Bankers See Defense Needs Of 25 Billion
Hollywood Fla Dec 10 AP The nations chief capital raisers the investment bankers were told the net defense fund demands would top 25 billion dollars for the two years to June 30 1942. The U S treasury would offer 500 million in taxable notes signaling a shift to tapping investment savings rather than bank credit. Dr Virgil Jordan warned real country savings may fall short by about 10 billion needing credit expansion by banks described as a speculative venture but not initially dangerous. Bankers noted Washington plans to brake inflationary credit growth and discussed using idle reserves near 7 billion with nonnegotiable treasury bonds in exchange for reserves a move some bankers opposed fearing tighter control from Washington.
MENTIONED IN THIS ARTICLE
Hollywood
Fla
Investment Bankers
Investment Bankers Association of America
U. S. Treasury
Morgenthau
Virgil Jordan
National Industrial Conference Board
Flan
Washington
Treasury
Federal Reserve Banks
Eight More Needed To Complete Murder Trial Jury Panel
Shelbyville Missouri December 10 AP after two days of questioning veniremen eight persons still needed to complete a 30 member panel for the trial of Eaton charged with murder in the slaying of Mrs Ethel Dingle a Shelbyville school teacher Only 22 of 130 examined qualified when court adjourned at 4 pm Judge Harry J Libby expected panel completion by noon Wednesday but first evidence unlikely before Thursday Eaton 32 year old farmhand and trucker was arrested March 9 the day after Mrs Dingle a 29 year old divorcee was shot as she left the grade school Sheriff Elmer Threlkeld said a note in Eatons pocket described Dingle spurning his affections The first 22 jurors included 18 farmers one street cleaner one mail carrier one carpenter and one clerk Most excused due to preformed opinions or opposition to capital punishment Judge Libby sustained a defense objection when asked if veniremen believed a man must be insane to commit murder or death by own act The defense had stated insanity would be the defense plea Sheriff Threlkeld noted Eaton twice attempted death by own action
MENTIONED IN THIS ARTICLE
Shelbyville
Veniremen
Hadley
Ethel Dingle
Harry J. Libby
Eaton
Threlkeld
Divorce Granted to Leta Gosden Wife of Amos of Amos n Andy
Leta Gosden won a divorce from Freeman S. Gosden known as the Amos part of Amos n Andy. She testified he was sullen and morose and the suit was not contested. They married in Chicago in 1927 and a settlement provides support for her and their two children, ages 12 and 10.
MENTIONED IN THIS ARTICLE
Los Angeles
Leta
Gosden
Freeman S. Gosden
Amos ’N Andy
Chicago
Fascist Invasion Believed Plan To Forestall Egyptian Offensive
Churchill revealed that Italian actions in the east delayed British plans in Egypt as Greece hostilities began. British air and sea support shifted operations, with early Egyptian counterstrikes paused. Reports describe Italian morale strain and possible large Italian surrenders near Sidi Barrani, underscoring Graziani’s faltering forces.
MENTIONED IN THIS ARTICLE
Kirke L. Simpson
Britain
the Nile
Egypt
Mussolini
Greece
Churchill
Pariament
Mediterranean
Ialy
Africa
Il Duce
Hitler
England
Sidi Barrani
Graziani
Albania
British Thrust Isolates Italian Force in Egypt
Describes Allied advance in North Africa with Sidi Barrani clashes, 800 Italian prisoners, and coastal positions seized. Churchill notes long desert march by Nile troops aided by imperial forces and Free French. Greece front actions and Greek defeats referenced. Italian air losses and November casualties total 4,411 across Greece and England per official report.
MENTIONED IN THIS ARTICLE
Churchill
Sidi Barrani
Middle East
Greece
Albania
Africa
High Command
Usum
Premet
England
Italians Acknowledge Small Scale Action in Desert
Italian reports from the Egyptian desert acknowledged only small scale action today. The high command said punishment of a British armored column by Italian fliers was the main activity noted, with no larger operations disclosed.
MENTIONED IN THIS ARTICLE
Associated Press
Rome
Actress Andrea Leeds Retires After Newborn Birth
Hollywood reports actress Andrea Leeds will retire from films after the birth of her eighth pound son. She declared motherhood is wonderful, sharing the news from a hospital where she and husband Robert S. Howard arrived on a flat tire. Howard is son of Charles S. Howard, noted auto man and racing stable owner.
MENTIONED IN THIS ARTICLE
Hollywood
Andrea Leeds
Robert S. Howard
Howard
Charles S. Howard
Quezon Foes Capture Manila Council Control
In Manila unofficial returns show Nacionalista candidates gaining control of the city council. Democrata opponents to Quezon's party won six of ten seats, signaling a strong showing for the opposition in local government.
MENTIONED IN THIS ARTICLE
Quezon
Manila Council
Manila
Commonwealth
Manuel Quezon
Nacionalista Party
Democrata Party
Nacionalistas
Maritime Head Predicts More Aid for Britain
New Orleans dispatch reports Rear Admiral Emory Land, retired U S N, chair of the United States maritime commission, urging continued American help for Britain to replace shipping losses. He noted Britain’s rising ship gains since war began and emphasized the commission’s power to requisition or purchase private vessels if needed, prioritizing national interests over individual property.
MENTIONED IN THIS ARTICLE
New Orleans
Emory
Land
United States Maritime Commission
National Defense Program
American Merchant Marine Conference
Britain Blocks Food Shipments Denial Cited
The article reports Britain denying passage for a food shipment amid Allied and neutral debates on food relief for occupied countries. It notes the Nazi record and claims Germany bears responsibility for shortages as it controls conquered lands, while Hoover warns of widespread famine this winter unless aid is given. The plan envisions exiled governments purchasing relief food with German cooperation on imports, ship passage, and distribution oversight.
MENTIONED IN THIS ARTICLE
Germany
Hoover
National Committee On Food
Europe
Russia
Balkan States
Hoover Interested in Action No Comment On Plans
Former president Herbert Hoover, honorary chairman of the National Committee on Food for the Five Small Democracies, said he was interested in Britain's rejection of American plans to feed German-occupied areas but offered no comment. The new committee, announced to avert famine and pestilence, includes General John J. Pershing, former VP Charles G. Dawes, and Col. Theodore Roosevelt, while opposition to the plan was voiced by prominent women.
MENTIONED IN THIS ARTICLE
New York
Herbert Hoover
National Committee On Food
Tonight News
Britain
Food Committee
John J. Pershing
Charles G. Dawes
Theodore Roosevelt
Army Units Shifted War Office Plans to Call 20,000 Reserves
Washington December 10 AP report says the War Department will move 30 regular army units to new stations and call about 20,000 reserve officers to active duty by next June. It notes thousands more will be needed to train recruits as the draft expands, with limited inductions to date. Fort Devens will host over half the shifts, with other posts in six locations, and a new proving ground north of Madison Indiana costing 6 to 8 million dollars is planned to supplement Aberdeen Maryland.
MENTIONED IN THIS ARTICLE
Washington
War Department
Army
Fort Devens
Mass
Madison
Ind
Aberdeen
Hoover plan linked food aid to Nazi expansion risks
The argument asserts that supplying American food to occupied populations would threaten U S national security by easing Hitler's control over conquered areas. The Hoover proposal targets five nations Finland Norway Holland Belgium and central Poland as beneficiaries.
MENTIONED IN THIS ARTICLE
America
Hitler
Finland
Norway
Holland
Belgium
Poland
Social Aims Are Essential in Roosevelt Defense Plan
President Roosevelt told 4000 farmer delegates at the 22nd annual Farm Bureau convention that equitable wealth distribution is essential to national defense and democracy. He said preparedness requires help for the underprivileged, security for workers and farmers, plus use of America’s vast resources. Secretary Wickard pledged efforts to help farmers gain parity prices and income, while the convention pressed for price parity through possible government commodity loans to peg farm prices.
MENTIONED IN THIS ARTICLE
Baltimore
Roosevelt
Farm Bureau
Farm Bureau Federation
Wickard
Agriculture
Edward A. O’neal
Federation
Roosevelt Says National Unity for Defense Tops Topic
President Roosevelt mails a message to David Sarnoff praising the Economic Club of New York for focusing on national unity for defense. He contrasts democratic and totalitarian systems, urges freedoms from want fear and insecurity, and calls for government and private enterprise collaboration with incentives and fair returns. Speakers included Charles F. Adams Eddie Rickenbacker Philip D. Reed.
MENTIONED IN THIS ARTICLE
New York
Roosevelt
David Sar~noff
Economic Club
Club
Open Forum
United States
National Unity Forfense
Charles FE. Adams
Air Reduction Co
Capt
Eddie Rickenbacker
Eastern Airlines
Philip D. Reed
General Electric Co
Opposition to processing tax plan heard at convention
Chester A. Davis, agriculture’s representative on the National Defense Advisory Commission, spoke against a counter processing tax proposal. He argued funds would fund farm subsidies and that additional consumer and sales taxes do not fit national needs amid unemployment and efforts to speed up production.
MENTIONED IN THIS ARTICLE
Chester A. Davis
Agriculture
National Defense Advisory Commission
Also Mentioned on This Page
Amos
Clint Freeman
Eureka
Jefferson City
Fulton
Freeman
H. B. Mackey
Italy
Nile
Maritime Head
U.S
Canada
France
Congress
Noli
Boston
St. George
War Office
Census Bureau
Santa
Beauty Shop
Hazel owners&Myrtle Schwailer
Warburton
East High
Goldman & Kaiser's
Central Missouri Trust Company
Fdr
National Unity
New York Club
Elgins
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