The Courier News from Blytheville, Arkansas on December 28, 1940 · Page 3
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The Courier News from Blytheville, Arkansas · Page 3

Blytheville, Arkansas
Issue Date:
Saturday, December 28, 1940
Page 3
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SATURDAY, DECEMBER 28, 1940 Load of Trouble for the R. A. F. BLYTHEVILLE (AJIK.) COUHIER NEWS Vehicles And Manpower To Be Stepped Up 1200 Pet. WASHINGTON (UP)—The armored force of the U. S. army- counterpart of German panzer divisions—is meeting its vast expansion program without the complaints sometimes heard from civilians that it .should have been built and equipped long ago. Officers say that u.s early as 1928 plans to use the intense striking power of the last tank and its related units were developed by the army and kept up lo date on paper 4 in'the meantime. They assert that A 1 they are glad that billions of dol- •lars were not poured into production which would be stored in huge warehouses against M-day.. They point out that the United Slates always has relied on its remote geographical position to give it. time to arm. r . Thi.s is in contrast to the European method—also dictated by geography—of maintaining a full complement of equipment and men ready to spring to war. Changes Are Rapid Paper is cheaper than steel, they argue, and a scrapped tank model takes less room in the waste basket than on the junk heap. And development of the lank has been rapid. War in Europe has proved that only a certain thickness of armor plate will withstand the normal anti-tank gun. Where five-eights of an inch once was enough, it now takes seven-eighths or one-inch thick plate to meet normal needs. It Ls the same constant problem which arises with battleships—the issue of heavier armament versus more powerful missiles—the problem, of whether to sacrifice speed and mobility for armament. Thus an armed force built in 1928—when speed was the paramount issue — might be obsolete today. Consequently, the armored force officials • are content to face the problem of expanding its vehicular and manpower by 1,200 per cent— the present objective set for it under War Department plans. Two divisions are now in existence. The 1st Division is at For b Knox, Ky., the 2d at Port Banning, Ga. Each has a fair complement of tanks but they are, for cue most part, the light tank. The armament is five-eighth's'"'of .-"ah inch thick but they are-^i'astv:. For training' purposes the light.-tank .is just as..good as the medium. It mounts a 37- millimeter gun as well as machine guns. Two more divisions will be created by spring. Heavier Guns Mounted tt\ Just now a tank is being devel- ^'bped which will carry a 75 millimeter "anti-tank" gun. It can be fired point blank at an enemy tank. Ample provision is made to absorb , the recoil without interrupting the tank's progress. Such a tank would give mobility to a gun which for a brief moment last spring threatened to interrupt the German advance into France. The first armored force was created July 10, with 7,411 officers and men and about 1,800 vehicles of all types. At present it contains 26,000 men and 6,400 vehicles, a 350 per cent increase. Ultimately it will total 84,000 men and 20,000 vehicles, a 1,200 per cent increase. Higher officers of the armored corps, however, are the first to admit the weakness of their unit, but also are first to defend its im}. portance. "• They concede that the tank, while efficient on the rolling plains, cannot work in mountains as recently exemplified in the Italian attack on Greece. They admit it would be stopped by marshes and slowed by country cut up by numerous streams. But they insist that it is a powerful striking force which can break through the weak points in the enemy armor. With tanks that can travel 50 miles an hour—some say 60 to 65 —reconnaissance elements and infantry may be sent out to find the weak spot in. enemy resistance. The spot then is further softenea by machine gun fire, aerial bombardment and artillery. At this point the armored force then strikes, not at a limited objective but crashing through. It | does not stop for the "mopping up" [out moves at once to the rear—to the supply lines and communication centers—which are the very heart of resistance. PAGE Interest Rate Problem Nonchalantly sitting on a load of death, members of a German air base ground crew ride bomb-laden sled being hauled by a truck to the huge bomber seen in background.'Location' omitted by German censor, but it v/as-probably along English Channel area held by along on a of base was Germans. WHAT ITALIAN ROUT MEANS TO BRITAIN- The Allies, and British Colonies Th« Axis, and Occupied Areas France and Colonies Under Vichy Rule Free French Colonies Loyal to DC Gaulle Allied Attacks On Italy Present effective raiding area of R. A. F. planes on Germany and Italy SOVIET RUSSIA Atlantic Ocean R. A. F. moy establish bases in Albania to bomb southern Germany Istanbul TURKEY- Italian pressure removed from Britain's Gibraltar Dodecanese Islands practically cut off from Italy by British _worships at Crete British may reduce Mediterranean fleet ro free ships to bottle German raiders Mediterranean Sea ,_ To'brukW ^ Alexan'dTi ' l British prestige stepped up among Arabs and in Near East by victories Immediate threat to Suex Canal removed General Weygand, with African forces, might be tempted to desert Vichy to aid Britain ANGLO EGYPTIAN SUDAN ' SAUDI ARABIA FRENCH WEST AFRICA " 111" ]/FRENCH = Italy's troops here. isolated by blockade, EQUATORIAL: face double danger of native revolt, attack from British Kenya De Gaulle forces now hold all French coastline in southwest Africa BELGIAN CONGO t=(controlled by rUGAND y Ital .??;^oops across Libyan sands means increased power and prestige spots possibilities that may result from a partial or comnlete defeat of IWy by Britain in Africa and in the Mediterranean. * Destroyed It—They'll Help French Rebuild •'tv^'^v, ' - •£* ; 4 Ireasury Also ExpecleclTo Tax Lxcmptions, Soli War Stamps WASHINGTON i UP)-.'l-h,. (n-a.-;- -ry i-:ime close to exluuislin.- I Us legal borrowing power in 19^0 in iin.'tiieiul operations highliyhted by lirsi issue of wholly taxable in ijovornmein' history, operations for i'h,> brought, in $1.1(10,000.000 in new money, and expt-mli- l.uiv;, .sem tfu' national debt to "JJproximntHy S-H.200.000,000 or $800.000.000 from the Iqjal limit tor non-defense expenditures. An additional maiKin of $4.000,000.000 however, was povided in Juno lor deMist! linances by contjmss. .Smvi'iry of (he Tn-asury Henry Moi'Kentium, Jr.. jiimoimuHJ :i De- ceni'jpj- limmcini; oj £500.000.000 in whnliv taxable ihwM'ouilhs per cent live-year notes. The Lssiu- was unimmienli'd in thai th«- pro- "e^ils oi the offering wen- .SDWJlie- ally earmarked for national de- tensc. ^iinlicr issues of *w.\\ securities were forecast as Morgeni.hau nn- nouncixi lie would ask congress for authority lo issue wholly taxable bonds a.s well a.s noles. lit- explained Unit he Uesiit-d to "eon- tribuie to national unity" bv requiring rjovernmem investors lo pay ihelr share of the national defense through taxes on their bonds. He indicated a drive would be launched similar to (he "liberty loan" drives of the Work! War in which the government would seek to sol! bonds in small denominations lo finance the rearmament program. Present law forbids the snlii of government securities lit denominations of less than $25. Following developments were indicated to be certain in next year's financial operations; 1. The treasury will ask congress to raise the debt limit to at, least $ and possibly $75.000,000.000 without any partition between defense and non-defense expenditures. 2. At the same time, the treasury will request legislative authority to issue wholly taxable bonds, exercising: its own discretion as to their size and amount. 3. Some sort of a "stamp plan" «mv be inaugurated to collect 25- cent pieces throughout the nation for the national defense. During the World Wnr, such stamps were sold and pasted in books of $5 _ denominations, to demonstrate the j patriotism of the buyer. 1 An intense treasury drive for these objectives was indicated by Morgenthau's use of the term "slacker money" to describe income from tax exempt bonds. He added that be would be willing Lo have the wholly taxable features of treasury securities made mandatory although he preferred discretion tor trading purposes with states and local governments. Only two of the year's financial operations r e p r e s c- n t e d "new money" to the treasury—the other three issues constituting refunding. The December issue was not accompanied by refunding nor was the -July offering of $681.000,000 two and one-quarter per cent bonds, to mature within H to 1C years. The offerings for the year continued the seven-yonr trend for declining interest rates on the national debt, attributed to "easier money" conditions. The estimated rate in October was 2>i per cent compared to 3 1-3 per cent at the end of 1933. The $ in new money i borrowed this year was more than balance:! by estimated direct de-' fense expenditures oi" $1.500,000.000 and indirect expenditures running into the millions. Treasury experts point out that since these expenditures will not reach their peak for two years, a raise in the debt limit cannot be avoided. '.'li ; ?r. :-'./ >s iV, _ ^^5^^ff^^'.^'^^7^^ e ^^^ collaborate with Demonstration Club News Notes Shady Lane Club Meets Mrs. A. Scotfc was hostess to ten members of the Shady Lane Home Demonstration club and one visitor Wednesday afternoon. She was assisted in entertaining by her daughter, Miss Elfa Scott. ,. After Dutch lunch was served, f &s. T. T. Campbell presided over lhe program. Each answered roll! call by telling of "one of the hap- piest'moments of my life." Miss Scott gave the devotional before the group sang "Joy to the World" "Silent Night." Mrs. Andrew Self and Mrs. Jimmie Hipp read poems and Mrs. Jimmie Pohnes talked on "Christmas in Other Lands". Gifts were distributed before the meeting adjourned. the next meeting will be in the home of Mrs. Ruby. Blankenship Wednesday. A tacky party, pie supper and cake walk, will be given Friday night at the Dogwood clubhouse. HARRISON'S AUTO PARTS & GARAGE SERVICE STATION General Repafrinr, Welding Acrow from Red Top Gin FOR SALE SHIBLEY'S BEST FLOUR 48 Lb. Sack 24 Lb. Sack 4.80 50 Lbs. Lard 100 Lbs. Sugar $4.70 C. ABRAHAM Ash & Broadway phone 816 First Tape Measure Patent The first pa lent on a tape measure was granted lo Alvin J. Fellows in 1868. The tape measure : .va.s enclosed in a circular case, with a spring lock that held the tape at any desired length. Normally, 20,000 men arc engaged "in mole trapping in England. Immense Pools Of Idle Money Work Against Any Increase Pourlh of six articles re- •nff HMO busings and forc- probabl<' trends In 19-11. Hy -JOHN T. FLY.VN NUA Sw'iiitt Financial Willor 1'Yom the standpoint of the in- vi'slor, UK; year emlod ;uid the- year ahead art! .somewhat Irregular, it has been u profitable year for mam- corporations taut ii has been an unprofitable yiMir for others. Those (wo aroups would covitr (host- corporations al'IVctcd by l)n> war busing and those not af- I'^U'il. .save indirectly. •Somo 2«4 <:orpuniiioas i^UitiR wur bu.sincw \\uvi' unjoywl n profit;, record tar a'uovi; last year. Thi.s Is after luxes arc doducU-d. I'or instance, they show a yain of -I'j per cent in the third quarter ovi-r the sumo period y vnr . Tm?y show u guhi of 7!) pi-r cent over last year, in the nine months up to Sept. 30. SOMI: snow ACTUAL LOSS On the- other hand in Uu> second group-^some liSti corporations— while a few show In rue profits, like the petroleum industry, a number, like baking, food products, beverages, drugs, wholesale and retail Irade show actual losses both for the third quarter' and the year a,s a whole up Lo Oct.. 1. Thi.s. however, is because the benefits of Hie, war business ami, wont first into the direct wai in- diLstrle.s have, not yet perco. Hod into the others. But there i.i a reasonable expectation that if the business does keep up this percolation will -take place. The plight of the investor is far from u happy one stated in terms of the return lie can. get on his money. The average yield on the very highest grade corporate bonds is only 2.G per cent. On long-term Treasury bonds it is about 1.9 per cent and on short-term Treasury notes about .25 per cent. Investors open their eyes and gasp a little when they see a railroad equipment bond (ALchlson) —a $10.000,000 issue—go for from .2 per cent to 1,5 per cent, Thi.s is actually lower than government bonds. NO INDICATION OF BIG KISK The whole subject of taxes" and Ihe uncertainly of war hangs a good deal over this .security investment field. Taxe.s on corporations have become pretty serious. For instance a large group of corporations studied by the National City Bank, shows'an average of all .sorts of taxes—income, property, etc.—of 53/J per cent of net income. This means that over half of every dollar of net income goes for taxes of one kind or another. Financial authorities seem to feel that the low interest rates arc a serious hindrance to business and that nothing should be done to depress them further. The question arises, then, will interest rates, a* war orders multiply and business moves up, Lend lo increase? This i.s a question being asked by innumerable persons, other than business men, particularly in the real estate field. Of course an increased demand for money .should send rates up. But the pools of unused money are .so immense and the rates so low thai there does not seem to be very much prospect for rntes to rise to a point where the rise would become serious or where it would affect real estate rates. C. D. Travis in Copier after a two weeks' Illness of iniluenza which , later developed into pneumonia. (Mr. Hinson wns born In Lexington, Tenn.. Sept, 4, lues, and moved here la 1897 and took active part in the building of this community. He wns a member of the Methodist church and the 1. O. O. F. lodge and is formerly a justice of the peace of the Cooler township. Surviving are the following children: Mrs, Travis, Mrs. Homer Waters of Cooler. J. F. Hinson of Reeves. Mo., and SgL. J. B. Hinson of Fort Doyle, Md., two brothers A. M. Hinson of Cooler,• and- Dan Hinson of Huron. Tenn., two sisters Mrs. Lydia Russell .''of'Cooler and Mrs. Martha Stanford of Shady Grove, Tenn. Honorary pallbearers were: V. w Coleman, w. M. Barker, Q. c. Wagster, Ligc Barger, George Gillilaiui and Henry Wilson. Active pallbearers were Eutra Matliies, Cooper MnttiJcs, Jacl: Travis. Carl Travis, Earl Hinson and John Hinson. To Hold Funeral Rites For J. F. Hinson Today COOTER. Mo.—Funeral services will be held this afternoon for James Franklin Hinson ut the Cooler Methodist church at 1:30 o'clock when the Rev. H. S. Hollcy. pastor of the Steele Methodist church, will have churge. Interment will l)e made in the ML Zion Cemetery near Steelc. Mr. Hinson. who is well known throughout tin's county as Uncle Jim. died early yesterday morning at the home of his daughter. Mrs. Try Our "Warm-Morning" Sentry Coal, For the New Warm Morning Stoves GAY & BILLINGS, Inc. PHONE 76 Amputate Thornton's Leg; Condition Critical STEELS.. Mo.—T.' C. Thornton, conch of the Sterile school, who was injured in a car accident Christmas eve is in a critical condition at St. Bernard's Hospital in Jonesboro following .amputation or his left leg at the hip. , The identity of the hit-run driver has not yet been learned. The only clue officers have Ls that witnesses said the car was u wine Chevrolet sedan apparently now with a Shelby County. Tenn.. license. Orang's Third Baby Believed New Record PHILADELPHIA (UP)—The Philadelphia Zoological Gardens— more familiarly known a.s the zoo —has established a new record with the birth of a baby orangutan. The newcomer is the third baby born to Guarina. Guarina's other children are Cinderella, born Jan. 21. 1035, and Ivy, born June 13, 1937. ; The previous record for the species was two, held by a St. Louis orangutan. , . ;'•-" SUN T vs. MOON Although we see only one side of the moon, we are able to see ail sides of the sun. The.sun rotates once in each 25-day period. Movie studios are able lo save $120,000 annually by recovering the silver from film-fixing baths. NEW YEAR'S EVK DANCE Owen Zuck and His ORCHESTRA Sponsored by the Blytheville Bachelor Club City Hall BUY NOWI PAY LATER! BUDGET PLAN PHILLIPS MOTOR CO. 5th & Walnut Phone 810 BUSINESS FOR SALE If you are interested in one of the most modern up to date Grocery Siores, equipped with a complete Meat Department, doing a fifty thousand dollar business annually, it will pay you dividends to write or call the owner. Wardell, Missouri Phone 2030 or Write P. 0. Box No. 851, Blytheville, Ark.

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