Britain faces pound devaluation debate across oceans
Devaluation of the pound Sterling sparks cross Atlantic discussion. The article explains how a weaker pound could boost British imports and tourism yet raise costs for essentials, potentially offsetting gains. It recalls 1931’s removal from the gold standard and includes AP notes on British sentiment and historical figures involved.
MENTIONED IN THIS ARTICLE
Dewitt MacKenzie
Foretan
Atfairs
Britain
England
U. S
America
Truman Bold Aid Plan Faces Congressional Debate
President Truman’s bold aid plan for backward countries faces mixed reaction in Congress as critics question funding and guarantees. The plan seeks a $45 million fund to finance engineering and assistance and Export-Import Bank guarantees for private American investments, targeting Africa, the Near and Far East, and parts of the Americas with a share-cost basis. Leaders cautious about passage, while Speaker Rayburn and Democratic Leader McCormack voice tentative support. The administration envisions a long term, partly UN cooperative program to stimulate American capital abroad through government guarantees.
MENTIONED IN THIS ARTICLE
John .M. Hightower
Washington
Africa
Near
Far East
Central
South America
Congress
Rayburn
House
McCormack
Mass
United Nations
Morgan backs British gold standard shift as world reaction steadies
An AP reporter recalls Morgan’s cautious response to Britain leaving the gold standard. Morgan’s later statement called the move hopeful, not discouraging, and his tone helped steady international markets while acknowledging potential devaluation risks.
MENTIONED IN THIS ARTICLE
Morgan
Jack
DeWitt MacKenzie
Associated Press
England
Jin Jong
America
House of Morgan
Community church activities and meetings in Prescott
Local notices list choirs and church events across Prescott. Activities include adult and youth choir rehearsals at Cummins Field, Presbyterian and Central Baptist church meetings, midweek Christian services, and workers’ gatherings with prayer and Bible lessons. Community members, including Mrs. Frank Davis and Mrs. Harry Moore, are noted for leading sessions.
MENTIONED IN THIS ARTICLE
First Christian Church
Frank Davis
Harry Moore
Central Baptist Church
First Baptist Church
Young Peoples Recreation and Fellowship
Suckles Lake
Sackles Lake
Eary R. Humble
J. H. Langley
Congress Stalled Amid Rent Control Only Major Item Passed
Washington has a dull six months with only rent control moving forward. Truman’s major promises linger as Congress hammers bills on public housing and labor while budgeting cuts stall. Expectations fade for further landmark legislation before year’s end.
MENTIONED IN THIS ARTICLE
James Marlow Washington
Congress
81St
Truman
John Taber
New Yorkepublican
Senate
House
Janary
Towboat Tessier Burns on Mississippi injures sailor
A Tessier towboat carrying three oil laden barges exploded and burned eight miles above Cairo yesterday on the Mississippi. One crewman, G. W. Banta, age 19, was injured by a boiler face plate. Eight crewmen escaped by lifeboats and were later rescued by the Wabash. The vessel burned for hours but posed no navigation hazard.
MENTIONED IN THIS ARTICLE
Grand Tower
Ill
Mississippi River
Hast St. Louis
Louisiana
G. W. Banta
J. W. Banta
Banta
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Gisten
Gov
Sid McMath
KEPW
KKOTN
John Buil
Gibraltar
London
Charles G.hell
Maria Dawes
Thomas Cochran
J. F P. Morgan
Cochran
Tace
Fold Standard
Morgan Bank
J.P. Morgan
Mr. Morgan
Om Sareest Seiler
Sh St
St.joseph
Springhill
Shreveport
New Orleans
Texarkana
Kansas City
Flood
Potomac Valley
Petersburg
W. Va
Prescott News
Cumminns
Presbyterian
Ay Ae Church
The
Gordon
John Pittman
Dan Pittman, Jr
Allan Johnston
Shreveport, la
Charles _ Pittman
RED
Laszlo Rajk
Budapest
Ace
Rajk
Communist Party
Hungary
Soviet Union
Rae
Carlye
Ellen Kaye
Franklin's
Klafter
Sobel
Mademoiselle
Madam Renauld
Loyaway
Hope , Arkansas
Mississippi
Bureau of Reclamation
Roosevelt
Salt River
Arizona
Basil Munn
Sam Vick Scott
Sam Panky
Emmet
Charles Smythe
Quitman Steed
Mary Lynn
Greenville
Miss
J. T. McGnough
Ed Cantley
Mildred Cantley
Electa C. Wells
Ramey Nelson
Little Rock
Prescott
W. R. Boney
J. D. Cantley
4A. W. Hudson
Mrs
Warren Cummings
Karl King, Jr
Orin Ellsworth
Ray Priest
Danney
Larry and
Raymond
Jesse Howick
Nesl
Thirham
Wiel
Houston
Tex
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