Thought For Today on penny wise and pound foolish
Rep. Tom Steed of Oklahoma comments on a Treasury manpower ceiling that saved £23 million but left £3 500 in uncollected taxes, highlighting fiscal trade offs and government efficiency.
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Newspaper
Raleigh Register
Location
Beckley, West Virginia, United States of America
Date
Jun 17, 1969
Page
2
Rep. Tom Steed of Oklahoma comments on a Treasury manpower ceiling that saved £23 million but left £3 500 in uncollected taxes, highlighting fiscal trade offs and government efficiency.
A noted journalist critiques student nonviolence and militancy, contrasting it with Dr. Martin Luther King Jr. He argues disobedience is justified when laws fail moral purpose, warns today’s militants risk reinforcing bigotry, and notes little progress beyond symbolic legal gains as injustice lingers in hearts rather than laws.
A Birmingham Alabama note reflects on historic government finances with 1968 per capita totals for federal state and county revenues at 1.103 dollars and expenditures at 1.44 pounds, implying a per person debt of 341 dollars. The piece uses a humorous tone to connect weather and mood with long-term fiscal data.
London reports on Britain's gambling scene after liberalized laws of 1969. Casinos proliferated with women workers rising to over 447 thousand, fringe gaming expanding into saloons and arcades. Home Office aims to cut clubs to about 391 as Lords curb profits, while a study tour previews Ostend and Monte Carlo to tighten controls under Gambling Board director Stanley Resmond.
Washington analysis cites Kremlinologists warning of irrational Soviet leadership and a possible rise in neo Stalinist sentiment. The piece notes Moscow conference ferment, Brezhnev doctrine resistance, and fear of a forced showdown with the West despite hesitations among Soviet leaders and their allies.
UPI analyst notes Moscow’s diplomacy with Cairo under pressure as Andrei Gromyko returns amid US Soviet push for a peace settlement in 1967. Nasser rejects a plan tied to Sinai, Gaza, West Bank withdrawals, while Arabs fear broader war. Chinese aid to commandos adds to regional tension.
New York based CIC Leasing Corp. President Leon ard Rochwarger tells UPI that leasing helps municipalities bypass bond limits by renting fire engines, snow plows, hospital and school equipment. Leasing lacks tax benefits for public bodies but allows capital use without outright purchase. many state laws restrict leasing use.
A Raleigh Register 1942 file notes rising use of equipment leasing by municipalities hospitals and medical professionals. Experts say five year leases on $10 000 or more of office gear appeal to young doctors and dentists offering cash flow benefits and easier ownership transfer with small end prices.
Sergeant Mollard McGinnis has been named chairman of the Victory Liberty Loan organization in Raleigh County for the Fifth Loan Drive beginning late this month after returning from front line service in France. The Elkhorn Piney Mining Coal Company at Stanaford plans erection of a new office at that place.
John Hodel responds to reader concerns about his opinion column and public accountability. A reader letter from Susan Moorman praises Hodel for tackling important issues despite unpopularity. The editors note mixed reactions and mention a random graffiti panel as light diversion.
Ray Cromley argues that John L. Lewis advocated automation to raise profits and wages, viewing make-work restrictions as hindering workers. He credits Lewis with modernizing coal industry and lifting living standards, urging current leaders to adopt Lewis’s philosophy to curb higher labor costs and improve efficiency.
A prayer lamenting secular drift from God asks for forgiveness and renewed life through Jesus. J R Brokhoff of Emory University Atlanta Georgia signs the meditation affirming God as Creator Redeemer and Strength and praying for the Spirit to restore relationship.
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