Truman Inflation Debate Continues Amid Korea War Strain
Taft accuses administration of promoting mild inflation in 1950 and credits credit expansion for rising prices. He cites growth in mortgage loans and consumer credit while noting a deficit over 3 billion dollars. He says postwar policy shift by the Fed did not prompt Treasury to follow suit.
MENTIONED IN THIS ARTICLE
Congress
Taft
The
Treasury
Federal Eserve Board
Credit Asy
Federal Reserve Board
Flue-Cured Leaf Markets Reopen Amid Holiday Closure
Raleigh reports reopens of flue-cured tobacco markets after a four and a half hour trading day for most warehouses, with Old Belt markets to five hours per day temporarily. The reopen follows a holiday to relieve congestion at redrying plants and compensates the Old Belt for a three day delay. Expected heavy leaf volume on all warehouse floors.
MENTIONED IN THIS ARTICLE
Raleigh
Bright Belt Warehouse Association
Old Belt
Truman Byrnes rift widens over Moscow policy and appeasement critique
The piece recounts quotes from President Truman amid Republican attacks on his handling of Russia after the Moscow talks. It notes Byrnes’s criticism and resignation attempts, Byrnes’s claim of friendship ending in 1949, and press corroboration from The Herald Tribune about tensions and off the record remarks.
MENTIONED IN THIS ARTICLE
Russia
Daniels
Truman
Harry
Byrnes
Democratic Party
Williamsburg
Moscow
New York Herald Tribune
Washington
Bert Andrews
Spartanburg
S. C
Mr. Truman
The
Herald Tribune
Navy
Stalin
Herald
Andrews
Ink consumption and facts from 1940s notes
The W. A. Sheaffer Pen Company reports Americans use 15 to 20 million dollars worth of writing ink per year, nearly double prewar consumption. One production line at Skrip can output over 50,000 bottles daily. The text also mentions Andorra as the world’s oldest republic.
MENTIONED IN THIS ARTICLE
Fort Madison
W. A. Sheaffer Pen Company
Sheaffer
North Carolina asks 211 million for next school biennium
The State Board of Education asked for 211,003,347 to run public schools in the next biennium, a rise from the current 176,000,000. It proposes 164,000,000 for teachers and principals salaries with A certificate teachers earning from 2,200 to 3,100 dollars annually, other certificates paid proportionally.
MENTIONED IN THIS ARTICLE
Raleigh
State Board of Education
North Carolina
Advisory Budget Commission
United Nations Assembly Opens With Support for Korea Peace Efforts
Robert Schuman the French foreign minister spoke to the assembly and endorsed Dean Acheson's proposals to strengthen collective action against aggression. He praised the U N and U S efforts in Korea and backed coordinated economic moves for peace in Europe.
MENTIONED IN THIS ARTICLE
Ecuador
Robert Schuman
Assembly
U. SS
Dean Acheson
U. N
United States
Korea
Europe
Wholesale Food Price Index Drops
The Dun & Bradstreet wholesale food price index fell this week marking the largest weekly drop of the year and the first decline since the Korean War. It slid to 6.61 from 6.67, 16.6 percent above the prior year, with cocoa coffee lard hams and beef among the sharp drops and wheat corn butter cheese eggs raisins and prunes among the gains. Eugene ONeill Jr. a 40 year old son of the playwright killed himself in Woodstock New York after a broken engagement, choosing a stoic Roman method.
MENTIONED IN THIS ARTICLE
New York
LPI
Dun & Bradstreet
Woodstock
WN. Y
Eugene Oneill, Jr
Allied plan for Europe unified defense force hints at Eisenhower
A proposed Unified Force for Europe includes Portugal Italy Luxembourg Iceland as the twelfth member with no army. A commander in chief is to lead the force, with a chief of staff until named. Defense ministers are to recommend setup methods and Aachen Germany to boost defense output, including steel, under a stepped up program.
MENTIONED IN THIS ARTICLE
Portugal
Italy
Luxembourg
Iceland
Dwight D. Eisenhower
Columbia University
Germany
Miners Dead in Creswell Pit Disaster Toll Climbs
Grim rescue workers hauled 50 bodies from Creswell colliery. Ninety miners were killed the day before, with three more bodies recovered last night. Five others were seen in a shaft but unreachable. Victims suffocated from smoke and fumes deep underground.
MENTIONED IN THIS ARTICLE
Creswell
England
Flag Raised Over Capitol in Seoul Battle Prompted Heavy Losses
U S Marines raised the flag over Seoul capitol after street by street fighting that left thousands of structures shattered. Allied forces reported heavy Red casualties and continued pressure toward the 38th parallel as pocket resistance and a northern push persisted.
MENTIONED IN THIS ARTICLE
U. S
Capitol
Seoul
Dak Soo Palace
United
S. Korea
North Korea
Shangji
Bill Ross
MacArthur
Pohang
Utchin
Red Korea
Chunyang
Yongju
Taegu - Seoul ‘‘Heartbreak
Tae
Hadong
Pyongyang
Eye Witness Account of North Korean Action at Osan
A former driver recalls the last 90 minutes of a rapid advance from Poon to Osan. Soldiers describe enemy losses as 79 Communists killed and multiple vehicles destroyed while one American noncombatant died. Troopers recount fear and faith during the mission led by Maj. Gen. Barr. Dragon flies can fly 60 miles per hour.
MENTIONED IN THIS ARTICLE
Poon
Chonan
Osan
John Rhodes
Park
McKeesport
Rhodes
Baker
Harold G. Biffle
McGowan
Akron
Ohio
Stanley E. Davis
Rt. 3
Wheeling
W. Va
Arthur Lorelli
Indiana
David G. Barr
Barr
Harry E. Roland
Copley Road
Upper Darby
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Robert Paige
McCarthy
BEN Aris
BBC Fre
Margaret Chapman
Dizzy Kitty
America
ALL New Western Revue
Rialto
e. ec #eature
Hoppy Cassidy In
Louisa
Ronald Reagan
Charles Coburn
Ruth Hussey
Edmund Gwenn
Long John Silver
Robert Newton
Tim Hawkins
Bobby Driscoll
Captain Smollett
Hispanials
Basil Sydney
Walt Disneys
Sutter
Republic
Andorra
High Point
Lana
Turner
Ray Milland
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John Hodiak
SOLOS
Max Conrad
Minneapolis
Vevey
Switzerland
Chapel Hill
Public Health
School of Pharmacy
Gray
Koera
Archdale
Laket Parks Jolson
Sidkey Buchman Trojectos
Capes
Barbara Hale Baron McCorect
Tomere Shayte
Hentt Lvan
Soney Buchman
Stars
Lizbeth Scott
Philadelphia
Pennsylvania
James H. Duff
Unified Force For
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Berlin
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Gene Burchett
Welch Park Fair
High Point V.F.W. Post
Capital Airlines
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Girard Perregeux
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