Federal Reserve Tightens Private Loan Funding Amid Crisis
The government slashed funds for private loans and linked banks to stricter controls to curb lending. A Fed board order froze about 2.8 trillion dollars in reserves, signaling tighter credit and potential risks of banks selling government securities to cover loans while firms may seek alternative financing outside the system.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve Board
Vantaa
Apponomise
CRSA
Rubber Tie
ENPA
Tf S
Oves
Casole
Alteats
Eteo
Federal Reserve
Hanrd Tao
Federal Reserve Ayatemt
NPA Puts Cobalt Under Controls
The National Production Authority placed gates and use of cobalt under tight controls to conserve the metal for defense purposes. Officials said the action would hit radio and television manufacturers extremely hard and affect other civilian products as well.
MENTIONED IN THIS ARTICLE
Washington
Felday
NPA
Temporary mailmen dump their letters during holidays
Two temporary mail carriers in New York faced charges for destroying mail after claims they discarded heavy Christmas bundles. Joseph Davis admitted tossing five bundles into a snowbank while Arthur Haas, accused of burning a bundle, said I was thred and denied intent.
MENTIONED IN THIS ARTICLE
New York
Joseph Davis
Davis
Arthur P. Haas
Haas
Chicago Tries Again to Halt Jaywalking
Chicago plans another attempt to curb jaywalking starting Friday with warnings to pedestrians who cross mid block or against signals. Later notices lead to traffic tickets with fines up to 200 dollars. an earlier ordinance was struck down as unconstitutional by the Illinois Supreme Court.
MENTIONED IN THIS ARTICLE
Chicago
Ilinois Supreme Court
Iowa commission limits funding for rail crossing protection
Des Moines reports the Iowa state commerce commission will base crossing protection requests on high hazard ratings due to limited funds. It denied two bids and granted one, urging alternative financing and noting highway traffic and speeds now change risk. The Milwaukee line at Charles City will get a flashing light due to obstructed view. other requests were denied.
MENTIONED IN THIS ARTICLE
Des Moines
Iowa State Commerce Commission
Inois Central
Milwaukee Railroad
North 'E” Street
Charles City
Charles Guy
Illinois Central
Main Street
Durant
Rock Island Railroad
Milwaukee
Stir Up Bit of Trouble Inside Russia and Satellites
Senator Wiley urges U S support for armed and covert actions inside Russia and communist satellites. He says bold leadership could spark revolutions and that a counter revolutionary program would cost far less than current spending. He frames the move as giving enemies a taste of their own medicine.
MENTIONED IN THIS ARTICLE
Russia
Washington
Wiley
R.-Wis
United States
Senate Foreign Sylations Committee
America
China
Bomb Shelters Envisioned for Million People in NYC Plans
New York city outlines construction plans to shield up to 1,000,000 people using existing and newly built tunnels. The $104,000,000 project seeks federal aid and includes underground towns with bunks, canteens, kitchens, and first aid facilities.
MENTIONED IN THIS ARTICLE
New York
New York City
Drag Lake for Missing Stone in Hyde Park Probe
London detectives dredged Hyde Park’s Serpentine for a second object matching Britain’s missing coronation stone. A 458 pound stone was stolen from Westminster Abbey on Christmas morning. Police planned a dusk lift after experts arrived. earlier a rusty safe was found among the debris. A crowd watched as divers, who had recovered park benches and stones, continued the search prompted by an anonymous tip.
MENTIONED IN THIS ARTICLE
London
Scotland Yard
Hyde Park
Britain
Westminster Abbey
Continuance Sought for Iowa Deaf Blind Program
Iowa interim committee backed by the legislative interim committee recommends continuing the deaf blind program at the Iowa School for the Deaf. The panel met behind closed doors in Des Moines to draft its biennial report and proposed funding if the school does not request money. Six pupils currently attend, up from four. Senator Jay Colburn chairs the panel.
MENTIONED IN THIS ARTICLE
Legislative
Iowa School For Deaf
Associated Press
Des Moines
Jay Colburn
R-Harlan
Murder charge filed in Spirit Lake case
Dickinson County Attorney Paul I. Namtvedt filed an open murder charge Friday against Archie Lee Henry, 25, in connection with the Christmas Eve killing of 50 year old Milford, Ta resident Henry Wieskus.
MENTIONED IN THIS ARTICLE
Spirit Lake
Dickinson County
Paul I. Namtvedt
Archie Lee Henry
Henry Wieskus
Milford
Regional Youth for Christ Convention Opens in Des Moines
A two day regional convention of Youth for Christ directors pastors and young people from Iowa Nebraska and Colorado opened here Friday. The gathering in Des Moines features discussions on youth outreach, faith, and community service with participants from multiple Midwest states.
MENTIONED IN THIS ARTICLE
Des Moines
Youth For Christ
Iowa
Nebraska
Colorado
Californian Wins 1950 World’s Greatest Liar Title
A Californian, Frank J. Goulette of Los Angeles, crowned Friday as the world’s champion liar of 1950 by the Burlington Siars’ club after submitting a fantastical tale about a dead crewman and a pile driver in North Dakota. Honorable Mention went to Joseph Flynn of Cleveland, Ohio, for a railroad tale about canaries sparking a train to roll.
MENTIONED IN THIS ARTICLE
Burlington
Wis
Burlington Siars’ Club
Frank J. Goulette
Los Angeles
North Dakota
Joseph Flynn
Cleveland
President Signs Yugoslav Aid Bill for Food Aid
President Truman signed legislation providing 33,000,900 dollars in food aid for drought stricken Yugoslavia. The total American assistance to the Balkan nation rises to about 69,000,000 dollars. Yugoslavia is communist ruled and at odds with Russia.
MENTIONED IN THIS ARTICLE
Washington
Truman
Yugoslavia
Balkan
Russia
Child chokes on grape aboard New York Central train
A two year old Cleveland boy Aubrey Vanney died after choking on a grape while aboard a New York Central train en route to Dayton Ohio Thursday night.
MENTIONED IN THIS ARTICLE
Dayton
Cleveland
Aubrey Vanney
New York Central
Atlantic Tops in Fire Prevention
Atlantic, Iowa, population about 6000, topped 2,312 other U S cities in fire prevention efforts. Winners in the municipality division of a national contest by the National Board of Fire Underwriters and the National Fire Protection Association were announced Friday during Fire Prevention Week October 8 to 14. Fort Collins, Colorado, ranked second among U S cities.
MENTIONED IN THIS ARTICLE
New York
Atlantic
United States
National Board of Fire Underwriters
Natonal Fire Protection Association
Fort Collins
Col
U. S
Medical Men Under 50 Must Register
Washington officials announce that virtually all physicians dentists and veterinarians under 50 who are not yet registered must sign up for the draft on January 15. Draft Director Lewis B. Hershey estimates about 210000 medical men must register to support a military establishment of 3.5 million.
MENTIONED IN THIS ARTICLE
Washingson
Lewis B. Hershey
Richard L. Meiling
Defense Department
Iowa Traffic Deaths on December 29, 1950 and 1949
A compact record notes traffic fatalities occurring on December 29 in both 1950 and 1949 in Iowa. Details list the incidents, locations, and involved parties as preserved in the era’s obituary and public safety notices.
MENTIONED IN THIS ARTICLE
Iowa
Texas Girl Named 1951 Maid of Cotton
Memphis Tennessee, a Texas girl Jeannine Holland won the 1951 Maid of Cotton title over 18 contenders. The 21-year-old Houston student at Texas State College for Women will tour the United States, Europe and South America as the industry’s goodwill ambassador. She expressed excitement at the prize and noted she has never been east of St. Louis.
MENTIONED IN THIS ARTICLE
Memphis, Tenn
Texas
Jeannine Holland
Houston
United States
Europe
South America
St. Louis
Miss Holland
Texas State College For Women
Reminder to Draft Eligible Students in Iowa
Des Moines reports that Iowa college students eligible for the draft were reminded that reporting for pre-induction physicals will make them ineligible to enlist in any armed service. Col Ralph Lancaster said the rule defers induction until end of the academic year and bars enlistment once pre-induction orders are received. About 1,000 Iowans are expected to receive notices in January to report for physicals. The agency acts sooner due to the international situation.
MENTIONED IN THIS ARTICLE
Des Moines
Selective Service
Armed Service
Ralph Lancaster
Iowa
Dog’s Head wedged in five gallon can rescue
CHADRON. Queenie a Beagle hound and her mate Blackie went missing for four days during a hunting trip with George Lambert. Two boys found Blackie worried and led them to Queenie stuck head in a can. Harley Smith cut the can free Queenie who was hungry but unhurt. a live half grown rabbit lay at the bottom, freed with Queenie.
MENTIONED IN THIS ARTICLE
Chadron
Queenie
Blackie
George Lambert
Harley Smith
Smith
New Year’s Eve Plans Fly Quiet in Iowa Town
A sober New Year’s Eve is expected as taverns close at midnight and police enforce curfews. The Moose lodge hosts a public dance with a 1 dollar chair fee, Elks host a members only party, churches offer services, and private house parties fill remaining social gaps.
MENTIONED IN THIS ARTICLE
Iowa
Earl E. Miller
Miller
Eugene Rice
Tavern Owners Association
Moose Lodge
Moose Auditorium
Kennard W. Gardiner
Elks
Elks Club
American Legion
America Presses for Treaty Without Soviet Backing
Washington reports a likely split with Russia over the Japanese peace treaty. The United States will press ahead without a Russian veto or Chinese mediation, favoring Japan’s participation in defense plans and a UN or great-power decision on Formosa, while Moscow views Cairo underpinnings as still binding.
MENTIONED IN THIS ARTICLE
America
U.S
Japan
John M. Hightower
Washington
Russia
United States
Soviet Union
China
Peiping
Great Powers
United Nations
Formosa
U. S
Cairo
Moscow
Korea
Ridgway Confident Reds Thrust 10 Miles on East Sector
Massed red manpower drove United Nations forces back up to 10 miles in the eastern sector of the Korean warfront. Lt. Gen. Matthew Ridgway expressed complete confidence in the ultimate success of the United Nations effort in Korea. MacArthur said two red regiments seized high ground northwest of Oran, with other advances reported east of Oran and near Yongpo. U.N. warplanes struck the enemy along the front and supply lines from Manchuria. Observation planes spotted camouflaged forward-area vehicles. Forces massed across Korea were estimated at over 1,350,000 Communists and Chinese poised to strike.
MENTIONED IN THIS ARTICLE
Tokyo
United Nations
Matthew B. Ridgway
A. S. Eighth Army
Korea
MacArthur
Oran
Sea of Japan
Yongpo
Oron
Imjin
Yonchon
Manchuria
U.N
Fifth Air Force
Red Front
North Korea
No Tears as Mom Greets Amputee Son
Robert Smith the first quadruple amputee of the Korean War returns to Walter Reed after frostbite injuries at Chosin reservoir. He greets his widowed mother Clara who traveled from Middleburg Pennsylvania with a TV donated to his room. The American Legion chartered her flight and pays expenses. Smith will receive a $360 monthly pension and a fund is being raised by Pennsylvania Legionnaires.
MENTIONED IN THIS ARTICLE
Washington
Robert Smith
Walter Reed Hospital
Clara Smith
Bob
Robert
Far East
Chosin Reservoir
Jack
Erle Cocke, Jr
The
American Legion
Legion
Frost-bite Victim Faces Loss at Percy Jones Hospital
Pvt. Hubert E. Reeves, 19, nearly froze in North Korea and was left for dead by Chinese forces. Army doctors at Percy Jones Hospital in Battle Creek Mich. may amputate hands or feet as penicillin aims to aid healing. Mother Wanetta Reeves of Joliet Ill. says Reeves would sacrifice limbs to leave Korea. It may take six to eight weeks to decide on amputation.
MENTIONED IN THIS ARTICLE
Battle Creek
Mich
Hubert E. Reeves
North Korea
Percy Jones Hospital
Hubert
Korea
Wanetta Reeves
Joliet
Howard Hewit
Army Medical Corps
Power Franchise Wins Approval at Glenwood
Glenwood voters approved a 25 year extension of the Iowa Power and Light company franchise by 556 to 51 on Thursday. The current franchise has four years left, and officials said improvements to the local system are planned but await voter decision.
MENTIONED IN THIS ARTICLE
Glenwood
Iowa Power and Light Company
Power Company
ESA to Open Regional Office in Kansas City
One of thirteen regional offices to handle price and wage problems will be located in Kansas City. The ESA says the office will serve Iowa Nebraska Missouri and Kansas, coordinating economic stabilization efforts across the four states.
MENTIONED IN THIS ARTICLE
Kansas City
Washington
The
Economic Stabilization Agency
ESA
Iowa
Nebraska
Missouri
Kansas
Cold Wave Knocks Out Mild Weather Hopes
A Hudson bay cold front blasts milder expectations as temperatures plunge. Forecasters expect highs in the 20s to around 30, with readings 5 to 10 degrees below normal for several days. Mason City records 6 below zero, while most Nebraska points stay milder.
MENTIONED IN THIS ARTICLE
Canada
Hudson Bay Area
Mercury
Hudson Bay
Mason City
Nebraska
Menlo Man Dies in Two Car Crash Near Menlo
Nels John son 55 of Menlo dies from injuries after a two car collision on a county road west and north of Menlo. A 16 month old infant Stephen Harwood, son of L Earl Harwood and wife of Menlo, was killed in the same crash.
MENTIONED IN THIS ARTICLE
Greenfield
Nels Johnson
Menlo
Adair County
Stephen Harwood
Legislature on TV OKLAHOMA to Telecast Start Next Tuesday
Oklahoma's legislature will be televised for the first time when it convenes next Tuesday and the program may become a daily feature. The move signals a push toward greater public access to state government proceedings.
MENTIONED IN THIS ARTICLE
Oklahoma
Also Mentioned on This Page
Cobalt
Coast Federal
Edd Laat
Shinwampoa
Miles
Sariwon
Inamchoniom
SUWON
Chunchon
Seqal
Kaesong
Korangpo
Seoul
Kumchon
39Th
Drag Lake
ISD
Maid of Cotton
Ridgway
Reds
Power
Legislature
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