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Newspaper
Corry Evening Journal
Location
Corry, Pennsylvania, United States of America
Date
Jul 25, 1958
Page
4
Corry Journal lists advertising staff and AP affiliation details. It notes mail subscription rates nine dollars yearly and carrier seven cents per issue. Display advertising deadline is 9 p.m. prior to the publication date.
A pointed editorial argues that, after the Lebanon conflict and Marine landings, Congress should restore the full over 3.6 billion dollar aid appropriation. It warns against cuts, cites UN police мисsion, and asserts mutual security as the lowest defense cost.
Senate Armed Services panel presses for approval of a defense reorganization plan with concessions to the President. If approved by the Senate version, it returns to the House for possible passage, granting the President broad instantaneous defense powers and making the Defense Secretary the supreme officer, while preserving some protections for Marines Naval Aviation and National Guard and granting direct access to Congress.
Hal Boyle reports on Mel Hunter star of World of Giants a six inch secret agent who shrinks after exposure to a missile fuel and operates from a briefcase as a spy hunter. CBS bets four million to rival Wagon Train with the Bureau backing the unlikely hero in a top rated season headlined by a new era of television fantasies.
The market rallied on the Iraq rebellion and anticipated disruption of Arab oil flows. Wool, cottonseed oil, sugar futures, metals, and rubber led gains while potatoes lagged. Traders say war appears imminent as they respond to potential transport disruptions and geopolitical risk.
A military plane crash near Bogotá Colombia killed 37 people and injured over 100, narrowly missing President Alfonso Lopez and his entourage by 65 feet. The incident prompted officials to inspect surrounding areas and coordinate emergency response.
Frightened horses pulling F L Heath's mill wagon crashed into a new auto on North Center street tearing its top. No injuries reported. Maude Thornton and Reed depart for Army hospital Otisville NC before overseas duty. Corry Electric Light Co seeks 10 percent rate increase from Pennsylvania Public Service Commission. Edward St Pierre and William Frew sell Ajax building clothing stock to A Schaap and Sons.
Congress considers raising social security taxes and benefits as the fund now runs red. The present maximum deduction would grow from 894.50 to 1200 per year after New Year’s with an increase for all workers. Employers would share the higher expense, while inflation drives higher old age and disability payments to offset fixed incomes.
The fund’s holdings of treasury bonds reached about 22 billion as benefits and rising life expectancy strain reserves. Critics warn of a drain if more people claim old age benefits, while Congress is expected to raise taxes. The insured base expands as life expectancy grows from 12 million retirees in 1950 toward an estimated 16 million by 1960.
Marion G Wise 70 of Tampa Fin returned to Union City area and was involved in an auto farm tractor collision on Mitchell road three miles south of Union City. The tractor driven by George Maleski 13 caused the crash around 11 45 am. No injuries reported and auto damage estimated at 75 dollars.
County officials report 55 000 spent on office space costs for agricultural and school offices. 42 756 was used to buy and remodel former state senator Bias home, then 12 315 more on an emergency bid. Analyzed overruns exceed last year’s justified cost by about 25 000 amid disputes over first floor access and remodeling plans.
Earl F. Johnson, 71, former GM vice president and director, died yesterday. He served as vice president of GM’s Dayton Ohio division and the Eastern Aircraft Division during World War II.
Robert Lee Chase, imprisoned in Allegheny County Workhouse for indecent assault on a young girl, had his attempt at reducing a 14 to 3 year term rejected by Federal Judge Rabe J. Marsh after earlier Erie County courts refused similar appeals.
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