The Courier News from Blytheville, Arkansas on April 14, 1948 · Page 3
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The Courier News from Blytheville, Arkansas · Page 3

Blytheville, Arkansas
Issue Date:
Wednesday, April 14, 1948
Page 3
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r WEDNESDAY, APnn; 14, 1948 Mortgage Loan Policy Debated Federal Guarantees 1 To Speed Building Termed 'Too Liberal' By Rayniund Ijihr IllniUd PTMB staff Corrwpondent) ii^^H?~S C™ K r^ii!3L£I^ »V h^l5!tt '" to '"" Taft is co-author of the Tad- Sl Cl w?i r " W ^ ller 1011 B- r! "ige housing bill, which contains a mort,- ?&se guarantee provision ,The Senate expects lo open debate on the ! measure today. Under existing law. Ihe government, will insure repayment of 90 per cent of a housing mortgage Marrincr S. Eccles. retiring chairman of the Federal Reserve Board, old laft' s House-Senate Economic Committee yesterday '(hat - e!1 , v ! mortgage credit |, o) ,e of Ihe most inflationary factors in the domestic credit picture." Taft told reporters lie acreeri lie BO per cent guarantee Is' "too liberal. He recalled thai, as origi- "•"v drafted, the T-E-w bill call- : { for guarantees of 80 and 85 per- «nl. An amtnriment approved bv the Senate Banking Committee i would boost the guarantee to 901 Per cent. The Ohio senator said he would not attempt lo cut the figure back to the original nmoimt because he believed congressional sentiment was • overwhelming" for the 90 per cent provision. v l-ow Cost Units IS't^-iteil —ccles told the economic committee yesterday (hat government mortgage credit program! now "should be limited to relatively low- cost housing, particularly for rental housing." Rep. Wright, Patman. D.. Tex suggested that Congress might, have to undertake a program to provide more homes even if |t should be Inflationary. Eccles said tile mortgage credit provision of the T-E-W bill would not provide more homes but would merely boost their prices Tart disagreed. He said he believed the provision would result in nmiding .more houses. The T-E-W bill would allow the government to guarantee J2.000,- 000.000 In home mortgages. The measure seeks to develop a housing program providing 1 500 000 Jiew homes a year for ten years "Of those, 100.000 a year for the first five years would be public housing milts, costing the government $32000.000 after the first year and tlfiO.OOO.OOfl a year after five years Public housing provision wn s the most disputed. The Senate passed > 1-f,-W bill two years ago with a public housing provision, but it died In the House. _BLTnreVTLLB (ARK.)' The Senator Takes a Fiancee Senators Debate Farm Price Plan Continuation of Egg, Potato Program May B« Disastrous WASHINGTON, April U. ,UP| -4x?n. Srolt I.UCRS. I). III!. sa(<t t o<l«.v COIIRIVSS should Id price m»- poi'Ui for ecus , lml j, olMoC5 d|<! 0| , UPC, ol, l.ycns. x inemljor of Hi,- Senulc Agriculture Conmilltee. snld extending mandatory price smnwr'ts for those foods would hurt , h o fnrm- cr in the long run. It would mean continued surpluses "'«• only lakes Uir tannin* ,,f , [cw thousand bushels 0 ( povnloes destroy the eou(i,|e,,ce of the Labor Unions Lose Ballot Fight In Illinois Congressional Races Governor of Georgia Vetoes Speed Traps ATLANTA. Oa. (UP)—Gov. M E Thompson ha s moved to wipe out Georgia's speed traps which have given the state a black eve a.i a tourist route. Reports that tourists were being B - v l'»ul T. ™,,. Unt(«| Pr«w Staff Correspondent > CHICAGO, April U, (UpJ-Laboi- i unions lost their figlu Uxiav in (he i Illinois primary to »-|iiu congrew- i men who voted for the Tall-Hartley Jaw. j All of the state's 21 incumbent ! congressmen were renominated even ' .hough many were opposed bl la- i oor groups and all were secklir' candidacies in neiv districts under i last reapl>ortiom " e " 1 "lapped out Balloting was fairly heavy con- j sioermg th at most of the "slate- wide candidates were unopposed, ^ocal :Iglits seemed to Imve swelled the vote. Gov Dwight H. Green" was 0 "'"!'- I posed for the Republican nomina- ! turn and Adlal' Stevenson one M I Ihe: U. S. founders of the United! Nations, also had a clear field for the Democratic nomination Because of their unopposed cnii- > didacies the Democratic and Re- : publican gubernatorial votes are ex peeled to give a fnirlv clear picture of party strength in Illinois » pivotal state in next November's presidential election. Eariy today, however, only half the returns were in and they gave a distorted view became most were Irom the heavily-Democratic Coo'; County area. Labor had endorsed opponents of a " jMpiiblican incumbent con- c»ught in the trap.s and rineoThe^r" "y by county magistrates had led some Florida automobile clubs to advise tourists to by-pass Georgia. Now, Thompson has written cv- y sheriff an d peace olficer in offered by an Augusta. Oa.. motoring club to eliminate the traps. Ki'essmen except Rep. c W Bishop who was the only GOp' Republican' congrcsman to vote against til- Taft-Kartlcy law. The unions, led by the Slate Federation of Uibon had made their Ltrongest bid to defeat Rep Holla C. McMlllen in the 22nd District around Champaign. With most o[ the piecmcU rcporird today., Me- Millen apparently had won ii'haiKlv victory over the labor-backed candidate. County Judge William Stringer. Boih parties elected 52 delegatert to the national nominating conventions. Democratic candidate-, tor delegates were unopposed in ail but seven districts. The Republ-- eans had contest.'; in U districts.' The GOP delegates are expected to casi their first convention ballot for Green as the state's favori'.e son. Tlie Democratic delegation's choice probably will be President Truman although there have been rumors of p. move to drop him. Judgethip Row Headt Into Courts FAYETTKVHJJ!. Ark Am ft II <ur>-Tho shadow of ,to.Af"wiI r«s lortny on the lenity of |> le decisions handed down by M ti U clpnl Judge V. j a mes Ptlk ' "c, tn<- jHdge-eltci. Paul j» mflWI , w ™ sworn In Monday. ' s Jumeson contends llml he Is now officially munlcliml judge. wl '™ e fink contends that Jmneson does ml become' J U ,| M ,mtl| „,,,, ^ f nL! 1 ! ol ' 11 ,'' K "' l " e dl - v <•'»'»•:» following the Renernl election fhut meeting K .,u (,,, JlfW Monday. The election. In vM ~ h Jameson w »s unopixwcl. w<i« Aprs A fnyettevllle miin, found g ulliy of drunken driving yesterrtnv bv I J"< go PlAk. ),ns tmllo,|«l he will appenl to Circuit Court ,m the American i,, me whole form " support program," Lucns suld. Severnl of Luniy committee colleagues agree tl, n( , present fnnu price supports should nol be extended beyond the Dec 31 evolr atlon date. ' ' The committee Is studying n bill tor long-range farm program It would limit mandatory price supports lo wool nnti six basic commodities nnd would provide flex- blc supports for u,, Ke commodities. ERgs nnd potatoes and a score of other commolltps would no longer be guaranteed support. But the secrclary of agriculture would linvo discretionary authority to .support all Jiinn products. Allnn B. Kltne. president, of Hie American Farm Bureau, said yeler- 'dnythal If Congress falls to' pass | long-range legislation. It should icoiiliinie present supports for .another year. ] Kline's statement brought a warn, ing from Sens. Lucas, George D Alken, R.. vt.. nnd Allan J. Hllender D. Ln., that Hie farmer would get a black eye with Ihe public if present •Mini-son »nd Pink were onpon. on s in Ihe Democratic prhnnry )a,( I-fburary. Ptnk has coaleslcd Jameson s victory, charging Hint a num. Oft of mm-re.'ildeiil UnlvcrsKv of Arkansas student voted The 'casi Is pending In chancery court. Ulitls are able to express fr iwln. alarm, anxiety, rage, complaint, love, and distress with Ihelr wide IRIIBS of rail notes The white mil of tropical countries produces more than SBOOQ Sn."" 0 " l " l> ' """"« " l>lcl "»K supports were extended wllhcml production controls. Lucas said inter that If |uesenl supports are extended Ihe Ian- should be amended to ppnnll i|,e sovmnnent lo drop .supports for ijgRs nnd iiolnlops. II,. said producers of those commodities cither cunnot or will not cooperate restriclhiB production to needs. 11 No one can call you «^\ either said Dad... n \\ AT KIRBY'S Therma-Jugs - $2.95 Soft Ball, official $2.25 Tennis Balls 3 for $2.25 Bubble Bath -11b. 59c Tartan, Sun Tan - 59^ Merton Silver Polish 50c Thermos Bottles Dt $2.39 Kirbv Liver Pills - - 25* WEEK Electric Fans - $4.95 up BasebalUffkial-$2.50 Sun Glasses - - $2.49 UD JHC-KOACHKK* Oimwnleerf killer for Uwtfltes, Wilier Itugs, Ants, Silver Ftah,. Spiders, efc. P'n^ 85e; Quart. . . .$1.50. .SO-oiiRi'sji evt't made, double adion "10«8" and I'.vrollirinm. ^^ ICE CREAM JLDV WAIMNGTON, seventeen, cute, »nd popular, chK. rtCC1V " fr ° m " 27Vi - min »« trlephon. "Look," s »jd D «J, pinching her ca the chin, 'V. nave a party line. Remember?" "But I didn't hear any 'clicks,' " ,»id Judy. "No one tried tome Ihe line." "Could he," «id Dad, "hut someone might have ocen ,ry,ng to caii ,! >em - , nd ,» he contimi ^, .. dit) •«« «ver »iop to «hink: no one «n call YOU whil* )"" re using the line!" "Jeepers, you're right!" said J,, t | y . «««,"! n lh r»V? f8 ' hCrt ' S * fiv "«'i'»'« »mil.'( oS Sc ' f -P r ««v»tio n , y ou know.Ought to make everyone happy." ( An d it did!) StK d Value 6-DIAMONO DUO M25°° CH*«OI IT SIMUUTED PEARLS $5.00 Of IN AN ACCOUNT Mon'» ZIRCON KINO We it C^^ ALL THE UNUSED MILEAGE IN YOUR PRESENT TIRES. YOU'LL BE AMAZED AT THE LIBERAL ALLOWANCE ON CHAMPION TIRES Here's your chance to save money and get America's biggest tire value I Even if your present tires are only partly worn you'll gel FULL allowance for the unused mileage when you trade in on new Firestone De Luxe Champions. » UP TO 32% LONGER MILEAGE • UP TO 55% STRONGER • UP TO 60% MORE NON-SKID ANGLES FOR SAFER DRIVING . .. Always Put a Nevr ?ir*$ton* DELUXE CHAMPION TUBE M A NEW TUB :07W.MainSt BlvthevilU

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