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This newspaper page contains 8 articles. Subscribers can read the full text of each article.
Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jan 18, 1955
Page
4
The new 62.4 billion dollar budget for the year starting July 1 projects a 2.4 billion dollar deficit despite a planned one billion decline in outlays and a one billion rise in receipts. Defense spending and foreign construction weigh heavily as Democrats argue for stronger security measures amid ongoing deficit financing.
Governing bodies of seven cities push 15000 for engineering surveys and legal work to form an authority to manage High Rock lake and Yadkin River water supply. Critics urge careful evaluation of engineering riparian rights pollution and long term feasibility before proceeding.
Governor Hodges transfers the highway commission's 150 million dollar road bond and tax increase plan to the Legislature. He seeks additional facts and six questions before backing the proposal, citing the need for engineering data and state finances.
George SokolsKy argues Congress must decide whether to adopt a tariff that subsidizes the export of American capital. He contrasts Big Business globalist interests with small manufacturers relying on American labor, warning that subsidies could erode domestic industries and shift production to Canada or abroad.
A group of American investors proposes private capital funding Latin American development projects in New Orleans forums with Latin American firms. They argue private investment can spur growth faster than government programs and urge U S and Latin American reforms to ease trade, protect holdings, and loosen exchange controls.
Senator Nelson Woodson follows his father Walter Woodson Sr. as chair of the Senate Finance Committee, with budgets rising from 25 million dollars in 1927 to about 637 million state funds in 1955, plus around 843 million including federal aid. The piece traces NC’s evolving public services and values across decades.
Washington columnist mocks political obsessions as Admiral Lewis L. Strauss of the Atomic Energy Commission dominates a National Press Club gathering. The piece pokes fun at resignations, press interpretation of information, and asks about uranium stocks while noting Strauss’s humor and public posture.
Reginald Maudling argues against fearing prosperity and warns against sacrificing jobs for reciprocal trade. Robert Byrd criticizes pressuring American business and labor. Defense Secretary Wilson favors a strong air force, while Bertrand Russell asserts the communist and non-communist worlds must live together or die together.
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