RFC Extension Urged By Former Secretary
Former Commerce Secretary Jesse Jones told a Senate Banking subcommittee RFC should be extended beyond June 30 as an independent lending agency answerable to Congress. He argued RFC remains useful for supplying loans when private credit dries up and for preventing a credit crunch, outlining four core functions and advocating market-aligned interest rates.
MENTIONED IN THIS ARTICLE
Washington
Reconstruction Finance Corporation
Congress
Secretary of Commerce
Jesse Jones
Senate
RFC
Jones
Buck
R-Del
Houston
Treasury
Roosevelt
RIC
Lindsay Warren
General Accounting Office
Warren
Labor Leader Hoover Presses Voluntary Measures in 1948
Former President Herbert Hoover urged voluntary actions to curb inflation and wage or price controls, warning compulsory fixes would trigger chain reactions lowering production. He endorsed hard work and voluntary measures while criticizing forced price and rent controls as ineffective. The AFL noted some form of government price regulation may be needed in 1948 to combat the cost of living, unless the crisis improves.
MENTIONED IN THIS ARTICLE
AFL
Green
Forms For Vet Bonus Will Be Ready March I
Ohio will issue living World War II veteran bonus forms March 1 at county courthouses with about 3.5 million forms. Payments total 400 million dollars maximum 30 minimum 10 per domestic month 15 per foreign month. Survivors forms issued later.
MENTIONED IN THIS ARTICLE
Columbus
Ohio
Chester W. Goble
Goble
Injuries Fatal in Coal Tipple Accident at Waco
OHIO HAPPENINGS Canton AP reports Homer Fearn 67 died after being caught between two trucks while loading coal at Garaux Brothers Company in Waco. The tragedy ends a three-decade career with the firm.
MENTIONED IN THIS ARTICLE
Canton
Waco
Homer Fearn
Garaux Brothers Company
Robbers Hit Williston Bank in Lunch Hour Heist
Two men robbed the Perskins State Bank of approximately $10,250 at midday in Williston Florida and fled in a black sedan. A Florida-wide search was launched as authorities pursued leads.
MENTIONED IN THIS ARTICLE
Williston, Fla
Perskins State Bank
Meeting Of Sea Bee Organization At Legion Hall
Harold Goetz announced a Sea Bee meeting at 8 p m tonight in the American Legion auditorium. The group, newly formed here, is a local branch of a national veterans association.
MENTIONED IN THIS ARTICLE
Sea Bee Organization
American Legion Auditorium
Harold Goetz
National Veterans’ Association
Lewis rejects Krug offer to join coal council
John L. Lewis refuses an invitation from Secretary of the Interior J. A. Krug to join a coal industry advisory council. He calls the proposal enmical and futile and recalls past feuds over the 1946 coal strike, including the UMW fines and his own contempt fine.
MENTIONED IN THIS ARTICLE
Washington
John L. Lewis
Secretary of Interior
J. A. Krug
Coal Industry Advisory Council
Krug
United Mine Workers
Lewis
Truman
UMW
Truman Aids Pact Plan Faces Senate Hearings
President Truman seeks four year aid for Europe with 6.8 billion to fund the first 15 months as a Senate group hears witnesses including William Donovan who warns of a subversive Russian war and urges action. Secretary Anderson cautions Europe still faces subsistence diets even after four years. Truman predicts an announced Democratic presidential candidate before the July convention and backs Seaway defense and trade links with Canada.
MENTIONED IN THIS ARTICLE
Senate
Truman
Congress
William J. Donovan
Office of Strategic Services
Russia
United States
Communist Party of Russia
Anderson
House Foreign Affairs Committee
Europe
U. S
Washington
Philadelphia
FBI Holds Records of Over Sixty-Five Million People
Federal authorities report fingerprints of more than 65 million individuals are on file at the FBI. The tally underscores the agency’s extensive biometric database and its use in criminal justice and security operations across the United States.
MENTIONED IN THIS ARTICLE
The
FBI
Reds May Ship First Grain To Germany
In Dresden, Soviet occupied Saxony, Maj. Gen. Timoffei Dudarov said a very bad food shortage may force grain imports from the Soviet Union into the eastern zone of Germany. He stressed any aid would not be a gift as eastern Europe tightens under a Molotov plan economy.
MENTIONED IN THIS ARTICLE
Dresden
Saxony
Soviet Union
Germany
Europe
Timoffei Dudarov
Berlin
Soviet Russia
Poland
Czechoslovakia
Hungary
Bulgaria
Yugoslavia
Tax cut proposals split on party lines in Congress
The AFL backs Truman’s $40 per person tax cut funded by an excess profits levy while Republicans push Knutson and Doughton plans. Knutson favors 30 to 10 percent reductions by bracket, Doughton 15 percent up to 1,000 and five percent over 4,000 with a higher personal exemption.
MENTIONED IN THIS ARTICLE
Senate Banking Committee
AFL
Truman
Knutson
Representative Doughton
House
Ways and Means
Doughton
R-Minn
Coughton
Kyser Welcomes Second Daughter in Santa Monica
Kay Kyser and Georgia Carroll greet a second daughter born last night in Santa Monica. The seven-pound, 12-ounce baby joins the couple’s 20 month old daughter. The band leader and former singer spouse share the family joy.
MENTIONED IN THIS ARTICLE
Santa Monica
Cal
Kay Kyser
Georgia Carroll
Kyser
Ferguson seeks fast delivery of trader lists
Senator Ferguson of Michigan said he asked Secretary Anderson to speed up the promised lists of federal and state workers with commodity accounts. Anderson had asked brokerages nationwide to provide by January 3 the names and records by January 11 for a Senate Appropriations subcommittee chaired by Ferguson. He has received no reply.
MENTIONED IN THIS ARTICLE
Washington
Ferguson
R-Mich
Anderson
Senate Appropriations
Mike Jacobs to retire after Louis Walcott fight this spring
Mike Jacobs, renowned boxing promoter and owner of Heavyweight Champion Joe Louis' contract, announced plans to retire from boxing after the Louis Walcott return match this spring. Jacobs noted Louis just surpassed John L. Sullivan for the longest championship reign, a milestone he helped secure as promoter.
MENTIONED IN THIS ARTICLE
Miami Beach
Fla
Mike Jacobs
Joe Louis
Louis
Jersey Joe Walcott
Jacobs
Joe
John L. Sullivan
Wilberforce Strike Fails at Two Universities
A threatened student strike at Wilberforce University and the State College at Wilberforce failed to materialize. School heads said there were no unusual absences as petitions circulated calling AME Church and college leaders to confer. The church supports Wilberforce. tensions between church trustees and state government led to a separate state-run school months ago.
MENTIONED IN THIS ARTICLE
XENIA
Wilberforce University
Wilberforce
African Methodist Episcopal Church
News Briefs from Cincinnati to Los Angeles
AP reports pleaded guilty Portsmouth men Robert E Dever and Charles Bauer in a narcotics case. Judge Druffel delays further action after statements by a federal agent and an attorney. VFW warns rent controls must extend to protect veterans in housing crisis before Senate subcommittee. Manila sees Roxas calling for armed clash with Hukbalahaps as quickly as possible. Detroit foremen return to work at Hudson following a strike ending, but no union recognition yet. Truman to address Congress on April 19 for Cuban Independence anniversary. Cuban president to speak to Cuban Congress. Madge Meredith sentenced to 1 to 25 years for kidnapping and assault after probation denial.
MENTIONED IN THIS ARTICLE
Cincinnati
Robert E. Dever
Portsmouth
Charles Bauer
Washington
Truman
Congress
Martin
R-Pa
Connally
D-Tex
U. S
Cuba
Los Angeles
Madge Meredith
Tehachapi
Miss Meredith
Charlies W. Fricke
Dewey Urges Farmers to Pay Debts and Halt Expansion
ALBANY N Y Thomas E Dewey urged American farmers to pay debts now and refrain from expanding amid possible recession He spoke at the New York State Agricultural Society annual dinner endorsing minimal government aid and opposing production controls He favored farmer led programs with government as helper noting the danger of pushing farmers into a dependent class and stressing food needs.
MENTIONED IN THIS ARTICLE
Albany
N.Y
Thomas E. Dewey
Nomi
New York State Agricultural Society
Dewey
Dutchess County
Ohio Babies To Undergo Operations At Children’s Memorial
Two Ohio children face operations at Chil dren's Memorial Hospital tomorrow. Dayton three year old Douglas Miller will have a screw removed from his bronchial tube learned lodged there for at least a year. Akron two year old Janice Hill will receive a corrective procedure for her blue baby condition. Donna Jean Petrosky and Eddie Greathouse, four and three, arrived with mothers. Eddie ill with a cold cannot be operated now and will be treated later. Donna Jean previously had a blue baby operation and is back for clockup.
MENTIONED IN THIS ARTICLE
Chicago
Ohio
Children's Memorial Hospital
Douglas Miller
Dayton
Lewis Miller
Janice Hill
Blue Baby
Akron
Janice
Donna Jean Petrosky
Eddie Greathouse
Eddie
Donna Jean
Yank Dead Exhumed After Guadalcanal War Dead Return
HONOLULU AP All American war dead who fell in Guadalcanal's bloody jungle fighting have been exhumed. The Army announced as its Transport Cardinal O'Connell arrived with 3,358 bodies from Guadalcanal and Australian cemeteries.
MENTIONED IN THIS ARTICLE
Honolulu
Guadalcanal
Army
Cardinal O'Connell
Guadacanal
Composer Erman no Wolf-Ferrari Dies in Venice
Italian opera composer Erman no Wolf-Ferrari died in Venice yesterday at age 72. Among his best known works is Jewels of the Madonna.
MENTIONED IN THIS ARTICLE
Venice
Italy
Ermanno Wolf-Ferrari
Bevin Warns on Soviet Expansion and Greece Tensions
Bevin described Soviet domination of eastern Europe as advancing to Stettin Trieste and the Elbe and called Greece a dangerous power politics case. He accused Russia of a ruthless attempt to pull the country into the Soviet orbit.
MENTIONED IN THIS ARTICLE
Europe
Russia
Stettin
Trieste
Elbe
Greece
Bevin
Woman Indicted in Extortion Letter to Betty Grable
Mrs. Jane Bean 20 was indicted in Los Angeles on charges of sending an extortion letter to actress Betty Grable. Bean, recently from Kaufman Texas, was arrested after FBI agents charged she threatened to kidnap Grable’s seven month old daughter Jessica unless the actress paid 5,000 dollars.
MENTIONED IN THIS ARTICLE
Los Angeles
Jane Bean
Betty Grable
Space Granted to Champaign County Officials in Urbana Post Office
Champaign County Ohio officials were allowed temporary space in Urbana post office by the postal department. Rep Clarence Brown says the Urbana county courthouse was damaged by fire Monday.
MENTIONED IN THIS ARTICLE
Washington
Champaign County
Urbana, O
Postal Department
Clarence Brown
Ohio
Urbana
DIES IN PLUNGE CLEVELAND AP REPORT
Louis E. Levy an 80 year old retired New York merchant died after plunging from a third story hotel suite in Cleveland yesterday. Police investigations are underway to determine whether the incident was accidental or self inflicted. Levy resided in New York and was visiting Cleveland for business and leisure.
MENTIONED IN THIS ARTICLE
Cleveland
New York
Louis E. Levy
Also Mentioned on This Page
LABOR
Herbert Hoover
Hoover
Vince Dolan
Warren Tribune Chronicle
Trumbull County
Common Pleas
Lynn B. Griffith
G. H. Birrell
Dolan
Forest Weiss
SEFES
Arthur Preston
Wheelersburg High School
Olive Rehfus
William
Paul Hess
Aunderal
Tsola
Lewis Rejects
St. Lawrence Seaway
Canada
Reds
By Edwin Shanke
Kysers
Grand Ave
Parkay
Maine Cobblers
John H. Druffel
Roy Anderson
George Nye
Waverly, C
Dever
Veterans of Foreign Wars
Omar K. Ketchum
VFW
Senate Banking
Manila
Roxas
Detroit
Hudson Motor Car Co
Ynborn
Eer
Ezratt Foods Company
Illinois
Diver Coal and Feed CO
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