Newspapers / The Franklin Times (Louisburg, … / Jan. 2, 1964, edition 1 / Page 4
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EDITORIAL COMMENT Johnson9 8 Economy President Lyndon Johnson's drive to save money in the big gest-spending agency of the government, the Defense De partment, is a welcome move. The American people ? the vast majority, that is--approve the President's action and approve it with enthusiasm. We are living in an age when the federal budget is a hundred billion dollar thing. The De fense Department gets about half that. Untold billions have been wasted in defense opera tions for years, in unnecessary duplication, uncoordinated pur chasing and the traditional re luctance of the services to give up bases and Installations that have become no longer vital or necessary. Johnson has vast experience in defense and space work and In congressional scrutiny of these activities. And he knows Con gress Is in the mood for econo my. The economy effort is neces sary if Congress is to vote tax reduction. Johnson is gambling that the squawks resulting from a trimming of fat will not out weigh the good to the nation, and the realization of the vast majority of Americans that he is performing a service to his countrymen. Religion And Politics The latest example of church es mixing In politics Is per sonified in the plight of the Roman Catholic archbishop of Vietnam now seeking refuge in Italy. It is said that if he returned to Vietnam the mobs would tear him limb from limb, that he doesn't dare go back. (He is the brother of the former ruler Ngo Diem.) He is a religious man and, un der the American concept, he would have had nothing to do with politics and government operation. As soon as he became arch bishop two years ago he began to exert economic and political control over a large area of the country. He reportedly had a monopoly on timber and con trolled the price of mahogany. United States and Catholic wel fare aid is said never to have reached the people, having been sold by archbishop reportedly on the open market. No wonder the majority in the country -- Buddhists -- finally rose up and thrust off this re ligious and economic oppres sion. No wonder today there is violent anti-Catholic feeling all over Vietnam . The Market If any further proof were need ed that stock market gyrations have no valid logic or intelli gence behind them, the demon stration on New York exchanges In recent days have provided it. When President Kennedy was slain, the market went into a wild tumble downward. There was no reason for it; there is always a vice president and Lyndon Johnson was pledged to the Democratic platform, and the Kennedy policies. Then, after Johnson assumed the Presideifcy, the stock mark et went Into a wild climb up ward, surpassing its highs un der the Kennedy regime. There was no reason for that either, for this came only days after Johnson had been sworn in ahd no results of his administration or even his business policies, were fully stated at the time. The fluctuations and wild ups and downs are disquieting. They indicate the market is both nervous and influenced to an excessive degree by specu lation and rumor. This is not desirable. Presidential Succession A number of prominent Ameri cans have questioned the order of succession to the Presidency and the issue is a lively one once again. As the law now stands, the speaker of the House follows the vice president and then comes the president pro tempore of the Senate. President Elsenhower thinks the individual who should suc ceed the presidency after the vice president should be the secretary of state. He says this would provide for a con tinuance policy, whereas the speaker of the House or the House or the president pro tempore of the Senate might be from a different party. It is true that- ,the cong?*ss-' man, and the senator, who might become President, could be of a different party. But it is not true th:*t the secretary of state would necessarily be qualified to become President. He is not even an elected official. He could know, conceivably, al most nothing about finances and critical domestic issues. A better or safer plan might be to have two vice presidents, as has been suggested. One could be a standby vice presi dent. When the first vice presi dent is called to the office upon the death or incapability of the President, the second would be come the normal vice presi dent. This man would be on the party ticket and would be an elected official, Who had campaigned before all Ameri cans in a national election. The Ffajjjgih Times ? ,j:?U&li5hed 1870 ? Published Tuesdays 6 Thursdays by THE KRAXKL1K TIMES. INC. - Bickett Blvd Louisburg. N. C. Dial GY 6-3 25 3 A. K. Johnson. Jr.. Managing Editor Elizabeth Johnson. Business Manager NATION A I t D I T O * I A I \A/ I AsTbcrATl"?N ? roaamnrme Advertising Rates Upf>n jteauest ? SUBSCRIPTION ? Rates 13.50 per rear; 16.00 tor 2 yrs. 8ales Tax .11 .IS t Total ,$3.61 $6.18 14.50 per year Outside State Single Copy 5c Entered at the Postoffice at Louisburg, N. C. as second clasa mall matter. EARN MORE IN '64 We pay 4% on 12 mo. Certificates of Deposit "Save at Citizens in Henderson" CitizensBank and Trust Company *THE L CAD I NO BANK IN THIS SECTION* ' WE INVITE YOUR IUSINESS" MEMIER FEDERAL DEPOSIT INSURANCE CORPORATION HENDERSON , JV. C. ALL FLAVORS IELL0 '* 35( BLUE PLATE IUT BUTTER "to* PEANUT U< WESSON OIL":49c 39( "LA RUT*" CORNED 12 oz. BEEF can SUGAR lL. 59* WITH $5 OO OR MORE ORDER HUNT'S CALIFORNIA TOMATO AR nj JUICE Ca! "TWIN PET" DOG 12 CANS 83* KLEENEX 2 400 Ct. Pkgs. ^ iS * FRESH / \\v\ NEW RED PMATnrc 5 Lbs. 29* MEDIUM YELLOW _ ^ . ONIONS IQC 3 Lbs. I? FRESH GREEN CABBAGE < lb. iti MEMBER BETTER VAL-U BEEFY WESTERN CORN FED STEER BEEF - U. S. CHOICE-WHEN IT'S ARMOUR STAR, IT'S BEST CLOSE TRIMMED CHUCK ROAST u. 39? "ARMOUR STAR" IOULDER ROAST SHOULDER 59* "ARMOUR STAR" DNELESS. STEWING BEEF u BONELESS 59' "ARMOUR STAR" . RIB OR BRISKET nQ^ STEWING BEEF Lb ALL MEAT FRANKS is 39? SNOWDRIFT SHORTENING 3 Lb. Can JERGEN'S TOILET SOAP BI6 BATH SIZE nn uAurr ucLmunic. PINEAPPLE -GRAPEFRUIT " Oft j* 46 0Z ^JJV | JUICE DRINK Can - "BANQUET" CREAM PIES 3 f? 97' 'SUZIANNE" "MWWWKri i?iyi STEAKS ?""?
The Franklin Times (Louisburg, N.C.)
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Jan. 2, 1964, edition 1
4
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