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PG. 16, - PLAINDEALER - DECEMBER 13, 1967 Educational F@ynd@tion To Dec. 14 (Continued from page 1) In addition to minor routine business matters, Secretary Cal Skinner advised this will be an opportunity for the members to meet the new college president, Forest D. Etheredge, and learn what progress has been made during the six months the district has been in existence. Musin' & Meanderin (Continued from page 1) both be among the fortunate, which destroyed any reason for engaging in one of our favorite pastimes -- good natured ribbing. All in all, the party put everyone in the holiday mood and gave us that one important opportunity we enjoy each year, to see our co-workers away from the tensions of the work day. It is our studied opinion that holiday celebrations should be considered at regjilar intervals . throughout the year. McHENRY GIRL SOLOIST WITH COLLEGE CHOIR The thirty-eight member Elgin Community college choir will deck the season with song Dec. 13, when it presents its Christmas concert at 3 p.m. in the First Congregational church, 256 E. Chicago street, Elgin. The concert is free and open to the public. The choir, directed by E. Arthur Hill and accompanied by Mrs. John Volmer, will be assisted by a brass ensemble from the ECC band, directed by Joseph Ciontea. The concert will also feature several soloists from the choir and the Choralaires, a vocal group consisting of eight choir members. The Choralaires open one Section with "As Lately We Watched", an Austrian carol, followed by " The Christmas Song," composed by Mel Torme and Robert Wells, and featuring Soloist Dolly Myers, 5215 W. Rt. 120, McHenry. Music from the concert will be taped by WRMN Radio for replay at a later time. Voter League Meets In City (Continued from page 1) vention. Further information may be obtained by calling Elliott Wheeland The League's 1968 calendar is still the same low price. It is now available from Mrs. Leonard Pawlikowski, Mrs.Roland Herrmann or any League member. Junior High Musicians Plan Holiday Program (Continued from page 1) ver and Lubetkin; "Do You Hear What I Hear?", Regney and Shayne; "Glory To God In the Highest", G.B. Pergolesi; "Beautiful Savior", Siesian Folkson; "Carol of the Questioning Child", arr. Wm. Stickles. Junior High School Band "Theme and Fanfare" , Rolf W. Mohwinkel; "Noel Francais" (four French carols), arr. J. Ployhar; "The Aquanauts • March", Peter Reynolds; "Jingle Bells Rhapsody", PierPont- Walters. Mr. Philip Hefwig is choir director and Carol Kohrt is the band director. Mrs. Maria Guettler is the accompanist. Dis- CANVASS VOTES The school boards of trict 15 and 156 will meet jointly i in the board of education offices at 3926 W. Main street to make an official canvass of the bond issue election on Dec. 16. This meeting will take place Tuesday, Dec. 19. The high school board will convene at 7:30 and the grade school at 8:15. VETERAN INJURED Steven Welter, 21, of Spring Grove was transferred to Great Lakes hospital about noon Friday, several hours ^fter he was seriously injured in aqa,ccident in the family home. Sixty-eight stitches were required to close the wound in his arm after he fell against a glass door. The young man had just returned the previous night from service in Vietnam. McCLORY REPORTS From Washington Devaluation of the British pound sterling should alert Americans to the danger of possible devaluation of the dollar. Official promises that the dollar will not be devaluated are as effusive and unequivocal as the earlier comparable utterances of Prime Minister Wilson concerning the pound -- and are probably as unreliable. The British Prime Minister vowed that there would be no devaluation almost up to the very hour of the decision to wipe out almost 15 percent of the value of British pounds no matter by whom they were being held. The diminished value of the pound can be accurately described in the terms of dollars or of gold. Before devaluation, the British pound was worth $2.80. After devaluation it could be exchanged for only $2.40. Before devaluation it required 12.5 pounds to purchase an ounce of gold, but since the decision to devalue, it now takes more than 14.5 pounds to acquire a single ounce from the world's gold reserve. In one sense we have already experience partial devaluation. Dimes and quarters have been devalued from their former intrinsic value based ontheir silver content to a virtually valueless combination of metal alloys. Half dollars have been devalued so that they now contain oily 40 percent of their former silver content. Great Britain recognized the threat to the pound sterling in 1964 and at that time began an austerity campaign aimed at the reducing excessive domestic spending and seeking to augment its private economy, including efforts to attract foreign investments to Great Britain. Extravagent social welfare programs, labor unrest, and military and other commitments prevented fulfillment of the Labor government's attempts to forestall devaluation. All that can be said for certain is that without those efforts having been made, the devaluation would have been far greater and Britain's economic plight far worse than it is today. Republican members of the Joint Congressional Economic committee warned recently that, "The United States is drifting towards the brink of financial and economic chaos." These minority members of the committee said, "If we are to have a strong dollar and strong international monetary system we must have a strong economy." These Republican members have warned that thejAdministration must place a ceiling on federal non-defense spending and that the proposal to raise taxes without effecting spending cuts would damage the economy. The recent rush to convert dollars to gold has placed an added drain on our gold reserves and the Treasury's next report may well startle those who continue to place reliance on a sound dollar economy. Despite numerous legislative and voluntery efforts, U.S. gold reserves have been diminishing steadily. Whereas in 1956 we held $22.9 billion worth of gold in the Treasury today we have a mere $13 billion. If foreign investors should demand conversion of their dollar credits, into gold, the Treasury supply would disappear. In turn, there would be no gold backing for our own currency. Certainly, if gold reserves continue to decrease - - the temptation to increase the Treasury's pegged gold price of $35 per ounce; probably to $70 per ouitce, will be great. If this occurs, of course the devaluation of the dollar will have been accomplished. ' Official assurances from the Administration to expend whatever is necessary for national defense while, at the same time proposing to increase Federal spending on ;a myriad of domestic programs will sooner or later (but probably sooner) bring our Nation face to face with the issue of "devaluation of the American dollar". The Administration and the Congress need the broadest possible public support to assure that this does not come to pass. SEEK ARROW The city of McHenry announced last weekend that it is keeping a manual traffic count at the new traffic signals ar the Front-Waukegan - Elm street intersection in an effort to convince the state of Illinois that an arrow turn would be advisable. Since the state had given approval to the engineering plans, it must also approve any change, based on facts and figures compiled locally. USE THE CLASSIFIED ALFALFA WEEVIL RESEARCH An extensive research program dealing with the alfalfa weevil and its control has been underway in Illinois, according to Dr. George Sprugel Jr., chief of the Illinois Natural History Survey. A serious forage crop problem in a number of other states, the weevil was first reported in Illinois in the southeastern counties in 1964. It now infests about 85 counties. The program is centralized in the Vincennes, Ind. - Lawrenceville, 111. area. In addition, cagesz-enclosing alfalfa and the weevil adults have been located about every 50 miles from the Illinois - Wisconsin line to the Tennessee - Mississippi line south of Memphis. | You Will Receive One Of $ These leaistlfiil Christmas | Candles |* (New Subscribers Only) When You Subscribe To The PLAINDEALER 00 ,04 Complete EAR Issues $ 5 Save $5.40 over Newsstand Price Outside of County-$5.50 B RIBE NOW! 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