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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Apr 30, 1958
Page
4
GM ends its union contract in a bold shift for the auto industry signaling a new climate. The move reverses the usual pattern of unions issuing notices while management conceded price increases, leaving buyers facing higher costs and a buyer’s market.
Reports and editorials in Washington rehash talk that President Eisenhower may retire before Jan. 20, 1961. Observers note his anger at press questions, but his recent Pentagon clash and speech strength argue against a quick resignation.
The U S Treasury begins a month long campaign to boost savings bond sales. Target is 4.7 billion this year, up from 4.057 billion in 1957, with a goal to add one million buyers to payroll deduction plans. Early 1958 sales show a rebound after 1957 slowdowns, with March sales at 418 million and redemptions easing. Treasury Secretary Robert B. Anderson announced the plan on April 7.
The Treasury argues that redemptions spread happiness while noting $14.7 billion of $25.1 billion matured bonds remain outstanding. Americans hold about $42 billion in Series E and H bonds, with new issues lasting roughly eight years, 11 months. Banks and thrifts vary rates as investors seek stability over speculation.
The column mocks the Ivy League rhetoric of Meade Alcorn and Bertha Adkins as GOP optimism clashes with defeatist talk. It cites Eisenhower’s boxing manager analogy and a Merrill Lynch survey predicting a Democrat win in 1960, noting stubborn fighting spirit over capitulation.
The University of North Carolina at Chapel Hill School of Journalism advances toward full accreditation by the American Council for Journalism Education as Howell Hall is repurposed. The effort is aided by state funds and the Journalism Foundation, improving classrooms laboratories and library facilities under Dean Neil Luxon.
The Democratic party faces leadership struggles after Blythe’s death as factions seek an interim pivot. Governor Scott replaces Broughton with Frank Graham, a university president, amid a spring 1949 political tempo. Timing mirrors 1954 when Sam Ervin moved to nominate after a mid year vacancy.
Publication information notes the High Point Enterprise is distributed as an independent carrier network with AP news rights. It states all local news and AP dispatches are used, carriers are independent contractors, and the paper is not responsible for advance subscriptions.
A Washington breakfast of the Washington Professional chapter of the American Society of Newspaper Editors yields firm votes on conference questions and anti recession taxes. Dr Earl English warns of waning glamor for journalism and urges brighter recruitment while UNC and Missouri schools gain prominence. Budget deficits loom as Treasury reports red ink, Byrd cites eight billion projection, tax cuts debated amid inflation fears.
George Sokolsky argues Israel’s tenth year as a Western culture in the Arab east triggers Arab and Soviet hostility. He notes Nasser’s Arab empire aims, Khrushchev’s anti Jewish policy, and the monolithic state ideal. He cites Ben Zvi on Jewish intermingling and cautions against genocide rhetoric.
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