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Newspaper
Decatur Daily
Location
Decatur, Alabama, United States of America
Date
Jun 07, 1962
Page
4
Pulaski Tennessee, a progressive town about 50 miles north of Decatur, announces a new 2.5 million automotive shock absorber plant to employ 100 people. Construction will start in 30 days in the town’s 400 acre industrial subdivision, a major achievement for a town of Pulaski’s size.
The piece argues that acreage limits on wheat corn barley grain sorghum oats are needed to protect farmer income. It questions the meaning of independence from controls and warns that removing controls could crash grain prices, contrasting with cotton which benefits from a price floor. It asks readers to weigh whether grains should stay under controls.
The Tennessee Tombigbee route is favored over the Warrior Tennessee line. A May 1962 reply from Major General MacDonnell states the Mulberry Fork route would yield fewer benefits and cost more. The Warrior route costs are underestimated, and congress is urged to appropriate $1 million to begin construction. Kennedy supported the Tennessee Tombigbee plan.
Washington columnist Marquis Childs examines whether humans master or are ruled by modern technology amid jet age disruptions. He discusses aviation mergers, Pan Am's potential takeover of Trans World Airlines, and the impact on competition, government policy, and individual autonomy, highlighting Juan Trippe and Senator Monroney.
Living Today discusses that knowledge alone does not make mastery and that consistent diligent practice using that knowledge yields high quality performance. It cites Charles F. Kettering on pitching curves and notes Churchill’s long painting history while Ike suggests if Churchill had devoted more time to art he might have been the greatest painter.
The column urges scrutiny of war criminals living in the United States including Andrija Artukovic, now near Long Beach, and discusses Eichmann’s punishment, Croatia's wartime decrees, and calls for deportation of religious intolerance. It also covers airline industry finances and potential mergers amid safety concerns.
A Bell Syndicate commentary warns of margin abuse and bank driven risk in the May 28 29 1962 stock crash. It explains margin rules 70 cash 30 loan 25 equity minimum and outlines how overextended investors and bank loans amplified panic. It stresses caution against get rich quick schemes and the pigs and hogs metaphor.
The United Nations General Assembly resumes its 16th session to consider setting July 1 as independence day for Ruanda-Urundi. It may also discuss granting independence to Southern Rhodesia, with Archbishop Makarios addressing the gathering. The five-nation UN commission says Urundi is stable but Ruanda faces bloodshed and ethnic tension ahead of independence. It urges a voluntary aid fund and frontier guarantees from Congo, Tanganyika, and Uganda.
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