The Daily Banner, Greencastle, Putnam County, 30 December 1944 — Page 4
THE DAILY BANNER, C xEENCASTLE, INDIANA, SATURDAY, DECEMBER 30, 1944.
CHATEAU
Midnite Show Tonite Sunday Thru Thursday
lUtkltss irnii Mott modi his own rules lor life ond love... to play a dangerous game I
By the author of “How Green Was My Valley.'*
MJ My Val mns
when foreign nations buy goods 4* ■h + ■fr+ here for rehabilitation and re- BAINBKIOGE -j-
construction. That situation is j expected to bring many new
BARRY FITZGERALD ii/»iDUPREZ.iu[ WYATT GEORGE (OULOURIS • DAN DURYEA ROMAN BOHNEN KONSTANTIN SHAYN!
problems into the exchange situation, but in this connection, thj Federal Reserve says: ““While the 1940s and the 1950s may be decades in which world trade will he subject to unpredictable stresses arising out of the great distortions of the war, one of the factors— namely, disturbing capital move-i-ients— that played so prominent a part in overturning the international balance in the 1930s will almost certainly not be permitted to play that role on trie same scale again. “How great a degree of stability and freedom—and in parArcular how great a volume of American export trade—will depend on the success that the United States achieves in moving toward a full production economy at home and in pursuing on the international front polices that encourage American impoi'ts of foreign goods and rervices, and that facilitate American investment in all parts •i the world where it will prove productive.’* Circulation in hong Rise
Jet 4- 4- 4* 4* 4* 4* 4* 4* 4* 4- JrJ
Mr. and Mrs. Willis Dickson entertained X.nas Day with a
fam.ly dinner for Mr. and Mrs. Paul Crodian of Peru, A. C.
Kenneth Etcheson of Wabash,
Rose Marie Dickson of I. U, Lt.
(jg) and Mrs. Osborne Dickson and family, Mr. and Mrs. Stan-
ley Dickson and family, Mr. and Mrs. Audrey Dickson and son of Indianapolis, Mr. and Mrs. Woodrow Dickson and family of Br.ck Chapel, Mrs. Maggie Hall
and Mrs. Maude Crodian.
Mr. and Mrs.
Gordon
Hanks
and family and
Mr. and
Mrs.
Roy Hanks and
family
were
guests Monday of Mr. nnd Mis.
Ross Hanks.
Mrs. Bessie
Daman
spent
home of their grandfather, Mr. J and wife of Chicago. Mr. and Thomas Brothers of Greencastle. j Mrs. Francis Reirsteck and chil-
Mrs. Bertlia Brothers and family entertained at dinner Sunday evening, John Sigler of Clinton Falls, Doris Huffman of Indianapolis, Mr. and Mrs. Paul Garl of Greencastle and Mrs. Joan Miles and son, Bobby. Mr. and Mrs. Paul Garl and Mr. and Mrs. Jack Garl of Greencastle spent Wednesday with Mrs. Bertha Brothers and
family.
Mr. and Mrs. Paul Crodian of Peru spent the iholidays with Mrs. Maggie Hall and Mrs.
Maude Crodian,
Miss Helen Shuey of Chicago is visiting her parents, Mr. and Mrs. Harve Shuey and family. Miss Dorothy Brothers was a . guest of friends in Detroit,
Sunday with Mr. and Mrs. Ed j Mich, over the week end.
Reeves and Mr. and Mrs. Dale Goodman and daughter. Mrs. Emma Hall and daughter Zenia, returned home Sunday after spending the past three weeks with Mr. and Mrs. Carl Allen and son of Indian-
apolis.
Dr. and Mrs. Thomas of Plainfield were Sunday guests of Mw
and Mrs. Gilbert Hale.
Mr. and Mrs. Edwin Smith at-
• CONCERNING MONEY f- NEW YORK, Dec. 30 (UP) — Billions in government spending for the war have swelled the Amount of money in circulation to a record high above $25,000 000.000. brought a decline to .. new low since August, 1940. in gold stocks, and reduced the Federal Reserve System reserve ratio below 50 per cent, a new tow since the bank holiday of March, 1933. As the year ended this trend was continuing and the ratio was approaching its legal limit of 40 per cent. A relief for this situation would be lowering of reserve requirements, a move that is anticipated early in 1945 if the war spending continues at the current rate. Other expedients that would forestall such legislation have been listed as monetization of the $2,000, 000,000 gold in the Treasury’s stabilization fund, monetization Of silver seigniorage profit through printing additional Silver certificates, or issuance of Federal Reserve banknot. s requiring no gold cover, or all
three.
The gigantic war financing prdgram with its astronomical
figures in all the Reserve Sys-, j everge< j
ietfi items has not been without As: favorable side. The out-
around $15,000,000,000 in gC|kl and more than $3,000 000,000 in U. S. dollars, reflecting in part United States purchases for the war effort and for the civilian
life.
Gains in gold holdings are reported by France, Switzerland. Spain, South Africa, Sweden, and the Latin American nations. No figures are available on Russia’s gold supply but it ‘s
relieved very large.
During the years since Janu
The rise in money in circula
ton has been steadily going on, tendcd a famil y dinne '' Monday since the war started in Europe at t * le horne of Mt . and Mrs. A.
— n._!j Krider of 'Cumberland, Ind.
Mrs. Nettie Miller went to
visit
et $25,163,000 000. a record high.' with her 80,18 Harle y and C1 y dc The latter represented a rise of Miller and their fam.lies. about $5,000,000,000 for 1944 i Sunday guests of Mr. and Mrs. alone, and a gain of about $14,- A,va Pruitt were Mrs. Laverne 500,000,000 since Pearl Harbor.) Pruitt of Indianapolis and Mr.
in September, 1939. when the! total was $7,141,000,000. Near!
the end of 1944 the figure stood Greencastle Saturday to
dren of Champaign, 111., Mr. and Mrs. Ezra Tate and son, Mr. and Mrs. Cliff Ooley and children and Mr. and Mrs. Gordon Honks and family. Guests of Mr. and Mrs. Tate on Christmas day were Mr. and Mrs. Iler.nau Sanders and son, Mrs. Sanders and son remained for a weeks
vis t.
Mr. and Mrs. Ray Stephens j and daughter of Pitsboro were { dinner guests of Mr. and Mrs. Gordon Hanks Tuesday evening, j Mr. and Mrs Mack Ooley of, Spencer visited over (toe holidays j with their son Cliff Ooley and i
Mr. and Mrs. Caml Connerh and daughter Carolyn, open
Another interesting point .bout the war financing program is thpt it is being done
well as Garl Allen and son of Indianap-
and Mrs. Harley Pruitt of Avon. Christmas Day guests of Mr. Joe McKee were Mr. and Mrs
^hrou;.?h bank credit as
taxing and borrowing. The federal Reserve’s holdings of government securities has risen to a record high of more than $18,500,000,000. from $2,426 - 000.000 as of September 1, 1939. This figure stood at $2,184,-
000,000 at Pearl Harbor.
ADD NEW YORK 1234561 Individuals throughout the nation have been purchasing large
lis Mr. and Mrs. Earl Hall of Crawfordsville, Mr. and Mra Fred Hall, Mr, and Mrs. Guy Cox, Mr. and Mrs. EsteT Minn ck, Mrs. Emma Hall and Miss
Zenia Hall.
Mr. and Mrs. Cyril Masten and family spent Sunday with Mr. and Mrs. Sam Modlin of Roachdale. On Monday evening they entertained at their home for Mr. and Mrs, Gilbert Mas-
amounts of government bonds
and these have swelled total' * ;en a nd Mr. and Mrs, Waiter savings ft>r the nation to around Masten and family. $130,000,000,000. To that can be' Mr s. Clyde Metz and Mrs. added large amounts of currency , Ader entertained the Birthday
u V 31 1934 when the United h vhlch is hidden awa y b y those : Bridge Club at the home of Mrs. y . "nen un.tea unuge< , to bWlk facilities anU by | Metz witto a Christmas party.
hoarders. Black markets also There were no birthdays in Dec. are said to be absorbing vast 1 80 the feature of the evening sums of the circulating money was the gift exchange. Refreshfigure, notably the large de- ments were served by the host-
nomination bills. I esses.
Altogether a vast potential in- Mr. and Mrs. Warren Young flation has been built up. accord-, of Indianapolis spent the boiling to the experts who aren’t | days with Mr. and Mrs. Forest .icrturbed, however, because | Young and daughter. On Sunday they anticipate a post-war peri-1 Bhey all visited with Mr. and i.d in which the United States Mrs. Tim Ford of Crawfordsville dollar will be the most valuable | Mrs. Sietta Crews and other
States devalued the dollar by raising the price of gold from $20.67 per fine ounce to $35 per fine ounce,, the United States gold supply steadily increased until it reached a record high of $22,796,000,000 on October 29, 1941. This total had been depressed to $22,770 000.000 at th; Ume of Pearl Harbor. It now stands at around $20,660,000,000 u new low since August 7, 1940. The United States dollar devaluation process which raised the gold price stimulated gold mining and raised the world supply. Gold flowed here for .'■afe keeping as the world prepared for war, and now that the peace is approaching the flow is
“Notwithstandin g d e v a 1 u -
,, , i ation,’’ the Federal Reserve Jtauding blessing, an the experts pi>int8 out ,. the doUar , g
‘ the situation, is a stai
~ K.iui. ■ uie uuuai a pur-
yl^' the situation, is a star chasing power over mo8t pro . toward distribution of our gold l]ucts was greater at the emJ of
no»rd among other nations so after the war stable curteUjcies can be achieved which would be a boon to foieign com-
merce.
Foreigners Hold .More Gold Foreign nations have steadily built up their gold holdings. It Is estimated that today they hold
the 1930’s than at the beginning and in terms of the general
average it
higher.”
currency in the world.
NEW YEAR’S EVE
relatives from here attended the funeral Sunday of Mrs. Fred
Crews of Terre Haute.
, Mrs. Mila Higgins delightfully ' entertained the Eskimo Bridge Club at her home for the Xmas
(Coiitiimt’il from I'nut* On«‘l
making.
The ban on all-night liquor
permits will be continued in New P 0, Ty- exchangs of gifts reYork in conformance with prev- vea lcd the secret s sters for the ions wartime policy. Closing P a *^ year. Mrs. Anita Miller was
hours in the city are scheduled elected president for at 4 a. m., while night spots out- y ear - Names were drawn for state will close an hour earlier. new 8ecre t sisters. Delicious rein some states, notably Mis- freshments were served. The
souri, Ohio and Connecticut, nex t meeting will be with Anita j 16 present to enjoy the happy
where sales would be permitted Miller the first Thursday in | eccassion.
was substantially! 00 ^ after midnight until 1:30 or January. j Mrs Thelma Michaeb; and '3:00 a. m., many proprietors de-' Miss Betty Brothers and Miss ; chi'dren spent Christmas day
Mr. and Mrs. Wm. Harlan and daughter Kaye, spent Sunday with his parents, Mr. and Mrs. James Harlan and family of Greencastle. Guests of Rev. Frank Smith and wife on Christmas day and n ght were her parents, Mr. and Mrs. Young and their family of Indianapolis. Mr. and Mrs. Cranston Bernstorf of Berne, Ind., were guests of his parents over Christmas. S Sgt. Albert Solomon and family of Utah visited his parents. Mr. and Mrs. Ren Solomon the past week. Mr. and Mrs. Damon Woodrum and son of Indianapolis visited with relatives here over the Christmas holidays. Miss Flossie Hanks of Indianapolis spent the week end with her parents, Mr. and Mrs. Fred Hanks and family. A. C. Kenneth Etcheson of Wabash was ihome over the week end. Rose Marie Dickson and Dorothy Lois Hostettcr of Indiana University spent the holidays with their parents. * S 2 c Willard Scobee and wife have returned to Savannah Ga. after a recent visit here with Mr. and Mrs. Claude Etcheson and other relatives. Mrs. Raymond Priest received a telephone call on Dec. 21st from her son, Ph. M. 2-c George Priest who was in California on
liberty.
Mr. and Mrs. Cecil Morris of Springfield 111. and their daughter, Mrs. Albert Ratclifl and husband of Chicago were dinner guests Saturday evening of Mr. and Mrs. Claude Etcheson. Mr. and Mrs. Paul Collett and family entertained on Sundav for Mr. and Mrs. Morris and Mr. and Mrs. Ratcliff of Illinois | and Mrs. Alice Priest of Indian-
apolis.
Mr.’ and Mrs. John Obenchain,
Mr. and Mrs. Dolby Ceilings Miss Gladys McFadden and Paul Collett and family were guests of Mr. and Mrs. Ray Miller and
family on Christmas day. Mr. and Mrs. Herbert Hitch
and son spent Christmas day with her parents, Mr. and Mrs
Armstrong of New Market. Mrs. Howard Hostetter and
the new Mrs. Gene Hess entertained rr
Saturday afternoon at the Methodist church the members of the primary class. There were
Zenor and sons for Christmas | Hubert Clodfelters
day. Guests of Mr. Zenor’s on Sunday were Mr. and Mrs. Peter D erorff, Mr. Harvey Gilbert and Mr. and Mrs. Roy Sieglien and
sons of Ft. Wayne, Ind.
Mr. and Mrs. Walter Gibbs entertained the members of Chen family with Christmas dinner a
week ago Sunday.
Mrs, Kenneth McWilliams of Indianapolis spent Sunday with her parents, Mr. and Mrs. T. .1.
Baughman.
{£. 4* 4* 4* 4* 4* 4* 4- 4* 4- 4- 4- t'j} MORTON £. 4- 4* 4* 4* 4- 4- 4* 4’ 4* 4* 4- 4- Q, Mrs. Laura Frank spent Saturday afternoon with Mrs. Homer Farrow. Mr. and Mrs. Claud Burk attended a Christmas dinner at the home of Mr. and Mrs. George Lloyd at Rockville Sunday. Mrs. Evaline Frank of Ind.anaoolis spent Saturday night and Sunday with Mr. and Mrs. Leslie Frank.
family.
Mr. and Mrs. Joe Koons and Christ nas day with Mr. and Mr son and Mr. and Mrs. Max Koons Fd Connerly and Mrs. Can and son of Indiana?ol s and Mr. Currier at Greencast!?. and Mrs. Jesse Cowger and fami- j Miss Margaru.te Smith of I ’y were guests of Mr. and Mrs. dianapolis is spendiog her Bert Stultz on Christmas day. tion with home folic
Mr. and Mrs. Chester Simler and daughter, visited relative/ in Elizabeth Ind. this week. Mildred and Esther Cunningham of Indianapolis spent Sunday and Monday with their parents, Mr. and Mrs. Joe Cunning-
ham.
Mrs. Maude Codings and
mother,, Mrs. Stout and Mrs. Stout and Mae Gill and Mr. and Mrs. Bruce Lane were dinner
guests of Mr. ana Mrs.
Mr. and Mrs. Horace Rich, and daughters Betty and Nett spent Sunday night and Chris: mas day at Crawfonlsville \\ their daughter and other re!
tives.
Mr. nnd Mrs. Hub rl Clodf, ter had the annual Christm dinner at their home on Monda Mrs. Carrie Clodfelter wh had been at the home of Mr. an 1 Mrs. Lonnie Clodfi Iti r at Ru. R a V ! sellville for some tin.;a, came
for their Xmas dinner.
Mr. Robert D.lls received wo: that Ibis brother, Walter, h passed away last week at Okla-
homa.
Mr. and Mrs Rosi oe Whit had their Christma dinner a! Rockville with Mrs. White’s si
ter.
Mr. and Mrs. Tom Holland called on Mr. and Mrs. Ots Gardner at Greenca tie on Sa.
urday.
Miss Kathleen New gent of In dianapol.s was honr over the week end. WORK’S A PLEAS! RE MIDLAND. Tex. (I'Pi Armv airplane pilot traim s in West Texas know how t> combine work and pleasure successfully. On their training n issions thi pilots indicate on their flight maps locations of lab s on whii 'i there are ducks. Tim on tl\' ; r furloughs, the trainees return to the lakes for success!ul shooting.
HAND 1 SNATCH CAMBRIDGE, Mas: | As the doors of j i .land tad
Dollar Sought After ' dared the rfhort drinking spell Bertha Jean Brothers attended \ W jth Mr. and Mrs. Eugene Lc-
As a result the dollar today is would not -.variant opening. a family dinner Saturday at the wallen and family.
iho most sought after currency Others will permit the usual i Mr. and Mrs. Gene Hess and in th' world. This situation is Sunday sale of wine and beer, T/NrcrN (family and Mrs. Jean Miles and .vp t d to prevail after the war switching to hard drinks only! I OiSO OlOyCl J son were guests of Mrs. Gayle
aft 1 r midnight. _ Robinson of Coatesville on Mon-
day.
Mr. and Mrs. D. O, Tate en-
BRITISH ADVANCE IN SNIPER FIRE AT ATHENS
i - . , Roarin S at substratosphere height over the Japan se mainland
tertained at dinner on Sunday. (,f t * le ^ rst pictured above the Tokyo district. Stretching \ Chiew Signalman, Walter Otti ^ ao t ‘ a ) river ’ WhlCh Ues J 1181 we8t of Tok y°- T his is an Aimy Air For,
U. S. Air Might in Action—and Another Jap Convoy !s Ri
r "’•■-■muHjl.i -j
THIS SCENE taken during the fighting In Athens, Greece, shows British soldiers and Greek policemen advancing under constant ELAS sniper fire. British Army and OWI radiophoto, (International)
POLICE in Detroit kept a close guard on Mrs. Nina Housden above, against further suicide attempts as the state made mover to bring the woman truck drivel to justice for the killing and dismemberment of her husband Charles, 32. The body of Housden was found in -his wife’s auto which she had brought to a Toledo, O., garage. According to Assistant Prosecutor Harold Helper, Mrs. Housden said sh* planned to bury the head of hei husband In a cave near Paducah, Ky., and "strew the other part. SPECTACULAR BUT DISASTROUS for the Japs was thi. U. S Far along th. route.” (Internatronalj East Air Force, strike at Jap shipping off Kavieng, New Ireland"
At*the left the U. S. planes attack the convoy. • burning fragment* remain of the Jap ships. —