WEDNESDAY, AUGUST 27, 1947 State Banks Hold Less U.S. Money $795,991,000 Drop Noted in Six Months That Ended June 30 LITTLE ROCK. Ark., Aug. 27. 'UP) — United States government deix>sits in .state supervised banks dropped $795,091,000 during the six months ending June 33. 1947. ac- corrtinR lo 'Arkansas Banking Commissioner Thomns W. Leggett, president of the National Association of Suiwrvisors of State Banks. Leggett said the decrease continued the trend started with the end of war financing in 1940. His report on assets ami "abilities "f all slate supervised banks in the u. S, and Hawaii revealed that. lotHl resources aceresaicd 5E3.334,- 8C4.COO at the close of business Juno 30. 1047. This represented a six- monlhs decrease of $803,700.000. or J>6 |)er cent and reflected a decrease in M. S. government dci^xsits. State sii|>erv[scd institutions numbered 9.6C3 and consisted of O.OT1 commercial bants and 531 muUial savings banks. Tot'il deposits amounted to $?«,- 3C5.572.0CO. of which $58.£90,830.COU was held by commercial banks, a decrease of Sl.SW.liW.OOO slnccjpcc. 31, 1S45. Deposits in mutual savings banks amounted to S17.414.G42.0CO, an increase of S601.237.0W). Demand deposits of individuals. , partnerships and corporations' amounted to $34,603,a33.000, tim c deposits by the same group. $33,05:).- 443.0CO; United Slates government dc)>osit.s. S583.0C4.0CO' and all other deposits. $8.055.652,000. Loans and discounts totaled $10.612^85,000 as against S18.4C4.430.00D on Dec. 31. 1946, representing a shai:;> h-.crea.se of $l,237,955.Coo or [i-7 per cent. Holdings of government securities continued to decrease and amounted to $43.47..608.00D on June 30. 1947. This represented a decrease of S1.575.423.00D in tile last six months. Other securities increased from $4,738.903,003 on Dec. 31, 1946. to Sf.118.CCO.COO. while cash balances with other b.inks and reserves with Fjdcral Reserve Banks decreased Irom $15.CS8.82I,003 to $14,231.403,COO in tile same period. HLYTI1KVII,U<; (AUK.) COUR1KR NIOWS Tire Tier Drowning 'Victim' Drinks As He Watches 'Rescuers' And Tfcejj Pays in Court TEXARKANA. Ark, Auj;. 3T. CUP) — A six-hour .search for n "drowning mull" left officers b[ two counties hot nucl lirod yesterday bul hnirpy that their work had nnt been entirely In vajn. Called by two youths who stuv a bout with t\u> men in It cnixslze in Pleasant Lake, the officers pulled one of the men from the water, For six hours they continued their search for the second num. Just us they were about to give up, Dopuly Sheriff O. A. Anderson of Miller County spotted n spectator perched on the opposite bank watching the .search. The spectator was the "drowned imin," who hail been -.Duelling officers from the start and who lul- mltled lie had changed his position only once — that time (o gel "another drink." The man, identifier! as Thunnan Fish of Tcxuvkana, was charged with distuibtns I he peace and fined $25 In Justice of the 1'enco court, Official Soys Arkansas Forest Fires Were Set LITTLE ROOK. Ark., All£. 27. (UP) — Fred Ling, state forester, said today that 20 of the 33 forest fires burning .over I.OCO acres of Arkansas timberland yesterday were of incendiary origin. He did not elaborate upon the cause of the fires. The worst damaged area was in South Calhoun County where Lang said all of the fires were maliciously set. Second hardest hit was the Stamps area between Camden, Hope, Magnolia and the Louisiana, state line where 500 acres were -burned over.," ' V,ho says Ihc WAA doesn't know how lo sell sluIT! With S3 500000 in war surplus lo unload at Port Huencme. Calif., they promptly piled up tn-es of many sizes, look a picture, and now you know about it. For further information about Kranccnc Lantcri, on toil, sec your local surplus center. Bread Lines, Slums, Ignorance Termed Root of Communism WASHINGTON'. Aug. 27. (UP) — 'America must yet rid of bread lines, slums, ignorance and racial discrimination, as well as "foreign influences" if it would cut out the roots of Communism in the nation, the Republican open forums declared estcrday. Tlie open forums announced a nationwide campaign of discussion and education en the subject of Communism beginning Sept. 1. Forum groups in 31) states wilt be canvassed on their opinions of how to fight. Communism. Results will BO to the press an/1 Republican i:arty leaders. The magazine "Cross Section." publication of the open forums, announced the fall campaign on Communism and urged forum groups to study all available literature on the subject. •At the head of its announcement, cress section .printed a cartoon showing Communism as a weed with roots labeled "bread line." "slums," "ignorance." "racial discrimination' 1 , and "foreign influence." It was captioned, "lets get at the 1 roots." '' In articles in the mayazina, launching the discussions. Sell? \Vayne Morse, R.. Ore., urged the forums not to play into the hands nl "genuine Communists" by "frantic witch-hunting and blatant) Hcd- baiting." He said "failure to distinguish between the genuine Communist and the genuine liberal contributes to the effectiveness of Communist or- Sen. Edn-nrd -Martin. R., Pa., declared that Communism's real motives are "hidden under a cloak of false patriotism or social welfare, so-called liberalism or humanitarianism." "Everyone who embraces the pliil- csophy of Communism forfeits the right to call himself n loyal American." lie said. Clarence -A. Peters, executive director of the forums, said they will seek 'to find flow much communism (here is in the United States, its purpose and potential power. They will also include studies of Coni- munist-dominaled organizations and "fellow-travelers." Cross Section listed the American Labor Party, the Civil "Rights Congress. t.h/!..£ta.ti-:uial Vptcra:w CorS"" mittce anrt : the National Council of » « O OLE SOL * CAUSED IT ALL! The l>res(Mil scigc of liol weiUhui- li;is increased tin: UKU of icu l,y Lhrce tiintK the normal demand in Ulylhcville and vicinity. l-Jcciuisc of Lliis, oui- jilant machinery has bcon iTinniii K U, cajiacily. This cxtraonlinary .strain on our machinery resulted in Lin: bttniitijr o ,,i ,,|' ., |. lr} , c ( ( o j. SL .| cnjfinc power unit at our ice house on North Hijjhw;:/ 01. 'Ihi.s unit has now been replaced and we are ajirain reacliiu K full ire production. \Vc hope lo fill tin- increased demand very .soon. Our company has completed plans to double the .sixe of the ice house on West Mam Street, and lo triple the size of its ice house at Stcele, Mo. We feel that the enlargement of these two ice houses will be sufficient to care for the ever increasing demand of this area. ARKANSAS > ICE & STORAGE CO. North Highway 61 W . Main St< Phone 2841 ) " 1 " 01 '- W| H on Ihc 9th day ot Kepi. 1.H7. offer lor sale nl thu south door of the court house, In the City or lllythevllle, Arkansas, ut public auction, to tho hlfliest bidder on nedli of three monlhti ,» one-fifth d-S! Interest In uiul to tlK- fidlowhuj Ui»(ls ueluiMjlnt; to said minur to-wi| : one-fifii, d-si interest In Ixil I'""]' <•!>. J. w. Undor Addition to the City of lllythevllle. Arkansas. Tills Mile is tniule pursuant to an order by the I'robate Court on Ihc 12tli day or Aususl, HH7. for the pni'i)o.se of reinvesting ward's Lost ot Army's Worses Swapped for Vch-clcs WEST POINT, N. Y., Alt;>. i'l.— lUPI'the Army Mil rendered completely to tin 1 mechanized era yes- lerday and planned to convert the .stables at Ihc U, .S. Military Acr.- clciry into a giii-iiKi'. The l:isl of ihe horses at the A-ja- demy were auctioned off bv thu War .Assets Adm!m.-;iralion Monday. 'I h« lio iinmmh including Ihe five which drew Ihc caicson in Franklin 13. Roosevelt':; Inneial cnrte"C brought a total of $7,835. about "la per cent of their oii^iiuil cost. IN THi; l>»f)KATK C'OUKT FOR iMISSISSIIMM COUNTY. . ARKANSAS CHICK ASA WKA DISTKICT funds. I'uvchiiscr nl such salu will be rrqulied lo ijlvc note, npprovcd security, for the purchase price. You me hereby further notified (hat the Interest of all olhcr holts of I he o. c. Wndley K-ilulc are of full ape Find will execute warranty deed to the purchaser for their inleresl In and to said above described linub. Dated [Ills the 19 day or usl, 1017, Virginia Mayo Chiiirdlan 8-20-27 Are You Interested in tb"e LATEST DEVELOPMENTS in TIRES that OFFER Yojt MOR for Your MONEY? .- A uranium ore, recently'named Ghtrkoile, was discovered near Spruce, N. c. PAGE SEVfclN 'O.'d Faithful •• geyser;• lo T*Uo»- stcnB national park,, shoot*'to s height of from E5 to. ISO' feet ' Notice is hereby given ;:,al tlicl . l !"!!"' Sly '"'' i " s «'" l «liaii for (he I """' Wudlcy, a I As a re.iult of lh« experience Caincd in building thousands upon thoiLiauda of Military ttrcit for the war. our factory now offcr.i you a ttrc designed especially to meet your 1'OSTWAll driving needs. To make absolutely mire, that tills tire would meet every requirement of ttic hind of driving; yon NOW want to do, It has n«cn mibjectcd to more than iy. Million Miles ot road testing, heavily overloaded and ut sustained speeds of BO to CO mllM per hour. It will b« a plea-sure to show you these thoroughly POST- GATES TIRES and the record of what they have done and arc now dolmj for our customers. SH ELTON MOTOR COMPANY U!) Wt-sl Ash St. |M,o, u . .|:i,H SCHENLEY LEADS IN AMERICA'S FAVOR Sftnny Morning Flavor t$ the reason SUNNY SAVS i for pitatun t Schenfy 6eats tf* 6atd t that Sunn* Maminy ftawr't ytandt New RAYON CORD in Gav»j Tires > w In AI.l. ck Tlri>« anil in I" 1M IKIT Cir n. Vuu will havn II In AM, dele. SCHENLEY A Sfhentey • MakolMerll'Ffailatt Complete Three Rooms ^ VERY ATTRACTIVE WNfiTTE THE LIVING ROOM IS STUNNING ^^^^^^^^M^ JHE MO DERfcBlftRO^IS A BEAWtY l''or the hvini; room you receive the all .spring lillctl •i piece living room suite, a beautiful occasional chair or rocker. 2 matching end tunics, a cocktail table, 2 la hie. lamps, a seven way floor lamp, beautiful picture, and 2 throw rugs. 12 pieces—the living room complete. For the kilrhrn yon rrrciw a live burner upright oil slcivr, a beautiful livt- piece Pnrcclriin lop breakfast set and a large I'orcclnlll top kitchen cabinet, the kilrh?n complete. Tor the bedroom ymi receive the four piece bedroonV suite, heavy r<ii] spring, plated fell mattress, a 3' piece vinilly set, a beautiful bed spread. 2 feather pll^ Inws, n throw nip and a beautiful boiulmr chair, 14 pieces for a perfect bedroom. Sec this Home Outfit today, and you can purchase on Wade's Ensy Terms. ig Special in Chifforobes Smartly designed ehilToroTjc lhal can be supplied In Walnut, fla.s full-length hangim; compartment, hat compartment and drawers. An Efficient Oil Heater Ur.MKiied I') i:ive you n greater amount of hral. for your fuel dollar. And i;oud-looking, too! Here is ;< real, dependable value In an ull healer. $11950 Kitchen Cabinet Ixjl.s of storage space. Has metal lilting flour bin, bread IKIX. pan rack, modern hardware, sliding porcelain top. Ha.s lota of eye-appeal. $5450 W AI)F Furniture Company A •§ mJ Jkl " More * or Your Montr All (he Tim*"
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