The Austin Daily Herald from Austin, Minnesota on December 29, 1958 · Page 16
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The Austin Daily Herald from Austin, Minnesota · Page 16

Austin, Minnesota
Issue Date:
Monday, December 29, 1958
Page 16
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M AUSTIN (Minn.) MEftAlD Monday, Bet. 29, 1958 Total Federal Assets Fixed at 262 Billion WASHINGTON (AP)-Tb« fabu- lodl Hope. diamond. tlrkmrty tal- o*d at up to two Mtnion donar*, eounti for two la official totali M to what the federal government to worth. Thtt'i beeauee R WM donated without eoet to the government. But despite that and nunneous other unreallsUo tataaHona, the tatoe of federal asaeta wu fixed in a mw annual report at 262 billion dollars as of mid-1988, , Aetnal Valve Greater The actual value is much greater, but most of the items are carried at their original cost to the government many years ago. The 262 billions included 67 billion dollars for the 770 million acres of real estate the government owns—equal to all the land east of the Mississippi plus California, Oregon and Arizona. The other 195 billion dollars came under the heading of personal property. This covered items other than land and buildings, ranging from $82,634.12 for recording studio equipment for congressmen to 21H billions for the 25,164 planes of the Air Force. The Rouse Government Operations Committee, which published the report, called the figures unbelievable. It rapped what it called mis-leading and antiquated evaluations supplied by government departments for the report. It asked for eventual listings according to true present day value rather than original cost Reverted Items Among the items it reported: Because, the government got Randolph Air Force Base's 2,322 acres free from the dty of San Antonio, Tex., the vast grounds. are carried on the books at aero dollars. The Army Preddte, 1,966 choice acres at Sea Francisco, is officially valued at $1, despite a real worth of maybe SO minion dollars. The White House grounds, 18 acres in the heart of Washington, •re recorded worth 11,000. Hope Net 'Carried The committee said the Hope diamond will not be carried at a specific value even though reforms are under way in evaluating land and buildings. It has been agreed, the congressmen said, that the most realistic. accounting on personal prop- , crty i«,to list at acquisition cost. So that will include priceless items like the diamond displayed at the Smithsonian Institution. Toe grand total o* $262,084,838,000 as of last June 80 is M billion 'dollars more than the federal worth total in the committee's first report three years ago and 12 billion higher than last year's figure. The increase has been due to revised evaluation methods as wen as to the rise in government holdings. Social Security to Dig Deeper at Paychecks WASHINGTON (AP) - A couple of end-of -the-year reminders on Social Security changes that may affect your pocketbook: Social Security deductions will take about an additional $2 a month from the paychecks of most working Americans after the first of the year. The new year will also bring increases of 7 per cent in the Social Security checks received by 12 million retired persons. The changes were voted by the last Congress. Government pension checks mailed in February will be 7 per cent higher than before, with a minimum increase of $3. The maximum check for a retired man and his wife, both past 65, will climb j from $162.80 to $174 monthly. Active workers and employers will bear the cost of the increased benefits. The Social Security tax rate for each will go up from 2V« to.JVi per cent. The amount of annual earnings on which the tax It levied will be increased from $4^00 to $4,800 a year. Workers earning the full $4,800 must pay $120 a year starting Thursday instead of the old total of $94.50. This averages out to •bout $2 monthly. Forher, Grondion end Son Obltrvt Birthday OAKLAND, Calif. <AJ»)-A falter, soo and grandson— all born Pee. 27-c*lebr»ted the events to- getter Sunday, one day late. Atra Levy, 74, of San Francisco crowd the bay tor the triple birthday observance at the Oakland home of hi» son, Harry, 33, tod grandson David, who had one candle «0 the cake. Good Sight Is More Vital Than Ever to Safe Driving By ECWW P. JORDAN, M. D. Written to NBA sertiet Wh<m driving • motor vehicle or walking near traffic, each of u» is truly at the mercy of others. According to a recent article in the Sight-Saving Review, one car in IS is involved in i serious itth »*». to t$ft the tttttl of traffic 4«iti* ia the fit. «*> wa» in the ntefhborhwd of 40,000. R may tUM n a ttrftriw i* MM relfttl, M ttf tali WIN •tort twie* ej heavy hi (to rwal ami at hi a* ettee. j About on* - fifth of'the road a«id«rts involved children, the fatalities per mite driven at night tffpte the** of, the daytime, htrtnort, night accent* are twice U likely to ft fatal tJ tbow 6f the dty. Although only 6T*.lhlrd of alt driving i* done at nl|M ( twc- thirdi of the traffic dettha occur at that time. In th« ease of pe* dMtriant, the night driving situ- atJou is even worn, since 91 per cent of then wh« die from traffic **PF*S60» DIES IT. LOUW. Ifo. (AP>~Tte Rev. Uureoee J. Kenny, s j., 94, pro- emeritus o/ history «$ st. j University, di*d Sunday. He 1 • Member at the ogrersfty's f«r more tban 90 years, WATONNA TON accidents are killed at nighi, There are many fmfert fn- votted In traffic accidents. However, ene of then \* inrely relate* te vHtM, iMipsrtant as this to, • vlMai eiamlftattat for teMwM »f a driver's toet»e d renolrcd rwrttwi* to e*l» IS states. Even where titii ii done, the requirement for corrected vision with glasses varle* considerably. No state yet tests for night vision or glare resistance, although te sererai states drivers are restricted to daylight hours if thetr vision Is not adequately corrected. lto«m« In being made in this area. The American Atioclatlon ft! Mfttc* VeHfeto Administrator* tiifeMifiMii that the irtttt'i M. cense ef fftmie fetJUrrag glaw« «• he s«UHMi <4 M«»t Wear eor- rectlve glatm vhlle drlvtog." Turning again to night driving, the three most important visual factors Involved are: dis- crimination tinder conditions of poor Illumination; ability to s e e against glare; and recovery from glare. The article suggests that tests for these faculties should b* slm- plified and adapted for the draw's examination. Depending en what la found, iStt* ttauld M restricted to daylight driving, Id other casei, gium e«n be constructed and wort which effectively lessen dlsturbmce from headlight glar*. Another step Wnlch can be taken t« redire* Ott hazards of flight driving M by Improvement hi highway lighting. Accidents preventiftfe by gUM lighting cost til* tttle* MMansr 19,000 liven iff nfflitt donan, K w«« Wilk mwietnttid 'Bghttng is ptfttlti, l! lt can tw had at half tw» dollar IMI and would, moreover, expedite pedwtrlan and rthlculir traffic, tncruM prop. «rt» valuta, redue* crime, and promote civic pridf." A final word should be said about driving by older p*op!e, As ona gets older the vision, both at night and in the day, tends to deteriorate. Consequently, tor the safety of older drivers as well a.i otheri, periodic examination of vision is particularly desirable. Genealogical statistics reveal that you had Sll grtat-great-greit- great-gfeat-great-great grandparents. TURKEYS 16-24 Lb. Avg. U. UHODR'S HEN TURKEYS 10-14 Lb. Avg. Lb. BUSTER MIXED Always Plenty of J FREE 14-ox. Can OWATONNA SWANSDOWN STRAWBERRY, LEMON CHIP or WHITE 3EL FOOD 79 C PEAS 8 a T" CORN 6 a 1" FESTAL WHOLE or CREAM CAKE MIX Pkg. 39 SWANSDOWN WHITE, CHOCOLATE BUTTERSCOTCH or YELLOW CAKE MIX BREAST OXHICKEN TUNA 6H-OZ. CANS SO WHITE BLEACH GALLON SPRY 3-LB. CAN FARM FRESH CRISP TEXAS CELLO REFRESHING CYPRESS GARDENS QUART PXG. JUICY SONKIST LEMONS DOZEN TBUCKLOAD OF MICfflCAM DEUaOVS - GOLDEN DELICIOUS IONATHAN - Borne Beauty APPLES » BUSHEL AMD '/. BUSHEL VANITY FAIR Facial Tissues $|00 5 LGE. BOXES SUNSHINE HYDROX 12-0i. Pkg. 41C FLAVOR-KIST BLEU CHEESE 7-Oz. Pkg. Crackers .. 33c CHIPPERS CRACKERS iF»r Thof New Y»«r'» Ev« forty) DON'T FORGET ... WE GIVE 0

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