Federal Reserve as watchdog over economic climate
The article explains how the Federal Reserve System, led by Chairman William McChesney Martin Jr., influences everyday borrowing costs and credit availability. It uses a Centerville hardware store loan example and a margin buying scenario to illustrate how reserve requirements shape loan access, interest rates, and price levels through the banking system and currencyCredit dynamics, reserve ratios, and the central bank’s role in stabilizing the economy are discussed as the system’s core tools.
MENTIONED IN THIS ARTICLE
Washington
John Smith
John
Reserve Board
Federal Reserve System
Joe Jones
Jones
Uhen
Ares
Fed
Esc
Syswe
Supreme Court of Money
Naw Board of ‘Governors
Boston
New York
Philadelphia
Cleveland
Richmond
Atlanta
Kansas City
Dallas
San Francisco
Federal Reserve Bank
Uncertainty over defense of Chiang islands examined
James Marlow analyzes U S hesitancy on whether to defend Chiang Kai-shek held Que moy Matsu offshore islands amid Red China threats. Eisenhower Dulles and Defense officials give guarded statements, suggesting no final decision and aiming to avoid sharpening forged commitments until clearer strategic value and costs are weighed.
Divorce Suit Filed for Henrietta Clark and Charles Clark
Henrietta Clark files a divorce suit against Charles Dwight Clark in district court on Tuesday. The action names both spouses and requests legal relief in the division of property and statements of grounds for dissolution.
MENTIONED IN THIS ARTICLE
Henrietta Clark
Charles Dwight Clark
Special pad worn by Rangers defenseman in NHL games
New York Rangers defenseman Ivan Irwin sports a football style shoulder pad during all NHL games to protect a collarbone injury that had sidelined him for seven games. The pad allows his return to action while preventing further damage.
MENTIONED IN THIS ARTICLE
New York
Ivan Irwin
New York Rangers
Ninth Grade Chooses Wizard of Oz for Annual Play
Ninth grade pupils selected Wizard of Oz for their annual spring production to be staged April 15 and 16. Two alternating casts will perform matinee and evening shows, with teachers and parents assisting on costumes, scenery, and other needs. Mrs. Deal Six, director, notes the tradition and revival of fantasy popularity and PTA committees will assist with the production.
MENTIONED IN THIS ARTICLE
Deal Six
Lyman
Frank Baum
Dorothy
Kansas
Land of Oz
Red forces mass for Foochow reinforcements report says
Taipo News Agency reports Chinese Reds preparing for reinforcements to Foochow capital of Fukien to be used against nearby Matsu Islands. Reds requisition Foochow homes and buildings for billets and organize a popular welcome. Last night Amoy shelling of Tatan Island claimed without effect. No confirmed joint command for navy or air force.
MENTIONED IN THIS ARTICLE
Taipet
Formosa 2
Foochow
Fukien
Matsu Islands
Taiao
Interior Ministry
Red
Tatan
Amoy
Chiang Kaishek
Navy
Air Force
Weather For Other Areas
There was a trace of wintry weather in the Northeast and some northern border areas but it was springlike in most other parts of the country today. Temperatures in the 40s were reported from the upper Ohio Valley westward across the Central Plains with a few 40s as far north as Montana and South Dakota. Readings in the 50s prevailed in Texas and as far north as Missouri and along the southern border states to California. They were in the 40s northward along the Pacific Coast and in the 30s through the Rocky Mountain states.
MENTIONED IN THIS ARTICLE
Appalachians
Uuper Ohio Valley
Central Plains
Montana
South Dakota
Texas
Missouri
California
Pacific Coast
Rocky Mountain States
Release Under Bond for Man Arrested on Marijuana Charge
The star Dean Perry of 812 La. St. posted 32 500 bond and was released from county jail on marijuana possession charges. Of four men arrested February 28 on similar charges only Richard Elliott Barker of 632 Mich. S. remains unbonded. All are bound over to the May term of Detroit Court for trial.
MENTIONED IN THIS ARTICLE
Dean Perry
la. St
Richard Elliott Barker
Mich. S
Knowland Sees Islands Nonnegotiable in Any Deal
Sen. Knowland asserts Quemoy and Matsu will not be part of any bargain with China. He and Sen. Smith stress maintaining Chiang Kai-shek’s forces on Formosa to deter communists, citing the strategic need for Quemoy and Matsu as bases. Secretary Wilson warns losses would affect Formosa defense, while Eden’s proposal drew criticism.
MENTIONED IN THIS ARTICLE
Washington
Eisenhower
Quemoy
Matsu
Chiang Kai-shek
Dulles
Wes Marlow
Chiang
United States
Sen
Knowland
R-Calif
Senate
Anthony Eden
China
Wilson
Matsy
Formosa
H. Alexander Smith
R-Nj
Korea
Indochina
Smith
Quemoya
Kiss of death touches Steelers in NFL draft
The NFL lottery for new players is a Kiss of death for the Pittsburgh Steelers. Of 19 players named by the Steelers as their No. 4 draft choice, nine failed to make the grade or refused to play pro football. None of the remaining 19 has proven an outstanding star.
MENTIONED IN THIS ARTICLE
Pittsburgh
Pittsburgh Steelers
Steelers
Also Mentioned on This Page
Eral
Atchdog
Edffor
Senwand
William McChesney Martin Jr
By Frank O'Brien
By James Marlow
Associated Press News
Red China Coast
Pescadores Islands
Congress
Pescadores
Chiang-held Islands
Senate Foreign Relations Committee
Asia
Ben
Western Pacific
Southeast Asia
Philco Appliances
Divans
Rex
tyle—Damask’ Latary, i
Conrouene
Re Ue
Eala
OtcAhernie Dormeyer
Hamilton - Besc
Weer
Majer Boi
Formica
Conlon
Yale
Haaveweinh
Wnglander
Gize
Cme
Hardwick
Tim Raa
Jeremy
Emerson
Lisclewm
Islands
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