Today's Business Mirror
j 11
By SAM DAWSON
(i.W Business News Analyst)
NEW YORK (iP— Even thrift and
frugality probably can’t keep tne
federal budget from rising to a
new high.
It’s like fitting a growing child
into last year’s clothes.
The American economy is grow
ing. The population shoots up. The
additional number of citizens, old
and young, require more of exist
ing types of services, and the
standard of services demanded in
creases each year. Also, the great
momentum of federal programs
under way can’t be turned back,
only held in some check by thrift
and frugality.
President Johnson apparently is
making a strong fight to trim re
quests of government departments
for funds. Even so, the spending
side of the budget is expected to
range from $98 billion to $103 bil
lion, with the odds favoring some
where around $100 billion, a
record.
Expectations for Treasury re
ceipts, the other side of the bud
get, are clouded just now bv two
factors:
—What the Senate will do about
the House passed bill to cut fed
eral income tax rates for individ
uals and corporations.
—Whether the present business
upswing will continue long enough
to assure increased corporate and
personal incomes the Treasury can
tax, at whatever rate finally de
cided.
In one view greater prosperity
will increase federal tax collec
tions even at lower rates. Doubters
say a tax cut could only increase
the federal deficit above the $9
billion, which presently is the goal
of the budget makers.
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A deficit is as sure as anything
can be, even if federal agencies
heed the President’s call for thrift
and an end to waste.
It will mean a larger federal
debt. Rut those who are undis
mayed at this prospect contend
that the dollar size of the debt
doesn’t matter if the rise in the
debt is at about the same percen- i
tage rate as the growth in the
economy as measured by the dol
lar value of total production of
goods and services.
The argument is that with a lar
ger population, a growing econo
my, added services, everything
else must increase too, including
the federal budget and the fed
eral debt.
And they point to the modest
rate of the increase in the federal
budget and debt in comparison
with the mushrooming growth of
state and local taxes, spending
and debt.
Bureau of the Census figures i
put state and local tax collections
at $20.9 billion in 1953, and $41.3
billion in 1962. Allowing for in
creased population, these taxes
averaged $134.22 for each person
in the United States in 1953, but
$223.37 per capita in 1962, a jump
of 66 per cent.
The National Industrial Con
ference Board says that last year
New York had the highest state
and local tax rate, $309 per per
son. California was next with $304,
then Nevada $273, Massachusetts
$271 and Connecticut $257. Low
est was Alabama with $132 per
capita.
An increase of 130 per cent
since 1953 in Delaware was the
fastest growth. New Hampshire’s
29 per cent rise was the lowrest.
So the taxpayer, even as he
watches the battle of the budget
in Washington, still faces the pros
pect of larger outlays to the tax
collectors nearer at home. The
population and its needs just won’t
fit into the clothing of yesteryear.
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U Thant Creates Kennedy .
Fund with Donations
NEW YORK OP — United Na
tions Secretary-General U Thant
has announced the creation of a
John F. Kennedy Memorial Fund
for the U N. International School.
He says it will be started with
donations of two dollars to $1,000
received by Ambassador Adlai
Stevenson. The money came from
Americans who asked that it be
used to promote peace and inter
national understanding in the
name of the assassinated Presi
dent. Tht. total amount of the do
nations was not disclosed.
Thant says he consulted with
the U.S. delegation and a repre
sentative of the Kennedy family
before deciding to set up the fund.
He adds that he has asked the
18 trustees of the school to meet
soon with members of the dele
gation and a representative of the
Kennedy family to decide on a
suitable memorial — presumably
a plaque, statue or picture.
The International School is lo
cated in buildings in Manhattan
and Queens. It serves 550 children
of 63 nationalities.
Teachers Must Pay Full
Air Fares, Rules C.A.B.
WASHINGTON UP> — A Civil
Aeronautics Board examiner has
ruled against the grant of reduced
air fares to teachers.
Examiner Herbert Bryan said
that:
“To approve reduced fares for
teachers would result in a depar
ture from the rule of equality
which should be adhered to in
rate-making. . . .
“Such action would prompt
other professions to press for sim
ilar favorable fares.”
Bryan advised the C.A.B. to re
ject the proposal of Frontier Air
lines, Denver, to permit teachers
to travel at 60 per cent of the reg
ular first class fare. Under the
Frontier plan, to qualify, a teach
er would have to buy from the air
line a $5 identification card good
for 12 months.
The Christmas wreath dates
back to the Sixth Century when
the Roman Catholic Church set
apart the four Sundays preceding
Christmas as Advent Season and
green wreaths hanging on doors
marked Advent.
■j
For Your
Holiday
Party Dress
Luxurious
Satin Brocades . . •
$1.95 yd. & Up
Rich
Velveteens . . .
$3.75 yd.
Colorful
Wool Jersey . • •
$2.50 yd.
In I6TH CENTURY EN6LAND
when ELIZABETH was- oueen
-I WOMEN'S FASHIONS REACHED
/ELABORATE EXTREMES...
STRINGS OF PEARLS AND GOLD
CHAINS AUGMENTED THE DRESSES
WITH LONG NARROW BODICES,
WIDE SPREADING COLLARS OF
LACE STRETCHED ON WIRES, ENOR
MOUS SKIRTS AND SLEEVES THAT
WERE PUFFED AND BEJEWELLED.
Typical of the outerwear of the
DAY WAS THIS ROSE SATIN CLOAK.
AT RIGHT, WITH A FOX COLLAR AND GOLD
BUTTONS ON THE PUFFED SLEEVES
Achieving* the 13 inch waist and exact
FORM THAT FASHION DECREED NEC ESS l
TATEP WEARING* A Tl&HTLY LACED UNDER
6ARMENT OVER WHICH WAS WORN A
FRAMEWORK OF STEEL PLATES COHERED
WITH VELVET
TOD>V WHEN 0>UVINS WOMEN'S
AND S1RLS' APPAREL LOOK FOR
THIS LABEL....THE SYMBOL OF
DECENCY FAIR LABOR STANDARDS
AND THE AMERICAN WAY OF LIFE.
> in';
WINTER SCHEDULE
FLIGHT 309/310
FAIRBANKS — KOTZEBUE — NOME
Monday, Wednesday and Friday
Lv: Fairbanks 8:00 a.m. Ar: Kotzebue 8:40 a.m.
Lv: Kotzebue 9:20 a.m. Ar: Nome 10:05 a.m.
Lv: Nome 1:05 p.m. Ar: Fairbanks 4:10 p.m.
FLIGHT 311/312
FAIRBANKS — NOME — KOTZEBUE
Tuesday, Thursday and Saturday
Lv: Fairbanks 8:00 a.m. Ar: Nome 9:10 a.m.
Lv: Nome 10:00 a.m. Ar: Kotzebue 10:50 a.m.
Lv: Kotzebue 11:20 a.m. Ar: Fairbanks 2:10 p.m.
FLIGHT 501/502
NOME — NORTHEAST CAPE — NOME
Monday, Wednesday and Friday
Lv: Nome l():S0a.m. Ar: N. E. Cape 11:20 a.m.
Lv. N. E. Cape ll:50a.m. Ar: Nome 12:20p.m.
I
.V.
For Information:
Dial 2331 - Town Office
Dial 2239 - - - - Airport
AIRLINIS, INC.
. NOME . BARROW • KOTZEBUE
’i ; ALASKA'S' FI&ST AIRl I N E
"FIRST IN ALASKA"