The Dispatch from Moline, Illinois • 7

Mollne-East Mollne, HL THE DAILY DISPATCH: MONDAY, JANUARY 3, 1955 Business Expects Congress To Be Kindly, Not Indulgent By SAM DAWSON the Union message Thursday will ions who fear that lower tariffs will mean more unemployment NEW YORK Business has pleniy at stake as the new Con Rflonday, Tmesdmy, Wealiiesieay Mosmey Severs Silver Eagle, Completely Clean, Pan Ready giv the lowdown on what the Ad here will back the dissenting busi ministration would like Congress to do for business. nessmen. At the moment, however, the betting is that the President Most business leaders expect the message to be woven from rose Junior Chess Tourney Will Be on Sunday Annual junior championship chess tournament will be held in rooms of the Tri-City Chess and Checker Club, Hickey 2nd and Brady, Davenport, next Sunday, it was announced today by club directors. Eligible are all chess players who reside in Scott County, or Rock" Island County under the age of 18, or still attending high school. The tournament will begin at 1 p.m., and there is no entry fee; The winner will be crowned Quad-City junior chess champion, and will receive a year's free membership in the Tri-City Chess and Checker Club.

Entrants should bring chess sets and be on hand wili get the power he asks. Agriculture Secretary Benson's flexible farm price support pro gram will be under fire, especial ly from dairymen objecting to a gress opens this week with decision- upcoming on taxes, tariffs, lair trade laws, flpxible farm price supports, public -ousing, foreign aid, minimum wages and unions and the antitrust laws. Most businessmen expect that, on the whole, Congress 'will deal with them kindly although not granting them all that many of then would like. In Wali Street stock traders are betting that the "be kind to busi-ress" climate will hold. President Eisenhower'! State of 75 per cent level for their products.

In the food processing industries, however, the expectation is that Congress will uphold Benson. The proposed boost in the min 31 to 4 pound sizes imum wage from 75 cents to 90 cents an hour or to Jl, as some colored threads. T-e one big bogey Is the threat of the rising unemployment. And industrial leaders understand that Washington Is counting on the business pickup to hold the total around the present three million mark. The President's proposal for a hrge federal highway building wheme is regarded as the most liken spur to business in general tha: the coming session may enact.

The tax decision likely will go against business. The corporate income tax rate is due to drop from the present 52 per cent to 47 per cent April 1, and a number of excise levies are due for a slicing then, too. But the congressional cards are apparently stacked for the continuations of the present rate foi' another year. in Congress suggest would hit only a few Industries, but it would hit some of them hard. And they elahn it would mean higher prices at the club at 12:45 p.m.

Sunday. on their products, where labor Annual meeting of the club will be held Jan. 16 at 2 p.m. A president, two vice presidents, costs are the chief A Congress sympathetic to busi- secretary-treasurer aiiJIour dl ncssmen's problems and eager to keep prosperity rolling along is 16. L3 W- 1 rectors will be named.

The retiring president is Henry Jeffrey, Rock Island. Also on Jan. 16 will be the Quad- what industrial leaders are count ing on as the new session opens. We haven't played I cards for weeks. I I Let's have a game I I'll celebrate with I i some new packs I 100 Pure, Fresh Ground Daily City checkers tournament, to begin at 11 a.m.

Winner will be named Quad-City checkers champion. Tournament directors are Clyde Gray and Hugo Kohn of H. G. Pan-Read lb. Davenport.

Stamps Stolen CHICAGO A stamp collector says his home was ransacked of 10,000 stamps over the week end with an estimated loss of $20,000. William II. Soutter, 65, told police his 40 stamp albums were missing when he returned home late Saturday night. Each album, he said, is about the size of a Chicago telephone directory. He Rath Mulberry, Full Slices- Not Ends and Pieces The tarifl battle will Involve many businessmen bitterly.

Those with goods or farm products to export will back the President's request for power to cut tariffs on I hp theory that will give other nations more dollars with which to buy American goods. Those who fear that cheaper foreign items will invade American markets will fight hard for higher tariffs, not lower ones. Some un Annual Challengers Tourney The annual Quad-City challeng Ins Jm 1 lb. Fkg. ers chess tournament will begin on Jan.

23, at 1 p.m. It will be a five round Swiss tourney, with QKCaBB lbs. reported the theft Sunday. one round each to be played on Jan. 23, Frb.

6 and 20, and March 6 and 20, beginning at 1 p.m. each date. Stock Up Now At This Low Price! Golden Bantam Cream Style All chess players of Scott and Rock Island Counties are eligible to participate, regardless of whether they are members of the Tri-City Chess and Checker Club. Trizes will be awarded to the top three winners, who will engage in a double round rob-In tournament with Karl Wieg-mann, Rock Island, present Quad-City champion. Winner of the round robin will be the new Quad-City chess champion.

There will be a $2 entry fee, plus a $2 forfeiture fee, which is returnable when all games are played. Melvin D. Matherly of Eetten-dorf will be tournament director. Eojnj 9 CL3 Deposits Made to Savings Accounts Through January 13 Will Draw interest from (o)e IIo. 303 cans Rock Island Man Faces Charge of Careless Driving Robert N.

Overton. 39. of 2S18 5th Rock Island, was ar-! rested early yesterday morning by 1 Moline police and was booked for careless driving after his car cjy EQ crashed into a telephone pole at 12th St. and 3rd Ave. Overtoi' was released on his Interest wilt be computed on savings deposits made during the first 10 business days of January, as if such deposits had been made as of January 1st.

Member Federal Deposit Insurance Corporation driver's license pending a hearing tonight in magistrate's court. According to a report filed with police, the Rock Island man was South American Green Tip, Perfectly Ripened Golden Fruit driving west on 3rd Ave. when his Popular, Healthful, Easy To Eat! rf A. automobile skidded on the icy pavement and rammed into the pole. It was undamaged but the auto mobile was.

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