House Group OKs
Billion Dollar Cut
Foreign Aid Funds
WASHINGTON, UP—'The House
Appropriations Committee Friday
approved a subcommittee recom
mendation to cut $1,100,000,000
from President Eisenhower’s re
quest for money to finance the
foreign aid program.
The cut includes $705,244„277
in new funds requested for the
program and $402,256,805 in un
obligated carryover funds. The
heaviest reductions were in funds
for military aid to European na
tions outside the Russian orbit.
The committee sent to the floor
of the House for debate this week
a bill to appropriate $4,433,678,
000 in new money and permit the
use of approximately $1,600,000
000 in unobligated carryover
funds during the fiscal year which
began July 1.
President Eisenhower had asked
for $5,138,922,277 in new money,
including approximately $13,000,
000 for special purposes during
the next six months.
Former President Truman had
requested $7,600,000,000 in new
funds.
Both requests had contemplated
continued availability of most of
the unobligated money carried
over from the previous year. The
Eisenhower request for new funds
for military aid was chopped from
53,548,570,054 to $3,150,000,000, a
cut of $398,570,054. Truman had
asked for $5,463,710,000 for mili
tary aid.
BAD WEATHER CANCELS
SEARCH FOR FISHERMEN
ANCHORAGE, 041 —Bad wea
ther cancelled weekend air search
rescue efforts for two fishermen
missing in separate mishaps in the
Kenai district, Tenth Air Rescue
group headquarters reported.
One was Ed Gro^wkowski, Nin
ilchik fisherman missing since
Tuesday and the other a man
whose last name was “Bishop,”
whose capsized boat was found in
the Kalgin area.
A fishing boat, the Maureen
Green, reported finding the body
of a man tangled in a fishing net
and his papers identified him as
Vaino Salo, Homer.
-
Expedition Into
“Unknown Sea”
Gets Under Way
LA JOLLA, Calif., — An ex
pedition into what its scientists
term the “unknown sea” of the
Northwestern Pacific got* under
way from here Saturday.
Submarine waves greater than
ever seen on the surface will be
measured and those aboard the
research vessel Spencer F. Baird
believe they may find the deepest
spot in all the world’s oceans.
The expedition will be the fifth
major one by the University of
California’s Scripps Institution of
Oceanography, under Navy spon
sorship, in the Pacific since 1950.
Submarine waves—great swells
below the surface believed to be
as high as 300 feet — will be
studied in the so-called unknown
sea east of Japan. Highest re
corded surface waves are around
100 feet.
Warren S. Wooster, who heads
.the expedition, said that a Navy
scientist now in Tokyo, Robert S.
Dietz^ has expressed belief that
the expedition may find the
world’s deepest point in the area
south of Tokyo.
The present greatest sounded
depth is 34,500 feet, or about
miles, in the Mindanoa Trench in
the Philippines.
The research ship Baird will
sail to Adak, Alaska, arriving
there about Aug. 16. She will stop
at Tokyo about Oct. 5 and return
here Dec. 2.
Former Nome Man
Military School Graduate
WASHINGTON— Capt. Charles
M. Boundy of the U.S. Navy, born
in Nome, was graduated from the
Industrial College of the Armed
Forces in Washington, June 18.
Capt. Boundy’s father was well
known in the Nome area, where
he once was associated with Maj.
J. P. Strong in publishing the
Nome Nugget. Capt. Boundy •him
self served in Alaska after the
end of World War II as aviation
supply coordinator for the Navy.
The senior Boundy today lives
at Edmonds, Wash., where he re
tired after 30 years service with
the Seattle Times.
""..—. """. ...
THE NOME LIQUOR STORE
WE CARRY A LARGE ASSORTMENT OF
FINE LIQUORS, BEER AND WINE
OUT-OF-TOWN ORDERS CAREFULLY HANDLED
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MINERS & MERCHANTS
BANK OF ALASKA
NOME ALASKA
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QUALITY DRY CLEANING A SPECIALTY
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PHONE RED 96
Mr. and Mrs. Carl Mickelson, Proprietors
President May Ask
Congress to Boost
Legal Debt Limit
WASHINGTON, Ut— President
Eisenhower, who found himself
carrying the biggest national debt
in peacetime today, may ask Con
gress this week to increase the
$275 billion debt limit.
A six-billion-dollar boost in the
debt, resulting from the largest
new borrowing since World War
II, lifted the debt Friday to $272,
361,259,801.91.
This is just seven billions below
the wartime peak of February,
1946, and within $3 billion of the
legal ceiling imposed by Congress.
Officials have predicted the
government will have to borrow
at least $3 billion more before
Congress, driving for adjournment
by August 1, meets again next
January.
While a request for a higher
ceiling would be embarrassing
politically to the Eisenhower ad
ministration, officials insist it
would not indicate a debt burden
dangerous to the economy.
The ceiling was $300 billion
during the war, when national
income and national production
were considerably lower than
now. The limit was reduced by
Congress to $275 billion in 1946.
The debt reached a post-war low
of $251 billion in April, 1949. Then
it began rising again.
Secretary of the Treasury Hum
phrey issued a statement Friday
night pinning the responsibility
on the Truman administration.
The debt, he said, “points up
the situation which the spending
programs of the past few years
have produced.” These programs,
he said, caused the fiscal 1953
deficit of $9,389,000,000 which he
announced on July 1.
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