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hye Oshawa Times Published by Canadian Newspapers Limited, 86 King St. E., Oshawa, Ont. Page 4 Tuesday, December 1, 1959 Protection Of Pensions Against Inflated Loss A bold scheme to protect pensioners from inflation by linking government annuities to the cost of living is urged by Ottawa econotist H. Scott Gordon in an article in Maclean's. At present, he says, many of our elderly citizens are doomed to a retirement of poverty, helpless victims of Canada's creeping inflation. "Why not have inflation insurance so that people can protect their retirement living standards just as they now pro- tect their property with fire insurance?" Mr. Gordon asks. Indexed annuities, he claims would insure pensioners of the full productivity of their savings. "The funds they con- tribute would be used for the expansion of the productive capital of the nation. When prices in general go up the money value of the services rendered by that capital goes up as well. If those who contributed the savings that made that capital possible receive only a fixed dollar return, they are, plainly, having a part of their 'real contribution filched from them." Such a plan, Mr. Gordon writes, would not constitute a government sub- sidy. But, even if it did, the subsidy would be justifiable. "Because of the structure of our taxation system, govern. ment revenues rise at about twice the speed of the money value of national income . . . It seems hardly more than fair that the government, which is a major beneficiary of inflation, should provide compensation for those who are hardest hit by it." The writer anticipates opposition to his suggestion--both from the insurance companies and from the Bank of Canada. "The insurance companies," he points out, "will fight it because it might re duce very substantially their own insur- ance and annuity sales and therefore would reduce the amount of investment funds under their control. The idea of linking anything to the price index is anathemia to the Bank of Canada. That august institution, however, has a rather warped list of anathemas these days. On this matter its apparent views are not well founded and should be dis- regarded." In Search Of A Due "Outer seven" and "inner six," free- trade area versus Common Market-- or as a Pirandello might call it, two in- harmonious voices in search of a duet. That is the way the Christian Science Monitor looks at Europe's trade group- ings. The European Free Trade Associa- tion -- or "outer seven"----came into be- ing last week. The European Economic Community--the "inner six" -- is now nearly two years old. It includes the Benelux countries (Belgium, Luxem- bourg, the Netherlands) pli France, Italy, and West Germany. Like so much of the Topsy-growth of free-world unity since World War II, these two organizations have been built in the protective shadow of the great Western Alliance. It is with regard to their effects on that alliance that their merits must in the long run be judged. Neither grouping would matter long without it. The debate over the "inner six" and Massey Still We are happy to see where the Rt. Hon. Vincent Massey is not yet ready to accept retirement. Only recently relieved of his duties as Governor-General, Mr. Massey has accepted the position of Chairman of the Conference Council in the Duke of Edinburgh's Second Commonwealth Study Conference which will be held in Canada in 1962. Mr. Massey retains the interest of Canada, and of the Commonwealth, fore- most in his mind. We can think of no one better suited for this important post. He brings to the task the organizational ability, the foresight, and the intelligent leadership which are required. the "outer seven" is political as well as economic. Its economic sides concern mainly whether to raise a common tariff wall around a European trading community, or whether simply to reduce tariff walls within the community while leaving in- dividual members free to trade with the outside world on their own terms. It also concerns the range of products to be freed from trade barriers within the community. Politically the debate is of basic con- cern to all the Western world. Imme- diately it concerns supranational author- ity which is part of the common market concept. Ultimately it asks the tremen- dous question whether even a federated European continent would be strong enough to survive without close British and American ties, But the more immediate argument is whetlier Britain can afford to join an economic bloc that makes political union a prime objective. To that the British answer no. Serves While the conference is more than two years in the future, there is much to be done in preparation. The council chairman will have much detail to ar- range, many meetings to attend. Mr. Massey, who has always shown a tre- mendous interest in educational and cul- tural matters, adds this interest to his other qualifications that fit for the post. It is our hope that Canada will long have Mr. Massey available to serve the growing needs of a growing nation. We wish also that his example would in- spire many others to seek such diverse interests and devote themselves so readi- ly to such things as promote the public good. Labor Relations In U.S. President Eisenhower apparently looks kindly upon the proposal of George Meany, president of the AFL. CIO, for a top level conference of in- dustrial and labor union leaders to develop "guiding" lines for just and har- monious labor-management relations." The idea, of course, is not new the Milwaukee Journal notes. Secretary of Labor Mitchell recently suggested that labor and management leaders might The Oshawa Times YT. L. WILSON, Publisher and General Mancger C. GWYN KINSEY, Editor The Oshawa Times combining The Oshawa Times established 1871) ana the Whitby Gazette and onicle (established 1863). is published daily (Sundays ond statutory holidays excepted). Members of Canadian Daily Newspapers Publishers Association, The Canadion Press, Audit Bureau of Circulation and the Ontaric Provincial Dailies Asso- ciation. The Conadian Press is exclusively entitled to the use for republication of all news despatched in the paper credited to it or to The Associated Press or Reuters, and also the local news published therein. All rights of special despatches are also reserved. Offices Thomsbn Building, 425 University Avenues, Toronto, Ontario; $40 Cathcort Street, Montreal, P.Q. SUBSCRIPTION RATES Delivered by carriers in Oshawa, Whitby, Ajax Pickering, Bowmanville, Brooklin, Port Perry, Prince Maple Grove Hampton, Frenchman's Bay, 'aunton, Tyrone, Dunborton, Enniskillen, Leskard, Brougham, Burketon, Claremont, Fairport ch, Greenwood, Kinsale, Raglan, Blackstock, Manchester, Cobourg, Port Hope Pontypool and Newcastle not over 4. per week. By mail (in province of Ontario) outside carriers delivery areas 12.00; elsewhere 15.00 per year. Average Daily Net Paid Publisher's Statement as of March 31, 1959 16,260 break down some of the hostility be- tween them by holding periodic meet- ings away from the bargaining table. A year ago Arthur J. Goldberg, chief counsel for the United Steelworkers' union, proposed in a talk at the Univer- sity of Wisconsin that a labor-manage- ment assembly meet for two or three weeks each year to discuss mutual problems. National labor-management confer- ences have actually been held. The last major one, in 1945, was called by Presi- dent Truman to lay down "a broad and firm foundation for industrial peace and progress" in the postwar era. The con- ference ended after four weeks of bick- ering. If Mr. Eisenhower sincerely wants to make use of labor-management advisers on a more modest scale, statutory pro- vision exists. The Journal says. The Taft- Hartley act (section 205) created a "national labor-management panel" to be made up of 12 persons appointed by the president--six to be "outstanding in the field of management" and six "out- standing in the field of labor." The act authorized the panel to "advise in the avoidance of industrial controversies and the manner in which mediation and voluntary adjustment shall be adminis- tered, particularly with reference to con- troversies affecting the general welfare of the country." Wg See TAT The MAGAZINE BOYS ARE TRYING To ForecssT THe 19605 . { VE To peu 2 ALL -0E WTAITS OTTAWA REPORT U.S. Distance Race For Presidency Open By PATRICK NICHOLSON NEW YORK -- Twelve months from now, the electors of the United States will choose a new president, to succeed ex-General Ike Eisenhower, who is not el- igible to run for a third four-year term in the White House. With both parties courting the non-political soldier, he twice won handsomely on the Republican ticket, which is roughly compar- able to our Progressive Conserva- tives. Yet now he has to try to implement his policies in the face of an adverse Congress, a situa- tion which cannot happen under our more realistic parliamentary system. Many liberals in the U.S. be- lieve that the success of Demo- crats running for Congress last year forecasts a Democrat as president in 1960. Responsible Democrats hope that Adlai Ste- venson, famous ag the "egg-head" A close second to him is Senator John Kennedy, controversial as a Roman Catholic, able as a cam- paigner. REPUBLICANS COULD WIN But the distant race is very much open, both as to party and as to candidates. Even Democrats admit that a "progressive" Re- publican could triumph across the U.8.A. in 1060, just as a Progres- years ago, his enthusiasm so far outran his prudence that many Democrats today bitterly recall how he virtually smeared their party as Communists. This would prevent him attracting many cross-over votes in the presiden- tial election. THE PEOPLE'S CHOICE Recently a dark horse has come forward as a possible runner in the White House stakes. This is a very personable and obvious] competent working politician Nel- son Rockefeller, who last year bucked the strong Democratic BY-GONE DAYS 43 YEARS AGO Oshawa's public school regis. tration was reported at 1450. Gunner J. A. Cooper and Pri- vate Edward Drinkle, of Oshawa, died of wounds sustained in ac- tion in France. The town of Whitby sent a seven pound box of Christmas comforts to each of its 108 volun- teers serving overseas. The Malleable Stove Co, prem- ises and contents were destroyed by fire. Estimated loss was $50, Mrs. F. L. Fowke presented grade eight of King St. School with a collection of five art pic. tures, The Whitby Board of Trade was reorganized after a period of tide and demonstrated 1 voter-appeal by unseating the Democratic Governor of New York State, Averell Harriman. He has not yet expressed his inten. tion, but he is now actively test ing the temperature of the water prior to plunging into the attempt to exchange his $50,000 a year job as governor for the $100,000 a year job as president. Before becoming chief execu- tive of the most populous state-- with a population approaching Canada's, thriving in an area matching Newfoundland island-- the 51-year-old Baptist with the famous name had wide adminis- trative experience in Washington. He served as assistant secretary of state under Roosevelt; as spe- sive Tory swept one opposing party to disaster and two to de- struction across Canada in 1958. The professional politicians in the Republican camp believe they have a winner fh Vice-President Richard Nixon, the 46-year-old Quaker from California. Sports-loving Nixon spent four student years sitting on the sub- stitutes bench on the edge of his college football field. He has al- ready warmed the substitutes bench outside the White House for seven years, hoping for the ele- cial istant to Pr Eisen- hower; a under - secretary of health, education and welfare. He now is seizing every oppor- tunity to deliver a major speech; to expectant audiences he is throwing out some statesmanlike and thought-provoking ideas, hint- ing that this is not the time for the leader of the West to "have more of the same" in govern ment. I enjoyed hearing his per suasive argument in favor of a Pan-American economic union-- "the eventually inevitable bar- tral ically ining lever inst the Euro- vation which would follow the once-feared death or retirement of Ike. Next year he hopes to win in his own right, but is more likely to perpetuate his football failure, He is not the darling of the voters; but he is the choice of the "old pros," which may well be the kiss of death. As a member of the House un- American activities committee 10 pean Common Market, and the logical stabilizer of Latin-Amer- ican unrest." *His charm is undeniable, his platform manner winning. Rocke- feller the Baptist may well prove to be the Diefenbaker of the United States. Many Republicans are growing confident that with him, but only with him, they could win the 1960 elections. FOR BETTER HEALTH Why Many Executives Reach Breaking Point HERMAN N. BUNDESEN, M.D. Are our executives breaking down? Unfor tely, a them are. And no wonder. The fast-paced careers of to- day's busi and professional men bring countless encounters with emotional problems. There is stress at the office, stress at luncheon, stress at home. BREAKDOWN Al of these stresses produce i And tensi d of Breakdowns come in a variety of forms. DIFFERENT TYPES Perhaps your family life will suffer, as in cases of divorce or separation. Maybe you will be- come physically exhausted and require a long rest. Or perhaps this overburdened executive will turn to alcohol for fledged alcoholism. Some persons flee the sources pr breakdowns. Every one of us--you, me, the guy next door--has a breakdown point, That was proven pretty conclusively in World War II. Some of these breaking points will stand much more than others. But the point is that un- der enough pressure everyone is vulnerable. Many types of stress are shared by most executives. These involve business, family, envir- onment, even the world situation, Other pressures are entirely individualistic. These are feel- ings of indecision, insecurity, uncertainly, fear, and ome which we don't like 'to recognize--in- adequacy. Succumbing to these tensions doesn't necessarily mean that you will wind up in an asylum. bp , of their t simply by pack- ing up and taking off. Others be- come physically ill. And, of course, heart attacks and other illnesses kill a mounting num- ber of executives each year. WHAT TO DO? What can you bosses do about these tensions? Well, the first thing to do is to admit they are present, Try to understand them, with psy- chiatric help if necessary. Take at least one long vaca- tion each year; take two if it is at all possible. No man is in- dispensable--not the chairman of the board, not the president of the firm, no one. Have some outside interests, something that will take your mind off your problems. A game of golf with business associates won't do it. REPORT FROM UK Canada Key Area In Cable place in the plans, oecording to J. R. Bevins, the new postmas- ter-general in the British govern. ment. Giving some details what is being put under way, in an interview, Mr. Bevins said the round-the-world cable scheme has aroused world-wide interest, particularly in the common wealth countries which will form the major connection links. Cost of the entire project is estimated at £87,000,000, Half of this am- ount will be paid by the British Post Office department. The bal- ance will be divided among the various Commonwealth countries involved in the scheme. TH CANADA FIRST The first step in the profect will be the laying of a new Trans-Atlantic cable linking the United Kingdom with Canada. The survey work on this has al ready been completed. It is ex- pected that this new cable will be in serVice some time in 1961, The next link in the chain will he a £26,000,000 cable under the Pacific Ocean, to link Canada with Australia, New Zealand and other parts of the Antipodes. This section, it is estimated, will be completed by 1964, From there, the world-wide ca- ble will go on to Singapore, In- dia, Pakistan, and South Africa, Lawlor, vice-presidents; W. D. Dykes, secretary and A. H. Al lin, «treasurer, Mrs. Wiliam Mayre was award- ed $4000 damages in a Supreme court action against the Grand Trunk Railway arising out of the accidental death of her husband. W. E, N. Sinclair, J. H. Coop- er, W. Coad, W. Drew, W. Knight and G. Hezzlewood at- tended the meeting of the Mystic Shrine in Toronto. Charles Calder MPP for South Ontario, was mentioned as a possible successor to the late Hon. James Duff as Minister of Agriculture. Hal Bateman, formerly of Oshawa, became the cornet so- PARAGRAPHICAL WISDOM A writer says that most vowels and many consonants should be omitted in order to save printing and 'paper. Ths wid be bg mstk, gvg Jhny evn bir excs fr bng pr "I am sure there are beings on Mars who are far more intelli. gent than earthlings and so I wonder why they haven't visited us," says an astronomer. Maybe "they don't go in for slumming. Jas what it will make possible, This of year, the BBC introduced a new system for transmitting TV news films: across the Atlantic over the Trans-Atlantic telephone cable. This new system was first used when the Queen landed in New- foundland to start her tour of Canada in June. It is considered certain that long before the round-the-world telephone cable is completed 10 years hence, Overheard luscious blonde peaking: fd, Solldn' Lin yu it my life on it -- but, er, my life doesn't depend op it." "Some girls 9 to 11 are not only dating, but are going steady" says an educator. It seems as soon as they tire of teddy beais, they become interested in young wolves. "Most of the things 1 was afraid would happen, didn't," said Old Sorehcad, "but a lot of worse things did happen." there will be great advances i» transmission of TV film to tie in with the scheme for TV programs around the worl in a matter of minutes. QUEEN'S PARK --- -- Civil Service P Political Footh By DON O'HEARN TORONTO -- Men and events wait for nothing, even flu. In a few days we have seen the civil servants get their long con- troversial pay increase, Ontario once again have a government house, and Health Minister Dr. Dying threatened with a law suit, Time marches on! INTENDED RAISE? The civil servants? The government was in a most curious position on this one. A while ago it had pretty well decided on an increase, Then officers of the CSAO started their pressure play. There was this question. 2 Could and should the increase be given? If it were it would look as though the government had backed down--or knocked down. It thought the question over for some time and then decided. It would give the raise. LIVING MONUMENT The government house proposal offered a happy double-barrelled answer. The problem? Premier Frost has felt the prov-. inactivity with A. W. Jackson as loist of the 19th Lincoln Regi- ince should have a government president; W. Downie and A. T. mental Band in St. Catharines. house, but was not anxious to ay al spend the money for the capital cost. Dr. Sigmund Samuel, one of On- tario's great benefactors, has wanted to do something which would perpetuate his memory. So Dr. Samuel donated a fine property. Mr. Frost has an official resi dence for the lieutenant-governor. And Dr. Samuel has a living monument. The question of the law-suit against Dr. Dymond is a real puzzler here. It involves the Canadian School of Practical Nursing, as you know. Nearly two years ago there was considerable controversy oov "nursing schools." All except one of the privately- owned institutions were closed down. The Canadian School was left open as a test, Now Dr. Dymond and his ad. visers say the school should be closed down. The school says it has done a good job and should stay open. Behind it all there is the infers ence of jealousy in the medical and nursing professions. Time undoubtedly show which is right. FUN-TEST = jrolet has mode a science Zamp-- A"60 CHEVY! asulating of smooth- Everybody's kind of elegance... The 1960 Chevrolet : E137 {01N 3 Ee] 7.03 Jel 0 (eV) Je, [eo] [6 For more exciting features in "Canada's Favorite" see page 19