Page 1 of Jul 1 1958 Issue of Mount Pleasant News in Mount Pleasant, Iowa

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Mount Pleasant News (Newspaper) - July 1, 1958, Mount Pleasant, Iowa The it. Pleasant news cooler these Days by George e. Sokolsky the Gold discussion it is becoming increasingly Clear that the trend in the world is a return to the Gold base for currency the questions then arise How much Gold base does the United states own absolutely can we switch our currency to a Gold base what effect will it have upon the american Economy if soviet Russia goes on the Gold Standard or establishes a Gold Export rouble now it turns out in testimony before the Byrd committee of the Senate that when the International monetary fund was established the United states paid 2b per cent of its subscription in Gold. Randolph Burgess testifying concerning this said Quot Back of All this talk about no More Gold. And so Forth there is a real desire on the part of most people to get Back to Gold As the eventual value. It is a very interesting thing that this monetary fund which was set up after the War. With a lot of very theoretical economists and so on. Maynard Keynes and Harry White what they finally came Down with after All their discussions was that they had to make it in Gold they had to base it on Gold vol. 80, no. 154 it. Pleasant Iowa tuesday evening july 1, 1958 by Carrier 39# Par week by mall $7.so per year Alaska celebrates recognized for 30 years perfect club attendance the to Triumph of free men a hundreds of cars Are lined up on the Mackinac Bridge at St. Ignace Mich when a traffic Jam developed after the dedication of the Bridge. Traffic on the $100,000,000 Span which links the upper and lower Peninsulas of Michigan was stopped for two hours saturday during the ceremonies. Secretary of the army Brucker delivered an address at the ceremony on behalf of president Eisenhower in which the president described the Bridge As a Triumph of free up telephoto so the International monetary fund set up by John Maynard Keynes and Harry Dexter White was established with Gold that the american people thought was at fort Knox. Furthermore the West germans tied their Mark to Gold and were Able to subscribe $100,000.-000 m Gold to the International Bank. So senator George Malone questioned under Secretary Randolph Burgess of the Treasury department about How much Gold the United states possessed. We Start off with the figure $22,600,000,000. Of this amount $9,500,000,000 was earmarked for foreign nations up to the amount of their Dollar balances this leaves the United states $13,100,000,000 absolutely but $7,500,000,000 is in the hands of foreign nationalists leaving free and Clear tor the government of the United states $5,600,000,000 As of the Date of the hearing which was August 1957. A it g o in this discussion Between under Secretary of the Treasury Burgess and senator George Malone it was j finally agreed that certain factors indicated above Cann be omitted j from these intricate calculations they accepted the figure of $16,246,000,000 As earmarked. Thereupon. Senator Malone asked if that would leave a balance of about $6,500,000,000 of Gold absolutely the property of the United states. To this Burgess replied a yes that is about right senator Malone pursued the subject in to following question a and that is not quite enough to meet the 25 per cent Reserve requirement that the Law requires behind the $27 billion or $28 billion in currency in circulation today is it a a i Burgess. That is thereupon senator Malone put it All bluntly in thus summary inasmuch As we owned a majority of All the Gold in 1933 done to you think it was the intention of these foreign nations right from the beginning to get it away from us by making us feel that Gold was unimportant a then when we went off the Gold Standard in 1933 and priced ourselves out of the world Market through inflation and gave them the Money to buy Mast of our Gold then they May Start emphasizing the importance of Gold again a one of the effects of this condition both the senator and the under Secretary of the Treasury agreed was that in 10 years from 1 y47 to 1957, the Dollar last More than half of its value in purchasing Power so that wages were really lowered. In a word $10 a Day in 1947 is equal roughly to $4 a Day in 1957. The following discussion is pertinent senator Malone. And you lowered the purchasing Power of the Dollar to less than half you had about $4 a Day in purchasing Power. A or Burgess. That is Riff fit. A a senator Malone. And that is the reason for increase in wages continually. That is the major reason and the real necessity for increasing wages pensions and annuities of various kinds that the government pays and that the individual is living on. Is it not tax income shows drop of 8 million blast releases water into St. Lawrence Seaway Des Moines up a the Iowa tax commission announced the state s tax income in the fiscal year which ended monday dropped some $8,579,533 to $127,390,923. The major decrease was in the sales tax collections. The sales tax take under the 2 per cent rate this year was $65,565,688, compared with $74,849,362 in the fiscal year ending a year ago. The rate was 2 4 per cent then but gov. Herschel c. Loveless trimmed off a half per cent of it. With his controversial veto of the legislature s fiscal program a year ago. The veto also Cut the income tax rate slightly but the individual income tax take still went up $352.-167 to $29,186,818. While the sales tax income was lower than a year ago. It was still higher than state comptroller Glenn Sarsfield estimated it would be. Sarsfield had predicted the states sales tax Revenue under the 2 per cent Levy would be $119,976,543 tire income for this year. $127,-390.923 compared with $135,970,-456 for the fiscal year which ended june 30, 1957. A a o the commission collected the following amounts compared with the earlier fiscal year listed second retail sales a ,$65,565,688, $74,-849.362. Down $9,293,674 use tax a $11,205,558. $12,251.-978, Down $1,046,419 individual income $29,186,818. $28,861,650. Up $325,167 corporation income $3,232. 354. $3,905,262, Down $672,000 cigarette a $7,602,545, $7,331, 796. Up $270,000. Beer a $3,095,254. $3,141,859, up $46,000. Inheritance $7,286,145, $5,492,-235. Up $1,793,000. Chain store $115,930, $30,248, up $85,000. Equipment car a $110,629, up $4,567. Massena. By. It up it the Conquest of the St. Lawrence River reached a thunderous Climax today with the explosion of 30 tons of dynamite that sent a mountainous Wall of water into the Long awaited Seaway and Power development. A 600-foot cofferdam was demolished in the massive blast which hurled dirt and rocks hundreds of feet into the air and unleashed a torrent of River water in a 25-mile Power Pool an integral part of the giant construction project. C. F. Hayes was honoured it monday night meeting of that tary club at the Brazelton hotel for 30 years of perfect attendance in rotary. An engraved plaque was presented to or. Hayes by club president George Stanley. A Colum Bush received a standing ovation from the membership present. Three new members were initiated into the club. They were Joe Davis John Bobbit and Robert Gibson. The initiation was conducted by Leon Opperman assisted by Ralph Taylor. At the conclusion of the meeting Lyle Burroughs new president tor the coming year was presented with the Gavel by George Stanley outgoing president. Guests at the meeting were William Livingston of san Marcos Calif and Robert of it. Pleasant. Central states elects r. F. Lundy Russell 1 i Undy of Des Moines an insurance exec live Over nearly 30 years was elected to the Board the Canadian and american shores a touch of drama was provided by nature with a series1 of electrical storms. I i the a inundated Lake Quot Marks the culmination of a Century old a a skipper a dream Quot of opening the great lakes to Ocean vessels and the creation of a huge Power development. The blast ended a billion Dollar four year construction Job which opened a Quot fourth coast Quot to Ocean shipping and the world s second largest Power Plant. The Seaway consists of a 27-foot onrushing water cascaded into1 Channel which eventually will be Barnhart Island dam two Miles abj0 to accommodate 85 per cent away minutes after the blast 0f the worlds ships. The Power which was signalled in a a count i phase is scheduled to go into Par Down marked by Brilliant Rock tial operation this summer. The ets and bomb explosions. I Seaway however will not be open to Ocean ships until next Spring. Thousands of visitors jammed cuban rebels Kidnap additional americans Corn a Good to excellent Washington it up it a Senate Republican Leader William f. Knowland demanded today that the United states give cuban rebel Leader Fidel Castro 48 hours to return kidnapped americans or else. The a for else Quot would be to Send Des Moines it up it . Army and equipment to j 1958 Corn crop continues to be Cuba to give president Fulgencio 8��d to excellent Batista the help he needs to maintain peace and order. Mrs. Alta Howe taken by death mrs Alta Howe died monday. June 30 at 3 30 . In it. Pleasant where she had resided for a couple of years. She was born october 30, 1881 in Van Buren county the daughter of Johnson and Mary Margaret Davidson. On june 16, 1904 she was married to or j. M Howe who passed away in March 1943 she is survived by two daughters and one son mrs. Florence Bellile of Santa Ana. Calif Lawrence Howe of Cedar rapids and mrs Wilma Doan of Hillsboro also two grandsons Milan and Galen Bellile of i a City and one sister. Mrs Ethel Shelman of Washington she is a member of the methodist Church a 50-year member of the Royal neighbors of America and a lifelong resident of the Hillsboro Vicinity. Funeral services will be held thursday. July 3. At 2 . At the Hillsboro Baptist Church with o t. Wilson of it. Pleasant in charge. Burial will be at Hillsboro the body was taken to the Waterman moral Home in Salem Anchorage. Alaska up a even dangerous Dan Megrew who whooped up some Good ones at the old Malemute Saloon Back j in 98. Would have to go some to i keep Pace with the Alaska statehood Celebration which continued through the night to the Light of the Midnight Sun and Alaska which will take Over Texas ranking As the big j Gest state in the Union showed ii wants also to make a Piker out of the Lone Star state when if comes j to doing things in i big Way. Statehood offers new Frontier Fairbanks entire River the flows through the kind of Dye used operations at sea to have made Tiv River but the chemical Tion of the water caused Titi ens coloured an Chena which City. With the tor air Rescue the Dye was Chena a Golden Coin Posi the Dye Lundy Iowa s in condition and about a third of it has been cultivated for the last time crop officials said today. They also said however the Corn Borer infestation is a much More of a problem this Yaar than it was last year. Spraying for Corn borers judge looks at Bear and gives it new Home of directors and named chairman of the Board at the recent annual i meeting of Central states Mutual insurance association Here. Other officers were reelected and Are president. E. A. Hayes vice president r l. Jones Secretary Howard Hills assistant Secretary and treasurer. Glenn Smith. John Poulter Wauwatosa wis., and Lloyd i Indell. Winfield whose terms expired were reelected to the Board of directors. Reports disclosed an increase in volume of business for the year giving the association the largest volume m its history. Lundy is widely and favourably known As a member of the Iowa state Highway commission he received his a degree from the University of Iowa and his from the University of South Dakota he practice Law at Yankton from 1928 to 1936 and during that time was a partner with Leonard Feldman a former it. Pleasant resident Lundy has been engaged j in the general practice of Law in Des Moines since 1946. He has served As president Man Ager vice president and Secretary i of insurance firms at various times through the years since 1928. He expects to come to it. Pleasant regularly for Board meetings and monthly staff meetings. To turn from Gold to Green. But to statehood Happy Sperat acors. The color did t matter and As far As they were concerned june 30 was the Day that Green became Gold. O o of a Anchorage celebrants built a Bonfire of 50 tons of crates a ton for every state and Hawaii and pow owed around the flames. An Anchorage fire department i Hook and ladder company hoisted pretty Rita Martin Queen of the 1958 fur rendezvous High so she could pin a giant Gold Star on a 40-bv60 foot Flag draped across the Federal building. And in one Jam packed Saloon after another it was Quot whoopee. J the drinks Are on the the a red dog at Juneau sporting an i 1898 Juke boxy and still in working j condition a badly needed some fresh sawdust on the floor this i morning. At the last Chance in 1 Anchorage table tops needed a new coat of Wax where the dancing dollies pounded their heels to a mixture of ragtime and Rock Roll. Washington it up it Alaska emerged onto the threshold of statehood today to a Sunburst of predictions it will open a vast new Frontier for expansion of americans population and wealth. A in Ous statehood supporters their 42-year fight nearly Over could hardly believe it when the Senate passed the statehood Bill monday night by an overwhelming 64-20 vote unprecedented celebrations broke out in Alaska where a River was dyed Gold bonfires roared skyward and a Beauty Queen astride a fire ladder pinned a 49th Star on a 40-by-60 foot american Flag. Administration sources said president Eisenhower is certain to sign the Bill a major Triumph for one of the top items on his legislative Agenda. The House previously passed the Bill and the Senate vote sent it to the White i House. The territory still must approve statehood in a referendum this fall but this was labelled a a sure thing Quot by statehood backers. A proclamation by the president after the referendum will formally Complete the statehood process probably in december. Rush work on Moon rocket fort Bliss Tex army Secretary Wilber or disclosed today the received a Quot tentative to Cpd m Bruck army has Green for Havana. Up a cuban rebels kidnapped four a and perhaps seven a More americans today sending a wave of apprehension through the nearly 100 american families in j continues across the state Eastern Cuba. The weekly crop and weather the new kidnappings brought to j report said about 30 per cent of 48 or 51 the number of americans the Corn crop has been a Laid by a and canadians seized in bold i compared with 20 per cent last Calls Aid Cut threat to Security Washington up a Secretary of state John Foster Dulles said today that the House appropriations committees 872-million-Dollar Cut in foreign Aid funds a is j a grave thread to the Security of 1 the United if the action stands Quot it will doom the free world to grave losses a Dulles told a news con Ference. President Eisenhower is expected to go on radio and to to persuade Congress and the coun i try of the necessity to restore the or Burgess. Well it has been funds. Dulles said a major cause. Of course wages j the president asked for $3,942, actually have increased faster than 000,000 for the Mutual Security the inflation. A senator Malone nighttime raids by rebel Leader Fidel Castro a men in Eastern Oriente province. Castro s rebels already were known to be holding 42 americans and three canadians. Hopes for the prisoners immediate release were dim. A band of eight rebels swooped Down on the United fruit co. Sugar and agriculture school at Guaro about Midnight. They seized a f. Smith of new Hampshire the agriculture superintendent j. P Stevens of Oklahoma. The assistant superintendent and two District superintendents a f. Sparks of Indiana and j. G. Ford of South Carolina. An official at the installation said the rebels also Cut Telephone poles in the area. The other three kidnappings could not be confirmed immediately. Year at this time and the 1947-56 average of 40 per cent by july 1 courthouses to close two Days the courthouses of Henry and the surrounding counties will be closed All Day Friday and saturday killed near Cedar rapids Solon Iowa it up a Marion m. Rich. 18, Cedar rapids was killed monday night when the car in which he was Riding went out 1 of control and missed a curve on the Lake Mcbride Road about two Miles West of Here i authorities said the car missed the curve smashed into an embankment and rolled Over you think they have of course that is the argument or Burgess. Some of it is still not Clear from this discussion precisely How much Gold the government of the United slates owns a Solute program in the new fiscal year starting today the House committee voted 872 million less than he requested the White House said shortly after Dulles news conference that the president will make a special plea at his weekly news conference wednesday big Day at Golf club woman killed by hit run Driver Des Moines. Up a 300-Pound Bear was toted into municipal court Here monday and bypassed a police officers idea of Bear Steak and the judges vision of a fur coat. Actually the court went All out to befriend the animal and find him a Happy Home even though the beast caused a Small uproar m the Des Moines police station once before judge Don l tid Rick the Bear paced nervously Back and Forth while Des Moines attorney Phil Colavecchio pleaded for the animals life. The animal Rescue league had removed the Bear from a three by five foot Cage at an Indianola Iowa Roadside zoo about two weeks ago on grounds that the Bear was housed in a unsuitable Colavecchio compared the Bear to an abandoned child a i done to think the court should penalize the he said Colavecchio pointed out that tin state motto of Iowa is a preserve our wildlife Quot and asked the judge to dismiss the proceedings a 11 d act As a magistrate in placing the animal in a new Home a Des Moines pet shop owner Cecil Kern had requested custody of the Bear for a Small zoo my offered the animal a spacious 10 by 10 foot Cage a emr. Kern you be got. A Bear by the the judge told him. No violation is claim Washington it Upit House influence investigators today unanimously rejected a Republican charge that they violated House rules by hearing in Public sensational charges against Sherman Adams. Chairman Oren Harris dark. Told reporters the matter was discussed at a closed meeting of the investigating subcommittee and there was again unanimous agreement that the committee was right m holding Public most of a he meeting today was devoted to ironing out procedure 01 taking testimony wednesday from Adams millionaire Friend Bernard Goldmine. Light Quot on a specific plan shooting a rocket to the Moon. He said the army is a working Day and night Quot on the plan and Hopes to be a ready Early and get the final Node for what May be the nations first lunar probe launching the Secretary coupled his statement with an announcement that the army s Nike Hercules missiles the first anti aircraft rockets with atomic warheads Are now mounted in the defences of Washington new York and Chicago. Brucker held a near Midnight news conference after arriving late for the army s a project ammo Quot a missile firing demonstration that began monday and will continue through today. Proposals Are already pouring in for designs for the new Flag which will have 49 stars. A commission appointed either by the president or Congress probably will be set. Up to choose the Den 1 sign. The new Flag would go into official use july 4. 1959. Too Alaska s Prospe it Tive statehood was seen As vastly enhancing Hawaii a chances of entering the Union As the 50th state although probably not before next year at the earliest. Rep Leo w. Of Brien d-n.y., a leading Backer of the alaskan Bill told United press International he was certain the senat Interior committee of which he is a member will approve a hawaiian statehood Bill a week from wednesday. Postage due penalty goes into effect Church sues for damages Gulfport. Miss Tupi the first presbyterian Church Here had an underwriting firm for $53,000 damages alleging that a Fauio a air Ltd i toning and heat-11. Plant has caused attendance to drop. The Church suit said it had lost up to $6,500 in collection because its congregation Lias dwindled. Washington up a 5-cent penalty 011 postage due mail goes into effect today under a new Post office department Rule the fee will but imposed in addition to any amount due on unpaid or underpaid mail. Another Rule change effective today increases the maximum weight and Girth of packages sent by air mail to military address it overseas. Such parcels May weigh up la 70 pounds and measure 100 inches in height length and Width combined. The former limits were two pounds and 30 inches Alaska More than twice the size of Texas would be by far the nations biggest state in fact its 586,400 Square Miles equal one fifth the size of the Continental United states in population however it would be the smallest state. Its 215.000 persons fall Well below Nevada now lowest with 256.000 it would also plunk a state right on Russia s Hon step. Alas Khz s Little Diomede Island is Only 2 4 Miles from big Diomede owned by Russia from whom the United states bought Alaska for $7,200,000 90 years ago. O o a Alaska will get two senators and one representative bringing the Senate total to 98 and the House figure to 436. Alaska now has one non voting Delegate to Congress when the final vote was announced monday night after five Days of debate cheers and a burst of applause Rose from the Senate galleries where about 200 persons Many from Alaska had come to witness the historic event. It Marks the first time the United states has added to itself since Arizona became a state on feb 14, 1912. With statehood alaskans will be Able to elect their own governor for the first time in history. In us historic action the Senate passed without amendment the Alaska Bill approved by the House May 38 july 4 will be a big Day at the it. Pleasant Golf and county club a men tournament will be held in the morning at nine o clock and a mixed two Ball foursome meet will Start at 1 30. A Barbecue is scheduled for 5 30 and the fireworks display will follow at darkness. I gets Moines up Martha Hayes 43, fort Des Moines was killed today when struck by a hit run Driver on a Street Here. Police have asked for Des Moines residents to watch for a car with a broken headlight damaged fender or Windshield six youths indicted on charges of rape Keota Farmer killed in Baler Leo to strike halts bus service bus of the highest proof of virtue is to possess boundless Power without abusing it lord Mara Ulav it. Pleasant was without service tuesday As a result strike of Drivers the last service through Here was it 10 25 monday evening Clarion. Iowa up it youths ranging in age trom 16 years were held in jail under $2,500 to it Aid after the Wright county Rand jury indicated them on rape charges. The youths All from Woolstock. Were charged monday with raping 1 14-year-old Gul. Sheriff 1 Robert Blecker said. I Keota. Iowa it up gel 59, Keota Farmer was killed on six <1 farm near Here monday when he 14 to became caught in a round Type. Today j Hay Bailer. Vogel w working alone on a neighbors farm at the time and j was found several hours after his death the Bailer had to be dismantled to release his body Vogel is survived by his w id of. Piip son and three daughters Washington it up it Iowa Sena ors Bourke Hickenlooper and Thom l Martin both republicans. Voted for Alaska statehood. Most stores will be open till 9 i. M. Thursday this week

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