Baruch cites inflation, industry growth driving stock boom
Bernard Baruch told the Senate Banking Committee that stock prices rise from vast industrial expansion and inflationary policy effects over the past decade. He warned the danger lies in inflationary heritage, urged no tax cuts, and pressed for stronger defense and disciplined national policy.
MENTIONED IN THIS ARTICLE
Washington
Bernard M. Baruch
Senate Banking Committee
Baruch
Wall Street
Tax Slash Plan Hits Stalemate
Washington House Senate Conference Committee failed to reach agreement on a personal income tax cut after a brief session. Rep. Cooper said no compromise was offered and a Friday meeting is planned. House Democrats pushed a $20 per taxpayer tax cut tied to extending corporate and excise rates, while the Senate rejected the plan by a wide margin.
MENTIONED IN THIS ARTICLE
Washington
House
Senate
Rep
Cooper
D-Tenn
Eisenhower
Baby Born In Snowbound Ambulance Ride
MARINETTE Wis. A baby girl was born in an ambulance stuck in deep snow between Marinette and Menominee. The mother and infant were reported doing well after arrival at a hospital that the crew reached but too late to reach in time.
MENTIONED IN THIS ARTICLE
Marinette, Wis
James Thunis
Here
Menominee
Toronto Airport Fire Destroys Test Planes at Malton
A five million dollar blaze yesterday destroyed four specialized test aircraft and experimental instruments in two hangars at Malton Airport in Toronto. The fire caused extensive damage to the facilities and halted operations in the affected area.
MENTIONED IN THIS ARTICLE
Toronto
Windy Storm Kills Six and Faulty Power Lines Roar Across Ohio
A ferocious wind and ice storm swept Ohio killing six and injuring many. The death toll included a driver crushed by a fallen tree near Wellington, a man torn from a building roof at Wright-Patterson AFB, and a policeman electrocuted at Willoughby. Property damage may exceed one million dollars with severe losses near Youngstown and at Ravenna Arsenal. Authorities reported widespread damage from Cleveland to Columbus, including a collapsed bell tower at the Goodale Hotel and Armco Steel laying off 1,000 workers after roof and power failures. Richard A. Groves, 45, of Springfield, died in Dayton from injuries suffered at Wright-Patterson.
MENTIONED IN THIS ARTICLE
Associated Press
Wellington
Akron
Wright-Patterson Air Force Base
Willoughby
Westerville
Richard A. Groves
Springfield
Dayton
Wright-Patterson Afb
Youngstown
Yellow Creek
Struthers - Poland
Boardman
Poland
Ravenna Arsenal
Cleveland
Columbus
Armco Steel Corp
Middletown
Storm Toll Sows Deaths Across Eastern U S
Violent early spring storm blamed for at least 28 deaths as wintry conditions hit the eastern United States. Winds and blowing snow disrupted travel, damaged property in the millions, and left thousands of cars stalled. States affected include Michigan Indiana Kentucky Ohio Tennessee Illinois Nebraska Connecticut Michigan Pennsylvania Kansas Wisconsin and Mississippi.
MENTIONED IN THIS ARTICLE
Midwest
Michigan
Indiana
Kentucky
Ohio
National Board of Fire Underwriters
Tennessee
Illinois
Nebraska
Connecticut
Pennsylvania
Kansas
Wisconsin
Mississippi
Cold wave grips Ohio with chilly day and night lows
The cold spell hit Ohio yesterday around noon with a 29 degree high by 12:30. The coldest reading overnight was 30 at 3:30 this morning. Weather forecasts hint at another front tomorrow with light snow flurries while today remains not as cold.
MENTIONED IN THIS ARTICLE
Ohio
Hair-Raising Probe Likely In Ohio House
Ohio legislators push for inquiry into barber prices citing 25 cent surcharges for crews and bald members. Nine sponsors urge a reciprocal price cut and even wigs for the body, listing Ed Wallace Jesse Yoder Bish op Kilpatrick George H Kilpatrick Joseph E Lady Roy H Longenecker Griffith Evans Ray Sours and Harry Corkwell as backers.
MENTIONED IN THIS ARTICLE
Columbus
Ohio
Ohio House
Ed Wallace
Pickaway
Jesse Yoder
Montgomery
Bishop Kilpatrick
Trumbull
George H. Kilpatrick
R Knox
Joseph E. Lady
R Hardin
Roy H
French Senate weighs West Germany rearmament in Paris treaties
The French Senate debated Western defense pacts linked to Bonn’s rearmament as part of Paris treaty ratification. Observers expect approval with possible amendments. consent would move to President Coty for signature after National Assembly approval on December 30.
MENTIONED IN THIS ARTICLE
Paris
U.S
France
Senate
Rene Coty
National Assembly
Council of the Republic
Bonn Republic
United States
Saar
Sen. von Coude du Foreste
Industrial Production Committee
Finnish tanker Aruba returns to Romania amid China embargo tension
The Aruba a 13 000 ton Finnish tanker reported turning back from planned delivery to Red China in the Indian Ocean after U S lawmakers protested the voyage as violating a UN embargo. Chinese Nationalists on Formosa threatened interception as the crew refused to sail into dangerous waters.
MENTIONED IN THIS ARTICLE
Helsinki
Finland
Romania
Red China
Indian Ocean
U.S
United Nations
Formosa
Liquor Store Robbery Not Taken Seriously
Arthur Murphy of Burbank told a customer the liquor store was slow. The customer pulled a gun and demanded cash but found little money in the register. He then put the gun away, expressed sympathy, and departed.
MENTIONED IN THIS ARTICLE
Burbank
Calif
Arthur Murphy
Murphy
Grim Task Begins Charred Bodies Removed From Wreckage
Ground crews resume the grim work of recovering charred bodies from the Navy R6D wreck in the Waianae Range after a plane with 66 aboard crashed near Honolulu. Nine crewmen and 57 passengers perished. recovery was hampered by rain and steep slopes.
MENTIONED IN THIS ARTICLE
Honolulu
Waianae Range
Eisenhower Sees No Gain in Reopening Yalta Debates
President Eisenhower said there is nothing to be gained by revisiting the Yalta years to prove whether someone was right or wrong. He defended publishing the Yalta papers and urged caution when ally good faith could be involved, noting no motive questions.
MENTIONED IN THIS ARTICLE
Washington
Eisenhower
Yalta
State Department
Salk Vaccine Date Set For April 12 Verdict
New York reports a jury of scientists will vote in Ann Arbor on April 12 to assess the Salk polio vaccine. Dr. Thomas F. Francis Jr. heads a Michigan team evaluating results from nearly two million trial children. Basil O’Connor and Dr. Harlan Hatcher announced the date after a conference offering cautious optimism about ending polio.
MENTIONED IN THIS ARTICLE
New York
Ann Arbor
Mich
Thomas F. Francis Jr
Michigan
Basil O'Connor
National Foundation For
Harlan Hatcher
University of Michigan
O'Connor
Hatcher
Three Ohioans Among Victims in Navy Plane Crash
HONOLULU Three Ohio servicemen were among 66 killed in a Navy transport plane crash on Mt Lelakala 29 miles northwest of Honolulu. The dead include Cpl. David L. Boyle of Ironton whose mother Mrs Minnie Boyle lives there. Cpl. Richard R. Brooks of Brookville and Pvt. Charles M. Johnson whose sister Miss Lonnie May Casswell lives in Cleveland.
Three Children Die In Fire In Trailer In Warren Ohio
In Warren Ohio a trailer fire killed three young children Keith Leroy Osborn 18 months Teresa Margaret four months and Diane Louise two and a half years Their mother Dorothy Osborn 19 was severely burned trying to save them The blaze started from a defective fuel oil heater and the trailer stood beside Mrs Elizabeth Decker's house Mrs Decker attempted rescues but was uninjured
MENTIONED IN THIS ARTICLE
Warren
Ohio
Keith Leroy Osborn
Teresa Margaret
Diane Louise
Phalanx Station
Dorothy Osborn
St. Joseph's Hospital
Army Plans Sub Surface Atomic Blast at Nevada Test Site
Army technicians achieved the first underground atomic detonation in the United States since 1951. The test, observed by 280 armed forces personnel from five miles away, involved assembly under AEC supervision. Radiation measured in Las Vegas reached 174 milliroentgens with a harmless assessment by AEC.
MENTIONED IN THIS ARTICLE
Las Vegas
Nev
United States
Atomic Energy Commission
Nevada
AEC
AEG
Los Angeles
San Francisco
Phoenix
St. George
Utah
British Labour presses Bevan on repentance in party split
London The British Labour Party’s National Executive debated Aneurin Bevan’s rebellion and set up an eight member subcommittee to seek assurances and a possible compromise. Bevan remains outside the Parliamentary Labour Party while leadership disputes loom ahead of a general election.
MENTIONED IN THIS ARTICLE
London
British Labor Party
Aneurin Bevan
Bevan
Clement Attlee
House of Commons
Attlee
Labor Party
Commons
Dew Drop Inn Slides Into Anchor Bay in Rain
During a rainstorm the Dew Drop Inn slid down an embankment into Anchor Bay near Port Huron Michigan. No injuries reported and crews worked to secure the area and assess damage. The incident prompted cleanup and investigations by local authorities.
MENTIONED IN THIS ARTICLE
Port Huron
Mich
Dew Drop Inn
Anchor Bay
Eisenhower weighs big power talks after Paris pact
President Eisenhower signaled exploratory talks with major powers after Paris ratification and warned against a high level conference that could be used for propaganda by the Communists. He said Russians must show good faith and cited possible concessions on deeds over words.
MENTIONED IN THIS ARTICLE
Washington
Eisenhower
Paris
Sen
George
Ceremany
Korea
Youngster Rides Nightmare Away In Snowy Night
Five year old Mary Sparks walked barefoot in a nightgown when a taxi driver picked her up near a snowbound street at 2 am and drove her to a police station. She told investigators she dreamed her house was full of bears and fled to escape them, saying she feared returning home. She was reunified with her mother who reassured her there were no bears.
MENTIONED IN THIS ARTICLE
New York
Jacqueline Weber
Joele
Ronald Tevlin
International
ST. Louis
Mary Sparks
Physicians Arrested Family Poisoner Read Confession
Dr Ben T Galbraith confessed to killing his wife and three children in a fire swept home using morphine and insecticide after his transfer to McAlester Oklahoma for arraignment on murder charges The confession also described fires started with turpentine kerosene and paint thinner and a hospital call before the police were notified The motive letter cited despair fear of poverty and a wish to die privately as reasons for the killings
MENTIONED IN THIS ARTICLE
Mcalester
Okla
Ben T. Galbraith
Pittsburgh County Medical Society
Pittsburgh County
James P. Whyte
Galbraith
Henderson, Tenn
Henderson
Bells, Tenn
Alester
Norman
Whyte
Rowan
Also Mentioned on This Page
Oahu Miles
Waianae Mountains
Schofield
Amy
Hawaiian Islands
Waianae Mountain Range
Hickam Field
Oahu
Snowbound Ambulance
Baby
Dr. Crane
Rereeeewas Society Sports Errand Covenne Decauces
THE
Germany
Finn
By Roy Elsoyan
Military Air Transport Service
Travis Air Force Base
Paki Kea Peak
Pssengers
Tokyo
Willig Bond
150Th Air Force Wing
Bond
Teleman J.C. Nathan Webb
Louisville
Japan
Pvt
Robert A. Kemp
Davenport
Iowa
Hickam Base
Travis
Army
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