Increase Will Hit Individuals and Business
President Truman urged Congress to prompt a 5 billion dollar tax rise aimed at individuals and business to fund a 10.5 billion dollar military spending increase. He proposed restoring 1945 personal rates, raising corporate tax to 25 percent, and altering exemptions, with cuts to wartime levies to be dropped.
MENTIONED IN THIS ARTICLE
Washington
Truman
Congress
Sen
George Jd.gai
Trumman
House
Senate Finance Committee
George
Cabinet to Meet Twice Weekly Amid Korean Crisis
Washington July 25 The Korean crisis has prompted President Truman to schedule cabinet meetings twice a week to ensure coordinated response to unsettled world conditions. Key officials from major departments will participate in these regular sessions to review developments and policy options.
MENTIONED IN THIS ARTICLE
Washington
Truman
Stalin to Block World War, Says Johnston
London. Eric Johnston, U S movie czar, predicts Russia will avoid World War III while Stalin lives. He believes no actual war with the Soviet Union will occur now, noting Stalin’s reactions to Hitler’s 1939 strategy and calling Stalin an old man unlikely to start wars.
MENTIONED IN THIS ARTICLE
London
Eric Johnston
U. S
Stalin
Russia
Soviet Union
Johnston Seid
American Chamber of Commerce
Hitler
Commerce Chieftain Urges Solons Rush Truman Requests
Secretary of Commerce Sawyer urged Congress to quickly grant President Truman broad control powers over scarce materials and credit terms to guide defense spending. He warned that current powers may not suffice if military costs rise and called for action to curb hoarding and price hikes while defending tax increases to fund expansion.
MENTIONED IN THIS ARTICLE
Ashington
Secretary of Commerce
Sawyer
Senate Banking Committee
Congress
Truman
Senate Committee
Commerce Chief
Rainfall in El Centro Totals .69 Inches for July
El Centro recorded a sudden downpour of 54 of an inch in 15 minutes yesterday. Together with Sunday’s rain, July totals reached .69 inches, far above the usual .08. Power and telephone service were briefly disrupted.
MENTIONED IN THIS ARTICLE
EL Centro
Reserve Officers in 16 Categories Sought by Army
The Army issued a call for reserve officers at company grade to volunteer for service in 16 categories. The greatest need is for lieutenants and captains in the medical and dental corps, engineers, and infantry. It also seeks chaplains, ordnance, signals, finance, chemical warfare, armored force, field and coast artillery, Army nurses, and women’s medical specialists. Volunteers must meet age and physical requirements and follow special application channels as stated. Recalled officers must report within one month after orders are issued.
MENTIONED IN THIS ARTICLE
Washington
Army
Medical and Dental Corps
Engineers
Infantry
Chaplains Corps, Ordnance, Signals
Finance
Chemical Warfare
Armored Force
Field and Coast Artillery
Army Nurse and
Women's Medical Specialist Corps
National Guard
Adjutants' General
Accused U S Aid Identified by Senate Remarks
Senator Morse disclosed the identity of Edward Posniak as the State Department official accused by Senator McCarthy of being a communist. The disclosure followed an affidavit Morse signed attesting to Posniak's loyalty, after McCarthy claimed airtight proof against an important official.
MENTIONED IN THIS ARTICLE
Washington
Sen
Morse
R.ore
Senate
Edward G. Pos‘niak
State Department
McCarthy
R.-Wis
McMahon
D.-Conn
Posniak
Mr. X
Enlistment freeze bill passed by House amid Korea clash
The House approved, sending to the White House a bill freezing all military enlistments for a year beyond current expirations. It affects about 145,000 Army, 62,000 Navy, and 88,000 Air Force personnel, with President Truman needing only to sign. Republicans assailed Defense and State policy amid calls for accountability over Korea reserves.
MENTIONED IN THIS ARTICLE
Washington
House
White House
Senate
Truman
Armed Services
Vinson
D.-Ga
Armed Services Committee
Navy
U. S
Korea
Rep
Short
R.-Mo
O. P
House Armed Services Committee
State Department
Defense
Johnson
Barker Vinson
lHouse
United States
U S to Get 5000 More War Planes
Secretary of Defense Johnson announced at the White House that more than 5000 war planes will be added to the nation’s air strength. He spoke after meeting President Truman and Secretary of the Navy Mathews and praised the troops in Korea, promising a different story a month from now.
MENTIONED IN THIS ARTICLE
Washington
Defense Johnson
Johnson
Truman
Navy Mathews
White House
Korea
U N Hears Russia Overdoubling of Tax and Korea Aid
Lake Success July 25 United States warns UN that external forces aid Communist North Korea. Report to Security Council on Gen MacArthur war view notes NK forces numbered 90,000 to 100,000 and that the U N hold in the south is a secure base. Senate committee agrees to hefty social security tax increases over 20 years, expanding old age and survivors coverage to 45 million with higher benefits.
MENTIONED IN THIS ARTICLE
Republic of South Korea
MacArthur
United States
U. S
Tokyo
U. N
Korea
Republic of Ko
VV AsHindon
Senate House
Firm Curbs Vital Now Solons Told
The Federal Reserve Board told Congress that without rapid strong controls on installment buying and home mortgages the nation will face serious gray market and price spirals. It cited the Korean crisis triggering a nationwide buying spree amid inflation risks, outlining views on Truman mobilization. Gray markets are legal but involve higher bids for goods.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve Board
Congress
Reserve Panel
Truman
Senate
House Banking Committees
Allied Carrier Planes Blast Advancing For Tokyo
American ground forces abandoned Yongdong under frenzied Communist attacks amid the southeast Korea perimeter. First Cavalry fought waves of assault then quit Yongdong as MacArthur warned further withdrawals may be necessary. Air strikes by U S and British carrier planes struck enemy troops reaching the south coast as the Fourth Division advanced toward Pusan edging north of Kanggu with minor gains for South Korean defenders.
MENTIONED IN THIS ARTICLE
Tokyo
Yongdong
Korea
First Cavalry Division
Taejon-Yongdong
MacArthur
Yongdong Isto Tueaday
Udeld
Korean Peninsula
U. S
North Korea
Rede
Gide
Pusan
Kanggu
Atomic bomb would be uneless in Korea fighting, scientist says.
Renowned physicist warns that a nuclear strike in the Korea theater would escalate the war and devastate regional stability. The expert notes that deterrence and diplomatic pressure remain critical as military actions unfold.
MENTIONED IN THIS ARTICLE
Korea
U.S
Also Mentioned on This Page
Johnston
Manchuria
South Korea
38Th Parallel
A. P. Wirephoto
Commerce
Solons
U.S. Aid
Pyontaek
Seoul
Taejon
Associated Press
O. K
Boyle
Womap
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