The Key West Citizen Newspaper, March 4, 1953, Page 4

Page 4 THE KEY WEST CITIZEN Wednesday, Ma reh 4, 1953 | The Key West Citizen | | Published daily (except Sunday) by L. P. Artman, owner and pub-| iisher, trom The Citizen Building, corner of Greene and Ann Streets ; Only Daily Newspaper in Key West and Monroe County L. P. ARTMAN NORMAN D. ARTMAN ____ Publisher | Business Manager Entered at Key West, Florida, as Second Class Matter TELEPHONES 2-5661 and 2-5662 Member of The Associated Press—The Associated Press is exclusively i enttied to use for reproduction of all news dispatches credited to it or not otherwise credited in this paper, and also ‘he local news published here. Member Florida Press Association and Associate Dailies of Florida Subscription (by carrier) 25¢ per week, year $12; By Mail $15.60 ADVERTISED RATES MADE KNOWN ON APPLICATION The Citizen is an open forum and invites discussion of public issue and subjects of local or general interest, but it will not publish anonymous ecmmunications. Sa IMPROVEMENTS FOR |KEY WEST ADVOCATED BY THE CITIZEN More Hotels and Apartments Beach and Bathing Pavilion, Airports—Land and Sea, Consolidation of County and City Governments. Community Auditorium. TA FIRST ECONOMY SLASH The House Appropriations Committee recently made ine first major economy slash in a money bill when it re- dueed-a supplemental appropriation bill by $1,5 00,000,- 000. It was the first money bill of the Eighty-Third Con- gress to pass the committee. The House committee took its biggest bite out of a Department of Defense supplemental appropriations. re- quest, when it refused to appropriate any money at all for the Department, which had asked $1,200,000,000. Thstéad, the Department was directed to shift money from ns atcounts to those that were facing deficits. unspent Seven other departments, in which various units want- ed more money to carry on operations until July Ist, were siven stiff instructions by the House committee to Scrape up the funds from units with surplus House bill ig Ss. Of course, committee action is not final, since the first money some distance to travel through the Jaw-mak- t does indicate, however, that the House Appro- s Committee is in no mood to the appropriate extra departments which have not used up all surplus over funds. committee action comes close to a course suggest- ed by Senator Harry F. quire all government dep. Byrd, of Virginia, which would re- artments and agencies spend car-} ried-over funds and unspent balances before they are vot- ed a new annual appropriation. Senator Byrd estimates that the government departments and agencie spent balances and carry-over funds, have almost 000,000,000 tied up, many billions of which being recover- It is a waste of time to talk to some people. with un- $100,- Never expect people to be interested in your ailments. If you are in doubt about saying something don’t ay it So yours J earn, spend less than y whenever you decide to easy to make last-rainute plans when you don’t work to do in the first place. iest occupation in life is t to material things, and vice versa. spiritual law “BUT SARGE, | > effort to VE ONLY GOT THREE MANDS I~ apply WORRL—e . : By FRANK O'BRIEN WASHINGTON ®#—The national {debt now stands at aearly 267% | billion dollars as compared with a litle over one billion dollars in 1915. That is the cost of two world | wars, one depression and one cold war. It is the world’s biggest financial structure. It is more than two-thirds the size of the nation’s |record gross national product (the total price of all the country’s goods and services) last year. It |amounts to approximately $1,670 |for every man, woman and child in the country. It is probably the most potent single economic factor in the na-| tion. The way it is handled can} change the face of the nation’s economy. The Republicans say the Democrats have been handling it the wrong way, bringing about in- flation, The Demoerats say they handled it as cheaply as possible, by keeping the interest rate on it down. The average annual interest rate on the debt, on Jan. 31, before jthe new administration made any | changes, was 2.361 per cent. That represented an annual cost of about $6,315,000,000 (about $40 per person) at the present debt level. A rise of 1 per cent would cost the taxpayers an additional $2,675,- | 000,000 in a year (about $16.70 per | person) | The Treasury in its first debt private investments. Burgess be- lieves government securities should pay enough interest to take care of themselves in the market, without government support. He said before coming to the Treas- ury that the rate should be 3 per cent or more on long-term issues. The program will eost money directly, in terms of higher inter- est to be paid out of tax revenues. Additionally, present holders of long-term government securities, including savings banks, might lose trading value as their low- interest bonds become less attrac- tive in the face of other issues bearing higher interest. The debt program may also have the effect of pushing up private interest rates, as government interest tates become more competitive. Business rates must, in general, be somewhat above government rates, to compensate for the great- er security of government issues. A general interest rate increase could be reflected in higher prices, as businessmen added their in- creased interest costs to the prices of their products. However, Burgess—and Humph- rey and the other major Treasury officials costs might not be as much as sometimes predicted and that they would be compensated. This is their theory: Short-term securities go mainly |operation under the new adminis- tration increased the interest rate ‘on a nearly nine billion dollar | issue which came due Feb. 15 and jhad to be refinanced. The in- jereased interest (which for the most part brought the rate up to about going market levels) repre- sented an annual cost of $34,304,- 200. Sen. Murray (D-Mont) com- plained in the Senate that the new | government, while preaching thrift, was at the same time rais- ing the interest rate on the debt and thereby enriching bankers. | W. Randolph Burgess, formerly | jchairman of the Executive Com-! } mittee of the National City bank of New York, is Secretary of Treasury Humphrey's deputy for debt management and monetary | matters. Burgess is thus the chief architect of the new administra- | | Hon’s debt management policies | His expressed policies would take the debt, and therefore direct | profit on it, out of bankers’ hands Burgess says now, and has said for years, that a lar | mational debt should be shifted into jlonger term obligations than is {now the case. That almost certain- | ly means a higher interest cost, | because, generally, money | Towed for a long time pays a high-| jer rate of interest than money President Eisenhower echoed / Burgess’ view when he said in his State of the Union message Tt is clear that too great a part of the national debt comes due in too short a time. The Treasury will undertake at suitable times a/ program of extending part of the | ban slot machines, effective next | } debt over longer periods and grad-/ tually placing greater amounts amy the hands of long-term investors.” ik was noted that Eisenhower j Spoke of a “program™ to be pu }imto effect “gradually” at able times.” This agrees Burgess’ known views. The fram will probably take sev years and be fitted to tte with pre era market con ‘ecemparable te rates offered on e part of the| ” — believe the increased | Cost Of Wars, Depression Make National Debt Stand At Staggering Figure Just Now to banks or other investors who use them virtually as money, buy- ing and selling them constantly. This increases the money supply, and is one of the most powerful of inflationary influences. program, therefore, falls into line with its’ program for “normal crisis’’life with a crisis of indef- inite length—in which emergency measures should be wiped out. Short-term debt financing is emer- Lawmakers Attempt To Raise Odds Against Slot Machines By WILLIAM J. CONWAY in some states are trying to raise the odds| against slot machines. It is part of a widespread move in state capitals to crack down on |The Indiana devices subject to seizure on proposal also wi forbid traffic in such devices. A New Hampshire bill would ban pinball machines as well as slots. Gov. Charles Russell of Nevada, professional gambling operators. the A survey by The Associated Press showed that anti-crime the state legislatures. Among them are proposals to: 1. Deprive gambling operators of their tools of trade — coin-eating gaming gadgets and betting infor- mation communication lines. ting commissions. 3. Increase penalties for narcot- ies peddiers, who seli the stuff to youths. Odds against hitting the ja on the contrivance culated at 1,000-1 odds against their ition seer to be A federal law, put on in 1951, prohibits shipm of machines to states where the: iliegal. The state measures designed to deal with them on within-a-state basis Mabe recently enacted a law to Jan. 1. That will leave only one state, Nevada, where slots spir legally « proposed law aimed at the) HEIDELBERG. reots of the business has been in- troduced in Diinoig That bil weld outlaw the manufacture, as well as porsesfion, of slot machises. Rep | John M. King. one of the spensers. per cent of the de! ted im Chieage e¢ = indiana information” —oot for pobliestion— their obs and bow = lose would be saved. ke gambling can) lawing of bookmaking. Bills aimed at bet handlers eise- measures of many types are under " : the | considereation in at least half of | “ere include : 5 Fie GERMAN WORKERS socienmeneatitamante Tee U. §. Army's European said that & is lopping ak ante = Oo the per — wider ecopomy orders Bastuagion The Army listed as i * ctasncfied how many Germans would BOYLE | SAYS] NEW YORK (#—It is hard to tell when spring really gets to Man- hattan. But its heralds are already here. The crocus lights a yellow fire in every florist shop window. Three suburbanites, their roses still run- ning, are galloping about the office, , “I saw the first robin!”. You put your hand against Rockefeller Center and it feels a THT f i down with fingers. The air seems He eli ants to live in the city. are opening pale mbling against a late i PANCHITA SALADRIGAS Panchita Saladrigas . . . La co- nocen ustedes?.Es una santa vie- jecita que cuenta ya mas de ochen- ta anos de edad. En sus meceda- dos, bien floridas, por cierto, ya que era una bella mujer, sirvid de nuestra liberacion. Ella fué la que arrebato de entusiasmo a los cubanos residentes y a los pro- ceres de nuestra Revolucion, cuan- do nos visitaban, bailando el tipi- co zapateo, en el escenario del viejo San Carlos. Ella fué una servidora incansable del ideal de independencia de los cubanos y en Sus aos postreros pernocta es- te querido Cayo, donde pasara la mayor parte de su vida provecho- sa, sofando con darse un viaje a Cuba, para contemplar por ultima vez, a la patria de sus amores. con lealtad y desinterés la causa |‘ Esta noble anciana, ha vivido una vida plena de sacrificios y de renunciaciones, dedicada al cuida- do de su hogar y su familia, sin olvidar jamas, en aquellos inolvi- dables dias de luchas y de contra- tiempos, en aras de nuestra liber- tad, sus obligaciones para con la tierra que le viera nacer. Ahora, al final de su vida, ad- quirrié la ciudadania de este gran pais, que tiende su mano carifhosa, ~|sobre los ancianos pobres, para disfrutar de una modesta pensién, con la que vegeta y espera el fi- nal placido que ha de tener, exis- The sporting good stores have jumped the guu a bit, too. Their windows are full cf fishing tackle. And businessmen, bunched in their topcoats, look in and dream of a leaping trout. Stenographers quit dreaming of “the one that got away” during the winter. They get out folders and start dream- ing of the new unknown poor fish they will snare on their summer vacation. \ Dogs seratch and whine at the door to get out more often. The children’s coughs and colds dry up, but they sit listless and cross hepape tan provechosa y tan pleté- ica de virtudes. Bien es verdad que Panchita Sa- ladrigas ha vivido en Cayo Hueso mas de cincuenta aos. Que aqui ha gastado todo lo que produjo y que aqui estan enterrados en nues- tra necropolis, muchos de sus deudos mas queridos. Pocas, como esa noble dama, tienen tantos mé- ritos para recibir esa generosa ayuda, que el Estado ofrece a sus conciudadanos. Recordamos aquellas noches en el viejo San Carlos, cuando -una orquesta integrada por musicos cubanos, comenzaba a tocar nues- tro lindo zapateo, ese baile tipico de los cubanos, desnaturalizado ahora, por monorritmicos sones y mambos sin arte, que Panchita Saladrigas salia a la escena acom- Pafiada de su esposo, vestida con la tipica bata blanca, su pafiuelo en el cuello y comenzaba los pri- meros pasos del zapateo cubano. El publico se extremecia de ja. bilo, le hacian repetir varias veces, hasta que la buena sefiora, cansada, se retiraba, | /| verdaderas ovaciones de los .con- i surest sign of all is when you come | |home and find your wife looking | like @ gypsy-cowboy, a rag around ber head, @ dust-cloth in her hands | and that now-don't-give-me-any-ar- gument-just-go-ahead-a nd - start- moving-the-furniture look in her eyes. When a pigeon starts making her nest and a housewife starts upsetting hers, never mind what baile, muchos de ellos, sin | campifia cubana, victimas | balas de la tirania, o di penkey ppgeteie jolin. But the |°22* 4c |2 tirania, o de | sintiendo en su corazén el |davia cuando habla de aque! eurrentes, que eran todos los jos emigrados revolucionarios banos, que al escuchar las ca ciosas notas de nuestro ti 52% Hi der evitarlo, sentian que lagri de jubilo, corrian por sus me; acaso recordando dias que fueron felices, en su propia tierra, al ca- lor de los suyos, que tal vez, ya dormian el ultimo suefio, en un cayo de monte extraviado, en la de tas il F i Panchita Saladrigas, nada vo jamas de la tierra porque to luchara. Pero, ella, que A | patriotismo de sus afios mozos, ¢ dias, que son casi de ensuefios ra ella, se nota que sus . ojos alumbran de owevo por la lus los recuerdos gratos y su ie A 3 5 3 5 5 e i & é : 2 ‘3 rs 3 anima, de haber cumplido con dos sus deberes para con la tria en que naciera, aunque # Re _._ Makes ly to letter Febru- «l i" | Es 2 i 3 f 8 g ; & i ir : u § if i fF Bee Fe! & 4 i tk fF | f E if = e f como ocurre casi siempre, vidara de premiar, siquiera : ACROSS 1, Japanese sash 4 Rebull & Labor for breath | 12, Batter 13, Molten rock | 14 Medicinal herd 15. Felon 17. Part played ech many NOTAS CUBANAS Por RAOUL ALPIZAR POYO mente, tanto sacrificio y tanta ab- negacion. i: i | sites auntie a i gar monio de ik RE g - i 8 3 g : ih , [ [ | | if