davidaulloa/AmericanStories huggingface dataset:
The globe-independent. (Hagerstown, Md.) 1943-19??, 1952-11-20
To The Mayor and
Council OF The
City of
HagerstOwn,
Maryland

penSeS presents Lne opeTdC-
ing results of The City of
Hagerstown for the nine
months to September 30,
1862, as obtained from the
general books of the City;
the estimated operating re-
suits for the three months to
December 81, 1852, as estl-
mated by responsible City
Departmental personnel; the
resultant twelve months to-
tai for the year 1852; the OPP
Grating budget for the CORE
spending period; and the
difference between budget
appropriation and anticipat-
ed revenues and expenses
for the year 1852,
The statement of Estimat-
ed General Fund Cash Posi-
ton at December 81, 1852
applies to the actual General
Fund Cash in hand at Sep
TENDER 80, 1862, the antici-
pated excess of expenses
over revenue for the three
month period to December
81, 1852, and comprehends
the estimated reduction in
receivables and inventories
between the beginning and
ending of the last quarter of
the year.
The statement of Estimat-
ed Restricted Fund Cash PO-
sition at December 81, 1862
presents the actual eXpendi-
lures of the several funds to
September 80, 1852; antici-
pated expenditures for the
remainder of the year; and
resultant expected balance
at December 81, 1862.
The statement of General
Purpose Capital Improve
mentS presents the actual
expenditures for the first
nine months of 1852; and
expected disbursements for
the last three months of the
year; and the expected bal
ances remaining at the close
of the year 1852.
An analysis of the several
statements submitted indi-
Gates that:
% The net operating
revenue of the City, before
Capital Outlay, is expected
to be S70,545.54 in excess of
budget expectancy.
~ The capital outlay ex-
penditures are expected to
be $207,040.90 in excess of
budget provisions, composed
of $9,653.31 under expendi-
ture of the regular depart
mental capital outlay bud
get, and $216,694.21 over.
expenditure of the General
Purpose Capital Outlay bud
get.
90 The net excess of total
expected expenditures over
expected revenue for the
year is estimated to be $780,
1856 in excess of original
budget provisions for the
same period.
az The General Fund
Net Cash Position at Deem
Der 81, 1862 is estimated ia
be S196,12S.14 as compared
to $339,256.84 for the pre-.
vious year, due principally
to the authorization of CAPT.
tai improvements in excess
of original budgetary pro-
visions.
(5) Authorized general
purpose capital outlay pro
iects for the year aggregate
$319,632.54, as compared tt
an original Budget Appro,
pria tion of $102,938.33
thereby indicating an ovel
appropriation of S216,694.21
in this category, which wher
reduced by the $9,653.31 un
der-expenditure in regular
departmental capital outlay
~, and by the S70,545.5z
of net operating revenue in
crease ~, produces the net
excess over appropriations Of
$136, 1886 stated in 81
above.
The accompanying state.
ments and comments were
prepared from information
and data in hand as at Sep.
TENDER 80, 1862. and do moi
comprehend subsequent mat
ters that may become peril.
nent thereto.
The globe-independent. (Hagerstown, Md.) 1943-19??, 1952-11-20
improvements Authorized Under General Purpose Budget OF

Totals
S 14,2S9.95
$ S4,716.72
S 2O,7OO.5S
$ 1896
S 5,566.34
5 AZ, O64.Ss
S IS, OS6.Ss
5 Al, 225.OO
S 3O,3OO.O0
S S2,S42.57
1919, 6s2.54
$1O2, 93S.33
$216, 694.21
.......--.........-.--..s
The Nome nugget., 1952-11-28
Built In Death Turks In
Steel Tubing Salvaged
From German Arsenal

BEEDENBOSTEL, Germany, (4)
Death turks in the walls of this
small village in the north German
moorlands. BeedenboStel and some
other small hamlets in the vicinity
have been seized by the filters
since Richard Germer died in his
locksmith workshop after seem
lngly harmless steel tube he was
forging blew up in a violent blast.
Germer'S death meant the begin
ming Of many sleepless nights to
villagers who took thousands of
those steel tubes from a nearby
Wehrmacht ammunition d
shortly after the war The tubes
soon were traded on the black
market and some local builders
bought them to reinforce walls
Of small farn-houses.
Others were used to fence off
pastures or flower gardens. Re-
suits of an investigation into Ger
mer's death chilled the bones Of
many a farmer.
The "steel tubes" were special
explosives used by German engin-
GERS in the war against Russia.
Authorities found out that farmer
H. Hoppenstedt from nearby En-
deholz had fenced off his cattle
with 100 such explosive tubes.
They said lightning striking into
the fence would have set off an
atomic-like chain explosion.
The Nome nugget., 1952-11-28
LincOln's Desk Still in Use

CENTRALIA, Ill, (P)-A desk
Abraham Lincoln used in study
ing law in Illinois capital more
than 100 years ago may be seen
in a lumber yard office at Col
conda on the Ohio River. The
useful desk still is in good repair.
Its first owner, Wesley Sloan,
made his Springfield, Ill, law
office and books available to the
young Lincoln. who studied at the
desk. Sloan retired with his office
furniture to Golconda. The desk
was purchased by the late Jim
Walker, undergrad owner, who
put the desk to use in his office.
The Nome nugget., 1952-11-28
$4,000 Mink Pelts To Be
AuctiOned On Dec. 3

VANCOUVER, BE-, (P)-Buy-
ers from style centers from Los
Angeles to New York will be here
Dec. 3 when mink pelts worth
about Sl,5OO,0O0 will be put on
the auction block.
The offerings total $4,000 skins,
ranking from choice dark mink to
glamorous mutations achieved
by cross breeding - with fancy
names such as Breath of Spring
The sale is sponsored by the
Western Canadian Raw Fur Auc-
ton Sales, Ltd, owned by west
ern fur shippers.
The Nome nugget., 1952-11-28
NEW TECHNIQUE MAKES
WATCHES MORE ACCURATE

NEW YORK, (P) ~ American
watchmakers have developed a
new microscopic technique to in
sure further accuracy in the man
ufacture of fine watches.
1t involves the attaching of a
delicate handspring to a collet or
spool" which controls the rate
at which the balance wheel os-
cillates. An "eye-dropper" was
designed to apply adhesive to the
bonding surface.
Since the collet slot is about the
thickness Of human hair, SO little
adhesive is used that a teaspoon
full will last an operator more
than a week.
The Nome nugget., 1952-11-28
Arctic Sanitary Service
Phone RED lsl
IN THE PROBATE COURT FOR THE
TERRITORY OF ALASKA. DIVISION
NUMBER TWO, CAPE NOME PRE-

S1NAi-
Case no. $50
In the matter of the estate of Thomas
Sweeney, deceased.
Notice OF rendering account
for settlement
Notice is hereby given that James Car
roll, administrator with will annexed of
the estate of Thomas Sweeney, deceased,
has rendered and presented his final &C
count in the above entitled Court, for
settlement therein, and that Thursday,
the 18th day of January. 1852, of said
day, at the office of the U. S. Commits
sioner, and exofficio probate judge of
Nome, Alaska, has been set for the set
tlement of said account, and all persons
interested are hereby notified to appear
at the time and place set for said settle
ment, and show cause, if any they have.
why said account should not be settled
and allowed.
Reference is hereby made to said ac-
count for further particulars.
Dated at Nome, Alaska, on this 14th
day of November, 1852.
/ SEAL Helen Bockman
Probate Judge
First Publication Nov. IA. 1852.
Last Publication Dec. 5th, 1852.
The Nome nugget., 1952-11-28
TANGLED" FLIGHT DECKS
FOR AIRCRAFT CARRIERS

Washington and London official
sources have jointly announced
plans to build 'angled flight decks
on United States and possibly
British aircraft carriers.
The new decks are expected to
increase safety by permitting a
somewhat diagonal landing par
ticularly useful in landing jet
planes.
The Nome nugget., 1952-11-28
Ex-oUEEN OF ITALY DIES

MONTPELLIOER, France, P
-Ex-Queen Elena of Italy died at
her villa here Friday. She was 70.
The widow of King Vittorio
Emmanuel III and the mother of
former King Umberto II had been
under treatment by a French can
Ger expert for three years.
The Queen had been living in
exile since the abdication Of Wit
torio Emmanuel in 1916.
The Key West citizen., 1952-12-31
r. audubon Club
! Is cor cgEi zeCt
i Recent Meeting e

The pupils of the fourth, fifth
I'D sixth grades at the Truman
Ementary School met recently in
lie school auditorium for the pur-
pse Of reorganiziag the Junior
lAadubon Club for the coming year.
President Of the group, D. San
dfa Curry, called the meeting to
oder and the minutes Of the pre-
viols meeting were read by John
Jenes in the absence Of the Sec
retary, Joseph Esquinaldo.
Elections were held and Patty
whitley was elected to serve as
gesident and Donald Cormack was
selected as secretary.
a leaflet entitled Adventures
for Audubon Junior Club Mem
bers" and button was given to
each member. 1t was decided to
meet once month and also to
make a scrapbook Of the years
activities.
The pupils of the primary grades
also met and elected their officers.
Katie Downer was elected seere-
tary while Dodie Rohrer was cho-
sen president of the Junior group.
The juniors win meet once a
month.
This year, Mrs. Amelia Cabot
viii be assisted by Miss Frances
Cochran and Miss Gladys Pinder.
There are 100 members in the
upper grades and So in the lower
grades.
The first Screen Tour which is
On January End was discussed and
all members are urged to attend.
The meeting ended with all the
members rising and repeating the
junior. Audubon Pledge: las a
citizen of my country, pledge N.Y.
self to try in every way / can
to conserve its natural resources,
its soil, water, plants and Wild
Life: to protect them from harm
and waste and to strive to increase
their abundance.
The Key West citizen., 1952-12-31

The brides mother wore a gown
.of Alice blue Chantilly lace over
taffeta with seanoped friHed bo-
dice and chiffon trina. she carried
an orchid coF.
The groom's mother was dress
ed in a royal blue chiffon with
embossed floral design. She car
.ried an orchid c0rsage.
A reception for 300 guests was
held Immediately following the
ceremony at the Key West Wo-
mans Club which was decorated
with silver candelabra with white
candles, white gladioli, chrysan-
themums end stephan0tis.
Miss Ramon Rodriguez, Mrs.
Orion Russell and Mrs. Aquilino
Lopez served.
The bride was a 1852 graduate
of Florida State University where
she was active in the Baptist
Student Union, a member of the
G Carnet Key, Alpha lambda Delta,
| Phi Kappa Phi, Sigma Tau Delta
National English Honor Society, !,
/ and was elected to Phi Beta Kappa.
She has been employed for the
past six months in the Transporta-
6ion Division at the Key West Ma
| val Base.
The groom is a recent graduate
of the Georgia institute Of Tech
noIogy where he received a de-
gree in Civil Engineering. He al
| SO served as president of Phi
Kappa Phi and is a member Of the
American Society Of Civil Engi-
Ineers. He is a veteran Of three
years Of service in the Army Air
Corps and is presently employed
with John J. Jarte, Structural En-
gineers; Atlanta, Georgia.
The bride chose as her going
away costume a wine Worsted
suit with navy accessories and a
navy velvet hat.
The couple left on a wedding
trip through central Florida. They
win be at home at 72O Penn Ave-
nue, Atlanta, Georgia, after Jam
uary 5th.
The Key West citizen., 1952-12-31

Tea plants grow wild In Assam.
The Key West citizen., 1952-12-31

The bride was given In mac1i-
age 0v har fatner, and Miss Jo-
anne Watkins, sister Of the bride,
was the maid OF homer.
bridesmaids included another sis
Ter ef The bride, 2Iiss Nancy Wat
ca Hiss Patty Minis of Dagfona
Beaea q COLE
Miss Virginia Russell Of this city.
Dan Bennett was best man ior
his brothef
Tae usaefs included John Mont
saIVatge ard Kenneth Bozo Of this
city ard Parker Mahan of Allan
"a, Georgia.
Mss AIlene Speer offered two
vQeal selections, .'H0W Do I Love
You" Browning-Lippe and "The
Lord's Prayer" by 1Talotte. Miss
Lorraine 1Iahan presented organ
selections from ''Cavaiera Rus
ticana by gnj and Even
ing Star" by Wagner.
TIE bride wore gown Of Chan
tillg lace ever white satin with q
fitted tllnic of lace with scalloped
edgGg covered buttons and a
Que a Anne collar. The gown was
fashioned with a Cathedral train
and a seed, pearl cor0net with
two-tiered veil Of French illusion.
E2r bounuet consisted Of five
spray orchids mingled with ste
pha 31tis.
The maid Of honor wore a gown
of blge chiffon with q velvet bodice
fitted with a nylon tulle skirt over
taileGa with a chiffon velvet boler0
with high collar. Her flowers were
"a nosegay Of American Beauty
roses.
The bridesmaids wore gowns Of
rose eolorcd velvet similar to that
Of the maid Of honor with Juliet
caps of matching velvet and seed
pe s. They carried nosegays Of
white pom-p -poms.
Ihe ring bearer, Miss Alice Wat
kins, q sister Of the bride, was
atfired id a dress of blue nylon
tulle over taffata with scalloped
riIed bodice as was the Flower
girl Hiss Lou Sands, daughter
Of Mr.. and Mrs. Elijah Sands Of
Key west.
The Key West citizen., 1952-12-31
Grace Lutheran
Church Announces
New Year Service

Special services of worship viii
be conducted at Grace Lutheran
Church, Flagler Avenue and
Tenth, on New Years Eve and
New Years Day. The members Of
Grace Lutheran Church viii end
the old year and begin the new in
Jesus name.
Services on New Years Eve
viii begin at TOO pm. Holy Com
munion viii be celebrated in this
service. The thought for the SER
vice win be: "The Passage Of
Time"
Services on New Years Day
will be held at 1000 am.
Friends, visitors, and service
men are invited to join the mem
bers Of Grace Lutheran in wor.
shipping Jesus at these special
services.
The Key West citizen., 1952-12-31
COMING EVENTS

WEDNESDAY. !. DECEMBER al
Navy Wives Bowling League,
Naval Station Alleys, / pm.
Meeting, Junior Oh. Commerce
at clubhouse, s pm.
Island City Navy Wives Club No
ss, meeting at Bldg. 178. 1880
am.
Ladies Coli Tournament. K. VI.
Golf course. 3 am.
Handicraft Group, Naval Station
Library, End floor. 8 pm.
THURSDAY, JANUARY T.
HAPPY NEW YEAR, MOST
Nc ETlNGs SLATED FOR
THIS DATE ARE cANGELL-
Ed. CALL YOUR cg6ANl-
ZATlcsi PRESIDENT TO
ccNrlgA ANY MEETING.
FRIDAY, JANUARY p
Old Fashioned hymn sing and
fellowship program, R0ineiaaa
BapEis inirca S so p.rn
Knights Of Ptaias, meeting at
pythian Hal, 723 Fleming, s
pm.
Fern Chapter, No. 21. Order Of
Eastern Star, Scottish Rite
Temple. 5 PIN.
Officers Club, Fern Chapter No.
q. O.E.S 5 pm.
Key West Amateur Radio Club,
National Guard Armory, 7;a0
pm.
SATURDAY, January g.
Youth fof Christ Rally. Fleming
Street Methodist Church, 728
Fleming Street, 1880 pm.
MONDAY, JANUARY s.
Alcoholics Anonymous, Key West
group, meeting at Q pm.
Methodist AIen, Caballeros Meto-
distas, Wesley House, 8 pm.
Key west Temple No. 81, Py-
THAN Sisters. ak X. ol 7, Hall,
Ts80 pm.
Executive Board, Poinciana
PTA, eli scf0oi, s pm
Key West Archery Club, 730
pm.
Circle One, Presbyterian Wom.
en. with Mrs. f. W. Enander,
so FELTON, Rd,, Sigsbee Park, 3
pm.
women's Auxiliary, st. Paul s
Church. Parish Hal. 8 pm.
WMU, 1st Baptist Church, 5s3
pm.
Circle One, First Methodist
Church 5 pm.
Key West Ministerial Associa-
ton.
Circle Twos Women Of First
The Key West citizen., 1952-12-31

wedding Of prime social significance u ey Vest was solemn
ze5 ID The First Bapt Church pecaber 29 when Martha
cury Watkins daughter Of Commander and 11 Joseph N Wat
na, 1888 Reynolds Street became the brae er NJ Bennett
Of ALr. and Mrs. NJ & Bennett Of 712 Eaton Street.
The Reverend Harold Link performed e double ring
non2 which united the charming couple, who prominent in
West social circles in church decorated with white chrysan-
the-anls white gadioL natted palms and eaaaeahra.
The Key West citizen., 1952-12-31
Service Tonight
At Fleming St.
Methodist Church

The Fleming Street Methodist
Church viii have a Watch Night
service tonight at II pm. The
Rev. J. E. Statham, pastor, will
conduct the service and give the
New Years Meditation. Every
one is cordially invited to attend.
The Key West citizen., 1952-12-31

Ordinary table sugar dissolves
in about one-third its own bulk OF
cold water and in even less water
if the water is hot.
The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1952-03-15
White House Press
Members Register
At Casa Marina

The members of the White
House Press staying at the, Casa
Marina hotel include radio and
newsmen. Among them are Mef-
riman Smith of the United Press.
Ernest lTony) Vaccaro. Assn
ciated Press, John M Fisher AZ
the Chicago Tribune. and M
drew Tuily. of the 7Scripps-H Os :
ard newspapers. liaaj j.
10 Other Presidential Press fllefi.
bers atathe hotel snare,sa Efpklr
Bourgholtzer. NBc; Edwin Hkf;
by, Robert Nixon, John Edward,
and B. Costello. K K
Also registered are Robert
Ruth of Bethesda, Md; jack
Steele, N. Y. Herald Tribune, and
Mrs. Ruth Montgomery. N. sY.
Daily News.
Not of the Presidential party
is Clementine Paddleford of This
Week magazine and MIR. md
Mrs. Lou Levy. He manages the
Andrew Sisters.
The Key West citizen. [volume] (Key West, Fla.) 1879-current, 1952-03-15
CONCH
:
CH0WDER.
by RAINIER

To celebrate the Presidents
return to Key West, the Trade
winds, by special demand, rein
troduced The Truman Song"
mentioned last fall in Time Mag.
azine. The original composer.
Bob Printz, is now in the Virgin
Islands. Pianist Ed Staley, sing
ers Rae Waller and Bob YOU
mans carry on in the tradition
with terrific impact and plenty, OF
harmony. Press correspondents
from the White House party
aren't the only ones who greet
it with applause and outlaws.
Tourists love it and strain their
ears to catch the tricky lyrics
set to bits of martial music and
an old popular ballad, I'm just
Wild About Harry" which re-
vivad with the Charleston land
the Truman administEationl.
There have been a few changes.
and additions
Youmans, young Key West at
torney who sings in a rousing
baritone voice. brought in copy
of the words. Here are some
souped-up excerpts for the many
persons who have enjoyed the.
show and who have requested q
printing, There's no space for the
entire song, but this should helR:
In Key West here, bout once.
a year, we suffef through .
stretch OF, lousy weather. North
winds howl and breakers groWl
horrible, for man and beast.
That's when the navy, hit-the
rack-tive, gets real active. That's
when the Secret Service bows to
the East. They hand out sass,
they polish brass Kiss the
Purists, quiz the tourists +" ct
cetera.
Then TO Sousa's rousing "Stars
and Stripes" it goes: Here come
the boys from the press! Shout
and hail, Harvard, Yale, Bienve-
nitos. Here's where we live on
the crust, we're having a three
weeks bust. It's always foul
weather when Harry slips his
tether Sound the fife. Time and
Life Loud sport shirts are
up in price. Gambling rooms all
hide the dice - Pick your feets
up, shine the streets up!" =.
And in the Super-man style,
whats that loomin' through
the sky? A-zoomin'? A bird? Nc!
It's a plane! It's Super No!
It's HARRY TRUMAN!"
$50 we're all ready for Harry.
Is Harry ready for us?" AH3aRc
on, merrily! You'll have to Heal
it for yourself. Words without
music can't convey the fun and
zest. and the cards are on tlfi!
table, not played close to the
vest. =
! CORRECTION: That was no
misquote in Thursdays column
in regard to Miss 81" A line was
left out and thrown for a loss.
The line was supposed to read,
$50 what? don't have to, Sgst
home early" With accent on the
capital ~"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1952-09-16
Average Family Loss
Turns Into a Saving

The average American family
didn't spend $500 more than It
earned in 1850, after all-it just
seemed that way. The average
family saved $500 in 1850.
A Senate-House Economic Com
mittee tried to set the record
straight today.
It released q statement from
Stuart A. Rice, the Budget Blu
reals assistant director of Stats
tical standards, saying that mis-
Interpretation recently accounted
for report that the average
American family lost" $500 in
1850.
This figure came from q Bureau
Of Labor Statistics survey which
said families reported an average
earning of $4,000 and average ex-
lpenditures of $4,700.
Mr.. Rice, however, argued that
families don't remember how
much they spend or even how
much they earn. The survey, he
said, was intended to show what
families bought. rather than how
much they saved.
Actual savings, Mr.. Rice said
were substantial" no matter how
it seemed.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1952-09-16
Lewis Proposes Union
OF All Labor GROUPS

John L. Lewis yesterday pro-
posed fuSing all American labor
unions into q single powerful
organization.
The United Mine Workers chief
made the proposal in response to
an appeal from ALL President
William Green "to come back
to the house Of labor and live
with U.S."
Mr.. Lewis, with the approval Of
the miners National Policy Com
mittee. telegraphed Mr.. Green
proposing immediate action.
Mr.. Green has not yet COM
mented on the Lewis telegram
Earlier, however. he had told the
AFL convention in New York that
Mr.. Lewis is "the great disrupter
and divider of American labor. y
If Mr.. Lewis wanted unity, Green
said, the mine workers should re-
Join the AFL.
Time is Of the utmost i'm
portance, in view of the necessity
Of labor exercising its strength in
the forthcoming national cleo
tion," Mr.. Lewis declared.
The miners union has been In
and out of both the AFL and the
CIO, which Mr.. Lewis helped
organize. At present the miners
are affiliated with neither.
There was no immediate COM
ment from Philip Murray, presi-
dent Of the CLIO.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1952-09-16
Sick Veteran Can't Regain Coi
Until Bill Is Paid, Judge Rules

There's more bad news today for
the Marine veteran whose car was
seized by a garage owner after he
failed to pay a repair bill on time.
Municipal Court Judge Mary
Barlow has ruled that former Ma
Irine Peter Myers, "a. cannot re-
gain the car until he satisfies the
garage claims against him. And
these have now increased by $50
because of a charge for storage.
Mr.. Myers hasn't learned of the
ruling. The twice-wounded vet
eran is in Bethesda Naval Hospi-
tai, where he under went an oper-
alton Friday on his foot.
His wife, Joan, was tending
their 7-month-old son when in
formed Of the court ruling this
morning by q reporter. She was
distraught.
Wife Is PeSsimistic.
1--WE haven't had the car for a
month and half" she said at her
home. 1900 Orren street NE.
Peters in the hospital. He's not
working, of course. 1t hurts him to
walk Well never get that
$50"
Evening star. [volume] (Washington, D.C.) 1854-1972, 1952-09-16
Waits Is Easy Winner
I'm Rhode Island Vote
BY the Associated Press

PROVIDENCE, r. l., Sept. 49,
James o. Watts, a Narragansett
attorney. won the Republican nom.
ination for Representative in Con.
lgress yesterday to oppose incum-
bent John Fogarty. unopposed fol-
the Democratic nomination, ir
November.
/ Mr.. Watts received 9,744 votes
Ito 1888 for Howard Nelson
Charlestown carpenter. Mr.. Watts
had the backing of the G. O. p
State Central Committee while Mr.
Nelson was Endorsed by labor or
foundations.
This was strictly q Republican
primary.
The Democratic primary will be
held September "a. Under State
law, respective primaries must bt
held on different dates.
Lack Of Statewide contests re.
suited in a very light vote.
In the Second District fight be.
tween Mr.. Watts and Mr.. Nelson
10,927 ballots were cast-only 81
per cent of the eligible vote.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1952-09-16
u, 5. Power Projects
Should Be Sold and
Taxed, Wilson Says
BY the Associated Press

NEW YORK. Sept. 16.-The
Government should dispose Of its
power and water projects and
similar public enterprises to pri-
vate owners. Charles E. Wilson.
former head of the ONCE Of De-
Tense Mobilization, said today.
He proposed formation of new
companies to operate the present.
ily aforementioned facilities.
Owners of Government bonds
then could exchange their bonds
for stock in these companies.
/ Mr.. Wilson said the retirement
of the exchanged bonds would re-
duce the national debt by SGT oil
lion, or 10 per cent. In addition,
he said:
Instead of being tax-free, the
new companies would pay taxes
approximating a billion dollars
yearly.
This action, he said, would
launch second era of trust-bust-
ing against what he called the
most insidious monopoly of all, the
out and out economic dictatorship
of few politically powerful men,"