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Newspaper
Moulton Eagle
Location
Moulton, Texas, United States of America
Date
Mar 02, 1945
Page
2
The Western Newspaper Union reports a weekly analysis noting agreement among the big three and praising U S aerial strikes that strike the heart of Japan. The column emphasizes strategic unity and wartime momentum.
The Big Three at Yalta map postwar Europe with free elections, democratic governments, and a plan to dismantle Nazi power in Germany. They back a security organization, reparations, and disarming the Reich while addressing Poland and shifting Soviet influence. Allied advances press Germany on two fronts as wartime costs soar beyond 200 billion dollars annually.
Government contracts rise as schedules push bomber and engine parts output. Troops to receive 21.9 percent more ammunition tanks and heavy artillery. A $50 million industry expansion and special panels aim to speed output. CBS Vinson cites legal leverage against noncompliant firms. Discharged GIs favor quality suits averaging $45 and buy complete outfits at single stores.
Vice Adm. Marc A. Mitscher led a carrier air raid against Tokyo and Honshu, delivering a savage blow that stunned residents and signaled the start of a major campaign toward the Japanese home islands. The attack aimed to cripple industrial capacity and force a shift in morale for Allied forces.
Congress considers removing the Reconstruction Finance Corporation from the Commerce Department and restricting Henry A. Wallace’s authority, while House Republicans seek to curb the export import bank. The Bretton Woods framework earns Senate and Roosevelt support as a step toward international economic cooperation. State antitrust prosecutions for insurers are delayed to allow tighter regulation at the state level.
Washington report shows farmers repaid 3.50 for every dollar borrowed before 1944, reducing farm mortgage debt to a 30 year low. Land bank and commissioner loans fell 17 percent in 1944, totaling 105 million. Interest on most loans set at 4 percent, with 93.6 percent of Federal land bank and 91.7 percent of commissioner loans current.
Bendix engineers with the army and navy developed an air position indicator that continuously records the B 29’s exact air position on a single dial. It shows longitude latitude and mileage from takeoff and provides correct compass heading aiding precise bomber routing to Japan and return.
The Soil Conservation Service reports more than 65 million acres produced under its system in 1944, based on land classification by slope erosion previous use and other factors, up from 37.5 million in 1941. Dr. H. H. Bennett, chief, notes the wider understanding and use of the program.
Washington observer recounts a post graduate army air force briefing that simulates daylight precision bombing of Yawata steel works. The session uses map routes, timing, weather data, enemy positions, and a bomber nose view to recreate a mission from base in China to Japan with a mock bombing run and debrief by veteran flyers.
The poem notes the Senate bogging down the work or else bill as wartime pressures rise. It recalls General Yamashita warning of a swift strike if Luzon is invaded and mocks prophets without honor abroad. It mentions French banks retaining phantom reichmarks and discusses using silver for automobile bearings amid paper shortages and postwar prospects.
A sequence of brief maxims on friendship knowledge endurance conduct patience and judgment. Epigrams attributed to Epicurus JohnKeith Ruskin Disraeli and Benjamin Disraeli offer guidance on happiness choices and resilience in life.
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