Truman Presses for Tax Increases and International Budget Link
The administration argues for higher taxes and warns of possible revenue shortfalls while linking domestic finance to the North Atlantic defense alliance. Snyder cites security costs and potential high outlays, urging restraint only in international matters. Brannan pushes refined controls on commodity speculation and supports stronger price aids. Sawyer plans to loosen export restrictions on fats and oils to curb surpluses.
MENTIONED IN THIS ARTICLE
Sential
Snyder
Senate
House Economic Committee
North Atlantic
Treasury
Herter
D-Mass
George
D-Ga
Senate Finance Committee
Truman
Doughton
D-Nc
House
Ways and Means Committee
Congress
Joint Economic Committee
Agriculture Secretary
Brannan
Secretary of Commerce
Sawyer
Banker urges sound economics amid money surplus concerns
Harry C. France addressed the Austin Knife and Fork Club on The Money Medley, warning that excess cash threatens stability. He cited a $252 billion national debt and a $42 billion budget, urged fiscal discipline, and noted elastic currency origins via the Federal Reserve Act.
MENTIONED IN THIS ARTICLE
Harry C. France
Austin Knife and Fork Club
America
United States
Savings Bank
France
Federal Reserve Act
Federal Reserve Banks
Joe Stalin
Sam
Texas safety bill targets driver liability and crashes
A Texas safety proposal estimates 15 percent of drivers cause 85 percent of crashes, about 525,000 in that category. It cites 32,000 injury and 38,950 non injury crashes last year, with a total fatal-tatal of 2,073. The plan assigns enforcement to the Public Safety Department and requires reporting accidents over 50 dollars in damages within 10 days with license revocation for noncompliance. Public carriers and government vehicles are exempt. A similar bill stalled previously in the 50th Legislature.
MENTIONED IN THIS ARTICLE
State
Department of Public Safety
Texas
Texas Livestock Men To Receive US Potatoes
The US Department of Agriculture announced a two week sale of government owned potatoes for Texas livestock producers. Dennis M. Poe said about 25 cars of potatoes per day will be available on a first come, first served basis for feed.
MENTIONED IN THIS ARTICLE
College Station
Texas
US Department of Agriculture
Dennis M. Poe
Production and Marketing Administration
Agriculture Department
Poe
LCRA Bond Limit Bill Faces Rough Senate Hearing
A bill to raise the Lower Colorado River Authority revenue bond limit from 25 million to 50 million faced tough questions in the Senate state affairs committee. Supporters cite county flood control and hydroelectric goals while critics warn of tax free competition with private industry. The bill, authored by Senator Carlos Ashley, goes to a subcommittee for further study with a report due next Thursday.
MENTIONED IN THIS ARTICLE
Colorado River Authority
Senate State Affairs Committee
James Taylor
Kerens
Hill Hudson
Pecos
River Authority
Colorado
Carlos Ashley
Llano
LCRA
Sam Gideon
Max Starcke
Texas
Taylor
Hudson
Ashley
Walter Tynan
San Antonio
Wardlow Lane
Center
One-Pound Baby Girl Born in California Hospital
In Redlands California a one pound baby girl named Rafaela was born last Tuesday night at Community Hospital. The mother is 31 year old Mrs. Antonio Daguimol of East Highlands. The baby, 11 inches long with a two inch head, is described as vigorous and healthy despite extreme prematurity and is incubated. Doctors would not forecast survival.
MENTIONED IN THIS ARTICLE
Redlands
Calif
Community Hospital
Edward Jury
Antonio Daguimol
East Highlands
Daguimol
Manila
P. I
Rafaela
Also Mentioned on This Page
Dre i
Austin’s Friendly Credit Store
Carl Pool
Topflight Fabrics
CARL
THE
Austin American
Austin, Texas
Littlefield
Fred Re
S. J. Rogers
W. B. Piyatel
Texas State Optical
Washington
Harry E. Kelly
Daniel Grieder
Malcolm Gregory
John S. Rudd Jr
Linden Jones
Guaranty Trust Company
Hamilton National Bank of New York
Chase National
Department of Government Loan Organization
US Treasury
Okehs
Railroad Commission
Interstate Commerce Commission
Valentine Greeting Cards
Ellison
Associated Press
Iz Is
J. A. Nailling
J. I. Nailling
Austin
Stephen F. Austin Hotel
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Cypita War
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