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Newspaper
Moulton Eagle
Location
Moulton, Texas, United States of America
Date
Aug 11, 1950
Page
8
Truman Asks Mobilization Steps as costs continue to rise. Western Newspaper Union analysts note opinions reflect the columnist’s views, not the paper’s.
As the fifth week of the Korean conflict begins, Communist forces push in Yongdong Mokpo and Yongdok while U N leaders note reinforcements and air strikes. Pentagon shifts to longer war horizon with possible spring offensive and 200000 troops. U S prices rise with hoarding and calls for controls.
The 1950 population of the United States is estimated at 150,520,000, about 19 million higher than 1940. The Census Bureau notes the population has roughly doubled in 50 years and 1940 to 1950 rise is the largest 10 year jump in history. Final figures await official verification and revisions.
President Truman told Congress the United Nations must confront aggression and called for a vast mobilization including $10 billion in additional military funds, anti inflation controls, accelerated war production, draft expansion, and authority to call reserves. He urged swift support for non Communist nations and new power to seize materials and regulate production.
President Truman asks law enforcement and amateur sleuths to forward suspicious espionage tips to the FBI. The call, tied to the Korean War era, urges a national, coordinated effort with careful information sifting. Report information in person to the nearest FBI office. confidentiality is promised.
The labor department reports a 30 percent decline in people drawing state unemployment insurance benefits from January to June as most measures rise across the economy. This sharp drop contrasts with higher living costs and broad price increases noted in the period.
President Truman and the Agriculture Department insist there is more than enough food in the United States as prices climb. With high production and large storage stocks, civilian supplies are expected to stay at recent levels, though concerns over hoarding and calls for price controls and rationing surface among retailers and housewives.
A spokesman forecasts a steep drop in auto production over the next five months as war orders divert steel and materials away from civilian vehicles. Dealers report rising orders and waiting lists. Prior to Korea, 1950 output was projected near 7 million, but estimates now are uncertain after 4,255,373 units built since January.
Sen Robert Taft of Ohio urged immediate taxes on all to pay for the Korean war and warned the Russia threat imposes a permanent cost of 10 to 20 billion dollars yearly. He said the condition could last 10 to 15 years and that Congress faces growing pressure for quick tax boosts to support defense.
Leopold III of Belgium resumes kingship following six years away but faces doubt about his security on the throne. Observers note his surrender to the Nazis in 1944 and imprisonment during World War II. His unpopularity grows due to perceived lack of resistance and his marriage to a commoner.
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