The Ypsilanti daily press. (Ypsilanti, Mich.) 1928-1962, 1940-12-31

kIGSctu.
NEW YoRK-INs-The $685.
ton British freIghter Donax ra-
rloed today that she was being
chased by a submarine In the
Atlantic about 500 miles south
Of Iceland. The S. 8. Donax's
message was intercepted by
Mackay Radio at 1910 a. m.
EST.
NEW YORK-AP-The row be.
tween radio broadcasters and the
American Society of Composers,
Authors and Publishers reaches its
climax at midnight tonight when
100000 ASCAP-controlled tunes
will, be banned from the three ma
jor networks and most of the ma
tons stations. With the twelfth
chime, the five-year contract be-
tween ASCAP and the broadcast
ers expires, and no prospect of
peace appeared today in the battle
over rates to be paid for use of
ASCAP's music.
LANSING-AP-A demand for a
total $4,000 fee for John s. Nc
Donald, of Grand Rapids, for his
work in representing the State of
Michigan in the Grand Trunk West
ern Railroad tax suits disrupted the
calm Of scheduled meeting OF the
state administrative board today.
The last session before the change
of administrations revises the
boards membership found its men,
bers at odds concerning the elev-
enth hour bill for McDonald's fee.
LONDON-AP-- The Admiralty
announced today that $4,000 tons of
merchant shipping were lost
.hiDug "epR,ny Setioa' VI the W cen
ending Dec. 20.
NEW K-INS-Indirec cor
roboration was made here today
of the story told in Washington
that w. r. Davis the almost legend
airy figure OF international oil deals,
had brought to this country a Ger
man approved peace formula before
the European war. The indirect
affirmation OF the Washington
declaration by Verne Marshall,
head OF the mo Foreign War Com
mittee", was made by Arthur L.
Hobson, a business associate OF
Davis.
BALTIMORE AP-A business
boom in Iceland-an island guard
ed now by 10000 British and Cana
dian soldiers-wss reported today
by seamen aboard the Hekla. tiny
steamer here with a cargo of fish
meal and tales of war-inspired pros
perity back home. Not an able
bodied man among the estimated
10000 native Icelanders is out Of
work. they said, and Reykjavik, the
Hekla's home port of 10000 persons,
has taken on metropolitan air
with crowded streets and busting
traffic.
= ACKNOWLEDGEMENTS out the
old year and ringing in the new
will be just the ordinary mid
night job of striking IL for Big
Ben without a single added flour
ish. There will be no carlton to
herald the New Year because II
British bells peal out now it is the
signal of invasion. Big Ben. like
other London clocks. therefore con-
tinues only to strike the hours.
ROME-AP-One person was
killed and 20 were seriously in
jured today when a fast passenger
train from Naples crashed into the
rear OF another train near Cis-
terna about 25 miles south OF
Rome.
ROME-INS-- New taxes and
severe restrictions on speculation
will be imposed by the Italian
government, Virginia Gayda, noted
Fascist editor, reported TODAY
Gayda said there will be new
heavy taxes and restrictions to
block wartime speculation and ex
tensive distribution OF stock divi-
bends, which in recent months has
DOOneu unnedltnlly.
FORT WAYNE, Ind.-UP- A
strike Of $500 member OF the Unit
ed Automobile Workers (CIO)
halted production at the Interna-
tionsl Harvester Company's plant
today. The walk-out began at 5
a. m. (CST) after Charles Shrock,
union local president. said nego-
tiations over contract provisions
had failed despite intervention OF
a federal mediator.
WASHINGTON-AP-An immin-
ent monetary and banking" step
forecast by Federal Reserve Off
cials was foreseen by authorita.
tives sources today as a precau-
tionary tightening Of the lending
powers OF banks, TO check any
infationary tendency which might
arise from defense spending. Con.
1rmation Of an impending move m.
volving banking came Monday
from Mariner s. Eccles. chairman
OF the Federal Reserve board. and
from Treasury Secretary Morgen-
than