The Courier News from Blytheville, Arkansas on December 14, 1954 · Page 7
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December 14, 1954

The Courier News from Blytheville, Arkansas · Page 7

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Blytheville, Arkansas
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Tuesday, December 14, 1954
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Page 7
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DECEMBER 14, 1954 BLYTHEnLLB (ARK.)' COURIER NEWg PAGE SEVEN Senate Committee Report on Housing Scandal Said Cut WASHINGTON (AP) — Charges that irregularities in government housing programs constituted the "worst" scandal in United States history and yielded builders a billion dollars in "windfall" profits reportedly have been stripped from a Senate Banking Committee report now awaiting publication. Sources close to the committee said this was done after banking • group Democrats blaked at sign- Commodity And Stock Markets- Ntw York Cotton ttf-M d»ot»li«!H) Dec 3434 3435 3431 3430 Men 34S1 3459 3449 3457 May 3476 34M 3475 3484 July 3475 3484 3471 3483 New Orleans Cotton Dec 3410 3414 3410 3414 Men 3454, 3462 3452 3462 May 3480 3488 3479 3487 July 3477 3486 3475 3486 Chicago Soybeans Jan ... 274"/ 2 277% 274I/, 277 Mch ... 27S 276% 274y B 276 May ... 275 276% 274'/ 2 276 July ... 274 274'/, 272 273!' 2 Chicago Corn Dec ... 15214 1531/4 152 153 Vt Mch ..: 155i4 158% 155 156% Chicago Wheat Dec ... 224 2241,2 223 223% Mch ... 225 225% 224% 224% New York Stocks A T and T 174 Amer Tobacco 63 Anaconda Copper 47 Beth Steel 97 Chrysler 67 Coca-Cola 110 Gen Electric 44 Gen Motors 91 Montgomery Ward 76 N Y Central 28 Int Harvester 35 Republic Steel 67 Radio 37 Socony Vacuum 48 Stud-Pak 12 Standard of N J 109 Texas Corp 86 Sears 74 TJ S Steel 68 Sou Pac SI Livestock NATIONAL STOCKYARDS, 111., (API —USDA—Hogs 10.500, steads to lower ;bulk choice 150-210 Ib 18.00-50; largely 18.25 up; 220-240 Ib 17.25-18.00; 240-260 Ib 16.75-17.25, 260-325 Ib 15.75-16,75; sows 400 Ib down 15.25-75 heavier sows 13.2514.75; boars 10.50-13.00. Cattle 5,500; calves 1,500; choice steers and yearlings steady at 2400-26.50; high choice steers 21.50 utility and commercial largely 9.0011.50; canners and cutters 6.009.00; largely 6.50 up;'utility and commercial bulls 11.00-13.00; canner and cutter bulls 8.00-10.00; good and choice vealers 21.00-27.00; individual head of prime to 29.00; commercial and good vealers 15.00 20.00. ing the report as originally written. But these informants also said that, despite agreement by committee .Republicans to tone down certain portions of the long report, at least some Democrats probably will insist on filing a separate statement spelling our their disagreement with other majority findings. Democrats have been given uutil tomorrow to offer additional proposals for altering the report, which now is scheduled for public distribution next Monday. It was understood the Democrats have had a draft of the report for a month. Flat Change As originally written, the report on the committee's eight-month investigation of certain Federal Housing Administration operations reportedly opened with a flat charge that "windfall" profits reaped by builders in a postwar apartment program totaled one billion dollars. The opening paragraph also was said to have claimed no previous scandal, including that of the Teapot Dome in the Harding administration and the Reconstruction Finance Corp. scandals during the Truman a d m i n i s t r a t i on approached the housing irregularities in scope. The Banking Committee's housing probe—-paralleled by similar investigations by the Justice Department and by FHA' parent, the Housing and Home Finance Agency—began last April. Centered on Apartments The alleged irregularities involved both the apartment construction program and a home improvement program, both of which used federal insurance of private loans. The home improvement program still is in operation, but the apartment building program ended during the Truman administration. The Banking Committee probe centered for the most part on the apartment program. The latest version of the report, it was understood, does not attempt to estimate the full extent of windfall profits, but simply lists more than 100 specific cases. out of a total of 7,000 in the apartment program, in which sponsors or builders got insured loans 149 million dollars greater in all than construction costs. SHEPPARD Continued from Page 1 with the examinations of Sheppard after he was arrested. He has testified that he underwent questioning by four teams of detectives for nearly 11 hours on one occasion The prosecuting attorney also asked Sheppard why he did not pick up any kind of weapon on the morning of the murder. Sheppard had said he heard a noise downstairs and went in pursuit of the "form" he testified he saw in his wife's bedroom. Just before closing his cross-examination, Mahon asked Dr. Sheppard if he told the truth Ipst July at the inquest into Marilyn's death. "I did not tell the truth about Miss Hayes," the doctor replied. At the time he had denied an affair with Miss Susan Hayes; although he admitted it yesterday. "You mean you deliberately lied about it, doctor? Yes or no?" Mahon shouted. "I don't think that can be fairly answered, yes or no," Dr. Sheppard said. "I felt Miss Hayes' reputation justified that answer, sir." "That's all," Mahon said, ending a cross-examination that began yesterday morning. Defense Attorney William J. Corrigan spent only a brief time in re-direct examination. Negro Mission Seeking Aid Negro Welfare Mission of thr. Hill of Zion MB Church is asking lor funds and clothing for the aged and for underprivileged children. Rev. T. W. Thompson Is In charge of the collection. He may be reached at 3-6362. WE BUY USED FURNITURE PHONE 3-3122 Wade Furn. Co. Hoover Says FBI Not Interested In Debate Topic Director Denies Any Activity to Stifle Academic Freedom t ALBUQUERQUE (ft— John Edgar Hoover, Federal Bureau of Investigation director, says the FBI "Would never engage in any activity which might result in stifling academic freedom." Hoover so declared in a letter to Bob Lawrence, editor of the University of New Mexico Lobo, school newspaper. The subject of this year's national collegiate debate is whether the U»ited States should extend diplomatic recognition to the Communist government of China. The Lobo had quoted Dr. Wayne C. Eubank, president of Tau Kappa Alpha, honorary debating fraternity, as saying college debaters had been warned they may have their names included in FBI "raw files" for upholding the question in debates. "I can assure you that the FBI has no interest whatsoever in college debates as such," Hoover wrote in the letter to be published today in the Lobo. "We would never engage in any activity which might result in stifling acadc/ilc freedom." Hoover said, "I was indeed surprised to see this story. I do wish you would have communicated with me first because it leaves the false impression that the FBI is desirous of obtaining the names of persons debating this question,. "This certainly is not true." Eubank told a reporter that Rep. Robeson (D-Nc) had written a letter to a Duke University debater on the subject. "Robeson made no mention of the FBI," Eubank said, "but he asked for the names of those on the National Debating Council and the member of the Duke University faculty responsible for the debating team." Eubank said Robeson wrote a Duke debater: "I certainly hope you will not undertake to debate the positive position of this subject as quotations from your statements may embarrass you for the rest of your life." Eubank termed Robeson's letter "an abridgement of free speech by a man sworn to defend the Constitution, a document guaranteeing our freedoms." Eubank, read Hoover's letter to Lawrence, said: "Mr. Hoover's declaration indicates that he has a very clear conception of the functions of debates and discussions in our colleges and universities. It is the type of statement that any thinking citizen would expect from his M'Clellan Asks Rules Change For Committee NEW YORK tfl — Sen. John L. McClellan (D-Ark) says that, In replacing Sen. Joseph B. McCarthy (E-Wis) as chairman of the Senate's Government Operations Committee under Democratic control of Congress, he will ask a change in rules to require two senators present for hearings. In a current issue of Newsweek magazine, McClellan who will take over the chairmanship of the committee and its permanent Investigations Subcommittee in January, said he is "opposed to one-man investigating committees." The Arkansas senator said he expects no trouble from Sen. McCarthy. "His role will be that of ranking minority member, just as mine has been under his chairmanship," McClellan said. "I expect no trouble." MqClellan said he would again seek to have a joint Congressional committee: set up to probe any communism in government to avoid "duplication of effort." Wilson Post Members Cited WILSON — Explorer Post 33 of Wilson presented service awards to these members last week: Charles Ferguson, Billy Chism, John Lovett, Mickey CIssell, Tommy Beall, Johnny Rodgers, William Casey, Garland Shull, Jr., and Bill Rhodes. Saturday night, the Explorers sponsored a dance at the high school cafeteria with Jimmy Powell p.nd Mr. and Mrs. Paul Whitlock as chaperones. About 45 attended. Vehicles Damaged Mrs. V. B. Thornton and W. A. Sharp were involved in a traffic mishap yesterday afternoon at Cherry and Twenty-First Streets causing: some damage to both vehicles, according to police reports. high office. "I trust that Mr, Hoover's statement will allay any fears students may have regarding debating the affirmative side of the proposition." SLAYING Continued from Fuse 1 sible that the killer was transient. Meanwhile, officers pushed their search for an ex-convict, now free on parole from a federal penitentiary, who has served time in 111- inois for the murder of a woman. When police went to the man's home in nearby DeValls Bluff yesterday afternoon, he had disappeared. He had not returned to ills house early this morning. Five men and two women are being held in jail for questioning in the case. One of the men, a Brinkley day laborer with a prison record for burglary, was picked up after some of his clothing, which bore stains resembling blood, was taken to a dry cleaners. The clothing has been sent to Little Rock for a chemical analysis. The two women who are in jail share a house here with this suspect. Police believe that Mrs. Fuller was killed by n bare-footed prowler, who was surprised by the matron in the act of stealing her purse. They think he took off his shoes before enterting the Fuller home. A footprint made by a barefooted man was found In Uie backyard of the Fuller home, and two sets of similar prints were found in the kitchen of the house. Three newsboys who reported seeing a man in the vicinity of the Fuller Home about, dawn Sunday all told police that he was wearing only one shoe. They said he was tall and clatf in a khaki overcoat. A black, low-cut shoe was found two blocks from the Puller home in an alley late yesterday by two deputy sheriffs. Chief Henderson there is a possibility that the shoe was last by the fleeing killer. The shoe appears to be a size eight or eight and a half. Measurements of the footprints found in the Fuller home and yard Indicate that they were made by a man who would wear that size. SEC Okays Ark-La Sale to Stephens WASHINGTON W — The Securities and Exchange commission announced today it bus approved snle by Cities Service Co. of its interest in the Arkansas Louisiana Gas Co. (or nearly 24',i million dollars to W. R. Stephens Investment Co., Little Rock. Cities Service holds 1,958.169 shares of ARKLA's $5 per common stock. This represents 5Hi percent of the stock. Cities Service agreed to sell the stock to Stephens for $12.50 a share plus a dividend adjustment of $2,682 dolly from Oct. 1, 1954. Eight Attend Farm Bureau Meeting Eight persons from Mississippi County are attending the National Farm Bureau convention in New York City. They are Keith Bilbrey, Charles Drogdon, Mr. and Mrs. Hays Sullivan, William Wyatt, Mr. and Mrs. Chris P. Thompkins and Earl Wildy. NOW OPEN At Former North Star Location i/ 2 Mile from Blythevillc on N. Highway 61 — Phont POplar 3-9922 Serving Good Food & Catering to Parties— Large & Small Enjoy Dancing In Our Newly Decorated Dining Room ROBERTSON'S Good Food Rebecca and Jimmie Robertson Th* engine that Started an era is newer-than-ever for 19581 Still in the lead . . . because it's (till making history! It's Oldsmobilc'a new "Rocket" 202, backed by more niHce—more owners— more experience—than any other high-compression engine! Now it's the "Rocket" to top oil "Rocteu"! Horsepower IB up to 202! Compreeeion climbs to an 8.5:1 ratio! Torque reaches new hi'ghj—even for Olds- tnobile! And with power-con toured combustion chambers and a high-lift camshaft, -our toe-touch It translated instantly into the moat thrilling action you've ever known! It's flashing new "Co-Ahead" power to match Oldamobile'i da»hing new "Go- Ahead" look! Massive new front-end design, bold new fender linet, daring new "flying color" styling! Come in soon. Find out why this year, more than ever, it's smart to make • date with an exciting, all-new "Rocket 8"! OLDS MOB I I_E "M«k. COUtTltY Y*«r Corf* •! th* HORNER-WILSON MOTOR CO., 317 East Main- Phon* 2-2056 DON'T Mill IT! ANOTHU «ALA OLDSMOilLI fO-MINMTI MUSICAL! NIC-TV. DfC. II Vermont nos voted the Republican ticket in every national election. Eleven Killed In Traffic Accidents, in Missouri CARUTHERSVILIjE — Eleven persons wore killed in traffic Oc- cidents, on Missouri highways for the week ended midnight Sunday night, according to information received by Uie Pcmiscot County Sheriff's office from the Missouri State Highway Patrol. The total fatalities on state highways for the month is 36. A total of 908 persons have boon killed on Missouri hlBlnvays since Jan. 1. This fatality report prompted a member of the Hayt! zone of the Missouri Highway Patrol to request that all drivers be careful during the 24-hour period on Wednesday. National Safe Driving Day. $111DW1 Bono- Is Forfeited One traffic violation bond was forfeited and two fines assessed in three cases brought before Municipal Court this morning. Otlis Fowler forfeited $111.18 bond on a charge of driving while intoxicated and Melford Miller and Mack H. Mlsho were fined $25 each and sentenced to one day in ' Jail on a charge of petit larctny in connection with shoplifting. There is a schoolhouse fire every six hours In the United States. Paint Closeout Many Types and Colom i Price Hubbard Hardware Guard FOR HER...FOR HUH... FOREVER ULOYA «H».*OOQtf \t it**, MrtttWd vottrpiMf* jhxtrnMMt, •rt|.rM9Mfft, rwt pfM WARWICK fUETWOOO d witerprod* ifco* rtrfflanl, »$i»* imttf Mund hand, nilw kirft I *«, dWtndloo aid cobr •InmriKK* *595. 21 jf»»lf Zl[«ffoh wponiwn bo«4 H Id. $M */!« *95M ca'-fluncr'eflttf. Only .icon >ho«H rcfJac* ttjriul < jJsotk Mtl-mogaetic, r«t two? 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