davidaulloa/AmericanStories huggingface dataset:
East Cleveland leader. [volume] (East Cleveland, Ohio) 1942-1970, 1963-04-11
HELP WANTED-FEMALE HELP WANTED-FEMALE
JOB CENTER
EAST CLEVELAND EMPLOYMENT
l3308 Euclid I've. UL. $4,000
FEMALE
Con MSS WEBER OF MISS DUNN
FEMALE
Con MISS WEBER or MISS DUNN

ACCOUNTING CLERK $3.50
Eost side mfg. concern. heavy
figure work. invoicing extend
ing. some tYping. Late eos
OF sos.
MULTHITH OPR. ....... $3.50
Oue-girl operation. Expd. op.
orator on the ESQ, flair for
graphic arts. some typing.
East Cleveland,
PAYROLL CLERK ..... .s375
Five Yeors exp. preferred In
general occtg. and payroll
work. MGR 3l00 machine exp.
essentiol. excellent potentiol,
Southeast off Broadway. Sos
40's.
SECRETARY ........... .S375
For local advertising CO. to
work for v.P. OF Co. Good
skills. rs to 40. Eost Side.
ACCOUNTING CLERK -. .s40o
General occtg. ond/or cost
occtg. exp essential, must be
adept at figure work, prefer
late 20's.30's. Euclid. 0.
RECEPTIONIST ...... s275
Well-groomed pleasant young
woman for busy reception
desk. some typing. Late 2o's
SOS.
..,........ $3.50
Edst side CO. needs mature
women adept at accounts re.
ceivoble. calculations. cost
work. to triul balance. good
potential. Eost Cleveland.
East Cleveland leader. [volume] (East Cleveland, Ohio) 1942-1970, 1963-04-11

CALL BEVERLY LUTHER
FOOD SALES .. TO S6,50o r
College not necessary. Greet
potential.
SALES TRAINEES 10 $500
College grads. Tech and non
tech degrees. Under 28.
East Cleveland leader. [volume] (East Cleveland, Ohio) 1942-1970, 1963-04-11

exp. .pSIfOO
FEMALE
SECRETARY. CHIEF ENGI.
NEER'S Gal Fridoy S40o-S50o
OFFICE SUPERVISOR. smoll Of
nee ............ p9uu
RECEPTIONIST .TYPIST. Some
posting to accounts receivable
and poYoble. public contact
STENO. Reception work also. ut-
troctive. pleasant phone per
sonolity. E. ls5th S375
BOOKKEEPER, F.C. Monufdctur.
ing exp. ............. S4UU
JR. STENO. top skills. attractive.
l8 up ......... S340
KEY PUNCH OPERATORS. Rem.
Rand or IBM ... .S325.S35o
TRAINEE ...............S2 .S275
JR. SECRETARY. Unusual oppoY.
tunity for beginner. shorthund
not required S275
ent East Side Openings
NC IN REAR
East Cleveland leader. [volume] (East Cleveland, Ohio) 1942-1970, 1963-04-11

MALI
METHODS ENGR.. ME-. machine
shop experience 49,. $4,000
PRODUCTION ENGR.. ME-, E.E..
or I.E.. to age 80 -. $4,000
DIRECTOR. PUBLICATIONS,
editing. production type order.
ing. hi-colibre. school or in.
dustriol publication exp.
NEUTRALITY-SUSPICIOUS.. SO. 500
SALES. age 2l-32. exp. call on
retail trade ....... .S5,50o+
INDUSTRIAL SALES TRAlNEE.
deg. or near. physics or chem.
istry .......... SIS. 900 up
INDUSTRIAL GUARD. industiol
or police exp. mandatory. 70.
tate shifts monthly. to ace 40
............ .ss. .ooo.s7 900
ADVERTISING LAYOUT. food
industry exp. helpful .s6.5oo
JR. TIME STUDY, light exp, to
age 80 ........... $4,000
CONSTRUCTION EQUIPMENT
MECHANIC, exp. 49,. $4,000
SECRETARY, skills, art flair
helpful ......... Sd. 300 +
Plus Many Other Excel
FREE PARK
East Cleveland leader. [volume] (East Cleveland, Ohio) 1942-1970, 1963-04-11
MALE

CONTACT Mr.. ANDERSON
CRAFTSMAN, architectural exp.
Observation-Disclosures. S7Oc-S75o
ELECTRONICS ENGINEER. de.
gree ........... S650-S700
I.E.. degree, young S7.500-S8. 500
TOOL DESIGNER. jigs ond fix.
tures. la fee 80. S550.S600
ACCOUNTANT. multiple plant,
degree .......... S525.S600
ACCOUNTANT. cost. degree. go
TIME STUDY ANALYST, 28.45
............... .S475.S550
TECH. ACCT. College chem.
n q u .............. p4UU-ooUU
LAB TECH. chemistry ... $500
ELECTRONIC TECHS s3oo.salo
East Cleveland leader. [volume] (East Cleveland, Ohio) 1942-1970, 1963-04-11

EXECUTIVE sEC'Y. 49,. .s4oo
University needs q career
type secretary with dbilitY to
compose correspondence. sci
up files. hedvY report tYping,
to As. self-storter.
DICTAPHONE- -TYpIST 10 $3.50
Type so wpm. will huin q
good tYpist. vdrietY Jobs In
clude phone work and gen.
erol Office duties. Several cost
side and downtown Jobs.
ONE GIRL OFFICE SEC'Y. s325
Mature woman needed for
vdrietY job. light bookkeep.
ing. phone work. tYping. must
have q good memory. neoI
Buckeye and 93Id. South East
COMPTOMETER OPR. -. $500
Know oil four phdses Of
comptometer. labor distibu-
tion enioiled. z Yrs. exp.
South Edst.
BnLER- -TYpIST ........... $500
Must be occuYute In figure
typing. adept at general fig.
ure work. East Cleveland.
KEY PUNCH OPRS. .S3o0-s35o
Alphabetical. numerical OK.
perience. leost 2 yrs required.
downtown ond severed east
side openings. knowledge of
occtg. helpful.
TYPIST-CLERK ...........S $685.
Two.girl Office. downtown.
VuietY Of tYping. so wpm
plus general Office duties. 80
to 40.
East Cleveland leader. [volume] (East Cleveland, Ohio) 1942-1970, 1963-04-11
METHODS ENG.

To $625-HoIf Fee Paid
Man 70 IS, with good experience
in methods and time study as re.
lated 10 metal working. This
growing Eost Side non-defense
concern is seeking q man with
q degree, or man close 70
degree, cs company will build
expansion Of department around
this man.
PLUS MANY OTHER TECHNICAL
OPENINGS FOR ENGINEERS -
SCIENTIST - DRAFTSMEk - DE-
SICkERS LAB TECHS AND
TRAlNEES
East Cleveland leader. [volume] (East Cleveland, Ohio) 1942-1970, 1963-04-11
$1o,O00-$12,0oo
Fee Poid
DESICN-MECH. (2)
S8OO-Fee NeuotiobIe

S80O-Fee Negotiable
Man 70 As with background in
machine design, especially metal
forcing equipment TO handle spe.
eiol design problems for stoble
East side non-defense company.
No degree required.
East Cleveland leader. [volume] (East Cleveland, Ohio) 1942-1970, 1963-04-11
ELECTRONICS BUYER
TRAINEE

To S5O0+Tuition Aid
Young man 10 ose 80 with good
knowledge Of eIeetronie eompo.
nents. To train in purchasing for
active cost side non-defense con-
Germ. Some industrial eIeetronies
experience required. Should have
several years of college.
East Cleveland leader. [volume] (East Cleveland, Ohio) 1942-1970, 1963-04-11
Community Employment
Services
1880 LAKE SHORE Blvd. Redwood 1900
Second Floor OF Chose Building

PAYROLL CLERK. use Bur
roughs Sensimutic. exp. daily
poyroll. Euclid, recession
proof. some tipping, 5 do.
............ Stort S370.S365
IBM KEY PUNCH opR.. l.2 yrs.
exp, w. Lake Co. -. $3.50
ACCOUNTING CLERK. ddto as.
stimulation. cost accounting
and budgets, S yrs. exp.
work closely with plant &C.
countont. S d.. Euclid.
................ S400 mo.
coMpToMETER oPR.. payroll.
exp. ............. 10 SooS
RECEpTIONIST-TYplST, mature,
work l2.5 Sat. + IS hr. Mon.
thru Fri.. Euclid :. S250-S275
DETAILING. Some o1t back
ground. will troin. 5 d.. Eu-
cid. ....... Start Sl.25 hr.
CLERK TYPIST. handle phones.
AIRS. 25.35 yrs. Euclid, 5
dd. ............. $500 mo.
FLEXOWRITER. exp, Euclid, S
do. ........... S325.S350
East Cleveland leader. [volume] (East Cleveland, Ohio) 1942-1970, 1963-04-11
TURRET LATHE

AUTOMOBILE salesman. new cars,
excellent salary, commission and
bonus plan; demonstrator fur
nished free: new cars sales expe-
rience helpful. but not Necessary;
only those willing to work and
capable of earning over $4,000
per year need apply. Sales
Manager. Economy Rambler,
1850 Euclid ave; no phone
calls.
East Cleveland leader. [volume] (East Cleveland, Ohio) 1942-1970, 1963-04-11
$500 A MONTH
1874 Euclid Ave. at Eddy Rd.

FURNITURE salesman; full or part
time; experience preferred. Blngs
Furniture, AN. 10000.
East Cleveland leader. [volume] (East Cleveland, Ohio) 1942-1970, 1963-04-11
thomas Employment
CERTIFIED EMPLOYMENT SERVICE"
1857 Euclid Ave. UL. 1880
interviewing Hours - s.l2 is Dolly
Evenings BY Appointment

WELDERS LAYOUT MEN. sheet
metal SIS .400-t
INDUSTRIAL MAINTENANCE.
exp. SIS, 400
East Cleveland leader. [volume] (East Cleveland, Ohio) 1942-1970, 1963-04-11
HELP WANTED MALE HELP WANTED MALE help WANTED MALE


MECH. CRAFTSMEN "a $3.50
Min. 8 yeoIs experience cleo
tric0l motors. Know machine
shop practices. Stress.
strengths.
East Cleveland leader. [volume] (East Cleveland, Ohio) 1942-1970, 1963-04-11
FEMALE

CONTACT MRS. ANDERSON
SECRETARY. soies. exp. Eu.
cid $3.50
BI-LlNGUAL SECRETARIES IL
German. q little French; (l)
Spanish. East Side S dd.
..... .......... S35oS500
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-11-28
By Dick Brooks

Rules of the game: !. Words must be
Of four or more letters. 2. Words which
acquire four letters by the addition Of
IS" such as bats" Cats" are not
used. 3. Only one form of a word is
used. 4. Proper names are not used.
Answer to DEFIANCE
dance, dace, decane, dean, deafen,
deface, dene, define, dice, dine, enface.
faciend, fade, fain, faced, fancied, feed,
fend, fence, fiend, fined, finance, find,
iced, idea, acid, acne, aide, naif, need,
nice, niece, hide, cade, caned, cafe, cede.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1963-11-28
WORD GAME

Find 81 or more words in
FPIN
meaning "a pin for the neck
scarf. Average mark is 20
words; time limit, IS minutes.
Evening star., 1963-02-01
Sees Bold Vision"

The award-America's DEM
ocratic Legacy Award - was
presented to the President by
Henry Edward Schultz, who
noted that the medal is a
rather small affair."" showing
the Statue of Liberty with a
montage of faces looking up
ward.
His is a bold vision that
heartens all men as they seek
to narrow the gap that divides
our accomplishments from our
ideals" Mr.. Schulz said of the
President.
That gap was not forgotten
even though the tone of the
evening was a quiet pride in the
great deal that has been ac-
complished in the fight against
bigotry.
Once it was remembered with
flippant humor. Dore Schary,
who was presiding, introduced
Assistant Attorney General
Nicholas deb. Katzenbach as "a
man who has taught civics at
Oxford-Oxford, Mississippi"
Praise For League
Later, it was remembered by
,IOsh White the Negro folk
Evening star., 1963-02-01
:Circus Artist FIees Reds
Via Hight ension Line

BERLIN, Feb. (AP).-Slid-
ing along on the seat of his
pants, an East German trapeze
artist fled in the dark over the
heads of Communist border
guards into West Berlin on a
power cable which formerly
carried 10000 volts.
II could hear humming and
had a tickling sensation in my
seat" said Horst Klein. 36.
Mr.. Klein did not know the
cable was no longer in use and
believed a slip would burn him
to a crisp.
A professional trapeze artist,
Mr.. Klein had been forbidden
10 work in East German cir
cuses because he was an out
spoken anti-Communist.
Il couldn't live any longer
without the smell of the cir
Gus in my nostrils," he said.
On the night of December 27
he climbed a steel power pylon
on the Communist side of the
Berlin wall and leaped to the
big porcelain insulator on the
caable.
Il knew that If l touched
the tower and the cable at the
same time. I would be turned
TO ashes" he told newsmen last
night.
From the insulator, Mr.. Klein
Evening star., 1963-02-01
TRANSFERS
u. S. FIot|y Denies
Coercion Chorqes

Dorfman, several committee
members grew impatient.
Mr.. Thompson called the
testimony "a charade." Rep
resentative Green, Democrat
of oregon, said the first hour
of the testimony was "a farce"
but she was willing to keep on
listening. Representative Grif-
fin, Republican of Michigan,
co-author of the Landrum-
Griffin Act, said he did not
believe Mr.. Hoffa had come up
with any evidence to support
the charges made in his letter.
ITO me this is an incredible
performance" Mr.. Thompson
told Mr.. Hoffa. "At every point
where you say there was CO.
ercion or undue influence, you
retreat and say the information
came from Dorfman or Weiner.
Obviously, they have a finan-
cial interest as long as they
can place insurance and get
allowable fees"
Representative Perkins, DEM
ocrat of Kentucky, asked Mr..
Hoffa II he knew personally Of
any Government agency that
had used pressure to prevent
the bonding companies from
providing a bond.
mo Personal knowledge"
II have no personal knowl-
edge of anybody contracting
individuals of my own personal
information" Mr.. Hoffa re-
piled.
The Attorney General had
said earlier that the Teamsters
probably ran into difficulties
because they tried to do busi-
ness through a firm with un-
derworld ties.
The firm which cancelled the
Teamsters' bonds as of Feb
ruary 8 and precipitated Mr..
Hoffa's current troubles was
the Citizens Casualty Co. of
New York.
S5OO,O0O Asked
Jack Hyman, chairman of
the Executive and Finance
Committee of the bonding firm,
told The Star that I'VE have
not heard from the Justice De-
partment or any other Govern
ment department about this.
1 don't think they even knew
about it."
He said the bond was can
celled because some of the in
dividual bonds we're for as much
as $5O0,000 and I'VE don't
qualify for that size bond our
selves"
He said the company tried
and failed to get other COM
panies to reinSure. When the
other companies wouldn't come
into it, he said his company
had to cancel.
Evening star., 1963-02-01
BY the Associated Press

Employment fell by more
than 1.6 million in January as
the number of those out of
work scared by 855.000 to A.
672, 900.
Biggest reason for the drop
in job totals. the Labor De-
partment said in announcing
the figures yesterday, was the
layoff of temporary help hired
for the holiday season.
The changes lifted the sea-
sonally adjusted unemployment
rate from 5.6 to So per cent.
The shifts were described as
Seasonally expectable and sta
tistically insignificant. But in
announcing them, Harold Gold
stein, assistant labor statistics
commissioner, had this COM
ment:
Perhaps the most signifi-
cant thing is that there has
been no improvement in un-
employment in a whole year.
We seem to be on a plateau
both in employment and un-
employment - and we have
been there most of 1862"
Mr.. Goldstein said If the So
Evening star., 1963-02-01

eased himself down onto the
cable and slid 10 yards on the
seat of his pants to another
insulator. Then he jumped to
a second tower.
His hands were numbing fast
in the 7-degree cold.
Below him, two East German
guards patrolled the wire barri-
cades facing West Berlin's Tel
tow Canal. Mr.. Klein was above
the beams of the border search
lights.
Past the second tower. he slid
another 80 yards, hooked his
legs over the cable and began
to work out a rope he had coiled
around his chest
He threw the rope across the
cable in an effort to lower him.
self into the western zone. But
his numbed hands missed the
rope and he plunged 40 feet to
the canal towpath in the west
only a few feet beyond a clumr
of bushes marking the border
He came to three hours later
and shouted for help, A woman
heard him and called West Ger
man police. A fire brigade tool
him across the canal in a rub
Der boat.
In the fall Mr., Klein broke
his arms. His story came ouI
after it became known that tn,
East Berlin police had learned
! of his escape route.
Evening star., 1963-02-01
a Red Space Shots
Detected by U. S.
By the Associated Press

The United States figures that
the Russians have launched
four space shots since Septem-
ber without announcing them,
Governmental reports indi-
Gated.
No official United States
spokesman would confirm for
the record that the United
States has detected the secret
Soviet space launchings. 1t was
apparent from listings filed by
the State Department with the
United Nations, however, that
the Russian launchings have
been spotted.
The reports indicated that
the Soviet Union fired one un-
announced space vehicle be-
tween September / and Septem-
ber II, another between Octo-
ber 20 and 26 and a third be-
tween November / and Novem-
ber 5.
The next report will indicate
that a fourth unannounced
Soviet space launching occurred
between January and January
2, it was stated.
Evening star., 1963-02-01
Kennedy's Vision Cited
By B'noi Birth Group

Equal Blues" in which he tells
Of a trip to the st. James In
Urinary, where a doctor ex-
planned that "a molecule is a
molecule, and the damn thing
has no race"
In his brief speech Of ac-
ceptance of the leagues medal,
President Kennedy praised the
league as a group which should
be receiving this award"
1T is a privilege" he said,
ito be a citizen of this great
country and to be here tonight
to hear its songs sung"
The fight for civil rights, he
pledged, will continue.
That" he said, lis what this
organization has stood for for
so years; that's what this coln-
try has stood for for 200 years,
and that what this country will
continue to stand for"
And although the evening
was devoted to a celebration of
victory over tyranny. oppression
and bigotry, it ended with a
solid victory for the peculiarly
American tyranny Of the clock
The President was reminded
by a cue card held in front of
him that air time was running
out.
"It's almost II O'clock" he
remarked with note of as
tonishment in his voice, and
hurried through the remainder
of his speech.
Evening star., 1963-02-01
Tulks Resumed
In News Strike
After 1-Duy Rest

NEW YORK, Feb. l (AP).-
Mediation meetings in the So
day-old newspaper blackout
resume at City Hall today after
a one-day break to allow both
sides time for reflection.
The latest official word on
the situation from Mayor Rob-
ert F. Wagner was: I'VE have
made progress but it must be
emphasized in all candor that
the parties are still a long way
from settling this dispute"
The Mayors m e diation
schedule today included meet
ings with subcommittee Of the
Publishers Association Of New
York City, which represents the
closed nine major newspapers,
and Of the striking Local 6 Of
the AFL CIO International
Typographical Union.
Meanwhile, the thorny union
security issue is under discus
sion again today by negotiators
in the strike that has closed
Cleveland's two daily newspa- =
pers for So days. There was no
report of progress toward set
tlement.
The Plain Dealer and the
Press and News have been
struck by the Cleveland News
paper Guild, an independent
Teamsters Union, printers and
mailers. Contracts Of all IL
newspaper unions will have
expired at midnight tonight.
The New York strike began
December 8 when Local 6
struck the Times, Daily News,
Journal-American and World
Telegram & Sun. The five
other major dailies then closed
voluntarily. They are the Her.
aid Tribune, Mirror, Post, Long
Island Press and Long Island
Star-Journal.
Evening star., 1963-02-01
Mound City Acts
To Yield Files
To Government

MOUND CITY. S. OAK, Feb.
/ (AP).-A group Of Mound
City boosters has agreed to let
the Government claim its rec
ords from the local version of
the county Agriculture Stabili-
zation and Conservation office
Morris Myers, Aberdeen at
torney representing the local
people, said he is wiring Agri-
culture Secretary Freeman Of
the decision.
The Federal Government last
December sought to get the
records and equipment out Of
the Mound City building and
move them to a new ASC office
in nearby Herreid. Mound
City residents sandbagged the
office here and said they'd
fight any efforts to seize the
records.
Residents of the Mound City
area resented action by the
State ASC Committee in order
ing the office moved to Herreid
They said farmers of the area
would be better served by keep
ing the office here.
Evening star., 1963-02-01
Employment Declines
1.6 Million in January

unemployment rate holds
through February, unemploy-
ment could be expected to rise
to about 4.8 million, then be-
gin a seasonal decline in the
spring.
January employment levels
in both farm and non-farm
categories we're at record high
levels for that month, Mr.,
Goldstein reported.
He noted that the idle rate
among adult males who make
up so per cent of the work force
continued to rise slowly in
January. The rate for this
group was AS per cent in Octo-
ber, 4.6 per cent in November,
Al in December and as in
January.
Evening star., 1963-02-01
Teen-Aged Bride
Of II Days Seized
In Bank HoIdup

JOLIET, H., Feb. / (AP)-
A teen-aged bride of IL days
has been seized and charged
with the $9,778 holdup of a
Gary, Qnd), bank. Police said
they were tipped off by the
girls husband.
The girl, identified as Mrs.
Gerald L. Molden, 18, of Ham,
mand, Ind, was arrested by
FBI agents in the Union
Station yesterday, minutes be-
fore she was to board a train
for San Francisco.
The FBI said the girl, the
former Carolyn Sue Mcqueen
of Cedar Lake, Ind, had about
$500 in her suitcase when
arrested.
A 22-caliber blank pistol and
a black leather jacket which
police say were used in the
robbery Tuesday also were
recovered.
Police in Hammond sent out
an alarm for Mrs. Molden
yesterday after her husband,
Gerald L.. 20, and her uncle,
James Ritter, 81, brought them
a cardboard box piled with
$1,000 in stolen bank funds.
They said they got the
money from a 17-year-old girl
friend of Mrs. Molden's. who
said Mrs. Molden gave her the
money las a birthday present,
and said she had robbed the
Tri-City Plaza branch Of the
Gary National Bank.
Police said Mr.. Molden told
them he knew nothing about
the holdup, and that he now
wants to divorce his wife.
Evening star., 1963-02-01
Tight Money Foes Aim
Fire at Martin Today

that the stimulative effects Of
tax reduction will be practical
ly nullified by rising interest
rates and shortages of credit
for the private economy If the
Treasury relies very heavily on
borrowing from savings.
Treasury Secretary Dillon
testifying yesterday, charted a
middle course on this issue.
He pledged that the Treasury
will guard against initiation by
financing deficits in a way
that will not create more
money than the economy can
handle.
But he said there is no
precise formula for non-infla-
tionary financing of deficits.
Under present circumstances Of
high unemployment and un-
used productive capacity. he
said, the Treasury can bor-
row from both savings and
banks without either raising
interest rates or generating
inflationary pressures.
When the economy responds
to tax reductions and starts
absorbing unused resources,
Mr.. Dillon said, Treasury bor-
rowing will raise interest rates
and tighten the supply Of
money and credit. This would
be a helpful safeguard against
initiation, he said.
No Early Interest Rise
Mr.. Dillon emphasized that
he does not expect interest
rates to rise much until the
economy approaches full en-
ployment, some time after tax
es are cut.
Discussing the balance Of
payments, Mr.. Dillon said de-
velopments in Europe's Com
mon Market could damage eff
forts to defend the dollar, and
might necessitate a reappraisal
Of American trade policies.
He said, however, that it is
too early to Judge whether the
Common Markets rejection Of
Britain's membership applica-
ton foreshadows a move toward
protectionism and inward
looking" policies. But he indi-
Gated that the administration
is considering how to protect
American interests.
Evening star., 1963-02-01
Praise For League

Later, it was remembered by
Josh White, the Negro folk
singer, in his biting Free and
Evening star., 1963-02-01
BY LEE M. COIN
Star Staff Writer

Critics Of tight money" de-
mand assurances today that
the Federal Reserve Board not
nullify the economic benefits
Of tax cuts by boosting interest
rates and curtailing the supply
of money and credit.
They aimed their fire at Fed
eral Reserve Chairman william
Met Chesney Martin, jr., who has
limited that he may favor tight
er monetary policies If Con-
gress cuts taxes in an effort to
stimulate the economy. Mr..
Martin was scheduled to testify
before the Senate House Eco
nomic Committee.
Officials Of the Federal Re-
serve, which manages the Ma
tion's money and credit, have
indicated they favor tax reduc-
tions-even though budget def
icits will increase as a result.
Cites Dangers
Mr.. Martin has insisted, how
ever, that the Treasury must
finance the deficits in a way
that will not cause initiation or
aggravate the balance of pay
ments problem. He has said
that a substantial part of the
deficits must be handled by
borrowing from savings, rather
than through the kind of bank
financing tn at creates new
money.
The Federal Reserve has
considerable power to restrain
the ability of banks to lend
money to the Treasury.
Mr.. Martins critics on the
Economic Committee contend