The Courier News from Blytheville, Arkansas on December 5, 1950 · Page 13
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The Courier News from Blytheville, Arkansas · Page 13

Blytheville, Arkansas
Issue Date:
Tuesday, December 5, 1950
Page 13
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TUESDAY, DECEMBER 8, 19W ILri'HJEVlLLB, (AltiriT COURIER KEW1 PAGE.ELEVEN Gold Fadesfrom U.S.Treasury At Greatest Rate In History By 8AM DAWtON . NEW YORK, De«. «. <*>—Oold U •lipping out of the U.S. treasury's hands at the greatest rate in history. But before you get alarmed. "ffcnber: IWe ; stilt hive about thret-ttfths of the world'i supply of the metal- some $23 billion worth. (Russia may have the second largest store. Estimates range from $2 billion to $11 billion. But—as In most things- Russia Isn't telling.) 2. Most of the nearly $1.4 billion of sold draining from the U.S. treasury so far this year Is still In this country, earmarked In federal reserve banks for the use at other, friendly, nations. And this does not mean a "flight of gold" from the country, 3. The loss of the metal stems largely from U.S. buying for defense stockpiles and from a healthier balance in world trade, a much' desired goal for which the U.S. has spent many billions In^pump-prim- Ing. • Foreign Goods Shipped It means that other countries have been shipping us goods Instead of gold with which to pay for their purchases from us, and that we have been paying in gold .as well as dollars for strategic war materials. This year's $1.4 billion loss com- P^%ts with the previous record in l!»r when $1.3 billion in gold left the country. That. too. was a year when 'building up armament was our greatest concern. Some of the speed-up In the drain of gold since the Korean War outbreak, of course, reflects opinion In many sectors that the American defense boom will mean furtherjn- ttatlon; that the dollar will lose more of itvs'~purchaslng power and be less alluring In other countries; and that, therefore, gold will be more valuable In terms of dollars. Hedgers against Inflation have been buying the metal wherever they could. The price'of gold in "free markets" has been rising. In Mexico City, for example, gold prices rose rapidly after the Chinese Reds Intervened In Korea. In that city, one of the world's few free gold markets, the price has risen to $38 an ounce, compared to the official price here of $35 an ounce. Even higher prices are pale In the orient, where political disturbances make any country's paper currency less valued than the hard'yellow metal. Individuals cannot buy gold from the U.S. treasury, nor turn their paper dollars Into gold. But foreign governments and their centra] banks can. And some have been doing i turning Into gold the dollars thej got from the sale of goods to us. Arkansas Hospital Head Tells Need For $1,600,000 More to Operate LITTLE ROCK, Dec. 5. (f)— The superintendent of the state 'hospital said yesterday he needs about 11,800.000 more to operate 'the In- Court Upholds Death Penalty Negro Truck. Driver To Die for Slaying His Former Boss slitution next year than he spent during 1949. Dr. George W. Jackson said his request for $4.500,000 hinges on tlie service Arkansas needs to give those, who a re mentally 111. "Of course we can get along on i lot less," -said Doctor Jackson In discussing his budget'' request Arkansas Legislative y we spend," said Doctor Jackson, "depends on whether the state wantn to operate a hospital as it should be operated before the Council. "The money as i restraining institu- LITTLE ROCK, Dec. 5. W}— The Arkansas Supreme Court yesterday iphclcl the death penalty given a Little Hock Negro truck driver convicted of killing his former boss. The court said there was no error in the Piflaski County Circuit Court conviction of George Ferguson, who was charged v;ith the March 6 slay- 1 ing of Durwood Miller. Litigation presented to the high court showed: Ferguson was employed by the Monarch Lumber Co. as a truck driver. His immediate supervisor was miller. IH feeling existed between tKe two men and on Friday, March 3, Miller fired Ferguson. However, Ferguson reported to work on Monday. March 6. Given no duties, the tfe- gro left to either find other employment or file claim for unemployment compensation. He changed his mind, went into cafe and drank a bottle of beer. He then bought a pint of whiskey and had bought a some shells on the installment plan. Concealing the gun In a package. Ferguson returned to the lumber company, walked into Miller's office and shot him. Miller died few minutes later. or just lion. Doctor Jackson formerly asked for an appropriation of $2,883,500 for each year of the 1951-53 biennium. This is about the same amount he spent last year. But in discussing his budget he said this amount wasn't enough "To do the job that needs to be done the state should spend at least $4.500,000 each year. " He said about 4,100 patients now •e quartered at (he hospital's units Benton and Little Rock. He exec Is an Increase during the next EDSON Continued from Ptgt • earnings of their domestic wrvtnts or who fall to pay new social security taxes tor them »tter J«n. 1 >rc subject to penalties, but government doesn't Intend to push .hem. Under the law, the housewife low becomes an employer. As such, delay In filing returns Is subject to penalty o! up to 50 per cent ol tax. As tax for each servant employed minimum of 24 days and paid S50 In each three months Is $1.60, pen- ally would be 15 cents a quarter year. In addition, Internal Revenue code provides for penalties of up to $1000 and •« year's Imprisonment tor falsifying a tax return. But Bun«u of Internal Revenue and Social Security Administration say they aren't Interested In trying to fine housewives or put, them in' the jug All they want to do is spread the word around as widely as possible (hat this is a good thing for housewives and servants, and (hey better gel In on It, Current Report U.S. consumption of electric power always reaches peak Just before Christmas, and this year It \vil break all records. Federal Power Commission says the anticipate! pmk load of Class One systems- covering 96 per cent of the power industry— v be over 00.000.000 few drinks. Later he 12 gnuge shotgun and op/or Bluff Dogs Quarantined; County Drives Against Rabies POPLAR BLUFF, Mo., Dec. 5. If)—The Butler County Court, act- ng on advice of county health ffleer Dr.- E. W. dine, yesterday uarantined all dogs in the coun- y and Instructed Sheriff Bill Brent o appoint enough deputies .to kill II dogs found at large. The action followed numerous re- orts .of cases of rabies. All playground recess periods for Icmentary schools In the city were liminated on orders of Supt. G. R. xiughead, until such time as all tray dogs In the city can be licked up and Impounded by the England to Print New Encyclopedia '*!» . LONDON (AP)—The Encylope- dla Britannica, which originated in Britain, \s going to be printed here • tgatn for the first time since Iflil. , It has been^published in Chicago. ; Thfr 25 volumes 'are expected to : be printed here by next summer. . John Armitage, London editor of • the encyclopedia, satd the printing '• of 10,000 seta of the new edition , "is the Biggest printing job ever • attempted In this country," ^ Each set contains 38,000.000 word* : and the publication of 10,000 sets ' will require 420 tons of paper— \ nearly 100 pounds to each set! Snyder Talks Of Returning To War Curbs WASHINGTON, Dec. 5. W>—Secretary of the Treasury Snyder saic yesterday he believes general wage- price controls will have to be pul on "to avoid dam-aging inflation.' Snyder made the statement to the Senate Finance Committee In re. sponse to ft question from Senatoi Milllgin (R-Colo) as to whether "in your judgment general controls are inevitable." Snyder said: "I should say tha Kith the situation as it is today to avoid inflation of a damaging na hire these "controls, will have to be put into effect." He declined to predict when tha might happen. Another Senate committee—tha on banking—also raised the ques tion with Alan Valentine, directo of Economic Stabilization. Obviously weighing his answe with great caution, Valentine would not be pinned down u to possibl' use of controls. Reds Have Mechanical : Brain Difficulties VTENN A—(fi>) — The development ; of the "mechanical brain" in the ! United States Is designed to stop i the processes of human thought. f That Is what.the Communists say. • Tlie Romanian newspaper "Univer- sul" recently gave this explanation. of the American Invention: "The mechanical brain is an electronic machine which the American pseudo-scientific researchers want to use Instead of the human brain. Now, when the Wall street usurers are preparing to start a third world *T~» they do not need human thvflght. They stifle thought. Hatred of man—this Is the supreme law of the American gangsters." Japs Can't Volunteer For War, Official Says TOKYO, Dec. 5. (/PI— Prime Min Ister Shigeru Yoshloda declare! yesterday that Japanese "cannot Ix permitted" to volunteer In the Ko rean campaign. He made the statement during question period in parliament. Yoshirla said the Japanese gov ernment is firm In its constitutions ban on armed forces and war. The premier said he did not ex pect the Korean campaign to deve' op into a third world war. Japan's police force, he added, sufficient to insure "domestic peac and security" despite the hostllltie on the nation's doorstep. SAVE *100 Yes, you can save up lo SI00 on any new Frigidaire Household Appliance this Adams Appliance Co. Come by for details—you'll be mighty glad you did! wo years. kilowatts. Last year it was 54.000.00L iw The n per cent Increase Is largely attributed to Increases <> defense production and heavy use ay stores in what may be last "ful stocking" ChrLstmns shopping rush look OutsMc! You Can't Match a FRIGIDAIRE \ • New gold-and-whit* b«auryl • New aluminum rust-proof thelvetl • New full-length door! • New "let Blue" interior trim I Come !nl Prices Start at $19.1.75 DOWN and 5% a week Is the very easy way to save the money for your new Frigldalrc. Adams Appliance's Special Down Payment plan makes It mljhljr easy l» make the K% down payment. Adams Appliance Co., Inc. J. W. ADAMS, Mgr. 206-208 W. Main Phone 2071 ity police iety. and the humane so- Three rabid dogs were killed In 'oplar Bluff yesterday. Flying Trapeze Act Brings Rise and Fall Of Peter Foy Eight Times Weekly in Show ply this year is estimated at 05,000.0(10 kw. So there Is an 8 per cent margin and there will be no power shortages, except perhaps In a few local areas. Projecting future demand and supply, FPC says December. 1951, peak load may be 65,000.000 kw. against 12,000.000 kw. capacity—an 11 per cent margin. And the year after that, peak load will be near 10.000.000 kw. with capacity of nearly 80,000.000 kw.—a 14 per cent margin. War Claims Commission has now received 120.000 applications for benefit payments from ex-prlsoviers of war and civilian internees held by Axis powers. All of them, or their survivors, are wondering when they'll get their money. WCC Is processing claims at rate of 1000 a week. Every claim is given serial number. Claims .«p to No. 30.000 will be paid by Jan. 1. The commission hopes to pay claims up to No. 55.000 by I July 1. 1051. and up to No. 80,000 by Jan. 1, 1052. It hopes to finish its By SAUL FF.TT (For Hal Boyle) NEW YORK. W)—The rise and fall of Peter Foy occurs eight times i week. After all, you can't expect stauil- (y in a career devoted to flying without r.n airplane. Foy, il must, lie hurriedly explained before the suspense snaps your nerves, is the young, red-faced Britisher who makes people fly through the air In (he lilt Broadway revival. "Peter Pan.' Poy also set up (lie complicated apparatus for flying scenes In two other Broadway shows, "Peep Sho-|" and "Out of This World." But "Peter Pan" is his biggest operation anrt he directs it personally, lie has also nrrnnceri television "lllchU." lie works behind the scenery and can't see the actors. "I fly blind," Is the wny ho puts it. Poy has four wires, one each for Jean Arthur, who Is Peter Pan, and for the child actors playing Wendy, Michael and John. The performers wear a leather harness hidden under their costumes, Just before RoinE up on a mission, their harness cMchcs a hook attached to a wire which runs through a complicated system of counter-weights and pulleys all leading backstage to a rope on the end of which Is Poy. C.™lle I.amlhif Sought In landing, the problcm;is to land the flying actor gently. Thus. Foy lets the rope run up through his hands. Suddenly he grabs it again Dependable capacity power sup-1 nnd rides up in the air wilh the climbed the 12-foot ladder and at tlie precise second leaped for the ro]», he came down wllh a bang. offending and bruising the bottom of his spine. Mlrliacl Was What he didn't know when he Jumped was that Michael wasn't on the stage. Instead of having 140 pounds on the other end of his rope, Foy had only 80, He weighs 150. Has he ever dropped any actors?" "Not yet." said the 24-year "flight supervisor"—the lltlc they give to For. "I've been at this tour years, here ami In England, and never lost 3, passenger." And jaytng this, he knocked wood. After Kveral months of stags fly- Ing, a night supervisor's hands grow very sensitive to changes In weight. "After a week-end," Toy said, "I almost always notice that Miss Arthur has gained a pound or two But we knock it .off of her during the week." rope until his weight counter-balances the actor who is landing. When he wants to achieve a sudden takeoff, he stands on top of a 12-foot ladder and jumps at the rope. He docs this In one scene where he has to yank both Michael and John abruptly into the air on one wire. This operation has worker! smoothly in the New York production, but once in London, Foy ,le, friendly dog. job some time in 1952. Arkansas Doctors May Miss Draft LITTLE ROCK, Uec. 5. (/P) — Arkansas' Selective Service director yesterday said that probably no physicians, dentists or veterinarians would be called lor induction from tlits stale in the national doctor's draft. Brig. Gen. E. L. Compere, said the medical men who registered In Ark- assas under the first priority of the draft are gradually taking reserve commissions or are being put in a deferred status. A WELCOME GIFT OUR NEW DECANTER BOTTLE cJ" Ju/titi, Add 10 the charm of your hospitality! Get this beautiful Decanter, full of good Kentucky Tavern, todayi To complete your set, t»*+- [ranion ftlaitet Made by LHrttey are on tale at lead' fug stores everywhere. Kentucky Straight Bourbitn '. lOOI'noJ. Dillitltil antl OcltM-in-Oaiul niitla Sul'tri'ision oj the United Slalct C-oiernmcnl. O Gltnmvrt Ditlilttritl Company, Louiliillt, Ktnittfky NO OTHER BOND CAN MATCH THAT KENTUCKY TAVERN TASTE * fllEROIRY ANt "WAY tOU XOOK AT IT—from the front or rear, Inside or out, there'j excitement in just tht look of the new 1951 Mercury. For it'i a new front, and a new rear, with a sweeping new fender flow. Add new colors, new fabrics, new blgger-lhan-ever rear window .. i end w« think you'll agree, l/iere'r noffimg fjfce it on f/ie rood todayf Ana 1 the 1931 Mercury's longer life, higher resale value make U a betler Investment for tomorrow, too. When you fnv*sf fn e n»vf tor today, mefc« 9ur* you a«f a r*a/fy n*w car— rh* 1951 M«rcuryf Drop In our showroom today and gel the facts firsthand, find out why "the aVive of your life" is "the buy of your life, 11 I SWAY i With Mercury for 1951, you fiava a ftipf* cholco for "the dri^e of your life" —new Merc-O-Matic Drive ond thrifty Touch-O-Malic Overdrive ore optional al extra coil; ond in addition, there's the 5Uenl-£oie synchronized standard IransirOssion. STILL & YOUNG MOTOR CO. Walnut at First Street

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