The Courier News from Blytheville, Arkansas on December 11, 1950 · Page 6
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The Courier News from Blytheville, Arkansas · Page 6

Blytheville, Arkansas
Issue Date:
Monday, December 11, 1950
Page 6
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THE BJA'THEVILLB COURIER NEWS THE COURIER NEWS CO. , H..W. HAINES, Publisher HARRY A. HAINES, Assistant Publisher l A. A. rREDRICKSON, Editor >AOLi D. HUMAN, Advertising M»n»c*r 8ol« Nation*) Advertising Representatives: Wallao, Witmer Co., New York, Chicago, Detroit, Atlanta, Memphis. _BL>'THKV1LLJB, Entered »« second claw matter at the post- eftfc* lit Blythevilte, Arkansas, under act of Con- rrm, October », 1917. Member of The Associated Press SUBSCRIPTION RATES: By currier in the city or Blyllieville or any •uburban town whew carrier service is main- Mined, 25c per week. By mall, wilhin a radius of 50 miles $5,00 per year. $2.50 for six months. $1.25 lor three months; by mail outside SO mile zone, J12.50 per year payable in advance. Meditations Submit yaiirKrlvn in every ordinance al man for the Lord's sake: whether It be lo the Mm;, a* supreme.—J J'eter 2:13. * » * No principle Is more noble, as (here Is none more holy, than that of a (rue obedience.—Henry Giles. Barbs If it weren't for the cosmetic counters what would the young girls do to make up for lost sleep? * * * Only a few weeks until Christmas, .v> the old rent should start discussing thr poorhmise. * * * % A restaurant owner says a lot of food is wasted by pntrons who request that bread be trimmed for sandwiches. It's not only (he bread Hint has. a- lot of crust. * * ' » A Kentucky woman identified . 'man who l™k her husband's nay envelope. Perhaps she was peeved because he IM-H! her to It. * • » « The pro football season soon will be over all but Hie-snoutlllg— about frndcs, etc. Now, of AN'Times, Burden Must Be Shared ' The National Tax Equality Association, an organization that devotes its efforts to waging a "tax the imtaxed" battle, is currently distributing litera-- ture containing some interesting statistics concerning the business set-ups which the NTEA feels are getting off too lightly. y Classifying certain corporations as "Tax 4F's," the NTEA says this list includes: >.. , "Nearly 35,000 cooperative coopera- tions with annual business volume of |17 billion— making profits of ?1 billion —escaping federal income taxes of more than $375 million every year. Co-ops top the list of Tax 4Fg. They should be Uxed fully on all their corporate earnings. "More than 6,000 building and sav-, ' ings xnd loan associations (most of them corporations) with assets of more than ?12 billion and annual corporate earnings of over $400 million. If they paid income tax like other commercial financial institutions, they would pay ?147^million a year to Uncle Sam. "530 mutual savings banks (all corporations) with total resources in excess of |21 billion and annual corporate earnings of more than ?.)00 million. Congress permits them to be Tax 4Fs «"d escape ?165 million every year in federal income taxes on their corporate profits. "11,750 other cooperative financial institutions, including 10,000 state and federally chartered credit unions, 500 production credit associations and 1,250 national farm loan associations. Their combined assets exceed ?l>/ 2 billion on which they earn ?35 million yearly, |,ut pay little or n o federal income tax De- cause Congress classifies them as Tax "Am! in addition . . . an ,, 1)cicter _ mined number of mutual Tire and casualty insurance companies, some of which are entirely excused from paying federal income (ax, while others pay some tax under „ special formula that IB far different than applies to other insurance companies not so favored by the Congress. Estimated tax escape— Rpproximately $33 million yearly." Recapitulating, the NTEA says lhat together these "Tax 4Fs . . . have assets of ?3 9 billion . . . make vearlv profits of ?2 billion and escape" federal income taxes, because of exemptions 8 J« t « by Congl ' ess ' j n a" amount of £760 million." We realize there are many business enterprises of a co-operative nature in Mississippi County and, therefore, the NTEA program is not likely to be accorded * cordial reception. " In the face of current calls for higher taxes to support our belated war effort, however, the NTKA plan may well b« regarded hi » new light.. If heavy war Uxe« «r« to b« imposed, it it doubly important that thii added burden bt evenly distributed. A»- tually, there i* no reason why «ny j»x burden should not b« equally borne. In war, ever American *har*« alik« in victory. Bach nlso shares alike in disastrous defeat. •Thus it seems that all should »har« alike i;i , . . well, you think it over. Hole in the Dike I'here'g evidence from Washington that the critical events in Korea are welding leaders of both parties into a solid front. These men are ready to dispense with the time-consuming and energy-wasting business of placing blamt and uttering recriminations. That's as it should be. Unfortunately, Ibis fine spirit of unity does not extend lo the whole rank snd file in Congress. Senator McCarthy of Wisconsin, never a man to 1 worry about proving his charges, is still busy making new ones. Now he wants President Truman impeached unless he uses Chiang Kai-shek's Formosa armies in the fight against Jied China. It is apparent that the senator's concept of unity is vastly different from that held by most of his fellow lawmakers. . Views of Others Wider Distribution Of .Common Stocks Only 11.3 |«r cent of the nation's wage-earning families own common stocks, a< against 5< per cent holding ogvernmeiit bonds and 95 per cent owning life insurance, a speaker told th« convention ol Investment bankers at Hollywood, Fin. He chinks lhat a wider distribution of common stocks would Be a., healthful thing In our American economy. He thinks further than one recwson for the limited ownership of common stocks among the people U the "mystery" that surrounds them. This mystery, he says. Is partly rjue to the severe restrictions ot the Securities and Exchange Commlsrion against giving th« . public information about : these slocks. He I* right in all Ills thinking, but, to fully cover the ground, we should think a little farther back. Some wenty-flve yenre ago the American people were taking to common stocks like duclu to water. When'.thin Increased demand started booming slock prices, tin controlling ele- menfi In the big financial centers showed no foresight. .Instead of tryfcig to evolve a safe plan lor investment, they permitted ruthless rigging of the market by the. formation of pools and other methods that artificially boosted Individual stocks and then dumped them to the benefit of a few on th«. Inside and to the disadvantage of ihe llttlryjni'n who wa» buying a* »n Investment. This'was not thi only thing that contributed to the depression that started in lat* 1S2D, but it was one o< them. It wa« the principal rea«>n why the SBC came Into ' existence with Hi «ver« restrictions. Nevertheless, the Investment banker is rlghl. We should, afler having learned a good deal In the school of experience—including both the big and little boy« In the stock marker-try to work out a sensible pl»n that will encourage the little man to come b«ck and participate In Ihe ownership of America's Industry. Ho will when h« feels that ht knows what he Is doing when he buys common stocks. —DALLAS MORNING NEWS 5>o They Soy Women like lo watch other women (In the movies) .... They like to watch Joan Crawlord and try to figure out what she's got lhat she can get Gable while they can only get those slobs they're married lo. — Hollywood prolldcer Bill Dozier. » • • We rto have our miseries, though, in Arabia. As you know we have trouble getting water. Every time we drill for water, what do we strike-oill —Prince Fahad Al Sabah. * t • While lelcvision still, has the fascinalton o! newness, let vis not dull it with mediocrity. The potcnlinlitie.s of visual education via television offer new and almost unlimited horizons-lo teachers.—Frieda Hennock, members of Ihe Federal Communications commission. » * » Until every older citizen looks back with nridt mwn the service he rendered in uniform, (his nation will not be served well by her citizen,, who owe her everythlng.-Gen. Dwight Eisenhower. * " * Radio can'be very routine. H doesn't hav. •he excitement o( the theater. It looks like It's on the way out. with television here, anyway. —Comedienne Fanny Brice. * • « When we think of strength, we inevitably "alias lhat otlr profit and loss system of privately owned property Is (he warp and woof of our free way of Ilfe.-Santa Fe Railway president Fred Gurley. » t t They tthe king and queen) , re j ucn wonder . (ul people. They make you forgot they're royalty, first thing you know you're acting natural nil over the place.-Songstress Dinah Shore, commenting on her command performance In London. CqlFacing a Crisis Peter Cd son's Washington Column Only Imposition of Full Controls Can Really Stop Inflation Spiral BV PETFR Fn.«nu . ti ir -_. _..„ .. - -*- PKTER EDSON N'EA Washington Correspondent WASHINGTON, (NBA) —The lewly-deslgned Director of Price Control. Ex-Mayor Michael V. Dl- Salle of Toledo, has a double-bar- reled Job on his hands. For there are two kinds of inflation now :hreatfnlng the United States. The first comes from a rise In U, S. income. Things like the 1214 cerrts - in - hour increase U. S. Steel has granted to its employes and th« three- cenl,"; - an - hour cost of living increases which General 1 Motors and other United Auto Workers'Un-: Peter Erimn Ion members re- eive this month are examples of he way wages are going np. This alest three-cent raise brings the ota! of such escalator clause con- ract increases for a. M. workers "> 11 cents an hour since 1048. True, increases were grant- d because the cost of living index ad gone up. But in the long run his spiral Is a good bit. like the 'Sliment over which came first, the hicken nr (he egg? The more lending power there is, the higher rices tend lo go. So the end Is ot yet in sight. Second major inflationary pies- ire today is from the scarcity of aterials. Large quantities of things <=e rubber, aluminum and copper re needed tor defense production. tie supply for automobiles, houses, frijrerators, radios and TV sets reduced. So the price goes up. Higher taxes nnd credit controls n do something toward cutting own this first type of inflation. Allocation and cutback orden, ... do a litlle towards reducing Hi second. Bui if both of these are t< be effective and if the cost o living is really to be held dowi there must be some price controls Indirect Controls Won't IVork The theory so far has been tha inflation could .be checked by laxe. and credit consols alone. Thi, might be true it there was genera agreement to apply [axes and creifi, controls vigorously enough. But the pressures against them have been so strong that Congress and the executive branch of government have been unwilling to tighten ' the screws. There are three large groups h the population that have consistently opposed bearing their share of the tax cost. First are the wage earners, par- icularly those organized in unions It Is admittedly hard lo hike taxes on wage earners at a time when prices are rising. But escalator clauses lied to thd cost of living tend to keep wage, earners from bearing their share of the anti- inflationary burden. The second group takes in the farmers. In the parity price system, they are now protected by exactly the same thing as union labor'.s escalator clause. As the prices of the things farmers buy go up, the parity, support price level is automatically advanced on the things which farmers sell. So Ihey can't lose, either. The third group takes in manufacturers, home-builders, praclically all other business. The makers of automobiles, refrigerators and other so-called "hard" goods resist the imposition of curbs on the amount of scarce materials they may use They resist the Imposition of credit curbs which make their sales more difficult. And they resist the Imposition of steep excise taxes on their products. iljiny fine—Bui Rmply—Speeches These, excise taxes may be passed along to Ihe consumer. But the end result is that they reduce sales, and the taxes collected go to the government, not the manufacturer. So the effect Is to reduce inflationary pressure. These three groups—wage earners, farmers and businessmen—take in almost the whole population. This indicates how much resistance there is to the prevention of inflation by indirect means. Many fine speeches are made about people In all walks of life being willing to sacrifice in the national interest. But in the showdown, since people won't accept the necessary restraints, taxation B ,,ri :redil controls won't hold prices by :hemselves. ' In this situation, price controls and wage controls become necessary -They hp/.-e been likened to the trimming on the anti-inflationary cake. Price and wage controls alone won't stop inflation. What happened n the United Slates after World War II Is proof of that. When the nx cuts were made, purchasing power was increased to such an ex- "ce/ hBt there W3S "° noltiln « It is the combination of all these estraints that really can stop inflation-if the people are willing o lake it, First higher taxes and redit controls. Next curbs on the ise of critical materials. Finally rice and wage controls. The thank- ess job which now falls on the nmilrters of Mayor DiSalle is tn lit this icing on the cake. Wage ontrols are not his direct respon- ibillly. But price controls are, and he two are tied togelher. MONDAY, raCEMBRkn..'u Truman, Attlee Lend A New Olive Leaf By IJrWITT Ma/-if vv*** „» • _ . .."' B.r neWITT AP Foreign Arfalrk Analv.t The final communique from th conference between '['resident Tr man and British prime Minisle Attlee in Washington it at once call u> Russia and China u> joi In making peace, and a declaratio lhat (he Anglo-American Allie N HOLLYWOOD — —— HOLLYWOOD-(NEA)- lr. S. Glaus, o. 1 North Pole Ave.. Arctic Circle. Dead Center. Dear Nick: Johnson, the humanitarian. Is ere again. Aeain T'rt like i o nc ,i n you out by giving you the low down on what the boys and girls on mv block want for Christmas. But first a word of warning. During the war years I lipped you oft about the dangers to expert when you arrived in Hollywood-head waiters barrage balloons, a black market In reindeer food. etc. Now there's an even bI BR er danger - television. Drive carefully Nick, or you and your reindeer will' get all tangled up on somebody's roof. Also, you better wear a green B1NO CROSBY: A chance (n destroy all records and sheet music of "Is It True What They Sav About Dixie?" } t . A \' A GARDNER:'The other'one'-' third ot Frank Sinatra n/l^,i K SINATR * : An '"""I »nd wh™ I Vr m T 7 ' A: I* Cr<Wdcd r «' m BETI Imperl " m ls "leased. wlt n h"'?alhS Blnkh^ 1 """"™ TALLTJLAH tJANKHEAD: A hns. P1U1 room after the 20 mlmilcs are n> SHELLEY WINTERS: Honorary ROBERT MITCHUM: An "A" for deportment. JOAN FONTAINE: "'A vertlo-l photograph on a billboard RKO PRESS AGENTS: A movlr without a (Itlo chaucp HAKVEY: Th« Invl»!ble Man lor Bj KRSKI.VK JOHNSON NKA SUff Correspondent ^^—^^^~— canasta. E R KOL FLVNN: A husband for Lllli Damlta. MICKEY RODNEY: Peace In the family. CHARLEY MCCARTHY: A can of varnish, a brush and sandpaper. STEWART GRANGER: A diamond. Deborah Kerr wasn't enouuh ARLENE DAHI,: I. ex Barker HOWARD HUGHES;. Six more telephones. BOB HOPE: A box medals. GLORIA SWAXSON for "Sunset BouTrvarfl SHIRLEY TEMPLE back. TELEVISION: Hollywood know- how. FRANCIS, the mule: A life insurance policy on Chill Wills CHILL WILLS: A life Insurance policy on Francis. LASSIE: A voice. If Francis can talk. Lassie, should Ux> LAWRENCE TIERNEY: An AA diploma. BETTY GRABLE: A daily mas- See HOLLYWOOD Tajte 7 of assorled An A come- • JACOBY ON BRIDGE Bv ()SH',M,7) .MCOBV Wrlltrn fnr NKA Service Pcnnsy/vonio Player Missed the Boot " comment on the bidding of this hand." requests an Allentown corrdiKiurlent, "u looks to me as though .South ought to play the hand at tlirec no-trump Instead of four spades. He's sale enough if clubs aren't opened, m If iiiey split 4-4. But I'll be darned if t dan see who ought to bid no-lrutnp when neither North nor South has any M-niblrmrrt of a diih stopper. 'The defenders led three round* of clubs, and-South ruffed the third round with the nine of spades He then laid down the three t«p trumps, discovering the bad news. He next ™f '?, "'" H>e diamonds, hoping that West would follow to three rounds, m which case dummy would lead a fourth diamond to get rid of the losing '.cart from the South ,u,"!r " owcver . West ruffed the third diamond, and South eventually had to lose a heart trick What do you think of all this?" H WEST * .1 7 5 2 WQ98 473 + QJ ICM 1 4 3 « NORTH *B< • » H3 » A K J 16 + 732 EAST *63 »J 1061 » 952 + AK8« SOU (H (l>) *> A K q 109 «/ A K 5 » Q104 Pass Pas* Past Both nrf. I* West ,N»rt», Pass 2 * Pass < «. Pass Pass Opening Jead—4, Q I thing that my Pennsylvania friend is trying to pull my leg To begin with, three no-trump I, a very poor contract—even though the actual 4-4 club break permits It to be made against any defense. In Ihe second place, live diamonds Is > very easy contract, and South should have bid it. In the third place South could and should have made his contract of four spades. The play at four spades Is very interesting. When South ruffs ihe tljlrd round ot clubs, he should see lhal four Irumps to the jack would bo very awkward. Hence he should Immediately lead the ten of spades! The chances are that West would play low—not dreaming lhat South would make such a play wllh ihe lhre« top trumps, Then South would Th« DOCTOR SAYS Plj EDWIN P. JORDAN', M. /). Written for NKA Service The dope or drug habit is' a «e i-IOHs problem. Tiw newspaper .sometimes call attention to it I Leadlines such as "Bare Huge DOB, Ring" or "Dope Sales to Youth Boost Addicts." it was recenll pointed out by a family court judg in one of Ihe large cities that ther has Jjccn a 25 per cent Increase ir the use of narcotics among adoles cenf.s. The drug habit usually means i craving for one of the «u,bslance. derived from opium, although co caine and marihuana are also prop erly included among the habi forming drugs. In medicine, opium or more often one of the substance, obtained from it, such as morphlni or codeine, are extremely tisefii because they lessen pain withou causing unconsciousness. They have brought. untold relief to suffering rrumanity. Unfortunately, dope of this kind cannot be taken too long without producing harmful effects, ant some people have used such pre- Darations riot to kill pain but because of the dreams and other jleasant sensations which thej may produce. The symptoms of habit formatter come on slowly. The health may be ittle disturbed for a while bill gradually the dose has to be increased In order to produce the ileasant symptom*. Once the habit has been formed he victim becomes mentally de- >rcssed and often suffers from ague symptoms In the. stomach or nowels whenever Ihe effect has i-orn off. This inak" him seek the rug more and more often, until he confirmed addict is at the mcr- y or the wicked peddlers and dope ings. As the habit gets worse and rorse the confirmed addict loses •eight, develops a poor complexion, nd Is likely to become prematurely ray. He is irritable and restless I'hen not under the influence-of he drug. His sleep is disturbed and ppetile and digestion are no long- r good. Road fn Ruin ..Addiction to these dangerous rugs can develop at any age. The most serious, however, is that which OTlirs at high' school age when oiiie youngster-; seeking .adventure i« approached by'a dope peddler and gradually led down the path until he will even steal In order to get enough money to buy the drug. No mercy should be shown to those who debauch the young in this way, nor to the powerful and wealthy dope rings which operate in so many parts of the world. The dope habit should he avoided but there will always b e some who need to be cured. This Is not easy but it Is often done. The best treatment is usually given In an institution since the temptations outside are often too great to be overcome. This evil can. be mastered only by the effort and cooperation of a great many different agencies and individuals including the medical profession. Ihe courts, the federal government, and numerous and wide awake civic groups. stand p«{ on their ,._ The statement In tffeci regarded u a left-nan branch. The two .t.le.mni lo negotiate for an end to lh« fighting, but declare that be "no appeasement." And must be free. • For those who had mpecUd sational development* conference*, th. , lh«r dluppolntinc. In at l«t*t on, fcnpor*.** itane* the confcri*, found k es«»ry to .gree to ilsaaTW. wa« In connection with the cence In policy involving »r recognition of th. fted Chlnei, eminent while Amerk. **ood b Chinese Nationalist, They agreed that thi. • One or the Important »»r.J nents was that the military &** of the two nation, should hT Tn- duct so as to make these 'Set* ^reparations unnecessary Then""' 1 '" P*«e. InviUtl.. Ion to e m"» g k a e ln pe*«.*" *" ' nri One assumes that this tachai o the two governments. Th. * d.cations have „,.,,„ Jh ™ mghty plain ^ gll ^ f t,*^^ nan 0 ed at some points—for tance In the discussion of Br" • And bl witness VMI ood In such eases It remains to b« ffect of th» ,.,>>, ta «w ixes-and-seven* In spok. And not to put too fin. >i it. considerabi. ),»< a« been »vldent. Morale M*y fti|ff M I talked with a British ao ^ rr bout the conference and hTaa - thought H would .tlffen e In 'ooth England and pointed out that'th. two .or. rnments seemed far apart »» |h* utset or the 'conference--* <ji«- ouragin K indication for th, p«bH, He thought th. progres. «. d , ould prove inspiring. Europe, as he.pointed out, W W- iK assured that de.tpit, th* Ko- ean crisis she Is not eeinc for- otten. There has been a %«.! ear m Europe that America would et too occupied with Asia Th, Vestern European powers also hav* eared American isolation. As for divergence of policies, this "tish observer pointed out that he political left wings in Britain nd France have exercised ,great ifllience. 'me British left wing has >een trying to drive a wedge' be- ween England ,and America.Ua*; he ditficiilty 6f Prime" Minister ttlees government, is that H. has majority of only five in th« ouse of Commons_« very Insecure losition. As for the Korean crisis, Messrs rruman and Attlee say they hope or a peaceful settlement. President "rnman also hopes It never will oe necessary to use the itomle x>mb. But "no »ppe««ment." make the rest I Even if West took the 'jack of spades, he could do no further damage. If he led another club, dummy would ruff. (This Is why South must give up a trump trick at once rather than later on.> if West leads anything else. South regain* the lead draws the rest of the trumps, and runs the diamonds. 15 Year* Ago Today Mr. and Mrs. F. L. Engler haw one to Bernham, Texas, to visit frs. Engler'i mother for a week r ten days. Mr. and Mrs. Thomas Kskrldg* nd Mr. and Mrs. Robert Lee hav* gone to Murray, Ky., to risit th* Rev. and Mrs. J. W. 8ux*l. «.r- enl* of Mr«. Eskridge. The seventh period Publle Spe.k- ing clasa of the,city high .school haa organized with these officers: World 3onner Syke«, president; Jarne* Burton, vice-president; Mi»« Cap tall a Whltworth, secretary^ Albert Riding, treasurer; MUa Mary BI»»- beth Bornm, reporter. Mis« Ada H. Donoho has taut t« Memphin lo mak* her horn*. £ Antwtr to Pr«¥tou» Puuto HORIZONTAL 3 Story 1 Depicted flag 4 N ot (prefix). ot the United s II w « founded at Dumbarton • This group . was formed lo 6 Number promole world ^ Glance over 8 Look 9 Half an em 10 Above H Albumlnoui JSRepoa* substance 31 It meets at 12 Buili Lake , 17 Verso (ab.) New York 25 Ballad 32 Interstice* 26 Gaelic . 36 Wild as* 27 Bacchanal*' 37 Wanderer* cry 41 Sod 11 Semitic . language 14 Come in 15 Sesame 18 Rascal 18 Mineral rock 19 Employ 20 Spanish tille 21 Moccasin 22 Anent 23 Size o( ihot 24 F^sential being 27 Great Lake 29 Either SO Sell 31 Without 33 Bone 34 Prod 35 English school 38 Cerium (ab.) 39 Negative reply 40 Lettuce variety 42 Indian province 47 Male theep 4* Tree 4f Indian group M Moslem title' M Fry lightly S3 Gratified U Surgical , thread 96 Hunting dogs VERTICAL 1 DijpoirlHo* 42 Solur diric 43Old«r (ab.) 44 Drink* «low»J 45 Competent 46 Encounter 47 Level 52 Pr^odtio* MNew

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