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Newspaper
Hope Star
Location
Hope, Arkansas, United States of America
Date
Jan 29, 1948
Page
2
Rep A L Miller of Nebraska said General MacArthur is expected to return to the United States around April 15. He hinted a congressional committee may invite MacArthur to report on Japan while noting a joint session of Congress could address him.
Washington January 28 The Senate prepared to approve Thomas B McCabe to replace Marriner Eccles as Federal Reserve board chairman President Truman named McCabe amid mixed reactions Eccles supporters praised the move while Tobey Taylor and Fulbright signaled reservations The Banking Committee showed eight of 13 members with no objections and four backing McCabe with formal voting decisions forthcoming
Speaker Martin of Massachusetts said he had heard nothing about a proposed plan. Joint sessions are typically arranged through the House and Senate committees and formal tenders, as noted by officials.
Kansas City January 28 State prosecutors expect to dismiss sixty four indictments from a 1946 vote fraud grand jury probe after a judge limited the use of grand juror testimony. The charges tied to the Democratic nomination race in Missouri’s fifth district and related thefts of ballots and records.
Mississippi Senate praises Arkansas for improving Negro education and funding. Governor Laney and educators are credited for supporting better opportunities while maintaining segregation. Arkansas spent over three million dollars on elementary Negro education in 1947 and plans further yearly allocations for 1947-49. The advisory committee tackles standards at A M N College in Fine Bluff pending statewide improvement efforts.
The army funeral ship Joseph V Connally, ravaged by fire and abandoned with 45 crew, sank after the towing hawser slipped in heavy seas and snow squalls off Cape Race, while the coast guard and tug Curb accompanied the tow. The crew was rescued earlier.
In Frankfurt Germany an air search began for a missing transport plane overdue by more than 48 hours with eight aboard, three American women and five children. Airforce headquarters reported no clue to its whereabouts. The flight left Isires France for Udine Italy Tuesday noon, with searches centered in southeast France and northern Italy.
In Macon Georgia in 1894 a business lot was sold by Thomas Callaghan for the consideration of three square meals daily for seven years. The odd contract reflects era rules and local commerce.
McCabe, a Republican industrialist and chairman of the Philadelphia Federal Reserve since 1939, faces Senate confirmation as a member of the Fed board. The president will choose the chairman if confirmed, with no House action needed. Taft criticized Truman's potential demotion of Eccles, while Wagner urged that McCabe, if chosen, be experienced and bold.
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