MONDAY, JANUARY 1«, 1956 BLYTHEVILLE (ARK.) COURIER NEWS PAGE SEVEN Congress Gets Ikes Balanced Budgets (Continued from Page 1) wag*. and other cost increases he said 'might make for an era of "profitless prosperity" as far as businesses are concerned. His estimate for the coming fis. cal year forecast an increase of about V/i billion dollars in individual tax returns. But his estimate for corporation tax returns was unchanged. Corporation profits have been climbing rapidly. This appeared to leave, considerable room for im< provemeni of revenue estimates. Eisenhower earmarked 903 million dollars, or almost two-thirds of the Increased spending he proposed, for national security programs. lie said most _Q/ this I; would be used for the latest weap' tins, including guided missiles, which could be brought to bear on an enemy.' He laid new stress on continental defense through a radar fence to catch any attack on the wing, provided for » nuclear-powered Navy cruiser and a sixth giant Forrestal class aircraft carrier. He spotlighted the administration's soil bank plan for cutting down surplus agricultural produc- Commodity And Stock Markets- New York Cotton (1Z:M q»Uti«ul Mar 3456 3463 3458 3460 May 3406 3425 3404 3418 July... 329J 3310 3287 3303 Oct 3094 3110 3087 3102 N«w Orleans Cotton Mar 3457 3465 3457 3465 May 3406 3424 3403 3417 July ........ 3295 3307 3287 3302 Oct 3089 3100 3086 3004 Chicago Wheat Mar .... 211% 211% 210 Vt 210VJ May .... 209)', 309J4 207ft 207% Chicago Corn Mar .... 129% 129V» 129V4 129'/4 Chicago Soybeans Jsvn .... 243% 243% 243% 243 Mar .... 246% 246% 245>/4 245y< May .... 249ft 249% 248 248W July .... 248y 4 249J4 2471/, 248 New York Stocks A T and T 181 Amer Tobacco .,. 81 1-4 Anaconda Copper ....> 69 3-8 Beth Steel' 157 3-4 Chrysler 80 3-4 Coca-Cola 128 Gen Electric 55 Gen Motors 43 1-2 Montgomery Ward 90 1-2 NY Central 431-8 Int Harvester 37 1-4 Republic Steel 46 3. Radio 44 5-8 Socony Vacuum 62 Studebaker 4 10 Standard of N J 149 7-! Texas Corp 124 1-2 Senrs . 34 1-4 TJ S Steel 54 3-4 NOTICE OF SALE OF SCHOOL BONDS Leachville School District No. 40 of Mississippi County, Arkansas, hereby gives notice that it will sell to the highest bidder for cash its proposed issue of $36,500 in 2.99% refunding and construction school bonds dated February 1, 1956, interest payable semi-annually, snd maturing serially on February 1 of each year as follows: $1000 in 1957 1500 in 1958 to 1684, Inclusive 2000 in 1965 to 1974, inclusive 2500 in 1815 and 1976 These bonds will be payable in the first instance from the proceeds of » five mill building fund tax voted by the electors of the district, which will constitute a continuing annual levy until the principal and interest of the bonds are paid.in full. The bonds will be further secured by a pledge of all other revenue that the district can legally pledge. The buyer may name the place of payment and trustee, and may have the right to convert the bonds to a lower rate of interest,. substantially In accord with the Universal Bond Values .Tables and subject to the approval of the Commissioner of Education. The buver will be expected to pay the following expenses of 'the issue: the printing and trusteeing of the bonds and the fee of Townsend It Townsend, Attorneys, Little Rock, upon whose approving opinion the bonds will be issued. The bonds will be callable for payment prior to maturity in inverse numerical order at par and accrued Interest, as follows: From surplus in the building fund, on any Interest paying date; from funds from any source, on any Interest paying date on and after February 1, 1961. The sale wlll.be held upon auction bids at 11:00 o'clock A. M. on the 6th day of February, 19M, in the office of the Superintendent oi Schools In Leachville, Arkansas. Bach bidder 'will be required to .file a certified check in the sum of $730, payable to the District, us liquidated damages if he Is the successful bidder and lulls to complete the purchase. Other checks will be returned promptly. The District reserves the right to reject nnv and ml bids. For further In: formation *ddr*M UM uodtnlgiMd r-'lVEN thli — d»y of January, KM. , "i ,- Le?.ctivllle School DUttlet Hp, 40 of Mississippi .County. Arkinui, By. NORMAN BAILEY, , " Prenldtnt, And LO'JM WEINBBIW, . Mercury. 1/U-M-fe, tion, getting rid or present surplus crops owned- by. the government and abetting conservation as a major home front program. $400 Million He said the soil bank plan would cost 400 million dollars the first year. But he forecast a drop of 12 million dollars in over-all agriculture spending, due to a decline of 485 million dollars in crop price support costs. In part, this was attributable to a forecast that the government would realize much more from disposal of its surpluses. ' • Elsenhower proposed to spend 150 million, dollars next year to help the states build new schools. He called for a quick start on his 10-year program to build 40,000 miles of nignwnyj, but moignea only a 54-million-dollar increase to highway building. That seemed to indicate he contemplated that' the cost of any expanded roads program would be met by higher taxes. He asked for 58 million dollars to expand the State Department's diplomatic and consular services, and increase U. S. Information Service work abroad. New foreign aid appropriations amounting to $4,860,000,000 were asked in orde; to refill the pipeline of foreign aid funds with which to contract for.items to be delivered months or years hence. The budget. proposed an 88-rb.il- lion-dollar increase in spending on veterans services, to a total of $4,879,000,000. Any major revisions of veterans services or benefits should await the report of a special commission due late this year, Eisenhower said. Hike Postal Charges Eisenhower asked Congress to increase postal charges by enough to bring in 350 million dollars additional money In fiscal 1957, but he did not specify what increases he had in mind. His budget counted this 350 million dollars as a decline in'government costs. If Congress should not increase postal fees as requested, most of the projected 435-millIon-dollar surplus for the year would vanish. The farmer would benefit from the one small tax cut — a proposal to refund to farmers the two- cent federal tax on gasoline used In farm operations. This, he said, wculd cost the government an estimated 60 million dollars next year. He proposed to increase spending on atomic energy development — including peaceful applications — by 230 million dollars, to a record of nearly two billion. He renewed his plea to Congress to authorize a nuclear powered vessel to tour the world as an "atoms for peace" exhibit. He said Secretary of Welfare Folsom is working out a plan under which insurance companies would pool risfcs to "extend and improve" health insurance for the public. If this is not successful, he said, federal underwriting of health insurance should be reconsidered. Eisenhower asked for money to start work on three steam electric Uie Te; , Valley Authority grid, "so that work may begin promptly." This by-passed, and perhaps dropped, -his earlier proposal to finance such projects by sale of revenue bonds, in favor of a return to direct federal financing. Speaking of international affairs, Eisenhower reiterated that this country seeks a just and durable peace, and he voiced regret "that the Soviet leaders have not as yet given any tangible evidence of an intention to agree upon a plan of disarmament that can be verified by adequate inspection." Ontil they do so, he said, "we must follow the course reflected in this budget of steadily strengthening the defense of the United States and its allies." Accidents Reported Three minor traffic accidents were reported by city police over the weekend. Saturday hear the public library on Main, a car belonging to Delores Harris was struck by one driven by Rae Scott. The Harris car was parked at the time. Slight damage resulted. At 5th and Walnut, » half-ton truck driven by Neal McCormick collided with a car driven by John Lee Wright. Small damage was reported'. Sunday at the Razorback parking lot cars driven by David Layne Gil- bert'and Bud Haines collided. Gilbert was backing out, of a. parking space-when hit. • The Most Expensive Suit ... Looks Only As ' Good As Its Last Cleaning Job! When You Think Enough of Your Clothes to Want THE VERY BEST- STAYBRIGHT! STAYBRIGHT is Hudson's exclusive cleaning formula that revives the look of newness in your fine clothing actually restores the original lustrous color and adds months to the wear of your garments. • Better Cleaning •The Hudson Finish • 8 Hour Service (For The Asking) HUDSON Clconei - Clothier - Tailor llyfn«vilU, Ark. State, Mo. Obituary M.F. Day's . Brother Dies J. A. Day, brother of M. F. Day, of Blytheville, died at his home in Leachville Saturday night. He was about 61 years of age. Services have been scheduled in Leachville 'tomorrow at 2 p.m. Mr. Day is survived by his wife and three children. Nannie Wilson Dies; Services At Clear Lake Mrs. Nannie L. Wilson ol near Clear Lake, pioneer resident, of the Blythevie area, died yesterday in Baptist Hospital in Memphis. She was 62. Born in Ripley, Term., Mrs. Wilson came to the Blythevilte area with her family as an Infant and had lived In and, around Blytheville all of her life. Date of funeral services has not ben set pending arrival of relatives but rites will be held in Clear Lake Baptist Church with the Rev. Harold Ray officiating assisted by Dr. C. Frank Pitts. Burial will be in Elmwood Cemetery with Cobb Funeral Home in charge, She is survived by her husband; Ernest V; Wilson; six sons, Stanley, Herbert, Victor and Douglas Wilson of Blytheville, Burl Wilson of Campbell, Mo., arid Ezell Wilson vrfth the Ajmy in Korea; four daughters, Mrs. Cecil Bunn, Mrs. Elsia Vowell, Miss Velner Wilson and Miss" Carolyn Wlbon,. all ot Blytheville; t*o brothers, Herman Baptist School Underway Here A Bible institute for all M.B. bap- tist ministers is underway here this week. Directing was Dr. Clyde Hart, religious leader and educator of the Southern' Baptist Convention. Assisting were Dr. M. W. Williams and Gwendolyn Luster. Teachers included W. H. Cools, minister of Trinity M. B. Church, and O. L. Williams, pastor in Osceola. School Is being held at True Light M. B. Church. Lucy of Ashport. Tenn., and Hardee Wilson of Montgomery, Ala.; one sister, Mrs. Hiram Meadows of Blytheville, 17 grandchildren and seven great grandchildren. Julia Ann Julian Rites Tomorrow Services for Julia Ann Julian of Osceola will be conducted at 2:30 p.m. tomorrow in Howard Funeral Service Chapel by W. A. Holly of Osceola Church of Christ assisted by the Rev. T. S. Womack, pastor of Calvary Baptist Church in Osceola. Burial wil) be in Elmwood Cemetery. She died last night in Baptist Hospital in Memphis. She was 69. Survivors include three sons, Charles, James and John Julian of Osceola; three daughters, Mrs. E. C. Skeen of Luxora, Mrs. Lp- rene Skeen and Miss Jessie Julian of -Osceola; and nine grandchildren. Pallbearers will be Charles Een- nemore, Bobby Walker, Cecil Me- Daniels, Raymond Davis; Jim Barron and Amos Pemington. ' • In Municipal Court J. P. Harmon was fined »50 and costs in Municipal Court Saturday as result of a beer tavern brawl. Hia attorney appealed to Circuit Court, posting $100 bond. Wayne Wallace pleaded guilty to drunk driving and was fined »100, costs and sentenced to 24 hours In jail. In a state case, Billy Dunham forfeited J19.7S bond on a, speeding charge. Osceola 'Crutch 1 Sale Nets $146 During a recent compaign, $146.86 was donated by the people of Osceola for the purchase ol a "blue- crutch" tags in the fight against PROPOSED BUDGET OF ' EXPENDITURES TOGETHER WITH TAX LEVY FOR FISCAL YEAR BEGINNING JULY 1, 1957, TO AND INCLUDING JUNE 30, 1958 " The Board of Directors of Gosnell School District No 6 of Mississippi County, Arkansas in compliance with the requirements of Act 403 of 1951 and of Amendment 40 to the Constitution of the State of Arkansas, has prepared, approved, and hereby make public the proposed budget of expenditures together with the tax rate as follows: General Control, $2,400.00; Instruction, $56,700.00; Operation of School Buildings, $8,000.00; Maintenance of School Plant and Equipment,' $500.00; Auxiliary Agencies (including transportation), $4,000.00; Fixed Charges, $2,000.00; Capital Outlay, $5,000.00; Debt Service, $4,263.00. To provide for the foregoing proposed budget of expenditures the Board of Directors proposes a tax levy of 40 mills. This tax levy Includes the present continuing levy for the retirement of present indebtedness. (If the dlstlrct Is not planning a proposed bond Issue for vote on March 17, 1956, the explanatory statement .would end here; If a proposed bond Issue l> to b* Included in the ballot for March 17, 1956, add the following sentence:) 24 mills of the above proposed tax levy of 40 mills is for a proposed bond Issue.of J41,602.00, estimated to run 20" years for ths purpose of (erecting and equipping new school buildings, or making improvements and additions to present school buildings, or refunding outstanding bonds') which >111 constitute a continuing annual .levy until the principal of and interest on the bonds are paid in full. GIVEN this 13th day ol January, 1956. BOARD OP DIRECTORS, Gosnell School District No. 8 at Mississippi County, Arkansas C. A. MOODY, President G. R. LEDBETTER, Secretary. potto: r Commander Gabriel Jackson ol' the Oscar Calhoun Post No. 449 reported that everyone contacted by the post contributed something, some as much as a dollar. He said, however, there were still some "crutches" left and these could be bought by calling 1070 or the Osceola Times office. Solicitors under Commander Jackson were Clarence T. Freeman, Ira Woods, Joe Whiteslde, Ed Davis, Willie Sigers and Post Adjutant W S. "Bill" Barabin. County chairman is Omar Bradley. Washington was the 42nd«. state to be admitted to the Union. CLEANER! FASTER! T^ORTECdNOMICAL! 1 Day Service on laundry picked up! 2 Hour Service on laundry brought in! (Includes wash shirts and pants finished when requested. __. 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Register your car's motor or serial number, make and model year on the entry blank. Then sign your name, address and telephone number, and havfl your entry signed or otherwise validated by a Plymouth dealer or salesman. Place entry In the contest entry box. 3. Winners will ho selected by The Reuben H. Donnolloy Corp. by blindfold drawing, lot prize winner will bo selected first—2nd prize winner, second, etc., In successive drawings. Decisions of judges final. 4 All entries become the property of Plymouth Division of Chryaler Corporation and none will be returned. Plymouth and its advertising agencies will not enter into any correspondence witn any contestant, except with contest winners. 5. Contest opens at beginning of dealer's business day, January 17. 19,%, lintrica must be placed m entry bo* before close of dealer's business day, March 10, 1956. 6. Winners will bo notified by mail by May 10, 1958. Names and addresses of winners will be posted at Plymouth dealcM- Prizes awarded at Detroit, Mvch. 7 Second pme winner must complete trip within two wecfcn, by October 31, 1956. Total cost of trip for two not to exceed $5,000. 8. Contest subject Lo Federal. State & Local regulation*.
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