The Courier News from Blytheville, Arkansas on July 1, 1952 · Page 4
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July 1, 1952

The Courier News from Blytheville, Arkansas · Page 4

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Blytheville, Arkansas
Issue Date:
Tuesday, July 1, 1952
Page:
Page 4
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' fOT*BAT, JTJLY 1, 1958 U.S. Defkit Seems to Be $3 Billion Amount May Be 38 Per Cent Under Estimate i WASHINGTON (*i — The budget i o>ficit for fiscal 1052 appears to] b« about three billion dollars—or I ** per cent— less than President Truman predicted. (f This was indicated as Treasury ' bookkeepers worked to get together today the final figures for the period, which ended yesterday. With only & couple of days' government accounts to be tallied, prospects were for an out pome about like this. In round figures; spending. 67 billion dollars: income 62 billion; resulting deficit, five' billion. The President estimated"last January the deficit would be SB.200,- 000.000. But his spending figure of $70,900,000.000 has proved a big overestimate, and his revenue figure optimistic. While, a five-biU'.on-dolinr deficit for fiscal 1D52 would constitute a big improvement over the President's estimates, it would nevertheless reflect mi 8 ]2 -bUlion decline from fiscal 1951. which ended in a budget surplus of 3 ] i billion. In the year just closed, budget outlays jumped about 5 per cent higher than in the preceding year. Where Ihe President went wrong was in expecting spending to zoom - o7 per cent as a result of the ex<V panding defense program. Revenues Came Closer On revenues, the President's estimate came closer. Tax recepts, boosted by rate hikes and new levies, climbed about 29 per cent above fiscal 1951. Truman forecast an increase nf about 30 per cent. The main reason spending fell below the Truman estimate was that planes anri other equipment ordered for the U.S. armed forces and foreign countries in the mutual security, program were not delivered by June 30 in the quantities anticipated. The money for these undelivered Items is obligated! meaning contracts or purchase orders have been let, tjut the money doesn't count in the budget ns spent until the goods are received and paid for. Brainy Beauty t, Given 5 Years Bedfield Burglary Woman Sentenced To Reformatory CARSON CITY. Nev. t&> — Mrs. 1 J<"?rme ri'Arr Midland. 36-year-nlri Felf-ptyled brains of the S1.5CO.OOO Rrrlfield burslary. yesterday was sentenced to five years In prison by Federal Jndee Rneer Foley. Mrs, Midland probably a-ill be pfnt ro the federal reformatory for wnmpu at Aldcrson, \V. Va. She will become eligible for parole after sen-inc 20 months, Judge Foley also sentenced l\\o others involved in the bizarre burglary of La Vere Hodfield's Rerin mansion in February. Leona Mae Girdano. 40. Reno cocktail waitress, convicted of transporting SI 1.000 of the loot across state lines, was sentenced to a year and a day. Henfon Henry Robinson. 63, a dude rnnrh handyman and Mrs. Mi c hand's rout act wish the under* svorlri, \va.~ sentenced to four years. He plendrd euilty. Three otrtprs, are await i us trial. They are Andrei* Youne. 46, John Trilicsi, 37 ,anri Frank Sorrrnten, M, all of Milwaukee. Wis. VOTTf'F, OF RRANTrXG OF MQUOR IT.RMIT Notice i.^ hereby siven that the Department of Alcoholic Bpvrrr>ep Control has issued a permit Xn. 225 to Leslie Crear Dorris to ?cll and dispense vinous rir spirituous liq'ior> for beverage at retail on tVir prein- L^K de5rviberi HS: 112 East Main. Blythevill.f*. This permit is-mcri on the 1 day of July 1952 anri expires on the 3^ day of June. 1953 Le.-lie C. DOrris. Fermittc Ask fo CAPPS SPORT COATS A Beautiful Array 1 / 2 PRICE IOTTLID IN IONC igwyoju, INC., loui&viut, Cool Summer Slacks Nylon & Rayon Cord* Now Only Men's Nationally Advertised STRAW HATS Our Entire Stock 1 /2 PRICE TEE SHIRTS All Sixes, Colors and Styles 1 '/2 PRICE FACE SEVEN MEN'S SOITS DHAST REDUCED! 100% WOOL SUITS Smart Styling and Fabrics By a Leading Manufacturer. In Broken Sizes. Priced to Clear Immediately. Originally Priced up to $53 Your Choice While They Last! One Group 37.50 Suits In Complete Sizes and Colors. Shorts, Longs and Regulars. Guaranteed Perfect Fit. 18 95 FINE CAPPS SUITS Beautiful Spring and Summer Styles. Many Imported Fabrics. Our Entire Stock . . . PRICE Gabardine Sport Shirts An Outstanding Value 1 /2 PRICE Beautiful Pastel Colors. Buy them now . .. They will cost twice as much in the Fall! Nationally Advertised White Shirts All Sizes and Styles Regular 3.95 Stock your Wardrobe Savings! HUDSON CLEANER - CLOTHIER - TAILOR Blytheviile, Arkansas Sreelc, Missouri Smart Summer Styles 1 / 2 PRICE

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