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Newspaper
News
Location
Frederick, Maryland, United States of America
Date
Oct 27, 1964
Page
4
Enticing tourists expert Earle R Poorbaugh urged Frederick to host travel writer tours under government sponsorship. He said publicizing through travel magazines and offering full expense coverage and red carpet treatment could attract visitors, though success requires funding and time.
The piece argues inflation acts as a hidden tax by expanding the money supply and pushing more dollars into circulation. It notes the government takes about 2 percent of any rise in the economy and about 1.2 billion dollars in inflation driven growth, while individuals lose purchasing power and face higher tax brackets as they seek higher incomes to keep up. In two decades inflation has halved the dollar’s value, forcing individuals to double income after taxes to stay even.
The first quarter of the current fiscal year, the third quarter of the calendar year, saw $41 million less federal spending than a year ago. The Defense Department accounted for most savings, with a $1.2 billion reduction for the quarter, while revenues fell only $1 billion despite last year’s tax cut. This marks the first decline in a decade and a healthy pre election figure.
A student driven effort by Frederick Community College’s Independent Student Party seeks county support to fund a campus. The piece recalls Wesley College at Dover where student courage and a bishop’s intervention revived the school, now thriving with near thousand enrollment and expansions.
A NEA analysis discusses stringent clearance and five yearly reinvestigations for Atomic Energy Commission staff and certain intelligence personnel. It notes leaks and careless conduct as major risks, cites NSA examples, and reflects on Hoover and Roosevelt administration tensions affecting economic policy debates.
A Washington retrospective weighs Hoover’s Great Depression record against the New Deal. Editorials in The New York Times and The Washington Post argue about timing of the economy’s bottom, unemployment trends through the 1930s, and Hoover’s role in early relief and reform efforts.
Fifty years ago at the Armory officers elected Second Lieutenant Elmer F. Munshower as captain to replace Major Markey who led the company since its founding until his recent promotion. Farmers in Frederick County continue planting wheat despite delayed season work and recent efforts. The New First National Bank of Mt. Airy opened last week in a handsome new building showing recovery after last year’s fire. Mrs. Cut Sail and Mr. Bast with daughter Daisy Bast returned from visiting Springfield Ohio.
Undersecretary of State Stettinius said the U S government hopes for a United Nations conference next January on world security possibly after a Roosevelt Churchill Stalin meeting this year to finalize the Dumbarton Oaks plan. Frederick City fund drive progress boosts hope for reaching a $30 788 minimum and aiming for 35 218. at this time 28 507 had been raised. A reception honored Mr and Mrs Lawrence C Willard at 115 East Seventh Street on October 19 following their wedding trip to Pennsylvania. Grace N Brown Hood College registrar visits family in Beverly Hills with her parents and brother-in-law and sister for about a month.
A reader letter cites four cabinet members including Arthur Flemming and Oveta Hobby backing Lyndon Johnson for re election and notes other Republicans who support him for the good of the nation. The writer counters Birch Society alarmism and defends patriotism of Johnson supporters.
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