Fed Eases Curbs On Auto and Hard Goods Credit
The Federal Reserve Board relaxed installment credit rules effective next Monday, extending the repayment period to 21 months for affected items. Down payments on automobiles stay at one third, while hard goods drop from 20 to 15 percent. the move covers a wide list of household items and auto purchases from $50 to $5,000.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve Board
Secretary of the Treasury
John W Snyder
Reserve Board
Congress
Cedar Rapids City Funds Study Advances New Appropriation
Cedar Rapids deliberates a $2,692,239 city budget for April 1 to March 31 1950 with two readings and a March 17 final passage. The plan trims $38,500 from July’s forecast yet raises overall spending versus the current year chiefly for retirement and riverfront improvements while water works and some funds dip.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Louis D. Burgos
Burgus
63-Year-Old Man Dead in Seattle Home
The body of Fred Durow about 63 was found Thursday in his house at 116 Thirty-third Street Drive SE where he lived alone. Coroner says death from a stroke occurred early Tuesday morning. note cites dizzy spells and heart disease and directs body to Turner Chapel. Police entered after a neighbor reported extended absence.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Fred Durow
Thirty-third Street
Robert Brosh
Rent Lids Voted For 15 Months
Washington AP The House Banking Committee approved a 15 month extension of rent controls by 23 to 2 downplaying a 24 month request The expiry remains March 31 unless renewed The panel also rejected penalties for landlords who break ceilings and rejected an amendment to tie ceilings to a reasonable return on fair value of rental property
MENTIONED IN THIS ARTICLE
Washington
House Banking Committee
Rep. Brown
D-Ga
Plane Missing on Refueling Run Near Luzon
Air force officials said a B 29 missing in northern Luzon was one of the tankers that refueled the Lucky Lady II on its around the world flight. Brig Gen Jared Crabb of Clark air base said the B 29 with nine crew met the world circling B 50 but failed to return.
MENTIONED IN THIS ARTICLE
Manila
Air Force
Luzon
Jared V. Crabb
Clark Air Base
Tama Carpenter Wounds Patrolman and Fires on Officers
Tama County deputy sheriffs and local officers tried to arrest 55-year-old Tama carpenter Ivan Elliott at his barricaded home on an insanity warrant. Elliott wounded a highway patrolman and John Willson of Tama before being shot and later taken to Deaconess hospital in Marshalltown. The gun battle occurred as officers attempted to arrest him and a second wounded officer was treated for injuries.
MENTIONED IN THIS ARTICLE
Tama
Ivan Elliott
John Willson
Russell Kern
Elliott
Carpenter
Deaconess Hospital
Marshalltown
Tama County
Russeill Kern
Pat Flynn
Sam Schaffer
Willson
Flynn
Elliott Home
Deaconess ' Hospital
The
Gazette
Cy Berg
Iowa Highway Patrol
Police Pursue Tama Carpenter After Shootout
Marshalltown officer John Willson recalled being shot during the arrest of Ivan Elliott at his Tama home. Willson said he did not realize he was wounded at first and described moving with Sheriff Kern Deputy Flynn and Town Marshal Schaffer toward the back of the house before he collapsed.
MENTIONED IN THIS ARTICLE
Elliott
Kern
Schaffer
Willson
Flynn
Elliott Home
Russell Kern
Pat Flynn
Sam Schaffer
Pat
Legislature Hit For Failure To Pass School Bills
Des Moines AP report quotes Dr. E L Ritter president of the Iowa State Education Association expressing disappointment and deep concern over the legislature not enacting major school measures before spring recess. He notes the senate showed little interest with only one bill out of line with research on Iowa school needs.
MENTIONED IN THIS ARTICLE
DES Moines
Iowa State Education Association
Iowa
E. L. Ritter
Cedar Falls
ISEA
Senate
U S backs Clay rebuffs Molotov over Germany mission
The United States signaled full support for General Lucius D Clay in demanding the Soviet repatriation mission withdraw from the American zone of Germany. A state department note accused Molotov of misrepresentation and distortion of fact in protest.
MENTIONED IN THIS ARTICLE
Washington
United States
Russia
Lucius D
Germany
State Department
Molotov
Clay
Nine Die in Wreck of C-47 Plane in Texas
Wreckage of a C-47 found on the east side of the Sierra Colorado mountains near Del Rio Texas. Nine aboard perished including Major Lucien N Youngblood 30 Houston a Doolittle raider and executive officer of the Hamilton air rescue service. Wreck originated from Biggs Field El Paso on a flight to Kelly Air Force Base San Antonio and burned after crashing Monday.
MENTIONED IN THIS ARTICLE
del Rio
Texas
Here
Hamilton Air Force Base
San Francisco
Biggs Field
el Paso
Kelly Air Force Base
San Antonio
A. E. Steinmetz
Sierra Colorado Mountains
Kelly Base
Lucien N. Youngblood
Houston
Air Rescue Service
Hamilton
Iowa
C Ing Yead
George Vaughn
Menard, Texas
Menard
Seventy Drowned in Chinese Fishing Fleet Storm
A sudden storm in Mirs Bay swamped about 50 fishing junks killing seventy people. Seven bodies have been recovered and some women and children were among the drowned.
MENTIONED IN THIS ARTICLE
Hong Kong
Mirs Bay
Forrestal to resign as defense secretary
President Truman was expected to accept James V. Forrestal’s long-pending resignation and name Louis A. Johnson to the post. The White House prepared an exchange of letters for release and announced the action likely at a late press conference.
MENTIONED IN THIS ARTICLE
Washington
Truman
James V. Forrestal
Defense
Louis A. Johnson
West Virginia
White House
Forrestal
Roosevelt
Navy
Johnson
Democratic Finance Committee
Clarksburg
W. Va
American Legion
Faculty backs college policy in Fortunato case at Upshur College
Up per Iowa university faculty voted to support President V. T. Smith after the release of Coach Joe Fortunato over lack of a master's degree. Students had demonstrated to keep Fortunato, while Smith cited policy alignment and prior trustee actions as justification.
MENTIONED IN THIS ARTICLE
Fayette
Upper Iowa University
V. T .Smith
Joe Fortunato
Fortunato
Smith
St. Louis
Raymond Deming
the Gazette
Dr. Smith
Bulgaria treason trial halted on Independence Day recess
A court in Sofia interrupted the trial of 15 Protestant pastors charged with treason for a break on Bulgaria Independence Day. The pause occurred as judges adjourned the session to observe the holiday.
MENTIONED IN THIS ARTICLE
SOFIA
Bulgaria
The Lecturer’s Challenge Awakens the Audience
The toastmistress quips about a lecturer’s life while the speaker admits his hardest task is waking an audience listening to the introduction. The remark highlights stage timing and the crowd’s attention before the talk.
Mother and Eight Children Die in Lakewood Fire
In Lakewood, a 46 year old mother Maude Clover and eight of her children aged 3 to 15 perished when a stove exploded causing a blaze that destroyed their frugal frame house. A roomer August Taskey also died, while two grown sons escaped badly burned.
MENTIONED IN THIS ARTICLE
Muskegon, Mich
Maude Clover
Lakewood
Muskegon
August Taskey
Clover
Grand Rapids
Eight killed in Halifax tenement blast fire
A flash fire caused by an exploding stove killed eight people in a two story Halifax tenement on Thursday. Two others were burned.
MENTIONED IN THIS ARTICLE
Halifax
N.S
Fire destroys Stillwater farmhouse killing four
In Stillwater New York a farmhouse fire of undetermined origin killed four people including Robert McNeil 86 and his grandchildren Georgianna Skellie 2 and Millard 8 and farmhand Calvin Wadsworth 55.
MENTIONED IN THIS ARTICLE
Stillwater
N. Y
Robert McNeil
Georgianna Skellie
Millard
Calvin Wadsworth
Linn County Red Cross drive nears quota as two days remain
The Linn County Red Cross drive reports $12 705 collected with two days left to meet a $50 000 1949 quota. A surplus from wartime years funds $12 000 will apply to the 1949 50 budget of $62 000. Marion branch reports a one day drive raising $2 085 goal with residential division at 40 percent. Marion chairman is Winfield A White with ward captains named.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Linn County Red Cross
Linn County
Linn
John Beck
Marion
Marion Red Cross
Winfield A. White
Gilbert Rathman
W. W. Lary
S. F. Cary
Harry Dunn
Harvey Gipp
Harold Phillips
Temperatures in the 50s Seen Friday Across State
The weather bureau forecast warmer readings up to 60 degrees in the west and low fifties in Cedar Rapids. Southerly winds up to 20 mph would push temperatures higher as rivers and streams rise with little flood danger reported.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Weather Bureau
Also Mentioned on This Page
Gordon Cory
Leon Kyserling
Council of Economic Advisers
Cedar Rapids News
River Front Improvement Fund
Today's Index
Esane
Eerre
Seeree
Eee Ee Ene
Beesense
Oteneoge
Eee Eee
Tama Carpenter
Band
Insanity Commission
Robert Grossnickle
Grossnickle
Ellett’s
Mrs. Elliott
Marshalltown Times-Republican
Cedar Rapids Gazette
U.S
Louis Johnson
U.su
Red Cross
Mercantile
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