The Courier News from Blytheville, Arkansas on January 9, 1956 · Page 3
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The Courier News from Blytheville, Arkansas · Page 3

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Monday, January 9, 1956
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MONDAY, JANUARY 9, 1«M BLTTRBTiLLB (ARK.) OOURIBR NBWi PAGB TrTREK Ike Outlines Nine - Point Farm Plan to Congress (Continued from Page 1) fc not a market. Even the most •table commodities cannot be added forever to government granaries, nor can they be. indefinitely held. Ultimately the stockpiles must' be used." Elsenhower said It Is unthinkable to destroy food. Hence, he said, it is necessary that means be found to move the commodities into use »t .home and abroad. In outlining his recommendation for a soil bank, Eisenhower said the most pressing need today Is to "work off our surpluses so that our'basic program of 1954 can succeed In gearing production to prospective markets »t fair prices." The 1954 program featured flexible price supports. "Everybody 1 * Burden" Under the soil bank, Eisenhower suggested what He called a three- pronged attack; . •;'. The first phase would be_ designed to-meet the "immediate need to reduce the crops'in' greatest supply" by an acreage reserve program. Under -this .program famers would be encouraged to plant less than their regular-acre- ;.g.t allotments through the .offer: of government surplus stocks as,'.an incentive payment. ".;''.'. '^-'.};:. ' Eisenhower emphasized, however, that this program is riot proposed as a device to empty government warehouses ".so "that^' they . might be filled again.. ;.:-;• : "There is," he said, ."a .basic corollary to the acreage reserve program: Tn future years we' must avoid, as a p 1 a g u e, farm pro- crams that would encourage the building up of new price-depressing surpluses,." _ . '- •,....— .... In-proposing' to give government-, held surpluses to farmers.who undercut their planting allotments, Eisenhower • said it w o u 1 d be "grossly unfair to require farmers to bear the full .burdens" of.this effort to readjust supplies to market needs. •'-••'• / "Just as 1 other readjustrrfents from war were shouldered in considerable part by the natlop as a. whole, so should this," he added. Eisenhower (gave this explanation of how this phase of the acreage reserve plan would work:. "A farmer, with an allotment of 100 acres of wheat, for example, may choose to plant only 80 acres and put the remaining - 20 Jn the acreage .reserve. This acreage allotment will not be" Ufected. He will .agree not to grale or harvest any crop from the 20 acres put into the reserve. '' '"'" "In return for this cooperation in the temporary acreage production program, he will receive "a cashable certificate. The certificate will be equal to a-'percentage of the valiie of the crop ~he would have normally harvested from the 20 acrn. This percentage will be set up at an incentive level sufficiently high to assure success of the program." Eisenhower said the certificate could be redeemed hi Cftsh or commodities. -. . .', ' Tht President said this plan has many virtu**..He said U will help remove j*e'"crushing" burden of surpluses..^' •'••••- . -••..-. He sald;';it also will reduce the "massive :.'and unproductive" storage costs on government, holdings. And he^satd, it will ease, appre- henson among friends abroad over U.S. surplus disposal operations. Agriculture Department officials 1 said the program for underplantlng of present allotments is aimed at cutting wheat ' acreage from about 56 million to 43 million, and cotton acreage from 17 million to 14 million. ; v. - ., •-,:. • w v\ Such »:reduction'could be ..expected to. cut 1956 output below market needs. The deficit in market requirements would be drawn from surplus stocks, whether by withdrawals to compensate farmers in kind or by direct sale of government stocks. • • Conservation PurpoMt The second part of the soil bank plan would provide for diversion of additional acreage from crops to conservation purposes. - Payments would be made to farmers who left Idle additional land. Eisenhower estimated that 250 million dollars from the agricultural conservation program would be made available to help pay the cost of diverting land from crops to conservation uses and that some 350 million dollars would be proposed for payments this year to help compensate farmers for loss of revenue from land which would be put under this program,. .".. /Eisenhower said trie coriserva- oll bank pro gram would provide soil and : water resources for the benefit of this and future generations, as well as pro- vidi; in time an increased supply of much-needed forest products. He said it also would reduce, "the uh:due stimulus to livestock production, and consequent low livestock prices, induced by feed grain production" on land which' the present program shifts to such crops. • The third segment "of" -what Eisenhower, called his three-pronged attack is the surplus disposal program. . . vi, $1 Billion Increase;• •••••• "Eisenhower said that despite "vigorous" efforts to dispose of surplus stocks during the past fis-' cal year, the government investment in price-supported commodities increased'by about one billion dollars to slightly more-.than seven, billion dollars. "Because the problem continues to be so serious and stubborn, the 'secretary ot agriculture is appointing an agricultural surplus disposal administrator who will report directly to the secretary," : the President said. '.'.'.'' •< -^ .•:. ;.-;yi The duties of the administrator he said, will relate to all'activities; of .the department associated -'with utilization of surplus stocks • and of curr'ent production,. Eisenhower said expanded opportunities "to barter surpluses will be sought. He added additional legislation may he needed In this field. He said the Agricultural Trade Development Act should be amended to permit sales of surpluses for foreign, currencies "only to friepdly countries.:.One aim; of the revision would be trades for strategic materials . this, country needs from behind the iron curtain. Eisenhower said the administration whenever possible will continue to ease or eliminate controls over farmers. For commodities on which price supports are discretionary, he said, it will.continue to support prices at the highest levels possible without accumulating new surpluses. : . The President made several recommendations for specific major crops. . . ;lh the case of corn, he suggested tiiat Congress consider putting. It in the acreage reserve program along with cotton and wheat. '• ' Alternative He added, however,;, that if Congress preferred not' • to authorize the acreage reserve program for corn, it may wish to consider, an alternative — the elimination of acreage allotments for the crop and placing price supports for it;on a discretionary basis comparable with other feed grains, such .as ,oats, rye and 'harley. .Corn now is supported under the flexible system, with price guarantees ranging from 75 to 90 per cent of parity. , .: Parity .is a standard for measuring farm prices declared by law tc be fair to farmers in 'relation to prices they must pay. Under the discretionary support plan, price guarantees could range from zero to 90 per cent ol parity. Elsenhower said that In recent years many farmers have chosen not to observe acreage allotments on corn. As a consequence, they have been ineligible for .price supports. Corn prices have averaged far below support levels. m the case of wheat," Eisenhower urged that producers who use all their wheat for feed, food or seed on their own farms be exempted from federal marketing quotas. The S e n ?. t e has passed such legislation but not the House. As another step .toward reducing wheat surpluses, Eisenhower urged that Congress authorize the sale, for livestock feeding, of limited quantities to government owned. wheat' : of less desirable milling qualities; » : .. He also recommended that more minor r wheat producing states be exempted from control programs, and;.that Congress grant another y e a r's extension of legislation Trtiicr.. exempts . 'duvum.wheat — a type hot.in oversupoly—from production controls . ' For cotton, Eisenhower recommended changes in the formula for computing ; price supports. The changes would be designed to bring about a somewhat lower dollars- and-cents love! in price guarantees. At present, farm law designates middling seven-e i g h t h s as the standard grade for parity and price support calculations. This grade currently takes in less than .5 per cent of cotton production. Eisenhower would base calculations on the average grade and quality of .the. crop. Farm; officials have estimated sucl a change would lower price supports by 2, to 3 cents a pound'and make cotton more competitive in th world market. : Eisenhower said the present cotton prograin has shortcomings because:.'rapidly advancing technology 1 permits farmers progressively to produce' niore on each acre. He suggested that control limitations : beginning in 1957 be based oh 'quantity-allotments rather than .planting 'allotments. ; •Recommendations for rice were similar to those for corn. Nursino School Classes Set Up Applications to enter a practical nursing school, the only one of its kind in Eastern Arkansas, are being accepted until Jan. 19. Interested persons may apply at the Old High School building, Jonesboro, or through Mrs. Evelyn Cupples at Chickasawba Hospital here. ... '••'•_ Course 'covers 48 weeks of instruction and on-th'e-job training. It prepares the student for certification as a licensed practical nurse. School starts Feb. 6. Students must have an eighth grade education or the equivalent, be within the 19 through 50. years age group, and must pass a psyhi- cal examination. •• Tuition, 1 riot including books, uniforms and supplies, is $75. Auto Crash Reported . . An end-on collision of two automobiles was reported by city police over the weekend. Two Chevrolets, owned by Bill Stancll, of 1312 Holly, and Mrs. C. H. 'Krutz, of Numbr Nine, were parked diagonally into the curbing on opposite sides of the street near the intersection of Fourth and Walnut. : • . Both drivers got behind the wheels and backed out simultaneously. They met, with minor damage, In the center of the street. Commodity And Stock Markets- Ntw York Cotton ' (U:M q«outlen«> Mar 3393 3400 3392 3398 May 3330 3348 3330 3343 July 3186 3210 3186 320f Oct 3063 3074 3062 3073 New Orleans Cotton Mar 3394 3403 3394 3399 May 3336 3352 3335 334J July 3194 3213 3194 3203 Dot 3060 3085 3060 3071 Chicago Wheat Mar ..:. 211% 212 209% 210V, May ..... 208% 208% 306% '207 Chicago Corn Mar .... 130 130!4 130 130 May.... 133% 133% 133Vi 133% Chicago.Soybeans Jan .... 240 Yt 241% 240y 4 241 Mar .... 244'/3 245,% May .... 246% 247>/ 2 24614 , 247 July.... 245% 24T/2 245% 246} New York Stocks A T and T ....'.'. 181 Amer Tobacco ..:.V 81 Anaconda Copper .... ,.... " It 3-8 Beth Steel' 162' Chrysler ....:..'.. 841-2 Coca-Cola 125 1-4 Oeri Electric ...,..;.., : .... 56 3-4 Gen Motors ' 44 3-4 NY Central 443-4 Int Harvester ,/ 36 1-8 Sou Pac 55 3-8 Eadio « 5-8 Socony Vacuum 65 Studebaker .... .' 10 Standard of N J 153 Sears : 3534 U S Steel .... 57 Livestock NATIONAL' STOCKYARDS, 111 W!—(0SDA) — Hogs 16,500; about steady with Friday's '.average: spots weaker: bulk mixed! U. S No. 1, 2 and 3 180-230 Ib 11.50 12.00; about 200 head mostly, .No 1 1,-some No. 2, around 200-220 Ib 12.25; mixed grade 230-270 Ib 10.5011.75; largely 11.50 down; 270-300 Ib mostly No. 2 and 3. 10.00-50; 140-170 jb; 10.75-11.50; sows 450 Ib "down 8.75-9.25; heavier sols 8.0050; boars over 250 Ib 5.50-6.50; lighter weights? to 7.50. _ Cattle 7,300; calves 1,200; generally steady on all classes; good and! choice steers and yearlings 18.00-21.00; high choice and 'prime around; 1,100 Ib .steers 22.75; ..fed commercial cows 13.50; other utility and commercial cows 11.0013.00; eanners and cutters mainly 8.50-10.50; top cutters, up to 11.00; utility and commercial bulls 13.5015.50; light canner bulls down, to 10.50; good heavy beef bulls. 11.0050; good and choice vealers 23.0029.00 few high choice and prime 30.00-33.00. Driving Program Set for Luxora Students of Luxora school will participate in a driving demonstration' at 9:30 a.m. tomorrow, Leroy Brownlee, vocational agriculture.in- structor said today. Demonstration will be given on Washington Street, north of the school. . * Bill Westbrook, assistant director of safety, Arkansas Farm Bureau Federation, will be in charge. The program is sponsored by the Future Farmers of America. Gunmen's Mistake' LOUISVILLE, Ky. Ml — Two masked gunmtn made the mistake of shoving William Stranger into a room, witl* a shotgun and .some shells at the Richmond Boat Club. Moments later, the club's assistant manager stepped from the basement locker room—the door wasn't locked—and fired a 12-gauge blast from the hip. The bandits dropped $230 in-loot and fled. IN THE PROBATE COURT FOR THE CHICKASAWBA DISTRICT OF MISSISSIPPI COUNT*, ARKANSAS- In the Matter of-the'.Estate of Charley McBride, Deceased ,' ^ ' No. 2,363 \ NOTICE OF '.'.r APPOINT ME NT AS AD M INIST'R AT" «, • Last known p.ddress of De~ * it*. 304 South llth Street, -~ BJythevllle, Arkansas Date of Death: December 13, 1955, The undersigned was appointed Administrator of the Estate of the above n^med .Decedent on the 30th D-y of 'December, 1955. ( t All persons having.', claims 'against t!-e estate must".exhibit them, duly verified, to the undersigned within six months fronv;the date of the first publication of this notice, or they shall, be forever barred and precluded from any benefit in the estate. : This notice fir"st published January 2nd. ,1958r- GEOROE McBRIDE, JRi," ' Administrator or the Estate of Charley McBride, Deseased. Mail Address: George McBride, Jr.," Administrator, Care, Taylor t Sudbury, Attys., Borum Bldg., Blytheville, Ark. Con Adults Leorn A New Subject - Here's Proof Several, students take dictation in a SPEEDWRITING shorthand class the first n(ght. With great enthusiasm and interest, the present business students are embarking upon the second phase in shorthand, English and Personality.., The first award winners for outstanding achievement were Mrs. Helen Cooper and Miss Juanita Davis. , i, It is announced by Mr. Lindgren, the School Director, that a second session is , to open Friday night at the Lynch Building. It you are interested in taking advanced business courses, Visit Friday night or call Mr. Lindgren at the Hotel Noble, 3-4541. Classes are limited; call today to determine if you are qualified. Obituary Mrs. Grace Lacy Rites Conducted LEACHVILLE—Services for Mrs. Grace Lacy, 71, Were to be conducted at 2:30 p.m. today in Leachville Baptist Church by the Rev. Harold White. Burial was in Leachville Cemetery with Howard Funeral Service In charge. Mrs. Lacy died Friday at her home here. She was a charter member of Leachville Baptist. Church, Woman's Missionary Union and Leachville chapter of the Order of Eastern Star. Eastern Star services were also to be conducted at the church this afternoon. ; Surviving are her husband, James Lacy, and one son, J. W. Lacy of Leachville; two daughters, Mrs. J. Sowle Smith of St. Louis and Mrs. Earsley Robbins of LeachviUe; one brother, Howard Edwards of Pine Bluff; one sister, Mrs. Edith Leaker of Charleston, Mo., five grandcb.il- dren and three great grandchildren. Pallbearers were Joe Baker, Mount Perez, Hollis Thurmond, John Swihart, B. W. Bishott and Virgil Johnson. Harmon Moore Services Held Services were held at Church ot Qod in Holland Saturday morning for Harmon Moore, 28, who died Wedesday at St. Joseph Hospital in Memphis after a long illness. He is survived by his wife; one son, John D.; two daughters, Bren- dft and Marjorie; his mother, Mrs. Veola Moore, all of Holland; two brothers, Clarence of Benton Harbor, Mich., and Wayne of Mem- IKE (ConMiMKd from Page » gat about." After talking briefly ot the special farm message he is sending to Congress today, Eisenhower invited questions. And Inevitably the first one was whether he would entertain inquiries about his political future. He replied he thought there would be very little value in discussing that matter because "all of the considerations that apply to such things are complicated." He said the matter requires much study, and that "naturally I will want to confer •with some of my most trusted advisers" before making up his mind. He has not done that as yet to any extent, he said, and his advisers have not wanted to bother him about it. It was near the end of the 13- mlnute conference that Eisenhower in response' to a request for clarification, declared "my mind is not fixe' 1 -" about whether to run again. When Is Question There were several questions about wlieii lie mil disctase-hfe plan. This was one reply: "I will do it as soon as I feel the whole thing is completely clarified and that I can say where the path of duty is." He also w: ~ asked whether an announcement could be expected early in March, as he indicated in March of last year. "I don't think we have to go by tht exact date," he said with a grin. ' • • • • ' Reporters understood him to add that "maybe we can go faster and maybe we can . go past it"—an early March, date. But 'the White House stenogiapher's version was: phis, Term. Burial was in Mt. Zion Cemetery, with the German Funeral Home in charge. AMERICAN LEGION ARENA January 12th, 7:30 p.m. FREE—Admission—FREI This Film Is Sponsored by . THE BLYTHEVILLE UNION MISSION «^M the Splendor ...tiie Drama ....Vie Heart of Loui* de Kxkmtwt AMKia.lt*! Jimmy Stroud of Memphis . . Superintendent of Memephis Union Mission, will be here in Conjunction with Picture! Charter No. 14389 Reserve District No. 8 Report of condition of The FIRST NATIONAL BANK IN BLYTHEVILLE in the State of Arkansas, at the close of business on December 31, 1955 published in response to call made by Comptroller of the Currency, under Section 5211, U. S. Ktvised Statutes. : . ASSETS Cash, balances with other banks, including reserve balance, and cash items.ln process of collection $ United States Government obligations, direct and guaranteed Obligations of States and political subdivisions.... Corporate stocks (including $18,000.00 stock of Federal Reserve bank! -.. •• Loans and discounts (including S325.18 overdrafts) Bank premises owned $60,000.00, furniture and fixtures $10,000.00 Other assets «t cm go p««v tt—nw«r tell." In reluruing to Washington, he said, "I am going back to the full duty of the presidency." Me added, however, It would be 'only fair" to say that he will have to Vbe careful of myself" and per- hapi eliminate some tasks which "probably were unnecessary" in the past. Among Republicans here, Eisenhower's news conference remarks have not changed the situation at all," as Sen. Saltonstall (It-Macs) put it. Saltonstall said he had assumed the President would make «o decision before a mid-February physical examination. Declined Comment . Sen. Knowland of California, the GOP leader, who has been urging Eisenhower to make his decision known sometime this month, declined comment. Knowland plans to seek the nomination If Eisenhower does not run. Atty. Gen. Brownell was reported over the weekend to have told the Republican Party Finance Committee in a closed session that "the President will come back and lead us for a long time." Brownell is one of the administration's chief political strategists. To While no -Eisenhower appeared to be his old Legion Members Attend Meeting A group at BlythevUfe Legionnttrw were on hand for the Hflth Legion District meeting In Lepwto yesterday. Reresenting Dud Csson Port •**($ Floyd Tate, Marshal Blackud, Paul Mahon, Raymond pavli, Hetmaa Ford, Gene Bradley, Ed T^miMM, Jim' Stovall, Thurman Gray, Dnrer Jones and Elton Foster. True Light Bibb Institute to Open A four-day Bible Institute txeiM at 7 p.m. tomorrow at True Light Baptist Church. It witl continu* through Th«»«day. Rev. M. W. Williams, fornwr Biblt teacher of the Arkansas BapHst College, will be among tho« leto> ing discussions. Meetings are open to the puMfe. No admission will be charged. self as far as the conduct of a conference Is cencerenefl. H* was vigorous and in good spirit*. 3,851,310.09 I 1,889.126.56 I 489,801.72 ' 18,000.00 5,529,229.16 70.000.00 15,023.16 TOTAL ASSETS $11,862,490.39 LIABILITIES Demand deposits of individuals, partnerships, and corpora- / tions '•••.• S 6,815,570.62 Time deposits of individuals, partnerships, and corporations. 1,463,411.13 Deposits of United States Government (including postal savings) 102,280.83 Deposits of States and political subdivisions 2,006,880.90 Deposits of banks 715,628.79 Other deposits (certified and cashier's checks, etc.) 40,371.94 TOTAL DEPOSITS $11,144,204.21 TOTAL LIABILITIES 511,144,204.21 CAPITAL ACCOUNTS Capital Stock: Common stock, total par $300,000.00 % 300.000.00 Surplus .: ; • '••• 300.000.00 Undivided profits 118,286.18 TOTAL CAPITAL ACCOUNTS 718,286.18 TOTAL LIABILITIES and CAPITAL ACCOUNTS. ...$11,862,490.39 MEMORANDA Assets pledged or assigned to secure liabilities and for other purposes * 185,000.00 Loans as shown above are after deduction of reserves of.... 132,500.00 Loans to farmers directly guaranteed and redeemable • on demand by the Commodity Credit Corporation, and certificates of interest representing onership thereof... 1,571,967.92 TOTAL AMOUNT of LOANS, CERTIFICATES of IN- "' TEREST and OBLIGATIONS, or PORTIONS THEREOF (listed above), which are fully backed . i or Insured by agencies of the United States Government (other than "United States Government obligations, direct and guaranteed") * 1,571,967.92 I/Jack C. Owen, cashier of the above-named bank, do solemnly swear that the above statement is true to the best of my knowledge and belief. JACK C.v OWEN, Cashier. Correct—Attest: E. Mi BEOENOLD ' EUGENE F. STILL CHESTER OALDWELL, Directors. 8titc of Arkansas, County of Mississippi, ss:, Sworn to and subscribed bttort me this T day of Janmry, 195«, and I hereby certify that I am not an officer or director ot thli bank. (•Ml) JESSE TATLOR, Notary Public. My commission expires 1/1/1958. When You Think Enough of Your Clothes to Want The Very Best . . .then You Want HUDSON'S STAYBRIGHT DRY CLEANING Revive the look of newness in your fine clothing by sending them to Hudson for a thorough dry cleaning With STAYBRIGHT—The miracle cleaning forrnvk that restores,the original lustrous color and actually adds months to the wear of your garm«tta. Abo t*f Hudson for a longer lasting press. • Better Cleaning •The Hudson Finish •8 Hour Service (For The Asking) HUDSON Cleaner - Clothier - Tailor Blytheville, Ark. Steele, Mo. PhoiM For FrM ItHmatM R. C FARR&SONS Phone 3-4662 — 400 Railroad — Phont J-450T

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