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About Herald and news. (Klamath Falls, Or.) 1942-current | View Entire Issue (Nov. 20, 1945)
Noted Economist Warns Against Short-Cuts To Prosperity In Talk Here A wurnlna against roltanca on "Uiglslutlva short-cuts to pros- Spi'ity" was sounded ly Merry le tunloy Uukoysor, Nuw York ncoiiomlc uoinmontutor, In an ud dress to tlia Klumutli Knlfo and Fork club uftor dinner at the Wllliird hotel lust night. Hukoy or's clear-cut uppuul (or reulls tlc cconumlu thinking bused on llio successful American expert unco of thu punt mudo III talk the highlight Hum fur of the speaking series urrunKod by the local club for its first year's pro grarn. "We can got on with roconvor Ion," Uukoysor snld. "o noon in people nuiku u determined ef fort to fuco tho problcmi of tron altlon realistically, and abandon the current nuive effort to out law business throtmh legislative formulno, on the one hand, and through collective bargaining, on tho other. Pott-war Progrtw "Post-war progress doponds on rollunco on thu demonstrated iiporiorlty of tho American sys- tcm which renin on the thrift and Industry of tho people, aided by superior tool mid Increased quantities of mechanical enorgy, A In tho pant, we ahould have fullh In tho creatlvo mind work InK In tho rculm of science, In vention and engineering. On the other hand, wo should hun superficial schemes to achieve prosperity by decree through : .... 1 ... i , l .. u outlawing rink, and through us ing the machinery of govern ment to rob Poter to pay Paul." Uukoysor scorched the so called economists of Great Brit ain who have been preaching a theory that deficits aro a sound ingredient of prosperity. He said that the end of the shooting plume of the war should bring Americans realistically to the problem of Inflation. Up to now, he asserted, the govern ment policy has been dealing too much with symptoms, not fundamental causes. Ilu declared that the way to meet the situa tion Is to stop Inflation at tho source through drastlo econo mies In the expenditures of the federal government, with an end to deficit at the earliest prac tical moment. He advocated a schedule of fedora! debt reduc tion within the next venr or two Keep Faith The federal government, de clared the sneaker, should keep faith with the millions of war bond huvers bv Introducing Im mediately tho measure that will csiiioiislt sounu nscui poli cies. Most vital of theno I lea sonublo reduction of govern ment expenditures, ho Indicated. Discussing mo ouuook inr in terest rates, Rukeyscr mild tho :ovornment snouiu iuko steps to con nconlo sold on government bonds during tho peuco period, In order to ucniovo tins goal, no suld, the treasury should not try to Keep interest rates uriiiiciauy low. Tho reasonable expecta tion, ho said, would bo for some stiffening of Intorcst rules in tho coming yoars. Jtukcyscr developed nis memo by a review of the elements that made America so great Indus trially and spiritually that It was able to produce without equal the tools of victory In tho war, and that raised the living stand ards of tho common pooplo fur above thoso of any oiher coun try in the world, In view of that magnificent record, he said. It Is strango that some pooplo advocate adoption of tho theories that prevail In countries whoro poverty Is tho rule and whoro wars are bred. Bright Prospect Rukeyser, who is author of the book, "Financial Security In a Changing World," suw a bright prospect for America In the peace period If It holds to funda mental principle. Ho held that current strikes, tho diplomatic failure at London, and other un favorable factors In the present f icture are phases of tno transi Ion from war to peace. lie de- DETECTIVE FINDS WAY TO BAN CONSTIPATION! ' Follows a pleasant way to lantlng regularity Buffer from constipation? 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Copr. 1940, Oxford Products, Ino. clored that group harmony at homo, un opposed to class war- furo, would spued reconversion and tho return of high living stiindurds. A capacity audience hoard the speech of tho New York econo mist, lJrcstuoni Jonn Houston at tho opening of tho meeting In troduced Knlfo and Fork mem ber who represent financial In stitutions locally. Houston an nounced that Dr. Will Durunt will be tho speaker at the Janu ary mooting of the club. Thcro will bo no December meeting. Mitchell Tillotson, manager of tho First National bank, In troduced Hukuyscr. Industrialization In China Boomed PORTLAND. Nov. 20 (IP) Western Industrialists should promote Industrialization of China to "help build the Indus try of tho west coast," a Chlna Amcrlcun council consultant told businessmen here last night. Alex Taub, former engineer with tho commerce and Industry council which seeks American engineering help for China, said "If we begin with China now, the potential murkcts are unllm Itcd ond will eventually extend Into India and other Pacific lands." Ho recommended America send tho "best men to deal with China ond teach tho Chinese how to build entire industries. Council OK's City Permits Building permits for the Im provement and erection of build ings in tho city applied for from November 14 to 10 woro passed by the city council last night. Tho oppllcotlons acted upon Include Insulutlng B garage und Installing a now floor at U27 N. 6th by Glenn L, Millar. $175; wurchouso shed ot Main .and Spring by the Big Busln Lumber compuny, $1000: residence at 1820 Worden by Dave H. Hatha way, $4200; foundation under a house at 70S N. 8th by Earl Ban dull, $200; Installing a brick flue at 2208 Wantlond by J. F. Har grove, $25; poHtcr panel at 8th und Pino by the United Outdoor Advertising company, $100, and an addition to a building at 155 . Main by Mark Smith, $1800. Thirty-six states have arranged to. iasue automobile driving li censes to disabled veterans who hove cars equipped with neces sary controls. Newsmen Barred By Military Guards TOKYO, Nov. 20 OP) A dozen American newspapermen and photographers, attempting to cover the visit of Emperor Hlro hlto to the Yasukunl shrine to pay homage to war dead, were barred today by U. 8. military guards. Tho pressmen, civilians since their dlsaccrcdltatlon by the army, entered the grounds on foot but the sergeant of the guards, acting on orders of the commanding officer of the sec- Friendly Helpfulness To Every Creed and Pursa Ward's Klamath Funeral Home Marguerite M. 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