The Courier News from Blytheville, Arkansas • Page 12

PAGE TWBfcTB BLYTHEV1LLB COURIER NKWI MONDAY, JANUARY 8, 19B8 Business Has Much at Stake In Issues Before Congress By SAM DAWSOK NEW YORK (AP) Business has plenty at stake as the new Congress opens this week with decisions coming up on taxes, tariffs, fair trade laws, flexible farm price supports, public housing, foreign aid, minimum wages and unions and the antitrust laws. Most businessmen expect that, on the whole, Congress will deal with them kindly al- thought.not granting them all that many of them would like. Hays Celebrates Their 20th Anniversary President Eisenhower's State the Union message Thursday wii give the lowdown on what the ad- mmist'ration would like Congress to do for business. Most business expect the message to be woven from rose- colored threads. The one big: bogey is the threat of rising unemployment.

And industrial leaders understand th; Washington is counting on the business pickup to hold the total around the present three-million Biffgest Spur The President's proposal for a huge federal highway building scheme regarded as the most likely spur to business in general that the coming session may enact. The tax decision likely will go against business. The corporate income tax rate is due to drop from the present 52 per cent to 47 per cent April and a number of excise levies are due to a slicing then too. But the congressional cards are apparently stacked for the continuation of the present rates for another year. The tariff battle will involve many businessmen bitterly.

Those with goods to sell back the Presl- dent's request for power to cut tariffs on the theory that will give other nations more dollars with which to buy American goods. Those who fear that cheaper foreign Items will invade American markets will fight hard for higher tariffs. At the moment, however, the betting is that the President will get the power he asks. Foreign traders look for the President to get somewhere near the three billion dollars he is asking for aid to foreign nations, es- peciflUy In Asia. This wouldn't hurt world trade any.

Farm Flan Under Fire Agriculture Secretary Benson's flexible farm price support program will be under fire, especially from dairymen objecting to a 75 per cent level foi" their products. In the food-processing industries, however, the expectation is that Congress will uphold Benson. The proposed boost in the minimum wage from 75 cents to 90 cents an to $1, as some in Congress suggest would hit only a few industries, but it would hit some of them hard. Higher pay scales for federal workers will be advocated as merely bringing them in line with what has already happened in private industry. But businessmen expect that higher federal pay Will encourage union leaders to raise their pay scale sights this year.

The new Congress will likely be more friendly to public housing than was the last And the private i GET ME OUTTA the heifer, was a picture of dejection as she Was caught In the sewer system at Decatur, 111! But thanks to some construction workers, the 500-pound anirnal was freed after 8 two-day imprisonment. The men entered the sewer from a manhole and, using a shield of; boards, nudged her to an opening where a winch lifted Stuffy to safety. lousing industry both builders and those who furnish the money mortgages will put up a strong fight against it. A of sound and fury may come from Congress on the issue repealing the fair trade laws Which allow manufacturers to en- 'orce their own list prices at retail evef, and'on the issue ot bringing mions under the antitrust laws. But business betting is that noth- ng will be changed at this session.

17 Hour Reading PORTSMOUTH, N. H. Pa- 'ishioners of Baptist Church read the entire New Testament In 17 hours and 4 minutes. The Rev. Charles G.

Berry and nembers of his church began their iroject on the first minute of the ew year. i IT SHOt STOIf GREATEST SHOE SALE OF THE YEAR! Starts Tuesday Savings For The Entire Family With a gigantic, money-saving man's best Running water brings us health And other things worth more than wealth. Without it we would thirst and swell, Our homes might burn or would not sell. It irrigates sweet peas and roses Washes necks and ears and noses; At the movies tools the air For the lovesick, spooning pair. Running water puts out fires, Sprinkles the lawn and never tires; Bathes the babe, his pants and gown; Makes insurance rales go down.

Flushes toilets, fills the tub For dirty clothes, aye, there's the rub; Wets our whistles, keeps us clean Makes the vegetables green. These things running water brings Alike (o common men and kings; And so from birth clear to the end Running water is man's best friend. Blytheville Water Co. "Water It Your Cheapest Commodity" Here is your opportunity for tremendous savings on top quality white goods as we celebrate our 20th anniversary in Blytheville. It's a big once-a-year value event you can't afford to mist.

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