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About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Nov. 13, 1963)
H 'I. MEDFORD MAIL TRIBUNE. MEDFORD. OREGON WEDNESDAY, NOVEMBER 13, 1963 1 1 Your Money's Worth By SYLVIA PORTER C yttflit. HaU SyWktM, Im. $600 BILLION MILESTONE wiui a tax cut, the U.S. economy will be turning out goods ana services at an annual rate of $608 billion In the first quarter of 1964 and at a rate of $620 billion in the second quarter, Treas ury becretary Dillon predicted in a matter-of-fact presentation to a House committee the other dav. Without a tax cut. he said our economy would grow to a size of only $603 biUion early next These unusually orecise nmWHnne from tration official were duly reported by the press after Dillon testi fied and that has been all. That's all? To dismiss with a newsprint shrug an official fore cast that the United States wiU be sailing past an historic eco nomic milestone in just 60 to 90 days from now? This is too complacent an attitude for me. When we reach a gross national product of $600 billion, we will have touched a nmesiune, acmeveo. a size no other nation ever has approached To put this in perspective: It means that in just the past three years, we will have added $100 billion to our spending on goods and services. When the Kennedy Administration came Into office at the bot tom of the last recession in early 1961, our GNP was $500 bil lion. Now. at the start of his fourth years as President, it will be topping $600 billion. It means that this economic advance, already in its 33rd month, is a cinch to become the second longest peacetime expan sion in over a century. If the tax reduction spurs business as anticipated, this rise well may live through 1984, challenge the u-momn advance ot 1933-37, for the record of the longest peace time expansion in 110 years of our historv. It means that this time private enterprise Is taking over the job of spurring our growth, for the expansion in recent months has been fed not by skyrocketing federal government spending but by steady, solid increases in private business and consumer spend ing. Buoyed by record personal incomes of more than $466 billion a year, consumers have been hiking their buying month after month. Buoyed by peak profits and tax incentives, businessmen also have been hiking their spending on new plants and equip ment to a level now 8 per cent above that of a year ago. Federal government spending hasn't decreased and thus been a brake on our economy, but it has not been the big force in our economy's performance this year. An obvious question at this point is "so what's wrong?" Isn't a $600 billion output "sizzling" enough? The answer is that even a $100 billion growth in three years is below our potential and it has not been enough to solve our problems of surplus manpower and surplus production capacity. For 72 consecutive months, our jobless rate has stuck at 5 per cent or above. Right now it's at an overall rate of 514 per cent and the jobless rate among teen-agers is at 15.4 per cent. What's more, we face explosive problems as young workers pour into the labor force at the fastest pace ever and older workers are displaced by automation at the fastest pace ever. Our factories are operating at 85 per cent of capacity, higher than at this time in 1962, but this is still 7 points below the com fortable, profitable rate of capacity for U.S. industry. After-tax corporation profits are running at an annual rate of $26.8 billion, up 40 per cent from the recession low. But this is well below the $30 billion of after-tax profits that corporations would be making if our economy were operating at normal capacity. Just attaining a new record isn't enough, for all this funda mentally signifies is that we are not slipping back into a recession. The President's chief economic adviser, Dr. Walter Heller, puts the question in a form which implies the answer: "Are we grow ing fast enough to make full use of our growing brain and muscle, our growing productivity and labor force?" Despite the milestone of $600 billion no. Adventist School Plans Construction Of New Gymnasium Students of Rogue River Academy, Seventh - day Ad ventist denominational school on South Stage Road, will begin a campaign this week to raise funds for the construction of a new gymnasium on the school grounds. Schoolboy Hero Gets Silver Cup But Loses Shoes KUALA LUMPUR, Malaysia (UPI) A schoolboy hero had his silver cup for bravery today but was still looking for his shoes. Yong Peng, 18, was awarded the cup by his school for diving into a flooded house and rescu ing 13 persons one after an other. He had left his shoes on a railway bridge as he went about his rescue task and someone stole them. To spark the opening of the campaign a field day in which the students will sell Mason Candy Company confections in the community has been set lor Thursday, Nov. 14, according to Max Boicourt, school principal. The students have been with out a gymnasium for the past five . -"irs since the old two story frame school building was torn down, and construction be gan on a modern one-story building. Overlooks Valley The new building, which is of wood and block construction, with white rock roof, overlooks the Rogue Valley with one en tire side of windows. Completed ATHENS, Greece (UPI)-The Greek royal court formally an nounced Monday night that Crown Prince Constantine and Princess Anna Maria of Den mark will wed "after Aug. 30, 1964." That is the princess' 18th birthday. to date are seven classrooms, a UDrary, principals office, in firmary, and cafeteria. A Path finder clubhouse, located on the school grounds, is used for a music room. The cafeteria was the last room to be completed, and be gan operation in October this year under the supervision of Mrs. George Beltz, who previ ously directed the food service in the old building. The new cafeteria includes a large grill walk in refrigerator, attached storeroom, and revolving salad deck. Has 10 Grades The school accommodates 10 grades with an enrollment this year of 191. Transportation is furnished by three school-owned busses, and pupils attend the academy from Ashland, Cen tral Point, Eagle Point, M e d ford and Shady Cove. Four XIA Agents' Executed in Cuba HAVANA (UPI) The Cas tro regime Tuesday executed four more Cubans identified as "CIA agents." They were captured while try ing to land from an armed boat which sailed from Marathon, in the Florida Keys, the official announcement said. The executed men were iden tified as Antonio Cobelas Rod riguez, Orlando Sanchez Saraza, Juan M. Milian Rodriguez and Jose S. Bolanos Morales. The announcement said they were captured by air force men. Today's executions brought to nine the number killed by firing squads in less than a week. Five men were executed last Friday after being charged with Killing a Castro militiaman. Teachers and students, who have been attempting to carry on an adequate physical educa tion program without gymnasi um facilities, are enthusiastic BIG WOOD USERS NEW YORK (UPI) - Facial tissues are a gift of the trees products of wood, that is. Pa per plates, the paper on which you write notes, the paper cit ing your balances due in the mail the first of the month also como from trees. Paper, at any rate, is some thing we Americans use to the tune of 457 pounds a year per person. The American Forest Products Industries, an associa tion which counts such things, figures that if you used no more paper than for facial tissues in a year, you would have used 11,773 average-size packages to consume your 457 pounds. That's a daily use at the rate of seven sheets per minute. over the new building and plan to sell 6,000 boxes of candy to get the campaign under way. BuiK oi tne construction funds will come from members of the four Valley Seventh - day Ad ventist churches, with some as sistance from Oregon Confer ence denominational headquar ters, but students will be work ing on a number of projects throughout the year to share in the program. According to Boicourt, the gymnasium will be built to also provide an auditorium accom modating approximately 1,500 people and will be used for school, church, and community programs. B 5 k Heater & Furnace Repair it Sales & Service JACK HALL 772-6181 482-3950 If YOU step out of the picture Ellsworth J. Robison Ph. 664-1433-5145 Dobrot Way, Central Point . . . would the Income from your present life insurance en able your family to live the way you want them to live? Let me check your program. Call me today. Representing WOODMEN ACCIDENT AND LIFE COMPANY Girl, 14, Who Fled Hospital Returned; Undergoes Surgery CLEVELAND, Ohio (UPI) Christine Simko, the 14-year-old who fled from the hospital last week in fear of the amputation of her right leg to save her cancer - threatened life, today was in satisfactory condition after undergoing the surgery Monday. Christine's mother, Lillie, who opposed the operation, said after the amputation was com pleted that her daughter would "fret and fret." The hemi-pelvectomy re moval of the leg at the hip was performed by a team of surgeons at Metropolitan Gen eral hospital in a six-hour op eration. A malignant tumor threatened Christine's life. Assured by Doctors Physicians said it would be about five years before it would be known if the operation was a success. Mrs. Simko, 53, a di vorcee, said she didn't under stand how an artificial limb could be fitted to her daughter without a hip, but doctors as sured her a waist attachment could be used. Mr: Simko's ODDOSltlon to the operation resulted in a ju venile court ruling normiwinn for the amputation. Christine was under the court s jurisdiction because her mother had reported her unmanageable after several instances of run ning away from home about a deferring to court and social Mrs Simko said, "Now they will always know .w cho is: she will be in a fhnir " Doctors said the operation o-ont wall and there were no Montana To Return Man Held at Baker MISSOULA, Mont. (UPI) -Missoula County Atty. Harold j Pinsoneault said Monday he would prepare extradition pa indnv to return clerk and . rr Martin S. Behner to fan. o fplonv charge of assault. Behner. held in Baker. Ore., on a federal fugitive warrant, Is wanted here on a charge he assaulted with intent to rape a 20-year-old woman clerk em ployed in his office. Behner also Is charged in Seattle with steal i nar and wallet of a friend complications, they said no sign of further spread ot tne cancer was detected. When Christine ran away from the hospital last week aft- her the court granted permission for her operation, she went to her mother's apartment. She was found hiding in the base ment there the following day and was returned to the hos pital. After her plight became pub licized, several persons who had lost a leg through surgery assured the girl and her mother that life was still wortnwnue. Mi wii ADMIRAL RICKOVER: Our Most Cantankerous Patriot In a Navy popularity con test, the terrible-tempered "father of the atomic sub marine" might finish last but his vigor and vision are helping America maintain its military supremacy above and under the sea. For an intimate and fasci nating look at this contro- venial military leader, read Weelcly NOVEMBER 17TH Feature-Packed Issue with your copy of the MEDFORD MAIL TRIBUNE i m mi PRESTO' APPLIANCES with DU PONT TEFLON ay&ea4i fry pan 5ajy-&e&& griddle Now try no-stick cooking, no-scour -Ciean-Up. Fabulous Du Pont Teflon is triple-bonded to cooking surfaces, lets you cook with or without fats rinse or wipe clean in a winki And Presto's plug-in Control Master controls cooking heat automatically! PRESTO' ROCK-'N-MIX PORTABLE MIXER Beatingest Mixer of All! New rectangular bowl and new beating action do mixing jobs better, faster! 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