Milford chronicle., 1961-07-28
Eisenhower To Aid
Economic Group

Former President Dwight ID. Els
enhower has agreed to serve as
Honorary Chairman of the Coun-
ell for Economic Growth and Sc
curity, a citizens organization
working for national prosperity
based on sound, non-inflationary
economic principles"
Il feel that our most serious
internal problem today is that of
adopting long term policies that
will avoid the debasement of our
currency and assist in combating
every cause of initiation" Mr..
Eisenhower said in letter of ac-
ceptance to II. Bruce Palmer,
Council president.
''In addition to the responsible
tiles of government and the Fed
eral Reserve Board in this field,
/ believe that every sector OF bus
mss and labor should join-in-
deed that it should become the
concern of every private citizen
Because OF these convictions and
the dedication of your organization
to lead in this battle, | am honor
ed to accept your invitation"
Mr.. Eisenhower and Mr.. Palmer,
president of the Mutual Benefit
Life Insurance Company of New
ark, New Jersey, met here last
Friday to discuss the Councils
You and Your Dollar" program
of public information on basic &c
onomic issues. Mr.. Palmer said
the program would begin with a
series of national forums which
would first be projected on nat
ional media and then reproduced
and developed locally by state and
community groups throughout the
country.
Our aim is to create a continu-
| ing national referendum in which
every citizen can get the facts
and make up his mind about the
fundamental economic problems
of today" Mr. Palmer said. "These
forums will give primary attention,
of course, to the causes and cures
of initiation, an ever-present dan
ger. But they will also go deeply
into all the factors which induce
national prosperity based on sound
non-inflationary economic princi-
pies.
1--WE welcome Mr.. Eisenhower s
endorsement of this program. We
feel sure that the public will re-
spond strongly to our call for
serious study of the foremost ee-
onomic issues of our time"
urI,a fp,. ],
and Security was founded in
Washington in November, 1859,
following a meeting attended by
representative of leading nation
al, civic. business, women's, veter-
ans, and farm organizations. Mr..
Eisenhower, then President, adj
dressed the meeting and said: LIB
erty is nothing but the opportunity
| for discipline. Since there are
many factors common to an econ
omy-and if they are not operated
and devised correctly they will
ruin us-than public opinion must
do ii, which means self-discipline -
Mr.. Palmer said the Council acts
as a clearing house" working
for greater public understanding
of ''the eternal economic yerities''
with and through some 30 CO
operating national organizations
having a total membership of %
million. Among topics which the
You and Your Dollar" forums will
discuss are ID the maintenance
of individual economic freedom OF
choice. (2) the need for free com.
petition without monopoly or pr
ice-fixing. CD thrift, self-discipl
inc and efficiency in the conducf
iof government, industry, labor
and the individual. t4) the need fol
increased productivity based pri
marily on private Investment, an,
(5) keeping the balance between
savings, spending, and credit.
interviewer through all thes,
issues is the central problem o
maintaining the integrity of oui
currency" Mr.. Palmer said. 'Thr,
ough this unique program, all cit
liens will be addressing themsel
yes to this problem not as repre-
sentative of any one segment o
the economy or organized GROUP
but in terms of their responsible.
tiles to the nation as a whole
BY this means we hope to brins
about new understanding of tn,
tremendous opportunity which lie:
before us for lastingly sound and
healthy economic growth and Sc
curity."