The Key West Citizen Newspaper, April 15, 1953, Page 3

CAPEHART NATIONAL INSISTS ECONOMY IS ON SOUND BASIS By JACK BELL WASHINGTON «®-—Sen.- Cape- hart (R-Ind), replying to Demo- eratic suggestions that the Eisen- “hower administration may be head- ing the country toward a depres- sion, said Tuesday the national economy is on a sound footing. Capehart, chairman of the Sen- ate Banking Committee, spoke out WHATEVER YOUR NEEDS IN THE LINE OF Children’s TOYS COME TO THE TROPICAL TRADER 718 Duval St. Dial 2-6262 We Have Several Loan Plans to Help You! STOP BY OR PHONE TODAY Our Friendly Representative Will Be Glad To Assist You PHONE 25684 Town Finance Co, of Key West 604 DUVAL ST. (2nd. Floor) after a new Democratic blast at higher U. S. bond interest rates. phrey defended the higher interest rate on a new bond. issue which appeared, from signs in Wall Street and Washington, likely to be heav- ily oversubscribed. Capehart said he sees no factors in the present economic situation that should bring any recession and none indicating any increase in inflationary pressures, “Payrolls are the biggest in our national history, the government still is spending about a billion dollars a week on the defense pro- gram and while farm prices have dropped, they seem to have leveled off,” he said in an interview. However, Sen. Sparkman (D- Ala) joined eight other Democrats and independent Sen, Morse of Oregon in declaring that a boost in interest rates om government bonds, ordered by Humphrey, al- ready is operating to tighten credit for farmers and small businessmen and may bring an economic reces- sion. “Because of the Treasury’s ac- tion, interest rates are going up all over the country,” Sparkman said. “That means it not only is going to cost more for the farmer }or small businessman to borrow | money but in a great many in- stances it means that the banks , Won't make the loans at all. That | already is happening.” . Sparkman said he estimated the |inerease in private lending- rates, as a consequence of the Treasury’s action in offering 30-year bonds at 3% per cent interest, would cost |the average small home buyer $8.33 a month more on his install- | ment payments. * Sen. Humphrey (D-Minn) was a \leader of the group of nine sen- ators who issued Monday a state- ment denouncing the interest rate, highest on such an issue since 1933. | Sen. Humphrey told the Senate the Treasury's action “contains germs of a new depression.” He contended all the signs indicate |“that deflation and not inflation is the current problem.” “Farm prices have been falling substantially since July and are under continuing pressure,” SALES and INSTALLATIONS Micni Awnirig Windows Clearview Louver Windows Aluminum Jal: isies Storm-Stop Awnings Talousie Doors Superior Casements Veneti=n Blinds Canvas Awnings Patio Furniture | Rey West Venetian Blind Co. DIAL 2.5531 Overseas Transportation Company, nc. Fast, Dependable Freight and Express Service between MIAMI AND KEY WEST Also Serving ALL POINTS ON 1 .ORIDA KEYS * Between Miami and Key West . Express Schedule (No Steps En Route) LEAVES KEY WEST DAILY (ExcePT SUNDAYS) at 6:00 P.M. Arrives at Miami at 12:00 e'cleck Midnight. LEAVES MIAMI DAILY (EXCEPT SUNDAYS) at 12:00 e’cleck and arrives at o'clock A.M, Local Schedule LEAVES KEY WEST DAILY (8xcEPT SUNDAYS) at 8:08 o'clock A.M. and (Stops At All intermediate Points) —s at Miami at 4:60 e‘cleck Pm. LEAVES MIAMI DAILY (EXCEPT SUNDAYS) at 9:08 o'clock A.M. and arrives at Key West at 5:08 o'clock Free Pick Up and Delivery Service FULL CARGO INSURANCE MAIN OFFICE and WAREHOUSE: Cer. Baten and Frarcia Sts. DIAL 279061 Secretary of the Treasury. Hum-| LCDR. ROBERT H. BYERS, USNR said. “All wholesale prices have been falling steadily since August. Consumer prices peaked out in Byers Returns august” ager ane <i eae To Civilian group that the Treasury withdraw | the bond offer until he has “ad-| t vised and consulted with the policy- | { a making branch of the government | us oon —the Congress.” Ledr. Robert H. Byers, USNR, ! But he issued a statement say- | p, \ 3 J as been serving as Analysis Offi- | ing that inflationary forces are) cer on the Staff of Surface Anti- still present and declaring that the | Submarine Development Detach- higher cost to the government, in| ment here for the past 2 years. mig cepeo peadighioe on foo Byers is Deane ortegge for sep- a ot, aration from active duty upon offset many times over if it lessens | completion of which he will pro-| the cost and disorganization of| ceed to his home in Lancaster, cg ong naEe | Pennsylvania, and resume his for-| ew easury officials argue! mer position with the Armstr that short-term bonds are frequent- | Cork Company, ly traded just about as money is| i i ¥ and that they therefore contribute | Se ee ne ee oe to inflationary pressures. Holders of long-term bonds, however, arelas Ensign i ae ign in March 1943 from pecan ens ange _ aanrity? | Columbia University Midshipmen Te he aay poe its, books | Sct. _He then graduated from to cash subscriptions of the Deel Nee ae os poses sper nat bond Monday. Indications were | schools at ‘Norfolk, Va., before that buyers would seek to purchase |}. USS. well over. the one billion dollar being ordered to the USS Colahan quota. Wall Street rumors said the be aig ey a j b July 1943. In February 1944, he issue might be oversubseribedas | Mar. nie de ve tienes, was transferred to the USS Mar- shall (DD676) as Torpedo Officer and served aboard that-vessel un- till separated from active duty in December 1945. While serving in the above destroyers, Byers par- ticipated in action with the Fast Carrier Task Forces 38 and 5?.. He is entitled to wear the Asia- tic Pacific Campaign Ribbon with 9 engagement stars, the Philippine Liberation with two engagement stars, the American Theater Mes- al and the World War 11 Victory AP Women’s Editor Medal. In April 1951 he was re- That thing called giamor ts called to active duty and reported strictly chemistry, says Charles for duty on the Staff of Surface Charles Coburn, the monocle-wear- | Anti-Submarine Development De- ing veteran of stage and screen, | *¢chment By DOROTHY ROE who has been exposed to more of After his release from active | it than most men during his 60 | Tty in 1945, Byers was a member | years as an actor, producer and|°f the Organized Reserve in Lan- movie star. jeaster, Pa. from July 1946 until | The word glamor is used much | APril 1951 and serve as Comman-| too loosely, says the benign Co- | ding Officer of Division 4-19 from } burn, because it is possessed by | 1 July 1948 to 30 April 1951. only a few women in each gener- | Ledr. Byers graduated from ation—and they are the lucky ones, Rranklin and Marshall College in who are born with it. Asked to de-| 1940, with a B. S. degree in chem- fine this elusive but explosive qial-| istry. Upon graduation he was ity, Hollywood's grand old man|employed by the General. Chem- chewed meditatively on his brunch | toast and said: | “When a woman has it, she’s} like a magnet, drawing all men| to her. She's like a hypnotist, put- ting her subjects in a trance, so that they do as she desires, with- | out their own volition, She doesn’t} have to. be beautiful—she may be actually ugly. But if she’s born with this rafe quality, the world is her apple.” Coburn has either managed or acted with most of the great stars of the stage and screen of the last three generations, But of all the beauties with whom he has shared the spotlight, he can name only a few who, in his opinion, had “that certain thing.” Of all of them, the most glamorous, he says, was the late Minnie Maddern Fiske, first lady of the stage at the turn of the century. Says he: “Aside from my wife, Mrs. Fiske was the most glamorous woman I have ever known. When she was on the stage, people forgot every- ical Co., Claymont, Delaware. After World War 11, he was em- ployed by the Armstrong Cork Co., Lancaster, Pa., as a research chemist in the development and application of paint for the floor and building materials division. Ledr. B: has been residing at 1014 Se ary Street, with his| wife eth and their son Jef-; frey, age 6. | of this world. I never thought of | her as Mrs Fiske, but as what- | ever character she was playing, | because she was the character. That is what is meant by a great actress The nearest approach to Mrs Fiske in today's roster of actress- burn, is Helen Hayes mires Katharine Cor- | nell. Among movie stars of the! past, he remembers most vividly! Clara Bow, the “It Girl” of the! “Ws. { Coburn has been relaxing in New York after completing work | thing but her. Her magnetism | on his Sord picture, “Trouble Along | Teached out through the theater | the Way’, to be released soon by and drew the audience literally out | Warner Bros. a? POPULAR PRICES ——e mesos MIAMI Srnec Lecated in the Heart of the City REASONABLE ROOMS WRITE or WIRE RATES for RESERVATIONS with BATH end TELEPHONE 2 = Ritz Pershing Miller Hotel Hote} Hotel 122 &. Flagter St. 226 NE. Yet Ave. 229 NE. Ist Ave. 182 Reems a 10 Reems Eleveter Elevetor Heated Selariom 3 BLOCKS FROM UNION BUS STATION Mystery Gland In Brain Bosses: The Whole Body _ By ALTON L. BLAKESLEE AP Science Reporter DENVER (#—A mystery gland in the brain seems to be the ‘real boss gland of the human body, it was announced here. ~ It even translates thoughts of love or sex or fear or ‘hate, to. order other-glands into action, ‘This could explain how thoughts‘ of love could stimulate production’ of sex! q Coe A 45 J] Gas. = QO SK Sei “Me? I'M retired, too. 1 borrowed trom CITY LOAN CO. to help convert the upstairs of my house into two apartments!” LS © It’s surprising what a lot of good opportunities you can land for yourself with the courteous, friendly help of City Loan Co. | CITY LOAN CO. 524 SOUTHARD ST. DIAL 2-5681 some hormones, and sends. them | \This ‘santé nerve ‘coming: trem to whet, in hiimans, would ‘be the, the’ brain’ , | back part of the pituitary glani-| line running .| These hormones regulate the ‘salt would be jand water and fluid balance of the’ pituitary. ala "the birnja gan. seals <tese teks ‘which confrel .the ex yl mones through a nerve to the pit-| adrenal: glands, the Wednesday, April 15, 1953 FOR HOME or .- COMMERCIAL USE... We Are Prepared Ts Furnish You’ - Cube » Crushed ICE Thompson Enterprises, Inc. (ICE DIVISION) DIAL 2-6831 KEY WEST. FLORIDA When you go fishing, you never know what youl Budweiser is brewed and aged by the