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Winona Republican Herald Newspaper Archive: August 5, 1950 - Page 1

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   Winona Republican-Herald, The (Newspaper) - August 5, 1950, Winona, Minnesota                              Fair Tonight, Sunday Temperature Unchanged Baseball Sunday p. m. KWNO-FM VOLUME 50, NO. 144 FIVE CENTS PER COPY WINONA, MINNESOTA, SATURDAY EVENING, AUGUST 5, 1950 FOURTEEN PAGES First Troops Cross 9 Illinois Bank Cashier With ContjreSS May Shortage Kills Self Qwn Til A Jl In r- ran s4 n i W Bill on Taxes Morris. Ill A small town bank cashier who killed himself ten days and whose accounts later were dis- covered to be short preferred death to a prison sentence. The choice by the baiikcash- ier, Wendell Dirst. 57. and the disclosure that he "lost most of the money at the were revealed in a note read at an inquest into his death yesterday. Dirst. cashier of the Farm- ers First National bank of nearby Minooka. killed him- self with a shotgun on July 27 while alone in the bank. Four days later the Federal Depos- it Insurance Corporation in Washington said it had been advised of a .shortage of ap- proximately SI36.000 at the bank. The note left by Dirst to his wife, Jane, was read to a cor- oner's jury by Coroner W. Clark Davis. Dirst said he be- lieved his family "would just as soon see me in the ceme- tery as the prison. It must be one or the other." Dirst, who was one of the leading citizens of Minooka, a community of about 500 in northeastern Illinois, disclos- ed in his note of placing horse race bets with Chicago hand- book operators. "They were going to make a lot of money for the note said, "and I lost S25.000 there in the last three weeks, or rather they took it away from rne. "I have always gambled and for a long time made money, but this is the way It is end- ing." The .jury ruled "financial worries" led Dirst to kill him- self. Standby Controls Indicated Major IM To Americans Senators Unwilling To Follow Truman Suggestions Truman Balks At Automatic Curbs System Russia Demands U. N. Seat For China on Veto Threat 4 Enemy Divisions Massed 35 Miles From Port of Pusan i Giant Appropriation Bill Passes Senate By Frances Le May Washington Congress may] write its own rules in producing the in new taxes ask- ed by President Truman, rather than following all of his sugges- tions. Some indication of this came yes- terday, when the Senate finance __ committee began to veer awayjhiU-down-dale wrangle over security council from condemn- from revenue roads mapped by mobilization subsided on both! ing North Korean aggression by administration to pay for of Congress today, yesterday to veto ment against Communist tnat President, Truman sjon eventually will get stanaby econo- While the Senate group approved jmic controls. Confusion Subsides In Both Houses After Hectic Week By Barney Livingstone confused Malik Calls for Withdrawal of U. S. Troops From Korea By A. I. Goldberg Lake Success Russia cli- I tax law revisions intended to boost j federal revenues by about 000.000, it turned down House-ap- proved changes some of them proposed by the White House That seemed to be indicated, even any decision taken without Communist China and North Korea present. Soviet Delegate Jakob A Malik, who ended a seven-month boycott though both the Senate the United Nations to take over] committee and the full House, council presidency August ing a hectic week of debate on a resolution calling for] issue, had rejected such proposals) cease-fire, the withdrawal of for-! By Oliver W. De Wolf that vould have delivered ar. extra to give Mr. Truman wage-pricejeign (American and the controls and rationing powers 'orlpresence of the two Asiatic Com- j Moreover, some members when he sees At. jmunist states at the council's de- Washington Senate passage of a money bill] the committee later may knock! Yesterday the Senate group went'liberations, revived the congressional argument today over the value of down the House provision for throwing out an auto-! U.S. Delegate Warren B. Austin! ing the bulk of federal appropriations in a single measure. j withholding tax on controls plan it once had [assailed Malik's move as "irregular conduct." Malik has fought a delaying, pro- The bill which the Senate approved on a voice vote last night dividends a provision which I okayed and adopting the standby If f n a Conn t n_ tTiMit: A f A-ranr. Vin t-rth Wflll ?H f nrt n OTIC SlMierO- sending it to a conference committee to be matched I would create no new tax obliga- with a smaller House measure jtions but would collect an esti- contained funds for most govern-! mated much of it sup- TODAY- rorrestal s Judgment Confirmed BY Stewart Alsop ment agencies for the 12 monthsiposedly from people who now fail lending next June 30. to report dividend income in their It also included foreign aid returns. which the House elected to con-i Mr. Truman proposed to Con- sider separately, Igress that the in new This was the first experiment with a bill wrapping virtually a.l! government expenditures for a fis- cal year into one package; prer- viously funds for each agency had been considered in a separate mea- sure. Following its passage, some Democrats commented that the system should never have been A number of Republicans be raised this way: from individual in- comes; f-om corpora- tion incomes; the remaining from other revenue-raising proposal it had once approved. _ once rejected. backjcedural action since he returned to where it started on the council Tuesday to prevent a quit until next week. The House also quit in a parlia- debate and vote on a U.S. resolu- tion condemning North Korean ag mentary tangle, after junking ajgression and asking members to once-approved proposal similar localize the conflict, the automatic plan considered by I Recognize South Korea the Senate committee. I Austin was joined by Britain's There were signs the House also gjr Gladwyn Jebb in maintaining might wind up voting for the stand- by idea. That's the one Mr. Truman hss provisions already approved by the said he wll acceDt He has he RJ1 House. These latter provisions were Washington When the record Imputed that, of a great public servant, who is One of the arguments which re- would have come from loophole tax cut passed before the Korean war started, and later junked. It looks now as if the Senate com- mittee may approve no more than of the which in the use of the one-package dead, is distorted in order to ex- japproilch had been that it would cuse the follies of his successor, itjspeed consideration of appropria- 1s time to set that record straight, jtions, which last year dragged on It has been intended to avoid asjfor weeks past the July 1 target long as possible mention of theidate. plugging, taxation of the invest- ment income of life insurance opposition to the ether plan, er which price and wage ceil- ings and rationing would go into ef- that only the U.N.-recognized re- public of Korea (south of Korea) belonged at the council table. They made it c'.ear the Russian proposals would be rejected by a majority when the council resumes its sessions next Tuesday afternoon feet automatically if prices rose to (after a weekend recess. a certain level. The American representative told Both the House and the after the meeting that committee got into the controls council "has a way to put a bate when they started considera- tion of Mr. Truman's request for ing and various other tax law re- visions. The committee also may continue mime "of Secretary of Defense Lou-j This time, the Senate didn't take I to write its own ticket concerning companies, the dividend withhold- "f j.ted economic powers, including nn rtvrtif- anrt Is Johnson In this space. But when up tne bill until after that date. Johnson uses the words of Jtimeslxhe measure it passed after four V Forrestal to defend his Oj debate carries dissstrous policies this is no in cash and in er possible. Johnson's recent elaborate de- fens', of his record was squarely based on a statement by Forrestal new levies on individual and cor- poration incomes. The Senate group agreed with .i.the House to end what Mr. Truman I told Congress is the practice of The total is than President Truman's budget contract authority. c before the Senate Armed Services committee in March. 1S4S. tal then recommrndedn increase it after producing one pic- request, and about half a billion I than was approved by not counting the In cash and contract auth- the much stufer lncome taxes- so that those participating can og_lpay capital gains taxes instead of curbs on credit and commodity speculation. The administration bill didn't stop to these cunning devices of ob- kind of under-this- shell now. under-that-sheS! then, game that is being He did not say what it was. Russia's Malik has made no overt NAKTONG XIVfii OfflNSl LtNi even mention price-wage-rationing [move so far, however, to set aside! controls, which the President council's decisions of June and said are not necessary at this while he was absent- But plenty of lawmakers brought the issue up. apparently spurred by the testimony of Elder Statesman for a cease flre, Communist North Korea t calling labeling the ag- gressor and setting up a CJ.N. fight- Bernard Baruch that the nation ing force, flying the international Dark ArrOB's Show North Korean thrusts against U. S. and South Korean defenders, open arrows, in southeast Korea. Keds in the Chinju area (A) are believed to start drive, broken arrow, for Pusan. North Koreans are reported massing in the Kochang- Kumchon sector (B) for a Taegu attack. Communist forces crossed the Naktong river east and southeast of Sangju Eighth Army headquarters reported. At Inchon a Red ship was Wirephoto to The Republican-Herald.j would soon find itself in dangerous condition without such restrictions body's flag, under command General MacArthur. as resolved at the "In 'the ma presented by the competing military and economic considera-i lions w. 000.000 level" by Johnson then Roes on to claim that the "substance of this hold defense spending at this been "repeatedly ami slickly implies that he, Johnson, has thus only done what Forrestal wanted to do. As anyone reasonably wi'll in- formed should know, this is simply untrue grossly and denionstralily untrue. o plan five per cent lor a cutback of The day before. Green Bay Girl Convinces Judge Green Bay, Wis. A teen- against inflation. Malik has said only that the In the House, the issue producedItions were illegal, a term he also! jfour full days of confusion and up-j applied to the defeats the council! sroar. I has given him since he was presi- The leadership finally called a (dent. temporary halt to the debate, and! Wants Seat for China the House banking committee was He keeps coming back to one sub- expected to meet Monday in searchjject: Seatinc Bed China some way of an acceptable compromise. The [in tho council. House itself is scheduled to takej He was defeated. 8-3. his first lore, the European Green Bay girl pleaded her i up the matter again Tuesday. Jdav back when he tried to rule the had been exempted 
                            

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