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Newspaper
Cameron Herald
Location
Cameron, Texas, United States of America
Date
Dec 28, 1961
Page
6
Herald editors predict a strong 1962 with Alcoa’s leaders eyeing a turning point in aluminum demand. Milam County farmers boost modern methods, expect better crops, and building permits top $100 000 as local confidence grows.
Nine of ten workers face a 0.25 percent rise in 1962 Social Security, with employees and employers each paying 1.59 percent while self employed rates rise to 4.7 percent. Maximum earnings taxed stay at 4800 dollars. An employed worker at 4800 will pay 150 dollars in tax, up from 144 in 1961, with about 12 cents more withheld per weekly paycheck. Self employed at 4800 pay 225.50, up from 216 annually. The changes support four 1961 amendments expanding benefits and eligibility, including late retirement at 62, higher widow and dependent benefits, a higher minimum old age benefit, and easier qualification rules.
The piece contrasts American constitutional liberty with Communist theory. It asserts the Declaration of Independence grants unalienable rights and praises the U S system for unlocking human energy, while condemning Communism for reducing individuals to state-directed energy and endorsing terror to reshape human nature.
Alcoa executives Larry Litchfield Theodore Bossert and F J Close told the New York Society of Security Analysts that 1962 should bring higher sales and earnings. They cited reduced costs enhanced production efficiency large raw material and power reserves and 172000 tons of ready to bring on line smelting capacity as key long term advantages. They projected 1961 net income above 40 million and about a 10 percent rise in shipments in 1962 with stronger prices and demand across homes autos buildings and aircraft markets.
Gov Price Daniel appeals to all Texas sheriffs and police to enforce traffic laws during a 10 day holiday period ending New Year Day. He cites 88 predicted traffic deaths as the lowest estimate yet and urges headlights on daylight hours to reduce crashes.
Dear editor recalling farm life on a Johnson grass farm in 1961 he muses on record keeping for taxes and expectations for 1962. He argues farmers see a better year despite forecasts and explains why surplus management matters while noting the government’s spending promises.
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