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This newspaper page contains 11 articles. Subscribers can read the full text of each article.
Newspaper
Biddeford Saco Journal
Location
Biddeford, Maine, United States of America
Date
Feb 09, 1963
Page
4
Editorial page presents a Benjamin Franklin line urging removal of a single vicious habit each year to transform the worst man into something better. The note emphasizes moral progress through steady self-improvement and discipline.
An editorial review notes the 88th Congress will be crowded with tax reduction and reform as the President seeks a 13.5 billion three year cut, while Congress debates spending limits. Life magazine urges urgent labor legislation amid widespread strikes, automation fears, and union power challenges.
Howard Morgan vice chairman of the Federal Power Commission urges Kennedy to pick people of exceptional character as regulators face pressures from huge industries. He argues the core issue is timidity and personal security, not corruption, and stresses integrity over popularity to guard public money and resources.
Washington notes Charles de Gaulle blocks Britain's EEC entry while balking at the Kennedy Macmillan Polaris defense plan. U S officials insist on Atlantic unity amid Cold War pressures, citing ongoing ties with Herter and Merchant diplomacy and the Cuba missile crisis aftermath.
AP analyzes how new tax depreciation rules on wear and tear affect corporate profits in 1962. Faster write-offs lower reported earnings and taxes, but boost company reserves. railroads may show higher profits while steel firms cut net income. The change complicates comparisons with 1961 results and requires company-by-company examination.
New Yorkers miss their daily papers as a two month strike halts major publication. The column notes that radio and TV cannot replace the breadth of local news, ads, recipes, and community notices readers crave, stressing the unique value of the local newspaper to report on who died, married, or was born in their own community.
Babson Park Massachusetts examines the four major averages the Dow Jones, Associated Press, Standard and Poor's, and New York Times. He explains how the Dow industrials 30 stocks guide investor sentiment and notes adjustments due to stock splits and dividends. He reflects on market cycles spanning years and critiques the indexing method used since 1928 while discussing odd lots and short interest reported by the NYSE.
Paul Harvey argues the atomic bomb was a deliverance in 1945 and questions McNamara’s plan in 1963 to adapt nuclear strategy. He asserts a selective target concept would allow retaliation against Soviet military targets, pressuring leaders to avoid war. The piece weighs deterrence versus shared casualties and the presidency's role.
A long, opinionated piece argues about market signals from short sales and odd lot data, contrasts big vs small investors, and urges small savers to use established mutual funds or large insurance company stocks. It cites a Gloucester, Massachusetts father who warned against nuclear war and advocates cautious diversification.
Biddeford Saco Journal lists Adams Street Biddeford Maine as publication point with Paul Casavant publisher and T J Mahoney editor. Subscription rates prepaid are one month 1.85 six months 10.50 and one year 21.00. Associated Press status noted for local news and AP dispatches.
Crossword puzzle clues list across and down entries with varied wordplay. Includes definitions for homeward means, opposites, proper nouns, languages, and abbreviations. Some clues reference historical figures and place names, indicating a themed puzzle with mixed difficulty.
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