Elements Threaten Economy in Stock and Housing Booms
Washington. Marriner Eccles, former Federal Reserve chairman, warned of real danger in stock market and housing booms and urged tighter credit. He called for margin requirements to rise to 75 percent, possibly to 100 percent if prices keep rising. John J. McCloy and Fulbright led a week-old Senate inquiry into the market.
MENTIONED IN THIS ARTICLE
Washington
Marriner
Eccles
Federal Reserve Board
Salt Lake City
Senate Banking Committee
John J. McCloy
Chase National Bank
McCloy
U. S
Germany
United States
Free World
Sen. Fulbright D-Ark
Churchill Urged To Call Election
Advisers urged Prime Minister Churchill to call a quick general election amid Labor split. Attlee seeks to suspend Bevan from the party. Bevan remains silent from home influenza. motion to be voted by Labor deputies next Wednesday. Notices follow about a fire department meeting and a furniture ad.
MENTIONED IN THIS ARTICLE
London
Churchill
Labor Party
Clement Attlee
Aneurin Bevan
Labor
Bevan
Manchester
Coventry
Attlee
Party High Command
Labor Executive Committee
Eisenhower Vows U S Will Keep Fair Share in Europe
President Eisenhower told seven Western European leaders forming the WEU that the United States will maintain its fair share of forces in Europe while a threat exists. The pledge hinges on WEU ratification and NATO cooperation and covers force levels, weapons information, and unity against threats to the alliance.
MENTIONED IN THIS ARTICLE
Ike
U.S
Europe
Washington
Eisenhower
America
United States
U. S
North Atlantic Alliance
Western European Union
WEU
North Atlantic Treaty Organization
NATO
European Allied Command
Germany
North Atlantic
Congress
Democrats Debate New Tax Cut Plan in Senate
Senate Democrats unveiled a substitute to the House tax cut of 20 per person, offering about 908 million dollars yearly relief mainly for low income families while repealing key corporate and high income tax benefits. The plan relies on offsetting revenue by repealing parts of Eisenhower's 1954 tax revision, with outcomes uncertain as Southern Democrats resist and Republicans weigh potential defections.
MENTIONED IN THIS ARTICLE
Washington
Senate
House
Byrd
George
Lyndon B. Johnson
D-Tex
Eisenhower
Johnson
Ohio River Flood Crest at 61 Feet in Cincinnati
The Ohio River flood crest reached 61 feet at Cincinnati between 2 and 3 a m and moved into Indiana and Kentucky. It stood nine feet above flood stage, with drops beginning at about a tenth of an inch per hour. Several thousand were homeless. one death occurred in Cincinnati when a warehouse worker drowned in a basement elevator. Red Cross counted 3,182 affected families across four states. crests had passed Pennsylvania and West Virginia and left Ohio today. Indiana officials relied on flood walls and levees to shield property. walls saved millions in damages.
MENTIONED IN THIS ARTICLE
Cincinnati
Indiana-Kentucky
Weather Bureau
Trenton Horton Jr
Red Cross
Ohio
West Virginia
Kentucky
Indiana
Pennsylvania
Winchester Frederick County Historical Society Reelects Belchie
Ben Belchie was unanimously reelected president of the Winchester Frederick County Historical Society at a Board meeting. New officers include Mrs. E M Whiting and Dr. James A Miller as vice presidents, Miss Mildred L Grove as secretary, and Mrs. Kinzel Grubbs as treasurer. The board also welcomed Burr Harrison as a new member. The society prepares a Civil War letters and diaries book to be printed by May, and plans include garden and historic tours in May.
MENTIONED IN THIS ARTICLE
Winchester Star
AIR Force
James W. Kincaid
Claill
Kincaid
9511Th
Hagerstown
Frederick
Cumberland
Front Royal
Winchester
Major Hill
Winchester Flight 6
Ben Belchie
Burr P. Harrison
Stewart Bell, Jr
Irvan T. O'Connell
C. Vernon Eddy
L. M. Allen
Salome Crisman
Miss Grove
Whiting
Walker McC. Bond
Harry T. Cook
Garland R. Quarles
T. G. Scully
Carleton Staples
Quarles
Lewis Barton
O’connell
Abram
E. C. Stuart, Jr
Shenandoah Valley
Cook
George Washington
House Expected To Approve U S Military Pay Boost
Two key Democrats forecast House approval of President Eisenhower's plan to raise veterans pay by 6 to 25 percent, adding about 745 million dollars to the five billion dollar annual payroll. The measure covers about two million service members and includes new allowances and higher retirement and education stipends.
MENTIONED IN THIS ARTICLE
Washington
House
Eisenhower
Vinson
House Armed Services Committee
Kilday
R-Tex
Senate
Market Rallies After Two Days Of Sharp Declines
New York shares rose as gains of one to three dollars a share lifted the market after two days of declines. Boeing Chance Vought General Dynamics and North American Aviation climbed two dollars or more while Bethlehem Steel Chrysler Montgomery Ward Merck Philco Zenith Allied Chemical Westinghouse Southern Railway Standard Oil NJ and United Air Lines posted gains of a dollar or more. Ticker tape lagged in the early hours due to heavy buy orders.
MENTIONED IN THIS ARTICLE
NEW York (P
Boeing
Chance-Vought
General Dynamics
North American Aviation
Bethlehem Steel
Chrysler
Montgomery Ward
Merck
Philco
Zenith
Allied Chemical
Westinghouse
Southern Railway
Standard Oil
United Air Lines
Oldest Reno schoolhouse goes up for sale
Reno's oldest schoolhouse built in 1887 at a cost of 1400 dollars was offered for sale yesterday. The property has seen additions and increased in value. Current asking price is 53000 dollars.
MENTIONED IN THIS ARTICLE
Reno, Nev
Reno
Ten Puerto Rican Nationalist Party Members Convicted
A federal court jury in New York convicted 10 members of seditious conspiracy for plots to win Puerto Rico independence by force. One defendant was acquitted. The case links the party to the 1950 Truman assassination attempt and the 1954 shooting of five U.S. Congress members. Sentencing is scheduled for March 31.
MENTIONED IN THIS ARTICLE
New York
Puerto Rico
United States
Nationalist Party
Truman
U. S
House of Representatives
John F. X. McGahey
Frederick County PTA Council elects Prelip president
Gore resident Godfrey V. Prelip was elected president of the Frederick County Parent Teachers Association Council formed at Miller School. Other officers include Richard Goode as vice president, Mrs. Joseph C. Bauserman as secretary, and Irvin Williams as treasurer. The council plans monthly meetings and a constitutional by law committee.
MENTIONED IN THIS ARTICLE
Godfrey V. Prelip
Gore
Frederick County
Ellsworth LeMaster
Robert E. Ayler
Annie Starling
Armel
Bryarly
White Hall
Kernstown
Miller
Stonewall
High View
Stephens City
Gainesboro
Middletown
Governor Orders Recall of Virginia Teacher Manual
Gov. Stanley condemned passages in a Virginia teachers' manual as un American propaganda and ordered its immediate recall and revision. He said there is no time now on the state education staff who wrote the questioned material and cited a Richmond News Leader editorial and letter calling the manual anti free enterprise.
MENTIONED IN THIS ARTICLE
Stanley
Virginia
Richmond
State Department of Education
Gov. Stanley
Richmond News Leader
B. M. Milles
Arlington
Reds Reportedly Move Jet Air Division Toward Formosa Straits
A Chinese Nationalist report claims a Communist jet air division from Manchuria with up to 75 planes including MIG 17s is being moved toward the Formosa Strait to threaten Free China and offshore islands. The Defense Ministry in Taipei denied knowledge of the claim.
MENTIONED IN THIS ARTICLE
Taipei
Formosa
Manchuria
Formosa Strait
China News
Defense Ministry
Red China
Free China
Foochow
Dulles
United States
Wen Hua-ling
Associated Press
Wen
Russia
Quemoy
Matsu
Milk Producers Vote to Affiliate With State Group
The Winchester Cooperative Milk Producers Association voted to affiliate with the Virginia Milk Producers Federation and join in the state's advertising and promotional program. Secretary R G Connelly outlined aims to boost milk consumption and product quality. Directors will meet next week to finalize affiliating details. A local survey of the milk market will precede federation plans, with two cents per hundred pounds of milk assessed from cooperating producers.
MENTIONED IN THIS ARTICLE
Winchester Cooperative Milk Producers’ Association
Virginia Milk Producers’ Federation
R. G. Connelly
County Court House
Fred Stine
Mr. Connelly
Richmond
Norfolk
Lynchburg
Roanoke
Harrisonburg
Connelly
Federation
Middletown Names Miss Doris Andrews Honorary Fire Chief
Miss Doris Ann Andrews a senior at James Wood High School will serve as Honorary Fire Chief of the Middletown Fire Company for the Shenandoah Apple Blossom Festival parade on April 28 She won the 1955 Virginia Cherry Pie Baking Contest and is active in Beta and Latin clubs Tri-Hi-Y Future Homemakers of America and 4 H She will also compete for Honorary In Town Fire Chief at the Capitol Theatre contest on March 18
MENTIONED IN THIS ARTICLE
Doris Ann Andrews
James Wood High School
Middletown Fire Company
Shenandoah
Miss Andrews
Virginia
Curtis Andrews
James Wood
Tri-Hi-Y
Homemakers of America
Capitol Theatre
Mercury tops 70 as showers expected tomorrow
The high reached 70 degrees today, the warmest 1955 reading so far, with 68 degrees the day before. Showers are forecast tonight and tomorrow, with continued warmth and clouds. Tonight should be milder, and the low may dip to the lower 50s, near last year’s 46-degree mark.
MENTIONED IN THIS ARTICLE
Mercury
Associated Press
Diem's Government Gravely Menaced in Viet Nam
South central Viet Nam faces a crisis as Cao Dai Hoa Hao and the Dai Viet armed group challenge Ngo Dinh Diem's government. Rebels demand a national union and assembly while government columns clash near the 17th parallel. Local notices appear unrelated to the main event.
MENTIONED IN THIS ARTICLE
Saigon
Viet Nam
Ngo Dinh Diem
Cao Dai
Diem
Bao Dai
France
bin Xuyen
Balang
Dai Viet
National Union For Peace
Hoa Hao
Cao
Also Mentioned on This Page
Marriner Eccles
Shawnee Volunteer Fire Dept
American Brake Shoe Co
Gilbert A. Helsley
J. W. Grove Furniture CO
West Germany
Britain
Belgium
Italy
Luxembourg
Netherlands
Historical Group
Reelects
Belchie
Chanticleer Inn
Round Hill
Harry Patterson
McPhail
W. M
Hebron Baptist Church
U.K
Anarge
County Pta
Farm Council
Prelip
Reds
Jet Air
Doris Andrews
Planning Commission
Board of Supervisors
James W. Golladay
R. C. Carter
Berryville Pike
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