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Newspaper
High Point Enterprise
Location
High Point, North Carolina, United States of America
Date
Oct 27, 1954
Page
4
Robert M Hanes will retire as president of Wachovia Bank and Trust Company at end of 1955. At 64 next September he remains vigorous and plans to devote more time to community and civic work, hunting, fishing and reading. His successor is undecided and the role calls for strong stamina and leadership.
The article reflects on the 25th anniversary of the 1929 stock market crash, noting harsh contrast between past fears and modern gains. It cites rising GNP, living costs, TV adoption, air conditioning, longer lifespans, larger families, more homes and cars, and ongoing juvenile delinquency while asserting Americans are better positioned to face crises today. It also highlights Dr. Norval Neil Luxon’s appointment to an international journalism exchange advisory committee and praises his leadership at the UNC School of Journalism.
The Chattanooga New Free Press notes Chiang Kai-shek’s Nationalists may deploy Formosan head hunters to defend central Formosa from potential Red Chinese paratroopers. The tribes, peaceful post WWII, previously fought the Japanese and could be mobilized to oppose airborne assaults.
The piece argues that Bolsheviks used national liberation movements to spread Soviet influence. It cites Lenin on language rights, Sun Yat-sen, Nehru, and Indonesia, and warns that in the United States such movements attract infiltrating Communists. It notes the danger of committees turning into permanent pro-communist bodies and lists innocent people harmed by association.
Lynn Nisbet argues North Carolina faces growing water crises from Atlantic storm damage and drought. He cites $60-$75 million hurricane losses and $125 million drought losses across two states, urging policy for prevention and relief amid federal to local confusion over responsibilities.
State agencies struggle to coordinate water resource policy amid rivalries and overlapping duties. Five major bodies share power without clear authority, hampering flood control, irrigation, and pollution issues while surveys pile up and politics looms for the next Legislature.
A Hamlet service held at 3 p.m. yesterday for Dr. W. C. Terry, who died Sunday morning, as survivors including two local brothers R. B. Terry and L. R. Terry were noted. A civic tribute praised his life as family doctor and his care for the needy.
In Groton Connecticut an error in pipe selection at Electric Boat could delay the Nautilus atomic submarine trials by three to six months. Welded pipe mistaken for seamless caused a pressure test explosion and potential radioactive risk. foreman fired and extensive rework may be needed, but Navy says seaworthiness unchanged.
A collection of controversial quotes from officials and public figures is cited, including Defense Secretary Wilson on unemployed Americans and home savings, John Steinbeck on flying saucers, and critics labeling Sen. Paul Douglas as a doomcrat. Comments from Bevan, Morton Be worth and Msgr. Ligutti reflect diverse views on coexistence, socialism, and farmer expectations.
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