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Newspaper
Syracuse Herald Journal
Location
Syracuse, New York, United States of America
Date
Aug 10, 1955
Page
12
A 1955 car outlook notes the surge in auto sales and credit use as dealers hold large year end stocks. It cites rising outstanding auto debt from 1% to 12% billion, low repossession rates, and continued confidence from auto makers and finance firms about repayment, citing GMAC and Universal CIT data.
The Federal Reserve and analysts warn of rising overall debt from corporate and bank loans during a year of loose terms. Auto dealers urge restraint, noting 30,000 members warn against liberal credit and call for a return to saner lending practices.
In Annona Texas a rural church faces land use issues as workers cut a bee tree to enlarge the church grounds while cows wander through the parking lot. The Rev Terry Atkinson delivers sermons amid the unusual scene reflecting local life.
Testimony at the Set James Co Gallagher court martial describes Gallagher throwing ill prisoners, including John W. Jones and Donald T. Baxter, into 40 degree below zero wind. Witnesses testified the men died the next morning, while Gallagher allegedly berated and neglected them. Loretta Jones, mother of one victim, attended.
Edward J. Strata, a Detroit real estate man, lives with his house straddling the Detroit Grosse Pointe dividing line. He says he and his family rotate sleeping in Detroit and in Grosse Pointe to stay true locals. The main problem, he notes, is city tax collection differences.
Tiny bulbs no larger than a kitchen match head are manufactured for specialized uses. These miniature devices enable delicate lighting in constrained or precision settings. The invention showcases advances in miniature electrical components and compact design.
William Gravius, 26, a Hillside Avenue Jamaica National Bank teller, is held on embezzlement charges after $46,000 vanished from his drawer and later from the vault. He claims fear prevented reporting. audit revealed the missing funds amid routine checks. Gravius, from East Meadow, had a $363 weekly salary.
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