Independent from Long Beach, California on February 14, 1958 · Page 7
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Independent from Long Beach, California · Page 7

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Long Beach, California
Issue Date:
Friday, February 14, 1958
Page:
Page 7
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Demos Plan But Talbotj: said, there is nothing wrong with : the country's basic economy, that it merely ..wasvlgojng;:tTirbun- ,--. adjustment period. He predicted an improvement along about "····' WASHINGTON .CS--Demo- ·icratic' leaders in Congress went 4o work on a 10-point. antire- cession program Thursday and ·also planned to review the possibilities of a tax cut this year. '· Sen. Johnson.of Texas, the ' 'party's chief in the Senate, has ·asked the chairmen oE six. key Committees there to come up "quickly .with legislative -pro.- 'posals aimed at-relaxing credit, multiplying public works .projects and generally creating 'more jobs. ! 'House Speaker Rayburn (D- ; Tex) disclosed the plan to have -another look at the tax structure in the light of Tuesday's ·'report that almost 4% million 'Americans are"unemployed, . · » » * * · ; KAYBUKS TOLD a news -conference the Democratic /leaders would "review the situation and see where a tax cut, ·if there.is one, will do the most ·goodi - and ..determine, -whether ;the.budget will stand it;".:',.' ; One antirecession measure 'advocated'tyiJohnson is.-a Post Office-construction bill. President' ISisenhower proposed a itwo - billion - dollar modernization .program, for -the postal ;service earlier in the. week; It ·would; .be., financed mostly .by '·private capital, -with the i government contributing 175' imil- 4ion a year for three to five .years if "Congress approves a 5- cent rate for intercity first- class mail. Sen. McNamara (D-Mich) attacked the Eisenhower plan I Thursday as "a crude attempt ·to blackmail Congress." "This so-called public works ·program .'··. . h a s the outward appearance''of a forthright administration step to combat the recession but it is loaded with booby traps," McNamara said in a statement.. ·* * ·* * "THIS: MIRAGE-of a public works;program'is divided into two parts. ; ;Part' one commits .the government to spend the princely , sum : of IT'S,, million ·dollars a year.,.-;-' t -.'"Giving this ."modernization '.program..an antirecession col- .oration is; simply .a crude efr fort to blackmail' the Congress into raising postal' rates on first-class mail." · . '. The second part of the pro'.gram, involving' private capitalization, "is grossly inadequate to fight the recession," .McNamara ' continued. '" ."The .Summerfield.-White House method 'is simply politi- · cal trickery," he said. Post- .master General Summerfield, a 'Michigan Republican; preseht- 'ed the plan to the Senate'Post : Off ice Committee-.Wednesday. Sen. O'Mahoney, iD-Wyb) joined the attack in-'the Senate later. He- said the President's program was not a two-billion- dollar program at all. Instead, he contended, it's-a 175-million.'dollar program based wholly _oh the willingness of Congress to increase the. postal rate, ^ * » * * · O'MAHONEY also criticized Eisenhower's optimistic state- ment Wednesday on steps being taken -to combat' the -recession. "It .is"important,"- O'Mahoney said,''"for the, people to .know they are being deceived." He said the -president himself' is being fooled-; by aides. "Did you'notice, what Wall Street did?'"- Sen.- Spartariari (D-Ala) 'interjected. "They apparentijrisaw' 1 through it." June. . , ' AN" MPBOYEMENI in non- farm-housing starts .was re- Department Total of nonfarm starts, for January was up to 69,000 or 11 per cent above December's 62,000 and well above the 63,000 of January S7- · ···:'.' '·;· ."c^!'~- ; ·'':; '··· 'V~ . Xri : Connecticut, GovT Abraham' "A.. Ribicoff. said 1 he will Rcui»hoUter Sola and Chair 'The stock market declined for "'vine', -sixth straight day Wednesday. . , . Philip M. .Talbott,' president of the'ui-S.- Chamber-of Commerce, ,told:'."reporters in.New, York Thursday he felt -'that Eisenhowers -'.prediction -'ot/an 'e'cpnorhic'cupturn next .month possibly ! .'·was' "'a' little" .over- exurberant-as : to timiriE'.'.'~:. : V : ' A. OO j?'ttJii±jve5unieiLu in' your, home.- x ^------_--···.--;. tor.-willVJBring hundreds=.;of new-fabrics, tot ; . ·; choose from. All workmanship and maten- 'als unconditionally ; guaranteed. .-Liberal., terms. 24 months to pay. Pjdt;pp',and . ae-v livery'anywhere in-Los Angeles or: Orange.; : . v . County Be sure and ask about-our special _ buy/in; wall-to-wall carpeting. . · · ' · Per Month Long Beach Upholstery 3434 Atifuitic Ave;--Phone iGA. 7-86D6--GE 3-S298 Evei. call a special session of the General" Assembly for. March 4' to' deal with the state's unemployment "/situation.-'. Connecticut's 'unemployed " totals nearly. 89,000, niore.'£han 8'per -INDEPENDENT--Page A-7 Long. Ktth, Collf.. IrL, F.b. 14, 1MI Traverse Drapes r; Custom draperies made and. measured to . 5 fit your windows. AU drapes fan-folded, 5 weighted and double hemmed. Finest work- ... I manship.' Unconditional, guar. Our decora- , ( tor; will'call-at,'your-home with hundreds ,, I of samples. to"select'"'from; ; No ; :ibligationy , . ! for free' estimate. tCredit terms, ''24-months?.-; i - t o pay. We. go to Orange! County-'-at ; no "extra 1 --charge. .Be sure; and--ask,about.pur,,· 'special-.buy,in wall-to-wall..carpeting^. ·,. -^ Long Beach Upholstery . s 34S'4i Atlantic. Ave.77-Pihone.GA 7-.86B64rGE -'S-3Z98 Eves.; ] cent of the working : force,,"jnie national average is 5.8 pe£ cent of'the'working force. GUITARS Easy Terms forking TIcMi Valltfaftif Whittaker Musk Co. 242 E. Third St. HE 6-2958 Petrpleiim Guts Crude Production LOS ANGELES--W)-- The General Petroleum Corp. announced Thursday that it is reducing 1 its production of crude oil in. California by 10 per cent because of reduced! demand. P. 'S. Magruder, executive vice president, said the company is shutting down its Cali- .fornia production By 6,000'bar- Tels a day. : The company also .is reducing its Canada imports by 6,100 barrels a day .to a level of 17,500 barrels, he said. Body's Supply Food on 'Arthritis' Show Hody's Restaurant chain will ·donate food- for the 600 entertainers who are contributing their t a l e n t s to the "Stop Arthritis" telethon this Sunday. Preview DOLL HOUSE ESTATES "Designed and Ftiiit for fn« Matt Beautiful Dollj in tht World" Completely new and dif- I ferent, l u x u r y features. ' throughout. 3 bedrooms, ' 2 full baths. F.H.A, 30-YEAR LOANS .ONLY DOWN Plul . Costs Otang»wooa Avg.. Just «a»t of Hwy. 39 (rear oi Raisin Matktt parking. area) Op«n 10 A.M. to 8 PM. Daily, A D«v»!opm«nf ly HENRY C. COX · Phon» TWinoaki 3-8162 HERE TODAY! "%' · . " · ' ', - - . · · ' . / . · . - · , · · . · · _ · The New Instant Maxwell SNIFF THE.NEW FRESH-ROA^TElp: jar! One sniff tells you this-coffeeV'goinVto"taste IJette thai any youVe' ever knowti..Here's exciting new aroma no, coffee ever captured before! SEE THE NEW DEEPER COLfiS! ***?****'***?·£ '· "" Iiistant MaxweH House has.new.body;';aew^^ strength! No powdered coffee r " no ground ; coffee'can give you'sudi deep-down pleasure in every cup. : , Only those miracle ENJOY THAT MOST HAPPY FLAVOR! "Flavor Buds" can deHverenjoymentliketr^-iruffionsoftmy/Tlavor real- coffee, ready to burst instantly into that famous .Maxwell House flavor! THE MOST HAPPY FLAVOR IN THE UA : ; - "fOR COFFEE THAI'S 1 GOOD T.O THE VERY LAST DROP (ft REACH FOR THE JAR WITH THE STARS ON,TOPI

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