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This newspaper page contains 4 articles. Subscribers can read the full text of each article.
Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
May 31, 1973
Page
17
A garbled OCR snippet mentions trades and schools, referencing Petlealy and PRAEGAS, with scattered names and terms. The fragmented text hints at a Wednesday event, possible team activities, and multiple abbreviations, but lacks coherent context or complete facts to form a clear news item.
Rep Wilbur D Mills urges the nation to move past Watergate, curb inflation with a wage-price freeze, and cut government spending. The Arkansas Democrat, House Ways and Means chair, says partisanship must give way to confronting the crisis and restoring confidence.
President Nixon must act with purpose to restore order, co hist ence, and authority of the executive establishment. Congress should use its economic powers, including a temporary freeze, while longer-range inflation measures take effect. Mills outlines tax reform aims, expecting no repeal of investment credits or rapid depreciation, and hints at estate tax simplification and safeguards against tax-free inheritance devices.
McCulloch Oil Corp of Los Angeles restated 10 years of finances cutting pre tax profits by 88 million. The firm also reported a net loss of 231 thousand or five cents a share for 1872, versus restated income of 97.428 million or four cents a share the prior year.
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