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? Then
jiad this unsolicited latter I
"For wny Tr. whll. . dataettva Mr
(Mat la Waahlnston. D. Cs. I anfftrad
fraaa araatipalion. I tilad Juat about vvfrr
ramad on lha murk!. Thn, a nuraa ait
alaad ma to tat a bowlful o( KEI.UMlU'S
A1X-BRAN vita milk and hnnwr avarr
mrnlng. 1'va batn dolns tali for tha nait
Un raara sad. tbanka to KKIXOCG'H
ALL-BRAH, ban not bad tha allihtaat
Iroubla with aonatlpatloa.' Bartaant
Oorta E. Thornton, flurfalda Polloa Dapl,
Miami Baaed 41. Morlda.
You, too, may never have to take
another laxative for tho rest of
your life, if your eonstlpntion is
due to lack of bulk In the dlot, and
you eat a dish of KELI.OfiG'S
ALL-BRAN every day and drink
plenty of water! If not satisfied
after a 10-day trial, send empty
carton to Kellogg's of Battle Creek
get doubti your money back I
ALL-BRAN is not a purgative. It
Is a nutritious food made from the
vaf outtr favors of wheat a
most effective source of gentle-acting
bulk.'
Get ALL-BRAN at your tro
car's. It's made by Kellogg's of
Battle Creek and Omaha.
iu 'f" J'?"sww 1144111,11 yii laaimat
m
THEY USED TO CALL
HER FATTY
Almost unboliavable lots of welftit Is
poasible for moat overweight people
through a pleasant, absolutely harm
less reduoing method. While eating
plenty.lt Is poasible to take off as much
as three to five unsightly poundsaweek.
No exercise, no starvation diet, no ra.
ducingdnwsorcathartlcaara necessary
for those who seek to regain a graceful,
youthful figure. In fact, theTremett
Way is so confidently recommended
thatyou may tryTramettwIthout rlllc
ing a penny .You and your friends must
marvel at the exciting improvement
In your appearance i you must get the
results you seek In 30 dsys, or your
money will be refunded in full. Eaty-to-follow
directions with every package.
Walfrsan Draa
liars and drnsflila avarywhare.
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. Ward
and Sons
825 High Phons) 3334
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Tuesday. Not. 20, 1943
HERALD AND NEWS THREH
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The official Netherlands news
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