The Key West Citizen Newspaper, July 13, 1954, Page 10

1 AEC TELLS OF POWER “OF ATOMIC SUB ENGINE By FRANK CAREY WASHINGTON (The _land- based model of the world’s first nuclear submarine engine “has al- ready produced more than enough power to send an atomic submarine around the world, fully submerged and at full speed.” The Senate-House Atomic Ener- gy Committee said so today in a report to the Senate and House Tecommending a series of changes in the basic Atomic Energy Act. ‘The engine, a land-based ‘“‘proto- type” of the atomic engine now in- stalled in the USS Nautilus, is lo- cated at the Atomic Energy Com- mission’s testing site in eastern Idaho. Speaking of prospects for econo- mic atomic power for industry, however, the committee. said only that such an objective ‘“‘is on the horizon, though not within our im- mediate reach.” ‘The legislation which the com- mittee recommended would gen- erally carry out President Eisen- hower’s recommendations for changes in the 1946 Atomic Act to allow exchange of some nuclear secrets with Allied nations The bill as a whole was unani- mously approved by the 18-member committee, but some members ex- sharp dissents on some sections. The Senate may begin debate on the measure late today or tomorrow. The bill would: area of peacetime uses of energy. The committee to implement the Pres- peacetime international pool plan.” 2. Permit the AEC to transfer to another nation participating in such an agreement atomic maeri- als in quanities needed for the development or tilization of atomic energy for nonmilitary and re- search purposes. 3. Allow transfer to another na- ——_ —_— ‘THE KEY WEST CITIZEN tion, or to a regional defense or- ganization, secret data concerning the tactical employment of atomic weapons—but not including any in- formation on their design and fab- Tication. The committee said such infor- mation would include “data neces- sary to the development of defense plans, the training of personnel in| the employment of, and defense jagainst, atomic weapons, and the evaluation of the capabilities of po- tential enemies in the employment | of atomic weapons.” 4. Permit the AEC to license private industry to possess and | utilize atomic materials and to own | atomic reactors or “furnaces’ de- signed to produce and utilize such materials. Judge To Aid Young Robinson LOS ANGELES W—I want to stop drinking but I can’t,” Edward G. Robinson Jr. told the Domestic Relations Court yesterday. “I’ve had some experieuce in those matters,” replied Superior Judge Elmer D. Doyie. “I’ll show you how.” So the busy judge, who handles more than 100 cases a day, offered to set aside his lunch each day for two weeks to talk to the actor’s 21-year-old son, who has been ar- rested three times in recent months fdr intoxication. Young Robinson’s wife Frances, with whom he recently was recon- ciled, promised to help the judge. “I hope it works,” she said. “It must work.” LANDSLIDES FATAL MEDELLIN, Colombia (?—At least five persons were killed and 60 injured by landslides near here yesterday. A search for more vic- tims continued during the ‘hight. The first landslide attracted many rescuers and onlookers. A second slide buried many in the crowd. Tuesday, July 13, 1954 Sua the winner 9 shapely young dear, With just the faint trace of a tear, "T won't take the cup With Schae NO WoNDER ITs so coon - 75 Till you fill # up It’s no The Veterans Corner Here are authoritative answers from the Veterans Administration to four questions |former servicemen and their fam- ilies: of interest to Q. I am a Korean veteran with| a service-connected disability ser- jious enough to prevent me from | getting commercial life insurance. Will my disabitity also stop me from obtaining GI permanent in- surance available to disabled Kor- ean veterans? A. No. No matter how severe it is, your service-connected dis- ability will not bar you from per- manent-plan G I insurance. you could not get it if you had non- service disability that would pre- vent you from meeting the good- health requirements of the GI in- surance law. But Q. I understand I can pay off my GI loan in advance, without penalty. Can these advance pay- ments be of any size, or is there some minimum which they can’t go? amount below A. There is a minimum amount. It is the amount of one regular monthly payment or $100, which- ever ‘is less. Q. I am a Korean veteran, and I got out of service in July, 1953. What is my cut-off date for start- ing Korean GI Bill training. A. You—and all Korean GI vet- erans separated before August 20, 1954. Veterans August 20, 1953, have two years from separation in which to begin. separated after Veterans living in-Key West who wish further information about their benefits should write the VA office at the Post Office Build- ing. Makers of photographic materi- als estimate that Americans are taking pictures with their cameras at the rate of more than five mil- lion a day. America’ Oldest Lager Beer! wonder that Schaefer has won so many new fri, Schaefer beer is rechignt® For appeti; enjoyment of it, THE F.& glass. fer soon—just for the M. SCHAEFER BREWING CO., NEW YORK Committee Seeks To Settle Differences In Housing Plans By ROWLAND EVANS Jr. WASHINGTON (® Key members of the House Banking Committee were reported today to be considering a compromise pub- lic housing program only for fam- ilies who lose their homes in the razing of slums. : A conference committee seeking to reconcile differences between Senate and House versions of housing legisla¢énn was due to turn to the controversial public hous- ing question either today or tomor- row. President Eisenhower asked Congress for authority to start 35,- 000 new public housing units a year for next four years. House refused to grant any new public housing authority, but the Senate voted to give Eisenhower what he wanted. Rep. Wolcott (R-Mich), chair-| man of the House Banking Com- might go along with a public hous- ing program with “restrictions.” He declined to spell these out. Wol- cott long has been a foe of low- rent public housing. Other persons close to the con- ference committee said public housing opponents may offer to beck a one-year continuation of the program—provided new units are restricted to families dispossessed by slum clearance. Senate advocates of public hous- ing said this kind of a restriction would cut the heart out of the pro- gram Another point of difference is a Senate provision designed to guard against the possibility of future “windfall” profits by builders op- erating with government-insured loans. The House bill contains no such section because allegedly | Widespread housing irregularities did not come to light until after the House finished work on the housing program. Windfall profits are defined as the margin between a builder’s actual costs and the value of a government-insured loan based on an inflated estimate of construc- tion and other expenses. Wolcott said he would insist on examining “very carefully and critically” any proposal which, as he put it, might stymie building programs by hedging government- insured lending with unduly tight restrictions. He said a program! which builders refused to use would be no program at all. The Senate Banking Committee investigating alleged housing scan- dils took testimony yesterday from Fred C. Trump, a New York Stock Exchange’s four-million-dollar baby, six months old July 25. By STEVEN V. DAViD (For Sam Dawson) NEW YORK # — The New York share-buying plan for small investors, a growing will dollars is Four million the amount of stock bought by nearly | 20,000 persons participating in the plan. By ‘stock market standards, that’s hardly huge, but exchange Officials say they’re gratified and brokerage houses agree that the plan has a big potential. The Monthly Investment Plan, be! skeleton, City builder, who said apartments would not have been built under mittee, said in an interview he|@M expired postwar loan insurance Program if the law had set rigid limits on loans approved by the Federal Housing Administration. WHALES MAY ONCE HAVE HAD LEGS TOKYO (B—A whale with legs? The Japan News today described a whale fossil, reputed to be 20 million years old, with forelegs pro- truding nine feet from the main It was found at Esashai on Japan’s northernmost main island of Hokkaido. The fossil will be ex- hibited here Monday at the Inter- national Whaling Conference. Because the area of visibility is Narrow, it may be hundreds of} years before any one place on the earth has a total eclipse of the sun. fellow who wants to buy stocks but doesn’t have an accumulation of capital to do it with. Under the plan, he may arrange with a mem- ber firm of the New York Stock Exchange to make regular pur- chases of stock in amounts of from $40 every three months to as much as $1,000 a month. The investor deposits a stated amount with his broker and makes regular purchases of stock at the market price. If the market price goes up, he gets less stock. If the price goes down, he gets more stock. If he keeps it up with reg- ular monthly or quarterly pur- chases, he'll have a good-sized amount of stock at an average price. Ninety per cent of those signing ‘up under MIP are new investors, (We exchange says. So far, 67.3 per cent have been men, 16.7 wom- ea and 16 joint accounts. The ex- change says 76 per cent of the Here's Proof that Low-friction 00 et 60 mph—t a Piston — ell around cylin design (bore Overhead-valve ond" fh. per min. inders for ful eat as it is called, is tailored for the | Business Mirror By Sam Dawson investors are leaving their divi- dends in their accounts to be re- invested. “The plan is showing the public who cap buy stocks and how to buy them,” says one exchange of- | ficial. “It emphasizes the fact that you don’t have to have a lot of money: to buy stocks.” The list of stocks most popular with the monthly investors is un- usually strong in the so-called blue | chips. At the top of the Jist are Radio Corp., Dow Chemical, Gen- eral Motors, American Telephone, Standard Oil (New Jersey) and General Electric. Keith Funston, president of the stock exchange, says he feels that the plan “has worked very well indeed.” Three-fourths of all U.S. bank employes are machine operators or clerks. Printing... Embossing Engraving ... Rubber Stamps The Ariman Press Greene Street Phone 2-566] Monroe Motors, Inc. 1119 WHITE STREET For A Quick Loan $25 TO $300 See “MAC” 703 Duval Street TELEPHONE 2-8555 IF YOU'VE LOST YOUR APPETITE there’s a way to perk it up. Take Rexall Formula V10, the modera vitamin and iron tonic. This pleasant- ‘tasting liquid formula not onty stim- wlates the appetite but helps pre- vent vitamin or iron deficiencies and futritional anemia. You get five ment for iron plus important Red Crystalline Vitamin B12, Vitamins A, D, Bl and B2 and Niacinamide. | Formula V10 is recommended for convalescents as a fine tonic to re store appetite and to build strength by aiding in the formation of heme globin. Enjoy your meals, feel better. Ask for Multi-Vitamin Formula V-10 at your Rexall Drug Store. Pint $1.98 GARDNER'S — PHARMACY — The Rexall Store 1144 TRUMAN AVENUE Corner Varela Street PHONE 2-7641