ItV-Ai T3E'K3lQUTaANS frEIXlY, t'TKTOJlDi N. C, TODAY,
1517.
ft;
v
V
Special Session of Congress
Facta Hard Tasks w
When President Truman called
Congress back Into the special :sef
a.6n bovAilMemr Hitt. two
problems to receive the attention of
tite congress: (i) lunation, and,
(2) relief for. Western Europe.. ;
It is somewhat difficult to attempt
any prophecy about Congressional
action at the present time. There
have been many statements issued,
i y"o of them con.licting, and one
who reads can hardly be expected to
know what advice the majority of
Congress will follow.
It is generally admitted that the
rising cost of living deserves serious
consideration from the representatives
of the people. Congressional com
mittees, which investigated the cost
f living problem, intimate that vol
ods of distribution' adopted. r ,Y
The requirement that '- countries re
ceiving assistance shall deposit local
currency In' payment seem to be Very
important It means, for example,
that If France receive! a, billion dql
lars' worth of American goods the
French will put up an equivalent sun
in French mnnnv which will Ym avail-
siansl have declined to reach any able to purchase French ' goods for
agreement on terms oi a nnai seme: expanding we rehabilitation pro
ac'aipitie&r istruetion and automobiles. " ','j might be true fai 1948. ,'
- The experts warjOhat the demand Ve c4ll attention to the' conclusion ' People Impress Peace Hopes
,may decrease next year,' saying that of the experts' of tn United Nations 0,il7 Tikrouh Agents
there will, be a deficiency of ?'J,000 without being.aile to give, any def-v Th,ere ! ner1 ?&reem?n! th,at. '
000,000 per anm in fhj demand finite opinio., to the reliability of fnVli
cessans to". Maintain full employment, the prediction.! Last year, about tbitjoha should also take cognizance
ment
Assistance Extended Eucooe
T Hare Certain Safeguards
gram, in tnia way, tne original ex
penditure by the United States can
be multiplied a number off times it
The testimony of Secretary of State there are goods available for pur-
George C. Marshall before legislative
leaders Indicates that the assistance
which this country will extend to the
nations of Western Europe will have
certain safeguards.
chase in the recipient nations.
Survey Says Mild Recession
MayxDevelop Next Year
An economic survey 'of ' conditions
I in the United States, iriade by an
For example,' recipient Countries Impartial, International organization,
will be required to deposit local cur
rency in payment for American com'
modifies in a special fund." This will
be used for purposes to be agreed
upon and seems to set up something
la unit of the United Nations Econ
omic Stability section, says that a
mild recession may' develop next year
and become a serious. ; depression un-
1ms mir rinliVv in TtttrarA in fnreitrn
'of a revolving fund for financing fur- loans and domestic taxation is alter-
ther relief and reconstruction pro- ed.
jects. The experts call attention to the
In addition, Secretary Marshall full employment enjoyed by the Unit
pointed out that the countries receiy-' ed States after the war. Although
untary food rationing may be at-' mg assistance would have to agree 10,700,000 service men were demobil
ti.mDted but insist that ' it must hito use commodities to make the re- ized in two years, beidnnine July.
t a :ked up with a control law if the I "i""1 non seu-supporung, give i40, employment, increased about 1,-
Government loans may cause net Wtime, : then were m
i-
ports to continue at a nigh rate, but from leading .-business men In this qufth national, rights and -preroga-
tnvAnfnrfot' iMnMaml wall-atnolr-i annhd .lumt a Mii..nM that m!)i4 ' " - - "' ... ' : :.
edi y Industries v that may take up become a depression in 147. So 'far4.-Tlie peace of the world cannot r
some of the slack are housing con- it hasn't Jdhpwn; up, and the same -- (Continued o Page Seven)
voluntary program fails.
I "full and continuous publicity" re-! 600,000. This favorable condition
'0m
,-
A I IAMPI1EMT
mil
The committee, headed bv Senator yarding the purpose and source of was made possible because of a Kreat
Ralph E. Flanders, of Vermont, points -American aid and furnish full infrfr-1 pent-up demand for consumption and
out that the low-income consumer' is '"ationtothePresident on the meth-1 investment goBaV as a result of war
already being "involuntarily" ration
ed by prices. He thinks that it is
up to the higher-in:ome buyers to
ii,. - own their consumption of meat,
butter, eggs and poultry. If this is
not apparent, the committee recom
mends "limited rationing of food
stuffs only."
Economists point out that . the
amount of money in the country has
increased much faster than the avail
able goods for sale. Consequently,
there is a tendency on the part of
buyers to bid up the prices. This is
so in the case of foodstuffs, as well
as other products. The world short
age of food creates demands on the
United States which intensifies the
lack of abundant foods in this coun
try. Obviously, unless there is some
effective regulation, the price of foods
will continue to move upward.
If there is to be any rationing of
food products, there must be consid
eration of the position of the nation's
food producers. They should be en
couraged to produce as abundantly
as possible and, it seems to us, should
he assured a specified price for all
they can get out of the earth. This
may mean, in the course of a few
years, a surplus of food, but the al
ternative is a surplus of starvation.
Goods Shipped To Russia
Hought Right' After V-J Day
A number of Americans have been
puzzled by reports that tend-Lease
goods are being shipped to Russia
despite the antagonistic and vituper
ative attitude of the leaders of that
country.
The explanation is that Russia ac
quired title to some $250,000,000
worth of Lend-Lease goods after
V-J Day. The terms granted require
repayment in thirty years, with in
terest, and it is reported that the
Russians have already begun pay
i.ig interest on the goods which they
control and which are now going
abroad.
The Lend-Lease goods in the "pipe
line" for Russia, when Congress or
dered such shipments ended last year,
are being prepared for sale as sur
plus property in this country. En
tirely different from these elassifica
t'ons is the $11,298,000,000 worth o
Lend-Lease goods shipped to .Rus
sia during the war. So far, the Rus-
iiriirri
vvnccL ALiuimti
'to factory specifications
SAVES Y0UI TIRES AND MAKES YOUR at
SAFE! TO DRIVE
WIHSLOV WHARD MOTOR CO.
YOUR FORD DEALER HERTFORD, C.
Electrical Gifts
t
The best gift g
0 and the. whole family, too ... is a v ' i
brand-new electrical work saver. See t
P our wide selection now. All famous- 'SlsJ!'
J name makes ... all newest models. pv I
TOASTERS - ROASTERS V HOT, PLATES P
i COFFEE MAKERS , .WAFFLE IRONS CLOCKS " I
IRONS HEATERS' ' TBOTTLE WARMERS ;. fl
I CHRISTMAS TREES LIGHTING SETS TREE STANDS
mmm :
of - LADIES'
i Eii a G s
At. SIMON'S
.1
2aD0ZEN nYLOirnosfi;o6
TrT loo .itr timv oirinoa ; .
IRREGULARS ALL NEW SHADES
BokedlfYciuWish
Per Pair
r TWO RACKS OF
1
DRESSES
Values to $12.75
$9:75
TWO RACKS OP
LADIES' SUITS
S5.95
1.'.. " KB '
J These .Are Ueai'Vahes, :
it -''fit?,?
ONE GROUP OP
COATS O . SUITS
$24.75 and $220 Values ,
S12C95
it
AIX LADIES'
- TALJj AINU WlJYJLliilC
7
f
J. '1
HATS
Dij Jy !4 Fri
limn
I:
." C
c
L
ilrttfirfl Wrfs'm V. Vr "-t i't 1 w
HEBTFOED, N C.
' m
arolit
1 t
.k'xY ..y ; ,;iiEnTrc?j), w. c.' f 1
i K:U'.-i .;:".': .'Vt,J'l' '