Fcouomisl Urges $10
Billion a Year Tax Cuts
WASHINGTON — Income
tnx cuts up to Sin billion a year
were recommended to a Senate
House Committee Tuesday by a
Michigan economist.
On this note, and with some
criticism from its own ranks of
what was termed the high interest
rate, economy slow-down policies
of the federal reserve, the Joint
Economic Committee opened hear
ings on the national economy.
The House Ways and Means
Committee, nearing the end of its
studies, heard Secretary of the
Treasury Douglas Dillon and Dud
get Director David Bell in a closed
session.
Sen. Jacob Javits, fR-N.YJ, in
a prepared Senate speech, urged
that Congress enact a $5.5-billion
tax cut for individuals and cor
porations before it adjourns this
year.
Daniel Suits, professor of econ
omics at the University of of Mich
igan, recommended that a $10
billion tax cut be made in stages.
He predicted this would increase
employment by one million and so
stimulate business that $4 billion
of tax revenue would be recouped.
As -it is now, he said, there is
every chance of a business down
turn in the next six months.
J. Frederick Weston, professor
of economics at the University of
California, called for a cut in the
normal corporate tax rate by five
percentage points and a decrease
in personal income taxes by split
ting the first bracket to taxable
income and halving the rate.
Javits, in urging that Congress
cut taxes this year, criticized
President Kennedy for what he
called “agonizing indecisiveness.”
For Packing, Painting or Puppie*
Old Newspapers—25c Bundlf
For Sale at The Nugget
Summer
Library Hours
SATURDAY MORNING
10:00 to 11:30 a.m.
WEDNESDAY EVENING
7:30 to 9:00 n.m.
Kegoayah Kozga Library
Ip stuns in City Bldg.
JFK Proposals Guarding
Against Dangerous Drug?
Approved by Committee
WASHINGTON W — The Sen
ate Judiciary CnmmilU'e approve!
Tuesday two of President Ken
nedy’s key proposals for furthei
safeguarding the public againsl
dangerous drugs.
One would permit the immedi
ate removal of a drug from the
market if the Secretary of Welfare
finds an imminent hazard to the
public health in its continued use
The other would prevent a drug
from going on the market until it
has been approved by the' secre
tary. Under present law, an appli
cation for the marketing of a drug
becomes effective automatically in
60 days in the absence of any ac
tion by the government.
Sen. James Eastland, <D-Miss.r
committee chairman, told newsmen
both proposals were approved
overwhelmingly without any roll
call vote.
SPINSTERS AND BACHELORS
HOLD 8TH WORLD CONGRESS
DUSSELDORF, Germany UP) —
Judging by attendance at the 8th
“World Congress of Spinsters and
Bachelors,” ladies like to get to
gether more than men.
Of about 1,000 people at the
meeting ending Tuesday, there
were some 900 women and 1 Of
men.
The organizer of the Congress
Ce>r Greijin of the Netherlands
insists it is not a marriage mart
He says his idea is that people
who live alone must have contacts
with each other.
GLUE POT
Sot’a Fountain
Cigars—Cigarettes
Tobacco
Candy
Fresh Ice Cream
Every Day
cut unnecessary state spending
vote for
milo h tdoc) fritz
republican for governor
primary election — august 4
—Paid Advertisment
Six j,manor
(Jrolo^isls Diir
r*
Iii Alaska A112. I*>
It'NK.M’ •? - The State Di
Vi ion of Minos and Minerals said
‘ Moiidav a Ax-man team of Japan
| oso geologi.1 * ■ interested in Alas
| ka's load, zinc, copper and nickel
j re-nurces "sill arrive1 here from
i San Francisco Aug. Ik.
Division Director .lame Wil
j liams said the Japanese will spend
I two or three days in Juneau study
ing reports on mineral properties
in Alaska and arranging an itin
erary. then split into two three
man teams.
One team, Williams said, will
make field surveys in westward
Alaska and the1 other will make
field surveys in the southes-t Pan
handle.
The Japanese repres' id the
Overseas Mineral Resource De
velopment Cooperation As.-n., an
organization sponsored by t ■ Ja
panese Ministry of Intense a ad
Trade and Industry.
The members of the survey
team are:
Ilideo Takabashi, chief geolo
gist for the Osarizawa mine, the
Mitsubishi Metal Mining Co., Ltd.
Shigeru Yonebavashi. geologist,
Exploration Dept., Furukawa Min
ing Co.. Ltd.
Hanzo Gohara, geologist, deputy
chief of Mine Development, Toho
Zinc Co., Ltd.
Mitsugu Shindoa, geologist. Van
couver Office, Nihon Mining Co.,
Ltd.
Sho Tnno, geologist, Kamioka
| Mine, Mitsui Metal Mining and
1 Smelting Co., Ltd.
Ei Horikoshi, geologist, Hanaoka
I Mine, Dowa Mining Co., Ltd.
THIS IS THK MAX
ALASKA NEEDS!
TRIED ami PROVES
YOUR
RE PUBLICAN CANDIDATE
FOR
GOVERNOR
As Alaska's last appointed
Governor before Statehood
Mike Stepovich at the close
of business, June 30, 1958,
left a treasury surplus in ex
cess of §12,000,000 and no
public indebtedness for the
new State.
1
Paid Advt
Expect Quick Action
On Barrow Gas Bill
rrroN, i.spcUnP—t h <
mitl.ee A: ire. (I ScTV
;«y novAed U.S Re..
which would authorize
Department to rjri] 1 a
j third well within Naval Petroleum
; Reserve No. 4 to moke natural gas
I available for rale to civilian ponu
I lotion of Harrow through author
! i/.ed carriers.
Tht Senate no .... • i measure now
! ones to the floor of the House
I where ouick action is expected,
j House passage of the measure
j would mean that the 1,30(1 resi
| dents of Barrow would have access
| to the natural gas deposits upon
which their community is virtu
ally built.
WASH I
J’ou Cm
i<c Tile
Ralph Jh\
the Navy
TRAFFIC ACCIDENTS
CLAIM LIVES OF 21 PERSONS
JUNEAU .4” — Traffic accidents
claimed the lives ot 21 persons
through Aug. 5 of this year. Pub
lic Safety Commissioner Martin
Underwood said Tuesday.
During the same period last
year, 10 persons died in accidents
on Alaska's highways and streets.
Fire deaths through Aug 5 total
ed 12, compared with 33 during the
same period in 1901.
Charlie’s
Barber Shop
Will Open for Business
AUG. 7 — TUESDAY
Same Old Place
In Front of Mukluk Pool Hall
OPEN EVENINGS
Charlie is glad to welcome his j
old and new customers too.
•h
in
’ i ;jv \\ father IV %\ >iiN
Over .Most of tin ' •
v ■■■■ :•<>!'• piw ■ -f
over wick: area. of Ala -w rOjr.
oic ni' hf ,'ind <• ri v U«U.v, u
In • amount, iv::n"o
’ ' c A InV. Pf we Wii:.. m
Sound and (a id ml . areas.
T nan,i re ■■ fled a, < vi n half
1 inch of rain during tie la ! 24-hour
p< riod. while Anchorage md Cor
dova rn’i; locked jus* unde r : aif
j inch.
Rain was al n reported -r
Bristol I ’• a Yuk- : Del‘a . • d
’he Yukon. Kuskukvim and Tanana
Valley -.
The Aleutian,- had r in. driz/.l-*
and fog, while the Arctic i no had
cloudy skies and fog along the
coast.
Early morning temperatures
ranged from a low of 37 at Barter
Island to a high of 54 at .Annette
Island. The high yesterday was
74 at Annette.
STINGING JELLYFISH
NEWPORT. R.I. .-? — Portu
guese men-of-war-stinging jelly
fish five inches in diameter with
tentacles about three feet long —
forced temporary closing of a sec
ond beach for an hour Monday.
Ten persons were stung. They were
i treated at a hospital and released.
Poker, which originated in the
South, was played by both the
boys in blue and those in gray
during the Civil War. and quickly
became one of the nation's favorite
card games after the war ended.
Fine Job Printing At The Nugget
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