Public debt vs private debt explained in 1953 terms
The editor argues public debt grows beyond the face value due to refinancing costs and rising interest rates. Citing F D Roosevelt era borrowing and Truman era rate hikes, the piece explains how a 2 percent borrowing rate can become about 3 percent on new bonds, effectively increasing the taxpayer burden and distorting debt perception.
MENTIONED IN THIS ARTICLE
F. K. Roosevelt
Harry Truman
Federal Reserve Board
Families Rejoice Over New POW Repatriations
Families across the United States celebrate the return of 40 American prisoners of war from Korea as stories of relief and joy unfold. In Altoona Alabama Mrs. Vanercock pleads to reach her son Ple. Tally Cox who disappeared December 1 1950. Other reunions include Mary Abraham of Sisseton South Dakota and James Franklin Jr. of Petersburg Virginia as Christmas cards arrive and hopeful letters arrive from the freed men.
MENTIONED IN THIS ARTICLE
McMahons
Abrahans
Franklins
Contrearas
Korea
Altoona
Alabama
James M. ‘Anklin
Franklin
Six Killed In Secret Jet Test Crash Over Long Island
A B29 Superfortress and an F84 Thunderjet, in a classified test from Farmingdale New York, collided high over Long Island Sound. All six aboard died. bodies not recovered. The jet pilot survived. Coast Guard and search aircraft resumed efforts over Great Peconic Bay and nearby waters.
MENTIONED IN THIS ARTICLE
Westhampton
Tames
Long Island
Air Force
Wright Air Development Center
Dayton
Traina
Republican Aircraft Corp
Farmingdale
N. Y
Great Peconia Bay
Long Island Sound
New York City
Coast Guard
Farm Leaders Grapple With Cotton Price Supports Policy
Secretary Benson faces tough choices as cotton farmers press for protection near 1954 parity expiry. He advocates flexible standards over rigid supports to avoid storage surpluses and damage to foreign trade. Other notes cover turkey farming growth in Logan County, frost damage to truck crops, early planting delays, and in floor electric heat breeding trials at Southern State Magnolia.
MENTIONED IN THIS ARTICLE
Little Rock
Benson
Charles Brannin
Lyman County
Jong
Arkansas Valley
Logan County
Gordon Hixson
Paris
Hixson
Chism Reed
Reed
Crap’ Reporting Service
Miles McPeek
Arkansas
White County
Magnolia
William Dean
Malvern
Former Washington resident dies in Louisiana at 68
Lynn Ferguson, about 68, a former resident of Washington, died Friday at his home in Newellton, Louisiana. Survivors include his wife, nine children: Mrs. Ben McCauley, Mrs. Herman Kraft, Mrs. Bil Digby of Louisiana, Ross and Pete of Louisiana, Floyd and Robert of Nashville, and Lots of Ft. Smith. four sisters, Mrs. B. Ingram of Springfield Missouri, Mrs. Chris Pettyjohn and Mrs. Jeff Roberts of Little Rock, Mrs. H. B. Lamb of Delight, Mrs. C. A. Hipp of Hope. three brothers, Otis of Haywood Oklahoma, Buford and Jewell Ferguson of Hope. Funeral services will be held Sunday at Pike, Arkansas.
MENTIONED IN THIS ARTICLE
Ben McCauley
Herman Kraft
Bil Digby
Louisiana
Ross
Pete
Lanislaba
Floyd
Robert
Nashville
Ft. Smith
Ingram
Springfield
Chris Pettyjohn
Jeff Roberts
Little Rock
H. B. Lamb
Delight
C. A. Hipp
Hope
Otis
Haywood
Okla
Ike Seeks Harmony With Congress in Move to Lead
President Eisenhower aims to win congressional support through persuasion, not force, a policy praised by Vice President Nixon. Despite a House defeat on a 35,000 unit housing plan, Eisenhower maintains a soft approach, arguing leaders act by conscience and not personal attack.
MENTIONED IN THIS ARTICLE
Washington
Eisenhower
Congress
Nixon
New York
American Newspaper Publishers Association
Hotse
Truman Hisenhower
House
Senate
White House
Roosevelt
Truman
Eisenhow
Sherman Adams
Republican Conference of Women
Allied drive slows Chinese attack in Korea battle
Allied forces repelled Chinese assaults near Jackson Heights and east of Songjin, killing about one third of 1800 attackers and wounding or leading nearly 200. U S and ROK troops endured heavy artillery while air forces logged 1370 sorties and a MIG jet was shot down. Navy ships evacuated Marines amid Red shell fire near Wonsan.
MENTIONED IN THIS ARTICLE
Seoul
U. S
Korea
Eighth Army
Reed
Reed U. S
Jackson Heights
Oran
Air Force
New Jersey
Songiin
Navy
U.S
Wonsan
Eworhlen
Reublic of
Yonpo
Hungnam
Cnat
Oxford Tragedy: Teen Falls Into Thames Then Is Fatally Hit
In Oxford England 17 year old Partridge fell into the Thames at a boat yard yesterday. Rescuers pulled him out and he attempted to ride home for dry clothes, but he rode into a street and was struck by a car. The incident occurred near a Petlow work site. The youth died at the scene.
MENTIONED IN THIS ARTICLE
Oxford
England
Partridge
Thames
Petlow
James F Harp Formerly of Hope Has Died
James F Harp formerly of Hope died. He was brother-in-law of M S Waites and survived by his wife a daughter and other relatives. Funeral services were held Thursday at Black Surings near Mt Ta with mineral service details noted.
MENTIONED IN THIS ARTICLE
James F. Harp
Hope Dies
James W Harp
Tomer Afope
M.S. Waites
Nishomie Ti Miida
Hazel Cole
Black Surings
Weny Mt. Ta
Texarkanian Tells of Red Treatment
Three Texan Marines and a Navy corpsman captured during a battle near Venus report Communist hospital care after weeks in captivity. They describe limited medical attention, but praise food and sun exposure, while recounting a harrowing escape attempt and pistol threat.
MENTIONED IN THIS ARTICLE
Freedom Village
Ney
Surea
Iid
Col Dm Mic B. Lacy
Wanton St. Texarkana
Armstrong
Porsa St Sra
Runa
Aguas
Waddill
Wadditt
Venus Jin
Wasted motions age husbands and leave widows
A column argues men waste energy in small, daily motions from tying shoes to shaving and talking, draining vitality and contributing to shorter lifespans. It jokes about chivalry and grooming while urging men to conserve effort, noting wives adapt with efficient routines.
MENTIONED IN THIS ARTICLE
New York
America
Aldiente
Frances
MacArthur Calls for Strike on Red China in Public Address
General MacArthur urges the United States to threaten and potentially strike Red China to end the Korean War, arguing Soviet leverage could force Beijing to negotiate. He pins missed peacemaking on diplomatic inertia and criticizes leaders for failing to capitalize on opportunities, warning of wider conflict if misused.
MENTIONED IN THIS ARTICLE
Moscow
Saviek Unita
Walend Fodiy
Werdie
Pede Bk
Philly
Eisenhower
Aterlean Craver
Telus
Holts
Ivenhawer
Tiderahip
Sovio Union
Iigenbeaver
Wie
Donlerahly
Agreckia
Washington
Dottiers MacAdtian
China
Jim Qabul
Truman
MacArthry
Jeterrand
Kurt
MacArth
Sen
Byrd D Val
U.S
Korda
MacArthur
Netwy
Jentcy
Trans UB
Commissioner to Have Authority Over Highway Department
In Little Rock the Highway Commission transferred full employment power to Director Gerbert Eldridge. The commission approved a resolution stating Eldridge would control all hiring, continuing employment, and promotions within the department under lines of authority he establishes and the commission approves.
MENTIONED IN THIS ARTICLE
Little Rock
Highway Commission
Gerbert Eldridge
Highway Department
Eldridge
Ed Rdange
All Depends on What a Person Is Used to NORVOLK Navy Use Adin
A garbled note discusses Navy entry and duties with phrases about a person’s accustomed role. It mentions a district letter, forwarding, and questions about eligibility and service, reflecting confused OCR from a local publication.
MENTIONED IN THIS ARTICLE
Norvolk
Vian AL Teast
Nien
Sotliy
Otilde
News Editor Pounces on McCarthy
The Washington Editor and New York Post editor clashed during a closed door hearing as Senator McCarthy faced a subcommittee inquiry. The hearing touched on McCarthy's ties and a biography of a prominent editor, while officials noted routine procedures for reviewing books in the State Department security program.
MENTIONED IN THIS ARTICLE
U. G
Milton Kelly
Washington Ly
Ford
Sen
McCarthy
New Yorke Post
A. Weessler
Woschsler
Blaglig
Young Communist League
Fia
Jenler
John Tylewle
Libenvies
Cherry to Be Prescott C. C. Banquet Guest Speaker
Governor Jurely Chucry will be the presiding keynote at the Prescott Chamber of Commerce banquet. The event occurs Tuesday night at Presvald Chamber venue with dinner served at 7:40 p.m.
MENTIONED IN THIS ARTICLE
Cherry
Prescott C. C
Jurely Chucry
Pringdynd
Presvall
NATO Ministers Debate Amount for Defense Spending
Paris reports NATO council ministers grapple with annual defense spending amid Britain's line of inquiry and U S aid shifts. They weigh each nation's economic capacity to meet a proposed 12 billion dollar NATO defense plan while awaiting total American assistance.
MENTIONED IN THIS ARTICLE
Paris
NATO Council
Finaance
America
NATO
Willinness
Prisoners To Be Released In Korean War Exchange
The article reports a planned prisoner exchange ending a stalemate between North Korea and the United Nations side. Seventeen Americans and four Britons are among those to be freed, with others from Turkey, Canada, Australia, and various regions also included. The total expected exchange reached about 800 prisoners, with both sides signaling possible expansions beyond an initial 600. Uncertainty remains over timing and scope as negotiations proceed.
MENTIONED IN THIS ARTICLE
Robert 8
Tuckman
Owe Parks
Urka Ccuil
Exuhance Iron
Norther
Bende
West Must Not Relax Over Russia Threats
The article discusses Allied Western resolve against Russia, noting a rumored strategic NATO meeting in Berlin and preparations for potential military buildup. It mentions leaders and agencies like Cornell, Dulles, and NATO's secretary general, with debates on defense spending and European defense unity.
MENTIONED IN THIS ARTICLE
NATO
Cornell
I. Comnke
Larth
Hiklory
Eade
Heputilcans Uy
Lurype
Germany
Coynell
Theo i Cen
Les
Dant Dulles
Catate
Wilso Humphrey
Treasury
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Harold Hart
Lynn Ferguson
Newellton
A. A
Ike
James
Marlow
Ronical
Russia
By Eddy Gilmonre
Red
By Edwin’ G&. Harkinson
By Harvey Hudson
West
Txudden Nyfidnogs
Degislund
Taniuy
Gil