Government Spending Is Scored by Business Men
Two businessmen address the 53rd annual Congress of American Industry warning that federal spending and control threaten unemployment insolvency socialism and possible insurrection. Lane D Weber of Southern California Edison and Joseph Morrell Dodge of Detroit argue increased government action curbs private enterprise and risks capital shortages.
MENTIONED IN THIS ARTICLE
New York
United States
Congress of
Ameria
National Association of Manucturers
Tainty
Sawyer
Washington
Truman
Congress
Lane D. Webber
Los Angeles
Webber
Southern California Edison Company
Joseph Morrell Dodge
Detroit
American Bankers’ Association
Telephone Patrons May Be In for Another Rate Boost
New York reports that AT and T Bell system subsidiaries seek 29 state rate increases totaling 240 million dollars annually to cover higher operating costs. If approved, post war increases could average about 22 percent including long distance, with more applications pending nationwide.
MENTIONED IN THIS ARTICLE
New York
American Telephone and Telegraph Co
Bell System
Nevada
Delaware
Pennsylvania
Illinois
California
Maryland
West Virginia
Washington State
A. T
Bell Companies
Stocks Rally Then Level Off In Early Trading
New York December stock market rose sharply at the open as investors pushed prices higher on several issues. Gains were recorded in Santa Fe, Southern Pacific, Illinois Central, North Western, U S Steel, Studebaker, Chrysler, Boeing, Douglas Aircraft, Grumman Aircraft, AT&T, Kennecott, Du Pont, J C Penney, Radio Corp, American Woolen, Standard Oil NJ, and Gulf Oil amid dividend-related activity.
MENTIONED IN THIS ARTICLE
Nw York
Santa Fe
Southern Pacific
Ilinois Central
North Western
Steel
Studebaker
Chrysler
Oosworth
Douglas Aircraft
Grumman Aircraft
American Tele
Kennecott Cooper
du Pont
J. C. Penney
Radio Corp
American Woolen
Standard Oil (Nj
Gulf Oil
Pepreseroen
U S Aid To China Limited By Political Timing
Washington reports indicate top officials hesitate to commit new aid to Chiang Kai-shek's Nationalists due to Congress delay and unstable Chinese conditions. Ambassador Koo pressed for swift action, but plans had not yet been presented to President Truman as of December.
MENTIONED IN THIS ARTICLE
John Hightower
Washington
Dec
China
Congress
Economic Cooperation Administration
State Department
Truman
Chiang Kai-shek
Wellington Koo
Mediation on Berlin deadlock under Bramuglia plan
Berlin currency talks proceed as a committee of neutral financial experts under Juan Bramuglia meets within 24 hours. The aim is a currency formula acceptable to both sides and a four power framework for Berlin's Soviet zone. A French official warns that more than a currency solution is needed to bridge the Russia Western split and blockaded sectors.
MENTIONED IN THIS ARTICLE
Paris
Berlin
Security Council
Juan Bramuglia
Bramagna
U.N. Security Council
Protestants Push Plan to Form National Council of Churches
Cincinnati report notes two small denominations the Romanian Orthodox Church and the Quaker group poised to join the Federal Council of Churches of Christ in America as the body moves toward a national council. The plan envisions an autonomous federation of major Protestant bodies with a draft constitution likely by 1950.
MENTIONED IN THIS ARTICLE
Cincinnati
Federal Council of Churches of Christ
America
National Council of the Churches of Christ
Federal Council
Luther A. Weigle
Promerger
National Council
Romanian Orthodox Church In
Religious Society of Friends of Pailadelphia
Weigle
Yale Divinity School
Seveneen
U. S
Foreign Missions Conference of North America
Home Missions Council of North America
United States and
Canada
The
United Stewardship Council
Congress Weighs Defense Funds and Consolidation Savings
Senator McKellar said the armed services must show unification savings from Army Navy and air force consolidation to justify defense spending next year. He may chair the Senate Appropriations Committee and backs a 15 billion dollar cap with hearings to root out duplications. Senator Thomas supports liberal funding, recalling WWII cuts.
MENTIONED IN THIS ARTICLE
Washington
McKellar
D-Tenn
Armed Services
Congress
Senate Appropriations Committee
Truman
Thomas
D-Okla
Appropriations Committee
China's Fate Hinge on Aid or Stand by Chiang
AP Foreign Affairs Analyst Dewitt Mackenzie outlines how Chiang Kai-Shek faces a pivotal battle as Communist forces with Moscow's aid push toward Nanking. He warns a Communist victory could end the Nationalist regime, uniting northern China under Reds and forcing a coalition government. Madame Chiang Kai-shek travels to Washington seeking help, but the window for timely aid appears closed.
MENTIONED IN THIS ARTICLE
Madame Chiang
Washington
Madame Chiang Kai-shen
China
National
George C. Marshall
Shanghai
U. S
Dewitt MacKenzie
Chiang Kai-Shek
Nanking
America
Chiang
Post Office Department Cited In Government Reorganization Efforts
Rep. Clarence J. Brown hints the Post Office Department is a primary target in a government reorganization study. The commission seeks to curb spending and duplication while consolidating services across the executive branch. Brown cites 42 000 postmasters reporting to Washington and notes overlaps in major cities and counties.
MENTIONED IN THIS ARTICLE
Post Office Department
New York
Clarence J. Brown
Rohio
Brown
Congress of American Industry
National Association of Manufacturers
NAM
Sawyer
Washington
Truman
Congress
Herbert Hoover
Government Organization Commission
United States
Cleveland
Boston
California
Corbitt May Open Plant In South America
Raleigh industrialist William W. Bowers of Corbitt Truck Co. travels to Rio de Janeiro with Mrs. Bowers to study South American factory possibilities. Invitations from President Eurico Dutra aim to expand Corbitt tractors, trucks, and steel plant ventures in Brazil.
MENTIONED IN THIS ARTICLE
Raleigh
Brazil
William W. Bowers
Henderson
Corbitt Truck Company
Rio de Janeiro
Corbitt Company
Rio
Bowers
Mauricio Nabuco
Dutra
Corbitt
Tax Evasion Rising as Crime, Caudle Warns in NC speech
In Chapel Hill, Assistant Attorney General Theron L. Caudle said criminal tax cases will surge from about 70 80 a year to 700 by year end. He noted many defendants are reputable citizens and even civic leaders and urged prosecution of tax counsellors as well as payers.
MENTIONED IN THIS ARTICLE
Chapel Hill
Justice Department
Theron L. Caudle
North Carolina Association of Certified Public Accountants
Justice Departments Tax Division
Internal Revenue Bureau
Caudle
NAM Elects 36 New Directors for 1949 Session
The National Association of Manufacturers announces the election of 36 new directors for 1949 at its 53rd Congress of American Industry. Among the state directors named for one year is J. E. Broyhill of Lenoir Furniture, Lenoir, North Carolina.
MENTIONED IN THIS ARTICLE
New York
National Association of Manufacturers
NAM
Congress of American Industry
North Carolina
J. E. Broyhill
Lenoir Furniture Corporation
Lenoir
Fort Bragg Soldier Injured In Accident
Fort Bragg soldier Pvt. William A Schuit gravely injured after a collision north of Henderson. Irvy William Hutchinson of Riverdale New York killed when their car rear-ended a tractor-trailer and crashed into another vehicle on U S Us.
State Protocol Problem In License Tags Solved
Raleigh dispatch reports the North Carolina motor vehicles department devised a mixed letter and number tag system to assign license numbers to state leaders. The council of state rearranged positions so Agriculture, Labor, and Insurance commissioners move up to Nos. 9 10 and 11, aligning with court officials. The chief justice remains J-1 with six associates J-2 through J-7.
MENTIONED IN THIS ARTICLE
Raleigh
Motor Vehicles Department
Capitol Hill
Supreme Court
Landon C. Rosser
Council of State
Agriculture
J-1
J-2
J-3
Government Troops To Aid Nanking
Chinese government reports in Nanking claim Suchow fell to Communist forces as government units of about 250 000 troops prepared to move south. Air transport pilots say Communists near Suchow as a 12th army group of over 100 000 men is squeezed into a seven mile pocket northwest of Nanking with limited supplies and a fortified 112th position.
MENTIONED IN THIS ARTICLE
Nanking
Suchow
Suhsien
Pengpu
Teng Wen-Yi
Claire Chennault
China Air Transport
San Francisco
12Th
Foreign Office
Jacques Meyrier
Reds
112Th
Rumors Hit Shanghai Markets As Gold Move Weighs Prices
Shanghai rumors that China central bank would ship gold bullion triggered a market skid. Rice fell from 450 to 340 yuan per unit while department stores cut prices 10 to 25 percent and newsprint dropped sharply. Bund blockade and heavy box movement noted as tension rises. Unofficial exchange rate cited at 40 yuan per dollar.
MENTIONED IN THIS ARTICLE
Shanghai
Central Bank of China
Two China Evacuees Arrive in Manila With Dependents
Two large transport planes delivered 39 evacuees from China to Manila, including 25 children aged from two months to teens, bringing dependents of American diplomatic officials stationed in Shanghai and Nanking.
MENTIONED IN THIS ARTICLE
Manila
China
Shanghai
Nanking
Also Mentioned on This Page
U.S
Mississippi
Mary Kuhn
Margaret Carpenter
Chicago
New Orleans
Ottawa
Ill
Nationalist
South America
Broyhill
Fort Bragg
Harold K. Miles
Chris
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