The Courier News from Blytheville, Arkansas on January 15, 1968 · Page 12
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The Courier News from Blytheville, Arkansas · Page 12

Blytheville, Arkansas
Issue Date:
Monday, January 15, 1968
Page 12
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F«g» Tmlv* •- Kythevill* (Ark.) Courier News - Monday, January M, 1W8 90th Congress Faces a Troubled Election Year By JOHN CHADWICK Associated Press Writer WASHINGTON (AP) - The 90th Congress reassembles today for an election-year session beset by problems of war, infla' tion, crime and racial unrest. The good fellowship that tra. ditionally accompanies the opening ceremonies is expected to fade quickly once the Senate and House tackle controversial issues left over from last year. Hanging over the Senate is a civil rights bill battle that may turn into a full-fledged filibuster in the opening days of the session. Little action was anticipated in advance of President Johnson's State-of-the-Union mes sage Wednesday night to a joint •fission of Congress. In his nationally televised address, the President will outline the legislation he wants passed. Anticipated is a call for measures aimed at heading off a re, newal of the racial violence that wracked many U.S. cities last summer. Johnson also li expected to appeal anew for an income tax increase, a proposal on which he suffered his biggest defeat at the 1967 session. Possible buttresses for John- con's request this year are the devaluation of the British pound, the continuing outflow of dollars and gold and climbing prices. And in an effort to strengthen the dollar and cut down an adverse balance of payments, Johnson may ask for a tax on travel abroad, tax rebates for U. S. exporters, a tax on imports and removal of the gold backing for (lie dollar. Secretary of the Treasury Henry H. Fowler plans to discuss these possible measures witli key congressional leaders early in the session. Senate Democratic Loader Mike Manfield said Sunday he feels Congress would balk at a tourist tax. + * * An income ax increase was just one of several administra' tion proposals abunted aside last year. Other major legislation unsuccessfully pushed by the President, despite heavy Democratic majorities in both Senate and House, included open housing, anticrime, gun controls, truth- in-lcnding, election reform and pipeline safety measures. How these and oilier administration bills fare this year may turn on home-front soundings taken by congressmen since they adjourned a month ago. All House members and one- third of the senators come up for re-election in November along with the President. The Vietnam war and its costs will continue to have a heavy impact on congressional action. The President reportedly will submit a record-breaking budget to Congress even though his proposed 10 per cent income surtax was blocked last year when key House members insisted on spending curbs. Administration sources have indicated the President will otter a record $190 billion budget, including a request for an additional $4 billion for defense- much of it for Vietnam. I legislation recommended by the The total budget will for the | President, it is designed to pro- first time reflect huge trustitect Negroes and civil rights funds such as Social Security' workers against racially moli- and highways as well as the j vated crimes. more familiar administrative budget. The administrative budget is expected to be up between $9 billion and $14 billion over the current fiscal year to as much as $150 billion. Chairman Wilbur D. Mills, D- Ark., of the House Ways and Means Committee, who led opposition last session to Johnson's proposed income tax boost, has said an increase of $10 billion or more in spending would not conform with his ideas of federal thrift—without which he said he'll oppose any tax hike. The committee is to open hearings on the tax proposal next Week. There have been indications the administration might be willing to swap a reduction in the size of the tax increase for uick congressional action in approving a hike. The latest came Sunday when Walter Heller, a former presidential economic adviser, suggested an income surtax of "maybe 7 to 8 per cant" might be acceptable if Congress speedily approves it. * * * Pending before (lie Senate Is a bill, called up just before adjournment last month, to provide federal criminal penalties for persons who interfere by force or threats of force with the exercise by minority groups of federally guaranteed rights. Part of broader civil rights Gold Cover Could Go During Week By JOSEPH R.COYNE Associated Press Writer WASHINGTON (AP) — A request to Congress to remove the last domestic link, between gold and the dollar—the so-called gold cover—could come this week in President Johnson's State of the Union message. Key administration officials decline to say when the request might be made but Johnson hinted lie. might move on it soon in his New Year's day announcement of a program to cut the overseas dollar drain by $3 billion tliis year. Johnson said all the nation's gold will be available to back the dollar. The only way this can happen is to remove the gold cover—the requirement that each $1 in federal reserve notes, the only paper money now circulated, must be backed by 25 cents in gold. Chairman William McChesney Martin Jr. of the Federal Reserve Board last year urged quick removal of the gold cover to serve notice the nation is willing to use its last ounce of gold to defend the dollar. Administration Officials agreed with Martin's basic reasoning but not on the timing. Johnson is expected in his State of the Union message Wednesday to review the new balance - of-payments program which includes investment, control and a possible tourism tax on Americans traveling abroad. Removing the gold cover would reinforce the program although in itself would have no effect on the flow of dollars abroad. Another possible hint on administration thinking came Sunday .from Walter Heller, former chairman of the Council of Economic Advisers. He called for removing the gold cover and for abandoning gold as a world money metal. Heller was interviewed on NBC's "Meet the Press" radio- television program. Only Belgium, Switzerland British Ready Economic Program By ARTHUR L. GAVSHON Associated Press Writer LONDON (AP) - The British Cabinet put the final touches today to its sweeping economic retrenchment program, with one prospective casualty the contract to buy a billion dollars worth of American Fill bombers. A provisional decision to dro] the order for 50 Fills was up for final Cabinet approval .De fense Secretary Denis Healey was battling to save the con tract, and colleagues said he still had a fighting chance to get up to 35 or 40 of the big swing' wing planes if he could offer the Cabinet comparable savings elsewhere in the defense budget The British were told last week they could t«ke 10 years to pay for the Fills and would be given American orders for British arms to earn dollars to offset their foreign exchange costs. The Cabinet was also expected to approve withdrawal of British forces from Malaysia and Singapore in Southeast Asia, »',id Bahrain and Sharjeah in the Persian Gulf by 1971, four years ahead of the schedule announced last July. Prime Minister Lee Kuan Yet Minister Harold Wilson Sunday to urge a slowdown of the withdrawal timetable, and other British allies have voiced alarm over the headlong course of budget cutting Britian is following. Both President Johnson and Secretary of Stale Dean Rusk also were said to be dismayed at Britain's resolve to pull out of the Persian Gulf at a time of Soviet naval buildup in the Middle East. But there was no indication this attitude from Britain' allies would modify the Labor government's course. The retreat into a "Fortress Britain" posture allows for the preservation of such outposts as the Rhine Army in West Germany and bases on Cyprus nnd in Hong Kong. But Britain now plans to ask West Germany to coyer the local costs for the Rhine Army or it may be withdrawn. Besides trimming defense costs, Wilson's government is courting public disaffection with a program of wholesale domes- ic retrenchment aimed at mak- ng the devalued pound a success. Cuts will affect education, road building, and social serv- ces, including a renewal of charges for medicine now handed out free under the state and South Africa among major nations now have any type of gold cover on currency. Even France, where the love for gold is unquestioned, requires no gold backing for domestic money- The U.S. gold cover now ties up about $10.5 billion worth of the metal. The Federal Reserve Board said its latest figures show the nation's money gold stock early this month totaled 27.3 per cent of the $42 billion in federal reserve notes in circulation. This left about $1.5 billion— (he gold stock is now roughly $1? billion—for sales to foreign governments demanding gold for dollars and to supply the London market. The United States provides 5 per cent of the gold sold in Loi don and part of a seven-natio pool which also includes th United Kingdam, Belgium, th Netherlands, West Germany Switzerland and Italy. The only bars to removing th gold cover are political and psy chological. Until IMS, the cover was 4(1 per cent on currency and 35 pe: cent on bank reserves. It was dropped in that year to 25 per cent on both. In 1965, the cover on bank re serves was eliminated and some members of Congress wonderec at that time why the entire gol( backing wasn't dropped. The real strength behind the dollar Is the nation's economy and not the gold supply. COMMERCIAL BUFFERS For Rent - Also Scrub Brushes, Cleaners And Waxes, at Eubanks Flooring Ph. PO 3-6092 (it Singapore ni* Prime'beaHo service. BLYTHEVILLE Business College Farmers Bank Bid?. 400 W. Main Ph. 1>O 3-74% or FO 3-1068 F. O. Box SOS Day or Nit* Classes NEW CLASSES BEGIN JAN. 22 SUBJECTS OFEREDt Typing, Shorthand, Accounting, Office Machine* Free Job Placement Approved For Veterans The House passed a similar bill last August, but in the Senate Judiciary Committee the measure won out by only an 8-7 vote over a rival bill sponsored by Sen. Sam J. Ervin, Jr., D- N.C. Ervjn's bill, wliich includes Republican Leader Everett M. Dirksen among its supporters, would provide similar protection against violence for all citizens rather than just for minorities. The outlook is for a prolonged Senate scrap and possibly a filibuster. Mike Mansfield said he hoped the Senate could place an administration bill to provide federal funds for the improvement of local and state police forces high on its agenda. Johnson has put increasing stress on this so-called safe streets and crime control bill. It bogged down in controversy in the Senate Judiciary Committee during the last session. Opponents contend it is inadequate to cope with soaring crime rates. A Judiciary subcommittee broadened it to permit police wiretapping under court orders and to undo Supreme Court restrictions on police questioning of criminal sus- pects. The House is not expected to start working on legislation until next week. The first measure it takes up may be a bill making interference with the movement of troops or military equipment a federal offense. The bill, by the House Committee on Un-American Activities, is aimed at actions of anti- Vietnam war demonstrations. An internal problem that both Senate and House may deal with this year-and a potential source of friction-involves proposed standards of conduct f«r members. . .. • The Senate ethics committe* has announced it has nearly completed work on a code. A House committee also hopes to have its recommendations ready early in the session. A central issue will be whether to require members to make public disclosure of their outside financial interests. FRESH! SAVE ON THESE FINE MEATS Ground Beef Safeway Quality Ground Beef Save We Lb.! Low, Low Priced at Safeway! 49 Lb. Quarter Icins 65c Pork Chops Choice Rib Chops,. Save On This at' Lb. 89' SAFEWAY Soup Frozen • names Margate Bel-air, Save' $! 5-0*. Coldbrook Solid Pack. Low Priced! Mb. sflAAMCAP White Magic, ' ]4-Oz. 1 f|C VlCuili^l Save On This at Tin 10 15' 10 Fresh Rdis Skylark Brown 'and Serve Rolls U-Ct. $ Pkgs. 1 D.-, .1 Mrs. Wright's J 1-Lh., DlGOU White or Wheat ...... 4 Loav ., 2-Oz. Orange Juice x±E Fn US $1 Sweet Potatoes 2 25 C New, Fresh Crop . . . Priced For You to Save At Safeway! • Orange Juice *% & 39c • Red Potatoes £Ue .*£ 89c NOTICE: BONUS BINGO ENDS JAN. 20 Bonus Bingo. Program #214 Ends This Saturday Night, January 20th. All Winning Prize Slips Must be Presented by Close of Business. Sat., Jan. 27 to be eligible for Prizes. JOIN THE THOUSANDS OF WINNERS . STILL TIME TO PLAY AND WIN!!! Detergent LOW PRICES EVERY DAY Quaker Oats Detergent Baby Cereal Fyne Pyne Oil Cake Mix ivory Soap SJ Liquid Starch SJSS?"?. Lux, Liquid, for Dishes . l-Lb., 2-Oz. .. Pkg. 12-0*. BH. Sid 2^39" 12 39 c Tide, With tOc Off Label With $5 Or More Additional Purchases, Excluding Beer and Tobaccos. Limit 1 Please. 3-Lb. 1-Oz. 49 ^ncan Nines. 1-U>., 2'/2-0*. Ail Flavors ......... Pkg. "£',*. ... . Saee On these Cleaning Favorites . . . White Magic K3* •£.£"'^ 39c 57c 9Ce Ivory Liquid <»«•' **• r/«« Detergent 8c Off .. £27' Cleanser Comet frozen. 9-Oz. Save On These at Pkf. Prices Effective Through Wednesday at Your Safeway Store. fO< • 7 AM Purpose ... Quuttty Right* Pt., 6-0*. .... BH. .2.'»33e SAFEWAY ^ As you shop from the huge array of fine qual- ^ ity meats at Safeway, you can create menus for days ahead. And our low prices help make the rriehus fit your budget. Best.of all is the guarantee of satisfaction. You must be pleased, or money back! SAVE GOLD BOND STAMPS EVERY DAY! SAFEWATS Y©UR BEST PLACE TO SAVE aianr tuam,

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