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Newspaper
Ruston Leader
Location
Ruston, Louisiana, United States of America
Date
Feb 05, 1959
Page
2
The piece outlines the 86th Congress battle over the 1940 budget. It notes the President proposed a balanced budget with $77 billion in spending and $77.1 billion in income, predicting a $100 million surplus. The reaction from Democrats is mixed as they question the plan yet acknowledge its balance.
The piece urges both parties to pursue a balanced budget for the nation and its citizens. It critiques the Administration budget for relying on tax increases and optimistic income estimates, suggesting conservatism and cuts to welfare programs. It argues for no tax hikes, caution on revenue projections, and a clear, attainable plan to secure a balanced budget.
Louisiana cotton gin operators plan a February meeting in Memphis to train in gin machinery operation, maintenance, and repair. Specialists Severance and associates will lead sessions with practical demonstrations and diagrams, with no charge for instruction and hotel reservations required by February 10.
The 1958 Conservation Department report uses graphs to show oil and gas activity in Louisiana. It highlights that wells completed lagged early production trends, wildcat activity fluctuated, and by year end production rose with increased allowances. The charts project a cautious but optimistic year ahead for the state’s economy.
President Eisenhower outlines four essential factors to place government finances on a sound basis for the next fiscal year. He expects revenue to rise to 77.1 billion as economic growth lifts incomes and profits, while Congress must restrain spending to avoid a large deficit. He cites world developments, hopes for tax relief with a balanced budget, and reliance on popular support to curb expenditures.
A Ruston Writers Club session discusses The Capitalist Manifesto by Kelso and Adler, presenting four capitalist systems, core ideas on economic freedom, wealth distribution, and gradual reform proposals including inheritance tax changes and dividends. The review notes a nonviolent gradual revolution and contrasts with Marxist calls, citing Eisenhower’s stance on decentralizing control.
Mr and Mrs T J Fitzgerald of Bernice will celebrate their golden wedding anniversary on Sunday February 8 with an open house at Mrs Elliott Rays home from one to four oclock. Friends and relatives are invited to attend.
Trinity Methodist invites interested people to a Sunday night church school program titled Christian GoHairs of Our North American Neighbors. The series runs every Sunday in February starting February 1 at 6 pm with supper provided. Special programs are planned for all ages. Topics include United States and Canada, Mexico and the Caribbean, Alaska, and Hawaii. Americans drank about 215 million gallons of distilled spirits in 1958.
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