Reserve Board Head Leary of Credit Ban
Federal Reserve Chairman William McChesney Martin warned that banning credit in stock purchases would cause undesirable effects and urged careful consideration. He avoided a direct stance on raising margin requirements and noted that credit-driven purchasing is not the sole driver of market prices while stressing regulation can curb speculation but not prevent all excesses. The inquiry, seen by some as a cause of recent price breaks, is described as useful and constructive for evaluating the economy’s underlying strength.
MENTIONED IN THIS ARTICLE
Washington
William Mac
Martin
Federal Reserve
Senate Banking Committee
Tom
Tne
Tin
Senate
New York
EF Han
Federal Reserve Board
LAUDS
FRB
Wall Street
Heart Attack Fatal to Bank Executive Arnold S Txehuey
Arnold S. Txehuey a 53 year old banker from New York and San Francisco died after a heart attack Saturday night following a dinner at the Tennis Club in Palm Springs.
MENTIONED IN THIS ARTICLE
Palm Springs
Arnold S. Txehuey
New York
San Francisco
Sweden Expels Romanian Czechoslovak Spy Ring Suspects
Sweden orders all Romanian and Czechoslovak legation officials to leave after police uncover two nationwide spy rings. Public prosecutor seeks arraignments next week and Foreign Minister Unden may summon diplomats for stern talks. Authorities say rings operated independently but were tackled in parallel to prevent tipping off the other.
MENTIONED IN THIS ARTICLE
Stockholm
Sweden
Romania
Czechoslovakia
1Lth
Forelher
Goteborg
Werner Rhy
Minger
Oesten Unden
Sweren
Aid to Asia stepped up reports reveal ramped foreign aid
A July December 1954 Foreign Operations Administration report to Congress notes a significant acceleration of U S aid operations in Asia with 2 809 billion dollars in new appropriations for the fiscal year and 2 5 billion in prior funds. The document highlights a shift from Europe to Asia Africa and Latin America and cites large arms and equipment transfers and mutual security programs.
MENTIONED IN THIS ARTICLE
Washington
Asia
Congress
Foreign Operations Administration
Harald Stassen
Far East
Step-Lp
Southeast Asia
Western Pacific
FDA
Eisenhower
United States
Free World
Europe
Africa
Latin America
Fisenhowers
Tax debate rages as Johnson splits with Humphrey over cut
Washington Lyndon B Johnson attacked Humphrey over the proposed individual income tax cut as the Senate resumes debate. Democratic leaders argue the plan shifts benefits to business, while Republicans forecast defeat. Senate votes are seen as tight with party leaders predicting a narrow outcome. The measure would cut income tax by 20 dollars plus 10 dollars per dependent for those under 5000 dollars yearly, with timing starting January 1.
MENTIONED IN THIS ARTICLE
Washington
Lyndon B. Johnson
Texas
Senate
Secretary of the Treasury
Humphey
Johnson
Humphrey
Tocallon
Treasury
Andrew Mellon
Congress
Pittsburgh
Knowland
Calif
Eisenhower
Tell Neiwsmen
White House
Sen
Smathers
D-Fla
Kerr
B-Okla
Former GI Forget Where 4000 Left
A discharged Army corporal from Williams California, Henry F Hyden 3% claimed to have left a $4000 discharge and disability benefits check with a Market Street bartender as security on a $10 loan. He said he later woke unable to recall the location of the check.
MENTIONED IN THIS ARTICLE
Ban Prancisoy
Henry F. Hyden
Williams
Calif
Hyden
Letterman Hospital
Market St
Finest Hearing Aid Ever Made Model 830 Radiocar
In its sixth year we present what we believe to be the finest hearing aid in the world the new Model 830 Radiocar. It combines power and tonal fidelity in a tiny instrument with tonal realism that will be a revelation to users. It promises the most pleasant and satisfying experience in modern hearing help and reflects 30 years of achievement in timbre depth volume and clarity. Radiocar features Bi-Polar magnetic microphone pioneered in 1946 and many patented features.
MENTIONED IN THIS ARTICLE
Radiocar
Butler Says Eisenhower Won't Run in 1956 Return
Atty Ernst Walker, jailed on assault with intent to murder charges after shooting his wife and a neighbor in North Hollywood, arrived from Guadalajara to surrender. Paul Butler, Democratic National Chairman, said Eisenhower will not run in 1956, citing dissatisfaction with office and broken campaign promises.
MENTIONED IN THIS ARTICLE
Ernest E. Walker
Charles Stewart
Los Angeles
Wilshire
Walker
Butler
Eisenhower
Ernst E. Walker
iWishire Blvd
Hollywood
Assa
Alice
Guadalajara
Mexico
District, Attorney's Office
Jack’ Leff
Canoga, Park
Walkers
North Hollywood
Leff
Billings
Mont
Paul M. Butler
Democratic Party
White House
Butter
Detroit
Mich
Jeferson-Jackson
Deplore Public Row Over Red Fuel Ship
Washington reports say Sen Jackson urged Congress to stop giving public advice on Formosa policy. Sen Knowland proposed intercepting a Finnish tanker en route to China, while Sen Morse warned against actions that could trigger war. Mansfield decried overtalk on policy and urged secret diplomacy, as McClellan prepared a probe into Western trade with Red China. State Dept notes Aruba was chartered by a Chinese Communist owned concern in Hong Kong.
MENTIONED IN THIS ARTICLE
Washington
Jackson
D-Wash
Congress
Eeehower
Formosa
China
Sen
Knowland
California
Aruba
Romania
George D-Ga
United States
Neapolis
defend-Formosa
le Mansfield
D-Mont
McClellan
D-Ark
Senate Investigations Subcommittee
State Department
Hong Kong
Cony
Also Mentioned on This Page
East Harlem
Celia Gaines
Evaristo
Evaristo Jr
Gaines
Reserve Board
Leary of
Credit Ban
Vestcar
Fulbright Committee
Prokers
iAlka-Seltzei
Factory Fresh
14Th St
Wyatt Gibbons
Radioear
By Jack Bell
Morse
D-Ore
Yeloz
Velor
Yolanda
E. Broadway
Leo Shuliz
Long Beach
Bigelow
Sanford
Firth Waite Western Pierce Smith
Cordalon
Beauvais
Waikiki
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