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Show ur - Credit Curb Recommendations Sidetracked, Reveals Eccles , WASHINGTON, July 30. (U.R Marriner S. Eccles said Thursday " the treasury last November side tracked several reserve board recommendations for curbing credit. 'Eccles, former federal reserve board chairman, was demoted by President Truman after he disagreed dis-agreed with Secretary of Treasury Treas-ury John w. Snyder over the credit-curbing recommendations. . The federal reserve board recommendations were eliminated eliminat-ed from Mr. Truman's economic message to 'congress last fall, Eccles told the senate banking committee, after the White' House had asked for them. Eccles testified as the committee commit-tee began consideration of what to do about high prices. The federal reserve board wanted authority to require member banks to keep special reserves as a check against expanding ex-panding bank credit. It also favored stlffer curbs on install mentTauying. ' Some installment buying re strictions were in effect until last November, when congress wiped them out. Eccles said, however, that the "responsibility for not getting the credit - controls must be shared by more than one person or groups." He said congress failed to act Mt. Pleasant Man Gets Write-Up In Farm Newspaper MT. PLEASANT. Ralph Gunderson, Gun-derson, son of Mr. and Mrs,. Vern H. Gunderson of Mt. Pleasant, a former Mt.l Pleasant man, employed em-ployed at the present time as a sanitation engineer for Tulare county, Cal., was the subject of a recent article in the Farm Tribune, a California publication. Topic of the article, which Included In-cluded a picture of Mr. Gunder-son, Gunder-son, was his experimental castor bean crop. Mr. Gunderson is a graduate of the Utah State Agricultural Agri-cultural college and, since his release re-lease from the army in 1945, has made his home in Porterville, California. A record crop of castor beans on a one-acre plot, in the Van-dalia Van-dalia district, is expected to go more than 3400 pounds to the acre and the Baker Castor Bean Oil company of San Diego offers a 7V4 cents per pound contract for all beans raised on the plot. Introduction of castor beans as a farm crop is being attempted in an effort to increase the commercial com-mercial production of castor oil and the selection of a Utah man to further the project is gratifying gratify-ing to friends at home. Complete Fortune Goes to Community GALLIPOLIS, O. U.R Dr. and Mrs. Charles E. Holzer have given away most of their personal per-sonal fortune. The gift approximated $750,000 and is the modern 75-bed Holzer hospital, developed by Dr. Hol-rer Hol-rer during the past 38 years. Benefitting under the gift are the people of a five-county area around this community. For The Best In Furniture And Rug- Cleaning REPAIRS AND MOTH PROOFING PHONE 056-R1 ROMNEY RUG & FURNITURE CLEANERS ' Free Pickup A Delivery on the federal reserve program. Last November, Eccles said, the federal reserve board was asked to write a section on credit controls con-trols for the president's message to the special session of congress. The request came from Clark Clifford, Mr. Truman's speech-writing speech-writing aide, Eccles said, end he "negotiated" the credit statement for the speech with Clifford. ' "To our great surprise," Eccles said, "when the message came forth, the statement was deleted." Later, he said, he held a conference con-ference with the president's economic eco-nomic advisers, including Snyder and presidential assistant John R. Steelman. "We fouftd out that the deletion of the statement was due to the treasury," Eccles said. He added that "they had no program" to substittue for it. Eccles Harpoons Truman. Srivder as Committee Yitness Continued from page one appear in the message. Later he learned Mr. Truman had been advised by Snyder to disregard the reserve board. Last January Eccles' term aa chairman expired. Mr. Truman refused to reappoint him but offered of-fered him the vice chairmanship. Thomas B. McCabe of Philadelphia Philadel-phia was named chairman. Mr. Truman permitted four months to pass without naming .Eccles to the vice chairmanship as he had promised, and Eccles finally told the president he would not take the post. He remained as a member mem-ber of the reserve board. There was no official explanation explana-tion why Eccles had been demoted de-moted after 14 years service as board chairman until yesterday when he told the subcommittep about the treasury-reserve conflict con-flict over credit policies. Although Mr. Truman rejected re-jected Eccles' proposals for curbs on bank credit last November, No-vember, he sent to congress In January the economic report re-port of the president" which said: 0 "More dangerous than the ex pansion of consumer credit is over-rapid expansion of commercial com-mercial loans by banks . . . the increase of bank credit was both a result and a further Source of inflationary pressure." This was along the lines of Eccles' argument which had been excluded from the president's message in November. Therefore when Eccles was called before a joint congressional committee last April 13 to discuss the president's economic report, he presented de tailed plans for curbing bank loans by federal reserve regulations regula-tions under proposed new legislation. Eccles endorsed the recom mendations of the economic report re-port and warned that the inflationary infla-tionary situation already was extremely ex-tremely dangerous and that credit must be curbed in any effective plan to control the situation. He specifically warned against "easy mortgage credit for housing." Three days later, Mr. Truman and Snyder both repudiated Eccles' Ec-cles' anti-inflation program. In almost simultaneous news conferences confer-ences here, the president said he did not support the Eccles' pro gram and Snyder said he had never heard of it. In his message to the current session, Mr. Truman asked con gress again, to restore control over installment-buying and this time proposed legislation to give the federal reserve board greater authority to regulate bank credit. Some Republicans believe Eccles' Ec-cles' statement of the record wilt be of considerable assistance during dur-ing the campaign in answering Mr. Truman's charge that the congress con-gress is responsible for high prices. Arabs Demand UN Stop This DAILY HERALD Friday, July 30, 1948 .If, nf "V 'V V ) P Some 600 Jews, first immigrants to get visas from the new state of Israel, start the long journey to the Holy Land from Munich, Germany, with friends and relatives waving farewell. Immigration is one of the chief bones of contention facing the UN as it attempts to work out a peace settlement settle-ment during the truce. The Arabs demand a complete cessation of immigration while the truce goes on, but Israelis are certain to resume fighting if immigration stops. (Photo by NEA-Acme staff correspondent Gerhard Seining.) Draft Deferment System Yet To Be Worked Out, Says Chief WASHINGTON, July 30 (U.R Selective service officials said to day it may be "some time yet" be lore a system of deferments can be worked out for the nation's new peacetime draft registrants. The law specifically exemp.s certain men from the draft. But selective service must decide the basis for deferments of other registrants such as married men and those with dependents. Youths 18-through-25 must reg ister for the draft but only those New Maytag Dutch Oven Gas Range Renovation Of Postof f ice Set SPANISH FORK. A thorough renovation job costing $5526 which is expected to be com pleted within four months, is underway at the Spanish Fork post office, according to Harold Creer, postmaster. In addition to the relaying of sidewalks in front of the building, build-ing, curbing and gutters, the job includes replacing fir floorings on the first floor with hardwood. The job is being done by Ben F. Charlesworth and Son, Salt Lake contractors. Other plans for improving the building include replanting of shrubbery. Postmaster Creer said this is the first major repair job on the building since it was erected in 1922. Famous Old Clock Runs Once Again PRAGUE. OI.R) The famous clock on the old town hall is in operation again after three years of silence since it was partly destroyed de-stroyed by German bombs at the end of the war. Wooden figures of the Twelve Apostles once again march across the clock face and a black cock crows three times after the hour has struck, just as they did when the mechanism first was set in motion in 1490. Czech artisans painstakingly have reconstucted the whole complicated structure in more than two years of steady labor. One painter spent 18 months copying the "Calendarium" from the original painted nearly 100 years ago by the Czechs' favorite artist, Josef Manes. The calendarium registers the date and the signs of the Zodiac, shifting an inch or so each day to come full circle once a year. Draft Boards To Be Named In Utah More Fighting Breaks Out at Struck Plant DAYTON, O., July 30 (U.R) Open fighting between massed-pickets, massed-pickets, police and non-strikers broke out at the Univis Lens Co. plant for the fourth time in five days today and Police were forced forc-ed to hurl tear gas bombs into the mob. Mayor L. W. Lohrey asked Gov. Thomas J. Herbert in Columbus Last Chance for. Vets Insurance Veterans with lapsed term na tional service life insurance poli cies will have opportunity to reinstate before the July 31 deadline, dead-line, Otis L. Burton, contact representative, rep-resentative, said Thursday. Provo Veterans' administration contact office at 37 East Center st. will be open from 8 a.m. to 4:45 p.m. Saturday. to call out national guard troops after Police Chief Rudolph Wurs-tner Wurs-tner reported the situation was "out of hand." The governor said, however, he would not send troops to Dayton at this time. He said Dayton officials of-ficials had notified him that the situation was now under control and that help of national guardsmen guards-men would not be needed. Herbert Herb-ert said Dayton authorities advised advis-ed him the plant would be closed clos-ed tomorrow and Sunday. All available police were used to hold back the demonstrators as non-strikers pushed their way through the United Electrical Workers (CIO) pickets and sympathizers sym-pathizers representing 32 other local CIO unions. The demonstra tion was quieted after police hurled hurl-ed the tear gas bombs into th mob, estimated at between 6,000 and 7,000. Police Sgt. C. C. Croft was attacked at-tacked by the demonstrators and was "roughed up" but not seriously seri-ously hurt, police said. Several pickets were hauled off to police headquarters. The new picket line was bolstered bols-tered by members of other local CIO unions following a ' mass meeting early today during which the locals pledged their support to the strike The walkout has been in progress since May 5. The demonstration as announced announc-ed by the CIO union was to be in protest to "police intimidation and brutality." TRIES WATER CURE NASHUA, N. H. (U.R) Theo-phile Theo-phile Tetrault was convicted of emptying a pail of water on a woman hanging out clothes in her yard. Tetrault told the judge: "I just threw a little water to cool her off." 19-lhrough-25 may be inducted for 21 months service. The overwhelming over-whelming majority of draftees will come from the ranks of men 19-through-21. Men who are now married are not expected to be drafted. But selective service must decide what to do about draft-age youths who marry or become fathers in the future. During World War 11, dependency de-pendency deferments were not given out unless the marriage or birth took place before a certain date. Officials said fhey did not know whether the same pattern will be followed under the new peacetime peace-time draft because the deferment system this time will be more liberal. lib-eral. There also is sure to be stronp pressure from certain rural labor shortage areas for a very lenient policy for farm youths. During the war, this was a cause of almost al-most constant friction between congress and selective service. It has been announced that there will be deferments for some key industrial and government! workers. The new regulations will have to define such jobs. The draft law grants automatic deferments to clergymen, theological theolo-gical students, 19-year-old high school students, and most veterans. Selective Service Director Lew is B. Hershey has estimated nat because of physical aisaDimies and deferments, not more than 70,000 men will be available from the ranks of men 22-through-25. said that registration for the draft will likely begin Aug. 30. He estimated that about 20,000 young SALT LAKE CITY, July 30 (U.R)imen from Utah are subject to the Officers of Utah's selective ser-j draft call. vice headquarters were touring I West reported that draft regis-the regis-the state today to appoint draft jtration dates in Utah would be boards and arrange for placfcs of ! staggered through September on egistration. 3 l5 different days. State head- Brig. Gen. J. Wallace West.iquarters have already been es-Utah es-Utah selective service director. I tablished at Fort Douglas. 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