The Courier News from Blytheville, Arkansas on August 26, 1953 · Page 12
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August 26, 1953

The Courier News from Blytheville, Arkansas · Page 12

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Blytheville, Arkansas
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Wednesday, August 26, 1953
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Page 12
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PACE TWELVE BLYTHEVILLE (AKK.) COUKJKR NEW* WEDNESDAY, AUG. », 1»M Moses Blasts TV A As Losing Money Though Tax-Subsidized MEMPHIS — "Arkansas boosted itself faster than Temies- 1 It would take $40,000,000 a year see, despite more than & billion for 50 years to repay the totaf has i by 196J. utes-l It would take $40,000,000 a • dollars of tax money poured into the T'VA," Hamilton Moses of Arkansas Power Si Light Company, said here yesterday when for the first time he discussed the power question inside TVA territory in his more than 30 years as a utility official. power investment," explained Mos es. "It is distressingly misleading to say TVA is paying its own way like any other Industry." In suggesting: an answer to TVA, Moses said; "It is my conviction that TVA's power operations should be put on the same basis nd consumer and citi- said TVA is (1) losing money, (2) not paying its share of taxes, and. James L. Powell, Flat Lake, Dies Services for James L. Powell of Flat Lake, who died yesterday at Memphis Baptist Hospital at the age of 53, were to be conducted at 3 p.m. today at the Church of God by the Rev. Floyd L. Ramsey. Mr. Powell, a retired farmer, had been in ill health lor 5 years. He was born in New Albany, Miss., and moved here 20 years ago. Pallbearers will be Lenson Tyler, Jimmie Quails. Carl Roberts, Jimmie Ray, Charles Duncan and Glenn Griffin. Survivors include his wife, Mrs. Ethel Pearl Powell; four sons, Lacy Powell of Nashville, Tenn., James Powell, Travis Powell and Joe Powell of Blytheville; two daughters, Mrs. Mary Lee Qarrett of Silura, Ala., and Miss Ethef Marie Powell of BtytheviUe; five sisters. Mrs. JD* Tedford of Memphis, Tenn., Mrs. Herman Prultt of Illinois, Mrs. H. W. Mahan, Mrs. Maxwell Locke and rs. Sneed Williams of Blytheville, and three brothers. J. H. Powell of Benton, Ervln Powell of Cotton Plant »nd Garvin Powell of Tiptonville, Tenn. Cobb Funeral IJome Is in charge. emotive would be for TVA to sell its own revenue bonds. Mosee spoke before the Rotary as ! hc ,£. u ? in . es ?-™' electrlc com Club where some two months ago |f »<»<*• ™ S J S ">"• to ever; the head of Memphis' city-owned | t''-M"'>ei an. utilities championed the cause ol „;_, . H government ownership. | WO J™ m ^ taxM on Ule same In presenting his case for busi-| basls ns are p .,| d by the non . ness operation of electricity, Moses govornmen t powor producing en- trrpriyi-.s; and (2) Pay annually — • - - , . ... , . the interest on the money invested (3) sellins tax-subsidized power to | ,„ ,. filc ,, 1Ues at the cost ot Industries which give the TVA area j h to th govcrnmcnti An unfair advantages over neighboring B states. He showed that If TVA had to operate like the power companies paying taxes on the same basis buf getting its money at the govern ment rgte of 3'4 per cent, TVA in 1952 alone would have shown a loss of more than $12,000,000. "The fairest basis for comparison is in percentage of revenues,' said Moses. "We find that in 1952 TVA paid in lieu of taxes 3.2 pel cent of gross revenues. Power companies paid about 22 ',4 per cent of their revenues in taxes. Private companies paid seven times more than TVA." With some $1,600,000,000 investment in TVA, and another billion dollars to be spent for power within the next "five or six years," Moses estimates the TVA power investment will be over two billions U.N. (Continued from Page 1) the U. S. delegation. Insisted that the U. S. opposition was based only on the fact .that India was a neutral and the Americans contend only belligerents should be on the U. N. team at the peace conference. If that parley is successful he said, there can be a geneial Far Eastern conference and for that the United States will work; to have India seated. Ginners Discuss Cotton Problems At Meeting Here In a meeting of the Ark-Mo Cotton Ginner's Association held at the American Legion Hut here yesterday, 50 members heard a discussion of current cotton problems. Speaking were J. M, Ragsdale, gin specialist with the University of Missouri, Columbia, C. C. Smith, former director of the Commodity Credit Corporation, and Gerald Deering,'cotton editor of the Memphis Commercial Appeal. Among problems discussed were misuse of gin machinery, over cleaning and drying of cotton, acreage controls, export of cotton and the current outlook. Farm Labor To Be Discussed Recent changes in the farm labor 1 program for Mexican Nationals will discussed from the standpoint of the farmer at a meeting tomorrow at 2 p.m. in the Court House at Oa- ceola.. W. J- Dcnton, president of the Agricultural Council of Arkansas will preside at the meeting, to be attended by representatives ol the state and regional offices of the U. S. Employment Service nrid other frencies. Commodity And Stock Markets- Ntw York Cotton Open HIgh'Low Close Oot .... 335« 3350 335,1 3351 Deo 3380 3386 3379 3379 Mch 3401 3407 3400 3402 May 3399 3403 3398 3400 New Orleans Cotton Oct .... 3355 3358 3347 3347 Dec 3378 3383 3375 3375 Mar 3399 3404 3396 3398 May 3397 3401 3395 3396 Chicago Corn Sep 153 150" 4 152" 2 |f Dec H2 140% 141'A! Chicago Wheat Sep 188 183% 186% Deo 194 191'/, 192 Chicago Soybeans Sep 255 251 252','. Nov 247 244V4 245'/i Jan 249% 2471/4 2481-2 Mar 251 ft 249 251ft New York Stocks A. T and T 154 3-4 Amer Tobacco . 74 3-8 Anaconda Copper 33 1-8 Beth Steel 49 5-8 Chrysler 68 Coca-Cola 109 1-2 Gen Electric 74 1-2 Gen Motors Montgomery Ward N Y Central Int Harvester J C Penney Republic Steel . .. Radio Socony Vacuum . . Studebaker . Standard of N J Texas Corp Sears . D S Steel Sou Pac Livestock NATIONAL STOCKYARDS, 57 1-4 57 1-2 22 5-8 26 3-8 70 4B 3-4 BICYCLE PARADE SCKXE — Above is a por- novelty designs tion of the 200-youngster Bicycle Carnival parade — a replica of which moved down Main Street this morning. (Courier News Among the highly-decorated bicycles were several such as the one In center above trie "Old Woman in the Shoe." Photo) WILSON 33 1-^ 27 3-4 71 1-2 52 5-8 58 36 7-8 (Continued from Page 1) an absence of two years. Returning Wilson High School faculty members are J. D. Roberts, principal; Elstner D. Beall, H UiRriculUire; Miss Virgie Rogers of Sheridan, Ark., English; William Yates. coach; Mrs. Davie Parker of Conway, home economics; Miss Priscilla Spinks of Dundee, Miss., music. Returning elementary teachers CONGRESS are Miss Dorotha Russel, Lula, )—(USDA) — Hogs 6,000; moderately active; weights over 100 Ib 40-50 lower than yesterday's average; lighter weights 50-75 lower; sows 25-50 lower; choice 200-250 Ib mostly 24.75-90; largely 24.85; several hundred head 25.00; heavier weights scarce; most 170-190 ,b 24.25-60; 150-170 Ib 22.25-24.25; few 120-140 Ib 19.25-21.75; sows 400 ib down 20 fB-22.25; about two oads choice lightweight sows 22.50; heavier sows 18.50-20.25. Cattle 4.000; calves 1,500; moderate demand for high good and choice steers and heifers; few lots ully steady at 23.50-25.75; individual head prime yearlings to 26.75; little action on others; cows slow; some Initial deals to small locals at prices about steady with close yesterday; utility and commercial 1.50-12.00; little done by packers; bulls and vealers unchanged; util- ty and commercial bulls 11.00 13.50; canner and cutter bulls 8.0010.50; good and choice vealers 1B.OO-20.00; Individual head high choice and prime 21.50-24.00; util- ty and commercial vealers 10.0014.00. 41 7-8 I Miss., first; Miss Rosa Etta Wolfe, Memphis, second; Mrs. Don Elslander, Wilson, third; Miss Doris 111. Smith, Paris, Ark., fourth; Miss (Continued from Page 1) whatever labor support it has been i able to accumulate if it opens the j door wide to major changes in the Taft-HarUey Act. While the Senate Labor Commlt- j Smith (R-NJ), apparently favors j Lee. headed by Sen. H. Alexander only changes in the law which would have support from the ranks of organized labor, the House committee seems more inclined . to walk the other side of the street. Abie Stewart, Houlka, Miss., fifth and Mrs. J. D. Roberts, sixth. At Whitten School, Dennis Mullen will be principal and elementary teachers include Mrs. Dennis Mullen, Miss Willcla Dean Wooclson oi Plainview, Ark., Miss Patricia King of Conway and Mrs. L. W. Chandler. SRADLEY WHAT DOES Clean Heat MEAN IN ... dollars and cents? Natural Gas is the cleanest of all heat- Ing fuels, H burns without smoke or odor, leaving neither stains nor residue. Automatic gas healing leaves carpets, drapes paint and household decorations spotless and clean — reduces cleaning and painting 1 bills (o A minimum. All this, phis (he fact that Natural C.as Is economical In use, makes it Ihe biSfccst value for your heating dollar. Gel gas . . . and yuii'll be gl.ull SAVE YOU CAN SAVE MONEY b having: Natural Gas Installec now .... while the weather U good. Good weather cuts down on labor costs, saves you lots ol expense as well as Inconvenience later on. CALL US TODAY for a free estimate on your Natural Ga* piping Inst3.lla.tton, IT'S A FACT - American Homes in 1952 installed more GAS HEAT than any other AUTOMATIC heating system. Here's Why Ark-Mo Power Co. 223 Are X-Rayed In Keiser Clinic A total of 223 residents of the Keiser urea participated yesterday in a free chest x-ray there. Yesterday's total brings to 5.(in? the number x-rayed thus far in the clinic which began Aug. 4. The mobile x-ray unit was in West Ridge today and tomorrow it will begin a four-day stay ;it the Planters Bank in Osceola. Registrars yesterday were Miss Peggy Zook, Mrs. Richard S. Childs, Mrs. Freedia J. Dixon, Miss Judith Virginia Childs and Miss Bonnie Mills. (Continued from Page 11 Force in developing guided missiles—"competition and jealousy among the services have become a drag on the application of the missiles to our strategy." 5. Working out with Canada a more effective all-continent defense command, to include parts of the armies and navies of both countries as well as their air forces Quick Relief for MUSCULAR ACHES Tost STANBACK yoursoli ... lab- lets or powders . , . against any preparation you've evtr used. Read Courier Ntnv.s Classilii'ri Ads. New Metropolitan Employee IN THI FASHION NEWS THIS FALL... EDWARD EVANS, formerly of Detroit, Michigan, was recently transferred to Blytheville as an agent ol Metropolitan Life Insurance Company and has assumed duties with the local branch with offices in the Lynch Building. Mr. Evans, a native of Marmaduke, Arkansas, is qualified to sel life, health and hospitalization insurance. He attended Metropolitan's specialized school of insurance al Chicago in 1952. Mr. Evans is member of the Baptist Church a'nc resides at 1600 Heern Street. a break... a Coke It takes only moments to pause for a Coke. Pays off in big dividends, too -for things get done when you work refreshed. "N SOtTlED UNDEt MITHOtlTv OF IMF COCA COU COMPANY I* COCA-COLA BOTTLING COMPANY OF BLYTHEVILLE if" it O fegnlered Irode-mark. ) l?53. THI COCA-COtA COMfAMT colorful vests of luxurious imported VIYELLA tailored by HART SCIiAFFNEK Fabrics make news and vests (or weskits, if you choose) of imported Viyella* make fashion news for Fall 1953. The wave of popularity of these colorful vests, worn by men of all ages, is destined to • reach new heights of popularity this season. Man after man will choose several to add variety to hig everyday and week-end wardrobe. You should, too! Choose from regular and long sizes. •55% Rich Lombt Wool—15% Egyptian Cotton TARTAN PLAIDS In euttwnric Scotch torton plaid eoton. R.gulon and V SOLID COLORS in canary y.ttow and wr. dinol r*4. lUjvfon and lonot TATTEtSAU CHICKS toMt Mgvton and long* MEAD'S

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