The Courier News from Blytheville, Arkansas on April 6, 1950 · Page 2
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The Courier News from Blytheville, Arkansas · Page 2

Blytheville, Arkansas
Issue Date:
Thursday, April 6, 1950
Page 2
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PACT TWO BMTHEVILU! (ARK.) COURIER HEWS THURSDAY, AFRIL «, Goverment Bill to Spend More Millions on Housing Hits Snag »V"Ouier W. '"«' WoM ' . WASHINGTON. April 6. CD—A bill to' channel fresh, bill Ions Into federal ~ Housing activities. bumped Into i possible delay today after Senators" and House members had spent nearly 12 straight hours writing It. , .The House had. laid plans to quit tod»y for an Easter recess until April'18. The- question : was whether enough'members would, remain on hand to act on the bill— which Is a compromise reached last night between; House and Senate measures. It affects a number, of government; home financing programs. House action would send the bill to thj,Senate lor action, expected Bometlrhe next week. Rep. Spence (D-Ky), chairman of the House Banking committee, said-that, although many lawmakers . had left for home he thought enough :,would show in the House to" act cm the measure. Both. Bpence and Senator Maybank (b-SC), chairman of the Senate Banking committee, said they expected congress lo approve the bill. ' More Aid fo Vets 1. More "liberal financing terms for veterans seeking homes. These Included guarantees' of 'veterans Joans up' to $7,500, or 60 per cent o[ the mortgage, as compared with the present $4,000 or 40 per cent. The loans draw 4 per cent Interest. Another provision cuts off the combination ' GI-FHA loan not later than next December 31. 2. Disposal to local housing authorities in 26 states and 'the District of Columbia of approximately 43,000 housing units of the so- called Lanham Act permanent housing projects. The transfer will be .made without cost to the local agencies, provided the Public Housing Administration approves and a need for low cost rental housing can be shown. *• 3. 1300,000.000 for loans'to colleges and universities to provide housing for students and faculty members. The • loans, • extending for 40 •labor camps in seasonal farm states such as California, Arizona,- Texas and Ploilda from the Agriculture Department to the Public Housing Administration. The PHA, in tourn Is to transfer the camps to local housing authorities as quickly as possible, 6. Provision that FHA'insurance loans be made available for slightly higher cost but so called "economy" type houses in the highest cost building areas such as New York and Chicago. Previously the conferees had agreed lo several other major points. These Included: $2,500,000,000 for the PHA to carry on its mortgage insurance programs; $500,000,000 for PHA loans for apartment dwellings to cover applications received up to (last March 1, and $250,000,000 PHA •mortgage program to cover low cost I houses for sale in so-called distant |suburban areas. HEADS INDIAN AFFAIRS- Dlllon S. Myer of Falls Church, Vs., above, has been appointed by President Truman to the job of.taking care of America's Indians. Upon confirmation by tin Senate, Myer will become commissioner of Indian . affairs. ~ years, are expected to be financed at 2.55 per cent. 4. 5250,000,000 for the Federal National Mortgage Association, the principal secondary mortgage market. The agency can use the funds only for the purchase of existing mortgages and make no future commitments. • Profit Prop Dropped A Senate-backed proposal that $25,000,000 of the amount be earmarked for construction loans for prefabricated housing was dropped. Instead, the conferees agreed that $12,500,000 remaining from a $50,000,000 authorization to the Reconstruction Finance Corporation should be used for such loans. 5. Transfer of the agricultural British Labor Wins New Seat in House SHEFFIELD, England, April 6. I/TI —A Labor victory in a by-election In this steel city has Increased the British Labor government's overall majority In the House of Commons to a still precarious four seats. Voters In the Neepsend Division yesterday gave labor candidate Sir Frank Sosklce, • Britain's solicitor general, 22,080 votes. His major opponent, James P. Elunt, running on a combined Conservative-Liberal ticket got only 8,365 and commtin- |lst candidate E. L. Moore got 729. Red Point of View HONG KONG, April 8. (If}— It's all a matter of semantics. One Peiplng editorial which the Chinese Communist News Agency liked well enough to distribute was tilled: "We; are fully mobilized for peace.". Drivers of School Buses End Class Two officials of the State Department of Education, J. L. Eldson and Joe Hudson, today were'com- pleting a three-day Instruction period (or Mississippi CDunty School bus drivers. The Instruction started In Bly- thevllle Tuesday, when discussion classes relative to safety regulations, traffic rules, and laws gov-. erning school bus driving were conducted. Mr. Eldson, director of the division of transportation, and his assistant, Mr. Hudson, conducted the classes, yesterday, Mr. Hudson remained In Blythevllle for driver testing, and Mr. Eidson went on to Osceola to begin the Instruction there. . . A'total of 76 drivers were to complete the Instruction arid take the driver's test. Americans consume about 140, 000,000 pounds of shrimp a year. For Improved KIDNEY FUNCTION In o majority of cam Inverti- gated In wveroJ hojpitalf and clinics, Hjbnormal Kidney function was improved. Bladder pain and dtjcomfort reduced after Hw UM of * Mountain Valley Water. , H your doctor hat diognoMd your condition at functional Kidney impairment Hiii natural, untreated mineral water may be very beneficial. Try it for a few weeki. It i» deliciout, pure-tailing, and nay be conwmed freely. Cross town Whiskey Shop Main & Division HERMANN'S |N BLYTHEVllLE QUITS - SALE NOW ON! JUST IN TIME FOR EASTER! PRICES NEVER , SO LOW BEFORE! Ladies Genuine Gabardine SUITS&TOPPERSl New Spring Styles -- Reg. 19.95 Values All Alterations FREE! fc *e finest hi icfaiafcaBy-ckmgntd. Ihwtt, emartty tailored aieep unite at no mot* than Mroa'd. expect to pay for aa ordinary innerapring mat- ->'<nm or boK apring. The nationally advertised Spring- Air mafaiani unita—famed for •operior "sleep-ability " . pre yim the aovnd, relaxed deep recommended by doctors far health and ritality ... the refreshing eleep ya* need to Wake «p Fresh a* Spring Air, »at- fcaV »eady for the day ahead. It'* no wonder that (-Air • aaed in iaon Oam 1000 hoapitoai aad orer 1000 Sat aoteai . . . Where the Bleep-comfort of patient* and (neat* m pvea expert, pra/Mawf attention, Sprint-Air ratea "TOPS-! Get Utf^faaiite atory." Feel far yoonelf the hmary of "Controlled Comfort.'* Sea the amart colon and fabric*, am floral* and atripea. Chooaa til* vary and type to rat your need* from oar complete tin* of top quality Sprmg-Air ' ' ad Box-Sprint*. SATIN SLIPS White and Tea Rose 32 to 44 Ladies Blouses 72 Only Regj 1.98 MEN'S SUITS Reg. $45 Alteration! Fret $ $4950 HERE'S WHY YOU GET MORE REST WITH SPRING-AIR "CONTROLLED COMFORT CONTOUt COMFOKT Fpft AU •r lu a. _ SUPPORT COMFORT FOR AU PRICES SLASHED on New SPRING • STOCKS! CLOSEOUT OF MEN'S NEW SPRING SLAX Rayons Part Wools 100% Wools Tropicals Checks — Stripes — Shadow Stripes — Solids FURNITURE CO "Trade with Woi/c and Save" ALTERATIONS FREE, Regardless of Price! EXTRA SALES PEOPLE TO SERVE YOU! Blythevllle Arkansas

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