Move to Tax Excess Profits Gains Support
On Capitol Hill demands rise for a multi billion dollar excess profits tax on corporations to curb profiteering. A broader tax bill may replace the current excise tax stashing measure, with possible higher personal income taxes to fund aid and inflation reduction. President Truman signals intent to seek more taxes to finance defense and anti inflation goals, sparking debate on timing and scope. Senate and House leaders urge action, but major tax legislation likely not before November or January.
MENTIONED IN THIS ARTICLE
Washington
Capitol Hill
Congress
Truman
O'Mahoney
Dwyo
Senate House Economic Committee
Sen
Russell
D.-Ga
Sen. Aiken
R-Vi
Truman Puts Peace or War Decision on Moscow
President Truman’s push to rally American power against Communist expansion assigns Moscow the choice between all-out war and peace. Washington officials say the Kremlin holds the initiative as the Atlantic Pact allies begin expanding military production and consider German manpower and industrial output to support western defense.
MENTIONED IN THIS ARTICLE
Ashington
Truman
Russia
Prac
Moscow
Kremlin
Mhay
United States
Possa
Turis
Otronventene
Pons
Washington
Defense Department
Congress
Allens
West
Germany
United
Three Found Dead in Plane Wreck Near Eureka
The bodies of three men were recovered from a small chartered plane that crashed en route to Montague Gali. Pilot Frank Ralston of Eureka and Don Ramsey and Ken Pee Perrine of Ashland were identified. A fourth man, Eugene La Bella of Ashland, was believed aboard but not found.
MENTIONED IN THIS ARTICLE
Eureka
Montague
Gali
Frank Ralston
Don Ramsey
Kenpee Perrine
Ashland
Eugene LaBella
Brush Fire Rages in Whittier Hills
A brush fire erupted north of Whittier and swept into the Sycamore Turnbull canyons as strong winds pushed flames across lines. Fire crews battled the blaze through the day hoping for containment by nightfall.
MENTIONED IN THIS ARTICLE
Whittier Hills
Whittier
Tornado Injures 30 in Lima Ohio and Damages Homes
Severe storms sweep the Midwest with heavy rainfall and a line of thundershowers from Wisconsin to New York. A tornado hit Lima Ohio injuring 30 amid heavy property damage. another tornado struck Van Wert Ohio. a lightning fatality was reported near Quitaque Texas.
MENTIONED IN THIS ARTICLE
Lake Superior
Michigan
Upper Peninsula
Grand Marais
Wisconsin
Illinois
Lower Great Lakes
New York
Pennsylvania
Tennessee
Kentucky
Ozarks
Oklahoma
Wyoming
Montana
Ohio
West Titoga
Quitaque
Texas
Lubbock
Ropesville
Lima
van Wert
Unorthodox Gamble Pays Off for U S in Korea
Tokyo July 20 AP reports failure of the Han River line south of Seoul led to a desperate decision to commit American infantry by air and sea. Gen. MacArthur says North Korea lost a chance for victory as Allied air power and naval actions slow the Red advance and a rapid amphibious effort lands troops and supplies to hold the Pusan perimeter and push back the invaders.
MENTIONED IN THIS ARTICLE
Tokyo
Han River
Seoul
United States
MacArthur
North Korea
Han
Pusan
Suwon
U. S
Korea
Afr
Pyisan
Navy
Air Force
Sion
South Korea
Tides and Temperatures Friday July 21
Coastal forecast from Long Beach Lifeguards lists sunrise at 5 57 p m and sunset at 8 01 p m Moonrise 12 36 a m Moonset 5 p m high tide 1 47 at 4 m 3 9 ft low 8 06 at 06 a m lift 9 54 p m 16 water temp 69 surf calm US Coast and Geodetic Survey statistics include Wednesday weather figures.
MENTIONED IN THIS ARTICLE
U. S. Coast and Geodetic Survey
Long Beach
Navy Orders 15 More Ships for Korea Duty
In San Francisco on July 20 the Navy ordered 15 additional ships, 12 from mothball fleets, to be fitted for cross Pacific transport to support UN forces in Korea. Eleven ships will come from the Suisun Bay reserve fleet and the USNS Sgt. Sylvester Antarak from Olympia. Three cargo ships will sail from the Atlantic Fleet. Six Navy and hospital ships are being reactivated and 20 cargo ships were previously ordered out. MSTS seeks seamen, firemen, oilers, water tenders. 2,000 Bay Area naval-base jobs rush to fill. Alameda NAS offers 570 skilled posts on a 48-hour week. Other defense moves: Mayor Mead seeks $100,000 for disaster council. four Pacific states governors wrap civil defense talks in Seattle. L.A. DPW to guard 300 miles of water-supply pipeline. recruiting climbs as navy enlists 309 in eight days, army 146, air service 136, marine 5. Sacramento boards quotas postponed. some men to be called for physicals in L.A. soon.
MENTIONED IN THIS ARTICLE
San Francisco
Navy
Pacific
United Nations
Korea
Military Sea Transport Service
Suisun Bay
Calif
Ithe Usns
Sylvester Antarak
Olympia
Wash
MSTS
Bay Area Naval Bases
Alameda Naval Air Station
Dewey Mead
Army
Air Seeree
Marine Corps
Water department guards against red sabotage in L A
Samuel B. Morris, head of the city water and power department, said Los Angeles water and power lines including the Owens River aqueduct and transmission lines are under constant land and air patrols. He stated the city is treating the situation as a war scenario amid potential Communist sabotage.
MENTIONED IN THIS ARTICLE
L. A
Los Angeles
Samuel B. Morris
City Water and Power Department
Owens Wer
Morris
Wild 80 mile chase ends with 60 day stay in jail
Los Angeles report describes a high speed pursuit along the Ramone Freeway. Suspect Gerald is to spend the next 60 days in custody after the police chase ends. The incident occurred on July 20 and involved officers pursuing a vehicle at 80 miles per hour.
MENTIONED IN THIS ARTICLE
Cailed
Los Angeles
Ramone
Freeway
Gerald
Dora
Truman Proposes Broad Home Front War Powers
President Truman's proposed economic mobilization bill would give the federal government wide home front powers, including allocation of materials, control of civilian production, and possible government ownership of steel mills for defense needs. The plan also envisions higher taxes, expanded credit controls, and mandatory pay-as-you-go financing for a $10 billion arms program, with emphasis on avoiding consumer shortages while limiting hoarding and inflation.
MENTIONED IN THIS ARTICLE
Truman
Congress
Mr. Truman
Secretary of Commerce
Sawyer
Federal Reserve Board
Defense Department
Fantastic says atom spy suspect Rosenberg
Julius Rosenberg, 32, accused of conspiracy to commit espionage for passing atom bomb secrets to Russia, says the charges are fantastic and childish. He was arrested by the FBI and is held on $10,000 bail. His attorney says he laughed at the charges and called them fantastical.
MENTIONED IN THIS ARTICLE
New York
Julius Rosenberg
Russia
Promam
FBI
Rosenberg
Emanuel H. Bloch
Lone Ranger
Atto
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Washington, PLC
D. C
Corcoran Art Gallery
John Henry Kaiser
Port Washington
Wis
G. E. Mace
Iowa
A. Nilson
Utah
W. F. Moffett
Vaz
W. H. Slaton
Washington, Ga
F. ( Settle
Washington, N. J
Associated Press
Frances M. LE May
By John M. Hightower
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OS Agate Orth
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Portand
Ore
Judy
Collie
Pat
Rome J. Frese
Quincy
Ill
A.P. Wirephota
George Ferrill
Selective Service
Atom-spy
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