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Newspaper
Decatur Daily
Location
Decatur, Alabama, United States of America
Date
May 29, 1962
Page
4
A sober forecast notes rainfall benefits Alabama farmers beating political rhetoric. It emphasizes soil moisture for crops and pastures, suggesting weather will aid farming more than current speeches.
A column contends the stock market is no longer the business barometer it once was and has been overdue for a major adjustment. It argues high valuations lack real value, notes safeguards since 1929 stabilize the economy, and asserts social security unemployment insurance and guaranteed deposits shield ordinary people while speculators may suffer.
The essay urges state leaders to support industry while stressing local effort. Tiny Lester, Alabama, in Limestone County, is highlighted as a model of community involvement. Morgan County residents pledge to help Limestone if needed to attract a textile plant that could employ about 600 people. The piece argues industrial life starts with local spadework, then broader state action, backed by intelligent enthusiasm and sound financing.
The Farm Bill moves through the Senate but faces stronger House opposition. It would impose acreage controls on wheat and corn similar to cotton, forcing farmers to accept limits by a two thirds vote or lose price supports. Government aid hinges on farmer approval to curb a five billion dollar surplus amid seven billion in farm commodities. Uncle Sam seeks order after costly chaos in grain programs.
Washington contends this year’s Congressional campaigns will focus on domestic issues over foreign policy. Senate and House adjournment is unlikely, leaving lawmakers as electioneering figures while debates center on Medicare hospital bills Estes investigations and business-government relations. Foreign affairs remain urgent, but the public will hear less on global strategy.
The text urges personal growth through daily chances to improve powers and character. It encourages meeting others, avoiding grudges, helping the discouraged, and choosing kindness to lift the fallen. It stresses training the mind, making sound judgments, and creating order to endure life’s troubles. Davidson.
In New York President Kennedy faced a somber visit with his 72 year old father Joseph P Kennedy who remains largely silent and unable to speak clearly. The piece notes his past role with the Securities and Exchange Commission and hints at impacts on family and policy insight.
John Exter notes that monetary policy, not wages or taxes, governs the economy through the Federal Reserve. The piece explains the Fed as a bankers' bank, the government's fiscal agent, and the manager of money and credit, capable of creating or absorbing money to steer growth. It also reports a Rome meeting of European and U.S. central bankers seeking harmony to stabilize the dollar and gold outflows.
John S. Phelps of Missouri was named by President Lincoln to govern Arkansas as military administrator on July 19, 1862, amid Civil War governance shifts.
Army Pfc. John T. Bishop of Cullman Alabama serves with the 25th Division's 27th Infantry Wolfhounds in Thailand. He joined in 1960 and trained in jungle exercises with Royal Thai forces as additional 25th Division personnel reinforce the Wolfhounds led by Schofield Barracks Hawaii. The piece also notes astronaut Colm Scott Carpenter's sea rescue after the Apollo era flight and recovery by the USS John R. Pierce and Intrepid via Grand Turk Island.
Melvin Harris Jr a personnelman third class in the US Navy son of Mr and Mrs Melvin Harris Sr Town Creek is serving aboard the anti submarine warfare support aircraft carrier USS Intrepid a unit that participated in the recovery operations of the Project Mercury orbital space flight on May 24 The Aurora 7 spacecraft carried Navy Lt Commander Mal.
Pfc. Thomas J. Bloodworth, son of Mr and Mrs James O Bloodworth of Athens 7, serves in Thailand with the 25th Division's 27th Infantry Wolfhounds. He joined the Army in September 1960 after basic at Fort Riley Kansas. A Tanner High School graduate class of 1953, he was employed by Teletype Corp in Skokie Illinois before enlisting. his wife Opal resides in Hawaii.
Woodrow W. Jackson Jr., commissaryman third class US Navy, son of Mr. and Mrs. Woodrow W. Jackson Sr. of Elk Mountain, is serving at the Pacific Missile Range headquarters at Point Mugu California. The PMR is under Navy control and provides range support for launching tracking and data collection in missiles satellites and space programs.
Delft, a town near The Hague in the western Netherlands, is renowned for its ceramic wares known as deftware. The craft links to local history and regional identity, drawing visitors and collectors to the city’s studios and museums.
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