Carrol Daily Times Herald from Carroll, Iowa on November 3, 1970 · Page 19
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Carrol Daily Times Herald from Carroll, Iowa · Page 19

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Carroll, Iowa
Issue Date:
Tuesday, November 3, 1970
Page:
Page 19
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Debate Over the Economy Grows Hotter By JOHN CUNNIFF (AP Business Analyst) NEW YORK (AP) - The debate over the economy as a political issue has decome heated in recent days after somehow being obscured by less important issues. Republicans had chosen to downplay economic debate, because the game plan in the fight for stability was off schedule if not off course and therefore af : forded little offensive ammunition. But now they have been forced to defend their record. Arthur Okun, Gardner Ackley and Walter Heller, Democrats all and all former members of the Council of Economic Advisers, have been especially critical and so had to be answered. The most damaging criticism, however, came from Paul Samuelson, who delivered his criticism from a platform not ordinarily identified with politics. Although never a member of the Council, the professor spoke with Olympian power, having just won the Nobel Prize for Economics. The role of responding appears to have fallen to the articulate Treasury under secretary, Charles E. Walker, who blasted the Democrats as irresponsible, unfair, vicious and ill-mannered, and with having left an "economic mess" when they left office in 1968. The Republican record, he said, is one on which the administration is "proud to run." Inflation is being controlled, a housing boom is in prospect, financial markets are operating efficiently and the road toward full employment is charted, he said. Is all this so? —Did the Democrats leave an Timei Herald, CarroJl, !o. Tuesday, Nov. 3, 1970 economic mess? The term is subjective, but even some Democrats concede there may be some truth to it. Unemployment was low, but inflation was steadily destroying economic balance. JUST MOVED? What you need right now is a helping hand.,. —Is inflation being eon- trolled? Still open to interpretation. It definitely is abating, although not on a steady line. Wholesale prices rose in September after dropping in Au gust, meaning more inflation to come. However, this is the basic I trend of consumer prices: In the first three months of the year the index rose at a rate of 6.3 per cent. In the second the rate dropped to 5.8 per cent, and in the quarter that ended with September it fell to 4.2 per cent. The question that concerns some economists is whether the trend will continue. In September, they note, the consumer price index rose again to an annual rate of 4.8 per cent. —Housing boom in prospect? A good many economists foresee it—most of them, in fact. Money is gain flowing into savings and loan associations, which are the big lenders on housing. Private housing starts rose to an annual rate of more than 1.5 million units in August from just 1.06 million in January. —Financial markets operating efficiently? So far as it is within the power of the administration to influence them, this is perhaps true. Interest rates are falling. The mortgage and bond markets are improving. And the volatile transfers of funds from one type of institution to another seems to have ended. However, as with inflation, interest rates remain high. The Democrats may complain about the high rates in each of these areas. The Republicans can boast about the trends. —The road toward full employment charted? Maybe so, but voters are likely to be more concerned with jobs than •charts. Not only is unemployment high, but it may be rising. In September, 4.6 million persons were out of work, and the unemployment rate had jumped to 5.5 per cent of the civilian, labor force from 5.1 per cent one month earlier. Council Asks for a Revision of Landfill Plan The Carroll city council in a special meeting Monday evening rejected a proposed agreement for the establishment and operation of a county-wide sanitary landfill operation and referred it to City Attorney Ronald H. Schechtman with instructions to revise the proposed agreement and return it to the council for their consideration. Among the recommendations made to Mr. Schechtman by the council to be included in his revision is the establishment that a six-man commission be established to operate the facility, that the commission be charged with operating only the landfill operation, and that the entire agreement be based on the Supreme Court's decision concerning the one-man one-vote principle. In other action, the council voted to reject a request for a $100 a month subsidy payment from the city to establish and operate a senior citizen's recreational facility in Carroll. Councilman Oliver (Bud) Mosman reported to the council after contacting several other cities in the area, that he could not find one city that directly participated in such a project. He said that such facilities in most cities are established and operated by various civic organizations. Mr. Mosman also pointed out that no provision for such an allocation has been included in the present budget. Appointed He'll dig into a new job if confirmed by the Senate. Dr. Elburt Osborn was appointed by President Nixon to be director of the Bureau of Mines in the Department of the Interior. He was vice-president for research at Penn State University. Drive, in mid-block on the last block of Skyline Drive, at the intersection of Woodland Drive and High Ridge Road and on High Ridge Road 430 ft. north of Woodland Drive. The next council meeting will be held at 5 p.m. Monday, November 9, in the council room on the second floor of the City Hall. L.P.N. Unit Elects Officers Near Boltoni on Federal School Aid (Hy Iotvu Daily Press Association) DES MOINE — Is Iowa getting its fair share of federal school aid? Iowa is near the bottom of the states in terms of the per cent, of federal school aid it receives compared to total expenditures for secondary and elementary schools. A report by the Advisory Commission on Intergovernmental Relations shows that in 196869 federal school aid accounted lor 4.2 per cent of the school receipts in Iowa. The national average is around 6 per cent. The state provided 32.6 per cent of the cost of educating Iowa youngsters with local funds accounting for the remaining 63.2 per cent of the bill. One possible reason Iowa only received $20.3 million in federal school aid is that some of the funds are tied to local initiative and other states may be doing a better job in developing programs that attract federal funds. Only Michigan had a lower federal per cent, 3.9, while Iowa was tied with New York and Vermont with 4.2 per cent. At the other extreme was Mississippi with the federal government providing 20 per cent of the education tab. Another factor influencing the federal percentages may be the total amount of money spent locally and by the state. Be sure to get in touch with the Welcome Wagon hostess. She can help you get to know your new community as quickly as possible. Phone 792-3609 Walshes Conclude Visit in Memphis (Times Herald News Service) VAIL — Mr. and Mrs. Ray Walsh have returned from Memphis, Tenn., where they visited their son and daughter- in-law, Mr. and Mrs. Dennis Walsh and family. Another son, the Rev. Patrick Walsh of Fort Dodge, visited his parents Friday evening. Mr. and Mrs. Albert Osterholt entertained at a dinner Sunday in honor of their son Ivan's birthday. Mrs. Peter Hoffman, Mrs. Esther Willroth and Mrs. Irene Osterholt helped Mrs. Carrie Chapman celebrate her birthday Monday. Lunch was brought by the guests and served after cards. After receiving a report from City Works Administrator Leo Clark, the council also rejected a request for the widening of Main Street between Bluff Street and W. Anthony Street leading into the Rolling Hills addition. Mr. Clark said the widening project, which would also include the widening of a bridge from the present 20 feet to 28 feet, would ost the city between $25,000 and $30,000. The council did direct Mayor William S. Farner to instruct the city police to run radar checks on the street periodically to reduce the speed on the street. The council authorized the installation of four new street lights in the northeast section of the city. The lights will be installed on E. 12th Street between Vine St. and Skyline Mrs. Eugene Havermann was re-elected president, and Mrs. ] Rita Hogan was re-elected vice president, at the Monday evening meeting of the Carroll L.P.N. Unit at the Havermann home. Miss Mary Jo Bruening is the newly elected secretary and Miss Roberta Tigges is the newly elected treasurer. During their regular business meeting, the group formed a committee to revise their bylaws. Their membership drive is on for 1971. Door prize was awarded to Mrs. Arnold Havermann. The Unit's next meeting will be Dec. 7 at the home of the president. Cynosura was the ancient name for the constellation which we now call Ursa Minor, the Lesser Bear. Van Overturns, Iowan, 57, Killed NEWTON (AP) — Thomas Dale Finders, 57, of Marshalltown, died Monday afternoon when his van truck overturned on Highway 75, about two miles north of here. Authorities said the truck apparently went out of control and skidded sideways for about 300 feet. The truck then went into a ditch and slipped over, crushing the top of the cab. SON'S ADDRESS Mr. and Mrs. Daryl Winker have received the following new address for their son: Pfc. James L. Winker; 478-66-8657; Co. C 3 Bn. 22 Inf.; 25th Div.; APO San Francisco 96225. WE WANT TO SAY Thank To the many people who made our Grand Opening such a huge success. We hope you found our store a pleasant place to shop. Stop in again soon. WINNERS: Cold Cash — Miss Frances Wernimont Portable TV — Mrs. Gilbert Klindt Bicycle — Mrs. Paul Wiederin Electric Drill — Mrs. Ron Hannasch Fondue Set — Anna Lehrkamp FROM . MR. & MRS. CECIL MENKE Delay For New Street Construction work on the relocation of Fourth Street in Carroll has been delayed by inclement weather. The'.. rain-soaked road bed of the new street which runs along the right of way formerly owned and used by the Chicago Great Western Railway is shown in foreground. Earth-moving machinery used in grade construction is shown at right. When the weather clears- and grade surface dries, concrete pavement will be• poured by Kraco Construction Company, Sioux City,.: The relocated street will run from the intersection: with Adams Street, shown in background, to Court" Street to the east. 'Velvet' Doll by Famed Ideal Chrissy's new cousin, 15" tall, with hair that "grows" from a bob to long-long-long. QQfi So pretty! 11.99 valued Snoopy Plays the Red Baron A real skill-and-action game by Milton Bradley featuring the fearless ace and his enemy. Reg. 3.83 «3 'Battling Tops' Game For All Launch 'em from the corners; they circle, collide, recover, knock each other out 'til one is winner. 3.79 value All-Time Favorite Play Don Pliable, clean, in cans with reclosable lids. Four ££AQ colors. Reg. 78c, nowWT Battle-Ball by Fisher Price Toddler's treasure to push, listen to and watch all UJfc^c at once. Reg. 1.19 'Pocket Radio' by Fisher Price Wind it, hear the music box and see a story on the *f 99 • "screen". Reg. 2.34 * Spirograph Fun Never Ends imit to the designs kids of all ages can create with this award winning creative toy. Compare at $3.49 New Tiny Tonkas Crazy A's The greatest rage yet; souped up Model A's of auto gauge steel with lifetime tires, & axles! Regular 1.47 1 Drink 'n' Wet Baby Dolls So adorable, take-care-of-able and cuddly. A favorite! Regular 2.17, now just Lots of Those Hot Wheels Cars No kid ever had enough and these are most popular «^^« of all! Compare at 99c £ Big Selection of 88c Toys Perfect stocking toys and many choices to please ever yOQ(j child on your list! OO siiyrgcii Charge It at the friendly store that puts you first by keeping prices down! See ail these and more! Layaway now while selections are complete and prices are lowest! AnrU WED. and FRI. VrCn: Nites Till 9 p.m. 521 N. Adams — Carroll 792-2225 • -(•' victim

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