Small Business Gains Ride on 85th Congress Concessions
The 85th Congress enacted three major laws boosting the Small Business Administration and creating new capital banks to aid small firms. Tax changes allow larger investment deductions and easier estate tax payments, while new SBI investment firms aim to provide long term capital with SBA support and private bank participation.
MENTIONED IN THIS ARTICLE
Sterling F. Green
Washington
Small Business Administration
Uncle Sam
SBA
Congress
SBI
Addi
Wendell Barnes
Leaders Differ Over Spending
Washington AP reports two top administration officials clash over a possible freeze on more than one billion dollars in extra defense funding largely for weapons. Pentagon also defers further military manpower cuts for several months amid questions about budget and strategy debates.
MENTIONED IN THIS ARTICLE
Washington
Pentagon
Sec. of Defense
McElroy
Maurice A. Stans
Congress
Eisenhower
Stans
Formosa
Red China
Marine Corps
Ice Box Raider Department Aboard Nautilus
Aboard the Nautilus at New London CT an ice box raider department sustains midnight snacks with leftovers, cold cuts, cheese, coffee and a soft drink machine in the crew mess room. The submarine keeps a coffee pot always on and notes limited radio reception when submerged.
MENTIONED IN THIS ARTICLE
Frank Carey
New London
John Aberle
New York
North Pole
Polar Bear Land
Reykjavik
Iceland
AFL-CIO Warns Of Unemployment In Postwar Era
The AFL-CIO says unemployment remains high at 7.6 percent of the labor force, the worst postwar rate aside from one month in 1949, despite a Federal Reserve Board report of renewed business activity and a 2 percent rise in factory and mine output. Steel ingot capacity climbed to 61 percent, with September at 63 percent, even as auto industry activity fell due to retooling shutdowns.
MENTIONED IN THIS ARTICLE
Washington
UPID
Afl-Cio
Labor Organization
Federal Reserve Board
Valley Farmers Lose Blanket Plowup Extension
Pharr Texas AP State Agriculture Commissioner John White said there would be no further blanket extension of the cotton plowup deadline in the Lower Rio Grande Valley. Individual extensions may be granted for hardship cases with farmers advised to discuss their situation locally.
MENTIONED IN THIS ARTICLE
Pharr
Tex
John White
Rio Grande Valley
Dallas Ingle
State Agriculture Office
White
Department
Miss Space of 1958 Crowned in Dallas Pageant
Suzanne Adams, 20, of Dallas, was named Miss Space of 1958 on Saturday. Capt. Jim Rose of the 135th Air Defense Wing, TANG, presented the crown alongside her sponsors. Adams measured 37-22-36.
MENTIONED IN THIS ARTICLE
Suzanne Adams
Dallas
Jim Rose
135Th Air Defense Wing
Tang
Miss Adams
Turkish Aid Ready For Emergency Use
The United States announced immediate aid to Turkey totaling 75 million dollars to finance imports and stabilize the economy as part of a 234 million dollar package. Turkey will also receive 25 million dollars in local currency financing and seeks 100 million from European partners plus IMF access, bringing total outside aid to about 385 million dollars.
MENTIONED IN THIS ARTICLE
Hasan Polatkan
U. S
Turkey
United States
International Monetary Fund
German merchant jailed for collection practices near East German border
Karl Protze who runs a West Berlin dry goods shop was sentenced to nine months in jail for illegally assisting the Red regime. He sent bills to East Berliners warning that Communist authorities would be told of their West purchases, a tactic that drew some payments but drew police attention.
West German hotel beds exceed prewar totals
Willy Pauly president of the West German Hotel and Restaurant Federation says West Germany has 450 000 hotel beds now compared with about 320 000 before World War II. He cautions, while bed totals are higher, business remains uneven as patrons demand more comfort and owners invest more money.
MENTIONED IN THIS ARTICLE
Stuttgart
Germany
West German Hotel and Restaurant Federation
Willy Pauly
West Germany
Jury To Be Named In Land Case Trial
Cuero Texas AP jurors will be selected Monday from a 34 member venire in the veterans land fraud case of C C Hagan. Each side may strike 10 veniremen and the first 12 remaining will form the jury for the Mc Allen produce man trial. The state accuses Hagan of conspiring to defraud $146 816 in veterans land deals and has separated his case from two co defendants Cletus Ernster and Hugh Robinson who face later trials. The defense notes the indictment cites conspiracy and will hinge on showing meetings in DeWitt County with circumstantial witnesses expected from Necro veterans.
MENTIONED IN THIS ARTICLE
Cuero
Tex
Veterans Land
C. C. Hagan
Howard Green
McAllen
Hagan
Cletus P. Ernster
Hugh Robinson
Victoria
Ernster
DeWitt County
Hungarians Fear Service In Army
In Budapest Communist Hungary officials said some young Hungarians refuse military service to avoid jeopardizing U S visa prospects. Government spokesman Laszly Gyaros noted applicants face questions about army service and urged citizens to fulfill duties as citizens despite U S concerns. In Sharyland Texas a man identified as Walter Ernest Lynn, 46, was found shot to death at his former home, with a 16 gauge shotgun near the body.
MENTIONED IN THIS ARTICLE
Budapest
Hungary
America
Laszly Gyaros
U.S
Gyaros
Legation
Sharyland, Tex
Walter Ernest Lynn
McAllen
Sharyland
States Rights and Fiscal Honesty in Senate Pledge
A candidate touts states rights and fiscal integrity, pledging honest service to the state and nation. He opposes federal interference in schools and warns against relying on Russia for disarmament without strict inspection and control.
MENTIONED IN THIS ARTICLE
Russia
Also Mentioned on This Page
Britain
Australia
Woomera
London
Aberle
Cmdr
Frank M. Adams
Tunica
Miss
Adams
Charro
Gonzales
Pan-Amercan
Earl
Duntey Hunter
Lubbock National Bank Bldg
Lubbock
Pan-American Life Insurance Company
New Orleans
Roy Whittenburg
Ple
Supreme Court
Snape Court
Senate
Texas
Pay Whittenburg
Amarillo
U.S. Senate
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