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Newspaper
Sidney Telegraph
Location
Sidney, Nebraska, United States of America
Date
Mar 04, 1955
Page
5
Assumed to run again, Eisenhower's political future dominates Washington talk. Roberts notes Democratic and Republican elites anticipate a 1956 campaign with Stevenson as a leading Democratic figure, while party leaders plan late conventions to shed light on potential candidates.
Washington observers weigh whether Democrats should aim to retain Congress and accept Ike as unbeatable or contest his renomination. Stevenson keeps a cautious path as talks of a 1956 bid swirl. Republicans note rising figures like Nixon Knowland and Dewey remains influential. Navy says two guided missile firing cruisers will join the fleet this year, converting Boston and Canberra to missile platforms for antiaircraft duties with Terrier missiles.
Salt Lake City police officer Ed Myers seeks a motorist who left five dollars and a note claiming dent repair on his parked car. The dent predated the incident. In Morristown New Jersey the fire department battled a basement blaze at the firehouse during an annual dance causing about 1200 dollars in damage.
Hundreds of businessmen from the United States and Latin America gather in New Orleans for the first session of the Inter-American Investment Conference to pair private capital with Latin American development goals. The event, privately run, aims to speed funding via Ex-Im and World Bank action while stressing North American faith in Latin American progress.
The Bundestag ratified all five Paris pacts including the Saar accord, signaling progress toward West German sovereignty and NATO integration. Final approval hinges on the remaining NATO members and French ratification, with delays possible in Paris. Moscow warned over rearmament amid shifting Soviet leadership and rising armaments focus.
In a press conference President Eisenhower says the Western World holds a sustained lead over Russia in hydrogen and atomic weapon development. Prime Minister Churchill predicts Russia needs three to four years to reach full thermonuclear capability and says the United States can deliver a full scale hydrogen bomb attack today.
Congress moves toward a floor clash as the Senate Finance Committee votes 9 to strike the $20 per person income tax cut from the administration plan. The rider would have cost about 2.2 billion annually, with wider revenue loss if restored on final passage. Senate Democrats vow a vigorous floor fight led by Byrd and George against the cut.
The high court refuses to grant a new hearing for 13 second-string Communist leaders convicted in New York as Harvey Matusow testifies. In Egypt and Israel, cross-border rioting erupts near the UN truce commission HQ. Congress approves a 50 percent pay raise for senators and representatives with boosts for federal judges and prosecutors.
Seven communist leaders go on trial in Denver, facing charges of conspiring to overthrow the United States government. Prosecutors allege plots to undermine federal authority, with defense arguing political persecution amid a tense national security climate.
Ichiro Hatoyama’s Democratic party wins outright in national elections and sets him on course to become prime minister. He seeks stronger trade with Red China and ties with the Soviet bloc while maintaining West alignment. Conservatives win 63.2 percent of votes. Socialists gain seats to a record total. Communists hold two seats with about 2 percent of the vote.
Secretary of State Dulles wraps a Pacific swing after the SEATO Bangkok conference. He meets with Burma's Premier U Nu and visits Laos, Cambodia, Viet Nam, and Manila before Formosa ceremony confirming the U.S. mutual defense treaty with Nationalist China. The Geneva demand seeks release of 41 Americans. Beijing repeats stance that none are unjustly detained.
Senators led by Fulbright questioned Wall Street experts as they test the rapid rise in stock prices since 1953. Brokers and traders largely saw no 1929 danger, citing easy credit, stock scarcity, good business outlook, and rising inflation. Economists warned continued rapid gains could risk a crash within a year.
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