Korea War may ease blasts on big business
A July 24 report analyzes how wartime production boosts big firms while economists debate the value of large-scale industry. It cites General Electric’s stance on size, examines profit patterns by company size since 1949, and notes different views from the National City Bank and the Federal Reserve on cost cutting and the role of large corporations.
MENTIONED IN THIS ARTICLE
Sam Dawson
New York
Korea
Sawyer
America
General Electric
Charles E. Wilson
National Industrial Conference Board
National City Bank of New York
Bank
Federal Reserve Board
National Guard Units Alerted for Federal Service
Several North Carolina National Guard units have been alerted for federal service. Officers released the information saying orders have been received. Two units are in Charlotte with additional units stationed in Statesville Lincolnton and Raleigh.
MENTIONED IN THIS ARTICLE
Raleigh
North Carolina National Guard
National Guard
Army
Charlotte
Statesville
Lincolnton
Truman Discusses Emergency Tax Rise in Special Session
President Truman discussed with congressional leaders the advisability of an immediate emergency tax increase on individuals and businesses to ease government spending. Speaker Rayburn said talks were in the conversation stage and a longer term tax bill may follow later in the year or next year. He noted no figures and emphasized the need for funds to support military expansion while hearings on the home front program proceeded at the Capitol.
MENTIONED IN THIS ARTICLE
Washington
Truman
House
Rayburn
D-Tex
White House
Secretary of the Treasury
Snyder
Senate
Capitol
Congress
More Than Bush League Foe These Korean Troops
Tokyo dispatch notes experienced North Korean fighters outmaneuvering American units described as green and undersized in battle. The article hints some Koreans may have Russian World War II experience, highlighting tough tank warfare and heavy losses for American troops.
MENTIONED IN THIS ARTICLE
Bush League
Stalingrad
United States Requests Tighten FBI Espionage Enforcement
President Truman orders the FBI to tighten enforcement against espionage and subversive activities and urges federal and state law officers and patriotic organizations to report information on spying sabotage and subversion to the FBI for prompt handling.
MENTIONED IN THIS ARTICLE
Washington
Truman
Federal Bureau of Investigation
FBI
House To Vote On Postal Service Curtailment
The House will vote on August 14 a bill to reverse a post office order cutting mail deliveries to one a day. A 218 member petition by Rep. Walsh D Ind aims to force action despite the Post Office Committee’s inaction.
MENTIONED IN THIS ARTICLE
Washington
House
Post Office Department
House Post Office Committee
Walsh
D-Ind
Donaldson
Myrtle Beach Plane Crash Kills 34 Guardsmen Near Nashville
An air force transport crashed into swampland near Myrtle Beach killing 34 servicemen, including 30 Tennessee Air National Guard members en route home from war games. Four air reserve crewmen aboard. recovery and identification efforts continued amid chaotic scenes and conflicting reports on the cause.
MENTIONED IN THIS ARTICLE
Myrtle Beach
D. C
Air Force
Tennessee Air National Guard
Nashville
Air Reserve
State Capitol
Mary M. Brown
Antioch
Adjutant General's Office
General's Office
Cpl
Emmett Clifton Brown
Corporal Brown
W. P. Vandiver
Birmingham
Ala
Shaw Field
Sumter
S. C
Atlantic Pact Nations Begin Five Point Defense Talks
London reports the twelve Atlantic pact nations will convene to draft a five point plan to strengthen Western defense against communism. Key tasks include balanced European forces, mobile reserves, partial wartime industrial mobilization, a master rearmament plan, and ensuring member compliance.
MENTIONED IN THIS ARTICLE
North Atlantic
London
Europe
West
Chiefs of Staff
Spofford
Britain
France
Italy
Holland
Belgium
Luxembourg
Portugal
Norway
Denmark
Iceland
Canada
Washington
Pact
U. S
Truman
Congress
Russia Calls For Expanded Naval Forces
Moscow reports Navy Day observances with calls to strengthen the Soviet fleet against American and English imperialist war preparations. Pravda cites shipyard workers pushing faster shipbuilding and Vinogradof urges broadest fleet strengthening.
MENTIONED IN THIS ARTICLE
Russia
Moscow
Communist Party
Pravda
Ogonek
Adm
N. I. Vinogradof
Stalin
A. Golovko
Brannan Seeks Authority to Move Surplus Perishables
Secretary of Agriculture Brannan asked Congress for broader power to relocate government owned surplus perishable foods to relief efforts at home and abroad. He urged authority to pay transport costs, package items, and use Brannan plan to prevent stockpiles and support farmer payments. He noted high surplus levels and limited export markets for perishables.
MENTIONED IN THIS ARTICLE
Washington
Brannan
Congress
House Agriculture Committee
Brannan Farm Plan
Commodity Credit Corporation
Parole Denied for Parnell Thomas on Pad Payroll Conviction
The U S Parole Board refused to parole former Representative J Parnell Thomas R N J who is serving six to 18 months for padding his congressional payroll. He awaits in Danbury federal correctional institution and faces a $19000 fine with no payment plan. He sought a presidential pardon which was sent to the Justice Department.
MENTIONED IN THIS ARTICLE
Washington
U. S
Truman
Justice Department
World in mourning as former Prime Minister King dies
The world pays tribute to William Lyon Mackenzie King after his death from pneumonia. Canada will hold a state funeral Wednesday with a day of rest in Parliament before services at St Andrew’s Church and burial in Toronto’s Mt Pleasant Cemetery. King led Canada from 1921 to 1948, the Commonwealth’s longest serving chief of state. President Truman called him a champion of freedom and democracy.
MENTIONED IN THIS ARTICLE
Ottawa
William Lyon Mackenzie King
British Commonwealth
Canada
King’s Church
St. Andrew's Presbyterian
Toronto
Mt. Pleasant
King
Truman
United States
Catineau Hills
Paris
Army Opens New Training Camp in Kentucky
The army announced the reopening of Camp Breckinridge in Kentucky as a replacement training center. Recruits will begin arriving about mid September with a capacity of 22,000 men expected by October 1.
MENTIONED IN THIS ARTICLE
Washington
Army Today
Camp Breckinridge
Stocks Slip as Steel and Auto Shares Lead Downtick
New York July 24 a downward trend spread through a fast moving market with steel and automobile stocks showing weakness. Prices fell for U S Steel Bethlehem Steel Republic Steel General Motors Chrysler Goodyear Montgomery Ward Douglas Aircraft Emerson Radio Radio Corp American Telephone Kennecott Copper Dow Chemical Santa Fe Baltimore & Ohio and Standard Oil N J. Some gains appeared for Sears Roebuck United Aircraft Schenley Eastman Kodak American Woolen N Y Central Southern Railway Union Pacific and U S Gypsum.
MENTIONED IN THIS ARTICLE
New York
U.S. Steel
Bethlehem Steel
Republic Steel
General Motors
Chrysler
Goodyear
Montgomery Ward
Douglas Aircraft
Emerson Radio
Radio Corp
American Telephone
Kennecott Copper
Dow Chemical
Santa Fe
Baltimore & Ohio
Standard Oil
Sears Roebuck
United Aircraft
Schenley
Eastman Kodak
American Woolen
N.Y. Central
Southern Railway
Union Pacific
U.S. Gypsum
Oklahoma and Arkansas Democrats set key primaries tomorrow
Oklahoma votes to decide if Sen Elmer Thomas survives a tough race with Rep Mike Monroney while national issues from Korea loom. Arkansas chooses a governor between Sidney McMath and Ben Laney as J Fulbright faces no opposition. Louisiana senatorial race sees Russell Long facing Malcolm LaFargue and Newt Mills with national issues downplayed. Texas holds its Democrat primary with Gov Allan Shivers winning easily.
MENTIONED IN THIS ARTICLE
Oklahoma
Korea
Arkansas
Louisiana
Russell Long
Huey P. Long
Elmer Thomas
D-Okla
Thomas
Mike Mon
Congress
J. William Fulbright
Sidney McMath
Ben Laney
McMath
Truman
Laney
Long
Malcolm LaFargue
Shreveport
Newt V. Mills
Monroe
Texas
Allan Shivers
Jeep Driver Mocalis Reveals Philosophy On Korean Roads
Cpl. David I. Mocalis of Santa Monica calms fears with his jeep driving skills in Korea. The 22 year old driver is praised for audacity and flair on rough goat paths, recalling a fast auto past and a navy curiosity. He recalls a U S navy ship visit with curious hospitality and the crew offering plentiful ice cream and breaded veal. The piece notes his occasional errors and bold approach to bumps and river fords as he serves a second army hitch.
MENTIONED IN THIS ARTICLE
Tom Lambert
Korea
David I. Mocalis
Mocalis
U. S
Dave
Santa Monica
Calif
Army
Sec
U. S. Navy
U N Security Council to hear MacArthur Korea report
The United States requests a Security Council meeting to hear Gen Douglas MacArthur’s first Korea report. Reports from Tokyo describe North Korean forces attacking a 150 mile front from Taejon to Yongdok, with American and South Korean defenders repulsing several assaults and a Red thrust reaching near Kwangju. A mortar backed road block was cleared by tanks and artillery as momentum shifted along multiple fronts.
MENTIONED IN THIS ARTICLE
Lake Success
United States
U. N. Security Council
Douglas MacArthur
Tokyo
Taejon
Yongdok
MacArthur
Korea
Kwangju
Yongcdong
Second Infantry
Peun
Children Used By North Korea In War Effort
South Korean officer Col. Lee Sun Keun says North Korea is stripping manpower including children as young as 13 for combat. An American adviser confirms reports of forced student volunteers fighting in Seoul areas. He says North Koreans misjudge U N forces as guerrillas and few days remain. Refugee reports indicate police and political leaders are being rounded up and shot.
MENTIONED IN THIS ARTICLE
U.S
Korea
Lee Sun Keun
Seoul University Law School
Kenneth R. Cornell
Brewster
N. Y
Republic of Korea
Lee
Seoul
U. N
Over 1100 Shipyard Workers Strike at Todd Yards
In Hoboken and Brooklyn workers walk out at the Todd shipyards. About 1100 in Hoboken and 1500 in Brooklyn join a stoppage as they seek higher wages with a vote planned later. Union cites essential industry and mediation office warns of consequences.
MENTIONED IN THIS ARTICLE
Hoboken
N. J
Big Todd
Brooklyn
Todd Yards
Howard T. Colvin
Washington
Korea
Todd
John Green
Industrial Union of Marine and Shipbuilding Workers
CSO
Colvin
Cyrus
Ching
United Nations
Also Mentioned on This Page
Philip Potter
Baltimore Sunpapers
People's Democratic Republic of
Security Council
Carolina
Charles M. Spofford
Atlantic Port Council
Board
P. Thomas
World
MacKenzie King
THE
Associated Press
Roney
Monroney
Senate Appropriations
Maine
GOP
William Alexander
Oklahoma City
Ed Moore
U.N. Body To Analyze
North Korea
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