Logansport Pharos-Tribune from Logansport, Indiana on July 1, 1957 · Page 7
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Logansport Pharos-Tribune from Logansport, Indiana · Page 7

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Logansport, Indiana
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Monday, July 1, 1957
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Page 7
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Monday Evening, Julyl, 1957. LOGANSPORT PUBLIC LIBRARY President Wants Foreign Aid Program Put on Loan Basis EDITOR'S NOTE: A big change hai been proposed in U.S. methods of helping friendly underdeveloped nations. The idea has won enthusiastic approval of a bipartisan majority of the Senate. The House Foreign Affairs Committee, however, voted to limit the program to one year instead of three as President Eisenhower proposed. The following dispatch tells how the new plan would work. By JOHN B. HOLLISTER Director, international Cooperation Administration ' WASHINGTON (UP)—President Eisenhower's proposal to shift the emphasis of U.S. economic development assistance to friendly foreign nations to loans instead of gifts should be welcomed by every American taxpayer. In brief, the President has asked Congress to appropriate 500 million dollars out of this year's mutual seucrity program to establish a development loan fund. To operate effectively, this fund mast have adequate money and adequate planning time. Therefore, the President has also asked Congress to authorize the government to borrow from the treasury up to 750 million dollars in each of the two following years to finance the fund in those years. This three- year total of up to two billion dollars represents less than a half of 1 per cent of our own yearly gross national product, which is running at the rate of 420 billion dollars. If this fund fulfills its purpose of speeding economic development among almost a billion people, the dividends to the United Slates will far exceed the investment. These proposals of the President's are now before Congress. The Senate has already authorized these requests in full. Change In Emphasi« The new proposals signify, a fundamental change in emphasis from the practice of past years and _would accomplish the following important improvements: —The American taxpayer would know how much money was going toward helping the economic development- of friendly nations, and would know that all of it was on a loan basis. —Foreign nations will know that Ihe United States has certain limited funds (two billion dollars over three years) available for loans for really worthwhile- projects that will contribute significantly ' to building economic strength. —All parties will know this money is available until used — and not, as in the past, for a limited number of months. This, I am convinced, is the sound, business-like way for free nations to work together. Thp very creation of the fund will inspire borrowing nations with a greater sense of zeal and responsibility. Loans, rathor than gifts, will encourage self-reliance, and the long term availability of the fund will encourage thoughtful long - term planning rather than frantic emergency action. Purpose Of Fnnd About a billion people — almost one-third of the world's population —live in the underdeveloped areas, particularly in the Middle Bast, Africa, and Asia. The average income is about 100 dollars a year, in contrast to about 2,500 dollars in the U.S. Malnutrition, poverty, sickness take such a toll that their life expectancy is about 30 years, in contrast to 70 in the United States. Nineteen of these nations have achieved political independence since World War II, They arc determined to achieve economic growth and independence too. However, they do not have adequate capital and foreign ex- chatige to begin essential development in roads, dams, railroads, utilities — the very sinews of economic growth. They must turn to the outside for help. Notwithstanding the blandishments of the Communist bloc, most of these new countries turn to us, and other industrialized nations of the free world, for this help. The purpose of the fund is to provide the most economical and effective way for the United States to assist in these nations' own efforts to progress. Read the Classified Ads Laboratory Seeks Tire Thump Cause BUFFALO, N. Y.—Scientists at Cornell Aeronautical Laboratory are seeking to find the cause of tire thump. This has bothered the lire in. dustry for years. Now that modern automobiles are quieter and have better suspension systems, tire thump has become more noticeable than before. William F. Milliken, head of the vehicle dynamics department at the laboratory who is helping with the project, emphasized that tire thump is' not linked with road bumps or tire imperfections, but may be associated with vibrations at different frequencies. Experi ments also have shown that a given tire may thump more on one auto than on another. CAL hopes to get to the' bottom of the mystery—first by fitting out a new car with numerous instruments to measure the sound and vibrations in the wheels, tires and the car body. Tire manufacturers will be pleased if CAL can come up with the answer. Milliken said most firms get a lot of thumping tires returned for exchange. Here's About How Much Fallout You're Getting AEC TESTS for strontium 90, poisonous fallout from nuclear explosions, show • these amounts, In milliourles, per square mile. For comparison, the AEC Bald the top foot of soil over the U.S. contains 1,00.0 millleuries of radium per square mile. Congressional joint atomic energy commit- te« witnesses disagreed as to how far these figures are from the danger point to human beings. Driver Ordered to Visit Accident Victim PIERRE, S. D.— •- A 15-year-old driver has been ordered to spend one hour each day visiting a woman in a hospital whose leg was amputated because a car accident. LouLs. Moore, Pierre, was given the sentence by Hughes. County Ju- venile Judge Otto Linstad. He also badly it had to be removed. surrendered his driver's permit. Moore drove a car that collided with one in which Mrs, Myrtle Goodface, 39, Pierre, was riding. A portion of her left leg was 'hurt so CONSTIPATED? New laxative discovery un-locks bowel blocks without gag, bloat or gripe Constipation i-i caused by what doc- Ing capacity, plus COLONAID'S stretch. tors call a "thrifty" colon that, instead stiiniilotifiK bulk. So effective it re- of retaining moisture us it should, licves even chronic constipation over- ' docs the opposite: robs the colon of night, COLONAID is yet so smooth, so so much moisture that its contents gentle it has proved safe even for become dehydrated, so dry that they women in critical stages of pregnancy. block the bowel; so shrunken that Superior to old style bulk, salt or drug they fad to excite or stimulate the Ja * tivo8i COLONAIO neither gu™s! urge to purge that propels and expels b|oals nor ' gripl . s . woll ., ini , r ( c ,^^ waste from your body. absorption of vitamins and other, valu- To rcK«ln normal regularity, the dry, able toad nulr'icnls; in clinical tcsu, shrunken, constipating contents of did not cause rash or other relictions. your colon which now block your «•„ „ physiological fact: Exercise tones bowel must be remoistcncd. Second, yom bodv , And CoLONAm . , yom ov n CoLONAm cxcrci ,, cs bulk must be brouiiht to your colon ^ our colon lo , u jmt "rMfa. to s--r-x-E-T-o.il STIMULATE it lo ,; Dn ovcrn!|!htl Get Coi.ONAin, in action; to a normal urge to purge. cusy . lo .,, ll!c lllb |,. t form nt llny ^ ng And, of all laxatives, only COLONAID, counter, today! Only 98c for the 60 the amazing new laxative discovery tablet package, bringH positive relief possesses COI.ONAID'S great moktiirlz- at less titan 2c per tablet. menca At Its Bountiful Best I You arc looking, nayou surely know, at a Dingnifi- ccnt motor car—beautiful, luxurious, Hubstantial And inspiring. But you arc also looking at tangible proof of the bountiful land that is America 1 Certainly, for instance, no one could behold a Cadillac without gaining new respect for our freedom to create and to produce. For where but from America could there came n molor car so rare in beauty or so marvelous in .quality and luxury? ' Surely, no one could take the wheel of a Cadillac wiUiout appreciating our nation's industrial skill nnd progress. For where but from America could there come a motor cur so fine in performance? And most assuredly, no one could hear the practical facts about Cadillac without marveling nt our nation's well-being. For where but in America could so prized n. personal possession l>c brought within the economic range of so many? We think it appropriate, therefore, to pay tribute to these precious American virtues—and to express our own gratitude at having been privileged to put them to such extraordinary use. And we should also like to take this opportunity of personally inviting all America to sec and inspect its "ambassador at large". You will find that the 1957 Cadillac, with its luxurious Flcetwood coachcrafting, is the finest "Standard of the World" ever created. And you will also find that this is the perfect moment, from the standpoint of both delivery and economy, to make the move to Cadillac. VISIT YOUR AUTHORIZED CADILLAC DEALER Officers said Moore's car was going at a high rate of speed. Read the Classified Ads Logansport, Indiana, Fharos-Tribun* Scvaa President Being Flooded With Vacation Invitations WASHINGTON (UP) - Backstairs at the White House: President Eisenhower touched off a flood of vacation invitations when he told his recent news conference that Denver is out but he having trouble deciding on a substitute. The invitations began arriving the very next day from almost every part of the country. While the President indicated he would prefer to go somewhere north of Washington, it didn't hamper invitations from, more southern climes. Republican governors added j took it easy, for example, at the their own /personal invitations state dinner at the Governors when they lunched with the Presi-1 Conference in Williamsburg. running by the White House ar« resort-type vacation, spots which normally would be crowded to capacity when the 'President plans to be away. No one would want to ask resort owners to evict paid- up or reserved guess to make room for the 100 or so Whit« House staff- members and newsmen who normally make up the President's vacation entourage. The President is watching his diet more carefully than ever since his recent stomach upset. Ha dent on Thursday. Eisenhower was appreciative but made no commitments. The hopeful askers ranged from Gov. Goodwin J. Knight of faraway California to Gov. Theodore McKeldin of neighboring Maryland. Press Secretary Jim Hagerty said most of the bids by governors were in the form of "expressed ftopes" rather than mal invitations." 'for- Likely to be ruled out of the The menu featured consomme; Chesapeake Bay crab; roast sirloin of prime southwest Virginia beef; green beans with sauteed almonds; and a dessert of melon slices with Smithficld ham; and a dessert of "Governor's Mansion Tipsy Squire"—a mint concoction. On the wine ]ist was New York sherry, Ohio "Rhine wine", a burgundy from California and a champagne from Now Jersey. Eisenhower steered clear of the crab and lightly sampled tin wines. dress sale more exciting than ever many jtroef type loll patterns including geometries, paisleys, floraii; plaidi, and chackt more exciting than ever newest easy-on and casual styles Including coat and itop-in types soniB with quick-entrance zippers more exciting than ever nowoit neckline) includo scallop; notch, point, shawl and squaraj >iim skirts to 136 inch iweaps more exciting than ever nowoit trims includo rlc-rac, ptcolayj cording, rhinoilono and big platttr butlont; self-coverod belts 2.69 EACH They're your doy-ln, day-out choice for busy days:c:for shopping and strands too. And now with fresh new stocks here for our sale you have so many dresses to choose from.:;coat and step-in styles in so many sparkling new prints. You'll appreciate the neat trims and detailing, newest patterns and colors. Note especially the quality features... vat-dyed 80-squore percales, 70 to 136-inch iw»epi. Scoop them up at this sale price I Misses, half sizes;

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