davidaulloa/AmericanStories huggingface dataset:
Evening star., 1955-02-28
HOUSES FOR sALe-N.w.

cgfSx BfS. eaAst saAs 81: p siess S slsssS sslsSia
. built fust prior to the war, 5 nice
bedrms 1st-fioor den or breakfast
room; slate roof; OIL h.-v. heat
20 fast. Cali Wo, $500 I'll til 8 pm nm
EpW. H. JONES q Co. INC.
CHEvY CHASE, b. C.-rerrif,c value
only S2S.500. You will be abso-
lutely amazed at all this house with
Its true center-hall plan; huge liv-
ing room and dining room. and q
kitchen that needs to be modernised;
ideal for entertaining. FIVE TWIN.
SIZE BEDROOMS. 3 BATHS. Sold
to settle estate. Vacant. In our
opinion a dozen people will try to
buy this house after reading this
CALL OIL. 6-6S76. THOS. ]. FISHER
a CO. INC: pI: 5-es3Q:
Now is your finest opportunity Il
deal on this brand-new luxury home
Brick and stone, spacious, bed
rooms. with finest appointments
throughout. Ideal floor plan, den
clubroom, garage. Trades considered
Assins Asyns $500. Evening" call o.
INC, DI. 7-6s30.
CHEVY CHASE, D. C.-ses. $50. Sub.
stantial red brick Colonial: hvins
rm:. din. rm.,. KIT. breakfast rm.
bedrms... 2 baths up: fun bsmt.
partially finished. gas a.-c. heat
level fenced lot; det. gafage: clos,
TO schools; vacant. Immediate pos
session. BnLIN0eIEY REALTY
CO.. I'm, 2-2326 till o pm.
Evening star., 1955-02-28
MOVING, PACKING, STORAGE
HOUSES FURNISHED

STUDIO HOUSE, nicely furnished,
freshly painted. on beautiful estate
busiine and nr. Boiling Field Sc:
500 mo-, incl. utils. 10. 3-5671.
1850 CALVERT ST. N.w.-s rooms,
2h baths; excellent condition: nicely
Ornse'i sonaSies E%. n. s sssss4. "'' 81 +.
CHEVY CHASE pedrms:. Sl75: 4
bedrms.. $500. MRS. CLYDE g.
pUNNINGToN. OIL. 2-2635. EN-; q
seeBssff6iRM. HOUSE. large yard, be-
tween sweessnao Alex. and Fort selVoir. .aS yu'
NEXR ARMY MAP sERv1cE-s bed
rms. 2 baths. fireplaces. oil h.
VIII. screened porch; 500 mo-; mr..
transp. MRS. BURGESS, Realtor.
Hk%y fhSs srSid STasE g. "a RA,b4sS a4aIa Is Bed
rms, 2 baths. disposal. dishwasher.
Bendix. huge y;-din; Em;, $3.50.
81. oL a-ssss.. In. 's-s5sSi .@as
ALExANDRIA-2-bedrm. brick: conv.
schools. shop. transp, Bendix. sI25
NO. ARL,-Brick. det., 8 lse. bed
.screened porch, garage, fenced yd..
IA. b-esas or Lu. a-4esi. q :
WE SPECIALIZE IN RENTALS
Large country home. acreage. blk.
from bus: 4 bedrms., 2 baths: 5000.
MALORA r. CHRISTIAN. INC.
1905 Wis. Ave. NV. WO. 6-2923
WE HAVE A FEW 2-bedroom houses.
Immediate occupancy. Reasonable
rentals In Virginia. Call IA. 2-4S00.
WRIGHT REALTY, INC.
! North Glebe Rd.. Arlington. Va.
Evening star., 1955-02-28
cHURcHEs FOR SALE

MD. - Pictureuut
English Colonial. rubble grenite, fully
equip. church. Also Sunday schoo
bldg, sep. heating plants; bsnt
with auditorium and fully equip
kit. Quick possession. JOHN H
JOHNSON, WA. 7-505O. u
Evening star., 1955-02-28

CHEVY CHASE, D. CT sle.esQ-
Brick Colonial with slate roof; Nv.
rm., din. rn-, KIT. breakfast rm. on
LIST Aoor; 8 lge. bedrms and BATH
up; full bsmt.. h-wh; det. brick
garage: close to transp. and schools:
excellent finaneing; II BIdILIIMosLEY ~,
cEEHEIxsS EE1kTx CO. IN aaSS IN I%
brick townhouse for family living.
summer and winter entertaining;
gracious hallway. den. powder room,
handsome living and dining rooms:
5 bedrooms. Exceptionally large,
bright clubroom at garden level
EM. EN- $500. ). NELSON HUGHES.
PARK-Kennedy built:
attractive 4-bedrm.. 2-bath brick
with den and modern kit. conven..
iently located near Conn. ave; and
priced TO sell. THos. L. PHILLIPS,
FSREsT SR Fiji Hill. D, c,-seyer.l mos.
attractive 8 and 4 bedrm. brick
homes: available in this convenient
exclusive neighborhood. Call LEGUM
4 GERBER. EN-. $4,000 TIL Q pm.
sees WATSON ST. NV. Briarclifi--
bedrms. and 2 baths, $42 500.
OLIVER 7; CARR. Ma. s-2s6s OF
BGREsT IN SlSOSoi Or srANDARps-smsrt.
new brick townhouses: 3 bedrms..
powder room. daylight basement;
"A block on Conn. ave. Only $22.
$50: Call LEGUM q GERBER. EN-.
s0f ssnd ST. NV. Pogsy Bottom
Reconditioned inside and outside.
Worth an investigation. S16.450,
terms, OWNER, Ma. s-2so5 or Ma.
S-6093. --2S
Evening star., 1955-02-28

FALLS CHURCH AREA--3-bedroom
esrport. nice fenced lot; cioss 70 new
Grade school. Available Immediately,
$3.50 per mo. Call LURlA BROS
"A. 7-sboQ or drop in ct 2o4e
Wilson blvd.
Evening star., 1955-02-28
PRINCE GEORGES COUNTY

ANDREws.sUITLAND AREA; $13.'
b@riSk BRICK cape Cod With exp. End d.
Reamy. RE. 6-7O1S.
LANGLEY PARK: S13.950-Mod. s.
bedrm. brick rambler; GE all-elec
kit. fireplace. level fenced yard; q
small down payment: Call HE. f.
NJ s4o9i nIISfHRspes;si HIGH 7: psSk' b.r..,n: .t
trac. 4-bedrm. BUNGALOW. auto. h
VIII: near parochial schools ans
shopping center: priced right fol
quick sale. easy terms. Call OWNER
UN: 4-275s or Mr.. oDUM. RE
PARKIawN-Nr. iSE Gi Rigs I'd. and Aga,
utility rm.; 4 yrs. old: GI approves
SI3. $50. Cali HE. 4-6400. HUGH T
LEWiSDALE-Loveiy 4-bedrm. Cap,
God brick; bsmt.. stove, Jrefgr:
ys4s ysnish H. sshoo Snsf 81 sppiovts sanis
$l4. 90; nothing down, mo, pay
ments Ike rent. JOHN H. JOHN
RTVERDALE, 5000 Rittenhouse St
Attractive 3-bedrm. asbestos-shin.
gled house. completely. refinished
new kis lss liy rm iant,,,, din rm .ns aat
scsped yard. sox135, and . Sea
from the Riverdale School ant
within walking. distance Of buses
streetcars and stores; $l2'950l
sEsRRooS TsTms owNER wnGRSs o. nsv sssos sss.s1m i'm;
brick rambler; full bsmt.; aii-elec
kis and dinette comb: natura
wood cabinets; plastered walls: lge
wooded lot: S14 .45O with $1,50(
cash. GRAcEN +. SCOTT. WA
AcRa ciEeo1 Of fli GsRouND- Ii b.drms.. rms .
Im., '; with II fireplace. 1ix14 lit. smnt m
dining rm. Moderate down pymt
Sali Mr.. cTS;s; e ), Lu; c 5-7e4a IS. MAR 54e;
si4i.ssS-slsEbR&.' siit4i R;S aGi f1RRSGs' 1m-b..h ram
rd.: S1.250 down: assume ~ @.
loan; rFSr Fer details, eall JOHN SdNo L
NEAR ANDREWS. s13, ,950-7-room
H. 1m .aa Gspf iissS.n eSS ssSr1i s:S aa sHs'
storm windows; sx2o incl. baci
for fSfea ehildrsn. ire cSsiS cY. S.sss1. cs0' '0sA
IDEAL FOR LARGE FAMILY
5-bedrm. home in Decatur HEIGHTS
excel. cond.. well-planned Kitchen
27-ft, Iv. rm.. 2 lge. closets, ceramic
tile bath; full dry bsmt. with II
bath. gas h.-w:h.: Gear garage: neal
IL minutes downtown via Wash.
BALTIC. freeway. See this ideal home
for lge. family. Only S15,500, easy
terms. Phone UN. 4-356S.
Tbi1I,1y,o q Por3rOo,,oc
Evening star., 1955-02-28
BETHESDA

1903 cheltenham DIVE; 3-bsdrm.
:ss ss.s VAN s1 y .esss s:' ~. rs :ss
ment. cali Mrs.. walker, EM. 3-2533.
co n CO.. UN, H-lb26.
Evening star., 1955-02-28
BUSINESS OPPORTUNITIES

RESTAURANT. beer license. sood le, 10
sssS rson eon '5s owN 1sRs isess' H. s$Sss
GRILL-TAvERN-Nearby Va. shop
ping center location in fast grow
Ing Summunity. No competition.
s hsfss ftarss sn ana aad s sas ssme
as new. Owners misfortune is your
opportunity. Priced only S14,5O0
with terms. Investigate today. Call
Mr.. Brown with YEoNAs REALTY.
REsrsST8haaaT?. s1T8haaaS IA located a.asfS on Route /.
in nearby Va; A.B.c. license on
and-ofi sale: seats rs; lge. parking
area: business is completely fur
nished and equipped. Price only
$9,s90. with terms: To INSPECT, call
"a "a s;2hSo' "a; .;l;. 7;ls4a; 49,, I.7ss
5s inch blade, edser. frewood saw,
planer, CUTOFF saw. tractors and
truck. For appointment call RE.
~ REPAIR BUSINESS. in CROWNS
0Gs 5Sss Of faS':t RAJ :slitss7. .' 'An Nss
MOTOR COURT, Niagara area ia
units, plus home: modern: easy oper-
alton; Terms. $4,000 tbkrJ. Box
DkY ass-v; vG;LEANERs stAnSiR - Can use some
wholesale laundry and dry cleaning
business, For quality work. phone
RESsTAURANT-LToUoR. historical
atmosphere. located In busy shop
ping center near many large aptss;
kitchens, large walk-in boxes. COM
plete bakery. etc. Owner must sacri-
hce. Total price only $4,000; terms,
$7.50C cash down. w. Z. THRIFT,
Excl. 1411 Pa. ave. NV. Ma, T.
wANTED-Furniture store for out Of
city buyer with substantial cash.
any good location. W. e. THRIFT.
Broker, 1411 Pa. ave. NV. MA, g.
.LUNCHEONETTE-sODA FOUNTAIN
on Conn: ave-: beautiful equipment
incl walk-in box. ice machine. elec.
dishwasher; etc, seats %, Can be
handled with abegt $4,000 cash
PSWn Ss' ave. W NV, =. NA. s-a74s sa'i -as
DELICATEsSEN AND RESTAURANT.
near Rhode Island ave. and 9th st.
month lease with SO months option:
Price $500. 81 1000 down: JOLISs
otn St. NV, NJ. O-OoEo. 80
TAVERN. BAR, MITE CLUB-One Of
largest and busiest in nearby Md.
For sale by owner who is Ill. Ter
reffc volume. high profit. Substan-
tial cash REQUIRED. No brokers.
Box 113-V. Star. -2S
HARDWARE sTORE--First time Of
fered In D. c.: 1854 sales, S67. 900;
dollar for dollar for stock, plus flx.
lures. Call Mr. Sitkin. KE. 6-932S.
Exclusive. METZLER. IA. 5-7575.
BEAUTY SALON, downtown location
Comp equipped. air -cond., sale or
sale: prac. new: fast-growing Nd.
suburb: an excep. buy. EN-. 3-4217.
--2S
DRUG STORE-Sales over $4,000.
Low rent; shows well above aver.
profit for partners or individ. $685.
900 cash required. Box 163-V. Star.
-2S
MOTOR COURT in nearby Va, doing
a good business. requires high-class
operator and substantial cash down
pymt. Exclusive with A. SLATER
LAMOND, Realtor. 917. Prince ST.,
Alex, Va. XII. 9-3392. day or night.
l. BLOCK, Senate. omce-s-rm.
house, store 30x40. Immediate oc-
cupancy. Beer permit, LII. 4-1100.
1NYTYJY3Y5 cyYYNn
Evening star., 1955-02-28
3 HOUSES FOR SALINE.

WOODBRIDGE. 1925 Lawrence st. ne
BUS at corner; IL rms. 2 baths,
fsSlaEs aME ANp asi' NvEsT%Es WI fu'f Roass
MOSS, Realtor, HO. 2-6020; ewes,
NV In sFoyiDENcE sisssSi HOSPITAL All AREA
--S12.50O for modern 3-bedrm.
terms; priced ST 900 below va sp.
praisal; quick possession. Cali Mr.
Clark, RA. 3-9011. MARSHALL j.
WAPLE CO.. Realtor. 1874 14th ct.
NV. AID. 4-2005.
20 l4th ST. N:E;12-family; LIST
bargain. phone eve, TIE. 6-2233; I
T. GRAVATTE, Realtor, Ma. s-0753
NEARN. HAMPSHIRE AND EASTERN
AYES. N.E.-Det. brick; 8 rms, l u
baths; trades. terms. Also, det
brick near Coolidge High. Mr.
Maury, TU. 2-3926. MARSHALL J
WAP1E co. 1924 14th st. NV,
Evening star., 1955-02-28
HOUSES FOR SALE-S.W.
4-FAMILY UNIT

4-FAMILY UNIT
Why pay rent all your lAe when
you can buy this? Live in one apt
bldg. We have such q unit in q
good white location. Call Mr.. Lueck
Ma. S-2040; ewes, WO. 6.6733.
Evening star., 1955-02-28
GEORGETOWN
FRED SMITH co.

NEW HAMPSHlRE AVE.
BY OWNER. lovely decorated 3 bed
rm., 9 baths. Finished recreation
rm. with outside entr.: q dream
electric stove. Aluminium awning,
front and rear. Excellent condition.
Must be seen to be appreciated
Asking price. $4,000. RA. 6-0576.
Evening star., 1955-02-28

BETHEsDA-contemporary split level
i6x22, separate din. rm., dishwash-
er, disposal. breakfast space In
kitchen, good sized bedrms.,
baths, large basement with tile
floor; spacious, clean, bright rooms;
immediate possession.
TOWN d SUBURBAN, I'M. 2-Q40O
Evening star., 1955-02-28

Annandale Farmette
1O-RooM HOUSE ON 8 ACRES
Here Is spacious. substantial. Older
house with 2 baths. oil heat. bis
Ing distance Of schools and amons
good homes. The barn will stable
10 horses and the gently rolling
fields provide plenty of room fol
riding. Live comfortably on land
that Is q sound investment. Price
S42. 900; S15. 900 down.
MASON HIRST
Va JE 2.Sk1E
Evening star., 1955-02-28
CAPITOL HILL
S73.33 PER MONTH

$73.33 PER MONTH
$40 Md. ave. completely Iemodeled
1895 DOWN
2 YRS. OLD-IMMACULATE
Semidet. brick; 8 rms, Q baths Il
on 1st H.. Knotty-pine rec. rm.i
gas heat. Balance like rent.
So CRITTENDEN ST.
Name Your Own Terms
Brick, 8 rms. IN baths, rec. rm. in
bsmt., oil heat: Lee. yard. Ii. g.
7043, La. 6-6562.
WILLoUGHBY REAL ESTATE CO.
ASSUME 40 CT LOAN
$3.50 dn.: 1st fr. POWDER RM.; va.
cant; semidet. brick, nr. new Prov
Hosp; 3 bedrms.: bsmt,. fenced
yard; storm windows. Call o til D
LEO M. BERNSTEIN CO.
1000 P ST. NV. co. 6-353s
VACANT-$12,515
NO DOWN PAYMENT TO VETERAN
Finished knotty-pine rec. Im. In full
bsmt., 3 hedrm.. brick. with efficienc,
kit; vic. Riggs I'd. and n. Capitol
b4 Crittenden q. ne. Nj. Dotson
Iu; <-4e1s. COX q CO.. ON. 4
Evening star., 1955-02-28
OPEN SUN, 3-5
1903 uPSHIIR ST.

81 900 down. Vacant. clean. gas
h.-w.h. 3 porches. front and
Frigidaire and stove. Balance ike
rent. MA. S-7772; ewes. JU. 9-7822.
Evening star., 1955-02-28

ccacnPls1e sss. to st.Sil, Z & As5ioDsnl si:aa! :l
no. 7.2s2S. PBTTTPHER REALTY
RIVER TERRACE
N.E.-One Of these fine modern 2.
bedrm. brick homes with. front
pssahIe pSssn ena q ya Ia onsemsnt fe a a,a.n nSw
% call early before it's gone. Mr..
kitchens. ATLAS REALTY CO., ST.
Evening star., 1955-02-28
Chillum-3 Bedrooms

OPEN ALL DAY
sos BERKSHIRE DRIVE
S12.250 2-story brick located neal
shop. transp. OF or Non-G1. Agent
on premises. COX d CO.. uN. 4.
Evening star., 1955-02-28

ANNUNCIATION
PARISH
5 bedrms., 4la baths; brk. and stone:
about Is yrs. old: lovely paneled
recr. rm. with firepl. and bar: rear
screened porch. fagstone patio:
mod. kit: mr. st. Adams Cathedral
School and Annunciation parochial
school. EN-. 2-2216. Ewes. Miss
Albert, WO. 6-4aT4.
MERRYFIELD & WOODS
Evening star., 1955-02-28
COFFEE. SHOP

COFFEE SHOP
For lease in high-type apt. hotel:
new equipment: very attractively
furnished; room for expansion; suit
able for man and wife: can be
leased on reasonable basis: refer to
experience and capital. Box 39S-V,
Star. a
COLORED - BEAUTY OR BARRIER
SHOP, 211 D st. NV, with recep
rm., bath. CO. 5-S293. UN. 4-7045
Evening star., 1955-02-28
HOUSES TO SHARE

WILL SHARE HOUSE with one or tw
other girls. RA.s 6-5784: -2S
The Lincoln times., 1955-03-10
THURSDAY, MARCH 10, 1855
IGNORANCE SERVES COMMUNISM

IF we are to remain strong the American people must
understand and appreciate the benefits which COM
petltive private enterprise system brings them said G.
Keith Funston President of the New York Stock Exchange
short time ago. "If people to through the
false propaganda directed against private enterprise they
must have better understanding of just how that system
works"
Then Mr.. Funston dealt with misconceptions with
which he by the nature of his position particularly
miliar He continued, 1T is no news that Wall Street
for years has been the number whipping boy for
munist and fellowraveer propaganda And the factor
which encourages this lewng effort is the widespread
lack OF information among Americans to the important
role which the securities industry plays in economy
Graphic evidence of this is provided by public survey
Only % per cent of people accurately describe
what common stock "a per cent know what the
job OF the New York Stock Exchange really is Only SO
cent prepared to say that the Exchange does itself
own the shares which are bought there by the public In
other words, only minor fraction of people know
that our Exchange serves the auction marketpace
where under conditions of full disclosure and high ethical
standards all Americans freely buy sell corporate
shares to other Americans"
ignorance of this kind-and it extends to many areas
of economic lfe-plays into the devious hands and
minds of the communists and all those who would de-
stroy freedoms Every effort must be given to letting
light into the darkness
The Lincoln times., 1955-03-10
SENATOR
SAM erwin
* SAYS *

WASHINGTON - Major leg
islation which will be before the
Senate later on is now being
framed in Committees.
TRIPS
While duties here have kept
Senators tied down for the most
part. I was able to get to Wash
ington and Durham, North Caro-
lima, for meetings. These trips
afforded pleasant respites from
the fast tempo of things attend
ant to Congress when in session.
I spoke at Virginia's Jeffer-
Son-Jackson Day Dinner in Rich
mond on last Friday night. My
subject on that occasion was
Our Heritage: A Blessing And
An Obligation" referring to the
Psalmist of old who asserted
The lines are fallen unto me in
pleasant places yea. I have a
goodly heritage
HERITAGE OF LIBERTY
, We received our heritage in
trust for. ourselves and our chill
dren and our children's children
from all those men and women
both great and small, whose
blood, sweat. tears, and prayers
made the America we know and
love a living reality.
Our heritage Is liberty. While
liberty has blosSemed in our land.
love of liberty did not have its
origin here. 1t was brought hither
by courageous men and women
who craved above all the things
of earth the economic freedom.
the political freedom, and the
religious freedom denied to them
by the tyrannical rulers of the
Old World.
Since so many men now appear
The Lincoln times., 1955-03-10
ON THE WAY u P

There time when the railroads had pretty much
of monopoly of commercial transportation in this
try That goneother carriers have been developed
and have grown and today transportation is highly
pettive enterprise But does that that the import
ance of the railroads has diminished?
Some high government officials, who may be trusted
to take objective view, have given to that
question Here are a few such comments:
Secretary of Commerce Weeks said, The railroads
make up indispensable element of the nations trans
portaton network which supports production in
peace and permits rapid expansion to meet emergencies
Senator Humphrey said, The economic strength of
America still rests largely upon the railroads and
not afford for moment to forget the vital role they
play"
Interstate Commerce Commissioner Arpaia said
Railroads not their way out they their way
up. This nation should be grateful that they are.
Under Secretary of Commerce for Transportation
Murray criticized "outmoded and unreaistc regulatory
policies" which seriously impede railroad progress
The role of railroads in national life is greater
than So is the need for modernzaton of regulatory
laws in order to permit all the carriers to best fulfill their
functions fair competitive basis.
The Lincoln times., 1955-03-10
WHAT GOVERNMENT CAN'T DO

The London Economist is Engands foremost publica-
prise can be made efficient by government planning
Nothing that governmental action do it observed will
be quarter effective in promoting efficiency (which
in promoting rising standard of livng) the
compusion that competition provides
The Economist knows whereof it speaks-Brtain has
had full measure of socialization and government do
naton of enterprise The result depressed living
standards and the mmnence of national bankruptcy Not
until moved to stop the socialistic trend
and lift of the restrictions did Britain befn to
cover Let us profit from her costly example.
The Lincoln times., 1955-03-10

so anxious to swap the reality of
human liberty for the mirage of
economic security, it would be
well if we would pause a moment
and ponder the choice our an
cestors made when they forsook
the comparative security of the
Old World for the terrifying in
security of the New. 1t was not
without many pangS of regret
that they turned their backs for
all time upon the scenes of their
childhood. the graves of their be-
loved dead, and the comparative
security of the then civilized
world.
Why did they do this? The
answer is simply this and moth
ing more: They believed that only
the slave, who depends upon a
master for the bread of bondage,
is really secure; and they knew
that only the self lf-reliant soul,
who SpurnS security for oppor-
tunity, is truly free. For this
reason. they chose liberty rather
than security.
RECIPROCAL TRADE
HR l. the Reciprocal Trade
Agreements Bill, has caused a
lot of mail to be written from
folks employed in the great tex
tile industry of North Carolina.
This bill. now pending before the
Senate Finance Committee. will
be carefully studied, my colleagu-
es on that Committee have advis-
ed me. No one can predict at
this time what the final form of
the Bill will be when it comes
to the floor of the Senate. hope
that the Finance Committee.
headed by Senator Byrd, will
The Lincoln times., 1955-03-10
PROTECTING A BASIC RIGHT

The right of American citizens to get and hold Jobs
without any compulsion to join not to join any union,
is basic to free America.
Seventeen of states have laws which protect this
right and states considering the passage of such
Right To Work. legislation.
Fortyeight million out of the 81 million workers in
the natonthree out of fourdo not belong to unions
They include many who work in offices restaurants,
tail stores on farms and in many other fields.
There is no compelling argument against COM
pulsoy union membership And their right to Join not
to join in order to get hold jobs is protected by the
Right To Work" laws.
The Lincoln times., 1955-03-10
It's Little Fellow
Who Gets Hurt If Tox
Cuts Storf Inflotion

The rufuSal of Senators Byrd
and George and the Senate Fin
ance Committee to go along with
House Democratic leaders in
supporting the $20-a-head tax
reduction rider gives promise that
the more level headed members
of Congress will prevail against
this irresponsible measure.
The almost rranuic effort of
Senator Barkley to find a COM
promise that would still give the
Democrats credit for beating the
administration to the tape with
tax reduction is another indi-
cation of the weak ground on
which the proponents of this
measure stand.
This proposal is definitely in
flationary. not because of the
small amount of extra money
each taxpayer would have to
spend. but because it would in
crease the deficit in the Federal
budget and force the Treasury to
borrow more money.
Those who believe this kind
of tax reduction would be a
great windfall should ponder the
words of Secretary of the Trea-
sury Humphrey, who said that in
flatior hurts the little fellow far
more than it does the big fellow.
The man who depends on his
social security, his life insurance,
his savings is the one who Suf-
ferS when the government goes
in for a policy of initiation. What
this man paid for his social Sc
curity will be worth much less
by the time he collects it if the
value of the dollar goes down
in the meantime.
A good example is what hap
pended to U. S. savings bonds.
Many people bought these bonds
in the early days of the war, pay
ing SIS for a $lo0 bond. Ten
years later, when the bonds ma
tured, the value of the dollar had
dropped to about SO cents. COM
pared with its value when the
bonds were bought. Hence, when
the bonds were caShed for S10O,
the money would buy only as
much as $50 would have bought
at the time the bonds were
bought for SIS. AS result of in
flation, the buyer of the bond
took loss in buying power of
s23.
If this tax cut were approved
and the Treasury we're forced to
borrow an extra So billion. the
bonds that the government would
have to issue would be used as
reserves for credit at the banks.
Since banks are required to keep
reserves amounting to only a.
bout one-fourth the amount of
their loans, the 50 billion in
bonds would result in much more
than 50 billion in credit. So that
much more money would be put
in circulation.
The price of the dollar. like
the price of everything else, goes
down when the supply is greater
than the demand. If the value
of the dollar is forced down by
extra Treasury borrowing. the
value of social security, life inSur-
ance, and all other savings will go
down with it.
For that reason. taxes should
not be cut until corresponding
cuts can be made in the budget.
Otherwise we get initiation. The
trend toward initiation was check
ed in 1853. We ought not to do
anything to start it again.
tCharlotte OhSeryer)
The Lincoln times., 1955-03-10

be truthfully said that I appre-
ciate the Importance of the tex
tile industry to North Carolina
and the Nation and that I will
do everything within my power to
save it from harm.
The Lincoln times., 1955-03-10

amend the bill in such a way to
remove any Objectionable fea-
lures and make certain that it
will not cause injury to our tex
tile industry or those employed
in it. 1 am unging members of
The Lincoln times., 1955-03-10

the Committee to make such a.
mendmentS. Since I do not know
in what final form HR-1 will
emerge from the Senate Finance
Committee, 1 am unable to state
The Lincoln times., 1955-03-10

Q:What percent of grade school
children need vision care: 3 per-
cent, 9 percent, l6 percent. 40
percent?
A: Forty percent. Is your child
included in this 40 percent? Bet
ter find out THIS is SAVE
YOUR VISION WEEK.