White House asks for 4 billion profits tax to back defense
President Truman seeks a retroactive 4 billion dollar annual levy on corporate profits as part of defense funding. Snyder told the ways and means committee that a base period earnings credit or invested capital credit could tax excess profits at 75 percent next year. He argued a properly designed profits tax is essential to balance inflation controls and ensure corporate profits bear a fair share of the tax load.
MENTIONED IN THIS ARTICLE
Treasury
House
Ways and Means Committee
Truman
Snyder
Congress
Doughton
D-N. C
House Tax Writing Committee
Confession Repudiated in Slay Case Probe
Lewisburg Pa Nov 15 1947 officials said they will press on with inquiry into a former soldier who first confessed and then denied killing Mrs Miriam Green. Clarence Woodley now in federal prison near Lewisburg had told military authorities he strangled Green. Gerald Wentzel Potts Town civic leader was convicted of murder in Green's death and sentenced to 10 to 20 years. Wentzel admitted intimacy with Green but denied any role in Woodley's claimed confession. Woodley was sent back to serve his sentence and Weber Montgomery County DA questioned him finding him evasive with no reason for his earlier claim.
MENTIONED IN THIS ARTICLE
Lewisburg
Clarence A. Woodley
Federal Penitentiary
Germany
Woodley
Miriam Green
Pottstown
Gerald C. Wentzel
Green
Wentzel
J. Stroud Weber
Montgomery County
Weber
Struggle Over Acheson Tenure Within Democratic Party
Washington, Nov. 15 A struggle over Dean Achesons tenure as secretary of state grows within the Democratic ranks. Some advisers urge his removal as a political liability while others argue he should stay to protect Truman foreign policy. Truman supports Acheson and aides say their close friendship remains strong. Critics say elections show the secretary harms public confidence and that his stance on Alger Hiss and McCarthy era charges weakens him.
MENTIONED IN THIS ARTICLE
John M. Hightower
Washington
Dean Acheson
Truman
Acheson
Democratic Party
Democratic National Committee
Alger Hiss
Hiss
McCarthy
R.-Wis
State Department
Department
Pickets Clash With Police as Bell Phone Walkout Persists
Massed pickets and Philadelphia police clash over non-striking operators entering a Bell Telephone exchange. After brief pushes, workers slipped inside while reinforcements arrived as the strike nears a week. Long distance service was normal in 14 cities. local service lagged in 40 to 45 communities.
MENTIONED IN THIS ARTICLE
New York
Philadelphia
Bell Telephone Company
Bell System
CIO Communications Workers of America
CWA
Long Lines
New York City
Mild Weather Spreads To Eastern Areas
Southern winds brought mild weather to the central and eastern United States while cooler air moved into the plateau region. Wet spots appeared in rain across the Great Lakes and lower Mississippi valleys with light snow in the Rockies. Temperatures near 60s were forecast for several central states and Omaha set a record 68 yesterday.
MENTIONED IN THIS ARTICLE
Chicago
Great Lakes
Mississippi Valley
Ohio Valley
Texas
Arkansas
Rockies
Pacific Northwest
Omaha
Neb
Six Killed In Plane Crash On Rich Mountain
Six men died when a navy plane crashed on Rich Mountain near Pace Oklahoma. The wreckage was found by forest rangers early today. five bodies remained in the plane and one nearby. The aircraft was en route from Lincoln Nebraska to New Orleans and was reported overdue. Forest crews began a slow ascent to retrieve the bodies amid intermittent rain and darkness.
MENTIONED IN THIS ARTICLE
Pace
Okla
Rich Mountain
Oklahoma
Forest Rangers
Lincoln Nebr
New Orleans
D. D. Dever
Heavener
North Carolina Sells 32.5 Million General Fund Bonds
North Carolina sold 32.5 million dollars in general fund bonds. The lowest bid was 1.412711 percent from a syndicate led by First National Bank of New York City. Four bids were received, marking the state’s biggest general fund bond sale. Other bids included 1.44603 percent by a New York led group, 1.4285 percent by a Boston group, and 1.43118 percent by Chase National Bank and associates.
MENTIONED IN THIS ARTICLE
Raleigh
North Carolina
First National Bank of
New York City
Guaranty Trust Company of
New York
First National Bank of Chicago
First Boston Corporation
Lehman Brothers of New York and Associates
Chase National Nk of
New York and Associates
Winter Clothing Distribution Shortfall On Korea Front
In Tokyo reports from Marines and AP correspondents say American troops in North Korea lack adequate winter gear. Brig. Gen. Hastings notes stockpiles existed but front lines outrun supply. Officers describe limited parkas mittens underwear and boots with many soldiers in thin clothing as cold battles continue across the Eighth Army fronts.
MENTIONED IN THIS ARTICLE
Tokyo
North Korea
Marine Corps
K. L. Hastings
U. S
Hastings
Korea
U. N
Eighth Army
10Th Corps
Don Whitehead
Tom Lambert
Lambert
Oklahoma Educator Succeeds Waynick as Point Four Director
Dr. Henry Garland Bennett of Oklahoma A and M University will head the Point Four program in the State Department on December 1. President Truman announced the appointment as the program seeks a second year with a proposed larger global operation and possible over one billion dollars annually in U S grants and loans. Bennett takes over amid slow progress and questions about using the initial appropriation.
MENTIONED IN THIS ARTICLE
Washington
Henry Garland Bennett
Oklahoma
Truman
Oklahoma A. and
M. University
Technical Cooperation Administration
State Department
Bennett
Congress
Gordon Gray
Army
U. S
World Bank
President Truman to Decide Tomorrow on Call to Congress
President Truman will announce at a 4 p.m. news conference tomorrow whether he will recall Congress before the November 27 date. Presidential Secretary Charles Ross quoted the president saying he would speak for himself on the subject. The decision follows remarks that he was considering an early session after consulting Democratic leaders.
MENTIONED IN THIS ARTICLE
Washington
Truman
Congress
Charles Ross
White House
Ten Thousand Canadian Recruits to Train in U S
A Canadian force of about 10 000 volunteers will train at Fort Lewis Washington for roughly four months, due to Canada winter weather. The brigade may serve in Korea if needed, depending on General MacArthur’s decision. An advance party of 350 Canadians is already in Korea.
MENTIONED IN THIS ARTICLE
Washington
Korea
Fort Lewis
Wash
U. S. Army
Canada
U. S
Douglas MacArthur
United Nations
United Europe urged as Britain absent in postwar plan
Paris reports ex premier Paul Reynaud demanded a united Europe even without England. He clashed with Guy Mollet over a socialist first approach, arguing a supra national Europe is essential to rearm Germany safely. Defense Minister Jules Moch cited half of a proposed west European army to come from France and rapid American armaments boosting nine divisions.
MENTIONED IN THIS ARTICLE
Paris
Paul Reynaud
Europe
England
National Assembly
Guy Mollet
Mollet
Reynaud
Germany
Paul Ramadier
Anst
Aape
Ramadier
Vatican Europe
Jules Moch
France
Moch
Council of the Republic
Stock Traders Cautious Today Amid Tax Proposals
New York traders operated cautiously as they absorbed new administration tax proposals. Price moves stayed within about 25 cents a share, with gains and losses spread across major names such as U S Steel Woolworth J I Case Philco Douglas Aircraft Phelps Dodge Eastman Kodak Westinghouse Santa Fe Johns Manville. Some stocks showed firm or sticky action including Bethlehem Steel General Motors Chrysler Caterpillar Radio American Tele Don Chemical American Southern Railway and Texas Company.
MENTIONED IN THIS ARTICLE
New York
S. Steel
Woolworth
J. I. Case
Philce Douglas Aircraft
Phelps Dodge
Eastman Kodak
Westinghouse Electric
Santa Fe
Johns
Don Chemical
American , Southern Railway
And
Texas Co
Ferguson Sees Clash on Foreign Policy Narrowing
Senator Ferguson predicts closer bipartisan foreign policy cooperation after GOP gains. He cites anticipated admin consultations with Republicans and a proposed multibillion dollar post Marshal Plan program, while criticizing current Far East policy and urging UN defined war aims and stricter action against North Korea.
MENTIONED IN THIS ARTICLE
Ferguson
North Korean Forces Fall Back Amid Frontline Clashes
On the western front Republic of Korea troops retreated four miles after fierce Communist onslaughts. U S forces held ground near Taedong river while British Commonwealth units advanced to Pakchon and Yongbyon patrols probed front lines. Chinese troops reorganize units as defenses tighten around Changjin and Puqan reservoirs.
MENTIONED IN THIS ARTICLE
Seoul
United Nations
Republic of Korea
ROK
Chow
Taedong River
Tokchon
U. N
U. S. 10Th Corps
North Korea
Manchuria
Yongbyon
British Commonwealth 27Th
Pakchon
MacArthur
Arsene
Cve
U. S. First Corps
Seid de Cae Nese
U.N
Changcjin
Pujan
Korea
U. S
Hagru
Changjin
U. S. Sew
Missing six year old Eddie Collins sought by police
Police in Williams Grove Pennsylvania search for Eddie Collins a six year old missing since teachers saw two men drive off with him in a maroon car The boy's mother Mrs Mary Collins has filed kidnapping warrants naming the men The case involves adoption plans by Mrs Richwine and the boy’s grandparents The search has extended to California and Florida with authorities questioning the father and uncles based on sightings from Eddie’s schoolmates
MENTIONED IN THIS ARTICLE
Williams Grove
Eddie Collins
Mary Collins
Harrisburg
Justice of the Peace
H. M. Thompson
Mechanicsburg
Collins
Roy E. Richwine, Jr
Richard
Richwine
California
Florida
Charles Collins
Torrance
Cal
Reno
Nev
Eddie
Tampa
Fla
Cecil C. Collins
Charles
James
Frank C. Russell
Russell
Also Mentioned on This Page
Montlhery
James J. Metcalfe
Pield Enterprises
The
N. C. General Fund
Waynick
United States
Britain
Marvin L. Arrowsmith
R.-Mich
GOP
Senate
Truman Administration
Gray
Mr. Truman
Western
W. Averell Harriman
Far East
Michigan
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