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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jul 18, 1955
Page
4
Secretary of the Treasury George M. Humphrey signals willingness to accept tax increases to fund highway construction, while congressional debt limits threaten any 1956 tax reductions. Lawmakers face strained revenues, rising spending, and political pressure as highway funding and bond schemes test fiscal rules.
The Air Force cut funding for its $125 million academy project, delaying construction until design is firmer. Critics compare modern proposals to the traditional, ivy-covered aesthetics of West Point and Annapolis, urging a grounded approach for lasting value.
This obituary recalls Rev H Norwood Bowne longtime rector emeritus of Saint Marys Episcopal Church praised as a friend to the friendless and a man of service. Born in Brooklyn he pursued ministry across the nation and died after generous decades of service in the city.
The Lexington Leader criticizes President Eisenhower for mismanaging the weather bureau. It compares past droughts and dust bowls under Truman to current floods and excess rainfall, arguing a shakeup is needed and joking a weather man might run for president on a Perfect Weather platform, which would likely rain on election day.
George Sokolsky argues Roosevelt misunderstood Soviet ideology and leadership, misused Hopkins, and misread Stalin at Tehran and Yalta. He credits Berlin Airlift as the turning point, notes Potsdam failures, and praises the Marshall Plan and NATO while recounting Cold War pressures leading to Khrushchev’s thaw at Geneva.
State Treasurer Edwin Gill notes New York offered 125 million in highway bonds, but only one bid at 2.7892 percent was received and rejected. Proceeds so far from 500 million authorized are partly invested with profits, while market timing and high inventories dampened interest. Retirement system votes October 26 on integration with federal program.
Governor Hodges designates Nathan Yelton to craft voting mechanics as merger plans push ahead. Local retirement and education groups mobilize while rules require a majority vote of all members for approval.
A Raleigh News and Observer piece surveys life at North Carolina beaches, praising simple coastal living and thrift, then shifts to brief notes on Hecht’s early finances, school integration rulings, a revival anecdote, liquor debates in Salisbury and High Point, a Nottingham driver’s TV stress, and a provocative film gag about censorship.
George Dixon railings against Louis E. Wolfson as the Capital Transit strike paralyzes Washington. The Senate Hearing draws mobs, police strain, and local anger toward the financier known for Montgomery Ward interests. Grass may grow in streets if it endures.
A compilation of statements from world leaders and U S officials including Premier Nikolai Iganin Gov J Bracken Lee former President Truman Labor Secretary Mitchell Marshal Ivan Koney Sen Joseph McCarthy Chou En Lai and Sen Estes Kefauver on relations with the United States coexistence and the use of armaments. The remarks span skepticism about alliances and calls for peace amid Cold War tensions.
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