The Courier News from Blytheville, Arkansas on July 29, 1954 · Page 5
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The Courier News from Blytheville, Arkansas · Page 5

Blytheville, Arkansas
Issue Date:
Thursday, July 29, 1954
Page 5
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THURSDAY, JULY 29, 1954 BLYTHEVILLE (ARK.) COURIER NEWS PAGE FIVE New Housing Plan Should Boost Building Sen. Cdpehart Says Home Construction Will Increase By ROWLAND EVANS JR. WASHINGTON (AP) — New housing legislation, one of Congress* major actions on President Eisenhower's legislative program this season, should boost home building by 10 to 20 per. cent, Sen. Capehart (R-Ind) said today. Capehart, Senate Banking Committee chairman, steered the compromise measure 'to Senate passage last night by a 59-21 rollcall vote, thus sending the bill to the White House. The Indiana senator said in an I interview today the bill "contains a great deal of what the President asked." He commended the House for having agreed to a 35,000-unit public housing program, described by Senate public housing advocates as "a sham and a delusion." That compromise provision, authorizing far less than Eisenhower recommended, was the main reason for the 21 "no" votes cast in the Senate on the over-all bill. House Puts Limits The compromise wording allowing 35,000 public housing units in the next year would restrict this type of building to families actually displaced by federal slum clearance activities. Eisenhower had asked for 140,000 units over the next four years, without this restriction. and the Senate originally went along on that. But the House refused to authorize any new public housing v/hen it passed its orig- ' inal bill. Capehart said the conference committee which framed the final version of the bill was "indeed fortunate" to have won House agreement for even the restricted 35. 000-unit public housing feature. In other major respects, Capehart said, the new bill liberalizing down payments and extending repayment periods on homes bought with government - insured mortgages followed closely the housing proposals Eisenhower sent Congress early this year. Capehart said the new housing bill is "certain to pump even more activity into a building industry already operating at a far higher rate than anticipated a year ago. Credit Cased Under the bill, a house with an FHA-appraised value of $12,000, for instance, could have its down payment lowered from the present $2,400 to $1,200 if new and $1,650 if old. .Loans could run as long as 30 years instead of the present limits of 20 to 30 years . The measure includes several new gimmicks designed to eliminate extra-large profits by build- | ers of government-backed apart- j ment projects .Some senators, led by Sen. Byrd (D-Va), were contemptuous of these anti-" windfall" devices and forecast their effect would scarcely be noticeable. "Windfalls" were described as profits made by builders who built projects for less than the amount of a government-insured loan and pocketed the difference. The measure also contains a new provision requiring lenders in the government-backed home repair loan program to take part of the risk on each loan made. This is designed to encourage more policing of home repair loans by commercial lenders in a move to help stamp out those home repair dealers who, government officials say, have bilked home owners of millions of dollars in shoddy repair work. Snow occurs on the peak of 13,784-foot Mauna Kea in the Hawaiian Islands. MOX -Theatre- On West Main St. In Blytheville Show Starts VVeekdavs 7:00 Sat.. Sun. 1:00 On Our Wide-Vision Metallic Screen THURS. & FRI. Double Feature | BROS. ««.«^_ JOHNWAYNE ™w^» * MIKI MR. —AND— HOT, NEWS STANLKT ELEMENTS O *A«Tl»T« •oeucri.n ____ ALSO CARTOON Roy Co/in Declines Offer to Serve McCarthy as Personal Consultant NEW YORK '.•?) — Sen. Joseph R. McCarthy (R-Wis) says Roy Cohn, a principal in the bitter Army-McCarthy controversy, has declined an offer to serve as his personal consultant.. "I asked Roy if he would serve on my personal office staff as my personal representative on the committee," McCarthy- said. "Roy turned it down. He said it would be like going' out the front door and coming in the back door." Against Adviice Cohn, the senator added, "left me against my advice, but perhaps he was right in doing it. I could see why Roy felt his usefulness was not what it should be." McCarthy, who had no prepared address, did not elaborate. At one point McCarthy referred to Cohn as a "victim," then quickly said: "But you can't call Roy a victim. He'll never be a victim of anything because he. has too much good old Americanism, and guts for that." McCarthy also said Cohn will "always be available and will be called upon very. often' for help ' and advice." Cohn's resignation followed the lengthy televised subcommittee hearings in which the Army charged that Cohn used improper pressure on behalf of G. David Schine, another subcommittee aide who had been drafted. The McCarthy side contended the Army was using Schine as a "hostage" to prevent the subcom-. mittee from pursuing its probe of the Army. Ovation Given Both McCarthy and Cohn received ovations from some 2,000 $70.00-a-plate dinner guests in the j Hotel Astor ballroom. Sponsors of the affair said more than 6,000 ticket applications had to be turned down because of lack of space. Cohn, responding to many addresses of praise, said he considered himself "extremely fortunate to have had the opportunity to oppose the Communist menace." "In public life or private life, as long as I am here, I will always be in this fight," he said, adding: "The elimination of one or two or five or ten individuals will not stop this fight, but it will go on as long as there is mn America. And it will continue as long as you continue your interest in'public affairs and dedication to God and country." Police look special security measures as the result of reported threats against some of those attending the dinner. Outside the hotel, about 250 persons demonstrated against the dinner, carrying signs and chanting: "Roy is out — Joe must go." Police stationed around the hoteJ did not interfere with the picketing which lasted 45 inuiutes. He Found Out BOONE, N. C. (£»)—Bill Gragg suspected someone was stealing gas from his truck so he put on a lock- type gas tank cap. Next morning his suspicions were were confirmed. Along with the gas the new cap was missing. The Appalachian Mountains extend from the Gulf of St. Lawrence to Alabama. FAMOUS FIRESTONE DELUXE CHAMPIONS Used As Original Equipment On America's Finest Cars REG. NO TRADE-IN PRICE OF $20.60 3O 6.00-16 PLUS TAX mi T tirtt W thty irt BLACK SIDEW ALLS-ALL SIZES REDUCED SIZES 670-15 6.40-15 7.10-15 6.50-16 7.60-15 8.00-15 8.20-15 REG. NO TRADE-IN PRICE 1ST TIRE** 22.60 21.55 25.05 25.40 27.40 30.10 31.40 MT JM» TIM tot 11.30* 10.7&V 12.53* 12.70* 13.70* 15.05* 15.70* /Plu» tax ond yoor pr.wnt fir** !f 1*»*y Hut 1* YOUR OLD TIRES WILL MAKE THE DOWN PAYMENT... Low As 1°° WffK FAMOUS FIRESTONE DELUXE CHAMPION WHITE SIDEWALLS ALSO REDUCED • • BUY 1ST TIRE AT REG. NO TRADE-IN PRICE OF $25.25 GET SECOND TIRE FOR 63 6.00-16 PLUS TAX if they «r* OTHER SIZES REDUCED SIZIS ', 6.70-15 ', 6.40-15 ( 7.10-15 6.50-16 7.60-15 8.00-15 8.20-15 RIO. NO TRADI-IN PRICt 1ST TIM" 27.70 26.40 30.70 31.10 33.55 36.85 38.45 MT 1NO TIM FOR 13.85* 13.20* 15.35* 15.55* 16.78* 18.43* 19.23* FIRESTONE - 0.0. HARDAWAY 107 W. Main Phene 2-1102 PEMVEY'S A UV A t 5 MRST QUA MEN'S ORLON-NYLON PANTS Men, you'll love Penney's orlon-nylon pants. They are cool, comfortable, and washable. They are just what you're looking for on these hot summer days. You'd better hurry, they won't last long. FOR MEN SHORT SLEEVE SHIRTS $1 00 POLO SHIRTS $1.00 GABARDINE SLACKS $3.00 COTTON WORK PANTS ..... $2.00 SPORT CAPS .....$ .50 BATHING SUITS $1.00 MEN'S SHOES .Prices haA~e been slashed on all men's summer Shoes. Sizes and Quantities are limited Get Yours Now. PAJAMAS $2.00 COTTON DRESS SHIRTS $1.00 FOR BOYS ORLON-NYLON PANTS $3.00 SHORT PANTS $ .25 COTTON SPORT SHIRTS $ .77 POLO SHIRTS $ .50 SWIM SUITS 50c and $1.00 CAPS $ .50 GIRLS SHOES Ideal Shoes For Back- to-School and dress wear. You'll find sandals", Nylon Mesh and Patents. A Real bargain. PLAY SHORTS $ .50 HALTERS $ -25 FOR WOMEN PLAY SHORTS $1.00 ond $2.00 BLOUSES $1.00 SKIRTS $1.00 and $2.00 This it clearance time at Ptnnty's—a thorough, store-wide clear- once. Penney's are marking down famous first quality merchandise to make room for the coming season's goods. You'd better hurry in—quantities are limited, we don't have every style in every color—get in on these rare bargains during PENNEY'S 8IG JULY CLEARANCI. MEN'S BOVS 54 VE! IT PAYS TO SHOP PENNEY'S

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