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Ike's Korean Decision Unwise' Says Mitchell
Chicago — (U.P.) — Democratic National Chairman Stephen A. Mitchell said last night that President Eisenhower was "a party to an unwise reduction of military strength before Korea."
Mr. Mitchell flatly rejected Vice President Richard M. Nixon's plea that Americans "get behind" Mr. Eisenhower and trust his professional judgment on military matters.
Mr. Mitchell, appearing on a television news conference, said that when Louis Johnson was secretary of defense, Mr. Eisenhower testified in support of Mr. Johnson's much-criticized economy defense budget.
Mr. Mitchell said that Mr. Eisenhower then testified that the reduced Johnson defense budget represented "all this country could stand" in financial outlay.
"I certainly reject Nixon's suggestion that the whole matter (of national defense) be left to the president," Mr. Mitchell added.
The national chairman also said the current controversy over Sen. Joseph R. McCarthy (R-Wis.) gave the Democrats a chance to make political hay, but at a "pretty high price."
"It's not good for the country."
he said of the recent exchange of charges and counter-charges between Sen. McCarthy and the Army.
Mr. Mitchell expressed disapproval of Sen. McCarthy but insisted he was the Republicans' "problem."
"They elected him to his position," Mr. Mitchell said in a reference to the Republican senatorial caucus, which chose Sen. McCarthy chairman of that house's permanent investigating subcommittee.
Mr. Mitchell said Mr. Nixon's speech Saturday was "not a sufficient" answer to Democrat Adlai E. Stevenson. Mr. Nixon made a television appearance as the official GOP spokesman to answer criticism by defeated presidential nominee Mr. Stevenson.
Mr. Mitchell also charged Mr. Nixon was "not very careful about the facts" in suggesting the Truman administration "deliberately planned" budget deficits and would never have removed economic controls.
KANSAN CLASSIFIED ADS
Phone KU 376
Classified Advertising Rates
One Three Five
day days days
.50c 75c $1.00
Additional words ... 1c    2c
Terms: Cash. Phone orders are accepted with the understanding that the bill will be paid promptly. Ads must be called in during the hours 10 a.m. to 3 p.m. (except Tuesday, Wednesday and Daily Kansen Business office. Journals blfg., not later than 3:45 p.m. the day before publication date.
LOST AND FOUND
TWO RINGS placed in wrong jacket in Robinson Annex Tuesday afternoon on volleyball game. Finder please contact Mary Rowe, 1025 West Hills 2903.
3-18
MISCELLANEOUS
SOMEONE TOOK TAN an saude jacket in
Chair Heavy, 912. 3-15
In Rain Beery, 912.
SPEND THE SUMMER at Camp on the Lake-of-the-Ozarks. Many positions available for girls as counselors at the Kansas City City Girl Scout Camp, Oakledge, Kentucky. For more information, contact Kansas City Council of Girl Scouts, 1012 Baltimore, Kansas City, Mo. 3-18
FOR RENT
ONE-ROOM furnished apartment. Utilities paid: 506 West 8th; Phone 1344W
FOR SALE
BRAND NEW Swiss Pilot's wrist stopwatch and chronograph. Ideal for flight training. Must sell. Lynn Osborn, 1228 Ohio. Phone 1147. 3-16
NEW ANSCO SCAFF attachment type I G.E. electric motor console photohumograph adaptable to P.A. Electric portable washer on three-way floor figure 831W
MIT GUILFOLI, Sporting Goods, 1711
Nebraska, Kansas City, Kansas
for your sporting goods—sweat shirts, jackets,
tennis racquets, softballs, basketball.
Team discounts. Write for free catalog
for your fraternity or sorority. 3-15
BATTERIES: Guaranteed unconditionally for six months. $5 and old battery. Battery Stores Associated. 512 East 9th, home-owned. Phone 943. tt
TRANSPORTATION
ASK US about airplane rates, sky coach,
family days, round trip reductions, all expense tours and steamship lines. For business or pleasure trip call Mass Rose Glee-ness or Kyle's Pass for both tuition or itineraries and reservations. 8th and Mass. sts. Phone 30. $
RIDERS WANTED: Driving to Wichita Friday afternoon and coming back Sunday evening. Phone Jim Davis at 973R evenings between 6 and 7:30. 3-12
RIDERS WANTED: Driving to Wichita every Friday afternoon and returning Sunday evening. Phone Jim Sellers, 310.3 evenings. MTW-tt
BUSINESS SERVICES
PROFESSIONAL TYPING at student rates. Prompt considerat, accurate and fast. Mrs. Betty Vequist, 1935 Barker ave. Ph. 2721W. MWF-14
FORMAL AND INFORMAL dressmaking,
Phs. 1843L-4, 825 N.Y.
MWF-I
FYPIST: Experienced in theses, term papers, reports, etc. Accurate work, immediate attention. Mrs. Glinka, 1911 Tenn. Phone 1396M. MWF-ff
EXPERIENCED TYPIST will do all kinds of typing at home. Standard rates. Accurate and fast service. Come to 1616 Vt., or phone 2373R. Joan Manion .tf.
JAYHAWKERS: Give yourself a pleasant surprise and visit your 'Jayhawk' pet shop. We have everything in the pet held. Their needs are our business, we specialize for pets, for furs, and feathers. Grant's Pet and Gift Shop, 1238 Conn. Phone 418. **tf**
CABINET-MAKER a nd D REFINISHER:
Antique pieces, Bar-t top finish on table tops. High class work guaranteed. E. E. Higginbottom. Res. and Shop, 623 Ala.
BEVERIAGES, ice cold, all kinds, by the ix-pack or case. Crushed ice and picnic supplies. For parties or picnics see American ServICE Company, 616 Vt. tf
N-O-W! ENDS WEDNESDAY
Ike Refreshes At Camp David
Mat. 2:30 - Eve. 7:00-9:00
Features 3:02-7:24-9:32
A UNIVERSAL
INFORMATION
STUDIO
TECHNICOLOR
Washington — (U.P) — President Eisenhower, refreshed by a pleasant week-end at his Catoctin mountain retreat, buckled down to his rigorous White House duties today.
Mr. Eisenhower planned to start off the day by giving GOP congressional leaders a preview of his major tax address at their weekly White House legislative meeting. The 15-minute speech will be delivered tonight (at 8 p.m. CST) over a nation-wide radio-TV hook-up.
Icy winds kept the President indoors at Camp David yesterday and he was forced to give up his hopes for a round of golf. He used some of his time, however, to work on tonight's tax address.
With the winds howling outside his mountain lodge, Mr. Eisenhower spent the morning with his oil painting. The weather also discouraged any thought of motoring down the mountainside to church in nearby Thurmurth, Md.
Monday, March 15. 1954 University Daily Kansan
Industrial Stocks Rise Because of Tax Relief
New York—(U.P.)-Tax relief, actual and anticipated, is the prime reason for a rise to new highs since 1929 in industrial stocks in a period of business recession. Wall street sources said today.
And, conversely, these sources added, high taxes brought a decline in stocks in 1953, the record year for business prosperity.
Last year with taxes high and relief in sight the tendency among stock traders was to sell stocks that would establish sizeable tax losses.
These losses were used to offset capital gains and could be carried forward for five years to offset other capital gains and partially to offset other income
Men who smoke a pack of cigarettes or more each day develop the disease 10 times as often as non-smokers. Dr. Levin said. Men smoking less than a pack a day have five times as much lung cancer as non-smokers, while the disease affects only three times as many pipe and cigar smokers as non-smokers.
So it was that this type of selling brought stocks down in a year when steel operations, construction, and many other major lines set records, and General Motors was able to sell more than $10 billion in autos, refrigerators, and diesel locomotives.
If tobacco is a cause of the sky- rocketing lung cancer rate, Dr. Levin believes the damage already has been done.
The "weight of evidence" Dr. Levin said, indicates cigaret smoking, even more than pipe or cigar smoking, is a cause of lung cancer.
On Jan. 1, tax loss was out of the way. That took some pressure from the market. On that day also the excess profits tax expired and individuals were given a tax reduction of around 10 per cent.
Dr. Morton L. Levin, assistant state commissioner for medical services, drew that conclusion from a study of patients at the state's cancer clinic, Roswell Park Memorial institute, in Buffalo.
"No appreciable decrease in rates may be expected in the next decade even if everyone forthwith gave up smoking," he said.
Cigarets Cause of Cancer Medical Commissioner Says
Albany, N.Y.—(U.P.)—A state medical official says that the more cigarets you smoke, the greater risk you take of developing lung cancer.
That is because many men have been smoking for years, and a good deal of the lung cancer effect has already been exerted on them, he explained.
Dr. Levin's study was published yesterday in the Journal of the state medical society.
He noted that the chance of developing lung cancer at some time during life has more than doubled for men in New York state during the past 10 years.
"At present rates, 2 per cent of all males may be expected to develop lung cancer," he said. "If the present rate continues, this figure may double again within the next 15 years."
O
STARTS TUESDAY
ANOTHER FILM FESTIVAL HIT !
You Voted to See It Again
THE JOADS step right out of the pages of the novel that has shocked millions !
DARRYL F. ZANUCK'S production
Ends Tonite
"She Couldn't
Say No."
Robert Mitchum
Jean Simmons Henry Fonda - Jane Darwell - John Carradine
This situation was immediately reflected in better demand for stocks and higher prices followed, notably in industrial issues.
The stock market rise was accelerated when the House ways and means committee voted to give partial relief to double taxation of dividends. Dividends received on stocks and taxed first as income to the corporation and secondly as income to the individual receiving them.
The double tax relief planned was small, but it would be equivalent to a rise in dividends of corporations generally. Higher dividends would in turn mean higher yields on stocks.
Meantime the government's turn to an easy money policy sent bonds soaring. Their higher prices reduced their yields and in turn made stocks more attractive as investments.
Pension funds and other institutional investors were heavy buyers of stocks and their efforts for some time have reduced the floating supply. Also, these funds do not readily let go of stocks once they invest in them, market men pointed out.
Another reason advanced in the financial district was what is considered as an eventual return of inflationary forces. This was accelerated as a market factor recently by indications of a budget deficit and a possible rise in the debt limit
With stocks rising while business was in a decline, old-timers in the financial district have held that the market has returned to its one-time function of discounting the future—a brighter future for business.
JAMES STEWART JUNE ALLYSON The GLENN MILLER
Technicolor
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* AMMONDORA HINTZ *
STING OF FEARS - LITTLE GROWN IN JUNGLE - IN THE MOON
TUZECO DUNCTION - CHANTINATOR CHOO-CHOO
PENNSYLVANIA $1000 - MONTHLIGHT SPERNADIE
WITH CHARLES DRANK - GEORGE TOWNE - MICHAEL MONDAY
and HANA ROGERS - 'George On' or 'David Just!'
FRANCES LANDFOUR - LOUIS ARMSTRONG
MEURE KRAPU - NEW POLLACK - THE MODERNAIRES
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