Newspaper Page Text
Thursday, July 27, 1961
I lie National Outlook
BY RALPH ROBEY
Administration Forecasts
A “Boom”
Secretary of the Treasury
Dillion made a speech before
the Press Club in Washington
a few days ago in which he
said that at this time next year
“we may well be in the midst
of an economic boom.” In view
of Mr. Dillion’s position within
the Administration this must
be accepted as the official pre-
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diction as of this time
The Secretary cited gross na
tional product as evidence of
his growing optimism. Gross
national product is the mone
tary value of all goods and ser
vices produced in the nation.
Its all-time high was in the
second quarter of last year at
$505 billion. In this first quar
ter of this year it had dropped
to SSOO billion. By the last
three months of .this year it
will be $530 billion, according
to Mr. Dillion, and for the
year as a whole about $515
billion. In 1962 it will rise by
a further 8 percent, and in the
final quarter of that year 't
will be $570 billion.
That, of course, would be an
extraordinarily rapid rise. Cer
’ tainly it supports the Secre
f tary’s statement that “there is
> no need for emergency pro
■ grams to stimulate the econo
• my.” Unfortunately various
• plans for increased government
s spending continue to be push
t ed in the Congress. They may
• not be “emergency programs
I to stimulate the economy,”
I but. if they are passed, they
will have that effect in any
case.
Mr. Dillion said that the
federal deficit for this fiscal
year, which ends this June 30.
will be about $3 billion, and
for the next fiscal year the de
ficit will be $3.7 billion or
even more if the Congress
does not enact the requested
increases in postal rates. It is
not expected that the Congress
will do this. These deficits, in
the opinion of the Secretary,
are “entirely appropriate.” In
fact, he made it clear that he
would have considered it most
unwise to have a reduction of
government spending at this
time.
And government spending
will continue to rise. For the
fiscal year starting July 1,
1962, it is estimated federal
revenues will be about S9O
billion, as compared with some
$Bl billion in the preceding
year. This will be enough, said
the Secretary, to cover the en
larged outlays and leave some
thing over. Whether that sur
plus would be used to retire
some of the public debt or for
tax reduction has not yet been
decided, although the Admini
stration has promised a tax re
duction bill for next year.
Will the deficits renew the
danger of inflation? The Sec
retary said definitely not be
cause we have too much un
used capacity and too many
unemployed. The only threat
of inflation, in the opinion of
Mr. Dillion, is from wages be
ing increased by more than the
rise of hourly output. This, he
said, is especially dangerous at
present in view of the deficit
in our international balance of
payments and the growing
foreign competition. He ex
pressed the hope that both la
bor and management would
take a responsible view on this
and not force prices higher.
All in all this was a most
' optimistic speech. How sound
are the views that were ex
pressed?
The forecast on gross na
tional product appears on the
high side, but not by too mucn.
Unless the Congress increases
postal rates, as stated above,
the estimated deficit for the
next fiscal year is appreciablj’
too low.
The rise of government
spending is about as sure as
I anything can be.
Inflation is not something to
I stop worrying about. Even
with unused capacity and un
i employment, prices can ad
| vance as a result of govern
' ment deficits. And there is no
i basis for assuming that labor
and management can prevent
| wage increases in excess of the
rise of hourly output.
Eggs are not fattening—they
are a safeguard against low
ered resistance and vitality for
the person following a reduc
ing diet, says R. A. Gayvert,
Extension poultry marketing
specialist.
THE COVINGTON NEWS
Birds Often
Nest A Second,
Third Time
By Alexander Sprunt. Jr.
As is pretty generally known,
many, indeed nearly all birds
will attempt a second and even
third nesting if disaster over
takes the original endeavor.
This applies however, to loss
of the egg or eggs, not the
young.
The once flourishing business
of “egging” was based entirely
on this fact. Four years this
was carried on in many lo
calities along the Atlantic and
Gulf coasts, with seabird colo
nies furnishing the base of sup
ply. Schooners to visit the Dry
Tortugas Keys in the Gulf of
Mexico regularly and loaded
literally tons of eggs from the
great tern colonies there. Much
of the bread made on the west
coast of Florida, and in other
localities as well, used seabird
eggs rather than those of do
mestic fowl. At times a second
gathering would take place
and even a third.
Parties of eggers would land
on a sandy island known for its
birds colonies. If eggs had
already been laid, all w e r e
destroyed as the raiders could
not be sure of their freshness.
Stamping them all out, they
would wait a day or two, then
return and reap the harvest as
they knew all eggs were fresh.
Happily, this has long been il
legal and no longer exists.
Egg collectors were once
numerous in this country also,
securing eggs for themselves
and for trade with other col
lectors. Their depredations
however, were not as extensive
as those of eggers, though
they embrace far more species.
Collecting now is rigidly regu
lated and permits are issued by
the government only to re
sponsible individuals.
Perhaps the classic example
of re-laying is that of a Flick
er (woodpecker) which, when
an egg a day was removed
from its nest, made up the
clutch (or set) by laying an
other egg for 72 consecutive
days!
So, if the cardinal, robin or
other species nesting in your
yard loses the eggs you have
been watching, do not take it
hard. The eggs will be replaced,
but should some predator do
away with the young, that is
the end for the season as far
as that pair of birds is concern
ed, except for certain multiple
brood species.
Extra high tides sometimes
sweep the off - shore banks
and sandy islands clean of the
eggs of skimmers, terns, gulls,
pelicans and shorebirds. They
will lay again, but let a storm
tide occur after the young
have hatched and are unable
to fly and that is the end for
the season.
In rare cases, even eggs will
not be replaced. The Califor
nia Condor, for instance, will
not re-lay if the egg is taken;
therefore, the actions of collec
tors have greatly added to the
decline of this now very rare
bird.
The reproductive urge is
strong in birds and loss of the '
eggs is temporary but loss of
young is apparently a weaken- .
ing of it, the edge having been
worn off, so to speak.
This was the condition that
so nearly exterminated the
“plume birds” (American and
Snowy Egrets) years ago. The
plumes were at their height of
perfection about the time that
the eggs were due to hatch, or
had hatched, and such were
the times when the plume hun
ters became active in securing
the feathers so desired by the
millinery trade, and which once
sold for as much as $32 per
ounce. Adults were shot literal
ly at the nest and the eggs
spoiled or the young, if any,
starved to death. There was
so little replacement year af
ter year, that these lovely
birds were brought to the edge
of extinction. Even adults
which escaped in a “shot-out”
rookery were so terrified that
the rookery was often a fail
ure. That they were saved at
all was due to legislation pro
hibiting the sale of the plumes,
largely engineered by the Na
tional Aububon Society.
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DAYS AWAY
* OFFICIAL NOTICE *
SNAPPING SHOALS
ELECTRIC
MEMBERSHIP CORPORATION
24th ANNUAL MEETING
DATE JULY 28, 1961
TIME 2:30 P. M.
PLACE SALEM CAMP GROUND
PROGRAM
MEETING CALLED TO ORDER
INVOCATION
CALLING OF ROLL
OLD AND NEW BUSINESS
NOMINATION OF DIRECTORS
AWARDING OF PRIZES
CLOSING OF MEETING
REGULATIONS
Registration will begin at 11:00 A. M. at which time either husband or wife
(but not both) may participate. No other member of the family may act in
their behalf. Non-members are welcome but cannot take part in any phase
of the meeting. Proxies may be voted by other members if you cannot be
present.
Covington Office will Close at 10:30 A. M. Emergency Calls will be accept
ed - Call 786-3485
SB. BIG ASSORTMENT
SW OF FREE PRIZES kJ
FREE! Light Bulbs For Registered Members
FREE! Soft Drinks For Everyone
FREE! Top Quality Butcher Knife To First 100 Members Who Register
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Sponsored By
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SERVING STARTS AT 11:30 A. M.
ADULTS $1.25 - CHILDREN 75?!
(Largest Coverage Any Weekly In The State)
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