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Abilene Reporter News: Monday, February 2, 1970 - Page 1

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   Abilene Reporter-News, The (Newspaper) - February 2, 1970, Abilene, Texas                                WITHOUT OR WITH OFFENSE TO FRIENDS OR FOES WE SKETCH YOUR WORLD EXACTLY AS IT 89TI-I YEAR, NO. 229 PHONE G734271 ABILENE, TEXAS, EVENING, FEBRUARY 2, PAGES IN TWO SECTIONS Associated Press lOc SUNDAY Budget Reflects Ax Marks Surplus By STERLING F. GUEEN Associated Press H'rllcr WASHINGTON (A.P) Presi- dent Nixon made good today his vow lo deliver a balanced budg- et for fiscal 1971, but its shaky J. E. Swenson Dies al 77 STAMFORD (RNS) John Emery Swenson, 77, manager of the Emery Ranch at Spur, died at GilS a.m. Monday ill Stamford Memorial Hospital, where he had been a paiiciil for nine weeks. Funeral will be al p.m. Tuesday at Ihc Bethel I.u'lieran Church with Ilev. Stan Jurgenson, pastor, and Senior Northern, minister of the Orient SI reel Church of Uirisl, officiating. Burial will be in the family plot in (lie Bethel Church Yard Cemetery under direction o! Kinhey Funeral Home. He was born July 27, 18D2, in Jones County, southwest of Stamford. For a number of years lie was employed by (lie Swenson Land and Cattle Co. and al one time was foreman of Ihe SMS [''lallop Faiich. From 1918 lo 1011 he lived on his own ranch near Lueders. In 1941 he moved lo Spur where lie was the manager of the Kmery Ranch. Survivors are his wife of Spur; four sons, John of Lucdcrs, Magnus of Eleclra, J. K. Jr., of Spur, and Carl of Stamford; one sister, Mrs. Burcc Taylor of Amarillo; two brothers, W. G. Swenson and A. M. G. Swenson, both of Stamford; M grandchildren; and one great- grandchild. on Cooperation by Congress f mf surplus- billion on a record billion spending was pinned on.a doubtful pros- pect of cooperation by Congress. Nixon's first buJgel message to Congress bore the marks of liib cost-culling II chopped 35.3 billion from overall defense oullays. clown lo billion for fiscal 1971; or billion for strictly military functions. U cancefcd or c'ut billion worth of domestic progviuus de- scribed as "low priority." Space spending was squeezed lo billion in a 12 per cent cutback. To help make meet, Nixon announced a speed- up, worth 51.2 billion in fiscal 1371, in Die Treasury's collec- tion of excise taxes and income taxes withheld by employers. Nixon asked for oilier reve- mic-baosler.s, some sure to meet heavy resistance in Congress. They included a variety o[ "user higher postal rates, a vast S571 million disposal of commodities from the nation- defense stockpile, and Hie sale of Ihe government-owned Alaska Railroad for upwards n[ 5100 million. The Iwo controver- sial sales alone reprcscnle-.l much more than half hi-j planned surplus. The 1971 budget was the na. lion's first ID cross the bil- lion mark. Bulging government costs has caused serious slipp- age in tlic current liscal 1970 buJgel also, Nixon disclosed. Willi outlays pushing up to billion. Nixon said, (he planned surplus ot billion on Swreou of the Tllli BUDGET DOLLAtt as pictured by Nixon 
                            

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