The Courier News from Blytheville, Arkansas on September 15, 1955 · Page 2
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The Courier News from Blytheville, Arkansas · Page 2

Blytheville, Arkansas
Issue Date:
Thursday, September 15, 1955
Page 2
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BLYTHETTLLE (ARK.)' COURIER NEW! THURSDAY, SEPTEMBER II, t»W Ike to Give Tax Cut Proposal Thorough Study | Scyfl He'll Examine Fiscal Situation ••fort Deciding By MARVIN L. ARROWSMITH '• DENVER (ft —President Eisenhower's vacation headquarters *ays he plans to survey the fiscal I situation early next year before I deciding whether to call for A tax cut. I The President's decision won't be made. Asst Press Secretary Murray Snyder said Tuesday night "until he sees what the state of federal revenue is at the normal • time for proposing a tax program to Congress." The normal time for that is early January. Snyder made his statement after \ newsmen told him some members of Congress were predicting flatly that Eisenhower would call for a tax reduction. Rep. Mason (R-Illt • was mentioned specif icr.lly a? having made such a forecast. Statements Unauthorized ''No one has been authorized to say what the President's tax recommendations will be next year,' Snyder replied. And that, he added, "applies not only to the question of tax reduc- * tions but to any tax program." ] Snyder's statement did not ' change the developing possibility, that Eisenhower will be in a position to call in January for a tax ; cut. It simply underscored the "lei's wait and see" position which : the President has taken all along ; The prospect of a reduction in '• taxes was held out last month by Secretary of the Treasury Hum- \ phrey when he said it looked then as though the federal budget defi- ; cit for the fiscal year ending next i June 30 probably would be 51,700,-000.000, instead of $2,400,000,000 the ; earlier forecast. : Wants Balanced Budget : Eisenhower has said repeatedly that he would like to see the budget balanced before thinking about «ny further tax cut. ! Humphrey, in making his reporl last month, said that if federal; agencies could make additional j savings amounting to about 3 per ; cent — and that if the revenue' trend continued upward, "we think that we should . . balance the ', budget." And Humphrey added that if : balance is achieved he will recom-' mend B reduction of personal and corporation taxes. On the international front, the President withheld comment on th agreement between West Ger many and Russia to establish diplomatic relations. Queen Event Highlights Bean Festival By H. L. YEAGER PORTAGEVILLE — The National Soybean Festival holding forth; here Sept. 20-24 will cro\vn Miss '• Missouri on Friday night as a cli-' max in a five-day celebration. ! Entries are now past the half-; way mark in the goal of 50 con-! iestants which the committee has' set for the 1955 contest, according: to R. V. Burton, chairman of festl- [ val committees. ! Miss Missouri will be eligible to: compete in the Miss Universe con-1 test at Long Beach, Calif., in July, [ 1956. '• She will receive a 4100 award and ; an all expense paid trip to Long Beach, The sponsor will receive *5G. Second and third place winners will receive $50 and $25 respectively. The Soybean Festival organization have the franchise to nominate "Miss Missouri." The candidates will be in the parade Friday night riding on floats or in convertibles Attorney General John Dalton will be among : the special guests in the reviewing stand. The judging will take place ai the high school gymnasium at 7:30 o'clock, following the parade. Thf winning contestant will be crowned queen. "Miss Missouri." by 0. S Congressman Paul Jones of Kenne;i. The queen's ball will start at 30 o'clock with music furnished by the Pappy Graves Orchestra. Face Lifting Completed PANAMA 'ft— A giant face-liftin; job on the Pp.nama. Canal has been completed. Some 2,475.000 cubic yards of rock and shale were blasted off Contractor's Hill to remove the threat of rock slides. Shipping was uninterrupted. Printing Suit Testimony Is Studied by Court LITTLE ROCK Ijfl — A suit seeking to stop the state from honoring 58 printing and stationery contracts has been taken under advisement by Special Pulask! Chan, cellor Riddick Riftel. Testimony In the case. Illed by two North Little Hock printers, was heard Tuesday. Ridel's decision will be t>ostpbned pending the filing of briefs by opposing attorneys. C. R. and W. O. James, operators of James Brothers Office Supply Co., challenged the contracts on the ground taht Secretary of. State C. Q. Hall failed U> comply with legal procedures In opening bids on the jobs. Their suit seeks to stop the state from honoring vouchers for the successful bidders. K«*4 Courier Jfcwi Cluiifled Ad*. SEE JIMMIE FIRST FOR AMERICA'S FINEST TELEVISION PRESENTS 'YOUR/WTY TODAY! 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