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Newspaper
Syracuse Herald Journal
Location
Syracuse, New York, United States of America
Date
Oct 09, 1941
Page
10
Officials argued initial rules were purposefully easy to let the public and stores learn the system. They said the aim was to cut demand for articles consuming scarce materials and factory capacity needed for defense, and now the time to tighten the rules has arrived.
In testimony to a House subcommittee Admiral Blandy said Britain has developed a secret new torpedo to be manufactured in the United States using Lease-Lend funds. Production may not start for about a year. details remain guarded and the device may be designed to leave no wake.
The Pt Rev Msgr Fulton J Sheen will launch the 1941 1942 Catholic Women's Club lecture series on Sunday Oct 19 at 815 PM at Lincoln Auditorium Central High School He is associate professor of philosophy at Catholic University and was named papal chamberlain in 1934 and domestic prelate in 1935 He has preached in London Louvain New York and Syracuse and has written 26 volumes The Miss Mary Lawlor committee chair has called a meeting for Wednesday Oct 15 with listed members
Washington reports the Federal Reserve Board is weighing higher minimum down payments and shorter maximum repayment periods for instalment purchases. Aimed at 124 item categories, including cars and furniture, the move seeks to close a down payment loophole by requiring bank lenders to obtain promises that loans won’t evade current rules. If adopted, the changes could alter consumer buying for autos radios and similar goods within days.
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