Indianapolis Times, Indianapolis, Marion County, 6 February 1947 — Page 12

EE A

Lahore a car up to Caracas from the coast is here to work on a 10,000 family housing unit. The man next to you at the bar is an American surveyor going into ¥ [the Orinoco field on a two-year . | contract. There are ‘already about 5000

Americans in the country, half of them in Caracas alone. The tendency is to talk in mil-| lions. Creole Petroleum Corp, a subsidiary of Standard oil of New | Jersey, and largest crude-oil pros ducer in the world, has announced | an investment of $137,000,000 in| capital expenditures during 1947. | Other companies like Sinclair,’ Royal Dutch Shell, Socony Vacuum, | ithe Texas \Co. and Mena Grande, | a subsidiary of Gulf Oil, also are| big operators and expanding. | . Oil production today stands at! 1,160,000 barrels a day. Royalties] and taxes on that yield now give the government an effective rate of 26 per cent, A “one-time, special tax” of 20, per cent levied on the last day of 1946 on that year's earnings cost | the Creole Cerp. alone $18 mil-! |lion, and augmented the governments vast money reserves, built |

gs 5 §

Mr. Oechsner atmosphere about everything. New towns are springing up.

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War, Like virtually all American countries, Venezuela | cannot feed or clothe herself, | however. The necessity of import- | ing 75 per cent of her supplies has sent prices here to fantastic levels. Eggs are $150 a dozen; butter,’ $2 a pound; bread, 30 cents a loaf; wes "apples 30 cents apiece from street! | vendors; meals out from $2 to $5./

| FEET "KILLING" Yous A in Cuticura Soap

Ametioan shoes is $35; shirts, $7.50 to $10. The leading hotel, American plan, is $18 per day.

BA pencil Stabs ‘Boy, 15, in Heart

NEWARK, N. J, Feb. 6 (U. P| George Allen, 15, was reported to 'be improving today in city hos-! after an operation to remove ve-inch metal pencil which | tes his heart when he slipped |

the South;

{ from school .yesterday. i to help Doctors said the boy's ‘condition | was “fair.” | ELLY Young Allen was running tol backache, rheumaticpains, [catch a bus when he fell. The] a Sr 1 pencil, in his breast pocket, was) a [os into his body, but he was | {able to board the bus. | “Don’t touch this” he told the 3 iat . driver, showing him the inch of! A A Ea.» {the pencil still protruding from his 80 years. Doan s chest. “Please call a doctor.”

Troopship Arriving In New York Harbor

NEW YORK, Feb. 6 (U. P).—| {Ship movements in New York harbor today: | Arriving — General ‘Hershey | (troops) from Azores, and George

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foxhole fashion is this new coms. bat sleeping bag, being tried out under Arctic conditions by troops of Task Force Williwaw

L in the Aleutian islands. Sleeves

| and trouser legs are supposed to enable soldier to go into action without unzipping. Feet are rubber-bottomed for protection in water-filled foxhole.

Dr. Buley to Write Insurance History

CHICAGO, Feb. 7 (U. P.).—An|

up in considerable part during the Indiana university professor was| BERLIN, Fgb. 6 (U. P.).—Former

commissioned today to write a his{tory of American life insurance. The American Life convention announced that Dr. R. Carlyle!

'Buley, professor of American his-

tory, had been selected to write a

history of the convention, which} _——- represents 211 legal reserve U. 8S and Canadian life insurance com-

The convention was organized in

11906. The group's leaders said that

{ Dr. Buley's finished work, in effect, will be “a modern history of the life insurance business.” A special nmittee of past presidents, headed by Herbert M. Wool-' len, ela spas named Mr. Bulley,

for the task 4

“I want to make it clear,” Dr. Andrews said, “that we do not have the answers to those two problems in our Hopkins laboratories.’ But it does not seem to me unreasonbale to predict that both problems Will be solved within 20 to 30 years.” that would speed -passengers from coast to coast in a matter of minutes, Dr. Andrews said: “Modern engineers, with their knowledge of ball bearings and mechanics, can design rail vehicles that could travel at thousands of miles an hour, In the past, the problem of air resistance and drag

forces made such tremendous speeds | { impossible. However, since the ma- |

Gen. Clay Greets ‘Hoover in Berlin

President Herbert Hoover arrived in {Berlin today and was greeted at the | station by Lt. Gen. Lucius D. Clay, | | American deputy military governor. . Mr. Hoover's ice-covered train ar- | rived two and one-half hours late. | | Correspondents were not permitted to talk with Mr. Hoover.

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4 Trout Vactom y Wau Like Rocket

BALTIMORE, Feb. § (U. P.)—Aiomic-powered trains whisking I a a youn & ae

would travel in a vacuum,

that problem would be eliminated.” He did not say how the passen-

" {gers would breathe in the projected

air-tight tunnel. Presumably they would bring along their own oxygen tanks.

Pan-American Clipper lopped 328 hours ‘and 22 minutes off the former scheduled travel time between

Honolulu and Manila, inaugurating the line's new “cannonball” trans-

‘pacific service, it was announced

today. The plane landed at .the John Rodgers airport yesterday 30 hours and +8 minutes after taking off from Manila. The new service brings: the the United 8 by flying by way of Midway island and eliminating

HONOLULY, Feb. 6 (U, P)—A

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