Debt talk and wartime finance in federal policy
A Cedar Rapids audience hears Dr. Harold G. Moulton argue defense needs can be funded without new debt through higher taxes on rising income, though he doubts it will happen. The piece contrasts starvation in Belgium with humanitarian aims, and notes debate over lease lend, aid transparency, and Iowa biennial appropriations signaling a steadier, businesslike legislature.
MENTIONED IN THIS ARTICLE
Congress
Cedar Rapids
Harold G. Moulton
Brookings Institution
Independent Economic Research Organization
Moulton
British Parachute Attack in Calabria Lucania Region
Britain launched a parachute assault on southern Italy in the Calabria Lucania area to sever communications and water supplies, with Italian high command saying all parachutists were captured before causing major damage. One watchman and one civilian were killed during the resulting fight. number of paratroopers not disclosed. The action followed naval bombardment of Genoa and air raids on Sicily and the mainland.
MENTIONED IN THIS ARTICLE
Rome
Great Britain
Calabria
Lucania
Italy
High Command
Associated Press
Calabria- Lucania
Genoa
Italian
Sicily
British Cites No Knowledge of Parachute Landing in Italy
London officials Friday said they had no information confirming Italian claims of a parachute landing in southern Italy. It was noted any such operation would likely involve Royal Air Force planes from the Middle East, with a report expected from Cairo.
MENTIONED IN THIS ARTICLE
Britain
Benghazi
Libya
Italy
Crete
London
Libyan
Royal Air Force
Middle East
Cairo
Roosevelt nominates Bard as assistant secretary of navy
President Roosevelt sent to the Senate the nomination of Ralph A. Bard of Illinois as assistant secretary of the navy. Bard will succeed Lewis Compton, a holdover from Charles Edison’s navy secretaryship. Compton submitted his resignation Jan. 10, but news was withheld until Friday.
MENTIONED IN THIS ARTICLE
Washington
Roosevelt
Senate
Ralph A. Bard
Illinois
Navy
Bard
Lewis Compton
Charles Edison
Compton
Shun Comfort and Do the Hard Thing for Great Outcomes
A syndicated essay argues success after forty requires discomfort and struggle. It cites Lincoln, Mary Todd Lincoln, Grenfell, Goldwin Smith, St. Paul, and others to claim hardship fuels achievement, urging readers to endure, take hard tasks, and avoid complacency to fulfill one's destiny.
MENTIONED IN THIS ARTICLE
Lincoln
Mary Todd
Newton
Herndon
Wilfred Grenfell
Goldwin Smith
St. Paul
United Feature Syndicate, Inc
Council earmarks $200000 for city debt retirement
The city finance department, in the 1941 42 budget, designated 200000 for debt retirement and 83934 50 for interest due next year starting April 1. Key payments include 45000 on water works bonds, 40000 on refunded First avenue bridge bonds, 35000 on Memorial building, and 34000 on sewers. The debt would be paid by 1953 under current plans if no new bonds are issued. Interest next year drops to 54429 50, about 40 percent less than 1932 due to canceled high interest bonds over nine years.
MENTIONED IN THIS ARTICLE
First Avenue Bridge
Memorial Building
Air battles rage again in Channel area
Six ships in a British convoy northward between Madeira and the Azores are believed sunk by a German raider, possibly a pocket battleship. British and German air squadrons fought mass air battles in the English Channel region, aided by vast RAF bomber streams along the invasion coast and heavy fighter escorts. Simultaneous reports claim RAF and Nazi forces claimed air victories with Spitfires engaged over Dover straits.
MENTIONED IN THIS ARTICLE
Funchal
Madeira
Azores
London
English Channel
Dover Straits
Royal Air Force
Berlin
DNB
Hanover air raids kill fifty one and injure many
Hannoverscher Anzeiger reports 51 dead and 90 wounded from British air raids on Hanover Monday night with an unknown number missing. The casualty figures reflect a major wartime strike affecting civilians and city infrastructure.
MENTIONED IN THIS ARTICLE
Berlin
Hannoverscher Anzeiger
Hanover
RAF Bombardment Drift Over French Coast in World War II Sky
German long range artillery opened bombardment of southeast Britain as R A F attacked French coast between Calais and Cap Gris Nez. British observers saw no German fighter challenge yet a massive German air swarm entered. A 15 minute cloud battle followed with British squadrons driving off the attack while spent shells rained on Folkes tone area.
MENTIONED IN THIS ARTICLE
Britain
Berlin
Calais
Cap Gris Nez
R.A F
Folkestone
German Air Force Backs British Targets Across Isles
Berlin reported heavy Allied bombing on British maritime, industrial, and military targets from Scotland to Chernaica as Hitler’s high command said German air and naval forces coordinated action.
MENTIONED IN THIS ARTICLE
Berlin
Scotland
Cirenaica
Adolf Hitler
War Dept Payroll Sees Profits From Defense Job
Francis Blossom of New York, member of the Army's construction advisory panel, testified to the House Military Affairs Committee that his firm’s fixed profit on a $39 million shell loading plant contract at Elwood was about 1.114 million and his share, roughly 9 percent, was near $100,000 though he did not participate in the letting. He noted he had moved from civilian pay to government pay while on the War Dept payroll and questioned why he was paid. He also explained Walsh Construction won Camp Edwards on Cape Cod due to lack of NE firms able to handle the project under War Dept rules.
MENTIONED IN THIS ARTICLE
Washington
INS
Francis Blossom
New York
Quartermaster General
House Military Affairs Committee
Blossom
Sanderson and Porter
Elwood
Atlas-Hercules Company
War Department
Rep
Clayson
Mass
Walsh Construction Company
Davenport
Iowa
Camp Edwards
Cape Cod
New England
Stimson
Reich Reported Pressing Yugoslavs To Open Road To Greece To Nazi Army
Britain would regard Romania as territory under enemy occupation beginning Saturday. Belgrade reported Germany pressed Yugoslavia to open a road to Greece as gray-clad Nazi divisions massed along the border.
MENTIONED IN THIS ARTICLE
Reich
Greece
London
Britain
Romania
Belgrade
Yugoslavia
Germany
Turkey prepared to fight if Turks invaded by Germans
The Turkish government press said Turkey would fight if a foreign army passed into Bulgaria and Greece. German plans to use the Yugoslav route and a Bulgarian path to reach the Aegean prompted tense diplomacy. Observers noted Romania’s oil deal with Turkey as a signal Turks might not resist German moves.
MENTIONED IN THIS ARTICLE
Istanbul
Turkey
Bulgaria
Danube
Vardar
Greece
Mediterranean
Germany
Yugoslavia
Rumania
Romania
Sofia
Spain and France Decline to Join Axis War Effort
Reports from Vichy indicate that Spain and France will not aid Germany and Italy in a spring assault on Britain. Franco reportedly refused Hitler’s invitation relayed by Mussolini, and Petain warned that France would provide no military support at any time. Mussolini’s Genoa plan was scotched by damage to the port, while Serrano Suner remained cautious toward participation.
MENTIONED IN THIS ARTICLE
Vichy
France
Spain
Great Britain
Francisco Franco
Benito Mussolini
Bordighera
Adolf Hitler
Mussolini
Henri Philippe Petain
Franco
Germany
Italy
Genoa
Ramon Serrano Suner
Senate approves debt raise to 65 billion
In Washington the Senate on Friday approved an increase in the national debt limit from 49 billion to 65 billion dollars. In New York CBS reported the Greek radio in Athens claimed 7,000 Italian prisoners were taken as Greeks resume an all sector offensive on the Albanian front.
MENTIONED IN THIS ARTICLE
Washington
Senate
New York
Columbia Broadcasting System
Athens
Cedar Rapids Warm Snap Fades as Temperatures Rise
Forecasts predict fair but cold conditions for Cedar Rapids with a low near 12 degrees tonight. By 2:30 p.m. Friday the temperature reached 30 degrees under sunny skies, after a brief warm spell ended by a frigid Thursday breeze. record highs, highway conditions, and freezing rain from Thursday are noted.
MENTIONED IN THIS ARTICLE
Cedar Rapids
The
Automobile Club
Claims O Leary man who duped local truck driver
Cedar Rapids news recounts a man claiming to be Sergeant O Leary who recruited 35 inmates from Eldora for army service and impersonated a federal officer. W W Boland identifies the same man as the April incident in which a truck owner was misled to Rock Island for government horses. The report notes prior impersonation at a local oil emporium seeking cattle haul from Norway to Omaha.
MENTIONED IN THIS ARTICLE
O'Leary
Boys’ Training
Eldora
Rock Island
W. W. Boland
First Avenue E
Boland
Sergeant O'Leary
Cedar Rapids
Norway
Omaha
Fed
Bakery Ransacked for 20 Pennies in Cedar Rania
D W Ross owner of Ideal bakery reports a burglary Thursday between 6 30 and 8 15 p m with only 20 pennies taken. Glass door at rear broken and night light turned out after entry. No safe noticed. Frank Kucera discovers the break at 8 15 p m and notes the door opened. Assistant police investigate.
MENTIONED IN THIS ARTICLE
D. W. Ross
Twenty-sixth Street Drive
Ross
Frank Kucera
Sixth Street
Defense finance possible without debt boost says Moulton
Brookings President Dr Harold G Moulton told an Executives club gathering that national defense spending could be financed without rising public debt and with no inflation. He argued taxes absorbing up to 25 percent of a rising national income would not burden the nation, citing 1938 tax burdens and projected 1940 41 42 income levels as supporting evidence.
MENTIONED IN THIS ARTICLE
Harold G. Moulton
Brookings Institution
Executives Club
Moulton
Cedar Rapids Inventor's Polyphase Radio Cut Fading
Des Moines reports FCC has granted Central Broadcasting a 150000 watt license after midnight for polyphase transmission. John F. Byrne of Cedar Rapids and Central's engineers say beam rotating signal across five antennas cuts power use by about 65 percent, improves signal, reduces fading and distortion, with current receivers compatible. Six months for upgrades expected.
MENTIONED IN THIS ARTICLE
Des Moines
INS
WHO
Federal Communications Commission
Washington
Central Broadcasting Company
John F. Byrne
Cedar Rapids
Paul A. Loyer
Marriage Health Bill Passed By Iowa Senate
DES MOINES AP The Iowa senate approved a marriage health bill 45 to 2 sending it to the house. The measure requires health tests within 20 days before applying for a license and allows county clerks to deny licenses without a medical certificate. One amendment adopted lets non residents from states with similar laws obtain licenses if a health certificate is provided per home state law.
MENTIONED IN THIS ARTICLE
Des Moines
Iowa Senate
House of Representatives
John P. Berg
Cedar Falls
E. P. Donohue
New Hampton
Iowa House passes bill to ban intersection races
Des Moines reports the Iowa House approved a bill by 87 to 0 to require motorists to yield to vehicles from the right at intersections. Rep. Raphael R. Dvorak cited state accident figures and said regulation is needed with no opposition offered.
MENTIONED IN THIS ARTICLE
Des Moines
INS
Iowa
Raphael R. R. Dvorak
Tama
Four Nations Move For Peace In East Asia
The United States Great Britain Australia and the Netherlands East Indies launched a coordinated pressure campaign on Japan to resist German efforts to pull Japan into the war. The move aimed to shield British Dutch East Indies assets and deter aggression in the Pacific as U.S. consular authorities in China reported early steps of the action.
MENTIONED IN THIS ARTICLE
Washington
INS
United States
Great Britain
Australia
Netherlands East Indies
Japan
Dutch East Indies
Pacific
China
Roosevelt says new warnings repeat earlier appeals
The president at a Friday press conference described fresh American warnings to leave the Far East as a repetition of prior notices. Australia called the war entry a stage of utmost gravity for Australia. Britain asked its Tokyo envoy to reiterate Mussolini’s wartime error, and the Netherlands East Indies ordered ships to neutral ports. Officials hope the move reduces conflict, while Tokyo signals no immediate Pacific war plans. The four powers had discussed offsetting German pressure on Japan, with word that Japan concentrates forces in Indo China and seaborn demands on the NEI. They stopped short of admitting joint action. Continued on Page 3.
MENTIONED IN THIS ARTICLE
Washington
Roosevelt
Far East
Australia
Tokio
Mussolini
Netherlands East Indies
Pacific
Japan
Indo-China
Probe Series Of U S Army Air Crashes In Canal Zone
In Balboa Canal Zone Col A H Gilkeson ordered a wide probe into suspected sabotage after four U S Army air crashes in two days. Training flights were canceled and all Twelfth Pursuit Wing planes at Albrook Field were to be inspected for tampering. The latest fatal crash killed Second Lieutenant John K Fisher, 24, of Providence R I, during dive bombing practice near Chame.
MENTIONED IN THIS ARTICLE
John K. Fisheer
Providence
R. I
Chame
Floradora Sextette Member Marie Reynolds Dies
New York Miss Marie Reynolds, possibly of the original Floradora sextette, was found dead Friday in her apartment, apparently from natural causes. It was noted she had recently written for magazines on world affairs under a pseudonym.
MENTIONED IN THIS ARTICLE
New York
INS
Marie Reynolds
Floradora
Gypeeudonym
Also Mentioned on This Page
Harry Boyd
Europe
Herbert Hoover
Iowa House of Representatives
Senate Appropriations Committee
General Assembly
Communications
Knox
Council
Cedar Rapids News
Channel Area
R. A. F. Fleet
War Dept
Bulletin
Dragisa Cvetkovic
Alesander Cincar-Markovic
Boris
Hitler
Newn
Cedar Ranias
Neptun
Collins Radio Company
Columbus
East
U. S
Aussies
Dutch Isles
Canal Zone
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