U S Army to Ask for More Money for Armament Drive
Washington reports the U S Army plans to ask Congress for about 3 000 000 000 in new defense funding. Requests include 1 000 000 000 for 3 600 bombing planes, 1 600 000 000 for guns tanks and other material, and 400 000 000 for additional munitions plants to support 4 000 000 in emergency.
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Public Debt Passes the Former Statutory Limit
The treasury announced the public debt exceeded the old limit of 45 billion dollars, reaching 45,001,757,537.88 by December 30. The new limit is 49 billion, with plans shown by Secretary Mor renthau to raise toward 65 billion due to anticipated defense costs.
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LaGuardia Named Honorary Chair Of Defense Group In New York
Mayor Fiorello LaGuardia becomes honorary chairman of the New York chapter of the Committee to Defend America by Aiding the Allies. He remarks on William Allen White’s stance, proposes a split into a deeds committee, and pledges militant opposition to Nazi agents and appeasers.
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Bette Davis surprise marriage to Bostonian Farnsworth
Hollywood hears of Bette Davis marrying Arthur Farnsworth a Boston hotel assistant manager in a New Year ceremony at Rimrock Arizona ranch home of Justin Dart. Davis aged 32 had been divorced from Harman Nelson while Farnsworth was divorced from Betty Adeylotte.
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Summary of major 1940 congress legislation
Washington summary of enacted laws through 1940 session covers appropriations of nearly 17 billion dollars cash plus 8.6 billion in contracts, defense expansion and first peacetime conscription, tax changes including corporate profits, tobacco and alcohol taxes, debt limit to 49 billion, trade pacts, Hatch act extensions, farm and soil programs, and relief funding for WPA and related activities.
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Churchill Named Time Man of the Year 1940
Winston Churchill, British prime minister, today was chosen by Time magazine as the man of the year for 1940. The selection follows the magazine’s annual pattern, with Adolf Hitler last year and Joseph Stalin the year before. Lawrence Business College advertises a term opening January 6.
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Time Magasine
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