The Orange Leader (Orange, Tex.), Vol. 55, No. 270, Ed. 1 Friday, December 5, 1958 Page: 4 of 14
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Moment of Meditation
Views on
dent of the Fixpt National Bank of Chicago, and a part rre.rst caapm. * ***[■
of what he said is very much in point in connection with JTelemeiittrv grade* tpon from
Chavez’ suggestion. We quote: the high school far outwoRk the
The world has finally succeeded in putting peace on jwlgrfWraet cost of mfmrmtxm*
a war-time basis. A cynic has observed that tivflizatkm «*t*v*r»** Uamyer
has advanced so far you can now see television and jet ,-
bombers over the entire world- There alao is a difference of
With a cotinuance of present world unsettlement, Ot^Dtrti^aT® Whether
new weapons and defense modernization will bring pres- K ^ the sai meat Smld
sures for even larger defense in file years immediately be woted east das ^pertcaiar time,
ahead. However, in any attempt to reduce the role of * 1 mm jalonaed es
government, defense is the single most important area r|irirjw^^ ^ rini1t — StSSm-
to'examine
Because of the very magnitude of its expenditures,
defense should be under the necessity constantly of
justify mg its huge outlays and the policies that require
those expenditures.
We ought never to accept complacently the philosophy
that the largest single expenditure of the government
is beyond the most critical and searching analysis.
If wb have a continued growth in defense expendi-
tures, or in total federal expenditures, at a rate substan-
tially faster than the increase in our gross national prod-
uct, it will be necessary either to reduce these expendi-
tures or to ai " ^ - -
RANTS
THE OFFBEAT MEWS BEST ...
Military Ideas Sometimes
More Beneficial in Peace
By HAL BOYLE
jcits and run the serious hazards of inflation?1
However, if we accept huge deficits, should our peo-
ple not be willing to purchase with their'savings at least
reasonable amounts of longer term government obliga-
tions at competitive interest rates rather than to mone-
tize the deficits by financing them largely in the bank-
ing system?
How far have we gone when national publications
and columnists run feature articles on how some of us __ ___ _
can save ourselves personally from inflation, that is, was Booapu^TqiMft for a sm&
from our own folly, while the millions of savers who oi of provtajaefam Ms trey on
make the ecoaomic growth of a nation possible, and upon **
whom a capitalist society and the banking system rest, „
are apparently in these discussions to be “taken to the ^ developed during the
cleaners.” World War ft It Is aow jmd to
Has speculation become a virtue and thrift an evil?
Has speculation become the mark of intelligence and
thrift the mark of ignorance?
Of Populations and Automobiles
As of today there are approximately 1% as many
motor vehicles registered in Orange County as there
were people in the county in 1940.
And the state highway engineer, D. C. Greer, has
just predicted that in lees than 20 years, more vehicles
will be traveling over the state as a whole than, there
were people in Texas as recently as the 1940s.
Both facts have a great deal of significance in rela-
tion to this county’s unsolved highway development
problem.
Barring a change in right-of-way buying policy, the
I. H. 10 contract to be let by the Texas Highway Depart-
ment next month marks the end of important state
participation in Orange County highway building until
its voters approve a bond issue.
But the increase in the vehicle load on the county’s
highway system, both from vehicles registered here and
from the statewide growth forecast by Greer, is going
to continue.
We cannot, therefore, afford to delay, for any longer
JOE PALOOKA
NEW YORK (AP)—£vcfy mom
amt than aatisa developed by fh*
military sendees sons out to bo
I OOMT<3erir,7,ir-rMAV**TH*y
WHY oo oibls CLOSE DONTWANT
TWOC EVES WBN 7Heytec/fTO watch a oo/
™ WASNT IT
WE HAD | TERRIFIC
A ®AU-FUM? 4
...YES-ANOAU HE THINKS
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AFTER AIL,
PHI/. HE’S
a mo- .
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AMERICAN J
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rrs ME, P1LLT1
I (Ihreft*^ True Life Adventures
THE ORANGE LEADER
Bob Axeison_
Herbie Does_
L R. (Bob) M
Joan Sazan-
E. F. Krietich
1 R. DsvUut.
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Browning, J. Cullen. The Orange Leader (Orange, Tex.), Vol. 55, No. 270, Ed. 1 Friday, December 5, 1958, newspaper, December 5, 1958; Orange, Texas. (https://texashistory.unt.edu/ark:/67531/metapth557994/m1/4/: accessed April 19, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Lamar State College – Orange.