The Courier News from Blytheville, Arkansas on May 20, 1952 · Page 9
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The Courier News from Blytheville, Arkansas · Page 9

Blytheville, Arkansas
Issue Date:
Tuesday, May 20, 1952
Page 9
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TUESDAY, MAT M, •LTTHETTLLE (ARK.) State Supreme Court Rules Out Parts of Small Loan Law as Unconstitutional LITTLE ROCK (fP)— The Arkanas Supreme Court yesterday said that any -sections of the 1951 small loan act—Act 203—which have the j effect of charging a borrower more! than 10 per cent interest are un- I constitutional. ] n two related opinions, the court j 5:ild that this Is true even though j the act sought to allow ".service! chorpes." cnmpuLsoiy insurance and If .similar apsc.^smems not openly identified as, Any o£ the:,e charges above principal which exceed the; 10 per cent maximum interest fixed by the Arkansas Constitution are Invalid, the court said. Sections Are Voided The court did not. pass on con- siimlionality of the entire art, bu£| nrrified several .sections which it J Purchase Law Ruling Brings Varied Reaction Lawsuits Predicted Following Ruling On Small Loans LITTLE ROCK I/B — Predicted nwsmts. "temporary suspension 0" and silence greeted the Fulbright Bill Said Backed by 'Big Business' CIO Official Hits At Proposed Change In Walih-Htaley Act WASHINGTON ta*\ — CIO Secretary-Treasurer James B, Carey charged yesterday that & bill before the Senate Banking committee, spoiwored by Sen. PulbrlghL <D- Ark) IB backed by "bit* business." Fulbrlght's bill would make Arkansas Nen>s Briefs— Five Charges of Liquor Law Violations Handled by Judge By Th* Awoeialed HOT SPRINOS—Five charges or liquor law violation*, pending since the February Slate Police raid on two night spots here, were disposed of yesterday by Garland Circuit Judge Floyd Huff Jr. Fines of $50 each were levied against c. A. sic van, pine Supper Club, and Wesley Foster, Southern Club. Both Stewart and roster pleaded guilty to charges of selling liquor without a license. Similar charges against four other persons arrested In the raids were dismissed yesterday. At. least nine persons previously have received fines in connection with the raid, nud charges against 12 others h«ye been dismissed. for PAJRAGOULD—Jeriy Don Perkins, who Is charged with the fatal beating of William Peebles, 70, here in March. \s u> be sent to the State Hospital (Mentali In Uttle Rock for observation. Circuit Judge diaries W. Light signed the 30-day commitment order yesterday. fiul were voic' The court dccisirms | Arkansas Supreme Court's decision conditions In plants under government contract*. Specifically naming the Westinghouse Electric Corporation in his argument to the Banking committee. Carey satri that "big business" desires to hold down southern wages. Shortly before Carev testified, the committee voted T-t AP&L to Get Quick Tax 'Write-off reversed a ; f irdini* of tlic Jot lesson Chancery i that .sections of the state's Small Loans Law are unconstitutional. Court In one ca'c nr.d of the Pii-us- ! The. hl>rh court ruled yesterday ki Chancery Court, in the other, j that portions of Act 2(13 of 1951 are T5n:h lower" covms hud held! invalid, since they permit usury u com- ! contrary to the Arkansas constitu- i'i; c!u*r'ic-r. mado londin against turning the bill over lo the Senate Lo.bor committee. Un^?r present lav,', Ihe Secretary of Lp'ior can require that conrrac- ioi-s on government jobs pay wa^es j equal to the prevailing wa^e for panie.s — and which the boi-rowersj tion. invalidate—were pramr j The decision rocked several oper-j tna under the? Constitution and Act 233. niors of loan companies, 37 of which I ,\ re ' In the Jefferson case, Frank were licensed the year the new act Winston, the borrower; Personal became effective. S. M. Harris, manager of the thnt type of work in the locality. rower! under the would file suit in Finance Company of Pine Bluff, Inc., was the lender. , Love Strickler. Southwestern Bell £»!cphone Company employe, and IP Siate Auto Finance Company of Little Rock were parties in the other Fuit. MrFiidrfin Writes Opinion The opinion in the Jefferson case, written by Associate Justice Ed McFaddin, was generally illustrative of the courts ruling In both. cases. 1 Lltllc Rock offices would suspend Winston executed a note for 5108 j making loans "for a day or two" but actually received 895,04. The j until another plan could be inau- remaining s 12.96 was listed as five j Seated, per ice charges of $7.56. Of the service charges, the preme Court, allowed only Atlas Finance Company, said he expected a rash of lawsuits as a result of the decisions. One lawyer said persons who still owed money which they bor- act, probably fin attempt to cancel the balance owed the loan companies. J. C. Evans, manager of the Public Loan Corporation, said that his •cnt "interest or $5-50 and serv-I Tnc Arkansas Division Manager i lor Quapaw Finance Company, 3 U _|CnrL W. Rude, said that his firm >» C ,UT; v,«»... — J $3 3-3, j intended to stay in business in Ar- which the company had assessed as [ Kansas and to mnke loans in compliance with the Supreme Court de- bill would require S that the labor department inter- j t the word "locality" to mean j the community in which a plant 1s | located rather than on the national or regional level. Carey quoted from a tetter he WASHINGTON—Arkansas Power and Light Company will be allowed a quick tax write-off for a portion o( construction costs of in electric power project at Stamps, Ark. The Defense Production Administration certified the project for federal tax benefits yesterday. The utility will be allowed to write off, in five years OS per cent of the total $12,750,000 coet of the project. said was written by Ralph Stuart a West in-house vice president. which he said threatened curtailment of Westinfrhouse expansion in the South unless the company ts permitted to establish a wage structure in its southern plans lower than Its northern plant wages." Agents to Honor Herbert Graves HOT SPRINGS. Ark, «•>— J. Herbert Graves, Disaster Group Okays Fund for Damaged School LITTLE ROCK—An application by the Antioch wing of the Beebe School District for S8.750 lo repair » storm-d»m»ged school building wa.s approved yesterday by the Arkansas Disaster Relief and Rehabilitation Committee. To dale, some 5350,000 has been grinted by the committee for aid to White County communities siricken by the March 21 tornadoes. McMath Backs Sen. Fulbright As Choice tor Presidency DIGNIFIED YO-YOER- SprLngtime has apparently £tirreri th« iron heart of Ihis stiilue of Swrden's King Charles XII, flnd ituhu'ed the monurrcnt, in a Stockholm pirk, to take up the fine art of yo-yoiiiR. Actually, the addition In the dignified statue was Hie work of sUi- dcnls celebrstinx enrt of icrin. LITTLE ROCK UPi — Gov. Mc- Malh yesterday came out strongly Tor Ben. J, William Fi.lbrghl ns Democratic nominee for president, "I would like to see Fulbright I nominated." the governor told his [ news conference. j McMnth said lie hoped the Ar-' k EI lisa* delegation to the Democratic! convention would be instructed to cast its volrf for lite Arkansas .senator. Thr delegation has not been selected. McMa.h previously had yaic! he would like lo see a favorite -son vote cast for Fulling).I but hh statement yesterday was st,ront?»r tlmti any he has made hpjotofoi He said the situation had changed — hut didn't specify in what respect since he [fr:;t discussed the /natter and he now belicve.s FulbriRht "mav turn out lo he a serious contpndrr." He said he believed there was a definite possibllMv that PulbriKht might «et the support of other delegations. MrMath said he did nol exprct to attend the Oeniorratio convention atid declared he would not at- trnipt to dictate to Ihe Democrat! State Committee the choice of delegates and alternates. When the convention plar It) July McMath will b* enfkf«d an active campaign for * term nomination. car rental Lo allow for an inspect,ion of Winston's furniture, offered as security, at his home near cision. Officials of Personal Finance Pine Bluff. And it served notice i Company. American Finance Com- th?.t the question of whether this]P a "y a »^ Seaboard^Finance Com- was a proper charge might be considered in later UK ie-|P nn >' ^ ith er refused or were not which I available for comment on the rul- mlght come before the court. The Supreme Court held that Ruth Ensminger and others are the owners of Garland County real estate against the claims of J. H. jthfffielti. The opinion reversed (he - rrUn« of Garland Chancellor Sam W. GarraU. Faulkner Chancellor Richard Mob- Icy wns affirmed in his ruling in a }_-.. ..n-tit/ivi rasp. When W. H. Blythe died in 1932. he owned 310 r /-,' ler his widow's death in 19-18 a suit was brought to partition the hinrl- among Blythe's three daughter, 1 ; and one son. The only disputed issue was -h ether an additional 75 acres which Blythe turned over to his ing. Slate Bank Commissioner Ed L. McKinley said his records indicate that about 4-miHion dollars had been loaned under the net. Bronze Star Winner Given 2-Year Term JONESBORO. Ark. IVP) — A 28- year-old three-time winner of the Bronze Star is to .serve a 2-yenr prison term on a federal charge of forgery. Federal Judge Thomas Trimble son. A. E. Blythe. In 1930, should be] set Robert Clyde Dixon's sentence Commissioner Arkansas Insurance for the past eight years, will be honored at a banquet of the 51st annual convention of the Arkansas Association of Insurance agents opening here Thursday. Speakers Tor the 3-day convention will Include J. R, McWiJliams of New York City C. R. SU<?h, Jr.. Grand Rapids, Mich., and J. F. Whit*, Baltimore, Md. Arkansas Will Not Get Cigaret Price Reduction, OPS States Juvenile Smoking Curbed by Police VANCOUVER, B. C. fAP>— City police commissioners recently ordered a crack-dou'ii on smoking by juvenllw, A federal act ot 1908 prohibit* smolcinp by children under 16 «nd Is authority [or police lo sei?.c ei'-i- arclles from youngsters. Storekeepers selling to children '.vithfiiil a written nolc from (heir parents may ateo fnce charges. LITTLE ROCK W)—The Office of Price Stabilization says Arkansas stnokers »re not to get a price reduction on cigarettes. The revised order, released yesterday, said that Arkansas cigA- retie dealers may continue to use prices fixed by the state's so- called fair trade law. A former OPS decision last February, which would have reduced cigarette prices by two or 3-cenU per package, called for a nationwide rollback of the price* to June, 19SO levels—itnte law* not- withsUnriinR. An Arkansas rtate law — the Cigarette Sales Act of itfti — pegged cigarette prices nt « per cent above th« basic cost to re- tuiler*. The revised OPS order said It would alow Arkansas dealers to »ell at the *4»t*'i minimum be- causer <1> it would have no substantial inflationary effect; 12) the law was not passed m an attempt to evnde price controls, and O) the commodity Is peculiarly subject to "lo«.i-lender" merchandising. The order also said that, .similar adjustments would be made in other states "if the three clrcum- sUncen, found to characterize the' Arkansas .situation, exist." that means Speedometer Repair! We *p*tbMse In firing \-4xj service on speedometer repair (or all make* nf earn and Irtckft. Drive In tomorrow — we'll help JOB ORIVK WITH CARP,. T. I. SEAY MOTOR CO. ri J •mth !>»)«• Ill JE. M»k» . Ph<M lln Humphrey to CtocJr Highway-Building Before Issuing Voucher i.rrn.E ROCK IIP,— stit« Auditor ,1. Oscar Humphrey says h« will clieck Ihe voucher »utliorli- inR payment (or new hinhKiy conEtnloUon mnp« "Tor anythinf \vhicli nmy be protested by tax- jrnycrs or state offlcUls." T"he map «how« ro^d.\ built, coiiliiicled lor and programmed the ppriod .Ian. 1, 1949, to 30. 105J. Stxle Printlnit Bryant Wilder Mid th* 75,000 4-co!or lithographed m»I» would cost the slate 15,094.14. Humphrey also said the payment voucher would he ex&mined for "in* 1 Rularities" and An Attorney general's opinion might b* sought on fta validity «A a state obligation. April Clerk The first 2,000 o( the cherry tr«s, whlrh make R famous display of blossoms each spring? in WftfchinB;- ton, D.C.. -«rc given to the city hy Tokyo, in 1913. Free Picture Of Your Catch Jn*l bring; jo«r string «f our fttore and well take a ^^n.- for JOB any time •ntll I:M P.M. No rharie at all. G«*« ta«k you on j»»r Barney's Drug CAMERA RCADQCAKTIHB W. Main MffW MOM fMf WtttM tHIT—No trim chmpr hi-re. Tlilt one'* realty nrw, noi just a 1952 facr lift. For this in the Forerunner-styled, Spacr.-plartntrd Mercury — The ••r witii futort iectsre* that othen wMk (hey Hid, treated as an achnncement and con-uclerod as n part of the estate ill the partition. The chancellor held that the 193(1 conveyance was not an advancement and awarded A. E. Blythe, a one-fourth interest in the 310 acres without regard to the fact that he had received the 75 acres during his father's hfe. The daughters appealed. • Jfonke Lodged | in Jail Again FT. SMITH. Ark OP)—Jacob Alexander Yanke, 20. is lodged again in an Arkansas jail. Yanke, who was shot by an Oklahoma mfir.slml ntler c.icapins: from [ Ihe Hartford, Ark., jail, was trans-! fcrred from a Poteau, Okla.. ho.>- j pitnl to the Sebastian County Jail | yesterday. The government con- r^nded that Dixon forged his hroth- er-in-law's name to a government check and cashed it in a grocery store here in November, 1950. Dixon. who was a GI college stu- cicnt, ssiiri he had the permission of his brother-in-law, Robert J. Baugh, to cash the check. Dixon, when arrested at Midland. Tex., had re-enlisted in the army. He won the Bronze Stars during World War II- -dates M&n -foot Many religious hermits lived in the early Christian centuries who; outdid any modern flagpole sitters, j St. Simeon Stylites who lived on • a 30-foot pillar for 30 years with- ! out ever coming down Is believed i to have bepn the, first • hore. Vanke was being held on larceny charges when he disarmed two officers and fled into Oklahoma. KENTUCKY STRAIGHT BOURBON WHISKEY ALL. FULL. 4 YEARS OLD B» >OT MIMMHaW, MMU, IT COME IN TODAY FOR YOUR "PRIZE-WINNING DRIVE" Ml ECONOMY TRY THE 3-YEAR WINNER THAT TOPPED AIL OTHER CARS IN 1952 MOBILGAS ECONOMY RUN Slep up to the car lhal inaVc! others look—and ride—like years-«jro modrls. Step nnt in the car thai again won llirs Grand Swccp^lakcs f'ri/f-lhe far that has taken honrirs throe limes in three yeara in Mohilgas Kcononty Run.*. Then try to act nonr.ha.1ant. Try lo quir-t Ihe quickening of your pulse as you wing alnng on your first "Prize-Winning Hriir." See. what lhat"let'j go" r'nrminnrr ?t;linsdn« even for vixihility, especially down front and over that right front fender. I)isco\er how Mercury Don'l mtu the hlc rrTfTtllon hM, "TOAST »< TOWN" Mlih Ktl Sullivan, hunrlay evening, 10:15 to SUtfon WMCT. Channel *. engineer" have driver-planned witn folure features like, ihn hnilt.oul.from.lhc.dash Interceptor panel for finger-lip control. But mojl important, find cut what Mercury'* new lirr-v tight design — learned with a far- advanced slepped-up V-B-lias done, for halanro and handling, r'cct ihis car's ali,io<l unbelievable ground-hugging slahilily when il lounds a curve . . . how it magically snnhs out the bounce anrl jounce of unkcpl hyways . . . and calmly (lallens Ihp mo.'l challenging hill without the slightest (Inrrj ot fins. And Teel the smooth, effortless ease nf matchless Merc-O-Malic Drive". Ifs a new experience in motoring. a« ons "1'ri/e Winning Drive" will prove. Stop in lorlay and see for yourself. 'Oj>r,»i,,i,,< .».,»* STILL & YOUNG MOTOR CO. Walnut at Firet Str««t

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