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This newspaper page contains 16 articles. Subscribers can read the full text of each article.
Newspaper
Anderson Herald
Location
Anderson, Indiana, United States of America
Date
Jul 20, 1962
Page
2
The Pecos Independent sues Estes era Pecos Daily News claiming unfair methods aimed to crush competition. Depositions set next Monday in Pecos after Estes past week sold the paper for 9250 dollars and debts.
The wave of opposition to a 220 percent federal withholding tax on dividends and interest dwarfed expectations. Critics say the tax is complex and costly, hits lower income brackets hardest, and undermines long term goals like education and retirement. Alternatives include IRS processing upgrades and tax education to curb evasion without penalizing the many for a few.
The Snake River dam issue in Idaho pits private power against federal action. The Interior Department favors a federal license while private groups push a $275 million dam project, with salmon protection promised. Critics warn of tax payer expense and rising debt, urging accountability for government spending.
Demographers warn that world population growth outpaces food and resources in nations like India and Red China. They say the United States pours vast aid, but rapid birth rates dilute progress and threaten enduring poverty, calling for a strong educational program on birth control in underdeveloped countries.
Northwest of Anderson residents recall a promised tough policy on vandalism to rural mail boxes after a car load of youths damaged multiple boxes. Witnesses chased the vehicle to Frankton where youths were identified, but little official action has emerged since late last week.
A United Arab Airlines Comet jet carrying 26 aboard was reported missing en route from Hong Kong to Bangkok. Officials said the 26 include 18 passengers and 8 crew, with last contact 45 miles from Bangkok as the flight scheduled to land at 10 15 p m local time. Authorities prepared emergency measures and coordinated search efforts.
Roscoe Drummond argues the Kennedy administration seeks a federated Europe with the United States as a unified Atlantic partner. He cites Adenauer de Gaulle Marshall Plan and NATO as precedents and urges timely steps to strengthen interdependence with a broader European unity.
An elderly psychologist notes Arnell aged 4 visiting a farm, an inflamed eye treated by father, Arnell’s outbursts and blame shifting. The write up discusses projecting anger onto others, then links to Atlantic partnership themes and safety valves through verbal venting. It cites Project Handclasp aid via U.S. Navy and mentions writing for Dr. Crane.
Southern Indiana sage Horatio Beanblossom offers luck maxims while notes on Project Handclasp link aid to Meals for Millions and World Vision. The piece lists Polaris submarines in commission and under construction, with names like Grant and Stonewall Jackson, and ends with aphorisms on self judgment and fault handling.
Readers seek guidance on monthly investments of 50 to 100 dollars and on adjusting a stock portfolio for better income. The column notes mutual funds' higher sales charges, suggests Monthly Investment Plans, and offers starter picks like Corn Products and American Hospital Supply. It also weighs selling low-yield holdings such as Abbott Labs and General Telephone to buy General Motors Union Pacific Standard Oil of New Jersey and Duquesne Light for higher income.
Johns-Manville Corp. reports 1962 first-half sales of 183.96 million dollars up from 173.08 million in 1961. Year-to-date earnings total 10.881 million dollars or 1.28 a share, versus 10.384 million or 1.22 a share in 1961. Second-quarter sales set a new record at 106.006 million, with 7.828 million earnings or 0.92 per share, after adjustments reducing fifty-six cents per share for depreciation changes.
Dun and Bradstreet reports 7 percent drop in business failures to 1,281 in June marking the second consecutive monthly decline. Improvement centered on medium sized trade and construction firms across the country.
Paragraph outlines Colombia plans to boost fruit and tobacco trade under a new development plan. Banana exports are projected to grow from 14 million to 42 million dollars by 1970, with cot ton and tobacco also set for large gains. The 1900 Galveston flood is noted for water rising a foot per second and 56,000 deaths.
Interpreting the news by J M Roberts notes Khrushchev often lacks a single definitive solution to East West tensions. He argues the Cold War persists with shifting blocs and rising European economic unity, as the U S and allies may shape world trade and raw materials through costly confrontation.
A reader mail column from Beverly Hills questions modern high blood pressure remedies and criticizes sphygmomanometers and new drugs. The note urges physicians to trust clinical judgment over gadgets and warns against nostrum medicines while inviting brief, stamped replies to Dr William Brady at 265 El Camino Beverly Hills California.
A fragmented biblical meditation urges readers to ask why only the curious and diligent seek truth through study and experience. It argues that intelligent use of reason proves beliefs and knowledge.
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