Postwar US debt will be grave problem say analyst
Owen L. Scott argues postwar tax plans aim only for balance without surplus for debt retirement. He compares US debt growth to Britain’s, cites lend lease and wartime costs, and warns debt could climb to 350 billion if prosperity falters, risking higher interest burdens and taxation.
Danger in Borrowing and the Debt After the War
The article argues that large government debt forces focus on maintaining income to service the debt without overburdening taxpayers. It critiques New Deal borrowing to sustain income and warns that excessive postwar debt could spook securities holders, trigger a run on government bonds, and create serious national consequences.
MENTIONED IN THIS ARTICLE
United States
Swank Westchester estate leased to L K Kung in New York
Capital Staff report notes a large renovated Westchester estate will be leased to Boston resident L K Kung nephew of Madame Chiang Kai-shek and sister Madame H H Kung. Chiang Soong Mayling plans unofficial U S visit as private guest, health topics cited since Rio de Janeiro stay. John E Lewis to address United Mine Workers convention in Cincinnati while CIO Auto Workers meet in Grand Rapids. Boeing and Douglas advance airliner developments as Congress debates ECONVERSION and flood control bills.
MENTIONED IN THIS ARTICLE
Swank
Westchester County
New York
L. K. Kung
Boston
Chiang Kai-shek
China
United States
Chiang Soong Mayling
Madame H. H. Kung
Harkness Pavilion
New York City
Madame Kung
Chungking
Rio de Janeiro
Madame Chiang
Rio
John E. Lewis
United Mine Workers
Cincinnati
UMW Journal
Lewis
Gov
Dewey
CIO
United Auto Workers
Grand Rapids
Walter Reuther
Political Calendar EPTEMBER 12 Primaries across states
Colorado primaries seek U S senator to replace Eugene D Millikin and four U S representatives plus governor and state tickets. Louisiana primaries nominate U S senator to replace John H Overton and eight U S representatives with some state officials. runoff planned October 17 if needed.
MENTIONED IN THIS ARTICLE
Eptember
Colorado
U. S
Eugene D. Millikin
John C. Vivian
Louisiana
U .S
John H. Overton
Out of the Past Obstinacy and Vehemency Quote
A brief quotation attributed to Barton condemning obstinacy and vehemency as clear signs of stupidity.
Postwar Plane Speed Contest Draws Big Builders
ANA officials set a postwar transport speed contest inviting Lockheed and other major builders with advanced models in progress. Lockheed already holds an official record of six.
MENTIONED IN THIS ARTICLE
Ana
National Aeronautic Association
Lockheed
Double header plan as war clouds gather
Beer notes a tense international stance with France reasserting aims and Lafayette possibly visiting. He hints at preparations for another conflict and praises Eisenhower, Patton, Bradley and the troops. The message closes with a sharp quip about showers cooling the troops.
American Radio Traitors in Berlin Silenced by Allied Advance
William L. Shirer reports on American broadcasters in Berlin who ceased or altered work as Allied forces closed in. Kaltenbach Best Chandler Anderson Koischwitz Day Bullitt and Fritzsche are noted, with Goebbels exploiting traitors to sow anti Allied sentiment and drive a Russia focus.
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U. S
Berlin
Fred W. Kaltenbach
Iowa
Germany
Robert H. Best
South Carolina
Goebbels
Best
Kaltenbach
Hitler
Messrs
Roosevelt
Dewey
Douglas Chandler
Paul Revere
Otto Koischwitz
Hunter College
Bradley
France
Dr. Goebbels
Doktor
Donald Day
William C. Bullitt
Life Magazine
Hans Fritzsche
Mr. Bullitt
Europe
Chicago Tribune
Col
Robert McCormick
Day
Tribune
Moscow
Riga
Mr. Day
Italy
Churchill Eyes Catholic Buffer States to Counter Soviet Balkans Reach
Drew Pearson reports Churchill plans to press F D R for backing a Mediterranean Catholic buffer of Croatia Slovenia Hungary Austria Italy Spain possibly France to stem Soviet influence in the Balkans. The idea, discussed with Vatican contacts, hinges on U S power to sustain a confederation of Catholic nations.
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Churchill
Balkans
F.D.R
Rocse
Churchil
Russia
Vatican
Yugoslavia
Adriatic
Italy
Croatia
Slovenia
Serbia
Hungary
Austria
Spain
Portugal
France
Franco
United States
Teheran
Stalin
Bulgaria
Romania
Greece
Balkan
Britain
Europe
Aquatic Meet Opens As Crowd Applauds YMCA Effort
A large crowd attended the YMCA aquatic meet with many outsiders and women among the spectators. The article notes Orin N. Ford returning from an eastern shooting tour and the Cue college football squad starting practice at Midriver Park with 23 players. It also covers Lincoln J. Carter's Two Little Wards at Greene's, Finnigan's Ball, Linn County Medical association officers, and a district court criminal docket numbering 60 informations for the term.
MENTIONED IN THIS ARTICLE
Cue College
Midriver Park
Cedar Rapids
Battersby
Lincoln J. Carter
Greene
French Record in Restoring Order Honors Democracy
Louis Bromfield praises France for restoring government after occupation, contrasting with Italy and Germany. He lauds self government, citizen participation, and local justice as France forms a lawful, democratic system while warning against totalitarian rule and bureaucratic control.
MENTIONED IN THIS ARTICLE
France
Germany
Junker
Paris
Can or Jar A Debate On Empties Ends In A New Challenge
The piece argues the real contest is waste disposal, not eye appeal or vitamin counts. It calls for a can that collapses into a neat lump within 10 minutes of opening and a jar that becomes a stylish ash tray, aiming for practical, fashionable solutions.
MENTIONED IN THIS ARTICLE
St. Louis Post-Dispatch
Raymond Loewy
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