Fed Chief Sees 10 Percent Living Cost Rise With Policy
Federal Reserve chairman Marriner S. Eccles warned that President Truman's wage price plan could lift living costs by another 10 percent above prewar levels, with OPA estimating a 30 percent rise. He urged extending price controls and proposed a higher capital gains tax to curb speculation, stressing wage hikes must come from productivity gains to avoid inflation.
MENTIONED IN THIS ARTICLE
Washington
Marriner
Eccles
Federal Reserve Board
Truman
OPA
House Banking Committee
Canada
National Association of Manufacturers
Congress
County Atty Suspended in Independence County
Buchanan county attorney Robert R. Melrose was suspended after ouster proceedings filed by Iowa Attorney General John M. Rankin. He faces accusation of offering a $100 bribe to acting Buchanan County Sheriff Joseph M. Koeppel and is indicted for corrupt influence. Hearing set for March 8. bond $1,000. Melrose, 38, had been in his second term, elected 1942.
MENTIONED IN THIS ARTICLE
Gazette
Independence
Robert R. _Melrose
Buchanan County
Iowa
John M. Rankin
Charles H. Scholz
Melrose
Joseph M. Koeppel
Ralph W. Hasner
Keegan
Otto Linderwell
Lamont
Officers Kill Bank Bandit in Glencoe Oklahoma Shootout
Payne county officers surprised burglars at Glencoe State Bank in a 15 minute gun battle early Monday. One bandit was killed. a driver’s license in the dead man’s pocket identified him as Ralph Davis, 33, of Joplin Missouri. Another suspect escaped despite heavy gunfire. The burglary tipped off by Tom Brown of the Glencoe telephone exchange triggered the alarm.
MENTIONED IN THIS ARTICLE
Glencoe
Okla
Payne County
Brown
Clarence McGinty
Stillwater
Equipment for Big Base Up for Sale
The army announced that all construction equipment for the planned world's largest military air base, code named Project Man, has been declared surplus and will be sold. The surplus, valued at more than 100 million dollars, covers machinery, lumber, cement, and related gear for a site in Kongarok district north of Juneau Alaska.
MENTIONED IN THIS ARTICLE
Juneau
Alaska
Army
Project Man
Kongarok
Here
America
Ene
OPA Eases Fabric Rules to Boost Men’s Worsted Suits
Washington action targets urgent need by allowing partial exemption from price order for cloth used in suit manufacture. Manufacturers may raise production without increasing output of low priced fabrics.
MENTIONED IN THIS ARTICLE
Washington
INS
OPA
Bowles Accused of Favoring CIO in Wage Order Charge
Senator Bridges demanded Economic Stabilizer Chester Bowles deny a letter claiming Bowles would issue a wage order favoring CIO steel workers. Bridges released the letter and urged Bowles to confirm or deny its authenticity and implications for union bias.
MENTIONED IN THIS ARTICLE
Washington
INS
Sen
Bridges
R-N. H
Chester Bowles
CIO
Bowles
Murray
Hersch Linn County Coroner Won't Seek Re-election
Cedar Rapids Dr. T Frank Hersch Linn County coroner said Sunday he will not seek the Republican nomination to succeed himself at the June 3 primaries. He has served about three and a half years, after initially serving as deputy and filling a vacancy. He was first elected in 1944 and thanked law enforcement and officials for their support during his tenure.
MENTIONED IN THIS ARTICLE
T. Frank Hersch
Linn County
Hersch
R. E. Munden
Dr. Hersch
Law Enf
Public Ee
En le Qouareily
Help K
Penningroth
Cedar Rapids
Tipton High School
University of Iowa
Harvard Law School
U.S. Philippine Constabulary
34Th Division
Co. H
30Th Infantry
Army of Occupation
Linn County Bar Association
Iowa State Guard
Fourth Avenue SE
Ballot Count In Argentina To Take Time
Buenos Aires reports say orderly presidential elections left both Col Juan Peron and Jose Tamborini confident of victory. Counting will be slow as ballots travel to provincial capitals, with 3.5 million registered voters from a 14.6 million population. Five soldiers and one civilian died in election logistics.
MENTIONED IN THIS ARTICLE
Buenos Aires
Argentina
Col
Juan D. Peron
Iron Man
Labor Party
Jose P. Tamborini
Democratic Union
United States
Peron
United States State Department
Tamborini
Washington
Mrs. Erna Block Arrives in Cedar Rapids From England
Mrs. Erna Block mother of Dr. Walter M. Block arrived in Cedar Rapids at night after a London to Chicago flight. Dr. Block met her in Chicago. She had lived in England after escaping from Germany eight years ago.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Erna Block
Walter M. Block
Commonwealth A
London
Chicago
Dr. Block
Vet Proposes Construction of Airpark in Cedar Rapids
Clarence A. Hess, veteran and former marine pilot, asked Cedar Rapids city council to rezoned land west of Harrison school for an airpark to serve private planes. He described aims to bring near downtown air access, discourage larger aircraft, and use a GI loan for finance. Hess said his project would help farmers and urban residents fly conveniently, with his brother Peter joining the effort. The council referred the proposal to the city attorney and city engineer.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Clarence A. Hess
Tenth Street
Solomons
Harrison School
Eleventh Street
Hess
Peter
Navy
Don Hines
Frank Young
Gazette
Marine Corps
South Pacific
87-year-old man robbed of 14700 in Chicago home
An 87-year-old retired street car conductor, William Farrar, told police two men waylaid him in the vestibule of his West Side home Sunday night and robbed him of 14 700 dollars. He had kept the money at home until three months ago when he began carrying it due to theft fears.
MENTIONED IN THIS ARTICLE
Chicago
West Side
William Farrar
Mrs Stein dies in auto accident near Covington
Mrs Lawrence Stein aged 35 of 1421 K street SW died on the way to St Luke s hospital after a car skidded on loose gravel a mile and a half northwest of Covington. Her husband 33 and their 18 month old daughter Janet Marie survived with bruises. Funeral services set for 2 30 pm Wednesday at Rohn chapel with calling Monday.
MENTIONED IN THIS ARTICLE
Lawrence Stein
K Street
St. Luke’s Hospital
Covington
Cedar Rapids
Harlan Snyder
T. Frank Hersch
Janet Marie
Stein
Snyder
Hersch
School Board Incumbents To Be Candidates
Four Cedar Rapids school board members announced plans to seek re election in the March 11 election. J C Blodgett Charles Penningroth J K von Lackum and Arthur R Messenger seek new terms with Messenger contesting the two year unexpired seat. Blodgett cites a comprehensive building program and superintendent selection as priorities.
MENTIONED IN THIS ARTICLE
Cedar Rapids News
J. C. Blodgett
Charles Penningroth
J. K. von Lackum
Arthur R. Messenger
Messenger
Myron L. Koenig
Cedar Rapids Tribune
Blodgett
Cedar Rapids Federation of Labor
Cedar Rapids Typographical Union
Iowa Federation of Labor
Cedar Rapids
Plot to disunite four powers alleged by AMG official
Russell A. Nixon testified before a senate subcommittee that elements in the United States Britain and France are actively fostering disunity among the four powers to bar Russia from Allied efforts against Germany He cited key points about I G Farben and denazification and accused allied officials of misleading statements and favoring Farben restitution over Allied restitution.
MENTIONED IN THIS ARTICLE
Washington
Russia
Russell A. Nixon
Germany
Senate
United States
Britain
France
Nixon
Spain
Portugal
Switzerland
Sweden
Argentina
United States State Department
AMG
Sen. Kilgore
D-W. Va
I. G. Farben Chemical Trust
Farben
Bulgaria
Hungary
Romania
Finland
Austria
I. G. Farben Trust
Seven Juveniles Admit Role in Downtown Looting
Seven boys aged 13 to 15 confessed to car prowlings and shoplifting in a downtown wave of theft. Police say 31 juveniles have been arrested since February as officials blame lax supervision at home.
MENTIONED IN THIS ARTICLE
Johnson
Bates cited by SEC over fraudulent securities sales
Gilbert M Bates of 2215 Linden Drive SE is charged in a federal petition filed by SEC attorneys with fraudulent sale of securities and selling without registration. The complaint seeks an injunction against Bates and alleges sales and purchases at prices not tied to market value and deceptive practices in interstate commerce.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Gilbert M. Bates
Linden Drive
Securities and Exchange Commission
SEC
Bates
Stocks Endure Sharp Setback on Wall Street
In New York the market fell about eight points as pessimism over strikes weighed on earnings outlooks. While some late gains appeared, many key stocks remained at yearly lows with around 2.3 million shares changing hands.
MENTIONED IN THIS ARTICLE
New York
Wall Street
National Oats Raises Wages in 1946 Agreement
National Oats and the American Federation of Grain Processors local 19147 AFL reached a wage agreement for 1946. General manager J. L. Cooper said the contract provides an average 15 percent wage increase retroactive to January 1, affecting about 250 employees.
MENTIONED IN THIS ARTICLE
Cedar Rapids
National Oats Company
American Federation of Grain Processors
AFL
J. L. Cooper
Also Mentioned on This Page
Red Army
Nikolai V. Novikov
Mme. Novikov
Mme
Novikov
Elliot Rodger
Canadian Joint Staff
Turing
N.A.M
County
Atty
Walter Keegan
Winthrop
District Court
Whasner
Mrs. Erna Block
England
Vet
Pos
Today's. Index
Ees Fes
Dr. von Lackum
By Carl Kane
Harry S. Johnson
Juvenile Bureau
Ray Murdock
George Shimek
Ethel DeLaHunt
E Avenue
Frank Bukacek
Jake Stusak
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