Northwest Arkansas Times from Fayetteville, Arkansas on August 8, 1952 · Page 5
Get access to this page with a Free Trial
Click to view larger version
August 8, 1952

Northwest Arkansas Times from Fayetteville, Arkansas · Page 5

Publication:
Location:
Fayetteville, Arkansas
Issue Date:
Friday, August 8, 1952
Page:
Page 5
Cancel
Start Free Trial

Page 5 article text (OCR)

Interest Rates Creep Higher As Government Borrows More New York-Wl-InUrest rates creep higher as the Treasury borrows more and more money. It'i borrowing the money bemuse the government is spending more for defense and other items than it's taking in through Uxes, high as they are. ' And the Treasury is paying higher interest because its easy money policy of many years' standing took a drubbing some 1 months ago. When Treasury rates advanc Interest charges on commercia loans and individual linancin; such as mortgages, usually go u too. Faced with a "t'ght money mar kft," the Treasury this week of fered to pay the highest rate i nearly 20 years for one-yea rrtonfy--it will new pay two pe SHEARING * AID . t Sn»H«Mllyl»wOp*»tint Cot ... it Mri* mi onuhitd . of · ctnt per h«uri w · / · Scientific "Phont Magnet'****- lurei much lMr*t Mlcphen* c»nv»ri(rtiont f , / · lUiMrkiM* Fowtr Stlttlor Switch . . . fingertip Tfon« ·nd V*lum* Controlll Aliotilrc-MiglTltoyol,"/ txtro-pcwtrfvl "Suptf./J leyel" inttnimtnli. ^ *· tun Cut DIXIE RADIO 4M DICMOM PHONE 1141 MIA* IITTI* Ot f » Y NOTHINt cent on Treasury certificates coming due in one year, a rise of 1/8 of one per cent. Most significantly, perhaps, the Treasury said it wouldn't refund m December some 16',4 billion in ong-term bonds, bearing either two or two and one-quarter per cent. Financial circles here interpret lhat as meaning the Treasury feels it would have to offer higher rates t h a n that if it refunded in December. Officials Worry Treasury officials worry because this increase in interest rates means that the cost of carrying the public debt is growing, adding just lhat much more lo what the government spends each year. Some of them complain that the Federal Reserve Board, if it chose, could get the Treasury oft the hook easily by turning a "tight money market" into an easy one--through agreeing lo buy up any government bond offered on the market. Member banks could then sell their bonds profitably to the federal reserve banks, and get money to inept all the demands ot borrowers--both private and governmental. The Federal Reserve Board, however, considers this easy noney policy inflationary--con- ends it costs the country much more in price inflation than it aves the Treasury in interest payments. The U. S. Department of Agri- ulture has planned a healthful ow income diet which Includes nly 3D pounds of meat annually per person. Stevenson To Make Labor Day Talk In Detroit Swing Into The South Indicated; Campaign Mapped Springfield, Hl.-(/P)-Gov. Adlai Stevenson was reported ready today to kick, off his presidential campaign with a Labor Day speech in Detroit followed by a swing into the South to hold the Dixie vote in line for the Democratic ticket. JThis appeared to be the itinerary shaping up In the campaien headquarters directed by Wilson W. Wyatt of Louisville, Ky. This morning Stevenson p u t aside his work temporarily to attend ceremonies formally opening the annual Illinois State Fair. The . Fair Grounds will become some| thing of a political battleground I next week when speeches will be made by Stevenson, Vice President ' Albcn Barkley and the GOP vice I presidential candidate, Sen. Bichard Nison of California. Nixon is scheduled to speak on Wednesday and Stevenson and Barkley on Thursday. The Illinois governor will have a chance next Tuesday to discuss his campaign plans with President Truman in Washington. He will fly to the capital Tuesday morning, meet with the president and his cabinet, and return here in the evening. Truman said yesterday the meeting was arranged at Stevenson's request. Stevenson has not yet disclosed just what he wishes to Jiscuss with Truman and others on the Washington trip. Presumably it will deal with the campaign strategy and coordination of Stevenson's own plans with those of Truman. To Seek Labor Backing The tentative decision to open the campaign in Detroit, it was said, came afler young Fen. Blair Moody of Michigan invited Stevenson to make a Labor Day speech in the motor city. It is known t h a t Stevenson intends to make a strong bid for labor's support and Detroit is one of the strongholds ot the CIO. Four years agoPresident Truman formally opened his campaign with a Labor Day speech in De: troit. ' To Name Chairman One of Stevenson's major problems in the next few days will be to complete the organization which will help him in his campaign. The top item on this list will be to name a new Democratic national chairman to succeed Frank E. McKinney of Indianapolis who is reported on his way out. Mrs. Lucinda Bell, Who Saw Founding Of West Fork, Observed Her 94th Birthday In Town Where She Settled As Small Child BT MRS GEORGE FREEZE I Lucinda Epps was married to West Fork - (Speciali - Mrs. I James W. Bell December 2, 1878 Lucinda Bell, the oldest resident The ceremony wai performed in i of Vest Fork and whose parents i a buggy beside the mill. During b u i l t the first home here, cele-i their early married life the BelL« brated her 94th birthday yester- j planted moil of the maple trees day at her home. w hich are now a feature of the Aunt Cinda," who expects to, town. Maple Street, on which Mri reach 100, has watched West Fork Bell lives, is lined with «0-year- grow from a one house and a mill | old maples the couple brought to its present site. She recalls the I from Greenland in a bulgy early days when wild turkey and At one end of this sam- street deer were plentiful in the woods I stands the Assembly of God surrounding the community. I Church, on land given to the Mrs. Bell was born at Rogers- j church by "Aunt Cinda." The site vine, Tenn., m 1858. She came to of the Christian Church was also owned at one time by Mrs. Bell. "Aunt Cinda" wears glasses only for reading and close work. Her hobbies are sewing and visiting. She lives nlone and does her own housework and manages to find time for Sunday School and church every Sunday. Her recipe for a long life is "being a good Christian nnd a good neighbor." NOtTHWBT AMANSAS TIMfS. F^MMvife, Art.««. F,U.y, Auguif i. Its] « · · ' * "^' , , ' " . · _ ' _ ' ---- . r I I , _ . . ~ Arkansas with her parents. Mr. | and Mrs. Y. Y. Epps, as a child. ! The f a m i l y first settled at Camp- j bell, just north of West Fork. Shortly afterward they moved to what was to become West Fork, and erected the first house here. Mrs. Bell recalls lhat the only business in West Fork in those years was a mill. The mill served ,, .,,, ,, ,, Buuu .. c .»,. U u,. all purposes, acting as a Crist,: Mrs. Bell has two children, flour and cider mill and housing James Dell nf Fayetteville, and the post office in the bargain. I Mrs. Edna Latham of West Fork. Child, Impressed By Declaration Of Independence, Shows She Knows More Than A Little About Current History By RELM1N MOFIN . But he didn't know how many Re- New York - (ff) - It was a ] publican governors there have steamy summer day, hot and stit . ky , and not th( , ^ st ( i jn the world to take a little girl to Washington, sight-seeing. But, I thought, Mary isn't exactly a little girl any more. . . . She's nearly 13. . . Pretty soon she w i l l be studying American history in school. . . and then government. Practically nothing except been in Illinois since Lincoln. It's four, I think. Or three. No. I think they said four when they told the man." I started pointing out the landmarks, the Capitol, the Waihlng- lon Monument, Ihe Senate Office Building. "And there's the Jefferson . . . i-iacucaiiy noinmg except ,«,,,,,, · i .. -^ », . Bunker Hill and lhat picture ot I, M c m ° n a ' s " ' « M . r y . just ... Washington crossing the Delaware 11 1 !TM 5 ',° si ° v me . fl ;°m "lling it the Thai's about all any kid L ' nc , oln M«r°"»'- "There was a | whole page of colored pictures knows at that age. So show Mary the Declaration of Independence and the White '"'-House and a few things she can The Onl ' One YOUR VOTE TO RE-NOMINATE RALPH TAYLOR AS YOUR TAX COLLECTOR WILL BE GREATLY APPRECIATED "There It Ho Substitute for Experience" DEMOCRATIC PRIMARY AUGUST 11, 1ISJ _Polltical ad paid for by Ralph Taylor, Fayetteville SWING TO SCOTT Promote an Experienced Man TO COUNTY JUDGE Runoff August 12th I am asking you to promote me to the office of County Judge, upon my record as your County Clerk for the past Ten Years. I am huly proud of my record because if my service! were not what the people wanted, they certainly would have voted me out. I hove been on the job training for a promotion, just like any food worker would be doing in any other kind of business. Experience is an asset to any one. If elected your County Judge, I will fairly and impartially render service to all the people in all sec- Hons of our county in the grading, graveling and hard-surfacing of our roads. I invite you to examine my record as an official and as a citizen, and after having done that I believe you will go to the polls August 12th, and elect me your DEMOCRAT NOMINEE FOR COUNTY JUDGE. · Sincerely, ROY A. SCOTT Candidate for COUNTY JUDGE Your Vote and Support Appreciated Political ad paid for by Roy A. Srott, Fayelleville down her throat. simple. In the plane, understand. . . Maybe it will help when they start cramming history , . But make it -- , -, Mary suddenly looked up from the airlines map and said: "Dad, did you like Mr. Stevenson's speech better than Gen. Eisenhower's?" "What speeches do you mean'.'" "At the conventions," she said, patiently. "I don't know which one 1 liked best." I asked her how she knew about abo '" .Washington in the Sunday paper.' lhcrn - : in the Capltolf beneath th We went up to the Library of Congress and looked at the Declaration of Independence. It is faded badly now, but Mary stood, entranced, p a i n f u l l y spelling out th words and the signatures beneath "Is this the only one," «he atk cd. "This is the original. It'i the only one." For a long moment, she starec up at the bronze-yellow paper sheethed in glass, with the warm light glowing around the edges. "Gee," she said at last, "there must be some way of flxin 'On the »u LIIV i-iipuui, oeneain me nf TM,"' c '" shf :;Hi1 ''' greal ccntral dome, crowds of lan- i-w ..... . q ui() i ourisls wer( , mov | nB . a t,out peering at the portraits of jener- "I saw tlicm on TV. And I s::\v Mrs. Roosevelt and President Truman and just about the whole convention. It was prelty good, too." Ves, There's TV Well, of course, there is t; vision nowaday?. But you thin als and statesmen. Mary said. "It would have been · nrelty awful If both sides had the : A-bomb in the Civil War. ! Ford's Theater, where Lincoln of was nsrassinated, is a Lincoln kids looking; at nothing but west- | niuir.um now. Mary asked if there i * rns i were any tanks at the battle of "I'll bet o u don't know what i Gettysburg, and when were tanks Mr. Stevcmon's middle name is," i invenled. said Mary. I Tragic children! They have 'Certainly, I do. It's ." many things another generation "Ewing." she said. "I heard a never envisioned. But security man win some money on a radio j from wars and rumors of wars is quiz program when he knew that. I not for them -- not yet, anyway Veteran Postman Confesses Hoarding Mail In Basement Detroit - I/P) . Thousands of cast side Detroit residents toda ay began receiving letters four and sorting and Identification. Postal Inspector Earl Wheeler said Kortes had no real reason for five years old as postal inspectors i the thefts which dated back as far sifted through a basement-filling j as 10 years, pile of undelivered and stolen j "i didn't get anything out of m '''- I it." the mail carrier said. "I just The letters, cslimalcd at more | had to take those things. It didn't than 10,000, plus tons of packages containing every form of mailable merchandise, wer? recovered in the house of Roman Kortes, 50, a veteran mailman. seem right to leave them lying around. My wife told me I'd get caught, too. She warned me, time after time, i guess she was right." Postal officials began investiga- Kortes pleaded guilty in Fcdcr- j ting Korlcs afler householdeu, al Court here yesterday, less than along his route complained of not nx hours alter his arrest, to two receiving packages and letters sent charges of embezzlement from the to them, mails. .--. · "I had to do it." was all the ! Arenclei Need Help mail earner could offer in ex- i New York-Wl-Three health and planation at his arraignment. | disaster agencies appealed ycstcr- Fcderal Judge Theodore Levin I day for more t r a i n e d nurses and released Kortes on a personal physical therapists to help f i g h t bond pending sentence. The char- polio outbreaks in various sec- scs carry a maximum penalty of lions of the nation. The appeal 10 years in prison and a $4,000; V .. a5 issued by the National Foun- imf ' dalion for I n f a n t i l e Paralysis, the A veteran of 28 years in t h e American Red Cross and the postal service, Kortes was only American Physical Therapy As- scven years from retirement when socialion. ·lostal officials uncovered this f a n It Is estimated t h a t f i r e destroys over 460 m i l l i o n cubic feet of tastic hoard of packages nnd letters -- a collection so large t h a t two mail trucks were required to return it lo the post office iTM ! yc-sr. limber in the United States every Question On Personal Life Of McMarh Faked, Is Charge Jonesboro. A r k . -(/Pj- Governor McMath's accusation t h a t his opponent for governor, Chancellor Francis Cherry, Is m a k i n g insinuations abo-Jt Mi-Math's private life was based on a "faked question," Cherry supporters in Jonesboro charged yesterday. "The question wa» asked by I-. K. horn, a staunch M c M a t h supporter and wai f a k e d question," Craighead County Cherry for Governor C h a i r m a n Jim Sloan ·aid. "I have a f f i d a v i t ! from witnesses who saw ani heard him ask It." The quellon ws itked of Mr- M a t h by a member ol ihe mid- ifnce t h « t heard t h e third term candidate's speech here Wednes- day night. The question was asked ot Me- | horrible in your personal life thai ; your opponents won't discuss?" McMath answered: "In m a n y fcmlllos whether they are In public l i f e or not there ire experienced many great sorrows. The only way they can overcome them \i by comlnf cloier together. And that's what my wife, my mother and 1 have done and I think we have rendered a iervlc« to the people of Arkansas. "I've been In some rough campaigns. But in all the campaign! and political flghu I've been in, he's Ihe first man to refer by,' I n n u e n d o or otherwlxe lo my per-1 ion.il life." I Marriages Henry G. R i e f f , Hale Center, Texas, and Mrs. Ilai61 Brunwii, White Cloud, Mich., were married August 7 by County Judge W i t t Carter. Lloyd L. Davenport and Mrs. Colleen Evant, both of Dallas, Texas, were married August 7 by Jnmes H. Kays, justice of the pr-ce. Paul H. Hurd. Liberty, M o , and Ml'S Nancy Johnson, Kansas City, Mo. were married August 3 by H. F. Jackson, justice of the peace. I Otis Colbert and Miss Ernestine Cook, both of Broken Arrow, Ok- · la., were married August 6 by the 1 Rev. A. C. Buchanan. | Wayne Shullz and Miu Bessie i Crawford, both of I'ryor. Okl.-i . | were married August \ by the i Rev. N. V. Drake. Edward C. Rhodes, rtn.v.-ille, Mo., and Miss Thelma G Lawson, Kxcelsior SprlnKB. Mo., were mar- ; ' ricd August 2 by the Rev. Walter L. Johnson. : Duane w. Bkhop. Belview, K»n., , anrj .Miis Ida Jo Meacham, Summers, Ark., were married Aufult 3 by the Rev. J. Pat Salyer. Group life Insurance policies cover about 31 million, people In (he U n i t e d Stiles. A cross between cattle and biion developed by the C a n a d i a n gov- e r n m e n t is called cattalo. To the Voters of Washington County: My work in installing a better tax system in Washington County has been directed toward ONE important goal. The new printed tax receipts which I designed and have furnished to the Collector's office have relieved you of much tiresome waiting when paying taxes. Since I have worked through every step of this progressive method and have brought it into use in Washington County, it is only natural that I would want to operate this system for you. Asking for this promotion on my qualifications for a first term in public office. Sincerely, Lloyd McConnell Candidate for Tax Collector The OpH«tiM Cadidite It ietycrate! So MitleWiHf, So Utrttw, So Coufning An Hn Litt-Mimrt* SUfcmenrt Ttwt Here U P PROOF |353=Jw TRUE h**"** 1 ** TJ TM H toMM«y WAS TOM JGENTRY al££ Wl» failHileri MM F%tt p,(£staSBvJ**'H far Yew MttMf il PHONE CO. ·Mft CftMto Aft ·« Htvl ,, K^STjr?*: . , 'ISf S"tTcs.~ ».|;»."i ®H*5^ - - KpS^ And TOM GENTRY Is SWl $MMim fc CAaM the ONLY Hhmeff M* Ha* To PrattlM Itftn tht Uvt tl Uw IWtod States WIIK. fc*M J I, T-- . . t tart TM TOM COTTIY U (uMUt Don't Be Deceived, Voters! sunn it nt MIT CMM«« AMM* r« fen Tkt ttfnmt tmt tf Tfet (MM ft«n. . .W« fte tr My it* mm IJMW MM, « JMM Nfffto mi It's a VICTORY for TOM GENTRY i MI M w . «. a

Get full access with a Free Trial

Start Free Trial

What members have found on this page