Decatur Daily Democrat, Volume 53, Number 68, Decatur, Adams County, 22 March 1955 — Page 8

PAGE EIGHT

Government Reports On Average Earning t Average Earning Os $5,330 Last Year WASHINGTON (INSI — Government economists said today the average American family earned *5.330 in 1954 — and had *4.820 left ta epend after federal income taxes were taken out. Average earning of the family unit, including unattached individuals. was about the same as in

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1953 but SO percent more than in W- ' • A commerce department report 1 showed that 40 percent of V. 8. , families had incomes over 35,000 I a year and 55 percent earned *4,j IJO or more. Six percent earned I less than *1.600 and three per- ; cent more than *15,000. Personal earnings totaled 272 billion a dollars before taxes. Os I this 85 billions went to families ! with lefts than *5,000 a year, 117 billions to those in the *5.000-*10 ( - I 050 range and 70 billions to families with incomes of over *IO,OOO. i There were 50.500.000 family (units last year. This -was broken : down by the’ 'department into 5,500.000 farm families, 9,500,000 unattached individuals not living with relatives .and 35.500,000 nonfarm families of at least two perj sons. Non - farm families received 84 percent of total income. The average earnings of this group was by far the highest — *6.390 as compared with *3.460 for farm families and *2.630 tor individuals. A “marked difference” was noted by the department In the distribution by income size brackets among the three groups. Os eight million consumer units with incomes under *2,000, four million were individuals and two million | were farm families. Non - farm j units made up 25 million of the 28 • million families with Incomes over j *4,000. | If you aave sometmng lb sell or | rooms tor rent, try a' Uemoe-at I Want Ad. It brings results. 1 '

Truman Tries Hand As Music Critic First Article Since Leaving White House NEW YORK (INS) — Former President Haryt S. Truman made his debut today as a oiie-shot music critic/ a person he Once described as "an eight-ulcer man on a four-ulcer job.” An article by Truman reviewing a new record album called "The Confederacy” appears in the current Saturday Review. It 1h the first article he has written since leaving the White House in 1953. and recalls his famous battle of words with a new "fellow music critic." Paul Tlume of the Washington Post and Times Herald. Hume, reviewing the singing debut of Truman’s daughter. Margaret, in December. 19 r »»). concluded that "she cannot sing very well.” The then .chief executive dashed off a hot, hand-written letter to the critic, telling him off in no uu certain terms, and added hip opinion that a critic was “an eight-rJ-cer man on a four-ulcer job.” In his review of the record album, which he called “excellent,' the 67-year-old Missourian gives some observation of the Civil War. , Trade in a Good Town — Decatur am __ v '

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THE nBCATUR DAILY DKMOCRAT. DBCATTJR, INTOAMA

Surplus Os Trees Is Still Available A surplus of more than fike million trees Is still available at state nurseries,* says Leo Seltenrlght, county agriculture agent. Deadline for advance orders is March 25. Farmers who are Interested can procure application forms from their county agent, any district forester, or the forestry extension office at Purdue. Primary purpose for -which these trees are made available each year are timber production, windbreaks, Christmas trees, and erosion control. They must be planted in rural areas, outside city or town limits, and may be purchased only in quantities of 50 or more of any one species. Bald '’Cypress, European larch, red oak. cottonwood, red gum, tulip poplar, stratified walnuts, and white, pitch, jack, scotch. Virginia. shortleaf, and red pine are among the varieties still available ut tly* nurseries. If help is needed in determining what, where, and how to plant, farmers should contact the county agent, nearest forester, or write to the forestry department at Purdue. Chicago — Carrying U. S. mail has been a railroad responsibility for about 100 years. Wenatchee — (Enough apples are grown in the United States each year to supply about Sff apples to every man, woman and child in the nation according to recent crop estimates. ■ v

Clean Bill To Slock Market By SEC Head No Prevalence Os Illegal Practices In Stock Market WASHINGTON (INS) — Securities and exchange commission chairman Ralph H. Demmler gave the stock market a clean bill of health today so far as illegal practices are concerned. Demmler told the senate banking committee he is confident “there is not prevalent any serious wave of illegal practicee by brokers and dealers” who handle stock m r *’ r "t _ transactions. 1 JTke head of the federal agency which regulates the markets conceded that “some violations of the various securities lawn undoubtedly. go undetected.” » He said that a low budget prevents SEC from carrying out completely Its policing operations, and records of only about 800 of 4,100 registered brokers and dealers are inspected each year. But Demmler asserted that “the calculated risk” involved in policing stock market books is “somewhat diminished" by an elaborate system of checks and balances. He pointed out the stock ex-

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changes and the national association of securities dealers regularly inspect the operations of the brokers and dealers. Moreover, the SEC chairman said a few states have enacted inspection procedure*, and all registered stock market operators file financial reports with the commission. Demmler said ne felt Illegal operations have been drastically reduced because any dealers so Inclined realise they could face action in both federal and state courts and they might lose their license to continue in business. He added that the filing of finan« cial reports' with SEC "gives some indication of danger spots.” The SEC chief said he had no recommendations tp propose on curbing either the advertising programs of stock market officials or the elimination of market "tipsters” who have been severely criticised during the Banking Committee’s hearings. Demmler said SEC is currently reviewing the advertising program of the New York stock exchange in an effort to "indicate what types of sales literature may offend the anti-fraud provisions of the securities laws.” Chicago — U. S. railroads receive about 1,300,000 pounds of malt every hour of the day for handling and shipment. Spokane — Lumber output In the U. S. during 1953 amounted to an estimated 39,258 millions of board feeL

Urges Economic Aid Program Be Pushed International Fund For Underdeveloped WASHINGTON (INS) — Sen. H. Alexander Smith (R-N. J.) urged today a "new partnership” Instead of the “rich uncle” approach to the economic aid program for Asiatic allies and underdeveloped countries. The foreign relations committeeman proposed that technical aid be pushed more vigorously and intelligently. He charged that "we have been working sort of halfheartedly on the econmtc side” of foreign assistance. Smith said that in extending technical "know how." this country has tended to build up other nations “in our own image.” He said this “makes for enemies not friends'* because other countries do not necessarily wish to become “little Americas.” In a speech prepared for floor delivery. Smith urged that recipient countries be permitted to take the "initiative” and “keep within the framework of their social structure’* in a new economic aid partnership. Specifically, Smith proposed a new international fund for capital development in underdeveloped areas, and increased support by congress of both technical assistance and the V. S. oversea* Information program.

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TUESDAY. MARCH 22. 1955

■ J ./ Meanwhile, a high administration official told a reporter that technical aid and the information program “are in for trouble" from economy-minded lawmakers. President Elsenhower has asked three and one-half billion dollars for foreign aid but it will be midApril befre a breakdown on this budget request reaches Capitol Hill. '•’'Sen. Everett Dirkaen (R-lll.) who has sought to trim aid bills in the past, said he will ask the senate appropriations committee to call the auhor of "Billions, Blunders and Baloney" when it takes up foreign aid. Eugene W. Castle, the author, was highly critical of the assistance programs. (ISTEH « SMITH Attereeye KNTATH NO. 4f»2 MOTICK TO Al.I. PKHMIXR INTEHKMTKD IM THE KNTATF. OF Richard K. Malian In the Circuit Court of Adams County, Indiana February Term, 1955. tn the matter of the Relate of Richard K. Mahan, dee eased. Notice la hereby given that Norma C. Mahan as Administratrix of t>h» above named estate, has presented and filed’ her final awouiU In final settlement of said estate, and that .the same will come up for the examination and action of said Adams Circuit Court, on the 3(Hh dav <rf Man'll, 1955, at which time all perwone Interested in said eetat--are required to appear in mild court and show- cause. If any there be. why said account shauild not lie approved. And The heirs of said decedent and nil other* interested arc also required to appear and make proof of their heirship or claim to any part of said estate. NOItMA C. MAHiALN Personal liepreaentativu Administratrix March 15-22 If you have something to sell or rooms for rent, try a Democrat , Want Ad. It. brings results.

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