PAGE EIGHT
THE BEND BULLETIN. BEND. OREGON
WEDNESDAY. MAY 3, 1950
Social Security
Revision Given
Committee O.K.
By Nell Mac Nell .lr.
(Unitil Pre Staff CorrwIKMidcntl
Washington, May 3 IHi The
senate finance committee ngivcd
to put social security on a pay
as-you-go" basis and increase ben
efits by yo per cent.
In its sweeping Investigation of
the old age security program, the
committee also voted to ireeze
the present 'k per cent payroll
tax until 1956. Otherwise, the tax
would go to two per cent on Jan
uary 1.
Under the terms of the commit
tee's proposal, the tax would rise
to two per cent in 19!(i, 2V4 per
cent in 1960, three per cent in
1965, and its top of 3 per cent
in 1970.
The committee plan would
boost average Individual benefits
from $26 to $49 a month and
raise total benefits from $700,
000,000 to $2,000,000,000 a year.
Chairman Walter F. George,
D., Ga., announced that the com
mittee voted for a "strong pay-as-you-go
system."
Fund Built Up
Payroll tax money would be
used to meet the new high cost
of the program, George explain
ed, and future deposits into the
$12,000,000,000 social security
trust fund would be slashed. The
fund has been built up to pay off
future claims.
The increased benefit scale
would go into effect every two
months after the bill becomes
law, George said. About 2,900,000
persons now receiving benefits
would get the Increases automat
ically. George said the committee
would complete its recommenda
tions for revising the social se
curity system in a day or two.
The house already has passed a
bill revising the program and
George's committee has been
working on the problem since
January 17.
The committee last week an
nounced its decision to bring 8,
500,000 more persons into the so
cial security program. The house
bill would add 11,000,000 persons
to the program.. President Tru
man asked that 20,000,000 be in
cluded. George said his committee's bill
would bring some 500,000 elderly
persons now Ineligible for full
coverage of the program by mak
ing requirements lighter.
Individual benefit Increases
would vary from 60 to 110 per
cent, depending on the salary
earned, he explained.
He said the minimum "prl-
April One of Worst Months
In History, for (A S. Treasury
Bv Lyle C. Wilson
(UnlU-d J'rets Staff Corrtiontlent)
Washington, May 3 UB April
was one of the worst months In
United States treasury history.
The government went Into the
hole during the month at a rate
of about $-17,000,000 a day, nearly
$2,000,000 an hour.
For each day of April the trea
sury spent nearly $2 for each $1
collected in tax revenue. The
weekly spending rate was about
$100,000,000 against about $53,
000,000 in tax collections.
There have been larger deficits
in many wartime months but few
have matched April's In peace
time. The treasury forecast for
May and June is as bad, or worse.
On June 30, the treasury will
balance its books for fiscal 1950.
It expects a deficit of $5,400,000,-000.
On July 1, fiscal 1951 will be
gin. When it ends on June 30,
1951, the deficit is expected to be
at least $5,133,000,000. It Is like
ly to be more than that.
FigurcHtGlvcn
If government could have been
run in April for about $1,500,000,-
000 the treasury would have brok
en even on the month. Here are
the April treasury figures:
Spent by the gov
ernment $,46,746,atj0.3S
Tax revenue 1,488,260,232.69
April deficit 1,358,486,127.66
A men spending rate accom
panied by a slackening In Income
tax revenue" combined to estab
lish the unfavorable treasury sit
uation in April. It brought the de
ficit figure for the flscul year so
far to $2,588,185,942.19.
There is some argument that
the administration has under-es
timated the deficit with which It
will end the fiscal year on June
30. But assuming that the admin
istration figure is accurate, the
treasury will go Into the red dur
ing May and June by about $2,
811,814,057.81. If the red ink Is
evenly divided between those two
mary" benefit would be Increased
from $10 a month to $25, except
for those whose earnings average
less than $34 a month. They
would receive a minimum retire
ment benefit of $20 a month. .
The maximum "primary ben
efit would be $72.50 under the
committee bill, as compared with
$45 in the present law.
The maximum family benefit
would be $150 under both the
committee and house bills, George
said. The present' law puts a ceil
ing ol $85 on family benelits.
nut under tne committee bill,
no family would be allowed to re
ceive more than 80 ppr cent of
the l'ctlred worker s average sal
ary "The committee kept the pres
ent retirement age at 65.
months, each will show a deficit
slightly greater than that record
ed for April "and a new treasury
record probably will have been
set.
Worst In History
The record would be for the
worst showing of any quarter
year period in United States peace
time history.
Government spending has been
on a binge since the 1920s when
costs were around $3,000,000,000
annually, A good example of then
and now is the fiscal year 1925.
In those 12 months, the govern
ment spent $2,881,000,000, which
is just about what government
spent this year In the month of
April.
The 1925 fiscal year was dis
tinguished not only for economy.
There also was a 1925 surplus,
$717,000,000.
WII.I, HAZE BUILDING
Portland, May 3 mi, -- Store
Properties, Inc., of Los Angeles,
said today the 58-year-old Ore-
gonlan building would be razed Bullis were on the hospitality
Grange.Sess.on
To Start later
Grand Hall, May 3 (Special)
Members of the Eastern Star
grange voted at their meeting
held last Tuesday evening to
start their meetings as long as
there is daylight saving time at
8:30 a.m. Robert Bradellch was
voted to membership In the
grange and Mr. and Mrs. W. A.
Engstrom were obligated In the
first and second degrees by Mrs.
Alex Walters.
During the business meeting
Donald Sorensen gave a short re
port on the uses of ommerelal
fertilizers on the garden. Mrs.
F. W. Wells, H E. chairman, re
ported that plans concerning the
Pomona grange meeting had been
completed. She also roiul the
H.E., quarterly report. Mrs. Joe
Illnce gave the juvenile report.
Frank Nelson stated contract
had been given to Ed Eastman
and a cistern for the grange hall
will be completed early in May.
Dr. and Mrs R. I.. Cutter. Mrs.
Marion Dubuis ar..1 Mrs. Edwin
in 90 days by the Cleveland
Wrecking company of Cleveland,
u.
No new building is slated for
the site, according to Leon Bui-
Her, representative of Bullier &
Bulllcr, Portland firm represent
ing the Los Angeles owners.
The Oregonian vacated the
downtown landmark in 1948 when
the newspaper moved Into a new
building. Store Properties, Inc.,
bought the old building for ap
proximately $800,000. Bullier said
the contract for the demolition
was less than $100,000.
Bulletin Classifieds Bring Results
committee for the evening,
A great change has taken place
on the Butler market road In re
cent weeks. Mike Voclvick and
Nolan Turner have cut down the
huge poplar and Cottonwood
trees on their farmsteads neur
the road.
Mrs. Lee Kurtz left Saturday
for Salem where she will visit a
few days with relatives, and at
tend a family reunion.
Mrs. Walter Pilchard will be
hostess for the regular meeting
of the Eastern Star extension unit
at her home Thursday. The proj
ect on cleaning sewing machines
will be given by the agent, Miss
Ruth Shelton, and Miss L. Chase
will be present in the afternoon
to discuss "cancer." Persons at
tending are asked to bring their
plant exchanges and a sack
lunch to the meeting.
Work on the transportation
scrapbook was nearly completed
at the regular meeting of the
Eastern Star Juvenile grange,
held at the hall last Saturday.
Suzan Cutter and Ann Dyer serv
ed refreshments at the close of
the meeting.
Mrs. Joe Conrad was hostess to
the regular meeting of the Grange
Hall Ladies' aid at her home on
the Butler market road Thurs
day afternoon. Fourteen mem
bos were present. Mrs. Walter
Smead was a guest at the meet
ing. The next meeting will be
held at the home of Mrs. Nolan
Turner May 11.
Joseph L. Leivlns was a din
ner guest at the Walter Pricnard
home last Wednesday evening.
Pupils of the Young school par
ticipated In the trl-county grade
school track meet held in Red
mond last Friday afternoon. They
were accompanied by their teach
er, Mrs. Achsah Stearns. Doro
thy Linville placed first in the
Softball throw for "A" girls.
A community meeting for the'
4-H leaders was held last Wed
nesday evening at the Walter
Pricnard home. Joseph L. Leiv
lns, 4-H club agent, was present
and discussed various 4 H plans
with the leaders. Those present
were Mrs. Joe Hlnce, Six Corners;
Mn. George Huettl and Mrs.
Lawrence Huettl of Boyd Acres;
Mr. and Mrs. R. D. Moore, Mrs.
Nolan Turner and Mrs. Lyle
Carrington of Young school; Mr.
and Mrs. E. G. Rowley, Tommy
Burton, Mr. and Mrs. Harold
Harbour, Mrs. C. A Burton and
Mr. and Mrs. Pricnard of Rich
ardson. The Young Farmers' 4-H gar-
' V 1 If II II
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MAY END STRIKE
Portland, May 3 iU'i A special
meeting of striking AFL Mould
ers union was scheduled here to
day to discuss a tentative agree
ment reached in negotiations
with 17 plants.
II. W. Sprague. union secretary,
said the two sides in the 32-day-
old dispute had arrived at the
den and crops clubs will meet
ivith the Glen Vista Weedless
uaruen club at a p m. at Richard
son school, Friday, May 5. H. M.
Waddoups of Swift and company
will show several new motion pic
tures for the club members, it
has been announced.
The Juvenile grange declama
tion contest will be held at the
next meeting of the Eastern Star
grange, May 9. The contest Will
be held just before the regular
meeting of the grange.
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