Fed Cuts Bank Reserve Requirements on Several Tiers
The Federal Reserve Board eased lending restraints by cutting reserve requirements for member banks. Central reserve city banks in New York and Chicago drop from 26% to 24% on demand deposits. other city banks from 22% to 21%. small town and rural banks from 16% to 15%. Time deposits also fall from 7% to 7% in central and other cities and similar cuts for country banks. Officials estimate about 1.2 billion dollars in lending funds become available, with White House notified beforehand.
MENTIONED IN THIS ARTICLE
New York
Chicago
Central Reserve
Truman
Federal Reserve
White House
Truman Urges U S Senate To Back ITO Charter
President Truman asked Congress to approve U S membership in the international trade organization saying it is a forward step in foreign policy and could prevent new world trade barriers. He warned without ITO charter approval a vicious cycle of tariff walls may follow and stressed the charter aims to expand world trade and aid developing nations.
MENTIONED IN THIS ARTICLE
Washington
Truman
Congress
U. S
International Trade Organization
ITO
United Nations
Havana
Cuba
Carnation Day Set in Pocatello May 7
May 7 was proclaimed Carnation Day in Pocatello by Mayor George R. Phillips. The annual American War Mothers fundraiser began in 1924 and this year’s proceeds, with half kept by the local AWM chapter, will fund a memorial monument for Pocatellans who served in World War II.
MENTIONED IN THIS ARTICLE
Pocatello
George R. Phillips
Congress
Della L. Buehler
Pocatello Awm
Rail Worker Awarded 41000 in Damages
Ban nock county district court jury awarded ex railway worker Lloyd Cumings 41000 after he sued Union Pacific for a February 1948 injury. The six person jury delivered the verdict to Judge Isaac McDougall, with damages itemized as 40 for injury, 736 for lost wages, 336 for medical expenses, and 100 for future medical care. Doctors testifying suggested the injury could cause insanity and witnesses described post accident fainting and impaired vision.
MENTIONED IN THIS ARTICLE
Bannock County
Lloyd Cumings
N. Main St. Cummings
Union ‘Pacific Railroad
Isaac McDougall
Robert M. Terrell
Cumings
Cummings
Petersen to lead Pocatello Rotary for upcoming year
Carroll R. Petersen will head the Pocatello Rotary Club next year after a unanimous vote at the weekly luncheon. William S. Hill moves to vice president, Rae P. Stratford becomes secretary treasurer, and J. B. Blackhurst, W. C. Carnes and John R. Terrell join the board. Prof. Bluford Minor of Idaho State College spoke on community facilities and the need for a survey to guide federal aid tied to the atomic reactor plant location.
MENTIONED IN THIS ARTICLE
Pocatello Rotary Club
Carroll R. Petersen
Petersen Furniture Store
Petersen
William S. Hill
Rae P. Stratford
J. B. Blackhurst
W. C. Carnes
John R. Terrell
Bluford Minor
Idaho State College Department of Education
Minor
Vaughn Monroe Band Bus Catches Fire En Route to Morgantown
Vaughn Monroe and his orchestra escaped unharmed when their bus caught fire on a mountain descent near Morgantown West Virginia. Investigators said brake linings ignited the blaze, causing about 30000 dollars in damage to the bus and personal belongings.
MENTIONED IN THIS ARTICLE
Morgantown
W. Va
Vaughn Monroe
Monroe
Inland Industrial plans steel fabrication center in Pocatello
Inland Industrial Supply Co announced as distributor for Butler Manufacturing Co plans a 100000 square foot one story steel building north of Pacific Fruit Express site in Pocatello. Groundwork could start within weeks with about 30 local employees and operations expected in about 60 days. The plant will ship steel parts from California for on site fabrication with aims to serve grain elevators and possibly a bonded warehouse for local merchants.
MENTIONED IN THIS ARTICLE
Pocatello
Inland Industrial Supply Co
Butler Manufacturing Co
Kansas City
Chamber of Commerce Commercial and
Whitman Hotel
Union Pacific Railroad
Pacific Fruit Express Company
Main Street
Harrison Street
American Falls
F. L. Cate
Chamber
Pocatello Center
California
Cate
Salt Lake City
Utah
Southern Idaho Equipment Co
Idaho Falls
House Demos Get Warning
President Truman threatened to withhold federal patronage from Democrats in the House who oppose Taft Hartley repeal and other planks. Administration lieutenants awaited the impact, especially on southern Democrats whom they have pursued for labor legislation compromise. Some leaders privately said the move jolted southerners who appeared to be the main target.
MENTIONED IN THIS ARTICLE
Washington
Truman
Atomic Area Hearing Set Next Week
Hearings will be held Tuesday in Washington D C by the atomic energy committee to allow the engineering firm to reply to charges raised by a Montana delegation. Senator Glen H Taylor of Idaho said he would testify if needed. Experts from the firm previously surveyed locations for the reactor station.
MENTIONED IN THIS ARTICLE
Washington, D. C
Atomic Energy Committee
Montana
Pocatellaxpost
Glen ‘H. Taylor
Ida
Arco
Commission
Motorcycle strike injures city girl at Arthur and Sherman
Nine year old Colleen Trimming daughter of Mr and Mrs Jack Trimming 940 N Garfield Ave was slightly injured when struck by a motorcycle driven by Albert Baird 406 W Carson Jr Thursday afternoon The accident occurred at Arthur and Sherman streets She was taken to General Hospital for first aid treatments Only charge against Baird was operating a motor vehicle with no driver's license
MENTIONED IN THIS ARTICLE
Colleen Trimming
Jack Trimming
Garfield Ave
Albert Baird
W. Carson Jr
Arthur and
Sherman Streets
Miss Trimming
General Hospital
Baird
Free Europe Goal Sought by Hoffman in Cleveland
Paul G. Hoffman, head of the ECA, told the Cleveland Round Table dinner that a strong Europe, aided by the Marshall Plan, could prompt the Kremlin to abandon aggressive policies and choose coexistence. He said the plan halted Moscow’s advance in western Europe and reversed the tide, not as a tool for cold war fighting.
MENTIONED IN THIS ARTICLE
Cleveland
Paul G. Hoffman
Economic Cooperation Administration
Europe
Kremlin
Hoffman
Cleveland Round Table
National Conference of Christians and Jews
GOP Women Elect National Republican Club Officers
Mrs. Iran H. Campbell was elected president of the Women’s National Republican Club. She succeeds Mrs. Walter H. Mallory as first vice president. Soviet Kerr Underwood, a novelist, was chosen second vice president, and Mrs. Wendell Willkie was named corresponding secretary.
MENTIONED IN THIS ARTICLE
New York
Iran H. Campbell
Women's
National Republican Club
Walter H. Mallory
Soviet Kerr Underwood
Wendell Willkie
Pyramid's Operators Are Fined in Lotteries Case
Seven of eight pyramid club operators in Dedham Massachusetts were convicted on lottery charges and fined $50 each. Judge Gilbert W. Cox said the group were hypnotized by the craze but violated the law. Names include Frederick Neall and Alfred Levine with Carl Carlson. Lillian Carlson was acquitted. Police noted large sums moved through the club, with some cash paid to two defendants, while payoffs appeared random rather than timed.
MENTIONED IN THIS ARTICLE
Dedham
Mass
Gilbert W. Cox
Worcester
Frederick Neall
Westwood
Ned I. Stewart Jr
Norwood
Alfred S. Levine
Carl B. Carlson
Carlson
Lillian
Thomas C. Lydon
Johnson says U S defense cannot be cut further
Defense Secretary Louis Johnson testified before the Senate urging Congress to ratify the North Atlantic pact and provide 1.13 billion for military aid to allied members. He argued arms shipments to Europe must be funded without cutting U S defense spending, and preferred scrapping the program over budget cuts.
MENTIONED IN THIS ARTICLE
Washington
Louis Johnson
U. S
Europe
Senate Foreign Relations Committee
Congress
United States
Brush and peat fires sweep northern Minnesota
More than 125 fires burned through dry brush and peat in northern Minnesota. Anson E. Pimley, head of the state forestry division, said April records show the worst for fires with about 300 men fighting and thousands of acres alight as heavy winds pushed smoldering peat into surface flames.
MENTIONED IN THIS ARTICLE
ST. Paul
Minn
Minnesota
Anson E. Pimley
State Forestry Division
Pimley
Communist Troops Close On Shanghai As Advances Near Hangchow
China dispatches report Red forces push toward Hangchow within 25 miles and link two Yangtze crossing columns after capturing Wukang Shaofeng and Wooshin. Canton says Peiping peasants block nationalist peace delegates. Authorities fear Shanghai fall and begin house to house patrols.
MENTIONED IN THIS ARTICLE
Shanghai
China
Hangchow
Shanghai-Canton
Wukang
Yangtze
Wooshin
Shaofeng
Nanking
Wuhu
Canton
Three-Train Collision Kills Many In Johannesburg
A three electric commuter train crash near Orlando township kills over 60 and injures about 120. Ambulances rush to the scene as blood donors are requested while relatives, police, and doctors search the wreckage for survivors.
MENTIONED IN THIS ARTICLE
Johannesburg
So. Africa
Orlando
Acheson outlines US stance on Germany and Berlin
Secretary of State Dean Acheson said the United States will do its utmost to reach a mutual German settlement with Russia but will not compromise core principles. He warned that European security and Western efforts to revive democracy and stability in Germany must be preserved, even if a new Big Four meeting follows talks on lifting the Berlin blockade.
MENTIONED IN THIS ARTICLE
New York
Dean G. Acheson
U. S
Russia
Germany
Berlin
Soviet Union
Europe
Union at Liberty to Strike Over Second Engine Demand
Officials of the Brotherhood of Locomotive Engineers rejected a presidential fact finding board report denying a second engineer on multi unit diesels. A strike could target 15 western railroads May 11 if not resolved. The walkout was postponed previously by President Truman under railway labor act procedures.
MENTIONED IN THIS ARTICLE
Chicago
Brotherhood of Locomotive Engineers
Western
James P. Shields
Shields
Truman
BLE
Brotherhood of Firemen and Enginemen
Illinois, Central
Santa Fe
Milwaukee
Neowestern
Burlington
Rock Island
Great Northern
Missouri Pacific
Texas and Pacific
Northern Pacific
Union Pacific
Southern Pacific
Western Pacific
St. Louis
San Francisco
Ford Strike Plan Halted At Ford Rouge Lincoln Plans
The CIO United Auto Workers executive board withheld permission for a strike by 62 000 Ford workers but authorized a walkout at Lincoln division. It postponed action at the Rouge plant pending a union committee probe into speedup practices. May 5 was set as the strike date for 3 500 Lincoln workers.
MENTIONED IN THIS ARTICLE
Detroit
CIO
United Auto Workers
Ford Motor Co
Ini Company
Lincoln
RE Rouge
Rouge
Ford
Uaw-Cio
Walter Reuther
Also Mentioned on This Page
Federal Reserve Board
Pocatello Chamber of Commerce Commercial and Industrial Committee
The
Industrial Supply Co
C. H. McVey
Butler
G. T. Haupert
Portland
S. L. Cate
Charles H. Bohrer
Pocatello Lumber Co
Mendy
C.R. Petersen
Rotary
Free Europe
GOP
Pyramid
U.S. Defense
Joan Houchens
ISC
W. W. Halsey
Ernest Lehman
Peiping
Chang Chih Chung
U.S
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!