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THE ISLAND PUBLISHING COMPANY
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Sig J. Digree, Editor and Publisher
Betha Digree, Executive Secretary
MEMBER OF ASSOCIATED PRESS
The Associated Press is exclusively entiUed to the use or republica
uon of all news dispatches credited to it or not otherwise credited in
this paper and also the local news published herein.
Need for Showdown
v‘The nation has suffered three rounds of inflation in
the post-Worid War II period, which together have raised
overall living costs by 60 per cent and have reduced the dol
lar's buying power by nearly two-fifths in a period of little
more tha» a decade. ”
This startling statement, made in “Money-Matters”,
which is published, by ths Inscuutc of Life Insurance, indi
cates very vividly the trend of the country today and is a sub
ject of grave Concern to President Eisenhower.
*The President’s call for action encompasses basic ele
ments in the inflation problem. In his appeal to the nation he
*tress<xl the importance of prudent buying by the consumer
an 1 c ie need of restraint by business and labor in wage and
pricing policies.
He likewise ur^ed two fundamental steps by Govern
ment-restoration of a balanced budget in the 1960 fiscal year
by a $3.9 billion reduction in spending, and a call for a nation
al resolution for a stable dollar.
THREAT TO THE ECONOMY
The concern of the life insnrance companies with the
impact of inflation on the economy as well as the welfare of
the people is emphasized in a resolution adopted by the Eco
nomic Policy Committee of the Life Insurance Business. The
resolution said: “The goals of maximum output and employ
ment are not in conflict with general price stability, as some
believe. Moreover, we can enjoy economic growth without in
flation. Indeed real growth is impeded by inflation because
rising prices injure and ultimately destroy the will to save,
which is the well-spring of economic growth. Inflation Jalsore’
tards economic progress because it fosters inefficientlmanage
ment, hampers desirable shifts in'Ieconomic JresoursesJJand
disturbs the functional balance of costs, prices and income.
“Avoidance of inflation, therefore, is an^essential go**
along with maximum ^output, employment and economic
growthi” _ _
NEEDS OF BALANCEDZBUDGET ..
The economic Policy Committee took] a strong] stand on
the need for a balanced budget. Another resolution jsaidj 4 4A
balanced budget means living within our?means. Itjis’a soun3
necessary to avoid a farther drop injthe purchasing|power
the dollar. Ti> ineir n F^ l^r*I deficit in prosperous times
wtwld surely produce a fi r her rise in the costjof living. Wise
management of the financial affairs of the country requires
the Federal budget be balanced in a period of prosperity.
Education Trend
. • 1
The education trend today bears out Sen. Gruenings ap
peal to the Housing Subcommittee of the Senate Banking and
Currency Committee, when he called for the expansion of the
facilities of the University of Alaska, where he said the en
rollment is expected to double in the next three years.
The U.S. Bureau of the Census has this to say about the
future of education in this country: “The number of high
school graduates will increase by around 45 million, or close to
85 per cent, in the next 20 years. In 1960 this group is expect
ed oO add up to more than 95 million, the equivalent of well
over half the population 15 years old and over in that year,
as against somewhat over 40 per cent currently and little more
than a third of this age group back in 1950.“
The report states that the number of college graduates
will show a rate of growth almost as great in the next de
bacles. In 1980, the group which will have completed four or
more years of college is expected to total 15 million, about 7
million more than now and the equivalent of 10 per cent of the
population 20 years old and over in that year. Currently the
number of c*mege graduates is equal to approximately 7 per
cen t of the 20 and over population group, while in 1950 the
proportion was only 6 per cent”
Here, There after everywhere
(Editor’s Note: Voir say dogs
don’t talk? You’re just a skeptic.
You lack understanding. Or may
be you don’t understand the finer,
things in a dog’s life. We hope
that’s all. Arf. Arf.)
A Dog’s Life
WHAT YOU GONNA DO WHEN THE LOVE BITE HITS?
By SIG DIGBEE
Allow me to introduce my
self. I’m a little black Scotty
who has been around these parts
for the past ten years, and just
trying to get along.
Things are happening to me
that shouldn’t happen to a dog.
My master and mistress have
gotten into the habit of tying
me up of late. I can’t under
stand it. I remember a long time
ago my master said that if he
had to keep a dog tied up all
the time he wouldn’t own one.
Boy did I love those sentiments!
I know he’s mad at me about
something. I can’t figure out
what it is—I’n* doing what I
usually do—chase cats (my mi»
tress never frowned on that
before); sniff other dogs (here’s
no law against that,, that I know
of); I haven’t even indulged in
one of those one-sided fights with
a dog twice my size—my master
always laughed at me every time
I did because I always wound up
in a prone position—I guess I’m
what’s known as the underdog.
There’s only one thing that
I’m doing that may be causing
this tying up business. A pack
of . us males have, been getting
together lately chasing that bea
utiful lady cocker spaniel—it’s
the old, old urge. Maybe we are
feeling our oats a little. Most of
the time it doesn’t bother me. In
fact I scorn such lowly practices.
I think my master was a little
disappointed in me a few times
because I didn’t show any such
tendencies. Nov/—because I’m off
with the pack, he’s mad.
About twice a year, I don’t know
what gets into me, but I’ve got
to join the pack—that’s where
the trouble started.
I came face to face with the
dog-catcher. My ma&ei**tyas no
tified. When he caught up with
me he was* raving and ranting
about the hours he had spent
looking for me. The dog cat
cher—he’s a nice guy, and so
is my master sometimes—but t
don’t know why they can’t leave
a poor little dog enjoy his lort
life in privacy! It makes you al
most want to run away.
What baffles me. One minute
you’re allowed to run free—the
next you’re tied up. This rope
business, I don’t like. I’m going
to try to be a good doggie fnwn
(Continued to page 5)
Life Insurance
Wo havo a plan to fit your need.
Call uo with your problem.
Art Brooks, General Agent
. . , • *•‘5
Ben Guhrke, Solicitor
Kodiak lasaraaco & Bldg. Corp.
3401 2561
“Vasuruaee Vs Oar Business”
■
A Bank Customer la more than
a nama on a ledger card. He Is a
flesh and bloed fellow human
being, with emotions, _ hopes,
ambitions and personal prob
lems Just like our own.