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Newspaper
Middletown Journal
Location
Middletown, Ohio, United States of America
Date
Sep 20, 1949
Page
1
Canada and France join 19 nations devaluing currencies to entice American shoppers. Britain led the move Sunday while Japan's MacArthur approved cheaper pounds but refused yen devaluation. Markets opened as banks tightened steps to curb speculation amid wide caution.
Flurries of wild trading hit crowded floors in London Rome Milan and Johannesburg as Britain devalues the pound and 18 other nations’ currencies fall. Paris barred trading in foreign issues as exchanges reopened after the holiday.
Britain slashed the pound by 30 percent sparking fears other nations will cheapen currencies to boost exports. Canada cut the dollar by 10 percent while France freed the franc from controls. Sweden also devalued the crown from 3.60 to 5.18 per dollar as the Dutch cabinet eyed the guilder.
Prague reports indicate at least 30 Catholic priests and nuns were imprisoned in a broad government drive to seize control of church operations. Monasteries and a seminary staff were among those seized as authorities push a church law to place church appointments under state oversight.
County deputies Emil Kleinwaechter and William Barnett said a one story five room frame house on Brower road west of the Cleves Corporation line burned early today. They fixed the loss at 5000 dollars. The owner Glen Flowers, 65, stays there by day and at Cleves nights. Cause of the fire was not determined immediately.
The Ore and Coal Exchange reports a miners strike will stop shipments from Lake Erie docks in about a week. Exchange Manager W. J. McGarry notes 18,528 car loads of bituminous coal are in port and 3,373 in transit.
Washington the United States Britain and Canada begin exploratory talks on exchanging atomic secrets and sharing uranium for bomb production. Truman delays commitments until Congress consults as officials seek a three nation understanding amid tight information controls.
A 27 year old man burst into a Veterans Administration office in Warren Ohio scattering files and wrecking desks before three policemen subdued him. He claimed he thought he was in the income tax office. He was taken to Youngstown receiving hospital for mental observation.
Justin A. Rollman resigned today as a member of Ohio's Development and Publicity Commission. He told Gov. Frank Lausche he has done all he can for the movement after nine years of service appointed by Gov. Bricker. He served without pay.
The tale of McGinley who built shelters for his prized hunting dogs. His wife criticized neglect of house repairs and the painter’s needs. He eventually reconsiders and moves into his own doghouse after the dispute.
Delegates from 59 nations gather at Flushing Meadows to open the UN General Assembly. Election of a new president looms with Brig. Gen. Carlos P. Romulo favored. Ministers from major powers discuss 72 agenda items as three months of debate begin.
Senator Ferguson urged full hearings by the Senate Judiciary Committee on Judge Sherman Minton’s Supreme Court appointment. He said there is no current opposition and wants exploration of Minton’s legal ability and background. Minton is a former Indiana senator and Chicago federal judge allied with Truman.
A large blast at Magnolia Refinery No. 1 in Fort Worth Texas around 8 55 AM CST caused a fierce blaze. At least two workers died and eight were injured as the fire raged, authorities said.
Senator Robert Taft launches his 100 day report to the people calling the communism struggle the basic issue facing the United States. He cites Russia, devaluation of Britain's pound, air power needs, and warns against abandoning free economic system for socialism.
The 7,600 ton freighter Mormacfir rammed and sank the Gloucester fishing trawler Corinthian 60 miles southeast of Halifax in dense fog. Five of eleven crew were rescued including Captain Jerome Noble. the Coast Guard and Mormacfir searched for survivors amid ongoing efforts.
Southern Railway investigators probed a passenger train derailment near Newton North Carolina that killed two crewmen and injured about 50 passengers. The diesel engine and six cars plunged into a ditch as the train, 20 minutes late in fog, made a U turn at Newton Station.
Pittsburgh AP report notes rapid advance of the United Mine Workers strike with unemployment reaching over half a million as workers halt mining and railroad operations across the nation.
Washington AP reports President Truman has no plan to avert a steel strike, leaving negotiations to management and the United Steelworkers Union. CIO head Philip Murray says workers will strike Saturday unless a company financed welfare plan is agreed, with government mediators offering suggestions as talks resume in Bluefield Virginia.
In Dayton Ohio AP reports the Christian Rural Overseas Program known as CROP announced that about 118 million pounds of American farm products have been donated to Europe’s needy over the past two years. The initiative reflects postwar relief efforts and ties to farmer groups and international aid networks.
H E McCrery 53 president of the Master Vibrator Co. was shot and critically wounded in his Dayton office. T J Conlin 59 brother in law admitted the shooting. McCrery remained in critical condition after five hours of surgery as police investigated motives and financial disputes.
Adolph Pacifico president of United Mine Workers District 6 says Ohio coal mines will stay closed until mine operators pay welfare fund contributions. He links yesterday’s 16 000 miner walkout to miners resentment against operators’ actions.
Trustees of the United Mine Workers Welfare and Retirement Fund suspend $100 monthly pensions and other benefits for soft coal diggers. Leaders Joseph Moody of South Coal Producers and George Love of Pittsburgh Consolidation Coal Company condemn the move as unjust and claim the fund’s design and operation have led to a collapse, warning of broader industry impact.
Ford Motor Co and CIO UAW pressed toward a settlement before the strike deadline. Negotiators led by Ford vice president John S. Bugas and UAW head Walter Reuther met again after June 2 talks. A company financed pension plan was tentatively offered, structured as about eight cents an hour, roughly $50 monthly at age 68, excluding social security.
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