The McKinney Examiner (McKinney, Tex.), Vol. 70, No. 36, Ed. 1 Thursday, June 7, 1956 Page: 2 of 16
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THE EXAMINER, McKINNEY, TEXAS, JUNE 7, 1956
TWO
BAILEY'S PHARMACY
Phone LI 2-3232
224 East Louisiana Street
might permit a tax cut, I disagreed.
TN,4 T AIINK4 4-T-» A _ 2 1 - 1 A , .
of a probable surplus to reducing
in its
this center
An official of the National Asso-
1
one-half per cent increase in inter-
economically and militarily.
est rates would raise the annual in-
$768-billion.
worn-
President । an and child in the United States.
J]
mil&ms leave them there!
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r
RENEAU FLORAL i MEMORIAL SERVICE
Phone LI 2-3366
209 N. Tennessee and 1517 S. Tennessee
COVINGTON & SON MACHINE SHOP
k 1
)
Phone LI 2-4181
303 East Virginia
R. F. NEWSOME CO. - INSURANCE
e
Phone LI 2-5471
(
Abernathy Building
Don’t Depend On Luck!
TEXAS TEXTILE MILLS
CROUCH-MOORE FUNERAL HOME
Phone LI 2-2621
601 South Tennessee Street
DUNGAN GRAIN & EEED CO.
McKinney, Texas
Phone LI 2-2695
FOXWORTH-GALBRAITH LUMBER CO.
Phone LI 2-5381
223 North Highway 75
McKINNEY LAUNDRY & CLEANING
RAY & CRAIG INSURANCE
335 East Louisiana Street
Phone LI 2-2521
Phone LI 2-4411
Phone LI 2-2241
202 West Virginia Street
214 East Louisiana Street
CARTER ROOFING CO.
McKINNEY DRUG CO.
Phone LI 2-5521
115 North Kentucky Street
325 East Virginia Street
Phone LI 2-5051
McKINNEY DRY GOODS CO.
COLLIN COUNTY MOTOR CO.
Phone LI 2-4161
114 East Louiisana Street
225 East Virginia Street
Phone LI 2-4451
Phone LI 2-5591
McKinney, Texas
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tain a small research staff let alone
build a multi-million dollar center?
- *
With the hope that it will, in some measure, foster and help sustain that which is good in
family and community life, this feature is sponsored by the business firms and organizations
whose names appear in the adjoining column.
A. M. SCOTT & CO.
INSURANCE — BONDS — LOANS
able time in his speech to empha-
size the growing importance of in-
dustrial development and research.
G. M. in spending $100-million for
competitive position ten years from
now. The company that lags behind
in today’s technological revolution
is doomed to bankruptcy. But what
Gross public and private debt in
1955 went up $61-billion to a total
C. P. HORN
AUTO SUPPLIES & ELECTRICAL APPLIANCES
McKINNEY
sraii
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than our share, in helping other
countries get back on their feet
n
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n
a
Time Has Come
To Cut Down
Aid Program
By Congressman Wright Patman
There are many worthwhile aid
projects we could undertake here
at home to raise living standards of
low-income families in our own
underdeveloped areas. We have
certainly done our share, and more
ra
lip
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our foreign aid spending,
for military necessities. I whole- 1VJ vV.CI ug-, g uI
heartedly approve the $1.1-billion Motors dedicated a new $100-mil- $4,650 of debt for every man,
FLUNG PRESCRIPTIONS IS THE MOST IMPORTANT PART
OF OUR BUSINESS
the huge national debt, which re-
quires $7-billion of interest service
important that interest rates be
kept at reasonable levels Sharp in-
creases in rates would divert much
income from the purchase of goods
592
cut recommended by the House
Foreign Affairs Committee. I hope
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builders plan further cuts in home
construction because of the tight
example, a'money situation. I notice that here
" i i-i at home in the First Congressional
was investing
to debt service. For
Many members of Congress are
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elation of Home Builders reports
It’s an old custom for the bridegroom to carry the bride over the threshold of the home in
which they are to begin their life together.
There are a few good rules for newlyweds, which if observed insure a successful married
life for any couple—without depending on luck. These are cooperation, a spirit of give and take
and a genuine desire at all times to understand one another and to promote the other’s welfare.
Regular attendance at church proves a tremendous aid in keeping the married life on a
plane where it will not go on the rocks. In the adventure they are embarking upon both the bride
and the groom need the Church.
It
District, building permits are off
from a year ago in Marshall, Paris
and Texarkana.
Families in middle-and , lower-
income brackets are being penal-
ized by the shortage of mortgage
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lion Technical Center.
Take your proHems to Church this week
on the asset side. Thus, increases in
debt in 1955 went to acquire houses,
automobiles ad other consumer
terest charge on our total debt by
close to $4-billion, or $30 per capita. I
Last summer when the Secretary
of the Treasury expressed the hope
that a budget balance this year
This represents
| we can make it stick.
‘ House Post Orrice Committee has
recommended increases in first-
class and air mail postage rates to
help overcome postal deficit. Many
members have voiced their opposi-
tion to 4 cents an ounce first-class
postage rates and the proposed 7
cents an ounce air mail.
Although opposed by the Admin-
stration, the House passed a rural
library services bill. For a period
of five years, the Federal Govern-
ment would provide $7.5 million a
year to the states (5 cents per capi-
ta) to develop rural public library
service. Federal funds matched
picture, we should not forget that might permit a tax cut, I disagreed,
there are real stocks of goods over In fact, I called for the application
0,
$ 2 23
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$82833
32. 955582
33- $
§8995
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alert to this and introduced a reso-
lution calling upon our Small Bus-
with state funds would be used for i iness Committee to study its impli-
Now bookmobiles, book purchases, andj-auons
the time has come to cut down on 1 library demonstration programs in
except rural areas.
Two weeks ago, giant General of
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Harlow Curtice devoted consider- I In looking at the debt side of the
durables; producers’ equipment and1 charges a year.. A budget surplus
buildings; farm machinery, etc. [ has, in fact, materialized. And I am
Ours is a debt economy. That is, j happy that the Secretary of Treas-
debts are the monetary means of j ury now agrees with me that the
of the fate of the hundreds of thou- financing expansion. Debts under- 1 $1.8-billion surplus for this fiscal
sands of small and medium-sized j lie our money and credit supply, j year “will make a most welcome
concerns, who cannot even main- i In view of the huge size of pub- i reduction in our huge national
lie and private debt, however, it is debt.’
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money.
Businessmen planning expansion
are experiencing a new type of in-
flation — Republican style: Rising
prices of capital.
The head of one of the largest
life insurance companies in the
country, Equitable Life Assurance
Society of New York, asks: “Where
is the money going to come from to
finance all the expansion plans on
company drawing boards? We are
loaned up for the next six months,
and I think this is true of other
companies as well.”
------o-----—
Mildred Hammer of Anna renews
for The Examiner another year.
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OUT OF RED
EMMETSBURG, la. — Painters
have changed the color of the doors
of a parochial school here. As long
as there was a mortgage on the
school, the doors were painted red.
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Thompson, Anna & Thompson, Wofford. The McKinney Examiner (McKinney, Tex.), Vol. 70, No. 36, Ed. 1 Thursday, June 7, 1956, newspaper, June 7, 1956; McKinney, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1457549/m1/2/: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting Collin County Genealogical Society.