The Courier News from Blytheville, Arkansas on April 19, 1949 · Page 5
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The Courier News from Blytheville, Arkansas · Page 5

Blytheville, Arkansas
Issue Date:
Tuesday, April 19, 1949
Page 5
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' TUESDAY, APRIL 19, 1549 BLVnrEVTLLE 'AHK.} COURIER NEWS THE NATION TODAY Defense Program, Atlantic Pact And ERP Spending May Strain U.S. Ability to Provide Funds j' By Jami'S Marlon WASHINGTON, April 19. (IP)— The $ has become a very Important ? in Congress now and (or us at home and our friends abroad. In spite of all that's been said and written about them so lar this year, Congress still hnsn't finished with three big items: Tlie Marshall Finn, the Atlantic Pact, and our own defense program, The big question with all lluce is: liovv much can we spend on them \vithout getting Into money trouble? Tire cost of the three, the way Wade's Offer For National Bedding Week: President Truman wants them taken care of, would be about $22,000,000,000. When you add that to about $20,000,000,000 for running the government at home, our total bill lor another year would be around $42 billion, So Congress' problem Is: Can all that money be spent without raising taxes or putting the country In the red? To sec what lies ahead, first take *he Marshall plan— Both House and Senate have "authorized" continuing the plan for helping Europe economically another year. Fund Yd To He 1'roviiletl Hbiv much will it cost? Not EO fast. In "authorizing" continuance of the plan, both houses have said that no more than about 55'^ billion can be .spent on it, Will that | rmich be spent? No one ktiows. There's a difference f between "authorizing" nnd "appropriating." In "authorizing" Congress doesn't actually vote to spend any money. "Authorizing" is hardly more than saying something is a good idea. But before money can be spent, Congress has to vote again. This is called "appropriating" money. And it's when Congress gets around to voting appropriations for the Marshall plan that the money to be spent on it may be cut down. . How much? Again, no one ktuws. Two Republican leaders In the Senate, Taft of Ohio and Wherry of Nebraska, wants cuts. Taft has talked of chopping off 10 per cent and Wherry 15 per cent from the Marshall plan. So there'll be quite a to-do about the Marshall plan nil over again, when voting appropriations around, even though the Plans of Negro Nation In U.S. Brought Out in Trial ot Communists NEW YORK, April 19. (IPt— A Negro witness at the Communist conspiracy trial testified yesterday that a 1930 party convention supported In theory the setting up of a Negro nation in the United States. It was to extend from Virginia to the Mississippi delta, William O'Dcll Nowell told Federal Judge Harolrt n. Medina and a jury. The Negro nation was to come into being. Nowell snlrt. ss part of 'a porolettirinn revolution In the United States." The convention was held in New York. Nowelt added. Nowell. a Washington employe of the Federal Immigration and Nat- uralisation Service, testified as prosecution witness that lie was a Communist from 1929 to 1936. The Ffji Islands were voluntarily placed under British sovereignty by their chiefs in 1874. ATHLETES FOOT GERM KILL IT' FOR 35e, IN ONE HOUR, If not plea lad, your monty back. A«k onv cirugci.l [or Ihli STRONG iunsl ctde. TE-OL. M«<1« ivith 90% alcohol It PENILTOATtS. R»di» «nd kill. MORE scrmi ON CONTACT.' TocUy .1 Kirby Bros. Drug Store About Your Eyes Hft en ret ii I with your eyes! Never rub them with dirty lingers. Refresh nnU comlort ordinary local eye troublvt- comes u'lin plcnsnnt cooling LavoptlX Senate Promptly soothes tiredness, burning. took two weks just"voting to "au- soreness. Uchlng, inflammation ami ,,.,,., gramimted eyelids or money back. 30 inonze it. I ycars succ< . SSi Pmiscd by thousands (Jet LavopUK today. More time will be spent In debating the Atlantic pact, plenty of time, in the Senate. Bh* Issue Is How Much Money That pact .simply says this country and 11 Western European countries will stand together if attacked and will help arm one another. Voting for the pact Itself doesn't involve spending any money. Nevertheless, there'll be a lot of debate on the pact. But then comes something else, later. : * That's when Congress has to decide on how much money, if any. ft will vote to carry out one of the main ideas of the pact: that we'll help our allies with arms. Tlie cost to us for doing that might run to $2 billion. That will mean a lot more argument in the senate and it probably won't vote RIIV $2 billion. But paying' the expense of our own armed forces will run to around S15 billion. Can that be cut down? The Senate certainly will want to talk quite a while about that. The mood m Congress is for economy, and talk about It. Even If tbe cuts are small the talk will be big. Read Courier News Want Ads Service — That's Our Motto! We spare no effort In providing an EXTRA everyday prescription service, which means extra convenience to you Feel free to call on us at any time Prompt delivery service Phone 507 WOODS DRUG STORE Charter No. H38S . Reserve District No. 8 Ileporl of condition of the First National Bank in Blytheville In the State of Arkansas, at the close of business on April 11, 1049 published in rc-spunsc to -call made by comptroller of currency, under Section 5211, U. S. Ucviscc! Statutes. A S S E T S Cash, balances with other banks. Including reserve balance, and cash Hems in process of collection 52,221,070.78 United States Government obligations, direct and guaranteed 647.896.29 Obligations of States and political subdivisions 320,968.03 Corporate stocks lincKuling $7,050.00 stock of Federal Reserve bauki 7,950.00 Loans and discounts (including 5995.72 overdrafts)... 2,31-1,926.38 Bank premises owned SGO,53!.93, furniture nnd fixtures $16,466.59 77,000.57 TOTAL ASSETS $5,589,812.95 LIABILITIES D.-m.ind deposits of individuals, pnrttierships, and curpornllons S3.991.429.C8 Time deposits of individuals, partnerships, and corporations 8-19.88o.62 Deposits of United States Government (including postal savings! 20.015.99 Dt'iKisiU of Stales a;id political subdivisions 381.695.32 Deposits of banks l3.4R5At Other deposits 'certified and cashier's checks, etc.)... 26.109.24 TOTAL DEPOSITS $5,282,592.69 TOTAL LIABILITIES S5,2B2,5M •» C A I- 1 T A I, A C COUNTS Capital Slock: Common stock, total par S150.000.00 S 15000000 Son'' 1 '* 115,000.00 Undivided profits 42,220.26 TOTAL CAPITAL ACCOUNTS 307,220.26 TOTAL LIABILITIES and CAPITAL ACCOUNTS $5.589.812.95 M K M O R A N I) A Assets pledged or assigned to secure liabilities and lor otlie.-purposes $ 137,000.00 State of Arkansas. County of Mississippi, ss: I. Jack C. Owen, cashier of the above-named ba'ik, do solemnly swear that the above statement is true to the best of mv knowledge nnd belief. JACK C. OWEN, Cashier. Correct—Attest: E. M. HEGENOLD CHAS. ROSE H. H. HOUCHINS Sworn fo and subscribed before me this 16th day of April, 1949 CSca " Jesse Taylor, Notary Public. DELIVERS THIS GLORIOUS SPRING AIR MATTRESS America's Most Famous Innerspring Mattress $/iaso Not only tills, but we will allow you $10 On your Old Mattress, Regardless of Age or Condition! Offer Good This Week Only rafoxes you from • Perfect rest and relaxation, nml />. resistible comfort, arc yoniR to enjoy every nigtit ... on « genuine Spring. Air mattress and Iiox spring. Scn-n- tific, Spring-Air mnerspiin^ imiis | )ro . vide luxurious "CunlroJInl Comfort" CONTROLLED today . . COMFORT" pr.p ar *s you for tomorrow flflviiuiagtt f>(itom.iif<>. (idjusfment fo evei-y body curve niut lioily movement) lo everyone rcgiinlles* of lltclr weight. DtMuiU cx|iliiinc<f nl n'jilil. Come in fur <!ciiiuns|ration am! llm ",-r-nl insiiln slory" nlioiil Spring-Air m 50-Pound Cotton Mattress 12 95 $7 Down—$1 a Week Helical Tied COIL SPRING 95 9 $1 Down—$J a Week CHENILLE BED SPREAD 5 95 $1 Down—$1 a Week lace Your Order today at Sensational Savings! WADE Furniture Company "Trade with Wade and Save" STORES IN BLYTHEVILLE, ARK., UNION CITY, MARTIN & HUMBOLDT, TENN.

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