The Courier News from Blytheville, Arkansas on October 17, 1949 · Page 3
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The Courier News from Blytheville, Arkansas · Page 3

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Blytheville, Arkansas
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Monday, October 17, 1949
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Page 3
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. OCTOBER IT, 1949 THE NATION TODAY— Business On Sound Foundation And Able to Stand Reverses, U.S. Planning Officials Insist By glfrld Arnc WASHINGTON, Oct. 17. Wj—Just how thick Is the crust ol our comparative prosperity right now? Is there a depression right below the tut/ace? ... The National Planning Association (NPA) says the crust Is prelty thick compared to 1329 and Dial any depression need be no more than • temporary lull. * : ! : NPA is a non-profit, non-political "gcncy here that makes studies of national problems through committees of business men and labor and 'arm leaders. It has Just done a study that compares 1929 and 1949 business soundness of the country. Here are the high spots: In 1929 private debt ($161.9 bil- Jtjnl was nearly twice what the na^?n was earning that year. National income then was $87.4 billion. Now private debt is $172.2 billion, only 85 per cent of the $225 billion we are earning this' year. In 1929 speculation was running riot, and brokers had Loans out lhat totalled ;«.5 billion. Now brokers' loans are less than half a billion. In 1920 bank lonm were 543 billion, half as much as what we earned that year, and those loans represented 78 per cent of the money in circulation. Now bank loans are $47 billion, only a fifth of what we are earning this year and only 28 per cent of the. money in circulation. in 1929 there were 659 bank failures, and many more followed be- Uveen 1930 and 1933. Only five banks have closed in the past five years, and bank depositors are insured by the government for any losses up to $5,000. In 192B the money we had saved, cash and bank deposits, totalled $55 billion, and there were no government savings bonds. Now you and I are holding down bank deposits of $165 billion and hold government savings bonds worth $48 billion. In other words, NPA says, if business fell off now and great numbers of people suddenly lost their Jobs there should be less actual distress and hunger than in 1929 and 1930. Many Jndivlduals Prepared Even if banks nnd brokers felt they had to call In their loans, and people had to pay up', fewer people would be strapped, and there would be more money on hand to keep business running. More people would still have savings to pay the rent and the grocery bill. But NPA thinks government and financial men have learned since 1929 that it is perhaps better to increase th epiiblic's buying power when a depression threatens, than it is to let prices drop in the hunt for new buyers. Government has one weapon to do this, NPA reminds. It lies in the federal reserve system, which Is a little academic for the ordinary Joe, but which can affect his well- being quite quickly. In the face of a continuing slump in business It can tell banks that they can reduce their reserves. Immediately, the banks can use the released "moneV to extend ' again new loans and credit money flows out and into business channels. NPA thinks it would be unnecessary to let a business slump blow Into another full-scale 1929. Oil Industry, Vital to Arkansas, Plans to Observe 'Special Week 4 EL DORADO, Ark., Oct. 1J (AP) —Arkansas, which counts oil and J»> among it,s natural resources, will JBiute the petroleum industry this week. Gov. Sid McMath has proclaimed the period Oct. lfi-22 as Oil Progress Week in Arkansas and is to address the principal observance In the state's oil capital here Tuesday. Arkansas' petroleum story began 61 years ago with the discovery of natural gas. From nothing, the Industry has developed into a top- ranking enterprise which estimates its investment and potential wealth at between *5W>,000,000 and Jl.OOO,- 000.000. It looms large in the state's economy, picture. An industry spokesman estimated that petroleum employs 20,000 persons drawing an annual payroll of «60.000,000. The industry also Is credited with providing roughly 25 per cent of the stale's tax revenue, including the 6 IJ2 cent per gallon gasoline levy. ArKansa.i ranks ninthi among the nation's 26 oil-producing states and eleventh as a producer of natural gas. But it is a leader In conservation and regulatory practices and H.s statutes on this subject serve as a model for many states. Arkansas is the "home" of a major operator, Lion Oil company in lagtorado. It has six refineries and i^P; operating gasoline plants Twenty pipeline companies operate within the state's borders and 5628 miles of pipelines He beneath Arkansas' soil. Included are two major Texas-to-east coast carriers the Big and Little Inch lines. The state's largest refineries are operated here by Lion Oil and Pan- Am Southern Corp., Others arc op- When Your Appearance Counts ... Von ran be sare with Feerliaj Dry Cleaning;. . . where we carefully attend lo cleaning:, pressing, and minor alterations. Prompt service. Don't forget—,ou always save lOtt at Peerless. crated by the Bony Asphalt Co., of Magnolia at Stephens and Waterloo; H. H. Cross Co. of Chicago at Smackover and Macmlllan Petroleum Co. of El Dorado at Norphlet. There are gasoline plants at Mas- nolla, Norphlet, McKamie, Lewis- vine, El Dorado and in Miller county. . . Justice Douglas Spends Birthday in Hospital YAKIMA, Wash., Oct. 17. (/P)— TJ. S. Justice William O. Douglas celebrated his 51st birthday annU versary yesterday- -flat on his back To top it off, his wife was unable to give him a birthday kiss. Sniffles from a cold prevented her coming any nearer than the open door'to his hospital room. Doctors' orders. The Supreme Court jurist has Been bedfast for two weeks with 14 broken ribs and a punctured lung, suffered in a . Cascade Mountain RELIEF AT IAST For Your COUGH Suits 90c Dresses 90c PEERLESS DRY CLEANERS Phone 2433 >„ ?u ARREST — Mrs. Frances Worthlnglon (above), 13, wanted at Lansing, Kan., lor violation of parole from the state industrial farm for women, reads her Bible In jail cell at Berkeley. Calif., after she was picked off a train and jailed as a vagrant. Police Inspector E. '• Parker, who made the arrest said she has been arrested 24 times since 19)0 on charges ranging from shoplifllng, through arson mid grand larceny. Mrs. Worthington told newsmen that she had gotten and spent $500,000 "air through the years. I always did good with it" she said. (A P Wirephoto) horseback accident Oct. 2 ' Though plenscd with his recovery, doctors say Douglas can not be discharged from the hospital for a number of days. The birthday was a happy one for the justice, .however. Close friends dropped in to wish him well and congratulatory telegrams came in from many parts O f the country AMAZING! YH, it'j rally amazing how quietly and p|tv- *itly liquid Capjdint tun htidKhe. You m, CipL-HrK't piiri-i tuning IngrtdiMlf vt iluidy diJiBtiid—a|| f tajy \ 6 ji*f k,; r: ,-,, ff rt jj e /_ ctfu- dirt conlimi four difftfm! Intredimts which war] toflttfcw lo quickly i«e htadiche ud neui*l|i*. Get Liquid Capudiru. Uu M dirtcle4 on IrttL BLYTHEVILLE (AKKQ COURIER NEWS Pitching Horseshoes BV There seem to be only two schools of thought on the subject of juvenile delinquency: 'Hie no-nonsense school which maintains tliat every teen-age toughie ougnt to be put, behind bars until he simmers down to a reasonable facsimile of lord Fauntlcroy, and the easy-does-lt school which operates on the theory that our scrappiest adolescents can be made to straighten up and fly right by the application of a little Psychology, sympathy and soft soap. Well, not being a crJminologist-- or any other kind of ologist—I'm not going to lake sides ill this squabble over iron bars versus candy bars. But as a charier member of the old Hudson Duster gang:, I'd like to report on a new crime-crimping organization called the Bronx Pilot Project which seems to be having pretty good luck in combating juvenile japerles by snbsliluling the Kind word for the kick, and lh c waltz for the warden. ; The Bronx Pilot Project, a neighborhood experiment set up and financed by the New Yorlc City Youth Board, functions on a-non-sectarian, non-political basis and according lo Mayor Bill O'Dwyer it has been so successful that requests are coming in from all over hither "lid yon for details concerning its methods and organiationzal set-up Of the many group activities sponsored by the Project, my favorite is one called the Charm School Soon after the project got under way, its directors saw that they had to teach the girls o/ the slum neighborhoods a lot more than dancing —if they were to compete succcss- lutly for jobs and husbands with the jllies of the stylish neighborhoods "icy needed some concentrated tutoring ip such mailers as make-up Poise and how to dress. So the Onarm School was started to sort of force-feed them the essentials of deportment and to substitute the King's for Kingsbridge English. The school has been a larruping success, and one reason is that the leathers encourage oa'ch cirl to nick out a movie aclress to? a model and to mimic her In manner and mo dc. This,.ol bourse, is d B Ii g ero"s procedure, but the directors justify it on the ground (hat speed Is of tlle essence If these kids arc to land J 0|JS m fellas, and they further as- scrt that so far these hastily assembled Greer Cartons nnd Joan Fon- laines . have done right well for themselves. In fact, the Charm school has been such a success that quite a few boys have enrolled alongside the girls. Including one Terry Blnck who last year was voted as least likely to succeed by a number of prominent police officials. Terry, leader of a group' of apprentice mobsters, had periodically stoned the windows of (lie project's recreation center, and even succeeded In swiping R box of sports equipment. The directors, inslead of hollering copper, decided to send one of their social workers to make friends with the young mnyhcniist and he succeeded, partly by telling the toughle on the recreational facilities of Hie project, but principally by Introducing him to a picture-postcard culle named Helen Brlto, a Charm school srndimte. Helen so goes the story, turned her newly acciuired clitirm on Terry with such success that he not only Joined the project, but enrolled in the Chnrm School where, as part o( the full treatment, it wns suggested he emulate his favorite mo- Nat/on Given Tost* Of Mild Fall Weot/ier CHICAGO. Oct. 17. VT)— There was some rain and cloudy skies over many sections of the country today but there Were no' real 'cool spots. , • • • Skies were cloudy and there were showers in parts of the Ohio Valey. Virginia, the Carolinns and lennessre. There also was considerable cloudiness In Minnesota, the northern plains slates and in the vie hero. A feiv months later so complete was his reformation lhal lie helped decorate the recreation center for the big Hallowe'en shin- «ig, and on the nlghl of the party was a model for all lo behold—Hie Joe DiMiiBEio of the games and contests. Except for one spectacular backslide. When ii «.,„<, to llle np| ,i c ),„,,_ bins contest, Terry won it fnce- dovvn nnd ears-wet, and when handed Hie prize—a big. floppy I eddy bear—he hustled right oH to present it to Helen Brito. On the way, however, one of the S'oung ladles present made a plny- ful Rrnb for the tear. Whereupon Jerry swung W ilh his right and the Junior miss, considerably stunned went sprawling on lhc floor. Tills, of course, wnsn't the gracious behaviour one might expect i row nn honor student at the Chnrm School. But according to the leach- <"rs it really wnsn't Terry's fault— the movie star he had picked as his model \vas Humphrey Bogart (Copyright, 1019, .by Billy llose) (Distributed by The Dell Syndicate Inc.) If* _ . DO THIS- When your child catches cold, relievo distress even while ft ' throat,chest and b»ck at bedtime With *. Your MONTHLY Period ? Do female functional'monthly' ailments make you feel so nervous, strangely restless, so tenso and weak a few days Just before J-our period? Then start tnklne Lydlrt E. Pinklum'B Vegetable Compound to relieve aucli symptoms! It has such a soothing, comforting antlspasmodlc effect on one of woman's inost impor taut organs, working through the sympathetic nervous system. Plnkham'a Compound docs more than relieve monthly nnln. It also relieves pre-perlotl nervous Irritability, tense emotions —or this nature. Regular use BEFORE of this great medicine helps bulla up resistance against such fcninle distress. Truly the woman's /rlcnd! At NOTE i o, ,»,, „., ,,„,„ -T^ l.)illa K. I'lnll..,,.-. TAJII.I.TS Mill, •.Ucd Itun. Now See It in Action at BUN HEATH CO. SENSATIONAL NEW Hotpiint Automatic Tfc. P«rf««ed MM! Prtv«d WosWr WMM« Hove W«t«d F«i IF YOU LIKE THE BEST NU-WA LAUNDRY-CLEANERS Phonr 4474 Kotpoint Has Everything! nm otm pawn • SWIILAWAY WATW ACTWM WOMD-R-OUL WATH SAVEI ACITATOt PtNKVU Top Loading • No Bolting Down • Gleaming White Tub • Sediment Ejector • Overflow Rinse • Adjustable Levelling • Hot & Cold Spray Rinses • Deep Thrifti- vator Rinse • Spin Drying. BUN HEATH CO Phone 828 southwest. Scattered «ho»-er« were ported In the .usually dry areas Callfoi '" la " lli N w The coolest spots in early morn- nV V vV he New En « lall<l ^ates, ew York and ho, Pacific Coast nut there were only a few places rtln B sub-free^ng £ lnp ™f! !N THE PROBATE DIVISION OF [IK CIIANCKKV COURT FOR 'Hi: ClIICKASAWHA DISTRICT «K MIS'SISSIl'l'I COUNTY ' THE MATTER OP. THE ESTATE OF MARTHA ELLEN WILLIAMS, A MINOR MRS. COHRINNE WILLIAMS, GIMHDIAN NOTICK OF SALE OF MINOR'S l.N 1KKKST IN KKM. ESTATE fOK KKINVKSTMENT Notice Is hereby given that the milcrsigned. as guardian of the es- "te oi Martha Ellen Williams, » mliwr, will, between the hou« of t«* ocock in the forenoon an™ U,«« an ,«« o'clock In. the afternoon, on the asS ± Olf< * !tober ' ""•• 'it thTfronS door of the court home In Miafc" slppi County, Arkaruwu, in the rat* of Blythevill, ,off, r for ' iSb^g Me auction to the highest bidder fot cash, all of the right, title and In.- erest of the s.ld Martha Blen Wil. lams, a minor,, in and to the fol. lowing described real estat* to-wltl Lot 3, Block 5 of the Marsh Ad- . ditton lo the City of Blythevllle Arkansas. The said Martha Ellen WUltam. being the ownei of a homestead interest and a remainder Interest la- and to said real estate. Said sale 1»> made for the purpo« of irlnTeat-; mcnt of the proceeds coming from said sale. .... Dated this the 1st day of October, I lo l9. ' . •(•;„• Corrlnne Williams, Guardian of the estate of Martha Ellen Williams, a minor. . 103-10-17 LOVELINESS THAT RKLONGS ON YOUR TAUl.fil IN INTERNATIONAL STEHLIN6 . Inspired by Iris lovsllest ol wild tlo«,,i, »,|d res., International Sterling's Ulcst "Wild Ross" piti.,-« combiner, lichness of design with indurinf beiuty , y Come In and I.et us .how you this .xquisit. palt«r« in. both llalwara'and fiollowar>. We'ri headqu.rter. .for "Wild Rose" as well as oilier lamouj Intamationil Sleiling patterns. ' '• '. I iudgil Ch.lt Ssivlc. f«r HfMi .«., «.«•;. Beautiful matching pieces : ln the "V/i!d Rose" Service!- Thsy harmonize equally well wilh'olhar floral patlerns in sterling flatware. Sandwich Plale, 10" diameier.. ....$24.00 Sail and.Pepper, 4W high...'..'.I;..'i4;<lO pair Sugar and Cream,. .. .. ........"....30.00 set 1 ' (Federal Tax Included) Charge It At No Extra Cost! BAGS BAGS BAGS BAGS We offer new bags, never used, at about the price ol used bags, heavy 10 ounce burlap, no patches no bad scams and no rotten bags. Also No 1 used bags as low as 20c each. The bags are stored at Gay &. Billing, warehouse across the street from the Frisco depot bee the samples there and buy bags that will last you thru the season. Phone 3478-3152 PAUL D FOSTER DISTRIBUTOR Blylheville, Ark. P/ion* 2723-2700 SOYBEAN SACKS 2iBu.Size TOP MARKET PRICES PAID FOR . YOUR BEANS AT ALL TIMES Doyle Henderson Soybean Co. Highway 61 So. Phone

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