The Courier News from Blytheville, Arkansas on July 25, 1950 · Page 2
Get access to this page with a Free Trial
Click to view larger version

The Courier News from Blytheville, Arkansas · Page 2

Publication:
Location:
Blytheville, Arkansas
Issue Date:
Tuesday, July 25, 1950
Page:
Page 2
Cancel
Start Free Trial

Page 2 article text (OCR)

PACK TWO BLYTHEVIU,B (ARK.) COURIER NEW! TUESDAY, JULY 25, 1956 TlM H«twn T*4ay: Control Orcr Credit— Truman Asks Old Powers; Here's What He Would Get By JAMES MAMXJW * WASHINGTON, July 25. (/Pi— If Congrtw itvt» the President the kind of power he islted for, und it probably will, then he can: 1. Control the amount of credit you get when you w«nt to buy things on time, like autos, refrigerators, household appliances. 2. Control the amount of lime you'll get for paying off those things you buy on time. 3. Even control real eslale deals —like buying a home—by saying how big a down payment you must make. Except for control over real estate, the controls listed above would not be new. Congress gave t h e President the snme klnci of power In World War II anrt after. Warlime-ind-Afltr Power That .wartime- slid- after power was contained In a regulation laic! down by the government, called "Regulation W." Us purpose was to control credit 01 buylng-on-llnw. For example: under regulation W the government could compel people to pay up In full within 24 months or less on all hinds of credit: to make a one-third down payment CHI automobiles; to make a 10 per cent down-payment, at least, on all types of home appliances bought on time. The power of the government to set such regulations on credit buy- inn ended In June. 1949. when Congress., instead of renewing the President's power to use Regulation W. let It die. Trum»i) Seeks Old Power So, In effect, he Is asking Congress to give him back that power now. To speed up Congressional action on this, a couple of top Democrats In Congress offered bills last week. This was after the President sent his message to Congress, explaining the crisis In Korea and the Immediate need for this country to rearm. It's up to Congress to rteclde. The purpose behind all this can be simply stated: to make It touch- er for people to buy things. And this 1* why: As the government buys up m^re stuff for defense — like steel for tanks—there's less left for civilian goods, for example: less sleel for autos and refrleera tors. People With Mnncj But so long as people have a lot of money in their pockets, as they have now, they'll scramble around to buy what they can. ThU means, of course, that they'll compete against one another for scarce, or relatively scarce,-goods. The more they compete for the scarce stuff, the higher the prices go. Meaning: Inflation. The worse the Inflation, the more the damage to the whole economy and the less your dollar will buy. Some people, with cash on'hand, buy outright. Others, with less cash, buy on time. But—the I«H time you have tor paying up In full and the larger the down payment you must make, the less apt you are to go out heller- skelter and buy anvthlns you want. Brake on Inflation So this control on credit buying would be a brake on Inflation. Therell b« another brake. That's increased taxes. Congress hasn't reached the point of boosting taxes yet. It seems sure to do so. That will drain away a lot of money people might have spent for •caret goods. Taxes, though, would serve a double purpose: to heln pay for military expenses and halt Inflation a bit. (Price control anct rationing would be still another brake but the President doesn't think It's necessary lo put those controls In yet.) As for the President's request 'o control real estate deals: The government^-where It helps out home-buyers now through in- surin? or guaranteeing a loan they get from banks—already hart some controls over real estate deals, but U.S. lyes McMath-Loney Battle — Southern Primary Slate: By The Assoctaled Press Democrats In four Southern states sre holding primaries today, with national interest centered primarily on a senatorial race In Oklahoma. There, Senator Elmer Thomas, chnlrninn ol the Senate Acrlcul- ture Committee and a'veteran of the Washington scene since 1927, is trying to hold of! the bid of Rep. Mike Monroney, who lias been In the U. S. House 12 years. Monroney led Thomas in the senatorial primary July 4 but lacked a clear majority because the totnl vole was split by other candidates then In the field. This time It Is strictly Monroney-vs.-Thomas, Monronfy Campaign Monroney has campaigned in the second go-.ii'oimd with the argument that Thomas, as chnlrman of the Semite Appropriations Subcommittee handling military appropriations, is partly responsible fov the plight of U.S. forces in Korea. Thomas has challenged Munroncy's stand on fnrm legislation, a matter of much concern In Oklahoma. The other states, In brief: AKKAN'KAS—There is a national angle In the race for the nomination for governor, between Gov. Slct McMnth and former Oov. Ben Laney. Lnncy Is a leader of rinli-Truman Democrats while McMath tins supported much of the Truman program. v I'Ong in Louisiana LOUISIANA—The main race here Is for the Senate, between Senator Russell Long, son of the late Hucy P. Long, and two opponents: Malcolm LnFnrgue, Shrcveport lawyer endorsed by the major groups which oppose the Long (action, tmtl former Rep. Newl Mills o[ Monroe. SOUTH CMROM.VA—Most statewide races were settled In a first primary July 11 but two Congressional district nominations are being decided. Rep. Hugo Sims of Orangcburg faces former Rep. John J. Rlley of Slimier and Rep. James B. Hnrc of Stiluda Is opposed by former Rep. W. J. B. Dorn of Greensboro, Democratic nominations hi South Carolina. Arkansas and Louisiana mean election In effect; this generally is true, too, in Oklahoma. STEELE-COOTER NEWS 'A LVI.1: IN THE ACTION'—From the command post, over the. writhing field telephone wires, the man says "Cease fire I" Lull—but no lullaby. They don't need lullabies', this 55-mm. howitzer crew, stand- Ing off a North Korean drive. They Just Hop where they are. Some o( them are youngsters, like the sleeping kid In the foreground. They're ! bushed. Old baldy there in the center, looks like he might have been 1 through this before, lobbing lt>5's on Tojo's boys. He uses his piece of ; the "lull" to snatch a smoke. Somebody's blistering dogs mutt be j howling, judging by that pair of empty boots at right, Behind them sits another group, runny how clenn a guy's shirt stays on The word "sterling", as applied 0 money of the United Kingdon^ 1 derived from the easterlmas, nerchants In Britain in the Uth Solitary. JULY SPECIAL! Recover Your DINING ROOM CHAIRS f We Will Furnish LABOR And Your Choie* of Beautiful Hard Finished WINE or GREEN SATIN STRIPE 4 Chairs Q75 Bottoms Only / 14 25 6 Choirs Bottoms Only ONE-DAY SERVICE We Call For and Delive The House of Charm (Deal's) F>hone 619i So. Hiway 61 Livestock NATIONAL STOCKYMIDS, III., July 25. W|—(USDA1—Hogs 9000; weights laO-240 Ibs steady to .25 tower tlmn Monday; bulk 24.0024.25; top 24J5; barrows and gilts mostly steady; scattering 240-260 | Ibs 23.25-24.00; 150-170 Ibs 21.75- rugged Koiarlan* Hear Scout* Park Braden, son of Mr. and Mrs. Jack Manning, and John Story Jon of Mr. and Mrs. Ollle Story, were :he guest speakers when the Steele Rotary Club met Wednesday night. The boys told of their trip, sponsored by the club, to the Scout Jamboree at Vnllcy Forge. Pa. Out-of-town visitors were, Monroe Grain. Johnny Johnson. Matt Scruggs, Marvin Nunn, Ray Hall and clnude Bush oC Blythcville. Klwanis Cluh Ultcix The Steele Klwnnis Club met at the City pig Cafe Tuesday night. Guest speaker was tile Rev. Elmer Peal of CiiruLherfiville, who spoke on the "Importance of Little Things." Five guests from Carltth- ersville, and 'Johnny Chrlstain of Steele, attended the meeting! Linn* Install Officers New officers were Installed at the last meeting of the Cooler Lions Club. Chris WentMll. president; James Brown, first vice prcsirent; Lewis Lester, second vice president; Clnude Jones, third vice president; Tom Hopper, secretary-treasurer; Rob Rushing, llontamcr; and Floyd Wagsttr.. tall-twister.' July 27 the club will entertain their wives at an outdoor fish fry at the Haytl Park. Rehckah l#t(t Meets The Steele Rebekah Lodge No. 783 has Installed officers tor the ensuing term. Installed were: noble grand, Nora May; vice grand, Mary Rude; chaplain, Tamnr Farris; right supporter to the noble grand. Ocie Turner; left supporter to the noble grand. Ruby wells; warden. Gtaclcth Perry; inside conductor. Edna Jolllff; inside guardian, Mary McCarn; musician, Lena Chalk; outside guardian, Lucy N. Davidson; right supporter of vice grand, Penrl Knight; left supporter ol vice grand, Perma Howell; flag bearer. Louise Kluia Rild Margaret Cooke and George Cooke, Mr. mid Mrs. J. A. Boons nnd daughter, Detty .lime, . ,, . . ... . , . . Mr. and Mrs. Pntil of Tii.scnloos!i. |0 picture. It's a picture, incidentally Hint is one of the most quietly; Ala., will lenve Saturday for a tour of the western states, Including a t to Yellowstone Park and a rodeo at Cheyenne. Wyo. Mr. and Mrs. James Whatley have received word that iheir son, Charles, has passed his entrance examination for nclmillance to the U.S. Naval Academy at Annapolis, i Md. . | Mr, and Mrs. C. J.'Long of Green Bay, Wis., arc the guests of Mr. and Mrs. Wllce Curtner this week. Mrs, Harold Slrourt returned last week from a three-week visit with her husband In Annalopts. Mrt. Mr. Stroud Is employed as maintenance engineer on a bridge being constructed across Chesapeake Bay. Mr, and Mrs. R. E. I^ecr will leave Tuesday for Lake Providence, La., to sjiend a week with relatives. Miss Fairy Ann i-rieadian, granddaughter of Mrs. A. W. Jordan, and Mrs. Georgia Mnrllu, housegucst of Mrs. 1 Jordan, left Sunday for IhcJr home in Corpus Christ), Tex. Fairy Ann has been attending camp at Gamp Joyzell. 23.75; 120-140 Ibs 18.15-20.75: sows denl like this. Tlie.se yuys relax, but their rifles are stacked handily mostly .25 higher: load around 335 against tlie Irec. Leaning against tlie t»K gun, another Jce daubs at, 'i^V^in^'s- 1 "'" 1 S 4orf II" 1 '^ 4C ° ?"*• Ills nice wit)i a haiiUkercliief. S\ve;U? nlociii, Wlio knows? He's just purt (n li 50 14 50 ^ ' Cattle 1000; calves 1800; general narket on S!OK- side with relatively ittle done on steers: few good 1003 .steady at 30.00: heifers and mixed yearlings opened steady; odd ots medium and good 25.00-29.50; ovvs dull but steady; common and mediiim 1B.OO-21.0B: ccmners and cutters largely 14,50-18.50. dramatic photographs taken on the righting front in Korea, it was snapped Ijy Edwin Hoffman, NBA-Acme Newspictures staff correspondent, during a "lull in the action." only where government money is' Burton; reported, pcnrle Knight. Involved. Mrs. Pauline Cooke, Misses Vlr- But the bill now In Congress would give Ihc government control over all kinds of real estate deals: private and governmental. For example: the government, if DIE bill becomes law. can say you must make a 30 or 40 per cent down payment on a house bcf-re you can Ret a loan from a bank lo cover the rest ol the price. Sir Isaac Newton proposer! a All Korean Ciyilians Ordered Out of Fighting Zone at Toe/on jylr. nn<l Mrs. J. R. Klnninghnm aud daughter spent last week visit- tig relatives In Clarksrlale and Boonevllle, Miss. I,Sr. and Mrs. J. M. Harris and daughter were the guests of Mr. i Karris' father In St. Louis. Mr. and Mrs. Cecil Brown have | returned from a visit to Heatoii ifarbor and Detroit. Mich., and Cannda. Mrs. Alma Grissom and grand- j daughter, Lynette, spent Thursday i ^a iu Memphis. Sgt. and Mrs. Alton Man ess of fort Broiling, On., tire visiting relatives In Steele and Memphis. Mr. and Mrs. Frank Jennings have as their guests this week Mrs. A. B. Jolly of Ardmorc, Okla.. Mrs. Harold Tuck and Gloria Gean Jor- «y VVU.UAM R. MOORE AN AMERICAN ADVANCE POST TN KOREA, July 25 </Pj— All Korean civilians have been ordered out of the fighting w>ne southeast of Taejon.-; The order was aimed ,atN'Mop- ping infiltration behind American lines by Communist "soldiers and saboteurs dressed as civilians. Commntiders have directed Korean police ia steer all Koreans from villages that may become Involved in the fight ing timl to send them lo points far behind American installations. In an area once cienred of civilians, anyone in civilian clothing may be shot. The order to clenr villages likely to fall in the battle zone was given Stiminy. H;irr.is*ed by Snipers It followed almost two weeks of harassment by snipers, sabatcurs and spies, who filtered through combat lines disguised as civilians. All Koreans, nortii and south, of Avoiidnlc, CnliC., and SgL Frank Jennings, Jr., ol Hot Springs. look alike to the Americans. Soldiers .sometimes pot shot at suspicion. 1 ; white clad figures. The situation grew worse when South Korean troops were moved to other sectors and the Ameri- ctuis were left alone to fight the hordes of Reds swarming toward them. South Korean police, a (most'as badly disorganiaed a.s the South Korean army after the surprise- Snvnsiori by the Reds, proved unable to cope with the -situation. They tried to screen refugees but failed. ; Military. Jeaders decided to clear civilians the from fighting areas to save lives. Thousands Slream Out Thousands streamed south all day Sunday. To keep the highways open to military trailic they were routed over railroad tracks wherever possible. At rail terminals they were put nbonrd trains. Previously, Koreans had taken the chance of remaining in their villages with their mea»cr possessions rnther than face the rigors of the road. Many visages — suspected of Members of at leti-st otic group of .iresent-day Indians in New Me.x- co are descendants of the cliff- riwetlers who lived in what is now Bnndelier National Monument. harboring, enemy troops and artillery—have been blasted and turned. How many people stayed too long In their thatched roofed cottages Is not known. '"THAT'S THE THIRD TIME STEVE'S HIT CORD INSTEAD OF HIS "A" STRING/ Don't overload your electric circuits. When you build or modernize provide ADEQUATE WIRINS. Ark Mo Power Co. Tftu <*di*rtittmt*t rtcerttt} u-at pltltlubttl in itt'ertil lift in\mrtt»ft magtKintl riodby pecpU throughout the VxittJSt*lft m -it-earn Jet-propelled J7th Century. vehicle In the Contact Us For Tht Hcst In Wadding I'irturts FAUGHT'S STUDIO tteir Gfenrar BM| Phon* Mil Special Values 1 Used Garden Tractor ONLY 1 Used Lb. LoiS Trailer with rirt*. ONLY '149" Come In Today! Jim Brown Store 105 W. Main Call 584 Wvlhevill* 'Opportunity Land". . . is the mcssagi: emblazoned on cvtry Arkansas automobile license tag. It tells the world how proud Arkansawycrs are of their Wonder Sute. More than iOO Life of Georgia people in Arkansas... Arkansav,-yers all., .aj»ree it is a Land of Oppotv ity for diem anil for the Life Insurance Company of Georgia, too! UFE OF GEORGIA Offices fe BLYTHfVILLE District: Suite 2, Fanners Bank Building, Main Street Never Without It Popular Fighter Proves Hadacol Great 'Builder-Upper' For Athletes who also get lired, run-down because of deficiencies of Vilamins Bi, 82, Iron and Niacin in Their Systems. Orris Lee Story is a very popular figure In Wichita fight circles. JIfs gnmeness and hard punching abiHly hnvc won him the acclaim of sport writers and fight fans throughout Kansas. And it's most interesting indeed to hear this young boxer's comments nbout the great HADA- COL everyone is talking about. Hern Is Orris Lee Story's witnessed statement: "Last year I was jvist another nin-of-lhe-rnill flywciglit fighter. My coach couldn't put his finger on just what my trouble was. My best punch \vns a hard right cross, but try as I would it was falling inches short of my opponent. "Also the last rounds of a fight usually found me completely \vashcd out. my arms feeling like lead. Then last October 1 had a talk vith an Arkansas fighter lo whom I had dropped a decision, f told him I couldn't l«S him with my right because of a painful stiffness across my shoulders that caused me to pull up short of my full rcarti. He said it was probably an aching due to neuritis and he recommended HADACOL. I tried it with a lot of doubt in my mlnrf. But Ihere is no doubt today. Today I hold a stale box- Ing title, I exchanged that neuritis pain and 'all-gone' feeling for pep, stamlnn and a whnlc oi a swat—thanks to HADACOl. ' T:ike IIAOACOI. KvrrywlM-rp Orris Story continues, "If I leave town even for 24 hours to take part In a tournament, I pack my bottle of HADACOL along with my trunks, shoes, hand wraps and mouthpiece. I can't recommend HADACOL too strongly to ivtMelcs—or punching until the final bell," Re KiUr To Ymirwlf What HADACOL did and Is doing for this great young boxer— It should do for you If you are weak, nervous, run-down—hare neuritis palna or .itomnch dlji- Imbances due to l»ck of Vitamins B,, Bj, Iron and Niacin. IIADACOl. nol only supplies your deficient system with eitra quantities of these vital elements but also beneficial amounts of precloiu Calcium, Phosphorus and Manganese—so Important to maintain good health. And HADACOL's wonderful Vitamins and Minerals come In special pleasant liquid from so that they're more quickly absorbed-, and assimilated in the blood— ready to go lo >cork at once. Slart today. Oct that iconder- /ul HADACOL feeling everyone is talking about. Trial-size oot- clse suffering from neuritis tie, only $1.25. Large family or pains or that listless, tired feel- hospital size, il.50. ins that prevents a person from | o i^o. n,. t,,«._ A new day is here in lowest price cars! NOW 4 TO SEE INSTEAD OF 3 The Studebaker Champion is one of the 4 lowest price largest selling cars ! You get brakes that automatically adjust themselves e Gtare-proof "MocV light" inttrument panel dwlj e 6-cylind«r "gat-mileage-champion" engine of higher eompr*»ion e Automatic choke • Variable ratfo "extra-leverage" steering • A brand 1 new kind of coil-tpring front end tuspeniion • Luxurious uphol>t*ry • Lounge-width seat* with real hip room, leg room, head room • Tight-gripping rotary door roHhe* • Capacioui trunk e A fine choice of colon. AS iHOWN SfUOEBAKER CHAMPION 6-PASSENGER, 2-DOO* CUSTOM SEDAN $1552" Delivered in Hlytheville Staff aitJ fafti fnxci, if nny , rrfr* Convp*t*bly low pricot on olhvr 4-door »edan. S-pa*r. St telly hi do up*, * CHAMBLIN SALES COMPANY R.R. & A»h PhoiM 6888

Get full access with a Free Trial

Start Free Trial

What members have found on this page