Reserve Board Proposes 500 Million for Small Business Loans
The Federal Reserve Board urged Congress to authorize up to 500 million dollars in support for business firms especially small enterprises. The plan would see Fed banks share lending with private banks, using their own funds, with ten year loans and private bank equity of at least ten percent. Measures ensure smaller firms receive at least half of the aid, with limits on large loans and RFC lending restrictions.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve System
Congress
Thomas B. McCabe
Federal Reserve Board
Senate House Committee
McCabe
Federal Reserve Banks
Reconstruction Finance Corporation
RFC
Fulbright
D-Ark
Capehark
R-Ind
Henry J. Kaiser
Treasury to Redeem Bonds Early in Large Call
The treasury plans to redeem $1.96 billion in seven year bonds issued Oct 19 1942 on March 15 1952 two years early and will offer new securities in exchange or sell new notes to raise cash. Interest rates for replacements are expected around 11 1 2 percent, lowering federal interest payments.
MENTIONED IN THIS ARTICLE
Washington
Treasury
Medina and Wife Begin Vacation Trip After Trial
Federal Judge Harold R. Medina and his wife left New York for a vacation at an undisclosed spot. Medina, who presided over the nine month trial of 11 convicted Communist leaders, will return in about two weeks and resume a longer holiday later. He was feted by Princeton undergraduates after attending Princeton football at Princeton, New Jersey. Police investigated a reported assassination plot against him, which proved to be “big shot talk” by four youths. He commented that the tale sounded fishy.
MENTIONED IN THIS ARTICLE
New York
Harold R. Medina
Medina
Princeton
N. J
Yale
FHA Section 608 Expands Low Rent Units Amid Luxury Boom
A Washington report notes a building surge in high rent apartments slows as FHA funding pivots to lower rental projects. Section 608 approvals reach 322,400 units with 60,000 more backlog, 79,000 completed and 202,900 under construction as the program nears renewal decisions.
MENTIONED IN THIS ARTICLE
Washington
Federal Housing Administration
FHA
Telephone Operator Saves Four in Niagara Falls
A faint whisper over a telephone led Lena Reece, night supervisor, to summon police, firemen and a doctor. At the Payne home four people were found unconscious from coal gas. an inhalator revived George Payne, 24, his wife Margaret 23, and Mrs Payne’s brother Steve and sister Judy Yande.
MENTIONED IN THIS ARTICLE
Niagara Falls
Ont
Lena Reece
George Payne
Payne
Margaret
Young Lady Disarms Rattler Amid Garden Snipping
Miss Annie Wilbanks in Baldwin Georgia while pruning flowers encountered a rattlesnake coiled and ready to strike. She reacted quickly and decapitated the snake with a pruning knife, avoiding harm.
MENTIONED IN THIS ARTICLE
Baldwin
Annie Wilbanks
Hiss and Coplon Trials Reopen in New York
Trials of Alger Hiss and Judith Coplon with Valentin Gubitchev set to begin this week in federal court lower Manhattan. Coplon and Gubitchev face conspiracy to commit espionage charges. Coplon seeks appeal after a Washington conviction.
MENTIONED IN THIS ARTICLE
New York
Alger Hiss
Judith Coplon
Valentin Gubitchev
U. S
Hiss
State Department
Miss Coplon
U. S. Justice Department
Lower Manhattan
Gubitchev
Lloyd Paul Stryker
Claude B. Cross
Boston
Vermont
Washington
Russia
FBI
Wherry Predicts Voters To Toss Out Fair Deal In 1950
Senate Republican leader Wherry predicted in Washington that the public will reject the Truman Fair Deal in the 1950 elections. He argued the welfare state threatens free enterprise and dismissed New York results as not indicative of next year’s outcome.
MENTIONED IN THIS ARTICLE
Wherry
Washington
Truman
Senate
Nebraska
SR Deee
New York
New Jersey
Herbert H. Lehman
John Foster Dulles
RNY
Motive Sought In OSU Fraternity Killing
OSU freshman James Heer 20, of Euclid, shot and killed Jack McKeown 21, of Norwood, after a homecoming dance. Detectives probe five to ten minute interval with Heer and his date Joyce Crafton as key to probable cause. Heer later confessed taking an automatic from Richard Moore and firing at 2 45 a m. Officials expect to file first degree murder charges against Heer.
MENTIONED IN THIS ARTICLE
James D. Heer
Euclid, O
Ohio State University
Columbus
Delta Tau Delta
Jack T. McKeown
Norwood
Joyce
Crafton
Cleveland
Heer
McKeown
OSU
Lowell V. Sheets
Young Heer
Norwood, O
Sheets
Miss Crafton
John W. Johnson
Shaker Heights
Johnson
Canfield Hall
Richard Moore
Portsmouth
McCabe Opposes Return of Gold Coin Usage
Chairman Thomas B. McCabe of the Federal Reserve board spoke against circulating gold coins or altering gold prices. He testified before a congressional committee which sent him a long questionnaire on monetary credit and financial policies as part of a broad study.
MENTIONED IN THIS ARTICLE
Washington
Thomas B. McCabe
Federal Reserve Board
Government payroll totals over ten billion dollars
An Associated Press survey shows federal payroll for the year ending June 30 at more than 10.2 billion dollars averaging about 227 dollars per federal income tax payer. It covers 3.69 million personnel including 925,000 in uniformed services and 6.64 billion for civilian workers.
MENTIONED IN THIS ARTICLE
Washington
Congress
Associated Press
Uncle Sam
Post Office Department
The _ postoffice
Veterans Administration
Military Department
Police Beat Man Under Investigation After Charleston Game
Charleston police launch formal probe into reports of beating Lowell F Slack during arrest at the Charleston Stonewall Jackson game. Slack, 33, charged with drunkenness assaulting two officers destruction of property and disorderly conduct. witnesses claim up to five officers beat him in view of about 12 000 fans. Slack says he was struck with a blackjack while buying hot dogs and denies further trouble. Police Chief Ray contends officers may have had cause for arrest. Slack was released on bond after several hours in jail.
MENTIONED IN THIS ARTICLE
Charleston
W. Va
Lowell F Slack
Slack
Pat B. Withrow
R. Carl Andrews
Lowell
Charles W. Ray
Ono
Lewis Awaits Operators Convenience In Settlement Talks
John L. Lewis pressed for renewed contract talks with coal operators amid a looming December 1 mine walkout. Government mediators consider three options including direct talks, a Taft-Hartley inspired fact finding board, or a court injunction to prevent a new strike. Lewis urged operators to return to bargaining while the Stahl steel dispute influences fade.
MENTIONED IN THIS ARTICLE
Washington
John L. Lewis
United Mine Workers
Lewis
White House
Cyrus S. Ching
Federal Mediation Service
Truman
New York
John D. Battle
National Coal Association
Wheeling Steel Signs Peace With CIO United Steelworkers
Pittsburgh November 13 Wheeling Steel Corp joined major firms in settling with the CIO United Steelworkers union ending a costly strike. The Bethlehem pattern set the terms with a non contributory pension and free insurance while recalling 15 000 workers in West Virginia and Ohio. Major companies including Jones and Laughlin Republic Youngstown Sheet and Tube Great Lakes Steel followed, ending a 42 day strike costing nearly a billion dollars.
MENTIONED IN THIS ARTICLE
Pittsburgh
Wheeling
W. Va
Steel Corporation
CIO
United Steelworkers Union
Bethlehem
U. S. Steel Corporation
West Virginia
Ohio
Bethlehem Steel
Big Steel
Jones and Laughlin
Republic
Youngstown Sheet and Tube
Great Lakes Steel
U. S. Steel
Auto Crash Fatal To Mercer Couple
Irvin Bishop and his wife Bertha, both of Hiawatha near Matoaka, were killed when their 1941 Buick skidded on wet pavement and struck a rock cliff on route 10 at Sheridan. Surviving occupants were four others including Bishop children Sue 7 who was unconscious at St. Marys hospital, Roger 10, Linda Gay 12, and Mrs. Wofford Hartwell.
MENTIONED IN THIS ARTICLE
Irvin Bishop
Bertha
Hiawatha
Matoaka
Route 10
Sheridan
Wofford Hartwell
Sue
Roger
Linda Gay
St. Marys Hospital
Huntington
Hartwell
Bishop
West Hamlin
Milton
Ronald Stephen Hartwell
Morris Memorial Hospital
Weynake Coal Company
Arista
Bailey Funeral Home
Speera
Woman learns to sign Stalin birthday greeting in one night
Prague radio reports a 59 year old woman learned to write in a single night to sign the nation's birthday greeting to Prime Minister Stalin of Russia. She was unnamed.
MENTIONED IN THIS ARTICLE
Prague
Stalin
Russia
British doctor joins Missouri Medical talks on socialized medicine
Dr 2180 a British dissenter to state funded care accepts invitation to address Missouri Medical association. He resigns from his Britain health service post citing antiquated diagnosis methods and urges national diagnostic clinics to curb waste and misdiagnosis citing 186 million dollars lost on useless medicines.
MENTIONED IN THIS ARTICLE
Missouri
Turnbridge Wells
Eng
Britain
Health Service
Missouri Medical Association
E. F. St. John Lyburn
Dr. Lyburn
Fifth suspect in Richmond jewelry heist sought by FBI
FBI announced a warrant for Robert A. Pinkerman, 27, in the $220,000 Schwarzschild Brothers robbery case in Richmond. Pinkerman, husband of previously arrested Gertrude Pinkerman, faced National Stolen Property Act charges sent to Kansas City. Other defendants include William Harvey Flowers and Henry William Ramsey among others.
MENTIONED IN THIS ARTICLE
Richmond
FBI
Schwarzschild Brothers
U. S
George R. Hamrickhouse
Robert A. Pinkerman
Gertrude Harriett Pinkerman
Kansas City
Pinkerman
Virginia
Wiliam Harvey Flowers
Henry William Ramsey
Henry William Bostelman
St. Louis
Thirsty Cow Scares Bartender in Uniontown Bar
A cow wandered into a downtown Uniontown cafe startling a bartender. Patrons fled toward the rear door before police captured the animal for protective custody. The owner later retrieved the cow claiming it had wandered away.
MENTIONED IN THIS ARTICLE
Uniontown
Also Mentioned on This Page
Reserve Board
Wife
Coplon
Ohio State
Ie! 22
Daly
State Highway Patrol
Fraternity Row
Marvin Canada
Canada
U.S
Ops
Cyrus Ching
Ching
United Mine Workers Union
New York City
Oscar L. Chapman
Julius A. Krug
Interior
Wheeling Steel
Mercer
Friend
America
Thirsty Cow
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