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Newspaper
Shafter Press
Location
Shafter, California, United States of America
Date
Jul 08, 1959
Page
2
An opinion urges urgent balance in the federal budget to halt the dollar's decline. It cites Treasury bond sales struggles and rising inflation fears, arguing continued inaction could erode purchasing power and prompt dangerous money-printing if voters do not press lawmakers.
Newspaper clippings discuss how inflation and mass distribution lower the real cost of living. They note clothing and food expenditures as share of spending fall and testify to efficiency in retail cutting costs for consumers. Opinion excerpts urge tax revisions to aid replacements in agriculture and industry.
From The Files Of The Shafter recalls progress in 1951 52 with walls going up on the new Shafter press plant to house printing facilities and a complete job printing operation. It also notes cotton growth and local development in the San Joaquin Valley and Shafter area including tax and building activity.
The Kern County Economy Council announces a reorganization led by Elmer Goertz as President and Clifton Carpenter as Vice President. The group seeks sound, economical government across county, city, school and special districts and pledges full cooperation from all agencies and taxpayers. The board includes Harvey Holloway, W E James, Clifton Carpenter, and others.
Earl D. Schlaman of California Farm Bureau commodity services says farm values have risen so fast that buying an average farm now costs nearly $70,000, up from $16,300 in 1940, despite higher production per acre.
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