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Newspaper
Bennington Banner
Location
Bennington, Vermont, United States of America
Date
Jun 02, 1962
Page
4
The Bennington Banner notes experts agree small holders suffered most in the recent market drop. Analysts say little investors lack price stability, are easily forced to sell, and Wall Street has pressed stocks as hedges against inflation. The piece urges buyers to keep a year's savings in safe assets before purchasing common stocks, even blue chips.
The essay argues that stock prices have fallen since March and that optimism is misplaced. It criticizes the Kennedy administration for not balancing growth with timely stimulus, noting a 7 billion 1962 deficit and recommending strong measures such as a large cut in direct taxes to revive growth and confidence.
Warm trend brings better fly fishing in our end of the state with fishable waters improving as hatches grow and Red Mills Pond in Woodford sees trout stocking continues. Bodkin Bowmen begin revival after membership dropped from 100 to about 12 with plans to raise dues and lease a closer outdoor range near town.
Dick Jolivette says Bodkin Bowmen may donate 22 acres to the Green Mountain Council if a new location is found. The group lost members but has a history of state tourneys and venison prizes, with renewed meetings and calls for land leasing suggestions. A state fire law warns campers to secure fires April through November and extinguish them fully.
Hartland residents question Herbert G. Ogden and defend Gov. Keyser against Bond ratings and a veterans tax exemption bill. The writer cites personal experience in finance, calls for adviser accountability, and urges better communication with veterans groups.
The Northern New England Passenger Railroad Conference urges forming a service corporation to run trains across Vermont New Hampshire Massachusetts and Maine. Flanders says subsidies from local to federal levels will be needed and labor rules may differ from freight contracts.
Voters in Bennington and Shaftsbury approved a union high school district for grades 7 through 12 by a wide margin. The piece notes strong support across four districts, outlines steps for state recognition, district meetings, and future bond authorizations, and commends the sponsors for thorough planning and public education efforts.
F B Alexander argues in a Washington Post letter that the Young Businessmen's Club in New Orleans erred by canceling a Soviet Embassy speaker. He scorns timid anti Communism as un American and urges open dialogue to bridge East West relations. He recalls his Russia visit and challenges those who fear discussion.
The St Louis Post-Dispatch condemns a patent for a fragile glass bottle filled with a harmless chemical froth to replace real champagne in ship christenings. The piece argues a true christening requires a breaking bottle and warns a phony vessel will mislead.
AP reports that analysts see the recent stock slide as a confidence crisis sparked by newcomers who overvalue shares. Executives expect an orderly shakeout could help if public trust remains, though fear of reduced consumer spending lingers. A separate Family Weekly quip notes the mother left to nurse a wounded relative, glimpsed in a comical letter.
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