iferutersmt Bally Btsyatrlj
THIRTY-THIRD YEAR !'thk;^V>tv,Nt;i1s8|f HENDERSON, N. C., TUESDAY AFTERNOON, JULY 2, 1946 ,,u,,,JS'^?M^KriN,,,,N" FIVE CENTS COPY
Tax Boost
Is Forecast
By Snyder
Treasury May Use
Hike In Rates As
Brake In Inflation
Washington. July 2.? t/Pt?Sot-ro
tary of Treasury Snyder said to
day there may l-e an inercnsc in
tax rates noxt voar if prices "got too
far out of hand."
Assorting that "taxes probably will i
follow prices." JVyder told a re
porter that a rate hike may he used
as a brake on inflation.
"But. he said flatly, that no new
tax bill will bo proposed by the
treasury for 1 f) 1(1.
Th ognvernmonl's financial position
for the fiscal year ending Inst Snn
$788.00(1.000 less than President Tru
day showed a deficit hut it was j
man estimated it would bo who- the
budget was revised las lAnnl
However, Improvement was duo
to slow progress ef the international
finan- e program. Snvder said and a
"'saving' actually will l-e merely a
spill over into the fiscal year which I
as just started.
Because of th" slow development
of the world lianl; and fund, and the !
failure r.f Co gross to pass a British
loan proposal iluis far. the govern- ,
ment put $1,061,000,000 less into in
ternational finance than Mr. Tru- I
man estimated in April.
The administrate n exports that
this stun will be placed into the for- !
eign lo.-r. program in the fiscal year
of 1917.
State's Revenue
Collections Hit
A Record Hi^h
Raleigh. July 2.?</P)?The North
Carolinii Departnm t of Revenue col
lected a record breaking total of
$137,937,008 during the fiscal year
ended June 30. Revenue Commission
er Edwin Oil! reported today.
The rot lectt ions were 18.02 per i
?cent more than th e$116,871.644 ro|-j
lected in the previous fiscal year,
during which collection:; also broke
all records.
National Bank
Call Is Issued
Washington. July 2 -./Pi?Federal
banking authorities called upon j
banks today to report their n ndi
tion as of Iho close of business last |
Saturday, the end of the fiscal year
The Federal Reserve System is J
sued tlio call to its members, the '
comptroller to national banks and ;
District of Columbia hanks, and the
Federal Deposit Insurance Corp.. to
FDIC ? tns<>vc.l state banks wbi- li
are not members of the Federal Re- 1
serve System.
WEATHER
FOR NORTH CAROMNA
Parity cloudv and continued
warm with scattered showers
thunderstorms tonight and Wed
nesday.
Bowles Bows Out
RETIRING Economic Stabilizer
Chester Howies packs his personal
Papers in a brief case after handing
in his resignation, effective July 12
Bowles declared that President
rruman's veto of the OPA bill was
right thing to do. (international)
Parley Date
Nearly Set
By Ministers
Paris, .Inly 2. i .-1 h With tin ar- J
curd on tin- knotty problem <>! i
Trieste apparently within t h c i r j
grasp. the hit: to,ir foreign ministers ,
council iwrni'd 011 tin- vt'i'si1 !?day '
of setting the date tor ;i 21 tuition j
Fiirupcan general ihmit run fen i ? a \
Tlie council yesterday in w hat
western power sources described ;is I
a "very groat advance." adopted I
French Foreign Minister Cicnrges Hi- I
rl..ult's compromi-e proposal for
Yugoslavia's- western frontier, hilt
hoth Seereliiry of State James
Hyrnes and Itritish Foreign Se.-ro
tary Krnest Bevtn said they were
more time to consider a compassion
proieet for internationalizing Trieste.
They said they would give their an
swers today.
Russian Foreign Minister V. M.
Molotov, in one of the most dra
mali'' moments of this ennfero re.
accepted hoth of tho proposals yes- I
terday. lints agreeing to eduldish a
new Itilinn-Yugoslav boundary along
a line running generally from Tar- j
vision t-> Onrizvia. and down to the
coast just south of Papodistlia.
Selected Stocks
Manage To Gain
New York. Juy 2 < AI'>?Selected i
storks managed a sweeping advance :
today while many market leaders
rested behind minus -igns.
Modest support was attracted by
Goodyear. Sears Roebuck. Montgom
ery Ward. General Flectric, Dupnnt,
Great Northern and Pennsylvani.
Cherry
Price Bill
Prospects
Brighter
Washington. July ? 'AIM?Vit >1
support for iwii'iliii" OPA along,
altered lines President Truman
would accept developed in the Sen
ate* Ranking Committer today even
as chances -virtually disappeared for
any stop gap vonlrols.
Senator Radcliffe (D) of Mary
land, who snnnorted the Taft profit
amendment Mr. Truman criticized
so severlv in vetoing the price con
trol extension hill, told a reporter
he is inclined to bark a compro
mise.
With the committee split almost
evenly between those who want OP\
revived in a form agreeable to Mr.
Truman and those who want con
trols relixed as provided in the
vi toed bill, the vote of the Maryland
Senator may be deciding w It oil the
issue is fought out again within the
potent banking group.
And thai is where the next fight
is being due.
House Passes Rill
The House after heirs of heated
debate yesterday swept through an
emergency bill that would have
rlamped i ark pri'e and rent con
trols until July 20. The vote was
283 to 61.
nut with the Senate leadership
intent on avoiding two scraps with
in a month, the House action on i
temporary extender appeared to have I
born for naught.
There was these other develop
ments as the nation went into it
second day of a completely free eco
nomy:
Price Index /.mints
t. The I.nbor Pcoartm'-i' |vii-e
index for basic commodities. ser*t
tilings as livestock, strain, textile-:
?t"l metals, junmcrl 7 7 points yes
terday compared with a .me of
of one point |->-1 wee!:, farm pro
di- 1s accounted for most ..f the
surge.
2 OPA Ch ief Paul Porter, broad
"est in" to agenev emutoves across
the nation, asserted that ri .ins stork -
and commodity price: are 'an otnin
i o.s * i:?n that speculators arc already
nlaeing hets on inflation." Pad he
insisted that price control.- would
win out.
3 Respite the soaring pliers at
ntimary markets, retailers for th"
?:?>! ji rt I'rii 'a 11''.\ cejijuy; Meat .
was a potable e\rc|>tion when it
ond lie found.
Rents I'p fircatlv
t The sharpest jump of all was in
rents. villi advances rumen:* up |o
en** Ihirri more in manv places .ipd
out of right in a few. this prompted
Chester Howies, retiring slaltili/a
tion chief. to urge governor; to in
vnkc their emergepry powers |o
're"?s rental-.
liepliiblican effort in the H< ns
to lint through a separate relit con
trol hill hit a temporary seag when
.Chairman Sorn-'e f I > > of Kentucky
of the Ranking Cm-milt.-C in i ted
that the price and rent control issue
be handled a; one li-gi lathe paid-.
age.
A similiar mea-iire in the Senate
was- routed the Senate Hankinc
Coniin jtlee for inc. tuihiirried
treatment.
Chiang, Red!
Leader Talk
China Truce!
|
\:ini; i July I/Pi fioneralis-1
simo Chiang Kai-shek and Ihc ehief j
("??m in i in i -?* negotiator. Grtifrnl C'hou I
Kn-lai. held a half hour pel ' ial j
conference today hot made no m o"- ?
rcss toward settlement of China's
civil conflict.
A spokesman reported the discus
sions had covered ?' ? umher *<f points
but resulted in nr. agreement.
General Choti left the fcn'-rali.s
sinio's homo wilhoit ;.?hodulinj; a;
future meeting.
U. S. General George Marshall
teporlcdl.v arranged t!ie 'inlerenee
shortly after the government an
notrecd it would maintain 'he cur
rent truce with the '-immunisls in
definitely t'? perm.!! inrlher peace
talks.
Coroner's .Jur\
Returns Verdict
5n Chicago Fire
Chicago. Ji,!y 2. t/1'i A coroner's!
jury returned a verdict < f i cciden- |
Ial death torlay in it- investigation
of fll fatalities in the I-iSalle ll< lei |
fire ri? .fore 5. oul reeonnnenfled
improvemont of lire safety reguln
tioos in Chicago.
Spccifi.' prints raised by the jury
of experts in hotel engineering and
related fields included suggestions
that the dfy council bring the eity I
code into agreement w'lh 'he high- ?
est naileral fire standards for pi ecs
of public assembly.
t
USE TOWERS IN A-BOMB TEST
THII HIGH STEEL TOWER, one of ninny erected on Bikini Atoll in the
Pacific, under the direction of a joint Army-Navy task force, will hold
news cameras to be used in photographing closeups of the atomic bomb
?xplosion. The cameras, filming the test from start to finish, will oper
_ato automatically. OTTcinl U S, Navy photo. (tntvrrnUopnl SmndphntoX
Ponders Rent Hike Problem
Operation Crossroads: Symbol For Future
B ? BfcM ??
Mi-re is tIn- first photograph of the gi.uit i adioaclivcloud which rose to an estimated .*>0.000 foot fol
lowing the dropping of an* atomic bomb on a gum .1 pig fleet of 73 ships at Bikini Lagoon. This photo
was intuit* from a distance of about it miles Below, marines 011 Kwajclcin stand guard at a hut con
taining the heart of the bomb prior to the expen pent. *>
Bikini Lagoon Still 'Reacting'
Firo Fightefs Work
On Blaster! Vessels;
Forrestal Surprised
7~ . i
Aboard In ? l'. S S Appalachian.
?July 2 t.Vt Kirr fii;lit'?itr crows
worked on into the 'oc.r.J fifty in
fti'ttit (?!;?>t?'I Ilikini lagoon totlny.
whore five ?> (ho 711 vcvtl.- ??f the
target IN i i aire. ly Imve been sunk.
Thut the ennui tost, tentatively
scheduled with it three or f"iir weeks.!
may take n far greater it'll was In* I
ftieatcfl in an interview wliieti Navy ;
Sf'.relary .lamer V Forrestfil sen;
funt 'It ollnir.-nip Mt. MeKinlev. He
expressed v prise at the '"relatively
unimportant" damage inflicted upon
the heavier hips by Monday's on
drop, but noted that such ships are
'"diffirntt tn hik unless they sus
tain utiderw '? r damage"
The seen '! atomic blast is to be
set off underwater, with the sea
transmitting a terrific blow to the
hulls of ihc test fleet.
I.aeonu Still Rear-tins.
The lagoon at mid-afternoon today j
still was "reacting" from the blast I
and lethal radiation of yesterday ?
morning's aerial burst. Itrig. Knw
jalcin. lie termed tin- operation ?
complete and i ??qtialil ;cd siteeess." ?
Koi restal warneri against prema
ture ri nelusir lis. '?iit vor erl one gen
? i ;? 111 y a-, the result of his own ob- j
sr. ration: "'there still will lie liii
v'es mi tlio future."
Whether crow-....could have
lived through the blast remained an
unanswered cpiesfiit*. lint scientists
espeet to learn nuieh by ohsoi?inu
thr- effects of the bomb radin-nrtlve |
rays upon surviving lest animals,
tethered at battle stations aboard the
target fleet.
.lap Ship First Sunk .
Fifth lest ship to sink was the brok
en .1 a pa nose cruiser - Sakawn ? a
ow.iern warship, welded instead ol
riveted and consequently much
Grotesque Shadow
On Nevada Shows
Bomb Blast Point
stronger
First listed as '"misinc." the de
stroyer Anderson later was revealed
definitely stink. as were the ;itt:r;1;
transports Ciilli.im and Carlisle and
the destroyer Ijiim.sun lladl.v dam
aged were the earner Indepertnence.
hattlcship Arkansas, .lapmcsc battle
ship Nagatn. heavy rrttiser Pcnsn
cola. Seine 25 others were damaged
in varying degrees, and few ? if
any ?escaped unscathed.
Aboard The f S S MeKtnloy.
a! Itikini. .tuly 2.--l/l'i -On one side
the U. S S Navada's forward 14-inch
gun turret*. a grotesque hand and
figure ethed in the battleship's red
\ paint, points to the exact plnre in
ithe sky where the atomic bomb ex
I ploded.
It was etched by the heat of the
0
Governor
Waiting For
U. S. Action
Raleigh. July 1? (AIM There
were indications hen- today tli;it un
less Congress aets quickly In revive
OPA price enutrnls. Governor
Cherry may i.-siu a proclamation re
storing ceilings in rents.
The governor conferred with as
sistant Attorney General II. .1. Rhodes
today and was informed that under
his war emergency powers, he has
the authority to issue a pro: lama
tit. n placing rent; under controls.
Pending action l:y Congress, the
governor issued a statement calling
on the people of the state "to do
the right thing.'
"Indications arc that Senate action
will be taken momentarily in
Washington to retain certain re
strictive elements of what has lieen
the OPA program." the governor's
statement said
Citizens Intelligent
"Pending that nossihle and mom
entarily expected action. 1 would
like to call on the people of North
Carolina to do the right thing. Cit
izens of North Carolina are gener
ally intelligent, fair and patriotic.
We are not given in this stale to
taking advantage of others. Pend
ing possible reena1 tmcnt of some
measures of control apnlicablc to nil
the states of the Unit/I Stales. I
make this informal nlea to our peo
ple to he fair and just and true to
the best traditions of cur state."
Meanwhile the governor had re
ceived calls from two Raleigh wo
men. one of whom said that her
tent had hern increased by 50 pet
cent and the other told the governor
that the rent on her five room house
had been upped from Slo to SI00 a
month.
A man wired the governor front
Winston Salem saying his rent had
been increased by 515 per rent and
that "we need rent ntrol badly."
W arehousemen
Gain Control
Of Leaf Group
Tlalcigh. ?Inly '?!. n|i| time to
linrco men have e-omtnenle'd upon
the extent t" which warehousemen
now control the Toba co Associa
tion of the Itnitel Slate's. It was
finite evident .it the meeting here
hist week that wnrchoiisetni n had
controlling vi ire V fixing auction
market dates in the several belts.
Formerly the professor? and manu
facturers exercised almost complete
dominance on that point.
Two reasons are given as chiefly
responsible for this change; or per
haps it should be said two angles
of the fame reason.
STATU K.\\l? < U.I..
Kaivigh. July J. i/1'i State It-rk
nrg Commissioner Gurney P Hood
today issued a call to all North Car
olina state banks and industrial ban
agencies for .1 report of the imancial
condition at the close of business
June 2f>.
Violence In Hollywood
Hollywood. July 2 (API?Mass
violoir. e flared today at two major
stuoins and .pickets clashed with
police escorting lion- inking work
er? through studio gates. First rc
nortsc said several persons were
knocked down ? rkasltes at the
Warner IV studio m Hutli ml; and
at tile' M.GM studio :n (' ilve*r City.
New York Cotton
New York. .Inly 2? tAD - rotten
i futures opened rents to $1.0(1 a
| bale lower.
Xoi n prices were 00 rents to 51.30
a bale lower.
Julv 31.23 October 3132 and I)cc
ernber 31.38.
bomb. The heal seared the ship
black bm i n no side "I Ihe turret,
where a shadow fell a! an anisic.
, the red paint ret lined its eolor. And
| a red figure was lelt pointing aloft
I past the Nevada's stern
i Tliis and other signs sen today
by 'correspondents indicated almost
| exactly when* the bomb exploded??
' astcm and a little to port of the Ne
vada. In that area were all five
I ol the ships that sank.
Blast Not Above Ship.
The significance is that anparent
i Iv (be bomb did not explode di
; reelly above ;inv liatlieshlp of the
I target fleet, although it may have
I exploded closer to one of the ships
! now at the bottom of the lagoon
j that it did to the Navndn.
I The test did not prove conclu
' sivety whether the atomie bomb can
sink a battleship from above. It
i did show that one inch sleet is so
much paper in the path of the atomic
; force.
It showed that m ist structures of
I tin- strongest basket build now in
j use ;Ttimblc as easily as if they
)v;ere twigs. It showed that the steel
? canopies break down like a t'ri can
struck with a sledge hammer.