22 Jun 1955
Page 1
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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Jun 22, 1955
Page
1
Pittsburgh the CIO United Steelworkers pressed to finish second-round wage talks with the six largest steelmakers with about a week remaining before a strike deadline. Reports said the camps were far apart on the size of a pay increase.
The Iron Age predicts the final steel wage settlement will raise wages by 10 to 15 cents an hour. It also forecasts price increases averaging 4.50 dollars per ton, with product gains likely from 4 to 6 dollars per ton. Producers worry about inflation from higher wages and prices and foresee financing another capacity expansion to meet peak civilian and defense demand.
USW members press for a substantial raise as negotiations with Bethlehem and Republic Steel stall while U.S. Steel faces scrutiny. McDonald rejects a 12 to 15 cent hourly rise, aiming higher amid strong earnings and near full production. Talks with Jones & Laughlin and others could finalize before June 30, paving the way for critical sessions.
The Wisconsin Republican warned that adopting the McCarthy plan would be a serious and tragic mistake. He suggested a proposal could seem not to be the President's hands. His original resolution was rejected by a 140 committee vote late Tuesday.
Lorain confronts a building crunch as pay-as-you-go financing strains under growing needs. Voters may face bonds to fund new elementary and junior high facilities, with levies projected to raise about 1.08 million this year and future bonds spreading across six mills. The situation follows earlier reports on abandoning debt-free growth and expands to implications for senior high school expansion.
Reports from Buenos Aires indicate all cabinet members submitted their resignations to President Juan D. Peron after talks with military leaders. The move accompanies plans to finance school construction and manage rising costs, while Lorain faces enrollment growth and potential bond or levy strategies.
United Press reports in 1955 that the U.S. public debt rose to about 277.012 billion by May 31, near the WWI peak of 277.912 billion. The Treasury expected a June 1966 close with a red ink around 4.5 billion for the year and a 2.408 billion deficit outlook for the next year.
Rome reports Italian Premier Craioa Scelba, leading the Christian Democratic party, resigned after a party split over cabinet reorganization. President Gronchi will confer with leaders to select a new premier as the coalition fracturing continues.
President Eisenhower accepted Army Secretary Robert F. Stevens resignation for personal reasons and named Wilber M. Brucker of Michigan as his successor. Brucker, 53, has been general counsel of the Defense Department since 1954 and served as Michigan governor in 1931–32, with earlier posts as attorney general and county prosecuting attorney. Stevens rose to prominence during McCarthy hearings. the move comes as defense and fiscal debates shape the 1956 political year.
Partly cloudy today with high near 78. Tonight cloudy with scattered showers and low 52 to 56. Thursday remains partly cloudy and cool. Tuesday temperatures ranged from 63 to 36 with a year-ago spread of 72 to 44. Humidity hit 73 percent at 8 am, fell to 47 at 2 pm, and rose again by 8 pm. A search was started for an unidentified victim along the Vermilion River after a reported incident.
Governor Lausche appointed Paul Hinkle to succeed Thurman Hazard as state superintendent of banks. Hinkle, a Miami University graduate and former Rockford high school teacher, will assume duties July 12. He previously directed public relations for the First National Bank of Celina and served as Mercer county clerk of records. He spent four years in the Navy, leaving as lieutenant commander.
A Paterson New Jersey report notes Mrs. Douglas Gillespie, Sunday school teacher at Eastside Terrace Methodist Church, asked her class to draw impressions of King David and six children drew Davy Crockett coonskin caps.
The unofficial Chinatone News Agency reports a Red Chinese garrison west of Hangkow revolted on May 26 and defected to a Nationalist supported faction. The piece notes cabinet turmoil, Eisenhower’s praise for Stevens, and a looming vote on confidence as reshuffles target unity in the government.
In San Francisco, Molotov hinted at a package plan for UN membership tying in non Communist states with which the Soviet Union has treaties such as Italy Finland and Austria. The price would be allowing entry of Hungary Romania and Bulgaria as Soviet satellites, though no U.S. sign of willingness is noted.
The article notes Molotov at a UN commemorative meeting likely to reiterate co existence rhetoric while avoiding pressing UN acceptance of his view. Britain’s MacMillan seeks assurances he won t derail a Big Four Geneva summit deal. Also brief items on odd dressed kids and local laundry services ads appear in the page segment.
Tom M. Firdler, founder and chief executive officer of Republic Steel Corp, announced his retirement at 78 during a board meeting. Charles M. White was named to succeed him as president, with Firdler remaining as board chairman, a position no one else has held.
U S champion Vic Seixas, a Dav is Cup star, was upset by American Gil Shea in a five set second round men’s singles match at Wimbledon. Shea won 3-6 6-4 6-4 4-6 6-4 in a surprising upset.
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