davidaulloa/AmericanStories huggingface dataset:
Evening star., 1951-02-04

of the responsibilities with which
we were charged, principally to
promote stability in the economy
by regulating the volume, cost and
availability of money, keeping in
mind at all times the best interests
of the whole economy. The chair
man turned to the members of the
Federal Open Market Committee
and said the President could de-
pend on everyone-the group to do
what they could to protect the
Government credit.
Differences Expected.
Chairman McCabe stated that
with a group of men such as those
composing the Federal Open Mar
ket Committee, there would, of
course, be differences of opinion
as to just how the best results
could be obtained. The President
nodded, indicating that he under
stood this. The chairman sug-
gested the following procedure
that we consult frequently with
the Secretary Of the Treasury.
giving him our views at all times
and presenting our point Of view
strongly, and that by every means
possible we try to reach an agree
ment. If this could not be ac-
complished, he (the chairman)
would like to discuss the matter
with the President. The Presi-
dent said this was entirely salts
factory and closed the meeting on
the same note as it was opened
namely, that he wanted us to do
everything possible to maintain
confidence in the credit of the
Government and in the Govern
ment securities market and to sup
port the President of the United
States in achieving this end.
"The chairman stated at the
end of the meeting that he pre-
sumed that any statement con-
corning this meeting would be
made by the President. The Pres
ident said he would have no OBJ
lection to our making a state
ment and thought that it might
be a good thing. The chairman
then asked him what would be
the general nature of the state
ment and he said it can be said
that we discussed the general
emergency situation, the defense
effort. budget and taxes, and
that he had stressed the need for
public confidence in the Govern
Evening star., 1951-02-04
Expresses Astonen Over 7uons Stand on Interest Rate Policy

ment's credit. He said further that
he would be talking to the press
the mex. morning and that he
would be prepared to answer
questions that might be raised.
Since the President indicated that
he would be discussing it with
the press, the chairman said he
felt it would be best for us not
to issue any statement to the
press at this time. The President
did not seem particularly con-
cerned about whether or not a
statement was issued. The press
conference scheduled for the fol-
lowing morning was Cancelled be-
cause of Gen. Eisenhower's ap-
pearance at the Capitol"
Truman Letter Released.
The record concluded with press
association accounts of an an
nouncement Thursday by Presi-
dental Press Secretary Joseph H.
Short that the board had pledged
its support to the President to
maintain the stability of Govern
ment securities as long as the
emergency lasts. Mr.. Short was
quoted as saying the announce
Evening star., 1951-02-04

election and won anyway. II 1t
had not been for that irreSpon-
sible reduction in taxes, he said,
the Federal budget would have
been in balance all these years.
He stated that he wanted to levy
all the taxes necessary to pay the
cost of the defense effort, whic1
he felt would be between 100 and
100 billion dollars over the next
few years. He stated that he had
Just met with the congressional
leaders and asked for $16.5 billion
in taxes and that he expected to
get this in two bites-a quick tax
bill yielding about 10 billion and
the other 612 billion to come after
more careful study. He wanted us
to understand that he is doing
all he can on the tax front to
combat imitation.
THE President gave each men,
ber of the committee a copy of
THE Federal Budget in Brief"
He expressed the opinion that the
budget had been pared to an ir-
reducible minimum. He said that
he had participated in the prepa-
ration of 16 budgets and felt he
was competent to judge and un-
derstand them. Maybe something
could be cut out, but it would
make hole in the defense effort
and that he would not do.
"The President said he felt we
had done good job and wanted
us to continue to do a good job
in maintaining the financial st1uc-
ture of the country. He further
stated that he had had a number
of conferences with our chairman
but this was his first opportunity
to meet and talk with the entire
committee. He made no mention
of recent differences of opinion
with the Treasury.
Committee Work Praised.
Chairman McCabe thanked the
President for receiving us and in
dicated that we all share his con-
Germ for the maintenance of the
Government credit. He stated that
although the support of the Gov
ernment bond market was some
thing in the nature of an extra
curricular activity for the Federal
Open Market Committee, it had
performed this service for the past
nine years or more and had done
very good job He stated that
the committee had always care
fully weighed its responsibilities to
the Government and to the gen.
eral economy as we'll and that
these are statutory responsibilities
which 1t could not assign, if it
would.
The President interjected that
he was familiar with that, but
wanted the committee to continue
its good work during the defense
period. He emphasized that he
was speaking of the defense period
only.
Chairman McCabe referred tc
the fact that in the last few days
the Government bond market hao
gone up a few thirty seconds and
then had come down a few thirty
seconds, which he considered to be
proper market oprational tech
nique. The President said he would
not undertake to discuss details OF
that kind, that he was principally
concerned with maintaining the
confidence of the public in Govern
ment securities as one way of pre-
senting a unified front against
Communism. He did not indicate
exactly the details of what he had
in mind, but he reiterated, that we
should do everything possible to
maintain confidence in the Gov
eminent securities market. The
chairman outlined concisely some
Evening star., 1951-02-04

ment was "to quiet those ru-
mors" of differences of opinion
between the Treasury. and the
board
The White House late Friday
gave out the text of President
Truman's letter to Chairman Nc
Cabe.
Expressing thanks to the board
and committee for their express
sion of full cooperation" the
letter stated:
"Your assurance that you would
fully support the Treasury de-
fense Financing program. both as
to refunding and new issues. is
of vital Importance to me. AS
understand it, I have your full
assurance that the market on
Government securities will be
stabilized and maintained at pres
ent levels in order to assure the
successful financing requirements
and to establish in the minds of
the people confidence concerning
Government credit"
Evening star., 1951-02-04
Investigators Split on Method
Of Dealing With RFC Influence

general way in the original re-
port"
Chairman William M. Boyle Of
the Democratic National Com
mittee issued a statement yester-
day in comment on references
made to his staff in the report.
Special Attention" Charged.
These references said there was
evidence that Mr.. Dunham, al
though Republican. "co-operated
freely" with Mr.. Boyle and his
staff, giving special attention" to
matters which interested them.
1t said Mr.. Dunham's most fire.
quent visitors. Judging from his
office records" were introduced by
Mr.. Boyle's Office.
Mr.. Boyle said yesterday:
1T is not unusual for people to
come to Washington and call at
the committee in order to find out
where in the Government they
can obtain information with re-
spect to their problems. All en-
ployes of the committee try to
assist in directing such people to
the department concerned with
their matters. Such referrals are
routine and are not an attempt to
influence the Judgment of Gov
ernment officials, who treat each
matter strictly on its merits. All
officers and employees of the DEM
ocratic National Committee are
guided by this policy"
Combinations Blocked.
Senator Fulbright has said the
committee delayed issuance of its
report lin the hope that a cure
for the basic ailment-weak man
agement-would be brought about
by executive action"
The committee has blocked
President Truman's efforts to get
Senate confirmation of his five
appointees to the RFC board.
Some of the committee men,
bers, it is known, have tried to
persuade Mr.. Truman to revamp
the RFC setup. Meanwhile, the
board members are serving under
temporary appointments.
Asked whether any new over
lures would be made to the White
House. Senator Fulbright said:
Il don't see any point in do
ing that. There comes a time
when you might as well give up"
Evening star., 1951-02-04
Krupp and 28 Others
Walk Out Of Prison
Into Festive Reception
BY the Associated Press

LANDSBERG. Germany, Feb. 3.
Munitions Maker Alfred Krupp,
four generals and "a other Ger
mans walked out of the Lands
berg war crimes prison today into
festival of freedom.
joyful relatives clutching bou-
quets rushed into the arms of the
men as the massive wooden doors
opened.
Krupp, 43, appeared gray and
drawn, but beamed gaily and
readily posed for pictures.
In contrast. Count Lutz Won
Schwerin-Krosigk, a former Ger
man finance minister, slipped
away Immediately and Gen. HUI
bert Lanz f1ared at photog-
raphers: Stop this nonsense"
The 20 convicted war criminals
were freed under a mass clem-
ency ordered this week by Amer
lean authorities. They had been
sentenced by United States
courts at Nuremberg. Four others,
whose sentences were wiped out,
already were out of prison under
going hospital treatment.
Those who walked out of the
big red prison which once housed
Adolph Hitler included:
1t. Gen. Wilhelm Speidel,
brother of Gen. Hans Speidel, who
is representing the West Ger
man republic in rearmament ne
gotiations with the Western Al
lies: Gen. Ernst Won Leyser:
Gen. Ernst Dehner, Krupp gun
designer: Erich Mueller and
krupp executives Friedrich JAMS
sen, Friedrich Won Buelow, Karl
Eberhardt, Heinrich Korschan
and Friedrich Lehman.
Sleek limousines bore them to
Landsberg hotels. Police reserves
were called out to control crowds
which were collected in the streets
and shouted friendly greetings to
the group.
Evening star., 1951-02-04
BY the Assoeioted Press

Senate Investigators split sharp
ly yesterday over how to deal
with what they describe as Gin
fluence" exerted on RFC lending
policies by an aide to President
Truman and by other persons.
THE thing to do is replace
the RIGS flve-man board of di-
rectors with a single administra-
tor" said Senator Fulbright, DEM
ocrat. of Arkansas. chairman Of
the Senate Banking subcommittee
which investigated RFC opera
tions.
But Senator Capehart. Republi-
can, Of Indiana, also a member
of the subcommittee. called the
Fulbright proposal "the wrong
way to go about it." He said he
favors retaining the board and
granting more authority to the
chairman.
Differ Over Inquiry.
Senator Fulbright and Senator
Capehart differed, too, over
whether the Justice Department
ought to investigate the commit
tee charges against the RFC, as
suggested by Representative SUIT
ton, Democrat, of Tennessee
Senator Fulbright said he knew
no reason for it at this time;
Senator Capehart said it might
we'll be undertaken.
The full Banking Committee
Friday approved a report which
accused three of the five RFC di-
rectors of improperly yielding to
outside influence in granting sew
eral multi-million dollar loans.
The board members criticized
are Walter L. Dunham, William
E. Willett and c. Edward Rowe,
The report made no mention of
RFC Chairman w. Elmer Harber
or Walter Cosgriff. the other mem
ber. They are serving their first
terms on the board.
MI. Rowe and Mr.. Dunham
have denied the committee
charges. Mr.. Willett was reported
out of town.
Dawson Expected Back Monday.
The committee also said that
Donald Dawson, adviser to Presi-
dent Truman on personnel mat
ters, had some success in efforts
ito dominate the RFC." Mr.. Daw-
son is expected back from Brazil
Monday.
Senator Capehart said in a radio
interview yesterday he certainly
would like to see Mr.. Dawson ap-
pear" at public hearing, adding
that Il think he owes it to the
American people" The commit
tee offered to hold hearings for
anyone who felt he had been
injured unfairly by the report.
| Interviewed in the broadcast by
Bert Andrews of the New York
Herald-Tribune, Senator Cape
hart observed that the report was
signed by all six committee men,
bers, four Democrats and two Re-
publicans.
II would suggest that this indi-
Gates that some of the goings-on
in Washington are just too much
for even the Democrats to stom-
ach," he added.
Calls for Indignation
Il think it is high time we were
having a revival of moral indig-
nation among our people. I can
remember when situations no
worse than some we have in
Washington would have caused
people to be driven from public
life. If they (the people, don't
get mad, I honestly fear for the
future of our Republic"
! Senator Fulbright has intro
duced legislation which would
abolish the RFC Board and place
an administrator in charge. He
told a reporter public hearings on
the bill will be held in two weeks.
I'VE have two more reports we
want to get out first" Senator
Fulbright said. They will sup
port and enlarge upon some of
the material handled in only a
Evening star., 1951-02-04

California's half million acres
of vineyards constitute about 80
per cent of the total grape acre
age in the United States.
Evening star., 1951-02-04

Fresh oysters contain calcium
and phosphorus.
Evening star., 1951-12-18

Iquartet plays music Of Schumann,
Shostakovitch and Brahms in a
memorial program to Antonio Stra-
dwarf. Admiral Leo o. Colbert,
Werner w. Clapp and DR.. A. C. Ger
ZACH are intermisSion speakers.
$3.50, WMAL-Defense Mobiliza-
ton Institute: The program shows
the role of Government Agencies in
Defense Mobilization.
$3.50, WRC-Hollywood Theater:
Cesar Romero stars in Sitting
Duck"
800, WMAL-Town Meeting of
the Air: Ilka Chase, Agnes deMille,
Pauline Frederick and Mrs. Harold
T. Hayman discuss "Is This a Man S
World?"
1918, WWDC-Randolph- Macon {:
The Randolph-Macon Glee Club
presents a program of Christmas
music.
10:30, WASH-Christma Music
The Aberdeen, Kansas High School
Choir is heard.
1880, WRC-Playhouse on Broad
way: Noel Mast and Eva LEGAL
llienne head the cast of The Little
Foxes"
Television Today.
500, WNBW-Star Theater: Kay
Armen and the Mary Kaye Trio
visit
$3.50, WTTG-Keep Posted: Sen
ator Estes Kefauver and Senator
Francis j. Mahoney discuss Should
We Legaiize Gambling?"
900. WTTG-Cosmopolitan Thea
ter: Bethel Leslie, Helen Hayes
protegee, is starred in THE Signing
Sound"
900, W-Fireside Theater
Joan Leslie will play the lead In
BLACK Savannah"
$3.50, WTOP- Suspense: The
dramatization is "Pier IT."
$3.50, W Circle Theater:
Elizabeth Hume's Disaster" is pre-
Isented, featuring Gene Reynolds.
Evening star., 1951-12-18
HighIights
Radio Today.

500, WMAL-Newsstand Theater
The drama is Patricia Highsmith's
Where to, Madame?"
500, WRC-Cavalcade of America
The 1l5-voice DUPONT Chorus pre-
Sents its annual program of favorite
Christmas carols.
8:15, WGMS-Library of Congress
Concert: The Budapest String
Evening star., 1951-12-18

Mrets
aM I,a the Break aumpI Room 1a md: ns'er las Matr Chapel
23 Shop N
s. Sos N wheman
lyon , Nancy osssd Peoples Playhouse a. News as sh.
z3, Musical vaieie .
4. Smith;
WoP1Go.
Lhe f23o,
2s Bride and $50 Mel
cpMhM
Evening star., 1951-12-18

Evening news broadcast di-
rect from The Stars news
room, Monday through Friday
over Stations WMAL and
WMAL-FM; 6 pm.
Scandinavian American. [volume] (Seattle, Wash.) 1945-1958, 1951-05-07
Norway-U.S. Trade Now Promoted

The Norwegian-American Cham
Der of Commerce, New York City,
recently opened a branch office
in Oslo. Headed by Erik O. Boye,
the full-staffed Norway office of
fers MACE members and non
members many practical advan-
tages. Services include first-hand
trade information, advice and
guidance on import and export op-
portunities, personal contacts, and
up-to-date market analyses.
Secretary Boye and his assist
ant will work in close contact
with the Norwegian Export Coun-
Gil in all matters connected with
export of Norwegian merchandise
to US.A. MACE members inter-
ested in export, or American bust
Scandinavian American. [volume] (Seattle, Wash.) 1945-1958, 1951-05-07

nessmen coming to Oslo to pur-
chase Norwegian goods, will be
introduced to manufacturers. In
quiries concerning trade opportun-
tiles will be hnadled on the spot,
rather than from NY, thus saw
ing weeks of delay by correspond
ence back and forth.
Mr.. Jack M. Osmond, MACE
Co-ordinator in Norway. explains
the significance of the Norway Of
flee in these words: THE problem
of export to U.S.A. and import
from U.S.A., requires a thorough
analysis. The postwar years, and
especially the last two years of
devaluation, have proved tn t
imports are difficult. Exports,
however, have gained, and could
have been even greater if the ex-
porters had a better knowledge of
the us. market. With increased
exports we may hope for increased
imports, and here again not pro-
miscuously, but based on analy-
sis of Norway's needs, guidance as
to what to buy, where to buy and
from whom to buy.
Scandinavian American. [volume] (Seattle, Wash.) 1945-1958, 1951-05-07
Morse Economic Program:

After a three-day debate, the
Norwegian Parliament recently
approved the finance committees
majority report on the Govern
ment's proposals for Norway's
economic policies in the 1852
fiscal year, the so-called National
Budget. Following party lines, the
vote was 81 Laborites-for; 60
non-Laborites- against.
The ACKNOWLEDGEMENTS eco
nomic blue print calls for limita-
ton of new capital investments;
an estimated 1917 industrial pro-
duction increase; higher labor pro-
ductivity; fighting initiation; and
speeding up defense.
All non-Laborite representatives
united to support an 8-point cen
ter program which would have
modified and changed certain
phases of the budget.
Prior to approval of the l951-52
economic program, the Parliament
passed a number of other meas
ures. By unanimous vote, the gen.
eral sales tax was increased from
6A &c to 10. The increase is ex-
pected to produce revenues total
ing 800 million kroner, of which
230 million will pay for extraordi-
nary defense expenditures, while
so million will pay of-living
allowances to Civil Service EN-
ployees.
To minimize the hardship for
large families, the Parliament has
been asked to increase income tax
allowances from 100 kroner to 28O
kroner year for each child after
the second. Likewise, the minimum
rate of State income tax would
be reduced from $3.50 to 80 a
year. The new rate would be ap-
plicable to incomes up to 5000
kroner a year, instead of $500 as
now. Under the proposal, still to
be approved by Parliament, tax
free allowances and adjustments
on the local level would be also
raised.
Families To Benefit
Finance Minister Olav Meisdal-
shagen estimates that the higher
general sales tax will cost a s.
member family an additional 500
kroner. However, a family of this
size would be more than compen-
stated by the increased allowances
and income tax adjustments.
In the earlier move, the Nor
wegian Government fixed new ex-
port levies on certain commodities.
Scandinavian American. [volume] (Seattle, Wash.) 1945-1958, 1951-05-07
SAS Network
Now Covers
$1,000 Miles

The opening of a direct weekly
route Stockholm-Tokyo on April
25 is one of the new services of
Scandinavian Airlines System on
it's summer C h dule, just an
nounced. In addition, eleven trips
per week will be made between
Scandinavia and North America,
and there will also be two weekly
freight services across the At
lantic.
Covering $1,000 mics, the SAS
network is now Approximately
5000 miles longer than it was
year ago. The almost 10000 mile
line Stockholm Tokyo will be
flown in fifty-three hours, tn e
planes leaving the Swedish capital
every Wednesday. There are two.
services a week to Buenos Aires
and three to Rio de Janeiro, while
the Santiago de Chile route will
soon be opened for regular fort
nightly flights. Teheran and LYDIA
are served twice a week; Cairo,
Beirut, and Damascus every week.
and Nairobi in East Africa fort
nightly.
Traffic activity on SAS Euro
pean services will also be consid-
erably increased There are daily
connections with Great Britain,
France, the Netherlands, Belgium,
Germany, and Switzerland, while
Italy will be served six times
week and Vienna three. The popu-
lar might Partisan" will fly
eleven nights week. the night
ly connection Copenhagen-P arts
being supplanted with four weekly
services direct from Stockholm.
Scandinavian American. [volume] (Seattle, Wash.) 1945-1958, 1951-05-07
Morse Economic Program:
Price Controls, Aid To Large
|: families, Increased Production

chiefly newsprint and wood pulp.
Effective May Is, $50 of the adj
ditional revenue from export levies
will go to help regulate domestic
prices.
During the debate on the Eco
nomic Program, Finance Minister
Meisdalshagen declared that it was
essential to limit capital invest
mentS and bank credits, and at the
same time, continue construction
controls. He said the economic
policy must be supported by eff
fective price controls which will
help to keep price rises to mini
mum and reduce prices where pos
sible.
Mr.. Meisdalshagen utged that
excess profits made by the export
industries should be used to sta
Billie the home market. 3 0 til
Government expenditures and cap
ital investments, he stressed. must
be paid without resort to new
loans. The economic policy, in his
words, is designed to stabilize the
currency, and that calls for active
interference on the part of til e
Government.
Scandinavian American. [volume] (Seattle, Wash.) 1945-1958, 1951-05-07

Bottles and jars prove the slo-
gan; "Your Throw Always Make
Work that Pays" which has been
adopted for Salvation Army Clean
Up Week May 1919.
Waichi Okamoto sorts miscel-
laneous bottles and jars at the Sal
walton Army Social Center at 1905
Sixth Avenue South. Last year
there were 1,103,975 pounds of
glass reclaimed at the Social Cen
ter. This was used in the manu-
facture of new bottles and jars.
Additional thousands of bottles and
jars were sorted for reuse in food
processing. Many a man has
Scandinavian American. [volume] (Seattle, Wash.) 1945-1958, 1951-05-07

The association People and De-
Tense" has just been formed by
seventy-eight of Norway's main
national organizations. Purpose is
to promote understanding of and
support for Norway's defense pro-
gram.
Scandinavian American. [volume] (Seattle, Wash.) 1945-1958, 1951-05-07

More than $4,000 of Oslo's 49,
900 population are members of the
Norwegian Labor Party.
Scandinavian American. [volume] (Seattle, Wash.) 1945-1958, 1951-05-07

gained new start in life through
helping with bottles and jars which
householders had given to The Sal
walton Army. Besides bottles and
jars there were 224,356 pieces of
furniture and miscellaneous art
icles reclaimed last year; almost
100000 articles of clothing and 3d.
2O6 pairs of shoes were repaired
and restored to usefulness. There
were 1854, 451 pounds of maya
zines, newspapers and paper pro-
ducts salvage and 1,128, FOG
pounds of rags, cotton, etc, were
reclaimed to be used in manufac-
turing new articles.
The Daily Alaska empire., 1951-08-29
Kid Gavilan Rafed
 Heavy Favoyiie in Tile Bout Toniahi

NEW YORK, Aug. -,P-Wel- terweight champion Kid Gavilan, confident and at the peak of his form, was rated a hefty 13 to fav- orite to whip Billy Graham of New York in their 15-round title bout at Madison Square Garden tonight.
 Although he lost one split deci- sion to Graham and won the same way in the return, the sleek, flashy e'tt;t991;tf1 has ovgrl nIaCie JflC DiF choice on the strength of his recent form.
 The 25-year-old Gavilan is riding a ten-fight win streak which began with his revenge victory over Gra- ham on Nov. IT, 1850. The slick boxing New Yorker had edged the colorful Cuban nine months before.
 This will be Gavilan's first title defense since he won the crown by trouncing Johnny Brattcn in the Garden on May 18. A crowd of around 5000 is expected to pay around $40,000 at a SIP top.