The sun. [volume] (Newberry, S.C.) 1937-1972, January 18, 1968, Image 5
The Newberry Sun, Newberry, S. C., Thursday, Jan. 18, 1968—PAGE 5
Dr. George S. Benson
President
k
NATIONAL EDUCATION PROGRAM
Searcy, Arkansas
4
HEAVY BUDGET CUT NEEDED
How big a cut in Federal
spending should Congress
make before imposing higher
taxes on an American public
already hit by soaring living
costs and burdened with back
breaking local, county, state
and federal taxes? The answer:
Waste should be cut from the
Defense Department authoriza
tions of $74.4 billion (1968 Bud
get; period ending June 30,
1968). At least 5% — $3.7 bil
lion — could be saved without
hampering military and de
fense activities. In the cate
gory of non-defense activities,
common sense cries out for
eliminating the colossal waste,
shelving non-essential pro
grams, cutting all others to the
bone, and putting our Govern
ment (and Country) on a war
footing. A minimum of from
$10 to $15 billion could and
should be cut, as a starter.
If Congress and/or the Presi
dent would “tighten the belt”
to this extent ($15 billion mini
mum) the American people, I
believe, would accept, though
reluctantly, a temporary tax
hike to help fight inflation —
an inflation caused, in large
part by the most proliferate
governmental spending at all
levels (much of it with bor
rowed money) in the history of
our nation.
“Guns-and-Butter” Suicidal
Government today is costing
the American taxpayers a
quarter of a trillion dollars a
year — $250 billion — and the
prospect at all governmental
levels is for bigger and bigger
spending. Such governmental
extravagances together with
our falling balance of pay
ments, our $350-plus billion na
tional debt, our loss of gold
reserves and other frightening
developments, have endanger
ed the Dollar and thus our
whole financial stability as a
nation. And yet the spenders
— the promoters of fighting the
war and “living it up too”, the
“Guns-and-Butter-Too” disci
ples — are calling for still
greater domestic (non-mili
tary) expenditures in many
non-essential (in times of war)
programs.
Nobody in Washington can
put the blame on the Vietnam
war for the record-breaking
Budget. Even with this costly
war underway and defense out
lays for the beginning of the
much - needed Anti-Ballistic
Missile System, the increase in
military (Defense Department)
expenditures has been at a
much lower rate than non-de
fense spending.
Uncontrolled Growth
Here is the table for Federal
governmental expenditures for
the 8-year period (1 year
Eisenhower; 7 years Kennedy-
Johnson):
NATIONAL DEFENSE
1961
1962
1963
1964
$47.6
$51.4
$53.4
$54.5
1965
1966
1967
1968
$50.7
$58.4
$71.3
$74.4
NON-DEFENSE
1961
1962
1963
1964
$51.9
$56.2
$60.3
$65.8
1965
1966
1967
1968
$68.6
$78.6
$89.5
$105.8
This
figures
out to a
56.3%
increase in military expendi
tures, while non-defense spend
ing was rising 103.8%. The
Vietnam war is budgeted at
approximately $23 billion. A
glance at the above table
shows that by getting Federal
non-defense spending back to
the level of just four years ago,
1964, more than enough would
be saved out of the 1968 fiscal
year appropriations to entirely
finance the Vietnam war.
Controls Needed
Congressman Wilbur D.
Mills, Chairman of the power
ful House Ways and Means
Committee where all tax
legislation must originate, is
demanding of the Administra
tion and suggesting to Con
gress that controls be set up
giving Congress a power and
responsibility not now statu
torily available — the control
over spending. Ceilings could
be established by Congress, de
pending upon circumstances
developing each year, to put
an absolute limit on overall
Federal spending. This is a
vital need in today’s Federal
government, and particularly
now that our nation is at war.
, It would not blemish the
achievements of any Admin
istration, and would in fact re
lieve an Administration of
some responsibilities which
might be politically dangerous,
if Congress were to tell the
President of the United States
each year what the ceiling
would be on Federal expendi
tures. This vital function of
Government is rightfully the
responsibility o f Congress.
Congress now has a kindred re
sponsibility in setting the ceil
ing for the National Debt. Be
cause of Executive escalation
of governmental spending, Con
gress has felt obliged to boost
the debt ceiling a total of $100
billion since 1961. Such loose
executive management of the
billions taken from the people
in taxation cries out for drastic
reforms. The economic well
being of our people, and our
nation, is at stake.
BUILDING PERMIT
C. W. Jones Jr. repairs to
dwelling 1419 Silas street.
Chaps for wear on a big-game
pack trip must be lightweight.
In an emergency, the trousers
of your rainsuit will serve.
—Sports Afield
CHINCHILLAS
Empire Chinchilla Farms offers the following animals for
your consideration:
HERD IMPROVEMENT MALES—Top show grade Cana
dian and American blood lines. Double A Females. Ranch
ers average 2 litters per year with 2 animals per litter.
Quality pelts averaged over $28.00 this year.
Our Management Program is directed by a Clemson grad
uate with a degree in Animal Husbandry.
We furnish all supplies necessary. All animals guaran
teed to live and reproduce. 'By following our program you
can earn up to $25,000.00 per year in 5-6 years. Excess
animals for pelting should sell for $10,000.00 during this
herd building period. Investments from $500.00.
If you are genuinely interested in becoming independent
complete the form below and return to Empire Chinchilla
Farms, Drawer 68, Ridgeway, South Carolina.
Name
Address :
Phone
Please have a field representative call Best time to
see me
SCN to offer
credit card
Introducing the “age of the
credit card,” South Carolina
National BankAmericard, an
all-purpose family credit card,
will soon be issued and serviced
throughout South Carolina, the
first such credit card provided
in this state.
SCN President John H.
Lumpkin announced today that
South Carolina’s largest bank
obtained a franchise from the
Bank of America, the world’s
largest bank, to offer this “rev
olutionary, new credit service
provided through the nation’s
largest all-purpose bank credit
card already accepted by 155,000
participating merchants. ”
He said the SCN BankAmer
icard “offers numerous conven
iences for both consumer and
merchant. ” Specifically, he
pointed out that it “serves three
areas of consumer credit need
which cover nearly every con
ceivable product and service.”
The multiple purposes are:
As a retail credit card avail
able to everyone accepted by all
types of businesses and profess
ions for products and services
ranging from shoes and home
appliances to dental and med
ical care — from dime store
merchandise to fur coats.
For travel and entertaining,
such as filling stations, airline
tickets, restaurants, motels, and
hotels.
For cash loans from the state
wide offices of SCN and at any
of the other 254 leading banks
in 20 states over the country
participating in BankAmericard.
Lumpkin stated that SCN
BankAmericard will be issued
to approved applicants without
membership fees or dues. Re
payment terms will be flexible.
Cardholders may either pay
their bills in full every month
with no extra charge or pay a
part of the total billing, plus a
small service charge. One mon
thly statement is rendered to
users to cover all credit obtain
ed with the SCN BankAmeri
card. The card itself will serve
as a good credit reference.
SCN is setting up a complete
new unit to handle the full
South Carolina National Bank
Americard program statewide
with a beginning date for iss
uing cards to be determined by
the organizational time requir
ed and expected to be in mid
spring.
cost of support for their child
who is a full-time student may
also claim him as an exemption
on their tax return, unless the
child is married and is filing a
joint return with his or her
spouse.
New service
by post office
is outlined
A new service making it pos
sible for postal customers to
get the new address for first-
class mail that is forwarded
went into effect with the new
postage rate increase.
First-class mail is forwarded
at no extra charge when the
addressee has left a forwarding
address ,but in the past there
has been no provision for sup
plying the sender the new ad
dress. Under the new service
the post office will, when re
quested, supply the sender the
corrected address upon payment
of a 15c fee.
To get the new service, send
ers of first-class mail must
write “Address Correction Re
quested” below the return ad
dress. Then, if the piece of mail
is forwarded, a post office form
showing the new address will
be delivered to the sender and
15c collected.
The new service is part of a
revision of address correction
regulations and charges estab
lished under the new postal
rate law.
In enacting the postal rate
bill, Congress directed the post
office department to provide
address correction service for
mail of all classes that is un
deliverable as addressed. The
law also requires the charge for
address corrections to be uni
form for all classes of mail and
to be set at a level that covers
the cost of providing the ser
vice.
In accordance with the pro
visions of the new law, the
charge for address on all class
es of mail was made 15c ef
fective January 7.
The charge for address cor
rections under the old system
was 10c for second class mail
and a minimum of 8c for third
class mail, depending on the
weight of the piece.
Mr. O’Brien also reported
that effective January 7, a
new return service was made
available on third class mail.
This service will make it pos
sible for third class mailers to
find out that their mail is un
deliverable as addressed with
out having to pay 15c address
correction fee.
Undeliverable third class mail
marked “Return Postage Guar
anteed” will be returned to the
sender marked “Undeliverable
as Addressed.” The returned
piece will not state why it was
undeliverable, nor will it list
the addressee’s new address.
The single-piece third class rate
—6c for pieces weighing up to
2 ounces—will be charged for
the return service. Third class
mailers who want the new ad
dress or the reason why the
piece is undeliverable will have
to mark their mail “Address
Correction Requested. ” They
will be furnished the new ad
dress or the reason the piece
is undeliverable and the 15c
fee will be collected upon de
livery of this information.
When an address correction
is requested on third class mail
weighing up to 6 ounces, the
mail itself will be returned en
dorsed with the new address
or the reason it is undeliverable.
On pieces weighing more than
6 ounces, the sender requesting
an address correction will re
ceive a form containing t h o
old address and the new ad
dress or the reason for non-de
livery. The mail piece itself
will not be returned.
Senders of third class mail
weighing more than 6 ounces
who want address correction in
formation and who also want
the piece returned must mark
their mail “Address Correction
Requested.— Return Postage
Guaranteed.” The sender will
have to pay the single - piece
third class rate for the return
ed piece plus 15c for the ad
dress correction information.
Return and address correc
tion service on fourth class mail
will be the same as on third
class, except return postage will
be charged at the fourth class
rather than the third class
rate.
Except for the increase from
10 to 15c in the fee, the ad
dress correction procedures for
second class and controlled cir
culation publications will be
unchanged.
The postoffice department
cautioned third class mailers
that pieces bearing the words
“Return Requested” will now
be handled as if they were
marked “ Address Correction
Requested” and will be subject
to the 15c fee.
Students may
obtain refund
Students who worked part-
time or during the summer may
have a refund coming on their
1967 Federal income returns,
H. M. McLeod, District Direc
tor of Internal Revenue said
today.
Students are required to file
a tax return if they earned
$600 or more. If they earned
less than $600 and taxes were
withheld from wages by their
employers, they should file a
return in order to obtain a re
fund of the tax withheld from
their wages.
Unmarried students who earn
less than $900 will not owe any
Feleral income tax. They are
entitled to claim the usual $600
personal exemption, plus a $300
minimum standard deduction.
Students are entitled to claim
their own personal exemption
when filing a tax return, Mr.
McLeod said. Parents who fur
nish more than one half the
INCOME TAX RETURNS
PREPARED
Federal & State $3.00 up
Jack D. Hall
2162 McCravy Street
(Across from Jim Dandy Film
Service)
Open: 9:00 A.M. to 1:00 P.M.
2:00 P.M. to 7:00 P.M.
Place Orders
NOW
Now is the time to check on
Fill-Ins in your Old Silverplate
These items are being made
up by the Factory NOW for De
livery this SPRING.
TURNER & TAYLOR
JEWELERS
Main Street—Next to State Bank & Trust