Eccles Quits Soon in FRB Deal
Washington sources say Marriner Eccles will resign from the Federal Reserve Board this week after 14 years as chairman. The 61 year old banker blames California bankers for his demotion in 1948 and cites political pressure. He recently published Beckoning Frontiers detailing his life and perceived motives behind the demotion.
MENTIONED IN THIS ARTICLE
Washington
Marriner & Eecles
Roosevelt
Truman
Federal Reserve Board
Mill Onaire
Eccles
Alfred A. Knopf
Glasgow
Utah
California
Treasury
Snyder
Granninis
Ruffner Sees Reds Unable to Strike In Korea
Maj. Gen. Clark L. Ruffner of the Second United States Infantry Division reports from Korea that the Chinese Communists cannot mount a fresh major offensive without replacing defeated forces. He says the Chinese would need an entirely new group to launch such an attack, something he doubts they can do.
MENTIONED IN THIS ARTICLE
Korea
Clark L. Ruffner
United States
Ganan
Ruffner
Small Stores Fight Records as Regulation Burden Grows
The Associated Press reports small merchants in Louisiana and Mississippi protest heavy government recordkeeping. A New Orleans operator rejected as many as 30 yearly federal state and city filings costing about 18000 annually. Calls were made for a 25000 tax exemption to offset compliance costs.
MENTIONED IN THIS ARTICLE
New Orleans
Associated Press
Louisiana
Mississippi
Ife
Henderson
Hoi and
Septte
House
Ways and Means Committee
Unem
Margaret Truman Bound for Paris
Margaret Truman leaves by car for Paris for her first look at the French capital. The President's daughter plans to spend about a week in Paris with a hope to fit in some shopping. From France she will proceed to Italy to finish her European tour.
MENTIONED IN THIS ARTICLE
Luxembourg
Margaret Truman
Paris
France
Italy
Pilots From Two Airlines Join Strike At LaGuardia Field
New York based Pilots from American Airlines and Trans World Airlines joined United Airlines pilots in a strike at LaGuardia Field. They demand wage increases citing faster larger planes. No specific wage figures or present scales disclosed. Air traffic service continued without interference.
MENTIONED IN THIS ARTICLE
New York
American Airlines
Trans World Airlines
United Jaw Lines
LaGuardia Field
Also Mentioned on This Page
Alec
Reds
C. BM. Dossett
Hattiesburg, Miss
OFS
Office of Price Stabilization
Joe D. Trenterson
American Association of Small Business
Weather Report
Thomas
State Tower
Hydraguide
Chrysler
R. M. Cornwell, Inc
S. Salina St
Syracuse, N. Y
Rusterholtz & Russell, Inc
W. Genesee Street
Hrysler
Leon Carpenter, Inc
Fayetteville, N. Y
Chappell
Eastwood
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