Page 2 article text (OCR)
PAC« TWO l Debts Continue To Mount: Time Buying Blamed Credit Jumps Up 464 Million after Curbs Arc Removed By SAM DAWSON' NEW YORK WV-The debt Amer leans owe on flip things they are buying on time continues to climb It Is at a record hlt»h and ap' pror-.chms 15 blnion dollars tin Federal Rc.wve Board reports Installment credit Jumped -S6* . million dollars In May alter the board removed curbs on It. June sav, another jump of 553 million dollars and July added 321 million. Americans now owe nearly Iwo billion dollars more for their on-lhc-culf purchase ibmi i.|i«i. dM q y,, nr , Increase Slmus Up The recent sharp increase In time buying shows up tn other ways than In Federal Reserve statistics. It accounts for some of. the Improvement in retail tales of 'urnltiire. apiili- nnces, nnd autos—to the delight of the retailers Involved. And the bettor retail sales volume is now workini; tock to ihe manufacturers of furniture and npnll- ances, who arc more optimistic now and predicting better days abend. But the growth of installment credit worries some In the business «wM who think 15 billion dollars is a lot of debt for American consumers to be shouldering. rockctbooks Drained The monthly payments drain pocketbooks of cash tor current purchases. And Installment debt would become an acute problem if times turned bad and workers were laid off, and thus be unnble to keep up payments. Installment credit firms, howovor "stress the argument that such credit Is the only way to provide a market lor the mass production of American goods. The argument ts based on human nature. Many people woludn't save the money needed to pay cash nnd therefore wouldn't buy the goods But when they have to meet a monthly payment or give up the car or gadget they crave, people win Bave the purchase price over the period the payments run. _BLYTHEV!LLE (ARK.) COURIER NEWS TO BKDI.V JI.-I.B.AHA.VCES-MK, America of 1953. Neva Jane Lan 8 ley (rlyht) of Macon. Qn, sva, to begin her whirlwind tour today after wlmUm; the nation's beauty title. She Is shown with Jo Hoppc Miss Chicago. Story on Page One. ,Al- IVfrejii.olo) »ravda Says Draft Dodqer Lies Way to flush Jobs, 3 Wives living in Rostov so adept at falsehoods he has managed to dodge he draft, accumulate three wive.s lid acquire various plush jobs that luted his fancy. The paper said ihe miscreant, dentllled as RevoW Krylov, did all he.se things through the following eceptions: Lying about his past he managed (LAST MILE—The nation's iteel mills will get one of the largest •crap contribution* fn history when these New York Central locomotive* and others like them are demolished and fed Into scran- . hungry steel furnacei. They will be stripped at the Lackawanna, N. Y., plan of the Bethlehem Steel Corp. The 300 locomotives involved will help produce 90,000 tons of finished steel—enough to make 15.000 light tanks. wns n graduate of Novorossisk Poly- Icchnlcal Institute ,he got himself exempted from military duty. OfvliiK various versions aliout his background, he Ret positions as lil- erai'j critic on a newspaper, expert in an electric clock factory and leader of R group of pioneers Into new territory. The pay-off CRITIC, Komsomol Pravda said, when be claimed he was a member of the Komsomol Young Communist League. This led to Ihe Investigation that unmasked him. Slippery Words Bobbing Up In Talk of Presidential Drive TUKSDAT, SEPTEMBER », 1951 B.v JAMES MAKLOW WASHINGTON </P,-Some ol the slipperiest words in the language keep bobbing up In discussion of the presidential campaign left, right, cenicr, conservative, reao tlonary. The trouble k getting any two people to agree on the meaning. To an American whose emphasis on property right and whose re- nard for civil liberties Is not acute, unless his own arc In danger.,the Communists are on the extreme left because they want government ownership of property. But to the man who considers freedom for the Individual, to inquire and criticize, the most priceless possession of mankind, the Individual Is nothing—Is on the extreme reactionary right. And Stalin, who would like you to believe him quite progressive may look upon the Democrats and Republicans as realty only one, big ultra-conservative party under two labels. What Time Can Do What time can do to a viewpoint Is shown In the attitude toward some of the New Deal legislation like social security, the wage-hour law. and TVA. Kven in thn New Deal hey-day some people thought Franklin D Roosevelt was strictly a highly conservative country squire who was Oldest Life Insurance Policy Found in Iowa DBS MOINES. Iowa IK'> — Charles H. Hutsonpilter, 07, who took out his policy in 1868 when you had to get special permission to make the "hazardous trip" to California, has been recognized as own- T of the oldest life insurance policy in force in the United States Futsonpiller said his fa t li c r iSht him the 1,000 10-payment Northwestern Mutual Life Insurance Policy when he was 14 on the promise he would never drink liquor. He said he never has. The hand-written policy contain- cda special clause granting permission to travel to or from California. Klltsonpillcr has taken advantage of the clause several times. In the 83i,4 years the policy has been In force, dividends have totaled $578. Premiums totaled $340.00. The policy will mature when Hut- sonpillcr reaches 100. NOTICE In thr Chancery Court for the Chlckniaivha District ot Mississippi County. Arkansas. Oeorgc Richardson, ptf. vs. No . i2,[05 Ruby Inez Richardson. Dft. The defendant Ruby Inez Richardson Is warned to nnpenr in the chancery court within thirty days nnd answer the complaint of the Brothers Serve Together WITH THE U. S. 3RD DIVISION, Korea (/PI—Three brothers- all privates first class—are on the Korean battlefront with the G5th 'Puerto Rlcan) Infantry regiment. They are Reuben Martinez, 20 Alexandra. 21, and Talmero, 23 ol Isabela. P. U. plaintiff George Richardson. • ,' Witness my hand as clerlt pf.jnlli court, and the seal thereof,'on this Hie 8th dny of September, 1052. Harvey Morris, Clerk School '-can be more fun, angel in our He knows wlio has Ihe cleanest, freshtsl ivush in lovvn . . . who ia satisfied with half- • way, old-fnshionL'ri melhods. flow do you rale? Do y o u know our delivery man? We think you should . . . for he can help you to a new way of living. Let him lake washday drudgery out of your house ... let us show you the results of professional laundry service . . . and you'll look forward lo his visits every week! Blytheville Laundry-Cleaners Phone 4418 Triendly -. There's fun afoot, excitement ahead Crmlrl ,h, r f I 8 wea ""ST Friendly Shoes. Could that be you, angel? Definitely, if you like never toolfs'lu'r* SlyleS thnt • ys ' ook sec thcm -shoes'for gf,| s 'going £]««£ ovrM b&cAt X-Ray Fitting Assures Longer Wear - Added Comfort merely trying to bring the country abreast of the time with a few milrl remedies against disaster. But PDll and his whole'Neiv Deal were looked upon as national disasters, all by themselves, by those who were allergic to change. They called the New Deal socialism, which te another nlippcry word. Both Accept New Deal Now both political parties accept the New Deal legislation as something not In dispute at all In this campaign. And both Gov. Stevenson and Gen. Eisenhower have pictured themselves as pretty conservative fello-.vs, both claiming the middle of the road as their special province. As the campaign goes on. though, Stevenson, as the result of pressure or developing conviction, Is taking positions closer to (hose of President Truman while almost painfully trying to show he's not In Truman's pocket. -*- DAREDEVIL DRI V ERS-"Lucky" Lee Lotfs Stunt Stars will present two performances at the Northeast Arkansas District Fair here next week. The auto stunt drivers will appear in front of Walker Park grandstand next Tuesday and Wednesday nights. Both performances will begin at 8 p.m. Shown above Is one of the stunts from the show. There will be 20 stunts performed, Including the "Autobomlle Roll- Over." "The Ice Wall Crash," "The slide for Life" and "The Race of Death." Chemists Get Smuggled Opium from Singapore SINGAPORE (/Pj—Opium confU- catcd In Singaport Is sent to tht Crown agents for the colonies in London for sale lo manufacturing pharmaceutical chemist*. List year 8.000 pounds of the dnif was seiMd by Customs Department officers .the 1851 report of the Customs and Excise Department Mid. Despite continued activity against opium smugglers and keepers of opium-smoking saloons, the smok- lr.« of opium was still rife in Ifr* colony, the report said. 92 Years in Same House BROWNSVILLE, Tenn. W) — A century-old house, built of Iog» hand-hewn by her father, has always been "home, sweet home 1 ' to Mrs. Laura Cornwell. Tor all of her '"1 years, Mrs. Cornwell has lived in the house. 8h« was born, reared and married then. And there she'll remain, she says, until she dies. "I always felt home was the place for me. I had rather be home than anywhere." Coleman automatic oil heater with 3 extras Makes and moves heat through 3 to 4 rooms. Dependable heating perform. ance with Low Draft Burner-Big Heat Exchanger - Directionaire Blower - other Coleman features. A model for every purpose, one for every purse. All streamlined beauties. M*jWtflJ or mow PRICE MODEL 873 (above) Your golden opportunity to buy the famous Coleman heat- making, fuel-saving features at far less than you'd ever expect. For warmer floors, more comfort, heller health. $ AS LOW AS 59 95 INCLUDING TANK piece set of LIBBEY Safedge Crystal OPERATING COST with fuel-air control Automatic! It adjusts draft to high, low, or medium fire, preventing fuel waste. Saves up to 25% in fuel. Gives you more heat from fuel used. LOW DOWN PAYMENT TERMS AS LOW AS COME IN-BUY NOW-SAVE! Comfort costs so lilile wifh a America'! leader in home heafing KELLEY'S Your Friendly Shoe Store . S. LemOnS, Furniture Smart Furniture Moderately Priced"