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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Aug 01, 1950
Page
2
A government bureau warns that higher debts and inflation from wartime borrowing push prices up and real living standards down. It notes that price controls only delay the harm while inflation erodes the dollar, taxes rise, and future generations pay for current war spending.
A North Carolina commission hearing reveals strong dissent over Tide Water Power's proposed rate increases and stock sale to fund system improvements. Commissioner James calls the $200,000 figure a guess and accuses the decision of lack of method and factual support. He notes Tide Water earned 6.89 percent return last year and argues current rates suffice while the majority cites rehabilitation needs and broader public benefit.
The United Nations Security Council voted unanimously minus Yugoslavia abstention to empower General MacArthur's relief HQ for Korea war refugees. Observers note Malik as president could declare China's seat vacant and Russia abstention affected the meeting. The U N resolution urges all governments to press North Korea to halt defiance and avoid actions spreading the conflict.
Thomasville police jailed 25 year old Wil lie D. Yates of 10 East Sunrise avenue on a charge of assaulting his wife Mona Yates. He was held in default of bond after a Sunday arrest on the same charge and release pending trial.
William C. Patterson of 1110 Forrest Avenue has been called for duty from the Greensboro naval reserve unit and will leave August 14. The 20 year old hospital aide, who served two years in the regular navy, is believed to be the first High Point man in the naval reserve to report for duty.
A burglar at Lawrence Allen s cement block factory pried doors and attempted to crack safes but failed to gain usable loot. He burned holes in a smaller safe and left with only $10 missing from a strongbox, both safes being empty. The incident details are from Van Nuys California with no injuries reported.
Lt Col Mohammad Nasser commander of the Syrian air force died from wounds after being shot last night. He was hit in the head and abdomen while driving home from the airport. A friend accompanying him was killed.
Census analysis shows July civilian employment fell 268000 from June as 439000 people left the labor force. Weather slowed farming, with farm wives counted as employed only in fields, driving down overall figures while non farm employment rose to record levels. Farm employment dropped to 844000 and total non farm gains lifted 12 month totals, suggesting mixed job market signals.
President Truman urged mobilizing the productive capacity of the free world to supply defense equipment. He said the United States must largely manufacture the major portion, while other nations share the burden as possible. He noted some arms could be produced abroad and discussed a Senate vote on a $100 million recovery loan to Spain.
A small bomb exploded at the entrance of a Rome cinema showing an anti-Communist film. Two women were badly injured in the panic as spectators rushed for the exits. This marks the second bombing interrupting such screenings within a week.
Stradivarius cello valued at 10000 pounds bequeathed by Guilhermina Suggia the famed female cellist who died yesterday in Porto to endow a scholarship at London's Royal Academy of Music.
Upland California residents flood city with complaints about square dance callers who shout too loudly. Acting City Manager Elwin Alder orders the microphones toned down to reduce noise while keeping the dances.
Seattle August 1 The Boeing Airplane Company announces plans to hire several thousand additional workers at plants in Wichita Kansas Seattle Washington to support air force production during the wartime expansion.
Public Service Company of North Carolina outlined its plan to sell natural gas to 39 cities in the Carolinas as part of a consolidated hearing with three other firms. The proposal calls for about 375 miles of pipeline at an estimated cost of 7.37 million dollars, with connections to the Transcontinental Gas Pipe Line system.
President Truman outlined four conditions for wage price rationing powers. Congress moved toward debate with the house planning a vote tomorrow and the senate likely to start Thursday or next week. The senate banking committee approved a limited economic controls bill without wage-price rationing, leaving open action today on broader measures. The house considered substituting standby authority for wage-price controls while keeping credit curbs and defense material priorities.
Boston August 1 Arch bishop Richard J Cushing told the order of Hibernians to join in supporting a peacetime economy. He warned that in this generation lasting prosperity may not come without united effort and restraint.
Early Carolinas border tobacco sales reported by the U S and N C Agriculture Departments show prices averaging from 54 to 58 per hundred pounds with most sales in 48 to 68, and a few high end sales near 70 to 75. Demand strongest for medium and low grades with quality improving from last year’s opening.
Two flag bedecked caskets were lowered from the transport Gen. E. T. Collins as America’s first war dead returned from the Korean campaign. Names were withheld pending next of kin arrangements. The arrival featured full military honors with flags at half mast and an honor guard in attendance.
US AP correspondent William R. Moore is missing in Korea after joining a unit of the 24th division at Chinju. The element split by a Red drive fled Chinju Monday morning and Moore has not been heard from since Sunday afternoon.
Labor Minister Humphrey Mitchell, MP for Welland Ontario and cabinet member since December 1941, died early today in Ottawa after more than a year of ill health. He would have turned 56 on September 9.
New Zealand offered 3,000 ground troops for Korea during talks in Washington. Air Commodore J. L. Findlay and Defense Secretary Johnson discussed the proposal and its implications for the allied war effort.
Reports say the Reds pushed 16 miles east to Hyps on, 33 miles from Taegu, with another column from Kochang to Chirye, 32 miles northwest of Tae gu, while Chirye and Yechon change hands amid heavy front-line pressure. UN naval forces patrolled coasts as ships bombed Hungnam, and MacArthur rejected Chiang Kai-shek’s offer of troops. In Belgium, King Leopold abdicates powers to Prince Baudouin while promising to step down at 21 in 1951 if peace holds.
High Point veteran Dick Culler leaves for Toronto after being signed by the Baltimore Orioles of the International league to bolster their bid for a first division berth. Culler, 34, has played for the Giants and Jersey City and plans to retire from spring training before joining the Orioles in a vital series against the Maple Leafs.
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