The Bangor Daily News from Bangor, Maine • 10

II t' AU Clip tEattgnr Satly iritis TUESDAY MAY 29 1962 Our Neighbor Problemizes Letters To The NEWS Definition Of Peace Different Searsmoct Editor Bangor Daily News: I wonder if Mrs Caroline Norwood of Machias realize that she is just the type of person that the Communists use ta further their cause? A Communist leader has stated that one Communist sympathizer is worth more to the Communist Party than ten party members And where does she get her facts when she says to say that Communism offers mankind no hope erf a better life is certainly not true as facts will These are the facts The people of Red China are starving 2 The standard of living in Russia is far far below that of the United States 2 Thousands of people in East Berlin have risked their lives to escape Communism I could list many more facts to show that where the Communists are in control people are suffering The Communists say they want peace but their definition of peace is quite different from ours Peace to them means the whole world living under Communism Mrs Gloria Harriman not hear so much about them" Our neighbor shook his head morosely "That work because the solving of one problem creates two more in its is a problem we agreed in a tone of sympathy human race is really in a you know what I discovered when I went to the dictionary to find a synonym for of words in fine very said our neighbor let me tell you what I found No synonym see but some derivations which just made matters worse Do you know what a is? a person who specializes in problems you know that to is to discuss problems? Or that you when you propose a things a person can learn from a Our neighbor helped himself to the best lawn chair and said: problem is a problem Is a you stuttering or imitating Gertrude we inquired just trying to give emphasis to a startling fact: A problem is a problem there is no other word for it you think some smart person would dream up a solve the would solve one problem finding another word for And that would be something The word hits you in the eye and beats your ear drums day in and day out There are personal problems community problems federal problems and some world problems that are whoppers And now we are having space the solution to the problem is to solve some of the problems of the human race Then at least Shows Lock Of Faith Orono Editor Bangor Daily News: Recently you published an editorial against allowing Communists to speak in colleges Right next to it a cartoon shows a debater stranded in the Communist record Is that not the best reason for allowing them to be heard? you think that students are bright enough to see that this is much of a speaking Or maybe you think that the History and Government department at the of is so poor it could not furnish a debater able to cope with a communist or that the student body is composed of such hicks that it could easily be fooled If this is what you think your conclusion is correct: they should be protected But if not it just shows a lack of faith in the arguments for democracy By just changing a few key words in parts of your editorial I can just imagine one taken from Pravda against allowing a Capitalist to be heard they do not realize that Marx and Lenin considered long ago As a resulj this country is engaged in a global war against Capitalism in which the capitalist lecture bureau is a weapon Let it be said to your credit that I doubt whether Pravda publishes letters in fundamental disagreement with its position and that here receiving anonymous letters seems to be the worst punishment of the writers And last since the purpose Is obviously propaganda you think that they get less mileage out of ten colleges that accept their challenge than out of one which is afraid to? Marion Tronerud Remind Our Visitors Of The Eclipse gests tell tfe fate our troubles too but wetrytocarethmour mwsfrU Carolina and a high school class in Oceanside have made inquiries along with some individuals living as far away as Texas and California This early response indicates the pulling power of the eclipse But we imagine that relatively few people in the have heard about it yet or given it much thought One effective way to call attention to the 1963 eclipse would be to inform every visitor who comes into the state in the months ahead And by the way a simple Job that can be done by individual citizens as well as through organized promotional programs Just tell them the time and place As the vacation season 'approaches it would be well if state of Mainers were prepared to tell visitors to come again next year and view the total eclipse of the sun This rare and awesome phenomenon will be visible July 20 1963 in a belt 57 miles wide running from The Forks to Bar Harbor Alasli will be the only other state in which the eclipse will be seen in total The event should be a sure-fire tourist attraction 'for Maine but the word must be spread far and wide Scientists of course are already planning to come here for observation An amateur astronomy club in North 'Veujsfo Headache Remedies Differ Sylvia Porter Federal Reserve Function To Clear Checks Distribute Money Another National Honor For DED Criticizes Recent Editorial Waterville Editor Bangor Daily News: We are gratified to note that The Bangor Daily News has finally seen fit to acknowledge the existence of Colby College ia any other context than that of athletics It is unfortunate however that the acknowledgement takes the form of a criticism of intellectual freedom rather than a support of it Fortunately Colby is not subject to the of the state Legislature which apparently prevented the University of Maine students from "falling" for the same Does the News think it more damaging to the student mind to be exposed to a radical viewpoint than to be controlled by the necessity of submitting to the pressures of financial domination? We are interested also in the suggestion that Jackson was a propagandist The Colby audience as would any discerning listeners found him neither well versed in Communist doctrine nor stimulating as a speaker (We may note here that Muskie was not appreciably better) The News might as profitably spend their time and space in a consideration of the rest of cultural program of which there has heretofore been little mention Could we have overlooked the editorials on Victor Frankl the Berlioz Requiem and Dame Judith Anderson to mention a few? Diane Hilton Ann Tracy Sandra Keef show which will be staged in Bangor In August on an even bigger and better scale according to the present outlook The DED staff knows that promotion is only part of the development battle A lot of hard and unglamorous work is required by communities and private enterprise as well as by the state agency But prizes are always nice to win and these in themselves bring additional attention to the state Our congratulations to the DED The State Department of Economic Development Is doing right well by Itself In the way of gathering In national prizes The Society of Industrial Realtors gave Its top prize earlier in the year to the DED for its industrial development program Last Wednesday the department received the Silver Anvil award of the Public Relations Society of Ajnerica for the good Job it did in promoting last Maine Products a TOMORROW: Nikita Khrushchev can afford to he patient for the time being about Laos where Communism forges ahead David Lawrence agent the Federal Reserve System holds transfers and pays out the funds of the US government In its role as the banker it handles the securities transactions of the US takes subscriptions to the Treasury's new securities allots the securities to buyers makes exchanges redeems interest coupons and under certain circumstances makes short-term loans to the government too In this capacity also the Federal Reserve is the principal financial consultant While in past periods the Treasury and Federal Reserve have bitterly opposed each policies today they are working together in harmony for common aims In our country the central bank and the US Treasury are deliberately separated by law Manager of Money A central bank is third the manager of the money and credit system and this as the Richmond Federal Reserve Bank says is its distinguishing as well as a power of awesome magnitude In its capacity as a bank and manager of our money and credit system the Federal Reserve System can and does create money When for example the Federal Reserve buys US ment securities in the open market it creates money which fuels the entire economy For this money is meaning banks use it as reserves on the basis of which they can make loans many times the total of the amount of money created by the Central Bank When the Federal Reserve sells US government securities in the open market it mops up credit puts the brakes on the economy When loans are easy to get and cheap it is the Federal Reserve which is primarily responsible: when they are tough to get and expensive it is the central bank which is making this so Even this primer indicates the degree of power the men who met at Rome have to influence the economies of all the nations of the free world The story is that while we neither asked nor did they give formal commitments Europe's central bankers did come to a "closer degree of understanding" of the US dollar problem and discussed what they might do to help solve iL That's progress Will Rogers Is reported to have said it long ago "There have been three great inventions since the beginning of time: fire the wheel and central a nonsensical sequence of course but at times when the central bankers have been operating aggressively to create business booms or to put the brakes on their economies informed observers have not been so sure nonsense Just this month for instance in a speech before the Economic Club of Detroit John Exter senior vice president of the First National City Bank of New York declared that while the policies on wages prices taxes trade the debt "are they are important "only to the extent that they affect monetary policy In the end it is what the Federal Reserve does that The Federal Reserve System is the central bank of the United States In column I reported that the top central bankers of Europe and the among the most powerful men in the world have just completed a four-day closed-door conference in Rome devoted primarily to discussing ways to stem the outflow of gold from the and to protect the value Primer On Central Bank column continues the primer on what a central bank is and why central bankers are so powerful A central bank is first a bank In brief the Federal Reserve System performs the same basic functions for the commercial bank on your comer that your bank performs for you It holds the reserves of commercial banks It clears and collects checks It distributes currency and coins to the banks It makes shortterm loans to banks under certain conditions It is the of last when necessary For this function alone the central bank would deserve the tribute paid to it by the Federal Reserve Bank of Richmond in a timely analysis last month as "one of the most useful institutions modem man has developed to help him manage his collective financial A central bank is second the banker for the federal government In its capacity as fiscal President Launches Campaign To Break GOP Democratic Coalition Wash Credit Should Be Checked West Enfield Editor Bangor Daily News: I want to comment on the subject of deposits Nowadays there is a deposit required for lights telephone service and probably a great many other things I yet encountered It is expensive to move to a new community: and doubly so when in order to have the necessities a deposit is required You have no choice but to comply to these demands as there are no competitors in these fields It is my opinion the individual's credit references should be checked and if they have been satisfactory users of these-utilities elsewhere no deposit should be required Clements From The Files Doris Fleeson Kennedy Points Out To Americans Europe Economy Growth Progress gress which will mean many more years of inertia and inaction why this is an important election Five ten seats one way or another can vitally affect the balance £power in the Congress and vitally affect our The President denies that he himself is seeking any more power He says that this idea is "the oldest old political and that people know and realize that the power given to the President of the United States under the Constitution particularly that of war and peace is as great a power and in many senses more than man could possibly Impromptu Speech The above quotations are taken verbatim from the White House transcript covering Mr extemporaneous remarks The topic would seem to have been important enough for embodiment in a prepared address But an impromptu speech often reveals the innermost thoughts of the speaker In this case it is evident that the President is concerned about the "balance of power" against him in Congress and seeks a free hand Few Presidents have gone as far without law to regulate the economy and social life of the nation by executive orders as has Mr Kennedy He realizes that the only check could come from Congress He has today virtually a two-thirds majority of his party in both houses of Congress But this in his opinion enough It is a shaky majority because the non-radicals and non-socialists do frequently break away from party lines The mention of "war and and "leader of the free in the context of political speech-making is somewhat puzzling For Republicans and Democrats in Congress whether or not they are conservatives have generally supported the President on international policies for many years irrespective of the party affiliation of the man in the White House The real issues are on the domestic side Mr Kennedy wants enough non-conservatives elected on the Democratic ticket for Congress in the North to cancel out the power and influence of the conservative Democrats of the South and perhaps even to take away their committee chairmanships if they fail to join the "rubber stamp" contingent and go along with presidential edicts Many Republican voters in the North doubtless will he thinking of participating in the Democratic primaries to join with other conservatives to defeat the radical and socialistic candidates aspiring for a Democratic party nomination Mr Kennedy seems to have flung a new challenge into the congressional elections of 1962 WASHINGTON President Kennedy has launched the 1962 congressional campaign with a declaration of war on the conservatives in his own party He has asked the voters in northern states particularly to elect Democrats in the place of any Republicans whether or not they happen to be conservatives Die significance of this move has not yet been sensed even in the political arena But it means that the coalition of Republicans and Democrats which for the last 25 years has saved America from radicalism and socialism is to be broken down if the President has his way Two speeches within six days by Mr Kennedy emphasize his attitude toward the existing coalition He said for instance to the 1962 campaign conference for Democratic women at a meeting on the White House lawn a few days ago: every issue which comes before the House and Senate today is settled by one vote one way or the other Congressman Boggs on the trade nearly every important vote on the trade bill in the Ways and Means Committee was settled in our favor by one vote We lost the agricultural bill in the Senate Agricultural Committee on which Senator Humphrey by one vote We passed it in the House of Representatives out of the Agricultural Committee by one vote Told Democratic Rally Just before the above speech Mr Kennedy told a Democratic party rally in Madison Square Garden that the coalition-or "balance of power" as he calls must be defeated He said: "The fact of the matter is since the loss in Franklin second term when the Democrats lost so many there has been a balance of power in the House and Senate which has made it very difficult to pass any new legislation which involves important interests "What we are now talking about is whether the United States now and after the 1962 elec-titfh shall have such a balance of powet in the Congress and in the Executive that nothing will be done the simple and clear issue And those who think that nothing should be done should regard this as an unimportant election "But as long as we have so many issues facing us in so many parts of the world and our own so much unfinished business Involving all kinds of issues which go to the well being of our as long as we have a necessity for action as the leader of the free world1 1 believe we should have the opportunity and not have the kind of balance in the Con- officers Inducted Into office were Miss Elizabeth Anaell Dexter vice president and Miss Isabelle Cushman Bangor secretary-treasurer Henry Russell of Washburn has built a new hot dog and confectionery stand beside his grocery store on Main Street Frederick Burns of Houl-ton president of the Maine Senate and former county attorney was in Bangor Thursday and Friday 50 YEARS AGO Misses Nellie Curley Mary Leen Cassie Gallagher France Cannon and Elsie Manu have gone to Verona Park for a few outing chaperoned by Mrs McFarland The eighth graders of Cas-tine were given a trip to Belfast last Saturday Those mak-i ing up the party were: Rowena Milla Mattie Olsen Nina Parker Minnie Perkins Addin Sawyer Lou Whitmore Delmont Dunbar Teddy Hale Wallace Lowell and Frank Richardson The senior class of the Machias Normal school gave a social at Assembly Hall on Friday evening with the following participating In the program: MIm Florence Vooe Benjamin Varney Mini Lottie McDeritt Miss A Ruth Mantoa and Mist Lucia Crane 10 YEARS AGO President Syngman Rhee ignored the national assembly Wednesday and continued martial law in this Korean capitaL Allied quarters w'ere reported trying to coax him to relent Jim Hooper and his Brewer Witches put a halt to Old Town's win streak here today as the Orange and Black came up with a 5-3 victory in eight innings The Bangor Bird Conservation Club held an outing Wednesday at the summer home of Mrs Fred Scribner at Bayside Thirty different species of birds were observed during the day Twenty-eight members of the club made the trip I Mr Ernest Stubbs third grade teacher at the Hampden Consolidated school was honored by her fellow workers at an informal meeting held in the school today 25 YEARS AGO Mrs Libby Mrs Lloyd Libby and Mrs Laura Libby of Mars Hill were guests of relatives and friends in Limestone yesterday Miss Avis Alexander of Titts-fiejd was elected president of the state Clara Barton Guild at the annual meeting held yesterday In Pittsfield The newly elected officer were installed by Mrs Mile Folsom Other A I NGTON -President Kennedy has Invited the attention of Americans to economic growth and the methods used to achieve it In general the markedly prosperous countries of Europe have aimed at satisfying demand with little homage to the concept even of a balanced budget The President was asked what relation he thought growth rate had to the deficit financing which usually accompanies it He did not reply directly but said this country should he thinking about it He did disclose that his Council of Economic Advisers had the matter under study He hinted also that in their private ronversationa the labor and manage ment representatives here last week for an economic conference had shown themselves aware of the situation am not sure our budget-keeping is as modern as the economy demands" he added But he pointed to a number of differences in the situation here and in Europe including the formation of the Common Market different relationships between various parts of the economy and budget practices No Single Answer His conclusion in effect was that there was no single answer applicable to the unsatisfactory growth conditions prevailing here But he insisted that everyone should talk about these things and not merely concentrate on slogans and The remarks were sufficiently inclusive to show that he was responsive to the demands of such economists as Dr Seymour Harris of Harvard for new cliches in economic thinking They were not so pointed as to afford conservatives in either party a handhold on him Yet it seems Inescapable that if the President does venture into new paths in an effort to get America going again as he preached in his campaigns the argument will become political It is conceded at this point by practically everybody but the John Birch Society that in to world the national economics and politics are inextricably entwined The competition of Europe as the Common Market marches on will be a part of the debate Each country is different but a recent calculation shows West Germany Austria Italy the Netherlands France Sweden and Belgium all leading the United States in growth rate Great Britain lags a little behind the United States His consciousness of these ratings is said to have persuaded the President to offer his present tax bill which combines expansion incentives to business with the withholding tax on dividends and interest to make up the revenue But that measure is in danger because of the supercharged attacks on the withholding provision The Administration is doing all it can to rescue the hill It is convinced that the emotional attack on withholding only proves that evasion of taxes on dividends and Interest is far more widespread than it had thought Pull Up A Chair Barbs By Neal O'Hara Its name in 1665 He sliced pieces of cork Into very thin section and viewed them under a primitive microscope He saw multitudes of tiny compartments which he called cells from the Latin word meaning but It was not until 1838 that Independent work of German scientists gsve great Impetus to the "cell theory" of life Country editor speaking: "Americans are said to be eating no more wheat than 50 yeare ago But the politicians seem to be feeding them a lot more chaff" though they do not restrict activity Sideline: Baseball's personality kid Jimmy Piersall is a part owner of the new national magazine "Baseball Monthly" published In Washington In the first issue Jimmy blasts the sports writers of Cleveland where he formerly played for "killing baseball for the Indians the fans and the town" Ever alert to everything the Federal Trade Commisstr has pounced on the maker of a brand of chewing gum for Illegally monopolizing the baseball plcture-eard industry Flashback: Robert Hooke an Englishman gave the living cell Today's favorite gag: WIFE before you settle down In that easy chair with your pipe and paper 1 have a lot of things I want to talk to you HUSBAND "Well that'a fine! Usually you want to talk about a lot of thing you Accidents take the lives of more than 90000 Americans each year but at least too times that number of persons annually are Injured severely enough to be one or more day beyond the day of the accident In addition about 0 million persons a year are the victims of Injuries which require medical attention al By Hal Cochran It's not right for parents to do home work and when they do usually not right Robbers were frightened awiy after they broke Into a drugstore in Toleda All they got (or their pains was a carton of aspirin The best way to turn a record over is to some Speaking about troubles that we all have Opportunity Just give a rap if you're always asleep on the job Traveling certainly is broadening Mid the lady as she sat down next to a fat man in a bus The latest child wonder when will school be out? A writer says most housewives can make money go far Yep so far hubby never sees it again You can live to be a hundred if you can drink a glass of milk every day for ljoo months A Broadway producer says all Broadway shows are a gamble Those that win do It on a full house Famous Fables By Edgar THIRD MAN: British astronomer Sir Arthur Eddington was once asked: "Is it true Sir Arthur that you are one of the three men in the world who understand Theory of Relativity?" The astronomer appeared reluctant to answer "Forgive me" said his questioner "I should have realized man of your modesty would find such a question embarrassing" "Not at all" said Eddington "I waa just trying to think who the third man could be".