Social Security finances stay sound through 75 years
The article outlines tax rates for workers and employers, and explains that the OASITrust Fund, with $23 billion and ongoing tax income plus bond interest, will fund future benefits. It notes a temporary growth halt around 1960 but confirms funds will resume rising and the system remains financially sound. Officials in Hattiesburg offer to answer questions about the program.
MENTIONED IN THIS ARTICLE
Oast Trust Fund
Curgo
Ourgo
Social Security District
Carpenters
Hattiesburg
Bureau of Old-Age and Survivors Insurance Program
Franklin High sells shares to fund international understanding
In Seattle Franklin High students issue foreign study bonds at 25 cents each or five for a dollar to fund a German student's travel. In 1955 they raised 250 dollars for Kurt Ahrens, then a 17 year old, now a Franklin senior, with American Field Service covering the rest of his travel costs.
MENTIONED IN THIS ARTICLE
Seattle
Wash
Franklin High School
Kurt Ahrens
Franklin
American Field Service
Eisenhower urges patience over court orders in civil rights stance
President Eisenhower reiterates the need for patience and tolerance as Southern governors resist integration while obeying court orders as loyal citizens. He laments wariness of law changing hearts, noting a shift in his demeanor from wartime leadership to ruler of the office.
MENTIONED IN THIS ARTICLE
Southerts
Govs
Hodges
N.C
Clement
Tens
Collin
Fla
McKeldin
Eisenhower
Unidentified Man Found Slumbering on Railroad Right of Way
Police officials reported a man’s body on the crushed rock roadbed of the Santa Fe Railroad right of way between Deming and Hatch New Mexico. Investigation revealed the man was simply taking a nap.
MENTIONED IN THIS ARTICLE
Napsan
Silver City
N. M
Santa Fe
Deming
Hatch
Cotton Harvest Delays and Losses From Heavy Rains
Recent rains across Mississippi slowed harvests and damaged crops. Cotton and soybeans faced losses while small grains for winter grazing grew well where planted. Sharkey and Bolivar counties saw 4 to 6 inches of rain, with wide impacts on Leake Panola and Pike counties as harvests lagged behind typical schedules.
MENTIONED IN THIS ARTICLE
Mississippi
Sharkey County
Bolivar County
Leake County
Panola County
Pike County
Drunk Fish Report Stirs Ohio River Sinking Barge
A barge carrying 15 000 gallons of grain alcohol sank in the Ohio River while being turned for towing. Owners doubt any cargo can be salvaged as alcohol warehouse vessels face loss.
MENTIONED IN THIS ARTICLE
Maysville
Ohio River
Also Mentioned on This Page
Finance
INDUS
United Gas
Gulf South
United
Bai
Union F
Potomac
Umines
Rane A
Plymouth
McMullan Motors
Broadway
HUB Printing Co
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