Delaware County Daily Times from Chester, Pennsylvania • Page 3

Delaware County Why Go? CONTINUING THE CHESTER TIMKS. FOUNDED 1876 An Independent Newspaper More Than 45,000 Copies Daily Publlihrd dully IVI6 F. 8th SI rheotrr Pa ROBERT 6 HOWARD. President tod Publisher; JOHN TOMPKINS. Viet Presluenl and Ocnenl Manager.

Page SATURDAY. MAY 7, I960 Better Approach The $4,125,600,000 the Senate authorized for foreign aid does not, of course, tell the full story on the I960 aid program. First of all, the Senate version must be reconciled with the House bill which calls for 87 million dollars less. Much more important, the real chopping is done in the two Appropriations committees. They threaten to hack around one billion from the authorized figure.

Anticipating the usual attempt at heavy slashing, President Eisenhower already has gone to the American public with a plea for the full amount requested. His argument, also usual, is that part of the nation's defense would be jeopardized if the voted sum is too small. The trouble with this argument is that it has been made too many times. Lawmakers and their constituents are tired of it. On top of this, they have a strong notion that much foreign aid money is wasted.

Actually, the emphasis today, should be not on military assistance so much as upon economic. In the broad sense, naturally, anything which helps to shore up the economies of free nations adds to our "defense." But we hardly need to invoke that magic word to justify such help. We are interested in the preservation and reinforcement of freedom anywhere that it exists. The greatest dangers to it are found in the underdeveloped countries, where the race between population and food supply is critical. If that race goes against the struggling free governments, they could be engulfed by communism.

Especially in Asia and Africa, they are ever mind- ful of the competing example of Red China. These peoples are not part of any tightly drawn defense arc, though some are members of the Southeast Asia Treaty Organization. We would seem to have most to gain not by assisting them to field armies to some size and quality, but by aiding them to live better in freedom. If the Eisenhower administration were to develop a solid, understandable economic aid program, with the idea both of buttressing liberty and in time creating good new markets for American goods, Congress and the whole citizenry might adopt a far more responsive attitude toward this effort than it shows now. Real Fixer That story about a bobby pin and an airliner ought to cause smiles among the gals of this world.

It happened in Australia, when the nose wheel of a passenger plane jammed. The pilot borrowed the pin from the hostess to short circuit the wheel's electrical system until it, could be shaken loose and lowered. It's common knowledge that a woman and a bobby pin can fix just about any cantankerous machine, men have devised, but the line really ought to be drawn at something like this. Anyway, men can take heart from the fact that a bobby pin-making machine was probably invented by a man. How many have been repaired by women is a matter best left alone.

Shun Backward Suction Keep out of the suction caused by those -who drift backwards. E. K. PIPER EARL WILSON SAYS; Gleason Ready To Take Off ROBERT C. RUARK SAYS: NEW YORK "Liberation Day is July 10'." boomed the man mountain, Jackie Gleason, and both sides of his mouth and his black mustache curled high in a cherub's grin.

"Ohhhh," shuddered a representative of Producer David Merrick's office. "Don't say things like that!" "Why not?" laughed Gleason. He was sitting in a at a small writing stand in his dressing room at the Shubert where he's starring in 'Take Me Along." Being anti hypocrisy, Jackie thought it was quite honest to admit that he's going to feel like a man on parole when he takes a three- week vacation from the show. "I guess it's boring to all actors to be in a hit especially to guys like me who like to be doing everything," added Jackie, who just won a "Tony" for his performance. hit show is a concentration camp with with wonderful companions." Tired of that subject, Jackie asked, "Would you like some coffee? "HERB HERRRRBBB!" he bellowed.

As a coffee-runner appeared, Jacki explained to me: "That's the kind of intercom we have here." Back from three weeks of golfing at Fred Waring's Shawnee Country Club about Aug. 1, Jackie'll have the nice hot early part of that month to film a TV spec for CBS. "I get out of the show Oct. 22 and then in March or May next THE DAILY INVESTOR Investors Firm Wins Croivn By WILLIAM A. DOYLE Investors Mutual's report for the six months ended March 31 shows that, on that date, the big balanced mutual fund held the title of "the biggest in the world." With total net assets of Sl.448,699,979, the Mimeapolis- based Investors Mutual nudged Massachusetts Investors Trust out of the title.

MIT, the country's oldest mutual fund, tallied total net assets of $1,436,847.819 as of March 31. Labeled the "granddaddy of the funds," because of its 36 years of operations, MIT has long held the title of "biggest." The big Boston-based fund's policy has been to keep as close to "fully invested in high quality common stock as practical at all times. Investors Mutual, on the other had. is a balanced fund. It invests its assets in common and preferred stocks and bonds.

In a period of falling stock prices (such as we saw in the three months ended March 31) balanced funds are expected to have better "defensive positions." Their holdings of preferred stocks and bonds give them what is called "downside protection." So, Investors Mutual's total topped MIT's. This was not the first time this has happened. But. as far as could be learned, it was the first time that investors Mutual loomed larger at the close of a fiscal reporting period. fees, that "there appeared to be two factors prominent (in the decline of stock prices during the quarter ended March 31): a more realistic view of the prospects for 1960 and less emphasis upon inflation." He adds that "while it is now clear that .1360 cannot live up to all expected of it three months ago.

we believe it will be an excellent year and will set records in many industries. It is significant that 1961 will probably be better than was forecast three months 1 EATON HOWARD STOCK FUND had 8(5 per cent of its assets in common stocks on March 31 and an additional 12 per cent in short-term government bonds and corporate notes. EATON HOWARD BALANCED FUND, on the same date, was 63.4 per cent invested in common stocks, 12.5 per cent in preferred slocks, S.9 per cent in corporate bonds and 15.2 per cent in U.S. Government securities, short-term notes and cash. DREYFUS FUND was a bit more defensive than usual during the first three months of the year, keeping between 10 and 2(1 per cent of its assets in cash and government securities.

Jack J. Dreyfus president, says the first quarter "from the stock market point of view was a dud." He notes that "the obvious fact that busi- ness had to be good was too I widely advertised." i SELECTED AMERICAN Blondes Trail Writers On Foreign Assignment SOMEWHERE IN COSMOS scraps of paper into your hand. was on the buy side of the market during the first three months of 1960. As a result, it lifted its holdings of commor stocks from 55.35 to 58.09 per cent of total assets during the six months covered by the semi-annual report. PINE STREET FUND kept a conservative investment position during the first quarter of the year.

It had a "primary reserve" of cash and bonds (largely short-term governments) of 15 per cent of its o- tal assets and another 25 per cent in "defensive-type common stocks." such as utility, bank and insurance issues. WISCONSIN FUND also leaned toward defensive holdings in that period. It increased its holdings in cash and U.S. Treasury discount bills from 3.6 to 16.3 per cent. JOHNSTON MUTUAL FUND has increased its efforts "to find companies showing, or expected to show, an above-average rate of growth of both sales and earnings, rather than seek the negative, and probably unproductive, shelter of bonds." At the end of the March quarter, it has 73 per cent of its assets in common stocks and an additional 10 per cent in convertible and warrant bonds.

PEOPLES SECURITIES COUP, has lifted its total net assets passed the S5 million mark. I GUARDIAN MUTUAL FUND has joined the ranks of "no had a haircut today, and I hought about you. I cleaned my ingernails- today, and then I hought about you. I had a hot jath today, and then oh, he with it. No matter what the other fel- ows say, I am a foreign cor- espondent.

I got credentials. I got reverse press filing privi- eges. I got hotel credit cards and air transport cards and I lad some travelers' checks un- il somebody stole them the other day in Johannesburg or Leo- some such. I even got a trench coat, because -nobody can foreign correspond-, without, he's got a trench coat. If a trench coat is good enough for Joel McCrea, it's good enough for me.

I tell you. this is the life. There is a beautiful blonde Russian spy-around this corner, and a beautiful Chinese (Red) spy around that corner. There is something about the slouch in a foreign, correspondent's hat that makes all the dames bay at his heels. Blondes, brunettes, redheads Man, Southport, N.C., was never like this.

The nicest thing is you live off an expense account. Champagne, caviar, the Aga Khan's suite in Joburg, drinks ail around the house this is living, man. I never had it so good. All you have to do to win a Pulitzer is invest in a wafer- thin typewriter, wear two wrist watches, a hunk of paper and procure yourself an air travel card, and you're in business. Small, furtive men (as played by Peter Lorre) press and suddenly you arc smack bang into The Big Story.

But you do not perform the Mickey Spillane bit with the blonde spy until after you filed your story, because DUTY COMES FIRST. You file this way: "Exruark adjones scxipres hoboken begins Eye had haircut today eteye thought about you fullstop Eye learn authori- talivist unSanla Claus brackets Saint Nicholas unbrackets but its really your old man puts candy stockingwise stop more Easter bunny mythwise also Mary unhad little Iamb endit ruark." Having sweated through this cryptic effort, you head for the nearest bar, and a lovely redheaded Circassian wench beckons you with her eyes and you wind up in a strange jail. That is when you learn the secret of The Big Plot. Somehow, known only to yourself, you smuggle out the story which reads: "Quickest brownest fox over- jumps laziest dog etnow time- wise bestesl men rush aidwise party endit" For this you get the Nobel Prize, because you have also filed: "Untrue what say about Dixie elstars unfell Alabama but Carolina finer South Korea endit" This kind of writing really takes it out of a man. So.

having blown up the latest jail, and escaped with the documents whose burden is quote all horse players die broke unquote, you flee to reality. is a thing called Joe. It embraces stomach disorders, beriberi, missed aircraft, no dames, lousy chow, infrequent stories, excess baggage, querulous cables from editors, itching palms from all hotel servants everywhere, Asiatic flu, fleas in the mattress, sweat rot, pneumonia, acute boredom, lousy chow, no repeat no dames, and acute hostility on the part of all officials everywhere. Ernie Pyle wrote that he held the record for being sick in hotel rooms. I challenge the state- He was never sick in Lu- luabourg, Luanda, or Usnm- bura, not to mention Lambarene, Brazzaville and Mogadishu.

I have been a foreign correspondent ever since I started covering the Washington Senators in Orlando, Florida, in 1933, and I still don't know what happened to my spare typewriter ribbon, let alone the state papers. The most sinister figure I ever saw was a headwaitcr. Foreign correspondence unhas glamor. Has pain, has bellyache, has packing etunpacking, but unhas glamor. As one starlet said to the other quote who do have to kiss to get outa here query unquote endit.

year I go to Paris to make my movie." Jackie explained: "I wrote the story and I'm starring in it it's just terrible." It's called "Gigot," and concerns a mute who's janitor of a Paris pension." "How did you ever write a story like that?" "One Sunday, I was up at the fabulous Peekskill round I'd read the last script sent to me from Hollywood. It was just horrible. "I sat down and in 10 minutes I had an idea for a story of my own. First of all, I wanted to go to Paris, and second, I don't speak French, so I decid ed to make the janitor a deaf mute. It could just as easily have been done in Brooklyn but who the hell wants to go to Brooklyn in this weather?" Jackie's got a forthcoming dramatic TV show which he also wrote, titled "Million-Dollar Incident." "I play me," he said.

Was it about his own fantastic TV contract with CBS? "No. It's about something that supposedly happened in We've got Bill Paley and Hubbell Robinson and all those CBS guys who were there at the time. I mean, we got guys who play them." There are many other projects, -too: "They want me to direct a musical they want me to do some TV as a steady thing but I don't think I will I do have an idea for a show, where the problem 'of material would be taken care ot would be ad lib. I'd just talk." "A Jack Paar sort of "Oh, no," Jackie assured me. Jackie was ready for his coffee, the only thing he drinks during working hours and even after working hours most these days.

"You can't booze it up or carouse when you're doing i thing like this," he said. "It's too tough." "Have seen Toots Shor lately?" I asked. "Not for about 10 days," he said. "Just lucky, I guess." THE WEEK END WINDUP "DON'T PRINT There's a chilly silence at "The Thurber Carnival" between star Tom Ewell and director Burgess Meredith A restaurateur, excited by a B'way star's performance, gave her a. card inscribed: "No check at my place for one year from this date." no longer excited beginning to wonder how high the tab will run.

Pres. Eisenhower (via Jim Hagerty) sent restaurateur Lawton Carver a thank-you note for showing him how to tie a fishing fly Debbie Reynolds, who never smoked, had to for her "Rat Race" film quit the day the picture ended Ex-cowboy star Leo Carillo surprises people who expect him to have his onscreen accent. He says: "That I don't give that I sell" Lee Remick's performance in "Wild River" boosted her to the class. Actor Joe Sirola (of TV soap operas) applied for a loan, figured he might not get it if he said he was an so he wrote: "Soap salesman." (He got the loan) Diana Dors is putting together a new cafe act for U.S. night clubs this summer Sanrina, the chesty British star, stopped into Downey's to ask for Ed Mulharc (now in Russia).

Jim Downey said: "Why don't you sit down and he'll be back in two months" A top B'way entertainer is watched closely on his shopping trips he's a known shoplifter. EARL'S PEARLS: It isn't always true that men never make passes at girls who wear glasses. It" depends on what kind of frames they C. Diefenbach. TODAY'S BEST LAUGH: An interviewer asked singer Brook Benton if his wife was a singer, too.

"She," he said, "has a great voice for cooling soup." WISH I'D SAID THAT: Description of a modern apartment: "It's so small that it gets overheated every time they turn on the electric percolator." A local lush refuses to quit drinking, though it's affecting his hearing: "The stuff I've been drinking is a lot better than the stuff I've been hearing." That's earl, brother. GREAT IDEAS FROM GREAT BOOKS Free Choice Molds Opinion By MORTIMER J. ADLER Dear Dr. Adler: can we distinguish be- thing is a matter of opinion. LETTERS TO THE EDITOR With the next upturn in common stock prices.

MTT figures to SHARES "remains optimistic The fund, sponsor- regain its title as "the biggest." I with respect to the general level ed by Neaberger Berman, But, who knows? of business activity for the members of the New York whole year. The fund was 91.1 stock Exchange, has eliminated per cent invested in common a sa i cs anc i redemption charg- stocks at the close of the es a rcs are now being March quarter. so i and redeemed at net asset NATION-WIDE SECURITIES value. MUTUAL FUND NOTES GEORGE PUTNAM FUND shareholders are told by Charles W. Werly, chairman of the trus- Firefighters Thank Helpers Other Times 10 Years Ago 25 Years Ago Mr.

and Mrs. Charles Long of Mrs Fannie Rhodes Fristte 104 W. 24th will entertain of 4th st Modia js visjting their bridge club in their home friends in Ohio Ma this evening. Among their rie Louisc Rcinhold of 429 guests will be Mr. and Mrs.

F. Herman Fritz, Mr. and Mrs. J. Homer Graber and Mr.

and Mrs. Charles A. Olson. Mr. and Mrs.

C. H. Turner of Oklahoma formerly of Chester, are spending some time in Chester, visit- Broad will entertain at dinner in her home this evening. After spending the winter at their town house, 2100 Locust Philadelphia, Mr. and Mrs, Richard D.

Wood and their daugh- ouuiv imit; ill viaif A i- IIT Ing Mr. Turner's brother, Wil- tcr Miss Schna Wood 3rc oc liam H. Turner who is ill in ClwsUsr Hospital. cupying their country home, "Burnbank" 50 Years Ago Mrs. William E.

Cross, wife of the well-known business man of this city, will entertain at her first "at home" next Tuesday afternoon invitations for which were sent out at the time of her wedding. Mrs. Cross' second "at home." will be on May 24. Mr. and Mrs.

Cross have been vjsiting relatives in Middletown, N. Y. for several days. Joseph Iredalc, the well known meat dealer of Lciperville, has sold a horse to George Bonsnll of Media, the price paid being $200, To The Times: Csn behalf of the Chester Fire Department we would like to express our appreciation to residents of the Svm Village area who assisted the members of this department during the major fire April 24. Our volunteers were provided with electricity to power lights and generators at the scene.

Residents provided sandwiches, coffee and cold drinks to the firemen during the long blaze. We want to thank the physicians and nurses who volunteered their assistance to help injured firemen and those who were overcome by smoke. Our appreciation is extended to outside isiits Lester. Eddys tone. Garden City.

Parkside and Upland Fire companies, Norwood Explorer Post Coffee Wagon, and the Second Alarmors Assn. of Philadelphia, who provided us with assistance. Special mention should be made of the offered by the members of the Moyamensing Junior Fire Co. Equipment from Lester acid Eddystone was vised at the scene. Members of the other fire companies remained at our firchouses in the city for many hours in case of additional alarms.

closing we want to thank the volunteers and paid drivers of our department for ihe tremendous job well done. Their combined efforts prevented the spread of this fire and saved additional property from loss. The efforts of the Chester Police Department and members of the Delaware County Fire- Police, who volunteered their services, were appreciated. Safety lines were established by police early and maintained throughout the many hours. H.

LEWIS HARPER, Fire Chief. THOMAS o. MCCLELLAND, 1st Assistant Chief. JOSEPH LANDING, 2nd Assistant Chief. She Clarifies Her Position To the Times: I hope in this letter I will make clear any misunderstand- ing which may have resulted in my previous letter.

in the first place. I never stated I didn't like the job of census enumerator, secondly I made no mention of names. I ment whereby if the amount due is paid within a half hour of the violation, there is no penalty. This seems to me to be much fairer, and certainly does a great deal to promote wMl and to encourage shopping in Media. Very few pcopi-j deliberately overstay their meter time, and most people are in violation because they are un! avoidably I was on i a business appointment the i morning of the violation.

The traffic ticket was paid within twenty minutes of the i time it was issued, but it was paid most grudgingly and I shall be very reluctant to drive to Chester aeain. ELIZABETH O'GARA Darling. merely mentioned the fact didn't make the money I expected for the hours I put in. I would like to sav much cred- HI Urn- I Deportment say it should be given my crew leader, Ann Lazinski. Ann is a wonderful person and instructor to work for.

It was through no fault of hers I sent in the first letter as some thought. On the contrary I would work for her anytime. It was my pleasure. MRS. LOIS WARD.

1940 Central Boothwvn. Penalties Hit To the Times: Recently I received a ticket for overtime parking in Chester and was surprised to find Ihat Chester has no provision for paying the meter amount without penalty. Media has an arrange- To the Times: When I looked out my kitchen window Friday evening and viewed Chester Park I was amazed because beside seeing the beautiful farm house and surroundings I saw hundreds of boy scouts, tents assembled, banners waving, and I have yet to hear a commotion such as you will hear from young healthy hcvs. My husband and I could not let an opportunity like without a comment. We feel if tKere were more organizations or groups like The Boy Scouts of America we would not be faced with cnile problems.

Ours hats off to these fine boys and their leaders. MRS. JAMES LEVINSTEIN, 1S7 E. Parkway Chester. Isn't all knowledge in some way BOWMAN C.

COLLINS 2610 College Berkeley, Calif. Dear Mr. Collins: Most of us know what an opinion is. recognize that our opinions are beliefs that others need not share. We are I used to having those who disagree with us say, "Well, that is only your opinion." Even when we advance an opinion on very good grounds, we usually feel some doubt about it.

"I have good reason to believe so," we say, "but I wouldn't swear to it." Here, then, are three characteristics of opinion: (1) opinions express probabilities rather than certainties; (2) they arc subject to doubt; and (3) reasonable men can differ about which of two conflicting opinions is sounder. There is a perennial skepticism which holds that everything is a matter ofopinion. The extreme skeptic reduces even such things as mathematics and science to opinion. He points out, for example, that a system of geometry rests on arbitrary assumptions. Other assumptions can be made and other systems of geometry developed.

Experimental science at its best, the skeptic maintains, consists of highly probable generalizations, not indubitable certainties. In contract with such skepticism is the view of the ancient Greek philosophers. Plato and Aristotle thought that there are some matters about which men can have genuine knowledge. In the very nature of things, some things are necessary and cannot be otherwise. For example, by the very nature of wholes and parts, it is necessary that the whole should always be greater than any of its parts.

This is something we know for certain. On the other hand, there is nothing in the nature of gentlemen and blondes that makes it necessary for gentleman always to prefer blondes, and so this is only a matter of opinion The difference between knowledge and opinion can also be expressed in psychological terms. When we are asked, "Do gentlemen prefer blondes?" or "Will the Republicans win the 1960 election?" we must make up our own minds. Nothing about the matter in question compels us to answer yes or no. But when we are asked whether the whole is greater than any of its parts, we have no choice about the answer.

We can think about the relation of whole and part in only one way. The object we are thinking about makes up our mind for us. This gives us a clear criterion for telling whether what we assert is knowledge or opinion. It is knowledge when the object that we are thinking about compels us to think of it in a certain way. What we think, then, is not our personal opinion.

But when the object of our thought leaves us free to make up our mind about it, one way or the other, then what we think is only an personal opinion, voluntarily formed. Here other rational persons can differ from us. On this understanding of the difference between knowledge and opinion, we must admit that most of our assertions are opinions. But we should ako realize tha't opinions differ "i their soundness. Some are based on considerable evidence or reasons which, while not conclusive, make them highly probable.

Others are ill-founded, and ol i- ers have no foundation at all, but are simply wilful prejudices on our part. This leaves open the question whether history, mathematics, experimental science, and speculative philosophy should be classified as knowledge or opinion. As we have seen, the extreme skeptic would say that they arc all opinion, though he might recognize that they have much more weight than merely personal opinions, or private prejudices. The opposite viaw, which I. would defend, is that we can have knowledge in the fields of mathematics and philosophy, and highly probable opinion in the fieR- of experimental science and history..