The coastland times with which is combined the pilot and herald of Belhaven and Swan Quarter. [volume] (Manteo, N.C.) 1959-1973, 1961-06-23


calls for grants to the states to help
build more public elementary and
secondary schools, or raise teachers
salaries or hire more teachers,
whichever the state considers more
urgent. The decision is strictly up
to the local areas, and there is full
local control. hope these pro-
posals to aid education will become
law; they will fit in very we'll with
the forward-looking school pro-
gram just enacted here in North
Carolina under Governor Sanford's
leadership.
The plan would also extend the
current college housing loan pro-
gram for five years at $3.50 million
a year. And it would establish a
rogram of state-administered
scholarships of up to $1,000 for
bright, but needy college students.
The goal of the program is one we
all share. More and better educa.
ton for more young people.
Seventh, the President has pro-
posed tax legislation to stimulate
investment in new plant and facili-
ties and to inequities in our present
tax laws. We need urgently to
to modernize and expand our in
dustrial plant if we are to lower
production costs and broaden the
markets for our consumer and in
dustrial goods. The estimates are
that so persent of our present in
dustrial capacity was installed be-
fore or during World War II.
Eighth, activity under many
existing economic programs has
been stepped up significantly. In
my own department, for instance,
we have mounted an intensive drive
to expand American exports as one
means of easing the balance-of-
payments problem. Today out of
100000 or so manufacturing enter
prises in the country, only about
10000 are actively exporting. We
are trying to raise this small repre-
sentation. We have developed a
complete export program, showing
firms how they can enter the mark
ct abroad; we are increasing our
participation in trade fairs over
seas and the number Of trade mis-
sions we send aboard; and we are
getting news of export opportuni-
ties to businessmen more quickly
than ever before.
In the field of travel, where there
WAS a $1.1 billion gap last year
we are also moving ahead to slim
ulate business. We expect shortly
to establish within the Department
of Commerce the first federal pro-
gram in our history to promote
travel to the U. S.
/ These programs of the President
will, l am sure, go far toward re-
viving confidence in our economy
and supplying stimulus for growth
The programs are essential-and il
is essential that the nation as 6
whole support them.
But in a larger sense it will take
more than government alone tt
) spur this economy forward. To re
vive tagging growth, will take
truly national effort-one dedicat
ed at all levels to the improvement
of technology, the lowering of pro
duction and marketing costs, ant
1.-THE devising Of new and superio
products, all under conditions O
price stability.
: This is the challenge that al
Americans must face today. But
have great faith in this country
and / am completely bullish abou
its economic future. Industry, labor
the farms, and government al
7 want-and need-a sound, growing
economy. Working together as the!
: can, am sure we can achieve no
J only progress but the creates
. realization yet of Americas capa
!, lefty for industrial and agriculture
r plenty and mass well-being. / ar
certain your association member
e will help in this national program
: will run your business properly an
r successfully, and will share in /,
better America that we togethe
rlwill build.
al IN, elk ~x<,.