The Hardin tribune-herald. [volume] (Hardin, Mont.) 1925-1973, 1951-07-12

Representatives of ts United Nations Nth troops in Korea are
sbown as they bd q STRATEGY" meeting at the state department to
seek a formula for united action on he Russian proposal for q truce
i" Korea UN Officials reported peace prospects @s definitely good
A MONTH TO ARGUE--cOngresdonal action in economic controls
According to the average Americans concept of government, the
congress OF the United States is supposed to reflect the will and desire OF
rushed through a bill extending the nations economic controls for 81 days,
but slappng an absolute ban OIL price ronbacks and most new price cell
ings, it began to look like the average man on Main Street approved the
high prices that prevail today.
Two main facts caused most of the nations reporters and analysts to
this conclusion: ID The cost of living for the average family is higher
today than ever before. S9 per cent above that of June Is, 1850 tsee story
ceilings.
inundated by special interests, pointing to the activities Of the beef and
textile industries, the national association of manufacturers, and the real
estate lobby in recent weeks.
Michael Disable, OPS administrator, put it like this: Enemies of price
control ma gnfy errors and twist facts. They urge business as-usual in UNI
usual times. They deliberately confuse free enterprise with irresponsible
license: They miseonstrue and msstate OPS action to the point of out
Presenting the other side of the picture, Senator Taft of Ohio, said:
There is no reason for rationing businessmen outside the defense pro-
upset all normal business relations. They are a step toward socialism
The next month win be one of bitter debate o price, wage and rent
Legislation. What form it will finally take is anyones guess at the moment.
But it is a fantastic superstition that says the average American favors the
high prices of today. -.
COST OF LWING-The fact that this country has already taken the
first dangerous step on the ladder of initiation was indicated again by the
governments latest cost of living index
The index of the bureau of labor statistics rose to 1854 per cent of the
Korean war began and sets a new record high.
As result because of "escaator" clauses in work contracts. well over
a million workers in the railroad industry received hourly wage increases.
The increase in cost of living was noted in apparel house. furnishings,
rent, and miscellaneous goods and services. Food was the only item that
showed a slight decline. .@
THE FUTURE-Assitant Budget Director Elmer B. Stats predi.
ton that deense-swonen federal spending win level off in 1855 at s65ooo.
100000 a year and remain there indefinitely is an indication of things to
come for the home towner. It was an indication that defense spending viii
continue at a record peak for years and high taxes are almost a GER.
tainty. 3 @&ZE ~~-~-~ Co., - - II @#@ g .z.
st s,a ats reported : nsl goy .saat ss s sgs o1 oo' dq Hs forecast 1882 a, : , yss5. ' which !.
tween $50 and 500 billion in 1858 was startling.
Meanwhile, the treasury reported 1t closed its books July / about
s6OOO OO0,0 900 better off than it had expected. -= a.
It had been estimated by the experts that the government would run
more than ST. 7O00 100000 in the red during the past fiscal year. Actually,
the government had the second largest budget surplus in hiSory-more
than 3d. O0 900 600 in the black.
Government tax receipts totaled approximately SAB billion between
July i, 1850, and July !, 1851, the most money ever collected during a
single year. outstrpping the peak wartax year of 1914 when revenue
totaled Sis 700 100000 RNTs ~ 81 rs a# @ # =.