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Show Babson Discusses Fooling Ourselves tanf when the resuPs vti'l hrn I low nr on ain.t' ef rettsston Uan develop imnumitv to these led ' p.'ls," ut as the doctor a mI' lose aher w ? de;iul US.r them tiSi long vf 70CC0 TrCnrCn iel , , , ClIIl Saft lv ClaW 1900 Friday, March4, ill's i r.'-l-- i Mj-Cul- t - !-- V -- vY UM ' e niM-Uc- s Kine I 1 Ix-e- t hlK-ia- IBmscJ t daiij-eron- March 9 This will the last (Iasi for WiUide will hold quite wnne t.me to jilease fry to a gun safety pun rant class March attend 1 Id and I.', past Hie class Will Ik given at the'n(nlr j roM HOSPITAL lo.-!Junior Hth S. h.s.l from William Ju.derborg ha return- h Oil to 0 00. the hit and lOih, ej j,, ,S home from the Veterana and the time will In- - annoiim cd Saif Uke City where n1)lU later when the slat i on )lt, uinicfwt-n- t eye itirtfery. He is the I Jill ri ti led in Ihi recovering Very lins class is for eiliur sex. IT no ly. I Ins r I a oldi or class years must Sou have to lake it to ole ttOOU I ROCS tain your first hunting license A wood frog can (hange color fie cost of the c lass is fifty cents of hi body from preen Id fan or er poison to match in surrounding. You can register at the Tooele gray, Junior High Sihool Prim iple'x Of fae, at the holm of Roy (utrurd, 09 North Mam, or the home of Boyd I ay lor, Jti Plum Street, in ,s i r--T , itf.-ra- s and STARTS WEDNESDAY THRU SATURDAY child in the United States one lakes the ot the high estimate of at deluding whether , low Clued hatulil s An Os- Jk - A., t. ai . e m 4i aJI - 0( V. Outgrowth of Research Aided by Heart Fund J- Sophomore? i Coach Uavne Robins, Joe McBride, ( harle Rudd, Iaul Cochrane, Brent Wood, Howard Dunlavy. High School Sophomore squad conI ronl L to K: 1 nn Gillt-fte- , Ken Turnbout Jack Mclhic. Jack While, Billy Iamb, It i sc I Stephens. Back row L lo K: Tckk-I- sist of r . a 1 0 1 H " j BEFORE MORE THAN 3,450 FAMILIES AT A COST OF MO50 i Postcards sent to 3.450 families would mean an penditure of $103.50 for the postal cards alone. On top of this would be the cost of printing and addressing. Your newspaper reaches more people at less cost than any other form of advertising. Get more for your investment in ad-ertisi- Tooele Tranrcript Phone Tooele, Ulah 1 Price is based on local rate schedule. I 1 f L 1 U f 'u I .ji :wr wretf TctRCUS ,J T TWO SHOWS NIGHTLY ,sa h NEW HEART-LCNMACHINE, developed with the support of Heart Fund dollars, is by Hr. Robert F. displayed Gross of Children's Hospital, Boston, a pioneer in modern heart auryery. The device requires much less blood for prim-In- c purposes than older models, and doubles the number of heart operations a suryeon can perform In one day. The Heart Fund eampaiyn will reach Its climax with a nationwide residential collection on Heart Sunday, February 28. O I s j J li i Whatever the cause, heavy gold withdrawals fiom the U.S. would dram off the gold baiking for ourj a situation hanking system which is the normal forerunner of a money panic. Tor the first time ft since World War II, therefore,1 i-the beginning of the next business 5' recession may find our money! managers powerless lo make efaction! fective During my recent trip to Europe I was impressed by the fear which Dale Bailey, Mike Johnson, Bruce Shields, These are Tooele's up and coming basket-baileEuropean bankers feel about the, Buck row L to R: Coach Clarke Johnson, who represented the Freshman Team control that labor leaders possess I'hil Russell, Richard Weilatz, Steve Bunn, in the U.S. and South America this year. They are. Front Row L to R: Dan Conncllcy, Eddie Dalton. These business leaders believe we Jim Leonelli, jay Baldwin, Ken Colledgr, are headed for a Labor Government . . . and Socialism. This also undermines confidence in the American dollar. Since the steel corporations gave in" to political pressure from both the While House and Congress, other nations no longer respect us. When the next depression comes, will .the jn the OASI program, according Wage earners and others who Securtfy benefits. , money managers or the J found that their OASI (Social Se-- During the R'9 fiscal year, total the Foundation "has been the curity) tax rate was boosted from current OASI receipts (taxes1 plusipr0Sp(.nsity of Congress, espe-tw- o and a half percent to three, interest) amounted to $S during election years, to expercent on the first of the year, lion. OASI expenditures (benefits tend coverage and increase bene-niabe shocked to learn that plus administrative costs) totaled juts taking proper cogni-thes- e payments are not for their $9.4 billion. As a result, the bal- zance 0f (he full effect that such but rather to,ance in the OASI trust fund wasactions will have on future costs." own retirement, meet the current obligations to, reduced by $1.3 billion during the Major liberalizations in the OASI those already receiving benefits last fiscal year. Applitation of program occurred in 1950, 1952, This was disclosed in a rejnirt the new rates this year, however, 1954, 1956, and 1958. The Foundation study points out released by Utah Foundation, the is calculated to bring current re private governmental research or venue in balance with current ex- that the unfunded portion of the OASI obligations (either $324 bilganization. penditures, at least temporarily. approxiTHE FOUNDATION study notes Utah Foundation analysts report lion or $650 billion) is the that no reserves are being ac- that the accrued liability of the mately equal to two times cumulated from present Social OASI fund to all individuals cover- total Federal debt which stood at $290.8 billion at the close of 1939. Security (OASI) taxes on the cov- ed by the Social Security program would which force ered working (both retired and working) for their It is also equal to between $2,933 help meet the cost of future bene- past service is somewhere between and $3,631 for every man, woman fits. On the contrary, total current $344 billion and $670 billion, decollections from all present work- pending on whose estimate is used. ers and their employers during Against this liability the total asBETTER-BRAKES.- .. the past few years have not even sets in the OASI trust fund on been sufficient to pay present October 31, 1959, amounted to only benefits to those already retired $20.3 billion. ONE OF THE major problems or otherwise eligible for Social ... y M' Open 5 :4 S Teature time (:4S and 8:50 P.M. MATINEE SATURDAY 12:30 P.M. Hey Kidsl Attend Hrst Show, you'll be out at 8:2! P.M. :j Frolimcn BakHlmllers anti-slum- ex- : h2iADr told. . - Fill loss CAN PLACE YOUR MESSAGE - WALT DISNEY'S clines. OF lOMIDUStn causThere's ed by steel settlement an even more important d.'nger, to our economy than the possible attractiveness of higher interest rates m other nations. Shmid a new easy money policy Ik adopted at a time when our government is running heavy international deficits, owners of dollars in other nations could lose confidence in the ability of the I' S to manage its fmam tal affairs and rush fo convert their dollars to Ska , J TRANSCRIPT !af.r than March J mvl slump comes, ve mav t nd hut than, ed wml we may f nd that changed wot Id ton.htions w.ll have snap li.lbson pat Ik, ami Ji'iT Pi i.uh tJM, (manual My .i" s TU9 . f.glumg I Juhn of out 'he f HU luxfinij li) (uib !fli t!i ped the IKIis teiessionIn out W rtsessnms, (ittvioui ji'im.i'iin Jutfkj.t, i N Mri'iy, linn liy nuking ui.m-- c,mi tfi- - jsiw.r money managers did not luve to Iv that the Aim lit an r an-Ji- t hiaK-nu.'ut t n.te (I the yoij reserves In (tHiImt; tin t.J rrstrutitl worry al'ut by urnonli ( uiumi Ik . pi. hind our credit struiture We held I l dcin'i in the mnn and trull whenever xpi of any (vossibli in rvo-- ' gold Ilturd - ihi-- believe (ha! bv some rainy inflalmn a tinea! It Today, ilailtts b.ie, gn against " J'oid for ,ll'r mj WMIIIK HI IK1 SXo in the however, (of many reasons fhor tin-rhas "'tin. Ahlimqh swollen i os! s and pi ms here in de- h r t.nh bi.sm. IS Tin; momy MYRKI T all J the US, tU-- lining exports and lint x.mi tin war lo Ik a little me relay Sir J.it pokterfui' l foieign a,d rising imjxuts. 1U ntv s thoorhis 1 in notion fas more sitrre tlian its of capital for suable rxjxirts ben me Midesptejd ()u tas 'none has been rten reinoti ly umt-plains abroad - we have Isen mg and I1 ;'iten.rii ol unmet and Ramble to those of PUT end car-- ' a defutt in the bj'ame ol ft edit by the I Kit tan eliminate !"'r However, the federal Hesetve running our country nu nts p.iv bet the hil's and vale v s! b pic in most of the trt-di- l and tehef countries This is a ton m our eionomithir mild these retessums s keeping . . pni,-we have not faied for many - mtJ lor urning thin into dnnm then by he. pint intuition teas.-ars yt of recovery ably in hand and barring anything have built up tieavv more senotis than cue astonal mild, Now Unit the steel sttil.e hm J,.!l.ir ImI.iik e u hu h at thnr d,v recessions 11ns cone lus.on Is s.ip Ireen setthd in a It.anner which ;cri.Illin nu.. )M. converted into, ported by recent history, jvvill inevitably mean another up- ou, f ,llh country anj Since World War II, we have ward turn of the wage-pricHeine . , , ciur money managers hid three business recessions -- rul, the tune may not be too cits- must weigh any future aitiun in the light of its posuble effect on the heavy foreign balances held here. If money is suddenly nude iay, lower interest rate will be paid on foreign balances This, of course, could induce foreigners to withdraw those balances . . . especially if interest rates in some other country should Ik-- attracti-- j vely higher Thu, the I HR would, lose its erstwhile independence ol action in combatting business dev r.o i4. liKie (oiinty Till Will jCranfxviMe, rs 820 Billion in Social Security But s600 Billion Obligation y y Is Your OST Important Date Approaching Au series e U.S. SAVINGS BONDS OFTEN YEARS AFTER MATURITY CATE privileges - WlTHhavefytfnsion INTER ESTACCRUW6 1 get on the payroll savings plan where you work REGULARLYatxxjr BANK or BUY BONDS BUICK '60 A little fatherly advice from your Uncle Sam Make sure the wedding invitations and announcements are correct in every detail. We have a large choice of wedding stationery Sc offer you a choice of beautifully Jm w printed cards. We also have printed napkins, place cards, thank you cards and other supplies. We invite you to stop in and see our ' When your wedding date approaches, order your printed supplies at the Tooele Transcript 58 North Main f f Phone T ft. v? But remember: opportunity Is Impatient, You've got to be ready jor it. Youve often heard people say sadly, If only Id had the ready cash . . ." They didnt. And an opportunity faded. You be ready with ready cash. Save money every payday. There are lots of good places to save but none better than U. S. Savings Bonds. They're safe, sound, easy to buy at any bank. Buy em through Payroll Savings and its automatic! t : 4 samples. Where yon go in this world depends largely on how badly you want to get there. And there's never been as much opportunity jor yon to go places as there is today. Bonds are a better buy than ever, too. Every Bond bought on or after June 1, 1959, pays 3)i interest at maturity. So start buy- ing Bonds and keep at it. Help Strengthen Americas Peace Power Buy U. S. Savings Bonds 1 r rnmmrn V Buicks fin-cool- Aluminum Drums Brakes generate their own worst enemy terrific heat. Excessive heat is bad because it may cause brakes to lose part of their effectiveness. So the faster you can dissipate it, the better off you are. Buick gets rid of heat faster by using brake drums. On the front wheels, where most of the braking is done, the drums are aluminum. They cost more to make but they shrug off heat much faster than drums made of ordinary 0 metal. Buick is the only American car that! makes them standard, at no extra cost, because you will be safer with them. Best time to buy a Buick 60 Is now because you will get top dollar on your old car and have a wide selection of colors and body styles from which to choose. You can own a quality Buick for less than you might think, and your Buick Dealer can arrange terms to suit your budget. 60 M XMM BARRUS MOTORS COMPANY, INC. Tooele , Utah 83 North Main Street re rrr vt. get rid of heat quicker so youre safer! TAKE A TURN IN A TURBINE DRIVE BUICK The U.S. Government does not pay jor this advertising. The Treasury Department thanks, for their patriotic donation , The Advertising Council and Tooele Transcript RAKES RATE BEAT! Phone 7 tea $ A |