Friday, .March -|77.'- |96l

SCARLET AND BLACK

Economicsls IiTéifl Travels And Collects Antiques; 3LAC i

Siudy Subjec’r

By Bob Myers

The economic problem in Lat-
in America today results from‘
the people developing economic
\vaan much [215th >
ways of satisiying them are in

Hobby Reveals Some “lnleresling Finds'

than the' '

troduced, Economic growth, <in»l ‘

creasing GNP, gross iiationaii
product, or GNP per capatal, is

the only way to satisfy the an”: l
l

panding wants.
The central issue thcrelorc. of
the postwar Latin American}
economy. is how achievc
economic growth.

statistics .measnriiig eco—
nomic wellrbcing indicate that
the general masses oi people _
in‘ Latin America live in

to

severe poverty, and the aver ..

all resource
area, as compared with North

America or Western Europe, is
considered poul‘r

Half of the eginn’s
force is engaged in agriculture.
though only 5 per ccnt of the
land is considered good enough
for agricultural production. De-
spite this, Latin America seems
to be emerging (com a self.
sufficient agricultural economy
and to'bs headed toward a mod-
ern. much subdued, industrial
revolution.

A vel‘y'important "factor to
consider is the volume and di-
rection of investment. How-
ever, in Latin America, many
countrics don't have the capac—
ity to use investment funds of—
tectively because of such fac-
tors as la) a shortage of Erie
treprcncurs’ to new ventures, to)
a lack or supervisors, managers
and trained labor, (c) an insqu
fi ent knowledge of the proper
kind of public investment which
will enhance economic develop-
ment, and (d) the presence of
governmental and social restl‘lCr
lionsx '

Gr-m‘vlh does require a large
amount oi: money, and it Lat-
iii America’s output is to cone
tinne increasing at a more
rapid rate than her population, i
she must greatly increase the 1
volume or investment. 1

Using as an example a per
capata increase in GNP of 2
per cent per year until 1975, (a
growth rate which many econr
oinists reel is a realistic goal),
it is estimated that gross invests
ment will need to triple. This
estimate also osumes that great
stridcs will be made toward
removal of the factors limiting
capital absorptive capacity. lists
ed above. and the proper direc-

of 'the investment lunds

F

John Hartung was elected pres.
ident oi East by the members of
that ball in a special election
Monday.

Dick Mullins was pickcd

icerm‘esidemr The election w ,
delayed because East l-s only
wo juniors in rcsidcnc. since
junior status is a traditional pro.
requisite ior hall presidential
candidates, the contest w
h wn open to north campus a

e, .

l-l-artung. Lcigb Tracy and Ron
Sandler submitted applications
ac)‘ the post.

A iootball letterman, [Izu'r
tang was named to the iirst all.
conterencc grid squad this
year, he is also a track letter-
holder and won second place in
last year‘s Conterence meet in
tln- shotpnt and as part ol the
mile relay team.

Mullins has been active in IRC
and thc Gl‘lnncll Students ior
cace, He is a member oi the
Phil sopliy club and has been

affiliated with Nous. the campus
hilosophy magazine.

Thc president and \llCQrpl'C

cm of West were omitted lroin
ast week’s Scarlet and mark

tory. They are Ken Hart and
.ill Chase.

position or the ..

labor :

!\

by Ruth Gruenewald

China, paintings and iurntturc
are among the many antiques
‘ieloneind to the collection of
Sam Tctft, Grinnell iunior. For
nany years Teltt has been
browsing through antique shops,‘
going to auctions and visiting
the attics of old homes in search
of pieces to add to his Collection
The fun of the hobby, says Tefll,‘
is “making a,flnd:" for objects
of great interest and beauty can
turn up almost‘ anywhere,

At one backwoods auction in
Vermont, Tefit picked up an old
drop lcal table and a primitive
painting of a milkmaid for (\Vel‘k
ty cents. Another of his pu
chases includes a pan- oi Carth-
agiiiian lamps and an Egyptian
scarab, originally bought in
Tunis by a professor from the
University of Chicago. ‘i

According to Tom, these i
things which have survived 1
(or so many years help to tie l
history together and to pro ide
a link with the past. Unlike
modern {neloryrprmlutcd arti-
cles he added. they have uni- i
one personalities and back-
grounds. i

Tcift's collection includes
many early American pieces
such as samplers, a plate lrom‘
Harvard College and a cherry
{our pastor bed. The bed itself
cost only $15, but it turned out
to be no bargain when Tom
was obliged to pay $120 for a
mattress to fit it llis tainily has
also inherited some antiques bee
longing to British ancestors who
came to Ame ca and settled in
Boston in 1635. l

One of the good things about
this hobby. according to chtt.
is that the antiques are useful
as well as beautiful, One of his
most interesting rinds is a pawl
or no year old Hcpplewhite

—___—
Name Brands

You Know

Palm Beach Suifs
Hagqur Slacks
Jarman Shose
Hush Puppies
Hickok Belts and
Jewelry
Van Heusen Dress
and Sport Shirts
Jockey Shorts
White Dinner
Jacket Rental
Phone BE (5-4939

Shir Clo'l'hing

AI'I'OSS The (Street From
The Strand Theater

Sam Tent examines a library book concerned with his hobby,
collecting antiques. Tent has been an avid collector for years.
‘ e —

I‘Cont. lrom p. 1
he on this panel, along with l

, Amado and Jose Al'l'nm, wlni .
. upcncd tlie Conlerenc last .
night. .
This cultural panel is pill’tlcllrl

ily relevant for a college ate

di icc, according to thc Contc

ciico steering committee, bccaueu‘
it is to give Gl nncll students
and laculty an idea Of the polls
[lL'Lll and social positions taken
by their LallneAmericun counter—
pai- The panel may consider the
traditional role oi intellectuals inl
iSolllh Amciican communities andl
discuss whether or not tho‘
United States is strongly attache;
cd by the intellectuals to tin,
,South. i

Page Seven

Senators To Talk
Oil ‘Conservaiism'

Barry Goldwater (Rep A i
and lsugcnc J McCarthy (Deni.
Mimi) will participate in a t
(lay lecture and panel scrics

Gi'lllncll April 13 End 19,

Paul Sillllll (political scien "
announced that the two senate
will take part in panel discu
sions and will eat lunch with
tcrcstcd students. They \\'rll
SDCEk on the topic, “A Design tor
American Conservatism (Li c,
alisin): its Jusification. Obstacles
and Prospccts ..

 

; WANTE
l ‘ To
l

chairs from the Isle of Man.‘
0thcr antiques incluac Victon,
ian china, snuff boxes, coins, a‘
Colt revolver and ancient Egyp-l
tian mummy bonds. 1

BUY

1 Boys Bicycle in Good Condil-ion

Coniacl' Jon Lou-son

Extension 306

Mugs?

Deciticilly noii In fact most cycculirc jobs are on

the gioiuul, or come,

all ouicers may apply in p110!

and iiaiigaiur (mining il' they mne| the eligibility
requirements. There will always be a need tor piloted
aiicmit. And it is foreseeable than in your working

 

But right now, there

liiciiiue. tberc nil] he piloted spaceri-ali—pilotcd and
niniglucd by Air Force oihcers. ‘

is also a big inture tor college.

tru led‘Air Force officels on llie ground. New and

ling iechuic jobs

are opening an. luipona'nt atl-

rnlivc positions must be filled as World \Val II
olhcers move into retirement.

How can you—n college sludcnl—hccomc an Air
Force officer? First. there’s Air Force ROTC, Then

for college graduates.

men and women ill cerlzlill

fields. [Item is Oificcr Training School. The gradual:

oi ils lllrceutlonlli CDUISC wins a comm
outl lieutenant. Olller u

ii is a see.
:tys are ”is Naugaior Train,

iiig program, and llle All Force Academy.
Sonic bcncriis that go uiib being an Air Force
officer. Starting salary pills allowances compare

Willi the average in equivalent cililinn jol

Tlien

llierc’s free medical and dental care, ”lil’lyda) vaca-
tion, the chance to win graduate degrees at Air

Form: expense, and lillcml retirement pm

as.

No, Air Force emcers do not need nings In more
up, There s plenly doing on the ground. Pei-hips you
could be one oi ihese young eteeuiiics in blue. Ask

your local Air Force

Reciuilcr. Or ntilc. Officer

Career Information. Dcpt, SC13, Box 7608,

Was

T

gion 4, 013.. it you want tui-ilici- inter.
mation about the nu 1:
g School progi-au .

or training or Orr or

U. S. Air Force

There’s a place for
professional tic/ll'ct'olllcn! ml [/10
Aerospace Team, ‘