Two south suburban area res idents took honors in the Lake County fair which ended Satur day in Crown Point, Ind. Ed Oldenburg, Jr., of 377 Herman, Crete, won the grand champion trophy in the pigeon show. Gustav Brumm, of Rural Route 2, Chicago Heights, snar ed third place honors in the showmanship division of the pony show. Brumm also took third place honors in young stallion and gelding competi tions. In addition to Oldenburg’s grand championship trophy, the Crete man won a trophy in the utility pigeon division and won best of breed for French Mon daines, any cutting back by the big groups in the economy would surely lead to depression. To a degree we agree with this thinking. But we shudder at what could happen if the infla tion spree is allowed to mount higher and higher from its al ready lofty level. The bigger the action, the more powerful is likely to be the reaction. To us it seems far wiser to risk some sacrifices now than to run the extreme danger of se vere economic breakdown lat er. What frightens us is the tendency for key groups to simply wait and see. When the avalanche is visible, it is already too late.