Dewey retires from politics after 20 years in public life
Observers weigh Soviet peace terms and Dewey announces he will retire after his current term ends next December 31. The note details Moscow’s alleged asks on Europe and Asia while DEWEY signals desire for rest, continued public interest, and possible return to private law practice.
MENTIONED IN THIS ARTICLE
Thomas E. Dewey
New York
Dewey Sild
White House
Dewey
New York City
Roosevelt
Truman
Center
Spy ring arrests in wake of Klaus Fuchs case
Two new suspects linked to atomic secrets ring were arrested. David Greengrass admitted passing Los Alamos secrets in 1945, saying the US failure to share info with Britain endangered the nuclear program. Dean Slack denied knowledge. Henry Gold is also detained. Grand jury urged continued probe amid broader espionage fallout. Emmanuel St Larsen testified against Andrew Roth, labeling him a Communist. Officials warn this may be the start of a major spy network crackdown.
MENTIONED IN THIS ARTICLE
Klaus Fuchs
Russia
FBL
United States
Los Alamos, N.M
David Greengrass
Communist League
Grose
Ruesis
Br Nity
Dean Slack
Syracuse
NOY
Henry Gold
Roth
Amerasin
Slack
Greenglass
Hungary seeks crown swap in wartime ransom demand
Reports say Hungarian Communists offer to exchange American businessman Robert A Vogeler for the 1000 year old crown of St Stephen. The crown, taken by the Nazis and recovered by American troops in Germany, symbolizes Magyar royalty and was used as leverage in alleged threats during the regime of terror.
MENTIONED IN THIS ARTICLE
Marine
Inco
Perinus
St Stephen
Robert A. Vogreler
Europe
Vogeler
Hungary
Te Ness
Germany
Truman Budget Pressure Triggers Tax Rise Talk
The House and Senate committees press Truman for budget cuts while seeking new revenue. House Ways and Means pursues presidential approval for an excise tax hike. Officials note a 5.427 billion dollar annual increase in corporate taxation.
MENTIONED IN THIS ARTICLE
Senate
Eeon Sp Privcam
Tix
Truman
Hatce Ways and Means Committee
Western Germany election yields Communist decline shock
Western observers welcomed the vote results in the Ruhr area where Communist strength fell to a postwar low. In the British zone a 21 seat parliament was chosen and a state constitution referendum held. The draft government plan favors transfer of large basic industry to common ownership and signals voter support for West German federal policy.
MENTIONED IN THIS ARTICLE
Ruhr
Germany
Rent control bill faces senate and house approval
Observers say both chambers are inclined to pass the measure after committees consider the federal contracts and cooperation with communities. A presidential desk delivery is anticipated, with little doubt of eventual approval.
MENTIONED IN THIS ARTICLE
House
Senate
Labor unity talks hit snag with UMW exclusion
The APL and CDO pursue plans for a joint cooperation conference signaling future labor unity, but United Mine Workers chief John L. Lewis objects to being left out. The national labor relations board also ruled the UMW violated Taft Hartley in a violent campaign at a Harlan Kentucky department store, threatening fines or jail if ignored. Other developments include J Joseph D Keenan addressing CTO PAC on repealing Taft Hartley, labor delegations aiding Israeli federation of Jabir, and the Brotherhood of Railroad Trainman backing a committee for joint problems and possible consolidation.
MENTIONED IN THIS ARTICLE
APL
CDO
United Mine Workers Umw
John L. Lewis
Hie
National Labor Relations Board
UMW
Organics
Harlan County
Kentucky
Tne
J. Joseph D. Keenan
Politcal
CTO
Isbor
Jaber
Brotherhood of Railroad Trainman
Hoover warns of disaster from continued government spending
Former President Herbert Hoover told the Chicago US Junior Chamber convention that the nation faces financial collapse unless spending is curbed. He blamed Democratic administrations for deficits and warned inflation would ruin purchasing power, forecasting salaries failing to keep pace and one million jobs annually disappearing if policies persist.
MENTIONED IN THIS ARTICLE
Herbert Hoover
Chamber of Commerce
Chicago
Hoover
Administration Predicts Large Deficit Falls Near End
The administration forecast a $54,000 deficit by June 30 but payments shortened the gap as the year closed. A $773,625,000 interest payment on the national debt pushed the total deficit to $3,887,529,000, with the payment made two weeks before year end.
Bridges and Mines Threaten Global War Edge
Fragmented OCR text hints at world crisis with bridges mined and near Western Germany. Mentions Soviet threat, potential atomic risk, and ongoing preparations by allied committees for possible war escalation. Unclear names or dates due to damaged source.
Dollar Devaluation Shows Hidden Inflation Mechanics
This 1940s explainer from Northwestern National Life outlines how credit inflation erodes purchasing power. It contrasts postwar money growth with production increases, shows how government borrowing adds “checkbook” dollars, and explains why a dollar’s buying power has fallen from 1939 to 1949 while production rose. The piece warns that the inflation is gradual, not wild printing, and ties this to pensions, savings, and daily living.
MENTIONED IN THIS ARTICLE
Britain
France
Minnesota
Hawaii
Florida
U.S
Ricksha Collie
China
Amoke
Family Economics Bureau
Northwestern National Life Insurance Company
Inflation and hat checks illustrate nothing gained
The passage argues inflation does not raise the supply of goods or living standards, using a crude analogy where a restaurant issues two hat checks per hat. Patrons would not be better off. some would surrender two checks for one hat while others end up with two hats or none, showing that more money does not create real value.
Notable TV and radio figures dominate stage screen radar
IT CUA oh stage screen radio features Clark, 25, Westminster College path to Your Hit Parade top vocalist and Arthur Godfrey Talent Scout winner as he stars in New York radio and TV shows. Also notes Elizabeth Taylor wedding gown copy intrigue, Claudette Colbert in The Secret Fury, Stan Freeman at Carnegie Hall, and Juicy Hollywood roster including Natalie Wood, Joan Crawford, Ralph Byrd and Bob Hope’s NBC deal.
MENTIONED IN THIS ARTICLE
Eff Clark
Westminster College
Sharot
Sington
Arthur Godfrey
Elizabeth Taylor
Claudette Colbert
RKO
Hattie Carnegie
Stan Freeman
Piano Playhouse
Joey Adams
McDowell
Bob Hope
NBC
Crosby and Godfrey
Also Mentioned on This Page
Lilon
Jonan
Moscow
David Greenglass
Northewestern National Life Insurance Company
Federal Reserve Bank
US. Treasury
US Treasury
Uncle Sam
Treasury
Ancle Sam
Sam
Inez Gerhard
Clark
Larks
French Alps
White Tower
Ted Tetzlaff
Dan Seymour
We the People
National Cancer Foundation
Supreme Court
William 0. Douglas
Robert Taylor
Margaret Sullavan
Tiona Massey
Maurice Evans
Mary Martin
Sammy Kaye
Maury Amsterdam
Kathi Norris
Natalie Wood
Viveca Lindfors
Columbia
Miss Lindfors
Natalie
Joan Crawford
Harriet Craig
Carole Lombard
Carole
Joan
Brite
Radio
Glenn Ford
Christopher London
Edmond O'Brien
Johnny Dollar
Ralph Byrd
Dick Tracy
Wichita
Kan
Penny Singleton
Arthur Lake
Blondie
Samuel Colt
Ethel Barrymore
Pictures
Paramount
Evelyn Keyes
Universal-International
Nine Pictures
Olive Carey
Harry
Jeff Clark
Bill Pople
Baum
Roosevelt Road
Aguinet Jarrics
Good
Ewan
Caitlin Aue
Stan
Gil
Dean
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