Independent from Long Beach, California on February 4, 1960 · Page 56
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Independent from Long Beach, California · Page 56

Long Beach, California
Issue Date:
Thursday, February 4, 1960
Page 56
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Ike Budget Plan Might Ease Loans on Homes By EDWARD COWAN WA S H I N G TON (UPI)-The budget President Eisenhower sent Congress proposed a revenue surplus that may make it 'easier and cheaper for home buyers to Ret loans. The President's spending plan for fiscal 1961, which starts next July 1, envisioned Rn excess of revenue over spending of $4,200.000,000. Eisenhower said all of this sum should be used to pay off an equaj amount of the national debt. · Reducing the debt invariably cases money market conditions, putting downward Reds Seek New Control of Kerala TRIVANDRUM, India UPI-The Communists will try next week to regain control of Kerala, the I n d i a n state where they were thrown out! of office last summer. I Monday's elections offer a critical test for India's domestic brand of communism. The Reds form the largest opposition party in the national' government and in several of the J3 states. India's harder dispute with Red China has, created hostility toward Com-j munists in other parts of India, but seems an unimpor- t a n t factor here. Even so, Communist leaders are not optimistic about winning the election, which is for 126 seats in the Assembly (State Legislature). IN 1957 THEY took control with 4\ per cent of the vote, including votes for. C o m m u n i s t - s u p p o r t e d independents. They took command because other parties were disunited. These major parties got together last summer and brought an end to Red rule. They have stayed together for this campaign, j But the Communists say- Vhe other parties will start fighting among themselves if they win another election.' "Vote Communist for a sta : : hie government" is painted on walls. The major parly alliance includes Prime Minister Nehru's Congress party, the Praja (People's) Socialist party and (he Moslem League. Their failure to agree before election on the composition of a new Government leaves room f n r f u t u r e d i f f i c u l t y among t h e keenly ambitious politicians. Unstable and therefore ineffective g o v e r n m e n t h a s been t h e history of Kerala. The energies of Congress and Socialist politicians were absorbed in staying in office rather than in tackling problems. pressure on interest rates and making it easier for borrowers to get credit. * * * · * · DEBT LIQUIDATION chan nels tax revenue -- collected from all of us--into the hands of bond holders. (When they first loaned money to the government it probably was widely disbursed in federal spending.) Since idle money earns nothing, lenders will look about for new invest merit outlets. One such outlet is home loans. Officials pointed out, however, that the economic effects of the surplus are not ikely to be felt until much ater this year. Various factors could trim the surplus 'ar below the projected level. The only other bright spot irt the new budget for home gross was to let the GI direct buyers was a proposal to let Ihe Federal Housing Admin istration expand its staff 25, 1960. The House veterans when necessary to keep up committee voted last year to with a heavy volume of ap- ONE EISENHOWER hous- ng proposal that seemed and guaranteed loan program expire as scheduled on July extend the program. Millions plications for' FHA mortgage of World War II servicemen still have not exercised their rights to get a direct or guaranteed home loan. In an election year especially, Congress" likely to be ignored by Con-lis not l i k e l y to let these rights expire. The scheduled end of the program would affect only World War II veterans, but not Korean servicemen. Eisenhower also said Congress should not replenish funds for diiect college housing loans. He proposed a new program of guarantees and grants for . construction of college facilities of various P 5 Z 4 -- P I 2 Z S INDEPENDENT-PRESS TELEOHAM LBI* Iticn, C«IH., Thurs.f Ftb. A, 1940 kinds. PUBLIC H O U S I N G and slum clearance p r o g r a m s should be continued present authorizations without expansion, the President said. He estimated this would mean public housing subsidy payments to local authorities of $133,066,000 in the current fiscal year and $150,848,000 in 1961, and slum clearance c o m m i tments $386,000,000 this year and $300,000,000 next year. ; By June 30, 1961, some 497,000 federally-aided low- under rent housing units will have been completed, the Presi-i dent forecast. He laid emphasis on speeding up completion of urban renewal projects under way and allocating public housing funds "to projects which will be constructed in the near of future.' Historic Mansion Must Be Removed ST. LOUIS (ff--An historic old house, once the home of the son of Gen. William Clark of the Lewis and Clark expedition, is another victim of overcrowding. The mansion, called "Minoma," is tn be torn down to make room for a housing development. A tower nn Ihn old mansion was used as a lookout post for Indians. Jefferson Clark, son of Gen. Clark, lived for many years in the mansion. and good as all outdoors! Ideal for basting Beef · Pork · Chicken HEINZ BARBECUE SAUCE Q ·:·'! ane APPLE Car-fancy SAVE 45c BARTLETT-HALVES . . . SAVE 76e. TOMATO . . . SAVE 35c CUT GREEN . . . SAVE 2-f« ' EAN COUNTY FAIR No. 2'/i Cam CAMPBELL'S JO'i-oi. Cons COUNTY FAIR I6-oz. Cam Dole Juice Nowaiian-PINEAPPLC SAVE 24c 4 =100 CANS · ORANGE JUKE M« SUNSHINE STATE Frozen SAVE I4c HUNT'S Tomato Sauce 00 HUNT'S Tall IS'/i-oz, Cam DOLE SLICED from } , / l f l l Hawaii Can r s-f 25= CLING COUNTY FAIR Halvoj No. or 2'' Slices Canj o v ~ vi "^^ ^ TM~ Detergent , ^ UBBY'S CN cafe-, "·«· $ Con *" "Whiter Golden-Delicious WASHINGTON FANCY Crispy fresh ... Bursting With Sweet Flavarl Fine for School Lunches, Salads or Sauce WINTER VARIETY-;.-*,, ] u \ C f VOTE 1 \ Nte'ife" Pears z% 2 W ^^ H M · / JOMO C«EJN HEADS , JB Green Cabbage - 4 3 THICK YIUOW HUIEO Young Tender lamb... Graded U.S.D.A. Choico ... Try Some Tempting Menu Adventures Using Sev er Von's Thrifty Choice Lomb Bone Blacftt or lib Banana Squash MEUOW fLAVOK COUNTY FAIR Tomatoes 6 1 Hand Peeled NO. 2V, CANS WESTWOOD Ice Cream /ssorfed flavors '/j GAL. CTN, BLUE BONNET Margarine Spreads Smooth I LB. CTN, EVERFRESH VEGETABLES 00 GOURMETS FAVORITE A Small Loin Lamb Chops LARGE LOIN SHOUIDER CUT ^ Cb Round Bone j Lamb Chops RIB EYE Cyjfom Trimmed T0nc/ir r C From f/i» ,, Hsarl O' ID 7fi. R,i RIB CHOPS (J Regular Cut ,. lean Ib N'Tattv PICNIC ROASTS fRFSH CAS71RN CORN ffO PORK ROASTS BUTT ^IfC Hb HAUBUT H!iH CAUCHT BARRACUDA ----^^n-Roasting Chickens j 49? U.S.D.A. GRADE A Young, Tender 4-6 IB. L^ .^-Rushed Fresh AVG. "W M Ib ! 43f b . s,, t .,47 Ib. BEEF BURGERS »WIFI'!-f,,,. n 7.0I., n . »· o( U .. 51.19 fA. IOC RATH CHOPPE1 ,'ES H07(M l-Or/io, F.rv .1 i,.r it. 49c Swiff's Bacon 37! IN THE PIECE WHOLE Eastern Sugar OR Cured HALF Green Peas, Chopped Spinach, French Fries Pea: Carrots, Cut Broccoli Crinkle Cut Potatoes or Cut Corn YOU PICK 'EM 9 OZ. PKGS. LUER "All Meat" [-Ciraon Siyl. ~ All MEAT Bologna POLSKI-Wiuoniin Sauerkraut VON S-Vitnnin Packed Health Salad i #''** 5IICED Quart Jar Pin! Cln. YOUR BLUE CHIP HEADQUARTERS PRICES EFFECTIVE T/turj., Fri., Sat., Sun., Feb. 4, 5, 6, 7 Sales Tax Added o Toxob/es~limif #gfifi Rsservfid 4480 Atlantic Ave.--Long Beach 4200 N. Woodruff Av*.--Lakewood

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