Government to Open Large Scale Borrowing to Banks
The federal government will start the heaviest borrowing since World War II on July 1 to fund defense expenses. It will issue six year 2 percent bonds and invite banks to buy, signaling a shift to bank financing that could boost money supply and lift business, though outcomes remain uncertain.
MENTIONED IN THIS ARTICLE
Charles Molony Washington
Piz
Treasury Han
Treasury
Spider
Louisiana State University School of Banking
Truman
The
Local clubs host luncheons and scouts event at Hilton and church
A Ladies Day luncheon for Lubbock Jayvees and guests is planned at the Hilton with Al Belous as program chair and Dr. J. W. Kinard presiding. Scout Court of Honor and potluck supper for Troop 4 meets at First Presbyterian Church with Donald Cunningham presiding. Also noted are military family updates, Air Force enlistments, and Maj. Nadell's return from Air University in Montgomery.
MENTIONED IN THIS ARTICLE
Hilton Hotel
Lubbock
Troop 4
First Presbyterian Church
Donald Cunningham
A. B. Hunt
Joseph J. Nadell
Maxwell Air Force Base
Montgomery
Ala
Air University
Donnie
Well Produces Hot Water After Quake
An earthquake on April 9 shifted geological formations and caused the Perrett family well near Arlington to yield hot water. The five year old, 18 foot deep well previously gave only cool drinking water. Tests reached 115 degrees, suitable for dishwashing, as Dr. John Murchison noted geologists’ agreement on deep seepage.
MENTIONED IN THIS ARTICLE
Arlington
Austin
Omaha
Neb
W. K. Perrett
Perrett
Here
John Murchison
Arlington State College Chemistry Department
Economist Claims Consumers Usually Behave Like Sheep
In Austin on June 14 Dr Edwin G Nourse former chairman of the Presidents Council of Economic Advisors says consumers behave like sheep. He spoke during the first week of a University of Texas workshop on economic education noting that after Korea the public overbuilt inventories and now sits on its hands as he describes a self created scarcity with stores overstocked and prices rising or falling.
MENTIONED IN THIS ARTICLE
Austin
Edwin G. Nourse
President
Army private gets death sentence for officer killing
Pvt. Michael Kunak of Baltimore was sentenced to death by a general court martial at Fort Hood Texas for fatally shooting 2nd Lt Harold Williamson of Washington NC during Exercise Longhorn. Kunak described a powerless impulse and admitted firing a carbine after entering a mess tent. The sentence awaits higher review.
MENTIONED IN THIS ARTICLE
Fort Bragg
N.C
Texas
Michael Kunak
Baltimore
Harold B. Williamson
Washington, N.C
Kunak
Fort Hood
Williamson
Robert Mooney
Indianapolis News
Kurak
Former Steel Leader Opposes Compulsory Union Shop
Irving S. Olds retired U. S. Steel chairman spoke at Drexel Institute of Technology defending steel industry stance against compulsory union membership. He criticized the CIO United Steelworkers as seeking a union shop amid a 650,000 member strike and urged protection of workers freedom to choose.
MENTIONED IN THIS ARTICLE
Philadelphia
Irving S. Olds
U. S. Steel Corporation
Steel Industries
Drexel Institute of Technology
Olds
CIO
United Steelworkers
Philip Murray
Wage Stabilization Board
Charges Fly On Social Security Reform Debate
Washington reports from June 14 describe Rep Reed accusing Democratic leaders of hoodwinking the public by rewording a social security provision. The measure, sponsored by Rep Kean and backed by Rep Doughton, seeks to raise benefits for millions and allow regulatory rules by Ewing, while Republicans push for larger increases and oppose the backroom rewrite. Also noted is Lt Col R N Harrison of Bristol, England, who died after serving as best man at 47 weddings.
MENTIONED IN THIS ARTICLE
Washington
House
Reed
N. Y
Ways and Means Committee
Rep. Kean
N. J
Coughton
Ewing
American Medical Association
Congress
Doughton
N. C
R. N. Harrison
Bristol
England
Also Mentioned on This Page
Broadway
Norm Advertising
Ime
First Federal
14Th St
Mac Federal
Labbock
Tom L. Biggs Sr
9Th St
Cpl
Billy Biers
Fineland
Air Force
Bigrses
Biggs Sr
Tom Jr
Dwicht
Dwight
Marines
M. H. Adkisson
17Th St
Dan Adkisson
Honolulu
Billy Dale Meek
Robert W. Reitz
Texas Tech
Lubbock Army Air Force
Meek
Euna Meek
Borden's
Reitz
Tech
Nathaniel Secrest
C. B. Hardin
Louie Moore
Bob Rose
J. W. Mee Kee
Lloyd Buzan
Hub Toastmasters Club
Jessie Bociford
Harry L. Mayes
Winston Robertson
Preston Smith
Ed S. Davidson
Dairy Queen
19Th & M
10Th & College
Economist
Tex
Avelanche-Journal
Sec
I. Pege
Ways and
D-N.c
Artemis
Dunlap’'S
Lubbock, Texas
M.O
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