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News in Frederick, Maryland

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This newspaper page contains 5 articles. Subscribers can read the full text of each article.

Newspaper

News

Location

Frederick, Maryland, United States of America

Date

Jan 28, 1948

Page

10

Be Cleared By Foreign Office Moscow Jan 27

The Soviet Union issued a decree through the presidium of the Supreme Soviet establishing that virtually all relations between foreigners and Soviet institutions must pass through the ministries of foreign affairs and foreign trade. Exceptions exist for everyday needs, with Molotov’s ministry handling foreign communications and responses. The decree replaces a 1926 statute to uniform relations, allows special permissions under treaties, and directs that inquiries involving foreign naval or military attaches be sent to the Ministry of Foreign Affairs or Trade.

Moscow Soviet Union Presidium Supreme Soviet Parliament Russia Molotov Ministry of Foreign Affairs Ministry of Foreign Trade Foreign Affairs Ministry Ministry of Armed Forces Council of Mhinisters

Salary Inadequate For Soup Worker Struggles

Washington hearing hears Cyrus Waud of Camden and his wife describe living on 2500 a year with rising prices. They say they cannot reach shelves, never drink orange juice, and must cut meat and milk purchases. Tobey orders a $5 relief to show the family hardships while planning testimony from food company officials on price controls.

Washington Senate Banking Committee Cyrus J. Waud Camden Cyrus

Waud Announces Long-Wearing Suit After Four Years

Cyrus Waud recalls buying his last suit four years ago and notes it is still wearing well. Mrs Waud mentions her sister once gave Mrs Waud a dress, prompting the couple to discuss their wardrobe.

McCabe Named Chairman of Reserve Board

Washington reports President Truman demotes Jerome Eccles from chair to vice chairman of the Federal Reserve Board and elevates Thomas B. McCabe, a 54 year old paper industry executive, to chair the influential agency amid tensions with Treasury Secretary Snyder. The move signals a new approach to monetary policy in the United States and the world.

Washington Marriner S. Eccles Truman Federal Reserve Board of Governors Natin Thomas B. McCabe United States Federal Reserve Board Eccles New York

Truman picks McCabe to join Federal Reserve Board

Denied Snyder was responsible for policy splits with Snyder opposing stricter controls on banks while stressing no personal rifts. Rumors say Truman faced pressure from financial leaders to replace Keeles as Fed chief for advocating strong government controls. McCabe, longtime Philadelphia Fed director since 1938 and chairman since 1939, was nominated to fill Ronald Reagan’s term ending 1956. Senate action required.

Snyder Maem Truman Keeles Federal Reserve Board McCabe Federal Reserve Banks Philadelphia Bank Board of Governors Ronald Ransom Senate

Also Mentioned on This Page

Foreign Office Radio and Television Electronics W. Patrick St Ralph W. Boyer Fairview Ave Tobey Sirs Waie GOP B. Carroll Reece Charles W. Weis Jr Rochester N. Y Republican National Committee Save George Hamilton Allen’s Market & Second Victor Ismus South Market St Reserve Board Limem Bureau Frederick U. S Western Maryland Trust Co Federal Deposit Insurance Corp Frederick, Maryland Sherwood Oil Heat G. R. Shipley Frederick, MD WM. D. Bowers Lumber CO Desoto America Weil Brothers Henry Rayon Rayon Brassieres Gabardine MIEX Henry’s W. Market St Comaker C.e.cline & Son Funeral Directors Norcross HALT Rustcraft Berger’s N. Market ST
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