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Newspaper
Biddeford Saco Journal
Location
Biddeford, Maine, United States of America
Date
Feb 01, 1960
Page
4
Thought for the evening emphasizes that the right thinker and worker executes best while guiding future generations, attributed to Mary Baker Eddy. The line champions thoughtful labor and enduring influence, framing intellectual effort as service to the ages.
Washington bureau reports Senator Stuart Symington accuses the Eisenhower administration of deceiving the public about U.S. military strength. He says the missile gap favors the Soviet Union, calls for expanded Atlas ICBM production, and warns a Deterrent Gap could appear without policy changes.
A discussion of the origin and use of the tax dollar, noting 52 cents from individual income taxes, 28 cents from corporate taxes, and 9 cents from other receipts. It outlines spending: 54 cents on national security and related areas, 11 cents on interest, with smaller shares for agriculture, veterans, and miscellaneous needs, and calls for more economical defense.
The piece argues that business groups and doctors alike should engage in political activity from city halls to the national capital. Dr Louis M Orr of the AMA warns physicians must address social economic and political issues affecting medicine and notes legislation expanding government health benefits could lead to government domination of medicine.
Washington speculates after Truman's remarks at a $100-a-plate dinner. Rayburn’s age and loyalty to Texas politics, Bowles’ ties to Kennedy, Acheson’s electability limits, Douglas’s coy runs, Stevenson’s shifting status, Harriman’s 1956 chances, and Morse’s outsider role frame a crowded field. Morse’s absence from the speaking lineup highlights the intrigue.
Senate mood runs for a flexible education bill with funds for school construction and salaries while states may receive direct aid. McNamara pushes 500 million over two years for schools. Clark urges higher teacher pay. parochial schools seek loans. a pay-as-you-go plan faces veto risk amid Ed Fleming and Derthick figures on teacher shortages and unemployment tied to education levels.
Thousands of investors face a profits versus income choice as blue chip holdings yield 2 to 3 percent while bonds and high grade notes offer five to six percent. A standout case shows a $500,000 portfolio with $12,000 in 1958–59 dividends and $140,000 reported capital gains, yet selling shares triggers hefty tax costs leaving the investor hesitant to reinvest.
Ruth Millett argues that Barbara Britton’s husband shops for her while the family vacations on their farm to keep her appearance in public view. Dick Kleiner cites this as chivalry and urges husbands to set standards for their wives’ appearance, while noting not all wives must match TV beauty but should maintain tidy looks.
Ray Henry explains core Social Security concepts and how benefits are calculated. The piece outlines eligibility, retirement age rules, spousal and survivor benefits, along with general financial planning tips for maximizing future payments. It emphasizes protecting benefits and understanding program changes.
Editor Ray Henry surveys leaders across business labor government and health fields to forecast the 1960s impact on retirement. He predicts stronger pension security better medical care and more adequate housing as government and organizations expand efforts.
The forum column urges choosing high quality bonds and preferred blue chip stocks for dependable income. It argues many blue chips are overpriced and stresses reinvestment, tax reserves, and diversified portfolios. Reader questions prompt answers on Social Security and retirement security developments for the 1960s, including boosted pensions and medical cost coverage.
A compact daily crossword featuring numerous across and down clues ranging from March themed entries to legal terms and geographic hints. The puzzle lists diverse wordplay including foreign language references, zoological terms, and classical literature, inviting solver engagement.
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