davidaulloa/AmericanStories huggingface dataset:
Montana farmer-stockman. [volume] (Great Falls, Mont.) 1947-1993, 1950-05-15
Signs Show Moderate Deflationary Trend

ply since the government will be
able to borrow most of its require
ments to cover the deficit from
sources other than banks
The combined federal, state, local
government, corporate and private
debt only equals about so percent
of the national wealth at present
price levels and the current federal
deficit is equal to only about Is to
20 percent of the yearly increment
in wealth through savings and in
vestment.
Barring Another War
Barring another war. we face no
risk of currency initiation, printing
press money, or. decline in the
value of the dollar relative to gold
or the price upheaval that would
follow, as predicted by few ex-
tremists.
While convertibility of the cur
rency to gold is denied to the indi-
vidual, the treasury department
maintains parity with gold by freely
buying and selling gold bullion in
transactions with foreign govern
ments and banks at the established
price of $35 an ounce. Only the en-
ormous cost of another war piled
on top of the present large debt
would be likely to cause the dollar
to lose on gold.
The accompanying CHI art
shows the price changes since
prewar which have accompanied
or been caused by the money
supply changes In 10 different
countries. The United States and
Switzerland maintained prewar
gold values of their currencies.
Canada deva1ued percent, I'm
tied Kingdom, Sweden and Neither
lands, 80 percent, and Mexico, AZ
percent. France, Italy and Japan in
flated to varying degrees with paper
money. New values of their currency
units are only small fraction of
prewar in terms of the dollar or
gold.
2. Home mortgages and INSTALL
ment buying and other private and
corporate borrowing, in so far as
they depend on bank credit, tend
to expand the money and current
purchasing power and to speed turn
over. Aided by large bank reserves
and low interest rates, some fur
ther expansion of credit is probable,
: but the amount probably will have
only minor inflationary effect.
8. Union pressure for increases in
wage rates and pensions exceeding
the gains in productivity of labor
per man hour tend to put more pur-
chasing power in the hands of con-
sumers and raise unit costs and
prices of industrial goods and serv-
ices. Increasing unemployment, due
to growth in the population and la
Dor force, will partly and perhaps
I wholly neutralize this pressure.
Deflationary Influences
Now for the forces likely to be de
flationary:
\ l. The supply of industrial good
| and services is likely to increase a
present prices. Those levels ar
| generally quite profitable as shown
by corporation earnings. Labor an,
Montana farmer-stockman. [volume] (Great Falls, Mont.) 1947-1993, 1950-05-15


look for the next few years held
by economic forecasters now in
eruption run the complete gamut-
One warns of coming scramble
for cash with unsold goods piling
up, prices plummeting down and
about one business out of three
being forced to the wall. .
Another was shouting from the
housetops a little while back that
wild initiation was coming and adj
vised immediate flight from the
dollar by converting currency, bank
deposits, bonds and life insurance
cash values into tangible productive
goods and real estate.
Businessmen also hold quite di-
vurgent views on what's ahead One
leading mail order house has been
shortening sail, building up cash
reserves, getting ready for the AK
to fall" Another has been expand
ing, opening new outlets and MAIN
tanning full stocks, in expectation
of continued large sales and reason
ably stable prices.
The public shows no indica-
tion of great concern either
way. There is no widespread
flight from the dollar into
things in expectation of soaring
prices. Indeed. on balance. peo-
pie have been adding TO their
saving deposits. savings bonds
and life insurance policies.
On the other hand, the continued
high rate of consumer spending for
autos, homes, home furnishings and
appliances as well as, consumers
soft goods betokens no fear that the
bottom is going to drop out of prices.
This observer does not pretend to
be able to set everyone straight on
the matter, but hopes to throw a
little light on some of the issues.
He will tread water in spots where
he is beyond his depth.
What Are Initiation. Deflation?
First, what are initiation and de-
flation? You will find many defini-
tons. One of the best defines in
flation as an increase in the money
supply accompanied by rise in the
general price level. Deflation, ir
turn, is a reduction in the money
supply that is accompanied by {;
fall in the general price level.
Prices are likely to rise when thu
money supply increases faster thai
the volume of goods or trade an,
are likely to fall if goods supple
increase relative to the money sup
ply. An increase in the rate of turn
over of money has the same effec
as an increase in the supply. With
limits, however, prices can rise with
out an increase in money and tn
money supply can increase withou
rise in prices.
During the war, the governmer
greatly increased taxes, but ais
borrowed a vast amount of none
to finance the war effort Part {
it was borrowed from individual
where it absorbed purchasing powe
but large amount was obtained b
using the credit and money-creatir
powers of the banking system.
Much of the money eventual
went into the pay envelopes
Evening star., 1950-04-28
VA Studies Diseases
To Find Unsuitable
Type Of Serviceman

The Veterans Administration is
trying TO ascertain through medi-
cal studies whether there is a type
of man or woman who the Armed
Forces should never accept.
Through a system of medical
research in VA hospitals and clin-
les throughout the country, and
by contact with % medical schools
and four hospitals, it is also seek
ing medical "yardstick" by
which this fact can be determined.
Special emphasis Is being made on
investigation into neurophychiat-
ric and tuberculosis cases.
One university and one hospital
In the District have been selected
to participate in the program
which is nearing completion. The
George Washington University is
conducting research in psyche
neurosis, while Garfield Memorial
Hospital is studying the effects of
million-volt irradiation.
Three Other Answers Sought.
There are three other answers
which the VA is hoping will come
out of the program. They are
trying to ascertain whether there
is better way of taking care of
servicemen with such disabilities
in future wars; what kind of a
patient load can be expected in
VA hospitals in the future, and
what can be done to improve the
care of patients with such dis
eases in the veterans hospitals.
There are % major illnesses and
disabilities being studied.
The study of schistoSomiasis, for
instance, is being studied by five
universities. This is a disease
which was said to have been con-
tracted by many men in the rice
paddles and sWamps of the Phil
ippines and Southeastern Asia. It
attacks the liver, bladder. and
rectum. In this connection, it
was disclosed that the United
States Public Health Service is
making a correlated study to de-
termine whether the parasites
which cause the disease could get
into fresh-water streams in this
country through pollution, and in
turn, infect certain types of snails
which would release infective
form parasites into the water.
Preliminary reports indicate that
there is presently no real danger.
Other Diseases Studied.
Studies also are being made of
acute infectious hepatitis, peri
pheral nerve injuries, peripheral
arterial injuries, psychoneuroSis,
neurocirculatory asthenia, post
traumatic epilepsy, cardiovascular
syphilis, testicular tumors and the
comparative incidence of tubercu-
1oSis in student veterans and stu
dent non-veteranS.
Doctors in VAS Research and
Educational Service hope that the
program will make a substantial
contribution to the general store
of medical knowledge inasmuch
as each of the studies can be made
on a large number of veterans
who contacted their disabilities
under similar conditions.
Evening star., 1950-04-28
Marriott Heads Committee
On Unwilling Young Statue

j. Willard Marriott has been
chosen chairman of the local
committee on arrangements for
a ceremony to unveil the statue
of Brigham Young, noted Mormon
leader, in the Capitol on June /.
Mr.. Marriott is president of Hot
Shoppes. Inc, and president of
the Washington Stake of the
Church of Jesus Christ of Latter
Day Saints.
Other members of the COM
mittee are Representative Reva
Beck Bosone, Democrat. of Utah;
Robert w. Barker, president of
the Utah State Society; Ben E.
Lewis. Elsie Cook, Mark Austad,
Otis Peterson, Alton B. Moody,
Mrs. Edgar B. Brossard, Mrs.
Ebert D. Thomas, Mrs. Arthur v.
Watkins, Mrs. Walter K. Granger,
LIE Grand Maxwell, Crawford
Gates and Chester w. Hill.
Evening star., 1950-04-28
New Duties on Liquor Eecnq 1922 Slash Asked by Treasury

ible.' administration experts said
The savings would come from
a change in the method of calcu-
latlng the levies.
The reduction from the present
tax and duty paid on spirits would
come about from shifting appli-
cation of the rates from the pres.
ent liquid quantity basis to ar
alcoholic content basis.
Under present law, customs ap-
praisers are required to base theil
valuation findings on foreign
value" (meaning prices in the
country Of origin for home con-
sumption) or on an export value
tmeaning prices for export to the
United States), whichever il
higher.
Evening star., 1950-04-28

police officers had been condemned
10 death by the regime OF Wet
Mini Leader Ho Chi Mini for
causing the death Of a number
Of Wet Mini patriots"
The attackers shot Mr.. Bazin
twice. mortally wounding him. and
then escaped in q car.
MFR. BaZin, As. had entered police
service in France in 1928 and held
Evening star., 1950-04-28
by the Assoeioied Press

The Treasury sent Congress a
proposal today calculated to cut
81 cents of the present S2.10-a-
bottle tax and customs duty on
imported whisky.
The prospect of cheaper prices
for Scotch drinkers providing
the saving is passed on to the
consumer-was held out in a bill
to simplify and expedite" customs
procedures affecting foreign goods.
The bill would mean similar tax
and customs duty savings on all
imported distilled spirits.
The 21-cent cut would apply to
the customary fifth-of gallon
size bottle. Bigger bottles, now
rare, would get the same 10 per
cent reduction.
Evening star., 1950-04-28

They would be exempt from the
20 per cent retail excise tax borne
by comparable United States
goods, as well as from the duty on
foreign goods. Experts said the
$40 wholesale value might well
cover some items retailing at $40
or more.
Many Articles Exempted.
Cigarette lighters, foreign laces,
sweaters and other articles Of
clothing would gain exemption
from duty rates which push up
their selling prices here. There is
no Federal sales tax on them even
now.
The complex, 43-page bill does
not propose any changes in rates
Of duty. and it does not materially
affect amounts of duty collect
Evening star., 1950-04-28
Spur to Mail Order Trade.

Spur to Mail Order Trade.
Experts said that next in i'm
portance to the savings on i'm
ported distilled spirits, as far as
consumers are concerned. would
be a provision that could spur
direct mail order business between
Americans and foreign sellers of
goods priced up to around $40 or
so retail. )
This would come from exempt
ing from all United States duty
and taxes single shipments of
goods which customs officials
figured to have a wholesale value
of $40 or less IN the country of
origin.
The savings would be impor-
tant for perfumes. jewelry. purses
and other items.
Evening star., 1950-04-28
IIndo- Chinese 6unmen SIay
'Hiqh French Police Official
~ the Assceic.ed Press

SAIGON. Wet Nam. Indo-
China. Apel %. Indo- Chinese
assassins today killed 'Lucien
Bazin, assistant French police
chief in Wet Nam, in q daring
daylight assault before his home.
The Communicated Wet Mimi
rebels announced on their clan
destine radio a month ago that
Mr.. Bazin and IL other French
Evening star., 1950-04-28

various posts in the government
Of Indo-china. He became chief
adjutant OF police here last year.
Job he held Of the time Of his
assassination.
Evening star., 1950-04-28

On Sale Saturday
at $3.50
Two lovely -end sturdy Wemsutte
eottons Lustereoie Of fine Pine
eottons Sutteseope Of eombed
yern-dyed eottons both
stubbornIy fade-resistent. pre-shrunk 50
shrinkase is less than 10.
Lustereele deep green, pink,
squo, blue, lime, raspberry, brown
Or navy .. sizes 10 to Is.
Sleeveless shirt. $5.95
Halter, IS
Bermudo shorts, IS
Shirt blouse, $7.e5
Plunge blouse, S5.e5
Skirts, Z styles, each, $7.e5
sutteseope ereese-resistent checks
and pIoids thot mix in friendIiest
fashion look newest new.
Blue. green or brown.
Sleeveless plaid blouse, $7.e5
Checked bow blouse, $7.s5
Pioid or checked shorts, IS
PIeid Or checked shirt, $8.95
W&L-Sportswear Third Floor
Fine Womsutto-B Byn Mowr seporetes at
our Pentoson Broneh Store, Zoo.
Evening star., 1950-04-14
Mrs. Kerr Guest
At OAR Luncheon

Mrs. John Morrison Kerr, can
didate for treasurer general of the
Daughters of the American Revo-
luton, was guest of honor at the
luncheon given today at the Co.
lumbia Country Club by the
Susan Riviere Hetzel Chapter of
the District OAR in celebration of
Its 39th anniversary.
Also honored were Mrs. James
D. Skinner. State regent-elect;
Mrs. William A. Becker, honorary
president general; Mrs. William H
Pouch. honorary president gen.
eral; Mrs. Everett l.. Repass. state
regent of Virginia and candidate
for vice president general; Miss
Virginia Horne. state regent of
North Carolina; Mrs. Harry c.
Oberholser, past curator general;
Mrs. Lyman D. SWormstedt, past
registrar general, and Mrs. zeb-
ulon Judd and Mrs. Arthur Row.
botham, past vice president gen.
erals.
Mrs. Harold E. Doyle is the
luncheon hostess.
Evening star., 1950-04-14
UDC Group.
Suggests Plan
For Endowment

The endowment of a chair of
Southern history at a local uni
versity has been recommended by
the board of controls of the Rob
ert E. Lee Memorial Fund of the
Robert E. Lee Chapter, United
Daughters of the Confederacy
At its annual meeting this week,
Mrs. Maud Howell Smith, chair
man of the board, urged the adop-
ton of the plan and its presenta-
ton to the entire chapter for final
approval
Over a period of years. the
board of controls has amassed a
fund of $11, 900 through it's bene-
fits, sales and investments. It
has contributed to the restoration
of Stratford, the birthplace of
Robert E. Lee, and to the Robert
E. Lee memorial window at Wash
Angton Cathedral.
Mrs. Smith was reelected
chairman of the board at the
meeting. Other officers are Mrs.
o. H. McWhorter, vice chairman;
Miss Liza Carpenter, secretary;
Mrs. Clarence E. Engel, treasurer,
and Mrs. Linwood Phillips, audi
NA
Evening star., 1950-04-14
Novelist Dorothy Roberts
To Address Writer'S Dinner
By Gregory d'AIessio

prospective students of the college
will be guests at the tea. Mrs. Iona
Smith is president of the club.
Theto Sig Dinner
Miss Carmela Tjada and Miss
Carolina Nabuco will. be guest
speakers at a dinner meeting OF
Theta Sigma Phi, national honor
ary professional fraternity fol
women in journalism, on Wednes-
day at the headquarters of the
American Association of Univer-
sity Women, 1884 I street NV
Miss Tjada, an educational spe-
cialist from Peru, is with the Par
American Union, and Miss Nabu-
CO, an author, is the sister of the
Ambassador of Brazil.
Evening star., 1950-04-14

W1l1 VIC q va n
on writing by Capt. Walter Karig,
U. S. N, author of "Zotz" and
other books.
Miss Peggy Glazier will give a
monologue, and John Jay DAILY will
recite his famous Toast to the
Flag" Thomas G. Gentel. the
club president, will introduce the
speakers, and DR.. Scott Wilker-
son will give the invocation.
A 12-piece orchestra will pro-
vide music during the evening.
AAUW Bouquet
The Bethesda Chevy Chase
Branch of the American Associa-
ton of University Women will
have it's annual spring banquet on
Monday at the Westmoreland
Congregational Church at 6:45
pm.
Inside AAUW" will be the title
of skit to be presented by the
creative writing section and arts
group. The skit will be a general
satire on branch committees ir
action.
Mrs. Eugene w. Weber is in
charge of arrangements for the
banquet and is being assisted by
Mrs. Hugh Jackson.
Dean to Be Honored
Miss M. Helen Marks. dean of
the Pennsylvania College for
Women, will be guest speaker at a
tea to be given tomorrow by the
Washington Pow Alumnae Club
at the home of Mrs. Harry W.
Rankin, 4347 Fessenden street
NV.
High school students who are
Evening star., 1950-04-14
Daughters Plan
Historical Tour

The District of Columbia Divi-
sion, United Daughters of the
Confederacy. will sponsor a his
torical pilgrimage and tour to Ap-
pomatox, Va, on Sunday.
The dedication of the Mclean
Surrender House" will be one Of
the highlights of the day. The
house has been restored as a
museum.
Mrs. William B. Sinnott, division
historian, is general chairman OF
the tour. assisted by Mrs. May c.
Kinney who is in charge of trans
portation.
The division president. Mrs.
Ada B. Holt. is taking reservations
at the Bellevue Hotel.
Evening star., 1950-04-14
Modern
Marriage
Scale Helps Study
OF How Manly
Men Should Be
By Dr.. Paul Popenoe

Am I a man or am I not q
mani" Mr.. K. demanded bellig-
erently.
How should I know" I
countered.
He merely glared at me and I
fastened on: You look like a
man and dress like one. But there
is more to it than that. 1t isn't
question of who is going to be
boss in the home, or how much
you are entitled to go out nights,
either. That's what you and your
wife have been quarreling about
You can't settle that quarrel by
asserting that you are a man. But
let's start there.
Sex traits are SO complicated
that it is no easy matter to
measure them. But this simple
rating scale which I made up for
Mr.. K. might be useful to you or
your friends:
/. I enjoy hunting or fishing.
2. I like to read magazines that
deal with popular mechanics.
3. I take an active interest in
political campaigns.
4. I enjoy being with men who
dress carelessly. call each other
by their first names, and play
practical jokes on each other.
5. I can handle snakes without
SqueamishneSS.
6. I like to have a few women
friends rather than a great many
of them.
7. I would like to be the sport
ing editor of newspaper.
8. In reading a magazine, I
avoid love stories.
8. I volunteer to fix the faucets
or electrical wiring in the house,
or to find out what is the matter
with the car.
10. am glad that I am not a
girl.
Score yourself with 0 for
rarely" mot at all";; / for
sometimes" or moderately" and
2 for always" or definitely"
Your maximum score would be
20, denoting masculinity. If you
score below 10 you might we'll
stop and think!
Evening star., 1950-04-14
Quota Club Plans
Tea ArIinQton

The recently organized Quota
Club of Arlington will have a sill
yer tea from 2 to 6 pm. Sunday
at 1880 Wilson boulevard. Pro-
ceeds. from the tea will be do
mated to the Hard of Hearing
Children's Society.
The entertainment will include
movie shorts and film in techni-
color featuring styles of four years
Evening star., 1950-04-14
Miss MeoIey
ToAttend PurIey

Miss Margaret Mealey OF Wash
ington, executive secretary of the
National Council of Catholic
Women. will attend the third
study week of the Interna-
tional Union of Catholic Wom-
ems Leagues. to be held in
Fribourg. Switzerland, Sunday
through Thursday.
The study week program
will be devoted to interna-
tional organizations, including
the United Nations and its spe-
cialized agencies, and the task of
private organizations in conjunc-
ton with international relations.
Following the meeting, Miss
Mealey will visit Italy, France,
England and Ireland.
Evening star., 1950-04-14
Wonnen's
Clubs
Election Planned
By Daughters of
Colonial Wars

The National Society. Daughters
Of Colonial Wars, will elect Of
f1cers to serve for the next three
years at the 18th annual meeting
to be held tomorrow and Sunday
at the Mayfower Hotel.
Mrs. Benjamin Buckley will pre- :
side at an open meeting which
will follow a luncheon at 1890
pm. tomorrow in the East Room
of the MayfloWer. Earlier the Ma
tional Council will meet at 10 a m.
in the North Room, and a me-
mortal service for 20 deceased
members of the past year will be
held at 1:30 pm.
A high light of the meeting will
be a tea on Sunday from 4 to 6
pm. at the Washington Club for
the newly elected national officers.
They will be introduced by 1t.
Col. Edwin S. Hartshorn. jr., U. S.
A. Past national presidents also
will be in the receiving line.
Mrs. Arthur C. Houghton is gen.
eral chairman of the meeting and
hostess president will be Mrs.
James Emmett Sebree, State
president of the District, who will
extend greetings to the delegates.
The National Lineage Book,
published every ten years. will be
distributed at the conference.
Mrs. George B. Hartman and
Mrs. Robert Van Denbergh are
chairmen for the luncheon, and
Miss Mary C. Oursler is chairman
for the tea.
Miss Oursler will be assisted by
Mrs. Frederick G. Bauer, national
chairman of hospitality, and Mrs.
Leonard G. Runstrom. Newly
elected State presidents will pour,
and the retiring State presidents
will serve as hostesses.
Evening star., 1950-04-14

Club of Wash
ington to be
held at $50
pm. tomorrow
at the National
Press Club.
Au t or OF
f ur ov e ] S,
Miss r o b e r t S
will speak on
h er experience
with a g e n t S,
e d i tors a n d
publishers.
Also featured
on the program
Evening star., 1950-04-14
ToDic Announced

Nelson T. johnson will be
moderator for the lecture program
to be sponsored by the United
Nations Forum on Wednesday at
the Shoreham Hotel. The dis
cussion subject will be The Chal-
lenge to Chinas Frontiers"
Evening star., 1950-04-14

Dorothy Roberts, novelist and
magazine writer, will make the
principal address at the annual
dinner of the Professional Writers
The journal. (Caldwell, Ohio) 1934-1961, 1950-04-27
aANGLlNo
ANoLEs
W bq old Hi

Let me tell you about some of the
new features built into certain items
of tackle, which will be giving you
greater sport and more assurance of
making better catches of game and
pan fish this season if you take adj
vantage G. them.
A lot OF interest is being shown in
the glass rods. There is a one-piece
solid glass bait casting rod five and
one-half feet in length, that is mount
ed with three chrome-plated guides
and tip-top and has an aluminium Off
set hand grip. Old Hi has found this
rod to be flexible, strong and durable.
1t shoots a plug out with speed and
accuracy.
It's amazing to think that half a
million glass fbers are pressed into
fve-toot casting rod. These fbers
are fused into a solid tip through the
use of special resins. The life of a
glass rod, handled with ordinary care,
is almost beyond belief.
There are woven or spun, hollow
center glass rods for salt water fish
ing, such as for surf casting, still fish
ing, and light trolling. You can get a
fiber glass bay rod with 39-inch tip
section, rubber butt cap, and metal
locking reel seat that is ideal for TAX
= ing weakfish and founders.
If you have any questions about
glass rods, drop me a letter, in care of
this newspaper. and I'll pass the dope
on to you. And il you plan to visit the
seashore this season., send for your
free copy of Old His booklet, Salt
Water Sports Fishing" At the same
time ask for your copy of Fishing
For The Millions"
In sending letters for personal re-
ply, or postcards for booklets, please
be sure to write or print your name
and address plainly.
Those who go spinning will be glad
to know that one Of the best fixed
spool reels has been improved by
placing a line retainer" on the edge
Of the spool to prevent the line from
dropping behind the spool and snarl-
ing.
This spinning reel also has a new
slip arrangement on the bail type line
pickup, so that the arm goes back
farther and cannot be hit and sprung
accidentally.
Bait casters who hurl plugs at night
or on dark days, will find the new,
better-glowing paint finish to be a
great advantage. The plugs show up
brighter and thus have a wider area
of attraction. These may be obtained
in standard patterns, such as with red
head and white body, scale finish,
shore minnow, and pixie.
The upright model Of the automatic
fly reel is proving to be highly popu-
lar with all anglers. This style gives
the rod better balance since me
weight is placed in a mole normal
position: hence castin- IS much caai~.