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Newspaper
The Pocatello Post
Location
Pocatello, Idaho, United States of America
Date
Jan 13, 1948
Page
3
Harold E. Stassen urged President Truman to remove Edwin W. Pauley from his army post after Pauley admitted earning $932,703.10 through commodity trading since the war. The White House declined to comment and Pauley said his job remains unfinished.
James Michaels reports from Jamma Kashmir on the India Pakistan dispute with UN observers possibly sent to Kashmir. The piece describes refugees in Jammu, destroyed villages, and the danger of wider war if no settlement is reached.
President Truman proposes a 1949 budget of 39.67 billion with receipts of 44.48 billion. He says each American would pay 274.13 outlay and bear a share of the national debt roughly 1,782.90, dropping to 1,699.98 if debt falls to 246 billion by mid 1947.
President Truman urged Congress to approve a defense and foreign affairs heavy budget while warning of sustained high taxes until international duties are met. He projected a near term surplus and pledged to apply the surplus to reducing the national debt, threatening to veto GOP tax plans not offsetting costs.
Edward Emerine, secretary-manager of the Idaho State Editorial Association and the Idaho Newspaper Advertising Service, says he purchased the Canyon County News in Nampa and has resigned from both his posts.
Two suspected post office robbers Edison Pratt and Patrick Miller Eddy slugged a federal marshal and escaped a Union Pacific train in Salt Lake City. They were recaptured by authorities in the Wasatch mountains east of Ogden, then jailed in Morgan County. Pratt has one arm. Eddy was briefly on the run before arrest.
A coast to coast poll by the American Institute of Public Opinion shows higher income groups pushing for tax relief. Among those paying less than 50 dollars yearly, under half think taxes are too high, while nearly three quarters of those paying 500 dollars or more do. Three fifths of taxpayers earn under 2,500 dollars and pay about 100 dollars, shaping the voting base. The survey asks tax status, amount paid, and view on tax fairness. A new Congress agenda includes tax revision with GOP support for cuts and administration opposition. Stassen’s proposal to cap take at 50 percent draws 57 percent support in a prior poll.
President Truman proposes a record federal budget of 39.7 billion for the year starting June 30. National Defense leads with 11.025 billion, a rise of 279 million. Marshall Plan aid for 16 European nations totals about 7.009 billion. The plan features a 40 dollar per person living cost tax credit offset by higher corporate taxes.
A satirical column notes the Russian UN delegation led by Gromyko moving into a 68th and Park Avenue marble mansion once owned by Percy Pyne. The piece details a $450,000 purchase and $50,000 profit by Nathan Wilson in a mocked capitalistic transaction amid cultural jabs.
In Shanghai economic police arrest over 200 alleged gold speculators as the money market runs wild. The black market exchange rate climbs to an unprecedented 200,000 Chinese dollars per U.S. dollar.
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