The Courier News from Blytheville, Arkansas on December 19, 1952 · Page 7
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December 19, 1952

The Courier News from Blytheville, Arkansas · Page 7

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Blytheville, Arkansas
Issue Date:
Friday, December 19, 1952
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Page 7
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FRIDAY, DEC. 19, 1952 100-Cent Dollar Would Be Wonderful-Or Would It? PAGE SEVEN By SAM DAWSON NEW YORK OB—A drop in (he cost- of livnlg—a restoration of the buying power of the dollar—would be a welcome Christmas present for everyone. Or would it? Call it "making a dollar worth 100 cents again, and it sounds fine. Call It "deflation, and a lot of people*get worried. ... The dollar actually has 100 cents •j^ow. as it always did, but In/la- 'ilon has chiselled away much of its buying power. When you talk of a "52-cent dollar, you mean that before the war 52 cents would buy as much In goods and services as one dollar will now. The pre-war dollar bought more finished goods. It also bought more raw materials. And it bought more labor. Many people, however, had fewer dollars then to spend on goods than they do today. It Is the others—those with only as many dollars a week to spend now as they had before the war— for whom the postwar rise in the cost of living Is -particular rough iMillions, for example, are trying to live on pensions or savings— earned when the dollar bought more, and being spent now when inflation has taken half of its buying power. To deflate the economy, get back to prewar prices," and make the dollar as hefty in purchasing power as It once was, however, might mean that people would have to take in fewer dollars for the commodities they grow mine, and get • less for transporting them to factories. •JrWorkers in factories and. mills 'Slight have to take pay cuts. And those who supply factories with lools, materials and gervices would have to slash their prices—«nd Incomes. i Less Overhead Stores would have to pay less for rent, light, fixtures and clerks than they do now. Everyone would enjoy paying less for ihe things he has to buy, Few would relish getting less for the goods or labor he has for sale. A Virginia farmer says ot inflation: "I like having more money. I know it runs right through my fingers when I go to the store. But I like the feel of more of it in my hands." And a Bloomington, HI., man writes: "Our dollar is worth 100 cents, always has been and always will be. "After all, a dollar Is simply a token of a day's work, and the more days work there are, the better for eVerybody and the country in general." And of the nigh cost of living, he notes: "Many folks have a car. radio, television—which Is fine and there is nothing wrong about it. They also attend many movies, take trips all around, and at the|V end of the month find themselves a little hard up, which they blame on 'the high cost of food' or some other thing." ' None of this is intended as a defense o( inflation—which does no one any good, just gives .them the nice feeling of having more money, all of which runs right through their fingers. But deflation can be i mixed blessing. Particularly if it gets out of hand. Palling prices are great for the family budget—but only if earnings «nd Incomes don't fall too. Many people may find, that pretty hard to achieve. 'Night Owls' Find Spanish Capital A Tough Place; Curfew is 11 p.m. BtATHEVILLE (ARK.) COURIER NEWS By EiWILIO MOYA MADRID- Hi — If you live In Madrid and want to get into your house after the theater, you'll need help. From 11, p.m. until dawn, the city's 'night watchmen, • called "serenos," are boss. They have the keys to all front doors. They come on duty all 1,500 of them, at 10:30 p.m. and make the rounds of the nouses In their district, telling the janitors to shut the front door. The sereno Is in charge until the janitor gets up to sweep off the sidewalk In front of the building. And every night, all oveir Madrid, you can hear homecomers ficream- ing "sereno" nnd clapping their hands to urge him to come~more quickly, especially If It's a raw Gipson Planning Another Suit On .Cash Funds LITTLE ROCK (If)— Hep.-elect J. A. Gipson of Saline County told the Arkansas Legislative Council yesterday that he planned another court si|it on cash funds. ' Cash funds consist of fees, tU- Itlon. money from sale of products and the like received by state agencies or Institutions arid not under strict legislative control. Gipson said he would seek a court ruling to determine If It Is legal to pay salaries out of non-appropriated cash 'funds. In a.previous suit'whfch .Gipson »lso Instigated, the Arkansas Supreme Court refused to say that cash funds should be deposited In the state treasury, but It did say tnat state appropriated salaries could not be supplemented by additional compensation from the cash funds. winter night. Each time the sereno lels you in he wants a tip. If you try to be smart and have a duplicate key made, you still have to pay off the sereno, only now It's a flat monthly toll of 10 or 16 pesetas (around $1).,, In, addition to opening' front doors, the serenes are charged with maintaining order, preventing robbery, watching for fires and assisting the sick. In Madrid at night, the police remain- In the police stations -and only venture out if called by: the serenos. The serenos are allowed to carry firearms but most prefer a lead-loaded cudgel. -< ..The sereno Is a direct descendant of trie night-watchman of 'feudal days. His title comes from the old I practice of calling the hours: 'Twelve o'clock and all Is screns." In most cases, the job Is passed down from father to son. Sometimes 3 post Is sold, bringing |500 and even $600. The serenos live exclusively from :Ke tips they get for opening doors or guarding shops. In some aristocratic sectors, a sereno may make as much as S.OOO or 6,000 pesetas month, ss much as the director general of a governmental depart^ ment. The lowliest of serenos will male 2,000 pesetas—more than an Army major. i THOMPSON Credit JEWELER suggests: SAVE Mansergh Named Commander of Allied Forces PARIS l.fi — LI. Gen. Sir Robert Mansergh of Britain will succeed Adm. Sir Patrick Brind as commander In chief of Allied forces In Northern Europe, Allied supreme headquarters announced yesterday. SHAPE Commander Gen. Matthew B. Ridgway said Brlnd's tenure of appointment ends April I. 1953. and the cViange Is In accordance with assignment practices normally followed by the British government for its senior officers. You Can Now Buy ICE COLD BEER TO TAKE HOME! No Increase in Prict! 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