Indianapolis Times, Indianapolis, Marion County, 1 February 1951 — Page 16

TT fettcndrom . W. R. Sinclair, chair-| Army Finance Center which win | fight it Bulgaria, Romania, Hun-

in PA TT RN

DAY IN

UI. §., France

'World Report— | | |

J "HAROLD H. HARTLEY tha | A Y Times Business Editor On Indo-China : IF THERE'S anything as important as bullets in a war, it’s bread.

| And this country has plenty. : I'll take the figures of the U. 8. Department of Agricul-|

: Truman, Pleven Talk Strategy

In Washington

By United Press

| | | |

. ture which says the country's farm assets going into 1951 Threat of a Red Chinese in-|

were $134 billions. That's two and a half times what it vasion figured prominently in| : [the Truman-Pleven strategy talks was ten years ago. ! today.

it SRSA . THE FARMER has been patience, Even without controls, |

'the supply of meat canmot be in-| Intelligence reports received by

BUSINESS Mert for Raids -

“IT 1S NECESSARY to haven the Far East, it was learned

©" “THE INDIANAPOLIS TIMES

Gls and Allies Still Slug Ahead : feos es o Yank See Re dé

buying machinery. He does it for creased overnight; and on the both American and French offi-| po a] 3

thd same reason a factory does, 0/5 ther hand, with controls, present Cials from different Far Eastern! & save money, for the farm is, in- production probably will not be/listening posts, informed sources

deed, a raw. food factory. said, raised the prospect of early!

imaintained.”

he Institute of Life Insurance| ryore it {s straight and simple, Chinese Red intervention to back

which is careful with figures says ang jn a nutshell from a man who 1° Chi Minh’s rebel forces. thgt the farmer's savings have... meat from A to Z, and Several secret reports which grdwn since 1940. .. |back to A again. lacked confirmation mentioned ‘At the beginning of this (1951) 4,4 what's more, he knows Feb. 6—the Chinese new year's yedr,” says the Institute, "farmers| ...,1s and now they fizzled at day—the first dangerous date. jad stom held nearly $22 billions yo" of rid War II. And in bank deposits, currency, U. 8. h Tat : Sayings Bonds, and investments ai ell fash again—it; and co-operatives: | . “This is more than four times Question Gun the $5 billion total of ‘such lquid| warTEr B. 6 ; assets at the start of, 1940. And er « GORDON, these figures do not include other|, ve shot a double-barreled quessavings such as life insurance, tion gun at me. " ¢ ” ” ” { Hi: f 1 : 4THE FARM DEBT at the be- His Jour questions were, briefly: gimnirig of this year was esti: 4

Goes to Canada

French Premier Rene Pleven, {who mentioned the consequences

Indo-China to Mr. Truman, left Who tor Canada today for discussions

Informants said Mr. Truman made no secret commitments on what the United States would do ; Center Wh 2 fhe Avy Finaneel;s the Chinese Communists strike mated at just under $13 billions, . 8 ere, again in the Far East. as ‘against $10 billions in 1940. That's easy, too. They were | pi American strategy would be "This is mostly non-real estate, a Spot in the country close to the , step up arms deliveries and la rge part of it due to government population centers. : back French diplomacy against er loans. : {| "TWO: What was wrong with China in the United Nations on ‘Actually the far mortgage debt enlarging their 8t. Louis quarters? the pattern set for the Korean is hearly a billion dollars lower mqpaps easy n 'W & | asy ,too.. They were | War now than at the stant of World| aging there and all the Army Indo-Chi War IL. Thus overs farm in had for its money was a bunch o-\hina,, Selfiedness 1989 only 23 bar Sen | of rent receipts. : = FIVE persons were injured tofarm heme mortgages more than| THREE: Was any consideration d3¥ when. terrorists tossed four doubled.’ given’ vo our shortage of office hand grenades into a downtown ed. L » ; ‘help here, or our housing situa- Saigon bar crowded with Ameri-|

» ’ l AND THE Institute summed it tion. . can sallors from the Aircraft up ‘in this simple way: ; {Carrier Windham Bay. |

My guess: No. “Farmers as a whole now have FOL Their rate 1 £8 $187 in cash’ or equivalent for =" © gr h . Mrs fis wh every dollar they owe, as against/Sirls is much higher than prevails ,merjcans, B0 cents in cash assets for every here, especially in political offices. dollar of debt 11 years ago.” That means higher taxes when

And you ought to know how Public office wages go up here to] 1ocked here earlier in the day to)

big this industry is in Indiana Match, and we still have the debt | nload 44 Bearcat fighter planes sharp price rise tp shortage of re- $33.50; 2 loads 1240-pound steersp..i i wag given the last rites land other war cargo. It was the ceipts due to treacherous driving and five loads 1025 pounds bought o¢ {he church last night because

It’s a $5 billion business with cash for the $30 million center. receipts running close to $100 million a year. But divide that by 175,000 county and city clerical wages, farms and the farmer isn’t ex-| and we’ll still have to pay for Germany actly Mr. Goldrocks after all. the building. My figure Fadi | THE Communists today were) : : million, but Walter may BAY [si table movie screen on h using a portable IF HE HAS cash receipts off pefore it is finished. the border of the Russian sector

re than $5000 befor , he’ > Tete than before $axes, ne | And, In my book, he's doing here in an’ attempt to convince

more taxes Yo pay higher state, ment to Indo-China to date. |

Tucky: y and that old story about the Some right smart thinking. {Berlin residents that American farmer eating free doesn’t go any Stuck Soldiers are committing atrocities | n Korea.

more; ; | , * A PRICE FREEZE has a‘ot of I am told that a lot of farmers cvs stumbling around talking o They change the location

buy their bread. They all used: to themsel What they're saying nightly in an attempt to show; make’it, let the dough rise over-|; alt no yl ® the movies to as many West Bernight’ behind the kitchen stove, ‘And they've got a case, a good liners as possible. The movies then :pop it in the oven“in the ,,. tgo, {show what are purported to be 18. » To When inflation took off like a American soldiers in the act of 4 iw. ities in Korea. ARME {balloon on the loose, price rais- committing atroc al of R= up Agalnat, got unpopular with customers. He has competitors, a lot And some sellers “conscientiously papers also have been printing pi a . [tion prices down. fought infla- photographs of alleged American paris oh tion, played profits close to the atrocities, including pictures of othe 'm stuff ’ a oh grid as belt. Not all, but a few. decapitated North Korean soldiers.

they 2 against one another for| THEN CAME THE freeze, Trieste

the lar. Ang that's why it still isn’t hard| Sor ne that, And caught them| AMERICAN and British troops : { r prices down, all because! to find a farmer in Indiana With they tried to be good guys and numbering 10,000 in the free ter-

a path on his pants. w do their bit to tame the wild-|FtOW 0 STILE A CIE om

<3’ Meal's Story eyed dollar, |manders said today.

Tithii's NO FUSSING about] And where are they today?

meationiools out at Kingan & | They're stuck with their merit| “We can take very good care Co. Wven if they doubt the con. Dadges. And I see what they of ourselves” one commander

tra’: #711 work, they're playing the Mean by “no justie.”- © said.

gor 4% got, their cards face up. A -h, Men Behind this confidence is

If $81 look over my shoulder al THE RUSH IS STILL on to get | a oe gosta grmy of

minige, Tl give you a peek at aithoge fat-paying jobs at the new|

an ft the board. <i go up at Ft. Harrison. |gary, Albania or Russia attack “We now have. our price | But that $2450 a year to start | Yugoslavia or Trieste. frees on nieats but not on live- |isn't all clover, as one executive Yugoslavia stock. The industry hopes it (pointed out to me. “It'll. cost: $20 'g - will isvork but fears it will not. |a month to get to and from the THE United States is “urgentWe believe that in the end, the |job,” he said, “and that’s not|ly” considering a $100 million aid industry will have to use other counting the time.” program to strengthen Yugoslav

methods of stabilization. an 8 defenses against possible Russian | be “THEN THERE'S no chance to aggression, authoritative sources

v NY 8 “THE INDUSTRY does not in-[slip in a big store for noontime said at Frankfurt, Germany, to-

tend to default on its obligation shopping. ‘ And there won't be day. t

af making every possible effort to mush of a choice of eating Places. These sources said that the ald

preserve the meat industry in a| ‘Then he frowned. “But there [would be designed to help Yugosound: condition and to prevent) will he an attraction out there 'slavia build up its own arms proSheet in he meat supply system.| that’s hard to beat.” {ducing facilities instead of having “Control of excess consumgr “ y on her depend on shipments of purchasing power and ample wvRaLs that?” 1 asked, a arms. P iuction are the keys to stabiliza- ———l Although Yugoslav Leader, dion. Livestock producers stand RITES FOR FIRE VICTIM {Marshal Tito had not made a. raady to increase their production;| FT, WAYNE, Feb. 1 (UP)— formal request for new aid, Wash=| ‘2d. given encouragement, willl Services were planned today foriington and Londén are becoming | y ‘de this country with more James A. McClintic, 44, who died increasingly concerned over Coms- | '~* than it has ever before en-| yesterday of burns suffered when munist moves in Romania, Bul-| i a fire destroyed his house trailer. garia and Hungary. |

This advertisement is under no civeumstaneces to be considered as an offering of thess ssourisies for sala, ov as a solicitation of an offer to buy any of such sscugities. The affeving is made enly by the Prospectus.

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lof a massive Chinese move in

his mail out at 1365 Exter with officials there. i :

instances more higher; bulk choice quotations; nominally steady; > : of Indianapolis : ; re 300 to 550 pounds $19.50 to $20.25; good and choice wooled lambs ; . Shortage of Receipts tew choice lights $20.50 to $20.75: quotable .at $35 to $36.50; com- FRACTIONAL AND WHOLE over 600 pounds $19 to $19.25, mon and medium quotable at $30 - SHARES

Blamed for Rise Prices on light and medium It was not learned immediately weight barrows and gilts today

ether any of the injured were - k y J pene wy uly ante, an” higher; good to choice 850 to usHLAST RITES FOR CARDINAL 3 | 8 A yes - . a . eb. —Ber= | The carrier, covered by an um- day's average at the Indianapolis pound steers $32 to $34; few com-| {

brella of French war planes, Stockyards. Trade opened active, p aA officials De t he Small lot good and choice heifers)

Smart question. Tt will eost |jargest single American aid ship- conditions. | Hogs 5000; bulk choice 170 to commercial cows $23.50 to $26; He has had high blood pressure 250 pounds $23.25 to $23.75; 2/canners and cutters $18.50 tofor two ‘years.

‘ r . : ER it py "

FEB. 1,105

So He Shows Up at Front | © Civilian Pulled Out of Atlantic ES

Makes His Way to Colonel's CP i ON THE WESTERN FRONT, Korea, Feb. 1 (UP)—Willlam Jesse Newton Jr. who was fished out of the Atlantic by the Com= : munists six months ago, insisted today that he is no Red. In fact, he said, the Communists gave him such a bad name {by being nice to him that he wants to fight them now to prove he |isn't a Red. of Temi OHY.|= Mr. Newton, 26, of Temple y, = Cal, appeared at a frontline com- War II and served for a year mand post and said he wanted 10 with the Air Force in 1948,

|Mishselis' tamed Yogi TS Ou n.d illot in civilian life. His wife and rion jumped into the two children, he said, live at news last August when he_ran Temple City. Ni x it gas while cruising off the Col. Michaelis told newsmen ha * [New Jersey coast in a rented sea- would investigate Mr. Newton's plane and was forced to land in story thoroughly and would make the Atlantic. “every effort” to see that he got | I Got a Stigma’ 'his wish if the story proved true. “Fellows with spiri te tha He was picked up by Phe Posh don't come along every day,” Col. ship ' Batory and landed 2a Michaelis said.

7 i Southampton, Fagland Srom| : 3! : : where he made his way back to . NT N the states. Yegg Gets the Drift : / > YECHON 1 got 3 stigma on my name As Snow Shovel Swings ol ; : 3 because of that,” Mr, Newton told | NC ee J ANDONG officers. “People thought I was A snow shovel thwarted a ay oh a Communist. So I decided to stickup in the 500 block N. Caliey, AMC NG |i US as come to Korea and kill some Com-| fornia St, last night. '] HANG p—r— munists to‘ prove them wrong.”| Samuel Colbert, 48, of 615 W,

| He said he amy to Japan 2% Michigan St, was thrown to the ja civilian aboard a ship an ‘ground by a bandit who dos.»

then hitch-hiked his way to the Korean front. {manded his money, then kicked

“I wanted to fight the €ommu- and stamped on him when he nists,” he said. ‘I had heard a said he had none.

YONGDO!

Gains of three miles were punched out in hand-to-hand fighting by Gls below Seoul (I). Frech lot about the Wolfhounds and His screams attracted James “and American combat team battles off encircling Reds’ at Yoju (2). South Koreans fight two enemy battalions (3). : ~d ;

Barrows, Gilts Gain 50c-$1 Here

thought they were the best outfit Marion, 56, who was shoveling for me to join.” ithe walk in front of his home at WAL La Vo = | He said he had served two 515 W. California St. Wielding loads choice No. 1 190 to 215 $23.50. Bulls were 50 cents higher; pitches in the service. He was a the snow shovel, Mr, Marion pounds $23.85 to $24; over 250 utility and common $26 to $28.50. Navy ~gunner’s mate’ in World routed the holdup man. pounds scarce: odd loads 250 tol: Vealers active, $1 Righer; good =r

“280 pounds $22.50 to $23.50; 120 and choice $38-$40; common and, [ ——; | INDIANA NATIONAL BANK

in tment aismibintons Sonia

* i %

‘to .160 pounds eligible around.medium $28 to $38. $18 to $19.50; sows fully 50 cents, Sheep 100; not enough to test

Cattle 1000: . to $34.50; medium to choice e } calves 200; market slaughter ewes quotable at $14 to active; steers strong to 50 cents goq, ;

higher; cows strong to 25 cents)

Bought;“Sold and Quoted

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enlist a Col. John (Mike) pg 44iq he was a commercial ~

tax message gress tomor: The prope crease was #& pack, to v on a pack of cents. If ap cigarets wot additional: 2 probably m stabilization hibit marku, costs, On whisk: proposal wi cent, from § $12. A whi man said thi mum priee i fifth on 10 about 52 cen whisky. The propo crease was 1 a galon. The is 1% cents

. Amount. o crease in th cise tax on learned. Bu would be “si the governm cent tax on

- auto manufa

this amount buyers in the All this w biggest sing posal ever m The Presic the $10 billio ual income corporation t excise taxes 1 will ask for holes, If do: the tax write surate chang proposals. The $10 bil enues, if vot the governm short of a pa; for the comi Truman _ tol House Ways tee he later ommendation $6 billion tax

Hint

He did n would propos tional $6 b members of committee sa other than a a general m tax. The Presid anxious to g« $10 billion 1 creased with! dividuals cou ~—both to prc reduce purch The indivic posal will be crease in rat this would come taxes ju World War account the r visions and emptions, Ww] changed un program. The Presid to recommer corporate ta: from 47 to 5 corporation t highest~int was said to this time in t tax—a tax that in effect Luxu

“A $3 billic nues from e templated, wc cent increas excise taxesWorld War 1 ing about § undoubtedly ° creasing the taxes and ott as those on tf tors, ete. In the e« with Preside forthcoming members of | Means Comr have mention making larg dent's $71.6 order in orde for $16 billio The Presi have thrown on his desk a me where you the Congress: more than §: fore sending gress, Several Re) crats said ti could cut “a |

like pin

Delightfully ¢ sweetness, clo a ony of 3