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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Apr 24, 1952
Page
12
A historical note on seafaring as a path to wealth describes ship owners risking capital for potential large gains. The age old sea venture is framed as heroic and profitable despite high risk, with some regions still holding to the tradition.
A historical review notes that postwar policy moved financial risk from American shipowners to the federal treasury. It cites subsidies, wartime shipbuilding, and government ownership of a large U S fleet, detailing construction costs, sales losses, and the Del Argentina case as examples of wartime and postwar subsidy effects.
The notice touts a vitamin product claiming to make you stronger and more vital within a set period. If not satisfied, customers receive a full refund. It warns conditions may stem from causes other than deficiency.
Net recovery to the government from the Triasie sale totals 23 664 000 after allowances of 1 056 000. Congress erased the Maritime Commission and assigned shipping duties to a Commerce Department bureau now called the Maritime Administration. The article notes a loss of independence and criticizes bumbling in the new agency while mentioning ships sold to Nicholson Universal and the 1950 51 exodus of 150 000 Jews from Iraq with radios flooding the market.
The 1950 sale of Mount Mansfield Scott E Land and Louis McHenry Howe to Nicholson Universal Steamship Co for 102 944 each followed wartime orders and 1946 completions. The purchases, collateral loans, and later sales to allies and China drew criticism from Comptroller General Lindsay Warren over taxpayer abuse by the Maritime Commission.
The Brown Lipe Chapin Division for General Motors in Elyria says it is accepting applications for General Motors Institute in Flint Michigan for the term starting September 29 1952. Six Lorain County appointments will be made before June 1 with a May 15 deadline. The program blends scholastic study with work experience and already has thirteen local student sponsors.
Indoor seedling guidance uses Terra-Lite vermiculite and soil with a vermiculite top. Early workers pick Jasmine blossoms between 6 and 10 am and transport them to a perfume oil factory for extraction in Grasse France.
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