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Newspaper
Anderson Herald
Location
Anderson, Indiana, United States of America
Date
May 20, 1966
Page
2
Editorial warns that taxing power can destroy growth as New York faces a proposed stock transfer tax hike. It cites potential relocation of financial activity, 43,000 jobs, and a $625 million payroll, arguing overreach harms revenue and economy.
By Paul Harbaugh Elwood Call Leader notes cost increases since 1962 raise the proposed school's price by 325000 as higher rates and materials push delays through legal challenges. The editor urges faster action to spare Elwood taxpayers from further burdens and save money.
The Wall Street Journal notes Rural Electrification Administration troubles including a Colorado Supreme Court ruling that a new power plant financed largely with REA funds was illegal for duplicating services. The case and congressional criticism raise questions about loan directives and low-cost Treasury funds. Taxpayers could gain if Congress tightens subsidies and accountability.
Advice to a 33 year old family man earning 9000 annually: ignore gab session tips on low priced stocks American Motors and Brunswick. Seek a reputable dealer or banker, aim for strong growth, and consider Bristol Myers and FMC Corp as higher quality growth stocks. Consider switching Ohio Power preferred to American Electric Power common for better capital growth.
Russell Kirk argues Congress overextends education subsidies as Johnson seeks cuts, warning of looming costs from the Viet Nam era, college expansions, and Great Society programs. He notes half UC income from federal grants and urges focus on qualitative improvements and national defense needs.
Dr William Brady analyzes analgesics noting aspirin as the leading but not foolproof pain reliever. He warns of nausea, weakness, hives, and rare fatal poisonings in children, criticizes giving fever reducers to kids, and urges safer, nonpharmacologic fever care. He links high aspirin use to calcium deficiency and poor nutrition, urging readers to seek calcium-rich foods and avoid casual drug use.
Bob Kennedy and peers teach audience participation on WBZ Boston through a 90 minute nightly show. The host reads introvert extrovert test items, then screens calls on marriage and family topics. He links psychology laws to media success and promotes a psychology advertising booklet for readers.
A brisk salesman mocks a town elder, a doctor teases a fiancé, and a witty exchange unfolds between a large woman and a bus driver. A department store elevator scene has a tearful boy asking if a lady boarded without him. An old saying about family albums closes the piece.
In a tense confrontation Speaker John McCormack surrenders to Rep. Adam Clayton Powell in a test of will over the situs picketing bill. Powell, chair of the House Labor Committee, used the bill as leverage tied to civil rights provisions and Fair Employment Practices. McCormack risks weakening Speaker authority by avoiding direct challenge, signaling a potential parliamentary pocket veto dynamic. (c) 1966 Publishers Newspaper Syndicate
The piece recalls Navy reforms in 1842 under Secretary Abel Upshaw and President Tyler, instituting a fair daily ration for sailors. It lists approved items, a weekly value of 1.40, substitutions, and a 1½ pint weekly spirits allotment later discontinued in 1869. It notes inflation in whiskey cost since then.
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