The Key West Citizen Newspaper, February 23, 1953, Page 3

Sen. Russell Predicts Difficulty Tn Budget Reduction By JACK BELL WASHINGTON (#—Sen. Russell (D-Ga) predicted today the Eisen- hower administration will have difficulty reducing more» than half a billion dollars even if it’’squeezes all the waste out of the military program. Russell, former chairman of the armed services committee, said hig intimate contacts with the de- fense. program have convinced him only a relatively small amount of “fat” can be trimmed off outlays in’ that field. “Of course, we could cut mili- taty spending by 10 billion dollars if-we chose to do it, but I don’t know how much defense we would have left,” the Georgia senator said, As Russell spoke out in an in- terview, there were these other de- velopmerts in the budgetary and related tax fjel 1. Chairman ber (K-NY) o} the House Appropriations Commit tee announced a campaign “squeeze every drop of water’ out of projected government spending. Taber disclosed yesterday what he called “Operation Economy”: the ‘recruitment of business and management experts to investigate spending requirements of execu- tive agencies for the coming year. The goal, Taber said, is to spending by! to|s trim down the 78% billion dollar budget sent to Congress Jan. 9 by former President Truman. Ta- balanced budget. His previously announced goal: a 10 billion dol- lar cut. Declaring the Truman budget |was “loaded with waste, ineffici- ency and unnecessary expense,” Taber said, “Our aim is to elimi- nate the padding and squandering and give the American people a rock-bottom budget.” 2. Taber’s committee, it was learned, neither expects nor wants President Eisenhower to send Con- gress a revisionof the Truman budget. Members don’t want the Presi- |dent to seal their thunder in the field of reducing federal appropri- ations. 2 The committee is proceeding on the theory that Zisenhower: won't repare a new budget but will irect his department heads to | le down their money requests | when they testify before the com- mittee. | Under that. arrangement, the }committee could trim. budget -fig- |ures of the former President and claim credit for the savings—some- | thing it couldn’t Jo’ if Eisenhower |had his own smaller budget. _ | 3. The Senate -Appropriations |ber made no promises about. a, Committee takes its ‘first’ formal much difficulty to balancing the look at the spending situation to- | budget. Eisenhower iast week hint- day with a public hearing on a $925,172,000 supplemental money bill. The House cut Truman’s $2,313,- 000,000 request to. that amount, trimming off a $1,200,000,000 re- quest for funds to meet a mili- tary pay raise voted by. Congress last year. The House told the Pen- tagon to dig up the “money out of some of the funds. it. has’ avail- able—a device some Democrats said was only fancy”bookkeeping. Explaining the public. session, Chairman Bridges (R:-NH) said: “We are spending public, money and I think it's only’ fair for the taxpayers to know how and why it-is asked and granted.” The companion House committee ‘has held only closed sessions’ in recent years. Under Democratic control, so did the Senate group. 4. It developed that’ the: admin- istration may have lost the vote of Sen: George (D-Ga). in any at- tempt it may make to keep ‘alive the excess profits tax an business. The tax will expire July 1. unless Congress renews it. George is reported:to have told colleagues he won’t~ vote ‘to con-! tinue the tax, expiration of which would reduce revenues by. about one billion dollars and’ add that ed that some substitute for the tax might be found. 5. CIO President Walter Reuther, in a statement yesterday, accused the Republicans in Congress of pre- paring a “phony tax package” promising a 10 per cent tax cut to the average taxpayer. “In fact,” he said, “there is no intention to pass it at this session of Congress.” Reuther said an income tax re- duction bill by Chairman Reed (R-NY) of the House Ways and Means Committee, already ap-- Proved by that group, “‘is nothing more than a smokescreen and a diversion to cloak the fact that the excess profits tax on corpora- tions will expire in midyear. Sen. Russell said he believes some saving could be made by “tightening” the Service Unifica- tion Act, principaily by giving the civilian heads of the services more authority. Because the military program represents such a large proportion of the budget, Russell said he does- n’t believe the Republicans can trim Truman’s predicted $9,900,- 000,000 deficit materially unless |they cut into that program. “I’m waiting to see where they savings they will need,” he ob- served. Moxday, February 23, 1953 THE KEY WEST CITIZEN Page 3 Gulf Life Shows Large Increase In Payments In 1952 wring 1952 life insurance pro- tect'on» provided southeasterners by Gulf :Life Insurance Company inoveased> $53,340,600 to a total of $6*1,655,023,~stockholders and di- rectors of the company learned at the'r annual meetihg February 17. Policy-owners’ _ assets increased 9 monthly to a total “of 46 at year’s end. The rate ease was the greatest in company history. Occunaney of the 80,000-square- fect home office addition is sche- duled for late this year. The com- pany now owns 17 branch office buildings, the ewest of which opened recently in Lakeland. In the past decade insurance protection furnished -by. Gulf Life has increased 274 percent, far in excess of gains iw: national pet capita ownership of life insurance. In 1952, Gulf Life paid in bene- fits to policy owners and set aside for future payments to policy own- ers $14,413,715. Since the com- pany’s founding jn 1911, $114,062,- 659 has been paid to policyown- ers and beneficiaries or is being held for future payments. Rookie infielder Walt Freese of the St. Louis Browns, was an all-around athlete at the Univer- sity of Virginia. Tax Refunds Paid Within 3 Weeks JACKSONVILLE (#—If you file your income tax return now and are due a refund, chances are you'll get it within three weeks. ~ But taxpayers who put off filing until the March 16 dezdline may expect a longer wait, says, Laurie W. Tomlinson, Florida ‘director of internal revenue. More than 63,000 Floridians al- ready have received refunds, he said. Tomlinson suggested. a way you may hasten: your refund: Write the word “refund” on. the lower left-hand corner of the envelope in whieh you mail_your return, Mail so marked gets priority. Vie ANNOUNCEMENT Vhe Fedral Communications Commission has available channels, for thé extension of Radiotelephone service (phones in autos, trucks, ete.) for the general public of Key West, Florida. Class of service: Miscellaneous Common Carrier ( Public Utility) Minimum investment for individual or group — $10,000 Requirements: Business experience, good character and financial stability Interested parties write American. Radiotelephone Co., Inc. St. Petersburg, Florida for personal interview and details. THIS IS A #0* *OMPETITIVE MARKET PROTECTED BY THE FCC DOG RACES TONIGHT KEY WEST KENNEL CLUB STOC. NO MI K ISLAND ADMITTED Post 8:15 Time P.M. Free Parking uses Every % Hr. = | Adm. 25c ; State Supervised Pari-Mutuel Betting OPEN TO THE PUBLIC TUESDAY AND THURSDAY AFTERNOONS — 2TOS PM 10 Races Nighily OFF U. 8.2 ! QUINIELAS EVERY RACE DAILY DOUBLES ist & Ind RACES Subscribe to The Citizen are going to find the 10-billion inj TEMPERATURES Details Of New AT 7:30 A.M., EST Atlanta Augusta Billings . Birmingham | Boston .. Buffalo Charleston Chicago Corpus Christi Denver Detroit .. El Paso . Ft. Worth .. Galveston Jacksonville Kansas City KEY WEST . Key West Airport Los Angeles .. Louisville Meridian . Miami Minneapolis Memphis .. New Orleans New York Norfolk .. Oklahoma City .. ; Omaha Pensac Pittsburgh Roanoke St. Louis . San Antonio San Francisco Tallahassee } Tampa ...... Washington Transport Told BURBANK, Calif. — The Air Force and Lockheed Aircraft Corp. | have disclosed first details of the | new C130 turbo - prop transport designed to fly troops and supplies , on assault and support missions. | The announcement said the craft is designed to fly faster and higher j than any such plane now in = The statement mentioned specif- | ically the plane’s use for dropping parachute troops. Its speed and | altitude capabilities are secret, but these details were announced: The wingspan is 132 feet, length 95 feet, height 38 feet. The fuselage is only 45 inches from the ground. The plane can carry equipment as i big as a 155-millimeter howitzer or a high-speed tractor. With a special tricycle gear it can operate off small fields in for- ward areas and will require “only short takeoff and landing runs.” | Four Allison turbo - prop engines, | which harness jet power to con-; ventional Curtiss-Wright propellers, | will be used. | 24 NEW KOREAN WAR CASUALITIES TOLD WASHINGTON '}—The Defense Department today identified 24 Korean War casualties in a new list (No. 755) that reported 6 killed, 17 wounded and 1 injured. It also reported five capiured who pre- 62: viously were listed as missing in . 3laction. ISS SGRENSNBSNSVOARKMSARSRRSSHERSRRERER VALUE CHECK IT... TEST ORE IT! ‘With 4I"Worth More features, its worth more isan S..... Siam when you buy it...worth more when you sell it! See it ... Value Check it . .. +» Test Drive . you'll know why so many folks are jumping on the 1953 Ford “band wagon.” Ford’s 41 “Worth More” you the things you want features give and need for today’s driving, to a greater extent than any low-priced car designed to date. You get your choice of league-leading “Go” in Ford’s V-8 and Six power plants. Yet it's economical “Go” with Ford’s Automatic Power Pilot. In mark Body you get “living” room that’s the finest and most comfortable in the low-price field. And Ford’s Ford's Crest- new Wonder Ride will show you how a car should ride. You'll find many of these “Worth More” features pictured at right. But you sust drive this Ford yourself to got to give you! know of it’s Pordomai: Dre, Overdrom, white mdewall tire optional extra cont. Eyuipment, eccemoricn and trim euljent hamge ewchoes wetter 1119 WHITE ST. MEW FORD WONDER RIDE mate: roughest reeds feet velvet smooth. It's made up of festures tke: Ford's more re- Sponsrve spring and shock soso ber achon and wide front vead. Test Drive the’53 FORD The new Standard of the American Road HIS FATHER WAS ‘GOOD FIGHTING MAN‘—Mrs. Betty Ann Elwell and son, John Robert Elwell, Jr., three-month-old, look at a picture of Marine Corps Pfc. John Robert Elwell, their hus- band and father, respectively, whose death while fighting with the First Marine Division in Korea prompted his buddies to collect $550 to buy young John a savings bond. The Marines termed Elwell, who was killed while fighting inside a Red trench system, a “good fighting man.”—() Wirephoto. Ry worth more’ car tr 53! Monroe Motors, Ine.