Mounting Consumer Credit Sparks FRB Tightening Talk
The Federal Reserve Board weighs shrinking consumer credit as total debt tops 32.3 billion with 12.6 billion from auto lending. Officials push moral suasion, higher rediscount rates, higher margin requirements, and open market moves. L. Walter Lundell of Universal C.I.T. Credit says auto credit is about a third of the total and borrowers put up 22 percent. GMAC warns dealers against excessive terming and favors a one third down 30 month plan. The Fed may again use wartime authority to curb credit in boom bust scenarios.
MENTIONED IN THIS ARTICLE
Federal Reserve Board
FRB
Turkey
L. Walter Lundell
Universal C.1l.t. Credit Corporation
Lundell
General Motors Acceptance Corporation
G.M
Americans lag in reading despite TV boosts
Observers note Americans read less than people in other countries due to limited book availability. For 165 million people only 1500 bookstores exist, plus one fifth lack library service and two fifths have inadequate access. Distractions like cars and TV hinder reading. authors urge more books accessible locally.
MENTIONED IN THIS ARTICLE
America
Social Science
Congress
Federal Bureau of Investigation
Senate Foreign Relations Committee
Headaches Of A Tax Collector On Congressional Cuts
A Washington tax collector laments how Congress drafts complex tax changes. He cites proposed cuts through lower exemptions and withdrawals, noting how Republicans and Democrats may stumble into new gimmicks. He recalls 1943 simplifications and criticizes the babysitter deduction as barely saving cents, yet supports tax relief amid the wait for cuts.
MENTIONED IN THIS ARTICLE
Washington
Congress
United Feature Syndicate, Inc
Portraits by James J. Metcalfe Why Only Then
Poem reflects on neighborly sympathy and charity during tragedy. It laments indifferent townsfolk until a crisis prompts action by doctors and nurses, stressing communal spirit and daily acts of giving.
MENTIONED IN THIS ARTICLE
Pield Enterprises, Inc
Wisconsin must keep main roads to fit traffic demands
A Wisconsin reader rebuts a Governor Kohler speech claiming US Highway 41 is a modern model. The piece argues Wisconsin farmland dairy economics shaped road policy, prioritizing rural roads over primary highways, and notes funding gaps after a two cent motor fuel tax increase was diverted to local governments.
MENTIONED IN THIS ARTICLE
Wisconsin
Minnesota
North Dakota
Ohio
Pennsylvania
Dairy Foundation of the Agricultural Industry of
State Highway Department
Students of Transportation
Wisconsin Towns Association
Pleasantries Test Between U S and Russia in Disarmament Talks
James Marlow reports on the first Geneva follow up in the UN disarmament subcommittee with Britain France and Canada present. A larger test comes October 27 in Geneva as the Big Four foreign ministers meet.
MENTIONED IN THIS ARTICLE
Washington
United States
Russia
Geneva
United Nations
Britain
France
Canada
$15 Million Break For Reds Prompts Anti Communist Probe
Washington analyzes the Ford Foundation funded Fund for the Republic spending 15 million dollars to counter anti Communist inquiries. The piece cites the controversy over private funds shaping political research and the push to outlaw the Communist party in the United States.
MENTIONED IN THIS ARTICLE
America
Henry Ford
United States
Lawrence
Ford Foundation
Republic
Clinton Rossiter
Cornell University
Communist Party
Congress of the United States
Federal Bureau of Investigation
Congress
Fund For the Republic
Klaus Fuchs
Communist Party of the
Communist Movement
Travel by Air: Ruark’s Lively Field Guide
Robert C. Ruark riffs on mastering air travel for long trips. He jokes about late boarding and seatmates, packing a heavy “bag” of comforts, weight-checked hand baggage, and dress tips to avoid looking run-down after long flights. He hints at more travel guidance to come.
Ten Years Ago Nancy Farnam to Enter Vassar College
From the files of the La Crosse Tribune, Miss Nancy Farnam daughter of Mr and Mrs Robert A Farnam of 212 21st Place arrives at Vassar College to enter the first year class. She is a graduate of Central High School. Dick Archambeau and Charley Becker top the tennis doubles, defeating Leon Miller and Babe Derouin for the crown.
MENTIONED IN THIS ARTICLE
Nancy Farnam
Robert A. Farnam
Vassar College
Central High School
Dick Archambeau
Charley Becker
Leon Miller
Babe Derouin
Also Mentioned on This Page
Frederick C. Othman
Capitol Hill
Bureau’ of Internal Revenue
James J. Metcalfe
Che la Crosse Tribune
T. Burgess
John Wyngaard
Capitol Dome
Madison
Wis
Nant
Upstate
Gov. Koh
Wyngaard
Ek W
James Marlow
the World Today
Eisenhower
U.N
U.S. Senate
Senate
Marlow
The
David Lawrence Dispatch
Reds
Robert C. Ruark
Europe
Surring
Ruark
Mama
la Crosse Tribune
la Crosse
George Freeman
Rob Roy
McGregor
Iowa
Bert Spence
Tommy
Mike Bushman
Harry J. Wilcox
Edward Carlsson
E. W. Leamer
16Th St
Sioux City
Lawerence
Lodi
EB. McCormick
State Department of the American Legion
Stevens Point
William Craigen
Rose St
Pearl Holmes
Logan St
South Dakota
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