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Show The Thursday. October 8, 1959 LOOKING AHEAD Know Your A Crisis is Developing By DR. GEORGE S. BENSON The government of the United States ia faced with a critical financial crisis, one of the most dangerous in the history of our Republic. Most citizens will be surprised at this statement; many will find hard to believe. It is human nature to cast off unpleasant thoughts. In our wonderful America today, with all its abundance and pWsat-in- g economic strength, a dark spot of danger and a word or warn'ng of its presence are likely to be (mothered out of sight and sound by the brilliance of our "good times" sun. But the truth is that the whole structure of our unparalleled prosperity and economic strength could come tumbling down if the American people do not face up to the cold facts of the Government's financial crisis and make the right decisions. In a nutshell, the problem is this: The Federal government hasn't any cash to meet its bills; It must borrow $85 billion In the next 12 months, and with the present restrictions and conditions in the money markets, it must practice short-terhigh interest financing that could lead .to heavy inflation, to the crippling of the nation's productive capacity and a ruinous depression. PRESIDENT ALARMED The President, the Budget Director, the Secretary of the Treasury, g leaders in Congress and other financial experts view the situation as a mounting crisis.. The crisis can be traced to the fundamental fact that the Federal government has been spending more than it takes in, has been getting deeper and deeper in the "hole," and is managing its budget almost altogether by Now it has run into trouble borrowing enough. The source of money to borrow is the savings of Individual cor porations. A bank can't loan money unless it has depositors; an in of premiums surance company can't until it has an accumulation paid in by policy holders. It is estimated that total savings of corporations and individuals in liquid form today is approximately $27 billion. In other words there is that much money for loans and investments. But there is a demand for almost twice that amount of loans. This great demand pushes ut the interest rate. DIFFICULT TO BORROW Under legal restrictions, the Government can pay no more than 4 interest for long term borrowings. Industry and private individuals can, under present competitive conditions, afford to pay bonds more. Therefore, the Government cannot sell its long-terinterest rate. The President tried to get Con with their fixed 4Vi gress to raise the long term Interest ceiling; Congress refused. There. r. fore, the Government must now borrow reat sums on short-terThere is no ceiling on short term interest, and the Government soon will be obliged to pay more than 4 4 per cent The financial experts expect the short term interest to jump 5 or higher. Short term government sedurities usually mature In 13 weeks or 26 weeks. Therefore, stop-ga- p financing must be practiced. No long- range management of the big debt and annual money requirements of the Government is possible under present laws. The proper word for the management of our Government's fiscal affair today is "frenzied." And the situation is growing worse. BIG DEFICITS In the last 10 years, there have been seven years in which the Federal Government spent more than it took in. The total deficit spending for these seven years, including fiscal 1959's $12.9 billion deficit, was $39.5 billion. The yearly Federal Budget now is running approximately $80 billion. The Federal debt has climbed to approximately $290 billion. This isn't just a vague figure. It is a real debt, costing interest at the rate of nearly $8 billion a year, and having to be constantly refinanced. If the interest rate which the government is obliged to pay continues to climb, in view of the tremenddus sums which the Government must refinance every few weeks, it may be forced into the destructive practice of forcing the Federal Reserve system to issue "printing press" money. This would rob every citizen through inflation and endanger the whole structure supporting our economic well-bein- g and our freedom. One solution to this dangerous developing crisis wduld be to drastically cut government expenses. The other or sharp, perhaps would be to drastically raise taxes. One of these runaway inflation! Which shall it be? It is your decision to make. sound-thinkin- m m pa-gpe- severity of the heart attack. IL Be slow and deliberate in the action and attitude you exhibit to the patient Take longer and do the job with as little ef fort as possible. Movement of the patient should be minimized. III. Don't permit the patient to walk out of the area. He may feel equal to the effort after the initial attack has subsided, but undue effort now may be the determining factor in the severity of his attack. IV. Improvise a stretcher or litter from materials available to you, tree branches, coats, blankets, etc., may be used for this purpose. Let group meets Mrs. Rodney Morrison was read the Greek hos- play, Rex", by Sophocles. "Oedipus tess to members of the Simada Study club at her home last week. PARTY AT RICH HOME There were 12 members and two Mrs. John D. Rich entertained guests present The 'guests were a group of ladies at her home Elva Korth and Laura Rhinehart. ast Wednesday night. They enThe lesson, "The Meaning of joyed luncheon and playing pinTragedy", was given by Ruth ochle. Prizes went to Frances Frederickson. ILaura Rhinehart Hunsaker and Ruth Heppler. Scftapboofe The Garland Times Published by the LEADER PUBLISHING- COMPANY, Inc. - COMMUNION over-exertio- he patient take the position that is most comportable to him. This may be lying flat or in a position halfway between lying and sitting. VI. Loosen tight clothing such as belts and collars. VII. Keep the patient's body temperature as near normal as possible. Avoid chilling but do not over-warthe patient with hot water bottles and blankets. The vital organs of the body the heart and brain need the blood supply during the period of shock more than the skin does. VIII. Alcoholic beverages tend to dilate the blood vessels of the skin. DC. Remember your head may save a heart. V. Ctey'g Editor and Publisher Have you ever heard the wind in the pines. And the rustling of leaves at night, And sat by the side of a comrade Round a campf ire's friendly light? Have you ever climbed to a mountain top Where soft, cool breezes blow, And seen, spread out before you, God's green garden down below? ' " r s W Uiilfllii If lin 1 ' T' SUBSCRIPTION RATES (In advance) $3.50 per year and Mrs. Lewis Cash and family DINNER IN FAKB WEST Mr. and Mrs. Rudy Miller were in Burley, Ida, Mrs. Cash is a Sunday dinner guests at the home daughter of the Wights.. of Mr. and Mrs. Jack Chugg in Farr West WEBBS VISIT PARENTS Mr. and Mrs. Russell Webb and WIGHTS TAKE TRIP their children drove to Lehi, SunTO BURLEY day, where they visited with their Mr. and Mrs. A. N. Wight re parents, Mr. and Mrs. Cecil L. turned home after visiting for Ash and Mr. and Mrs. Eugene some time, last week with Mr. Webb. If you've spent one day in the mountains, Travelling o'er its sod, Ydu've spent one day in Heaven Communing with your God. LaMont W. Olsen Returning Missionary Writes From New England States I would like to some how thank all the wonderful people at home who have given me both monetary and moral support, and I will be looking forward t o renewing friendships in the next few weeks. Sincerely, Elder Haws Marble VISIT HARRIS Mr. and Mrs. family, Layton, at the home of ttlV. W .W- .H"' f VUTV Entered at the post off.ee at Premonton, , Utah as Second lass matter October 15, 1925, xnder act of March 3, 1879. Have you ever laid awake at night, And studied the stars in the sky, And heard the rush of a mountain stream, Or a far off eagle's cry? Dear Mr. Ryttlng: As I come to the close of the most wonderful two years of my life, I feel a deep sense of gratitude to my Father in Heaven and many wonderful people. Thus I would like to thank you and those who work with you for sending me the "Leader" for the major portion of my mission. It seems that more changes have taken place in and around the Bear River Valley in the past two years than any other equal period of time. I am grateful to the "Leader" for giving me an idea of these many changes which have taken place. Also, there have been many new worthy events that I wouldn't have known about without the paper. Here in Nova Scotia is some of the most beautiful country there is in North America. It is a fitting climax ot my two years in the New England Mission. Previously, I labored in Pittsfield, Mass., Samford, Conn., and Port land Maine. All were wonderful places where I met very wonder ful people. It will be almost as hard to leave here as it was to leave home when I came to New England. It has been very broadening to be here In New England which is so full of history and tradition. Although I had very little time to see any, I think a person could spend years here visiting places of historic interest The growth of the Church here in New England is tremendous in comparison to what it has been in the past. This is because the people have found out what really is. the prudential is pleased HOME Douglas Laes and visited Saturday Mr. and Mrs. Jule to announce the appointment of . . . Harris. EDWARD "Ladd" SCOFFIELD DOCTOR AND FAIMILY VISITS Dr. and Mrs. Don Hansen and their five children came Friday to visit at the home of Mr. and Mrs. Leland Hansen. Mr. and Mrs. Willard Hansen, Montibello, Calif., also were at the Hansen home Sunday. ... as a district agent in TREMONTON and GARLAND residence phone AL ATTEND WEDDING IN OGDEN Mr. and Mrs. Dennis Miller attended the wedding ceremony and to reception of Gaylen Bowvutt Sharon Betteridge in Ogden, Saturday evening. THE PRUDENTIAL INSURANCE COMPANY OF AMERICA A Mutual Life Insurance Campany Los Angeles, Calif. Western Home Office REPEAT OF A SELLOUT! BIG CARLOAD PURCHASE and at ANDERSON SALE "Mor-monis- LU MBER DOOR ONLY FULL ONI-INC- H THICK XTRUDIO ALUMINUM Put y!ur money) FULL LENGTH PIANO HINGE Money in a pocketbook or purse always seems to get spent faster than money in the bank. That's why so many people who get ahead financially control their money in a First Security checking account. When they receive money, uAcy then pay bills or make purchases by check. deposit it TWO and ADDRESS PRINTED FREE ii y ON i EASIEST TERMS 'Professional installatioa arranged at nominal cosH RC MOVABK LITES OF t GLASS 1 & run Hiwn n Rosloco Taa Okm tat huh tVn ;. 3 ti ll More D Luxe Features Than en Any Other Doer At Anywhere Near This Lew Pricel ,tf j it I hi TROUBLE-FRE- E LATCH IMROSSID ALUMINUM PNEUMATIC KICK PANEL DOOR CLOSER WMi loi'Mll Shock i FULLY SCHLIGIL WEATHER. STRIPPED CYCLONE CHAIN to Absorb Hoavy Wm4 Shock REINFORCED CORNERS Rif i4 Cmmi vclim YOUR NAME . lostaHatioo will help you control your ahead financially, we challenge you to try it get ! in Trovblo-Fr- If you don't think this system money and for a couple of months. You'll be forever grateful ' . tit Prft ftrmaiMM a ltd for and we Net result: they have a record of all expenditures do all the bookkeeping for them, periodically forwarding a statement of all deposits and expenditures as well as returning cancelled checks. where you have control of it! lh; i! V- '-; AUTOMATIC AOJUSTINA EXPANDER on ALL CHECKS Checkbook wallets also free! Your choice of 2 kinds of accounts Regular or Chcckway HEAVY DOOR JAMS SPICIAl Ot "MI-HUN- MODEL AVAILABU THI QUALIFIED COLD WEATHER $f 1959 The LEADER By L. C. Christoyherson During hunting season there are more casualties each year from heart attack than from gun shot wounds. "This was a state mer.t made at the recent training session of the Utah Fish and Game Department personnel. The Utah Heart Association, as one phase of its public education program, offers the following suggestions to the deer hunter for happy hunting: I. Check with your doctor. Are you in physical condition to stand the exertion of the hunt? II. Be your age. Are you ex pecting as much of yourself as you did when you were young and in good physical training? III. Stop short of fatigue. Re n such spect signs of as shortness of breath, pain in the chest and exhaustion. Should you or another hunter have reason to believe you are having a heart attack, consider the following points: I. Don't panic. Increased fear and apprehension add to the m Simmda Study jftom Heart Before You Hunt it Thursday. October 15. LEADER Come in and see the AHEAD! O SAVE ON FUEL BILLS f , in n Feafher-Lii- e a, 1,. now! , KEEP COLD AIR OUT ADD BEAUTY AND VALUE A LIFETIME wfimhoi- - INVESTMENT Co. Found mate in own ward 209 Wet Mala AL I |