The Courier News from Blytheville, Arkansas on September 12, 1952 · Page 12
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The Courier News from Blytheville, Arkansas · Page 12

Blytheville, Arkansas
Issue Date:
Friday, September 12, 1952
Page 12
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PAGE TWELVE Britain May Seek New 'Dollar Crisis' Meeting with U. S. By JOHN A. SCALI WASHINGTON WV-A new "dollar crisis" conference between Britain and the United Stales op- pears to be shaping up for early next spring. Prime Minister Churchill himself may fly to the United Slates then to talk with the next American president about Britain's Ideas for new moves to slrpng'.hen ttie Western world's finances. Nothing definite about the dates for any such-high level meeting has been decided upon. But American and British financial and trade experts are already busy behind the scenes exploring possible proposals for action. The present plan calls for government agencies to draft a comprehensive report summing up the West's economic problems. This Is to be laid on the desk of the new president after he assumes office Jan. 20 along with alternative proposals for United States action to meet the situation. Churchill May Come Officials here believe U likely that Churchill will want to discuss these problems personally with the next president. If he doesn't come himself, it is believed virtually certain he will send Foreign Minister Anthony Eden and Britain's chancellor of the exchequer, R. A. Butler, to talk with the next American secretaries of stale and treasury. President Truman, questioned about this at his news conference yesterday, said any such discussion would necessarily be with the new administration and that he knew nothing about it. The backstage study now going on In American government agencies seems to stem from a growing belief that America's allies may have to halt their rearmament drive unless new financial props are found lor their shaky •conomlefl. I^rHftln and France already have cut back their rearmament schedule* and American defense experts tear any further cuts In arms expenditures may seriously hurt the West's master plan for defense against communism. Step* Are Not Certain What new steps can be adopted to boMer Western finances Is not yet certain. Congress appropriated m total of *«,447,1M,750 for military, economic and technical aid to nearly 40 countries during the 12-month period ending next July 1. Altogether, nearly 26 billion dollars has been provided by the United States to friendly countries during the past four years, beginning with the un-precedcnled Marshall Plan for Western European recovery. The present thinking is that the Joreign aid program must be continued for several more years but that additional steps are urgently needed to make certain that Western European countries can put their financial houses in order In the foreseeable future. The Informal ideas that are be- feg mentioned most frequently both by American and foreign financial experts are: 1. An international stabilization fund of some two or three billion dollars. This would be set up to guarantee that foreign currencies could be exchanged into dollars, thus helping expand world com- rnerce. 2. American agreement to buy strategic raw materials such as rubber, tin, copper, and other metals on a long-term contract basis running from five to 10 years. This would Insure a steady source of dollars to foreign countries and permit them to expand production with confidence of a ready market. It would also help build America's strategic stockpile of materials set aside /or emergency use. 3. A big plan to greatly expand private United Slates investments in overseas areas. Tills might take the form of an Iron-clad government guarantee to investors for compensation in event their overseas properties are nationalized, confiscated or seized as a result of war or other emergency. 4. A,determined drive by the administration to persuade Congress to streamline American customs regulations In an effort to facilitate the entry of foreign products Into the United States. 5. Reaffirmallon by the United Stales of its dedication to Ihe principle of lowering larlffs and possible ne'.v tariff-cutting agreements wilh other nations. 6. Possible changes In the statutes of the mulll-blllion dollar international fund. This International institution has a capital of $7,300,000,000 which is supposed lo be used to help expand commerce. Many foreign countries arc disappointed wilh Ihe fund's role thus far and believe a drastic change in its function Is needed so U can achieve its objective. BLYTHEVILLE (ARK.) COURIER NEW! FRIDAY, SEPTEMBER 12, I9M Freedom-Bent Chinese Soldier Bolts to MPS in Stolen Truck PLANELESS PILOTS, MAYBE?—Predictions that the plane ot the future will be radio-controlled or a guldcd-mlssile type ot craft, meet with stoiil denial in some-quarters. The magazine, Naval Aviation News, offers a counter-suggestion for the evolution of aeronautics—planelcss pilots. A provuo of things to come is given by Ensign William Videto, aboard the aircraft carrier USS Boxer, off Korea. He lias a propeller-driven helmet, and will be catapulted off the deck by the gizmo lie's grasping. LI. A. R. Kreutz, maintenance officer of Vidcto's squadron, is ready to give him the launching signal. The fanciful bit of horseplay gave a few moments of relaxation to men aboard the carrier. PANMUNJOM, Korea dn — A freedom-bent Chinese soldier bolt- sd from Communist lines late yes- ;crday In * stolen truck, crashed through Red and Allied roadblocks, and surrendered to U. S. military police. The soldier drove about 100 road miles through Communist territory to reach the Allied lines. He started about 20 miles south of Ihe Red Korean capital of Pyongyang. The Chinese nearly ran down four Red Korean riflemen who tried to stop him as he raced his truck through the Panmunjom neu- [ral zone at 45 miles an hour. The soldier was the second Communist to surrender this week through the neutral zone surrounding the Panmunjom truce center. A North Korean security officer charged with preventing surrenders gave himself up to American guards several days ago. He walked through his own guards disguised as a sergeant. An Eighth Army announcement in Seoul of the surrender gave few Acheson Warns Against Using Force to Free Red Satellites KANSAS CITY (/Tj—Secretary of State Acheson has slapped a "prescription - for - disaster" lalwl on using force as a means of aiding countries under Russia's domination. Assailing critics of tlie administration's foreign policy as men with "their hands on the horn and their feet on the brakes," Acheson declared last night: "Our position in the world calls for responsibility, not only by officials, but by all of us. . . . We cannot dictate, we cannot tic Irresponsible, if we are to fulfill Mi« mission of leadership among free peoples." He spoke at the convention of the AFL International Association of Machinists. In New York John Poster Dulles, Republican foreign policy adviser, said neither her nor Gen. Dwlght D. Eisenhower contemplated a "war of liberation" when they recommended a different foreign policy In Eastern Europe. Tile Republican presidential nom- icc recently said the United States lould not rest until the Cooimu-. ist-domlnalcd countries of Eastern uropc nre liberated. Later he told American Legion Convention In cw York he wns advocating only caceftll measures. Dulles, In a radio Interview, lamed "President Truman's mis- itetprclntions" for any alarm Eis- mower's Legion speech might have roused in Em-ope. The speech had een interpreted by the president Increasing the possibility of war. Dulles cited Yugoslavia's wtth- rawal from Russia's domination ns SEAMSTER — Charles Sigley, 12, of Ingalls, Kan., displays an apron which won him a grand championship award in sewing at the Gray County 4-li Club Fair. As li this wasn't enough to keep the girls in stitches, Charles also woo t ted ribbon for hfe corn and wheat muffins. *f-A his gingerbread. He then took a blue ribbon for his taslr box lunch. the type of "split-offs" the U. S. should work for. He also mentioned economic measures, Internal dissension In Communist-enslaved countries and radio broadcasts. He criticized present foreign policy planning ns inadequate. Acheson told the machinists' convention: "We believe, as anyone must who shares the democratic faith, that free societies can and will IK more durable, and that ultimately they must exercise a strong attraction that will shift the balance in our favor. "Hut If through Impatience or imprudence, we are urged to seek the 'liberation' of territories or peoples by force, this advice would be neither realistic nor responsible. "If this Is what is meant by being more 'positive,' then it is in fact a positive prescription for disaster." Doug/os Praises Malaya After Tour of Nation KUALA LUMPUR, Malnya W— U. S. Supreme court Justice William O. Douglas, after one week ot his two-week tour of guDrrllla- plagucd Malaya, said he was impressed that even Communist rebels who killed without reason get a fair trial In British courts. Justice Douglas said he felt that the top command of the Malayan guerrillas was distinctly Communist In-.character. ;Whcn he returns to the United States.'Justice Douglas declared, he would tell Ills people that Malaya Actress Sues For $300,000 LOS ANGELES W5 — charging a member of a wealthy Mexican family took advantage of her "youth and innocence," actress June McCall, 11, yesterday sued Mario Parra, 32, for 5300,000 damages. Miss McCall alleged that Parra took advantage of her last Dec. 20 and that she became "shamed and humiliated." He suit said she 1s an expectant mother. ' She was divorced last May 20 by George Carl Meer II, 26, an assistant film director. He asserted she displayed "unseemly Interest in other men." Coffins Suggest Slogan For Highway Safety TJTICA, N. Y. M») — Miss Ruth Rollband thinks the traffic death- rate would be slowed down if the city would display wooden coffins In conspicuous places along main highways with this slogan painted on them: "Donf Rush to Get In.' She got the idea while on a recent motor trip. Immediately after a carload of coffins came down the road in the opposite direction she noticed the cars In front of her got Into orderly positions and promptly cut their speed. In March. 1931. Miss Rollband was the winner of a slogan contest sponsored by the pedestrian safety committee of the utlca safety Council. Her slogan, "A Careless Step Is a Grave Matter," was painted on the pavement at several downtown intersections. details. 'It was still unknown how he managed to get through the heavl- y guarded northern edge of the 'ruce corridor," the Army said. •But It Is presumed that he forced his way through by driving at high speed as he did when he entered the American sector." Crunching across the military police road block south of Pan- munjom, the determined Chinese sped across a narrow bridge, smashed through the crossbar across it and sped on. He finally stopped at the second military police check poinl about a mile farther south. It was not clear whether or not he also imashed through this roadblock. Apparently, an Army spokesman said, the Communists were not chasing the soldier and no one accompanied him. The soldier was being questioned by Army officers. Mo-Poc Moves To Drop State Rdil Sections LITTLE ROCK (fl>) — Missouri- Pacific Railroad will present its witnesses today In the state Public Servise Commission hearing on Railway Express Agency's request to discontinue service to 35 Arkansas communities. An express company official testified yesterday that MoPac's notification that it would no longer carry express shipments by truck or freight train to non-passenger train points made it impossible to give express service to the Arkansas points. N. R. Johnson of St. Louis, general manager of the Mississippi Valley Division, said his company had no alternative but request PSC authority to drop the service. Railway attorneys said other means of transportation were available to the express company. Railway Express Agency was organized in 1929 by a group of railroads, including Missouri Pacific to handle express. The agreement said express would be carried on "passenger, mail or express" train: of the participating railroads. Missouri-Pacific lias continued to handle express to points where passenger service was discontinued by its transport company trucks and freight- trains. PSC Commissioner Howard Gladden said yesterday that the outcome of the Arkansas hearing may serve as a precedent in other states, "allway Express wants to drop more mn 200 points in seven served by Jissouri Pacific. 'You Locate It/ Mayor Is Told HOUSTON (iff _ An angry wom- n called Mayor Oscar Holcombe at 1 a.m. yesterday to ask, "When are you going to move'thls dead dog from In front of my house?" "Where do you live, lady," the mayor asked. "I'm not going to tell you," she replied. "I'm going to leave It there and see how long It takes for you to find It." Methodists Choose New Board President —.The new presi- Methodist Church's CHICAGO dent of the Board of Pensions Is Bishop Ivan Lee Holt of St. Louis. Bishop Holt was elected yesterday as 17 church agencies ended a. four- day organizing session in Chicago. 'Hie pensions board, which administers more than 30 million dollars in church pension funds, has two divisions, one headquartered in Chlcngo and one in St. Louis. The Rev. Charles L. Calkins, Chicago, was elected executive sec- Cherry Hints Jobs Will Go To Newcomers HUGHES, Ark. </P) — Judge Francis Cherry is not calling any names yet, but he says the men he'll choose for important state Jobs will be "newcomers" to the government. In an Interview here last night. Cherry said the "predominant 1 ' number of his appointments will be people who have not held a state office before. The Democratic gubernatorial nominee would not reveal Ihe names of any appointees he has in mind 4 But he did single out several departments where there will probably be turnovers in top personnel Judge Cherry said that the positions of state revenue commissioner, highway director, education commissioner andi insurance commissioner are due for almost certain changes. retary of the board's vision. Missouri dU A favorite from coast to coast because it's... it was one of the free nations of the world upholding the flag of democracy. FLORSHEIM (Instorn styled for ilio mtin it/jo llic finest Among llie many men wlio pritlc lliom; solve? c-n kno*i[i|; tlic tincM iti siloed. A majority arc lifelong Ftnr^lieim customers. A great many of these clioosc the almost traditional Ml 'ing Tip over other patterns for its trim, modern lines, neatness in look and true rrjir.'trnlation of Florslicitn Quality at its beat. In all widths —AA to E Forty-nine per cent of all fatal ccidente in the U. S. in 1949 In- ilved persons In the 25-44 ag» roup. KENTUCKY STRAIGHT BOUBBON WHISKEY BOTH 86 PROOF . OLD'SUNNY BROOK BRAND KENTUCKY BLENDED WHISKEY CONTAINS 65X GRAIN NEUTRAL SPIRITS . THE CLD'SUMNY BROOK COMPANY. LOUISVILLE. KENTUCKY 406 W. Main Phone 4591 ~l Save $40-Sofa-Bed Suite Specially priced at 99.88 A smart modem living room suite by day, a comfortable innerspring bed al night—. •with comfort end construction features of nationolly-advartised suites that sell elsewhere for $139.95. Sofa becomes a com- Terras: 10% Down fortoble bed 45 m. wide with a 207-cofl innerspring mattress—no center ridge to disturb your rest. Sturdily constructed; with select hardwood frames. In durable tapestry in your choice of smart colors. USE WARDS CONVENIENT MONTHLY PAYMENT PLAN L

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