Truman Reports Forecast Record Tax Increases to Congress
President Truman submitted a midyear economic report in which White House and Council of Economic Advisers officials warned of inflation risks and urged substantial tax hikes. They projected new taxes around ten billion dollars annually, with an initial five billion dollar boost sought for corporations and individuals. The CAR urged immediate action beyond the stopgap measures to avoid deficits and balanced-budget pressures.
MENTIONED IN THIS ARTICLE
Washington
Truman
Congress
Council of Economic Advisers
Council
Breakdown on Proposed Tax Boost in Korea Policy
The report notes President Truman’s quick tax boost proposals aiming to raise government revenues by up to 50 billion dollars annually. It argues that unless taxes are increased promptly and drastically, existing restraints will fail and the treasury will remain in the red amid looming security alarms and potential attacks.
MENTIONED IN THIS ARTICLE
Mr. Truman
Treasury
Washington high school English teacher resigns after 29 years
Helen Wilson, longtime English teacher at a Washington high school, has resigned. School officials report the resignation was accepted with regret and say a search for her successor is underway.
MENTIONED IN THIS ARTICLE
Helen Wilson
Washington High School
Miss Wilson
Results for Sale Spray Yellow Transparent Apples
An ad claims quick delivery of yellow translucent apples anywhere in town with same evening service. The advertiser notes rapid repeated results after the first appearance and urges others to try Classified ads to achieve similar outcomes.
Armed Services Seek To Meet Needs With Reservists Not Draft
Washington reports the armed forces aim to fill manpower gaps with reservists, seeking 600 000 to 700 000 officers and men, preferably veterans, to avoid a new draft. Marine Corps would rise from 74 000 to about 131 000. Vinson urges substantial enlargement. Congress backs extending enlistments and lifting ceilings, while Marines’ tactical air support and Korea needs drive calls for a larger corps.
MENTIONED IN THIS ARTICLE
Armed Services
Washington
Marine Corps
Truman
Carl Vinson
Vinson
Marine Air Arm
Korea
Wellington
New Zealand
Iowa Democrats Nominate Three For Court Post
Iowa Democrats at the state judicial convention nominated four candidates for the state supreme court with Jesse Marshall of Sioux City joining Leonard Ryan of Audubon Frank Messer Ilona City and Horace Van Metre of Waterloo in the race. Delegates also heard potential names Marion Hirschburg Ames and Erwin Larson Charles City. The party announced U S senator candidate Albert J Loveland and governor candidate Lester S Gillette would be introduced at the June 5 primary. Attendance was expected to be well below 2 088 delegates eligible. Republicans to hold their judicial convention Friday.
MENTIONED IN THIS ARTICLE
Des Moines
Iowa
State Supreme Court
Jesse Marshall
Sioux City
Leonard Ryan
Audubon
Frank Messer
Ilona City
Horace van Metre
Waterloo
Marion Hirschburg
Ames
Erwin Larson
Charles City
Albert J. Loveland
U. S
Lester S. Gillette
Riverside Publisher Active in California
The Journal reports Roy G. Miller former Riverside Leader publisher and current Tracy Press general manager now under Laura E. Matthews widow of Harvey Matthews. Matthews died in April 1949 before a new plant building. Miller will handle publishing details for Mrs. Matthews who continues the business.
MENTIONED IN THIS ARTICLE
the Journal
Roy G. Miller
Riverside Leader
Tracy Press
Tracy
California
Laura E. Matthews
Harvey Matthews
Matthews
Mr. Miller
Truman Sees U S Economy Withstanding War Strain
President Truman told Congress the American economy can endure Korean War strain with industry labor and consumer cooperation. He urged boosted production cautious spending and no inflationary wage demands while proposing four key measures including a 1 billion interim tax program credit controls and industrial expansion loans.
MENTIONED IN THIS ARTICLE
Truman
U. S
Washington
Congress
United States
Loan Rates Set for 1954 Oats and Wheat in Washington County
Howard L. Witting chair of the Washington County PMA announced CCC loan rates for 1954 oats at 71 cents per bushel and wheat at 2.07 dollars. Loans available after 30 days in storage and run until January 31, 1951, maturing April 30, 1951. Oats must grade No 3 or higher. wheat requires planting within the 1950 farm wheat allotment.
MENTIONED IN THIS ARTICLE
Howard L. Witting
Washington County
PMA
CCC
Direct Mortgage Loans Authorized to Veterans
Iowa veterans administration approves direct government mortgage loans for World War I veterans in counties lacking four percent private financing. Loans may be issued in areas where four percent funding is unavailable, with 15 counties exempt from authorization and a Housing Act of 1950 funding path outlined.
MENTIONED IN THIS ARTICLE
Des Moines
Iowa Veterans Administration Office
T. Robinson
Iowa
Blackhawk
Clinton
Dallas
Dubuque
Harrison
Henry
Jasper
Linn
Volk
Pottawattamie
Scott
Washington
Webster
Woodbury
Robinson
Congress
American Forces Launch Surprise Push Near Pusan
United Press reports advancing U S units drive back Reds around Pusan as MacArthur calls front optimistic. Allies consider adding Turkish American troops and New Zealand artillery volunteers while Washington weighs reservist needs and a looming $10 billion annual tax burden.
MENTIONED IN THIS ARTICLE
Korea
U. S. 1St Cavalry
25Th
Pusan
Gardner Graveside Services Friday
Amy Gardner former Lexington resident died July 13 at her home in State College Pennsylvania after a brief illness. Ashes to be interred in Lexington cemetery Friday at 5 50 p m grave side service by Rev Walter A Smith. Survivors include brother Arthur Gardner of Wellman step sister Gladys Simms of North Dakota and several Washington cousins.
MENTIONED IN THIS ARTICLE
Amy Gardner
Lexington
Sate College
Walter A. Smith
Miss Gardner
Sam Gardner
Pennsylvania
Eollege
Washington
Arthur Gardner
Wellman
Gladys Simms
North Dakota
Walter A Smith
Laura Longwell
Clara Patterson
Clarence Timmons
Gertrude Tipton
Tennis class invites adults at Lincoln school court
An invitation urges adults to attend a tennis instructional session at Lincoln school court Thursday at 5 PM. The regular session will be held then.
MENTIONED IN THIS ARTICLE
Lincoln School Court
July 31 Deadline for Corn Loan Notes in 1948 1949
Corn loan notes for 1948 and 1949 under the CCC program are due Monday July 31 per Washington County PMA chairman Howard L Wittrig. Borrowers must notify the County Committee by July 31 of their plan, with options to reseal, deliver to CCC, redeem, or extend loans to 1961. Delivery starts August 1 1950 and rates noted include 139 and 105 per bushel for 1948 and 1949.
MENTIONED IN THIS ARTICLE
Ccc
Howard L. Wittrig
Washington County Production Marketing Administration
Wittrig
Aday
Riverside Youth Dies at 23 in Riverside Area
Elizabeth Bulger Horak 23 of Riverside route one died Tuesday night at her mother’s home. Funeral services set for Friday at 9 in St Mary’s church with Rev Thomas Wolfe presiding. Burial in Mt Olivet cemetery. Survived by mother Gertrude Bulger, three sisters, two brothers, and her husband Dale Horak.
MENTIONED IN THIS ARTICLE
Riverside
Dale Horak
Riverside Route One
Gertrude Bulger
Here
St. Mary’s Church
Thomas Wolfe
Mt. Olivet
Bulger
Elizabeth Bulger
Ivo
St. Mary's High School
Ralph Walsh
Iowa City
Lorence Marek
Ralph Schlatter
Leon
Lowa City
John
Fourth Polio Victim In County at Iowa City
David J. Simmering two year old son of Mr and Mrs John Simmering of Ainsworth was admitted to University hospital at Iowa City for treatment of polio. He is the latest in a series of polio reports in the vicinity during the past weeks.
MENTIONED IN THIS ARTICLE
David J. Simmering
John Simmering
Ainsworth
University Hospital
Iowa City
David
YWCA Hike Invites Girls to Bicycle Event
The YWCA invites girls from fourth to eighth grade to a bicycle hike Thursday at 2 PM. Participants meet at Lincoln School and should bring a sack lunch.
MENTIONED IN THIS ARTICLE
YWCA
Lincoln School
Marriage license issued to two residents this week
A marriage license was issued Tuesday to Max M. White Jr. of Ainsworth and Dorothy Lee Fellin of Washington, officially recording their union.
MENTIONED IN THIS ARTICLE
Max M. White Jr
Ainsworth
Dorothy Lee Fellin
Washington
US forces open surprise counterattack near Pusan port
American troops strike the Korean south coast to defend Pusan. Hadong is reported captured after a night push with Fifth Air Force support. MacArthur notes heavy Communist pressure but says US and South Korean divisions hold key positions as lines adjust near Yongdong and along the west coast toward Pusan.
MENTIONED IN THIS ARTICLE
Tokyo
Pusan
Hadong
Douglas MacArthur
U. S
U.S. Fifth Air Force
MacArthur
Yongdong
Korea
U.S. First Cavalry
Former Resident Dies In Minnesota Tuesday
Charles J. Krotz, 61, died at his Mora Minnesota home on Tuesday. A former Washington resident, he moved away in 1910. Survived by wife seven children mother three brothers two sisters and three grandchildren.
MENTIONED IN THIS ARTICLE
Charles J. Krotz
Mora
Minnesota
Washington
Des Moines Weather Outlook Clear With Warm Temperatures
Des Moines Iowa forecast calls for sunny today with highs around 80 to 85 degrees. Tonight partly cloudy with isolated thunderstorms in extreme west. Thursday partly cloudy with a high near 80. Lows 54 to 58. Winds gentle and variable. Outlook: partly cloudy Friday and Saturday, scattered showers Thursday night and Friday, little temperature change.
MENTIONED IN THIS ARTICLE
Des Moines
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The
United
S&s
Wilson
Southern College At
LaGrange
Iowa State College
Colorado University
State University of Iowa
He Wants
House
Senate
White House
W. Sterling Cole
N. Y
Rep. L. Mendel Rivers
3. C
Demos
Court Post
Economic Council
Bernard Baruch
United Press
Russia
Ankara
Turkey
Brisbane
Australia
Taejon
U. S. First Cavalry
Taegu
International Soundphoto
Dale Horack
Ywca Hike
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