The Orange Leader (Orange, Tex.), Vol. 62, No. 167, Ed. 1 Monday, July 19, 1965 Page: 4 of 8
The following text was automatically extracted from the image on this page using optical character recognition software:
of pride la the
One of our
üt tO *NVhÍCÍ^Jj^i^| m " **** j-^r^
\ -program. Ijb war end peace we
" oversubscribed our quotas for
e's ownership of fixed-dollar
J®S i ■ :
E and H Jboods likewise are the third
„rgest block of the public debt and figure
out to more than a seventh of the total, a
proportion that has not changed materially
tat the nation as a whole. in recent year* A total of $22 billion of these
the silver * bonds is being held beyond maturity/
The peak sales period was more than $12
„ «toce they were offered* to the
to the wartime atmosphere before
- reart harbor. And they havilad a sustained
record of accomplishment^ their inüuence
the economy and on the people's thrift
: in May 1841, as suc-
a previous "baby bond" program.
Wye view of the 24-year period since
the following highlights:
Total sales came to $156 billion since in-
lon through April of this year. The domi-
aft, $124.5 billion or $4 out of every
was in E and H bonds designed for per-
; or moderate mear .
Interest paid or accrued in the .period
!|p$éd up to just under $23 billion.
Redemptions have amounted to more than
29 billion, an indication of the extent that
_,e program has contributed to consumer
buying power and hence to the expansion of
the economy over the past two decades.
The public's current holdings of E and H
bonds total practically $49 billion and thus
represent a major store of personal saving .
In fact, they make up $1 out of every $14 of
billion in 1944 under the stimulus of patrio-
tism and wartime fervor. As was to be ex-
pected, there was a big drop after-the war
ended but E and H bond sales still have
averaged about $4% billion a year over the
past decade. , « -
Numerically, the $25 E and H bonds are
far in the lead, their combined purchases
running about twice that of all the" other
denominations put together since 1941.
In dollar total, though, the $1,000 bond,
has been as big a producer for the Treasury
Department, with aggregate sales of each
running about even at more than $40 billion
from the inception of the program to date.
Next in line is the $100 bond with sales
of more than $28 billion for the period, fol-
lowed by the $50 bond with over $23 billion
and the $500 bond at nearly $20 billion.
The smaller the denomination, however,
the greater the redemption rate. The latest
figures show that the $25 bond represents
only about an eighth of the public's current
holdings of E and H bonds while the $1,000
denomination makes up about a third of the
Secondaty Boycotts in Construction Proposed
If there is one thing that most of us dis-
like, it is to be'involved in a dispute with
which we have nothing to do. ft usually
leads to trouble. '
For this reason, since World War II the
trend in labor law has been to prevent the
public and innocent employes and employers
from being entangled in labor disputes. The
idea ia to let the union and employer directly
concerned hammer away at one another but
keep others out.
Labor law thus stops small disputes from
escalating into major crises that could crip-
ple neutral businesses, throw innocent em-
ployes out of work and harm the economics
of whole communities. The law does this by
banning secondary boycotts.
Yet harmful as secondary boycotts are,
the AFL-CIO now is asking Congress to
legalize them in the construction industry.
The legislation is the Common Situs Picket-
Actually, construction unions now have
the right of picketing at building sites and
they frequently do. Sut the picketing has to
be directed solely against the employer with
whom the union has its dispute and no
The AFL-CIO wants to let unions direct
picketing against all employers. Ironically,
this would include those who have contracts
with these unions and are living up to them
in every respect.
In our area, management arid labor in the
construction industry have learned to work
together to the extent that nicketirig no
longer is a serious problem. Even so, the
legislation that would allow secondary boy-
cotts would be bad for us and for the rest of
the nation. It should be defeated.
ACROSS THE EDITOR'S DESK...
More Than a Forest Dies When Trees Burned
By J. CUIAEN BROWNING
If you have been a resident of East Texas for
as long as 30 years . you can remember when
vast stretches of the territory were kept desolate
by forest fires.
Thank goodness, this is no longer the case. The
number of such blazes have been greatly reduced'
and the total acreage affect- «I is small in compari-
son with that of the' earlier years.
This change for the better was no accident. It
Is the result of a cooperative program carried on
by the Texas Forest Service withthe help of the
Federal Forest Service, landowners, and sports-
men and other users of our woodland areas.
There Is no way of calculating the benefit to
the economy of East Texas which has resulted
from its program for the prevention of forest
fires but the total runs to a big figure.
Thousands upon thousands of acres of timber
that otherwise would have been consumed by
flames has either reached the stage for market-
ing or has excellent prospects for attaining
Erosion, once a major problem in East Texas
has been greatly Reduced and many, many acres
of land that for a time were almost completely in-
fertile have been returned to a high state of
Runoff of rainfall has been sharply reduced by
the lush vegetation that has sprung up throughout
East Texas during the years since its people
learned that they can and should prevent forest
fires. This has reduced flooding in streams of the
area during periods of heavy rainfall. *
Despite all this improvement, we are still hav-
ing .entirely too many forest fires in East Texas
and the battle for further curtailment of economic
losses from this source continues unabated.
This fight is now more important than ever
because an ia creasing number of visiters will be
draw* to the area by the big reservoirs under
construction In the N'ecbes and Sabine River
' watersheds.- ; -
Most of the readers of this newspaper will at
one time or another — perhaps quite often — be
among thoae visitors. We therefore Call attention
to an editorial which appeared in the July issue of
Tefcas Parks and Wildlife magazine. ■ „ '
It points out that the lonely, desolate sight
when tbejmoke clears after a forest fire is a
shack to thoee «lib love the outdoors and appre-
Moment of Meditation
So that yon may approve what Is ,an^
nay be pure and blameless for the day of Christ. —
THE OFFBEAT NEWSBEAT .
Leaves Front War f
By HAT BOYLE
It's No 'Long, Hot Summer' Yet
DA NANG, South Viet Nam
<AP) — Leaves from a war re-
From the air South Viet Nam
looks in many places like a vast
When you first ttv over the
countryside, you notice what at
first look like bomb craters or
old abandoned wells. k
But ' no one could have
dropped that many bombs or
abandoned that many wells.
What you are seeing are the
tombs of some of Asia's unnum-
Tombs outnumber the rice
paddies, where grow in vivid
green the white grains that feed
the country's living millions.
The tombs cluster bv the
hundreds in every patch of san-
dy outworn soil. In. smaller
nombers, they also stud the fer-
tile rice paddies, as if the cla-
morous dead were draining the
sustenance of the living.
Some of the tombs are new
and handsome in gold and blue
colors. But most are gray and
old and lichen-encrusted, and
the dead within them as forgot-
ten as the faded, fallen leaves of
a flame tree.
However, the ruin doesn't tell the whole tale.
Other than the obvious irrecoverable damage to
the landscape, there is costly, less apparent dam-
age. A close look will reveal killed wildlife spe-
cies, destroyed eggs and seeds, and charred feed-
Greater individual concern and resnonsibilitv
will help keep such tragedy to an absolute mini-
jmum. Some deadly forest fires are started by
lightning and are unavoidable but fires caused by
careless smokers and campers can and must be
The presence of vegetative cover In a forest.
' means that the soil Is being enriched through
natural plant succession. Fallen branches, dead
leaves and other litter gradually decompose to
form a porous humus.
This soft spongy humus, mixed with mineral
constituents already in the soil, is a valuable aid
in providing regulation for watershed runoff, con-
trol of soil erosion, cover and food for cherishcd
wildlife species, and grazing land for domestic
For man, forests contribute beautiful scenes,
commodities worth millions of dollars and much-
needed recreational ^ites.
Forest conservation and wildlife conservation
are closely interwoven. Many priceless wildlife spe-
cies—mammals, reptiles, birds and others—can
survive only in forested areas ami are completely
dependent upon forest management for survival.
Fire is a deadly enemy of forest lands and
wildlife. In a few hours one fire can destroy
growth that has taken generations to develop.
Where the land is burned extensively, the humus
content of the soil and the seeds Of trees are jso
thoroughly affected that reforestation Is very slow.
It takes decades to replace a lost forest.
Even fish do not escape. Ashes fall or are
washed by runoff Into streams and produce
chemical solutions that kill fish foods and some-
times the fish themselves.
Our natural resources in woodlands and wild-
life are far too precious to allow irresponsibility.
Be careful in wooded areas.
Make sure all fires are dead and discarded
cigarettes are extinguished. Be a good example for
young outdiwrsmen. And quickly report any fire
seen. Outings touched with responsibility are just
as much fun as those which are not
At the time of the All - Star
baseball game in mid-July the
shape of the season in the ma-
jor leagues is pretty firmly es-
tablished. The teams that are
one-two-three at mid - Summer
will be right up there in Septem-
ber. The New York Mets and
the Kansas City Athletics will
finish last. The waning summer
days have brought surprises in
the past, as when the old Bos-
ton Braves rode up eight places
in eight or 10 weeks, but the law
of averages is distinctly against
this sort of thing.
By analogy, dare we take
heart because, at All-Star time,
the winter prophecies that it
would be a "long- hot summer"
in the slums of the big cities
had not been fulfilled? The
shape of the season here could
be set. The success of the civil
rights proponents in carrying
forward their fight in the halls
of Congress has already had its
reflex In at least a comparative
restoration of patience to the
The promise of pre • school
summer education has had its
effect. The history of the mid-
dle 1930s, which opened with a
spate of labor violence and
closed with peaceful agreements
between the newly fledged CIO
and the big automobile and steel
companies, could be more or
less repeating itself on the civil
rights front today.
It has always stood to reason
that "long, hot summers" must
at some point run into the law
of diminishing returns. Violence
must either go forward Into rev-
olution. or give way to common
sense adjustment of issues. The
Automobile Workers in the thir-
ties couldn't sit in forever; they
had to keep General Motors and
Ford going because it is produc-
tion, not violence, that keeps
labor Itself Supplied with the
good things of life.
The truly heartening thing
about this summer is that the
Communists and their de facto
allies among the free lance rad-
icals are meeting with difficul-
ties in their attempt to tie up
civil rights violence with the
campaign to sabotage the U.S.
in its Southeastern Asiatic and
Caribbean policies. James
Farmer, the national director of
CORE (the Congress of Racial
Equality), has, despite his own
personal opinions about peace,
told his organization that it has
no business mixing civil rights
issues with Viet Nam. And, sig-
nificantly, there has been no
widespread movement on the
part of members of Dr. Martin
Luther King's Southern Chris-
tian Leadership Conference to
follow thpir leader in his pa-
cifists and appeasing approach
to foreign policy.
' In putting these words dqwn
on paper, we run the risk of be-
ing confuted by events. But if
the official Communists, the lo-
cal Maoists, the Progressive La-
bor Party, the Students for a
Democratic Society and other
^advocates of Leftist extremism
succeed in making the month of
August a shambles, the source
of the agitation will be fairly
plain to almost everybody. The
demonstrators will simply be
tagging themselves as either
the dupes or the servents of a
Too much is known, by the
FBI and the local police de-
partments. about tbe movement
of conspiratorial agents to per-
mit easy deception of the Amer-
ican people from here on in. In
Chicago, vyhere there has been
a real attempt to matte it a
"long, hot summer" on the pat-
tern ot a year ago, Mayor mch-
ard Daley soes to it that the in-
stigators of lie-aowns and sit-ins
are well photographed for iden-
tification. The appearance of
Communists in key spots among
the demonstrators has been doc-
umented in depth.
There are pienty of ljitnors,
as these woras are being writ-
ten, that the way-out Left is
cooking up some "long, hot
summer" stuff for August m
Washington, D.C. There could be
marches on the Capitol, stall-
ins on the streets, demonstra-
tions in front of the White
House. Since the Communists
are giving Viet Nam priority,
the civil rights issue would be
subordinated to foreign policy
protests. But this in itself would
be a tip-off to the nature of the
marches and the stall-ins.
The poet Sara Teasdale wrote
of "children's faces looking up,
holding wonder like a cup."
It is the faces of Vietnamese
children that give most encour-
agement to Americans here.
They are so brigfit-eyed, en-
thusiastic, and eager to accept
In the eves of the middle-aged
and elderly, you are depressed
to see sometimes a mild anti-
mositv or at best a dull passtvi-
tv. Often you have the feeling
they don't really see you at all
— they are either looking
through you or around you, as if
you were not there at all.
But the children and the
youths see you. They are inter-
ested in Americans and this is
cheering,, even though you may
have to face up to the fact that
what , they are looking for may
more often be a cigarette than
help to political freedom.
The hardest thing for Ameri-
cans to get used to over here is
Vietnamese money. It is by far
the shabbiest paper currency on
earth, particularly in small de-
The largest bill Is the 500-
piastre note. This is worth about
$7, and th|y are invariably,
clean and crfép and neat.
The •'average Vietnamese
worker, who earns from less
than 60 up to 85 piastres a day,
rarely gets his hands on one.
The 100- and 200-pinstre notes
are usually in pretty good
The five. 10- and 20-piastre
notes — and particularly the
fives — are the financial lan-
guage of the poo- The five-
piastre note is so dirty, frayed,
unsanitary and pawed over that
you féel you may he contracting
a riamelpss, disease every time
you accept one in change.
The situation in^ South Viet
Nam is bewildering laKmanv
ways to thousands of the Ameri-
can military men stationed
here. The customs of the péople
are so different, the conduct of
the war itself is so different,
from anything they have known
But" there Ls also a great de-
termination on the part of most
to see this thing through.
I think the best expression of
both this bewilderment and de-
termination that I have heard
was made by Cant. James W.
Haerer, 33, a fighter pilot from
During a flight we made to-
gether on a sunoly plane to a
mountain forf, Haerer said:
"You don't always know what
you're fighting over here — but
you know it has to be fought."
THE BUSINESS MIRROR...
Stock Market Is Not
Impressed by News
By SAM DAWSON
ON THE LINE
More Resolutions Due
Vatican Council Vote
By BOB CONSIDINE
ROME (Spl) - The Fathers
of "the Roman Catholic Church
—cardinals, archbishops, bish-
ops, etc., numbering about
2,500 — are presently mulling
over the semantics of the final
concrete proposals of the first
Ecumenical Council in nearly a
As is the case in most con-
gresses, the toughest legislative
nuts have been left at the bot-
tom of the bowl. Archbishop
Pericle Felici, secretary gen-
eral of a council whose roots dig
17 centuries into the thinking
and religion of mankind, has
now sent out the final 5 of 11
tests to be discussed and voted
on during the fourth and last
session of the historic "window
meeting of tbe oldest
sect. - /
Among the last ditch resolu-
tions to be voted on, when tbe
council meets in September, are
1. A completely new outlook
by the church's nearly half bil-
Try And Stop Me
-By BENNETT CERF
A book to chuckle over is Paul
Steiner's "Useless Tacts of His-
tory." Where else, for Instance,
could you pick up the informa-
tion that When big, He - Man
Howard Taft once
a White House batl
lion communicants on the Jews
in relation to the crucifixion of
2. A clearly defined acknowl-
edgement that the straightedt
road to Heaven does not neces-
sarily lead down the center
aisle of a Catholic Church;
3. Collaboration of the good
works and dlsbursals of
rival Christian mi,
forts, as well as
equally competitive missionary
projects within the church Itself.
American Catholic sources la-
boring at the Vatican insist that
the vote in these cases will be
swift and sure, and all on .the
liberal side. But as of now the
non-Catholics involved cannot
rest assured, and for good rea-
Pope Paul's Passion Sunday
sermon and a dour London Ob-
server report combined to alarm
and offend Jewish communities
all oyer again. The pope's talk,
which was deplored by com-
monweal, an important U.8.
Catholic weekly that prides it-
self in not being "priest-ridden,"
was interpreted In some quar-
ters as disposing of John
XXIII' determination to demol-
ish for all time the persecution
of Jews per se for what a few
Jews persuaded a Roman pro-
consul named Pontius Pilate te
do nearly 2,000 years ago.
The Observer, edging farther
out on a limb than
NEW YORK (AP) - A flood
of good news is failing to im-
press the stock market. Nor, for
a change, is bad news setting
off the usual reflex tremors.
The market ended Friday Ju
16 just about where it was
day July 9.
The good news would have
impressed traders in other-
days. Rosy reports last week of
rising corporate profits, heart-
ening gains in industrial output
and the total volume of goods
and services, as well as in per-
sonal income, went apparently
The news out of Congress was
of the same type — new laws'
, that will increase government
isstynary ef- «pending in the future and also
those almost the incomes of many citizens
snd the sales of some compa-
nies. There were aleo promises
of still more government pep
pills as the economy needs
At the same time, gloomy
predictions of stepped up in-
volvement of the United States
in Viet Nam — with the mem-
ories of the Korean War still
fresh <— didn't cause the ner-
vous reaction on tbe stock mar-
ket that a like news item might
felted, or Just cautious? T
One explanation of the dol-
drums in Wall Street could be
that the good news was mostly
about conditions that are past —
if only as recently as a month
age. The market knew that the
economy was still going ahead.
The market, along with the
public, has lived so long with
international troubles that flare
up and die down only to be du-
plicated In new locations that
even this kind of bad news may
have lost some of its power to
The list of corporations re-
porting increased profits, many
setting record highs, grows each
¿iit the Stock market Just took
note and dawdled. Few expect it
win go on being seemingly indif-
ferent to good news or bad. But
which type of news will predom-
inate in tbe days and weeks
ahead, or which will bear most
weight, is today's
game on Wall Street.
have in the past.
Is the market blase, or
■ A swell vacation and going
broke on one are both things to
write home about.
ttkiSXtoE/it True Life Adventures
WOOD for PUN
member of a troupe of
artists from behind the
in was asked by a
w he had received John* « is matter,
his theatrical training. "Well,'; a"y through the
old J e s u i t Cardinal
Bea, are in the proceas of being
watered down disastrouslfr/fi
reactionary members of the
L'Osservatori&fcomano, the _
Vatican City dally, ia of no par-
ttedlar comfort to those whe «
worry whether tbe present pope .
is keen about carrying oat '
lln the na-
■Art Theatre, and
hit stardom in|
•V . T
Mars' influences, somewhat
day, caution against oversgressiveness and tenden-
cies to ride rough-shod over others. U an employe,
careful not to antaonoize
In general, stick to routine, and
to ill ftfftiflttoiHf
'•One of the
life is not how
8 dream of
Ernest Hemingway was a
and his sister, «ho
more than a mar
dressed as tWtes?
And we'll bet you
UK. AP,ant ^
,pi vt Vtim
. m ■
i v.. •; «5¡(m v'>.r'' ■
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The Orange Leader (Orange, Tex.), Vol. 62, No. 167, Ed. 1 Monday, July 19, 1965, newspaper, July 19, 1965; Orange, Texas. (texashistory.unt.edu/ark:/67531/metapth143091/m1/4/: accessed October 22, 2017), University of North Texas Libraries, The Portal to Texas History, texashistory.unt.edu; crediting Lamar State College – Orange.