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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Jan 07, 1958
Page
3
A small intimate group discusses self reliance of men and women. A woman jokes that her husband would starve if his wife left and restaurants closed. The remark falls on a man singled out and earns pity from the speaker.
The piece lampoons inept husbands who cannot find a can opener or cook, urging sweeping reforms. It contrasts old fashioned standards with current times and notes sadness over the shift from Grandfather’s era. It ends by calling husbands to learn cooking to keep meals on the table.
Wisconsin killer Ed Gein, famous for grave robbing and two slayings, is deemed legally insane and sent back to the state hospital. A court hearing quoted experts ruling he lacks the capacity for liberty.
Malcolm McNair, Harvard professor and NRDGA speaker, warned that the Soviet lead is tangible and the US risks surrendering leadership in science. He cited Sputnik as undermining American confidence and urged decisive nationwide direction in investment, manpower, and education to counter the Soviet advance.
Old Faithful erupts about every hour with an average interval just over sixty minutes. Each eruption releases roughly 10 000 to 15 000 gallons of boiling water to an average height near 130 feet.
Harvard economist argues that even a 90 billion dollar defense budget would be 22 percent of GNP, near wartime peaks, and criticizes the administration for too small steps toward an adequate defense program. McNair urges a greatly expanded effort.
A Milwaukee survey and remarks by executives from G Carnegie and Rich's department store discuss color advertising as a tool to revive demand amid deflation fears. They forecast production drops unemployment rises and a potential rebound in late 1950s with new ad concepts and better management.
The 67th annual statement for Cedar Rapids Building and Loan Association filed as of December 31, 1957 lists liabilities including stock installments, stock fully paid, and loans from the Federal Loan Bank. It notes reserves, undivided profits, income tax reserve, and income collected in advance with figures such as 597,112.64 in income collected and 300,000.00 in an advance reserve. Harvey McClary serves as president and Carl F. Volesky as secretary.
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