Editorial Page Thought For Evening
A man always has two reasons for doing anything a good reason and the real reason J P Morgan.
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Newspaper
Biddeford Saco Journal
Location
Biddeford, Maine, United States of America
Date
Jun 10, 1959
Page
4
A man always has two reasons for doing anything a good reason and the real reason J P Morgan.
Bruce Biassat notes oil output from Middle East and Venezuela grows, with the Soviet bloc expanding Western markets and U.S. quotas aiding domestic production. New finds in Sahara and Libya boost supply, while price dynamics slowly adjust demand. Experts warn shortages may fade as producers pump to avoid debt.
A research report to state chambers says the President’s budget balance hinges on two big ifs. Congress must cut more in remaining bills and block new spending measures or veto them. The study warns of deficits if postal rates, gas tax, or education and infrastructure bills pass, risking higher taxes or future cuts.
Washington observers note the steel labor and management talks drift as both sides insist on different definitions of wages prices and profits. With the June 30 contract expiry near no side reveals full demands or figures, while public understanding remains low and fighting terms confuse the issue.
AP reports that tax and policy factors shrink U S Treasury borrowing appeal. Corporations and state locals enjoy tax-exempt or deductible costs, while government backed mortgages offer higher yields. Federal Reserve tight money policy and rising debt also pressure Treasury securities amid a crowded borrowing market.
AP reports Boyle analyzes Japanese theater using English synopses. The Mother of Shosuo Shigemoto follows Kunitsune and Kitano-kata through joy parties, betrayal, conflict, and eventual tragedy, ending with a mother and son reunion beside a cherry tree. Scene 15 in Nichigeki’s Take features Concrete Jungle with youth, rock, and New York crime echoing backstage realities.
A poem depicts a clearing sky after a storm with a blue path, jeweled grass, sunlit pines, a bird singing, and a renewed promise on sea and land. Lily D Pearce of Old Orchard Beach signs the piece, conveying renewal and nature imagery.
Miss Florence Smith returns home after a brief visit to Massachusetts. Carl R. Strombom graduates from Rensselaer Poly technical Institute with a degree in mechanical engineering. The Philathea class of the Saco United Baptist church meets at the Ocean Park home of Mr. and Mrs. The Women's auxiliary Christ church meets at the Ocean Park summer cottage of Mrs. Peter Pembriant. The Women's Missionary society of the Biddeford Baptist church meets at the cottage of Ora Wiggins Ocean Park. John Swanson, manager of a Biddeford retail store, leaves for New York City for the World’s Fair. Atty and Mrs. Francis J. La Fountain return home after a business trip to Portsmouth NH. Mr. and Mrs. Robert M. Moore move to Orono to pick up their son Thomas, a student at the University of Maine. Robert Guerin returns home for the summer vacation. Mayor George C. Precourt arrives in Biddeford from a European tour. James Trask wins the first open handicap golf tournament of the season at Old Orchard Beach. Harry H. Hull the Saco superintendent speaks at the Biddeford Saco Rotary club. The Women’s Missionary auxiliary of the Jefferson Street Baptist church meets at Mrs. V A Marston’s home. Assistant Coach Henry L Lavallee of Thornton Academy attends the hop at Bates College. J and Mrs Maurice Letarte return from Montreal and Quebec.
Hollywood AP columnist Max Shulman notes society tilting matriarchal as men become commuters and return home exhausted. With washers and dryers easing housework, wives take charge, prompting a shift in family authority from the traditional father figure. He adds the dynamic reflects broader cultural changes in domestic life.
A compact crossword list presents across clues including Distort as wood, To one side, Twosome, and many more. It features varied answers from languages and literature to geography, chemistry, and history with references to names and places like Milton and Columbus.
Ruth Millett prompts readers to tackle feared tasks invite strangers book library trips reconnect with old friends improve home convenience and aesthetics assess work role set distant goals review outside activities and seek personal growth to avoid a dull life.
Paul Harvey warns that persistent waves erode shores and the dollar alike. He likens 1920s German hyperinflation to modern currency decline, cites Argentina under Perón, and argues inflation threatens the nation as labor and industry negotiate. He discusses Dobie Gillis adaptation and notes shifts in consumer costs since the 1950s.
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