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.
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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
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