THURSDAY, MARCH 10, I**s Senate Reveal WASHINGTON, Uueh t.W up today with a of lew-income families by ssoo creasing federal revenue. Taxes on stockhbldefo and ,ch i - .i-iii. ,■ To. ■■ Coast-to-Coast Record Broken By Air Fore# NEW YORK, Mirth, * Air Fores broke the Itteew rimrd front Lot Angeles td New Ytffk today with three Jet blsnet 'mSk ing the flight non-stop in lest than four hOurs. The pilots said thevaould have done it faster except lor slow end obsolete mid-air refueling tartkSr planes. Lt. col. Robert R. Scott, 84, of Des Moines, lowa, flying a Re public FB4F Thunderstreak turn ed in the fastest time—3 hours 46 minutes and 83 seconds. He aver aged about 649 miles an hour. The old mark for the 2446-mile route was 4 hours 6 minutes and 16 seconds, set Jan. 2, 1954, by Air 'National Guard Col. Willard W. Millikan of Washington, D.C. Scott was pressed for the new mark by MaJ. Robert C. Ruby, 82, also of Des Moines, and Capt. Charles T. Hudson, 33, of Gulf port, Miss., also flying Thunder- Rflby did it in 3:47:38 Shd Hud son, in 3:49:53. Eight Air Force Thunderstreaks left Los Angeles in a mass assault on the record. Five dropped out through failure to make Contact with refueling planes or other reasons. All reportedly landed safely. While setting a Los Angeles- New York record, Scott failed to beat the Navy’s time from San Diego, Calif., to New York—243B miles, or seven miles shorter than today's run. Margaret Might Surrender Title LONDON, March 9 cess Margaret, like her Uncle Ed ward VIII before her, was re ported ready todfcy to surrender her royal prerogatives for the love of a divorced commoner. The 24-year-bld princess and RAF Capt. Peter Townsend, 40, father of two children, intend to marry this fall, an inform ent in touch with the royal family Sild The informant declined, use of Townsend, British, air attache in Belgium, was quoted a# idyl ing: “There can be nothing said until the time is ready ofcjomd-, body else does Something." There is every indication that the people of Britain and the Commonwealth are being tested to determine how they Wouid re act to a formal announcement, , Probl«m—Maml«'s Health May Hamper Ike In '9l NEW YORK, Marsh 9 WPp-Thd Chairmen of the Democratic Na tional Committee said today Mr*. Eisenhower's health may deter her husband from running again for President. Chairman Paul M. Butler had Said yesterday he doubts - Presi dent Eisenhower will seek reeled tion because of “a personal situ ation in the Eisenhower house hold." School Hoars ArnafU Functions of the University stu dent government wire discussed by Jesse Arnelle, All-Uhivefsity president, in an assembly Friday in the Bellefonte High School auditorium. THE PERFKTPIUA $ A Li Y’S Wt DHIVat AD 7-2873 Democrats Tax Plan —Senate Democratic leaders came said would Cut tha income taxes miUlOh a year while actually in- rporationf WOuld be boosted. ‘- Majority Leader Lyndon B. Johnson of Takes claimed that if Congress accepted the plan and StUr- Eisenhower administration followed a “reasonably prudent" couTSe the budget coUla be bal anced in fiscal 1087. , ■■r,'’ "-i . Substitute BUI ' The new proposal would sub stitute for a bill passed by the House to cut income taxes $2O a pear for every taxpayer and de pendent beginning next Jan. 1. The new plan would give each Iliad of a household a $2O cut plus $lO for Oach dependent other than a spouse. Johnson explained to newsmen that this provision could be used, nowaver, Only to the extent that it exceeds the advantages of in come tax splitting now enjoyed by mOfrled couples, and that the general effect would be to limit the reduction to families with in comes below $5OOO. Revenue gains would be achieved by repealing tax bene fits voted last, year for corpora tions and stockholders. Extend for 27 Months It also would extend for 27 months, to July 1, 1957, corpora tion income and excise tax rates which are scheduled to drop April 1. The House bill extends these lor One yCar as the administration asked. The proposed changes, Johnson tOld a news conference, would mean a net revenue gain of $4,- ; 94,000 between how and July 1, 057. Secretary of the Treasury Humphrey does not agree with some of the figures used in John son's computations. He thinks the revenue involved would be con siderably lower. Opposed House Bill President Eisenhower is strong ly opposed to the $2O-a-head mea sure passed by the House Feb. 25, and opposition has been building up in the Senate, too. It would cost the government about $2 bil lion a year., Johnson said the new plan has beeh approved in principle by all members of the Senate Democrat ic Policy Committee. Thus the stage is Set for a big debate when the tax bill reaches the Senate floor tomorrow. Senate Approves Harlan Nomination WASHINGTON, March 9 iff)— Nomination oLCircult Judge John Marshall Harlan for the Supreme CoUrt was approved by the Sen ata Judiciary Committee today. A 10-4 vote, with one nieihber abstaining, ended a controversy within the committee over Presi dent Eisenhower's nominee to re place the late Justice Robert H. Jackson. Chairman Harley M. Kilgore BS-W,Va.), said he hoped to get ! nomination up on the Senate oor quickly, but acknowledged It Would take several days. Odds appeared to favor confirmation or the tall, gray-haired 89-year old grandson of a Supreme Court justice, although not without challenge. Sen. Everett M. Dir keen (R.- 111.), foresaw “a bit of a floor fight," Dirksen voted for Harlan in committee. The Senate confirmed Harlan more than a year ago as a judge of the 2nd U.S. Circuit Court of Appeals in New York. VETS Have discharge papers and other records for the V.A. photostatted in less than a day at Centre County Film Lab 122 W. Beaver Ave. THE DAILY COLLEGIAN. STATE COLLEGE PENNSYLVANIA Red Papers Scoff British Proposal March 0 (/P)—Soviet newspapers and the official Tass news agency scoffed today at the British labor party's proposal for Big Three talks on the hydrogen bomb and disarmament. A motion submitted to the House of Commons In London Monday backed by party leader Clement Attlee and other labor moderates, called on Prime Minis ter Churchill to approach the United States and the Soviet Un ion in an effort to arrange a top level meeting, Tass reminded the Laborites the Soviet government Feb. 1$ had again stated its formula for banning atomic and hydrogen weapons. The formula called for complete, unconditional destruc tion of all those weapons. Accusing the Laborites of try ing "to capitalize on the British public's revolt against a hydrogen arms race,” Tass declared: _ "It is noteworthy this resolu tion ignored the statement by the Soviet Union in which proposals about prohibition of atomic and hydrogen weapons is clearly stated as well as proposals for stopping the arms drive and con vening a world conference for a general reduction of armaments. It 4s characteristic that on the day following the submission of the Laborite resolution in the House of Commons, Attlee pub lished an articl in the Daily Mir ror in'which he made slanderous attacks against the Soviet Union, praises NATO and supports re arming of West Germany .and in fact supports the atomic arms drive, saying that ‘proposals about the prohibition of weapons of mass destruction give Us nothing.” Shipbuilding Program OK'd WASHINGTON, March 9 (IP)— A new billion-dollar shipbuilding program—including a fifth super carrier and three atom-powered submarines—was approved 34-0 by the House Armed Services Committee today. Chairman Carl Vinson (D-Ga) said he expects to send the $l,» 317,000,000 measure to the House next week. The bill only author izes the program, for the year ending in mid-1956. Actual funds will be considered later. The Sen ate has not acted. Swift committee action came after Navy officials called the giant flattops “indispensable!’ for the modern fleet. This apparently lessened the likelihood of a new battle over the merits of carriers vs. land-based air power. Led by East Coast congress men, the committee voted down a proposed amendment to let Pa cific Coast shipyards handle con struction jobs considered essential by the President to maintain ade quate Pacific Coast facilities. Only, six members voted for the amendment. Noes were not counted. Teachers Ask $4OO Raise HARRISBURG, March 9 (/P) — Pennsylvania’s organ 1 zed teach ers today asked the General As sembly for an immediate $4OO salary increase above the $2OO yearly raise now provided by law. Two proposals submitted to the House in behalf of the Pennsyl vania State Education Assn, would boost state subsidies to school districts for the next five years in order to finance the sal ary increases. Smith Stock WASHINGTON, March 9 (£>)—The world’s biggest broker disa greed sharply today with a recommendation that stock buying be put oh an all-cash basis. Such a step, Winthrop H. Smith told the Senate Banking Com mittee, would be discriminatory, would “dry up the market” and block the issuance of new securities Smith is the managing partner of the far-flung broerage firm of Merrill, Lynch, Pierce, Fenner & Beane As to whether stock prices in general have gone too high, Smith said he doesn’t know, adding: “And I don’t believe anybody knows.” Too Much Speculation? Whether there is too much speculation in the stock market, Smith said, is a matter of opinion. “I don’t grant yet that there is too much,” he said. New waves of selling sent share prices down again today at New York, but a late rally cancelled much of the decline and brought good gains to some stocks. A few issues advanced more than $2; losses of $1 and $4 were fairly common. He told the committee that “confidence is the all important factor which moves a person who has money to invest to take action if he believes that sound values are Available.” “This confidence in our future growth and in the stability of the economy seems to have in creased,” he commented. Brokers and underwriters of security issues, Smith testified, “have played only a minor role” in the rise of the stock market, and said this is as it should be.” Don't Control Markets “My own view is that the propr er function of firms such as mine is not to try to control or in fluence market levels, but to pro vide facilities) for customers, to make available information on request, and to eliminate so far as possible all artificial influ ences,” he said. Deploring “tips and rumors even though some of these tips and rumors may materialize,” Smith said his firm feels strongly that the individual investor is better off if he ignores them. 3c Airlift Rate May Stay WASHINGTON, March 9 (£>)— The Post Office Department may seek to make permanent its ex perimental airlift of some first class mail at a three-cent rate. The regular airmail rate is six cents. SENIORS You Have an I with tomorrow I March 16th in Room 202 7 p.m. WILLARD HALL - See a technicolor lilnk presented by The Krogr Co., depicting career opportunities in the fields c STORE MANAGEMENT, FOOD MERGHANDISINf ACCOUNTING, PERSONNEL, REAL ESTATC WAREHOUSING AND TRANSPORTATION. KROGER OFFERS: • Excellent Starting Salary • Step-by-Step Training Program • Liberal Profit Sharing Plan • A Free Retirement Plan • Complete Group Insurance Coverage • Military Leave of Absence Policy •An Interesting Dynamic Business DON'T MISS THIS OPPORTUNITY Interviews Scheduled March 17th and 18th at College Placement Service Register in Advance THE KROGER CO. Hits Senate Proposals 3-Power Talks On Indo-China Rumored Near WASHINGTON, March 9 (JPi— An American-British-French con ference in Washington on Indo china was reported in the works today. March 28 was mentioned as tne possible starting date. The meeting would seek pri marily to coordinate Big Three policy on scheduled elections to unify Indochina. It was considered unlikely— although not entirely ruled out— that the parley would require the presence of British Foreign Sec retary Anthony Eden and French Foreign Minister Antoine Pinay. But tne talks were ticketed for a high level. The Indochina truce signed last July 21 at Geneva provides for elections in July, 1956, when all the people of Viet Nam we ’d vote on whether they want the Communist rule of the North or the Democratic government of the South. , Consultations to set up the elec tion are scheduled to begin next July 20 between officials of the two areas. Complete Laundry and Dry Cleaning Service High Quality 2-Day Sarvlca REED'S Laundry and Cleaners Established, in 1912 109 S. Pugh Si. Phone AD 8-8981 PAGE THWE
Significant historical Pennsylvania newspapers