Harvard Economist Warns of Possible 1929 Style Crash
Harvard economist John K. Galbraith told the Banking Committee the United States may be entering a boom bust cycle that could end in a 1929 style crash. He urged readiness to halt credit buying of stocks and other emergency brakes if the bull market continues. He cited safeguards and warned the fundamental problem of containing a speculative orgy remains unsolved. He offered four recommendations including raising margin requirements to 100 percent and clear warning against runaway speculation.
MENTIONED IN THIS ARTICLE
Washington
John K. Galbraith
Harvard
United States
Galbraith
Theate Banking Committee
Wall Street
Stock Exchange
Federal Reserve
Lynchburg to Host Private Atomic Plant for Nuclear Power Push
Babcock and Wilcox announces a privately financed Virginia facility near Lynchburg to build reactors and equipment for atomic energy. The Campbell County site covers 300 acres. the 100000 square foot plant should begin grading in two weeks with about 100 workers, rising to 500 by late 1956.
MENTIONED IN THIS ARTICLE
Lynchburg
Atoms For Peace
Lyncheurg
Babcock and Wilcox Co
New York
Virginia
C. H. Gay
Babcoe and Wilcox
Campbell County
James River
Gay
Court Martial Acquits Major of Aiding Enemy
Major Am brose H. Nugent is acquitted by a nine-member court martial after a 38 month POW in Korea. The seven week trial at Fort Sill was the longest in U S military history with nine specifications. he plans to resume his Army career after a brief leave.
MENTIONED IN THIS ARTICLE
FT. Sill
Okla
Ambrose H. Nugent
Field Artillery
Korea
U. S
Nugent
Merrill
Wis
Wisconsin National Guard
Clarke May join Winchester Health Unit proposal discussed
Clarke County may merge into the Frederick County Winchester Health Unit to extend services such as School Dental and Immunization Clinics and Public Health Clinic. The board postponed action for study and citizen input, with a Berryville branch to be directed by Dr. A. L. Lindall if merged.
MENTIONED IN THIS ARTICLE
Berryville
Board of Supervisors
Clarke County
State Health Department
Frederic County- Winchester Health Unit
Clarke
Winchester
Frederick County
Visiting Nurses Association
Frederick County-Winchester
A. L. Lindall
Frederick County Winchester
CIA Plans 38 Million Dollar Building at Langley
The Evening Star reports the government’s Central Intelligence Agency proposed a 38 million dollar office building at Langley Virginia across the Potomac River from Washington.
MENTIONED IN THIS ARTICLE
Washington
The
Evening Star
Central Intelligence Agency
Langley, Va
Potomac River
Weather Warm Up Expected Tomorrow
Today's highs reached 35 degrees, up from 32 yesterday, with a low around 21. Tonight and tomorrow look for cloudiness and a warming trend, per the AP forecast. Last year on this date the high was 57 and the low 30.
MENTIONED IN THIS ARTICLE
Winchester Fruit Research Laboratory
Associated Press
Ohio Flood Swells Drenching Four States
Flood surge on the Ohio River forces hundreds from shorelines in Ohio West Virginia Kentucky and Indiana. Officials call it a major flood with crest forecasts near Cincinnati and Gallipolis while Red Cross reports thousands affected and millions in potential damage.
MENTIONED IN THIS ARTICLE
Cincinnati
Ohio
West Virginia
Kentucky
Indiana
Weather Bureau
American Red Cross
Red Cross
Gallipolis
Henderson
W. Va
Kingston
Nine Cars Pile Up On New Expressway
Nine cars collided in a chain on Detroit's Edsel Ford Expressway. Police issued three traffic tickets with one minor injury. Car No 1 stalled. subsequent pushes and sudden stops triggered a nine car pileup. seven autos were towed from the scene.
MENTIONED IN THIS ARTICLE
Detroit
Surgeon Dies While Operating in Detroit Area
Dr. William H. Honor aged 76 collapsed and died of a heart attack yesterday while performing surgery at Wyandotte General Hospital. Assistant Dr. Daniel C. Thomas completed the procedure and reported the patient in satisfactory condition.
MENTIONED IN THIS ARTICLE
Detroit
William H. Honor
Wyandotte General Hospital
Daniel C. Thomas
Atomic blast debris drifts across U S as tests loom
Wind blown remnants from the latest A-bomb test drifted across the nation under Atomic Energy Commission observation. One mass moved toward North Carolina, another toward Arkansas and Missouri. No injuries were reported as 575 service personnel evacuated trenches near ground zero.
MENTIONED IN THIS ARTICLE
Las Vegas
Nev
Atomic Energy Commission
California
Pacific
AEC
Yucca Flat Proving Ground
Mexico
Utah
Colorado
Kansas
Oklahoma Panhandle
North Carolina
Arkansas
Missouri
Virginia Five Day Weather Outlook March 9 to 13
Extended outlook for Virginia notes temperatures near normal with warm spell midweek and weekend warmth after a colder Friday. Rain is possible over the weekend with total precipitation between one tenth and three tenths of an inch.
MENTIONED IN THIS ARTICLE
Richmond
Virginia
Dulles Sees Chinese Reds Likely to Move on Formosa
Secretary of State Dulles, back from the Far East, expressed belief that the Chinese Communists will soon take military action against Nationalist-held islands off Formosa. He outlined the view in briefings and a national radio TV address, stressing defense of Quemoy and Matsu if attacked.
MENTIONED IN THIS ARTICLE
Washington
Dulles
Formosa
Far East
Senate Foreign Relations Committee
House Foreign Affairs Committee
Chiang Kaishek
Quemoy
Maisu
Red
Eisenhower
Matsu
Red China
Anthony Eden
Service Station Attendant Killed in East End Robbery
Don Keyes the 24 year old night attendant at Checker Oil Station in Columbus was shot through the left temple during a robbery. Police reported a shotgun caused the fatal wound and a cash drawer was broken into in the back room where his body was found. Keyes who worked nights while attending Ohio State University had a family and two children. A single dollar bill was found in his billfold.
MENTIONED IN THIS ARTICLE
Columbus
Ohio
Don Keyes
Checker Oil Station
Peter Lombardi
Keyes
Ohio State University
College of Education
Lombardi
Walter Nice
Billfeld
Jericho Walls Extended Back Eight Thousand Years
Archaeologists led by Kathleen Kenyon at Jericho uncover multiple concentric walls dating up to 8000 years old marking 22 to 23 wall cycles before the Joshua era. Excavations reveal mud brick and burnt brick or stone walls, tools, and Elisha's Well near an eight acre site showing long term settlement and agricultural livelihood.
MENTIONED IN THIS ARTICLE
Jericho
Jordan
Thes Walls
Joshua
Canaan
B. C
Kathleen Kenyon
London University
British School of Archaeology
American School of Oriental Research
Jerusalem
Josha
Miss Kenyon
Kenyon
Tel
Egypt
Walt Disney and Danny Thomas Lead TV Academy Winners
Walt Disney and Danny Thomas each won two Emmys at the seventh annual Television Academy awards. Disney won for best variety series and for a Disneyland episode Operation Under Sea. Thomas won best actor in a regular series for Make Room for Daddy and best situation comedy series for the show. Loretta Young became the first actress to hold both an Oscar and an Emmy. Other winners included George Gobel Art Carney Audie Meadows and John Daly with awards across ABC NBC and CBS.
MENTIONED IN THIS ARTICLE
Hollywood
Walt Disney
Danny Thomas
ABC
NBC
George Gobel
Loretta Young
Art Carney
Audrey Meadows
CBS
Jackie Gleason
Ywards
The
Television Academy
Nbc-Tv
Disney
Thomas
Daddy
Carney
Miss Meadows
Gillette Calvacade
Lassie
Art Linkletter
Robert Cummings
Studio One
Judith Anderson
Miss Carper Named Honorary Fire Chief at Round Hill Parade
Margaret Ann Carper will serve as Honorary Fire Chief of Round Hill Community Fire Company for the Shenandoah Apple Blossom Parade. A James Wood High School graduate and Lupton Orchard Service employee, she leads the Round Hill 4-H Club song and serves as a Presbyterian Youth Group officer. The in town Fire Chief for the night parade will be chosen March 18 at Capitol theatre.
MENTIONED IN THIS ARTICLE
Margaret Ann Carper
Round Hill
Eisenhower Cancels Morning Appointments Due to Cold
President Eisenhower cites slight cold symptoms and remains in his living quarters. First Lady ill with flu, White House says Major General Snyder, the White House physician, attends him as a possible noon return is hoped. Hagerty describes absence as a protective measure.
MENTIONED IN THIS ARTICLE
Washington
Eisenhower
James C. Hagerty
White House
Hagerty
Howard M. Snyder
Mann to Address Memorial Hospital Medical Staff Meeting
Dr Geoffrey T Mann M D LL B chief medical examiner for the state health department in Richmond will speak on Unusual Aspects of Medico Legal Practice at Memorial Hospital's monthly scientific meeting. The 8 30 p m event at Memorial Hospital is led by Dr E Willis Lacy Jr president with Dr J B McKee chairing the scientific committee including Dr M D Custer Jr and Dr W P McGuire.
MENTIONED IN THIS ARTICLE
Geoffrey T. Mann
State Department of Health
Richmond
Memorial Hospital
Mann
E. Willis Lacy, Jr
J. B. McKee
M. D. Custer, Jr
W. P. McGuire
Kiwanis Talk on Chemistry by Miss Gardner
Miss Marjorie Gardner of Richmond will speak at the Kiwanis Club luncheon tomorrow at 12 15 p m in the George Washington Hotel. Introduced by Miss Clara Buncutter her talk titled The Magic Suitcase will include a demonstration of products made from modern chemicals. Wives of members are invited to attend the luncheon.
MENTIONED IN THIS ARTICLE
Marjorie Gardner
Richmond
Kiwanis Club
George Washington Hotel
Clara Buncutter
Gen Taylor Named U S Far East Commander
Gen Maxwell D. Taylor was appointed U S Far East commander and head of the United Nations Command in Tokyo effective April 1 succeeding Gen John E Hull who retires after 37 years in the Army. Taylor will lead ground forces in Japan Korea and Okinawa and replaces Lt Gen Lemnitzer who moves to deputy chief of staff for plans and research. His bravery and languages including Japanese Chinese and Korean are noted from World War II and the Battle of the Bulge parachute rescue.
MENTIONED IN THIS ARTICLE
Tokyo
Maxwell D. Taylor
U. S. Far East
United Nations Command
John E. Hull
Taylor
Japan
South Korea
Okinawa
Hull
Army
Washington
Far East
Lemnitzer
8Th
Korea
Lyman L. Lemnitzer
James M. Gavin
Thailand
Barogne Forest
Feeder-Stocker Calf Sale Planned Here April 22
The Northern Virginia Feeder-Stocker Calf Sale returns to Farmers Livestock Exchange on U S Route 50 west of Winchester Friday April 22 with about 100 calves nominated. Nominations close March 15 and Calves from nine counties Frederick Clarke Shenandoah Warren Loudoun Fauquier Rappahannock Fairfax Prince William are invited.
MENTIONED IN THIS ARTICLE
Northern Virginia
Farmers Livestoc Exchange
U.S. Rt
Winchester
J. Fred Stine
Stine
Northern Virginia Livestock Producers’ Association, Inc
Virginia
Frederick
Clarke
Shenandoah
Warren
Loudoun
Fauquier
Rappahannock
Fairfax
Prince William
Frederick County
J. H. McDonald
Stephens City
Vernon White
J. H. Garrett
Middletown
George H. Eagle
E. R. Harris, Jr
John T. Wolfe
Clarke County
Cecil P. Wolfe
W. B. Claggett
Berryville
P. T. McIntire
White Post
Julian A. Everly
Boyce
B. B. Gregory
State Division of Markets
Morris Fannon
Auc
Round Hill Fire Company Meets Thursday at 7 30 PM
The Round Hill Community Fire Company holds its regular meeting at 7 30 p m Thursday in the Round Hill Community Building. All members urged to attend. Harry Patterson pres.
MENTIONED IN THIS ARTICLE
Round Hill
Shawnee Fire Dept Schedules March Meeting at 8 PM
The Shawnee Volunteer Fire Dept will hold its regular monthly meeting at 8 p.m. Thursday March 10 at the American Brake Shoe Co. InnerSpring Mattress on sale for 19.95 at J W Grove Furniture Co.
MENTIONED IN THIS ARTICLE
Shawnee Volunteer Fire Dept
American Brake Shoe Co
Gilbert A. Helsley
J. W. Grove Furniture CO
Also Mentioned on This Page
Harvard Economist
Harold E. Wood
St. Paul, Minn
National Assn. of Securities Dealers
Iowo
Maitland
Australia
New South Wales
Winchester Health Unit
CIA
Col. J. L. Person
Ohio River
U.S
Weather Outlook
MBC
Columbia
May
Mamit Risk Nhower
Billy Graham
Graham
TV Academy
John Daly
Miss Carper
Ike
Dr. Mann
Gen. Taylor
U.S. Far East
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