Fayette County Leader from Fayette, Iowa on July 5, 1962 · Page 2
Get access to this page with a Free Trial
Click to view larger version
July 5, 1962

Fayette County Leader from Fayette, Iowa · Page 2

Publication:
Location:
Fayette, Iowa
Issue Date:
Thursday, July 5, 1962
Page:
Page 2
Cancel
Start Free Trial

Page 2 article text (OCR)

Erfafafrbed In 19M __J-> NATIONAL COlTOllAt 62 3pi 4 iH^ r Mj iiifkkin Chattin >J^-^ With Stonev Cree /c Bottom Comments By Reuben Stauetription Rates Lr. P»7e*.> sad Ad,««iisg Oxm'^a ... Per Y«r ChT-Kd* ra7*tte ir-ii Ad>wcr^ C«aa'>3 _ $2 *C Per Year Tbe Ludcr a publahied weekly .r. Fayette. U-ira. a:>i i-j--..<5rted cc Tr._-*di7 =crr.;ig. Entered it tr* P'JR Offe* at Fayette. Ic-»« as vwtcrf exacts zjiier. j=.2*r ih* Act of March 2 lf7% Ka»te* Sk 'iwuwew. Owner tad PoMisbc? take y*a.-i "SooKtt »7, na, all this will be ;«an." Editorial Comments - - - The Cold War . 7i* -cid -rtc w ja d-.«rw iactfi. fc a a -»ar </ arrrjaraeai. •»•*.- br.rjr, fcdei pur* up 'Ji*r&rr* tni 4hi*raz-. » *»a^xrjj of x ^r-^^r-aci* dBasrsKtr.-* power. & 2* a war trvit. wxfc twtfc iaA*a SJRTJ ? *j*«rar rwixrts* as an effort i/Kxrat 'jrir •wvr'jfi frjur^rx f: a a »asr fcr cnes'i mr.dB - y,d thui rrisy pre,*, ai a» ruv, &> be th* rrrjti xnpnrtasx f*«» b? -'ar • Th* Seven and these- tateflatej ar* p*2*d t&xnT. ir«e LCSCMJ Suees a&d A* West *>. a «>fc«^d* tarred carr, padgn to csrroEC* vast rumfoers c/ ?*«*>&•-. tsfrziaSy an the rjrw arxS u-j»mnaK#d usxfd. uvau as ryitern a the beK. S*>. a greaa mar.?" aBcfcoraaes beiseve that a vial Free World rjeed a to do a better job than as the past in poir *anc out and «nptusux< the failur** and apfttsskjca of enznxzasm. And W of the better ex umpUet. A seems, is cuntmxaam newest boo&kn. Cai tro 's Gifaa. which a only SO tsQes from cur car: shores. L\ S. Sews & World Report, in tts as* of Jane II. Rsm up the latest informauon on the -»a> peopt* rx«r live si Cuba and vfoat Cafiro and hat ptficxs hav« Il» an aJntoA ncmSble K/JT>- «f change for lie vorse thai has taken place in a mere three a-nd a half 7*an- The rmgazav «}t, "Cuba, jjot before Castro, was enjB^iog its me« prcupertxa years. . . . Sow Cuba, the hard facts show, a an economic sfcaroMet - tjjlSpn* wah jpura. but bankrupt." Then it cites fact after fact, based on official U. S. sources. Before Castro, Cubans had a per capita income What b It? E &4 a .""far. i'a.'ii - L; .Krrm aira *s£isy{ 'xiv 'r.z'J ZJ, s^W aJ i". *he pr»- f- «d&ior? w u'a.'pi;. r **3.K :r_? the *-ake rrjrr>» pay tf Cubar. -»'a-t.^r». Casro his Laken frorri thenj many . t *r*fxj. _'t :;y5.".? trcariZTie:. '.acatjoca. brjous- 4 - - ri tr* r^f-i". t-v svie. Tax*s. b;." *ay of ovrsrast. t-j-.* *jp- TS» O-har. wxrxKj. zppenrziy. kpyvs.r&s a state of ^pa»? a the C. S rsarkes for Oibar; suj?ar. w*x* •*aj the c.ixAry'j ras^. sourte of svpxne. Cajtro barters swj[ar •»'^h ccrnnxrai; r<at;<cs. ar_? 3i f«.-jrr- gv.Os •shx.h '.fter. are ^.fervor ir. <yial- it;, or rw> w*d«i The O^fcen ajrrency reflects ctxafeiom. The pre- Caatro peao was sfxth ere U. S. &AXzr. The ctcrer^ Caairo vakseri at five u» &ev«rr t per driUr. In only orae area, c seerru. hai Castro made proeress'" - if that is the right «ord for it. He has ttoit. v-ctr, Soviet ama a.-xi acvioe. the st-ongest rr&btary pwer ir. Latin AmeTica.i h^sjy-/. He hai Uiih alio a Sovset-modei spy system. These eie merjU. and his aim«t izThrwSed use of terrrr, make* a pcssibEe for han to keep the nation wider <xmtro4 and. so far. to prevera the organizaticts of an effective counter-force. Meanwhile, conditions get vtrirse ar.d worse for the masses of the Cuban people. U. S. Sews says at the end: '"The world once more is seeing what Oxnmmxsm does to a country." Storm Of Opposition A violet* starm of opposition, fed by potent winds both in and out of Congress, has risen against the Ad ministration backed bill to levy a 20 per cent withholding tax on interest and dividend payments. This, some have observed, amounts to saying that ail recipienU of such income are potential crooks. Others see it as a penalty against the many in order to catch up with the derelictions of the few. Beyond this, some very cogent practical arguments are stressed. A staggering amount of bookkeeping, at unknown cost, would be required of enterprises paying interest or dividends. Individuals, too, would be plagued with new bookkeeping problems. The Lax would be paid before it was actually due, and people who might otherwise invest the money would be the kwers. The burden would fall primarily on p*-op' f ' r ' f small means who can least afford it. And many peo pie, not understanding the routine involved in obtaining refunds of ever -payments, might lost- o»..t entirely. The government, opponents go on, has other ar : d fairer means of seeing to it that all taxpayers meret their obligation. For one thing, it is pointed out that the Internal Revenue Service is not taking fully effective advantage of the sources of information it now possesses. For another, the new electronic data equipment the Service is now obtaining will provide a virtually complete dossier on all of us, so far as tax matters are concerned. The vices" inherent in the withholding scheme would far out weight any virtues. What Happened To The Surplus Remember, not so long ago, when a small federal budget surplus, in the half-billion dollar range, was officially forecast for the coming fiscal year? Well, that hope has gone a glimmering. There will be a deficit. Responsible quarters put in at a minimum of $3 billion. Some think it may reach twice that figure. Here's what Sylvia Porter, the respected financial writer, has to say: "Whatever the precise deficit figure when the books are closed on the 1963 fiscal year, the pivotal point is that the budget is fast sinking into the red. . . , This coming year's deficit wOl mark the third in three fiscal years of the Kennedy adnwiistration, the 11th in the past 17 years of both Democratic and Republican Administrations, the 27th in the past 33 years of our history. . , . simply isn't good enough to produce the corporation and individual income taxes to cover the government 's scheduled spendnig. ..." Overestimates of tax income and underestimates of spending seem to have become a habit-forming vice within the government. And what are the potentialities of these hugh, continued deficits? One, of course, is a new wave of inflation, as the government pumps red-ink money Into the economy, without a compensating increase in the supply or demand for goods and services. Another is a further weakening of the dollar in the world markets. Another is a further decline in our gold reserve. Let all this go on long enough, and there's just one end - the national bankruptcy, or something approaching it, that our Soviet enemies anticipate and eagerly await And remember, as the value of money declines the much vaunted "security" of the welfare state becomes increasingly illusory'. What Is Mass Distribution Just what is "mass distribution"? The mechanics of this method of selling goods are complex, but the principle is simple. It used to be that distribution was based upon a system of buying as cheaply as possible and selling as dearly as possible. That is still the case in many of the countries of the world Mass distribution, (J. S. style, marked a revolutionary departure. Its motivating principle is to buy as cheaply as possible and sell as cheaply as possible - in other words, to give more for the consumer dollar. This isn't because merchants are operating an eleemosynary institution. They certainly aren't. But they have learned - in spite of early-day scoffers - that all benefit when a big volume of goods is moved at a small unit profit, instead of moving a small volume of goods at a big profit The chains pioneered mass distribution. Other kinds of merchants adapted it with complete success to their own enterprises. Much of the credit for the American standard of living belongs to it. How Crazy Can You Get? "Can Your Pocket Stand a 9688,000,000 Tax Bite?" That's the striking title of a leaflet issued by the Montana Power Company. And it tells a story of possible waste of your tax money on an almost fantastic scale. The company proposes to build a 240/100 kilowatt hydroelectric development for 142 million-all of which would, of course, come from private savings and earnings, and not your federal treasury. But this would be flooded out if a proposed government dam is built. The government dam would produce about the same amount of power as the private development- 256,00 kilowatts. But, in cost per kilowatt, it would lead all federal projects in the Columbia Basin. That cost would be $1,010, By way of comparison, cost at Grand Coulee is $103. On a straight profit and loss basis, this government project would lose $11,002^)00 a year oa its operations, counting interest, amortization, operation and maintenance and so on. That comes to $550, 100,000 over a 50-year period. To it must be added the loss of $138,600, 000 in tax revenues that will be paid by the private utility if it is allowed to undertake its project So- the possible tax bite on the taxpayers is $688,700,000-and it's 100 per cent unnecessary 1 Additionally, the government dam, through its flooding, would destroy ranges, feeding grounds, and waters essential to fish and wildlife, and would also flood out 0,000 acres of irrigated cropland, displacing 1,284 people. Behind The Statistics Statistics can make dull reading. But they arc an ftfrrrtf* 1 part of telling many a story-and, if they are read with imsigination, they can be dramatic, en- courafinf, or deforesting, as the case may be. Take, for iwtance, some statistics concerning the U. 8. Merchant Marine. This essential industry consists at tome 927 vessels of 1,000 gross tons and over. Its bard core is a fleet of about 300 ships owned by 15 companies which operate under government subsidies -designed to help offset the vast difference in wages and other costs our shipping fodustry must pay as compared with those of the other major maritime Merchant shippfog-induding the varied shore and seafaring Jobs it provides-fai rwpansiWe for the direct enjoyment of 175,000 people. In the last year lor which the figures are • avaOabte, its spent at least 1505 million for wages, services and goods. In the next 10 to 15 years the "hard core" lines are obligated replace 276 vessels, at a cost of $3.5 billion or more. About a third of those ships will have been built this year or will be in the process of completion. So much for the statistics. What they don't and can't show is the great amount of indirect employment our merchant marine provides and creates-or the invaluable services they perform (or agriculture and industry-or their, alMfflportant role in the national defense an4 security programs. In other words, what the flgujres'cetft show I* one overriding fact: That we must have and maintain a U. S.-flag merchant marine of the highest charucter-and that it is to the direct interest of every importer and exporter to patronize it whenever possible, if he doesn't wish to be left dependent on foreign lines, _ 2 down---4 t$ go! r.tr>i re t movers. y.b. -5./vca: dor* r _~::. We tsr zrrr&u •»•:.- • ~i ' • «.-tcept be. -rrx> i-.c-t. The esKir* -la.". **J> moved in k&! thac three cay; tirr*?. which »«• feel nxs* sent* sort of rewind Mcr.tr* r xt- bf-zr-n in easiest Las*. "'V-c-s.'t..-rr-oor.. a«f were <-.-jrx.-.r*.ec r,> '>> p. m. Friday r^ghc. A .--C -••.<•..-:.-? '.' any *• *A » waj ir XT' Ai: of tSr i .-=.y -J; tr -a <h of whxf- •i.-.j^K'i '.r:rr. '.r>: three v.r.5. .is -r»-.v--i Fr.cay afterrj -'•=:'..-z. Tr~.- r.n-x that <id v .e ~s.'.-4 r-v attended before, br. » CMTrrierd th ^rr. v, ai rje »5pa >rr ecu;po>^ They did a -or<ferf'.i We'd UT V . v.d a thanks to a.: tros^r •*h <t- r-::pec the mcr.crg. TS;y ucV.-d- L//*e!l Langermsr:. Kz.-Jr Oakes. Dor. ar.d Russet! Va.'.<feriee. Bob "AVk. R/»? Kosbtsch. Bob '/T:lscr. Lr/»eU Miller. Ctarer.ee '•ficram. Ray Connor, ar.d V:< O ' Oeiwein. Also, we'd ';.V:~ to tharJc Dor. Vandersee for the use of ha p.ck-up. Earie's Sur.da.-d service ar.d Harry 's Crtks &r.ice for th>* use of their byd-adic ;ack». Hnr>eman Texaco for use of other atio'es. and also :o all the s:de-* alk sup- eriraender.ts •aho gave us mora! support. With considerable ek-ctrical. piumhwg ard carpenter work not completed before we moved ir.. we've been working under a handicap in getting this week's edition in the ma;:. 'Ae haven't had time to get things put in place so its rather unhand;.- trying to locate things we .v*d. But we fee! sure you will bear with us for this issue i' things do appear to be slightly r»i solaced. V.'e haven't missed an edition in the three years we have been in Fayette, and we assure you we do not intend to. ar«- well pleased with "Die tatorship of in Bllion" by Charier, .Shiiman of AFRF. This editorifil n concise ;mr\ forthright, ;i gofKl .rn.ilvHis of the subtle way the A<1 mini, trntion "buys" votes in the Sn ^te and Hou .se. Mr. Shuman o'i'i a e>/A job of pointing up the re danger of reprer,en ;itive gov '-rnnr-nt lying replaced by a die tatorship of Federal dollars. On the othrrr hand, we think some local P 'arm Bureau "eager beavers" div <d off at the diep end. in the F. B. Spokesman of J:ir,e ',<). We question the economic good sound sense in regard the Farm Bureau being in "complete opposition to the bill no matter what the outcome might be." The writer of those words should have the perspective to realize two per ti.--.-nt facts. First, unfortunate as it is for agriculture", raising corn for the Government" became a way of life for a great number r ' eorribeit farmers. Nov/, being paid to not raise the corn, is the way of life. Pertinent fact number two, abrupt end, or drastic curtailment of this way of economic life would have a tremendous im pact on the cornbelt economy. The impact would reach far beyond the farmers. It would hit hard at the thousands of retailers of farm equipment, commercial fertilizers and feeds, petroleum products, and herbicides. The F. B. should not become too over-zealous about complete and unrestricted free enterprise in agriculture, "no matter what the outcome might be." Free enterprise is GOOD, yes indeed, but a real tailspin depression Oclberg reunion held The twenty-seventh annual Oelberg reunion was held Sunday June 24 at Lima church. The decendents of John Peter and Elizabeth Betz Oelberg who came to Albany in 1856 and a few years later bought the farm one mile northeast of Lima now occupied by a grandson Franklin 'Pete) Oelberg and family. Forty-nine were present, of which thirty three were direct decendents. The oldest was Walter Turner 82; the youngest Sandra LeAnn 6 month old daughter of Mr. and Mrs. Harva Oelberg, of Lansing. Others present were Albert Ole- berg, Luana; James Leppert, of Waukon; Dr. and Mrs. Chris Oelberg and Jimmy of Elma; Mr. and Mrs. Richard Bachman and family, of Clarence, who came the furthest distance; Mr. and Mrs. Norman Amudion and family, Mr. and Mrs. Don Enyart and family, of Postville; Mr. and Mrs. Chet Adams, of Arlington; Mr.and Mrs. Paul Oelberg, West Union; Mr. and Mrs. Walter Turner and Elmore; Mr. and Mrs. Dick Adams and family and Mr. and Mrs. Ralph Dickinson, o( Fayette; Mr. and Mrs. Pete Oel berg and Duane and Mr. and Mrs. Russell Dickinson and family, of Lima; Mr. and Mrs. Dale Cain, of Guttenberg. u.s/^ SAVINGS BONDS UTVHc. USED CAR BARGAINS '59 IMPALA 4-door Hardtop, V4 Automatic Transmission, Radio and Healer, Power Steering, Tinted Glass, Back-Up Lights. One Owner Car. First Time Advertised * '59BELAIRE 4-Door, 6 Cylinder, Automallc Transmission RAY WOUfE GARAGE MAYNARD Day #2 PH0#kV> Nlje 41 could be equally bad. c-b-e In these days of inflation, it is ind«-d pleasing to learn that something is LF.SS rnon* y instead of more. And FORTY percent less, that is really something. In I'.fJi it. cost five dollars to registar a r > a d«'|egate to the Republican .State Convention. I-'ist Friday they "soaked" us only thr>-».- dollars to register for the forthcoming Con vention on July 'J). Oh glory be, we will have two bucks more for liquid refreshments when ue get there. Attend workshop More than 300 Iowa .VFO leaders were in attendance at Iowa State university, Ames, Saturday, June .VI, for a one day workshop. It was called to lend assistance to county presidents, publicity chairman and public relations chairman. Attending from Fayette county were Ijtrry Recker of Arlington; Mr. and Mrs. C. E. Schuchmann of Hawkeye, and Aubrey Guyer of HI gin. To meet Thursday Ihe Idle Hour Grandmother's club will meet Thursday afternoon, July 12, at the home of Mrs. Newell Combs. THE yfT CIRCUS^ COMING ^ TO TOWN 7 mm US. SAVINS BOND IS ONE VEST-EGG THAT TAKES CARE OF ITSELF. SELLS BROS. t 3 ring CIRCUS MONDAY, JULY 9 2:30 and 8:00 P. M. U.I.U. Baseball Field SPONSORED BY FAYETTE CHAMBER OF COMMERCE We Moved' Too! •SISIM ^ ias-|B3u, pue o|id-ino 'doo| p 80 ]oqo B UI. ^C J JBO uo|f\u %00l MOJBUOJAJ BUjAJS.UBS pUB 8JBS d3£ |U0ip8|0Jd jnoA JO) aa^uBJBnB jeafi-u9\ ud\\im B AJJBO sjadJBO qojBUO |Aj 'pB^ u| •sjBeA' JOJ iq6uq pus qsaj) MoquiBJ A B^S SJOJOO pue '^uaDjapp uaip }U) q ;iM A BMB aBuods s ||jds puB sjods '90Md ;a6pnq B UIJM jadjeo Ajijenb aq; 'qojeuo|Aj Aq uojAu si ,,aBuBJ p , jjaq^ j| a^ss BJB sAoqMoo Aoq uaAa JO sAoqMOO p!9 i)3JBU0W Aq larjjeo uo|Au S}\ uap ABMB aSuods s||ids pue s)od$ GIANT TRADES GENTLE (TERMS THAYER'S URNITURE — APPUANCESi (PH. 287 FAYETTE! CAU US POR R1PMG9RATOR A T.V. 8BRVIC1 "Serving Iowa Homemeker* hai been i family tradition for over CO yean."

Get full access with a Free Trial

Start Free Trial

What members have found on this page