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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Nov. 19, 1962)
MONDAY. NOVEMBER 19. 1962 A 5 Pewter can be cleaned with raw cabbage leaves if rubbed vigorously. Then rinse the container thorougly after the vegetable massage. Elmo Smith Undergoes Surgery for Ulcer ONE FOR THE ROAD Richmond, England - ilTD -Horace Redknap, retiring as a pub-keeper, celebrated with friends Sunday night by drink ing a glass of lemonade. It was the strongest drink the teetotaler has had in 40 years behind the bar. Management of Cafe Assumed by Couple Paris-(UPD-The Defense Min Your Money's Worth By SYLVIA PORTER Copyright, Hall Syndicate, Inc. istry said Saturday that tens of thousands of Moslem Alger ians are fleeing to France to escape persecution by fellow" countrymen who consider them traitors because they served with the French Army Albany - (ITI) - Former Gov. Smith underwent the oper Central Point - Anna and Wernmark, broker of Action Elmo Smith, publisher of the Albany Democrat-Herald, was reported in "fairly good" con dition today following emer gency surgery for a perfor ated ulcer. ation late Sunday night at Al bany General hospital. Lee Graham, Central Toint, have taken over the operation and management of the East side Fountain and Cafe lo cated at 530 Kast Main si., ac cording to K. C. (Swede) Real Estate, Mcdford. Mr. and Mrs. Graham for merly of Gold Hill recently Dairy cattle denied all salt. will die if A treated wood fence post will last 15 or more years. moved to Central Point where they have purchased a homeland police. MEDFORD MAIL TRIBUNE. MEDFORD, OREGON Ac -. A PLATEAU IS NOT GOOD ENOUGH1 The growing belief that the U.S. economy will remain on a record high plateau in the months ahead and that at the ' worst, we're in for only a mild setback dangerously misses the key point. Any complacency which this talk encourages could be exceedingly harmful to the entire free world. For the key point is that a plateau even the highest in history is simply not good enough for the U.S. economy with its constantly increasing number of workers, its large total of idle plant capacity, its vast burdens as leader of the West. A mild recession certainly would not be good enough, for even a slight business downturn in this fiercely compe titive era would push many American businessmen to the wall and throw millions out of work. What we need is not a continuation of 1962's sluggish growth. What we urgently need is a revival of a strongly expanding economy. It's an urgent need because only a strongly expanding economy will supply jobs to employ young workers entering the labor force each year and older workers whose jobs have been erased by automation, more efficient plant opera tions, etc. At latest report our unemployment rate was down 512 per cent, but that's hardly anything to boait about after 21 month of business advance. What's more, the reason the rate went down last month was that about 200,000 women stopped looking for jobs; the jobless rate for adult men was virtually unchanged. Also in October there were no more jobs outside the farms than in May meaning that we've not added any jobs in industry, fi nance, trade, etc., for five months. If this jobless rate holds, there will be 4,500,000 unemployed this winter. It's an urgent need because only a strongly expanding economy will soak up our excess plant capacity and spur corporations to invest in expanding and modernizing their plants. This modernization is imperative if we are to be able to compete in the world markets, boost our sales of goods abroad and thereby help create prosperity at home. The most recent McGraw-Hill survey indicates that bus inessmen will spend 3 per cent more on new plants and equipment in 1963 than in 1962 on top of a rise of about 8 per cent this year. The continuing increase is encouraging, for it lessens the danger of a recession. But a rise of only 3 per cent will not spark a real economic upturn, nor will it put our plants into sufficiently modern condition to compete more successfully with the up-to-date factories of many foreign producers. Not until businessmen see a climbing demand for their products will they sharply step up their spending on new plants and equipment, and they won't see that demand until our economy again gets moving ahead at a brisk pace. It's an urgent need because only a strongly expanding economy will give the United States the power to win the cold-hot war. We have taken on enormous burdens to de fend the free world and aid new and underdeveloped lands. We can carry these burdens if we are economically prosper ous and financially sound, but they will become increasingly intolerable if we are just ambling along. We simply cannot settle for a plateau or a sluggishly growing economy in view of these three urgent needs. Per Jacobsson, the highly respected economist who heads the International Monetary Fund and who has been warning the free world about the danger of deflation for months, tells a marvelously apt tale about the late Mar cus Wallenberg. The Swedish banker, says Jacobsson, once told him that it was often his role in life to be con sidered wrong in his forecasts, for when he saw threaten ing signs he would go around warning people of the threat and suggesting measures which he thought should ua taken m Avert the threat. "If then the proper measures were taken and the danger was averted, Wallenberg would be told that he had been wrong, but nobody could be more pleased than he when such a thing happened." c,,. Take steps now, Jacobsson is warning the United States, to speed up your growth and he is particularly emphasizing deep, across-the-board cuts in taxes. A plateau is simply not good enough. s 'mi 5 iMpgj ! : s messes : mmm mmmm w $: COc PLUGS Re'-49e KiL i-Rs5S.fi reg 39c HEAT mm3t Permanent 88; t; Reg. 1.25 i.; f is ! 29":Mi 39 m. :fl 2 s 1.19 B lis ag : 87c & 4 l- 'T WITH COUPON PA,R ti lNP.i.K ..,,,. fl L! I.O ! jj f- lyt V I I a With Coupon KZSeSl m with courMiiEuVjr m ' "J WITH COUPON J ft With Coupon WITH COUPON WITH COUPON I f.l- ,,-: IBfiflBlflflflBBrlflflflflBlflflBflflriaflflfllBSl IIIIIHIHIlilBI 11 B B BBBBBMBBBBBBBBBBraMllflBBflBBBBBBBMBBBlfc! . .IS 98c i (10) TEK f" B" J"""? B 1J Gilletto B(,3) M5 1'. 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Frank Hall reported on the Inst Jackson county Pomona Grange meeting and the new death benefit plan. The next meeting will be postponed due Thanksgiving. New officers elected are Harold VanHoy, master; Ralph Cassidy, overseer; Irene Cassidy, lecturer; Glen Hutch inson, steward; Ray Franz, as sistant steward; Margie Dun ham, chaplain; Belle Strahan, treasurer; Clara Hyland, sec retary; Oliver Thompson, gate keeper; Betty Franz, Ceres; Edra Thompson, Pomona; Ruth Van Hoy, Flora: Edith Osborne, lady assistant stew ard; Oscar Benefiel, Harry Skevington, and Casside Gold ing, executive committee. TROOPS ADVANCE Cairo, U.A.R. - (UPII - Mecca radio said Saturday Yemeni Royalists have driven within 12 miles of Yemen's capital of Sanaa in "ferocious fighting" and that fall of the northern revolutionary stronghold of Saada apears imminent. ISi MRUS flat COMFORT Thou will thew 1M the path of Hie: in Thy prrsrnce it fullnessof joy; at Thy right hand there are pleasures or evermore. 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