Show pWtWm -- r 'i The Salt Lalie Tribune Sion day Febrnary IS 1957 Abe Martin Glance at the Economy! Tribune Exclusive 'Knows the Answer? Inflation or h r soU: tlrd thm day about tha t coat ( worry beainntn f tlvtn They about th future In the following of five aaria arucla firat of Proaa Holman- - Morhv Aawotatcd f PC-oatari writer tell about tha r th economy) ant aUta Ppl (Editor1 By Reiman Morin ’ Associated JPress Writer In Connecticut the other day an accountant in businesa for himself decided not to buy an -automobile Just now said "I "Can’t afford it" he tan’t raise my feet fast enough to keep up with the costa of living and doing business” In Michigan a home builder looked at 12 new houses— empty He laid he would have to sell them at a loss "You can’t get anybody to take mortgages at 4 or even 5 per cent" he said In a amall Midwest community the school board revised the blueprlnti for a new high school Rising Interest rates on the borrowed money ate up the equivalent of lour classrooms And across tha nation local much money In taxes la It holdgovernment set another record ing down the spiral?" approving $2H billion for And most of all they were schools - hospitals- - roads - im- asking! r — "What will my dollar buy provements The cost of borrowing these sums will run Into next year two yean from now? Should I aave now or buy bemore millions fore prices go higher? What What did It all add up to? "Inflation" some people about my Job?” said Too many— individuals Ther wera many views wanting too many things too "W have embarked or anmany businesses and govern- other era of Inflation" aald ments trying to do too much Sen Harry Flood Byrd And mostly on credit mortgag-- D-V-a) ing the future ‘Tight money" said others That meant limply that aa the demand for credit swelled you paid higher Interest rates to borrow money It hit many people particularly the home builder and the small businessman X Stilt others said It was the forerunner of an "adjustment” or a "flattening out process" aald The blunt-spoke- n EVERYWHERE men were taking a long hard long look at In Detroit automobile men— the American economy Everyeptlmistic now— are waiting to where In all walks of life peosee whether spring will ring ple are asking the ama questhe usual surge In sales In New York traders looked anxiously at an uncertain stock market tions! - - — - "IIow long can this go on? Is the credit pyramid too big and getting shaky? Or should In Washington the federal th Federal Reserve make borrowing easier? Is Washington budget $71800000000 set peacetime record No tax cuts In itself pushing Inflation with this budget? Or by absorbing so light chairman of the Senate Finance Committee Former President "THERE IS no consensus that anything U fundamentally wrong but there la a consider-abe- l "belief "thaFmore ” serious problems can develop unless what appears to be ominous trends are either voluntarily modified or deliberately restrained” ' Similarly Arthur D Dietz president of the CIT financial Corporation said: "Even those of us who have not formed hard and fast Judgments srb well aware that Something is happening to our money and the economy and we logically want to know more about it" Now let's take a look at two Cur-tie- d - Income— from a pension saving! social security — discovers it doesn't pay tha bills any moreZZI The professional man like the Connecticut accountant has trouble raising his fees as rapidly as his costs go up Some analysts estimate that the dollar Is losing buying power at about 3 per cent a year In 10 year then It Is worth only 70 cents That Is "Inflation" As It spirals faster people slow up In buying A businessman decides not tobuild a branch plant- - buy new ma- Th’ feller that's goln’ t' th’ chinery That means fewer Jobs do is alius lookin’ ter America needs Vk million new t' go with him Jobs every year Suddenly the spiral can turn more an estimated $22 billion words Into a “depression" downward Few people who were alive in What’s the probably the biggest figures answer? since World War II the 1930’s have any doubt about What will happen this year? the meaning of "depression" It PRESIDENT Dwight D Elbrought unemployment busi- senhower has urged self reT a e s d a y: How today’s ness failures foreclosures wide- straint on the part of managefor money and conprices ment labor everybody Few spread suffering affect obtaining a struction simIs however "Inflation" people believe his plea will be classroom for your child cost the for word another heeded ply — ADVIBTIIIMSNTof living for the price of someThe Federal Reserve System Worry of thing you buy or the bill for the with Its controls is trying to services of someone you hire "lean against the wind" to regulate the flow of money so as to The housewife sees It when ‘ Slipping or Irritating? she compares her grocery permit healthy business expaninflasion without Herbert "Secretary Humphreys says that unless we change some of our ways we will see a depression that will curl your hair Mine has already been curled ones and I think I can detect the signs" "There Is too much growth not too little" said Carl E Allen ’ president of th Federal Reserve Bank of Chicago But others disagree In whole or In part "Inflation results from a shortage" said Harlow H president of General Motors "When the capacity of the country Is equal to consumer de- bills mand then I think we see very The man who put aside $3000 little Inflation" M five former Dodge years ago for his son’s col Joseph budget director and now chair- lege education now finds that man of the Detroit Bank and It isn't enough The person living on a "fixed" Trust Co said: observed Hoover -- 11 Am Ike BudgctiShocks’ Industry Chamber President Asserts B next year" he said By Associated Press NEW YORK Febrl7-- Perry M Shoemaker president of the New York Chamber of Commerce said Sunday President Dwight- - D Eisenhower’— pro federal budget "has posed businessmen everyshocked where” He said the budget was too high and Also was “misleading" criticism was Shoemaker’s made In a letter he sent to the -- 2000 members organization’s and to other Chambers of Commerce throughout the country He urged action directed at congressmen with the aim of having the budget rut OM SHOEMAKER particularly criticized a proposed 14 billion dollar welfare item In the budget and said the figure "la but a" start”" Provisions of the pro-- " posed welfare activities included in the President’s budget he said would take “more and more responsibilltlea from the com- munities and states" Shoemaker described Mr El- senhower’s proposed sehool building aid program as "one of the most dangerous federal projects to be progressed in our lifetime” some-budd- y Mr Eisenhower's proposed budget Shoemaker said is "misleading” Actually he said the figure Is closer to 83 billion dollars "Cash taken from the pockets of citizens and corporations will be about 86 billion dollars in the sffvs - FALSE TEETH accelerating tion Last year more people were working than In 1955 earning more spending more piling up debts for things bought on Installment But they also saved Don’t bt tmbumued by loos fait Wtth illpplni dropping or wobbling when you eat talk or laugh Juat prtnkl a llttla EA8TEETH on your plate Thll pleasant powder glvei a remarkable tens of added comfort and security by bolding plates wiora firmly No gummy gooey pasty taste nj lt's aikal Get TASTEETH at any drug counter OMSMCil For Every Meed I I r art Stlling A marital TOILET TANK BALL NoUy running Solleta cwn watte evtr 1000 gallant of wafar day Th alflcitnt potentad Water Metter ball intfanfly tfopt the tank flaw of water after each fluthing 20IS0UTHIMA m 75c AT HARDWARE STORES Makes this big and brawny new Buick such a bargain is a lot of things First of all its price level — which you can see here Next is newness-b- ut complete newness Brand-nebody Brand-neBrand-nebrand-neinteriors A styling w w w w car designed with taste and built with exacting care Z But you get the big story on newness when you take the wheel For it’s then you discover that Buick is the dream - car of the year to drive You find a new and sparkling performance from the engine and the new Variable Pitch Dynaflow that's literally instant in response yu find new comfort new handling ease new ride sure- - ness from a new kind of chassis that “nests” M the new body That’s the magic that gives you the superb new roadability of a lower center of gravity without sacrifice in road clearance — arid the magic that gives you a much tower car with full head room legroom and Jootroom for 6 passengers 4 top-torq- all-ne- ue w wide-fram- e i "Yet— look at that price level again If you can afford any new car you can afford a Buick — and you get the dream car of the year to drive Why wait? - See your Buick dealer now Vw Aivatai It fa atandard a (A Variab! PiUK Dynaltie It (A anty Vyaafien Bunk tuitdi May Roadmaitar Super and Century — aptiauat i medut extra eat I 2W-"- 4' Special UHWUMNIOMU t ' ' s v v i WHEN AM Per-h- o BETTIB AUTOMOBILE BUILT BUICK Will pref SUHD THEM or Yourself v y itch a Cm SPECIAL t CEI'f'TURY' SUPER ROADMJYSTER loo on' rU5 raTI T05522£i OR Sop Your Authorized Buiclc Dealer ' 'loniicf) en Eoaom?ti opfioaolsl coil oa olfi A i AMk4jisaniaRk eta C Mb i j 22yej held after -- "wild South perso woun D D S the Pol least Jnterl early |