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.
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Grange News
Live Oak Grange
Live Oak Grange met re
cently with 31 members and
Master Cassie Golding presid
ing. HEC Chairman Edith Os
borne reported the harvest
'dinner was a financial success.
Next HEC project will be the
Christmas bazaar Dec. 8
which includes a rummage
and food sale.
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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