31 Jul 1950
Page 1
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Newspaper
Hope Star
Location
Hope, Arkansas, United States of America
Date
Jul 31, 1950
Page
1
The discussion cites Prof Mahoney detailing average profits around 1947 and 1948, with 5 percent implied, and a hypothetical example of $25,000. The proposal outlines tax or levy considerations to avoid burden on business while balancing revenue needs.
Local contestants will compete in three elimination contests at the Saanger theater August 8 12 and 22 to select Mrs Hope from the group for the finals August 20 in Asbury Park. Winners receive a paid trip for Mrs Atkastigas and husband. entrants get gifts and must write for entry blanks. Judging weights include 5 percent home making talent and 8 percent beauty.
The article notes U S forces from the 25th and 24th Cavalry divisions and others in transit to bolster a southern front. Marine and 2nd Infantry divisions have begun deployment, with total numbers estimated around 20,000 to 23,000. Debate over an excess profits tax to fund war aid is discussed, suggesting negotiated contract reforms and higher revenues as plausible options.
Gen Douglas MacArthur visits Formosa with Chiang Kai-shek to discuss defense plans as UN forces fight off Chinese Communist advances. Reports say 100,000 North Korean troops may bolster attacks while U S reinforcements arrive to bolster the three major defense lines around Taegu, Chinju, and Pusan.
Belgian political crisis deepens as Leopold faces abdication demands from Premier Duvieusart and party leaders. Three killed in Liege clashes as crowds fear civil war, while Spaak warns action must come this afternoon to avert renewed unrest. Prince Baudouin may inherit powers if king abdicates.
President Truman plans to ask Congress for 4 billion dollars in military aid to anti Communist nations. House leaders indicate unanimous Democratic and Republican support to expedite action. The package aims to arm American allies as an emergency measure, with quick floor consideration through the appropriations committee. Congress also approved changes to manpower ceilings and warship construction to accommodate the broader defense needs.
Arkansas medical society leaders call for drafting young doctors with no prior service. The council adopted the resolution and sent it to the state congressional delegation yesterday, urging action on the draft.
Lieutenant Morgan describes his hometown beauty and longing to return. He reports jets destroying two fuel dumps in a village and blowing up at least two hidden vehicles in another town, while back on the ground noting the wider destruction.
Phig, Adit Fuchs and colleagues faced accusations of conspiring with Gold to present a false story to a 1947 federal grand jury. Brothman allegedly pressured Gold to claim an introduction by Semen H. Setterod, head of a spy group and trade official, amid ties to US Chemical plant in Clifton wood New Jersey and a New York engineering firm. A second count accuses Brothman of obstructing justice by persuading Gold to the false testimony.
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