The Courier News from Blytheville, Arkansas on July 12, 1966 · Page 2
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The Courier News from Blytheville, Arkansas · Page 2

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Blytheville, Arkansas
Issue Date:
Tuesday, July 12, 1966
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Page 2
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ft* Two - Blythwllk (Ark) Courier Newt - Tuetdiy, July 11, UM OSCEOLA'S NEWEST ADDITION - Osce- -ola's First Methodist Church has just completed this new chapel and educational building. The construction ttmtains .three offices, a Fellowship Hall to seat 225 persons; kitchen, •14 classrooms, ladies lounge, library, choir room, and storage rooms. The church build; lngs were carpeted. The sanctuary was re- decorated. A feature of the new chape! Is a prayer room over-looking a garden which is open 24 hours a day. Rev. Paul V. Galloway, resident bishop of Arkansas will handle the consecfeation services for the new building August 7. Rev. Joseph E. Taylor is pastor. (Courier News Photo) Will Uncle Sam Ever Go Broke? (EDITOR'S NOTE - The Associated Press has just completed a survey in which average newspaper readers across the country were asked what interested or troubled them moat about the United States and the world today. A series Of typical readers' questions were selected from the poll. This article about government income and debt is one of several dealing those questions.) with '•i By JOSEPH R. WASHINGTON (AP reader asks : "Where does the government get its money? How is ;it spent? Does the growing deb't mean we can go broke?" the harried American taxpayer — from the unskilled laborer to the corporation president — is the largest single source of Uncle Sam's money. And .so long as the taxpayer ponies up, the government won't go broke. 'It all goes back to the ability to tax," one government official explains. "If the people are willing to pay taxes to pay expenses ordinance the debt, the government won't go broke." 5 * * * ;Soitte of the administration's political opponents contend the nation is already near bankruptcy because of its national debt which now exceeds $322 billion. But economists note that the debt — as a percentage of ttie nation's total wealth — has The argument is a perennial 1 which begun July 1 : actually years. decreased fa recent Today In History By THE ASSOCIATED PRESS ',Today is Tuesday, July 12th, the 193rd day of 1966. There are 172 days left in the year, today's highlight in history: -On this date in 1864, President Abraham Lincoln, within range of Confederate sharpshooters, watched advancing Southern forces on the outskirts of Washington. tOn this date: •In 1804, Alexander Hamilton, Revolutionary War leader and secretary of the Treasury, died of a bullet wound inflicted in a,; duel the day before. -In 1817, American naturalist aid author Henry Thoreau was born. :in 1919, the World War I Allies lifted their blockade of Germany. -In 1941, Britain and the Soviet Union signed a mutual assistance treaty. ;In 1943, the U.S. Navy defeated the Japanese in the second battle of Kula Gulf. yTen years ago — The Soviet Union agreed to limitations on conventional armed forces proposed by the United States, Britain and France as a first step toward world disarmament. 'Five years ago—A Commu-l nisi Czechoslovak airliner hit a pfiwer line near Casablanca in Morocco and crashed. All 72 ptvsons aboard the plane died. "'One year ago - The French atomic energy commission said It had developed a new ne- clear explosive device. one and no end is in sight. It's no secret, however, that man' agement of the national debt is now a major question, and one result of a growing debt is ever- increasing interest costs to finance it. ¥ * * The debt is nothing more than money owed by the government r- those savings bonds in your safe deposit box, for example, comprise almost $50 billion of the total debt — and interest must be paid on it. F6r the fiscal year which ended June 30, the administration expected to spend slightly more than $12 billion just for interest and President Johnson has requested Congress to appropriate $12.9 billion for the next fiscal year. The government creates more debt when it spends more money than it collects. Although it las had a debt since its found- rig, debt management wasn't a i major question until this cen- ury. But getting back to the tax- )ayer, President Johnson's judget for the fiscal year which >egins July 1 calls on John .Q D ub]ic to contribute through his ncome tax 39 cents of every dollar the government collects. * * * Corporations will pay another 24 cents and excise taxes on such things as automobiles, alcoholic beverages and gasoline will provide another 9 cents. Employment taxes — such as Social Security, railroad retirement and unemployment insurance — will add another 17 cents while the remaining 11 cents will come from such sources as customs collections, estate and gift taxes and veterans life insurance premiums. In present day America, government spending permeates almost every phase of life. Here's how President Johnson plans splitting up the government's dollar during the year Defense including the war in Viet Nam — 41 cents; trust fund payments such as Social Security and federal aid to highways — 26 cents; interest charges .— 7 cents; veterans — 4 cents; space programs — 4 cents; international affairs including fbrtign aid — 3 cents, agriculture — 2 cents and all other 13 cents. Eliminating the trust figures — where money is earmarked for a specific purpose even before It's Johnson anticipated the government would spend $112.8 billion during the next fiscal yer bul collect only $111 billion. That means a deficit of $1.8 billion which would" be provided by borrowing money and . increasing the national debt. A FAVORITE—Misha Dichter of Beverly Hills, Calif., (above) finished second in the Tchaikovsky International Piano Competition. It was won by a Russian, Gregory Sokolov. The American, however, got the greatest ovation since Van Cliburn won the first contest in 1958. No ironing needed for Permanent Press Special WASH 'N WEAR—PERMANENT PRESS cycle • MOISTURE MINDER* control and Automatic Dryness Selector • New large drum and efficient air flow means larger capacity, faster drying • Extra-large, top-mounted lint screen « "Whisper" quiet, too. 2 Water Levels Matching Dryer 139.95 HUBBARD & HOKE Furniture & Appliances HUBBARD & HOKE FURNITURE And APPLIANCES SALE! JUST ARRIVED!..... a shipment of new 1966^7 RCA WHIRLPOOL Washers and Dryers. You can find any price to fit your pocket book. Small enough for the little family wash or large enough for the largest family wash. THIS WEEK ONLY we are having a sale on all our new line of washer$_and dryers. The boss has gone to market and we won't let a trade go by. Come in this week/ July 12 thru 16 for the buy of the year. BRINGS YOU THE BIGGEST VALUE IN TOWN! WITH GIANT 18-LB. WASHING CAPACITY Washes any load from a handful to a giant 18-lb. tubful clean so you can forget the drudgery of loading and reloading the washer when an extra big wash piles up. NOW ONLY 239 95 i acceplaWi Plus all these extras... • 2. washing speeds ... for regular and delicate fabrics • 4 washing cycles ... NORMAL^ GENTLE, SUPER WASH and WASH 'N WEAR • 5 water temp selections • Infinite water level selector SUPER SOAK cycle gives extra-dirty things extra scrubbing NORMAL cycle for regulars; GENTLE fer delicate?; SURER BOAK for heavily soiled clothes • Exduaive Magic-Mix* filter "combs" lint from water • 3 w4*h-rinse water temperature selections • Exclusive SUHGILATOR" agitator washing action • Porcelain-enameled top ted lid. *!•*. This Dryer Matches Any Washer Shown On This Page. Exclusive MAGIC CLEAN* FILTER Continuously traps lint during washing and rinsing, then automatically cleans itself. You never have to touch the filter or the lint note only 229.95 Model LRA 670-0 AND Y6U GET ALL tftfiSE OTHER AIDS TO EASIER WASHDAYS, TOO... • 2 wash speeds... for regular and delicate fabrics • 4 wash pycles... NORMAL; QCNTLZ; SUPER WASH tb give extra-dirty things extra scrubbing automatically; WASH 'N WEAR to give Permanent Press garments spe- ciil care* 5 wash-rinse water terhpertture selections • 2 water level selections • Exclusive SUROD.ATOR* agitator washing action with icupllbll tt.d. ... and to prove its reliability, we back it with a 2-YEAft PARTS WARRANTY ... to tn* oriiinil nuil pwcniwt of Hi K* MflKMOL Ituwry ippliihce provide thai, free ef chirp, It will rtptlr a fix two jHrt illt/ purchaw, tny Whirlpool-ipprwidwF5P* prt, tn«pt li|hl bulbJ. |nd, for fivt ywti ifttr porthisi, iny wch Mrt compiling tni pu use of in lutewlie miner. Any inch purl mutt M fiund to bt dtTktirt In nulirial or wttkmintMp «i»> return to'Wiiilpool by in tp>ov«l sirviu or«nlati». Tht telling dwltr or his distributor will grange (or fr« service for one ytir iflw parchjM. Wirnnty wliJtd it ipplitMt fc olhw Hun normal ttoutthotd tn*. WASHDAY CONVENIENCE 1-Year Labor Warranty FREE PARKING AT REAR OF STORE Phone PO 3-3450 3-CYCLE AUTOMATIC WASHER • 3 cycles . . . NORMAL for regular fabrics; CENTLE for delicates; SUPER WASH to give extra-dirty clothes extra scrubbing automatically • Exclusive Magic-Mix filter for prtcticilly lint-free washes • 3 wash-rinse water temperature selections to wash all fabrics • Exclusive SUROILATOR agitator washing action washes clean gently yet thoroughly HURRY IN TODAY! 209 with mu Inift •u mtam. MHW. « KM TMMitt 9 M KA ml X ««*!.< . t««. HI «,. u C«p«lM « I HUBBARD & HOKE FURNITURE & APPLIANCES

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