The Key West Citizen Newspaper, July 24, 1953, Page 4

Page 4 “THE KEY WEST CITIZEN Priday, July 24, 1953 Tin Key West Crtyon Eerie eo Only Deily Newspaper in Key West and Menree County LP. ARTMAN vblicher NORMAN D. ARTMAN Business Manager ~ Batered at Key West, Florida, as Second Class Matter TELEPHONES 25661 and 25662 credited paper, and also the Member Florida Press Association and Associate Dailies of Florida Formers ithdaainonlledatnatisaicints mAs semis sont Subscription (by carrier), 25¢ per week; year, $12.00; by mail, ADVERTISING RATES MADE KNOWN ON APPLICATION Citizen is an open forum and invites discussion of public issues subjects of local or but general interest, it will not publish| FLORI RESS aan gsierion FOR KEY WEST ADVOCAT SY THE CITIZEN and Apartments. Pavilion. Sea. Soy and City Governments. : SD IT’S SO EASY TO GET MONEY BY A SIMPLE ACT OF CONGRESS The Citizen published an Associated Press story, un- : dera Washington dateline, in which it was said opPosi- tion is developing to the Eisenhower proposal to increase the country present debt ceiling of $276 billion. : POE sgh iy tage yep tg an was $60 billion, = $ lion, but _ Surely some limit must be fixed and maintained. ‘Citizen believes the limit should be kept to what it is| now, and that the Eisenhower administration, instead of oo soba ceiling, should inject more economy into gov- __ What is sound reasoning for the government in that ere, who have no restraining hands, except eir own, to keep down the amount of money they owe. As for Key “2 ate yt ag merge ag money : y on what they owe? . ‘he Chiten doesnot opps contacting det to bu in see his way clear to But borrowing is so easy in these days|" rhe financial money, # of the man it cuts into the the that the day “of ever before in the history of our cotintry. Though we have not borrow with the abandon that they do now. Citizen pointed out recently that the debt of ‘ ‘ederal, state, city and county governments and of businesses and individuals was not: far Yrom totaling ‘ rs. And we should ever nature of the debt may Teday’s Business Mirror By SAM DAWSON increased it, again and again, since then. Plage TORK, dex The, Semana if the |the country’s financial structure is to be glory A kept strong. The) ar aan, cn Wb ‘true of the business world, money te grov-—and supply is tightening up again. sound like a report on story, whojeral teageng we of Cleveland) sees it, ery : : Tent and prospettive : vate borrowers.”.. This. tends outrun @ businesses that went bankrupt-and’ individ-|"lsb'e for went broke, yet, in the old days, heads of house-jone looking for more demand for ri- large U.S. must be paid by individ-|™™*y It has been remarked often, in newspapers and | (- islative halls, that the present generation is handicapping ce American generations for a century or «The best way to relieve the present debt, in or out of trations have not been in a thrifty mood for many years, because of the ease with which the government can get More and more money by a simple act of Congress. THE JET-STREAMS Pan-American Airways has asked permission from the Civil Aeronautics Commission to initiate high jet-/ stream, non-stop passenger flights over the North Paci-| fie ocean, connecting such cities as Seattle or Portland with Far East cities like Tokyo. _ The streams, usually found at high altitudes, travel up'to 100 miles an hour, and passenger liners ean speed up their ground speed considerably by flying inside them. | Pan American officials reveal that PAA airliners, head- ing for Hawaii from Japan, often get in the air stream which passes over Midway and fly with it to that island This speeds up the Tokyo-Honolulu run by seven hours and enables the PAA airliner to make the run non- stop, even though it veers away from the jet stream after] arriving over Midway. The airliner would take advant- age of North Pacific jet streams to initiate Tokyo-West Coast non-stop flights over the Pacific. The PAA request opens up new horizons in the avia- tion world, for jet streams are not common only over the Pacific, but in most areas of the world. The opportunity is one to speed up travel without adding to fuel or opera- tion costs. Because the flight would require less time, the operation cost could actually be reduced on such flights. Jet airliners, operating in jet streams to speed up already | fast schedules, might be the eventual outcome of evolu-| tionary: progress now being made in aviation circles. Most dogs have more intelligence than people a them with having, but not as much as some imagine. Despite ai this eguntry’s fgults, ’ high taxes, and everything else, the standard of i{#eg ~sontinue~ which is the real test, ~ test help finance the . But more new be needed. last three months cor- ve raised about 24% bil- lars. in cash by selling se- x Commerce Depart-'out to the ‘store to buy a pound of ment reports. The total raised that steel. in all of 1952 was a little more billion dollars. interest rates in recent strong cur- fa iol months have discouraged some corporations from borrowing. But apparently most expansion plans babe still going through on sched- ie. Bank loans to business are due }for their seasonal rise in the com- ling weeks. The rise will start from ‘a very high level, since loans have fallen much less than normal dur- Hfor investment would seem huge if stacked up against any but the present great demand for money. . fairly tight money market is ex- -|pected for some time by ‘is likely to push still higher this ‘month and next. The purchasing) |power of the dollar—which rallied lfor a time—is slipping again, The government’s official meas- .juring stick for all this—the con- jsumer price index of the Bureau -lof Labor Statistics—set a record high in mid-June, pushing through the previous record high set a year ago and touched again at election time. The index measures what was) happening to your pocketbook six weeks ago. Since then meat prices have gone up. The price of gaso- jline has been raised most places. Some basic industrial prices have gone up, too—steel and various chemicals. True, the housewife doesn’t run But she does buy things made of steel and processed by chemicals. And .he cost-of making ithese things will be rising. Cc LEY __ -|metal obstacle. ‘ing the late spring and early sum-'rise in fon the heat for higher trade-in| z ae FS S Beek i 3 = S 5 g£ = £ g 58 Fy Rents continue to rise here there across the nation. jump may be in store folk living in areas still eral rent controls, which uled to be lifted shortly. Getting to and from ‘coming more expensive folk. Transit fares have a number of cities, and others. ; HE Fe 2 i i z & z un E seat Neighbor: President Eisenhower requested come more expensive. But there is a brighter side to) look for it, This is} he Committee slashed about 28 million dollars from this re-| cA was.made on the of the to restore 20 dollars of these funds for foice which would still not wear and tear on the than the government's official samples of list prices report. Most housewives shy away from a particular food when its price |gets out of line. The government's | iprice samplers don’t. | Many shoppers report they can \make good deals with merchants for many gadgeis where invento-) jties are a little sticky just now. }Car dealers, for example, com-! in that customers are putting) allowances and ior discounts on the prices of accessories and ex- tras. Electronic Auto NEW YORK (#—Maybe there's a rosy tinge to your driving future. A laboratory car at RCA’s David ton, N. J., can: 1. Steer itself along a prescribed |“ Toute. : 2. Stop when it approaches a/ _ Kremlin does not trust its soldiers; it does not trust its farmers; its workers, and even their political 3. Turn out to pass @ slower car. According to an announcement mace about the five-foot elec- worries at all, weluding being cracked up by careiess dfivers. | The whole system involves elec- i trie cables under specially con-\down. History will _ undoubtedly’ ‘constructed highways, with ‘elec- record the vote reducing this fund tronic equipment controlling the to be false economy. steering gear and picking up wave i yours. impulses from the cables. BILL LANT. BE AG toners yeinc ashore " hen the State Weather |Rainmaking Studied uke ot sate the DENVER :P—Colorado’s Legis- lature may~be gsked nex Sry to finance a state rainmaking claims of rain-incucing firms. program. ‘Fee plan has been The matter will be studied nestle as 238. Lat sg nil 88 million dollars for the Voice of} “ito change our habits. Today we all: next Jau-iton to make an investigation of if 7h FE. EE ae z g 4 5 EB & g re Ens Hi alt i E ai fy i " ree ee The -human population in the United States, according to one estimate, with some 300 potential voters be-: ing bora every 13 seconds. \room yet for millions of Americans) today can still find a place to park a new baby, and know that there will be room for it to play as. it grows older. But the same couple: {no longer is sure, if they get a 2 < 5 & § ge go to work at the same time, come home at the same time, take the same days off, shop in the same ‘hours, vacation in the same months) and try to go to the same beaches! ‘on the same weekends. This would be ‘all right if we) boar 41. Large | continent 44. Good-by 46, Smail house 48. Marble 52. Small fisb 20. Ay 54. Kind of cloth 55. River em- bankme: 14. Perceive 15. Shaping mactine Bias to forestall future drought. peste i i | i gee 35 | | é i ap eel 2 F z i z i ry id: ge ! We har i ? i ? fHs man Ave. Pi ve E i i? f ge 3 g 5 i ma ivf P fi FE . 2-2842, (adv. iit 8 8 $8 FS BAS ERE au ae