Northwest Arkansas Times from Fayetteville, Arkansas on May 13, 1952 · Page 8
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Northwest Arkansas Times from Fayetteville, Arkansas · Page 8

Fayetteville, Arkansas
Issue Date:
Tuesday, May 13, 1952
Page 8
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NOtTHWBT MOMMAS TIMIS, hy . AriwrnM. y, M., II, 1*52 Easing Of Down Payment Rules Clipper Price Houses Studied Washinit(on-M') - Sentiment li growing In some government clr- %lts for an easing of down pay- B*nt requirements on houses in t» nwdium and upper price Xfcckels, which have not been Spirit too well. jjjScvorsl members ot the Federal Siscrve Board, which »dmlnlster» Regulation X over housing credit, liicyor the move, it was learned to- fey. £.Tho board is surveying Iho pros- ^j$cts and will ialk things over with Raymond Folcy, housing anc Itolne finance ndministrator, who ^rould ha\'c to concur. The housing agency WHS reported cooler Coward the proposal than yeservc Board members. ; A final decision is expected in the next few weeks. XIMIiif Scale vf Payment* I Rcgulalion X now requires flidlnr scale of down payments Storting at $1,5SO for a convcn- |ional loan on on $8,000 house nnd looming to SO por cent down on (11 houses above $24,500. Tioantt guaranteed by the ·HMfMCfff,*mamf- St.Joseph ASPIRIN JfORURUMBTSaiEIIATIOt crnrnent for veterans carry smaller down payments, from $750 foi an JB.ODO house to 4S per cent for houses above $24,500. Some hoard members think the present scale has some lumps in it, with some down payments Increasing out of proporilon to the price on homes of $15,000 anc above. These members ny ane-thlrc down would be an adequate requirement for the highest-priced homes. Starting downward irom this point, they would Install a lowor and more even scale of down payment requirements until they approached the present scale at about the $15,000 class. Under the present regulation, foi an $18,000 house, on conventional loans the down payment Jumps to $8,700 and on G. I. loans to $5,800. Thus » house costing $10,000 more than the $8,000 class carries more than half of the difference- more than $5,000--Included in the down payment. The housing market as a whole l« booming, but surveys by the reserve hoard show that sales of houses costing $15,000 and more arc relatively slow. There were almost 100,000 housing starts In March, the second highest mark on record. Orl-, Klnnl estimates of 800,000 starts! lee served Iced fruit juice, this year are belhp revised upward to more than one million. Because of this tendency toward a boom situation, the board will son, Mrs. Jerry Griffith, and Mri examine the prospects carefully. Bill Murdock. Spokesmen for realtors and builders, however, say the f/roposec channes would be a big'help to them In selling medium and high- priced home Prairie Grove The last meeting of the P.T.A. for this school year was held Wednesday at the grade school auditorium. A trio from the high school. Katie Sue Helm, Camilla and Kothryne Bidwell, accompanied by Jane Blakcmnre, sang "The Lord's Prayer," as an open- Ing for the devotional by Mrs. G. C. Bidwell. The pupils of the first grade gave a square dance, directed by David McCartney. The program was followed by a bus, ness meeting. Reports of commil mittecs were read. It was voted 1 live money for the redaroratlng o !he two wing schools, at lilinoi Chapel and Cove Creek. Mrs 3onc's first grade and Mr. Lasi ter's 10th grade rooms won th room count Mrs. J. Frank Holme presented two books, "Mr. Presi dent" and "The Golden Geog raphy," to Mrs. Ray Cornwcll in appreciation for her work in thi VT.A. during the two years sh las held office. The books, which bear a tribute to Mrs. Cornwcll will, he placed in the school II , brary. Mrs. C'ornwell, the out going president, Installed the new ifflcers for 52-53. They are Mrs Ruihr Flooring Luxury Plus the AdVantogfs of Dwafalt, Rw-Resfefont Plastic with Atntrco PLASJEX RUBBER TILE · EASY-JO-LAY 6x6-IN. SIZE · Standard Weight f/loose from 8 New Decorator Colors All Marbleirtd! 'rout CHOKE Of '· 'COLORS OHLY SAME COLORS... Sx MUCH SIZE MCH Mar ik A TEE THIS WICK'S SPECIAL VALUES IN WALLPAPER 35 LOVELY PATTEtNS-NONf OVM )*c ·k Designs for Every Room * VAlUtt MOM lit TO Sfe A ROU t3M9-29«-39« Giv« Your Horn* a Tnat This Spring With ^ 'COOK'S HOUSE PAINT It's BALANCED · TO GO-ON EASIER.., · TO LOOK BETTER... · TO WEAR LONGER... ·TO STAY WHITER! /T'S THE BEST COOK'S HOUSE PA/NT EVER AMDE/ $ 5" VALUE! * If YOU PKEFER COLORS, ASK TO SEE THE UAUTIFUl COLOR SELECTION OF COOK'S COMf AN*ONATt HOUSE PAINT COOK'S PAI UM row Cr«tt erf Cooft ( iASTSIDISQUARE-PHONI5Mj ack Cook, president, Mrs. Willard Irooks, vice president; Mrs. Vinci Jell, secretary, and Mrs. Leoi "'hurman, treasurer. Following the looting the Hospitality Commit- Bentonville Staff members of Bates Memorial Hospital, assisted by the Gray Ladies, held open house Sunday from two to six p. rn. in observance of National HoBpital Day. The Bentonville Alpha Phi chapter of Beta Sigma Phi recently presented the hospital with a new refrigerator, made especially for storing whole blood for the Red Cross blood bank. Another large refrigerator was donated last year by L. L. Baxter, Faycttcvillc, president of the Arkansas Western Gas Company. Members of the hospital board are Alvin Scamsler, chairman, Henry Cavness, and C. W. Lewis. Hospital staff members are Mrs. Ethel Hunnicutl, R. N., hospital manager; Mrs. Martha Talley, R. N., and Mrs. Edilh Bereman, R. N., nurses' supervisors; Val Pcriman, technician; Mrs. Mary Hughes, anesthetist; and Mrs. Eve Harn, office manager. A pink and blue shower was given Friday nlghl at the home of Mrs. Dill Gailey, In honor of Mrs. Amiel Rllcy. Guests were Mrs. Ed Hendrlx, Mrs. Lee Hamilton, Mrs. Juanlta Vcrmlllion, Mrs. Al Clopton, Mrs. Frank Cllft, Miss. Irene Snyder, Miss Jackie Yarbroujjh, and Miss Beulah Sootcr. Hostesses were Mrs. Ted Gilbert, Mrs. Joe Johnson, Mrs. C. F. Sanders, Mrs. Gailey, and Miss Barbara Lawson, Those sending gifts included Mrs. Carl Mayhall, Mrs. Bill Cantrell, Mr. and Mrs. Loy Seamsler, Bill Riley, Mrs. Brownie Hamilton, Miss Josephine Floyd, Miss Jo McRell, the Misses Donna Lee snd Margie Treffer, Mrs. Ray Jcffer- Plans for the iprin* Memoria Poppy Sale was the principal Itei of business at the regular mee Ins of the American Legion Aux Iliary, Unit No. 77, at the Leglo Hut the night of May 5. Popp chairman, Mrs. Ona Mae Moberlj announced .the sale will be hel May 24, the Saturday before Mem orial Day, All members who ca help with the sale are rcquestec to get In touch with Mrs. Moberly District officers will be electe at the district meeting of the Aux iliary to be held at Fayetteville beginning at 1 p. m., Sunday May 18, according to the notic received by Mrs. Bonnie Jeffer son, president of Unit No. 77 Election of officers for the loca unit will be held at the regula meeting June 2 at 8 p. m. at the Legion Hut. The annual Bentonville junio: senior banquet was held Fridaj night at 7:30 at the school car lerJa, with a Hawaiian theme as the motif. James Burnett acted as toastmaster, and the invocation was offered by Jimmy Kumpe Bobby George gave the welcoming address, which was followed by response 1 by Edward White. A trumpet duet was played by Carol Ann Wagner and Archie Ryan, and several selections were presented by Oliver Looney and Bob Russell as a string duet. Speeches wore given by Mrs. G. C. Tinnin, superintendent; Roy Featherston, Nancy Bingham, Dale Hulet, Sally DC Lauis, and Robert Tucker. Lillian Hart played the piano accompaniment while the group sang he school song, concluding the anquet activities. Guests attend- ng the banquet were the school ward members, their wives, and he school faculty. Following the dinner, the juniors and seniors icld their annual prom at the American Legion Hut. Home economists from Madison, Washington, and Benton counties met in Bentonville Saturday for a Trl - County Home Economic': meeting. Mrs. Harley Speed o! Si- oam Springs was the main speaker at the luncheon hold in the Wethodist Education building Mrs. Speed is a German war bride and has been in this country less han ». year. During the afternoon he group were guests of Mayor Alvin Seamster, who exhibited a )art of his large collection of intiques and historical documents. Those attending included Mrs. \. G. Stephenson and Mrs. Speed, ~iloam Springs; Margaret Brown- Icld, Margaret Gregg, and Miss jcota Alton, head of the Home tconomics department at the Uni- ·crsity of Arkansas, Fayetteville; ilrs. Gregg Wilson, Rogers; Mrs. iV. L. Scott, Farmington; Mrs. Mac Rodgers, Pea Ridge; Mrs. Carl Rrf«, Miss Earnestine Camp, ilrs. Craig Rosborough and Miss el King of Bentonville. General Says HacArthur Knew Reds Were Almost Beaten At One Time In Korean War Baltimore - IfPi - One of Gen. | American Legion meeting here. It Douglas MacArthur'g former high aides says that the ousted Far Eastern commander knew from an intercepted enemy message that was rcbroadcast in part over radio station WFBR. MacArthur was supreme commander of Allied forces in the Far he had the Communists just about East at the time Fellers said the knockeri out in Korea. As a result, said Brig. Gen. Bonner Fellers (ret), Mac-Arthur proposed that the Reds "talk truce or ct:?s2-fire." Fellers, former chief ··£ psychological warfare for MacArthur, told of the mysterious note in a recorded speech last night. The talk had been given earlier at an message was intercepted. The former aide stated it was sent by Communist troop commanders intended for headquarters in Peking. Fellers quoted the message translated as: "We are out of ammunition. We are in a very untenable position at the front. Our losses are ter- rific We've fot to h»ve t»nki, we've jot to have supplies »nd we've got to have air power. Get us a cease-firr until we can build up." "As » result of .that message," Fellers said in the broadcast, "MacArthur asked his opposite number, the Chinese commander, to talk truce or cease-fire." "This was one of the reasons MacArthur was lifted out. They said he'd gone way beyond his job as a military commander." President Truman fired MacArthur 13 months ago aftef the general had advocated a stepped-up war against the ChjMse Communists. A spokesman for MacArthur said in New York last night nei- ther he nor the general had seen the speech and had no Immediate comment. Come IR iiri See Us About Our Eoty Paymtnt Plan on IU-Modiling Your Home, Building N«w Garago, Chicken HOUM or Milk Barns, etc. Clifton Lumber Co. PhaiM 27. W*tt Fork, Ark. TmrseifL EVERYTHING M UMIINO and SUPPIIB FAYETTEVILLE IRON and METAL CO. OOVHtNMINT AVI. A Spectacular Performer--A Wonderful Value! Come in, ftet behind the wheel of a new Dual-Range* Pontiac and watch all your driving troubles fade away! In Traffic Range you'll ease through the toughest traffic so nimbly, so easily, so smoothly you'll hardly know there's another car around. On the open road, you're In Cruising Range--so smooth and quiet it's almost like coasting. In Cruising Range you actually reduce engine revolutions as much as 30 per cent! No wonder you save gasoline every hour you drive. Come in and see this grett new Pontiac--America's lowest priced straight-eight; the lowest priced car with Hydra-Matic Drive. Let us show you the wonderful deal we can make that will put you behind the wheel of your own new Pontiac! Dollar for Dollar yon can't beat a Ifltiu riJault lirts a txbt an. HATFIELD PONTIAC CO. 22-24 EAST MEADOW FAYETTEVILLE, ARK. YOU'LL ENJOY THE Gas Cooking School SPONSORED BY CY CARNEY APPLIANCE COMAPNY AT THE AMERICAN LEGION HUT FRIDAY, MAY 16 Grand Prize A BEAUTIFUL MAYTAG GAS RANGE FREE Everyone Invited! FAYETTEVILLE 2:00 TO 4:30 Other Prizes Too PLAN TO ATTEND THIS EXCITING AFTERNOON OF COOKING ENTERAINMENT Bring Your Neighbor, Too! WESTERN QAS COMPANY "Helping Build North and West Arkansas"

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