The Courier News from Blytheville, Arkansas on January 7, 1955 · Page 3
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The Courier News from Blytheville, Arkansas · Page 3

Blytheville, Arkansas
Issue Date:
Friday, January 7, 1955
Page 3
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FRIDAY, JANUART T, 1985 BLYTHEVILLE (ARK.) COURIER NEWS PAGE THRE1 Mid-South Solons Say Ike's Speech Generally Good But Most Adopt .'Wait and Set' Attitud* By GORDON' BROWN WASHINGTON (AP)—Senators and Representatives from Arkansas, Louisiana anil Mississippi found President Eisen bower's State of the Union message "generally good" but most of them adopted a "wait and see" attitude on specific points. Sen. Eastland ID-Miss), while terming the talk "a very tine address," called it Eisenhower's "announcement for President In 1956." Rep. Trimble (D-Ark) said he thought the address was "a good Roosevelt-Truman speech." Sen. Fulbright (D-Ark > likewise found the President's foreign policy statements "good Democratic doctrine." Comments of Congress members from the three states included: Sen. Ellender (D-La): "When the President states that farm conditions are improving he is indulging in wishful thinking. In view of the fact that he apparently wants to give the farm bill 'be passed lust year a chance, it would be futile for Congress to attempt to change it. However, efforts will be made.. Sen. McClellan , (D-ArkI: "In terms of its generalities it was very good. It contained nothing dynamic. Like all State of the Union messages It needs amplification." No Time for Reducing Sen. Stennis (D-Miss): "1 agreed with his ' military program and think he should push it. If his mill tary reductions are the result of mechanization they will be justified but this is no time for a reduction in our strength." Fulbright: "I agree with his foreign policy — it is good Democratic doctrine. Generally speaking, a good program but I am not ready yet to comment on specific details." Rep. Brooks Hays (D-Ark): "I found little with which I take issue — I look forward to later details. It wV.s an excellent statement of his record of (he past two years for which he rightly claimed credit." Rep. Abernetliy iD-Missl: "The American farmer is the only man who can complain — it offered something for everyone but him." Rep. Boggs ID-La): "It covers the water front. We will have to wait for his specific message on domestic policy. His comments on national defense and foreign policy were excellent." Rep. Brooks (D-La): "It was a Mother Hubbard type of speech- it covered all the subjects. I am especially pleased that he referred to the need for setting forth a water conservation policy. On the program I want to listen to all evidence before I go along with any reductions." Discouraged Rep. Smith (D-MissI: "The President's statement of foreign policy objectives was reasoned and temperate. He is entitled to bipartisan support in the efforts to meet these goals. I am discouraged at the failure to offer any new ideas in the way of a farm program." Rep. Whitten (D-Miss): "He promised something for everyone but the farmer. Apparently he still be- Hves that lower prices will help the farmer. He still is wrong." Rep. Harris (D-Ark): "He now has made a formal announcement for 1956. And now we know what 'moderate - progressive' means. Under Rgosevelt it was the New New Deal; under Truman the Fair Deal..." • Rep. Winstead (D-Miss i: "On the whole he made a good general speech. I disagree with him on some points. . . .However, we must wait for later messages on specific points. Rep. Conner (D-Miss): "It was about what was expected. It dealt largely with generalities. On the whole It was a little to the left or center." 9 Children Crushed MEXICO CITY i/fi — Someone cried "Fire" during a children's matinee at the Colonial Theater yesterday at Apiia-scallentes, 250 miles north of here. The cry sent children fleeing in panic. In the crush nine were killed and mon: than 40 injured. The person whc gave the false alarm has not beep, found. Commodity And Stock Markets- N«w York Cotton (1I:M •mtatUM) Mar ,..',... 3460 346C 3460 3463 May 3489 3498 3480 3404 July 3504 3512 3504 3510 Oct 3502 3512 3502 3510 Dec 3506 3514 3505 3513 N«w Orleans Cotton Mar •. 3481 3465 3460 3465 May 3491 3497 3491 3497 July 3508 3516 3508 3513 Oct 3507 3512 3503 Dec 3511 3515 3503 3510 3515 Chicago Soybeans Jan ... 281'.1 282!-i Men ... 278',i 279 >i May ... 278 279'A July ... 275 278 Chicago Corn Mch ... 155?;, 156!', May ... 158% 159 Chicago Wheat Mch ... 2313, 231^ May ... 227 327?i 27814 2761/4 2753,4 273% 2801', 278 277% 27414 155 157 159 New York Stocks A T and T Amer Tobacco Anaconda Copper Beth Steel Chrysler Coca-Cola Qen Electric Gen Motors Montgomery Ward N Y Central Int Harvester Republic Steel Radio Socony Vacuum Stud-Pak Standard of N J Texas Corp Livestock NATIONAL STOCKYARDS, on—<USDA) — Hogs 9,500; fairly Obituary Riggins Rites To Be Sunday Funeral services for Mrs. L. E. Riggins, 73, will be conducted Ht 2 p.m. Sunday in First Christian Church by the Rev. James W. Rainwater. Burial will be in Klmwood Cemetery with Cobb Funeral Home In .charge. Active pallbearers will be Marion Ulmer, Bill Stinnett, Raymond Mills, Spencer Mills, Charles Leggett and Ffed Boyelt, Jr. active, barrows and gilts weak to mostly 25 lower than yesterday's average; weights over 280 Ib hiding up best; sows unchanged; bulk choice 160-20 Ib 17.75-18.25, latter mostly.for uniform 170-200 Ib; few lots choice no. 1 and 2 18.25; 220240 Ib 17.25-18.00; 240-270 Ib 16.2517.25; few 17.50; 270-325 Ib 15.7516.35: 130-150 Ib 17.00-75; sows 400 Ib down 15.25-75; heavier sows 13.50-15.00; boars 10.50-13.00. Cattle 800, calves ,400; sales mostly steady in cleanup trading on commercial and good steers at 16.00-20.00; cows finding active sale at firm prices; utility and commercial 10.50-13.00; canncrs and cutters 8.00-10.50; bulls steady; utility and conimereia} largely 13.00-14.50; lightweight butcher bulls to 15.00: canners and cutters 0.50-12.50; vealers and calves unchanged; good and choice vealcrs 22.00-30.00; Individual head prime to 32.00; commercial and lav.' good vealers 15.00-21.00. ASSEMBLY (Continued trom Page 1) backers, some will be passed and others will be defeated. The measure In sight at, tne moment which probably represents the most painstaking preparation U the much-discussed water rights bill. This would set up the machinery lor allotment of water from the state's rivers and lakes among the various users and types of users. Drawn after several years of study the bill has been hailed by its sponsors as an attempt to conserve nnd use wisely one of the state's most RO 14 I ' m P OI 't anl natural resources. 1 So far there's been no open opposition to the bill, but it seems unlikely that so far-reaching a piece of proposed legislation would have smooth sailing through both houses. Sen, Marvin Melton of Jonesboro ts chairman of the organization which prepared the water rights 51 5-8! kiH. Melton may introduce the pro- 14 l-2|P° sal 109 3-8! Two bills have been drawn to ! modernize Arkansas' antiquated ; status on public printing, supplies land stationery—laws which were {passed long before present—day "'•; equipment was introduced and before many modern processes had 231 2271-i 173 1-2 65 48 3-8 113 1-4 49 1-8 96 1-2 79 1-4 35 1-2 36 3-8 79 1-4 38 5-8 J 84 been invented. ONE BILL h the work of a CARSON LAKE MASONS — The officers of Carson Lake Masonic Lodge were installed at a recent meeting. They are (first row, from the left) Stanley Pierce, Clyde Chism, Gilbert Wiley, H. O. Yates, Sr., Oscar Davis; 'second row) Glenn Shull, H. H. Crawford, Eunice HaJford master of ceremonies. M. I. Upion; (third row) Raymond Dorman, Ed Williams, Paul Bussey, A. J. Porter. UN Head Chou Meet 2nd Time TOKYO ag Haminarskjoid held a second meeting today with Premier Chou En-lai of Red China, and scheduled a third for tomorrow. Today's session lasted 3 hours 45 minutes, and brousht to more than seven hours the time consumed by conferences between Peiping's premier and foreign minister and the U. N. secretary general, .seeking the release of 11 U. S. airmen imprisoned as spies and other personnel held in Red China. Their first session had run S!i hours. The reports of the meetings in Peiping come from Peiplng radio, and in dispatches from the Ham- marskjold party to U. N. headquarters in New York. These reports listed the advisers present for each side, but gave no details of the talks. Sec. Stevens May Be Ready To Quit Post NEW YORK tfv-The New York Times said today that Secretary of the Army Robert T. Stevens will resign "just as soon as President Elsenhower has found a successor." "John G., Adams, counslor of the Army, who shared with him the pitiless glare of televised ;wb- licity during the Army-McCarthy dispute. Is expected to go at th» same time." a Washington dispatch to the Times said. The Times said Stevens may stay in his post until Feb. 4, his second anniversary in office, but the story added that "authoritative sources said the recurring rumors of his resignation at last would become fact within the net six weeks." The story said Stevens '-is reported to be in poor health as a result of the mental anguish he has been suffering" following the Army's dispute with Sen. Joseph R. McCarthy (R-Wls). New Yorker Denies Any Part In Assassination; Still Held By LUIS N'OU PANAMA ifi — A New Yorker grilled in the slaying of Panama President Jose Antonio Remon has denied any part in the murder, but police said last night they would continue to hold him. Secret Police Chief Jorge Luis AJfaro said that, despite denials by the American, 34-year-old Martin Irving Lipstein. "there are in- UD jdications that justify his deten- 'tion." Ho did not elaborate. little tried Rescue Effort Fails-Three Die in Flames APOKA, Fla. IIP, — Two girls and their father who desperately to save them died in a fire which consumed their home two miles southeast of here today. Dead are Egon N. Thollander, 53, and his daughters. Connie, 4, and Linda Sue, 3. The mother. Mrs. Ruth Thollan- der, and another daughter, Martin, 5, were treated at a hospital for minor cuts and burns. Firemen said the fire apparently started from a lighted cigaret. Thollander re-entered the blazing home after he and his wife saved their five-year-old daughter. His body 'was found beneath a crumbled wall. The bodies of the two little girls were found in their joint crib. said the concernii FBI had contacted him his son but would give Lipstein, arrested at Panama's airport 24 hours after assassins cut down Remon and two other men Sunday at Juan Franco race track, was permitted to talk to a U.S. Embassy official yesterday. The attache said Lipstein told him he was in good health and j had not been mistreated but that | he had not known why he was j jailed until two days after police i picked him up. , | Lipstein, a former schoolteacher. said he nad been studying voice in Mexico and identified his father Harry Lipstein, a retired life no information about their inquiries. *Panama Police, meanwhile, continued to question scores of suspects. At least 70 persons have been rounded up and 21 later released, authorities said. Security measures throughout the republic were tightened under a .slate of siege proclaimed Monday. National guardsmen broke up groups of more than three persons in the streets. Bars and night clubs were ordered to at midnight. No music was allowed— not even from juke boxes. of printers. The other was prepared by the research staff of the Arkansas Legislative Council at the request of several legislators. Almost certain of introduction is one or more bills to abrogate or modify the provision under which utilities are permitted to institute a rate Jnnrppfic with posting of a surety bond to guarantee refunds if any should be ordered. The practice, authorized in a 1953 act, became an issue In last summer's political campaigns. A committee of the Legislative Council has recommended modification of the bond posting provision but hnsn't said just what change it thought should be made. Sen. Artie Gregory of Little Rock ha,« said hr will seek consolidation of the jobs of highway director. : this y*ar to cut the dealer's profit __ ^ iit ^ ivj K __ _ a anri chief engineer in the Highway j increase the tax or both. Some such |SinaH Lmje Rock ho(e] had insisl . insurance agent. In Brooklyn, N.Y., the father DEMOCRATS (Continued from Page 1) Knowland (R-Calif> edyed nearer agreement with Eisenhower on foreign policy by observing that the message carried "no appeasement or policy of waiting for the dust to settle." He said the administration advocates a "peace with honor based On strength to meet any further Communist adventures or aggressions." .In ihe past, Knowland has advocated more vigorous moves against the communists than Elsenhower has been willing to undertake. , Morse Applauds Sen. Morse (Ind-Ore), who was highly critical of some of Eisenhower's domestic proposals, tacked a "statesmanlike" label to the President's proposals in the foreign and military fields. Sen. McCarthy (R-Wisi said he [ was "extremely disappointed" that ] Eisenhower proposed no "positive [ action" toward freeing Americans [ held behind the Iron Curtain. But! McCarthy was apparently, alone in \ LITTLE ROCK '•& — Prosecutor j his criticism on that point. j Sen. Bridges of New Hampshire, Statement Due On Little Rock Call Girl Racket Bill Would Permit Scorpions in Mail WASHINGTON i* — A bill per-i uniting live scorpions to be sentj through the mails lor medical pur-j poses has been introduced in the | Senate by Sen. Goklwater (R-Ariz). I Forty-four cars of a Frisco freight jit would be up to the postmaster' general to determine bow the j scorpions could be safely packaged, Frisco Freight Derailed En Route To Memphis WILLOW SPRINGS, Mo. General recognition of horse colors is gray, roan, dun, bay, brown, black and chestnut. broader, more realistic program for the reserves." j Rep. Vinsbn <D-Ga», who will) head the House Armed Services j Committee, said he was "in gen- i eral agreement with the Presi- j dent's message concerning our national defense," He said that "obviously, we will want to examine closer the details involved in his program." Rep. Cooley ,(D-NC>. incoming chairman of the House Agriculture Committee, expressed renewed opposition to the administration's flexible farm price support program, and predicted that it would be taken off the books. train were derailed about .seven miles north of here In-st night. No one was injured as the 44 cars of the 91 car train, bound from Springfield to Memphis, left, the rails. Railroad officials said the cause had not been determined. The engine remained on the tracks. Wrecking- derricks are enroute to the scene from Springfield and Memphis and arc expected to have the line cleaned by noon today. Meanwhile, some traffic is being detourcd over Missouri Pacific Lines. Twe n ty- fi ve of the cars were loaded, 13 of them with ore. B47 Crash Kills Three BRAMAN. Okia M»j—A B47 Jet bomber crashed and killed thre* Air Force officers yesterday. The six-engine bomber was on » routine training mission from McConnell Air Force Base, Wichita, Kan., ivhen it suddenly developed trouble near this northern Oklahoma farm community. Frank Holt is expected to issue a .statement today on Hie investigation of a call girl racket in the Little Rock area. First indication of a possible organized racket came when climrman of the Senate Republican Policy Committee, said it was cheering news that while tax cuts might have to be deferred this j year because of defense necessi- Idmcd at Highway Director Herbert EldridEe. The Ffl<rhway Commission probably will come in for other critical attention too. Some lesislators | backed by county judges and others attempt is made nearly every session., ed There have been rumblings too | s of a proposal to establish a state jj liquor monopoly! That's customary j " every-other-year talk. but. of course • nol wani to pr0 secute the girls, the complained to police that a | i ies lhev mignl materialize next Little Rock hotel had insir* ' on one large check instead eral small ones to cover a police that he did it might materialize this time. i hotel manager or Ihe porters who ! have exprcssrd resentment at the [ A few other measures which in-' were involved in the deal. | commissioner's right of way policies j dividual legislators have said they. which critics say circumvent pro- j cedure.s established by law in 1953 legislative se.ssion. THE VOTKRS in the November oral election set aside a 1593 cat which would have reduced wholesale liquor dealers' price markup and increased the consumers' tax slightly for benefit of livestock shows and county fairs. It's probably safp to predict that 'Father' Wasn't Daddy After All DETROIT Ivfl — William Richmond, 47, has gone to court complaining that !ie went, with a woman for three years before learning that her "father" was her husband. Richmond sued Mrs. Billie Hendley Lowe, 45, and her husband Robert, 50, for $1,532. He said he pave Mrs. Lowe that much mpnej for house and car payments during his courtship. While be wns going with her from 1950 to 1953. he st\ld, she represented herself as an unmarried woman named Miss Billie Hend ley. Finally, he said, he demanded that she either marry him or return the money. It was then, he asserted, that she revealed her marriage. would propose include; Repeal of the 1953 relative sponslbllity law -designed to require the financially-able to help support indigent kin, re _ [Airman Picked Up — An American air- j I think in all candor the admin- , TOKYO man drifting |" Sen. Douglas (D-I1U termed Ei- j senhower "too optimistic" about I "The President should not ig- i nore the fact that 1954 was a year . i of recession," Douglas said. "I; j hope things will be better in 1955 : ' but the fact remains that there is ; serious unemployment in textiles j coal mining and heavy machinery. in a rubber boat was [ istration not An increase in length and amount: Picked outline sea J50 miles} and ^ of unemployment benefits. ' i! ' " r "' " " Issuance of automobile , license for three years instead of the ; He was believed u> be the pilot 1 of a U. S. plane that fell into thr tnortheast of Okinawa today by driver's l Japanese freighter. should face those issues sweep them under the I Reddy Kilowatt Says— The KEY to Better Sight is Better Light! Buy your supply of Light Bulbs from the Kiwanis KEY Club Ark-Mo Power Co. there'll be some kind of an effort ense tags. present one-year period. And some change to simplify the present procedure for obtaining lie- Pacific Thursday about three miles north of Amami CXshima Island His name was withheld. In the military field. Sen. Sten- ; nis i D-Miss i, a Armed Services j Committee m e m b e r, backed j , stronger reserve proposals, as did j ! Sen. Smathers 'D-FUO, who found {in the speech the prospect for "a : Announcement Mr. C. D. Clark has purchased complete stock, furniture and fixtures of the Western Auto Associate Store, of BIytheville, as of December 30th, 1954. The new management will continue to operate under the same firm name. We are pleased to announce that we hav Mercury agency to Bud Wilson, who will operate in the same location and with the same personnel We wish to take this opportunity to thank you for your patronage and solicit your future business for Mr. Wilson. Motor Co. Reserve District No. 8 State No. 81-105 Report of Condition of The Formers Bank and Trust Company of Biytheville. Arkansas, at the close of business December 31, 1954, a Slate banking institution organized and operating under the banking Jaws of this State and a member of the Federal Reserve System. Pub- j lislied in accordance with a cali made by the State Banking Authorities and by the Federal Reserve Bank of this District. | ASSETS : Cash, balances with oilier banks, including reserve balance. | and caih items in process of collection 5 2,163,904.49 ' United Stales Government obligations, direct and guaranteed 5.B41.858.00 "Obligations of States and political subdivisions 225,121.83 i Corporate stocks i including S30.000.00 .stock of Federal Re- I serve bank) 30,000.00 i Loans and discounts 'including S919.29 overdrafts* 4,288.167.52 I Bank premises owned S-J7.500.00, furniture and fixtures ; SI9.039.00 fifi.539.00 Other assets 17,519.49 ; TOTAL ASSETS $12.433,110.33 i LIABILITIES of individuals, partnerships, j Demand deposits i poriuiun.s . Time deposits uf individuals, partnerships, and corporation j Deposits of United States Government, i including postal i savings 1 •;. Deposits of States and political subdivisions i Deposits of banks ? Other deposits 'certified and officers' checks, etc.' i TOTAL DEPOSITS $11,295,744.33 Other liabilities and cor- $ 7,816,616.83 1,810,321.48 860,321.19 493.238.60 113,399.36 141,846.28 TOTAL LIABILITIES mot. obligations sho\vn below .. CAPITAL including subordinated ACCOUNTS ..$11.322,737.12 Capita)' S 200,000.00 Surplus 800.000.00 Undivided profits 80.373.J1. Reserves (and retirement account ior preferred capita!)... 30,000.00 TOTAL CAPITAL ACCOUNTS ...................... $ 1,110,373.21 TOTAL LIABILITIES AND CAPITAL ACCOUNTS. . .$12,433.110.33 •This bank's capital consists of: Common stock u-ith, total par value of 5200,000.00. 1,636.000.00 30,101.43 MEMORANDA Assets pledcd or assigned to secure liabilities and for other purposes ......................... . .................... Loans as shown above are after deduction of reserves of — $ Loans to farmers directly guaranteed and redeemable on demand by the Commodity Credit Corporation, and certificates of interest representing ov.'tlership thereof ........ 1,663,883.13 Total amount of loan-s, certificates of interest, and obligations, or portions thereof, which are fully backed or insured by agencies of the United States Government lothcr than "United States Government obligations, direct and guaranteed"! .............................................. *1,«63,883.73 I. R. A. Porter, vice-president of the above-named bank, hereby certify that the above statement is true to the best of my knowledga and belief. R. A. PORTER, Vice-Presidcnt. correci— Attest: 3. A. LYNCH L. H. WELCH • F. E. WARREN, Dlrecton. State of Arkansas, County of Mississippi, **'. •• Sworn to and subscribed before me this 4th day of January, IMS. ,. Scnl , JUANITA RIQOB, Notary Public. My commission expires January 21, 1956.

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