Ü
Editorial Comments
The MILL CITY ENTERPRISE
UNCLE SAM: TRILLION AIRE
MILL CITY. ORBGON
earth. And it’s still growing and still
The breast beaters are always tell­ unable to meet our demands for goods
ing us we're going to hell in a hand­ and services.
The U. S. News ends its pointed
cart because of our huge national debt.
This man Truman is ruining us, they 'analysis this way:
"The United States, over the years,
say. He's spent more of our dough
than all the other presidents combined, has become a tremendously wealthy
lountry. The amount of wealth is im­
they say.
portant. Even more important is how
Well, our national debt is astronom­
wealth is used.”
ical. It’s around $260 billion gross.
With that we certainly won’t argue.
And we’d be a lot happier, speaking — From Oregon Journal.
for ourselves, if this debt were smaller
or if we were paying it off systemat­
ically instead of going farther into the
red. But one has to remember that
the greater part of it is accounted for
by a couple of wars and when you
spend money at the rate of $90 billion
Production and subsistence loans are
a year, as we did at the peak of our
World War II effort, our debt sky- available from the Farmers Home Ad­
ministration, U.S.D.A,, for the pur­
rockets.
chase of farm equipment, livestock, I
And when you're trying to re-arm
feed, seed, and fertilizer, states Martin
yourself and your allies with one hand
H. Baker, county supervisor for Linn, I
and fight a good-sized war with the
Lincoln, and Benton counties. These
other, as we’re doing today, the bil­
loans are available to low income
lions flow like water and, despite
farmers whose operations are sound
record tax income, that old debt figure
and they are unable to get financia.
nudges ever upward.
assistance elsewhere.
There’s another thing that we sel­
These loans may run from one to
dom think about when we’re wailing
five years, and bear interest at the
about debt and taxes. How does our
rate of 5 percent per annum until
debt compare withour national wealth?
paid. The re-payment schedule is set
The U. S. News & World Report
up for annual, semi-annual, quarterly,
performs a worth-while public service
or monthly repayments, depending
by making this comparison for us.
upon the type of operation the farmer
Noted for its careful analyses, it has
is engaged in.
gone to considerable trouble to bring
Housing loans are also available for
a little sanity into our debt situation.
building,
or re-modeling farm houses,
Did you know that Uncle Sam is a
These
trillionaire? That’s right, a trillion- barns, chicken houses, etc.
loans
may
run
for
20
years,
or
less, I
aire.
We’re talking about tangible
assets such as land, buildings, indus­ and bear interest at the rate of 4 per
trial plants, automobiles, factory and cent per annum.
Application blanks and information '
store inventories, stores, homes, dura­
ble appliances and household equip­ for these loans may be had at the I
ment. We’re not including oil, coal Farmers Home Administration office, |
and minerals in the ground oi forests, room 222, Post Office building in Al- I
highways, dams, perishables, works of bany. The office is open daily from
art or military assets, They're worth 8 to 5, except Saturdays.
DON PETERSON. Publisher
Entered as ee< ond-claee matter November 10. 1*44 at the poet office at
Mill City, Oregon, under the Act of March t. 1S7»
CLASSIFIED ADVERTISING: One insertion for 50c or three for $1.00.
The Enterprise will not be responsible for more than one incorrect in­
sertion. Errors in advertising should be reported immediately. . Display
Advertising 45c column inch. Pcliticai Advertising 75c inch.
NATIONAL
\
PUBLISHERS
ASSOCIATION
EDITORIAL
¡To eta
J/
Loans Now Available
Under FHA For Farms
"THE PAPER THAT HAS NO ENEMIES HAS NO FRIENDS.’
, —George Putnam.
Political Topsy
You will recall that Topsy had no raising, “she just
growed.”
The convention system, of nominating a President and
Vice President of the United States, is a political Topsy.
It had no raising; it just “growed”, and it has “out-
growed” its usefulness.
It must be replaced by a National Primary which will
place the selection of a President and Vice President in
the hands of the people of these United States, where of
right, in a democracy it should be.
The framers of the Constitution of the United States
provided an Electoral College, to select the President and
Vice President. It was to be a representative body of
learned and experienced men, who were to meet and make
the selection.
They were afraid of political parties. Their only ex­
perience with them was that they would not yield to the
will of the majority expressed, at an election, but would
resort to force, thus producing periodic civil war.
Immediately after the establishment of the govern­
ment, under the constitution, there appeared differences
of policy, theory of function and procedure of government.
Honest and logical issues produced political parties. Thus
it became necessary to name two or more sets of candi­
additional billions.
dates for the Presidency and Vice Presidency.
Nor does this total include the rec- I
The only organized political body close to and cog­ ord supply of money now in the hands
nizant with the issues was the Congress of the United of Americans-—approximately $190 |
States; and for a time its members, divided by ideas and billion.
Even so, this country is worth $968
opinions, functioned as nominating agencies. The re­ billion
today. And that’s so close to
sponsibility was great and the interests of the Congress­ a trillion dollars that the difference
man’s constituents might appear different from the in­ isn’t worth quibbling over.
terest of the entire country, then Congressmen were will­ Now, what do we owe against this
tremendous store of real estate, goods,
ing to shift the responsibility to elected delegates, in gold
machinery? How do we bal­
numbers proportionate to representation in the House ance and
out?
and Senate.
Our net federal, state and local debt
is $211 billion. (Like private indus­
Thus the political Topsy grew.
try, government has liquid assets off­
* ¥ ¥
part of the debt.) And get
Enthusiasm is most contagious and proselyting con­ setting
this, private debt against physical as
tagion is desirable to build up popular support for a pro­ sets is even larger- $270 billion. The
posed candidate. Without other ways to express enthus­ U. S. News roughs it out at $500
iasm, demonstration developed, and as an advanced degree billion altogether.
Thus, our total debt today, federal,
of demonstration can be attained only by further and state,
local and private, is just 52.8
wilder demonstration, we have the organized hysteria per cent of our total worth.
with the sophomoric carnival procedure of the Chicago But here's the payoff: The per­
centage of debt to total worth is lower
conventions.
than it was in 1932 or in 1948
Scientists in the field of the human mind tell us that today
when it was 58.8 per cent and 54.6
an explosion is essential to the continued stability of the per cent respectively. e re in much
human mind. So we do not decry the hysteria, we accept better position than we were at the
peak of the last war when we owed
it as necessary explosion.
74.5 per cent of the equivalent of
The danger lies in that it prepares the way for the everything
we owned.
band-wagon psychology that resulted in the nominations The point is that while our total
made at Chicago. A choice not of the people of this de­ debt, public and private, has grown
mocracy, but of interests, in a position to select timely and steadily since the war, our total worth
has grown even faster. The expan-
parade a band-wagon.
, sion of wealth since the war the Tru-
At Chicago, when the afflatus had exhausted itself, | man years, if you please has been
and the desire to support a winner became the motivating : the greatest in our nation's history.
force, the kept press was ready to and did name a winner And our total annual national produc­
and paraded him on his band-wagon. The result of the tion— now around $330 billion—-is
within striking distance of our total
conventions all have heard.
debt.
It must not happen again, The choice must return to Our productive capacity is approxi­
the people. A National Primary will accomplish that mately twice as great -as it was iir
end, and will remove the ridiculous procedure in conven­ 1946. Our total wealth has doubled
1944. And actually, the U. S.
tions, that, in the recent past, has made our democracy since
News survey shows the growth in our
the laughing stock and exposed it to the ridicule of net debt in that period has been ac­
dictators.—Guest Editorial by Roy R. Hewitt, Salem.
counted for by private individuals and
«
WORRIED?
£y Use Our Modern Moving
\ an> Next Time You
Move or Ship
by Freight!
Weight Truck Line
Phone 125
August 14. 1952
2—THE MILL CITY ENTERPRISE
“Ship the ‘WRIGHT’ way”
St ay ton. Ore.
private industry
not government -
believe it or not.
The U. S. News points out another
thing. A large part of the public debt
--federal, state anil local is accounted
for in such assets as highways, public
buildings, power and irrigation dams,
reclamation and flood control works,
river and harbor improvements. This
money isn’t wasted at all. It is in­
vested in projects that are paying
dividends to the people of America.
All this doesn't excuse wasteful
spending. It doesn’t mean that our
economy can stand a greater and
greater load ad infinitum. There’s a i
limit somewhere.
It does bring a |
little sanity into the discussion of our I
debt problems, federal, state, local and |
private. It does remind us that here
in the United States we have the
greatest wealth-producing machine on |
GRE \T
DAYS and
nites :
STATE FAIR
SALEM
S VIT RD \Y. \l G. 30
through
S \Tl RD
. SEPT 6
Horse Racing
Pari-Mutuel Wagering
State Fair
SOURCE Survey by Yole & lo-n» Siom«C»d Conn
Special Announcement
We have added another pharmacy to
“The Quisenberry Pharmacies, that operate as one”
130 S. Liberty St., Salem
The new pharmacy will be open until 11:00 o’clock
at night on week days and from 12:00 noon until 2:00
P.M. and 6:00 until 9:00 in the evenings on all Sundays
and all holidays.
There we will specialize in prescriptions and stock
will be limited to medicines and sick room supplies.
Your prescriptions will be on file there as well as
at the other locations and will be available, for your
convenience, these longer hours.
The new location is 130 South Liberty Street, and
the phone number is 4-3336. However, if you dial the
Court Street number, 3-9123, and that store is closed,
the call will be relayed.
We are pleased to be able to offer this kind of pre­
scription service and to have it available these longer
hours.
Quisenberry Pharmacies
“THAT OPERATE AS ONE”
FOR 24-HOl R SERVICE DAILY DIAI
Meet the
of
Mountain
States
Power!
Meet Mt. and Mrs.
Power Company.
. . owners of Mountain States
It's a solid fact that Mountain States Power Company is owned
by a lot of people like Mr. and Mrs. Brown — yes, and yourself. Peo­
ple from all walks of life have put some of their savings into electric
companies such as ours. They are the direct owners.
But there are countless indirect owners, too. They arc people who have savings
accounts or life insurance policies . . . and that means nearly everyone. You are
probably one of them.
It works like this: When banks and insurance companies accept your money,
they must invest it wisely. Because business managed electric companies have a long
record of successful public service, much of this money is invested in utility securities.
Mountain States Power Co
A Self-Supporting. Tax-Paying. Private Enterprise"
J