The Omaha Guide A Weekly Newspaper Published Every Saturday at 21-20 Grant Street, Omaha. Ncbaaska -Phone ilArney 0600-0601 Entered as Second Cla Hatter March 15, 1987 at the Peat Office at Omaha, Nebraska, under Act of Congress' of March l, 1879. C. C. GALLOWAY — — — — — — — — — — Publisher MASON DEVEREAUX JR —- — Gen. Manager - Acting Editor All News Copy of Churches and all Organizations must be in our office not later than 1:00 p. m. Monday for current issue. All Advertising Copy, not later than Wednesday noon, preceding date of issue, to insure publication. SUBSCRIPTION RATES IN OMAHA ONE YJ ■ S4.00 ...52.50 . $2.50 •_ _50c SUBSCRIPTION F?ATE OUT-OF-TOWN ON’’ ' . $4.50 National Advertising Representatives: INTERS! ATE UNITED NEWSPAPERS, INC. 545 r:.rth Avenue. N Yo’’- Cib , Phone Murray Hill 2-5452 Ray Peck, M anager Economic Highlights \ Business Week recently ran an article whose title, “U. S. Exports: End of a boom,” outlines a situation of rapidly growing economic importance to this country anc^ the world. Since the end of tire war, we have been selling goods abroad at a tremendous rate. Europe presents an insatiable appetite for the products of America, and so, to a! lessed ex tent, do the other continents. That appetite hafj; not slack ened in the slightest—but, even so, our exports are' now de clining in both volume and value, and everyone expects they will drop drastically in the future. i The reason for this is obvious. American exports have lately been leaving our ports at the rate of $16,000,000,000 a year. On the other hand, our imports have been at the rate of only $6,000,000,000 o year. This means that the balance of the world has been operating at1 a deficit of $10, 000,000,000 a year in foreign trade with us alone. And it means that its dollar credits have been running out alarming ly fast, and that the bo Item of the pile is definitely in isight. England, of course, presents the most pubicized example of the trend. The American loan of $3,750,000,000 was expected to last through 1950, and possibly longer. When Britain made her last withdrawal recently, the balance re maining was a mere $•400,000,000. That is only enough to last her a few months at her latesd rate of purchasing. The result is that she is freezing the dollars she has left and is cutting her purchases in the 11. S. to the bare bone. Fur thermore, she is having to follow the same policy with other countries, in that intricate currency agreements now in effect force her to, convert pounds into dollars, in many cases even purchases are not made in America. What is true of England is true1 of much of the world. A STnHber of Latin American nattions have lately slapped severe restrictions on importts, because their dollar credits and gold stocks were becoming dangerously depleted. The effect of this abroad will be more belt tightening, ywd a lower standard of living. The newest British ration cut is an indication of what is happening. The effect at home will be the loss of many billion dollars worth of business. Who wilU be hit hardest by the sag in exports? The answer to that may be the farmer. To take England as an example again, in the first half of 194*7 she bought about $607,000,000 of American goods. Over $232,000,000 went for foodstuffs, and $77,000,000 more consisted of inedible fats. Every country, is making desperate efforts to become as nearly self-sustaining as possible in foodL Some machinery people have reported serious drops in foreign sales. But* by and large, 9urope will use* every pos sible penny for heavy industrial evuipment. The only hope for European economic salvation is to rebuild her snattered baric industries, and she can’t get the machinery anywhere except from us. Obviously, the market for anything resembling a luxury or non-essential item will practically vanish. All of this may be changed by future American legisla tiveaction. The Marshall Plan for instance, involves much food for Europe as well as durable goods, But, at besit, it will be limited in scope. And it applies only to European countries not within the Soviet sphere of influence. Theree h always the possibility of more American loan's and credits. But Congress will move slowly when it comefe to this. There is a feeling that Europe has not) made the most of the aid we have given so far. > Perhaps the most remarkable proposal yet is Mr. Bevin's suggestion that thte L. S. divide up the Fort Knox, gold in the interest of world recovery. One American spokesman observed that this would involve giving the gold away and then buying it back. It hardly seems a feasible idea. At any rate, exports are on the way down. This won't cause major upsets in this country sifTong as domestic busi ness remains at or about present record levels. But should U* S. purchasing power fall in the home market, loss of ex ports would really be felt. % V 1 The professional politicians don't like it, but a strong public groundswell seems to be running in favor of Eisen hower as the Republican presidential candidate. The Gen eral s record, personality and forthrightness are very power ful assets. Some commentators have observed that Eisenhower will have the bestchance for the nomination, if, at convention timo, it looks as if the race will be very close and the strong est possible man is necessary. If, on the other hand, it looks as if the Republicans can win regardless of the candidate, someone who has long been identified with the party will probably get the nod. There has been recent talk of an Eisenhopver-Stassen lieken, and polls indicate that it would be remarkably strong. Itudefinitely a possibility. ‘And While They Make Up Their Minds’ 6. *"■ i t . * ‘ FACTS ABOUT BEER “Father of the American Temperance Movement” ( Dr. Benjamin Rush, a physician-gen eral of the Continental Army and a signer of the Declaration of Indepen dence, s regarded as “Father of the American Temperance Movement ” To Dr, Rush, the word “temperance” . was no euphemism for prohibition. As leading American physician of the Eighteenth Centifiry, he well under stood the evils of intemperance and he inveighed against it in published writings. But he also anderstood and appreci ated the benefits of moderation. He advised his fellow countrymen to im itate the Sober settlers of eastern Pennsylvania, whose alcohol beverage was about solely the beer they brewed from barley malt. Inone of his books, he produced a “Moral and Physical Thermometer”, in which he showed Temperance at the top of the scale and Intemperance at the bottom. High on the scale under Temperance was listed beer which, he said, brought “serenity of mind, reputation, long life and hap • M * pmess. Of malt beverages, he also wrote, “They eontain so little spirit, and that so ,intimately combined With other matters, that they can seldom be drunken in sufficient quantities to produce intoxication—They are, more over, when taken in a moderate quan tity, generally innocent, and often have a friendly influence upon health and j life.” When Dr. Rush advocated temp erance, he did not mean compulsory abstention. Then, as now, the word temperance was a synonym of modera tion, to which members of the brew ing industry and millions of other Americans wholeheartedly subscribe. mp nr* Ton For many year* deaths hi th* United States due to fire hay* been • v»*rncr ns aenstnd 1 f* * ,ro0* Neighborly Friendship Dy Blanche Alice Rich “Let us clasp hands as we walk who get along without either of them, together, for no man know'6 on the But no one can go very far with j morrow whether we two pass on or out friends. walk alone-” Not many of us axe rich, and not m^ny of us can give much of earthly goods, but we cda all grasp some hand as we pass By. And we can grasp that hand now. Tomorrow may be too late. Without a hanclasp or a friend this world wouldn’t be a very pleasant place to live in. | Friendship is an’s most prized poss ession. I Some people will say knowledge, wealth, home or health, but most i people who know something about the wtrld will say friendship. Knowledge is a great possession hut most people get along without much of h. Wealth is a great possession also I but there are many people contented I and happy on this earth without it. Home and health are also to be prized but there are millions of people The Right Road Today, all over the world, irreligion marches shoulder to shoulder with violence and unrest. Totalitarian Revolution, imbued with- god less ideologies, sweeps the globe in arrogant, unholy triumph. If we are t» preserve what we believe is the essence of civiliza tion, to re//inand hold the full measure of sacfed liberties and main tain the dignity of man, we must encourage, aid and abet a more sober realization of the indispensable influence of The Word of,God in our every day life. . J. ~ xr . For, his,.vW?,rSa! -.AMtKMwe’ |