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Newspaper
The Diller Record
Location
Diller, Nebraska, United States of America
Date
Sep 18, 1947
Page
2
The Western Newspaper Union reports a strong rise in farm income this week while warning of a fresh European financial crisis. Rail workers are set for a pay increase as new economic tensions emerge.
An Agriculture Department briefing shows farm cash receipts for the first eight months of 1947 at 17.4 billion dollars, up 21 percent from 1946, with net farm income rising despite higher operating costs. Europe’s crisis and Marshall plan prospects frame broader economic pressure, while U.S. railways eye wage boosts and freight-rate hikes to fund rising costs.
In a nationwide wave, nine million veterans cashed 1.8 billion in bonds, despite Treasury pleas to hold until maturity. Many used the cash to pay debts or buy necessities, while others reinvested or saved. A notable share faced inflation risk as bonds were converted for immediate cash. Radioactive isotope sharing with foreign nations marks a new U S gesture in global health efforts and peace prospects.
Ernest Bevin argues in a British Trade Union Congress speech that Fort Knox gold could ease economic chaos by boosting purchasing power in devastated areas. He frames redistributing U S gold as a quick way to aid global recovery and cautions against focusing only on broad world trade reforms.
Economists and Treasury officials voiced a wide range of opinions on Bevin's plan. One Treasury man mocked the idea as foolish and outlined a demand for gold akin to paying 35 dollars an ounce, reflecting skepticism across the sector.
Bevin argues the United States harmed itself by not redistributing Fort Knox gold, calling it a sly bid to rally public opinion and claiming the country bears high taxation from that policy. He labels the gold stockpile as mined and idle while opportunities are wasted.
The former president Herbert Hoover questioned U S entry into World War II and Pearl Harbor, claiming a delayed conflict might have preserved economic strength and led to a peaceful outcome. He also criticized Treasury money printing and praised colored currency ideas while attacking Treasury spending.
Charlie Skouras, a West Coast theater magnate, led national earnings for 1945 with total pay of 568 144 dollars. The figure reflects the era’s big studio and circuit profits.
A reader quiz lists answers to questions on sharks color blood Texas independence and more. Notable entries include Sam Houston as first Texas president, Denver Colorado as the one mile up city, and the Battle of Bunker Hill as the battle where troops held fire.
The first ten amendments to the U.S. Constitution were proposed in 1789 but not ratified until 1939. Connecticut Georgia and Massachusetts voted to approve, enabling the Bill of Rights to take effect.
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