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Show against the speculators. Looking Ahead ,.by Or. In some and another big deficit likely national finance, &hows that the Fund's $8 billion guarantee is largely fictitious. Leaving out those countries that would probto withdraw in a ably choose crisis to protect their own cur- S. Btnton NATIONAL Srtrg PRESIDENT BUCATION , to terse language, Dr. Palyi, who appear for 1962, We have handknows his way around in inter- ed out our gold year after year rtOIAM tint. Mum can forsee no more billion to be made avail- The perilous condition of this able. Other members, particularnation's financial position was ly France, can block any protec- tion the Fund might give to U.S. recently underscored by Dr. ' Palyi in his column in the currency. Chicago Tribune. Ir. Palyi shows that the sham (Same weeks ago we reviewed here Dr. Palyi's and pretense of it all is most study of inflationary trends, "An obvious. If Washington needs the Inflation (Primer") In this article, money, the lenders can, of course, Dr. Palyi shows why he believes dictate the tenms. And why not, that what the Kennedy admin- asks Dr. Palyi? The whip is istration proposes as the royal held 'by whoever has the to the U.S., he says: road to prosperity is, in reality, a reckless gamble. "If a fellow on the verge of Instead of taking' firm steps to bankruptcy dees not put his save and protect the dollar, the house in order, the 'prudent government goes about trying to bankers' will." We think we con- cure the symptoms, according to coet all sorts of temporary mea- -' and ceilings, this sensitive economist. When sures with stop-ga- ps the Federal Reserve Bank of but the laws of economics still New York, for example, jumps apply. The piper must be paid, into the foreign exchange mar- despite Mr. Kennedy, the Conket in order to offset speculation gress, and the Federal Reserve. in dollars, this shows that the Old Policies and Debt administration is aware of the danger. But when it borrows The plain truth is that our na Swiss francs and Italian lira, he tional policies for mlny years says this is like a doctor tinker- have contributed to' the deterior- ing with t!he fever thermometer. anon oi our iinanciai position at Sham Protection home and abroad. We have alNor will the $fl billion of the lowed the international balance International Monetary Fund of payments to build alarming permanently protect our currency deficits $2.6 billions in 1961 rency, GAMBLING ON PROSPERITY than OUTLOOK he $3 Mel-ohi- or ; BANKRUPTCY SALE Notice is given that on Saturday, May 26, 1962, the following property belonging to the Balance Rock Manufacturing Co., will be sold by the Trustee 3 Pickup Coaches, to be sold at Diamanti Motor Co. Building, Helper, Utah, at 12:00 Noon. Electric Saws, Tools, Lumber, and related trailer equipment items, to be sold at the Ace Miner Building, 135 So. Main Street, Helper, Utah, at 12:30 p.m. ALL SALES FINAL and FOR CASH. NATIONAL these accounts, until we have lost some $6V4 billion of it. Short term debts on the rest of our dwindling gold exceed those reserves by more than $6 billion. What is the answeT to this By Ralph Robey dangerous dilemma? In general, around the world the dollar is KENNEDY ASKS FOR still respected, Dr. Palyi notes, TAX-CU- T AUTHORITY even though gold is being inLast January President Kencreasingly preferred by central banks. There may be time left nedy, in his Economic Message, for reform, before the havoc said that he was going to ask for remedies three specific measures to help really sets in. Half-wa- y instituted by the Kennedy ad- him combat any future recession. ministration last year to stop the There were permanent improvedollar flow may be helpful, but ment in the unemployment comauthey will get us nowhere when pensation system, stand-b- y to are order domestic and offset large public thority they by international policies that lead to works, and stand-b- y authority to further deterioration of our reduce personal income taxes. Messages outlining the first two money. of these proposals were sent to Congress Could Act If this nation wants to do it, the Congress long ago, but the we can stop the dollar's deter- one on taxes has just been subioration at any given session of mitted. lAt present our personal inCongress. We can very likely do it without leaning heavily on our come tax rates range from 20 to friends abroad, without borrow- 911 percent of taxable income. ing, and without speculating. But The President wants the authority we shall have to show to the to reduce these rates by up to world (after first convincing our- five percentage .points, or to a selves) that we are determined range of '15 to OT percent. It is to follow policies that are based officially estimated that such a on fiscal soundness and stick to reduction would amount to some them. This we have not so far $10 billion a year. Mr. Kennedy insists that he is done. Why? Is it lack of responnot askin? for a delegation of the sibility? We have made almost no ef- power of the Congress. As he fort, to halt deficit spending and explains the suggestion, it still return to a balanced budget. We would be up to the Congress to must avoid creating inflation by establish the conditions under governmental policy, such as con- which tax rates could be lowered. tinual monetization of the na- Further, there would be a delay tional debt. We must allow the of 31 days between his order and economics of the market place a the reduction taking effect. Durfreer hand in creating the con- ing this interval the Congress ditions of prosperity. As Dr. could veto the reduction. If acPalyi has so well written, we tion were taken when the Conmust cease operating "on the gress is not in session, the reduc spurious Keynesian theory that tion would go into effect on the unbalanced budgets and currency following 3llst day, but It would inflation are the xoyal road to end 31 day, later unless a new prosperity" and face the truth order was issued. that it is "a reckless gamble Presenting this plan at such a with our financial and economic late date in this session of the future." Congress indicates that the Ad- ministration does not expect ac- tion this year. The legislative Colored Pencil Sets, at! kind, hopper is already far too full to ft elver Journal. get even casual consideration to satisfy f from the (House Ways and Means Committee on such an amazing plan, and the bill can not move without the approval of that committee. But even though there is no chance of the President being tax cutting given this stand-b- y authority, the move is none the less important. This is true there is no justification even for a request of such power. Under the Constitution all revenue bills must originate in the fffouso of Representatives, and in that organization the Ways and Means Committee has been assigned the function of handling all such measures. The House has been jealous of this right and it is unthinkable- that it would relinquish this crucial operation. But suppose the Congress did grant the President this limited power to reduce taxes, and spelled out in the utmost detail the conditions under which such action could be taken. What would be the harm of delegating power in this manner? Three primary points need to be made on this. First, there is no possible on how to determine just when a recession starts. The President mentions the desirability of attaining full employ-imen- t. That is all to the good, but someone has to define full and the definition employment must .be in terms of the volume of unemployment. Our data on unemployment are as honest as any in the world, but the volume depends to a major extent upon how we define unemployment. That definition is subject to constant criticism, and as a result many .persons refuse to accept the accuracy of the figures. Second, with personal income taxes subject to change by a mere order of the (President, no one could make firm plans as to what his tax bill was going to be. And for businesswhich has to withhold taxes, the burden of collection would be enormous. Third, there is no way of knowing that a reduction of taxes by this means would give a lift to either business or employment. Such a lowering of the tax would THURSDAY, MAY The AuJiiiiiisMonk health care plan ATHS.SHOWIRS I now before Congress S'' rfjoSsSSI f CRNAC PACE SEVEN So A Boiler Whether you're the main zjpecU-zat the ChcVr merce or a housewife tryingspeaker lo win a ncight o.- over to your point of view, your problem is pretty much the Suine. You have to keep your listeners awake and interested, and present your case with confidence and conviction. Dale Carnegie, whose methods have had more to do with improving the art of persuasion than possibly any man's in history, has outlined his simple rules for speakers that will serve equally well on the lecture platform or in a friendly disO cussion "over coffee." Here are the "big four" of s rules, which can be modified to suit the particular occasion: 1. Limit your subject. Or.ce you have picked a topic, stake out the area you want to cover and stay strictly within those limits. Don't outline the history of civilization or summarize the World Almanac. Plan to put across just a few main points. of Com- - b?-cau- s3 al-wa- ys - 2. rntm DTlop powtr. Build up a reservoir of information about your subject. The more you know about it, the better you can select important points for emphasis or illustration. And you can make changes or additions at the spur of the moment if necessary. 3. Mrs. Dorothy Carnegie and examples: Speech illustrated in such a way as to must "live"! Tell an anecdote bring immediate improvement about people; tell a personal to any reader who has a speech, story; use names, even if fi- to make, or who wishes to perctitious; be specific and throw suade someone about a partiin a detail to dramatize a point; cular problem. Such other probadd a touch of dialogue where lems as acquiring basic skills; possible. developing confidence, making; 4. Us miliar a talk inform and convince, are concrete, words that create piciurti. carefully examined in the book Don't use fuzzy, abstract lan- in highly readable language. guage. As the French philoRevised by Dale Carnegie's sopher Alain advised, fill your wife and collaborator, sentences with "stones, metals, from voluminous notesDorothy, left by chairs, tables, animals, men her husband, and just puband women." A listener can lished by Association Press. "see" such words. "The Quick and Easy Way to In "The Quick and Easy Way KfTective Speaking" will introto Effective Speaking," a revi- duce virtually a new genesion of Dale Carnegie's famous ration of readers to the famous classic on public speaking, Carnegie ways of persuasive these rules are developed and speaking. Fill your lalk with and its effects be temporary, would be .quite different from a Much of permanent reduction. the released funds might simply be hoarded, and that helps no QC7UFO hrMlms M IIIP-lMSt- Adding Machine paper, by oil. or case at Journal office. I00K3 e leeieae U.M . SIM Ml" Ti' JOURf"" HELPER , KCXXEEFHiS -ltlf one. Bill (HR 4222), would NOT This compulsory plan, the provide all the health care the aged need. In fact, it wouldn't proand would cover ONLY vide ANY CARE for many senior citizens OF THE COSTS of caring for those eligible under the plan ABOUT 25 King-Anders- FIEE CARAGE (Utah) JO 24, 1962 Know the facts about Health Care for the Aged J. Saperstein, Esq. Trustee, Continental Bank Bldg., Salt Lake City, Utah H. Tar HELPER Hie I is not what you may S&oom, I. ... This plan would provide no care for those most in need the 3,500,000 elderly not covered by social security. Regardless of their health or financial problems, these people would receive no care. This plan would not pay for the services of an aged patient's family 5sk ymotm. swe jwk snoop patients by. the to elderly King-Anders- on bill. This plan would not pay all hospital charges. Every patient would have to pay at least $20 and as much as $90 for hospitalization plus $20 for each complete diagnostic study. ; While many of the aged could not afford such charges, those who are o could pay these wealthy or bills . . . get the balance of the cost of hospitalization at the expense of the working people who would be paying increased payroll taxes. doctor. well-to-d- This plan would not pay for drugs used outside a hospital or nursing home. Furthermore, some commonly used effective drugs would be denied think it is saw: as on xt Hi H & FURTHERMORE The V V V your boslnooo as your Oclophono Ao closo to rvfctmv stamp, a stondt, torn pric markon, smsm plat, or any on of a thousand offico aids wmi narking dsvictt that can speed your business astd savo yew money? A quick telephone toll will tjrina yaw prompt, courts oms ssrviot . . . right hsra Dm4 M CALL: HELPER JOURNAL OFFICE SUPPLY V A ?' i Hi If Bill, King-Anders- would force all and all employers to pay a substantial increase in payroll taxes to buy health care for millions of the who can afford to take care of themselves. wage-earne- ir K rs ... self-relia- nt Hi 4i K MD I x K t( K r H Hi K!' "t plan would lower the quality with the of medical care Federal Government controlling standards of practice in the nation's hospitals. z ai K? In addition, the proposed :! :&.':; :c ti K (i . . . write your congressman today. SOi lAUVlMBXSsSl XS90 tnox i x There is a better way. . . LET'S HELP THOSE WHO NEED HELP 4r Kr Kt 1b Hi Kf vV At Hi Let him know (HR 4222) and We favor voluntary programs to help those who need help ... to preserve the to take care of right of the themselves. self-relia- nt These programs are available now. They include private health insurance and prepayment plans for those who Law the Kerr-Mill- s can afford them for helping those among the aged who need help. ... tli il Voluntary health insurance is now available to all of the aged all over America. More than 9,000,000 people over 65 (53? of all our senior citizens) already have it. The Kerr-Mill- Law enables s the ill iY i if to it individual states to guarantee to every aed American who needs help the health care he requires. The Kerr-Mill- Law s allows provide as wide a variety of it chooses '. . . puts no time cadi health state services to as limit receive on the inthese services. By helping, only those who s Law avoids waste of need help, the tax dollars. dividual's eligibility Kerr-Mill- to i W .4 4ti & 4H it U 4 4 4 4 Hi t. (S S3 that that it ') We believe all our aged should receive all the health care they need, when they need it. Hi V 4k you are opposed to you favor eiving the the Kerr-Mill- s i s Bill Law a fair trial.. Your Congressman is M. THE AMERICAN MEDICAL ASSOCIATION D.C His address: House OfficeBpetenjcm Bldg., Washington ffrn,n., OftrcjTY For Further information ask your family doctor. OAnDUN bUUilll LiLUIuAL OU.LI I |