Northwest Arkansas Times from Fayetteville, Arkansas on January 3, 1952 · Page 14
Get access to this page with a Free Trial
Click to view larger version

Northwest Arkansas Times from Fayetteville, Arkansas · Page 14

Fayetteville, Arkansas
Issue Date:
Thursday, January 3, 1952
Page 14
Start Free Trial

Page 14 article text (OCR)

imminent Holds Down Interest Payments )n Federal Debt; Bank Rales increasing By SAM DAWSON .'I N«w"York-(/l'Hnterest rales on ~ rt|tf« »nd .on bank loans lo _jlness are slowly rising. But nele Sam Is hoping to hold down ic Interest ..he must pay on the luge federal debt : Th«.'people he borrows the mqnqyjfomVlhe banks, Insurance !bmpanlM,i and other private investors--have been clamoring for {he Treasury . to Isyue. long-term tends paying more than the present Interest rate of 214 per cent. But the federal debt now tops 250 billion dollars. A n n u a l Interest I payment totals on It are already high. And any raise In Interest ratc.c would increase the burden on the taxpayers by t h a t much more. The Treasury, therefore, Is hoping lo hold the Interest .rate lit its present level. Private borrowers aren't so lucky. Hanks now chnrsc three per rent on prime commercial loans! This If. twice Ilrms with the highest credit rat- ines hud I" I'ay "" utnks in (he 1035-47 period before Interest rates started t h e i r slow climb. PLAN TO VUILD ·M Our HaltrlU. Oil Out Piled. Trr Our t«rrtc«. DYKE LUMIER c6. »! Si. CtitlW WE PAY CASH FOR DEAD OR CRIPPLED ANIMALS Phwti CollKl IIU Foy«tt«yill« Rendering Co. CASH PAID FOR DEAD ANIMALS M CeH*el MSI tovQI*. Arkanaaa Rendering Co. come up for redemption, the Treasury has been refunding It with more of these short-term Is- Death Of Fither, Daughter CilW Suicide, Murder Van Nuys, C»llf.-(/P)-Pnllce today recorded the deaths of · m i l k man and his year-old daughter in a plane crash here last Monday us murder and suicide. Detectives W. L. Slapp and C. L. Nelson said a note found in the automobile of This holds down th« total I the father, Jay William Campbell, Bund I'rkM Ilfri;ne Corporate dropped to", burnl prices lnl11 lne have , them is rising gradually. And corporations socking In sell new securities to th'o public have had to o f f e r hishcr interest rates t h a n Ihey did a tew years »RO when there was more money around in relation to the growing demand for '11. Business firms .ire borrowing record amounts to expand p l a n t s and finance ever-costlier business operations. Too, many Investors have been lilrninit to the slock market, With common: slock prices rising since I he wuri! the yield from them -his been more attractive to many ln- nstors than the Interest rates, .the ovcrnmcnl or; corporations' were offering on their sccUrllles. Hut the Treasury has to f u r hold to Its policy of keeping its own Interest payments on lohg- lenn bonds down lo 2 14 per cent. To do this, the Treasury has been t u r n i n g morn and more to short- term borrowing-- for three months or « year -- (it much lower rate*:, of course, than 2!4 per cent. When an Issue of long-term bonds has UARK NOW SHOWING OPEN 1:45 -- SHOWS 7:00-1:00 CARTOON PALACE * ENDS TONITE * 'PAINTING »h« CLOUDS with SUNSHINE" Srdrtt Fridqiy - Double Feature SERIAL CAHTOON ENDS TONIGHT "WEEKEND WITH FATHER' O Z A R K Friday Saturday Only 1; » ·FjmWRlmM- AND ThEIRlM FUMED'. A hot-grenade hero ia muddy boots and theblue-e.yed WAC who had him walking oa velvet! ·" '·" ··" CAHTOOH CAT CMOO it must pay out in i year on its dtbt. But it hasn't gone entirely pent- free, because H hasn't been able to hold the interest rates down on the short term borrowing. On its 91-day Treasury bills it was paying 1.08 per cent two years asri. Now it has to pny 1.88 per ccnt in order lo sell these bills to the banks nnd other investors. But Uncle Sam--with 53 and one half billion cloll;ir« of issuer corning dur or becoming redeemable this year--Is still sticking to the policy of holding his long term rate to 2% per ccnt. The Treasury is expected to refund 31, and addressed to his wife, Mary, indicates . he planned the death of their daughter Judy and himself. Mrs. Campbell's lather, Ralph C. Schuize of IM Crescents, said: "Mary had been contemplating doing to Nevada for a divorce about two weeks ago." He xaid the couple apparently had patched i up their differences and planned to ncll their home and start anew these ii-rsues short term paper. How high a rale will have lo be paid on them w i l l depend on money conditions at the time of issue Pew Pulled Out Holders of the Ions term bonds haven't fared as well as Uncle Sam, however. The market price of these long term bonds has fallen sharply in the market since the Federal Reserve Board unpeg- ged them last March. Before that, the board kept buying them up so that their market price would be above par--insuring the Treasury of m a i n t a i n i n g its cheap money policy. W i t h the pegs pulled out in March, government bonds* began to f a l l in price. Last month some issues were selling around $96 compared with $100 par. The yield in them had risen That JK,, bonds which were yielding 2.44 per ccnt in December, 1050, at their market price then are now yielding 2.7ft per ccnt at their market price now. Investors who had bought these bonds at par or higher are thus loathe to sell them--since they would lost $4 or more on w h a t they'd paid for them. And with he big investor; holding onto these aonds, there has been less money available from that source lor oans to business or for mortgages, flcncc the interest rales on private borrowing have been going up. In i new neighborhood. C.mpbell's note to his wife directed her to reimburse the owner of the plane he rented before he buzzed his house and, while the w«tched, dived it to destruction in i schoolyard nearby. "It seems that the price one has to pay for happiness isn't so easy to pay," Campbell's note read. "I have lost everything that you may start anew. You have also lost me and every part, of me today, including Judy, Keep telling your-self that everyone sets over everything. H may help you, but I doubt It. I have always loved you even If you haven't loved me. Don't ever live a lie again. Your Jay and Judy." The note referred to another man by his first name and asked: "C'ani you ever tell 1 yourself that hr was worth it all?" Mort Kamm, the plane's owner, discovered the note yesterday when he moved Campbell's automobile into a hangar, Police also found a note in Campbell's wallet. Written by his wife on the back of an advertisement, it read: "I gave you a reason to doubt my love for you and now I have to do something to chase away the doubt. I couldn't live without you at my side where you belong. I'll always want to be yours and please,- dear, be as you are and don't change. I really love you. Your Mary." Colo., and their »on, Donild Me- Kinnon, and daughter, Mona Marie, of Carthage, Mo. The family went to Little Rock where they visited Neil-McKinnon, a hospital patient there, and met another son, the Rev. Neil'McKlnnon, Jr., of Ewing, Va. .Mr. and Mrs. Willie Roclh and duaghter, Joyce, and Mrs. E.' L. Baker spent Sunday in Noel. Mo., with'the parents of Mrs. Hoclh and Mrs Baker, Mr. and Mrs. J. E. Otborn. ..ORTH MISSION Republic Muting Co. BUSINESS STATIONERY OFFICE FORMS ' . SALESgOOKS-RUBBCB STAMPS Prairie Grove A number of younger couplc.s gathered at the home of Dr. and Mrs. Willard Brooks Monday night to welcome in the New Year. Coffee and cake were served. All business houses in Prairie Grove were closed for New Years. The school opened Monday and did not close for New Years. Mr. and Mrs. A. E. Arlington spent the Christmas holidays with their children In Marlow and Duncan, Okla., and in Wichita Falls, Texas. Mrs. Arrington returned to her duties at the school on Mon- d«y, while Mr. Arrington remained ·t the ellnlc in Wichita Falls for several days. Mr. and Mrs. .lohn Fortenberrv, who unent the Christmas holidays with her parents, Mr. and Mrs. M. E. Bcaty, have returned to Jonesboro. Fortenberry te band director and Mrs. Fortcnberry is English instructor High School. in Jonesboro Mrs. A. T. Spccdlln has returned from a holiday visit with her son, Floyd Spcedlin, and his family in nosers and with her daughter, Mrs. Joe Dclap, and family in DeweyyOkla. .Tack Harlan nrokrrmlgpo, Okla., spent Sunday with.Mr. nnd Mrs. J. S. Harlan. Mr. and. Mrs. Tom Cockran of Huntsville were holiday guests of Mr. and Mrs. Bill Harp. Mrs. E. H. Cook, principal of the grarfu school, spent the Christmas holidays with her son-in-law nnd daughter, S/Sgt. and Mrs. Paul Lawrence and children nv^l.ack- land Air Base In San Anlonio, Texas, returning Monday ·Mr. and Mrs. Ixjslle Nations and children of North Liiilc Rock spent the weekend with relatives. Miss Dolly A n n e McCormick, a student at the University, is spending the holidays with her mother, Mrs. A r t h u r McCormick. . They have has as their house guest Vance Ward of Elaine, Ark. Mr. and Mrs. Darwin Delap niul children, who spcnl Ihc holidays with his father, .1. A. Delap, and other relatives, has returned to his work in Kansas City. Mrs.. Pearl McCoy was hostess at dinner Monday. Guests were Mr. and Mrs. Walter Lark, Mr. and Mrs. Ed Rich, Mrs. Hattic Cunningham, Mrs. R. A. Barnes nnd Mrs. D. N. McCormick. Mr. and Mrs. Haydrn Hart and family of Coleman, Texas, were guests of Mr. Hart's sister, Mrs. R. A. Barnes, during the holidays. Mr. and Mrs. George Hammon- ti-oc of Phoenix, arrived . Monday fnr a visit w i t h relatives. Mrs, Maud Adams, mother of Mrs. Hrimmontrco accompanied them home after spending Christmas irt Phoenix with her daughters nnd son. Mr. and Mrs. CUrlvs M c N n i r Tonite Friday moved into their new home on New Years Day. Miss Virginia nuller, who spent the holidays with her sisters, Mrs. Ethel Riddle and Eula Butler, has returned to her school work in Sperry, Okla. Capt. and Mrs. ^1. Trahin and baby of Ft. Benning, Ga., are guests of Mrs. .Trahin's mother, Mrs. R. D. Bogart, Sr. Cpl. and Mrs. Roland Ramos have returned to Camp Chaffee after a holiday visit with Mrs. Ramos' sister, Barbara Patrick, «nd aunts, Mrs. Ruth Hanna ind Mrs. Grace Hall. Robert Bldwcll, principal of Texan-Mexican School for Boys, and three boys, Leoncio Compoon, Jose Lopez, and Manilo Valclez, returned Monday to Kingsville, Texas. Mr. and Mrs. Billy Ray Epperson, who have been visiting their parents, Mr. and Mrs. R. T. Epperson, and Mr. and Mrs. Buck Wallace, returned to Jefferson City, Mo.. Tuesday." Mr, and Mrs. Cameron Coones have received word t h a t their son. Jlrrimy Connes, of "the class of 1950 of Prairie Grove High School, has been assigned to nine months duty In the Korean area with the U.S. Navy. · Senator Russell Blasts Payment To Free Fliers Says Men Should Have Been Left To Serve Sentence Washington -(/I 1 )- Senator Russell (D-Ga) today denounced the payment of $120,000 to Hungary for the release of four captured U.S. fliers and said he was certain "Ihe whole thing was directed right out of the Kremlin" in Moscow. Russell declared "it sets a bad precedent" and "puts us in a bad liRhl before the world" to "yield to a blackjack in the hands of a cheap little satellite crook." · Russell, who heads the Senate Armed Services Committee, sftid this group miglit look into the "ransoming" of the fliers at i sesr sion with the nation's top military leaders next week. The,, four airmen were freed lasl Friday a f t e r American officials paid $30,000 in fines for each man. They were convicted on charges of violating Hungary's border a f t e r getting lost and landing in that country on Nov. 19. U.S. officers said the four were on a routine flight in a cargo plane and were blown off course. Russell said now that the precedent has been set, "there is no telling where this will strip." He said the U.S. should have let the men serve thrce-mpnth jail terms in lieu of the fines, and then given the $120,000 lo them. The Georgian said that permitting (he men to serve their jail sentences "may seem cruel lo the individuals themselves" but "there are occasions which arise'' when men arc callc'd upnri tn make unusual sacrifices'for their country." Window Mr. and Mrs. John Chandler arc in Seminolc, Okla., visiting their son-in-law and daughter, Mr. and Mrs. Everott Ledgcrwopd and new daughter,- Johnna Kay, b o r n Christmas Evo. Sharon and Linda Walker -of Oklahoma City, Okla.. spent the holiday va ration with their grandparents, Mr. and Mrs. H. A. Gaupor. M.S. Bernicc Palmer of Little Rock returned home Thursday after spending the holidays with her sisters, Mrs. Ida Mulr and Mrs. H. R. Denton, and her brother. Winn Beadle. Miss · Dorothy Mulkey has returned from a two-week visit with a nephew in Dallas, Texas. Mr. and Mrs. Marvin Clarke and four children of Kialvcsta, Kan., have spent the past week here 7:00-9:00 Fayetteville Kiwonis Club Benefit Show For Underprivileged Children Dan DoiUy Ann* Baxter in TICKET to TOMAHAWK Admission $1.00 P«r Car 71 Drivt-ln Theatre Cartoon Miuiiiippi Swlnf Writer Describes Christmas On Board Ship Headed Southward (Ed. Note: Ed Vandevcntcr,' Kayetteville writer, gives hU impressions of his tour of South America December 21-April 16 in another of a series of articles in trie TIMES.) By ED VANDEVCNTER Aboard the Santa Maria--As. this is written the afternoon of December 26 the good ship Santa Maria irf opposite the southern part of Florida. We are out too far in the ocean to see any land. All passengers are wearing summer clothes and while strolling on the decks the delightful weather reminds one of Sarasota in October or Fayettevillc during June. By tomorrow the, air will be really warm, as we 'move closer to the equator. Celebration of Christmas had an international slant as those speaking many different tongues but all feeling trie same reverence for the day met in a large lounge where a piano stood. Most of the songs were sung in either Spanish or English, there being more South Americans aboard than from any other part of the world. At (i p. m. the officers of the ship gave a cocktail party which had the effect of bringing the passengers into a closer bond of fellowship. And the Christmas dinner was too wonderful to be described. The traveling correspondent of the TIMES went to town decorating his state room. The S a - n t a Maria does not have portholes as do many ships. Beautiful large windows with Venetian blinds and attractive drapes make the staterooms homelike. Across my window was strung a greeting which was sent to me in.Florida by Bill and Betty Fulbright. On a cord hang Ictten. which spell "Merry Christmas." It attracted a lot of attention from the deck strollers. There were small evergrcem-, a Santa Claus six inches high and many cards received from friends. And a large^ green .wreath was placed on my dobr. The food Is the most delicious I have ever tasted and my appetite l« like that of a lumber jack. Tried to put on the pretty gray slacks Lonnie Hall had made for me but the wai^t band was an inch too small. , My table companion is the ship's doctor--half Russian I n d half German--and very interesting. As the tugboats pulled the Santa Maria past the Statue of Liberty everyone seemed to have a camera. You could sense the fact that now when liberty has become so rare and precious a blessing, that great symbol in New York's harbor stirs men's minds more than ' ever before.' . Not until 3 'o'clock Christmas rhornjng. did we hit rough seas. Then we' r'eallj; tossed and rolled. Shaving was most difficult.'Lucki- Sulphur City Mr. and Mrs. Ralph Denny and children, Linda Jean and Stuart, of Fort Smith, spent the weekend with Mr. Denny's parents, Mr. and Mrs. C. E. Denny. Guests of Mrs. Neil McKlnnoh last week were her son-in-law and daughter, Mr. and Mrs. Mike Pct- ramala and children, Buena Theresa and Joe Neil, of La Junta, WHO FIXES RADIOS? We've Been Serving You 20 Yeart SMITH RADIO SHOP FM IK PflVKT CMM SCHEME ... TK fBrKT MMTS ENAMELS Twi SbtCM ... Gltrtfrat and Satin Ifs ever to cosy to decorate with Cook's Sbadotont Enamels, lor you eon choose from 144 rich, d«rton«d colors to provide the' perfect background for your furniture, drapes, and floors. Both beautiful iheeoi are scrubbable, and art priced amazingly low. See them today. _ ·««: KM roo« wit cote* PUN roun COOK'S PAINTS EAST SIDE SQUARE--PHONE 526 ly my hsip doctor friend had giv'en me sound advice! "Do you get sick on a train or airplane?" he'asked! "No," I replied. " " ' "· "Then, my friend, think nothing of it when the ship rolls," he advised. "Read a good book and you will not" be bothered. And cat plenty of food." But Christmas was a sad d=y for those who we're seasick and had to remain -in their staterooms. Many from Chile whom.I have met have been kind enough to compliment me on my pronunciation of the Spanish language, arid soon the training of my car will begin as a teacher awaits me in Santiago. with relatives. The monthly fellowship supper of the Methodist Church was held Wednesday night at the social rooms. The Boston Mountain Resort Association' gave a New Year's Eve party at the Cameron home December 31. Approximately 75 persons altcndcd. Various games were played. Proceeds will be used for operating expenses of the association. Miss Blanca Will has returned from Columbus, Ohio, where she attended the marriage" of a niece December 24. Used by thousands In rerluclnc diets--Junie's Romin Meal bread. 11-19-lf ima PLUMBING FOt Km* HOMES ·tart it Ml W. ItM Plymouth's Cranbrook Four-Door Sedan for '52 Here's the new nyraouth for 1992. a more beautiful, smoother operating, easier riding, safer ear which features 4t important improvements. There is new beauty in the ear's road-hugging, sweeping appearance, and color harmony perfection in the new interiors, which are Tone-Tailored with quality fabrics. The luxurious interiors blend beautifully with the exterior colors. The car has all the features for comfort, economy, safety and durability which have become traditional with Plymouth. Shown above Is the new four-door Cranbrook sedan. · · · · · · j.---*, · · · '" ' '' :: ' ; -"jaflBu Smooth, Easy Performance Featured in New Plymouth The new Plymouth for 1952 will go j There are ten body types in the on display in dealer showrooms | new Plymouth line, available in an throughout the United States, Fri-j array of eight regular, and two spe- day, January | cial sparkling new colors. The tra- stcering wheel shock, less friction and an improved ride. Quicker starting in hot or cold weather with less drain on thft hat- A long list of improvements -- 46;ditional interior roominess and t h e j l e r y is assured by the new "Follo- in all--has beon incorporated in the; many "high-pricpd car" features' for: Thru' 1 atiti-kickout feature of the engine, the brakes, the electrical .system, the chassis, and to the inside and outside of the body. The new car, according to D. S. Eddins.' president of Plymouth, has been improved and refined to provide I r(3ults from , he ncw , dcsi j ned | the most gentle ride, the smoothest | combustion ch;imb( , r ,,, Pl mo ° th - s | engine performance and the greatest: , amous flM(i , safety ever mto a car for the six . lind 97 h wer [m \ which Plymouth has been distinctive starter, the foremost among numer- have been retained throughout the ' ous changes in the electrical system. Greater visibility under adverse driving conditions is provided by a ten per cent increase in the speed new line.' SMOOTH PERFORMANCE A new, smoother flow of power j of the . electrically-operated wind- BEAUTIFUL STYLING ', . . i^j-uiiuei. 3 . Horsepower engine;, Luxury and color harmony .re the lowest price field. I has a ? to l comprcssion raUo L keynotes of the beautiful upholstery Exceptional encme smoothness is · ljfc for ^^ the main and rod ^ r ; and trim selected for the new Plym- praduced through a newly designed ! ings s achieved ^^ an improvcd " puth. A fine selection of long-wear' combustion chamber; brakes are stronger and longer-lasting; Plymouth's, famous Safety-Flow ride has been made even more comfortable 'by improvements in the springing and to the Onflow shock absorbers; and the car's beauty is enhanced by numerous styling refinements. The Plymouth has H road-hugging, ing, quality fabrics is available in shades which blend beautifully with the car's exterior, colors. An attrac- type of base metal. To further insure smoothness of performance and fasler getaway, several refinements in the new Synchro-Silent transmission permit' ., . - , . / r , - , · [ . . , .jivenienUy grouped and instruments faster, easier shifting, and more rapid , . . , . , , . , , . ° * \ wnii»h arp fnInrvH anA \*Ht,r*rl 1nr and positive engagement of gears. live "Lustre-Twfc"' instrument panel ! features controls which · are con- which are colored and lettered for i, , i · - j · ,t_ j easy reference while driving. Newly he rear axle is improved, and there , T - - ; - , , , ,...,,,, \ , * . , ,, , u sions which permit more j p| vmouln are t } lc orna ment, the ton gear and bearing adjust- j mo]ding and ^ mcda , Uon Qn , he sweeping appearance, accented hy j ^ changes in the external adornment, i"" r A new luxurious standard for in-! _ · ' hood, and the license light and name tcriors is attained with the high I £«*^TM*TM*TM.^.!»i pUU, .n .he rear deck lid: The quality upholstery fabrics in h a r - i , monious-colors which hlend bcauti-' . " H I of losing water or anti-freeze sweeping, low appearance-of the car is further accented by the lowering fully with the instrument and door''' csu l irora furlher TMProvcmcnu; j o£ lhe rear Iender mo , di panels. } ° * e P-TMure-vent rndinlor cap, So|cx ^ ^ The smart hardtop clnh coupe, the! Whlch! "' ovidcsapressunzcdcol)lln81 able throughout the Plymouth line Belvedere, is the pace-setter in t h e , lowest price field with its ncw con- STIIRD V BRAKES copls in styling anrlhcauly. The car Thr traditionally sturdy Snfe-' has glistening, lively two-tone colors j Guard Hydraulic brakes have been which set it apart and give it t h e ; S'vcn greater ease of operation, and as optional equipment at small extra cost. The glass reduces interior temperatures on hot summer days, minimizes fading of upholstery · or seat cover fabrics, arid reduces sun glare. continental look. The color used on: much longer life. New Cyclehond | Among the many features which the roof follows the Belvedere's: brake linings provide greater brak- streamlined contours around the spacious rear window and down over Ihe rear deck. Sparkling chrome molding outlines the top and carries ing area and longer braking life. There are heavier backing plates on both the front and rear brakes; an improved drum design on the front back to separate the two colors a t 1 brakes for smoother operation nnd their junction at the rear quarter-1 better cooling; an easier operating panel. Interior of the Belvedere is luxurious, with colorful quality fabrics and vinyl blended it perfect harmony with the shades used on the exterior. Long-wearing carpeting -- also in complementary colors -rounds out the ensemble. The following color combinations are available for the Belvedere: Suede Tan with Sable Bronze top; Belmont Blue Polychromatic with Sterling Grey top; Mint Green with Black top. brake pedal return spring; and a redesigned steering knuckle to provide more positive protection from road splash. Passenger and driver comfort has been increased with improvement* to Plymouth's ''Safety-Flow ride."* New cushioning-typs'ports in the Onflow shock absorbers, increased travel in the front springs and a new interliner for the rear springs provide quieter operation, reduced have been retained in the new Plymouth are the wide, deep chair-heigJit seats, the ease of entrance and exit, the combination ignition arid starter switch, automatic electric choke, super-cushion tires, and safety-rim wheels. There are ten body types in the new Plymouth line: the Concord scries includes a two-door sedan, a thiee-passcnger coupe, and the popular all-metal Suburban, and its country club cousin, the Savoy; the Cambridge series has a four-door sedan and a club coupe; and the Cranbrook scries includes a four-door sedan, a club coupe, a convertible Hub coupe, and tha pace-Betting Belvedere. ON DISPLAY FRIDAY, JANUARY 4th AT Phillips Motor Co., Inc. North College Motor Co. 620-428 N. ColUg* Avt. 901 N. ColUfl* Av«. Fayetteville, Ark.

Get full access with a Free Trial

Start Free Trial

What members have found on this page