The home journal. [volume], March 26, 1952, Image 2

About The home journal. [volume] (Charlotte Amalie, St. Thomas, V.I.) 1951-1973

Image provided by: University of the Virgin Islands

                
Congressman Urges Comments
On Organic Act
Congressman Redden,
Chairman of t h e House
subcommittee on interior
and insular affairs, has in
formed Omar Brown,
chairman of the Assem
bly’s Organic A ct Com
' Sale Os Government Properties
Sealed bids, in triplicate, will be received at the Depart
ment of Finance, Purchasing Offiece, Administration Build
ing, St. Thomas, Virgin Islands, at 11:00 A.M., Tuesday,
April 1, 1952, and then publicly opened for the sale of the
foliowing items located at the Agricultural Station, St. Tho
mas, Virgin Islands:
3 No. Range, shelter, poultry
1 No. Battery, starting, hoeft
1 No. Cart, 1-1-2 ton four wheel (feed)
1 No. Scale, egg grading i
2 No. Tables, bridge with 7 chairs
1 No. Pump, gasoline engine 3 BP
1 No. Chair, typist
1 No. Lawn Mower :
3 No, Block. double wood ;
1 No. Knife, draw
2 No, Level. spicit
1 No. Pruner, point cut 27in,
1 No. Saw coping '
1 No. Saw, double edge
1 No. Square 10in.
1 No. Thermometer, household
.3 No. Bars, Crow
5 pr. Hinges, heavy strap
100 Ne. Traps, rat, mongoose, metal
1 No. Hacksaw
3 No. Pruning hand shears
The Government reserves the right to reject any or a#l bid,
to waive any informality in bids and unless otherwi3c speci
fied by the Government or by the bidder to accept any item
in the bid.
Purchase Office, Department of Finance,
Administration Building, March 20, 1952.
Louis Shulterbrandt, Commissiones of Finance
Position Vacant
Position of Treasurer and Procurement Officer for the
St. Thomas Development Authority. Salary $3600. -per
annum, ,
General Qualifications required.
Government procurement and disbursement procedure
Cost Accounting
(‘ompletion and preparation of Government Payrolls.
Standard Bookkeeping and Record keeping. :
Competent in use of typewriter, adding machine and
accounting machine.
Applicativn must be filed prior to March 28,1952,
mittee, that he will let
iin kicow w h e n and if
further hearing on the new
organic act for the Virgin Is:
lands wili be held. In the
meantime, he suggested that
the Organic Act Committee
submit its comments in writ
ing on the recommendations
recently adopted by the Con
gressional committee,
The Home Journal
Our Town And You
The Chamber of Com-,
merce supports the view,asl
do individuals & business
firms throughout the Is
land, that taxes are at the
danger point, beyond asafe
upward limit. They have
reached heights which I'e-!
duce . incentive. They
threaten to destroy eco
nomic stability which is es
sential to the well-being of
the Virgin Isiands.
~ During some periods
ihigh, but not excessive,
taxes are inescapable. Pro
\perly cevised, such taxes
are preferable to deficit
financing and inflation,
‘which is the worst form of
tax.
It is the Chamber’s view
that the key to'the preblem
of lowertaxes, reduced
debt and a stable fiscal
system, is curtailment of
lavish government spend
ing.
The private enterprise
svstem must be allowed to
grow. Business should be
permitted to retain suffi
cient earnings to finance
expansion and to provide
adequate dividends. I t
must be. enabled to pro
vide for equity financing
and avoid dangerous bor
rowing. The disturbing and
discouraging - effects o f
'excessive taxes should be
eliminated. | 3
! Taxes must not cripple}
initiative , self-reliance ,
’thrift, risk-taking and
proper provision for de
\pendents and old age. Fe
deral income ta x rates,
reaching from 22 per cent
upon modest incomes to
four tim s that,take from
two to nine of every 10!
dollars of net taxable in-1
come. They cut deeply in-!
By The St. Thomas
Chamber of Commerce
to small incomes and prac
tically destroy those above
a moderate level.
ARtax program must be
provided which will
be better balanced and better
suited to the system of indiv
dual responsibility and incen
tive which has enabled the
Virgin Islands to reach its
present state of economy,
T h e effects of enormous
budgets are to encourage
wasteful spending create dis
trust in the integrity of the
p ocesses of government, and
threaten its stability.
Now that the next year’s
budget is being considered the
Chamber supports these speci
fic proposals: 1. Xeep expen
ditures within the expected
revenues, without increazing
\taxes. thus applying the prin
ciple of ‘‘go as-we-pay’’ as
}‘well as “pay as you go. 2.
Make rates decreases rather
than increases. Lower rates
an wean higher revenue. 3.
"Distribute the burden equita-
Lbly over the entire population.
: e
House Trims
Housing Program
{ Taking action which isex
'pected to have local repercus
sions, the House of Represen
[tatives on Friday passed a $6,
254, 215, 628 bill to finance
'more than a score of Federal
agencies in the coming fiscal
year, but in so doing sharply
reduced the appropriations re
quested by President Truman.
The reductions amounted to
$724,000,000.
The bill prohibits the Pub
lic Housing Administration
from starting more than 5,000
new low-cost housing units
during the coming fiscal year
or in any following “year.
without specific Congressional
approval. The administration
had plans for 50,000 units.
W\’WWVW\IVWM
For Sale ,
One Vahagony Bedstead
In Good Condition
Inquire at Home Journal
Office.