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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Aug 02, 1950
Page
2
The article notes Truman pushing for a broad tax package targeting corporations with a pay as you go financing of defense and curbing nondefense spending. An excess profits levy on 1951 corporate income is predicted though delayed until January. It cites 10,000 trotting horses in the United States.
The late Herman Schulz, a wealthy bachelor who in 1948 announced plans to give away a million dollars in property, died May 8. An inventory lists assets of 598,397 with 313,796 already donated to relatives and friends. Real estate valued at 297,500 is mainly Iowa, South Dakota and Minnesota farm land. He left the estate to two brothers a sister and seven nieces and nephews. A robbery reportedly stole 124,341 in cash and 86,000 in a safe, though the crime was never solved.
North Carolina general fund collections for July totaled $8,525,712, up 8.95 percent from July 1949 and above July 1948. Income tax fell to $724,967 from $847,932 while sales tax climbed to $3,663,032, marking the fifth straight monthly gain. Highway fund receipts reached $5,922,931, boosted by a $1,486,000 rise from the January 1 gasoline tax increase.
The army identified four national guard divisions and two regimental combat teams for active duty. The 28th from Pennsylvania and the 40th from California will train at Camp Atterbury and Camp Cook respectively, the 43rd from Connecticut Vermont and Rhode Island at Camp Pickett, and the 45th from Oklahoma at Camp Polk. The 196th from South Dakota heads to Camp Carson near Colorado Springs, and the 278th from Tennessee to Fort Devens near Ayer.
Congressman Brooks of Louisiana called for execution of convicted atomic spies. He argued murder warrants the death penalty and that stealing atom bomb information for unfriendly hands could mean death for thousands.
The Truman administration weighs reversing its no arms aid policy to Chiang Kai-shek on Formosa to bolster defenses of the anti communists stronghold. Gen Douglas MacArthur met Chiang in Taipei and recommends aid types, with plans to coordinate American and Chinese forces against a potential attack. President Truman seeks a $4 billion foreign arms aid package including $303 million for Asia.
North Korean forces threaten to outflank the first cavalry and isolate the division from its Pusan base while 25th division troops yield Hamchang Sangju Yechon Andong and withdraw to the Naktong river. On the east coast South Koreans retake Yongdok north of Pohang as air and naval bombardments pound Mokpo Yasu. American Washington policy battles over Spain loan and UN peace efforts feature Acheson defending against McCarran and urging unity with Turkey on NATO membership. The UN seeks to coordinate relief in Korea under MacArthur.
A fire at Robert Rihn’s home in Pittsburgh forced the one legged railroad worker to flee with his four-year-old son. His six-year-old daughter Dolores followed, carrying her father’s artificial leg in both arms as they escaped the burning house.
Baruch urged Congress to back wage and price controls as a cautious step. The plan could allow a skeleton agency to prepare for controls if needed, while avoiding a rushed, messy rollout. Presidents and Democrats hope voter reactions stay favorable as Baruch’s pitch travels to Capitol Hill.
Aviation circles blame limited air resources for insufficient air support in Korea. Officials note postwar drawdown cut Far East planes from 2600 in 1947 to about 600 by the 1950 order to fight, hindering timely air offensives despite heavy US air power in early battles.
Bloomfield New Jersey reports sealed beam headlights contain 121 prism lenses per unit. Each prism emits a beam that blends with others to provide optimal illumination for both city and country driving.
Marines in green fatigues crowd ship decks awaiting landfall as reporters note readiness for combat. veterans like Capt. Arnold Hostetter and Lt. John Strength reflect confidence while sailors discuss tactics and weapons including the BAR.
The house banking committee weighs granting the president financial powers including priority and allocation authority production loans and credit control while a strong push for wage price and rationing power stirs a late day vote. The final decision may be delayed to Friday. The Britannica notes the first pens were hollow tubular marsh grass stalks.
U S Army Pfc James Cannon of Medford Massachusetts, the sole survivor of an eight man squad trapped at Kochang, described how he fled across mountains after swapping uniforms with a South Korean refugee. He recounted sniper fire, a bayonet attack on his corporal, and aid from locals including eggs and a hiding place before safety. He carried only dogtags a rain packet cigars and a Virgin Mary medal.
Malik ends seven month boycott by denouncing U N Korean action and pressing to seat the Communist Chinese regime. Sir Benegal Rau calls the move a good omen as Malik schedules today’s meeting and attends amid sharp U N debates with War ren R Austin urging a U S backed Korea peace agenda.
Los Angeles reports Mickey Cohen has applied for permission to build a five and a half foot steel wire fence around his Brentwood residence. Local zoning caps fences at three and a half feet, and Cohen notes prior hazards from bomb plots and pranksters. Last year a blast destroyed his front yard.
An officer describes captured North Korean troops as poorly trained and fearful, often acting like robots under orders. He notes they quickly switch to guerrilla tactics when units are disrupted and may discard uniforms to continue fighting. American officers praise better trained Reds.
In West Virginia all six Democratic representatives sought re-nomination but only two faced opposition. Ramesay and Bailey won their races. In Virginia three of nine congressmen were opposed and renominated amid landslide wins. J Vaughan Gary, Howard W. Smith, and E. J. Robeson are named as incumbents. Tyrrell Krum won the Republican nomination in Virginia's eighth district defeating Flood Hughes with most precincts reported.
The city streets feature extensive use of black and white mosaic tiles across many sidewalks. Local pedestrians note the distinctive contrast and artistic patterns that define widely traveled walkways.
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