Bailey Battles Depletion Cut in Oil Tax Policy
Bailey of the Arkansas Oil and Gas Commission opposes President Truman's proposal to cut the depletion allowance from 22.5 to 14 percent. He warns the move could reduce U.S. oil reserves critical for wartime needs, raise unemployment in Arkansas, squeeze small operators, and end stripper well drilling due to lower profit incentives and capital margins.
MENTIONED IN THIS ARTICLE
Hf Dorrido
Imato
Bailey
Arkangae Oil and Gas Commission
Truman
Amiétics
Arkansas
Jessup in New Delhi Signals U.S. Far East Policy Shift
U S roving ambassador Philip Jessup arrived quietly in New Delhi as Nehru visits the United States. The discussions focus on India’s leadership role in Asia and a spontaneous, economically backed regional bloc allied with Washington. Jessup aims to bolster India-U S ties and offset Soviet imperialism without forming an anti Communist bloc.
MENTIONED IN THIS ARTICLE
DeWitt Mackkenzie
U. 8
Philip Jessups
New Delhi
Idia
East
Washington
India
America
Nehru
United States
Tessup
Dean Acheson
Jessup
Alan
England
Far East
Orient
China
Aches
Senate Committee
Soviet Union
Hoffman Raises Political Blood Pressure
James Marlow reports on Paul Hoffman urging that the United States increase imports from Europe to spur dollars for postwar aid, prompting debate on how much protection American industry should have. The piece reviews Marshall Plan aims, tariff history, and the logic of continued protection versus European competition.
MENTIONED IN THIS ARTICLE
James Marlow
Washington
Paul Hoffman
Capitol Hill
Bates
Hoffman
Europe
Hartman
Congress
U. S
Smith
Danbury
Cann
Paris
Tariff Walls Open To Revision Under Trade Act
The discussion notes the reciprocal trade agreements act allowing the U.S. to reduce tariff barriers in exchange for other nations lowering theirs. Hoffman suggests that imports would rise if approved, potentially harming some American producers who compete with incoming goods. Some senators advocate broader European relief and policy shifts.
MENTIONED IN THIS ARTICLE
Hoffman
U. S
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Hope, Ark
John'p. CO
Xx Drug CO
Nunn
Bush
NunnBush
Saeed Ned Ci
Nunn Bush
Gosneils Men's
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