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Americans Saved $107 Billion In'54 After Food, Taxes
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The American people had $107 billion left from their income last year for spending or saving after a record $148 billion for food, shelter and clothing, and paying $33 billion in taxes—federal, state and local combined.
This income for 1954 was the equivalent of $600 for every man, woman and child in the population, and was greater than the total personal income in any year prior to 1942.
Out of this sum the people made a substantial addition to life insurance and other savings last year. Figures compiled by the U.S. Department of Commerce show that total personal savings in 1954 exceeded $18 billion.
More money also was put into annuities for retirement years, with the total of this prospective income approaching the $2 billion mark.
Ownership of life insurance increased by approximately $30 billion during 1954 to a total of approximately $334 billion.
$1 \frac{1}{2} Billion Under 1953
Last year's personal savings were $1\frac{1}{2} billion under the 1953 total.
Savings continued to decline and personal debt rose further in the first half of this year.
The people also spent $500 million dollars more than ever before last year for medical case, indicating the increasing emphasis being given to health in the family expenditure pattern. Total outlays for medical and dental care, hospitalization, etc.,掉了 $101 billion in 1954.
$3 Billion in Health Payments
$3 Billion in Health Payments
This is evident in the fact that total benefits paid under accident and health contracts by insurance companies are nearing a $3 billion annual rate.
After taking care of their basic necessities and taxes, the American people still had a record sum left over to add to their material possessions and to indulge in luxuries.
The highest priority in discretionary spending was given to automobiles with a total of more than $23\frac{1}{2}$ billion to the motor companies and to related industries. This was a new high level.
The people also boosted their outlays for recreation to more than $12 billion in 1954. They supported religious and welfare activities with more than $3 billion.
$17 Billion On Luxuries
$17 Billion On Luxuries Along with this, the people spent nearly $17 billion on luxuries and non-necessities. The biggest item was $14 billion for liquor and to-bacco.
The record $148 billion spent by the people for food, shelter and clothing combined in 1954 was some four-fifths greater than it was a decade ago and close to three times the total of such outlays in 1929.
Nelick To Speak At Fellowship
Franklyn C. Nelick, assistant professor of English, will speak at 6 p.m., Sunday on "This I Believe," at United Student Fellowship.
The meeting will be held in the home of the Rev. Dale Turner, 1332 Strong Ave. Supper will cost 25 cents
Cabinet members elected recently are Michael Mills, McPherson sophomore, moderator; Margaret L. Epps, Topeka freshman, secretary-treasurer; Janice Jones, Sabetha junior, faith chairman; Kenneth Plumb, Sunflower junior, action chairman, and Sarah Wilen, Manhattan freshman, fellowship chairman.
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Wednesday, Oct. 19, 1955. University Daily Kansan
Officers appointed earlier are Barbara Lukert, Sabetha senior, Student Religious Council representative, and Barbara Bell, McPherson junior, publicity chairman.
Group To Run Loundromat
Disciples Student Fellowship, the Christian church college youth group, will operate Risk's Laundromat from 8 a.m. to 5 p.m. Friday. Proceeds will be used for missions and various other services. For further information call VI 3-7257.
Conferences are keeping home economics faculty members busy.
Home Economics Teachers Busy
Next Tuesday and Wednesday, Miss Ruth Franzen, assistant professor of home economics, will attend a 20-state conference of College Teachers of Textiles and Clothing at Purdue University, Lafayette, Ind.
Miss Franzen, a member of the executive committee, will lead a discussion group for three meetings.
Miss Viola Anderson, associate professor of home economics, will represent the University Oct. 28 and 29 at a regional conference on College Teachers of Foods and Nutrition in Chicago. The conference was planned in consultation with the Home Economics Education branch of the U.S. Office of Education.
Earlier in the month, Miss Frieda Sloop, assistant professor of home economics, met with the Heart of America chapter of American Women in Radio and Television in Des
Miss Sara Patterson, assistant professor of home economics and nursing arts, attended the annual convention of the Kansas State Nurses association in Hutchinson last weekend.
Voice Professor To Sing At 8 p.m.
A complete song cycle, "Die Winterreise" by Franz Schubert, will be sung by Reinhold Schmidt, professor of voice, at 8 p.m. in Strong Auditorium in the opening event of the faculty recital series.
He will be accompanied by Miss Marian Jersild, assistant professor of piano.
Professor Schmidt has been at KU since 1949. He achieved national recognition during his many years as soloist and musical director of the "Contented Hour" radio program.
Masqat, fortress capital of Oman, displays some distinctive marks of foreign visitors, says the National Geographic Society. Sailors have made it a custom to climb the Masqat cliffs and advertise their ships by painting big white letters on the rocks.
What's My Line A Panel Topic
Miss Edna Hill, professor of home economics, and Jane Henry Hoerath and Susan Montgomery, Lawrence seniors, reviewed the conference.
"What's My Line?" was the topic of the discussion held by the Home Economics Club last night. The members also heard a report on the American Home Economics Association convention in Mineapolis, Minn.
"To be a successful home economist, you must be one-third Dale Carnegie, one-third Marilyn Monroe, and one-third pack horse." Mrs. Hoerath recalled from a conference speech.
Members of the careers in home economics panel were Helen Marie Kite, Wichita senior; Phyllis Adams, Bethel senior; Mary Ann Scramlin, Overland Park junior; Barbara Emison, Muncie sophomore, and Suzanne Schwantes. Winfield senior.
The next meeting of Home Economics Club will be Nov. 8. Program chairman are Verdi Crockett, Kansas City, Mo.; senior; and Marjorie Baylor, Fort Wayne senior; Donna Bunker, Baschor freshman; and Joan Walker, Holyrood senior; are committee members, and Miss Helen Lohr, associate professor of home economics is adviser.
Four faculty members are participating Friday and Saturday in the College Conference on Teacher Education at Topeka.
4Faculty Members To Attend Talks
Ethan P. Allen, professor of political science, will moderate a panel discussion on citizenship education, and Alvin Schild, associate professor of education, will be a panel member.
H. E. Chandler, associate professor of education, will be a panel member in a discussion on selection recruitment. Karl Edwards, associate professor of education, is a member of the conference planning committee.
In the Gulf of Aden schools of porpoises reach vast proportions. Some schools number thousands of these mammals. They can leap 20 feet out of the water.
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Russians Give Up Lease On Naval Base In Finland
Just a few steps from the West Hills or 18th Miss. bus stop at 11th Mass.
WASHINGTON—Along Finland's southern coast, a small but strategic patch of land, Porkkala, is again changing hands.
The enclave, which includes a peninsula and adjacent land some 20 miles from Helsinki, was leased to Russia for a naval base in 1944, following the Finnish-Soviet armistice. Its scheduled return within the next few months will come nearly 40 years before the expiration of the Russians' 50-year lease, as part of their announced program to relinquish military bases on foreign soil.
Porkkala covers only about 150 square miles, but its location makes it important to whatever country controls it. It has been nicknamed the "Baltic Gibraltar," because it overlooks the narrowest point of the Gulf of Finland near its entrance to the Baltic Sea.
Porkkala Peninsula reaches south into the Gulf toward the Estonian capital Tallin, 38 miles away. Leningrad, Rusia's second city, sprawls at the Gulf's other end, 200 miles to the east. Helsinki has been, since 1944, within easy gun range of a foreign military zone.
other problems of the Finnas. Through this 20-mile coastal area runs the direct railway route between Helsinki and the important port of Turku to the west.
The return of Porkkala will ease
In giving up Porkkala, the Russians transfer to Finland improvements made during their occupation, such as dock and harbor works, new buildings, and other construction.
Although details of Soviet military installation have been close secrets, now and then reports seeped out that some 20,000 troops were stationed in Porkkala, that woods had been cleared for artillery practice and airports, that submarine pens had been built, and mine fields, anti-tank defenses and pillboxes.
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