Financing the deficit key to economy says Sylvia Porter
Sylvia Porter argues that the Kennedy budget deficit of 8.8 billion for the year ending June 30 should not alarm as inflation, but how the deficit is financed is crucial. She notes Treasury borrowing largely outside banks, with U.S. corporations and foreign investors purchasing securities, keeping inflationary pressure low for now while warning future financing matters.
MENTIONED IN THIS ARTICLE
New York
Kennedy
Treasury
U. S
The
Federal Reserve System
Federal Reserve Board
Martin
Dillon
Roosa
Walter Heller
U.S
Federal Reserve
Annual meeting of hospital certificate holders held Tuesday
The McGregor hospital will host its annual meeting for certificate holders on Tuesday at the hospital. Trustees will be elected during the session.
MENTIONED IN THIS ARTICLE
McGregor
Secretary Wanted With Punctual Start Time Emphasized
A help wanted notice seeks a secretary who can begin work on time and perform essential duties. The ad underscores reliability, promptness, and steady readiness to handle assigned tasks.
House Damaged by Fire at Reed Home on Tenth Avenue
Fire caused significant damage to the roof and second story of the George Reed residence at 717 Tenth Avenue SE Sunday. The blaze was blamed on combustible storage near a gas space heater in the attic. Pat Harrison, 16, found the fire and helped evacuate three Reed children, as Reed and Mrs. Harrison were away. The children were George 14 Kenney 13 and Susan 11. The fire was contained to the second floor and roof with smoke and water damage to the rest of the house.
MENTIONED IN THIS ARTICLE
George Reed
Tenth Avenue SE
Pat Harrison
Lee Etta Harrison
Reed
Ruling Deferred In Traffic Case
Judge Howard McLaughlin deferred ruling in a case against Rosalee Takacs a Chicago woman charged with failure to yield to an emergency vehicle after her car collided with a traffic investigation unit driven by Patrolman Steven Sedlacek on avenue NW near Edgewood road. Takacs testified she and her 12 year old brother did not hear the siren or see lights until moments before impact. The city argued the driver must see lights and hear the siren and act accordingly.
MENTIONED IN THIS ARTICLE
Howard McLaughlin
Chicago
Rosalee Takacs
Steven Sedlacek
Avenue NW
Edgewood Road
Takacs
No Progress Seen in New York Newspaper Strike
A series of city hall mediation meetings recessed at 3:55 a.m. Monday with no reported progress in ending New York's 52 day shutdown of nine major newspapers.
MENTIONED IN THIS ARTICLE
NEW York
Gantt Enrolled at Clemson Amid Security Controls
Harvey Gantt, 20, became the first Black student to enroll at Clemson College in South Carolina, as state authorities enforced strict security. He transferred from Iowa State University under court orders, while Clemson vows to appeal to the U.S. Supreme Court.
MENTIONED IN THIS ARTICLE
Clemson
S.C
Harvey Gantt
Clemson College
South Carolina
Iowa State University
Robert Edwards
Donald Russell
U.S. Supreme Court
Gantt
Damage suit against sheriff and principal in Brooklyn case
A $20 000 damage suit filed by Harry Kilmer on behalf of his son Carl against Poweshiek County Sheriff William Welsh and Brooklyn School Principal Herbert Haas remains under advisement after a non jury trial. Kilmer alleges harassment of the boy tied to fence cutting inquiries in Montezuma.
MENTIONED IN THIS ARTICLE
Montezuma
L. R. Carson
Oskaloosa
Harry Kilmer
Brooklyn
Carl
Poweshiek
William Welsh
Herbert Haas
Kilmer
Former Iowa Jaycee Head Killed in Fall
Max Hibbs a former state president of the Junior Chamber of Commerce died after slipping and falling on basement steps at his Marshalltown home. He was about 38 a prominent real estate businessman married with three children and Jaycee president in the late 1950s.
MENTIONED IN THIS ARTICLE
Marshalltown
UPI
Max Hibbs
Junior Chamber of Commerce
Hibbs
Jaycee
Five Bills Pass in Iowa House in 52 Minute Session
The Iowa House approved five measures and sent them to the Senate in a 52 minute session. Topics included a constitutional amendment on voter ratification of convention acts, readable public notices for county zoning changes, filing methods with county recorders, limited liability for assistants to auctioneers on title, and workers compensation benefits for minors without trustee supervision. Rep. Tom Riley sponsored the last measure.
MENTIONED IN THIS ARTICLE
Des Moines
UPI
Iowa House
Senate
House
Tom Riley
Cedar Rapids
Car Stolen Then Recovered Before Theft Report
A Cedar Rapids man recovered his car early Monday and then reported it stolen. Lowell Myers of route two said his vehicle was taken a mile east of Hunter airport on Highway 30. He found it three-quarters of a mile away with the clutch burned out and reported the theft at 6 45 a.m.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Lowell Myers
Route Two
Hunter Airport
Myers
City Attorney to Rule on Memorial Commission Property Sale
Iowa Attorney General says it cannot rule on legality of selling memorial commission land for an armed forces reserve center. The parcel sits within Cedar Rapids Memorial Stadium and Kingston stadium area, owned by the school district. County officials sought guidance. City Attorney David McGuire expected to issue an opinion by February 7.
MENTIONED IN THIS ARTICLE
Iowa
Memorial Commission
Memorial Stadium
Kingston Stadium
Cedar Rapids
Jack Fulton
Keith Churchill
David McGuire
McGuire
Churchill
Commission
Poetry in Pageantry could honor Engle at Rose Bowl
A two state effort seeks to honor Poet Paul Engle and Quaker Oats Co in the Rose Bowl pageant with the theme Poetry in Pageantry. Vern Hanson proposed the idea, sending letters to Cedar Rapids mayor Bob Johnson and Rose Bowl officials. Max Colwell of the Tournament of Roses thanked Johnson and said the suggestion would be considered.
MENTIONED IN THIS ARTICLE
Paul Engle
Quaker Oats Co
Bob Johnson
Vern Hanson
Cedar Rapids
Los Gatos
Calif
Hanson
Johnson
Eagle
Quaker Oats
Rose Committee
Max Colwell
Tournament of Roses
102 Year-Old Captain Buried Leaves 584 Descendants
Captain Wilson Kettle of Port aux Basques Newfoundland died at 102 and was buried Sunday leaving 584 direct descendants. He served as a local maritime figure with a long life spanning many generations in the community. The burial drew relatives and friends from the area and beyond to honor his family legacy.
MENTIONED IN THIS ARTICLE
Port Aux Basques
Mfld
Wilson Kettle
Night School Meeting Postponed This Week
The Keota adult night school postpones its next meeting to Wednesday evening at the school. Mr and Mrs Bob Greene of Ainsworth will discuss market hog grading at the event.
MENTIONED IN THIS ARTICLE
Keota
Bob Greene
Ainsworth
The Gazette Co. Cedar Rapids Admission and Pricing
The Cedar Rapids Gazette established in 1883 by The Gazette Co. publishes daily and Sunday from 500 Third Ave SE Cedar Rapids Iowa. Subscriptions are 45 cents weekly by carrier and 1.25 per month or 13 per year by night edition. 1.35 per month or 14 per year for afternoon and Sunday editions. No mail subscriptions in towns with Gazette carrier service. The Associated Press holds exclusive republication rights for local news and AP dispatches.
MENTIONED IN THIS ARTICLE
the Gazette Co
Third Ave. SE
Cedar Rapids
Iowa
Claes
U.S
Associated Press
Extension courses added at USU Elkader Guttenberg
Upper Iowa university announces six off campus extension courses. Elkader offers Contemporary poetry and prose and abnormal psychology to begin January 30. Guttenberg offers Mental health with Wednesday evening classes starting January 30.
MENTIONED IN THIS ARTICLE
Fayette
Upper Iowa University
Elkader
Guttenberg
Youth Is Nominee for Air Force Academy
Christian Bauer is among several candidates nominated by U.S. Rep. John Kyl to attend the U.S. Air Force Academy. He is the son of Mrs. Rudolf Hermann. Two boys will be selected.
MENTIONED IN THIS ARTICLE
Christian Bauer
U.S
John Kyl
U.S. Air Force Academy
Rudolf Hermann
Also Mentioned on This Page
Bypuno
Wie
Bruno
Vienna
By Sylvia Porter
Congress
Washington
Coats
Davis
Center Point Rd
Mt. Vernon Ave
C St
7Th
Marion
Second Ave
First Ave
May City
Lindale Plaza
First
St. S.W
N. Y
Rockford Road
Eighth Avenue
Fulton
the Gazette
Asst
Wilbur Bump
Engle
Fist Federal Savings and Loan Association of
Ovo Quaker Distilling CO
Lawrenceburg, Ind
USU
Youth
Maker
Cook’s Paints
Cook's
Reddy
MVUF
Gay
Electric Light ° Power Company P
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