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Newspaper
Pella Chronicle
Location
Pella, Iowa, United States of America
Date
Oct 27, 1964
Page
1
The Chronicle outlines its policy to present both sides of major issues as space allows and invites reader comments on anything published. Opinions expressed may not reflect the staff’s views and contributions are subject to editing under the same standards.
A long passage contrasts Fort Knox vast gold reserves with spiritual worth. It notes 16,000 million dollars in standard bars weighing about 8,800 tons and 800,000 bars valued at 14 thousand dollars each. It hinges on faith, warning that earthly wealth cannot save the soul and urging belief in God's gift of eternal life through Jesus Christ. It ends with reflections on local theater praise and community gratitude for performances.
Voice of The Public thanks the local paper for an editorial on Central College's Homecoming musical The Sound of Music directed by Maurice Birdsall. It credits the audience for success and notes four elements of a show story actors stage and audience. The writer emphasizes audience participation as essential to a show's life.
The Des Moines Register editorial argues Goldwater is wrong on foreign policy and civil rights. It favors Johnson and Humphrey, praising Johnson’s leadership, experience, and bipartisan approach, while criticizing Goldwater’s simplistic stance and opposition to civil rights legislation.
A Senate subcommittee weighs a Hartke bill to back federal guarantees for student loans. United Students Aid Funds already guarantees loans through private and nonprofit networks, serving 600 colleges and 4,200 banks with typical loans around 530 dollars. The private model demands quicker repayment and shows few defaults, while the federal proposal would provide up to 2000 dollars per year per student and a 10 thousand dollar cap with a ten year repayment window.
The speaker argues no demonstrable need for federal activity in student loans, noting USA Funds has worked well for three years and has about $23 million in unused capacity. Proponents of Hartke claim urgent need, but government loans would outcompete private banks backed by the government, making federal action unnecessary.
The Davenport Times-Democrat contends that Republican nominee for Iowa governor Hultman is on the right track addressing the tax problem. It praises his focus on the campaign’s key tax questions, suggests eliminating damaging taxes, and urges voters to compare tax programs from both parties and hold winners to their proposals before elections.
Ralph T. Moore argues in the Oregon Voter that industry stems from productive outcomes rather than hours worked, criticizing the belief in automatic progression. He notes a troubling attitude among youth and cites failures in schools and homes to cultivate proper work discipline, linking them to disciplinary troubles.
The piece explains the balance of payments deficit and gold outflows from 1958 to 1960, the 1961 crisis, and how Johnson era measures including tax cuts and Trade Expansion Act of 1962 spurred recovery. It notes a reduced deficit to 1.8 billion annually in early 1960s and a slight gold stock increase by mid September.
Readers extend sincere gratitude to Central College and the Sound of Music cast for an inspiring and delightful evening. Families note their children were equally thrilled and engaged by the performance and its cast.
A reader challenging an October 15 1964 editorial argues Goldwater supported federal power policy by co sponsoring a bill on TVA and seeks clarification. The letter requests further reading of the fourth paragraph and details the senator's stance as presented.
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