The Key West Citizen Newspaper, October 18, 1950, Page 2

ey aki RATES own on Application thasks resolutions be wal it y= chee | trom aati oa ace 5 cents a li forums ng invites dis- Bnd pubjetts of local oF % Will net publish anonymous Dear Reader: Not a Gay passes without the mails bringiig some special letter from a pub firm that is ready, without com- pensgtion to gend us just the right thing to print. THE ORACLE RURAL TRAFFIC FATALITIES HIGH ~ traffic fatalities are twice ‘as a8 those in urban areas, deci: Philip B. Fleming, Unde once Commerce, who says that’ ‘Sherenete in highway accidents could be- come a oo whoeareia” to national "€ no davbt, of course, of the im- ‘of the tencking industry in “the “Dation is attacked. Obyi- syle gr means of transpor+ an detour obstacles “and : area to another. be that the speaker has his asserts that rural traf- twice as great.as those in May well be true because ‘that motorists and truck attain, Speeds in ur- lly slower and, con- Jess likelihood of a fa- is an accident. cite uch history ‘that has not’ orians. i are about to take the 9: diagnose yeur own ills t; then, see your doctor. ike people like you find people to take you like days money. will develop. | aired | were not: available to‘ determ | tion and recommended further study. } call a decided conflict is apparent between! the ‘woe, Department, which’: backs an “edsy money” ‘policy in order to“ fi- nance the Federal debt as cheaply as. pos- sible, andthe Federal Reserve Board, which is worried about inflation and seeks to force banks to-serutinize leans more carefully by increasing the rate of at which banks cam borrow from better position in the event of_an all-out: struggle: Its tembers are appointed for en years,are: responsible ‘only.to Con- gress and are independent of the ‘ execu- kive Branch: Presumably, it-is in a:position to understand the intricate relationship of credit and inflation and the general ef- fect of “e: money” on the § nomic structure. 1 The controversy s before a Senate ‘sub-committee, headed by Senator Paul Douglas, of Illi- | nois, which recommended that the Treas- ury coordinate its debt-management pol- y with the eredit policy of the Federal Reserve Board. The Senators upheld the Reserve Board’s contention that the .savd ing to the public through low. interest rates is more than eliminated by tionary ‘prices that result from the “easy money”. policy. The Senate committee, however, concluded that sufficient data e the ‘ques+ Without attempting to explain ‘the technical operations of government: loans and the’regulation of bank credit, we attention 4o the increase in bank loans, which-have jumped from $35,000,- 000,000 at the end of 1947 to around $5: 000,000,000.. The big supply of money has tended to increase prices, which are having some effect upon the cost of re- armament. When the Reserve Board sought to-.increase interest rates, the Treasury, in a new funding operation, stuck to itslow interest rate. This was met: by the Board, which offered to sel} # its own at prices that Home-front grolishes should be sent’ over to Korea, to spend a day and a night’ at the front. No ‘person is intolerant who remains loyal to his, or her, religion, regardless of whether other people like it or not. ill depend upon. those | en thoroughly | inflas j pays larger benefits. ++ g¥eroge payment to men and wife: Average C a right. smart. whole nation w ear when people i Govt. sound-off dozen times a d: “Council of Economie . Advisors™ —its chairman popped-off with: the statement that cutting Govt spending would have little to dg with reducing the out-go.. A cham- pion fool statement, asa playwright White,” “Dead Patriots,