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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Jul 26, 1950
Page
2
The proposal seeks a $5 billion tax increase funded by higher corporate rates, new first $25 000 profit tax, and 60 percent rate on excess profits. It would raise individual taxes to 1945 levels with unchanged exemptions while targeting about $3 billion from individuals and $1.5 billion from loophole closures and life insurance taxes.
Morehead City reports the state board of conservation and development hearing proposals to improve its commercial fisheries division. Dr. Harden F. Taylor, associate director of the fisheries institute, spoke on opportunities for the seafood industry and suggested changes. Director George Ross urged passage of a 1951 stream pollution control law.
Georgia leaf prices at Valdosta auctions rose as third day sales progressed. Prices for low to fair cutters and logs gained $1 to $5 with top prices around $65 per hundredweight. U S Department figures showed an average $51.37 on 9,514,786 pounds sold, down from 1949 opening day but up $4.74 in value.
Reds Advance Behind Women describes American forces under Brig. Gen. Charles D. Palmer and Maj. Gen. Hobart R. Gay holding off enemy fire. The retreat protected artillery amid a night attack with Americans reporting no Red fire reaching their positions that day.
The American Red Cross announced that at Defense Secretary Johnsons request it will become the official agency for obtaining blood for the armed forces.
President Truman warns against scare buying and hoarding. He says production cannot be under strain if purchases remain normal and shortages will not develop unless caused by speculative or panicky acquisitions beyond actual need. He urges restraint in business and personal buying to support those in service.
Johnson criticizes opponents and cites March 1948 and June 1950 events to argue Navy, Air Force, and Army readiness. He notes active fleet mobilization figures, air force group realignment, and increased combat potential while describing shifts in personnel and budgets.
Unions announce a plan to cooperate between the Political Action Committee and the AFL Labor League for Political Education with a view toward influencing the November congressional elections. They say not merging immediately but working together as unity talks resume after past failures. International crisis and waning union political activity push toward closer ties.
Three people died in separate accidents in North Carolina, including two children, Eddie Askew seven and Ida Mae Askew five, struck by a car on NC 127 near Moyock in Currituck County. A third fatality was Harold Watson twenty three of Burlington after his car hit a bridge on Kimsville road south of Burlington in Alamance County.
Baruch warns of new aggressions and home disruption and calls for a nationwide price and wage ceiling with high taxes to fund defense. He criticizes the current bill as inadequate and urges a mobilization agency, anti profiteering taxes, rent controls, and UN strengthening. Senator Maybank supports decisive controls and potential White House bill changes. The piece also notes Vermont maple syrup tapping as a separate fact.
A Newark chain increases hot dogs from ten to twelve cents and hamburgers from fifteen to seventeen cents. Some restaurants also raise coffee with meals from five to ten cents.
It is estimated that over a million dollars a year is spent on remedies to relieve piles. Peterson's Ointment soothes pile torture in minutes with a 40¢ box or 70¢ tube applicator. It provides fast relief from itching with a money back offer.
Conference committee approves higher social security and public aid payments with Oct 1 start for existing beneficiaries. Retired couples 65 plus spouses receive 50 percent extra, dependents up to 150 dollars monthly. New scales raise monthly figures from 26 to 80 dollars for varying earnings levels.
Quanah Texas July 26 P Harry H Duckworth 61 suffocated last night when eight feet of cottonseed hulls buried him at the mill seed house where he worked Rescue workers dug for 25 minutes before reaching him as the hulls flowed into the mill seed house.
The Asheville Civitan club adopted a resolution calling hoarding selfish and unpatriotic and pledging to abstain from all forms of hoarding or abnormal purchases. A parallel resolution was also adopted by the women of the First Presbyterian church on Sunday.
Asheville schedules its 23rd Mountain Dance and Folk Festival for August 35 in the city auditorium. About 700 participants from the southern Appalachian region will take part. The Simono tribe of Bolivian Indians will perform bird and animal imitations.
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