Denton Record-Chronicle (Denton, Tex.), Vol. 59, No. 255, Ed. 1 Tuesday, June 5, 1962 Page: 4 of 10
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HUESA4¥,JLN5,1962
PAGEFAUR
WORLD
How Texans Voted
TODAY
I
2
On The Ta rm Bill
/
35-Hour Week
*
17
e
2
V
k
NOT QUICK
-A’-*
Y esteryear
-
The Market
going to be easy sailing, either
The recent tumble of the
Beware
J
4
after a trip over the Dallas and
istration may take.
Week,
$E
(
Be
7 his Wag A Conference?
JL NE 5, 1952
OVERTIME
crease This
seems
i
Board’s requirement that stock
cent. in
<
cash. The board has indicated i
Most Republicans: m Congress
JU
I
, trouble'
I
9
2
■ ....
V
many workers will be getting two
months paid vacation before long
I
I
I
I "
1427
RO.41) PROJECT
DISCI SSED
j.
o
501
E
debt, George Meany, is talking of
a general union drive for the 35-
he
T.
l. v
I
a choice between - strict acreage and marketing controls with
high supports or no acreage or marketing controls and low or
LETTERS
TO THE
EDITOR
PaLANGUAGES
E) in the NEWS
S By Charles F Berlitx
and ' Robert Strumnpen-Darrie
ideas and points of view are represented But the
recent White House Conference on Conservation
was so totally one-sided that it resembled a brain-
ggyMea,
The President already has shown in the steel
crisis that he will use whatever power he can find
to impose whatever pric he thinks is right
Cuts in corporation tax .rates
and in all income tax brackets
Work hours also can be reduced
through labor contract negotia-
tions. but as one top union strate-
gist told this reporter "This isn’t
a 9
in promptreduction of income and. i
eorpor ation I axerates and an i |
Washington observers, however, were quick to
see more in the bill than an attempt to deal with
stockpile surpluses To give the President a free
j
Sherman highways. '
El IC REEK
PROCI AIMED
JINE $ 1942:
gg
• p
M
21
8
5;
The averge consumer— whol
doesntbuystocks—is still buying
cars and washing machines * I
I dustry leaders still forecastrec.
Stockpiling Power
The Kennedy Administration reportedly has sec-
retly produced a bill which would allow the Presi-
dent to decide all by himself to sell materials from
the natioin’s strategic stockpile.
Copies of the bill introduced by Sen. Stuart Sym-
ington, D . Mo., appealed nnarked "secret") at about
the same time an investigating committee began
work to find out what should be done about the
stockpile in the light of changing military needs
It seems that the Kennedy Administration feels
the committee's work is unnecessary on this vast
problem, and that the President can solve every-
thing alone.
I
................................y'" ' " •»
i
F
stocks. Amendment adopted 46 37 । a "for" vote supported the
President):
can economy was enjoying good
health and better prospects; and
—e* to a tentative decision,
intimated by Secretary of the
, : ,*“-P2 5204401
in the Record-Chronicle diet, will keep
written by Roy Essoyan, an As- into 1963: ______ —________
socited Press news analyst | They expect occasiotal’sinking vestments good ant good invest-businessmen
.
tween those and the citizens of unload shares they boughi at bar- market", beganin. late 1960t. but along with some loophole closings
the United States’ None’ The ma- gain prices from investors who * * '"**
and to establish normal marketing levels subject e producer
referendum if the levels Were accepted, supports would be 90
per cent of parity; if rejected, 75 per cent When normal mar-
keting levels were in effect, producers would be subject to sur-
plus marketing fees on all excessive milk Amendment rejected
i 13-70 (the President took no position):
AGAINST THE AMENDMENT: Yarborough and Tower
e On McCarthy amendment to provide dairy farmers who
voluntarily reduced their marketings with incentive payments,
and to provide producers of milk for manufacture into dairy
products who reduced their marketings with payments of ap-
proximately 90 per cent of parity as additional incentive Amend-
ment rejected 21-60 (the President took no position):
AGAINST THE AMENDMENT: Tower
ABSENT, NOT VOTING: Yarborough.
e On Thurmond amendment to strike Title 1 of the farm
JUNE 5, 1922,".
Recommendations that the state We cal only get’the 35-hOur wek
ane federal governments take 0% ’
er three highwfiy s in Demon Coun-
ty , build and maintain them, was
recouped two-thirds of the ! I
day loss the next tradin
$
4
. I
%/ M
bill (Title 1 explained abovel. Amendment rejected 17-4653 (an
"against" vote supported the president):
ANNOUNCED AGAINST BUT NOT VOTING; Yarborough.
FOR THE AMENDMENI lexer
g On Mansfield! motion to table Keating amendment to farm
bill requiring thal all public facilities developed with federal as-
sistance under Title 1 be free of racial discrimination. Tabling
motion adopted -43 40 Ube President took no position)
washing, at least from this distance.
Only federal government officials had any voice,
and they unanimously supported the Wilderness
Bill—a measure that would withdraw from all use
—including recreation—an area far vaster than some
important countries.
Few would quarrel with the need to preserve
much of our wild lands, and the life that inhabits
it. But this bill eternally ties up enormous areas,
with no examination to see whether they contain
materials more important for other uses, or wheth-
er they are the best lands available for wilderness.
Discussion is needed and it was denied.
every man on the Dodgers team.- They consider i
who was the best football player that last Monday’s spe tacular . .hat ide waned When, kermnedy
last season and what programs losses — made up in two dayts
will be on TV next week ? trading--left any serious doubt
2 K
? J
Editorials
By STERLING E. GREEN i—■
' AP Economic .Affair* w riter
on speculation that the return of a they didn ( ask for ",
ninistration voice,
that of Secretary m Commer e . f
Luther H. Hodges. proposed emer I
and other
hour week, don’t think it is a1
quickly attainable goal - 1
_ One way to get the 35-hour
— week in one swoop would be to
| persuade Congress tn cm ■- the j ~
present 40-hour week specified in!
the Fair Labor Standards Act.
The unions privately recognize
— they're in for a long haul here
Nor is any sudden general no supports, and which allowed the government to sell surplus
switch anticipated. Even econom- mrit *■ .j
ists for the AFL-CIO whose presi-
V
Paste
8eaut
T
305
verick Brothers? When someone ‘ has become a forlorn hope.
asks you who is Mr Dillon and Profits are at a record high ly embedded in'our "Le’rt "EP, ery body knows it Our advance
your response is "marshal of and going higher but no boom us to be full of remorse for our is steady and stable, and the
Dod.: (ity. buster, you are in 18 in sight Corporations earn sins and prompt us to confess economy itself will give business
MR AMRS H f BROWN Z wi mam amm tn emmmgoramwe ouraans’" rvuran
Route 1. Box 32, Denton predicted in January. namne Am, Wednosday: nw recovery’s see-
ond year—no tears but no cheers.
C LEGISLAYIV
Many employers. faced with ajof this evil, a bloody revolt and .wMs.
shorter week requirement, simply killings, or vote them out of of- stalled, emergency incetinc of hh iprouncu or rconome Aavisers
Me " " i in thattcase the administration nomic high .command the next Substantially everything J b dgess
" ------j "" . . 'niprning suggested is in the works. The de
—.........--n an auu pay ulem „ , , -- -----g, aunuutes w re The conference led ifirst to -m preciation reforms are being
overtime, usually at 142 times the Kennedy his relatives and hench- cession—tax cuts and stepped-up lannounced finding th ' the A." whipped into shape and will come
rerula- -e" mon Then on tale a hrenfh oficade—i —-—2—- ’' ■ 1 out- it 25 billion tax boon to
spur business investment — this
month or -next
It is for this reason that Presi-;
dent Kennedy. in trying to main-
tain a stable wage-price line,!
is discouraging any broad-scale
ehangeover to a shorter work
week
s -- er-- -- -uompocsa some. tax breaks
■ .
He proposed a belated revision of
the tax bill pending in Congress,
a hurry-up job by the Treasury on purchasers .put up 70 per
liberalized depreciation allow!
reassiring S not considering lowering mar
gin requirements, which has been
advocated by some to stimulale
' WASHINGTON1(APLThe K,.„ '"w k m,irkri fra red nerves
nedy administration.is watchingl and raised vital questions,
closely for after-effects of the about the American economy restorea jt alt and then somt
Here, in the first of four af.
ticleson "The Market and the
Economy, AP business and cision
economic affairs writer Ster. todayi
Most Believe It D ill Continue To Rise
negotiated earlier this year by do what is best and right for your ment will be mended by several
New York electricians. country, family and community, measures—already in the works
— Few experts doubt that the Resolve not to beg for govern- which attest 'the administra.
Russia now claims to have in gradual reduction in work hours ment aid in the guise of loans, lion’s avowed aim to bolster busi-
vented baseball (bizbol in Rus-wil continue in every decade farm ad, etc! If you did not ness profits.
sian) because K played for centu- from 1880 to 1940 three to five ask for $5 in aid (which you can By now top administration
ries a game called/op/a'flap-TAH) hours dhe....... hemte ...........-- ...
- < which means "bat".
lord sales and output and rising ,
ness expansion which, they pre-' l ■ plant investment
J - " ’ on setting records 2 That investors can no longer Congress and theadministu at ion
rely on inflation to make had tn- are working on measures to give
■, si irting ■ od into brokers’of 1
, fires. That afternoon (he markt .1
. PHU PEATON REGORD-CHRONICLE FEATURES 1 :
. J———------------
Telephone 382-2551
Published every evening except Saturdav end on Sunday mornins by
DENTON PUBLISHING COMPANY
314 East Hickory
Entered as second class mad at me post office at Denton. Texas,
-on 13. 1921 eccording to Act of Congress March 3 1872
MEMBER OF THE ASSOCIATED PREsS - The Associated Press is an-
titled exclusive y to the use for publication ot ell tocel news printed
in this newspaper es well as ell AP news dispatches.
BASI SUBSCRIPTON RATES
Single Copies Evening 5 cente, Sunday 15 cents.
Home Delivery on same day of publication by city carrier or by motor
route 40 cents pet week.
Home delivery by mail (must be paid in advance) Denton and adjoining
counties $1.23 per month, $1200 per vear, elsewhere in the United
Steles $1.50 per month J18 00 per vear
MEMBER AUDIT BUREAU Of CIRCULATIONS
NOTICE TO PUBLIC - Any erroneous reflection upon the character
reputation or standing of any firm, individual or corporation will
glady be corrected upon being called to the publishers attention. The
publishers are not responsible for copy omissions typographical errors
or any unintentional errors that occur other then to comet them in
next issve etfer it is brought to then attention. All adverising orders
are accepted on this basis only
FOR THE AMENDMENT. Yarborough
PAIRED AGAINST THE AMENDMENT Tower.
O On Proxmire amendment to prov ide dairy fa rm who
voluntarily reduced their marketing with incentive payments.
F OR THE .MOTION Yarborough
AGAINST THE MOTION Tower
• On Mansfield motion to table Moroney amendment to
, exempt for two years from the provisions of the supply -manage-
I ment feed grains program all feed, grains fed to Block on the farm
on which they are grown Tablingmotion adopted 43-40 ta ’for'’
vote supported the. President
; F OR THE MOTV
’ AGAINST THE MOTION Tower.
0Onpas igeoftheFoudand Agriculture Act of 1962,
P< assed 42-38 ta "for’vole supported the, President ' t
FOR THE ACT Yarborough,
I Ai.MNST THE A( T Tw,; ____ _
44-523.
2,
{*33
able t our national pastime. The
word for "ampire" is rEftn "base"
is bara and a "hi" is vdar. The
word "piicher" would be a little
more complicated- ftodbrasyi^y-
u.thi—’ht who throws*. The Rus-
sian equivalent of our bleachers’
cry of kl the umpire* would be
Sty r'tftrt! — "Beat the referee!'
And, "hrow the bum out I' would
most likely be said as von no
(vohn yeh‛ VOH —"Out with him "
altbougk some Stalinist diehard*
might still suggest a visit *to Sider
laf" (y Sibir') or "liquldationr"
(likvidrusiya).
AALPs »
—*- t,LoarTast-papet
were shaved off the work do better without) then you won’t admit that a deterioration ornusi
week Since then, more holidays have 1° pay $10 in taxes to cover ness confidence, stemming partly
. re-this aid. If you needed to borrow from Kennedy’s battering-ram as- ances
_________ $60 from bank weuld you pay sault on the April steel price in- moves
Although about one out of 10 some rich man $20 to go get crease, helped make last Mon- n:
workers already has a less than the money and bring it to you" day's selloff the Costliest since held their fire, because—’ "‛p,2 stock purchases
40-hour work week, the Current Why borrow or receive federal the famed "Black Tuesday” of Charles A Halleck m IpP The broad investigation of tin
trend seems to be toward more aid when you and other citizens 1929.
holidays and longer vacations have to pay three times that T „ . ________
Under the new steel contract amount hack to Uncle Sam so he ating decline began five months
can create a few more depart- ago, they point out, for the sim-
By NORMAN WALKER
Fer James Marlow
WASHINGTON (AP, - Suppose
the nation suddenly switched over-
night from the present 40-hour
week to a 35-hour week—as or-
ganized labor is advocating What
would happen’*
; if the change came about with ’
lout a cut in pay—that is, if the
man now earning $100 a week for
40 hours work should continue get- j
ting $100 on a 35-hour week basis
—labor costs would be increased
by one-eighth, or over 12 per cent
THREE WAYS
How would an employer meet
this added cost? There are three
ways. The ooss could (a increase
prices, (b) reduce profits or (c)
install new labor saving ma-
chines. He probably would do
some of all three
A sudden conversion to a 35-
hour week therefore, almost cer- i
as industries have the physical
hnd financial ability to pay for it;
- . , g—The -cost problem wil have tosDe ar Sir:
made by f ederal District Eh- J work itseifout . - T. . -wo-,
gineer A: B, Losh of Fort Worth! : 7^ average .citizep of the tlfree^ock market’s nosedive but has
—1: SHARE JOBS countries of Laos. Viet Nam and ruled out any emergency. stimu- .
Labor sayslit wants the shorter Thailand lacks the foggiest idea lants to shore up business confi-
w eek to sharesjobs with 3 7 million of whatis going on in their coun- enc: _
unemployed. There is consider- tries The people, except for a , Most officials, like most Wall < F ireen, answers some
able doubt, however, that a quick few- hard mountain tribesmen Streeters, believe the market is these guestions and onsid-
’Change to a 35-hour week would are gentle fun ntine and easy heading into a gradaal, moderate; er "hat measures the admin
.... /provide mW job openings why goina .8 6a8 and possibly prolonged rise, in istration may take.
In keeping, the designation of You would think omhand that ... . . , . step with an unspectacular busi-
June 8 14 as National Flag cistim „ , The above was taken from an ......
....................................a proclamation has beencuttin .worg hours, by an eightharticle
hand’in selling commodities is to give him the pow- issued by Mayor Lee Preston jobs, since 'aw? anonetmt ion
er to manipulate the price of those commodities. , emphasizing the national celebra-millon empioyed.The fact is that
IToSt*1 lying it more directly by far the bulkoftheuremployed
A few decades WO tough and aretunkilled.. only about 5 per
peveer budged while unemployed. ' ‘ " 57 me jority of people here can name were soared out
If this bill is passed, he will be able to flood the Thus i 0 job surplus was
market with any commodity in which there is a '! investigate a report.children “Were created by cutting weekly hours,
price increase, causing business distress and smul-.frightening .horses. They: learned there,Wed be.a shortage of men
taneously reducng employment in the affected in- one boy with a cap pistol causedittakeuthe exta.jobs The gov-
dustry. thecomiotin iernment has embarked on an am-, - . or , ...... ... ...
bitious program sto train idle hm loving and easy going; That mers and business managers, r , i, E t qe ■ meuates
RtnnillllW workers in new skils, but it an- is ' -on those countries 'iha; remains, howeve i „
/ , ' the throes of communism ing possibil
OOES in 7 ■ training to a maximum of 100,000 That is the main reason we are .and corporal ion heads feel too
a year. .. i" t "hu a —-t—— —3— " ... . .
j Developments since then b. ■ /
strengthened the White House de: I
to sit tight officials say , T
"432 32
I
KEEP UP WITH
YOUR FRIENDS
Friends visiting? Have a
new grandchild* Death in the
family? Going on a trip?
That event may not sound
important to anyone else but
your friends are interested in
what you do And your friends
read the Record Chronicle
Why not call the Record
Chronicle (382 2551 ) and ask
for Town Topics. There’s
never a charge for an item in
Town Topics
De
" tainly would cause higher prices
A land thus inflation
5/
/r
44
it I IS bJbM becomes wide- and
Denton Record Chronicle duced the average work hours.
seY ReFEEl
of Charles A Halleck ot Indiana . „
said-"We do not want to make securities markets being conduct
The market s irregular, cceler- th,, market situation worse •• ed by the Securities and Ex-
-n " - ---3 Halleck and the Senate GOP change Commission is expectes to
> ..... .....7 - ‘— ......• -po “ev, ey pvun w,, ur ie sim- leader. Sen Everett Nr DiikK^ pursue its undramatic cour se The
menu, collect more taxes so he pie reason that prices generally of Ilinois did a ’ K SEC chairman, Wiliam L. Cary,
can loan more money. We all were far too high Better yields of proposing "confidenccijg denied with heat a published re.
know of well-to-do farmers, ranch could have been-obtained inmanyprograms. Com eneekiinsport that the commission will
ers and businessmen who put their cases, by leaving the money in But while th, Whit. „ probe what the report said were
landin soil banks then pasture savings accounts. ley went on, the buy-ord^w SEC suspicions that profit-hungry
the land or wil hay from it. They The shakeout was inevitable, professionals set the stage for the
tanks and clear they feel. But it got out of hand-----—== market’s drop, for a fleecing of
land of brush They go to church when emotional selling and then n o t \ i'n the lambs 7 here are no s
on Sunday but would you call forced liquidation by investor* ■ I KAlTK picionsandtherewilbenosch
them respectful citizens? Yes they who had bought on credit, were pop Til 11 4 1 probe, Cary said
are fun loving and more interest- added to some newly recognized ' U- 1 VMA I Summing up, one administra-
ed in TV than whether their chil- facts of economic life These facts -------=-------------- (ion official commented
dren.will live under socialism were: U 1 we confess our. sins he j,! "We are not satisfied with bush
Tou think not Which of the fol-- 1. That the expectation of zoom- faithful and just to forgive sness profits or with our progress
lowing dueslions can you answering corporate profits this year- our sins, and to cleanse us toward full employment We are
guickest. Who is your congress- the thing which put the specula- all unrighteousness. (f John 1 9) taking the measures that should
man. Who plays the parts of Ma-tive bubble on the market boom- Prayer Our Father reveal to accelerate both.
us the uglv things which lie deep "But this is not 1929 and ev-
hearts. Help
Ho« Texas Congressmen were reported as voting on major
legislation last week
THE SENAIE
@ On Ellender amendment to Food and Agriculture Ad of
1962 to eliminate the option of fared farmers to extend for two
years the 1962 wheat program in place of a new permanent sup
ply-management wheat program authorized by the bill. Amend-
ment agreed to S3-ki (a "for" vote supported the President):
FOR THE AMENDMENT: Yarborough.
PAIRED AGAINST THE AMENDMENT Tower,
0 On Young amendment to strike Title, 1 of the above bill
(Title 1 provided a long-term program to retire surplus crop-
land and authorised the Young provision exempting feed grains
harvested for silage from the acreage allotment and marketing
quota controls of the Ellender provision Amendment rejected
36-53 (an "againsi ’ vote supported the President;
PAIRED FOR THE AMENDMENT: Tower
AGAINST THE AMENDMENT: Yarborough.
Q.On Eastland amendment to pending Ellender teed grains
amendment to exempt feed grains fed to stock on the farm in
which they are grown from the controls of the Ellender provi-
sion Amendment rejected 40-45 (an "against’’ vote supported
the President):
AGAINST THE AMENDMENT Yarborough.
• On Ellender amendment to farm bill to substitute for the
one-year extension of the 1962 special feed grains program a
permanent supply-management program which offered farmers
Bootlegging is no longer Die pro-!
Generally when you hold a conference various fitable industry it used to be in
Denton County, according to,
HS a, p
anabhbia as-hour week iimi and pay themthensensible wayasandvote outvately, with the antidotes»
out an olive branch to Gen. Dou- overtime, usually at 1‛ times the Kennedehisr ‘J and .k g, —
glas MacArthr "todav regular pay rate. men Then go take a breath of federal spending
- — - I This would not mean more jobs■ sh air and stand in front of But President Kennedy's advis- teazunn
for others, or more liesure for a mirror and say out loud that ers believe that consumer confi- second
those already employed, ft would you are ah individual, that it is dence is unshaken, that investor iupreleu y spry .
’simply be a disguised pay in-your privilege and your duty to confidence in the stock market Treasury Douglas Dillon thatte
nnansh Thi - a respectible citizen and to will be painfully rebuilt, and,that government would sit ti-ht f., H <■ will be proposed later this -
the effect of the 25-hour weekstand on your own two legs and industry's confidence in govern- time being sion .in a major tax overhaul bill
’-----— -.......dn “het “ het “* "irh 6-----------h - ’ ‘ ’ M the same time, the president intended for Congressactionnext
Of the U.S (’hambet of Com-year: Iis not even in draft form
merce, LaddPhimley, was calling now ,
for prompt White House ac tion. -he administration does iwl fa
VW easing the Federal Reserve
-m-gi* any sexvu uouvV: . .. ’ "B51 “B
Yes we are as a whole, gentle, and fear m-the minds of consu-8 " ' " the interest of non-, .... . — ... ...... „„ ,
' -..... ■ itlationanyazettlements." died mediate bs the Teasory »
l issuance nt new. depre. f
ances for industrial : I
in the throes of socialism today, secure to go ahead with planned ' ni thewwageprice line Hodges was speakihg or him I
communism tomorrow. purchases of new ears, television wiping s21da nmi ke si If Hi?r views are not Shas ed. ad- .
There are two ways to get rid set- machinery; houses. andofrte Ro, 4 .ministration sources said, by K, J
oLthis evil, a bloody revolt and Plants., the. recovery could be prompted ", Dillon, or the s. .
• ‘ - Council of Economic Advisers I .
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Denton Record-Chronicle (Denton, Tex.), Vol. 59, No. 255, Ed. 1 Tuesday, June 5, 1962, newspaper, June 5, 1962; Denton, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1531689/m1/4/: accessed June 24, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting Denton Public Library.