Ascent Ain’t Nature Grand? A mil-
The first successful ascent of Hon years ago, nobody knew
Jjj?* 8 ?5 was m *^ e until we’d ever be using glasses, but
1820, 14 years after Zebulon MA .. . ,
Pike first saw it. Pike himself notlce " ow cleverly she put our
never climbed the mountain. ears in the right place.
THE NEW
SABRE
RIDER MOWE
by PENNSYLVA
Choose 6 or 7 HP with cc
fidence you're getting a ri
second to none. 32" cut \
3 forward speeds and 1 re
Cut-height adjustment to
positions while cutting. ,
Optional snow blade, i
You can't beat I
Pennsylvania's Sabre. *
WALTER F. McVEY & SONS
Lawn & Garden Supplies
Ronte 222
plenty, If
here’s what makes DEUTZ the world’s finest tractor!
Deutz Air-Cooled Diesel Engine
No Radiator No Radiator
Problems
Complete warm-up in 30 sec
onds. Operates tiouble-free in
both hot and cold weather ex
tremes.
Precision Built By West
German Craftsmen
DEUTZ is the ougmal builder
of internal combustion engines,
and The DEUTZ engine is ma
chined to perfection so fine
it does not need or use cylinder
head gaskets.
Full Range Of Models
25 To 85 Horsepower
DEUTZ Diesel Tractors are
built in six different power sizes
with model option variations to
fit every job requirement.
STAUFFER DIESEL INC.
312 West Main Street, New Holland, Pa. 17557
New Providence, Pa.
what's a
doing on
CALL US FOR A FREE DEMONSTRATION ON YOUR FARM
20 YEARS OF DIESEL ENGINE SALES & SERVICE
Phone 717-786-2462
foreign tractor
American soil?
"WT**
it’s deutzA
(pronounced DOYTZ)
WINNING Wayne feed dealers. Mr
and Mrs. H. J. Hoober, of H. Jacob Hoob
er, Ronks, were honored recently as mem
bers of the Allied Mills President’s Honor
Council in-ceremonies held in Boca Raton,
Florida. The honor is given for outstanding
marketing achievement. Allied Mills Pre
sident and Chief Executive Officer Roy E.
Folck, Jr., (second from right) confers the
Inflation To Continue In 1969
In spite of a 10 percent sur- the US. economy shows little
tax and rapidly rising interest evidence of slowing, according
rates, the inflationary spiral of to R. I. Nowell, vice president
<!*4v d V tb.fr <J«a 4* k a Ml MM
V
Low Fuel Consumption
Have you ever seen a diesel that
didn’t smoke? Come see a
DEUTZ I Smoke represents un
bmned fuel which means loss in
fuel economy With a smoke
fiee DEUTZ you are assuied of
maximum fuel savings
Most Advanced Hydiaulic
System In The World
Featiues include position con
tiol, depth and draft control,
float and flow control, multiple
remote conti ol valves, and 3
point linkage.
Tested And Proven On
American Faims
Before United States distribu
tion began, ten DEUTZ Trac
tors were use-tested on Ameri
can farms Tractors were work
ed for as much as 1,000 houis
each during a’ two year period
without a single part replace
ment on any of the tractors
other than oil and air filters.
Phone (717) 354-4181
Lancaster Farming, Saturday, April 19,1969—25
honor on the PHC dealership for sales and
service it rendered livestock and poultry
feeders during 1967-68 fiscal yea’’. Nearly
150 of the Chicago-based agri-business
firm’s top Wayne feed dealers and their
wives from many states were honored sim
ilarly. J. E. Streetman, Vice President of
Marketing for Allied Mills, is pictured at
far right.
and economist, Equitable Life
Assurance Society of the United
States
Speaking at the University of
Delaware Bankers Agricultural
Forum, Nowell said that the
biggest single pioblem facing
the Nixon administration is
how to cool inflation without
causing unemployment and re
cession how to disinflate
without deflating.
“The US. economy enjoyed
unparalleled growth between
1960 and 1965,” he explained.
‘Employment grew and prices
remained stable But in 1966, a
fiscally irresponsible budget
and increased spending in Viet
Nam, led to the current infla
tion crisis ”
After a series of erratic mea
sures which served only to ag
gravate the problem, the Feder
al Reserve Board upped the dis
count rate in 1968. The'two-tier
gold market and disorders in
France also relieved pressure on
the dollar.
Following enactment of the
surtax, the FRB became fear
ful of recession and lowered the
discount rate Employment,
credit and spending continued
to rise and so did prices
“In reality, the government
expected too much from the sur
tax,” said Nowell. “And the
FRB’s loosening of economic
restraints counteracted what
ever effect the suitax may have
had ”
At the pi esent time, then, the
country is in the midst of an
inflationaiy spiral that must be
bioken Consumer and business
spending continues at recoid
rates
Acting once and for all to cor
rect the sitaution, the FRB has
raised intei est rates three times
in recent months, said Nowell.
It appears that the Board is
detei mined to squeeze the
banking system and reduce in
flation.
The demand for bank loans
and fedeial fiscal policy are on
a collision couise, he said
Banks have been foiced to sell
government and municipal
bonds to pay maturing notes
and many banks have diawn
heavily on the Euiopean dollar
market
At current money pi ices,
however, many bouowers will
be forced to postpone spending.
Municipal financing has slow
ed and the treasuiy is approach
ing balance.
I’m encouraged by these signs
and a great many more,” said
Nowell. “The Pans peace talks
are encouraging and our bal
ance of payments is approach
ing temporary surplus In addi
tion, the value of the dollar is
increasing in the international
market and the budget pro
mises balance during 1969. In
short, U S. fiscal and monetary
policy, are now in harmony.”