o
MEDFOHD MAIL TRIBUNE. MEDFORD. OREGON
FRIDAY. AUGUST 30. 1963
SWORN IN - Howard Jenkins Jr., 48, of Denver, is sworn
in as the first Negro member of the National Labor Relations
Board by Supreme Court Justice Arthur Goldberg. Jenkins,
a Republican, is a former law professor and specialist in the
field of labor administration. He succeeds Philip Ray Rodg
ers, now GOP counsel for the House Labor committee. Cen
ter is Gerard A. Brown. (UP!)
Your Money's
Worth
By SYLVIA PORTER
Copyright, Hall Syndicate, Inc.
WHAT IS DOLLAR DEVALUATION? V
(Last in a series of 5 columns)
In Washington this Sept. 30, the Finance Ministers of
I he free world will convene for the most crucial interna
tional monetary meeting since the 1944 Bretton Woods con
ference the historic meeting in New Hampshire at which
the United States led in reconstructing the war-devastated
financial structures of the West and in creating the great
International Monetary Fund and World Bank.
At Bretton Woods almost 20 years ago. the dollar's
power was at the core of all discussions, for only our
rurrency was strong enough to become the pivot of the
West's economies.
In Washington next month, the dollar's weakness will
he at the core of all discussions, for just because we have
sent so many tens of billions of U.S. dollars abroad to
build, rebuild and defend other nations, we have progres
sively undermined the dollar's enormous power.
Therefore, for the first time, the delegates to the In
ternational Monetary Fund's annual meeting next month
will openly debate whether and how and when the mone
tary structures set up at Bretton Woods should he "'re
fined" or "further developed" to take the load off the dol
lar and provide the additional credit which will be essential
in the years ahead to finance a rising volume of world
trade.
There is no "instant gold" solution to the problem that
has hit us because we have been spending so much more
abroad than we have been earning abroad year after year.
We cannot solve the problem of our dwindling gold
supply by doubling the price at which we officially sell
gold to qualified foreign owners of dollars, thereby
giving ourselves a 100 per cent "profit" on our gold
reserve and twice as many metal dollars with which
to meet dollar claims against us.
We cannot expect to end the deficit in our balance of
payments by devaluing the dollar in terms of gold and
other currencies, thereby theoretically making our exports
of goods and services much more attractive to foreign
customers and imports of goods much less attractive to
U.S. consumers.
The theoretical advantages of a unilateral devalua
tion of the dollar simply do not hold up even under su
perficial scrutiny.
In the words of Treasury Undersecretary Robert V
Roosa, "Raising the price of gold by devaluing the dol
lar would certainly be followed by similar action on the
part of other countries" (wiping out our advantage at once),
and "the world would be left without a major currency,
generally acceptable as a supplement to gold. That is why
most serious consideration of international monetary re
form has long since dismissed devaluation of the dollar
as a practical possibility.''
In the words of Federal Reserve Board Chairman Wil
liam McChcsney Martin, "It would immediately spell the
end of the dollar as an international currency and the
beginning of a retreat from the present world role of the
United States that would produce far-reaching political as
well as economic effects. It would invite the disintegra
tion of existing relationships among the free nations that
Rre essential for the maintenance and extension of world
prosperity and even world peace."
The U.S. now is acutely aware that a failure to
slash the deficit in our balance of payments will have
disastrous consequences. We are launching a major
drive to expand our exports, even though we already
Rre running a $4.3 billion a year surplus in our lrade.
We are cutting down on foreign aid spending, other
types of overseas spending. We are raising short-term
interest rates to encourage foreign holders of dollars
In keep them invested and on deposit here and to en
courage U.S. lenders to seek borrowers here,
The White House is pushing a "penalty" tax to dis
courage U.S. investors from buying foreign securities and
thus adding to the outflow of dollars. We are insisting that
most foreign aid funds be used to purchase U.S. goods and
services. We are promoting tourism in the U.S. to close the
gap between what U.S. tourists spend abroad and others
spend here. We have created an unprecedented system of
technical defenses for the dollar and, in close cooperation
with the central bankers of other nations, are improving the
defenses from month to month.
But unilateral devaluation of the dollar? Forget it.
Adult Education Programs Are Asset to Community
By DAVID NYDICK
UPI Education Specialist
Adult education programs
are a valuable asset to our
society.
They allow individuals to
pursue personal interests with
expert direction and instruc
tion. Adults participate for
many reasons: to obtain a
high school diploma; to obtain
a better position; to better
enjoy leisure time; as a social
activity. There are many op
portunities to study cultural,
recreational, academic and
business subjects.
The adult who completes
his regular education and is
now employed soon finds that
there are many areas about
which he would like to learn
more. He makes an excellent
student since he has a genu
ine interest in learning.
There are many community
agencies sponsoring adult
programs. You should inves
tigate the many fascinating
possibilities.
Question:
I am inquiring about the
availability of an adult edu
cation course, in art, for a
group of young parents. We
have checked with our local
school system and find that
they do not offer any adult
courses. We are willing to
travel a reasonable distance
but do not know how to lo
cate such a class. How should
we go about solving this prob
lem? Answer:
Adult education programs
have expanded rapidly dur
ing recent years. There are
several approaches you might
follow. Check with neighbor
ing school systems, nearby
colleges, libraries, and mu
seums. If these institutions
cannot meet your needs, try
to arrange the course by
yourselves. This can be done
by contacting the extension
division of a college. You pos
sibly could make an arrange
ment with an art teacher
! from your local school system
You might also perform a
community service by rc
' questing your local board of
education to organize an
adult education program. If
there is sufficient community
interest, the board of educa
tion may arrange such a pro
gram or at least permit the
use of school facilities by
! outside groups.
Question:
I am interested in taking
several college courses with
out enrolling for a degree. I
am a high school graduate.
Is this possible?
Answer:
This depends on the college.
Some institutions permit in
dividuals to take courses with
out credit or as special stu
dents. You should inquire at
the college admissions office.
Question:
My neighbors would like to
improve their ability to speak
English. They also wish to be
come citizens of the United
Slates. They have asked me
for advice. 1 helped them com
plete the proper applications
SLATE MEET
Portland -lUPD - The Oregon
State Conference on Alcohol
ics Anonymous is to begin a
two-day meeting at the Port
land Hilton here Satnrdav.
for citizenship, but I don't
know where they can obtain
the necessary education
courses.
Answer:
Your local school system
should be able to assist your
neighbors. Contact the board
of education or superintend
ent's office. They generally
sponsor citizenship courses
for adults or will be able to
direct you to the nearest sys
tem which does. The courses
are usually free, although it
is possible that a fee will be
charged.
You can also check with
the office where the applica
tion for rilizrnship was filed.
A 3
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DOWNTOWN MEDFORD
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for
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BIG BUYS GO ON SALE 9:30 a.m. SATURDAY!
SORRY: NO PHONE OR MAIL ORDERS!!
TERRIFIC VALUE!
Hall or stair
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Terrific value . . . rayon tweed pil
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24" by 144" size 4.88
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244
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Big 72" by 90'
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Bedding . . . Penney's Street
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388 VKio
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ra warmth, life- m.
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EMBOSSED
COTTON FLANNEL
ROBES
250
Dashing dusters in embossed,
washable cotton flannel, glam
orized with prints! Lovely
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BIG BUY!
WO'S CHENILLE ROBES
Cozy warm, machine wash- Only
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blue, red, coral size 10 to V
18-40 to 46. JJ
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50 only,
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75 only,
6 only,
3 only,
100 only,
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IS only,
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40 only,
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70 only,
18 only,
144 only,
23 only,
12 only,
Wo'i Better Nylon Sheer Robes 2.00
Jr. size Party Dresses .....7.00
Spaghetti Strap Sun Dresses . 3.22
Misse Better Summer Shifts . 3 88
Misses Cabretta Lei. Jackets 18.88
Misses Wool, Lim. I. Coats 13.88
Wo'i Cotton House Dresses ... 1.00
Misses Cotton Roll-Si. Blouses 1 .50
Misses Corduroy Ank. Tapers, 1.88
Misses Wl. Ankle Pants, 8-1 6... 77c
Wo's Bulky Swetaers, soiled 4.22
Misses Bet. Lam-Fur Sweaters ...5.00
Misses Pastel Blouses, soiled .1.50
Misses Wh. Orion Sweaters, si. ..97c
Misses Denim Ankle Tapers 99c
Misses Bet. Blouses, damaged 99c
Slvls. Orion Bulky Sweater 50c
Zipper Cardigan Sweatshirt 99c
Soiled White Bulky Sweaters .2.88
Wo's Summer Blouses.. 25c
Maternity Short, Slacks, Tops 50c
Wo's Cotton Ankle Pants 50c
Wo's Shorts and Jamaicas 25c
Wo's Summer Hats 1e
Nylon, Cotton Full I Half Slips 1.44
Strapless Bras, soiled 99c
Rayon Acetate Petti Pants 66c
Shift Robes, sizes 12-14-16 . 2.99
Wo's New Fall Skirts 5.00
23 only, 2 Pc. Cotton Bath Sets 1.22
2 only, 5x6' Cotton, Foam Bk. Rugs 3.66
6 only, Skirt Lengths, Inc. Pat. & Zip... .10c
50 Spools Ribbon 75 OFF Reg. Price
25 Yds. Spring Washable Woolens 99c
30 Yds. Schiffli Emb. Cotton Batiste 1.22
50 Yds. Better Upholstery Fabric 1.66
62 only, Tier & Valance Sets .1.50
20 only, 21x36" Nylon Bath Mat, si 1.99
35 only, Cord, Fm Fil. Throw Pillows 23.00
5 only, 27x48" Nylon, F. B. Scat. Rugs 3.66
60 only, 60x76" Plaid Sheet Blankets ...1 .00
7 only. Early American Bedspreads . 4.99
18 only, Electric Blankets, full size 10.22
2 only, 9x12' Room sz. Rugs, beige 24.88
3 only, 180x84" Bamboo Drapes .. 2 50
4 only, 96x84" Bamboo Drapes 1.50
8'x6' Slat Bamboo Blinds 99c
Bamboo Valances 25c
120 New Fall Skirt Lengths 1.00
81" x 108" SHEETS
Limited Quantity
Durable smooth 128-count muilm
sheets, famous for extra wear . . .
long fiber cotton with strong
selvcdgcv
42"i36" Pillow Cases .. 250e
a27
30
48
10
80
8
40
28
10
5
50
18
8
14
24
100
50
1
1
6
24
57
18
50
only, Men's Slacks, orlon, wool 6.88
only, Men's Ties, stripes, slds, pins.... 50c
only, Men's Knit Shirts, cot., nyl 2.88
pr. Men's Hose, ctn, nyl., wl. bid 27c
only, Mens' Slacks, 100 wool, 3.88
only, Men's Cotton Slacks, 29-30 .. 2.00
only, Men's Slacks, sm. wt., 28-34 ...1.00
only, Men's Shirts, 100 Ct, Sh. SI...1.00
only, Men's Straw Hats, Fash, Con 50c
only, Men's Swimsuits, W. Sh, Jam. .. 47c
only, Men's PJs, Plisse, Short sleeve 1 .50
only, Men's West. Work Straw Hat 1.00
only, Men's Straw Hat, plastic visor ... 50c
only, Men's Straw Hat, Conv. W. S. 50c
only, Men's White Shirts, sh. si- 2.00
only, Men's Jackets, nylon quilt 8.88
only, Men's Sport Coat, wol, 42 sh. 7.00
ony, Men's Ski Parka, unl. 100 ny. 2.00
only, Men's Suits, Sum. wt., Bk. sz.. 9.00
only, Men's Suits, 100 wool, 38.00
only. Men's Suits, Twncld., GloBal 48 00
only, Men's Straw Hats, West, dress.. 1.77
only, Men's Caps, Golf & Fish, style ... 50c
I (TfTTyfi I
60 only, Boys Cotton Pants, U. G. & C. 1.88
50 only, Boys Shirts, Flannel, Bk. sz. 1.22
20 only, Jr. Boys Shorts, Sz. 2-8 12c
30 only, Boys Swim Trunks, Wk. Shorts 27c
15 only, Boys Jeans, 1334-oz., 14-16 . ..1.66
20 only, Boys T-Shirts, 100 cotton 42e
12 only, Boys Briefs, 100 cotton 38c
8 only, Jr. Boys Jackets, nylon quilt .. 6.88
15 only, Boys Jackets, nylon quilt 7.88
12 only, Jr. Boys Shirts, Ray.-Cord. L.S. 1.50
20 only, Boys Cords, U. Grad style, ... 2.88
40 only, Boys Und'wear, T-Shirts, Brfs. 3$l
10 only, Jr. Boys Suits, Cord. Jacket . 2.00
3 only, Boys Slacks, acrilan-rayon, 14 . . 3. 00
75 only, Waterproof Pants 31.00
100 only. Cotton Training Pants, 1-3 25c
30 only, Print Cotton Crib Blankets 1.50
1 only. Early American 4-Dr. Chest....19.00
25 only, Plastic Waterproof Pants pr. 9c
10 only, Innerspring 42 Coil Crib Mat. 8.00
5 only, 6-Yr. Hardwood Cribs 20.00
12 only, Crib Sheet Sots ..87c
9 only, Infants leather Shoes 1.11
18 only, Plush Bunnies 47e
75 only, Girls Orion Card. Sweaters . 2.33
84 only, Girls Taffetized Cotton Slips... 88c
30 only, Girls Cotton Knit Pajamas 1.50
12 only, Jr. Girls Cotton Knit Tops 72c
5 only, Girls Summer Cotton PJs 66c
100 only, Girls Cotton Crew Socks, IS
1 onff, Infant Girl Str. Swimawta......3S
10 only, IWwffent Slios ...XM
97 onty, GMs ft Knit Patti Pant 44c
120 only, Girt Rayon Brief Penliei 41 00
77 onhjv Gwt Cffon School Onst- ..1.9
47 anty, Girt Coton School Oratwx .. 2.99
142 only, GirW fton-run Nytee, Tifhts ...1.79
OUTSTANDING
Special Purchase!
FUR BLEND iod
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See classic cardigans and
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All superbly shaped! Stock
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Colors galore' Sizt: 34 t
42- a.
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15" ZIPPER BAGS
Cram it full ... it zippers tight!
Made to lat of sample fabrics,
Vachette vinyl. Resists . water,
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Pamur'i 1h luy!
66
alus federal
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1 onty, Wo't MiNail Bawty Cane, wh. 1.8
3 only, Wo's PuHman, Wh. ft Km ...It.M
1 onfy, Ai CaJrt, 2-at. ICsJ an. H... 9.81
1 er, Un, JO-iiwd, 1 speed 12.84
1 w!y, Utility Tables, 17" ft 19" 4.88
17 Mly, LHMags, soft lido, Dm. ft CI 6.00
1 cMy, Portable Barbecue, 14" grl 1.00
1 only, Wo's Dress Carrier, Plaid, -. 4.00
4 only, Sleeping Bag, acetate fiber fill .4.00
3 only, Air Mattresses, hv. ga. pi. 1.00
4 anly, 6 Transistor Pk. sz. Radio 10.88
JO only, Mens Schick Compact Razors . 9.88
Ol only, 58-pc. Set Melmae Dinnerwr. 14.99
42 pr. Full Fashioned Nylon Sup. Ho5 ,,99
2 only, Vanity Case Hair Dryen 16.88
: L