The Courier News from Blytheville, Arkansas on January 5, 1954 · Page 5
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January 5, 1954

The Courier News from Blytheville, Arkansas · Page 5

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Blytheville, Arkansas
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Tuesday, January 5, 1954
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Page 5
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TTTBSDAY, JANUARY, 8, BI/YTHEVILLE (AMC.y COURIER NEWS PAGE FTO Latin-American Strong Men Somoza of Nicaragua Pushes Revolution in Agriculture EDITOR'S NOTE: Aaaitailo Somoia hai beaded the »overnm«t at Nlcarafva for M yean, and We MM M deputed a ruler today aa when to Drat cam* «• t«w«r. Here's Uw atory of a Lalin- AmrfeM atronc ma« wk* run* Ua country Ukt a bwbwttmaa. By PAUL 1ANDER8 MANAGUA, Nicaragua (AP) — President Anastasio Somoza is also Nicaragua's biggest landowner. So it may be only natural that he's pushing an agricultural revolution in the sountry he has ruled for 20 years. Machinery is beginning to take over the country's farm production, except on the eoffee plantations, and a large segment of this little Central American nation is moving from the ox-drawn plow and machete to the tractor and rice-harvesting combine. President Somoza continues to be as much of a controversial figure as ever. But there is a general agreement that he has encouraged the current farming boom by a road-building program and by letting private capital go ahead where it can see an opportunity. The road program has enabled farmers to bring their crops to market by motor truck instead of ox cart, and has stimulated a land- clearing program in which cotton and rice are the principal new crops. Nearly all cotton Is exported to countries outside the dollar area. The increase in rice production has changed Nicaragua from an importing to an exporting nation. Tonnages are not large in world markets, but important for a small country about the size of Alabama. The population is slightly more than a million. Cotton exports amounted to only 833 short tons in 1949, jumped to 3,600 tons in 1950, were up to 10,000 tons in 1952, and climbed ' nearly 14,000 tons in the first elg months of 1953. Politically, the country is firm under Somoza's control. There's small minority representation Congress, but it is not too vigoro as an opposition force. Somoza foes throughout Central Americ says he "subsidizes" the oppositlo party. His Liberal party, over which h keeps close control even on th precinct level, seems to be the on effective political force in th country. Somoza not only directs th country's administration and run the Liberal party, he's Nicaragua biggest landowner by a conside ible margin. He owns coffee plan tations, farms, a shipping line- productive enterprises of all kind Able Administration How he built up his business an farming interests is a matter Battle Shaping Up in Congress Over Social Security System By SAM DAWSON NEW YORK (AP) — Your paycheck this week will be trimme a little more to take care of your old age. And your boss will ha to pay Uncle Sam a little more, too, to that same end. If he has big payroll, it will 6e quite a bite. These two facts—that individual paychecks are being cut and that businesses are being taxed more for the Social Security program- are back of a battle shaping up In Congress. The issue: Should the Social Security program continue to be run by building up reserves for. future payments, or should it become a pay-as-you-go-plan with the tax tailored to the amount actually being paid out in old age pensions? Social Security last year took 154 per cent of the paychecks of »ome 47 million Americans, up to a maximum of $54 each. The boss paid in taxes l'/ 2 per cent of the payroll, up to a maximum of ?54 for each employe. This week the amount withheld from your check goes to two per cent, with the maximum for the year set at $72. The same holds true for the boss' tax payment. When Social Security started back in 1937, it took in a total of around 500 million dollars a year, and paid out five million dollars a year in old age and survivors benefits. This year receipts are estimated to reach five billion dollars, and payments will top three billion dollars, with 2 l /j million persons drawing benefits. Since receipts have always topped payments, the Social Security trust fund has risen steadily. This year the kitty is expected to reach 20 billion dollars. The funds are invested in U. 8. government •ecurities. The reserve fund has been, built up, as an insurance company's funds are, to take care of the years ahead when a much larger number of persons' will be drawing a much larger total from it. That is the reason why the amount being withheld from your paycheck is going up by a maxi- mum of $18 this year. It will giv the U.S. Treasury and additiona 154 billion dollars to spend th year—since the Treasury spenc the cash taken in and gives Treas ury Securities for it to the Soci; Security fund. But many persons doubt if thes taxes should continue to be re garded as insurance premiums, o an increase in savings. They contend that the payments and withholdings should be looke upon as what they are—taxes—an should be held down to th amount actually needed to mak benefit payments. They conten that the tax should be increase only as the number of person getting pensions and the amoun of those pensions Increase. President Eisenhower hlmse: suggested at the last session o Congress that the raise in the ta this year be rescinded. Congres failed to act. The National City Bank of New York, in its January letter out to day, questions whether "piling u; of great quantities of its own deb securities as a 'reserve' does, In fact, add anything to the ability o the government to meet Social Se curity obligations." "In the final analysis," the bank flan, can only be made out. o .securities or under a pay-as-you-g< taxes on income of the future." cumulated reserve of governmen contends, "future pension pay ments, whether financed by an ac A number of businessmen wil For some others the increase businesses it means a sizeable In go along with that. For most largi will more than wipe out the gain crease in tax payments, they will get by the death of the excess profits tax. For some 10 million Individuals ;t wipes out the cut in income taxes that started this week. The 'Worth More" car declares a DIVIDEND > . for \'S4 Phillips Motor Co. Iroadwoy t Chickaiawba Phone 4453 debate. His enemies say he became a big businessman at public expense. Somoza says he got to be a rich man because he's a good judge of values and works hard. There seems no doubt that el Presidents is an exceptionally able business administrator. He keeps close contact with the operation of his properties and it's conceded by many that he is the hardest working man in the country. Somoza himself says he re-invests his profits in the country, and there appears to be no denial on thai point . His sharp eye for values some times extends to relatively modest things. On a recent visit to Panama, he made a quiet trip into the Canal Zone and did a good amount of shopping at U.S. commissaries, where goods are cheap because they are duty-free. IN MEMPHIS SHOW — Anne Baxter plays several roles in the Civil War epic, "John Brown's Body," which comes to Memphis' Ellis Auditorium the nights of Jan. 20-21. She co-stars with Tyrone Power and Raymond Massey. Reserved seats are on sale at Bond's, 20 S. Main, Memphis. Outstanding Young Men To Be Honored TULSA, Okla. I* — The 10 outstanding young American men named by the United States Junior Chamber of Commerce Saturday night will be honored at a banquet in Seattle, Wash., Jan. 23. The Jaycees annually select the top-ranking men in their respective fields. Their ages range from 21 to 36. Rep. Douglas Stringfellow, 31, a Republican from Ogden, Utah, was selected for his work as a secret agent during World War II. His activities resulted in the capture of German scientist Otto Hahn and upset plans of Hitler's regime to perl's* the atom bomb. Clement Named Prank Clement, 33, the governor of Tennessee, was named for outstanding leadership in state government. Editor Walter Carter, 32, of Tabor City, N. C., wns honored for his ' Pulitzer Prize-winning campaign against the Ku Klux Klan. Others cited were: Prof. Albert Schatz, 33, of Pair- lawn, N. J., for helping to discover streptomycin. Reporter Carl Rowan, 28, of Minneapolis for his articles and books dealing with racial bins. Billie Sol Estes, 28, Pecos, Tex., for accomplishments in argicul- lure and real estate. Dr. L'.oyd Korit2. 26. of Rochelle, 111., for risking his life to discover new methods of artificial respiration. Sgt. Hlroshl Miyamura, 38, Gal- Gunman Gives in- Just Takes Part DALLAS W_ "I wont all the money and don't make a lot of fuss," the gunman whispered. "Can I keep part of It?" asked the cashier, Miss Madie Jones, 47. "It belongs to another fellow and I hate to give It all away." The robber said Just hand over the paper money. Miss Jones gave him some SI bills. "I've got to have at least one big bill," he said. "Don't you have a five in there?" "No." "How about a ten?" Miss Jones found a $10 bill. The robber said that was fine and walked out. lup, N. M., winner of the Congressional Medal oi Honor for heroism in Korea. Maynard Miller, 32, Seattle, Wash., for outstanding leadership in geological science. IN THE CBANCKBT COURT FOB THE CHICKA8AWftA DISTRICT OF MISSISSIPPI COUNTY, ARKANSAS Fairle Mae Thomas, Pitt. vs. No. ll.Mt John Thomas, Dft. WARNING ORDER The defendant, John Thomas, 1* hereby warned to appear within thirty (30) days in the court named in the caption hereof and answer the complaint of the plaintiff, Pairle Mae Thomas. Dated this Mtn day of December, 1953. SEAL QERALDINE LISTON. Clerk. BY OPAL DOYLE, D. C. Keck it Partlow, Attys for Pltf. Marcus Evrard, Atty. ad Litem. 12/15-22-29-1/5 The human nose Is equipped to distinguish about 16,000,000 different odors. People can learn to recognize at least 10,000 distinct odors and can detect fantastically tenuous smells, but are quite poor at distinguishing a strong odor from a slightly weaker one of the came kind. TABLETS 49C Twice a year reductions of 30% to 50% on Nationally Advertised Shoes! Come Early! Sale Starts Wednesday at 8:30 a.m. FOR MEN OUR ENTIRE STOCK OF FINE MEN'S SHOES Bostonian, Roblee & Mansfield Reg. To $21.95 NOW $ *j C 00 $^00 Reg. To $14.95 NOW Selected Group Broken Sizes $700 BUSTER BROWN Children,; Suede DRESS SHOES Reg. 5.50 to 6.95 TEEN AGE DRESS SHOES PARADISE SUEDE &CALFS Regularly to $14.95 NATURALIZED VITALITY & RISQUE DRESS SHOES AND CASUALS $780 / Regularly to 11.95 LIFE STRIDE $C80 Regularly to 9.95 TABLE 2 $00 TABLE 1 $-00 3 DRESS & CASUALS Ho Refunds No Exchanges! & n SHOES HI All Sales Final!

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