Government old age insurance reform sparks long term deficits
Bruce Catton notes the House approved liberal revisions to old age insurance benefits with a 301 to 2 vote, shifting timing and calculations. The plan raises payroll taxes through 1950s while boosting benefits, risking a future funding gap and possible new borrowing as tax increases lag behind payments.
MENTIONED IN THIS ARTICLE
House
Senate
Lending Program to Congress Soon
Washington reports a White House conference on a new lending program to be drafted into bill form and introduced early next week. Senator Barkley indicated opposition may be limited, with questions focusing on loan interest rates, suggesting a likely 4 to 3 percent range but no firm conclusion.
MENTIONED IN THIS ARTICLE
Washington
White House
Roosevelt
Congress
Mie
Barkley Dem. Ky
Barkley
High Quality Stock Brings Good Prices at Sutton Isles Sale
Unusually high prices marked the Sutton & Collier Isles barn sale in Hop fog conistered, with registered cattle commanding up to 125 dollars per head. Registered stock ranged 15 dollars to 125 dollars, non registered cows 10 to 75 dollars, and total Tuesday sales reached 8,363.90 dollars, including 320 head of cattle and 19 hogs. Homer Purtle paid 116 dollars for a months old Hereford bull.
MENTIONED IN THIS ARTICLE
Sutton & Collier ’Isles
Douthtrs
Homer
Governor Bailey to Return Sunday
Governor Carl E. Bailey of Arkansas left for Little Rock Friday night after efforts to negotiate a $140,000,000 loan for refunding the state highway debt. He plans to issue a call for the State Board of Finance to meet Monday afternoon and said a test suit would be filed in state court Monday on certain phases of the refinancing plan. He will return to Washington next Wednesday after meetings with bank and investment house representatives. A pie supper is planned at Battlefield on Saturday, July 1 at 8 p.m.
MENTIONED IN THIS ARTICLE
New York
Carl E. Bailey
Arkansas
Little Rock
State Board of Finance
Bailey
Supreme Court of Arkansas
Washington
Thought Lt Inspires Loyalty and Omnipotent Helper
A cryptic note recalls that memory and devotion bind a leader and his all powerful aide. Jeremy L Taylor signs the message, reflecting on loyalty and the enduring role of trusted assistance.
MENTIONED IN THIS ARTICLE
Liatmali
Dexysur
dJeremy
L Taylor
Surf Board Riders to Perform at Spa
Daring surf board riders headline the July 4th program at Gilliams Landing Lake Hamilton Spa in Hot Springs Arkansas. Eddie Burnsback promo tion manager states the water bronco busting team includes 1 year old Getty Gene Watson of Texarkana and an array of drivers from Texarkana. The outboard racing starts at 1 30 p m with five races and stunts by listed performers.
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Hot Springs
Ark
Gilliams Landing
Lake Hamilton
Chamber of Commerce
Eddie Burnsback
Getty Gene Watson
Texarkana
Barnaback
8. A. Watson
J. B. Richardson
Bernie Mizell
Joe Boswell
M.S. Williams
Morris Lumpkin
Henry Rey
Herman Folsom
Trade deal ties British rubber to American cotton
Washington reports the United States and Great Britain agreed to swap 600000 bales of U S cotton for about 175000000 pounds of British rubber. The storage pact aims to bolster war reserves, with Ambassador Kennedy and Oliver Stanley signing for their governments. Senator Byrnes hailed the deal as a defense measure and noted rubber stocks in the U S are low, risking higher prices and factory shutdowns in war.
MENTIONED IN THIS ARTICLE
Washington
United States
Great Britain
Joseph P. Kennedy
London
Oliver Stanley
British Board of Trade
Herbert Foss
Sintec Department
Byrnes
Dem
5.C
Ghill
Kennedy
Feis
America
Fels
Britain
Fear of Dollar Fate and Farm Price Pegging Shake Business
This concludes a six part series arguing the dollar’s fate must be settled to restore investment. Flynn urges ending currency fears and devaluation, ending gold profits, and Congress resuming control. He calls for ending price pegging and subsidies, reforming Social Security, opposing the Townsend plan, and quelling war scare rhetoric to revive the economy.
MENTIONED IN THIS ARTICLE
Flynn
Join 'T
NEA Serice
Congress
What’s in A Name Cycling Fine Sticks
In Belfast Iceland a Rosslea County Fermanagh man was fined for cycling after dark without lights. He told officers his name as De Valera. He was later identified as De Valera Mulligan, named after Eire’s premier, a detail noted in the report.
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Belfast
Iceland
vPj
Rosslea
County Fermanagh
de Valera
de Valera Mulligan
Eire
John T. Flynn Proposes Recovery Program Features
Flynn outlines a recovery plan calling for war on monopolies and private trade controls, divestment in key industries, wage readjustments, labor rackets crackdown, railroad and utility reform, and a clear tax, spending, and investment framework. He seeks social security revision, currency stability under Congress, and end to war scares while pausing farm price pegging.
MENTIONED IN THIS ARTICLE
Arerts
Congress
Arson Suspect Said to Be a Minister
The DeQueen Daily Citizen reports Friday that T. J. Prince of Gillham Sevier county is a preacher and pastor of the Gillham Catholic church circuit, linked to the Ashdown hotel fire at Princess hotel. The minister, said to be a relative of BR Jarvis, may have been employed to manage the Ashdown hotel. Also note: seventy five miles of telephone line will be strung in Mont McKinley National Park in Alaska this summer.
MENTIONED IN THIS ARTICLE
DeQueen Daily Citizen
T. J. Prince
Gillham
Sevier County
Princess Hotel
Ashdawn
Prince
Jarvis
Ashdown Hotel
Mont McKinley National Park
Alaska
Federal Spending Hits a New Record in Peacetime
Federal spending for the fiscal year reached 9.006 billion on June 21, the highest peacetime total, surpassing the prior 1936 peak after the soldiers bonus. Treasury officials doubt nine remaining days will reach the 9.592 billion forecast, with a June 30 deficit seen about 500 million less than 4.072 billion. Revenues on June 21 totaled 5.585 billion, above the estimate by 65 million. Modern lacrosse traces to the Stickball game of the Indians who still play the ancient form.
MENTIONED IN THIS ARTICLE
Washington
Treasury
Roosevelt
Cranium Crackers Puzzle Fragment Notice
A fragmented text presents a puzzle with two true statements among five and asks what is wrong with the others. The list includes unfamiliar terms and garbled phrases about fur, food, refuse matter, a highway name, and a biblical father, indicating a damaged cryptic entry from a historical page.
MENTIONED IN THIS ARTICLE
Searell
John the Bapetis
Hezekiah
Kentucky Primary Tests New Deal Delegates Clash
Kentucky voters face a high stakes August primary pitting Gov Barkley’s backers led by John Young Brown against Gov Chandler’s supporters backing Keene Johnson. The contest centers on delegate selection for the 1940 Democratic Convention and Roosevelt administration influence, with party leaders seeking alignment on New Deal support and old age aid funding. Brown’s Louisville machine faltered without Barkley ally support, while Chandler leverages a stronger statewide organization, making Louisville a key battleground.
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Chandler
Keene Johnson
Kentucky
Barkley
Bulgre
Brown Barkley
Roosevelt
Eunator Barkley
Johnson
Toh
Rouse
Velt
Senate
Louisville
Brown
Pek
Sey
Winners Named in Baby Contest and Mystery at Midnight
The Hope Band Auxiliary named winners of the baby popularity contest. Linda Joe Franks and Billy Wray received trophies sponsored by The Fashion Shop and City Bakery. Due to rain, Saturday’s 8 PM performance of Mystery at Midnight will repeat at City Hall with tickets cut to 15 cents. The high school band will parade Saturday afternoon to advertise the show. Band auxiliary members are urged to attend a 3:30 PM meeting Monday at Mrs. C. Cook’s home.
MENTIONED IN THIS ARTICLE
Hope Band
City Hall
Linda Joe Franks
Austin Franks
Billy Wray
Bill Wray
Franks, Child
City Bakery
Wray
C. Cook
Byrd Plans a New Trip to Antarctic
Rear Admiral Richard E. Byrd told the Boston Globe he would pursue a third Antarctic voyage to map and claim U.S. territory, even if Congress rejects government funding. He aims to raise private funds if needed, unsure if a private expedition could sail before next year. Byrd, in Chicago, discussed using the Bear of Oakland, now being readied in Boston with Diesel engines, and the plan's House floor timing was anticipated.
MENTIONED IN THIS ARTICLE
Boston
Boston Globe
Richard E. Byrd
Antarctic
United States
Byrd
Chicago
Oakland
Cotton Prices Open, Close Quiet in New Orleans
New Orleans July cotton opened Saturday at 52 and closed at 9.54. Spot cotton closed quiet and unchanged with middling value at 9.45.
MENTIONED IN THIS ARTICLE
New Orleans
Spot
Big Flying Boat En route to Europe with 33 aboard
A 40 ton flying boat carries 33 passengers including 21 government and airline officials on a preview flight toward Europe, following Lindbergh’s historic North Atlantic path. The Yankee Clipper’s sister ship Atlantic Clipper recently completed a similar preflight from New York to Lisbon.
MENTIONED IN THIS ARTICLE
Long Island
Europe
Charles A. Lindbergh
Paris
France
New York
Lisbon
Portugal
Long to Cooperate With Oil Industry In Louisiana
Baton Rouge La Earl K Long pledged full cooperation with oil producers and the federal government on proration and production promising no fear for oil men if he becomes governor He said he would work with oil interests and avoid a purge or drastic government changes He will succeed Governor Leche who resigns next week Leche announced his resignation and plans to sign a charity hospital contract at Monroe He welcomed WPA investigation efforts and offered state funds up to 39000 for any proven inquiry into WPA activities in Louisiana.
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Baton Rouge
Earl K. Long
Long
Winnfield
Ayden
Texas
Louisiana
Taghould
Everal
Richard W. Leche
Leche
Attorney General's Office
Teche
Monroe
WPA
Covington
J. H. Crutcher
Regues
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New Deal
Battlefield
Spa
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Advisory Council
Townsend
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Yauseme
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Preston Grover Washington
Alist
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Tee
Handter
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Snes
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J Garner
Lebrun
Coe
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