Eisenhower’s Economic Report To
Congress Blueprints Achievement of
$500 Billion Production In 10 Years
WASHINGTON, (A1)— Presidents
Eisenhower handed Congress yes
terday his 10-year blueprint for
the achievement of 500 billion
dollars or more in annual produc
tion and said 1955 promises a
high level of jobs and produc
tion.
In a glowingly optimistic econ
omic message, Eisenhower gave
virtual assurance of a “general,
though modest, reduction in
taxes” in 1956, made possible by
broad business recovery now in
process.
He wagged a warning finger at
the soaring stock market, declar
ing that “continued economic re
covery must not be jeopardized
by over-emphasis of speculative
activity.” The government, he
said, will meet its “great respon
sibility” to prevent a fanancial
boom-and-bust.
Picturing the present as a time
of industrial expansion, the Presi
dent said labor strife often in
creases in such periods with “ser
ious economic repercussions.”
The report, third and last of the
major presidential messages,
urged the states to increase the
amount, duration and coverage of
unemployment compensation, and
called again on Congress to raise
the minimum wage from 75 to 90
cents.
Eisenhower discouraged the
proposals of labor leaders and
some Democrats for a wage floor
of $1 or $1.25 an hour. The 15
cent increase, he said, is all that
can be “economically justified
... a higher minimum might
cause lower production and sub
stantial unemployment in several
industries.” He proposed, how
Residents of Afognak Will
Be Permitted To Buy The
Land They Are Living On
WASHINGTON, UO —Secretary
of the Interior McKay Thursday
announced the signing of an order
intended to permit residents of
Afognak village in Alaska to buy
the land on which they are living.
The order excludes 1,140 acres
in the Chugach National Forest
from restoration to the public
domain.
Director Edward Woozley of
the Bureau of Land Management
recommended the action on the
grounds the families inhabiting
Afognak are entitled to own the
lands they have occupied for
many years under Forest Service
permits.
Woozley said the 1,140 acres
comprise a three-mile strip on the
southern tip of Afognak Island,
immediately adjoining Kodiak Is
land. He said most of the lands
are occupied by the village, which
consists of private residences for
175 inhabitants, two stores, a
post office and a church.
Though townsite and 'trade sites
are involved, he said, the pri
mary method of issuing patents
to the occupants will probably be
under the Homesite Act of 1934
which applies only in Alaska.
Under this law, the villagers
woGld be able to acquire the land
they are actually occupying at a
price of $2.50 an acre.
MAN LEAPS FROM
RUNAWAY TRUCK AND
LIVES TO TELL ABOUT IT
FRANKLIN, Pa., W — Truck
driver Dale Fickes, 27, of Warren,
Ohio, leaped from a runaway rig
traveling nearly 100 miles an
hour yesterday and lived to tell
about it.
Fickles said the brakes failed
as he started down a long, dead
end hill and the speedometer hit
100 miles an hour at one time.
Moments before the truck went
off a 50 foot embankment into
a creek, Fickles leaped onto the
snow covered road, slid 50 feet
and suffered only a minor cut
and a sprained wrist.
ever, that Congress consider ex
tending minimum wage protec
tion gradually to 20 million work
ers not now covered.
These were among 33 recom
mendations in the 207-page re
port. But Eisenhower stressed
that government’s role—in help
ing to achieve the 40 per cent
production raise needed to reach
a 500-million-dollar annual out
put of goods and services in 1965
—will be primarily that of en
couraging private initiative, curb
ing monopoly, and avoiding en
croachment on industry.
Former Fairbanks Asst.
D.A. Is Arraigned On
Embezzlement Charges
FAIRBANKS, GPI — Former
assistant district atty. Teay N.
Gore was arraigned in Federal
court Tuesday on embezzlement
i charges. He was released on
! $2,000 bail.
Gore, who was in the district
attorney’s office in 1953, was
charged on one count with em
bezzling $70 from Harold Hutson
on or about April 14, 1954, while
employed as Hutson’s agent.
On a second count he was
: charged with embezzling $130
from Ed Yoder, while an agent
I for Hutson, on or about May 15,
' 1954.
I A preliminary hearing was set
' for Tuesday, Jan. 25.
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( When we shall reach our destined home, And see Him face to face; j
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• The glad eternity we'll spend. And celebrate His grace. /
p In which unspotted beauteous dress His saints have always stood./
) PaidAdv./
___
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