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VERY L£AiT
YOumaI
CAN DO TO
HELP DEFEND
AMERICA.'
\nsur I
AMERICA//
OUR Klt>S
ouTP^ry
FINE FISH STORY
Syracuse. N. Y.—When a mo
torist, arrested for speeding, was
taken into court, he told the
judge that his wife had became
ill after eating fish and he was
hurrying to take her home. The
judge commented, “Some fish
story." So, William Fish, of ,104
Fish Ave., got hooked for a $10
fine.
FALLS, LANDS ON HEAD.
Louisville; Ky. — Wesley Hull,
38-year-old Nejrro construction
worker, fell five floors down as
abandoned elevator shaft, landed
on his head and then walked
away, apparently unhurt. Debris
at the bottom of the shaft cush
ioned the fall.
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“MYERS FOR TIRES”
432 South Tryon Street at First Street ' Phone 4-4736
news report from
WASHINGTON
(Continued From Page 1)
*ir supply and other functions.
The youngest military service also
cites testimonials by the Army’s
own ground commanders, to show
how effective the Air Force has
been, tactically, in Korea. And
the Air Force says fighting over
a long front is far different from
support of a single amphibious
operation.
Yet' the issue came to a boil in
recent North Carolina maneuvers.
The Navy and Marines had been
invited to join in the games. They
took it that they would be al
lowed to run their air show the
way they wanted to. The Air
Force took the view that the ma
neuver was ovcf a iodi
irCfti front, one over which there
had to be a central command to
direct operations. Rather than
take orders from this central
operations for air, the Navy and
the Marines withdrew from the
games. Of course, that was salt
in the wounds of the Air Force.
The Air Force believes the les
son of dispersal of tactical air
power was learned in North Af
rica. Top officers feel they are
beset by Navy insistence that it
handle more and more strategic
air functioning, while the Army
insists it handle the tactical air
job. If the trend goes far
enough, the Air Force could be
abandoned, they say. They see
the right solution as one wherein
the Air Force works out more
efficient tactical support methods
SIX—The Charalote Journal .
(which they think they have now)
and wherein the Navy is not al
lowed to usurp the strategic bomb
ing function. Air Force men say
with much pride and truth that
our air support is the best the
world has ever seen, was in World
War II. They are nervous today
less instead of improving the tac
tical system the two older services
take over much of the service.
The United States, officially—
that is the top command in Wash
ington—i® disgusted with Prim«
Minister Nehru of India. Thej
think the Prime Minister is i
"rascal,” in one official’s words
and see in his boycott of the Jap
anese peace treaty signing in Sar
Francisco an open play for sup
port from Russia and the Rec
stooge countries. They think th«
Indian is blind, thinks he can d(
business with Communism.
Nehru, they believe, is jusi
about fifteen years behind th<
time, not remembering how Cham
berlain and others tried vainly t<
do business with Hitler up to th<
last moment. Today, Nehru ii
trying the same old discredite<
system. And, is so doing, he ii
giving the Russians great propa
ganda opportunities, for the Red!
can wail loud and long in Asii
that the Indians oppose the U. S
—sponsored Japanese treaty as
imperialistic and oppressive. Th<
effect is felt in U. S. consulate
and embassies everywhere am
especially in the Far East, where
western relations are already at a
low ebb,
~i, ~
Time is on the side of the Unit
ed States in the international
turmoil of today, Washington
sources believe, and many mili
tary men are now saying that
unless a war between this coun
try and Russia breaks out soon,
there may not be any war for
years. They base this prediction
on the fact that the United States
—pitifully unprepared when the
j Korean intervention was ordered
in 1960—has now had over a
year to rearm. While progress
has been disappointing in many
cases, much progress has, never
theless, been made. 'v
In another year, the United
States will be strong enough to
give an aggressor fits from the
first, even though possibly not
strong enough to lick Russia at
once. And in Europe the general
belief is that if General Eisen
hower has another year—until
next summer—to mold his Euro
pean defense army into shape, he
will have a force that idftght be
able to hold a line in the event of
Soviet attack.
The one thing which may be
working against us is our super
iority in atom bombs. While the
percentage lead we maintain
might decrease, our numerical lead'
should not decrease greatly in
the next year, AEC officials say.
This lead in atom bombs must be
given credit for the prevention of
World War III during the last
three years. Had it not been for
the U. S. stockpile, and the heavy
bombers to deliver them on Rus
sian cities, the world might today
be at war again.
The big question in everyone’s
mind is whether the Russians are
I outbuilding us in the atomic wea
pons field. No one actually
knows, of course, but that is con
ceded to be the “big race.” The
U. S., some officials hint, is close
to the use of atomic weapons in
ground fighting, and this may
have spurred the Reds on in their
recent peace efforts in Korea.
The trend of thought in Wash
ington is that if we do not quick
ly become embroiled in a war, we
might escape one for a number of
years, despite warnings by many
that when we get ready, and Rus
sia is ready, something will touch
off a third world conflagration.
President Truman is due for a
tough battle in Congress in his ef
fort to get new anti-inflation con
trols legislation. Though the
President is sincere in his ef
forts to nullify the so-called
Capehart amendment, allowing
some price rises, and to have
beef slaughter quotas re-author
ized, he is up against a Senate
which is inclined to give the pres
ent law a chance to work before
changing it. But if prices go up
sharply, the President will win
a psychological victory, which
could be important at the polls
in 1952.
>/ -
Are some of your Series E Government Bonds maturing this month?
Now they can earn more money tor you!
NEW LAW PROVIDES TEN MORE INTEREST-EARNING YEARS EOR
YOUR SERIES E BONDS . . . AND YOU NEED NOT DO A THINOI
Are you one of thoee smart and patriotic Americans who began an
automatic saving program with Series E Government Bonds in 1941?
Then you’re one of the lucky people who can profit by a new law now!
A bill recently passed by Congress now makes it possible for your United
States Defense Bonds to continue earning interest ten years longer than
was originally planned.
For example, a Series E Bond which cost you $18.75 in
1941 will pay you $25 in 1951. But if you hold that bond ten
extra years, until 1961, it wiH pay you $33.33, an average
interest of 2.9% compounded annually. You get similar
increases on Series E Bonds of every denomination.
And there is nothing for you, as a bond holder, to do.
You need not exchange the bonds you have. You need
not sign any paper, fill out any form. You simply keep
your bonds as you have been keeping them.
You m-y still redeem any Series E Bond at any time
after you’ve owned it for sixty days. (The tables on this
page show what you can get for it.) But unless you
really need the cash you’re much better off to hold
yftur bonds. For U. S. Defense Bonds are as safe as
America itself.
When you buy your bonus regularly and hold them, they
•re steadily building a Hum big enough to buy something
really worth while—a home, a business, a retirement fund,
an education for your children.
And bonds are safer than cash! If you lose or accidentally destroy cash
it’s gone for good. But when you have your cash in Defense Bonds, the
U. S. Treasury will replace lost or destroyed bonds at no cost to you.
So if some of your bonds are coming due, take advan- „
tage of this new offer of your government—just sit back
ami let them go on making money. Meanwhile keep
adding to your savings by buying more United States
Defense Bonds regularly—through the Payroll Savings
Plan where you work or the Bond-A-Month Plan where
you bank. System is the secret of saving.
II jmi want to be pmid jour
infereat a* current income—
The new law also allows
you to exchange your
Series E Bonds,in blocks
of $500 or more, for
Special Series G Bonds
which pay interest semi
annually at the rate of
2H % per year. For full
details, ask at any Fed
eral Reserve Bank or
Branch.
m Now look how your maturing bond* go on owning undor tho now lawl
O'>«'*nol HiwVy hr foul
In** pri€0......
*23.00
1*7*
iso oo
37.50
1100.00
75.00
1200.00
150.00
1500.00
375.00
*1,000.00
750.00
•r fix
11 mo......
12 )rnn..
15 m".
14 ywr«.
15 y»ar».. ....
>« y«"».
17 fMI.
10 iftari......
10 yar%.
20 y«an.
Ea«Mt4«d msiufilr MrfwaUO
y*er> from iu
125.31
25.94
24.36
27.19
27.11
28.44
79.0*
30.00
31.33
v 32.47
33.33
*50.62
51.17
53.12
34.37
55.62
56.87
58.12
60.00
62.67
65.33
6447
*101.25
103.75
106.25
10875
111.25
11375
114.25
120.00
125.33
130.67
133.33
*202.50
207.50
212.50
217.50
222.50
227.50
232.50
240.00
250.67
261.33
264.47
*504.25
51875
531.25
54373
554.23
54873
38125
400.00
67647
65343
66447
*1.012.30
1.037.30
1.062.50
1.0*7.50
1.112.50
1.137.50
1.14240
1.200.00
1.253.33
1.306.67
1,333.3*
Buy U. S. Defense Bonds today—
Now they earn interest 10 years longer!
The U. S. Government doet not pay for Hue advertising. The Treasury Department thankt,)
for their patriotic donation, the Advertieing Council and