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i 'WEDNESTJAYT MAY1.1M3
MtDFOfllKMAIL'THIBUNr. 'MEPFOBp, OREGON
Sniage of Juan Peron Continues To Cast Dark Shadow Over Argentina
' rdilor'i'pof.i Fallowing
ih third -Jn Tla of five
Mtici nrpid b Phil Mew-
' torn. UPI foreign new anal
yst. after mekrng'' tour of
. balin AmeVib. ' ! '"
: :By. PHILJJEWSOM
DPI' foraign Nawi Analyst ,
. v Buenos Aire, Argentina -i
SPIl-'Thfs is a city 'that inuy
-b&.llkfiied' to :-a beautiful and'
sophisticated w (man over
whom 'too many men have
foucht. The waiting ir a vic
tor has made'heV cynical and
disillusioned and the poorer
for it.
Buenos Aires is the 'capital
of a. natlou which should be
among the wealtnicst in South
America." Argentina's land is
rich' and heir industrial struc-
Your Money'
Worth
'. ''. By SYLVIA PORTER .
Copyright, Halt Syndicate, Inc.; V '
V
r
'jajf-rpnCZtt JWOBKINO FOB HIGHER INTEREST BATES
. JJVilry' impofU'nt financial-economic force In this country
is now working to push Interest rates up uradually in 1963-64.-This'wlll.meah
that you, as a borrower of money, will
pay a higher price for the cash you want. The increases
may W- measured only, in 'fractions',, but on large sums bor
rowed fop prolonged periods even a rise of Vi per cent can
run Into blg-timo. money, ;J- ' '"'..".it- .
This Vill rnentv that you,! as an investor 'in new bonds
or mortgages, will st a higher price for the cash you lend.
Again, the increases may be measured only in fractions, but
fraction? can rnake an Impressive- difference In what you
earn on an investment Aver a long period of time. - ."-
The chances that interest i-ates will go down from . to
day's levels in the months ahead are next to zero. At best
they'll hold -within this year's range. The greater proba-;
Ability. Is that they'll; climb gradually from today's levels because-
- '' -',' :- '.: '" - '
CI) The economy Is perking up and this indicates a ris
king demand from private and public sources for funds to
finance , business . expansion and. modernization homebuild-'
tm;kmd. homebuylng, installment purchases, vast variety
-of lf her-projects. There's, plenty of credit available in our
commercial banking system rna in savings, institutions now
to meet foreseeable demands.) There's no doubt that credit
.will be available for legitimate projects. But as the de-
mand for money -climbs to meet the supply,- the pressure
will be for a Tise in the price of money. This always has
been the pattern. 7; . . j . ( ; . '. "' : v7 J
(2) Th Treasury will hav to finance a hug deficit
t ,ln th federal "budget in coming months. Just in July-Da-'cember
1963, it will hv to borrow batwaan $11 and
; 13 billion, an enormous ink by any yardstick. As
- th Treasury taps th market with its borrowings, it
obviously will absorb an immense amount of money and ;
this factor will help till Interest ralas upward. . -
;' f3) While the Federal Reserve System will continue to
stipniv funds to the banking system In order to avoid brak
ing the economic advance, it will not "over-supply" the sys
tem, ' Flooding the money market with- funds in a cycle of
expanding businet could lay the base for another Infla
tionary spurt and this evil the Central Bank will fight with
all the weapons t its -command,- - .-.
(4) Both the administration and the Federal' Reserve Sys
tem agree the deficits of this period should be financed in the
least inflationary way possible - which means borrowing
hs much of the money as is feasible outside the banking
system. To appeal-to non-bank Investors, the Treasury well
may have to pay gradually higher rates on the securities it
offers. It already 1 navlnff close to 3 ner cent for Qu-dnv
-'' tuafHYOVcr per cent on tU long-term I.O.U.'s. It U distinct
possibility that in the future it will increase the rate it pays
on Its savings bonds from today's maximum of 3 per cent
.to, say, 4 per cent, in order to attact more funds from little
. investors. ' .. , ..j.. ,. ,
(5) The administration' and the Federal Reserve System
also agree that pur Interest rate lovel is crucial weapon
in the battle to curb-the outflow oi gold, preserve the value
of the U.S. doller, Because for years we have been spend
. 'ing so much more abroad than we have been earning abroad,
'ciuif iorwign, creditors have built up tremendous ;hcrt-torm
''balances here which-they, oan send abroad at will and turn
' into sold. To keep our creditors willing to maintain their
balances in short-term U.S. securities, the interest rates on
those securities 'must be 'high enough to appeal to our cred
j'itork) and Washington recognizes tils.1( j fl( : ,'
' (6) Aiiumlng sUbs'taiitUl lax cuts r votad and thaia 1
- add new vigor lo out1 economy, ih Federal Reserve
( '. System will have much more freedom to act to control,
i ' the money supply In order to combat inflationary tend- ,
' en'cies and io nudge Interest' rales toward levels deemed '
desirabl to protect our gold supply and dollar. ;
: JJrf great 'tipsUrge In interest rates' Is In sight. - No repcti
' tion of '1959'g money -squeeze -when the Treasury had to place
,-it "magic .5 per , cent" coupon on a note, to sell it is on the
,))brizon,,.'- , , , , . t i ' : ! . ,, ' '
But not one force' Is' 'operating, now to push Interest
' rales down. Rather, pll appear lo be moving In the opposite
direction. The message to borrowers and to. lenders is clear.
lure 'one of the most highly
developed on the continent
But Argentina Is in the
throe of t revolutloh which
began nearly eight years ago
with the overthrow of (he.dic
tatorship of Juan D. Pcron
and Whose end is not yet in
sight, ....-
The Image of Pcron still
casts a long, dark shadow
across ' Argentina. - .It finds
physical expression in a bit
terly anti - Peron military
which neither rules nor per-
CHEMICAL GOLF ,
Chicago -lUPU- A concern
here sells a chemical "for
spraying on golf balls. The
company claims, the, chemi
cally-treated balls travel up to
30 per cent farther. The chem
ical ."reduces dragging effects
of electrical particles in the
air," according to the com
pany... ,i .. . . "
;m its others to rule. And it
finds expression-,ln , "two mil
lion Pcronistas, deprived of a
leader; but -given no one in
return, left in a -political vacu
um from which they now plot
his return either by bullets
or the ' ballot tbox.- - . "- -'
And, as Argentina's econ
omy stagnates, there Is among
her 21 million people a grow
ing doubt that. either the mili
tary or democratic processes
Subscribers r .
To report Improper or non
delivery of the Mali Tribune in
Medlord. phone 7Z-H1; Aih
lnd call at 4 IS Bridsa St., or
phone - 483-3002: Yreka, phone1
Victory 2-2808 before 6:45 pjn.'
dally and 1030 a.m. Sunday.
If resular deUvery arrivea
ahortly after -you can please
notify office, thus elimlnaUng
peclal maaaenser lerVlca.
can prpvlde their salvation.
This, is one of th tragedies
of Argentina that It could be
lost to the .Western Hemis
phere democracies only be
icause'it .could' find no substi
tute for dictatorship. '
Misleading Picture .
Buenos' Alres, lying along
the broad River Platte, has
art enduring -beauty. And the
first Impression U of wide,
landscaped avenues,-' of automobile-filled-streets,
of mod
ern hotels and of children at
play in green parks.
It is' a picture of well-being
and of a people at peace with
itself. And yet in a sense, it
is as misleading as Holly
wood set. Behind It all is am
ple evidence .that all indeed
is not well.
There is the expression of
deep cynicism from among
the people. From the hotel
doorman .. who , uses, a; rude
Spanish expression to de
iscribe a "revolution sis only
the maneuvering t)f ambi
tious officers in the navy,
'army or1 air force.,-And from
the housewife who. put off
her shopping until noon "be
cause by then, the revolution
may be over."
It comes also- from the 15,
000 Argentines who seek each
month to leave their crmntry
and move to the United States.
Symbol of Unrest
And it comes from such a
one as Carlos Marchionda. a
house ' painter, -
Marchionda is 40. has a
wife and small daughter. He
has a dark, thin face 3rd an
expressive mouth.
He is on a contract job,
which means that he uauvs for
his own paint. Since he start
ed the Job, the price of a can
of paint has gone tip 200. pesos,
or about $1.25. To Marchionda
this is important money; he
is one of approximately one
million in Argentina who ei
ther are under1 employed or
unemployed. Like many' oth
ers, Marchionda works two
jobs to make ends meet.
He and his family live with
a friend. For Marchionda also
is among the million and a
half for whom there is ho low
cost housing. : ;
Marchionda dislikes the
government and, while he
says he is anti-Peron, he says
he would vote for the Peron
Istas now-
"Maybe they stole but at
least they let us live."
Marchionda personifies the
problem faced by the men
who are trying o build a sta
ble democratic government in
Argentina.- He and. millions
like him are unable or unwill
ing to see that the; country's
economic ills today are in
great nieasure the harvest of
the orgy of spending and pay.
Increase (hat iPeron decreed.
Peroii gets the credit for 'the
pay increases, 'and his' succes
sors the blame for the conse
quences, .
Military' At Odds
, Within Argentina's military
forces" are two factions -the
"Blue" and the Red," who
also are known as "Colo
rado.'' . ; ' , I "
. The Blues demand a return J
to constitutional 'government
and Immediate elections.
The Reds favor" a five-year
period of military rule in
which lo "re-educate" the vot
ers. . '
The Blues led the April re
volt against provisional Pres
ident Jose Maria Guido.
On the other side are the
Peronistas, who now seek to
regain at the polls the respect-'
ability and dower- they had 1
tinder Peron-and if not at tha
polls, then by revolution.
In between the opposing
military and Peronista forces
are the hopelessly split polit
ical parties.
And victim of them all I
President Guido, who- would
like nothing better than to re
turn to his country law prac
tice in his native town of vied- -ma
in Argentina's barren Pat
agonia. 7 . . ,
"There is ' nothing wrong
with Argentina," one Amerl- '
can here observed, "that polit
ical stability won't cure."
TOIL TO BURN"
' Mobllheat '
. S t H. Green Stamp
MEDFORD FUEL CO.
772.2'iU
S BIG DAYS
May 1-2
3-4
and '
29c
WHITMAN -
COLORING
BOOKS
41.00
VMM
' S6: ANSCO FILM
FISH BASE pack 10U
. FERTILIZER 'Ipm'..
- REG.!..1.49 . ' "'
. i BEACON SHEET 15c , : ..
3. ' BLANKET n,e
o76 CLOTHS ;
& ' " v -12 FOR
Store Hour
Daily
9 A,M. to 9 P.M.
. Sunday-?
10 A.M.
lo 7 P.M.
1.08
CORICIDEN
25 TABS.
: COLD
TABLETS
CONTAC
If COLD i
CAPSULES
- 'I 10 CAPS.; .
S&J MAH.2I
mm.
STAR GAZER
Pr,CAXR..PpLLAN-
'APR. II
OfiMHI,
cutat
taJUNS J
0!
UO
. JUtY
AUG. 33
7-1MS-31
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10 Tr,
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Your Daily Activity Gufd , M
According to Ih Start. H(
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ttoa words corresponding to humlwr ''
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I. 9-30-54-1
14 81-8551
UOITTASIUS
4-15-JM4.fi
53-87.8914
CANKOtN 1
MC'"'
JAR VVI
BIJ44iJ7fn
bi 67-72
iJAN. 21
us. n
3- 4-19.227V.I
wf-oiye
MAH3I ! .V
l6
Pfagued Day And
Night with Bladder
Discomfort?
'w:-y.
tJnwiial unlitiB i drink In mav it
tnorn of QiiM. hul ankoiriiiB HtMr Ittl-
tifiiH- riikitt yo tnl r'.l, tn.'
Hid iiitwimrortukr. And If roalltM ntrtte,
t ith tmrtipf bi.rltfcha, hf.lrh or mtt
(tuleireiRiiMiiridfaalniitutIoowxrtltin, Urn In or t-mtn Jrii u)t, are nrftlinr to
l i.
' -h, in i'ilar acli-a anil paint. S - A
tomft-tfu'lv ml?J .liiirrllii a-ti.,11 thru tha
lilnN l ril'iig to InerraM Ilia output of
lha It n'lM er kjiinry tuhM. So, r-t Iha
foma Iw.ri'y Mill mlllloap hava aniorad
It ova, art jtam I r oonnlaac. bur
ahiariafti.(.(Uvatt'aFilbtcrl
GAS TEACHINO
New York -HW-'More (hen
83 per cent of tlie ranges used
for cooking Instruction in the
nation's home economics class
rooms ar -gas-operated, ac-
cortllns to study by the Gas
Appliance Manufacturers as
sociation. The survey involved
some 22,000 ranges i'.i t-diools
throughout the country.
BOWLINO FAMILY
St. Louis -WPtl- Helen Hoeh
le, Arlene Huff and Carol
Koppelmann, mother, dauglt
ter and grandmother, bowl on
the same team on St.' Art-
tnony s lanes. . ; ,
kLa ar"a. . I DBrnif I I " a a .11
-TVaW ' ' I rui urtntt II w:.l I I
1 1 1 ! f ! h HA . Ssv) 1 2 Hl! daiw ration-l
11 I kV J If J : , lX VJJ jJ l Mr. If?'"0! E JM MULTIPLE VITAMINS f
1 r. A -w A, Si fill 1321 ilrwy 100 c.D, ,nft J
111 S V A J I I f f.lflA KiBaiitl..' -a d.,73 ..i
lAV I I II 1.1111 ; ' ' la-MM- J
r. GZZZ&r TOOTH PASTE B Jz- C CR CQT
'MUM -"grffl.'-sW.-T TOOTHBRUSH g I PASTE fS" ,r
1 An" ' . -.--tjjV.ta.r a-JTL . u , ''iM rC 1 An IWi CRYSTALS .,
v loo Jmzti w ust .
loo I gBBi; - : hosiery J jbe, ty s
' 3 7 V, Untenditionallr 4J l.UU
AXON v I 1.79 PHOTOGRAPH ALBUM 1.00 jj& Gu"tn MEN'S RIGHT GUARD
va?S 1 2.77 WEATHER HOUSE BAROMETER 1.00 .f 3 $ B,LLF0LD DEODORANT VoAT
100" I 1,49 STIC DECANTER aalc,tV 1.00 'M,ol ' S'l.OO 2 or100 vod
1.00 TUSSY WIND 8, WiATHtK LOT-IISN - 21a00 XQQ 'ffylC , ' 1
CarSi I 1.49 STYLE HAIR SPRAY 1.00 V U JMliLJl)SS 'BATH TOWELS : : 1 00
Bile Salts j 1.99 ICE CUBE TRAY alum,NUm 1.00 ZTA if
I 1.29 HALO SHAMPOO 1.00 TW CANDY j 2 M poI
1 1 "WW I m i.u t ill lea HHIIe HAIR SPRAY I.UW J I .. DULDO I --S. ' k ADC jW LTl I " I
house 1MB J,; S1L I c . I
I 1.25 II law IIIHLIO HAIR DRESSING.:.: '... ' l.UU M l A ' 77 .'' . . J '. V fJ GARDFN , IT I r'r05,,oriei I
!& Vy.''yj niy i' ' & -.3 M 1.00
I"" (YffoSA l W :r'jiXmf l.UU Leg, WSEL
I fta.. I.M .. .1 ratJf Mi ' - f.J Joeinmg . , UNBREAKABLE - PLASTIC I - IT I M Hi H I 111 II III I eaa.fa.si
HOT'" I00 Tl I -fW aV"" GOLF TUBES V vCSr Q-"&f7VjYff I -jaa"
.WATER: jC3ffl-i W -vNrj 1.00
;! ; BOTTLE , ML : 1.00 ;6, loo.. ; A; i
m -wuniiauii r f v.nyl PRIUt .rrw web' i
LTABLETS. 1.00 ,S 'aS DE0D0RANT 'Sfei: 1.00 :
; RftM nmT CMZ I VH0SE . IT, 1 d
I173 'UU O for ?J- I I '4 1-UU; Ifc n!SSV- sunset
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r "1 I f-ASH flViW&t lU0ENS . .. , I for eSil TAPE
MINTS ' IAll-vvt ia f ll 1 gum drops BRA rlV A' ttE deooor v j aa
(ftrKJ ii I enjMi -orr,CK - i , - I too
i l"' 'i . . . i I ruiTMtj
j 2 BOXES VS! 4 PAIR
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