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Arkansas City Traveler Newspaper Archives Dec 20 1965, Page 5

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Arkansas City Traveler (Newspaper) - December 20, 1965, Arkansas City, Kansas The Arkansas City ran daily traveler monday december 20, 1965 Page 8 classroom decorated a students at Jefferson school Are Busy decorating for the Christmas season. Pictured above Are four students of teacher Bill Copeland not pictured As they add finishing touches. From left to right Are Roberta Hawkins Joelyn Balderson Jeff Knott and Bruce Ard. Brown photo Viet War to be George Viele Congress Issue rides set Washington a congressional leaders Are in general agreement that the dominant Issue in the session convening Jan. To will be the Viet Nam War. Sharing the spotlight in what May be a Long and bitter session will be labor legislation the administrations a great society programs and perhaps taxes. Many members took and Van Tage of the fall recess to visit Viet Nam. They returned with conflicting opinions on How the War is being conducted and their differing views should touch off Sharp debate. There is Little that Congress can do about How the War is being fought except to appropriate Money to foot the Bill. But the fact that it is being waged and is costing a lot of Money will be reflected in con savers will feel effect of interest hike by Sam Dawson a business news analyst new York apr Many savers As Well As borrowers will be affected by the Rise in interest rates. Thrift institutions Are beginning to bid higher for the Money that savers Cai Deposit. What the higher costs of borrowing might do to corporate and consumer plans As a result of the Federal Reserve boards raising its discount rate to 4tt per cent from 4 per cent is being debated before a congressional committee. The discount rate is what the fed charges member Banks for Loans. This sets the trend for Bank Loans to the Public. But across the country a number of savers a if they have enough Money a Are being Tole they can get More returns from now on if they leave their Money with lenders for a specified length. In a few instances the yield already has risen to the new Ste per cent ceiling. Savers also can buy Bonds now and get higher yields a because they pay less for them even though the interest rates Are fixed. And new issues of Bonds Are expected to carry higher interest rates. Commercial Banks Mutual saving Banks savings and loan associations Are getting into the fight to lure in More depositors or at least hold their own. The fed says it deliberately left the 4 per cent ceiling on what member Banks can pay on regular or passbook savings accounts which can be freely drawn upon. It says this was to keep from harming other kinds of savings institutions. But it raised to 5v4 per cent from 4v per cent what its member Banks could pay on certificates of Deposit and certain other time deposits. These Are of Large denominations and in the past have been used mainly by big corporations or financial institutions with a few millions of Idle Cash they can tie up for stated periods. Now some commercial Banks Are lowering their rules on size so As to tot individual savers buy smaller denomination of certificates of Deposit a under stiff conditions which Many an Ordinary citizen probably can to meet. The smallest size sold often is $2,500, and the Money must be Toft in the Bank for a definite time a More than 90 Days usually More than 90 Days and often far six months a a year. About 90 Large Banks account for More than two thirds of the gift billion of such certificates outstanding. The fed thinks that smaller Banks will now enter the Market especially with nonnegotiable certificates for individual rather than Corpora Side ration of nonmilitary legislation. A one of the Basic issues a said rep. Gerald r. Ford of Michigan House Republican Leader a will be the need to curtail no defense programs. We Are face to face with the decision Between guns and butter. The War is real and we must pay for a but some other programs a Ford added in an interview a while perhaps worthy do not have the same top priority. We must take a hard look at the a great society measures rammed through during the recent session. They Are expensive and will continue to be expensive. We republicans Are going to try to Cut Down some of this unnecessary spending. A we Are going to solidly oppose any new taxes a Ford said. Said Mills Quot if Federal government spending is held under reasonable restraint the growth of the Economy will both make possible and require periodic tax House speaker John w. Mccormack d-mass., said in an interview he leaked for no division in Congress Over foreign policy. A the people of the country Are United behind the presidents leadership in foreign policy particularly in Viet Nam a Mccormack said. Mccormack said he believed major Domestic issues would Center on legislation to increase and broaden minimum wage coverage improve the unemployment compensation program and a to strengthen America by carrying out important programs enacted last another labor Bill the House passed measure to ban state Laws prohibiting Union shop labor contracts will be a sizzling Issue in the Senate. It was dropped in that Branch this year after a Short but effective filibuster but is still alive. Retired k6&e employee Dies Sofia Roy George v. Vieto 506 n. Second st., retired operator for Kansas Gas so electric co., died at 3 10 . Saturday of a heart attack at his Home. He was born March 22, 1896, at Blair neb., and at the age of four he moved to Caldwell where he was educated. He started work with the old Northern state Power co. At Sioux fails s. D., and then joined pkg amp eat Cherryvale Kan. He came to Arkansas City with pkg amp a in 1984 and retired april i 1961. He was married March 12, 1017, at Webster City Iowa to Myrtle m. Russell. He was Active in the Crescent Lodge 199, a. F. Amp a. M., and was Active in assisting with masonic committal services Here. He was a member of the Wichita consistory and shrine at Wichita. Survivors Are his wife of the Home a daughter mrs. Carl Dorothy Hall Wichita a granddaughter two Sisters and a brother mrs. Jerry Bobek of Caldwell mrs. Elizabeth tay Lor of Oklahoma City and James b. Viele of Sedan. Funeral services will be at to a. In. Tuesday in the erd Man Oldroyd Chapel with or. Clarence Hamm of the first methodist Church officiating. Interment will be in Riverview cemetery with masonic committal services by Crescent Lodge. There s in Calcite of swivel Rock Bis tor every decor at Parman lbs Erhard open talks today Washington apr West German Chancellor Ludwig it Nard and president Johnson open two Days of talks today with the emphasis on Germany a efforts to gain a larger role m Europe a nuclear defences. Inc germans have no nuclear weapons and rely on the North Atlantic treaty organization As a deterrent against what or hard has said Are 1,000 Middle Range soviet missiles aimed at Western Europe. Erhard was expected to present a plan for expanded control of those nuclear weapons now in Western Europe. Administration officials knew in Advance the Broad outlines of his proposal but declined Public comment until after Erhard fills in the details. As understood prior to the germans arrival this would involve general support for the British idea of an Atlantic nuclear Force a and. The Erhard envisaged Force As understood in Washington would be a Fleet of american and British submarines equipped with Polaris missiles and Jolly owned by interested nations. At the outset this probably would include the United states Britain West Germany. Italy and the Netherlands. Thus three nations a Germany Italy and the Netherlands a would have a bigger say in the use of nuclear weapons. Among those with Erhard Washington Are foreign minister Gerhard Schroeder and defense minister Kai Uwe Van Hassel they arrived late sunday afternoon and were greeted by vice president Hubert h. Humphrey and Secretary of state Dean Rusk. A state dinner was scheduled at the White House tonight. Antarctica a glaciers often move at the unusually Swift rate of 600 in Yards a year. 6 30 Tonitte urme an. Jocund an i fit Lovely filmy feminine Nylon Negligee amp gown sets in Nylon Tricot. Lace trimmed. Thrill her with a aet for Christmas. Colors White pastel Blue Pink and yellow. Sizes Small medium amp Large. 14.00-16.00 jouster5 choose from our collection of Lovely roles and dusters in Amel Jersey Tacoma fleece Nylon quilted Cotton Satin prints and Corduroy. All top Quality from lounge Craft Evelyn Pearson Lisanne Clair Tiffany and others. Priced from a abandon yourself to Blue Gross Elizabeth ardent a laughing lilting Flower Happy fragrance is timeless As a dream of summertime Cooling As breezes off the Flower Fields of Grosse where it All began. Wear Blue grass in Gay profusion every Day every Way Shower it powder it Spray it Mist it spend the summer Flower kissed in it Blue grass. Blossoming now at Fine stores everywhere. Blae Gross de luxe perfume 8.50 up dusting powder 3.00 and 5.00. New Spray. 5.00. Perfume Mist 6.00. Flower Mitt and 5.00. Not shown 3 cakes of Bath soap Sjo. Bath Oil essence 5.00. All plus tax the perfect gift of Rich French perfume oils to give a Subtle lift and a feeling of luxury. Golden Bath Oil is beautifully packaged in a Pale Pink Glass bottle with Golden Cap. Attractively gift boxed. 6-oz. £3 aft 12-oz. Size size Santa will be in to land monday t tuesday evenings at 6 30 bring the a Little one Quot for e visit�?3rd floor by Kadin 3rd floor to land genuine top Grade leather carefully select to bring you the ultimate in Quality appearance and service. In Black and nary $8.98 $26.00 Jonathan Logan a Jet set who wants to beat the Toreador at his own game wears too % d o u b i a knit Wool a a a line Skimmer trimmed in delicate Wool loops. Free gift wrapping

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