Image provided by: University of Oregon Libraries; Eugene, OR
About Medford mail tribune. (Medford, Or.) 1909-1989 | View Entire Issue (Nov. 10, 1963)
SUNDAY, NOVbiMbbK 111, ltMU iThey'UDoItEvefvTtW By Tinimy Hatlo 1 B&s, BUT A DELUGE AT A FOOTBALL (jAMETMAT he'll wallow in And enjoy no end-- 1 MEDKUKD MAIL iKlBUNE, MfcDKORD. OREGON Chairman of Tax Relief Committee At Local Meeting Norman L. Easley, chairman of the newly organized state wide Income and Property Tax Relief Committee, met with committee members and other interested persons in Medford Thursday to discuss the bases for the proposed initiative cam paign to bring a sales tax meas ure before Oregon voters at the general election in Novem ber, 1964. The Medford meeting was one of a series of visits Easley is making throughout Oregon to seek support and determine the necessary ingredients for a suc cessful sales tax measure. To date, Easley has met with spokesmen for a number of or ganizations, including agricul tural, business, industrial, con sumer and taxpayer groups. "There appears to be general agreement among all groups as to the need for a sales tax in Oregon to resolve the state's current financial crisis and at the same time provide relief for the oppressive tax burdens which are confronting property owners and wage earners," Eas ley said. Indicated Interest "Without exception, the groups I have met with have indicated their interest in joining us in a unified statewide effort to bring this matter before the people of Oregon for their consideration at the general election next November. "The consensus of those I have contacted personally favor a sales tax measure with a broad enough base to provide a substantial offset for both prop erty and income taxes while providing funds to meet the ad ditional revenue needs of the state," Easley pointed out. During his visit, Easley indi cated his intention to tour every part of the state, meeting with all interested persons "in- an effort to determine just .how people feel about the efforts of our committee. We don't intend to overlook anyone in back grounding ourselves on what this measure would or should not contain to realize a success ful solution to the current tax dilemma in the state of Ore gon." EXPANDS FLORIDA TRIP WASHINGTON (UPD-Presi dent Kennedy has expanded his Nov. 15 trip to Florida to in clude a weekend at Palm Beach, a visit to MacDill Air Force Base at Tampa and two speaking engagements. Treasury Experts Scraping Bottom Of Federal Barrel By JOSEPH HUTNYAN WASHINGTON (UPI) - The treasury is scraping the bottom of its cash register which is causing some problems for fed eral money managers. The government's cash bal ance which fluctuates daily has been cresting around $4 billion recently. This is the low est in several years, and about $7 billion less than it was July 1. The main reason is that the treasury is edging so closely to the current $309 billion legal debt limit that it is unable to go out and borrow more work ing cash. Treasury monetary experts stress that the government is paying all of its bills on time but that sometimes it is re quiring a bit of fiscal agility. ine prooiem is getting tne money scattered throughout Anti-Foreign Aid Coalition Active WASHINGTON (UPIi A broadly based anti-foreign aid coalition today was expected to mount new assauus on me oaa ly battered aid bill, despite the efforts of outnumbered admin istration forces. The Senate measure, already cut to slightly more than $3.7 hillinn. would authorize another year of military, economic and technical assistance to trienaiy nations around the world. The inntoiivo total nas Sunn million less than what President Kenne dy asked, but still $240 million above what the House voted. Th Sonatp moved into its 10th day of debate on the bill today with more man m amena ments remaining for , possible action. In a nine-hour session Thurs day the Senate rode roughshod over the bill, writing into the measure four policy restric tions the Kennedy administra tion definitely did not want. These included: A flat ban on aid to Yugoslavia, a move to block aid to Indonesia, "aggres sor nations" and countries mo lesting U.S. fishing vessels in what Amer ca reEaros as miei- national waters. The "ag gressor nations' provision was aimea mniu&i. ouieij a,. in dent Gamal Abdel Nasser's re gime in Egypt, its backers said 11,000 banks at the right place and at the right time. A eood deal of thp rash Ho. posited in these banks comes from employers sending in tax revenues withheld frnlm (heir worker's pay. The government uses tnis large number of banks for deposits to make it con venient for iust about pvnrv. body. The federal bills actually are paid through 36 federal reserve banks SDOtted in vartrmn: spp. tions of the country. treasury experts have esti mated in the past that the gov ernment netAen a minimum cash balance of $5 billion, with i.s Dinion ready for paying out in the federal reserve banks. When it falls hnlnui that ii it has recently things can be come a Dit stickly. The problem is that the lower cash balance tnkps snmp nf the flexibility out of the system wnicn is Kina ot a gigantic jug gling operation. With less dol lars to worn with, the mone tary specialists are a little more more pressed to make certain that the cash is there when the customer shows up. For instance, the treasury may write a $5 million check to a uos Angeles tirm tor per formance of a contract. Since the check probably will be cash ed thp rlnv aftpr it ic the enVPmmpnt. has tn malra certain the check is covered by its leaerai reserve outlet in Los Angeles. If the account there is low, the treasury has to bp! thp rash from one of its other accounts. Can Pick Up Cash In a ninch. thp pnvprnmAtit can go to about 50 large banks and pick up extra cash on a few hours notice. These banks were set un tn hpln nut in rasps where a shortage may crop up in a certain region. WnUPVPr thp mnnov rnano- Pers don't likp tn rpsnrf tn thic outlet because such short-notice requests tor cash disrupts the bank's plans which usually are made over a fairly long period. Presumably, the federal bank ers use this source only when no otner alternative is avail able. Some of the pressure on the whole system may be eased by the 15th of the month. That's whpn thp npxt hatrh nf with. held tax receipts are due from employers. CRATER FINANCE Cascade Shopping Center White City-826-2721 Let Us Put You On Top of The Wonderful World of Money The "money months" are here againl If you need EXTRA CASH just give ui a ring on the phone and tell us how much you need. ONE IOAN -ONE convenient monthly payment. Call on us todayl A Handy Hundred or More From Crater Finance Mony From Crirtr Firtinct il likt Monty Fiom Homt. CRATER FINANCE Faculty Members To Attend Meeting ASHLAND - Three Southern Oregon College faculty members will attend the annual conven tion of the National Council of Teachers of English in S a n Francisco, Nov. 28-30. Attending will be Dr. Arthur Kreisman, chairman of the hu manities division, who will par ticipate in the meeting of the department chairmen; Dr. Don ald Moore, associate professor of -ducation and English, who will participate in the meeting on secDndary methods; and Marythea Grebncr, assistant professor of English. Some of the most important issues of the convention will de velop in the sections on compo sition, reading, and on gram mar. Pre-conference planning also is taking into account the ! con'Mcrable interest that is de veloping in the spread of Eng lish as an international lan . guage, an-', the political, social and humanistic implications of ! the emergence of English as language used in common by i the people of the world. i William Goldeng, whose "Lord i of the Flies" has become a ma jjor focus of literary interest, and Jr,hn Fischer, editor-in-chief of Harpers, will be guest speak : ers. Other speakers will include ! August Heckscher, until recent ly cultural advisor to the White House, and Ihe poet, Robert Lowell. More than 4.000 English teach ers are expected to attend the convention. month long CHINA SAL Save 14 to 39 on 8 exciting patterns, services for 8 or 12. 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