The Courier News from Blytheville, Arkansas on August 29, 1949 · Page 1
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The Courier News from Blytheville, Arkansas · Page 1

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Monday, August 29, 1949
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BLYTHEVILLE COURIER NEWS VOL. XLV—NO. 134 BlylhevUJ* Dally New* Blytheville Courier Blythevlllc Herald Mississippi Valley THE DOMINANT NEWSPAPER OF NORTHEAST ARKANSAS AND SOUTHEAST MIS8OOTU BLYTHEVILLE, ARKANSAS, MONDAY, AUGUST 29, 1949 EIGHT PAGES BAND MAJORETTES BEGIN BRILL TRAINING—Football fans all over Arkansas will see a lot of the six high-stepping majorettes, pictured above, "-eceding the High School Band. Their twh ',;..,,. and dancing routines will be one of the attractions of the Bl>.ii«ville High School Band, which started drilling today in preparation for its appearance in Little Rock September 10 when the Philadelphia Eagles and Lost Angeles Rams, both proles- sional teams, meet at the War Memorial stadium. Miss Louise Sullivan, center right, was appointed head majorette by band director Robert Lipscomb today and Doris Stone, center left, was appointed alternate head director. Others pictured are: (left to right.) Sophia Ajm Briglu, a —Courier News Photo sophomore; Doris Bean, a sophomore; Miss Stone ,a junior, Miss Sullivan, a senior; Jean Shelton a sophomore; and Senior Virginia Faye Easley. Miss Bean and Miss Shelton are newcomers to the majorette corps, but the others are veteran twlrlers and prancers. Mr. Lipscomb said that the school this year would return to the policy of using an all-girl ensemble to lead the band, and that Miss Stone as alternate head leader would be in line for the head leader spot next year. The policy is based on ability, seniority and service to the band. Last year the band was led by a drum major and five ettes. major- Hunt's Picture Gallery Opened for Inspection Reporters View Photos Discussed In Percent Probe WASHINGTON. Aug. 2 The picture gallery in James V. Hunt's office was thrown open to inspection by reporters today, it includes pictures of President Truman, 31 Senators, or fprmer Senators.^ »jfl' 30-oda-'Hovs« menibAu 1 , At' different times' during ihe Senate "five-per center" henriiiqs, autographed pictures on Hunt's walls have toen mentioned. The implication has been that lie used them to impress potential clients. Roger Q, White, Hunt's lawyer, invited newsmen to look tha^pic- tures over. He said, "there is n? secret about any of these. We didn't steal any ot them. We didn't get any o! them at the point of a sun." Hunt is the manufacturers' coun- Navy Probes Own Ranks in B-36 Squabble WASHINGTON. Aug. 29. (AP) _ Tlie Navy set out today to learn if NavHi 1 higher-ups had any hand in the now-exploded charges of fraud and politics in the Air Fbrce's B-3« bomber procurement program. A court of Inquiry was called at the order of Secretary of the Navy Matthews to follow up disclosures Armed sel. now ill _____ _ friendship with some "Washington pfficials has been a prime topic of hearings before a Senate investigating subcommittee. Reporters found 104 pictures in Hunt's private office. There were others in adjoining rooms. The picture of President Truman was on a table. It bears the handwritten inscription, "Best wishes to unearthed by the House Services Committee. The court's immediate attention was directed ; toward a document admittedly written by Cedric R. Wortti, since.fsuspended as special Assistant to the secretary of the ... ______ ., „,„.,hospital, whose I avy - Thls document .touched off James V. Hunt. Harry Lt, Col. Truman." Believed Gift from Vaughan White said Hunt is 09 per cent certain he was given this picture, while he was still a colonel in the Army, by Maj. Gen. Harry H. Vaughan, Mr. Truman's military aide. There is a picture of Vnuqhan the House investigation. At its initial .session today the Navy court 01 inquiry: 1. Asked the secretaries of the Navy and Air Force to say just what confidential data, if any, was included in the document. 2. Designated Worth "an Interested party" to the proceedings. A Navy source explained this means that Worth will have the right to be represented by counsel .to cross- examine witnesses and have witnesses heard in his behalf. 3. Heard Quay H. Findley of the House committee staff identify a copy of the document, which Wortii has acknowledged writing, as that inscribed: "To my good frietid"col.' Drou £ nt ln '° the House inquiry. James V. Hunt will all good wishes. H. H. Vaughan." In the reception room is a snapshot of Hunt with President Truman, Gen H. H. (Hap) Arnold, and jMajor George Howard, director of ^fihe Air Force Band (now a lieutenant colonel). White said this was taken at a White House concert in which a selection written by Hunt was played, entitled. "Niece of Uncle Snm." Another snap-shot .showed Colonel and Mrs. Hunt with Vaughan. White said this was taken at another White House concert at which two of Hunt's songs were played, "My Missouri" and "United Nations prayer." Pictures of two members of the Senate subcommittee are on Hunt's wall. These pictures arc of Senators Margaret Chase Smith (R-Mainc) and Joseph R. McCarthy (R-wis). The photo of Mrs. Smith is inscribed "To Colonel James V. Hunt with the good wishes of Margaret Chase Smith, 2nd Maine." The "2nd Maine" indicates the Picture was made when Mrs. Smith was a member of the House from that Congressional district. She was elected to the Senate last fall. Mrs. Smith said during the committee's htanng last week that she was curious as to how Hunt got »hcr picture. Keicer Child Treated In Little Rock for Polio The 145th poliomyelitis case for Mississippi County was reported yesterday at Kclser. The new case was that of Shirley Ann Grubbs, aged six months, daughter of Mr. and Mrs. James Grubb. She was admitted to the isolation ward of the Bapllst Hospital in Little Rock yesterday Only one case was reported til last week,' and although the epidemic stages seem to be passed, hralth authorities warned that there probably would be through September. 4. Adjourned its inquiry, probably until Sept. 6. McMath 'Hiding Out' LITTLE ROCK, Aug. 23— «V— Governor McMath is "hiding out" for a few da.vs. his executive secretary Henry Woods said today. Woods said McMath needed a rest and planned to work on a speech he will deliver at the national convention of the American Veterans of World War II (AM VETS> In Des Monies, Iowa, next Saturday. Vets Begin Filing Applications For Dividends on Gl Insurance WASHINGTON. Aug. 29. W-This is dividend application day for 16,000,000 veterans of World War II. Postoffices and veterans offices throughout the nation start hand- uig out dividend application forms to the exGI's today. Actual dividend payments will* ' not start until next January, The forms will signify the veteran's desire to share In the $2 800 000.000 dividend to be paid next year on about 20.000.000 National Service Life Insurance policies. The policies are those taken out between- Oct. 8, 1940, > and Jan. 1, 1948, and which were effective\tor, three months or longer. Beneficiaries of veteran-policyholders who have died also will receive dividend checks next year.! but they should not apply. Their payments are being handled under a different system. VA Cautions Against Errors The VA cautioned veterans against repeating some of the errors and omissions made by early applicants for the dividend payments. The most common error. VA said, is failure to include .service serial numbers, required under item four of the application form. Here the form provides three spaces labeled, respectively, "enlisted", "officer", and "other". These labels refer to the class of serial number assigned the veteran while .serving as an enlisted man, an officer, or in some other status. Many of the first applicants, start rolling in until after Jan. 1. Applications for the ex-servicemen are available at post offices veterans sen-ice bureaus, patriotic organizational headquarters. VA offices and American Red Cross offices. however, put their date of enlistment in the first box. and their grade or rank in one of Ihe other two. VA said such information is not required for dividend purposes, but the serial ivinber Is absolutely essential. Some veterans, it arirtcd. are fail- 15'ears. Tip Leads Officer To 50-Gallon Still Near State Line A 50-gallon whiskey still and two aD-galloii masli barrels were found and destroyed in a wopded area between Gosnell and the Arkansas- Missouri state line Friday, Constable Arch Litulscy said today. Constable Lindsey said that he located the still on a tip from an unidentified person Friday afternoon It was located in a dense wooded area west of the new State .Line Ditch levee. No arrests were made he said. The still, which was not in operation at the time of the raid, consisted of a 50-gallon cooker and two 50-gallon oil drums which were used for ma.sli barrels. Constable Lindsey said that so far he has been unable to ascertain who operated the illegal still: Constable Lindsey. a veteran officer pf the prohibition days, said that it was the first still destroyed by him in this county In three ing to sign their applications. Unsigned applications are not acceptable. Arkansans Apply In Blytheville and over Arkansas, veterans of World War II Joined their buddies throughout the nation today in signing for a refund on their National Service Life In- surane. James A. Winn, Veterans Administration manager for Arkansas, estimated approximately 118,000 ex- GI's In the state will make application for the refund. They'll receive about $25.000,000. Winn said. The money will not Polio Rate Drop Seen As Toll Passes 19,500 B.v Ihe Associated Pr«s The nations 1949 polio cases numbered more than 19,500 today, but the rate of new infections appeared to be slackening. Approximately 3.900 new cases*from August 18 to 27 reflected more than a 20 per cent reduction from the previous nine-day period when 5.000 were reported. However, this was still well above the 3.000 cases reported during the first nine- day period of August, The latest Associated Press survey showed actual declines In new- cases reported during the past week in six stales—Alabama. Arkansas, Illinois. Kansas. Maine and North Dakota. Illinois, with 1.502 cases and 111 deaths this year. I.s the third state In numerical incidence. Arkansas, too. has been hard hit. with 707 cases and 35 deaths. Further encouragement came from health officials of nine other states—Including the two with heaviest 1949 cases totals—that there were indications of leveling off in new report' of t*ie disease York. Oklahoma, Tennessee, Texas and Washington. New York, with 2,429 cases and 141 deaths, topped the list of slates. But In New York City, were 1,433 of the state's patients and 114 of the dead were reported, the Health Department declared the epidemic is now In a fluctuating period before an Imminent decline. The State Health Department said New York's peak Is expected in September. In Texas, which has 1.522 ca'cs, there have been minor drops in new reports during the last two weeks, stole Health Otllcer George Cox said he hoped this indicates leveling off. Michigan's helth department said the case load there appeared to be leveling off although there was cases. These, states were Indiana. Mass-, the no marked fn nrv — ~s: laehuKlU. Michigan," Nevad.; New r""see'Wio RATE' « Pa* »''"'" Fire, Discovered At 3a.m., damages Store on Carolyn An early morning bl.we believed caused by electrical wiring, resulted in heavy damage to the Hison O'Neal Grocery at the intersection of Harrison and Carolyn Streets at 3 am. today. The fire broke out In the attic of the store aud • ytted a rear room. The front pu.tton of the store which housed the majority of the stock was saved from the blaze by firemen but suffered water and smoke damage. Fire Chief Roy Head said that the fire was discovered by Mr O'Neal who was sleeping in his home which i s located next door to his store. Saturday afternoon a 1938 model Ford owned by Willie James Jiles. Negro, was heavily damaged by fire' on Walker park road. Tne fire Is believed to have started from a short circuit in the wiring of the car's motor. Senators Reject Move to Force Greater Economy Vice President Rules Two-Thirds Vote Needed to Get Action WASHINGTON, Aug. 2». (*) — Administration forces beat today an effort in the Senate to direct :hat President Truman save 5 to 10 per cent of the billions of dollars Congress has appropriated to run the government. TheJSenate voted 48 to 28 to suspend It rules and adopt a "rider" 0 the armed services appropriation Jill to orde >. Truman to make .he savings. That was short of the two-thirds votes required. Vice President Barkley ruled that a two-thirds vote was necessary although the Senate parliamentarian had held that the issue could be settled .- a simple majority vote. Tlie Senate upheld Hartley's ruling by a 41 to 36 vote. The voting capped a spirited— at times angry—debate. Democratic Leader Lucas of Illinois, fighting the proposal, shouted that it was "politically unfair" to ask the President to do things that Congress lacked courage to do. LUCLW argued, too, that it was unconstitutional—that It gave the President authority to reverse the decisions of congress. The reconomy directive to the President was backed by a coalition of Republicans and Democrats, Including many Southern memlwrs or the President's own party Senator McClellan ID-Ark) led the fight for it. The "rider" would have meant telling Mr. Truman to save $2000000,000 to $4,000,000,000. Senate Fai.i« Measure Once the battle over the rider was ended, the Senate quickly passed the 514,800.000,000 bill. The bill now goes to the House which must pass on changes the Senate made In the 115,900,000 000 bill passed by the House. The Senate's rules forbid such "riders" and, ordinarily, they can be put to only by a two-thids vote suspending the rules. But the parliamentarian's vlet, was that the agreement to vote ruled out a challange to the rider as contrary to the rules. .•• Lucas has-lashed out at the economy rider as "an act of political cowardice" and a "proposal for meat-axe economy that Is utterly unconstitutional." He said Congress should vole directly on further reductions instead of passing the buck to the White House. But McClellan said: ''If this is political cowardice then the Senate already has committed about a haft billion dollars worth or that kind of cowardice 1 refer to the broad grant of authority to a cabinet member to save money.™ In previous action on the military money bill, the Senate directed Secretary of Defense Johnson—with his okay—to chop »434,OQO.OOO from the funds allowed the Army Navy and Air Force for this year. Weather Arkansas forecast: Generally fair this afternoon, tonight and Tuesday. Not much change In temperature. Missouri forecast: partly cloudy this afternoon and tonight wilh scattered light showers west and north portions tonight and In southeast portion Tuesday. Beginning /air west and north portions Tuesday. A little cooler late tonight northwest portion. Cooler Tuesday. Minimum this morning—69. Maximum yesterday—86. Minimum Sun. morning—70. Maximum Saturday—95. Sunset today—«:31. Sunrise tomorrow—5:31. Precipitation 48 hours to 7 a.m. today—none. Total since Jan. 1- 38,58. Mean temperature (midway between high and low)—82.5. Thlj Date Last Ytar Maximum this morning—12. Maximum yesterday—98. Precipitation Jan. 1 to this date —32.25. SINGLE COPIES FIVE CENTS President Pledges Full U.S. Cooperation to Britain in Fight for Lasting Prosperity British Cabinet Okays C ° mrn ° n ' ntwest ' Economic Crisis Plan LONDON, Aug. 29. (fl'j—Prime Minister Attlce's labor cabinet approved today a 15,000-word plan for dealing with Britain's economic crisis. Sir Stafford Cripps, chancellor of the exchequer, and Foreign Secretary Ernest Bevin will take the plan to Washington this week lor talks with U.S. and Canadian leaders on the dollar problem. Just what specific steps Britain will pro|x>se for Joint action In bolstering her sagging economy remained secret. It was not disclosed whether the cabinet made any substantial changes In the plan as drafted hy Treasury, Board of Trade ami Foreign Office experts. The ministers met for four hours and 10 minutes, with a break for of the cabinet meeting a slump in government lunch News brought bond prices on the London stock exchange after a week of gains. Brokers attributed the decline to renewed talk that the value of the pound sterling niny be cut as one of the dollar crisis remedies. Meanwhile lhr> Financial Times estimated today that the gold and dollar working capital of .Britain nud the rest of the sterling nations has dwindled by around S400.000.000 since the end of June. That would leave about $1,200,000,000. In the spring of 1048, the Treasury said $2,0^0,000,000 was the rock bottom safe minimum. The reserves at the end of 1946 totaled $2.056,000,000. They have gone down steadily since'. There have been suggestions Seen in Achieving Balance of Trade Hy Ernest fl. Vaccaro PHILADELPHIA, Aug. 29. (AP) — President Truman pledged full American cooperation to crisis-ridden Britain today as part of a great effort by the world's free nations to achieve lasting prosperity and peace. In a sober summary of the International economic situation Mr Truman declared that a world trade "seriously out of balance" has posed problems "which affect all of us and in the .50111 tlon of which wo all hiive a common interest." He promised this country's "friendliness and helpfulness" | n toping Britain on its feet In a jvT;ld suffering from "the terrible abroad that one way for Brltalr' ' :t-T-effects of the war" and from to slop Ihe drain would be lo cut Hussla's" hostility to Eiiroircan re- Ilie price of her goods by revaluing the pound. In theory, that should step up exports. The pound is now pegged officially at $4.03. Memorial Association's Drive For Funds Hears $6,000 Goal Additional contributions to the Mississippi County Memorial Fund, which will finance the monument to be dedicated in October honoring Mississippi County war heroes, have brought the total to within {331.47 of the $8.000 goal. Curtis J. Little, president of the memorial association, sponsoring the collection of funds and erection of the marker, said that It was hoped that those who had not contributed would c so soon so that financial obligations could he met at the earliest possible dale. Mr. Little said that recent collections, Amounting • to $210 had brought the total to $5,668.53. The individual donations Included! Charles Lannston, »85; B. H. Levy, S25; O. L. White and son, Mrs. B. A. O'Neal, and H. H. O'Neal, $10 each; Cnrlton Perce, $6; Fred Bean, Gerald Johnson, Rcecc More, R. II. Melmoutli, Ed Wlldy. Etowah Gin Company, Virgil Greene. J. T. Walker. Mrs. Seward Hosp and Mr. Little. $5 each; B. W. Walker and Noah Glrdley, $2 each; and W. R. Delby, C. H. Cook, a. R. Morgan, Ernest Martin, Grover Jackson. E. B. Mlms, R. O. Bclfortl, J. D. Morgan, James names, and H. C. Woodruff, $1 tacii The contribution marie by Mr. Walker was In memory of his son, Lt. James A. Walker; that of Mrs. Hosp In memory of her son, E'fc Albert J. Nelson; Mrs. O'Neal In memory of her son, Pfc. Oewey A. O'Neal, and Mr. O'Neal in memory of his son. S-3'c Harvy L. O'Neal; and Mrs. Levy's donation was In memory of his son, Ensign Ben Levy. The granite stone that will have the names of the war dead Inscribed upon It has not yet been received here, but since It was lo have been shlpp-d about the middle of August It Is expected soon. After It arrives work on the cutting of names will begin immediately. The list Includes 159 names and it is estimated that 10 names can be cut each day. Soybean Prices Show \ Fluctuation in Chicago CHICAGO, August 29. <AF> — Major grains held to an even course today while soybeans went through a series of up-and-down gyrations. A reported advance in the government buying price for cash wheat and expectations of sales of flour to the production and marketing administration provided support for the bread cerpal. Reports of large-scale bulldlnz of bins on farms to store corn aided that grain. Communism Top Issue at Legion Meet PiVILADELPHIA, Aug. 28 The American Legion opened its 31sl annual convention today with the fight agnlnst Communban-^-ln China, particularly—shaping up as the No. 1 Issue. What to do about Communism and where and when to do It arc questions that several Legion committees have been wrestling with In pre- convcntlon sessions—mostly behind dosed door.s. The four-day meeting is one of tho biggest In Legion history. The 6,500 delegates and alternates represent more than 3,000,000 Legionnaires In some 11,000 posls. They'll discuss the pros and cons of some 1,000 resolutions. Communism has been a main Issue at the past three Legion conventions. And It won't take a back scat at this important veterans gathering. The issue reportedly has touched off heated arguments before the foreign relations and security (armed forces) commissions. A hot floor fight looms over U.S.- China relations—and what the future American policy on that embattled Asiatic country should be. The legion's national executive committee adopted a resolution yesterday urging continued aid lo anli- Communlsl forces in China. The resolution said the U.S. should "not abandon the Far Ea:->t to lil'j Communists." It recommended, too, that the U.S. "lend Its aid" In formation of a regional pact of Far Eastern countries—a Pacific, counterpart of the North Atlantic Treaty. Two Escapees Caught CUMMINS STATE PRISON FARM. Ark., Aug. 29—(/TV—Two Negro convicts who escaped last Thursday arc back at this prison farm today. Robert Cobb, a trusty, and Willie Bell were recaptured In Lincoln County Saturday. The two hart rkttlcn away from the farm on Cobb's horse. covery. And he held out an offer of "mutual concession and cooperation" to the British cabinet official? who arrive In Washington next week for negotiations on their country's financial crisis. "We are not looking for trick solutions to deep-seated problem.'; " he added. IHsamwi Criticism of BrIUIn The President sharply disavowed criticism in this country of Britain's Socialist government. "Wo recognize," he declared, "that each nation has Ha own political problems and that It uses different political labels and different slogans from those we use at home. As for this country's International economc policy, Mr. : Truman commented that there Is considerable "misunderstanding and misinformation." some of it due to ihe complexity of the problems Involved. But, he added acidly: 'Some of this Is deliberately stirred up by certain newspapeiii and politicians for political rearau.? '3t-- The President spoke before the national convention of the American Legion, which earlier had presented him a medal for "outstanding service lo the nation." The keynote of Im address was that 'world prosperity Is necessary to world peace." Because of that, he said, and because "world prosperity is necessary to our own prosperity In the United States," American leaders resolved before the end of World War II that "the international chaos which had led to war should not occur again." Old I'ullcy Unavoidable "We knew the permanent peace could not exist if the nations of the world resumed the policy of dog- eat-dog. "Shortly after the war ended." he said, "It became apparent that the economic life of the world was more badly disrupted than anyone had expected. 'Still further difficulties were created when It became clear that Ihe .Soviet Union would not Join in working for world economic recovery. "The Soviet Union was hostile to European economic cooperation. It refused to join in the European Recovery Program and it prevented its satellites from Joining. Its aggressive foreign policy created alarms and fears that hampered recovery. However, said Mr. Truman, the people of the free nations refused to be discouraged because "they know tflat the democratic way Is the way of hope." "The free nations have overcome the danger of immediate postwar collapse," the President said, "but we have not yet achieved the sound and expanding world economy that is necessary for lasting prosperity and peace. Free Nations Ilavr Means "Tli's larger ta.sk i.s the one that Sro WORLD TRADE on Fagp 10 27 New York Stocks Closing Quotations- A T & T Amer Tobacco Anaconda Copper .. Beth Steel Chrysler Gen Electric Gen Motors Montgomery Ward .. N Y Central Hit Harvester Nr.tional Distillers .. Rfpublic Steel ...... Radio Socony Vacuum .... SUidebaker Standard o[ N J .... Texas Corp J C Penr"y Bank Survey Reflects Security for Farmers ArKansos Operator*' Debt* Show No Alarming Increases During Past Year, County's Key Banker Reports While Arkansas farmers have spent millions of dollars for improvements, soil conservation and the purchase of new equipment since the end of World War II, farm debts have made no significant Increase, according to B. A. Lynch, president of the farmers 143 7-8 'Bank <t Trust Company of Blythe- 70 3-4 I vllle. who represents the Arkansas flankers Association as key banker 26 1-4 lor Mississippi County. 51 1-8 "And during 1 Ihe same period," 37 : Mr. Lynch continued, "the farmers' 60 3-8 holdings in cash, bank deposits 52 1-2 and United States savings bonds 10 1-8 have climbed to record levels. 26 1-4' "Arkansas farm families are go- 19 7-8 Ing through these final months of 19 3-8 adjustment from a war to a peace- 11 1-4 time economy with very little dls- 15 3-4 ' turbance. They are maintaining a 21 7-8 67 1-8 58 1-8 sound financial position; and while they are using more credit for Improvements and new equipment. 49 7-8 their obligations are being paid " "•->«••• ••• 22 1-8 off In relatively short time and Southern Pacific 375-«itlMy are ,ddln« to their already financial reserves." Data Baaed on Annual Survey Reporting on the results of an eighth national survey of bank lending made by the Agricultural Commission of the American Bankers Association, Mr. Lynch said that the "total farn debt held by the banks of the stale at the beginning of this year amounted to about $35.000,000, compared with about $28.000,000 on January 1, 1948. "In addition to this amout v there are $42,987,000 in Commodity Credit Corporation loans held by the banks cooperating with the government's farm price support program." In 1948. the iF.st full year of operation, the 219 Arkansas b.inks serving agricultural communities loaned 484,473,000 to 73,403 farmers. This represents a total of 3S3 per cent of the farmers In the state. Of the total amount. 88,316 farmers borrowed from the banks to loans, on];.- $25.788,000 remained i of agricultme and that one ol the outstanding at the beginning ot [ brightest aspects of the present 1949 - situation Is the fnct that the aver- f>w BorroMnx on Real Kslale "go loan per borrower during 19J8 "Last, year, there were 5,081 farm- (or Production purposes was only ers, representing only 2.6 per ccnti* 1 ' 098 - an<l thn avcra &« loan made of all farmers In the state, who | ° 11 farm real estate was only $1,863. made farm real estate loans In I " Cis h reserves held by Arkansas an aggregate amount of $9,47S,000. f»™"s. which are being conslst- "The prosperity of the fanners entl - v Increased, are estimated to be Is shown by the fact that, of '-""l«ent to retire all farm debt," 000 were outstanding at the beginning of the year. This was a decrease of about $300,000 from the preceding year. The total of all hank-held farm debt on January 1, 1949, was $35,034,000. "The "arm mortgage debt In Arkansas remains only about two- thirtjs of what it was in a comparable period after World War I," Mr. Lynch pointed out. Lean Arerare* »re Low Mr, Lynch stated lhal farm oor- flnance production in an aggre-1 rowings usually are a reliable in«»te wuount.-.! »74,»8,000. Of Uune 1 dk»tor of the •conomle condition fanners are wisely holding the reserves as a safeguard against emergencies and to enable them to buy new equipment and make farm Improvements. The hi? demand for new equipment to replace that worn out during the war years appears to have been satisfied. There Is a statewide trend among farmers to improve livestock and ciops and to practice modern conservation methods and land management. This trend Insures a steady improvement In the condition of agriculture for many ye*r» to the future."

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