06 Aug 1949
Page 1
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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Aug 06, 1949
Page
1
The Fed ordered a reserve requirement cut to free about 1.8 billion dollars for loans and investments this month. Analysts expect borrowers to rise as inventories build for fall and holiday demand while the government runs a growing deficit of over 1.5 billion so far this year.
The hottest weather of the summer hit western states with many readings above 100 degrees. Glasgow Montana and Phoenix Arizona reported 105, Salt Lake City 102, Las Vegas 109. Cooler high 90s elsewhere and storms in parts of the South Atlantic and Great Lakes regions.
Washington August 6 Congress split over how to halt communism in Asia after the State Department White Paper blamed Chiang Kai Shek's regime for losses in China. Supporters call for action to defend Western China. critics call it a admission of failure. Senators Bridges and Magnuson proposed limited steps but no agreed program.
In New York a group of boys found 2,000,000 counterfeit three-cent stamps in a Bronx vacant lot tied to a money-ring linked to Michael Maione. Secret Service ties the stamps to the ring leader’s capture and notes the gang’s panicked state as investigations continue.
Manila reports President Elpidio Quirino travels by plane to meet President Truman in Washington. He states he goes in honor and dignity as spokesman for the Filipino people to thank the United States, with possible talks on greater military and economic aid to combat communism.
A multi billion dollar foreign aid bill moves toward swift passage after days of sharp Senate debate. The final vote is expected Monday with a Kem amendment to bar aid to nations nationalizing basic industries ruled out of order. The bill funds ECA operations and army costs in Germany Austria Japan and the Ryukyu Islands plus aid to Turkey and Greece.
Generalissimo Chiang Kai-Shek arrived at Chinhae to meet President Syngman Rhee for three days of talks on a Pacific pact against Communism. Both leaders signaled plans to discuss a Far Eastern anti Communist union and study the State Department White Paper while avoiding U.S. involvement.
Paris August 6 leading western European statesmen will gather in Strasbourg to discuss practical issues for European unity. The council will consider social security patents and public works and may propose an international European passport. Greece Turkey expected to join OEEC members include Britain France Belgium Denmark Ireland Italy Luxembourg Netherlands Norway Sweden with Austria Iceland Portugal and Switzerland later.
Adm Louis Denfield said there is great unanimity on organizing Atlantic Pact defenses after talks with Western European military leaders in Paris. He noted the discussions were informational and no decisions were made, with options like a supreme military council and a pact headquarters still open for political discussion.
New York August 6 Cardinal Spellman issued a statement clarifying his church position on federal aid to education. He said funds should aid parochial school transportation and non religious texts while not supporting construction or maintenance. Mrs Roosevelt called the statement clarifying and fair.
Alfred Cheval reports in Brussels that Robert M. Hanes, ECA Chief of Mission for Belgium and Luxembourg, leverages his banking background to address Belgium’s financial needs amid European export opportunities. Hanes, president of Wachovia Bank and Trust Co., arrived in Europe last May as ECA successor and aims to stabilize economic ties.
Rep. Hugh D. Scott Jr. urged Thomas E. Dewey to withdraw from consideration for president after resigning as GOP National Committee chair. He argued Republicans should pick a new face from leaders such as Gov. Alfred E. Driscoll, Gov. Val Peterson, Sen. Robert A. Taft, and Harold E. Stassen.
Hawaii's legislature passes a bill authorizing the territorial government to seize seven struck stevedoring firms as CIO union members refuse to work. Gov Stainback calls a special session, aiming to end a 98 day waterfront tieup with a plan to hire 2000 strikers at the pre strike rate of 1.40 per hour. House approves 24 to 6, Senate 14 to 0.
Governor Scott named his private secretary Charles J. Parker as head of the State News Bureau while John H. Marshall of Raleigh accepted the post after withdrawing earlier. Marshall will begin September 1 in the governor's office, as Parker resumes the bureau leadership for a second time. The state advertising account with Ayer and Gillett will be terminated within 60 days with a new contract to be negotiated by state agencies.
The Associated Press notes stronger demand for most graded leaf on the Carolina border belt of flue cured tobacco markets. U S and North Carolina Agriculture reports several grades at week highs with few losses of 1 to 2 dollars per hundredweight. Quality declined with more low and fair leaf grades and fewer good to choice logs. Total Thursday belt sales reached 8,266,470 pounds at 49.56 dollars per hundredweight.
RALEIGH Aug 6 The governor says the executive mansion is under review in his drive against petty graft in state government. He seeks a clear list of services provided to him and his family and notes shoes repaired at the prison shop. He confirms his son used a state car two or three times and calls for a committee to study eliminating petty graft.
Analysis compares Virginia governor race results with North Carolina's 1948 campaign. Horace Edwards finished poorly while Kerr Scott led a similar anti-machine push, yet Virginia’s cohesive political machine backed the victor. Differences in party organization and run‑off rules help explain outcomes.
Ecuador reports 500 dead in Ambato as 70 percent of homes collapse and authorities rush aid. President Galo Plaza travels to the city to oversee rescue efforts while medical supplies arrive. Additional tremors kill and injure across nearby towns as transport links fail.
President Truman urges prompt action on a federal education aid bill as House leaders indicate a cooling-off period will block progress this year. The Senate approved a $300 million plan but the House faces a religious issue over non-public schools in the Barden bill led by Rep. Barden of North Carolina.
Low bids on a second group of highway equipment contracts totaled 1,152,764.93, with 500 trucks and other gear for the 200,000,000 secondary road program. Prices ran about 200 lower than in earlier contracts, though final totals may change to meet specifications.
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