Panama City News-Herald from Panama City, Florida on July 15, 1954 · Page 8
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Panama City News-Herald from Panama City, Florida · Page 8

Panama City, Florida
Issue Date:
Thursday, July 15, 1954
Page 8
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Page 8 article text (OCR)

PANAMA CIT5T NEWS ·Thursday, July 15, 1954 ·\VDLP-590 on Your Dial FKA Probers Learn of Another Intent 'Deal' WASHINGTON UP--Senate FHA investigators were told today a former Home Loan Bank governor, James f - Tsvohy, netted more than $45,000 after investing $60 in construction of a Columbus, Ohio, apartment projeet. "Don A. Lofu;s. former Wilmington, Del., builder testified about the Twoby transaction as the Senate Banking Committee dug further into alleged windfall profits in government-backed housing programs. Lofras said Twohy was one of the original investors in the Beverly Manor-apartments in Columbus. Lofms himself "was a principal stockholder- in the development.. He said Twohv. as another investor, bought 12 shares of stock at $5 a- share/ Jn the distribution of the difference between the amount of the 'FHA mortgage and the cost of construction Twohy got 545,759.27, he added. Asked why Twohy should get this. Lofms said he had used his "initiative to' do ?.ll possible to bring about* savings." Cards to Aid Fight Against Red Tide SARASOTA I-R--A batch of 2,100 red cards has been dropped in the Gulf of Mexico to test current movements as a move in the fight against the red tide. The cards, enclosed in plastic envelopes, were dropped by volunteers in small boats between Bradenron and Fort Myers yesterday. They will be picked up Saturday and the positions compared with those where they were dropped The red tide is a formation of tiny marine organisms which have poisoned millions of fish off the gulf const in recent years. BeFimlak Spring urns I DEFUNIAK: SPRINGS. Fia., -(Special) .-^ Municipal votes treated city.officials considerably more leniently than the rough treatment given-county .ofiice-holders in the recent cquaty-election. Whereas in the May primaries every county official who stood for re-election was defeated, in yesterday's -city ballolirig, all officials were returned by good votes. J. F. Howell,-veteran clerk, now holds a record of 28 successful campaigns without a defeat. Mayor S. M. Preacher was returnecJ for his second term, and Marshall Donaldson, who has served five terms, was re-elected. The vote: For_;mayor --. Harry Moore 408 S. M.;Preacher 497. For ''clerk' -- j.' F. Howell 563 D. G. Ray 327. For marshall _ Arthur Austin 120. John .Donaldson 621. Harley Martin 171. Councilman at large -- E. D Pinckard' 523. W. G. Wallace'sos! Ward. One --. Benuie Arnold 676. (Unopposed). Ward Two -- Aubrey Brannon 361. L. H. Hamilton 450. Ward Three'-- Glenn L. Beach 360 C. A. Boland 198. Connie Jones 131, Walter Mc- Broorn 52, Comer Ward 115. Cemetery trustee -- M. o" Warren 718. GENERAL CONTRACTOR Industrial--Commercial-H. W. SPEKKY PANAMA CITY Ingalls Says Shipbuilding Close to Death ATLANTA, July 14 (55--In the opinion of the deep South's only active shipbuilder, "'The American shipbuilding industry is near death and only decisive action can save it," This sums up a special state, ment on this industry made by Robert L Ingalls Jr., chairman of the board of the Ingalls Shipbuild ing Corp., which has its principa' yards at Pascagoula, Miss., and its executive offices in Birmingham, Ala.. The statement was issued in response to a request from Ralph McGiH', editor of The Atlanta Constitution, for an estimate of the industry's- activities and prospects. Ingalls said: "Where thousands sweated to shorten World War 31, a few work now. Today, eight shipyards in the entire United States are active, working on 55 ocean-going vessels Twenty-seven of these vessels are termed 'merchant', not 'naval' Actually, the pres-ent contracts list 20 tankers and seven marine- type cargo carriers as merchant vessels. "The Mariners, 'fastest and largest cargo carriers ever built in the United States, are designed to serve as naval auxiliaries, and the tankers obviously could be diverted to emergency needs overnight. "These Mariners, last of 35 on order, are the only vessels in the Merchant · Marine with speec enough to have any chance whatsoever to outrun even today's undersea craft. "Many plans for building these merchant ships have been advanced--from 100 per cent mortgage guarantees to simpler subsidy arrangements. While these negotiations continue, the time draws near when not a single merchant vessel will be under construction in the United States. "Mobilization goal's to build combat naval vessels and merchan ships are unofficially listed a' 900,000 workers. Less than 50,000-roughly 5 per cent of this total- will have an opportunity to use their experience and highly-devel oped skills in shipyards in 1955, i present conditions prevail. "As a shipbuilder, I am closer to the situation than most observers and perhaps realize more readily the profound significance of this decline in an industry which can affects the .lives of everyone in our country." FEATURES! anc'js Youngsiown Kitchens quality Full !·'/, feet wide 0 One-piece, e:id-r£i:s;ir.|. porcelain-enameled steel top · All-steel cons'ructic" throughout . · Pius many, many more HURRY! GIT Y O U R S FfQW WHILE THEY LAST! Monufocfurer does rxjt guoronlee delivery after August 31, 1954 103 W. 15TH. ST. YOUR NEW KITCHEN DEALER PH. PO 3-3931 WHAT A DEER!--That pet fawn in Fayetteville, Ark., is certainly giving six-year-old Marilyn Sue Carter an ear-tickling greeting. Marilyn found the small, apparently motherless animal - wandering near her home and has permission by the local game warden to keep it as a pet. Florida Spent I Than Ever Before; TALLAHASSEE, July H (UP)-The state of Florida spent more money during the fiscal year just ended than in any similar period in history, it was disclosed today. But the state still wound up with an unencumbered cash balance of $22.681,401. The cash balance was only half as much as the state had on hand at the close of fiscal 1952-53. but officials said the record 39-million- dollar building program authorized by the 1953 Legislature represented the "diiference. AH but a million dollars of the building money is still in the Treasury unspent, but must be carried as an encumbered balance since it is earmarked for expenditure this biennium. Comptroller C. M. Gay made the report on the state's financial condition as the books- were closed today on fiscal 1953-54. The year ended on June 30, but the books were kept open for another two weeks in order to pay all outstanding bills. Gay reported the state began the 1953-54 fiscal year with a cash balance of 51 million dollars. During the year, another 8164.065,511 was collected and $156,670.97 was spent. This left a cash balance of S9,- 093,000, which after deducting the earmarked building money left a free balance of more than 22 million. An unexpected increase in tax receipts partially accounted for the big cash balance. Gay s-aid. He had estimated during- the 1953 Legislature that collections would amount to^ about 155 million dollars, or 9 million less than actually was received. The Legislature used Gay's estimate as a guide in making appropriations for government expenditures for the 1953-55 biennium. No money from the "general revenue fund can be spent without specific legislative authorization. Most of the unanticipated increase, he said, came in receipts from auto tag sales and alcoholic beverage taxes. Tag sales produced a million dollars more than anticipated and beer, wine, snd whisky tax collections rose 3 million above expectations. Gay estimated that collections in the current fiscal year will amount to about 163 million dollars, which would leave the 22 million cash balance untouched and permit increased appropriations in the 1955 Legislature. Pentagon Roads Traffic Hazard, Says Engineer ARLINGTON, Va. G?i -- The h- ways around the entagon, which! houses this country's defense department, are termed "one of the most serious traffic hazards" on the Eastern Seaboard by the American Motorist, monthly magazine of the American Automobile Assn The magazine said its safety .director reported that directiona'l signs were too close to intersections and turnoffs, that the signs were made of wood and were black on white and hard to read at ni-ht. i Ic reported that the area was the scene of 139 accidents in a vear witn 32 persons injured. Heat Wave Relief Slated for Some Areas of Nation By THE ASSOCIATED PRESS The season's most extensive and most severe heat wave pushed j eastward to the Atlantic today while a cool front from the northern Rockies began moving- into the Midwest. ' But no relief was in sight for I south-central sections of the coun- ' try, where seven consecutive days of plus 100-degree heat have taken a toll of crop and poultry losses. JHeat deaths mounted to at least , 17 across the country and more records- toppled - yesterday as the sweater belt stretched from southern Texas and South Dakota east ward. Oklahoma, counted 5 heat vic- Missouri, 2 Iowa. 1 Nebraska, 1; Louisiana, 1 arid Pennsylvania' i.' The beat wave was centered in southeastern Kansas and northeast ern Oklahoma. The clay's highest official readino- was 114-, reached at Ponca Ciiv Okla., and PORIA AND CbanutV "FTsn ' Kan. Electricity-- Low Cost Servant Bedding included This suite is made of heavy, solid woods. A real buy at this special low price. Set off with polished brass hardware. · Roomy 6 Drawer Double Dresser · Large 36" Double Strength Mirror C Bookcase Bed Complete · Innerspring Mattress · Matching Box Springs · 2 Feather Pillows · STURDY · SAFE · WEATHERPROOF If Costs So Little Yet Means So Much Proper wiring and planned lighting costs no more, but it means so much extra in added comfort and better sight. Call us today for free plans. ELECTRIC COMPANY 213 W. 6th St. Ph- po 3 _ 3974 GREAT STRAIGHT SOURBQM What memories! Around and around on the ferris wheel at the old state fair. And then, a round again-of Century Club! Now, as then, respected in the best circles! Steel Set fiives the Youngster What a whale of a lot of fun they'll have with this deluxe gym value. Includes 2 swings trapeze set of rings, 2-seat sky-glide, 2 chin bars. Sturdily built with rust-resistant hard ware, ball-bearing chain hangers. CONVENIENT TERMS ROLLAWAY BED AND ^ATT! Pa* Si.00 DOWN PABCO 9x12 LINOLEUM 5 Year Unconditional Guarantee These are regular $14.95 values, with glossy printed patterns and long-wearing asphalt soaked felt backing. Order yours today! Yacht Chair only $ 3.95 Reg. S6.95 value. Canvas seat and oack. Steel frame Folds easily. 540 HARRISON DIAL PO 3-2847

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