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Mason City Globe-Gazette (Newspaper) - December 18, 1950, Mason City, Iowa NORTH IOWAS DAILY PAPER FOR THE HOME MASON CITY GLOBEGAZETTE TNI THAT MAKES ALL NORTH IOWANS NEIGHBORS HOME EDITION VOL LVD and United Prtsi Full MASON CITY IOWA MONDAY DECEMBER 18 This Paper Conilsti ot Two Atlantic Nations Approve 55 Divisions One Mans Opinion A Radio Commentary By W EARL HALL Manoging Editor Is a Sound Money Possible TN my lifetime I think I have A known no more than a hal dozen persons who could qualify as profound students of money and its role in the development of our civilization Maybe it hasnt been as many as a half dozen As a matter of fact I can think of onl 3 at the moment One of these most assuredly was George E Roberts an lowan who served as comptroller of the treasury in the early part of the present century and moved on from there to be economic adviser for the National City bank of New York City It was Mr Roberts who back in 1896 made the most effective an swer to a theory of money ad vanced by a character who called himself Coin Harvey It was an utterly spurious plan and Mr Roberts in his illustrated rebuttal put Mr Harvey in a duncecap A Profound Student My acquaintanceship with Mr Roberts dates back perhaps 25 years and my correspondence files contain some most stimulating let ters from him some of them hand written His death during the war was at age 90 or thereabouts His mind was still keen and alert I doubt that America ever had a better student of money Another of these acquaintances with a full comprehension of the money question was William R Boyd of Cedar Rapids with whom for a dozen years I served on a state educational board A person alfriend of George Roberts he clung to the same cardinal princi ples in his approach to the sub ject Mr Boyd too lived to a ripe old age He was my dear friend What of Gold Standard The third of these acquaintances wise on the subject of money is William Chamberlain an Iowa reared lawyer who rose to the one of the middle wests largest and best managed utilities companies In retirement he makes his Kome in Saratoga Cal Once in my correspondence with Mr Chamberlain I put this ques tion to him Do you think it be possible to reestablish the gold standard in the United States His reply was just as much to the point as my question was blunt It was that the gold stand ard not only COULD but SHOULD be reestablished And what he wrote in amplifi cation of that question is so in teresting and informative that Ive decided to make it the body of this visit with you I have Mr Cham berlains permission to do so Two Kinds of Money System There are according to the former lowan only two possible monetary systems The one is me tallic the other paper is the the world is attempting to work with today despite the experience of centuries proving that it cant be made to work Mr Chamberlain added For this he explained there are two basic reasons Both go straight back to the nature of man One is that prompted by then natural instincts of selfpreserva tion and acquisitiveness men ex pect to receive a thing of value for a tiling of Value with which they part The other is that when money to spend is to be had for the print ing no government has ever yet been discovered which doesnt abuse the power Will of the People In elective governments Mr Chamberlain pointed out this isnt entirely the fault of those in office at least after the process has been set in motion It is also because masses of the people de mand that the spending be con tinued This in turn is because both governors and governed are human beings and act like human beings Once a country becomes com mitted to a peacetime paper money policy wrote this student of money it never stops short of a more or less complete destruction of the value of money Sometimes the process is retarded but that is til In the year 1926 when the French franc had reached 50 for a dollar its deterioration was re tarded in France But later it was resumed and there is no record of an instance in which a well established process of paper money inflation has been stopped except the verge of ruin Political Reaction Dominant This Mr Chamberlain ex plained is not because of any dif ficulty in stopping the practice That would be simple enough The difficulty he added lies fa the political reaction against CONTINUED ON PAGE 2 Navy Artillery Hold Off Reds at Hungnam AP Wirephoto HELICOPTER HITS AUTOON helicopter above banged into a moving auto below on a suburban boulevard near Washington D Cifltrymg to make an emergency landing Sunday The plane pilot identified by police as Alfred E Bridgford of Rockville Md and 3 small sons riding with him were injured Charles Butt of Potomac Md stands beside the damaged auto He was sitting in the front seat but escaped injury as did 6 others In the car Prater Wage Talks Started on Volwiary Basis Ceilings Soon By STERLING F GREEN Washington IP An honor ystem freeze on all prices and Vages will be issued early this eek by theeconomic stabilization gency officials predicted Mon day This may be followed fairlysoon jy compulsory ceilings beef veal and amb The ESA called execu ives of the meat industry into a irice parley here Monday Having set the antiinflation machinery in motion with Satur days freeze androllback of new ar prices ESA AdministratorAlan Valentine gave every sign hewill eep it rolling His next major move officials aid privately will be to issue a general nationwide voluntary eiling on price tags and pay hecks Adherence to this price vage fixed at iie level of Dec 1 or some other ecent asked ofbusi ness unions and the public Controls by March This freeze will iarch By that time ESA be ieves it will be ready to admin ster an effective control system ither on selected goods or on the vhole economy President Truman hinted at the oluntary scheme in his national mergency broadcast to the peo le Friday night He said ESA l announce fair standards to overn industries where manda ory controls are not imposed A willful violation will not mean civil or criminal penalties s it would in the case of pa manda ory ceiling but Mr Truman varned that violations in any egment of industry will simply asten compulsory controls or rollbacks where needed To Discuss Wages Meantime ESAs 9m ember vage stabilization board headed y Cyrus S Ching scheduled a vagestabilization meeting with utomotive unions and manage ment on Wednesday Meat prices thebugaboo of the ousewife are a special problem o ESA only because of icir steepness but because the de ense production act hedges all ood and farm products with spe ial protections for farm income Any ceiling imposed must return o the producer a price not less lan parity may not be lower than the actual pricein the month be forethe Korean invasion arid must permit a reasonable return to pro cessors and distributors Pork is below parity and it cannot be controlled Livestock prices on beef veal and lamb have recently beenwell above parity therefore they may be subject to ceilings But at last reports the agriculture department had not yet compiled definite figures on the preKorea prices as a meas uring stick UN Group Offers to Go to Pel ping Lake Success ff The UN ceasefire committee announced Mondayit had offeredto goto Peiping for direct Korean peace talks with Chou Enlai foreign minister of communist China The diclosure was madein the general assemblys 60riation po litical committee by Lester B Pearson of Canada a member of the 3man truce body Pearson read a cable whichthe group had sent to Peiping late Saturday At Any Place The cease fire committee of fered to meet Pei ping or at any other place desig nated by him The cable was sent Pearson said after thejceasefire commit tee had consulted unofficially with red Chinas envoy here Gen Wu Hsiuchuari and discovered that he authority to negotiate Pearson said no reply has yet been received from Peipingt want to meet you at your earliest convenience to discuss ceasefire arrangements either here or elsewhere the telegram said Asks Patience Pearson asked the political com mittee to bear with the ceasefire group a little longer while it con tinues its efforts Pearsons statement was deliv ered to a sober closely attentive committee Soviet Deputy Foreign Minister Jacob A Malik sat GM Halts Sale of 51 Models Detroit General Motors Monday ordered Chevrolet Pontiac and Cadillac dealers to halt sale of 1951model cars re ceived from the factory Monday or hereafter It said the govern ments price rollback order ofSat urday was responsible The economic stabilization agen cy ordered prices of all automo biles rolled back to Dec 1 levels GM Chrysler Ford and Nash had announced higher price tags for new models since that date There was no immediate indica tion whether the other affected car manufacturers might halt sale of their cars too pending review of the government price order GMtold dealers any Pontiacs Chevrolets and Cadillacs received on or after Monday will remain the property of GM on a con signment basis and not to be sold until released by the corporation The GM order said the action was taken pending an examina tion of the discriminatory order of the economic stabilization agen cy affecting passenger car prices including the possibleeffect of this order on wages General Motors already has in troduced 1951 model Chevrolets and Pontiacs arid originally an nounced they would carry price tags around 5 per cent higher than 1950 models The 1951 Cadillacs have not been introduced but GM had said prices would be upped The federal price order of Sat urday however required that auto firms withdraw price increases made after Dec 1 Buicks and GM not affected by Mondays General Motors freeze Their 1951 models have not been introduced slumped in his chair without changing expression After hearing his report the political committee adjourned to await a reply The adjournment vote was 50 to 5 soviet Malik wanted the committee to go ahead with debate on his own complaint which charges the United States with aggression against Formosa Hope for Early Settlement of Railroad Wage Dispute Workmen at Toledo By HAROLD W AVARD Washington rose Monday for ah early settle ment of the long wage and hour dispute between the na tions railroads and 4 operating unions The white house pressed them to come to terms The pace of negotiations was stepped up even as the ef fects of a strike by one group involved faded Some 10000 yardmen walked off their jobs for 3 days last week tying up 1800 1400 120r 1000 800 600 400 200 A Gilt From You Will Help This to Grow Into a Full Sized Christmas Tree PREVIOUSLY REPORTED GlobeGaiette Business Office Glob eGaxette Subscription Salesmen Anonymous Donation Just a Name Please Dixie Let Koenen Meservty Osage Friend Bristol Sunshine Circle KcnseH Diane Susie Spencer Flush N Y Satan History Club Mary Gray Scott Cite e Klnca Daufhters Froin Jerry Lee a Little Twe Old Friends B P O E Lodje No North Iowa NavyMothers Club Letter B Charlson Thompson Elk Creek Xachel Circle Ken iewis M Peterson Enmoju ot 73629 1975 900 100 1500 BO 1000 2W 100 1000 aswi 2W lfHI Police Auxiliary Association Mri Marvin Griffin Arlyn aiii Allyn ot Klttume Ladies Auxiliary of Letter Car riers No i01 300 10 500 THE DAYS TOTAL 1392 TOTAL TO DATE I SUM YET U1MM Only 5 More Giving Days Left Folks CHECK BACK TO PREVIOUS YEARS when the goal of the Christmas Cheer discloses th a the total with only 5 more giving days 1 e f substantially be hind the aver age And by substantially31 We mean between S300 and The deadline has been set for 2 p m Saturday There is of course no occasion or discouragement But is a imperative ac tion on the part of those who want no empty stockings in Mason City this Christmas It becomes quite clear that if oo many persons sit back wait ing for somebody else to do the giving the job isnt going to get Those Kettles You arent forgetting those Salvation Army kettles on Mason Gitys downtown streets we trust They repre sent another worthy cause We wouldnt want Christmas Cheer Fund success to be at ihe expense of the Salvation Armys venture in applied Christianity done Everybody with the ability o give should swing into NOW Almost a 5th of the amount so ar realized in the solicitation has from persons associated with he GlobeGazette clinching the point we trust that we are not asking YOU to do something were not willing to do ourselves Success of this years effort as n other years may depend on groupgiving If nobody else has aken the lead in the place where ou work why dont YOU start he ball rolling Either bring your gift to the lobeGazette business office or mail it to Christinas Cheer Fund Mason City Iowa freight and Christmas mail in key rail terminals but the jam was clearing rapidly Presidential Assistant John R Steelman kept the negotiators in session until a rn Monday and reported some progress The union and management represen tatives faced each other across the bargaining table for the 1st time since August when the roads were seized by the government to avert a strike Steelman arranged anoth er session for Monday afternoon Trouble in Toledo The yardmen for the most part went back to work although about 100 notified 3 railroads in Toledo they were too sick to re port One union official said their action constituted a wildcat strike Members of the same Brotherhood of Railroad Yardmen had returned to work in other cities under sure from President Truman fed eral courts and union officials Thirtyone locals and 45 officers of the brotherhood were sum moned to a federal court hearing in Chicago Monday to show why the union should not be held in contempt of court The govern ment claims the union showed contempt by ignoring court orders to end the strike The postoffice department threw 12000 additional workers into the fight to break the mail jam It said it hopes all Yule packages willrbe delivered in time despite what appears to be the biggest ilowor holiday Battleship Missouri Adds Borage By OLEN W CLEMENTS Tokyo fiery bombard ment by warships and field artil lery Monday held at bay another red Chinese assault on the United Nations tiny Hungnam beachhead in northeast Korea The U S Battleship Missouri ar rived offshore Its 16inch guns and oneton shells were a welcome addition to the curtain of fire shielding hardpressed units of the U S 10th corps Maj Gen Edward M Almond 10th corps commander obviously was pleased by the intense fire power hurled at the masses of Chi nese infantry pressing on Hung nam port from 3 sides As Planned things are going just the way we planned them he said Now every time the Chinese commu nists dig in we hit them with ar tillery concentrations mix them up and knock them out Thats something we have been unable to do before At no point on the ports defense arc had the Chinese been able to punch through Observers said the reds apparently had not sent many troops into bomb and shellshat tered Hamhung industrial city 6 miles northwest of Hungnam A twoday embargo had been in effect on packages and other bulk mailing passing through such gate ways as St Louis Chicago and Washington where terminals were snarled up by the yardmens strike To handle the crush the number of postal transportation employes has been increased from the nor mal 24000 to 37000 many of them on an overtime basis Assistant Postmaster General Jack Redding said they were rapidly getting their work on a current basis 12 KILLED AT CROSSING Tokyo Twelve persons were killed Monday and 6 hos pitalized when a Tokyobound train smashed into a bus near Urawa The rail line blamed faultyoperation of a crossing gate Weather Report FORECAST Mason City Increasing cloudiness with little change in tempera ture through Tuesday Snow flurries likely Monday night and early Tuesday Low Monday night zero to 5 below High Tuesday 12 to 14 towa Increasing cloudiness and not quite so cold with some very light snow over most of state Monday night Low Monday night zero northwest 10 above southeast Another outbreak of cold air from northwest will ar rive late Monday night and dur ing the day Tuesday accom panied by fresh northwesterly winds some snow flurries and continued cold readings High Tuesday 10 above northwest 18 southeast Further outlook Fair and cold Wednesday with 8 to 10 below zero likely Wednesday morning Minnesota Light snow changing to snow flumes and turning colder Monday night Tuesday clearing and cold Low Monday night 10 15 below northwest to near zero southeast High Tuesday zero northwest to 10 above southeast IN MASON CITY GlobeGazette weather statistics or the 24 hours ending at 8 a m Monday Dec 18 Maximum 1 Minimum At 8 a m fEAR AGO Maximum Minimum 43 18 GlobeGazette weather statistics or the 24 hours ending at 8 a m unday Dec 17 Maximum 7 Minimum 13 At 8 a m 13 rTEAR AGO Maximum 40 Minimum 24 Hamhung was abandoned to the reds Saturday An estimated 25000Chinese pressed against the beachhead run Another estimated 75000 were moving up in the snowmantled hills west and northwest of Hung nam Arrival of the battleship Mis souri increases the range and ef fectiveness of naval fire The Mighty Mos guns have a range 61 20 enough to reach the white hills sheltering Chinese rear positions f Battle f The Missourientered the Ko rtart war Sept iSwithian inten sive shelling of Samchok on the east coast This was after an 11 000mile dash from Norfolk Va She appeared off Inchon Sept 21 to help cover the allied west coast landings and then returned to the northeast Korean coast The 45 000ton warship last was reported in Korean waters Nov 7 General MacArthurs war sum mary credited combined naval and ground force bombardment with breaking up a predawn as sault against perimeter positions west of an attack intended in great force However U S 3rd infantry di vision doughboys rose from their snowy foxholes along the sea shore flats to repel charges by wildlyshouting Chinese in com pany strength Sunday night Field dispatches said the Chi nese screamed all right all right as they attacked by the light of their own green and red flares The shouts were in highpitched singsong English And the riflemen mowed them down There was a lull in the fighting after daybreak 900 Killed A 10th corps spokesman said about 900 reds were killed Sun day by marine and navy air strikes and naval gunfire within a 60mile radius of Hungnam The approaches to the beach head were raked by the U S Heavy Cruisers St Paul and Rochester Destroyers stepped up the bombardment with 5inch guns A navy summary said the fire had made a no mans land of the defense perimeters outer fringes The beachhead is the allies last major position north of paral lel 38 the old boundary between North and South Korea Along the western sector of 38 the prolonged lull on the U S 8th army front continued MacArthurs Monday war sum mary warned of intensified guer rilla activity POWER PLANT ASKED Des Moines state board of control Monday asked the Iowa legislative interim com mittee for authority to construct a power plant at the Iowa soldiers home in Marshalltown BULLETIN CORN CROP ESTIMATE Washington ff The agri culture department in its final report of the year Monday es tiniatcd this years corn crop at 3131009000 bushels The figure is 25573000 bush els more than the 3105436000 bushels forecast a month ago It compared with last years re vised estimate of 3379436090 bushels and the 10year 19S9 48 average of 2900932000 bushels West Allies Not Pace Warns Cites Need for Speed Cooperation Among Europeans FROM WIRE SERVICES Brussels defense ministers of the 12 Atlanticpact nations Monday approved forma tion of a 55 or 60 division western European army including Ger mans At the same timej the US charged her allies were not doing enough to prepare for a possible communist assault The foreign ministers were to add their okay to the plan Monday night That left only one problem but a big one Getting the Germans to agree to provide 11 or 12 divisions Both Secretary of State Achespn and Secretary of the ArrriyFrank Pace told the 12 gov ernments their rearmament plans are inadequate Acheson warned that in this exceptionally grave hour each member must step up its arms pro gram drastically if western Europe is tobe protected from aggression Acheson and Pace opened a ma jor campaign at the opening meet mgs of the Atlantic Pact council to get Europe to begin to match the allout preparedness program already launched in the United States Conditional Aid Pace advised the defense min isters of the12 pact countries to speed up and increase their re armament programs if they ex pect American help in building de tenses Acheson foreign ministers of the 12 countries are lere to ratify a plan to create an Atlantic armyv including German units under the supreme com mand of Gen Dwight D Eisen hower As the ministers metBelgian communists Biusifels with postersbearinga jjicture of a skull and calling rforrejectToir of German of the skull swastika The other was a dollar sign f Both the United States and Brit ain are reported prepared to lay down the law to thewest German if necessary to over come German objections to their rearmament Want Equality The Germans who are not rep resented at the 12power confer mce have ob jected to joiningj an nternational army unless invited o do so on an equal basiswith he other Atlantic pact members West German Socialist Leader Curt Schumacher at Duesseldorf Sunday night said his powerful party would call for a national rnovemant against rearmament if West German Chancellor Konrad Adenauer accepts allied plans Deputy foreign ministers and military chiefsof staff of the At lantic pactsigners agreed in Lon don last week to recommend that the European army include about 151000 Germans organized into units of about 5000 men each but without heavy weapons or a Ger man general staff The French who feara resur gence of German military strength almost as much as they do the Soviet Union were said to be plumping for a tentative delay ing solution at the thorny business of German rearmament until after a Big 4 meeting with Russia expected soon Russiai Warning The Soviet Union last October it would not tolerate what it regards as the resurrection of German militarism Last Sat urday Russiaaccused France and Britain of violating their treaties with the U S S R by encouraging west German rearmament France was preparing a reply expected to state that the soviet rejection of international arma ments control by the United Na was responsible for the cur rent arms race and that soviet satellites in eastern Europe have violated the 1947 peace treaties by maintaining larger armies than these treaties allow Except for the German problem the twoday conference of the At lantic pact ministers promised to be mostly a rubber stamp affair Blueprints for an Atlantic pact army have been drafted by po litical and military experts These plans accordingto reliable sources call for an army of some 750000 men plus naval and air arms It is to be headed by an America commanderinchief SAME Black fUf mum tnffU M ;