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Newspaper
Moulton Eagle
Location
Moulton, Texas, United States of America
Date
Dec 13, 1946
Page
2
Henry Wallace is portrayed as lacking political sense and overreaching in the Truman era. The piece traces his rise as Agriculture Chief and Commerce Secretary, his wary stance toward business, and missteps in reorganizing government and trusting advisers.
Admiral Richard Byrd readies another Antarctic flight as nations fear loss of ice bound territory. historic claims trace to Enderby land found in the nineteenth century and Byrd’s prior polar journeys intensify competition visible even to penguins feeling the suspense.
The article notes disarmament activity led by Russia at the United Nations, proposing an international commission while insisting on home and foreign force reports due by January 1. It covers U S Britain support, and concerns over veto power and council control. It also reports the Senate war investigating committee killing the inquiry into U S occupation forces in Germany. It mentions rent-control opposition by a Dallas landlord group led by Mrs. Frank Morris, a Gold Star mother, as well as two World War I veterans pushing the movement.
Delegates from 18 nations excluding Russia met in London to draft a plan for postwar world trade to be reviewed at a fall 1947 international conference. A key outcome highlighted is full employment as a top achievement. Countries acknowledged mutual responsibility to sustain purchasing power and demand for consumer goods, leaving adjustment methods to individual states.
Washington report shows personal liquid assets rose to nearly 152 billion dollars in the first half of 1946, a moderate gain after wartime peaks. Business holdings of government securities fell by 4.6 billion as funds moved to capital needs and taxes. Deposits stayed high with West and South leading growth, while time deposits and currency barely changed.
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