The Courier News from Blytheville, Arkansas on May 18, 1953 · Page 3
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The Courier News from Blytheville, Arkansas · Page 3

Blytheville, Arkansas
Issue Date:
Monday, May 18, 1953
Page 3
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MONDAY, MAY 18, 1953 BLYTHEVILLE (ARK.) COURIER NEWS PAGE THREE Excess Profit Tax Vicious but Should Be Kept, Taft Declares By JACK BELL WASHIHGTON (AP) — Sen. Taft, <B.Ohio> said today that the excess profits tax is "vicious" in some of its aspects but probably should be continued temporarily to provide revenue needed toward budget balancing. Taft, the Senate majority leader, said in an interview he feels the tax generally reaches big business firms most able to pay, although he added there is really no equt table way of defining "excess profits." "While it is a vicious'tax in some ways, .it provides revenue that we need badly and it probably ought to be continued temporarily," he observed. The tax, reaching a maximum of 68 per cent, is scheduled to die July 1 unless congress acts to continue it. The levy now raises about two billion dollars in revenue yearly.. Taft J said he does not know whether President Eisenhower will call for continuation of the levy in his radio report to the nation on security, economy, budget and deficits - tomorrow night, Eisenhower has said federal revenue should not be reduced until a balanced budget is in sight. The President plans to discuss the same matters tomorrow morning at a White House conference Commodity And Stock Markets— New York Gotten July Get . Eec . Mch Open High Low Close . 3417 3429 3408 3412 3390 3390 3398 3399 3400 3409 3378 3385 3392 3385 3389 3396 New Orleans Cotton July Oct . Dec Mch Soyb May July Sept. Nov. High Low Close 3416 3425 3392 3401 ,3390 3400 , 3399 3410 3405 3381 3386 3393 3410 3384 3387 3395 cans Open High 301% 302}J 295% 296 277 !i 278 267 7, 268-X Low 301 2341,4 277 li 26771 Chicago Corn Open High Low May . .. 157-J.l 158% 157?i July . .. 160V1 160!'. 160% Chicago Wheat Open Hijjh Low May . ..215 215% 214% July . .. 21414 214% 2135 Close 302 295 277'Sl 268 V- Close 158 160« Close 215(4 214 with legislative leaders. Taft said it is his judgment that unless Eisenhower recommends specific tax action, Congress is unlikely to continue present high levies. He indicated that if the President merely cites the need for rev- nue and leaves the solution up to th lawmakers, »little if anything will be done. Not Political Matter Sen. Sparkman (D-Ala.) the 1952 Democratic vice presidential nominee, said in a separate interview he believes many Democrats would support a direct presidential recommendation for continuation of the excess profits levy, at least until Jan. 1 when a 10 per cent cut in personal income taxes Is scheduled. "I don't believe this is a political matter at all," Sparkman said. "Congress ought to weigh what the government must have in revenue against what it must spend end let that be the guiding factors* "I don't like the excess' profits tax at all and I would like to see it expire, except for the practical problem of maintaining other taxes at high levels in order to get revenue." Sparkman said he doesn't think the Republicans have "any more chance of balancing the budget in the next fiscal year (beginning July 1) than I have of flying to the moon." Taft made no claim for budget balancing in that period, but said he agrees with Secretary of the Treasury Humphrey that the nation can reach the "break'even" nt by about July 1, 1954, when its revenues should equal its spending. , . This would pave the way for a alanced budget in the fiscal year beginning then, giving the Repub- icans the opportunity to say at the beginning of- the congressional campaign that they had eliminated red ink spending. Sparkman said that if the excess profits tax is allowed to die six weeks from now, there will be "extreme pressure" to make the scheduled cut in personal income taxes elective on the same date. Senate Moves Toward Vote On Money Bill 'WASHINGTON W) — The Senate moved today toward a vote on the first of a series of appropriation bills, but a committee postponed final action on a second. On the Senate calendar for so tion was a bill to finance operation of a score of independent goveriv ment agencies during the yea: starting July 1. It carried the fate of the government's low-rent hous ing program for families with smal incomes. The House voted to ban any new starts next year, but the Senate Appropiations Committee re commended approval of 35,000 new units. Final Senate committe action ha< been expected today on another appropiation measure carrying funds for the State, Commerce ant taking up the bill, however. th< group heard a report from investigators on a subject which was noi announced. HcCOHELL (Continued from Page 1) this base to talk to the pilots. Barcus flew with the 51st on his own flights over Red Korea recently. Barcws also disclosed he grounded Fernandez Monday. Fernandez flew his 125th mission yesterday already 25 over the maximum— and had applied for 25 more. He's done enough," Barcus said. New York Stocks A T and T 156 Amer Tobacco 13 1-2 i Anaconda Copper 37 3-4 Beth Steel 51 7-8 Chrysler 76 3-4 Coca-Cola 113 1-4 Gen Electric 74 1-2 Gen Motors .'. 815-8 Montgomery Ward 61 3-3 N Y Central 23 1-4 Int Harvester 29 3-4 J C Penney 72 Republic Steel 49 5-8 Radio 25 1-2 Socony Vacuum 34 1-8 Studebaker 35 Standard* of N J 70 Texas Corp 54 1-8 Sears 58 3-4 U S Steel 39 1-Sou Pao -. 45 7 Livestock NATIONAL STOCKYARDS, 111 /B— (USDA)—Hogs 11,000; slow an Uneven; weights 180 Ibs up mosth weak with average Friday prices': 25 lower than Friday's best time: sows steady; choice 180-230 lb; 170 Ibs dov/i steady to 25 lower; • 24.50-75, paid freely for choice Nos. 1 'and 2; heavier weights in rather small supply; .most 240-270 Ibs 23.75-24.35; 150-170 Ibs 23.00-24.50; 120-140 Ibs 20.00-22.25; sows 400 Ibs down 22.00-23.50; heavier sows 20.00-21.50; boars 15.00-17.50; stags quotable 15.50-17.00. Cattle 5,500; calves 1,000; open- Ing slow although initial sales of steers and heifers generally steady; good and choice steers and heifers 20.00-23.00; few commercials 19.0050; cows opening steady; utility and commercial 13.00-15.75. I One Man Killed As Ships Collide MILFORD HAVEN, Wales (£>) — The 7,000-ton freighter Rivercrest from the Bahama Islands and the 217-ton British trawler Hero collided in thick fog near here today. The trawler sank and one man was killed. The freighter took the Hero's crew aboard. A-Test Delayed Until Tomorrow LAS VEGAS. Nev (/P)—The ninth atomic blast of the spring series has been postponed for a third time because of unfavorable weather. The predawn shot, originally set for last Saturday, is now scheduelc for tomorrow morning, weather permitting. WAR (Continued from Page I) dale, N. Y., deputy commander of the 51st Fighter-Interceptor Wing. "How they MIGs can stand the punishment I don't know," he said. "I know we couldn't stand it." Lt. Col. Louis A. Green of Lexington, N. C., was credited with downing two of Monday's string, one without firing a shot. He said swung into position behind a Red jet but before he opened fire, the Red pilot chuted from the plane. While the air war raged, ground fighting dwindled along the winding 155-mile front. Sunday, South Korean infantrymen fought in day-long clashes for a string of outposts on a horseshoe-shaped bend of the Pufchan River in East-Central Korea. ROKs Full Out But at nightfall, the ROKs pulled out under orders because of intense tied artillery shelling. The Eighth Army reported 122 Chinese killed or wounded north of Chorwon on the Central Front in lie sharpest predawn action Monday. The Reds withdrew after a 1'/2-hour skirmish at the ROK-held outpost. After that, only minor patrol clashes were reported, the Eighth Army said. McConnpll, of Apple Valley, Calif., reported he saw the third MIG crash after blasting it with 50-calibcr machine gun slugs. T saw him above me and I sneaked up behind him." he said. 'I fired into him and a puff of white smoke came from his plane. "I fired again and got some hits and the pilot bailed out. 'It's a good thing he did, because there was another one com- ng up behind me and I had to ,urn away." McConnell, a father of three, vas described by fellow pilots as 'a little wild" until he recently parachuted into the Yellow Sea and was plucked out by a helicopter. Now they say he':, settled down. Obituaries father of Stecfo Woman Succumbs W. L. Gtlllam of Lawton, Okla., father of Mrs. B. B. Goodman of Steele and brother of Mrs. C. D. Martin, also of Steele, died there Saturday. Services are tcheduled to be conducted tomorrow in Cache, Okla., with burial there. Mr. and Mrs. Goodman and Mrs. Martin left yesterday for Cashe to attend the services. RIDGWAY (Continued from Page 1) slons, 20,000 front-line aircraft, "with a large aircraft reserve," and more than 350 submarines. "Thirty Soviet divisions are located in occupied Europe, of which the 22 in East Germany constitute an ever-present threat to our forward forces," he said. As for the Western European build up, Rldgway said the goals set last year at Lisbon "were in large part met numerically for ail- forces, naval forces and for army divisions, though there was a substantial shortfall in planned combat effectiveness," These goals on land called for 25 active and 25 reserve divisions. Another 10 divisions reportedly have been planned for this year. Ridgway, who arrived here yesterday from his Paris headquarters, is making his first attempt as Europe's North Atlantic Treaty commander to talk Congress out of funds it is sort of a warm up for part of his duties as Army chief of staff, the job to which he has been named by President Eisenhower, effecWve Aug. 16. Ridgway last appeared before a congressional group in 1952 while en route from Tokyo, where he had been the Allies' Far East chief, ;o Paris, where he took over from Eisenhower as supreme commander in Europe. Slired Strong- Criticism He faces detailed questioning ,his time on the progress and pros-: pects of the NATO military buildup, which has stirred strong criticism recently in Congress. Rep. Vorys CR-onlo), a member of the foreign affairs committee, said the general's testimony may have an important bearing on consideration of administration requests for more than three billion dollars in military and limited economic aid to Europe next year. In all, Eisenhower has requested ;5,800,000,000 to continue foreign aid throughout the free world for he 12 months starting July 1. The Senate Appropriations Committee has decided to take a first land look at some of the countries abbed for such assistance. Chair- nan Bridges (R-NH) announced Saturday a two-man subcommittee via make a survey In the Par East, caving May 27, and another BUb- :ommittee will do the same in Europe later, "Deep Ncuts" in aid funds will esult from the trips, Bridges said. With first-hand knowledge, he said, be committee will not "have to ake the word of somebody else"— ,n apparent rebuke of Mutual Be- ;urity Director Harold E. Stassen. The Far East subcommittee, :omposed of Senators Dlrksen R-I1I) and Magnuson (D-Wash), scheduled to visit Japan, Korea, Formosa, Indochina and the Phil- Dpines. India and Pakistan were onsidered among other possibili- Luxora Seniors Leave Tomorrow For Four-Day Trip to New Orleans LUXORA-Schoo! is out for the Luxora High School Class ol 1953, but classes are not over. The culminating activity of two years of concentrated money-making schemes begins tomorrow morning when, with over $700 in their pockets, 24 class members leave in a school bus lor a tour- day trip to New Orleans. The busy seniors are scheduled to arrive in the Crescent City in time to view the Southern League Pelicans take on Nashville in a night baseball game. Wednesday morning will be taken up with a tour of OATIS GOOD USED FURNITURE We are now using the secom' floor of our store exclusively foi used furniture. We feel ny doing this we can serve qiir customers better In three ways. 1. We can five you more for your used furniture on new. Z. If you want to buy (rood used furniture we will have It. 3. If you want to sell used furniture we will buy U, In any of the three cases we would like (he opporiunlty ft flgurini with you. .Alvin Hardy FURNITURE CO. 113 E. Main. Ph. 2302 Wednesday Is - BVD Roads Lead to Blytheville In Prizes to Be Awarded Nothing to Buy-No Obligation Just Register at Any Firm Displaying the BVD Label (Continued from Page 1) tries where freedom of the press exists. "I found that an American reporter, trying his best to do a job as fairly as he c"ould, was not understood." His first two days of freedom were full of surprises—as well as delight—for Oatis. He got no news of any kind in prison and didn't even know that Joseph Stalin was dead or that Dwight D. Eisenhower was U. S. President. "Who Is Marclano?" "Who is Rocky Marciano?" he asked when somebody mentioned fighter who has been World Champion since last September. He was unable to comment about the recent Soviet "pence offensive" or the general amnesty for Czech prisoners because he hadn't hard about them. After a press conference before nearly 100 reporters and ptoto- graphers in Nuernberg upon his release Saturday, he spent yesterday sightseeing in Frankfurt, eat- real "frankfurter-style" hot- dogs, and stocking up on razors, soap and clean shirts for his homeward journey. In London last night, where his plane stopped briefly, he said he wrote the tunes for several hundred songs during his imprisonment. He wrote most of them on cake car- ions and toilet paper. He said his Jailers wouldn't let iim bring out the songs on cartons, 'but I've kept quite a lot oJ the others." • Oatis was accompanied home by Alan J. Gould, executive editor of The Associated Press. In pardoning Oatis, Czech President Antonin Zapotocky said he acted because of a letter of appeal Mrs. Oatis sent his predecessor, the late President Klement Gttt- wald, last November. The letter, Mrs. Oatis told newsmen on her arrival in New York, 'has been given much importance, but it is not as important as the fact that he is free." "I never gave up hope—not at any time," she said. "I know he is as grateful as I am for all the help everyone has given us." Mrs. Oatis said atmospheric conditions had prevented her telephoning her husband in Germany but that an Associated Press executive had relayed a message from him to her. Of it, she said only: "he is anxious to get here." As to future plans, Mrs. Oatis said yesterday, "I have none. Mr. Oatis is running the show." scenic and historic city sights. They then board the steamer President for an afternoon cruise on the Mississippi River. New Orleans night life will be glimpsed Wednesday night with a late tour of the famed French Quarters. Thursday will be spent on the beaches of Lake Pontchartrain. The group departs for home Friday morning via Baton Rouge and a tour of the capital. Mr. O. C. Driver, class sponsor,' and Mrs. Joe Gentry, home-room mother, will accompany the group as chaperones. MRS. OATIS (Continued from Page l) ber in her St. Paul home with a radio going. She sent the letter to the Czech Embassy in Washington and asked that it be forwarded to Prague. The embassy sent her an acknowledgement six days later. The announcement of Oatis' release did not give any reason for the almost six months' delay be- twen the writing of the letter ur.,1 the deci: ; on to release him. Mus. Oatis said she could not evaluate the amount of credit due the letter for her husband's release, "I never gave up hope—not at any time," she told newsmen. "I know he is as grateful as I am for nil the help everyone has given us." ties. When Rldgway landed at Washington National Airport yesterday he declined to comment on foreign aid. But, in response to reporters' questions, he said he saw no Lessening of Russia's capabilities to wage war. Lime LIZ— It's o mystery how a kfd can learn oil the college yells and still flunk in foreign languages. BASE 117 Negro Grade School Pupils To Be Promoted Promotion exercices for 117 sixth grade pupils of three Negro elementary schools will be held at 8 tonight in the Harrison High School Gymnasium. Miss Winnie Virgil. Turner, ele-1 metary school supervisor, will present the classes from Robinson, Number Nine and Elm Street Schools to L. D. Jeffers, principal of Harrison. Special recognition will be given members of the classes who have had perfect attendance for the term, who have been on the honor roll throughout the term and who have nttendel scool six years In the Blytheville system. Negro's Store Here Is Entered Fred Thomas' Store, a Negro establishment at 1C33 West Rose was entered Saturday night, city police reported, A few dollars worth of merchandise and $2 In pennies were reported stolen. Officers Willie Hopper and Fred Hodge said the store was entered through a side door. (Continued from Page 1) must be spent before June 30 if the Air Force is to get to keep it. There is no deadline on spending the bulk of the money, however. Col. Thomas J. Hayes, head of the Little Rock district of the Corps of Engineers, said this morning that his office still has received no directive on advertising bids. The Engineers are going ahead with design work, he said, but until his office receives a directive authorizing government acceptance of the base land "our hands are tied," Col. Hayes said. "\7y ara ready to advertise for bids, but we must have the directive first." First to be let will be contracts for rehabilitation work on facilities in existence at the base. These will includs roads, railroads, southeast-northwest runway and taxiway, boundary fence, motor pool area, salvage building, water treatment plant, sewage disposal plant and swimming pool. f-^rompt DELIVERY SERVICE Phone 4507 Hours: 8 a.m. to 10 p.m. with Delivery to 7 p.m. WOODS DRUG STORE 221 West Main St. NOTICE Notice is hereby given that the undersigned has filed with the Commissioner of Revenues of the State of Arkansas for permit to sell and dispense beer at reltail on the premises described as 411 W. Ash, Blytheville, Mississippi County. The undersigned states that he is a citizen of Arkansas, of good moral character, that he has never been convicted of a felony or other crime involving moral turpi- tude; that no HcenM to ten beer by the undersigned has been revoked within five years last past and that the undersigned has never been convicted of violating the laws of thi» state, or any other state, relative to the sale of alcoholic liquors. Application Is for permit to b* issued for operation beginning on the 1 day ol July, 1953, and to expire on the 30 day of June, 1954. Howard Bevlll, Applicant Subscribed ana sworn to befor* me this 14 day of May 1953. Elizabeth Mason, Notary Publio My Commission expires: 4-26-54 SUPERIOR COURT, STATE OF CONNECTICUT, COUNTY OF HARTFORD, THE 14TH DAV OF MAY 1953 Essie Lee Mattock vs. Robert Matlock SECOND ORDER OF NOTICE Upon complaint in said cause brought to said Court, at Hartford, in said County, on the first Tuesday of February 1953 and now pending, claiming a divorce, custody of minor child, alimony, and change o£ name, It not appearing to this Court that the defendant has received notice of the pendency of said complaint and it appearing to this Court that the whereabouts of the defendant Robert Matlock is unknown to the plaintiff. ORDERED, that notice of tnt institution and pendency of said complaint shall be given defendant by some proper officer by publishing this order in Blytheville Courier, a newspaper published in Blytheville, Arkansas once a week, for two successive weeks, commencing on- or before May 24, 1953. By the Court, Robert L. Allyn, Assistant Clerk of Said Court A true copy:— Attest:— Isaac Homelson, Deputy Sheriff 6|18-25 TRUSSES Spring or Elastic Abdominal Belli Kiity Drug Stores the one permanent specially made for your type of hair with separate neutralizer PROM oh-from ielf-neutralizing type whether ihe's 2 or 12 the new permanent specially mad* for children's stubborn hair Results of all 3 brands—Toni, Prom and Tonette—are guaranteed to be softer, mor* natural-looking and longer lasting— or your money back! Ri , ||||( $1-50 , eeh pint fan TRUE-TAGG PAINT COMPANY MAKERS OF FINEST PAINTS SINCE 1886 PROUDLY nnounces THE APPOINTMENT OF WRIGHT SUPPLY Kutson at N. Fifth St. in Blytheville AS EXCLUSIVE DEALER IN THIS TERRITORY Now you can obtain the most modern and finest in paints, as well as painting ideas developed by decorator-color specialists. You arc invited to come in and see for yourself the quality of time tested and proved True-Tagg paints. THEY LOOK BETTER AND PROTECT LONGER. Depend on your True-Tagg Paint Dealer for the best in paints—at lowest cost. Call 2239 about NO MONEY DOWN and 36 Months to Pay

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