Inflation Peril Past Board Says
Washington reports the Federal Reserve Board says inflation has largely run its course and authorizes resuming margin trading on securities with margin requirements cut from 100 to 75 percent on February 1. Chairman Eccles cites improved economic conditions and record peace-time industrial production in 1946.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve Board
Federal Reserve
Marriner S. Eccles
Reserve Board
Ford Motor Company
Eccles
Banker Held As Embezzler In New Castle
Robert C. Love 63, a prominent New Castle banker and president of the First Securities Company, was held on 100000 bond on charges of embezzling 221000 from the firm. District Attorney Leroy Donaldson said Love admitted siphoning assets since 1935 to cover stock losses and aimed to restitution, replaced as president by Russell W. Jackson after Love could not produce securities.
MENTIONED IN THIS ARTICLE
New Castle
Robert C. Love
First Securities Company
Leroy Donaldson
Love
Russell W. Jackson
New York
Dent
Love Alsy
Weekend Weather Brightens Cedar Rapids Forecast
Cedar Rapids forecasts a pleasant weekend with continued spring-like weather. Tonight's low 25, Sunday highs 45 to 50. city readings show 50 this afternoon, Osceola peak 50 yesterday, Spencer 15 this morning, and Cedar Rapids 30 at 10 a.m.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Oskaloosa
Spencer
Cedar Raids
New owner adds income tax aid at Snappy Snack Caf�
In La Junta Colorado patrons at the Snappy Snack cafe will get help with their income tax returns through March 15. Richard Jacob, the new owner, brings 15 years of experience in the internal revenue service to assist guests.
MENTIONED IN THIS ARTICLE
LA Junta
Colo
Richard Jacob
One Dies 14 Hurt In Blasts Fire In Apartment House
In Cleveland a double explosion and flash fire ripped an apartment building early Saturday. One woman, Mrs. Lillian Somers, 67, died, Hugo Humfeldt suffered multiple injuries, and 13 others were hurt. Fire officials blamed escaping gas. damage was about 20000 dollars.
MENTIONED IN THIS ARTICLE
Cleveland
Lillian Somers
Hugo Humfeldt
Fire at Morrison hotel contained by operators and sprinklers
A small fire in a paper chute at the Morrison hotel in Chicago late Friday was halted by quick telephone operator action and automatic sprinklers before firemen arrived. Guests, fearing a repeat of the La Salle tragedy, rushed for exits but were restrained. Fire Marshal James Gibbons said the blaze likely started from a discarded cigarette.
MENTIONED IN THIS ARTICLE
Chicago
INS
Morrison Hotel
la Salle Hotel
James Gibbons
Poland Tense on Eve of Balloting
Security police reported on the eve of Poland’s general elections that they had seized battle orders for a pre election uprising in central Poland. The Potsdam agreement sets Sept 1 1939 as a touchstone for the second world war. Poles will ballot Sunday to choose 444 members of the sejm parliament.
MENTIONED IN THIS ARTICLE
Warsaw
Poland
Polar Wind Sears Yanks Revisiting Little America
Eleven Antarctic explorers trek six miles from the Northwind to Little America’s ruins on Ross Sea. A mix of Byrd veterans and first timers recall and endure a cold six hour walk under a gray sky while inspecting snowed-in huts, vents, and old 1941 provisions buried in the ice.
MENTIONED IN THIS ARTICLE
Sears
Little America
Byrd Quarters
Antarctic
Ross Sea
Paul A. Siple
Arlington
Irene Dunne
Charles Boyer
21 Arrested As Hijackers
The FBI said 21 men, 20 in New York and one in Miami Beach, were arrested as members of the Westo gang responsible for more than 30 truck hijackings in the past year costing victims hundreds of thousands. Edward Scheidt called the arrests a blow to hijackers and motor truck thieves harming New York City businesses.
MENTIONED IN THIS ARTICLE
New York
FBI
Miami Beach
Fla
Shilb Edward Scheidt
New York City
Strike vote set large Japan railway workers walkout
Tokyo reports government railway communications and administrative workers union representatives voted Saturday to strike on February 1. The 1.7 million or 2.7 million members could halt trains on government-operated railways and disrupt domestic communications, forcing closures of many government offices.
MENTIONED IN THIS ARTICLE
Tokyo
Japan
General Marshall to be sworn as secretary of state
General Marshall will be sworn in Monday as secretary of state in President Truman's Office, the White House announced Saturday.
MENTIONED IN THIS ARTICLE
Washington
General Marshall
Truman
White House
Crandic To Probe Cou Falls Wreck
A Crandic line collision between two passenger cars near the Iowa River bridge between Cou Falls Friday at 12 30 p m injured three women. Margaret Nosek of Iowa City 21 was treated for shock cuts bruises and head injuries at Mercy hospital. Officials offered no statement pending inquiry with damage estimated at 4200.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Crandic Line
Iowa River Bridge
Cou Falls
Margaret Nosek
Iowa City
Mercy Hospital
Robert FE. Farrell
Crandie
Marvin Wright
Wright de Farrell
J. W. Hageman
Washington Avenue
Fred Thompson
Ninth Avenue SW
Substance Found To Retard Tuberculosis
A crystal line substance isolated from Cali is reported to retard tuberculosis. Research notes imply potential early breakthroughs in chemotherapeutic agents, with optimism for future studies and applications pending further testing and verification.
Aids Could Have Prevented Fourth Of Plane Crashes
Washington based Civil Aeronautics Administrator T P Wright says radio and radar aids now in civil aviation could have prevented nearly a quarter of last year’s crashes. He testifies as the House commerce committee opens air safety hearings to probe delayed radar adoption and weather landing hazards amid interservice disputes. Ground controlled approach tests to begin soon in Washington New York and Chicago. Army claims it saved 22 lives with emergency landings at Mitchel Field.
MENTIONED IN THIS ARTICLE
Washington
Civil Aeronautics
T. P. Wright
House Commerce Committee
Wolverton
RN. J
Wright
Army
Navy
CAA
Washin New York
Chicago
E Army
Mitchelfield
N. Y
Farley Rates Dewey as Top G. O. P. Possibility
Former Democratic chief James A. Farley says Gov. Dewey of New York is No. 1 on the list of possible Republican presidential nominees for 1948. He ranks Sen. Taft of Ohio second and Sen. Vandenberg of Michigan third.
MENTIONED IN THIS ARTICLE
Washington Ene
James A. Farley
Gov
Dewey
New York
Farley
Sen
Taft
Ohio
Sen. Vandenberg
Michigan
CIO Fights Bid To Bar Wage Suits In Portal to Portal Pay
The CIO challenged constitutional validity of bills to bar portal to portal wage suits as hearings opened before a senate judiciary subcommittee. CIO Counsel Lee Pressman warned the measures threaten workers rights and public welfare while AFL and industry leaders urged outlawing portal pay claims. Senator O Daniel proposed taxing all portal pay funds and recovering them for the treasury.
MENTIONED IN THIS ARTICLE
Washington
CIO
Senate Judiciary
Lee Pressman
Portal To Portal Pay
Senate
Pressman
Walter J. Mason
AFL
O’daniel
Texas
The
Treasury
portato _s
Bul
Loss at Poker Led to Train Wreck Effort
A section gang worker in East Salinas confessed to attempting to derail a Southern Pacific train by tampering with tie plates and a poker. No derailment occurred and no passengers were injured. He told agents he acts while drinking after losses at poker and faces two counts of rendering unsafe interstate property and attempting derailment.
MENTIONED IN THIS ARTICLE
San Francisco
FBI
Army
United States Marshal
Chinese Vessel Sinks Near Shanghai After Collision
The wooden ship Chikiang carrying over 1,000 passengers sank at the Whangpoo river mouth after colliding with a tug. First reports cited 400 to 500 drowned and many passengers were refugees returning to reoccupied areas.
MENTIONED IN THIS ARTICLE
Shanghai
Whangpoo River
Truman Recall of Unspent Funds Hailed by Congress
President Truman seeks to return more than 1.5 billion dollars of unspent appropriations to unobligated status in the treasury. House Appropriations Chairman Taber said Congress would act next week, noting cancellations will not affect the 37.5 billion dollar 1948 estimate and that no tax cuts are endangered.
MENTIONED IN THIS ARTICLE
Washington
Truman
Treasury
Congress
Taber
R-N.y
House Appropriations Committee
Re House
Commerce Department
McMurray Denied Old Faculty Job By Wisconsin U
Howard McMurray former associate professor of political science and defeated Senate candidate was not rehired by University of Wisconsin regents. The board voted 4 to 2 citing his greater political interest than university service. Regent Daniel Grady faulted the action as barring a man for his political beliefs.
Republican Leaders Block Trade Policy Shakeup
Washington reports the administration won the first round of its battle to preserve the foreign payments program as Senate Republicans signal a conservative shift. Sen Butler Reb and allies push for a new policy committee while vowing tariffs reductions remain limited.
MENTIONED IN THIS ARTICLE
Washington
Senate Republican Ae
Sen
Butler Reb
Senate Blican
Senate Finance Com
Red Proposal of Reich Evacuation Is Rumored
London dispatch reports a rumor that a red proposal for Reich evacuation is circulating. A United States Department official comments may follow as details emerge.
MENTIONED IN THIS ARTICLE
Reich
London
United State Department
Communists reject offer to send envoy to Yenan for truce talks
Communist leaders on Saturday rejected a government proposal to dispatch an emissary to Yenan to restart negotiations for a ceasefire.
MENTIONED IN THIS ARTICLE
Yenan
Thompson Named Acting Governor After Arnall Resigns
Georgia's Arnall resigns as governor effective immediately after Thompson sworn in as lieutenant governor. Arnall says Thompson is qualified to take over, and will pursue ousting Talmadge while maintaining law and order. Arnall urges courts to uphold constitutional process and says unity and democracy must prevail.
MENTIONED IN THIS ARTICLE
Atlanta
Ellis Arnall
Georgia
M. %. Thompson
Herman Talmadge
Arnall
Thompson
Degrce
Geeland
Ee Eeee
Union foe claims wife beaten by labor goons in Chicago
Harry Morgan says his wife, 36, was beaten on Friday night by assailants he accuses of acting for CIO Local 1150 of the United Electrical, Radio and Machine Workers of America. She suffered a split lip, black eye, jaw injury and sprained ankle after being surprised off a street car. Morgan says threats were made against both of them as his four-year dispute with the union continued.
MENTIONED IN THIS ARTICLE
Chicago
INS
Harry Morgan
Morgan
CIO
United Electrical, Radio and Machine Workers of America
Union
Also Mentioned on This Page
Axe
Secretary of
Navy Forrestal
War Patterson
Lauris Norsted
War Department
William D. Leahy
Dwight D. Eisenhower
Chester W. Nimitz
Forrest P. Sherman
Today's Index
Ee Ettee Daily Record
H. D. Quigg
Crandic
Cali
CI0
Zee Tee
Saltene
G.O.P
REDS
Talmadge
Hannegan
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