The Courier-Journal from Louisville, Kentucky on April 23, 1940 · Page 3
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The Courier-Journal from Louisville, Kentucky · Page 3

Louisville, Kentucky
Issue Date:
Tuesday, April 23, 1940
Page 3
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THE COURIER-JOURNAL, LOUISVILLE, TUESDAY MORNING, APRIL 23, 1940. 3 Roosevelt Urges Recapture of 700 Million Held By 31 Agencies SECTION 1 Tells Plan To Stay Within Debt Limit Tentative Proposal Offered to Senate Harrington Testifies On W.P.A. Charges Wachineton. Aoril 22 (U.R) rrccirtpnt Roosevelt today sub mitted to the Senate a tentative pln to recapture $700,000,000 of surplus funds held by thirty-one Government corporations and put the money in the Treasury's general fund. Roosevelt offered the program, first disclosed in his January budget message, as part of the Government's plan to keep the statutory debt within its legal limit of $45,000,000,000. Writes Letter to Garner. In a letter to Vice President Garner, Roosevelt said the tentative plan is to reclaim: $35,000,000 from Treasury investments in savings and loan associations. $40,000,000 from Federal intermediate credit banks. $60,000,000 from banks for cooperatives. $15,000,000 from Production Credit Corporations. S200.000.000 from Federal Land Banks. 550.000,000 from the Public Work.? Administration. $300,000,000 from the Reconstruction Finance Corporation. Responds to Resolution. The President's letter was In re sponse to a Senate resolution introduced by Senator H. F. Byrd ID.. Va.1. Byrd complained re cently that he had been unable to cbtain details of the proposal. He faid he would oppose "bookkeeping juggling merely to evade the legal debt limit as set by Congress." "The amounts are tentative and sre not to be taken as final," Roosevelt stated. "I am now having the proposals carefully reviewed and may recommend legislation to Congress. "For example, the capital stock of the Federal Farm Mortgage CorDoration might be reduced by $100,000,000, in which case the re duction of the capital structure of the Federal land banks might be $100 000,000. "The Reconstruction Finance Corporation could be permitted to purchase the stock of the Federal Home Loan Banks, now held by the Treasury, amounting to $125,-000,000, in which case the return of capital funds from that corporation might be $175,000,000? Legislation to accomplish a similar purpose may be requested in the case of other corporations. Appraisal Called Necessary. "Moreover, there are certain bills now pending in Congress pertaining to credit agencies which if enacted would affect the final determination as to the distribution between agencies." Byrd said any recovery of funds from the corporations necessitates a careful eomination of their assets and an appraisement of their loans and properties. But unless 1he $700,000,000 is diverted, he emphasized, "the ap propriations now being mane are in excess of the debt limitation and for this reason it is incum bent on the Conijrtvs to know from what corporations such funds will be obtained and whether such diversion can be made without impairing the abil ity of the corporation to pay t.e obligations it has incurred. Birmingham Man Guilty of Fraud With Food Stamps Birmingham, Ala., April 22 (P) Nick Salzano, former food store! operator, pleaded guilty today to Federal charges he accepted food stamps in exchange for goods not authorized as surplus commodities. Federal Judge T. A. Murphree gave him. a suspended sentence and placed him on five years probation. Salzano was one of four men and three women arrested here last week accused of fraudulent misuse of the food stamps. Cases for the others have been continued pending study of the law by defense counsel. One of the cases involved exchange of the stamps for a fur coat. House Probers Cbcck Report Washington, April 22 UP) Col. F. C. Harrington, Works Projects Administrator, and Col. Brehon B. Somervell, W.PA. administra tor for New York City, told a House investigating committee to day what they knew about charges of W.P.A. irregularities. Chairman Clifton A. Woodrum, (D., Va.) said after the closed hearing that the officials explained some of the charges and commented on others reported by committee investigators. Details of the report have been kept secret, but Woodrum said they related to excessive adminis trative costs, W.P.A. work on private property, certification of relief rolls, excessive traveling expenses and similar matters. Harrington was given a copy of the report a week ago for study in preparation of hearings before the group, which also is preparing the 1941 relief appropriation. I 1 it , i i I J. j . Economy Hope Begins to Fade C7 At Washington Little Saving On Budget Estimates Is Expected Washington, April 22 (IP) Influential lawmakers predicted today that Congress would appropriate about $7,870,000,000 at this session, resulting in little if any savings under President Roosevelt's budget estimates. Although the President told re porters last week that it seemed ikely Congress might cut about $200,000,000 off the 1941 expendi tures which he proposed last Janu ary, some Senators said this now appeared impossible. As an illustration, they pointed Col. F. C. Harrington. Quizzed by House Committee New York Parole System Urged As Model for States Chicago, April 22 (U.R) Edward R. Cass, secretary or the American Prison Association, tonight hailed the "success of intelligent parole" in New York State as an example for other States "where parole is out on a limb." Speaking before the seventh an nual Central States Parole and Probation Conference, Cass said New York's parole plan, revised in 1930, had proved that intelligent parole costs no more than stupid parole but that "the people get just what they want." Must Stand On Own Feet. "Parole must stand on its own two feet instead of on the feet of political corruption and crooked administration," he said. "The public must demand intelligent, impartial supervision." "It will come no other way." Cass, who is a member of the New York Commission of Correc tion, said a five-year study showed 82 per cent of the State's parolees never were returned to prison through conviction of crime. 64 Per Cent Are "Cured." He said 18 per cent were re turned to prison by the Parole Board because it was deemed "ad visable," but at least 64 per cent were credited with complete re habilitation. "This cannot be termed failure, Cass asserted, "especially when it is considered we are dealing with societys' failures w here the school, or the home, the church or social science already has failed." Sight Returns To Blind Man Pittsficld, Mass., April 22 OP) Sight returned today to blind Francis Soutier, 24, as suddenly as the darkness which enveloped his life six years ago. Soutier, who became totally blind overnight through paralysis of his optic nerve, was working at his newsstand today when sud denly he found himself able to distinguish between darkness and light. Looking about he could see hazily the moving figures of people. He looked at the stand and could see papers, cigarettes and candy. He doesn't know yet what has happened. Deafness Mr ttow be arcf ullr nvrr-romi by ate of an Al DH'I.K. If you hrmr but dn not andrrxtand ronTrrxations, rail or writ today for drtailrd Information. J. W. MeClain. 225 Brrxlin Bld., 3rd and Broadway. Phone HA 4570. Call JA 7816, Sumirar Prices Cleaning Restyling 2nd Floor Martin Brown Bid;. iwmm fcwnnrrYiifiirTWwJ ts rt Thi9 booklet introduces you to a different New York ...the modern Mecca of exciting contrasts! Medieval monastery (the Cloisters) and Radio City breeze-swept beaches and Broadway night life the Fraunce's Tavern of Washington's day and THE NEW YORK WORLD'S FAIR. Ifliat to see. ..and how to see it on the budget you prefer is summed up for you. Also, you- will learn how a small difference in the total cost can make a great difference in your trip... by staying at this world famous address. Send for booklet. Address Dept. 40. and Navy would ask supplemental funds of $100,000,000 or more for defense needs which were not con sidered in the original budget. An expenditure of this nature virtually would wipe out the tentative reductions of $118,051,334 which have been made in appropriations bills considered so far. Revenue Runs Ahead. Chairman Harrison (D., Miss.) of the Senate Finance Committee commented: "If we get through with this session and stay within the President's original budget estimates, Congress will have done a fine job." Harrison and others, however, were understood to have been cheered by recent reports that revenue was running far ahead of expectations. Roosevelt said it seemed likely that Treasury estimates, used in making up budget forecasts in January, would be exceeded by $200,000,000 but some Congressional leaders have been predicting that this figure would be increased to $350,000,000 when Woman Asserts Chain Stores Are Boon to Consumer Health Witness Praises Sanitary Packing the likelihood that the Army the returns are complete. Washington, April 22 UP) Chain grocery stores were credited by witnesses today before a Congressional committee with initiating refrigeration and sanitary packing, handling and displaying of goods at retail outlets. For the first time since a House Ways and Means Suseommittee began consideration three weeks ago of the Patman bill to levy special taxes on chains, women appeared as witnesses. One of them, Mrs. Gustav Ketterer, chair- sumers Advisory Council, told the committee: "The consumers realize the contributions and benefits of chain stores to public welfare, knowing that these stores pioneered in refrigeration and sanitation for the protection of public health, and to preserve health qualities of food. "Chain stores also lpaugurated the 'one-price' system of plainly marked goods. They were responsible for developing and encouraging prepacked grocery merchandise insuring cleanliness, uniform quality and quantity, which means a great deal to the housewife." Similar views were expressed by Dr. Caroline I. Ware, repre man of the Philadelphia Con- senting the American Association of University Women, who de clared that well-lighted, well- arranged chain store units were displacing untidy, badly organized independent establishments. She cited examples to show that independent merchants could survive chain competition by meeting the same high standards of sanitation and efficiency. Commenting on charges of proponents of the Patman bill that it was needed to cope with monopolistic practices, Dr. Ware declared: "If the supporters of this measure wish to attack monopoly in the retail field, let them attack the real monopolies the company store in mill village and mining town, the commissary on plantation and ranch, the general store at the country cross roads.' THE WALDORF ASTORIA PARK AVENUE 49TH TO 50TH NEW YORK She may SAY. . . But what does she THINK? A cup of sugar a couple of eggs. When such thing3 are borrowed they can be returned, and any good neighbor is glad to them. But, when you haven't a telephone of your own, asking to use a neighbor's telephone is another matter. It is asking a favor that can't be returned in kind, and it is apt to be considered an imposition. Avoid the embarrassment of using someone else's telephone. Spare yourself and your oeighbors inconvenience and possible annoyance. Get a telephone of your own. It will cost only a few pennies a day, but it will give you world of pleasure and comfort. M. A. Erskine. District Manager SouTHERn Bell Telephoiie flflD TELEGRAPH COdlPRny INCORPORATED I A? y" t - ffi " l 5 :, if iy';:'Ai,:$ : ' : Oh) y LOCAL DELIVERED PRICES 194U vEHEKAb nUTUlis vAKS it Sfm&frfoisal?1, vinv nnfftxis t a m A f Mftvnnc rise ,,rrr- rM-mW laUbAll MtMtEti EaMMW rniVHO i-m W1X a vw,vsm I tm II P ; PRICE OF CAR j ; ill TRANSPORTATION rVX k ' A CASH DELIVERED f 0! I 0 v I SfiD DELIVERED PRICE jlj! STATE AND LOCAL IAXES (IF ANY) EXTRA " "to MAYBE you've been buying automobiles for a long time. Maybe you figure that the way to get the best "deal" is to play one dealer against another until you get the highest trade-in figure for your old car. But do you figure out the actual money difference between the old-car allowance and the new-car delivered price? Do you take steps to make sure something has not been slipped into the delivered price to take care of the extra allowance you get for your old car? That is called "packing" and your only real protection against it is to get a full and clear itemized statement of all details in the price. You get these details from the "plainview" price chart and price tag we General Motors dealers use. You sec the price of the car itself the charge for transportation, based on rail rates our charge for any optional equipment or accessories you may elect to buy. The whole deal is out in the open, as it should be, and you can see exactly what you pay for what you get. How about dropping in and talking this over? This i the standard price l& used by General Motors dealers to show what makes up the prices of new cars delivered to customers. "priob OF car" means the price we charge for the car itself, including reimbursement for Federal Tax and conditioning "TRANSPORTATION charge" means charge for transportation from factory to you, based on rail rates "optional equipment and accessories , means the charge for any extra equipment or accessories you elect to buy. LOUISVILLE BROADWAY CHEVROLET CO. 1213 W. Broadway COOKE CHEVROLET CO. 962 S. Third St. COOKE PONTIAC CO. 8 49 S. Third St. FALLS CITY PONTIAC CO., INC. 431 Eat Broadway HIGHLAND CHEVROLET CO. 2228 BardMown Road GEN BEFORE YOU BUY, BE SURE THE FINANCE CHARGES SATISFY YOU g LOUISVILLE Cont. LEYMAN MOTOR CO., INC. (Dulck) Broadway at Jackson MONTGOMERY AUTO CO. fCierroffO Second and Liberty Sts. STANDARD AUTO CO. (Oldsmobile, Cadillac-La Salle) 728-30 S. Fourth St. TRI-C1TY OLDSMOBILE CO., INC. 927 E. Broadway UNIVERSAL CAR CO. (Chevrolet) Twenty-fifth St. and Broadway LOUISVILLE: Com. WHIPPLE MOTOR CO. (Chevrolet) Dixie Highway and Bernheim Lane JEFFERSONVILLE BOLLY & CURTIS MOTOR CO. Tenth and Spring Sts. (Pontiae) CLAPP MOTOR SALES (Oldtmohile) 803 Spring St. WILLCOX MOTOR CO. 140-18 Spring St. (Chevrolet, Ruick) NEW ALBANY ( Chevrolet) NEW ALBANY MOTOR CO. 411 E. Spring St. SHINE SERVICE CO. (Buick) 216-20 E. Market St. TRINKI.E MOTORS (OldtmobUe) 1419 E. Market St. WOODS AUTO CO. (Pontiae) 413 Vincennes St. ST. MATTHEWS ELINE CHEVROLET CO. 3908 Frankfort Ae. E R A L MOTORS D E A L E R S

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