The Courier News from Blytheville, Arkansas on September 11, 1954 · Page 10
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The Courier News from Blytheville, Arkansas · Page 10

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Blytheville, Arkansas
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Saturday, September 11, 1954
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Page 10
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PAGE TEH BLYTHEVTLLE (ARK.) COURIER NEWS SATURDAY, SEPTEMBER 11, 1954 FHA Begins Effort To Recover Millions In Windfall Profits WASHINGTON (AP) — The Federal Housing Administration today took its first direct step toward claiming for the government millions of dollars in "windfall" housing profits. "Acting HI the case of the big of more than 40 million dollars Llcwood Park Apartment project near Ft. Lee, N. J., the FHA ignored a threatened court fight against the first of several moves aimed at compelling "windfall" recipients to return money they made on inflated government-backed construction loans. Investigations by government housing officials and the Senate Basking Committee have revealed some builders used a now-expired post-war apartment program to get FHA-insured mortgage loans far in excess of actual construction costs. Some pocketed the difference, netting profits labeled as "windfalls" by the probers. Special Meetin; The FHA called a special meet tog for Sept. 22 of preferred stock holders of 13 corporations whicl comprise Linwood Park, Inc. The agency said it intends to remove the project's present directors and elect new ones as a first step in recovering $2,426,821 in alleged '^windfall" -profits gleaned from FHA-insured loans by which the project was financed. If it can make recovery in the Linwood Park case, the FHA has said it will try to claim the bulk CAMPAIGN UNREELING — The Republicans have unveiled a film which will be used in the fall campaign. It is written around President Eisenhower's accomplishments. Starting with victory in Germany it goes through NATO, the campaign, trip to Korea and then to Washington. allegedly distributed as profits by building corporations across the country under the apartment construction program which expired in 1950. The special meeting will be held in the corporation offices at Hackensack, N.J. It was called by FHA Commissioner Norman P. Mason through an advertisement in a Hackensack newspaper. In effect, FHA* was calling itself into a meeting, since the agency owns all the preferred stock in the corporations. FHA employes will represent the agency at the meeting. Mason acted after Sidney Sarner, president of Linwood, refused to call the meeting as FHA requested FHA said an attorney representing the 13 corporations has notified Mason by letter that court proceedings will be started to bar FHA from holding the stockholders meeting. Violations Charged FHA contends the "windfall' funds were distributed in viola tion of the project's charter—tha only earned income could be dis tributed among the common stock holders. The agency alleges tha' Linwood Park sponsors obtained FHA-insured loans totaling $8,875,000, but actually spent only $6,662,500 on the project and distrib buted the rest. In a letter to Sarner "directing' that the special meeting be called Mason charged that Linwood Park had violated its charter in these four ways: It engaged in business other than the construction or operation of a rental housing project by making loans to other corporations con trolled by the same persons who control Linwood Park. It redeemed portions of its common stock without FHA approval. It failed to furnish data on building costs and other information requested by FHA during the investigation into alleged housing abuses. Acting without prior FHA approval, it compelled tenants to pay a charge for the project's television antennas and garage use, even though tenants may not have HURRICANE owned sets. automobiles or television Tax Agent Here Picked For Training Course Cecil L. Kelly, Internal Revenue Service agent-here, has been se- ected to attend a course in ad vanced accounting practices to be- in at the University of Michigan Sept. 20. He will be a member of the first class of 100 agents to take this course, which has been established r or eventual use by employes of the Internal Revenue Service in all its administrative fields. and professional Reid to Take Part UA Law Program Max B. Reid, Blytheville attorney, will be one of the speakers the program conducted by the Arkansas Bar Association and the University of Arkansas School of .aw at Fayetteville Oct. 7-9, it vas reported from the University Qday. The institute will study the 'Practical Aspects of Personal In- ury Litigation" with professional •nen fro rnseeveeral sections of he state aiding in the prorgarn. (Continued from Page 1) out in downtown Providence, R.I., and at the Quonset Point, R.I., Naval Station. All businesses were closed in the, southwestern Rhode Island community of Westerly in anticipation of the storm. The pattern of heavy winds ann ains extended as far south as New Jersey. All train service between New York anf North Jersey shore points was halted at 9:30 a.m. when winds collapsed high tension power lines near Long Branch. The lines fell across the main tracks of the New York and Long Branch Railroad, owned by the Pennsylvania Railroad and the Jersey Central Railroad. However, service was restored about an hour later by emergency repair crews rushed to the area. The Boston Weather Bureau reported that Edna was picking up speed as she spun along, racing as fast as 35 miles an hour with winds of 125-miles an hour. Yesterday she was loafing off the Carolinas at 10 miles an hour. There were indications she was moving in a more easterly direction than her younger sister, Carol, which crashed into New England, Aug.31. New England had earlier warning and was better braced than 11 days ago when hurricane Carol hit and left 68 dead and property damage of nearly a half billion dollars. Harbor Quiet In a million coastal homes people watched and waited. The Carolinas, Virginia, Maryland and southern New Jersey felt heavy winds and rain—but sighed with relief as most of the hurricane stayed at sea. New York harbor, normally the busiest in the nation, was quiet as a country graveyard. Ships rode at double anchor, crews alerted. Only ferries and an occasional brave coal barge rode the high tides in the swirling rain. Coast guardsmen, police and Red Cross officials were evacuating residents of low-lying areas on Long Island. Hundreds of others were evacuated from low-lying areas of Massachusetts, Connecticut and Rhode Island long before the storm was due. Everywhere people recalled the fury of the 1938 New England hurricane which piled up tidal waves that swept over lowlands with a loss of hundreds of lives. Atlantic City Buffeted In Atlantic City, where Miss America of 1954 is to be picked tonight, 60-mile-an-hour winds buffeted the beaches at 8:30 a. m. At that hour the center of the storm was 100 miles due east of the resort city. Air flights to and from New York's LaGuardia Field were can- MCCARTHY NEW MACHINE READS FOR BLIK'D-In Modena, Italy, electrical engineer Antonio Rubbianl, right, demonstrates his new reading machine for the blind to sightless Guiseppe Cerroni, who "reads" a newspaper with his finger tips. The machine consists of a photoelectric cell mounted on a framework, right, which transmits electrical impulses, letter by letter, to corresponding dowels on the keyboard of the reception box, left' celled. Many civilian as all military planes have been dispersed from the northeast's danger zone—some as far west as Ohio. Some trains to the Boston and /ape Cod areas were cancelled by the New Haven Railroad which de- ilined to move passengers into that danger zone. The alert extended all the way along the coast to Maine—and even to Halifax, Nova Scotia, where vessels scurried for port. Some radio and TV stations stayed on the air throughout the night broadcasting hurricane information. Negro Deaths Minnie Robinson Services for Minnie Robinson, 88, ll be conducted at 2:30 p.m. Sunday at the Zion Rock Baptist hurch by Rev. Harvey Preston. She died Monday in Osceola and s survived by two foster children, Robert Robinson and Fleecy Book- r. and two brothers, John and Edward Woods of Jackson, Tenn. W. F. Cobb Funeral Home is in harge. Relax in Air Conditioned Comfort SUNDAY& MONDAY 1.12 & 13 Continuous Showing Sunday From 2 p. m. Monday at 7:15 & 9:15 P. M. A bullet at one end of town a noose at the other—and 'Delong middle Fifty Beauties Enter Final Round for Miss America Title ATLANTIC CITY, N. J. (.^—Fifty beautiful girls today entered the last round of competition to pick the fairest of them all—Miss America of 1955. While the judges went into a huddle to total up the points gained by the lovely contestants in preliminary battles, the girls aimed for that final mixture of beauty and talent which would gain the coveted title for one of them and gain her over $50,000 in awards. Seven attractive gals are leading the field at this point, victors in bathing suit and talent contests. But other points in evening gown com- petion, not yet announced, may place other girls in the select circle of 10 semifinalists tonight. Th judges, faced with the difficult choice of narrowing the field, will leave only five finalists and then late tonight one of them will be chosen as Miss America, succeeding Evelyn Ay of Ephrata, Pa. The annual pageant, which has been beset by ill weather since it opened in a rainstorm last Tuesday night, was slated to go on even if hurricane Edna damaged the shore. Convention Hall, in which the selections are made, is situated away from the ocean front. The seven gorgeous specimens of femininity who -have won preliminary contests on three successive nights are as follows: Talent division: Barbara Maxine Quinlan, 20, of Alliance, Ohio, who won last night with a selection from "Carmen." Janice Hutton Somers, 19, Miss Michigan. Heather—Jo Taferner, 20, Miss New York. Linda Maud Weisbred, 21, District of Columbia. Bathing suit division: Polly Rankin Suber, 19, Whitmire, S. C., who won last night for her shapely figure adorned in a black swim suit. Ann Gloria Daniel, 21, Miss Florida. Lee Ann Meriwether, 19, Miss California. A crowd of about 3,000—less than half the usual audience—turned out last night to watch the parade of pnulchritude pass along the stage. Rain pelting down on the boardwalk, a forerunner of hurricane Edna, held down the number of spectators. Continued from Page 1 the Army as commander at Ft. Monmouth, N. J., for cooperating with the subcommittee. Also on hand today was Roy M. Conn, who resigned as chief counsel of McCarthy's subcommittee soon after the McCarthy - Army hearings. The committee already has indicated it'will call James N. Juliana, a member of the investigations subcommittee staff. And Chairman Watkins (R-Utah) of the special committee has said it may be necessary to hear from Francis P. Carr, the McCarthy group's staff director, on whether the record of Zwicker's testimony in closed session was made public by McCarthy without the consent of the other investigations subcommittee members. One of the five main groups of censure charges against McCarthy alleges he abused Zwicker while questioning the general at a closed hearing in New York last Feb. 18. McCarthy was hunting at the time for information on who was responsible for the promotion and honorable discharge of ' an Army dentist, Maj. Irving Per ess of New York, who had claimed the pro- tec"::cn of the Fifth Amendment in refusing to answer McCarthy's questions about alleged Communist connections. Zwicker was Peress' commanding officer at Camp Kilmer, N.J. It was McCarthy's questioning of Zwicker that brough tinto the open the McCarthy-Army row that wound up in 36 days of televised public hearings. McCarthy Holds Position Under cross-examination yesterday, McCarthy held to his position that he did not abuse Zwicker and that he sought only to "get the truth" when the general, McCarthy said, "was not giving us straightforward — what I would consider honest answers." Lawton earlier this week declined to testily about a conversation he is reported to have had with Zwicker because he said he had been advised not to by Defense Department lawyers. Attorney Williams charged the Army had MO -Theatre- On West Main St. In Blytheville Show Starts Weekdays 7:00 Sat., Sun. 1:00 On Our Wide-Vision Metallic Screen AIR CONDITIONED FOR YOUR COMFORT SATURDAY . Double Feature OPENS 6:30 EACH NIGHT SHOW STARTS AT DUSK 2 SHOWS EVERY NITE! RAIN OR SHINE! STANWYCK SATURDAY ONLY Double Feature Program AND - WARD BOND-wiatAM CMING- NIVEN BUSCH Plus Cartoon "FOX & GRAPES" w/iflt 806 WATWF IOD witt SHEILA flWI • HKH MU* • LtlE T«tB3T Ml Owa fH« Tjtemnl Ownp) • Wtittoo fcr the Sawa bj JtiBtiol NMWI - BMcd uf»n ttw Imxm Jusjle Jtn Km fmtarra. • Fro*ica! 67 S*» Utznw • DincM ALSO CARTOON & SERIAL TONY CURTIS EVERY DAY HE DEFIED DEATH! •JANET LEIGH the true-life story of the master daredevil I flJTll OWL SHOW TONIGHT! Our Sat. Owl Show Starts At 11:30 p. m. eoio.tr Technicolor with lORIfl MCHER * Produced by SiORGE H[ - Directed by WRCE MARSHAIL £ Screenplay by PHIIIP YflRMH • Based on 3 booh by Harold Keltock - < PMUMOUHI PICTURE ^ Plus Two Color Cartoons: "CUCKOO CLOCK" and "HOT RODS 1 ALSO CARTOON & SERIAL SUN., & MON. Double Feature tMKft BftO*. | IddteCantor • WW. lOOfltt, >. U«H* XKNKE WtlDtMN. TCO SH£ROW«*»S*Ne* SWXSKY Admission 50c Children Under 12 Fret with Parents A UPftKT nCTlMU H*HWTA1I<X ALSO CARTOON "gagged" Lawton. Secretary of Defense Wilson, after a series of conferences on Capitol Hill and at the Pentagon, wrote Watkins the Defense Department "will encourage" Zwicker and Lawton to testify as long as they stay within bounds imposed by a Presidential order last May. McCarthy and Watkins apparently disagreed on what matters Army officers might be barred from discussing. McCarthy told the committee yesterday it is his view that presidential orders such as the one on which Zwicker relied in refusing to answer some questions at the Feb. 18 hearing deal "only with security matters, not personnel matters." McCarthy said it was his opinio Zwicker "could refuse to asxver presidential directive.b but he was not entitled to give an evasive answer or an answer that was not the truth." The Wisconsin Republican insisted Zwicker was "evasive" and guiltyiof making "misstatements," but McCarthy added he wouldn't accuse the general of perjury. WARNING ORDER IN THE CHANCERY COURT, CHICKASAWBA DISTRICT, MISSISSIPPI COUNTY, ARKANSAS Charlie Bedford (Col), Pltf. vsl No. 12,621 Lula Bell Bedford (Col), Dft. The defendant, Lula Bell Bedford, is hereby warned to appear within thirty days, in the court named in the caption hereof and answer the complaint of the plaintiff, Charlie Bedford. Dated this 10th day of September, 1954. SEAL GERALDINE LISTON, Clerk. By ERNESTINE PETERSON, D.C. Ed B. Cook, Atty. for Pltf. Claude Cooper, Atty. Ad Litem. 9/11-18-25-10/2 STRAUSS STAMP - The Berlin Post Office will issue this commemorative stamp honor* ing the late Richard Strauss. He became world famous for his "Der Rosenkavalier." Straus* is pictured conducting. Dell Methodists Plan Revival Special revival services conducted by the Rev. Alvin Murry, pastor of Searcy's Methodist Church, will begin tomorrow at Dell Methodist Church. Beginning with morning services tomorrow and continuing with 7:30 p.m. services throughout next week, special music for the services will be under the direction of Noble Gill- The Rev. Mr. Murry served as an Army chaplain in Korea for several months and formerly was pastor of the Methodist Church at Marked Tree. ' All services will be open to the public. Dell pastor Rev. Eugene Hall pointed out. DOT YOU —What is the first name and middle initial of Mrs. Little, saleslady at the NEW YORK STORE, located »n Main Street? .. Who owns the store? The more folks with whom you "get acquainted"—the more enjoyment of life will be yours. In business and in social contacts "knowing the persons BY THEIR NAMES" is most important. "LET'S GET ACQUAINTED" ... will feature PEOPLE, those friends of yours at our places of business who serve your daily needs! J ! AIR CONDITIONED BY REFRIGERATION Listen to KLCN at 10:10 a.m. and 4 p.m. for Ritz & Roxy Program Announcements SATURDAY Double Feature Program , Rdsastd thro UNITED ARTISTS ~ MADISON - DEVINE 'SECRET Of OUTLAW FLATS A WILD 8IU HIOCOK ADVENTURE SUNDAY & MONDAY u mi scrwn PI* b» RONALD MILLARand GEORGE r ROESCHEL EASTMAN COLOR.*«*.,GOTTFRIED Paramount News & Selected Short*

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