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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Jan. 28, 1963)
THE WEEK IN CALIFORNIA MEDFORD MAIL TRIBUNE. MEDFORD, OREGON MONDAY. JANUARY 28. 1963 Republican Central Committee In High Spirits Over Victory A 5 7j w Uniled Presa International The Republican State Cen tral committee gathered in San Francisco last week end in high spirits to debate future party strategy. The Republicans were hap py because their candidate, Del Norte County Supervisor Donald H. Clausen, had won a decisive victory in the spe cial election held in the First Congressional district to fill the seat held by the late Clem Miller. Clausen received 79.340 votes to 65,317 for William Grader, the officially en dorsed Democratic candidate, in the unofficial returns. An independent Democrat who lived outside the six-county district, John C. Stuart of Au burn, got 1.651 votes. Republicans pointed out that Democrats held a regis tration edge in the district and that Democrat Miller had carried it a montn auer ne was killed in a campaign 1 plane crash. Caspar W. Wein-1 berger. Republican state I chairman, hailed Clausen's triumph aa a "clear indica tion" that a man (Grader) who ran on President Kennedy's coatails alone could nut be elected. However, Democrats rejected this thesis. Meanwhile, it was an- Your Money's Worth By SYLVIA PORTER Copyright, Hall Syndicate, Inc. HOW DEFICIT IS FINANCED IS KEY POINT The key point about the $98.8 billion budget President Kennedy has submitted for the year to start July 1 is not that it's in the red. lD64's historic budget is billions in the red, this is fact and nothing Congress is going to do will change this fact. Rather, the key point to the health of our economy and our dollar is how this deficit is financed. The method of financing the deficit can (1) lay the base for another inflationary upsurge and weaken our dollar's value at home and abroad. Or it can (2) have some stim ulating impact on our economy, just because the government is putting more money into our pockets than it is taking out in taxes, but not dangerously flood the business stream with extra money, not set off another speculative spiral, not undermine our dollar's value here or abroad. This is the crucial point, yet it is so much in the sphere of technical high finance that only a woefully small minority in or out of Washington grasps what it means. To underline the enormous importance of it, consider what is happening to this year's budget deficit. We are in this fiscal year to end June 30 running a budget deficit now estimated at $8.8 billion. Most of the money to cover this deficit already has been borrowed by the Treasury. How has it been borrowed? Almost entirely outside the banking system which is the heart of the whole matter. U.S. corporations have bought large amounts of the Treasury's short-term securities, have put their extra cash into Treasury I.O.U.s instead of spending it. Foreign investors and foreign central banks have bought big chunks of the Treasury's I.O.U.s, have been investing their extra cash in stead of spending it. There is nothing inflationary about these operations at this time. Had the Treasury borrowed the money from the U.S. banking system, though, the picture could be drastically different. For when banks buy the Treasury's securities, they simply place a deposit in the Treasury's name on their books; they put up only a fraction of their own cash. When these deposits in the Treasury's name are on the books of the banks, the Treasury has the money to spend. As the Treasury spends the money for goods and services, the extra cash goes into the hands of the public in the form of profits and paychecks. This means Americans across the nation have more buying power and unless the supply of goods and services also rises, the base for potentially in flationary price increases is established. Today, there are no shortages of goods and services in our land quite the contrary. Today, the supply of money and credit is ample, but it is not flooding the busi ness stream. The Treasury has managed its borrowing in a primarily non-inflationary way. The Federal Reserve System has kept its control over the money supply. The result is that price inflation is hardly our problem now. What about next year's mammonth budget? It must be financed mainly out of savings not out of bank-created money, insists Federal Reserve Board chairman Martin. Pres ident Kennedy has said flatly and publicy that he agrees with this. Treasury Secretary Dillon and Treasury Under secretary Roosa go along with this too. So does the Presi dent's chief economic adviser, Dr. Walter Heller. None of these men and they are the key policymakers in the money field is kidding. Interest rates will be kept high enough to attract non bank investors to U.S. Government securities. A rise in the rate paid on U.S. savings bonds from the present maximum of 3:,4 per cent to. say, 4 per cent would be a reasonable move to appeal to little individual investors. When and as big tax cuts go into effect, the Federal Reserve will assume a defensive role meaning it will keep a lid on the money supply. This year's SB. 8 billion deficit is not causing inflation. Next year's deficit, no matter what its size, need not do so either. It all depends on how the deficit is financed --and that, I repeat, is the heart of the matter. nounced that Clausen would be appointed to the House Public Works committee. Elsewhere, there were these developments: Legislative: The Legislature completed its third week as it did its first-with a spate of bill introducing. Under the ules, the first 30 days are given over almost entirely to introduction of bills, except for matters of "urgency." The Assembly and Senate met each day for short periods, but the members were in their of fices for long periods, consult ing on possible legislation and getting acquainted. In the as- U 4 if v N3 ?S.w. WORDS (hat COMFORT For the Lord thy God bringeth thee into a good land, a land of brooks of water... DEUTERONOMY 8:7 PERL FUNERAL HOME! II CORNER SIXTH AND OAKDALE Spacious Parking lot SfRMf l I p, sot n SjV GO0 S4i Ml 1Y A mi VJ. OOIDP M e promptly rev pond to ell caUtf Juy or night. MEMBER BY INVITATION sembly this year 34 of the 80 members arc in the legisla-1 ture for the first time. j Eisenhower: Former Presi dent Eisenhower, in an article i in the Saturday Evening Post, said Richard M. Nixon, "did have a point" in his attacks against the press following the , recent California gubcrnator-1 ial campaign. Eisenhower said that throughout Nixon's ca-! reer "it seemed that a consid erable segment of the press was on his back." Braceros: It was reported that the U. S. Department of Labor has been conducting in vestigations into the conduct of the Mexican Bracero pro gram in the Imperial valley. The report came in the midst of indications that federal ac tion may be taken to curtail the program, which has been an important factor in the California farm-labor picture. Movies: A labor - manage ment committee on foreign movie production met with Secretary of Labor W. Willard Wirtz to seek aid in eliminat ing trade conditions that let Americans make films abroad. Pat Somerset, president of the Hollywood Film Council, said that subsidies given film op erations by certain foreign governments had reduced the number of films made in the United States and specifically in California. Smog: F o u-r Russian re searchers on smog visited Los Angeles, and the city gave them a good exhibition of one of its most famous commod ities. The bluish haze limited visibility to about ?.iths of a mile. The Russians told their hosts there was no smog in Russia, but were hard put then to explain why they were known as smog researchers. Shelter: Twenty-four Liver more families submitted them selves to a week end survival test in a privately built under ground shelter. The 36-hour test included shutting off ven tilation from the outside for a nine-hour period. Dr. Arthur Hudgins, a nuclear physicist and a director of Survival As sociates Inc., pronounced the experiment a complete suc cess. Mamie: Mamie Eisenhower recovered from a virus infec tion at the Eisenhowers' win ter home near Palm Springs. Sources said she became ill shortly after arriving in Cali fornia Jan. 7. But by the end of last week she had resumed a normal schedule of activ ities. Business: The California Public Utilities Commission staff said the Pacific Tele phone and Telegraph com pany was earning $32 million a year more than its author ized income for business in the state, but a company offi cial disputed the statement. Pacific Telephone's Counsel asserted that the staff compu tations contained numerous errors. Elsewhere, it was dis closed that the FMC Corpora tion of San Jose had agreed to purchase the American Vis 1 cose Corporation of Philadel phia for $116 million in cash. Bentley: James A. Bentlcy, I 27, was executed in the San Quentin prison gas chamber for the fatal shooting of a Fresno liquor store owner. Bentlcy had to be hospitalized for a nervous condition scv ; oral days before his execu tion and was transferred the day before it to the small holding cell near the gas chamber. i- Jf -V; President To Be Here With Choir Loyed R. Simmons, presi dent of California Baptist col lege, Riverside, Calif., will ac company the college choir to Medford when they sing to night at the Southern Baptist church, 764 Lozier lane. The 40-voice choir, under the direction of James H. Walker, will present a con cert of sacred music which will include selections by the Lcs Chanteries, the girls a cappella choir. The concert, open to the public, will begin at 7 o'clock. Prior to it members of the choir will be guests of the congregation at a potluck din ner at 6 o'clock at the church SUSPEND PUBLICATION Phoenix, Ariz. - 'IPi - The Arizona Journal, faced with a public auction to satisfy $175. QUO in unpaid taxes, has suspended publication until Monday. FOR THE COLD - Cold weather has again hit the Pittsburgh, Pa., area. Richard Kicr, 17, shows a novel way of keeping his ears and nose warm. (UPI) The Family Council Kdltor'i note: Thf? Family Council consists of a JudRr, a phvrhtatrist, three rlereymell, Ulree editors and a women's editor. Kat'h article is a summary of a family disagreement presented to the Council. The Council deals with problems, major and minor, encountered nv KUidanee counselors and social wurkers. Edited by Mrs. Alma Denny. U'i'pyrlEht by General Features Corp.) Mrs. L. B. She shouldn't leave the baby in Gary's care. Mrs. M. A. - Why not? He adores having a baby sister. Mrs. L. B. - I've been a close friend of Mrs. A. for many years. That's why I'm presenting this matter to the Council. She won't listen to me. She was divorced from her first husband, and has a 10-year-old son. Two years ago she remarried and has just given birth to a lovely daugn ter. She doesn't seem to see all the problems this brings up in her son's life. But oth ers do. I've noticed him put ling his hands to his ears when people gush over the new baby. If possible, he runs out of the room. Nevertheless, Mrs. A. in sists that Gary is wild about the baby and she plans to use him as a baby sitter. Even with no divorce in the back ground, there's some jealousy. In Gary's case, his parents seem blind. Mrs. M. A. Gary awaited the arrival of little Nina as eagerly as my husband and I did. We let him in on the secret ahead of time, and from then on it was hardly a se cret. He couldn't contain his joy and told everyone who would listen that "we" were getting a new baby. He really feels like a partner in re sponsibility for his little sis ter. 1 know Mrs. B. is trying to warn me about jealousy. But how can a boy be jealous of a baby who adds to his own pleasure and doesn't take anything away from him? Gary is still the only son we have, and he still gets plenty of love and attention from me. When he "acts up" in Mrs. B.'s presence it's because he hales to hear the usual lady-talk about babies. He says it sounds so silly. Alone with Nina, he's very gentle and tender. The Council: Mrs. A. must realize that her 10-year-old son wouldn't be normal if he didn't feel some resentment toward the cuddly pink bun dle which joins him in the right to call her Mother. The trouble is he can't show or reveal it as readily as he can his pride and joy, which are just as normal. All Mrs. B. is trying to get across to her friend is that saying it isn't so doesn't mean it isn't so, and that it's a better idea to expect, even encourage, Gary to feel bad about Nina at times and to own up to it. If his true, and justifiable, feelings are never permitted to be brought to the surface, due to the mindless mouthings about Gary simply idolizing his half-sister, he'll find hid den ways to "gel back at" her and his mother for t h e "crime" of displacing him. A kiss may turn into a bite. A squeeze may include a painful pinch, or a wham that isn't a love-pat. These possibilities aren't cited to frighten Mrs. A., but to suggest that she allow her son to get his rival rous emotions out of his sys tem in open ways, through talk. He must be assured that no loss of love, no punish ment, will follow his frank unburdening, because us Harry Golden would put it -he's "entitle." Especially with a child who has for so long held the Juve nile spotlight in his mother's life, some patient explaining and listening arc in order. His acceptance of what must be a competitor cannot be taken for granted, no matter how delighted he appears. This is not to imply that Gary isn't genuinely tickled with the "something" that has been added. She's someone to show off, someone to talk about, and later to talk to and nluv with A A ,.l...- 8 a.m. with the program atari- km. Uul hc n(,cds help , ,m ins : at 9 30 a m. I jn , ncw emptiness , ,,is Discussion will include ; ncart aboul ni, ,acc , hc bush and weed control, di-; homo. IIe can't figure it out ease problems in trees, the i aiP effect of weather and nutri-i Three Hurt as Car Hits Log on Road Three persons were injured last night when their car struck a log across Agate rd. at White City, state police re ported this morning. Daryl Dee Moore, 18, of 905 South Central ave., the driver, and a passenger, Ronald Wil liam Moore, 15, same address, were treated at Sacred Heart hospital for minor injuries and released. Donald L. De Rushe, 21, of 332 Mary St., Medford, another passenger, was reported in fair condition this morning while being treated for a possible concus sion, bruises and abrasions. All three persons were taken to the hospital by Medford Ambulance service. The log apparently had dropped from a load being moved across the road, state police said. The car turned over landing on its top after hitting the log. A second one car accident yesterday occurred on Ihe Sams Valley highway near Trcsham lane. No injuries were reported, state police said. The ear, driven by Harry Allen Hunt, 62, Tillicum, Ore. was going cast on the high way when the rear axle broke. The car went out of control and into a ditch on one side of the road where it struck and cut off a power pole. Christmas Tree Growing Course Set Oregon State unicersity is offering a short course on Christmas tree growing ac cording to Earlc Jossy, Jack son county extension agent. The meeting will be held Feb. 5 in room 208 of the Memo rial Union building on the campus in Corvallis. Registration will begin at WE GIVE THRIFTY GREEN STAMPS AND REDEEM THEM FOR CASH! From Your Friendly MARK'S Sixth and Grape Limit- Rights Reserved LOTS OF FREE PAIIKING Sn)7n) CnrVPfPnn? USDA CHOICE 7Q Boiling Beef USDA CHOICE (Plate) LB. Short Ribs tion to tree growth and insect problems in trees. The public is invited to this meting. There will be a $2 registration fee to cover expenses. ! REAPPOINTED Eugene -'VPr- Dr. Arthur S. I Flrmming, president of the ! University of Oregon,, has been reappointed a nicmoiT of tin International Civil Service Advisory board by U Thant. .sreretary general of I the United Nations. TAX WORK MADE EASY Rent or Least Adding Machine Typewriter Calculator VOIGHT'S 8th & Grip 772-4100 EilT Pftrkinq Green Stampl SEEM! GIANT 1) V SIZE X DEL MONTE' CHUNK STYLE I Sit - SYRUP Sunny Jim 22-oz. bottle 29c MACARONI Porter. Reg. Elbow 24-oz. pkg. INSTANT MILK Carnation 14 qt. 99' SALT Morton's 25-oz. tube T0e Hot Chocolate Swiss Miss-Just add water. .Mb. 59' SALMON Bonfire Pink No. 1 tin 69' BAKED BEANS B&M Brand 28-oz. tins 29' BROWN BREAD B&M Brand 25' CHILI BEANS Riviera 40-oz. tin 39' DETERGENT Trend Liquid 32-oz. 59' GOLDEN DELICIOUS Mies For Eating, Baking, Sauce or Salad . . . They're Hard To Beat . . . INDIAN RIVER RUBY RED -40 Size Grapefruit SWEET BELL eppeirs omy (0) Pound 5v 2 (teVmi 2SS 0
