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Newspaper
Monahans News
Location
Monahans, Texas, United States of America
Date
Aug 18, 1966
Page
6
West Texans learn what national debt is who owns it and how it is financed as of June 30 1965. The piece explains war costs public programs and the role of savings bonds banks and government entities in holding debt with 22 percent owned by individuals 28 percent indirectly via deposits 20 percent by government agencies 7 percent by state and local governments and 5 percent by foreign investors.
The column praises Mrs. Baker for digging and supplying required information with Board of Directors assisting under difficult conditions. It notes her quick success and suggests a manager could further help. Also mentions Mary McCarty arriving to work with a tired look after a rainy Six Flags trip.
The letter argues that government debt does not reduce Americans disposable income, noting that a sovereign state can tax and print money. It claims the debt ratio has declined since wartime years despite rising gross debt, and urges prudent debt management by citizens who are creditors. Richard C. White signs as representative.
Jerry Miller of El Paso led Pecos Lions District 2-T-3 in a cabinet session outlining plans for the new year. About 106 Lions and ladies attended the banquet. Officers include Krista Thornsburg district sweetheart and Dixon as cabinet secretary with zone chairmen and deputies named across Texas towns. International Convention moves from Chicago 1967 to Dallas 1968 with Dave Evans set to become Lions International president.
In London the British Museum preserves the Rosetta Stone the Elgin Marbles and a First Folio of Shakespeare. The collection is so famed it prompts the remark that lucky are those who are unmarried independent and living near the museum.
Arthur Kennedy stars in Nevada Smith at the Corral Theatre. Kennedy, a five time Oscar nominee, discusses acting theory and the strong stage background shared by his co stars Steve McQueen Karl Malden and others. The film is produced by Henry Hathaway with Raf Vallone Janet Margolin Pat Howard Da Silva and Martin Landau. Kennedy’s daughter Laurie studies drama at Sarah Lawrence, as he guides her acting career.
Sp 4 Alfred Parr on a 43 day leave from Fort Bliss visits his parents Mr and Mrs W H Parr Jr after a year with the Army Special Forces in Viet Nam He describes tough duty working with an advisory group aiding South Vietnamese soldiers hauling supplies near Ban Me Thuot and notes Viet Cong road dangers and booby traps.
L. M. (Nac) Hudgins, Ward County Chairman for the reelection of U S Senator John Tower, will preside at a 7 30 p m meeting in the Thrift Room of the Texas Saving and Loan Building. Hudgins will outline fall campaign plans and Tower supporters are urged to attend. County Chairman J L Pinkerton will report on a regional workshop in Santa Fe New Mexico attended by he and Mrs Pinkerton under the direction of Ray Bliss National Republican Chairman and other party officials.
The newly dedicated National Geographic Society Laboratory in Nairobi will support archeological work by Dr. Louis S. B. Leakey and his team, with ongoing backing from the society since 1952.
A collection of practical fishing and hunting notes covers night crappie bites with shaded boat positioning, marlin line strength recommendations up to 30 pounds, hull cleaning instructions, and saltwater sinker guidance. It also advises on large game rifle calibers with handloads for polar bears and grizzlies.
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