Board Head Cautious on Credit Ban
Chairman William McChesney Martin Jr of the Federal Reserve Board said banning credit in stock buying would have undesirable effects and should not be undertaken without careful consideration. He avoided a direct yes or no when asked by the Senate banking committee if margin requirements should be raised in the near future.
MENTIONED IN THIS ARTICLE
Ed Creagh
Washington
William McChesney Martin, Jr
Federal Reserve Board
Martin
Senate Banking Committee
New York Stocks Fall Amid Dual Selloff Waves
Stocks slid as much as seven points in two waves on Monday with volume near five million shares. Former NYSE president Martin warned of unhealthy speculative psychology and noted margin loans reaching record highs while stressing regulation cannot guarantee against all excesses. He called the Senate inquiry useful and constructive.
MENTIONED IN THIS ARTICLE
New York
Senate
Wall Street
Spring Showers May Change Soon Across Iowa
A weather report notes springlike showers and thunder across Iowa with a brief hail event in Des Moines. Forecasters caution that Aprillike rain could be followed by snow Tuesday and warn of possible severe storms and tornadoes in south central Iowa from 3 to 10 p.m. The moisture from the south brought .25 inch of rain to Cedar Rapids before noon as cooler air is expected to move in.
MENTIONED IN THIS ARTICLE
Iowa
Des Moines
Kansas City
Cedar Rapids
All Buses To Cross Second Avenue Bridge
Cedar Rapids council approved revisions to bus routes starting Wednesday. Three lines will stay on Second avenue river crossings while Ellis park Linwood and Sixteenth avenue routes continue there. Public safety officials warned First street movements would worsen congestion and hazards. Residents criticized proposed Ellis park loop and Linwood stop changes, while Mayor urged written petitions. Council approved keeping Second avenue for river buses with minor changes.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Third Avenue
Second Avenue
Ellis Park
Linwood
Sixteenth Avenue
City Lines
Ellis Lane
Eighth Street
Q Avenue NW
Park Entrance
Fourteenth Street
Wilson Avenue
Ninth Street
Dewey and Almy
First
Bill Remington
First Street
Second
Third Avenues
William Kudina
E. A. Prochaska
Jesse Hunter
Don Hines
Chicago
Prochaska
Ellis Park Lline
Rex Meek
la Street
Nationalists Blast Ships In Southeast China Clash
Nationalist air force reported destroying three Communist gunboats and seven armed junks in a patrol strike southeast of Amoy. A flotilla of more than 50 Communist craft was attacked despite heavy coastal fire. all Nationalist planes returned safely.
MENTIONED IN THIS ARTICLE
Taipei
Formosa
Amoy
Chuckle on aging and desire from a quip
A humorous reflection on women and aging. It notes the paradox that youth desire lengthens, while the old wish for youth again, but much of life aims for simplicity and duration.
Sweden Ousts Czechs Over Espionage Affair
Sweden expelled three Czech legation members and barred a Romanian staffer from returning, accusing all four of involvement in a recent espionage case. Police detained ten suspects over the weekend and one more Monday, including five Swedes and others from Czech, Romanian, German, and unidentified nationalities. Public prosecutors plan arraignments early next week as police targeted two nationwide spy rings believed to operate independently but executed with coordinated timing.
MENTIONED IN THIS ARTICLE
Stockholm
Sweden
Werner Rhyninger
Settlement Told In Suits Based on Winchell Column
New York Daily Mirror settles libel actions for 1.525 million dollars filed by the New York Post and editor James A. Wechsler. The statements by Walter Winchell, broadcast on ABC, deny claims of disloyalty and Communism. Public notice says suits ended with payment of 30,000 dollars in costs. Winchell also disclosed his departure from ABC over an insurance dispute.
MENTIONED IN THIS ARTICLE
NEW York
New York Daily Mirror
New York Post
James A.wechsler
Walter Winchell
Post
ABC
Winchell
Wechsler
Panties in Yard Stirs Litherland Council Debate
In Litherland England the town council told residents of a municipal housing development to stop hanging panties in front yards or relocate. Councilor R W Lloyd cited visibility on the main road and embarrassment to passersby as the reason for the rule.
MENTIONED IN THIS ARTICLE
Litherland
England
R. W. Lloyd
Churchill Tells 1954 Bid For Meeting With Molotov
Prime Minister Churchill disclosed that in July 1954 he privately asked Molotov about a top level Anglo Russian meeting without the United States. He said the Soviet reply was friendly and encouraging but he suspended the plan to avoid undermining NATO and to wait on Geneva conference results.
MENTIONED IN THIS ARTICLE
London
Churchill
Kremlin
U.S
NATO
Molotov
Eisenhower
Georgi Malenkov
Senator Jackson urges Congress to let Ike decide Formosa policy
Washington AP Senator Jackson of Washington urged colleagues to stop giving public advice on Formosa matters. He said only President Eisenhower can decide actions such as halting a Finnish tanker delivering jet fuel to Communist China. Knowland suggested intercepting the tanker if needed. Jackson stressed the 1955 defend Formosa backing implies respecting the President's judgment.
MENTIONED IN THIS ARTICLE
Washington
Jackson
D-Wash
Congress
Eisenhower
Formosa
China
Sen
Knowland
R-Calif
defend-Formosa
Dixie Telephone Workers Strike Across Nine States
About 50,000 union members in the Dixie Telephone industry walked out in the Southern Bell area. No major service disruptions outside non dial towns as old contract expired. Management pushes for a no-strike clause, causing deadlock. Supervisors filled switchboard roles to maintain long distance traffic. The company warned delays during peak hours may occur.
MENTIONED IN THIS ARTICLE
Atlanta
Southern Bell
Poisoner of Four Husbands Declared Insane in Tulsa Case
Psychiatrists at Eastern State Hospital Vinita declared Grandma Nannie Doss insane after 90 days of observation and recommended recommittment to an asylum. The ruling bars her trial for murder in the death of her last husband Samuel Doss at present.
MENTIONED IN THIS ARTICLE
Tulsa
Nannie Doss
Eastern State Hospital
Vinita
Samuel Doss
Chicago workers approve Montgomery Ward strike plan
CHICAGO UP 1500 Montgomery Ward employees voted unanimously Sunday to authorize a threat of strike. The walkout could affect department store operations in the city as labor action looms.
MENTIONED IN THIS ARTICLE
Chicago
Montgomery Ward
Cap Pistol Bill Clears Iowa House 69 to 22
The Iowa House approved a bill 69 to 22 to lift prohibitions on gifting a toy pistol to a minor and to legalize sale of caps for toy pistols. Rep. Dewey Goode added the cap sale measure while Rep. Gus Kuester warned against encouraging delinquency. The General Assembly also advanced a bill to protect reservists' jobs and benefits when called to active duty.
MENTIONED IN THIS ARTICLE
Iowa
Des Moines
INS
House
Dewey Goode
Bloomfield
Gus Kuester
R-Griswold
Kuester
Sam Goes to Airmen's Aid Against His Fellow Crows
Sam a loudmouthed crow teams with the U S air base to root out rival birds pecking at plane fabric. After becoming a casualty he agrees to betray fellow crows for food and safety, guiding airmen to shoot the roosting birds while Sam signals from a tied corded perch.
MENTIONED IN THIS ARTICLE
Sam
Airmen's
Frankfurt
U.S. Air Force Base
Uncle Sam
7,167Th Air Transport Squadron
Air Force
Russian shoots one in raid on British embassy
An armed Russian forced entry into the British embassy in Moscow injuring a Soviet militiaman during a 15 minute confrontation. First secretary John Morgan and guard Thomas Gray disarmed the gunman, who was then handed to Soviet authorities as staff and guards ensured no serious harm. The incident occurred while Ambassador Sir William Hayter and his wife were away.
MENTIONED IN THIS ARTICLE
Moscow
INS
William Hayter
William
Kremlin
Sir William
Chancery
Embassy
John Morgan
Thomas Gray
Victoria
Edward VII
George VI
Townsend says Princess Margaret has not decided to marry Townsend
Brussels AP report details Capt Peter Townsend denying a princess Margaret marriage decision. Townsend called claims pure invention and said he may avoid reporters. The story notes Bishop Alfred Blunt urging Margaret to abandon plans, reflecting church opposition to divorcee marriages.
MENTIONED IN THIS ARTICLE
Brussels
Peter Townsend
Margaret
Airate Tache
Townsend
London
Edward VIII
Alfred Blunt
Bradford
the People
Elizabeth II
Church of England
Meager Cedar Rapids school board turnout amid rainy weather
Cedar Rapids voters showed a light turnout in Monday's school board election with polls closing at 7 p.m. Most precincts reported turnout between one-fifth and one-half of the 1954 level. Only two ballot questions concerned selling two vacant southwest Cedar Rapids properties.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Court Rules Yet Seniority Stands
The Supreme Court ruled 7 to 1 that a veteran returning to his old job must hold the exact position on the seniority ladder as if he had never left for military service. The decision reversed lower court rulings, with Justice Reed the sole dissenter.
MENTIONED IN THIS ARTICLE
Washington
Supreme Court
Reed
Viet Nam Chief Is Bomb Target
South Viet Nam Governor Tran Van Lam narrowly escaped a terrorist attack when a time bomb exploded under his car outside his villa. The blast destroyed the vehicle and prompted immediate strict security measures against rebellious religious sects. Lam and his driver escaped unharmed.
MENTIONED IN THIS ARTICLE
Saigon
Indo-China
Tran van Lam
South Viet Nam
Tran
Mellon Cited in Dig at Humphrey
Senate Democratic Leader Johnson faults Treasury Secretary Humphrey as aiming to be the best big business secretary since Mellon. Senate Republican Leader Knowland defends Humphrey as able and well qualified while noting he has earned respect. Johnson says the tax bill is congressional responsibility and will redirect last year's business concessions to all.
MENTIONED IN THIS ARTICLE
Washington
Senate
Johnson
Texas
Treasury
Humphrey
Andrew Mellon
Knowland
Calif
Congress
Also Mentioned on This Page
Bill Seaberg
Carl Cain
Bill Schoof
Sharm Scheuerman
Logan
New York Stock Exchange
Second Avenue Bridge
Walter Hubbard
Frank J. Volak
Wilson
Hubbard
Milo Sedlacek
Hines
Kenneth Miller
Ike
Dixie Telephone Workers
Tom Stone
Zeppelinheim Woods
Rod and Gun Club
Princess
Bishop Blunt
Sydney Sun-Herald
Richard Martin
Bishop
Edward
Duke of Windsor
Wallis Warfield Simpson
Viet Nam
Today's Index
Ee Daily Record
Eenee Farm
Inez Robb See
Marion
Rt Eeenne
Mellon
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