Milford chronicle., 1960-02-12
FEBRUARY ANNIVERSARIES

month of February contains its share. We
call attention to few, and the reader can
participate in something like quiz test in
connection with them.
~ A far-reaching tax measure, affect
ing the entire United States, was made poss-
ible on February 3, 1913.
(2) Two important treaties were signed
in 1922, one on February 1st about naval
matters and the other about long-festering
Far Eastern question. Five nations signed
the first and nine powers the second.
(3) A special corporation, greatly affect
ing the boys of the United States, came into
being on February 8, 1919.
(4) Representatives of six states met in
Montgomery, Ala, for the founding of new
nation on February A, 1861.
(5) Unexplained violence, affecting an
American naval vessel, occurred on February
18th, 1898, killing 252 men.
The answers may not be very hard to give,
but, after casual Identification, how much
do you know about the events listed? Any
way, here are the answers, % Wyoming be-
came the thirty-sixth state to ratify the in
come tax amendment; (2) Washington Naval
Treaty and Nine-Power Pact to Protect
China (3) Boy Scouts of America incorpor-
ated (4) First meeting of Confederate Con-
gress; (5) BattleShip Maine blown up in
Havana harbor.
THE MARKET SHIFTS
Judging by the recent fall-off in prices of
stock the administration may be convincing
investors that the battle against initiation
can be effective. There seems little doubt
that large part of the phenomenal rise in
stock prices during the last several years can
be attributed to infationary fears. Most
market specialists have thought this rise
would continue unabated through most of
1860. But something appears to have hap
pened to investor psychology.
Dow Jones industrial averages have been
on an unrelenting slide throughout January,
and this in the face of good corporate earn
ings prospects. Observers think the steam
may have gone out of the imitation argument,
with investors turning to the greener pas
lures of high bond yields.
Nevertheless, it would be overly optimis-
tic to assume that the tide of initiation had
been stemmed. 1t is encouraging to hear the
speeches emanating from Washington on this
subject, but moral suasion may not be
enough.
The realities of forces which could add
fuel to the flames of initiation must be dealt
with. Among these is the real prospect of a
steel price increase. At least for the short
term, however, investors seem convinced that
this threat can be contained. Prices on the
exchange may yet go lower before investors
again find stocks good buy.
THE OLD TICKER
Some persons enjoy referring lightly to
their hearts as "the pump, or perhaps "the
old ticker" 1t is fair guess that this flip
pant attitude, when it does not spring from
simple ignorance, hides a profound respect
for the organ which throbs with such graft
flying regularity.
The high value one places on ones heart
is likely to go even higher should the throb-
bing weaken, or become labored or irregular.
ic Of
heart unless something of the sort happens.
Then he becomes acutely aware that upon
its steady beating depend his health and his
very life
Heart and circulatory diseases directly
affect about 10 million Americans, including
half million children. Such diseases are
now fatal to Americans at the rate of almost
100000 annually. The statistics are grim,
but there is pleasanter side to the matter.
Many Americans now living would certainly
be dead had it not been for progress made in
prevention and treatment of heart disease
during the past decade. There is every pros
pect that further progress during the decade
to come will result in the gift of longer, hap
pier life for many other Americans.
One absolute essential, if there is to be
such progress, is money-enough money to
provide adequately for basic and applied re-
search, for heart education, for community
services. That's where the Heart Fund
comes in. The 18th annual Heart Fund cam
paign is being conducted in February.
Enough said.
MACARTHUR AT 80
The Macarthur legend is destined to live
throughout history. On the one side, his ad-
mirers see him as the most brilliant military
leader of his era natural leader and charm
ing personality, and prosecuted hero.
General Douglas Macarthur is eighty
years old. A~brilliant officer and one of the
great controversial heroes of the fifties, and
idol of the forties, Macarthur is still active
and still a commanding figure at eighty.
This persecution" began in World War
/ when Macarthur got on the wrong side of
some of the inner core in the Army-and the
clique never quite reconcied itself to the
Of tho ArlrarnSaS cronaral