now reminds me of my wife's reaction after she has come home from a sedate charity ball," remarked my Wall Street friend. "She starts out expecting a glorious time and for days, she prepares for the occasion, chatters about what fun we'll have. Then, when she finds out she's with the same acquaintances who say the same things as last time and it's just 'another nice evening,' she's let down." "Translated into terms of the U. S. economy," said I, "do you mean that if the White House hadn't made such dazzling predictions for 1962 and been so specific with its optimistic statistics, we wouldn't be so let down today be cause all we've experienced in 1962 is a 'sedate' and 'another nice1 business advance?" "Exactly what I mean," said he. "Selling precise targets in an economy as broad and diffuse as ours is dangerous under any conditions. When targets are set as high as Ken nedy set them beginning with his January 22 Economic Message to Congress, the danger of missing them is multi plied many times over." "And then we work ourselves into today's uncomfortable circumstances," I continued. "The President has to back track, which is unsettling in itself. To maintain confidence, the administration has to choose statistics which play up the progress the economy has been making, although every informed observer knows the real story lies in the gap be tween target and performance. Meanwhile, as sights are low ered generally, even businessmen and workers who are doing better than ever feel uncertain about the basic situation." "As I was saying about my wife," said my friend, "if she didn't build herself up so much before a party, she'd not be disappointed when she finds she's not Cinderella at a ball lasting through the night." My friend's analogy, irreverent and sardonic though it may be, hits a fundamental point. It is at least a good possibility that if we hadn't been led by White House projections to anticipate so much for 1962, we'd not be so disturbed about the extent to which we're behind the projections. Still, the fact is that in the face of the most dazzling forecasts and promises, this 1961-62 expansion has been the weakest of the five postwar business recoveries, and that's not to be shrugged off. To be specific, the Cleveland Trust Co. recently charted the progress of the five business recoveries of post-World War II as of the 16lh month after the previous recession's low. Assuming the low is an index figure of 100, here's the index 16 months after each recession bottom: in June 1947, the index was 123.2; in February 1951, the index was 130.7; in December 1955, it was 117.2; in August 1959, it was 118.9; in June 1962, it was only 115.4. Also, the fact is that every bright statistic President Kennedy has submitted to show the gains we've made since February 1961 has a not-so-bright side indicating that the gains are slowing. Again to be specific: The nation's total output of goods and services is, as Kennedy said, now running at a record annual rate of $552 billion, up $50 billion from the low. But it was supposed to be at a rate of $565-570 billion by now underling how far we're behind the goal. The unemployment rate is down 23 per cent from February 1961, as he said. But after all these months, the rate is still sticking about 5 j per cent of all those able and willing to work, and there's not a chance we'll reach the "tolerable maximum" of 4 I per cent the way we're going. The same goes for the personal i income figures, business Investment, total employment, the j average workweek, etc. I Of course, we're setting new yar-to-yaar records; if w weren't ahead on year-to-year comparisons, we'd be In i i real slump. But it's entirely too sedate a record for an , economy faced with our employment profit-plant-competi-lion problems. Maybe, like my friend's wife, we expected too much and our prospects never were as good as we thought. But that doesn't mean our prospects shouldn't have been and that we shouldn't be trying to upgrade our performance to our ex pectations instead of searching for excuses to the opposite. I TTK SALE! We have LOST our LEASE ... ALL STOCK MUST BE SOLD BY SEPTEMBER 1ST . . . Bring Your Truck or Trailer and SAVE! SAVE! SAVE! SALE ITEMS: Ranges, Refrigerators, Freezers, Dishwashers, T.V., Stereo, Washers, Dryers. NO CATCHES - NO GIMMICKS! THIS IS A BONAFIDE CLOSE-OUT SALE! WE MUST VACATE BY SEPTEMBER 1ST Y APPLIANCE CENTER In the Big Y Shopping Center Phone 773-3052 ONE-TWO GO! As easy as 1-2-3 you can now save Big on the CHRYSLER, PLYMOUTH or VALIANT of your choice. Plus, as a special bonus you have your choice of any one item from each group shown below, the $1.00 g r o u p, the $2.00 group and the $3.00 group. We said yes 2 or 3 times too often to the factory and frankly, we're over stocked. So -- ONE, TWO, THREE, Out They Go at our loss -- your gain. Jf V-200 4 Door feBj ."..' Mdrd price If you add $ 1 .00 jrVr yYMOUTHlp : ; : v If SAVOY 4 Door Jt' Vl PLUS LOW PRICES PICK YOUR BONUSES j $ c r 00 1 1 $ fiQO j I $ jdo. I FREIGHT I RADIO UNDERCOAT AUTOMATIC I THEATER WINDSHIELD I TRANSMISSION power 1 WASHER C f POWER ff BACK UP LITES I STEER,NG I PADDED DASH SAME LOW NO FREIGHT PRICES ON ALL BODY STYLES IN STOCK DICK KNIGHT '.'CO. OUR 12th YEAR AT... 8th and Riverside a i
