Income Tax Debate Shapes Next Congress Session
Washington movers argue over a new tax bill with a community property provision. Democrats warn gains favor big earners while Republicans tout relief, as inflation and Europe aid loom large in a volatile partisan clash.
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Congress
Oregon
Washington
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New Mexico
Arizona
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Idaho
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Ways and Means Committee
Europe
London Talks Set to Open as Four Powers Meet
The looming Big Four foreign ministers conference in London on November 26 fuels pessimism about breakthrough in Germany and Austria peace treaties. US, Britain, France, and Russia remain sharply divided. a failed conference could push the US toward a separate German peace, widening a split with the USSR. Calls grow in the US to act decisively and strengthen military and economic posture. Grain price volatility prompts arguments over cause and possible investigations into grain exchanges and over export levels.
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U. S
Great Britain
France
Russia
Germany
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Marshall
Molotov
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Grain exchanges seek congressional probe into price rise
Major grain exchanges led by Chicago Kansas City and Minneapolis request a joint committee inquiry into cereal price hikes. They blame government export purchases and administration bungling while Truman accuses speculation. Sen Taft promises hearings as mutually shifting blame ensues. In other news Czechoslovakia names Klement Gottwald as strongman consolidating Communist control in Slovakia.
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Europe
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Republican Policy Committee
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Taft
Joint Committee On the Economic Report
Chicago Board of Trade
Kansas City Board of Trade
Minneapolis
Grain Exchange
Czechoslovakia
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Klement Gottwald
Slovakia
Gottwald
Agricultural Revolution Dooms Old-Fashioned General Farm
Louis Bromfield argues that the old general farm pattern is doomed as American agriculture shifts toward specialized, mechanized operations. He cites a 100-acre apple and corn farm earning $33,000 with year-round labor vs a general farm at $6,000–$7,000 gross. The trend reflects a broader agricultural revolution driven by industrialized society, with future farming seen as business, science, and specialization.
Installment Buying Curbs End and Prices May Rise
Government controls on installment buying ended November 1, shifting purchases to consumer-dealer negotiations. Retailers may lower down payments, boosting demand while supply may not rise, risking higher prices. Economists warn installment credit can fuel booms and depressions as easy terms tempt overbuying and later liquidation reduces income.
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Congress
Black Flags Spur Army Safety Plan at Fort Lewis
Fort Lewis officials launched a safety program to heighten accident awareness. Separate unit headquarters will display white flags on roof flags and replace them with black flags if personnel are hospitalized or killed.
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Black Flags Spur Army Safety Plan
Fort Lewis
Wash
Never Too Old Albany News Grid Highlights Aged Inquiry
Albany report shows legislative group led by Des Mond chairmen Thomas Desmonte presenting evidence that a senior citizen over 65 treated himself as an apprentice while addressing concerns about aging. The item reflects a focus on elderly issues and state inquiry practices.
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Albany
Ben
Thomas
Desmond
Lord's Acre Nets $30 000 for Needy
Byron N. residents harvested a $30,000 Lord's Acre crop with proceeds to global relief. An auction drawing 7,000 buyers offered cooperative goods and local produce from adjacent lands. The sale backed a yearlong effort to ease worldwide suffering and support three charitable bodies. Nine needy families abroad will be aided through the donations by the National Catholic Welfare Association, Protestant Restoration Fund, and United Jewish Appeal.
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National Catholic Welfare Association
Protestant Restoration Fund
United Jewish Appeal
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