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Winona Republican Herald: Friday, August 8, 1947 - Page 1

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   Winona Republican-Herald, The (Newspaper) - August 8, 1947, Winona, Minnesota                                w EATHER 1'alr nntl w arrnrf tonight KdU 120 DAYS 1'mmcd Swfmmtnr Fool Enibllnr Act Full Leased Wire Report of The Associated Pres1! Member of the Audit Bureau of Circulations VOLUME 47. NO. WINONA. MINNESOTA, FRIDAY EVENING. AUGUST 8. 1947 FIVE CENTS PER COPY TWELVE PACES Commons Approves 'Crisis' Powers Bill Installment Controls Off Nov. 1 Truman Signs Act Ending Limits on Credit Buying President Trtl- today signed legislation killing R'.'. cont.-oli on installment buying! NrivrTnbrr 1. lO-iT. Thr PrcMdfiit he regretted (hut Co; i rrr< did not follow the rrrcnTimiTKluUon of Uir Federal Ilc- MTVI- board mid of tli" council of rroiiiifiilr "liy I'lmrtlMK l...Iutiun to provlili1 for continuing us lew: us necessary regulation of con- sumer credit as a means of helping to promote economic stability." Mr. Truman had asked for speci- fic peacetime authority to regulate ;hr American institution known as th'- "easy piiymcnt us ti bul- wark atnunst inflationary tenden- cies. But Congress, instead, sent him a bil! intended to force an end to the credit curbs In three months, In a statement criticizing the leg- islation the President suld: "It is unfortunate that the Con- did not provide for on over-expansion of installment credit in order to diminish Inflation- ary pressures arising from this Lieutenant George Council of Bourne, Mass., fire department near Falmouth, lifts the body of Nancy Pcrlnl, four, out of shallow water after it Wfis iound near the Falmouth summer home nt dawn to- day. Coast guardsmen and other firemen aided in the search which began when the child was reported missing yesterday. She Is the niece of Lou Perini, millionaire part owner of the Boston Braves. (A.P. Wlrephoto to The Republican-Herald.) Mr. Truman observes that con- tinuation of present controls for the next three months has been "per- mitted and implied by the Con- gress." and he added that "this Is preferable to Immediate abandon- ment of "For that reason." the President continued, have signed the Joint resolution. ICrductlon In Prices He said It would be "far better to rrduce prices rather than to relax trrrr..-. in seeking nrw customers." The on Installment buy- :r.r. were Instituted in wartime un- Todd County Beating Death Murray Strike Under Probe by Officials Held 'Closer To Settlement' Found In Sack ........._. _____.....__ Her body was found in a weighted The" Presrderit said" that "under the 
                            

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