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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Jul 01, 1948
Page
3
London sources say wartime costs for the young Jewish republic run about 20 000 per hour. Defense spending now takes roughly two thirds of the budget though no total expense figure is released. Economic fundamentals are shaken and future plans rely on long term U S aid.
The article outlines a multi billion dollar Israeli economic plan with over half from abroad through credits and investments. It notes large scale industrial development pending political resolution, anticipated net imports, immigrant settlement costs, and capital investment per newcomer. It cites war expenses, reliance on United States gift dollars, sterling balances, and proposed expansion of food textile and metal industries.
The article argues that Israel’s economic life depends on relations with Arab states. It warns that without cooperation, Jewish industry would stay in a narrow home market and exports abroad would face strong competition from advanced economies.
The P T A sponsors an ice cream and home made cake social on Saturday July 3 in Chatham. That evening the V F W hosts a dame in the school auditorium with music by Pucge Soov. Local residents attend various reunions and family visits including the Halliwell gathering at Penfield and weekend trips to Castalia and Blue Evle.
Miss Edne Good year hosts, Blake Hartman of Seville calls on Mrs R K Hart man, G M Golladay of Canton and family share dinners. Reverend Carey Christy and Reverend Oscar Nichols attend Congregational Church Conference at Oberlin and visit Chatham. Barbara Ann Ripley stays with grandparents in Akron. Burton Root of Glote visits home. Eugene Root and daughter from Wacsworma join Myra Root for supper. Tom McVicker attends Eva Mense Bensinger and Donald K. Dix wedding.
In Friendsville on Saturday, Owen Martin who plays the federal marshal in the touring Oklahoma company reported 2,275 consecutive performances, claiming the longest unbroken run in an American play. Meanwhile in New York police waived a rule on lost property sales, keeping a pig as a city expense. A seven year old pony named Phil CX comforts a three week old Shetland foal nightly.
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