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Newspaper
Amarillo Daily News
Location
Amarillo, Texas, United States of America
Date
Jun 10, 1958
Page
5
A New York report details weekly Treasury debt sales as the government seeks billions to meet maturing securities and fund deficits. It predicts borrowing will expand the public debt toward 290 to 300 billion, with debt ceilings raised and deficits widening into peacetime finance.
The article argues that a large government deficit will keep banks well funded to buy U.S. securities, sustaining the easy money era through the period. It predicts surging borrowing, peacetime deficits, and record public debt as government spending pours billions into business, benefiting borrowers. It also notes summer fashion advice about scarves and hats for sun protection.
An advertisement claims Dr Scholls Zino-nads remove corns quickly and give fast nerve deep relief. It recommends stopping corns before developing and easing new or tight shoes, with a note about separate medications. Available in Drug, Dept stores and 5-10 cent stores.
In New Delhi a police squad fired 23 rounds over three hours and killed the President Rajendra Prasad’s pet elephant that ran amuck during a morning exercise. Mahawat the mahout rode the animal as it surged, yet he escaped harm while police dealt with the threat.
A Labor Department spokesman urged a two year extension of the bracero program to admit hundreds of thousands of Mexicans to farm work this year despite unemployment. He cited past arrivals and said the program provides a temporary, adequate harvest workforce and supports U S relations with Mexico.
A modern low cost policy for families provides $5,000 for the husband, $1,250 for the wife, and $1,000 per child with conversion options to permanent insurance. Babies receive initial coverage, and premiums are described as realistically low with full term insurance paid up upon the holder’s death.
Texas Commander Warren Moore of Tyler said Billy Graham will probably appear at one session of the American Legion state convention in Fort Worth in August. Delegates elected Lee McGee of Huntsville as 2nd Division commander, succeeding James Wyn of Beaumont.
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