The Courier News from Blytheville, Arkansas on December 15, 1952 · Page 11
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The Courier News from Blytheville, Arkansas · Page 11

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Blytheville, Arkansas
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Monday, December 15, 1952
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Page 11
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MONDAY, BBC. II INt (A*ry Congress Wants to Cut .'.'•' V , Federal Spending First •f OUBtH r. aUKBRT .Coecreec. tHtouifc wkttuHy eyeing a t» out fer the nomefolk* ant year, Menu l« b* mort anxleua to .chop federal ipeikdinc cad balance .tae budget ft»t. ' ... ... . ..... - The rwuH ceuW to eaiy mode** fax reduction*. V any, before 1964. .-, That'i the pro«p*et reflected la an AModated Free* purvey of in- throughout ' ' . eenftwnneB ~|he country. " " ' The surrey showed on* thing for L »ur*; oo tne touchy subject of ' tan*, ooncrMwneB'* rtew* ar* •cattored IB aH direction*. • Score* o( lawmakers Indicated 'they fee! keenly toward the voter* 1 pretest against high taxe*—• pro- teet finned b; President-elect H- •enhown- during the campaign. But • •.etsenhower hun't taken hi* stand on any *peelfie tax cut* yet. And the absence of cues from the' new • White House contributed te a.lack .of any overwhelming trend toward "-any single program among the V» *en«ton and ret>re*entatiVH parti r-eipating in the poll. \ In. the' House, where tax bills .must start, W lawmakers lined up more or lee* positively for tax cut* now. '. But n Rouse members said tax ; -reductions now are unlikely or un"•'wise, a'nd S» said the budget should be balanced before Congress star.ts chipping away at federal income That adds up to 95 representatives I,'—about M per cent ef those taking " s stand—who want to go slow," or ". i'not go at all, on revenue cuts. , The Senate, was even more cau 1 tibmi Only 10 senators took an out right stand for early tax cuts, whil 12 stood up In opposition. And IS senators—including several of the ii'mort Influential—said let's balance Mthe budget first and then.see wha can be none about cutting'taxes Opinion was divided closely 01 /what taxes should be rediicei • whenever Congress gets, a round ti it. Among lawmakers mentionihi specific types of reductions, 4J sail -nthey wanted to cut individual .in ""com* taxes; 40 asked for cuts ir •'-excise (sales) taxes, and to reduce either income or exces ...profits taxes on corporations. *r •. Many replies, 50'altogether, wer expressed in generalities whic failed to indicate a leaning in an htiat .direction. And. J63; congress r '.men either could not be reached o .^"declined to' respond.' The" surve • 'makes no attempt to forecast spe citic congressional .action ;— simply reflects .the'opiniohs of con gressmen willing to 'state thel position.!. . '., . Among the large'.number of con gressmeri .who stressed balancln the. budget first, many also looke warmly upon tax. cuts. They sa! t?.x.. reductions could go_ hand j hand 'with'' promised "budget' trimming next year.' others thought tax cuts would have to wait until later. Generally, more Democrats were Inclined to, oppose tax cuts now = than Republicans— Jl- to 1 « In 'the XOOM aad T to I IB'the Mute. D***>tt*> today'* Mattered opln- M, Cougre** will luv* to mike > tta mind on tax** pretty quickly. «x Increase* piled oo top <* tax ncrcue* la the l**t two yssrs of «r in Korea automatically begin i expire next June W, unles* the awmaker* *tep in with a aew rogram. The Mhedule ol tax. declines under present law*; Mext June » — Exec** profits Uxee on business, bringing, In bout Vfi billion dollars annually win b« eliminated. ' Dec, 11, IMS—Individual Income axe* will drop back to lower evel*, cutting revenue by three Illion* annually. The drop will be from the present ttl per cent tax ate to JO per cent on net incomes of 13,000 or lex; from M per cent a W per cent on income*'of |M, 000 to IM.OOO. • • April i. 1M4—Kxeise or 'sales axes drop back by on* billion hiefly OB alcoholic beverages gasoline, cigarette* and sporting goods; corporation income decline on the same date by two jillion annually. Rep. Reed of New York, ranking tepubltcan . on the t«x-writtnj louse Ways and Means Commit ee. favors letting excess profit axes .regular corporation Income axes and excise levies decline's scheduled under present laws.- Heed would advance relief' fo .ndlvlduals'to provide a little-ove a. 5 per cent reduction in 1953, wit! another 514 per cent cut in 1954 But he also has made it clear h feels "what happens to taxes de pends largely on the amount o whittling we can do to the Truma: budget." Martin (R-Msss), unoppose for House speaker, says he favor reducing taxes .without throwin (he budget out of line. Rep. Ha leek of Indiana, unopposed for Re publican floor leader, said tax lief s should follow spending cuts Rep. Scott (R-Pa). a close ad viser of President-elect Eisenhow er,' replied to the survey: "The fir. reQuisite is a balanced budget. W must make the government flnan cially'sound and then think abou cutting taxes." On the Senate side, such prom nent Republican • members of th finince committee as Tatt of Ohio. Millikin of Colorado and Martin of 'Pennsylvania indicated they wani to trim spending before embarking on' tax cuts.'And Sea'. Bridges of New Hampshire, a likely choice for GOP floor leader, has Insisted on budget balancing before tax cuts. - . Southern Democrats, who have .teamed .with Republicans, in' the McKay to Qii/t Governors/i/p This Week EYE-FETCHING ENClNEERS-RlxxU Wetz, left, and Lana Ba*hvn«, *re an *ye-c*tchin< train crew aboard thi* miniature locomotive and tender, In Miami, na. Rhode end Lane are glad they weren't pilotinf the snowbound streamliners that were tied up is the winter's worst storm la the Pacific Northwest r Iron-Nerved Airman Frees Lodged Bomb, Saves B-29 and Buddies TOKYO W)—The Air Force said today in Iron-nerved airman saved the lives of a B29 crew by disarming a live bomb stuck In a bomb rack while Its so-second time fuse ticked away. ' . . : ' The daring feat was accomplished In 40-below-zero temperatures as the Superfort with a crew of 13 started home-to Okinawa from a bombing mission over North Korea. .-,••- . . : Airman First Class Ernest P. Qoo- ris, an aerial gunner from Glassport, Pa., crawled into the windswept bomb bay. The live* of th* crei hung on his ipeed and skill. "I found that a flash bomb use< for nljht strike photo* had lalle: on a couple of 100-pounders tha didn't drop." Goorls related. Fighting against numbing cold he went to work on the fuse. the bomb went off It would ris\ torn the plane apart. Goorls: defused the bomb, in Jui I seconds! past, also were strong for balancing the'budget. •-'. • • '-. • • '" .It Is easier to 1 thread a needle if the end 'of the thread Is cut on a bias.. - -' Two Kansas City Hotels Damaged :.''KANSAJ5 ' CITY </P> — A fire in downtown' Kansas Clty;sent more than 500 guests scurrying from three large hotels yesterday. The flames destroyed a two-story building housing. a restaurant and a • cleaners and .damaged the New Yorker and State Hotels. Smoke damage occurred at the , Phillips -- .- - i person's became 1U from smoke which settled thickly over downtown district but no one was injured dangerously. Damage was eetimated at $250,000 to $300,000. '•••/'• PORTLAND, Ore. W) — Douglas <cKay, who returned yeiterdsy it a week of conferences aboard he cruiser Helena with Presldent- lect Dwlght Eisenhower, said he will resign this week as governor of Oregon. McKay said he then will fo to Wsshlngton, D. C., for a series of inferences before taking .over as ecretary of the Interior In Eisenhower's cabinet. Tanned .and relaxed after the mid-Pacific talks wttli Eisenhower and other key officials In the new administration, McKay told reporters who met his plane after * flight from Edwards Air Force Base. Calif,, that he co.utdn : t discus* what had been said at the pre-inauguratlon Cabinet meetings. But he did say that there would be a lot of hlrlns and firing In the Interior Department when he lakes over. Among those to be fired. McKay said. Is Reclamatln Commissioner Michael Straus, who has advocated federal control of an expended Columbia Hlvcr power system. McKay, who fzvored s program with more regional controls, declined to say who else might lose his Job. But he said. "It Is only natural that a new administration »ou)d appoint people symoathetlc lo the policies of the administration." Hoover to Got Special Invfo To Inauguration WASHINGTON W) — Herbert Hoover will be writ « special invitation to • place o( honor it the Inauguration of Pmldent-eleet Efcen- hower Jin. 30. . The plan thus to pay homage to the last Republican to live In the White House and the nation's only living former president was announced at a news conference yesterday by Sen. Bridget <R-rfW>. Bridges chairman of a legfela tors' arrangement* committee, aalct also that Vice President-elect Nixon i'lll be sworn tn at the same outdoor eremony. $100 MMon In Reserve of 'World Bank' ANNAPOLIS. Md. I/D — The "World Bank" has loaned '114 billion dollar* *ince the end of World War n and ha* been able to set aside loo million In reserve from profits received, the bank's top official seid here last night. aigen* R. Black, president of thp. International Bank for Reconstruction and Development, said much of the IK billion hai been repaid. He told a et. Johns College forum audience that the bank make* a profit of between 15 and M million dollars a year. The loans, to war-torn and .un- develped areas of the world ha** been made to finance eiectrle, grtln storage, farm ana eonstiuetlon project*, he laid. River-Harbor Review Asked WASHINGTON (/n - inve«tJ«lt. Ing congressmen recommend a complete review of the huge backlog of authorlied river, harbor and flood control projects with a view to weeding out those not worth building.. A House public works subcommittee which lor the past 15 months has been studying th» situation Issued Its first report yes- terdsy. It criticized congreumen for "pork barrel" practices, ind Army engineers for not keeping plans up to dale and for «ubmit- tlng "deceptive", cost estimates. M. S. Eisenhower Heads Foundation NEW YORK (/F) — Dr. Milton S Eisenhower, president "of Pennsylvania State College aVirt brother of President-elect Dwight D, Elsen- hower, has accepted the chairmanship' of the. newly formed American-Korean Foundation. The foundation is concentrating on relief and rehabilitation measures and will care for about 100,000 Korean war orphans. CELEBRATING ITS ,82nd CHRISf MAS OF OLd-FASH'N"GOQDNESS CASCADE.,.and only CASCADE, gives you the light mellow ncbneji of the^Gcorgt A. Dickel 1870 formul.l 53 FORD it took money . Yoqr w»ter system serve* yoij by securing water, by storing w»ler, by ieslirif »nH' purifyinj^witer to m»ke" it safe for use and by dehTeriiij water into yeijr heineer pl»e« of business.' These things it is «bl« to do beenust substantial sums of money hart been expended on equipment and installations which perform . these functions. Fortunately, most of us benefit by expenditures made over a period of years, including periods when prices were much lower than they are now. Yet even in terms of 1940 prices, when most commodities cost about half what they do now, water works facilities cost , -real money. A two-billion" gallon reservoir big enough to. provide a 200-day supply for a city c'f 100,000, cost $2,500,000 ten years ago. , : The pumping station required te moTe this'water through the city's mains ,eo«t $100,000 to build and equip. ;• A mile of 8-inch cast iron pipe, of the type used for water mains in residential areu, eo«t *«,SOO, and, under normal condition* eecl another $4,500 to Install. •-..'••' V An.ilevated storage tank of l?S,000-gallon capacity, of th» •.-'.: typ« you^n aec serving small townVand TilJag«i, e«st |18,000. ,,,,. A filtration plant for t city the »ii« of Louisrille, Kentocky, .«o«t $1,850,000. • . Whether financed by private capital or a municipal authority, - * water workii KM alw»y« represented « major InTeatment, ranging from $50 to $ 10<J per person aerT*d> , - Rega'r<M«s« 'of preTailin'g prices, it has always taken a lot 'of money to bring yon safe, usable water. « Blytheville Water Co. THE NEW STANDARD OF THE AMERICAN ROAD! Inn ivb|M le With 41 "Worth Mora" features... it's worth mor* whan you buy it . , .worth mora whan you sail itl comfort you need lor today's level p«rkways or rough, rutted byways . . . plu* nearly effortlee* steering, braking, and parking. And you'll see beauty that belongs wherever you may drive. When you see this new Ford at your Ford Dealer's, when you Teat Drive it and Value'Check it, you'll understand why itis worth more when you buy it... worth mate, when you sell it. You'll agree thst here, indeed, is the New Standard of the American Road! Th'ii '54 ford «etj an entirely new standard for the American Raul. Tor in this big new Ford you'll find 41 "Torkh More" features that give you more of the thing* ywi van!... more of the things you need . ,, than ever before in low-priced car history. You'll find the "Go" you need to handle today's long-di»t»nce driving ... the economy you want on long trip* or short. You'll enjoy Ford's new Miracle Rids that brings you the smooth, quiet riding CHOICI OF V-l Oil SIX ford't famoui 110-h.p. hlgh-ccmprtHien Strato-Slar V-3 kai B partner for Ihrifty "Go"- in th» 101-Vp. low-friction, high-co/npreiiion Milsag* MoVtr Six. 'ford Autaaiolit Power Pilol givei high-compfejiion "Go" with regular gai. A few of th» 41 "Worth Mori" ^crtum in th* 1953 Ford NfW MMACU DIM - MM |»M iwr. WIFT 1O fOeOOMATIC - ond you'll fOWW-f IVOI rsOAU-.r. w^««UJ CUttM-mi PUI1INO - pr«v.ih hex. rMpinln* •**)*• **i ih»«fc *b««rb«r *iv«r thtfl 090111. ll'i t4v» Rn*^, mail • frem ob«y« t* «limtnat« duity, Crafty NMI^I, >nJ nMk*! "filling up" *oii»r <j/vtd, on»-pi*c* "IndiMtFd, • ear. •etien, n«* |vd IMM rubWr •ulhienl, v«rieli]| awtomolie dflvi iv«r built. fioor h«l«t. Th*y *Kr* *«r« VH»%- fi»m «!Tf *r lirf* «[ th« fowtmi punp. *ld», or»-pTtc« r*«f w]nd«sw «nrf b'f rH« *•( fW»« y«u •« A»J i«m«mb«r, Fotd olio ofi«r> lti« «ruil»J ilooi *•<• «»J ^•vW< ««Uf lk«r»r t*< "''" p!p« »l»" yo<J Hunk piitor. wlodowi all atoant — »lv«« Here now...the 53 FORD Sf£fr... TEST ex* vz rr PHILLIPS MOTOR (OMPANY Phone 4453 Broadway i Ch!ck«awba

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