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Newspaper
Long Beach Press Telegram
Location
Long Beach, California, United States of America
Date
Mar 29, 1949
Page
2
The Federal Reserve Board cut stock margin requirements to 50 percent, down from 75 percent, saying the move matches the easing credit climate. Marriner Eccles called the step a response to signs of deflation and a healthier economy while noting equity demand remains fragile.
Seoul March 29 Bishop Yang Ju Sam 70 the first Methodist bishop of Korea was arrested on wartime collaboration charges with Japan Special police acted on orders from a committee of 10 national assembly delegates The arrest highlights postwar accountability by religious leaders involved with Japanese wartime administration.
Rome March 29 UP The Italian news agency Astra quoting the Istrian Committee of National Liberation at Trieste said Yugoslav army troops and guerrillas fought a gun battle near the Italian border Sunday night The report was not confirmed The Associated Press correspondent at Trieste cautioned that Trieste is a hotbed of rumors with political motives. Tito has been expelled from the Cominform and at odds with the Kremlin since last summer. Reports say Soviet Russia and its satellites may plan a coup to unseat him but no confirmed report of anything beyond cold war activity.
In Schaffhausen Switzerland five hundred school children helped reinstall the five church bells bombed in 1944 by American flyers who targeted Germany. The church was rebuilt after its destruction and a public ceremony marked the installation. Swiss casualties reached about 50 with city damage pegged at $16 million. The U.S. paid $4 million. Congress considered the remaining sum, with a measure seeking ten of the 12 million still claimed.
Ottawa March 26 UPI Canada's House of Commons approved principles of the North Atlantic Pact by 148 to 2. The principles will go to the Senate for approval, and the treaty will be placed before Parliament for ratification after signing in Washington next week.
The United States Navy will commission the powerful light cruiser Roanoke at Philadelphia Naval Base Monday. Sister ship to Worcester, it cost 30 million dollars, measures 680 feet, 70 foot beam, displaces 17 000 tons, and can reach 33 knots. It carries 12 six inch guns, 10 three inch guns, and six twin 20 mm guns with a crew of 51 officers and 922 enlisted. Captain J D Kelsey of Silver Spring Md will command.
President Truman says he is building a cabinet to meet the "very great age" facing America. He praised outgoing Defense Secretary James Forrestal and welcomed Louis Johnson, noting Johnson's elaborate White House ceremony and Forrestal's receipt of the Distinguished Service Medal.
A New Yorker vows to outshoot and outlive the toughest men as he seeks to lead the Evarts police force in Harlan County Kentucky. Evarts coal community has had five chiefs since last August, with one slain, one wounded, two resigning, and a manslaughter conviction. More than 200 applicants have come forward, including Pearl Katharine Burris of Lexington who promises to restore law without guns. Bill Williams of New York also aims to be chief, pledging to outshoot the roughest locals.
An editor jailed nine times for criticizing Chinese leadership offers political advice to Li Tsung-jen to ignore his wife. Madame Li has begun political activity. Kung Heh-po names Madame Chiang Kai-shek, Madame Sun Yat-sen, and Madame Wang Ching-ei as examples of influential wives linked to failed men.
Delegates to a world peace conference head to American cities on a peace tour after a New York session labeled by the State Department as Communist propaganda. Newark hold planned tonight under New Jersey Council of Arts, Sciences and Professions. Protests loom from veterans groups and others as the touring group plans a roll call for peace to be presented to President Truman on Memorial Day.
In ACLA Kansas, coroner reports starving sisters Mandy Stach ting 65 and Mattie Stach jing 63 were found under bed cloths amid stacked piles of food and clothing. Brother Albert P. Stachling 70 lies dead about 10 days, likely from malnutrition. Sheriff and county attorney order investigation into the scene and locked house.
Four year old Paul J Hastings Jr. is reported fine after firing a bullet through his head. The bullet entered under the chin and exited through his head while the child rode in an automobile in Salisbury Massachusetts.
Weymouth officials ruled that six year old Newfoundland Dixie must be restrained until removed from town after twenty eight neighbors labeled the dog a public nuisance. Owners Mr and Mrs Neal A Baker faced requests to destroy or exile Dixie, while 117 signatories defended the dog as gentle and protective to children. Dixie sat quietly during the hearing, glancing at supporters and opponents.
LAFAYETTE Ga March 29 UP A preacher was acquitted on assault and battery charges yesterday while his wife was fined $25 for contempt of court.
Sen Taft says a gradual decline in prices may prevent an economic crash and opposes stand by price wage controls. He notes living costs have fallen five months and expects further price declines while warning against artificial supports. He cites consumer demand and suggests profits will ease as competition returns.
In Rossville Georgia Mrs W J Heflin wife of Rev W J Heflin pastor of Happy Valley Baptist Church cheered loudly over a Walker County Grand Jury verdict charging him with conspiring to map a church deacon. She celebrated by paying a fine despite the outcome.
In Huntington Pa on March 29 Joseph H Brady Jr a junior ministerial student at Juniata College from Altoona Pa reported theft of 120 sermons and a dollar from roomate Jack F Padgett of Haddonfield New Jersey. The sermons were to be tested at Grier School for Girls near Tyrone Pa.
Kaiser-Frazer Corp, the industry fourth largest, announces the biggest postwar car price cuts to widen mass market access. Edgar Kaiser becomes president, succeeding Joseph W. Frazer as vice chairman. Frazer remains on the board. Price cuts range 198 to 233 dollars, effective immediately, with Kaiser Special and Frazer Manhattan among models benefiting. Kaiser-Frazer produced 181,000 vehicles last year.
In Portland Maine on March 29 prosecutor charged Margery Clukey 25 and Robert B Curlew 30 with murder over a plan to kill her husband George Clukey 27 by fiery death. Clukey died in a blaze at a shack on March 21. City attorney Daniel C MacDonald said the widow admitted last night that the plot targeted to remove her husband with Curlew.
Pittsburgh dispatch reports United Mine Workers members east of the Mississippi followed John L. Lewis’s call ending a two week mine stoppage. Railroads quickly reattached locomotives to coal cars and many operators expect full crew back by next week. Norfolk & Western and Virginian Railway say all mines along their routes are operating.
Tom F. Hott, 32, of Springfield, DL, was found dead on a Nashville sidewalk near a downtown hotel. Hott apparently fell from his seventh floor room. His roommate Fred C. Fee of San Diego reported he was asleep at the time. Both men were connected with the National Life and Accident Insurance Co and in town for a company superintendent's school.
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