The Daily Banner, Greencastle, Putnam County, 25 April 1967 — Page 7

Tuesday, April 25, 1967

The Dally Banner, Orsancastto, Indiana

Page 7

National Window—Opinion

By LYLE WILSON The foreign aid spending light is turning now from green to amber and it had best turn fast. There may be a tint of red in the amber before long and by then the U.S. dollar is likely to be going down for the third time. If it sinks, the doUar will have been heavily weighted by the policies of the bubbleheads who have been for years conducting the U.S. government as an eleemosynary institution at home and abroad. An eleemosynary institution is one that distributes charity or doles out relief. That's us. It has been calculated that since World War n, American taxpayers have doled out nearly $130 billions to aid other countries. This is known as foreign aid. Billions of these dollars spent abroad tor usually good causes have been assembled by the central bankers of aided nations and have been exchanged at the U.S. Treasury for gold at $35 an ounce. So it is that the U.S. gold reserve which did so much to keep our dollar strong has been shrinking over the years without much effective corrective effort by anyone, least of all by the bubbleheads. The Congress occasionally rebels at foreign aid spending and trims away a dime or so. But the Johnson administration, like those before LBJ, proclaim the urgency of big-time foreign aid despite the dissipation of U.S. gold stocks. In 10 years from 1956-66, U.S. gold stocks shrank from $21.9 billion to about $13.5 billion. Foreign gold stock increased from about $14.3 billion to $27.3 billion. In 1956, foreigners held $13.8 billion for which they could demand Treasury gold at $35 per ounce. They hold nearly $30 billion now and the stock of U.S. gold in Fort Knox Is down to $13.1 bilUon.

Coll OK Shot At Florida Cape GAPE KENNEDY UPI — After tiie countdown came within one second of blastoff today, the Air Force called off an attempt to launch two advanced Sentry satellites and three midget moonlets atop powerful Titan 3CK Rocket. The five-in-one shot was expected to be rescheduled for later in the week. The countdown was stopped automatically an instant before a planned launch at 5:25 am. EST when trouble was detected in the triple-barreled super Titan. Engineers later traced the apparent cause of the problem to a valve that failed to open as planned five seconds before launch time. The valve con' trolled steering fluid for one of the rocket’s two large solid fueled boosters. The postponement was called at 6:50 am. EST to correct the difficulty. If one of the 1.2million pound thrust solids lost its steering control on liftoff, the 703-ton vehicle would be destroyed. The two 731-pound space Sentinels were part of the Defense Department’s Vela program designed to detect violations of the treaty signed with Russia and 100 other nations in 1963 that outlaws nuclear tests everywhere except underground. From their planned 69,000 mile high orbital vantage point, the new Vela satellites were expected to have a key role in the elaborate U. S. system to guard against clandestine tests in and above the atmosphere. Six other nuclear detection satellites were orbited in pairs in 1963, 1964 and 1965. All still are operating, but none can effectively spot bootleg blasts on or near earth. The advanced satellites make up for the deficiency.

Card of Thanks I wish to thank everyone who sent cards and visited me while in the hospital. Kenneth Shannon Roachdale

ANTIQUE SHOW and SALE Crawfordsville, Ind. May 5-6-7 4-H Building 11:30 a.m. to 10 p.m. 6 p.m. Sunday OOOD FOOD-FREE FARKINO

Many foreign nations have accepted and kept U.S. trade or foreign aid dollars, stashed them in their treasury and used the accumulated dollars as backing for their own paper currency. That custom began when the U.S. dollar was as good as gold. Under the circumstances now developing there could be a run on the dollar—like a run on a bank. Foreign dollar holders could line up at the Treasury demanding gold. The $13.1 billion In gold would not all be available. U.S. law provides that 25 per cent of the value of U.S. Federal Reserve paper money must be backed by gold. This paper presents most of the U.S. money in circulation. LBJ deserves little blame for the plight of the dollar. Johnson was trapped by bubblehead precedent when he entered the White House. But he would look better if he had the wisdom to spring the trap.

BELGIAN FIGHT AGAINST POLIO BRUSSELS UPI—Anti-polio vaccination now is mandatory in Belgium. Babies are vaccinated starting in their third month and sequences are completed by their 18th month. The government program Is free, but parents or guardians can have children vaccinated by physicians of their choice at their own expense.

John E. Stempel Wins Re-Election NET YORK UPI — John E. Stempel, head of the department of Journalism at Indiana University, was reelected secre-tary-treasurer of the American Council on Education for Journalism at the annual meeting. Frank R. Ahlgren, editor of the Memphis Commercial Appeal, was reelected president. The council, composed of representative of all areas of the communications media, sets standards for 60 journalism schools throughout the country. It meets in connection with the annual convention of the American Newspaper Publishers Association.

Damans Awarded To Student In Soap Case

LAFAYETTE UPI — Lewis Truex, Anderson, a former Purdue University student, won a $67,500 damage verdict in a suit against another ex-student for sight loss suffered when he was hit by a bar of soap hurled from a shower in a dormitory. A jury of 10 men and 2 women in Tippecanoe Superior Court deliberated seven hours before returning a verdict which gave Truex $17,500 more than he asked for in a suit filed shortly after he was injured Jan. 30, 1964. Truex amended the complaint just before the trial started a week ago, however, to increase the sum sought to $100,000 as a result of a physician’s deposi-

tion that there is a 25 per cent chance the youth will become sightless. Truex charged that James R. DeCoursey, Edinburg, now a ood buyer for Purdue, threw a bar of soap from the shower in a residence hall washroom while the lights were out and the soap hit Truex in one eye. Testimony by the plaintiff sought to show he would lose his sight completely in one eye and possibly in the other. But the defense charged Truex’s eye trouble was not caused by an accident. DeCoursey denied he was even in the shower at the time Truex charged he was injured.

Blondie

By Chic Young

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Johnny Hazard

By Frank Robbins

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ACROSS 1-Walk S-Sluggish 9-Place 12- Young salmon 13- Ripped 14- Deface 15- Each 17- Printer’s measure 18- Man’s name 19- Vehiclo • 21-Score 23-PMters 27- Pronoun 28- Self-respect 29- Yearning 31-Pronouit 34- Note of scale 35- Poriod of time 37-Marry 39- Teutonic deKy 40- Conjunction 42-Ventiiato 44-Rod dye 46-Sun god 48-Small children 50-Transactions 53- Cash drawer 54- Frae of 55- Symbol for tantalum 57-Lea 61- Angar 62- S-shapod molding 64- Was homo 65- FootKha part 66- Manies 67- Lot K stand

1- Resort 2- Hit lightly 3- Silkworm 4- Go before 5- Cubic meter 6- Behold!

7- Native metal 8- Departed 9- Facial osprasaions 10- Nobleman 11- Server 16-Pfcture-taking device 20-Attempt 22- Part of “to bo” 23- Agile 24- Algonquian Indian 25Greeting 26-Stitch 30-Sewing implement 32- Inheritor 33- Sea eagles 36-River island 38-Units of currency

41-Barters 43-Decay 45-Compass point 47-Man's nickname 49- Units of currency 50- Fall in drops

51- lreland 52- Pack away 56-Mature 58- Speck 59- Poem 60- Damp 63-Man's nickname

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34"

55"

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39“

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Beetle Bailey

By Mort Walker

SIR/ I HEAR THERE WAS A WILD PART/ AT THE OFFICERS' CLUB LAST MISHT... IT REALLY SOT OUT OF HAND

Archie

■ 1 - - By Bob Montana

FOR 2 WEEKS

(WOULD YOU UKE SOFT WATER OR WOULDN’T YOU? HERE’S YOUR CHANCE TO FIND OUT!) Have filtered soft water at a turn of any faucet in your home, on trial, for 2 weeks. Service rates are as low as $4.75 per month, plus a modest charge for original connection.

” tlEY CUUJGM man CULLIGAN OF GREENCASTLE, 436 BLOOMINGTON I am not presently a Culligan Soft Water Customer. My dollar is enclosed. Call and arrange for my two-week trial of soft water. NAME ADDRESS (This offer expires May 1, 1967. One coupon per family.)