davidaulloa/AmericanStories huggingface dataset:
Milford chronicle., 1953-02-06

Mrs. Morris Meredith and daugh-
ter "Debby" have returned home
to Newark after spending the past
two weeks with Mrs. H. E. Mills
and daughter, Catherine.
Mr.. and Mrs. Norman Groves OF
Wilmington were Sunday guests
of Mrs w. A. Long and daughter.
Mr.. and Mrs. Mart Uhler and
Mr.. and Mrs. John Elliott visited
Mr.. and Mrs. Clifton Cohee in Den
ton on Sunday.
The Rev. and Mrs. J. Frank Den
mis- had as their recent overnight
guests, Mrs. Helen Walker and
Mrs. Clara Ford of Kenton. These
folks were from Mr.. Dennis for
mer charge.
Mr. and Mrs. E. d. Brasure and
Mr.. Jacob Hatfield spent Wednes-
day evening with the Preston
Kentons in Milford and enjoyed
the Arthur Godfrey show on tele-
vision.
Mr. and Mrs. Robert Jester spent
Thursday evening with Mr. and
Mrs. Charles Jones. On Sunday
evening they were supper guests
of the Jacob Hatfields.
Greenwood Methodist
1000 a. m. Church School, L. c.
Zych, superintendent It was nice
to see so many out to the church
school last Sunday. It was the
best attendance since rally day
Keep the good attendance up each
Lords day.
1880 p. IN. Evening worship. The
Diamond State Telephone Com
pany will present their picture
"The Story of Delaware" This is
a picture you need to see. Public
! invited.
Trinity Methodist.
| 10000 a. m. Church School, Mr.
Frank Friedel, superintendent. II
a. m. Morning Worship and SER
mon by the minister.
Chaplain's Chapel Methodist.
10:30 a. m. Church School, Mrs
Floyd Macklin, supt. Chaplain's
Chapel will hold a covered disf
dinner next Tuesday night at
o'clock at the parsonage. Public
is invited. Price $100 without {
dish of food. SOC with a dish.
The Sta. Johnstown Aid will NEE
at the home of Mr.. and Mrs. E. d
Brasure on Friday, February Is a
s p. m.
Milford chronicle., 1953-02-06
81. Lohnstown Methodist

JLs IUlln5lOWn NlGLuOu1ols
1900 p. m. Church School, S. B.
McIlvaine, superintendent. 1900 D.
m. Public Worship and sermon
by the minister
The official board of the Green
wood Methodist Church will meet
on Monday night at the parsonage.
The Sunshine Bible Glass of the
Greenwood Methodist Church will
meet on Thursday night at the
church. Officers for the new year
will be elected.
Rev and Mrs. J. E. Layton at
tended the ministers and wives
meeting at Clayton Methodist
Church on Monday morning. They
spent Monday night with their
daughter and family Mr.. and Mrs.
J. J. Daniels at Holly Oak. Their
grandson Jay Daniels celebrated
his fifth birthday on February 1st.
Several men from the Green
wood Methodist Church attended
the laymen's and minister's dinner
last Wednesday night at the As
bury Methodist Church, Harring-
ton.
Funeral services were held on
Sunday afternoon for Walter Car
Isle who died on Thursday night.
The service was held in the St.
JOhnstOwn Methodist Church OF
which he was a member for 60
years. The service was in charge
of the minister, Rev. ]. E. Layton,
assisted by the Rev. Frank Dennis,
minister of the Grace Methodist
Church. Greenwood.
Milford chronicle., 1953-02-06
GREENWOOD
BY Mrs. EITa Hatfield
Phone Greenwood 1855
Greenwood, Grace, Cannon
Mnihnlisf CharQn

UAccMWVVuS WANCt9 AANMvu
Methodist Charge
J. Frank Dennis, pastor. Sun
day services.
Bethel Methodist Church
$3.50 a. m. Morning Worship SER
vice, sermon by the pastor 10:15
a. m. Church School Mrs. Mary
ID. Paskey, superintendent.
Grace Methodist Church
$3.50 a. m. Church School, Wal
ter Mills, superintendent. 10:30 a.
m, worship service, sermon by the
pastor.
Cannon Methodist Church
10:30 a. M, Church School, Rob
ert Gilbers, superintendent. 1880
a. M, morning worship service.
Sermon by the pastor.
We are justly proud of the fine
work being done by the choir at
Grace Methodist Church. Our
choir director, Mr. Richard Con-
nell and our musician, Miss Nancy
Porter, deserve all our loyalty and
gratitude. This past Sunday, the
anthem was rendered by our Jun
ior choir. The fresh, young faces
of these boys and girls above their
bright red choir robes and white
collars, and their young voices
singing so we'll were an inspiration
to the whole service.
The Ladies' Auxiliary of the "
f. W. will hold a bake next Satur-
day. February z in the Fire Hall
from 10 to 12 a. m.
The Willing Workers Sunday
School class will meet February
IL at the home of Mr.. and Mrs.
Lawrence Graham.
The Nanticolke Memorial Hos
pital Women's Auxiliary will meet
February 10 in the SeafOrd Fire
Hall. This viii be the regular
monthly meeting. They are also
having a card party in the Fire
Hall on Friday evening. February
1S. There will be door prizes, and
prizes for each table and refresh
ments will be served. The, price
is $l.00
The Home Demonstration Club
will meet at the home of Mrs. Os-
car Lofland on February 10 al
500 D. m. for a covered dish sup
per. Miss Ratliff, the agent, viii
be with US and discuss Family
Living in 1883"
Miss Ida Lynch of Wilmington
has been a recent guest of Mr.. anC
Mrs. Homer Lynch and Mr.. anC
Mrs. Arthur Lynch.
Mr.. and Mrs. Luther Lyons re-
port a fine time during their two
weeks stay in Florida. They made
the trip there and back by plane
and visited many points of inter
est in Daytona Beach, Coral Ga
bles, St. Augustine, Miami ant
Vero Beach. They also visited tn
Cypress Gardens. They returned
home on Monday night and OF
Wednesday night had dinner witt
the Robert testers.
Milford chronicle., 1953-02-06

terment was made at Hollywood
Cemetery, Harrington.
We are glad to know that Mrs.
Elijah Harrington is improving and
able to be around her home and
attend to her homework again..
The friends Of Miss Mary Biddle
are glad to know that she is much
improved and able to be out again.
The WV Auxiliary is having a
covered dish supper for its mem
bers and their families on Febru-
ary 3rd at P. M. The post has
been asked to join in the affair.
Mr.. and Mrs. Dorsey Torbert en-
tertained at a turkey dinner on
Sunday, January oath, in honor of
their daughter and son-in-law, Mr..
and Mrs. Larry Becher, who had
just returned from a honeymoon
in New York. The following were
guests: Mrs. George TOrbert,
mother OF Mr.. TOrbert, Janet Lee
Hobbs, daughter of Mrs. Becher,
Mr.. and Mrs. Homer Torbert and
children, Mr.. and Mrs. Russell Tor
bert and children, Mr.. and Mrs.
Elmer Roland and children, Mr..
and Mrs. Lynn TOrbert, all of Eel
ton. Also present were Mr. and
Mrs. Rube wilkinson, of Whining
ton. Mr.. and Mrs. Becher receiv-
ed some beautiful gifts, along with
everyone's best wishes.
Milford chronicle., 1953-02-06
GAS sMIPE sHERIEE.s BADGE

ROCHESTER,, Ind -(F)- Chief
Deputy sheriff Deverl Holloway
told two girls how to get to South
Bend, 40 miles away, but he didn't
appreciate how they repaid the
good turn.
after the girls left the Rochester
Jail, Holloway noticed his badge
missing from his coat hanging on
a wall Holloway chased the South
Bend bus to Plymouth, "a miles
away, but failed to overtake it. He
radioed South Bend police, who
found the girls on the bus when it
arrived.
The South Bend police recovered
HolloWay's badge and let the girls
off with a lecture.
Milford chronicle., 1953-02-06
MAIL BOX NOT THE SAME

BRANDON, Canada - Up - A
new arrival from Italy who tried
to mail letter in a fire-alarm box
received a courteous explanation
from police that mail boxes are not
quite the same thing. The expla-
nation was made after the women
was surprised by the arrival of a
fire truck.
Milford chronicle., 1953-02-06
ALLIEs 81 U. 5. pLANEs

BRINDISI, Italy - (F) This
port on the lower Adriatic has be-
come the gate Of entry for a steady
stream Of u S. warplanes destined
to bolster the lighting strength Of
Italy, Greece and Turkey.
During the past year, so supply
ships unloaded $50 planes and sew
eral thousand tons Of other arms
here at the southern end Of the old
Roman Appian way.
Supplies landed here are divided
roughly in thirds for distribution to
the three countries. At big rebuilt
jet plane bases inland from the
port, both Greece and Turkey MAIN
tain crews Of assembly mechanics
and ferry pilots.
Milford chronicle., 1953-02-06

The first practical typewriter was
placed on the market in 1874.
Evening star., 1953-09-20
l946 l97 .l94s i940 1850 -

private foreign investment can
be raised from the present
level of 81 billion a year to
around 81 billion. But to
achieve such tremendous ex-
panSion it will not be enough
to remove the impediments
enumerated above. Men who
have studied the field say that
the United States Government
would have to provide sizable
positive incentives.
The two incentives most
often mentioned are Govern
ment guarantees against nom
business risks, such as expro-
priation, and total or partial
tax exemption for income from
foreign investments.
Limited guarantees for
Americas foreign investors
have been provided by Con-
greSS since 1948. The Economic
Cooperation Act of 1948 au-
thoriZed use of ECA funds
to guarantee convertibility of
returns from new investments
in Marshall Plan countries,
provided the ECA admins
traitor and the government in
volved approved. A fee of /
per cent was charged for this
guarantee, which was limited
at first to the amount of the
original capital invested. In
1o49 this guarantee was ex-
tended to include convertibility
of profits. Losses from expro-
Evening star., 1953-09-20

double taxation. But If foreign
taxes are lower than American
taxes, Uncle Sam demands the
difference between what is paid
the foreign government and
what the United States taxes
would be. Potential investors
claim this leaves them at a
disadvantage in competing
abroad with foreign compa-
nieS.
Some tax exc emption,
amounting to a IA per cent tax
advantage, has been granted
since 1912 to so-called Vest
ern Hemisphere corporations,
that is, firms whose business is
conducted entirely in this
hemisphere and 95 per cent of
whose gross income is derived
from sources outside the
United States. Some partial
exemption might be extended
to corporations operating OUT
side the Western Hemisphere.
1t Is suggested.
But there are some potent
arguments against tax exemp-
tions as stimulantS to foreign
investment.
For one thing. they would
introduce inequities into the
domestic tax system. The
value of exemptions would vary
widely from country to coun-
try. For another thing. some
nations might retaliate by
improving their own investors
position.
Such a plan would also cost
Uncle Sam a sizable chunk Of
revenue at a time when there
is special emphasis on balanc-
ing the budget. The revenue
loss would be between 5000
million and $400 million.
1t is, of course, obvious that
the American businessman
would stand to gain by these
incentives to foreign invest
ment. That might be expected
from the Republicans "busi-
ness administration" Assist
ant Secretary of Commerce
Samuel Anderson has said
many times that the Eisen-
hover leadership favors ex-
pansion of foreign investment.
The job will be to convince the
general public that the open
discrimination in favor of
American business is justified
because of the benefits accru-
ing to all segmentS of the pop
ulation through world eco
nomic prosperity, and to show
that the costs of this incentive
program will not unduly bur-
den the taxpayer.
Evening star., 1953-09-20

nation had virtually been
wiped out by the liquidation or
decline in value of old invest
ments, by the subsequent flight
of European capital to this
country and by other factors.
World War II swung the
pendulum the other way again.
United States productive ca
pacity scared. War devaSta-
tion gravely damaged much of
the worlds other productive
capacity, and seriously dis
rupted most nations econo-
mics. Former capital-exporting
countries, like Great Britain,
could no longer lend abroad in
huge amounts, if at all. The
United States quickly took over
the lead as world banker.
The Governments Role
The one big difference be-
tween Americas foreign in
veStmentS of the 192Os and
those of the postwar years, of
course, has been the Govern
ment'S role. The earlier loans
were provided solely through
private firms. Present day
capital is provided to a large
extent by Government and
quasi Government agencies.
AS the taxpayer now is we'll
aware, not all this capital is
provided as loans, however.
Much Of it is in outright
grants. American corpora
tions recently have resumed
some new investment also, but
there has been almost no re-
vival of investment by indi-
viduals. High individual tax
rates, mopping up risk capital,
have had a lot to do with the
lack of individual investment.
The Government loans to-
Evening star., 1953-09-20

just occurred this year in
Guatemala, however. There
the United Fruit Co. interests
are being taken over by the
state.
American investors do not
dispute the right OF sovereign
nations to appropriate. But
they do insist on adequate and
prompt compensation for their
investments.
So far the rest of the world
does not see it our way, how
ever. Last December the
United Nations General AS
sembly passed a resolution
sponsored jointly by Uruguay
and Bolivia affirming any
country's right to nationalize
its natural wealth and re-
sources. An amendment by
India was adopted to reassure
private investors by stressing
the need to maintain "the
flow of capital in conditions
OF security, of mutual conf
dence and economic co-opera-
ton among nations" But the
United States was rebuffed in
its plea for specific recogni-
ton that the Matchmaking
countries are obliged to COM
pensate private owners. This
country voted against the
amended resolution.
There are other obstacles
to foreign investment. Some
laws reserve exploitation of
colonial resources to nationals
OF the mother country. Some
insist on local capital partici-
patton, and local representa-
ton on boards of directors.
There are some limitations on
the number Of foreign" en-
ployes allowed, or other labor
restrictions. Some countries
discriminate against foreign
incorporated enterprises by
taxing them more heavily.
There are, of course, some
countries which offer special
inducements to foreign capital
like tax exemptions or lower
import duties for a specific
number of years, free sites for
industrial installations, or
guarantees that earnings can
be transferred. But it is gen.
orally agreed that unfavorable
factors far outweigh favor
able ones for the foreign in
VeStor.
AS for portfolio investment,
the big barrier Is the attrac-
tivenesS of investment oppor-
tunitieS in this country. There
are so few risks.
Optimists hope that new
Evening star., 1953-09-20

priation were covered in 1850.
But private investors weren't
impressed. So far. only $4T.2
million worth of guarantees
have been passed out. These
cover projects in six Euro
pean countries and Turkey.
Only three guarantees against
appropriation had been issued,
two for $1.3 billion invested in
Germany and one for $500
million sent to Italy. Busi-
ness has not made use of the
guarantees, it is explained, for
three reasons: There is no pro-
vision for losses from war or
civil disorder; the l per cent
price on guarantees is high,
and submitting investment
plans to Government scrutiny
is frowned on.
Busi eSs representatives
claim, however, that guaran-
tees could be offered which
would stimulate foreign invest
ment. They want all risks,
including nonbusiness ones, to
be covered in the Government
guarantees. They also ask
that the fee be held to per
cent or even reduced. To pro-
mote portfolio investment, it
is suggested that guarantees
be extended to that field.
AS for tax concessions, the
United States now allows a
credit for taxes paid to foreign
governments. thus insuring
United States investors against
Evening star., 1953-09-20

same time portfolio invest
ments, that is, public buying of
foreign bonds, tripled. Total
foreign investments which had
been valued at just under ST
billion in 1919 leaped to SIT
billion in 1929.
The depression of the 3Os
stopped this trend, how
ever. American corporations
had to abandon direct invest
ments abroad. And things got
so tough abroad that there
was a wave of defaults on for
eign bonds held by people in
this country. That gave the
American public a shock it has
never forgotten. Portfolio in
vestments have yet to stage a
comeback. BY 1889 the United
States position as a creditor
Evening star., 1953-09-20

day are provided in three prin-
cipal ways: BY direct invest
ment. by loans through the
United States Export Import
Bank, and by a subscription to
the capital of the World Bank.
Total direct investment by
corporations has grown from
about So billion in 1945 to
around $14 billion today.
Since 1947 it has been expand
ing at the rate of about ST bill
lion a year. Portfolio invest
ment, on the other hand, has
remained almost stationary,
around SIS billion or Sc bill
lion. Government loans of
around $14 billion roughly
equal the private direct in
vestments. The grand total of
United States foreign invest
mentS, Government and pri-
vate, and including some
Short-term items, now stands
at something over $36 billion.
The Obstacles
AS every international eco
nomic conference emphasizes,
that level of investment could
stand a big expansion. Poten-
tial investors in this country
complain, however. that the
climate is bad" They mean
that they cannot carry on a
business venture in a foreign
country without being ham,
pered by discriminatory or un-
duly burdenSome laws or regu-
lationS, without being SUBJ
jected to unfair taxation, and
without fear of uncompen-
sated appropriation of their
properties. They also lack rea-
Sonable assurances that they
can get a fair profit out of the
country. Dollar shortages and
unstable currencies have add
ed to the danger signals which
have alarmed potential Amer
ican investors. The tensions
of the cold war also have kept
United States capital closer to
home than might have been
the case in less trying times
abroad.
Some recent sad experiences
with appropriation in nation
alistic countries have done
much to scare off American
corporations which might have
provided some dollars to sink
into foreign operations. Mexi-
co.'s naturalization of Ameri-
can oil interests in 1888 was
one such instance. Persia's
repeat performance with An
glo-Iranian OH Co. in 1851
is the most celebrated recent
example. A newer case has
Evening star., 1953-09-20
Exporting Money
By EorI H. Voss

Almost every program to
improve the free. worlds eco
nomic health has rated ex-
pansion of American private
investment abroad as one of
the measures most necessary.
The World Bank and the In
ternational Monetary Fund,
which met here week before
last, stressed this point.
Last Tuesday Treasury Sec
retary George M. Humphrey
and Commerce Secretary Sin
clair Weeks served notice that
the administration would make
promotion of foreign invest
ment a cardinal point of this
country's international eco
nomic policy.
Why is foreign investment
by private American capital
considered so important? How
has United States capital at
tanned its position? What is
keeping American investment
capital from flowing more
freely? How can the flow be
increased? These are some of
the questions which the new
Republican administration is
studying. The Senate Banking
and currency Committee
launched a study of foreign
investment last week.
The United States, of course,
is the worlds No. l creditor
nation. Private investment is
important because American
Government loans are not Suf-
ficient or Gas the new admin
istration is anxious to point
out) intended to fill the worlds
capital needs single-handed.
Investment abroad is neceS-
sary, of course. to the con-
tinued prosperity of the Unit
ed States, as we'll as of the rest
of the world. Foreign coun-
tries need capital to develop
their raw materials before they
can sell them to industrial
nations like the United States.
This country's increasing de-
pendence on foreign materials
makes it more important that
additional sources be de-
veloped.
With American prosperity
becoming increasingly depend
ent on foreign markets, eco
nomic development abroad is
also a prerequisite for expand
ing United States markets.
Other nations must be helped
to sell so that they will have
money to buy from us. The
dollar shortage also could be
eased by a greater flow of
private capital abroad. There
is even a longer range hope
that such investment also
might reduce the need for for
eign aid.
The History
The United States itself got
its start toward Industrial
greatness with the aid of for
eign capital, European money
played an important part in
building the railroads, develop
ing natural resources and ex-
panding industries. When the
frontier was pushed all the
way to the Pacific, capital that
had been developed in this
country started looking abroad.
The ratio of foreign-owned in
vestments in the United States
to erican investments
abroad dropped from 5 to l
in 1897 to 2 to l in 1914. But
1t was not until after World
War I that large amounts of
American investment capital
were sent abroad.
The prosperity of the 1920s
was reflected in the near dou-
bling of direct investments by
corporations in foreign proper
ties. Direct investments may
be defined as those through
which American firms exercise
a controlling interest. At the
The globe-independent. (Hagerstown, Md.) 1943-19??, 1953-08-27
Formers Approve Marketing
Quotas ForI054 WheQt Crop

Farmers have voted to make mar
keting quotas effective on 1954-crop
wheat, the u. S. Department of Agri-
culture reported today. Preliminary
returns from the national referen-
dun of wheat growers held Friday,
August IA, show 87.2 percent of the
farmers voting in favor of marketing
quotas on next years crop and 1913
percent opposed.
These preliminary, unofficial re-
turns show total of 414,644 woes
counted. OF these, 361, 1892 votes
were recorded as favoring marketing
quotas and 53,252 votes were record
ed as against quotas. Although these
returns are preliminary and do not
include the vote i'm a few scattered
counties, the final official tabulation
is not expected to show any signifi-
cant change from the percentages for
and against reported today.
Since the marketing quotas for
The globe-independent. (Hagerstown, Md.) 1943-19??, 1953-08-27
SERVICE AT FIRST CHURCH
OF CHRIST, SCIENTIST
235 N. Potomac 81

The mission and triumph of the
Christ will be shown in deep sig
nificance at the HOO o'clock serv-
ice on Sunday morning, when the
Lesson Sermon will be CHRIST
JESUS"
The Golden Text will be eve
have seen and do testify that the
Father sent the Son to be the Saw
Jour of the world" from | John
Bible passages will include this
verse from Revelation S. "And one
of the elders saith unto me, Weep
not: behold, the Lion of the tribe
of Juda, the Root of David, hath
prevailed to open the book, and to
loose the seven seals thereof"
1.-THE impersonation of the spirit
ual idea had brief history in the
earthly life of our Master; but ''of
his kingdom there shall be no end,
for Christ, Gods idea, will event
ually rule all nations and peoples
imperatively, absolutely, finally
with divine Science" is citation
from Science and Health with Key
to the Scriptures, by Mary Baker
Eddy.
The globe-independent. (Hagerstown, Md.) 1943-19??, 1953-08-27

Its a beautiful day in Chi
cage"
Although his famous greeting
isn't as old as the program, farm
commentator Everett Mitchell
celebrates the 25th anniversary
broadcast of the National Farm
and Home Hour on the coast-to-
coast NBC radio network Satur-
day, September IL.
Secretary of Agriculture Ezra
Taft Benson joins Mitchell in OBJ
Jerving the anniversary of Amer
fca'se oldest network farm radio
program, which is celebrating Is
years of service to agriculture.
Broadcast continuously since
1928 and produced in cooperation
with the U. S. Department of
Agriculture, the National Farm
and Home Hour reaches the larg-
est farm audience in broadcasting
history. 1t has aired on-the-spot
coverage of hundreds of major
agricultural events at home and
abroad and provided entertain
ment and information to rural and
city audiences alike.
Many of today's big names in
radio, including Fibber MCGEE
and Molly and Fran Allison, ap-
peared on the program in the
early days of Chicago radio. Nit
chell, pioneer in the field of farm
radio and known to millions of
farmers through his many cross
country >tours and speaking e1-
gagements, has been me. of
program aince 1880.