The Courier News from Blytheville, Arkansas on April 26, 1955 · Page 3
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The Courier News from Blytheville, Arkansas · Page 3

Blytheville, Arkansas
Issue Date:
Tuesday, April 26, 1955
Page 3
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TOMCAT, APftlL 16, BLTTHEVfLLB (ARK.)' COURIER PAGE TORES Ike's Foreign Aid Program Runs Into Trouble in Senate By JAMES MABLOW Assoclited trtm Newi Auljrii WASHINGTON (AP) — Despite President Eisenhower's plea to Congress not to tarn- pet with his foreign trade program — it barely squeaked through th« House untouched — it'i in trouble in the Senate. . .,.,.., » • That program svhich Eisenhower calls a cornerstone in dealing with friendly countries, is running into what OPA encountered, during and after the war, while it was still controlling prkes Businessmen paraded before congressional committees to say what they thought of continuing OPA another year. One after another their story went like this: "I-think OPA is necessary and should be continued. But in my special case there ought to be an exception. . . ." Eisenhower has asked Congress to continue the reciprocal trade program, already in existence 20 years, another three years. Its purpose is to increase world trade and prosperity here and among nations trading with the United States. Lower Tariffs Briefly, it works like this: It lets the President lower tariffs on foreign goods imported here provided those same exporting countries agree to lower their tariffs on American goods sent to them. This means some American industries would have to compete at home with foreign-made goods. Various groups who might be affected have fought against tariff cuts on imported, competitive products. No later tlian yesterday Eisenhower said that to weaken the "administration proposals by crippling amendments would strike a severe blow at the cooperative efforts of the free nations to build up their economic and military defenses. It could mean a retreat to economic nationalism and isolationism." On Feb. 18 the program passed the House by a narrow margin but unchanged. Then it moved over to the Senate, where, before it ooKld go up to the floor for a vote, the Senate Mnance Committee examined it. Last week Sen. George (D-Ga), painting a picture of how nn economically strong Japan Would help offset the power of Red China in Asia, told the American Society of LINCOLN, THE WRESTLER Abraham Lincoln was noted as a wrestler in his youth and was beaten in two matches by a fellow volunteer in tile Black Hawk War, Sac Indian uprising of 1832. Newspaper Editors here: Sponsored Amendment "How can we turn back the clock to another day and say that the trade and commerce of this world, especially the free world, again should be circumvented and departmentalized to the point almost of the stagnation of that commerce? How. can we do this and yet hope all'free nations will become economically strong: and prosperous?" Also last week George, who has been a staunch Eisenhower supporter on foreign policy, sponsored in the Finance Committee an amendment tacked on to the trade program bill. It was sought by the American textile industry as protection from undue competition from imported Japanese textiles. The White House was said by some senators to have okayed that amendment. Now the committee Is trying to decide whether to approve another amendment to cut down on oil Imports. These amendments or changes in the President's program are not final unless the full Senate later approves them. It may not. But ny changes are encouragement to all senators amendments t state interests. help for more their own lOMIKATED-Julio. C. rimes has been nominated as S. ambassador to Iran. A State Deportment officer, ; wW succeed Loy Henderson. ii SCHOOL OF DANCING Owned and Operated bv Roy. E. Halscll Now Air Conditioned Opfin 10 a.m. to 10 p.m. Weekdays Saturdays 10 a.m. to 6 p.m. We will leach you all (he latest sleps in the Privacy of your own home." FIRST LESSON FREE! • Walt?, • Samba • Foxtrot •Mnmbo • Jitterbug • Riimba • Tango For Appointment PHONE 3-6391 Again . .. We ore buying TIN CANS M»*l he free of dirt, glass, (trcaw, etc. BLYTHEVILLE IRON and METAL CO. Ph. 3-8962 Moultrle & B'dwaj Power Mowers and Aluminum Screens at t New Low Pricet. E. C. Robinson Lbr. Co. Phone 3-4551 Proudly I announce My Office Now Located In (he Modern new Building Of BLYTHEVILLE FEDERAL SAVINGS and LOAN ASSOCIATION KEMP WHISENHUNT REALTOR 122 W. Walnut Ph. 3-4469 MY NEW OFFICE Located in the beautiful new building of BLYTHEVILLE FEDERAL SAVINGS and LOAN ASSOCIATION MARCUS EVRARD ATTORN EY 126 W. Walnut Ph. 3-3795 Our Compliments to BLYTHEVILLE FEDERAL Savings & Loan Ass'n. We are Proud to have contributed to The Construction of This New Modern Building BEN WHITE & SONS GENERAL CONTRACTORS 533 N. Tenth Ph.3-8111 Congratulations Blytheville Federal Savings And Loan Association on your new building ELECTRICAL CONTRACTING LIGHTING • FIXTURES • WIRING by CITY ELECTRIC CO. 109 S. Fifth Ph.3-8181 AN INVITATION... \ To Visit the New Home of The Blytheville Federal Savings & Loan Ass'n. WALNUT & SECOND STS. OPEN HOUSE WEDNESDAY APRIL 27 OFFICERS: Kimi) Craftiin, President K. C. Farr, Vioe-prejiiilent Terry, Vlcc-iiresldtnt WJ J. I'ollird, Secretary J. E, Briulcy, Director Chester Caldwell, Director . W. L. Homer, Director Other tenants of the BUILDING ARE: W. J. Pollard Ins. Agency Kemp WhiBenhunt, Realtor Marcus Evrard, Ally, History of The Blytheville Federal Savings & Loan Association Blytheville Federal Savings Ac Loiui Association wafi organized In 1047, opening for business on July 1 of that year. The Association was organizMl for two reasons' First, to provide the people of Blythcvlllc with a source for long-term home loans, repayable In convenient monthly installments and hcnring H reasonable rate of interest; and second, to furnish a depositary for savings and invested funds that would provide the maximum safety together with pitylnp a maximum return consistent with the security provided. Total assets of the Association at its opening were $75,100.00. The present assets of the Association iin- almost $2,000,000.00. Dividends have been paid every .six months «intf! the founding of the organization :it the rate of 3% per annum. Since the beginning, funds have bmi Immediately available to anyone wishing to withdraw all or a part of their investment. The Association is a member of the Federal Savings & Loan Insurance Corporation, an in-strumen- tality of the U. S, Government which in.surti.s all savings and investment accounts in the Blytheville Federal up to 310,000.00. In addition, wr/inus arc further secured by the first mortgage loans made by the Association, mostly on owner-occupied homes. Savings deposited by the iuth o: any month an; credited with full interest for the whole month. 6 DOOR PRIZES! Each a $25 Savings Account in Blytheville Federal Savings & Loan Favors and Gifts for All Wednesday, April 27th SAFETY OF YOUR INVESTMENT INSURED UP TO $10,000 CURRENT DIVIDEND RATE 3 per cent PER ANNUM BLYTHEVILLE FEDERAL SAVINGS AND LOAN ASSOCIATION Member Federal Savingt & Loan Insurance Corporation Walnut & Second Sts. Open 9 till 9

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