Medford mail tribune. (Medford, Or.) 1909-1989, April 03, 1963, Image 15

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    MEDFORD MAIL TR3BUNE. MEDFORD. OREGON
W ECU ESSAY. APBJi, 3, J3
Dennis the Menace
The Great Sacrifice
Dick West Will Test Ordeal of
Congressmen Taking Foreign Junkets
By DICK WEST
Washinglon-ilTi'-From lime
to time, I have commented I
with admiration on the )
willingness of j
members o
C o jt g r ess to !
to endure the 1
liar dships of
overseas trav-j
tor the lawn and ail of the
shrubs need pruning. I cer
tainly regret thai f won't, be
here to help you do it."
"1 can tell ihal you're all
lorn up about it." she said.
"My heart bleeds for you.
"Befiex-e me, I'm rjt soing
because 1 want lo. But as
The fact that I am going as . good citizen I don't feci thai
ireeioader has Riven some we should ask our congrcss-
I wilt inortty be flying
down to Ventsutlfi Id at
tend the opening of a new
resort hotel, the Macule
Sheraton, that has been
Heeled near Caracas
"where the Andes meet the
Caribbean." as if says in
the brochure.
el. If o n e j of my colleagues the imprcs- mcn to do anything that we j
keeps one's j sion that it is a pleasure trip. ; aren't wilting to do otir-j
ear to t h e Not so. There are genuine j selves."
g r o u n a one j narasmps involved. j "You alwavs were the tto-
can hear wilts- i The main hardship came h, . " ; rt
Wart pers. and! when I broke the news to my j According to the program,
sometimes shouts, that con- j wife, a rather harassed young ()lcre wor,'s be much to do ex
gressional trips abroad arc i woman who was iust emerg-: , ,., j ,, ,. h.arU
mainly junkets arranged to!ing from a long winter of pSa), ol am( ga !o p3rtjcsM
give a lawmaker a free va- j staunching runny noses nnd : j ,," S)a!e every minute of if, 3
but I'll be proving something
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WRONG CEMETERY , FOR THE BIRDS
Sacramertlo, Caltf.-iSrS-Sen. s Oxioid, England - 3Zf-A
John Scgovich introduced a ; ja Va cut the htt popuSa
bi in the state legislature I ttort with tile me of oral tR
Tuesday to exerui itinera! ! iracesjiives has beat pat be
prcess!oiss ham traffic cob- fore t!se British Feat Coafiol
trot devices. Begovicn saSet fee Conference. Delegate B. B.
once was in a Catholic cot! Price said Tuesday She oirda
tege, stopped for a traffic 1 would eat specially prepared
tight, lost his way and tai-l bait which would cause any
ed up its s Jewish cemetery. esgs they laid to be sterile
listing
Servk
Your Money's
Worth
By SYLVIA PORTER
Copyright, Kail Syndicate, Inc.
cation. ; operating a diaper laundry
1 mvselt nave never snarco -worst lues, i imu uet.:, mviaM
that suspicion, it is difficult ' "I've got to dash down to "Men Ufa you are whaf
for me to belive that a con-1 Venezuela for a few days to ; ma(je (j,ls country great." site
gressman would deliberately study conditions that travel-j hj fceeo on znakttlB
expose himself to tile rigors i ling congressmen might cn-jlhe5e saerilces volf-jj t.8IJ! o$ husband would stay out all night repeatedly. Under
of journeys to foreign lands counter abroad, i really dread ( 01,;,eti as a martvr," terms of the property settlement, Mrs. Crosby wit! receive
unless motivated by a highlit.' j Like 1 always sav. it's won-1 eustodv of their two-year-old sots. David Lindsay, and $538
sense of duty. "You poor thing.' she j A&rhil to have att understand-! a month chilli support. She wit! receive $1,068 a month
My teenngs on tins matter : saia, turning on job vacuum i
AWARDED DJVOBCE-Kormer Las Vegas showgirl Bar
bara Diane Crosby, above, has divorced Lindsay Crosby,
son of crooner Hing Crosby, in Los Angeles Superior
Court. Mrs. Crosby. 25, toid the judge that her 25-ycar-
eteaner, "I don't see how
you can tear yourself away
(torn all of this."
"11 couldn't come at a j
HIGHER INTEREST RATES WANTED FOR
DOLLAR'S DEFENSE
It the Democratic Kennedy administration has its way,
the only place interest rates will go from here will be up.
The U.S. Treasury has abandoned its two-year policy of
holding down rates on long-term loans in the hope that low
rates would spur a maximum amount of borrowing and
stimulate the economy.
If the non-political Federal Reserve Board has its way,
interest rates also will go up in coming months. As of today,
though, the majority of our Central Bank's governors would
favor a more moderate rise in rates than would the ad
ministration. If both have their way, to you this would mean the price
of borrowing money for short or for long periods of time
would become more expensive in 1963-64. The higher costs
would hit the pocketbooks of borrowers across-the-board
ranging from the giant U.S. Treasury to states, cities, big
corporation, homebuilders and buyers, little businessmen.
The higher rates simultaneously would add to the incomes
of lenders of money, investors in new government securities
and corporation bonds.
This is not just a story of direct dollars-and-cents mean
ing to you. as a borrower, a lender or investor, though.
It's also a story which dramaliies lhe lortuous problem
the U.S. faces today as we try to defend our dollar in a
period of sluggish business expansion, high unemployment
and persistent dificits in our financial transcetions with
the rest of the world.
Throughout this entire business expansion now in its
26th month the Federal Reserve System has deliberately
pumped money into the banking system to make sure that
plenty of credit would be available for borrowers at rela
tively inexpensive rates. This is the first time it has followed
a so-called easy money policy for so long a period in an up
turn. It has done so because the upturn has been so mild
and it has wanted to encourage business and job-creating
borrowing. Throughout this entire expansion the Treasury
has managed its debt operations to keep a lid on long-term
interest rates loo. and for the identical reason.
But throughout this entire expansion we also have been
in ramtbtnl atruesle to control the drain on our dwindling
gold supply lo keep both domestic and foreign holders of
higher interest rates or superior ihvewucui ...-
Since 1950 we nave spen
are so strong that 1 have
volunteered to expose myj
own frail body to such an
ordeal so that I can see for
myself what our lawgivers go I worse time." i said. "They've
through. just delivered that fertilizer :
i
Proposed Ordinance
Regulating Freeway
Billboards Opposed
A proposed ordinance provisions that would afford
regulate signs along the free- some measure of protection
way through the city of Med-) lor property owners, business
ford will be opposed Thurs-iand billboard companies
day night by Dale HcarreiE of geared to outdoor advertising. ;
Pulver's Motci with a peti- fclmore announced at the
jug wife. But some of them for one year and S?5y a month for the next five years
understand too well-
unless she remarries. tUPf
Service
l KH tfc't liftttrtat tew wmt fcv ft
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B i tntf s? sst i taf- BK
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W. 1ST ATI, IHC.
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lion carrying many signatures
upholding his position, he an
nounced at the meeting of the
opening of the meeting that
he was retiring as chairman
of the committee due to a
tourist, convention and rcc- new business enterprize, and
reation committee of the that Snider would take over
the chairmanship for lhe re
mainder of 1963.
26 billion more abroad than we
Medford Chamber of Com
merce. Hearrcll said he would also j
attend the meeting of the gov
ernmental operations commit- j
tee to present the opposition's j
case.
Quoting from the city and j
county records, he said, peo- j
pie of the Medford and Jack- j
son county area voted in 1960
on Billboard Measure No. 15
and "upheld the billboards."
In Favor of Billboards
The vote in the county, ex
clusive of Medford, Hearrell
said, was 12,000 to 7.400 in
favor of billboards. The entire
county vote was ta.QOO to 11.
000 in favor and the Medford
vote was 8,271 to 4,103 for
the billboards.
Hearrell maintained thai
the mayor's sign committee
apparently had forgotten the
"people's voice of 1960" or
they would have proposed an
ordinance less restrictive of
wayside industries. He de-
cnrJKorl ll-io nrrtinajlip lo be
;ArA h iho council stat" j vacattoniand
Thrdv nlshl as a "dis- & support of State pro-j
Northwest Bell to
Provide Letters
Just 24 tourists a day in
Medford would produce rev
enue equal to an annual in
dustry payroll of $100,000,
according to J. H. Crcager, to-
eal Pacific Northwest Bell
manager.
To increase this flow of
tourist money in the entire
state, ApnJ 16 has been des
ignated at "Oregon-Welcome-
by-Mail-Day" by Gov. Mark
Hatfield.
Oregonians have been in
vited to become active par-
ticipants in promoting this f
S200-miilion-a-year tourist in-j
dustry by addressing and
mailing letters on April 16
to friends, business associates
and relatives extolling the!
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have earned abroad and we are still running a substantial j scrvice 'to !he traveling grams promoting tourism. Pa-
deficit in our balance of payments. 'public. "j ; y:
Our foreign creditors have taken S8 billion of this S28 , " Jobn!)y Eads, of Fcdcral Pared and printed a " come-to-billion
from our gold hoard. They've built up the S18 billion s, and sigmil Corporation Oregon letter wh.ch needs
t.. in .hrj.irm efatms astatnsi our soto reserve :u uiv;.Mik in nnnnsitton to tie or-) -" " -
iorm of cash in our banns ana u.s. lrcasui;
Any massive outflow ot tnese Datances ou
j; ,hi it would 'or mailing, copies win ne
i i! it mittinr. available free of charge at
seriously affect 23 million ,..,, ovn K.f&5. r.
sauare feet of property, it? 1 ' -w
million within the city and 4
million square feet of state
owned property.
; Regulation is Necessary
The professional sign com
fice.
Tourism is more suscepli-
hie to development than al
most any other Industry in I
Oregon, PNB's manager said, j
can sell its greatest product
scenic attractions over
devasling impact on our dollar, topple me nee wouu .
n...-ii .tructure Yet. the temptation for lhe money io
abroad where interest rates are higher is constant. At the
same lime, our low interest rates have been encouraging
foreigners to come info our markets, borrow dollars, take
. ii .jj 4 ih rf&ririi w tiv in our
lfte money norm- u.o i -- ----- - j lie i... ... boi1j ml ilai Qrceon
international accounts. And foreign money wh.ch might I paate, believe ttlat reSutaUon J P ti nrSt
come here if our rates were higher and tnereoy neip narrow js nccessary. Eads said, ana
the deficit hasn't come because oi the low rates. presented the Mayor's Com-
farod with the niehtmare of a sudden great with-; m;ttce somc concrete ideas
drawal of funds and the deep problem of restraining the i whjch would be effective and
week-to-week outflows, the administration tinany nas conic j air 0 ai) ,ntercsis. many oi
around to the classic textbook solution to keeping currency j them more restrictive than
at home when a nation's accounts are in the red: namely. iany in (he proposed ordi
high enough interest rates to hold money already here and . nancc
nrt mnrr foreittn investment as well. The Treasury, Apparently, he added, the
v,iif.ves the hishcr rates will not hurt the economy and it ; committee did not sec fit to
over again.
Kennedy To Visit
! Military Bases
Washington -'tiPfc- President f
fs counting on lax reduction to give dbbuksb a mcorporatc any ot uicih ih "-".r "
i J 'nnrntaiiu" ntih im rat(?S. (Kn nrHtflSIUH)
8 The fundamental answer to our balance of payments : Former Mayor John Snider White Sands. N.M.. and San
rfficii is not in the field of interest rates, of course. ; suggested that the proposed Diego on a tour of western
tit-inn la . vj . i . .. j i M.iiii.. mc:.ithiini in limp
It lies in getting our accounts into oaiance u "ok"-', oramance was pauenioi ; (m...jf IVtlt "
CXpOl IS. luiuuoj, tJ ,1,-1 chilli T,nr,nnA T..rfav (he PrCSt
' ,h trcc world's military defense and economic de- j sucn an ordinance may be j dent would attend graduation
increased flow of capital to the U.S..
the Portland ordinance ; The White House en
velopment.
ery good for Portland, which j ceremonies at the Air Force
But these basic solutions will tane time ana u ! is 3t tnc ena oi uie iuuvuuj Acaocmy r con ojn is
rrim thi Democratic administration has moved even tunn- for many travelers, it migtti June a, go to SI. bliss mat
toward tiie classic weapon oi iisnii.-i .6... , nol ue giwu w ..jw. ... jriigm. v
interest rates. What a switch in traditional positions.
mi
O-54.30-iiJ
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STAR GA1ERV
Bi- CLAi K- ruiaas"
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WHAT TO SERVE?
TO SERVE? WHAT
WHAT TO SERVE?
TO SERVE? WHAT
WHAT TO SERVE?
TO SSBiffiB wmat
MR 31
Pa
n 19-?i -'::
fe-37-5' 33
mat
j where travelers might be q ancj then Hy to San Diego
tempted to stop over night if ' i0 witness naval maneuvers
! properly welcomed oy signs. ; olf te GOast.
E Harry Elmore, chairman of .
the tourist convention and f
j recreation committee, repeat
ed that his committee had
gone on record favoring regu
j lated signs along the freeway
and urged as many members
i as possible lo attend the coun-
cil meeting Thursday night.
Several committee mem
j bcrs suggested that a counter
i proposal be presented, em
! bodying not only the regula
i lions agreed upon but certain
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