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' '

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