Winona Republican-Herald, The (Newspaper) - October 8, 1947, Winona, Minnesota
W EATHER und HttU voolrr tonlrhtl y i our Newspaper Freedom by Serving You Full Leaied Wire News Report of The Associated Press Member of the Audit Bureau of Circulations VOLUME 47, NO. 197 WINONA, MINNESOTA. WEDNESDAY OCTOBER 8, 1947 FIVE CENTS PER COPY TWENTY PAGES NLRB Called Before Ball Committee Cripps Sees Deeper Cut In Dollar Use New Aid Needed 'In Near Future', Reporters Told Sir Stafford Cripps told a news conference today that Britain would "be driven" to slash deeper on dollar expenditure un- less new dollar aid for Britain and the rest or Europe came "within the quite near future." Cripps addressed reporters for the first time since his appointment to the new post of minister for economic, affairs. He said more cutting ot cxpendl- would start a process which "unless rapidly arrested, would lead a gradual economic strangula- "Wc have already begun to dip Into our reserve of gold and dollars reserve which is none too big and which serves the whole sterling area he recalled, with an apparent reference to Britain's recently an- nounced sale of worth of gold to the United States. Spiral' Sir Stafford predicted Britain would skid along "a descending spiral of depression" which eventu- ally would extend to other countries 'if further sharp cuts In dollar buy- ing had to be made. In cutting dollar Imports, he said, "We would probably have to be- gin with food and tobacco, but it unlikely that our raw material Imports could be He said the cutting of food resources beyond a certain point "would mean a falling off in our total production" with a resulting further reduction in Britain's trade powers. "The blow would fall with parti- cular weight on Europe, whose eco- nomic recovery and political stabili- ty are linked closely with our he asserted. Cabinet Chance Meanwhile, a drastic overhauling of the Labor government, in which five cabinet ministers were ousted and left wing Fuel Minister Eman- uel Slnwell was demoted, drew some British cheers and some Jeers today. British press comment on yes- terday's sweeping changes generally followed party lines and ranged from the full endorsement of the Laborlte Dolly Herald to the out- right protest of the conservative Daily Graphic, which declared thftt nothing less than a coalition regime could fight successfully the nation's crucial battle against economic dis- aster. The five ministers dropped from the cabinet wero John Wilmot, minister of supply: F. J. Bellengcr, secretary of state for war; J. B. Hynd, minister of pensions; Lord Inman, lord privy seal, and Joseph wcstwood, secretary Scotland. of state for Weather (See today's 171. FEDERAL vrnther map On FORECASTS Wlnona and vicinity Fair and n little cooler tonight; low 44, In- creasing cloudiness Thursday fol- lowed by rain Thursday evening or nlcht: Thursday 70. early tonight, In- creasing cloudiness late tonight, fol- lowed by occasional rain Thursday. Slightly warmer west portion. tonight, Thurs- day increasing cloudiness with This Is The Debris-Littered interior of the First Presbyterian church of Gary, Ind., after it was destroyed fire. Damage to the church located In the downtown section of the city, was estimated by firemen at more than The Rev. Francis Henderson, assistant pastor, discovered thc fire.
Publication: Winona Republican Herald
Location: Winona, Minnesota
Issue Date: October 8, 1947