Kingsport Times Newspaper Archives Aug 4 1955, Page 11

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Kingsport Times (Newspaper) - August 4, 1955, Kingsport, TennesseeAmerican publications get Good display in Paris these Days As the average Frenchman rediscovers the u. S. A. Or. Average Frenchman con in pan s air drying method for Burley Leaf May be obsolete Louisville. By. If the air drying method used by Burley producers in Kentucky May be come obsolete soon. Manufacturers claim a new proc Ess using bottled Gas for heat of fers an improvement Over the air drying system now common in this other Burley producing states. The Gas process was displayed tuesday As the Kentucky liquefied Petroleum Oas Assn. Closed us 8th annual convention. A Salesman said the Gas heal removes the possibility of Leaf deterioration when humidity exceeds 10 per cent thus resulting in bet Ter Burley. He said several appliances for the process had been sold in the Lexington area. Notice Able. It becomes almost hallucinating. You get the impression of a torrent of dollars Rushing throughout the country. It in new by Rosetta Hargrove n a staff correspondent Dupont. Who is or. Average Frenchman has re discovered the . And new interest in the american Way of living and thinking is immense. One graphic example is the Suc less of the venture of a Prin Temps. One of the biggest. Paris department stores which trans formed an entire floor into a miniature american shopping Cen-1 particular formalities can own a Ter. Against a background of stylized skyscrapers Booths display Choice of 100 per cent made in ." nylons and women s ready to Wear to Cowboy outfits and plastics. Jean Dupont wife have been crowding the show and buying Loo despite the fact everything costs at least third More America. Than 1t would in further proof was the full Page interview in Paris Presse one of the two popular evening papers in which managing editor Max Corre allowed himself to be questioned by own reporters for a a torn headlined there is some Ries Pell Mell in its Wake houses new automobiles Mink Coats air conditioners All of the extraordinary accessories of everyday Lite plus All the gadgets imaginable. Without any Complete House with two Bath rooms modern Kitchen and refrigerator plus the ground it is Buill on for s50 a month. Credit system is part of the american Way of life and to have debts is a Normal situation for the average citizen. Capital and fight for their interests but without any sentimentality or hard feel Ling on either Side. An employee owes n certain number of working hours nothing but when he is at work he does not lounge or waste time in Idle chatter. New York and other tiling changed in Corre. Back from first visit to the u. S. In Yvon , re ported the great fear of 1948 i Large cities. In America it is slower and noisier than in Paris but with perhaps fewer traffic snarls. Television pc Dario a. New important and expertly Han Way by a Prosperity never yet been swept i died. An interview with the new equalled in the world the German ambassador to washing ton who was barraged with questions could not have happened in americans i optimism is evident in their attitude their converso France lion. They feel Strong and their going Strong de is spite to. Americans have More some further Corre Eye views of Leisure than the French can a America 1955 sorb both forms of entertainment plus Many other forms of relaxation. Average american now thinks in terms of the Indus trial application of atomic Energy has great expectations for it and has lust most of War psychosis. Dominates explained partly by the rarity and High Cost of repair labor. American women their influence is tremendous especially the they Are extremely Well turned out Wear much jewelry real or false look for and follow Paris Sty a but the More mature Wom a have a fatal Yeu for Flower or fruit trimmed hats. To americans Only in relation to her Long historical past. Admiration for her culture literature Art and theatre also her transatlantic steamers and cooking is still Strong. But the French should have no Delu Sions about their political influence. Are americans Happy the give the impression of tremendous optimism. They hold their Heads High you Seldom see bowed head As in Europe. Their entire civilization is directed into one Channel to make life easier conquer pain and ill health and satisfy As Many desires As possible. Wistfully editor Corre compared America s Joe Doakes with France s Jean Dupont. Found Jean facing fiercer Competition petting better wages than before but with less Security than Joe. Jean finds there is no use to look for be Jou eur de Livre ithe sweetness of living which the americans seem to be pursuing successfully. Thursday. August 4. Its administration cutting Back credit in program to keep prices stable Washington Elsen Hower administration reportedly is embarked on n policy of cutting Jack credit to keep prices fairly stable for two years from cell Tab g. The latest in series of credit curbs was announced late wednes Day. Effective today 4 of the a. Federal Reserve Banks raised the Rule they charge member Banks which borrow from them. The Chicago. Boston and Atlanta bunks raised the charge called the discount rate from to a per cent. Cleveland jumped from i to per cent highest in 21 years. Increases by the other Reserve bunks Are expected to follow soon. Tills move designed is a curb on inflation followed closely the Lucking of Down payment and mortgage terms on government insured housing Loans last suture i courageous and mrs. Aug Kwh tomas7ewrki, Princeton hi., week resisted and subdued two men Olio abducted hem it gun Nln. Tomaszewski r Bond aked hand was Cut when he nil out of the bandits a Pup Bolc. At the Sunn time mrs. sucked the Urier Man Over the head with a portable radio. In trackable Safe creates problem Dalton a. Ins an in trackable Safe strangely enough has become an unbearable Mouroe of anxiety to the first National Bank of Dalton. Directly blocking rebuilding and remodelling plans the massive steel Safe can vol be moved and per haps cannot be demolished. We re calling in engineering sex Perls from All Bank president Walter m. Jonen says. Extended to Consumers. The total expanded by about one billion dollars in the first half of this year mostly in the form of instalment credit on Auto purchases. Total consumer credit outstanding is at a new High and Auto easy payment credit has gone to new peaks for the last six months in a Row. Vogel rejects efforts to move Tva Headquarters n in efforts to Transfer the gency s he currency have dispatched letters called Kuopi Tville a suit to Banks cautioning against Over f l terms on Aulo purchases me i ther instalment credit. The clothe necessity of taking Soine Kin Liberal and government also has tightened up on credit buying of stocks. The discount rain has been per cent since last april and my. Of action on new headquarter facilities within the near future. The Tva chief met with Silty officials and civic leaders of Flor we Iii i he Reserve Banks raised Sheffield and Tuscumbia for from 1 -. Three hours yesterday. A Bank increases its Legal re the act creating Tva in 1953 serves by borrowing from its re contained a clause providing that Gionni Reserve Bank since the Headquarters should be placed in borrowing Bank is required to keep j the Vicinity of muscle Shoals. In Reserve against every loaned out the Money it receives from the Reserve Bank Means that it can lend five times that amount to businessmen. Member Banks recently have Vogel said the original provision was subject to varied Legal interpretations. The fight to have the Headquarters moved from Knoxville where it was first set up has been car been borrowing As much As Coo u in Insp 1939 million dollars a week from the Pletl on since 1939 Reserve institutions although the Vogel said that some persons level dropped to 395 million dollars in e mistaken in their belief that in the week ended july 27 Nels unfriendly toward muscle by making it More costly to borrow the Reserve Banks Hope to discourage what one official called excesses of borrowing some times for speculative purpose without unduly tightening up credit for legitimate business needs such As building up stocks for Christmas business. Officials have been concerned Over the rapid Rise in Bank credit adding dynamite won t do. That would destroy the building. A Man with a Drill can work for hours without making a Dent. 1 do not know what we re going to do with the Shoals just As they arc mistaken in the belief that the Eisenhower administration is unfriendly to Tva. He added that be is fully aware that muscle Shoals was the birth place of the movement that led to the development of the ten Nessee Hiver but said that unless he is shown additional facts he would not favor transferring Tva Headquarters from Knoxville. Vogel said that even though associate directors or. Harry a. Curtis and or. Raymond r. Patey vote favourably for the muscle Shoals area he would oppose such a Transfer. Buying from free service this week they be never seen such savings on famous big family size 7.7 cd. It. Refrigerator and your old refrigerator general electric Home appliances Here Are a few examples of the great savings to be had lowest prices Ever offered buy them now we bought pm at Caronti prices Well sell pm to you at biggest saving a you la Ever find in genuine g. Appliances. Everybody is talking about the big saving you get at free service come in tomorrow. Per week Sale ends saturday aug. 6th and your old Range Model j-j44 m Low easy weekly terms open each evening till 7 o clock factory supervised service free service tire store 210 e. Center Street dial cd s-6191

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