Galbraith warns of 1929 style crash risk amid boom
Harvard economist John K. Galbraith told the Senate Banking Committee the United States may be in an early boom and bust cycle with a potential 1929 like crash. He cited safeguards but warned the fundamental problem of containing a speculative orgy remains unsolved.
MENTIONED IN THIS ARTICLE
Washington
John K. Galbraith
Harvard
United
Galbraith
Senate Banking Committee
Anu
Harold E. Wood
St. Paul
Delinquency Study Report Due From 5-Member Commission
Gov Hodges and the General Assembly will receive today a report from a five member commission created by the 1953 legislature to study juvenile delinquency in North Carolina. The study outlines 10 recommendations and notes courts welfare workers and training schools are fighting obstacles.
MENTIONED IN THIS ARTICLE
Raleigh
Hodges
General Assembly
Carolina
Umstead
Terry Sanford
Fayetteville
North Carolina
Anford
Commission
Sanford
Knowland predicts tax cut rejection by Senate
Senator Knowland says the Senate will reject any $20 per person income tax cut by a large margin after meetings with Eisenhower aides. He warns no compromise along those lines and notes House passage of a $20 tax cut was attached to corporate tax legislation.
MENTIONED IN THIS ARTICLE
Washington
Sen
Knowland
Calif
White House
Senate
Eisenhower
Congress
House
Ho H
Lyndon Johnson
Dtex
Hawaiians Seek Return To Homes In Puna
Refugees in Pahoa Hawaii press officials for permission to return to homes as week long eruptions ease to mild bubbling. Lava fountains retreat to small spouts while volcanologist Gordon Mac Donald warns that new eruptions remain possible. Some Kala pana and Opihikao families may return under radio truck standby. Hawaii County Supervisor Richard Lymann pegs total damage at 3.2 million dollars.
MENTIONED IN THIS ARTICLE
Pahoa
Hawaii
Puna Peninsula
Gordon MacDonald
Kalapana
Opihikao
Civil Defense
Red Cross
Kapoho
Richard Lymann
Puna
Assembly To Visit East Carolina College Dedication
North Carolina's General Assembly planned an out of town trip to Greenville for dedication ceremonies at East Carolina College. The event marks ECC’s 47th anniversary with openings of James Yadkin Joyner Library and Clyde Atkinson Erwin Hall, both named after former state education leaders.
MENTIONED IN THIS ARTICLE
GHW
North Carolina
General Assembly
Greenville
East Carolina College
James Yadkin Joyner
Clyde Atkinson Erwin
Joyner
Erwin
ECC Board of Trustees
Lawrence Quincy Munford
Congress
Iican Library Assn
Far East Leader Taylor Named U S Far East Commander
Gen Maxwell D Taylor named U S Far East commander and head of the United Nations Command effective April 1 succeeding Gen John Hull who retires after 37 years in the Army. Taylor will command eight languages and has led ground forces in Korea and Japan with prior World War II awards.
MENTIONED IN THIS ARTICLE
Tokyo
Maxwell D. Taylor
U. S. Far East
United Nations Command
John E. Hull
Taylor
Ahe
South Korea
Hall
Army Chief of Staff
Washington
Far East
8Th
Korea
Japan
Okinawa
Lyman L. Lemnitzer
Lemnitzer
James M. Gavin
Thailand
Bastogne Forest
Courage Is Shown By Taylor
Tokyo reports Gen Maxwell D Taylor tops 8th Army and will lead US forces in the Far East. The longtime paratrooper and scholar earned praise for daring actions from Bastogne to Italy. His rise underscores a reputation for courage, language skill and strategic nerve. Page nine-A.
MENTIONED IN THIS ARTICLE
Tokyo
Maxwell D. Taylor
Korea
U. S
Far East
Taylor
Italy
Marshal Badoglio
101St Airborne
Bastogne
Washington
Europe
Eisenhower
Nationalists Confident U S Support for Matsus Defense
In Taipei Chiang Kai-shek’s Nationalists, anger at evacuation rumors for the Matsus grows as reports surface about possible pulls from Tachens and Nanchishan. Officials say Quemoy and the Matsus will be defended with or without American aid and note the Matsu garrison is being tripled from about 5,000 men.
MENTIONED IN THIS ARTICLE
Matsus
Formosa Strait
Tachens
Nanchishan
Quemoy
Matsu
Church Dispute Renewed In Rome Over Church Sign
Brownfield Texas preacher Cline R. Paden says Italian official threats to expel him over a makeshift sign reading Chiese di Cristo at a Rome church. Prosecutor Giuseppe Vellotti warned of grave consequences if the sign is not removed amid a long-running clash with Rome authorities. Paden notes his visa expires and extension denied, drawing on parallels with a prior Moscow expulsion.
MENTIONED IN THIS ARTICLE
Rome
Cline R. Paden
Brownfield Tex
Church of Christ
Paden
Justice
Guseppe Vellotti
Chiese di Cristo
Tribunal
Vellotti
United States
Mbtgeem
Italy
Georges Bissonnette
Moscow
Father Bissonnette
Remy
Yesteray
Gore seeks governors views on highway funding boost plan
Senator Gore asks 48 state governors for their ability and willingness to raise additional funds to match and implement a proposed 10 year federal state highway modernization program. He argues for near doubling the current 875 million dollar annual federal highway allocation with 50 50 state matching and notes increased federal outlays for non interstate roads.
MENTIONED IN THIS ARTICLE
Washington
Sen
Gore
D-Tenn
Senate Public Works
Eisenhower
Ocal
Eisenhower unavailable due to cold meets GOP leaders later
President Eisenhower canceled his morning engagements due to cold symptoms and his wife Mrs Eisenhower kept in bed with flu. He resumed most duties after checks showed no fever. Vice President Nixon and Wilton Persons led the GOP leaders meeting at the White House. The President had an unannounced visit to Walter Reed Army Hospital for bursitis treatment.
MENTIONED IN THIS ARTICLE
Washington
Eisenhower
White House
James C. Hagerty
Howard M. Snyder
Snyder
Mary Jane McCaffree
Coast Guard Wives Club
Billy Jennings
Trumbull
Conn
McCaffree
Scales Defense Outlined in Bertha Cook Case
In Guilford Superior Court Richard Scales testified through counsel that he was drunk when entering Mrs. Bertha Cook’s home where she and her 7 year old daughter Betty Marie were slain on January 19. The state alleges Scales attempted rape and killed Mrs. Cook with a butcher knife during an assault.
MENTIONED IN THIS ARTICLE
Greensboro
N.C
Richard Scales
Bertha Cook
Cook
Guilford Superior Court
New Garden Road
Horace Kornegay
Scales
Measure Tossed Into Senate Hopper in Tax Debate
Senator Reynolds introduces a bill to let individuals deduct up to 500 dollars of federal income tax payments on North Carolina state income tax for 1957 and later years. The measure, not affecting corporate taxes, awaits House action after Senate consideration. Reynolds argues the state’s revenue limits and high tax burden justify the cap.
MENTIONED IN THIS ARTICLE
Raleigh
Tar Heels
Senate
House
House Agriculture
Charles H. Reynolds
Rutherford
Reynolds
North Carolina
Union
Dulles Foresaw Red Moves Against Formosa Islands
Secretary of State Dulles indicated a belief that Chinese Communists would act against the Nationalist-held islands near Formosa. He outlined the issue in briefings and a national radio address, noting potential military action against Quemoy and Matsu could accompany subversion aimed at Chiang Kai-shek’s Formosa area.
MENTIONED IN THIS ARTICLE
Washington
Dulles
Formosa
Farst
Congressional
Senate Foreign Relations Committee
House Foreign Affairs Committee
CBS
ABC
MBS
Columbia
Chiang Kaik
Quemoy
Matsu
Red
Eisenhower
Princess Margaret Declares Happiness Upon Return Home
Princess Margaret says she is happy to be home from a Caribbean calypso tour. She attends a Mansion House luncheon and avoids discussion of marriage rumors to RAF Group Captain Peter Townsend.
MENTIONED IN THIS ARTICLE
London
Princess Margaret
Caribbean
Mansion House
RAF
Peter Townsend
Buckinham Palace
British West Indian Islands
Margaret
Clarence House
Seymour Howard
Townsend
Brussels
Townsend Been
Thas
Britain
Bueam Palace
Belgium
Sketch Today
Opposed Juvenile Court Bill in North Carolina
Raleigh—Sam Leonard, state superintendent of corrections and training, urged House Judiciary Committee to oppose extending juvenile court jurisdiction to 16 year olds for first offenses unless no motor vehicle violation. He warned that older youths require a reformatory with guards and bars, not training schools. The committee deferred action, awaiting a study commission’s recommendation for a reformatory, which Leonard said could push jurisdiction higher.
MENTIONED IN THIS ARTICLE
Raleigh
Sam Leonard
Corrections and Training
House Judiciary Committee
Leonard
Soane
Ann
Also Mentioned on This Page
Ernest Roy
New Orleans
Munich
Germany
Elaine Parsegan
Hasbrouck Heights
N. J
Grand Isle
Lena
Cynthia
Henry
David
Nellie
Linda
Phala
Ernest Jr
Roy
Economist
Assembly
Taylor Far East
Courage
U.S
Taipei
Chiang Kai-shek
Matsu Islands
Foochow
Ike
Princess
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!