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Mason City Globe-Gazette (Newspaper) - November 15, 1957, Mason City, Iowa North Iowas DailyNewspaper Edited or CITY IOWA FRIDAY c HOME EDITION Payer Coasts of Two SectionsSection Discount Rate Is Sliced Tight Money Policy Eased WASHINGTON WThe Federal Reserve Board gave the nations levehngoff economy an unex pected shot in the arm Friday by cutting back its discount rates in four sections of the country The immediate effect is to make it easier for banks to ob tain money for lending to busi nesses and the general public And it appeared to herald an asln8 of tight money policies that have accompanied a two year business boom A spokesman forthe Federal Reserve Board said the action 11JDC j i was recognition that inffation at least temporarily has ceased to be the dominant factor in the economy No Cause for Alarm He emphasized however the hoards belief that there is no reason for any public alarm that a business recession may lie ahead The board announced that ef fective Friday the discount rate would drop from the 24year high of m per cent to three per cent at the federal reserve banks in Atlanta New York Richmond and St Louis Similar action by the eight other reserve banks is expected soon The action came at a time when seasonal demands for money are high Both business men and purchasers tend to in crease their borrowing as the Uinstmas shopping season ap proaches The discount rate is theinter est which the 12 federal reserve banks charge theirmem ber banks on borrowed funds Banks borrow from the reserve system when they need extra money to meet the demand for loans A low discount rate en courages them to borrow in or der to make commercial or per sonal loans thus helping 10 keep the economy rolling at a brisk pace Generally Pleased Wall Street was generally sur prised but pleased with the news It was called constructive stimulating forthright and courageous and recognition by the Federal Reserve Board that the forces of inflation are re ceding That however wasnt a unani mous opinion One major bank HAUPT DEP9RTED Hans Max Haupt 63 convicted of treason in World War II is escorted to a waiting plane at New York for deportation to his native Germany Haupt a naturalized citizen was stripped of his citizenship and sentenced to life m prison for harboring his son Herbert a Nazi spy during the war His sentence was commuted on condition that he be deported and never return to fhis country WantParking on Federal Continued Retail Division Reverses Stand Members of the retail division of the Mason City Chamber of Commerce voted 294 Thursday to ask the cityrcounciLto con tinue parking privileges on Fed eral Avenue The council on Oct 7 had au thorized the mayor and police department to remove parking on both sides of Federal from 4th N to 2nd S Meters removed from that area were to go on other streets nearby That action had previously been recommended to the coun cil by both the retail division and the streets and highways com mittee of the chamber The ac tion Thursday by the retailers was a reversal of previous senti Recover Bodies of 17 Wreckage of Plane Found HONOLULU tflThe Navy has recovered the bodies of 17 per sons who were killed when a Pan American Airways Stratocruiser vanished over the Pacific Ocean a week ago Pressed was a relentless ocean search for additional bodies and debris that might provide clues to the fate of the plane that disap peared with 44 persons on a flight from San Francisco to Hawaii Three of the bodies had wrist watches stopped at The last radm message from the plane a routine position report was re ceived at p m Friday Twelvebodies had on life jackets There was some evidence of fire m the considerable debris consisting of mail cushions mis cellaneous buoyant parts the Philippine Sea re ported Wide Area Combed The bodies were found Thurs day as the carrier combed a more than 100mile square area 955 miles northeast of Honolulu with a flotilla of small boats picking up debris from the Romance of the Skies which vanished with 36 passengers and a crew of 8 With small boats from allships in the area working under heli copter guidance the Navy said it expected to exhaust the possibil ity of survivors and recover all available bodies and significant material from the area byVo m Friday All the bodies found were shoe less most wore life jackets and all had external injuries arid on NATO Meeting NiKITA SAYS Russ Wont Ever Start World War III By HENRY SHAPIRO MOSCOW UP Nikita Khrushchev Friday claimed that the Soviet Union has won absolute world rocket and mis sile superiority but he said the Soviets will never start a war In the event of another war he said it would be fought on the American continent but we too mensely would suffer im In an exclusive inter view with the United Press the Soviet party chief expounded freely on world problems as he saw them and made these ma jor points Prospects for preserving IT GRANDMA President AP Photofax Left quiet family party to celebrate ment Traffic Speedup official said speechless Im astounded and I regard it as wholly unwarranted Even though the money market has been easing with a falloff in loan requests the boards action came as a surprise The Weather Mason City Mostly cloudy with occasional rain or drizzle through Saturday Low Friday night near 40 High Saturday 4244 Iowa Occasional rain north Fri day night and east Saturday A little colder northwest Friday night and over the state Sat urday Low Friday night 35 northwest 42 southeast Five day Iowa Temperatures will average 3 to 6 degrees below normal Saturday through next Wednesday Normal highs 43 north to 49 south Normal lows 25 north to 29 south Cold er at start of period with only minor temperature changes thereafter Precipitation will average onehalf inch to one inch occurring Saturday and again about Tuesday or Wednesday Minnesota Snow starting Friday night north and west central and rain over southeast and ex treme south Saturday light snow diminishing west and north and rain ending by late afternoon southeast High Sat urday 3540 GlobeGazelle weather data up lo 8 am Friday Maximum 42 Minimum 33 At 8 am 40 Precipitation Trace Since the earlier action one way traffic has been instituted on state Street and 1st South though the downtown area The police department reported that move highly successful in speed ing the flow of traffic A year ago Geprge W Barton and Associates Evanston 111 traffic engineers recommended to the city council oneway traf fic northbound on Delaware from 8th SE to 6th NE and oneway southbound on Federal multiple fractures theNavy re ported The cause of death is considered to be the extensive injuries and fractures the Phil ippine Sea radioed Ditching Presumed Coast Guard Capt Donald Mac Diarmid said the evidence indi cates the pilot did not have every thing go sour suddenly or he would not have had time to wam People to get into jackets and get their shoes off I would as sume the pilot ditched the air ff 1 to 30th on Wage Schedule the Governor from 22nd to place among the highest paid of about 25000 persons on the state payroll craft the same distance Opposed Idea City Engineer C W JTamblin opposed that idea and favored removal of parking from Fed eral Ave Hamblin moved to St Paul Nov 1 The retailers also voted over whelmingly for an earlier deci sion to have extra nights of shop ping before Christmas Thevote came on a suggestion to increase tne number In addition to the regular Fri day night store openings the stores also will be open until 9 Pm on the four Saturdays from Nov 30 to Christmas and also on Monday evening Dec 23 AFLC10 TAKES Removing the shoes is routine preditching practice for planes at sea A Navy officer who has been participating in the search from Pearl Harbor said there could be three reasons why the plane sent no distress signal Thats the big mystery said the officer who declined use of his name He said there could have been propeller could have The chief executive probably il drop some more on the list for fiscal 1958 because of addi tional salary boosts given as of last July l That was the begin ning of the present or 1958 fiscal year year For the 12th consecutive ctll the presidents of the State Uni versity of Iowa and Iowa State College Virgil Hancher and Jamos Hilton tied for the top a fire a blown off or a meteor could have hit the plane He considered the loose propel ler the hkeliest cause He said propeller could have g through the fuselage made gone ightangie turn and hrough the entire plane knock ing out all communications 8 AND O CUTBACK BALTIMORE to The Balti l more and Ohio Railroad yielding to the aulo and the airplane wants to quit the passenger busi ness on the highlycompetitive R York The Thursday it was re questing permission to discontin ue 14 trains on that run Youth Admits Slaying His Stepmother MINNEAPOLIS UP A sub urban Minneapolis boy 15 ad mitted Thursday night he killed his stepmother with a shotgun blast m the back when she sent him to his room to study Dennis Lepp St Louis Park surrendered voluntarily to police and readily confessed slayine his stepmother Lillian Lepp 35 Den nis told police he didnt like his stepmother and had considered harming her before FRANKFURTER IS 75 WASHINGTON Court Justice Felix Frankfurter who could have retired with full pay at 70 celebrated his 75tli Ibirlhday Friday as oj July 1 their pay moved up to apiece There were many other raises given as of that date most of them to educational in stitution personnel The present annual salaries of the two college presidents at each compare with 500 paid the Governor He and most other elective state officials will get raises of each ef fective Jan l they are reelected next year Third in Line Third in line behind Hancher and Hilton for fiscal 1957 was Dr F H Spedding of Iowa State Col lege His salary as director the Institute of Atomic Research was but it was all paid by the federal government as in the past He continued in third place Speddings salary m fis cal i956 was In fourth place was Dr Nor man B Nelson dean of the SUI Medical College and director of the SUI Hospitals He received a total of for the two posi Bakers Union Is Suspended the federation Meany President said actions of the Workers Executive Senate Rackets Committee e AFL Board constitute failure and refusal to comply with an Oct 2o order of the AFLCIO Execu Council T Jl n Scf SSS SSS4T hold JSScsihS SBV Wrterf u James G Cross for personal gain Bakery by reinstate Curtis R and were dominated corrupt influences The suspension Meany indi ousted catcd will be followed by an tions in fiscal 1957 But as of July 1 he received an increase to Fifth was Forest Evashevski Sioux Cityan Dies When Light Plane and Jet Collide SIOUX CITY WR E Muma Jr 32 a Sioux City salesman was killed Thursday evening when a company plane he was flying crashed near here foHow head footBall coach at SUI His salary for fiscal 1957 was 041 It reflected in part boost given him last February from to a year on a new contract Harvey H Davis SUI provost was sixth in fiscal 1957 His pay totaled But he was one of those who got an increase to effective July 1 Just below Davis was J H Jen sen provost at ISC His salary or fiscal 1957 was but he also now is getting 000 Tied for 8th persons tied for eighth at each for fiscal 1957 Thev J are Dr W C Brinegar superinten dent of the Cherokee mental hos pitaJ Dr James 0 Cromwell superintendent at Independence Dr J W Maucker president of the Iowa Stale Teachers College who now is getting annu ally John Butter state Highway Commission chief engineer who recently got a raise to 500 world peace arent bad but the possibility cannot be ex cluded that World War III might be started by some lunatics Claims Superiority There probably wont be any summit meeting with the West in the nearest future though he still wants one as the only way out of the EastWest impasse It would be possible for Rus sia and the United States alone to settle major problems in bi lateral negotiations If we two agree to relax international ten sions other countries wont be offended Said the Soviet Union alone possesses an intercontinental ballistic missile Hit Bullseye Said the f i r s t longrange rocket launched by the Soviet the nullseye and Russia could now use to dispose ofy S Abases in Europe Asia and Africa If the Americans doubt Soviet claims in rocketry letshave a peacefulrocket contest just like a rifle shooting match and theyll see for themselves Said that a third world war would notnecessarily mean the end of mankind but that it would mean the death of capitalism and the triumph of communism The emergence of another Stalin and the development of a new cult of personality in the Soviet Union is now impossible Former Soviet Defense Chief Marshal Georgi Zhukov was re moved by the Presidium and the Central Committee not by the generals He was very rude and dictatorial 30 Years for Russian Spy NEW YORK an Russian Col Rudolf I Abel the highest rank ing Soviet spy ever caught in this country Friday was sentenced to 30 years in prison and an Dean Mason Ladd of SUI who now is getting and Paul Brechler SUI director of ath letics who has been boosted to Other Leaders Others whose pay in fiscal 1957 topped the Governors Dean Floyd Andre ISC 699 now 516600 Dean Dewey B Stuit SUI Franklin H Top SUI department head 000 Dean Elmer T Peterson Sbl now dean J F Downie Smith ISC Dr Wayne B Brown superin OUJVCilli tendent at Mount Pleasant Dean William J Simon SUI 11 r r VJUJ r fine He could have received the death penalty The 55yearod spy ring mas ter stood stoniiy before Federal District Judge Mortimer W By ers in Brooklyn as the sentence was pronounced He displayed the same outward calm shown during the days aft er his indictment and during his trial He said nothing and after the sentence was promptly led away handcuffed by two officers Two Marion Men Killed in Crash MARION PiTwo elderly Mar Protest Tunisia Action Arms Sent by U S British PARIS reacted vlg orously Friday to US and British arms shipment to Tunisia walk ing out on a NATO meeting and firing off strong protests to Lon don and Washington The token shipment of machine guns rifles and ammunition was intended by Frances two big NATO allies to keep that North African nation from turning to Egypt or the Soviet bloc for arms But France fearful the arms will find their way to rebels fighting French rule in neighboring Al geria was not mollified A French spokesman declared the U SBritish decision was made known at the precise mo ment when the French govern ment was preparing the immedi ate dispatch of military supplies to Tunisia Tunisia was formerly a French protectorate Hanging Fire The spokesman said the French delivery had to await completion of negotiations with sumably to insure that the arms did not reach Algerian rebels The FrenchTunisian negotia tions have been hanging fire for weeks and the BritishUS action also appeared intended to spur the Drench to quick action before the Soviet bloc could move in The United States and Britain said they won assurances from Tunisia the weapons would hot reach the hands of snnigglerswhb ply the President Habib of Tunisiain a radibvspeechhailed the United States for what he called its role of champion of liberty Bourguiba said the U S deei sion to give arms to Tunisia was taken Tuesday arid only then did France agree to deliver arms He aid France added an unaccepta ble condition that Tunisia receive only French arms Delivered Orally The French protest to Britain was delivered orally in London by Ambassador Jean Chauvel He complained to Foreign Secretary Selwyn Lloyd about the princi ple of the arms deliveriesand the conditions under which the An gloAmerican decision was made known to the French govern ment A British spokesman in London said Lloyd gave no immediate re fu spokesman emphasized that Britain now has ho intention of sending further arms to Tuni Ambassador Herve Alphand in Washington was said to have been instructed to lodge a similar protest with the State Depart ment Two British planes landed n Witnesscs said the planes ap peared to touch wings and then the private craft went into a spin and crashed near the junction of the Missouri and Big Sioux rivers 0 c Xfisss ar ethical council recommenda Cross refused lo bow out of r0 bc uc 01 the federations December convention in Atlantic City un less llic Bakers do an about face before Ihon Lt T D Robertson South Sloux City Neb pilot of the jet landed safely at the Sioux City Ar BaseHe was on a training flight and was coming in for a andmg or the Air Guard field at the base Muma an employe of the Wil I A Merchant ISC N P Black former state superin tendent of banking paid from fee collections Prof Frank R Kennedy ISC Prof Odis K Patton SUI Prof Clarence M Updegraff SUI Dr Karl Catlin SU permtendent at Clarinda 800 Prof Ralph M Hixon ISC 700 and Dean Sidney G Winter SUI MARTIN DIES ion men were killed Thursday night when a car in whic Tunis early Friday with the first arms and a U S plane was fol lowing The British and Americans re ported the delivery would total only 920 guns and ammunition There are 350 submachine guns 70 Bren guns and 500 semiauto matic Ml rifles While the NATO Assembly is purely advisory its recommen dations will carry weight at the vital meeting of top leaders of the NATO powers in Paris next month race died Thursday m which they were alone went out of control and crashed into a ditch graveled Highway 94 about sv miles southeast of here They were George L Wood 73 for mer operator of Halhvood Cafe and Clarence Taylor 70 retired VH SAME DATE1956432 Parofe Board Grants Leopold a Rehearing SPRINGFIELD HI a split decision the Illinois Par don and Parole Board Thursday granted a rehearing on the peti tion of Nathan Leopoldfor a pa role The board which had put off a decision on the case for two months set the hearing on the thrill slayer of Bobby Franks for the February docket without definite date ELEANOR HAPPY BELOIT Wis UP Eleanor Roosevelt said Thursday night that the launching of the two Sov iet Sputniks made her happy They finally made the American people conscious of the fact that huge strides are being made un dor Communism in the field of science she said
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