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Syracuse Herald Journal in Syracuse, New York

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This newspaper page contains 7 articles. Subscribers can read the full text of each article.

Newspaper

Syracuse Herald Journal

Location

Syracuse, New York, United States of America

Date

Oct 22, 1948

Page

15

Jury Awards 97000 in 744 Auto Crash

A Supreme Court jury awarded $7,000 total to Louis Giebler's estate and family in a four forty four auto crash case. The verdict split $4,000 to Louis Giebler and $3,000 to the estate of Bessie Smith. The trial faced adjournment and confusion in Police Court with Paul R. Shanahan unavailable. The accident occurred September 10 1944 at Darlington Road and Court Street, with Mrs. Smith dying December 1947 after earlier trials and reversals.

Supreme Court Louis Giebler Oak St Edward A. Smith van Burenst Bessie Smith Paul R. Shanahan William Bamerick Earle Co. Bastow

Parcel Post Revenue Increases Amid Rate Hike Hints

The parcel post system shows a sharp rise in volume and revenue for the year ending last June with 6,085,000,060 pounds handled and 39,965,000 dollars in August reports, driven partly by higher Railway Express Agency rates and planned January increases. Despite growth the Post Office remains unprofitable and faces wage costs increase after Congress approved higher rates. One, two, and ten pound parcels will cost extra two, three, and five cents respectively. The service has rarely stayed profitable over two centuries, with gains mainly during World Wars I and II.

Washington Sam Parcel Post Railway Express Agency Post Office

Dairymens League to Meet in Chittenango October 30

Madison and Onondaga County dairymen will gather in Chittenango at 10:30 AM on Oct 30 for the Dairy mens League Cooperative Association meeting. Harold Howard of Bouckville, sub district president, says delegates from the Saratoga Springs annual meeting will report on last year and plans for the coming year.

Dairymens’ League Madison and Onondaga County Dairymen’s League Cooperative Association Chittenango Harold Howard

Juke Box Song Restores Doctor's Lost Memory

Dr. William Aston, 34, amnesia victim, regains memory after hearing "Because" in a Chicago restaurant. He had vanished for 19 months after leaving for the Mayo Clinic in 1947. his wife Patricia, 28, a nurse, rejoices at his return to the family.

Grand Rapids Mich Cafe Juke Box William Aston Mayo Clinic Rochester Minn Patricia Dr. Aston Chicago Will

Rebels Seized Yosu in Korea as Rebels Face Pressure

In Korea the rebellion by Communist led rebels faced heavy containment as U S troops moved into Yosu and encircled rebels near Sunchon. The Korean government claimed protection by Gen Douglas MacArthur and predicted early recapture of Sunchon with loyal battalions contesting rebel pockets.

Seoul Douglas MacArthur U.S. Army Yosu Sunchon Korea Ssouthern

Federal Reserve Bulletin Warns on Inflation Risk from Bond Sales

The Federal Reserve Board in its October bulletin says credit expansion remains inflationary, despite measures to restrain it. Banks and insurers have shifted funds from government bonds to loans, boosting deposits and reserves. Critics argue bond price support fuels borrowing while keeping rates low, potentially enabling further lending.

Washington (P Federal Reserve Board Reserve [Board The Bulletin Ted Thomas Parkinson Equitable Life Insurance Company FRB

Bulletin Links Loan Demand to Inflation Pressures

The bulletin notes large loan demand without reducing holdings of government securities. It states credit developments have influenced ongoing inflationary pressures while goods shortages persist and a substantial Treasury surplus remains.

The Bulletin

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