Logansport Pharos-Tribune from Logansport, Indiana on January 19, 1958 · Page 12
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Logansport Pharos-Tribune from Logansport, Indiana · Page 12

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Logansport, Indiana
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Sunday, January 19, 1958
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Page 12
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PAGE TWELVE THE PHAROS-TRIBUNE and LOGANSPORT PRESS, LOGANSPORT, INDIANA SUNDAY, JANUARY 1», Committee Works On Economic Plan By UNITED PRESS The House Ways and Means Committee today looked further dnto the administrations new flex ible economic policy,'.which even ifcually might call for tax cuts in the economic slump continues. Committee members planned to hear more testimony from Treasury Secretary Robert B. Anderson and Budget Brundage. Anderson testified Thrusday that the administration doesn't plan now on any fied Thursday that the adminis tration doesnt plan now on any general tax relief but he could -"conceive of conditions that might change-its mind. The committee expected to approve a five-billion-dollar hike in the legal limit on the national debt to give the government more flexibility in defense spending. Anderson had requested the increase. Another Cabinet officer, Agriculture Secretary Ezra Tp'ft Benson, was not expecting a cooperative reception. Benson had an appointment to defend the new Eisenhower farm program beEore the Senate Agriculture Committee. The farm recommendations, which' President Eisenhower sent to the Capitol Thursday, have already been attacked by Democratic senators as "old biscuits hardly warmed up" and "the 'same old poison." Some Republicans joined in the criticism and Agriculture Committee Chairman Allen 'J. Ellender (D-La.l said there was "absolutely no chance" Congress will approve the program. The • day's activity was all in committees, with both houses in adjournment until Monday. Major developments Thursday: Military aid: The House Government Operations Committee charged waste in the huge U.S. military air program. It cited purchase of 84 years' supply of boiled linseed oil for an Army base in Germany, paying rent on equipment given to. the British and failure to obtain payments for buildings and equipment on bases turned over to Britain. Defense: Democrats in the House and Senate went after the administration to speed up devel- Card of Thanks We wish to thank our wonderful friends, neighbors, relatives and McCloskey - Hamilton Funeral home for their many kind expressions of sympathy extended us in the loss of our beloved father, "Samuel M. Damm. The Family opment of a nuclear - powered space ship entry to the moon and planets. . Reorganization: Sen. Stuarl Symington (D-Mo.) accused President Eisenhower of .withdrawing his firm State of the Union stand on a Pentagon shake up. It means he said, taxpayers will "continue to pour down the drain" millions of dollars to "maintain the status quo." Disability: Rep. Kenneth B Keating (R-N.Y.) and' Chairman Emanuel Celler (D-N.Y.) of the House Judiciary Committee cam. paigned against a Senate-approved plan to study further proposals on presidential disability. They said it was time now to act on legislation spelling out who is to deter mine when the president is disabled. Other Poles Didn't Know About Visit By COLIN FROST WARSAW UP).— Diplomats here said Saturday Moscow's announcement of Nikita Khrushchev's recent secret meeting with Polish Communist leader Wladyslaw Gomulka may have caught Poland's leaders by surprise. These informants said the Polish leaders may have wanted to keep the talks under wraps and that the announcement possibly embarrassed them. Official Polish sources tended to play down the importance of the meeting. They said it was only natural for Communist leaders to meet occasionally. • But this -attitude and the delay in announcing the talks suggested that some points of difference arose, presumably over Soviet leadership of the Communist world. The Polish press and radio carried only the barest announce'- ment of the three-day meeting of Khrushchev and Gomulka. Moscow Radio made the first announcement Friday night, saying the two leaders had met "in a cordial arid friendly atmosphere." In addition to possible discus sion of Soviet leadership in the Red world, the two leaders most likely discussed Poland's critical shortage of hard currency and the .next moves in the Communist bloc's "peace offensive" in which the Polish government has been j a prime mover with its proposal for an atom-free zone in central Europe. LONGEST TERM Attorney general of the -United States with, the longest term was By OVID A. MARTIN WASHINGTON HI — An economist in the field of raw materials sees financial disaster ahead for ;his country—and much of the world — in low prices of farm jroduets, ores, petroleum and like products. iyear out, the total national income | Q u incy" Adams from 1817 to 182s! He is Carl H. Wilken, economist! is roughly five times the income with the Raw Materials National j received from production of raw Council, a private research or- j materials. Hence, if income of ganization. He has spent a life-1 producers suffers, so does the to- NEW ENTRANCE—Memorial hospital la tearing I down its old ambulance entrance to make room for a new power plant. Until ,the construction work Is completed, visitors will-use the new ambulance entrance pointed out above by Alvin O. Thompson, hospital engineer. The entrance Is on 'the southwest corner of the building. (Staff Photo) Presbyterians Asked to by1960 SPECIALS* FOR THE WEEK MBR4DEL ICECREAM Butter Caramel Old Fashion Butter Toffee EBERTS' DRUG CO. OUAIITY »() %OM. O7C MER-DEl 'A GAL 1530 East Broadway Priori. 3854 Get Maximum HEAT from Your FUEL OIL...by using WOLFS PREMIUM FUEL OIL! = FREE = COMBINATION RAIN GAUGE -THERMOMETER WITH THE PURCHASE OF 100 GALLONS OR MORE OF OUR FUEL OH. Alia WED STAMPS FREE ON CASH DELIVERIES IT'S NO SECRET more people are having their PRESCRIPTIONS filled at BUSJAHN'S became they have learned: 1—We are as accurate as a college degree indicates— 2—We are as reasonable as is legally possible. We'll take a little-you keep the rest BE SMART — Take Your Prescription to Busjahn's Drug Store 308 Fourth Street/ Phone 3774 Double Giving •By LOUIS CASSELS fclnited Press Staff Correspondent ..The Presbyterian Church in the United States embarked' this month on a "five-year plan" that many denominations would consider hopelessly idealistic. It is asking its three million members to double their total giving to church work by 1962. The Presbyterians have the best •possible reason for , believing it can be done: They've done it before. In 1950, the so-called northern. Presbyterians were giving about 100 million dollars a year for local, national and foreign .enterprises of their church. Last year, they gave more than 220 million dollars. Although the denomination has grown in size during that period, most of the jump in its budget reflects more generous giving. The present per. capita giving figure of $72.03 a year is one of the highest to be found in major Protestant bodies. It compares, for example,jvith $52.79 for Episcopalians, $43.82 for Methodists, and $48.17. for Southern Baptists. Evolves New Concept Behind the remarkable Presbyterian record is a new concept of church finance pioneered by the Rev. Dr. John Thompson Peters, secretary' of stewardship and promotion. •'Before Peters took charge eight years ago, the denomination followed the custom which still prevails in most Protestant bodies. Each year it would adopt a budget for the coming year, hopefully making the tota' a little larger than . the previous one. This national total was then parcelled out among the 8,600 local Presbyterian churches. When the goal was reached, the drive was described as a success and everyone rested- until the next year. Under Peters' leadership, the Presbyterians switched to an "open end" budget. Each year the national church proposes a "basic program" which simply main- tains''the status quo. At the same time "advance programs" are laid before the denomination on the basis of "Here are some things-which we ought to do, and which we will do if we get the money." Can See Ahead The advance programs are spelled out in detail. Thus Presbyterians know that in 1958, if they give more than the bare minimum requirements represented by the basic program, Japan, Iran, Chile and 30 other countries; to build new churches in mushrooming U.S. suburbs and support missions in teeming inner- city slums; to expand the facilities and strengthen the faculties of 41 church-related colleges; to train thousands of church school teachers and other lay leaders. Beyond the "advance-program for 1958" is a list of long-range projects in Christian . education, home and foreign missions which will be undertaken when the money is available. The effect of this approach is to disabuse any church member of the comfortable idea that the de- IJB 9ju3S9Jdaj ^agpnq S.UOIIBUIUIOU that' really should be done' this year. The open end budget is a constant reminder that the responsibilities and needs of Christian service are unlimited. The individual member is able to see a di- •ect relationship between the size )f his own contribution and the ex- ent to which the church can obey Christ's command to proclaim he gospel to every living crea- ure. This, according to Dr. Peters, is he only basis for "true Christian itewardshLp." "The church is not a club to ivhich we pay fixed dues," he aid. "Giving is part of our discipleship, an act of worship, an expression of gratitude to God." Card of Thanks We wish to thank our friends, neighbors and everyone who was so kind during our recent bereavement. —The Tyre family. having FURNACE TROUBLES CALL Chronicle Printing Co. LJALITY PRINTING DL ^TiO i NOT EXPENSIVF » rhone 4JOz Riley's Heating and Air Conditioning 1314 I. Broadway Mien* 3437 Mor. Famillei Buy. LENNOX Than i Any Other Mak» Oil—Cool—Gai and Air Cohditionin9 LEAD IN OPEN TIJUANA, Mexico (K- Bo Win- Low Raw Prices Held (servicing of these'materials. AH involved in this process must be well paid, lie argues, otherwise there is economic trouble. Hurls Total Economy parity, society is forced into a position of either accepting a loss in income or mortgaging its future income by excessive increases in total debt—public and private — against the income of the United States," his statement said. He says his study of economic William Wirt who served under statistics shows that, year in and Presidents James Monroe and John jme studying the economics of raw materials. ' Wilkeri, a native of Sioux City, Iowa, long has battled for legislation that would support prices of raw materials at full parity prices day in and day out.'Fe argues that such prices are essential not only for the sake of producers but for the welfare of all. Urges Quick Action The economist has filed a statement with the Joint 'Economic' Committee of Congress urging I quick action to improve raw material prices. He said this is needed to keep the present business dip from' expanding into a disastrous depression. "If we try to operate the United States with 75 per cent of parity for farm products and other raw materials, the nation will lead capitalism into an economic. coi- tal economy. He told the congressional committee that the national income is losing 50 billion dollars a ye?.r through subparity farm prices. "When farm prices are below DUDLEY HEADS GROUP PHILADELPHIA Iff)— Ambrose (Bud) Dudley, former athletic director at Villanova University, Friday confirmed a report he heads a group offering $700 000 for the Philadelphia Eagles of the National Football League. . T. i. T-, u i 11 lapse throughout the world,' inger and Bob Rosburg knocked j sl | tement ssaid . seven strokes off par Friday and! ..j £ th j s ; s permitted to happen,took a two-stroke lead over the ] the loss of prestige suffered with, field in the first round of the! the launching of the Soviet .Sput- $15,00 .Tijuana.Open Golf Tour-! nik would be m ' ulti P lied man y nament. WINS PATRIOTISM AWARD SOUTH BEND, Ind. Mi-Senate investigator Robert E. Kennedy war, named Friday as winner of the University of Notre Dame senior class patriotism ward. His brother, Sen. John F. Kennedy, is a previous winner of the award. times." By parity, in this case, is -meant a standard of prices that would put raw material producers on a .par with other elements of the economy. Wilken says all wealth is founded on raw materials, agricultural and otherwise. Most of the economy's income is derived, he says, from production, transportation, processing, merchandising - and AMBULANCE Complete First Aid and Oxygtn Equipment PH. Day or Night FISHER FUNERAL HOME and your old refrigerator Factory Guaranteed Service FREE DELIVERY THIS IS NOT A BAIT AD! We have 22 of these factory fresh De Luxe Hotpoint Refrigerator- Freezer Combinations. None are crate-marred, obsolete, but PERFECT . .. and all are warranted for 5 years. COMPARE WITH ANY REFRIGERATOR COSTING UP TO 5 600! 2-Door Convenience 2 Cooling Systems Aluminum Door Shelves 2 Porcelain Crispers * Over 12 Cubic Feet Safety Doors Aluminum Pull Out Shelves Freezer Door Storage Color Styled Interior Automatic Defrosting Automatic Lighted Interior ONLY 10% DOWN EASY PAYMENT PLAN! Hotpoint Deluxe Model EY12 Deliered Exactly as Shown: Also Drastice Morkdowns on Hotpoint'Ranges, Washers, Dryers and Other Refrigerators - DAVIDS 516-518 East Broadway >hoiw3167

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