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
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Repair
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JACK HALL
772-6181 482-3950
If YOU step
out of the picture
Ellsworth J. Robison
Ph. 664-1433-5145 Dobrot
Way, Central Point
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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
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