OCR Text |
Show Page Four FRIDAY, FEBRUARY 14, 1958 THE SALT LAKE TIMES 1 I THE SALT LAKE TIMES Utah's Combined with Tbt Sat Lalt Mining & Legal News I FcarleSS Published Erery Friday at Salt Late City, Utah Entered at the postoffice at Salt Lake Gty as second Independent class matter August 23, 1923 under the act of March 8, Newspaper 7U West TcmpIe Telephone EM 64 I GLENN BJORNN, Publisher Subscription Price 13.00 per year in advance "This publication is not owned or controlled by any party, clan, clique, faction or corporation." Volume 37 Number 38 for growth, For renewed economic expansion every citizen must have a chance for useful and remunerative employment. His produc-tion then adds to total output it is growth. There was never a time when such employment was more easily provided than now, or there never was a time when there were so many urgent tasks. Defense needs, aid to our allies and friends abroad, re-search, health facilities, highways and other civilian require-ments are all urgent. Beyond these are housing, the renewal and rebuilding of our urban areas, the replanning of metro-politan transportation, and a score of other urgent tasks. A resumption of growth would speedily make urgent the expan-sion of our energy and resource base, and it would emphasize the importance of the conservation of renewable and non-newab- le materials. These tasks are important for their own sake. To get ahead with them is also the way to insure the resumption of economic expansion and avoid serious economic waste. rVi Council Exposed Republican Lack of Economic Program (Continued from Page 1) What has happened? We are experiencing the most serious drop in employment since the nineteen-thirties- . Millions of workers are on a short work week. Farm income is down. So are nearly all of the economic indexes except living costs. This is also a recession that was foreseen. The tight money policy designed to cut down business in-vestment and expansion, especially of farmers, home builders, and smaller businessmen was deliberate, premeditated and stub-bornly pursued by the Republican Administration. Last fall we warned that "if this policy is continued, it may stabilize living costs by causing unemployment and economic recession. This has happened before. Excessive reliance on tight money has brought depression in the past." We now learn that appar-ently some of the President's own economic advisers had the same fears. The tight money policy did not stabilize the cost of living. After years of talk the Republican administration has yet to come up with a program for protecting the purchasing power of our dollars. It has not even recognized the nature of the recent inflation. With both automobile and steel production down to 60 per cent of capacity, It should now be abundantly clear that this inflation is not due to an excess of demand over supply. Large corporations in concentrated and organized in-dustries have been able to raise their prices even when demand is faling and they have substantial amounts of unused capacity. Only a part of these advances can be justified by wage or other cost increases. This particular type of inflation has a two-pronge- d effect. On the one hand housewives and consumers generally have to pay higher and higher prices; on the other hand workers are laid off in increasing numbers as the corporations cut pro-duction in order to hold up their prices. Nor has the Administration any program for checking and reversing the downward trend of economic activity. It has con-tented itself with saying that recovery is around the corner or, anyway, will come in the third quarter. The President has said that "pauses and some downturns" are inevitable while the economy catches its breath. We last heard this defeatist doctrine from Herbert Hoover. But the Republican failure is more serious. We must do more than avoid depressions and inflation, important as this is. We must also have vigorous expansion. Every year we add three million people to our population. This is the equivalent of the total population of Kentucky. It exceeds the present population of 29 other states. Every year some three quarters of a million men and women are added to the labor force. This is more than total employment on the production lines of the automotive industry. A growing population without growing opportunity means disappointment, idleness, and frustration. During the past few years, our rate of economic growth as a nation has in fact sunk to only about half of what it might be. During the past year or two, it has been a quarter or less of what we could have. Instead of reversing this trend, the Eisenhower-Nixo- n strategy has been to tell us that each year was better than the previous year. And the practice has been to stress those very policies which first repressed the rate of economic growth and then brought on recession. During the past five years we have lost tens of billions of dollars of production that we would have had with proper expansion, and we have had from 6 to 8 million man-year- s of unnecessary unemployment. We are now wasting productive capabilities which past growth would have given us amounting to some 25 to 35 billion dollars a year, and we are wasting the productive effort of several million men and women who need not be unemployed. Eisenhower and Nixon have no program Newspapermen Gather For 60th Annual Association Conclave (Continued from Page 1) morning: "Key to Tomorrow's Newspaper Job Shop Profits"; "How to Produce School Papers and Make a Profit;" Weekly Newspaper Representaives pre-sentation film to the automotive industry, "Roads and Wheels"; "Improve Your Newspaper with Better News Photos"; "Better Layouts Sell More Space"; "We Do Everybody Else's Public Re-lations What About Our Own," and "Answering Your Mechani-cal Questions." On Saturday afternoon at the annual association business meet-ing elections will be held to determine the new association officers and directors. The Utah State Press Associa-tion lists as its members 52 weekly, papers throughout the state. Present officers are E. Rus-sell Innes, Lehi Free Press is president; William B. Wallis of Vernal, vice president; Jack War-ner, Spanish Fork, secretary and treasurer. Democratic Advisory Council Issues Statement Outlining V. S. Bangers (Continued from Page 1) MILITARY The State of the Union Mes-sage acknowledges the reality of the danger and the need to act wisely and promptly if we are not to lose altogether and soon the capacity to deter attack and to defend ourselves. It states a conviction that "the American people will say as one man: No matter what the exertions or sac-rifices we will maintain our strength." But defense expenditures in the 1959 budget message are a smaller proportion of our gross national product than in any year since 1951. While there is to be a slight increase in fiscal 1959 over fiscal 1957 and 1958, it is not enough to keep up with the inflationary price rise that has already occurred. So when we put deed alongside word, we find that in face of the growing Soviet nuclear and mis-sile threat and the findings of the Senate Armed Services Com-mittee the President recom-mends not greater effort but less. Such increased effort on missiles and anti-missil- es as is proposed, and it is not adequate, is to be at the expense of other forms of defense. As a result, we shall, in the future, have fewer ground divisions and they will will not have adequate mobility less power to deter limited wars without threatening un-limited nuclear war. So the new military policy appears to be more dependent on nuclear de-- terrence at the very time that our nuclear strength relative to that of the Soviet Union is de-creasing. The President also calls atten-tion to the need for reorganiza-tion of the Defense Department. This need has long been appar-ent to those who have studied the matter and was the view of the minority in the first Hoover Commission report. Now it has become a matter of public clam-or and has at last moved Presi-dent Eisenhower to propose that someone act. But he has also made it clear that while we are now to have his views, a com-mittee, and not he himself, will give whatever leadership is to be given in this area in which his background should give him special competence. (Next week the statement deals with economic and other mat-ters). Miscellaneous Notices within 20 days after service of this summons upon you. If you fail so to do, judgment by de-fault will be taken against for the relief demanded in syi sM complaint, which has been fireu with the clerk of said court, and a copy of which is hereto an-nexed and herewith served upon you. This is an action for divorce. DATED February 4, 1958. JAY E. BANKS Attorney for Plaintiff 412 Walker Bank Bldg. Salt Lake City, Utah (2-1- 4 3-- 7) SUMMONS In the District Court of Salt Lake County, State of Utah RHODA ANN BRUNER Plaintiff vs. KENNETH J. BRUNER Defendant. The State of Utah to the Above Named Defendant: You are hereby summoned and required to serve upon Jay E. Banks, Plaintiff's attorney, whose address is 412 Walker Bank Building, Salt Lake City, Utah, an answer to the complaint NOTICE OF SALE KNOW ALL MEN BY THESE PRESENTS: That Globe Loan & Finance Co., of 179 East Broadway, Salt Lake City, Utah, is the Mortgagor upon a mortgage dated Septem-ber 13, 1956, which is filed in the County Recorder's Office of Salt Lake County, Utah, wherein Jack E. Sandstrom is the Mort-gagee and has mortgaged unto the Globe Loan & Finance Co., a 1953 Chrysler Club Coupe, Motor C5310675, Serial 701-1275- 3, and the amount claimed due thereon is $861.00, and said mortgaged property shall be sold at 12:00 o'clock noon on the 1st day of March, 1958, at the United Auto Recovery, 540 West 4th South, Salt Lake City, Utah. GLOBE LOAN & FINANCE COMPANY By Keith Madsen, Mgr. (2-1- 4 2-2- 1) Probate and Guardianship Notices Consult clerk of district court or the respective signers for further information. j, NOTICE TO CREDITORS Estate of ALMA CHASE BELL, aka CHASE BELL and A. C. BELL, Deceased. Creditors will present claims with vouchers to the undersigned at Suite 211, 53 East 4th South, Salt Lake City, Utah on or be-fore the 21st day of April, A.D. 1958. LOVINA PEARL BELL, Ad-ministratrix of the Estate of Alma Chase Bell, aka Chase Bell and A. C. Bell, Deceased. Date of first publication Feb-ruary 14th, A.D. 1958. Bruce S. Jenkins Attorney for Administratrix 53 East 4th South Salt Lake City, Utah (2-1- 4 3-- 7) America's most ; impressive bourbon.. madefar themmofimam! ;mm STRAIGHT BOURBON 7 YEARS OLD 86 PROOF OLD CHARTER DISTILLERY COMPANY, LOUISVILLE, KENTUCKY |