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Show V " the Utah Jr w UTAH STA1 Steel Official Issues Warning About Inflation U.S. SOOATION 7:-- v ttA W. A. the nations economy. He urged HARRISBURG, Pa. Walker, vice president and comp- accountants to do incessant pubtroller of the United States Steel lic battle against the forces that Corporation, tonight called on the erode the value of the peoples accounting profession to alert the money and eat away the resources American people to the dangers especially, of those on modest fixthat lie in the continual erosion ed incomes such as are derived from pensions, savings bonds and of the dollar. on New Challenges annuities. Speaking for our Profession before the I know of no higher, public Pennsylvania Institute of Certi- service we can perform than to fied Public Accountans 60th An- be at the forefront of the niversary Dinner here, Mr. Walk- against inflation, Mr. Walkerfight deer cited inflation as a threat to clared. Who else better possesses Weekly Newspaper Devoted to Good Government VoL 11; No. 11 - Salt Lake City, Utah Friday, March 2? and more valid weapons to fight for the protection of the value of our peoples financial resources and against the social, as weU as economic, injustices that inflation perpetuates? Mr. Walker said in carrying out this obligation, the first point of attack must be on the lack of understanding of the proper and sound operation of our 1 J)h &rte$ We need a miracle man to out how to distribute perfigure sonal earnings into the most worthy channels. The kids of our cities and countries deserve swimming pools end more playground areas, supervised by trained and trusted people. free-enterpri- economy. It is an essential part of our professional duties to be alert to and immediately detect changes in value, the U. S. Steel execu- First things should come first! And $500,000 would go a long ways toward accomplishing exactly that right? Our national debt is fast approaching over $2,000 for every Taxes man, woman and child still take about of all the money that is earned by the producers of the nation. Aid to France is estimated at over- ten billion dollars.- Just one tenth of that would buy 58,000 average U.S. farms enough to cover 20 or 30 counties Ouch Ouch Ouch! one-thir- d - - J Mrs. Hazel. Taggert Chase (center President of-the Utah Federated Womens Republican Clubs, pictured with her cabinet. Officers reading left to right: Mrs. Evelyn Williams, Mrs. Madeline Wirthlin, Mrs. Evelyn Lomax, Mrs. Lesley Riter, 67 billions -- worth of . defense, the total amount spent the last ten years? Mrs. Gladys Foley, j President Chase, Mrs Franoes Paige, Mrs. Helen M. Renkel, Mrs. Ruth Mumford Smith, Mrs. Irene McCullough and Mrs. Irene 'Staples, are planning Semiannual Federation Conference. v - Automation means: Shorter work week eventually 30 hours service per week; jobs will increase line assembly jobs drop off; better, cheaper products by reason of fewer production errors and more- standardization; mechanized office procedures will eliminate many routine clerical With President Dwight D. 1500 women leaders expected jobs; country townsites will apto technical Eisenhowermore peal industry; heading an impress- from all over the country, the ive group of speakers and with Fifth Annual Womens Republitraining will increase. can National Conference in Washis expected to ington April be one of the outstanding womens meetings since the inception of the Republican Administration. conference will The three-daTheres a lot of talk in Wash-into- n foolishness of a federal dam prolately on how to save tax- posal at Pleasant Valley, on the prepare women leaders for their payers money and cut the budget IdahoOregon border. role in desseminating information He guestioned whether the on Many people in government are public issues and in the activbending their efforts along this public interest is being served in ities for the 1958 Congressional line. attempting to earmark the site Election Campaign, Mis3 Bertha But the government is a big for federal government constructS. Adkins, Assistant Republican operation. Like the seagoing octo- ion in view of the serious need pus, its different aims are like- - for power to serve the customers National Chairman, under whose ly to reach out in opposite direct- of the Pacific Northwest company. direction the Conference is conAfter all, as the Congressman ducted, said today. ions. the when That is what appears points out, the customer should In addition to the President, Interior Department orders a have some say in this matter, and the speakers will include Secrestudy of the possibility of build- they cannot wait on bureaucrats tary of Agriculture Ezra Taft dam that want someday to build a ing a government-finance- d Benson; Percival F. Brundage, on the Pleasant Valley site of the dam with government money. Director of the Bureau of Budget; A years delay has been oc- Under Snake River. The Pacific NorthSecretary of the Treasury west Power Company is trying to casioned by the unwarranted W. Randolph Burgess; Arthur get permission to build a dam intervention of federal power Larson, Director of U. S. Inforthere to provide electricity for advocates in the current proceed- mation Service; Gabriel Hauge, the people, and at no cost to the ings, said the Congressman, re- administrative assistant to Presitaxpayer. Theyre willing, and ferring to the application of the dent Eisenhower. It is also exare proving that they are able. utility before the Federal Power Richthat And remember the Snake? We Commission to develop the site. pected M. now on his foreign ard Nixon, heard enough about that during Are the customers of these utiliwill return in time to address trip, the' fight over Hells Canyon, ties to be further penalized? one of the sessions. which finally was decided in Congressman Jensen asks, saying A dinner on April 2nd will be favor of private enterprise at no these delays more than offset cost to the taxpayer. any fancied superior benefits addressed by Senator Styles claimed by the federal power Bridges of New Hampshire, ChairCongressman Ben Jensen one of the legislators who advocates. man Senate Republican Policy is deeply concerned over needsmall heres a And, besides, Committee; Representative Chas. less waste of public funds, has bite that could be taken out of A. Halleck of Indlanna, House called attention to some of the that big budget today!1 Minority Floor Leader; the young : eptuhlksm Women To Mold Fifth Annual Conference Dn Washington C Federal Funds Compete With Private Interest In Dam Project -3 y Vice-Preside- (R-Iow- tive pointed out, continuing: Specifically, each of use can dispel a great deal of the public puzzlement of the nature of inflation and its effects. Each of us know that, in terms of specific enterprises of which we or our clients are a part .there is nothing vague or theoretical about Inflation. Inflation is a hard reality; and it becomes a comparatively simple matter to explain it to our various public audiences, in straight-forwarterms with readily understandable examples. Mr. Walker said it is the sequence of events stemming from unearned wage increases which are not matched by corresponding Increases in productive efficiency that must be shown to the public. Playing with inflation, he he said, is like playing Russian roulette with the nations economic welfare. You need only to examine the facts of history to know that you can put the inflationary revolver to the temple of an economy and pull the trigger pust so many times, before the firing pin strikes the bullet and does damage to that economy. On the subject of inadequate depreciation in industry, Mr. Walker said if the tax laws affecting depreciation were actually operating as they were originally intended to operate, we should be able, over the years, to recover enough money through depreciation to equal the purchasing power originally expended. But these tax laws have not been modernized to treat realistically the severe inflation that has occurred, Mr. Walker stated.' Broadly, he said, the accounting profession needs to tackle consciously and expertly its numerous social obligations and thus become of increasing usefulness to the American people. d Has Europe realy proven to us that they properly used se a) nt i est Republican Senator, Charles E. Potter of Michigan; and the youngest Republican Representative, Edward H. May, Jr., of Connecticut. Chairman of the three RepubliNational Committee Chairman Meade Alcorn; Senatorial Committee Chairman Senator Andrew F. Schoeppel of Kansas; and Congressional Committee Chairman Richard Simpson of Pennsylvania will talk about the challenge and the big job inherent in the 58 Congressional campaign. can committee Conference activities begin the afternoon of April 1st, with a reception honoring wives of Cabinet and Little Cabinet officials. Receptions and dinners of the various , State delegations, at which their representatives in Congress and in top positions dn the executive departments will be honored, will take place the evening of April 1st. A luncheon on April 3rd, the concluding event, will have as its keynote speaker, Miss Peggy Wood, nationally known stage-Tartist, who took an active part in the 1956 Presidential campaign. V Mrs. Larue B. Jex, Utah National Committee woman is in charge of the State Delegation. Mrs. Ora J. Lewis has coordinated registration activities through each County Vice-Chairma- n. A Useless Gesture That resolution passed by House Democrats asking the President to cut his own budget is not only childish but dangerous, and the Chief Executive is eminently correct in reminding the that pruning is their job. President Eisenhower promised to be as helpful as he could, but in spite of the misgivings recently expressed by Secretary Mr. Eisenhower is not lik-lto strangle his own to please the Congress. The American public, that has inundated Congress with its demands for economy, is not amused by abdication. Congressmen who stay, may have to work their way from here on. law-mak- es Hym-phre- y, y brain-childre- n |