The Daily Messenger from Canandaigua, New York • Page 4

AGE FOUR JUNE 29, 19oi A County Paper for Ontario County People Oldest Newspaper Continuously Published West ol Hudson River. Seventh Oldest In the Country 165th Year Established 1796 Thanks to the efforts of an energetic and effective local chapter of the American Field Service, with the help of the Kiwanis Club, Canandaigua and the surrounding area will play host during the next two days to some 70 foreign students from 26 countries who have been studying in New England high schools this year and are touring the northeast before returning to their native lands. As we have previously commented many limes, these AFS student exchange programs (and others like it, such as the Experiment in International Living program which will be coming along in August) are the basic stuff of which world peace is made. These are the kind of programs where people get to know one another as people not merely as something one reads about. They do more than anything we know of to clear away misunderstandings and illusions.

We welcome our visitors and hope they realize how glad we are that they chose to visit us. We have much to learn from them. We also trust that they can learn from us. To everyone locally who has worked so hard to plan for this visit and to those who will take these students themselves, a hearty and sincere welcome. our congratulations.

And, of course, to the visiting students themeselves, a hearty and sincere welcome. Clue We got a clue In the mail the other day which might lead to a solution of the Great American Mys- tery: why Johnny can't spell. The public relations departments of most colleges give graduating students forms to fill out; providing brief biographical information to be sent to the newspaper that serves their home towns. One arrived the other, day, and no.t,.pnly was the name of spelled wrong; -alsp'Hhe name of the student's father. The Information was forwarded from the college to advise that this student is receiving a master's degree In education, no lessl Business Mirror By SAMDAWSON AP Business News Anilyst NEW YORK (AP)-More Jobs, higher pay, plentiful bargains, better selections--these are the good things seen in slore for you tha rest of tills year.

Bigger lax bills, costlier Ices, slightly higher Interest rates, among the unskilled--these are Ihe bad probabilities. Both sets, are short-term pros- are the guesses of the' majority of the economic soothsayers, based on 'indications the economy will enjoy a healthy if. quiet summer and move ahead Iteadily if slowly in fall. The experts'divide sharply on the longer rango outlook. Some see a big upsurge in economic growth, gelling under way early next year.

The contrary minded fear the current, plans to stimulate such growlh will bring either a feverish. but short-lived boom or a creeping and debilitating inflation, Let's look at short term prospects. JOBS more but not; tnough. Industrial output already means longer work weeks. And after a summer bobble for plant vacations, it should bring more jobs by fall.

The service Industries should absorb still more workers. But contraction in. unskilled Job opportunities is likely, to continue for some time. INCOMES a bit higher for. many.

Wage-scale trends are still upward, with the business recovery encouraging union leaders to ask more and with tire effectiveness ot Washington's pleas questionable. Corporation profits will still pinched by rising costs, but dividend payments tend t. hold up well. Rents are weak. enins in -few-, ureas, but rising others.

still fairly easy. 'The best bel Is that the financial agencies will and credit plentiful if the recovery is at a measured pace. Some relaxing of mortgage terms are in the cards, but other inleresl rales may stiffen as business picks up. and mark downs fairly balanced. The cost of living probably will rise, but with seasonal trends the main influence.

In spite of pro- ducllon cosls there is much price cutting now in industrial male- rials. And for consumers keen competition for sales is keeping bargains plentiful. So too Is the spread of discount houses into now areas and under new sponsorship by older retailing forms. SHOHTAGES-fcw if Industry can produce more of almost anything, save its newest products, than Americans are currently prepared to buy. There are eager foreign suppliers looking, for openings.

Only an inter- flareups could change picture. Curbstone Comment Going Abroad? These Are Sayings Use By HAL BOYLE' AP's Pavement Plater NEW YORK (AP)-- American- toor-have rich a bent-over look?" tourists remarks that foreigners ''Youimean you've never made get tired of hearing: one before? j'No, not half and "Put a sweater over your bi- 1 You '-put -in five of this a kini, Mildred, and then I'm. sure wave-bf of that. And It'll be okay to go into Uw cathe- where In the ihell is the ice?" The re colloquial-thai is, when (he declde Sw some! zctlcs if you want (o, but back home grandma called 'em jeUy pancakes "Excuse me, Aver vous the hell! It's like beating- your head against concrete" "This is the kind of foreign country I like. It just fiU a post- rd "Oh, no, nol another museuml" "So that'? the Venuj de Milo? Bow do you tip her? Si- doesn't have any handi." Why ii it the worWrt; in many women, Brit, i3 mudl (0 tab hjd defeat, they'd rather not mention j' ejr havd ld viclor "HV? 10 mor hlving you lbout th "Well, here's the 'good ol Taj Mahal.

If they had building like tliis in California, you not only could Idmir H-- you could drive VK! ri In your car and enjoy himburger, loo." -Hn't qulln tell him lo hold will. iU, I'm ttf Federal Solvency By GEORGE SOKOLSKY What is the United Stales, as a going concern, worth? Governments employ primitive methods of accountancy with the result that we are in the red when actually we arc in lire black or vice versa. The Treasury of the United Stales could not filq a statement of assets which would be accepted by the Securities and Exchange Commission or the New York Slock Kxchangc, or any bank. Representative Charles E. Bennett of Florida has introduced a Bill I I R.

902) in the House of Representatives which would require the government of the United Slates lo employ correct accounting methods. The present Secretary of the Treasury cannot use the pica of ignorance. Douglas Dillon is a banker, Ihe son of a banker and well-trained, lie mnst know that lire government of the United Stales cannot produce an accurate or even an hunusl balance sheet one that the Internal Revenue Service would accept from a citizen. CONGRESSMAN Bennett's Bill Is a first step in Ihe direction of preparing a proper balance sheet. Its preamble reads: "To establish an immediate program to aid in reducing the public debt by providing a certain receipt from the sale of capital assets of the Government shall be used for such purpose." Actually the bookkeeping system used by the Treasury includes no capital assets.

If Ihe United States sells a building, it docs not dispose of a capital asset; it sells its properly like housewife sells old clothes to a junkman. She put the money in her pocket and spends it. But she has niade no record of a capita! sale or of a profit or loss. Representative Bennett's Bill reads: "BE IT enacled by the Senate and House Representatives of the United' States of America in Congress assembled, that in order to eslablish an immediate program lo aid in reducing the pub- lic'dcbl, all reccipls covered inlo the Treasury for deposit in (he general fund and resulting from Uie sale (after the date of the.en- actment of this Acl) of any property of the Federal Government which is considered a capital asset under proper accounting procedure shall be deposited inlo a special account which shall be established on the books of the Treasury. The Secretary of tins Treasury shall from time lo time utilize the money in such special account for Ihe, payment at maturity or the redemption or purchase before maturity of obligations of the United Stales which are included-in the public debt of the United States.

All obligations of the United Stales paid, redeemed, or purchased with money out of such special account shall be canceled and retired and shall not be reissued. All money deposited in special account is hereby appropriated and shall be available for expenditure for the purpose of the Act." The essence of Ihis Bill is proper procedure. As it stands today, the Uniled Stales maintains that it carries a debt of against which it has no assets except the goodwill of the governmenl as a going concern. Proper accounting would probably establish that Ihe Uniled Stales has a secured indebtedness, parts of which could bo wiped off without lessening lire value of Ihe dollar. Our government is enormously rich 'in In J959, the' Uniled Stales owned 1,837,762,560 acres of public domain.

The Federal Government owns 369,895 buildings which are valued at This valuation 'is an estimate, as no accounting survey has ever been made. Public bookkeeping generally is- shamefully kepi. For instance, the City of New York is now go- Ing through a disgraceful scandal over its school properly. Buildings have been neglected and abused. Repairs arc rare.

Let us have a look at Ihis from the standpoint of accountancy. These school buildings are worlh about $1,500,000,000. If two per cent were set aside each year repairs and reconditioning, it would mean that the city would have lo provide 130,000,000 for that purpose annually. The city has never done, that. It a made repairs, when It has been required lo make repairs.

I a patched tip holes and covered iip decay. No. accountancy system has ever determined the value of (his real eslatc; no depreciation fund is let aside: no contingency lund exists. Government has become too big for this sort of free and easy accounting-either nationally or locally. We need lo know where we stand.

OUTDOOR GRILL SEASON WN T) THE DAILY MESSENGER, CANANDAIGUA, N. T. Capitol Gubernatorial Campaign Script Already Tattered By ROBERT T. GRAY ALBANY, N. Y.

(AP) The of- This formula, if used campaign for governor enough, will eliminate the lax is- of New York Stale is more than sue as a serious political problem, i year away but the script is Uie Republicans apparently rapidly becoming (altered and reasoned, dogoarcd. Ti Democrats have no dejirt The boasts, exaggerations, to sec Ihe lax issue die and rant accusations, glowing prom- giving it careful attention to keep iscs, conflicting statistics and it alive into 1962. other dialogue that will sound The Democrats also appear to from political platforms next year have under way a planned, long- already lias been heard at length, range effort lo create an imags Tlte debates will eclw and re- of Rockefeller as a friend of big echo through the summer, the business interests and Ihe wealthy, local cleclious this November, the Morlrausc has called this "shop- 1962 legislative session, the state worn. New Deal political clap- conventions and the campaign. trap." Republicans and Democrats are Democrats are handicapped in concentrating on their respective their preliminary campaign activ- mtcrpretations of what has hap- ity by the fact their party is torn pened or not happened--during by factional strife and still ii the years cf Gov.

Rockcfel- searching for a candidate for gov- I administration. He will seek ernor. reelection. lwn they choose one, lie will Republican orators sec the per- find his campaign has been well iod as one of great sains for bus- broken in. incss, labor, taxpayers, students from kindergarten through graduate schools, the elderly, commuters, slate employes, minorities and various oilier groups and individuals.

Democrats see the same period as one of oppressive tax increases, assaults upon labor, shabby treatment of schools and favoritism for big business, Wlu'le there may be minor var- LOOKING BACKWARD What Is Gen. Taylor's Role? By JAMES MARLOW AP News Analyst 29, 1931 Mrs. Matilda Johnson and Mri. Marilda Clark, twin sisters, today are observing their 78th birthday lations and some major, addition- anniversaries al their home on al issues not now apparent, this Corners Road. Last evening basic approach is likely lo carry lcv wcrc enlcrlained at lunclicon through the election.

in llomc of Jfrs Johnson's There are various reasons for Brandd a I Mrs. Walter the inlenrive political activity Brist Court, when the election is so far off James Finn, 94, last Civil War Tlic tax- issue is one of them, veteran in Ihe town of East Bloom- WASHINGTON CAP) Slill un- recommended had been outlined through our clear determination Rockefeller's popularity slipped cW 1 at his homc on lnc Vie- clear is whether President Ken- earlier in the year by Taylor in to go all out, if necessary, in any sharply after 1959 (ax in- lioad a short nedy has picked C.en. Jfaxwell D. Hie January issue of Foreign' Af- kind of military operation which creases. The GOP wants to turn llncs "hen the Civil War Taylor as just one more adviser fairs Quarterly.

might be required by the situa- 'he emphasis from what voters b'' 0 Mr. Finn enlisted in among a bundle of advisers or What Taylor suggcslcd and tlon. Berlin can be defended and, are paying to what they arc re- Canandaigua in 16th Light whether he brought him in to Kennedy proposed to Congress-- in my opinion, must be defend- ceiving. Artillery, New York Volunteers, short-circuit some of the others, included: ed." Rockefeller, GOP Stale Chair- wilh wllich re served for four Kennedy is knee-deep in advis- A Umg.term reappraisal of the taylor takes tin his post in Ihe a Judson Morhouse and a ers of whom McGeorge Bundy, natlo raUi(ary goal and stral hiU lUse atThe mien other. party orators have been JuBC 2S M1 former Harvard dean, is the spc- egy; Immediate modernization when tho Russians and slressln such lhl as cialist affairs which and cxpan sion of the nation's country's ownfailles are won scholsr-incenlive program lo pro- N.

Watson Thompson, president include defense and intelligence forces or ed war; a long- mz how touch Kennedy vide sfale lo collegc stu of the 3 3 TM 13 1 Townsend and, perhaps, foreign policy. ran ge missile system thai can be Taylor, 69, former A chief movc(J around instead of being resisting chevian pressures. the of who retired in 1939 in pro- stationary test President Eisentow- dents, increased state aid to Club, will attend the national con- Khrush- school districts, lax relief and vention in Buffalo Monday through highway-building. Friday. defense policies, will be Ken- ncdy's military adviser, working i ildine a crisis on Berlin Tav- priniarily in the military and in- rirt ted tcliigence fields military experience in Berlin but This seems lo leave Bundy po- jti to( silion foggy.

He was one of those i sat in with the President aorentlin wlicn tire decision was made to as American commander lei the disastrous Cuban invasion crlln fro 5 lo 195 begin. Bui so did Gen. Lyman (hls cll mlles msld Limnifzcr, chairman of the Joint Communist Easl Germany and Chiefs of Staff. hc -Western oulposl in the Red Taylor, who has jusl compiled world must for Kennedy a sludy of the Cuban In a Chicago speech 14 months failure, is against Ihe Joint Chiefs ago he said: "Berlin is defensible of Staff system altogether. Not long afler his 1059 retirement Taylor wrote in Ixwk magazine that the chiefs hadn't been able to produce "an agreed military strategy of.

their own," 11 dn Sall rdil1 i that the system was a failure and Ktamga. 'incorporated, should be abolished. CanamJilsua, N. And in his I960 book, "The Uncertain Trumpet," Taylor proposed that the joint chiefs be replaced by a single defense chief of staff and an advisory' board UnUrlo founded 1786; On- he called the supreme military Ur Rcirasiiory, tourmca Messenger, founded 1S03; council. Repository McJsenser con-olida.

So now Taylor, who doesn't ted 1862; Dally Meistiigsr think the joint chiefs should exist, tcmr.atd 1907. will be dealing with them, at Ihe time, having the President's ear. His office will be in the whita George M. President. Publtsh- nnne iiuuse.

Air -u irtn-coit tfif but in mtxi cotlial Trr Bail? Entered SJ jecond data -maittr al Ofrrcc, Cammdaigua, under act March 1S07. Hember TM -j er and -Editor; A. Water- 1 The House said Taylor bury. Business Matiaser; Kobcri A. would not be "interposed" be- Wade.

Assistant Business Manager; twecn Kennedy a Ihe joint clar Webster, Manasin -Kdi- ehiefs or the Security Council or ttie secretary of defense, Robert Toriislng Manager; William M. McNamara, who has defended lw Circulation Manager. the chiefs from criticism in the a ovru.Hilinn Advertising The- Juliui expedition. Mattlio.TM Special Agency. New Taylor apparenlly already has York.

Boston. Philadelphia, ci.lrjizo, had nuite an influence on the Pittsburgh. Syracuse. Presidenl. YOULL FIND JUST THE CAR YOU'VE GOT IN MIND AT YOUR CHEVY DEALER'S ONE-STOP SHOPPING CENTER Thirty-one models to pick and choose froml.Jet-smooth fleet-footed Corvairs, the one-of-its-kind Corvette-- just name your pleasure.

Then stop in for a pleasant visit with your Chevrolet dealer. For full-sized fun, take a look at Chevy's budget-lovin' Biscaynes, ever-popular Bel Airs and always-elegant Impalas. (A tip for top-downers: The Impala Convertible is the liveliest, loveliest ever.) For king-sized wagon fans there are six happy-hauling, vacation-minded Chevrolet wagons. And, for a thrift-car treat, don't miss tho nifty selection of easy-handling Corvairs-- sedans, coupes, Monzas, and Lakewood and Greenbrier wagons. Take your pick-- the easy way.

Just one stop at your Chevrolet dealer's does it. Kennedy, last March '28 in a special defense message to Congress, cast aside the philosophy of "massive retaliation" as Ihis country's all-purpose war deler- Tlifl Dally Messenger viil be glad ta have ils attention called to any misleading or untruA that TM' t0rl Instead, he plugged for "balance Of forces" concept, which means being prepared for any kind of war. Nearly all he error. Tha Daily Menj-nser assumes no n- nanctai responsibility for typojraptii- cal errors in advertisements, but will reprint In a following lasue that part Ihe of the advertisement In which ths typographical error occurred. Adver.

any tuck Civil War Album Money Out Of A Bank By SERGEANT DALZELL What Do You Think? We welcome Letter! (e Ihe Editor. We will gladly print your opinions on any subject, lust as you might dlKuu It with your mendx. The only arc good laste, length and the laws of libel. Letters must be (Igned with the writer's full name and address, though names may be withheld it dtecretioa el Whitelaw Reid, a newspaperman whose many postwar projects would include two hefty tomes on "Ohio in the War," covered General McClcllan's operalions in Weslcrn Virginia. Personal knowledge, therefore, may account for Reid's assertion (published in 1858) 23, mi, was the day the 7th Ohio left Clarksburg for Wcston on its "first march" with "shoulder knapsack and accouler- ments." The 7th was from Ohio's Western Jleservc.

A state senator named James A. Garfield had wanted lo be ils colonel. The regiment voted for Erastus B. Tyler, however, by more than two lo one. Discounting his own Inexperience, Garfield yrould never forgive Tyler, whose victory he ascribed lo "bargains and brandy." Tyler was a former milllu of- ficer.

From travel in the fur business, he had a knowledge of Virginia's mountains that might heip McCIellan. He also had a sense of showmanship. As Reid told the story, Tyler was at the railroad, depot when the General arrived in Clarksburg from Grafton. Expecting a certain order, the Colonel had his regiment ready. Sure enough, MeClcllan immediately asked how soon the 7th Ohio could go to Wcston, 23 miles away.

Tyler pivoted, waved his handkerchief, and his men were on their way. The day would end before most of the marchers knew anything about their mission, which was lo remove some money from a bank. In Washington, If there any secrets, the day's biggest wu an Administration decision to agaiiut Itantssai. New Chevrolet IMPALA SPORT SEDAN One of five delightful Impala models with just about everything anyone could want in a car, Here's top-of-the-line a a sensible Chevy price. New Chevrolet BEL AIR 2-DCOR SEDAN Like aTI Chevrolet, this family favorite bringi you Body by Fisher craftsmanship and it's priced just above the thriftiest full-sized CHEVY'S traditionally high resalet means it costs less in the long run Because these people-pleasing Chevies keep on bringing more trade-in money, it's almoft like having your cake and eating it, too, One more reason for going Jet-smooth Chevrolet.

Happy motoring. And many happy returns! tB.s.d on prjj.i In tht AutomoM. Dulin Ajjoclllkm official USED CAR GUtDC. 0 now h'Sher ot pjic. than try Oinf TUU-KZla In irlttT find, See the new Cheofolets at your local authorized Chevrolet SOMMERS MOTORS Inc.

243 SOUTH MAIN STREET PHONE 635 CANANDAIGUA.