The Pittsburgh Press from Pittsburgh, Pennsylvania • Page 7

Saturday, June 27. 1987 The Pittsburgh Press lambelli Arthur Burns dies; Fed chief for 3 presidents ini BALTIMORE" (AP) Arthur NORTH PARK CLOSED 1st KEEK IN JULY FOR VACATION Kummer Ingomar North Park 93 1-6482 or 935-6566. HEARING UNLIMITED INC. TRY THE NEW CANAL AID PRACTICALLY INVISIBLE "A CONTACT LENS FOR YOUR EAR" Jerome M. Cohen Audiologist.

MA CCC-A 'IP- Burns, a Federal Reserve Board chairman under three presidents, was praised after his death as an outspoken foe of inflation who tuned the nation's economy through postwar boom and bust alike. SERVING THE HARD OF HEARING 38 YRS. SHOW YOUR COLORS Nationality flags promote heritage Poland Scotland Wales Greece Ireland UK Italy Plus hundreds more in stock THE FLAG FACTORY 'l6 I. He IVKtk" HI IV 41? 34 1 HAG Burns, who died yesterday at the age of 83 at Johns Hopkins Hospital, was "among the most brilliant economists of his generation," said President Reagan. I He "had an enduring belief in the the White House unhappy because it feared that would discourage home-buying and investment and brake economic growth.

Burns almost singlehandedly scuttled Carter's plan for a J50-per-person tax rebate to stimulate the economy by warning that the administration was pursing a disastrous path by encouraging a cheaper dollar. Then 73, Burns had made it clear he would accept another term. But when Carter told Burns he planned to appoint Miller, Burns said he told the president: "You have chosen wisely and well." Reagan named him ambassador to West Germany in May 1981, and Burns presided over a rapprochement in the alliance between the two nations that had been strained by European demonstrations against NATO missiles and the U.S. troop presence. Burns was born Arthur Frank Burnseig on April 27, 1904, in Stanis-lau, Austria.

His name was shortened by a teacher after his parents brought him to Bayonne, N.J., when he was 10. Admitted to Columbia University in the fall of 1921, he worked as a waiter, shoe salesman, house painter, postal clerk, and seaman to pay his room and board. Burns made Phi Beta Kappa, won a dean's scholarship and earned a master's degree in economics. He received his doctorate from Columbia, then rose from economics instructor at Rutgers University in 1927 to full professor in 1943. The next year he returned to Columbia where he taught until 1969.

He was married in 1930 to the former Helen Bernstein. They had two sons, David, a lawyer, and Joseph, an economics professor. Other survivors include two sisters. pT I i It 1 i ly- strength of individual enterprise and the wisdom of a free people," Reagan said. Burns died of heart disease com plicated by a stroke he suffered soon after triple bypass surgery in April, said Phil Kibak, a Johns Hopkins spokesman.

Appointed chairman of the na tion's central bank in 1970 by Presi Arthur Burns Hailed as inflation foe dent Nixon, Burns remained under Presidents Ford and Carter. Carter replaced Burns in 1978 with G. William Miller. From 1953-56, Burns was chairman of the President's Council of Economic Advisers under President Eisenhower. In 1981, Reagan appointed him ambassador to West Germany, a job Burns held for four years.

Nixon called Burns "an economist, ambassador and Federal Re ,.1 iYS illl VI Thomasville Hitchcock Lane Jasper etc. Westwood Knob Creek Stiffel Hickory Jamestown Woodmark Sealy Serta Friday 10-9 Saturday 10-6 Sunday 10-5 I 1 iBa I I i Here's A Sample Of Our Outstanding Values SOLID PINE DINING ROOM 9-Pc. Group 50 OFF 41 $499 499 1299 799 CONTEMPORARY SOFA 55 OFF COLONIAL SOFA By Clayton Marcus 50 OFF 2-Pc. SECTIONAL SOFA By North Hickory 60 OFF TRADITIONAL SOFA By Pearson 50 OFF THOMASVILLE "ESSENCE" DINING ROOM 1 0-Pc. Group In Mahogany 50 OFF OAK CORNER CHINA CABINET yAA 50 OFF QUO Si ,,1 ii'i'iip 1 serve chairman of the highest rank.

He was also the most valuable kind of presidential adviser because he always told the president not what be wanted to hear, but what he should hear." Federal Reserve Chairman Paul Volcker, noting that Burns became chairman of the Fed at 65, said Burns "brought to his new position force of personality, intellectual vigor and physical endurance that had a profound influence throughout the Institution and on U.S. economic policy for eight years." As chairman of the Fed, which controls growth of the nation's money supply and thereby affects the interest rates and prices Americans pay, Burns was applauded by business but bitterly opposed by organized labor. Under Eisenhower, Burns recommended the tax cuts and easier credit policies that produced a record-shattering boom in 1955. In 1972, Nixon, running for reelection, pressured the Fed to boost economic growth. Burns complied by presiding over a doubling in the rate of growth of the money supply.

The move ignored economic theories, including his own, which held that such a policy would lead to sharply higher inflation rates. In 1974 when inflation hit double-digit levels, Burns, the chief architect of the Fed's interest rate policies, slammed on the brakes by pushing interest rates higher, helping to push the country into a recession that same year. During Carter's presidency, the Fed once again took actions to push interest rates upward, which made Mourners say goodbye to comedian Gleason NORTH MIAMI, Fla. (AP) -Thousands of young and old fans turned out to reminisce about and pay their last respects to comedian and actor Jackie Gleason. "He was real, he was himself," said salesman Steve Schwartz of Plantation, who said he took time off from work to say goodbye to "the one person who could put a smile on my face." Mourners waited in 90-degree temperatures yesterday to glimpse the bronze, carnation-covered casket of "The Great One," who was best known for the zany cast of characters he created, particularly his role as the loud-mouthed but sympathetic bus driver Ralph Kramden of "The Honeymooners." "Jackie Gleason was a working man's comedian," said Evelyn Cas- torina, who said her father, a firefighter, identified with Kramden's constant financial troubles.

She also said Gleason's variety show was the first television program she was allowed to stay up to watch, and she dreamed of joining the June Taylor dancers. Gleason died Wednesday of colon cancer that also involved the liver, said Imperial Point Hospital staff physician Leonard Erdman. The entertainer had been released from the hospital in Fort Lauderdale a week before his death. Gleason's widow, Marilyn, his two daughters and his sister-in-law June Taylor spent an hour yesterday morning at a private viewing before the casket, flanked by several large carnation arrangements, was closed and 120 people waiting outside began filing in. Mrs.

Gleason pinned her husband's trademark red carnation on him during the private viewing, said 'Ron Laramore, manager of the Lith-gow Funeral Chapel. A private funeral service was scheduled for today to be followed by burial at Our Lady of Mercy Cemetery in Miami. About 2,000 people came to the public visitation as Gleason's brassy theme song, "Melancholy Serenade, played quietly in the background. The song, which Gleason wrote himself, was a best-seller in 1953. In New York, meanwhile, Gleason was being honored with plans to 1 name a hotel suite and a bus depot after him.

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