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PACT TWO Baruch Defends Costs of Defense U.S. Finoncicr, Back ' From Britain, Sees Need for Program NSW YORK, July 27. wv-Ber- nard Baruch said on arriving from Europe yesterday that the Marshall Plan his been effective "but not as effective as it should have been," The white-haired financier also sal dhe believed Britain was spend- in* too much lime on nationalization and "not devoting sufficient erjergy to developing their country. and Its production." ^Interviewed aboard the liner Queen Mar.v as it steamed to its pier, Baruch was asked. "Do you think the European countries would help themselves more it we help them less?" "There's a heap of sense in that," he answered. Asked his opinion of U. S. business conditions, the financier said "I do not agree with those people who claim we have a slump here in America and that we are looking more toward the left than, to the ri?hl. No nation ever adopted Communism voluntarily. "If we happen to lose a little money, and we've suffered before, w.e'll tighten our belts and go ahead M we have done." ;He commented that this country i^ spending billions "girding itself for defense." In reply to a question as to whether this is necessary, he S3 id: ."Unfortunately, yes." ; Baruch said he had read of the controversy between Francis Cardinal Spellman and Mrs. Franklin D Roosevelt over federal aid to education. ' He termed it "very unfortunate " describing the cardinal as "a flue «nd religious man" and Mrs. Roosevelt as "free from any intolerance —race, color or creed." Baruch spent a month abroad on a vacation, mostly in England. He visited Winston Churchill, who was the financier's guest here earliei- this year. Baruch said Churchill was in. excellent health. Asked about reports he has a foot •Ilment. he quipped smilingly: • A person who puts his foot in It hurt'"'" "' ' d ° '" bo " nd tc get r.,.?'^*' 1 !' rho " v « - - 'hat he had not cut his trip short because of any foot trouble but because "I wanted to come home." (ARK.) COURIER NEWS U. S. Steel Corp. Income Drops in Post 3 Months NEW YORK, July 27—</P,-Net income of (he United States Steel Corp. declined to $44,123,595 In the second quarter tills year, the corporation reported yesterday. Thl« compared with $49,928.670 'for the lirst three months of 1349. Directors of "H|R Steel." meeting after the New York stock exchange closed, ordered a dividend of 60 cents a share on Ihc corporation's common Mock, it «>as made payable Sept. [Q (o shareholders of record Aue. 5. Church Ills i membership of more dividend of 51.50 was declared three months aRo. Since that, time each holder has received two additional shares for each share held, to effect a three-for-onc split of the -stock. U.S. Stpel's second-quarter net Income is eo.ua] to $1.45 a share on the more than 26.000.000 common shares now oijtManding. On the same basis, the net for the preceding three months was equal to $1.67 a share. fn the second quarter of 194( income of $25.1585.677 or 73 cents a share on the increased number ol common shares was reported. WEDNESDAY, ,TULT 2T, 1941 PROPOSED BUDGET OF EXPENDITURES AXD TIT J-EVr FOR SCHOOL YKAR BEGINNING JULY 1. 1950 TO AND INCLUDING JUNE 30, 1M1 The. Board of Directors of Brinlc- ley School District No. 52 o! Mississippi County, in compliance with the requirements of Arfmcndment W to the Constitution of the State or Arksnsas, have prepared and nereoy make public a proposed budget of expenditure.* together with the tax levy as follows: General Control $10000 Instruction '.'."ll.cm.m Operation of Plant. , 140000 Maintenance of School Plant 5CO.OO Auxlliaiy Services '. 3303 00 Capital Outlay 2fi25.OT Debt Service 625 00 Fixed Charges ] 37500 Tola ' 20.925.00 ! This estimate includes the retirement of an indebtedness which would Incurr by the building of a new building or extensive repairs' on the present building. To meet the. requirements of the.se school needs a tax levy of 30 mills will be necessary. Therefore, the Board of Directors are submitting Hie.se. proposals to the patroas of the district at |he annual school election which will be held September 27, Escapee Who Gave Up Returned to Prison LITTLE ROCK. Ark.. July 21. r —An escaped convict who dpcidec to sive himself up here was to be returned to the Virginia Stale Penitentiary yesterday. A. W. Harris of (lir Virginia penitentiary staff arrived here to take custody of John P. Olanlck 21 Olantck called police headquarters here yesterday, telling officers he was a fugitive and wanted t BO back to prlton. Little Rock Detective Chief c o Pink said Olantck dad served about a year of a ten-year robbery sentence when he escaped Jan. 9. 194» Read Courier News Want Ads. 1949. Given (his the 26th day of Julj Board ol Directors. 1*. A. Born-land, President, Manncring Towtes. Secretary 7;27-B;3-10 GRIFFIN LIQUID WMt SELF-POLISHING Shmei and re-colors lh. leather trim without bruitiing or rubbin*. 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Wirh Ml 10 quarri of moiil-cold stoioy.in Iht Criiptr. look ol oil rh. paekog.dfroi.* Nods, ice <rBam ond jr. cubot Roomy J5 It. Froi.n F.od Cb.ir. Thr.e loit^.l.ai. Ec»- trnyi. Loobalolhh. lpoc.rh.tlli !*, your •v^ycfav lood r.^uif*. m.nf». Evtrythlng Hndi • p!«<. In lhi> "IHG 7".