was permanent one, listing those - NYS Historic...
Transcript of was permanent one, listing those - NYS Historic...
MASSENA OBB^B^EB.MAg^HAj, HE^T YORK,
Method to• • • • - ' * ' •
Halt InflationBy REGINALD F. TORREY
Washington —(GNS)— Two ofthe government's largest financialSet-ups cannot get together onmethods to control inflation.
They are the Treasury Depart-ment and the Federal Reserve Sys-
life-
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Approaches of the two groups,which control billions of the na-tion's finances, vary so widely thatattempts to line them up in a com-mon program to stem inflation sofar have failed.
Conferences with governmentgroups are being staged almostdaily $>$ banking and investmentgroups. *
The Treasury Department be-lieves 'the answer is in cuttingfederal expenditures, balancing thebudget, and reducing the nationaldebt.
Federal reserve thinks the solu-tion is in controlling credit.
The private bankers want modi-1fications of both the treasury andfederal reserve attitudes.
Treasury policy emphasizes that,outside of price control, the gov-ernment can do the most to curbinflation by slicing governmentspending to the lowest possibleminunram consistent with neces-sary services and adequate nation-al defense. It does not want in-creased taxes, but it opposes anydecrease.
The panacea for inflation, thefederal Reserve solons feel, is therestoration of control over bankcredit expansion.
They believe its ordained missionis to prevent inflationary expan-sion of bank credit—and assure jreasonable stability of interest!rates. _ I
The tremendous accumulation In jcommercial bank and other hold-ings of government securities,readily sold to reserve banks, caus-
e- .'tbwn and village ofHONOR ROLL INattractively designed. As the war progressed, gold stars appeared here and there,. The honor roll is temporary,permanent one, listing those who made the supreme sacrifice,, will be erected. Names o£ the World War. I dee
wasa more
dead fromMassena are inscribed on a plaque in the town hall
ed the Federal Reserve System tolose effective control over credit.The securities, in the reserve banks,create new reserves capable ofenormous expansion in bank creditand bank deposits.
The private interests now con-ferring here suggest the issuanceof refunding bonds at interestrates attractive to institutional andprivate investors. The treasurydoes not believe higher interestrates would be useful in holdingdown inflation.
The bankers want a boost in theinterest rate on the treasury cer-tificates from the present seven-eighths of one per cent. The treas-ury feels higher interest rateswould increase the cost of carryingthe debt, and knock the marketvalue of outstanding securities.
Armored HorsepowerIn World War I, an infantry divi-
sion went into action with an equiv-alent of 3,300 mechanical horsepow-er, while in World War II an ar-mored division had 400,000 mechan-ical horsepower — an increase ofmore than 120 times.
TO EVERY VETERAN
WELCOME HOME!sr
IT'S SURE (JOOD
TO HAVE YOU BACK
B E S T . O F ! LUCK!a »
9
NOBLETT'S, COFFEE POTNorth Main, Near Stoughton Ave.
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^:and NOW ...for the pursuit
of HAPPINESSOut of uniform into civvies: far
- from the battlefield — home tofamily, job and a happy future.Yon fought for it and earned it.We fornght along with yotta^ best
! W© could — assuqpodng our wartimeresponsibilities -and aficeptl% 'w ar*4&*ia limitation.. Now we're readiy
to your future happi-every time y-oti call oiaiisto
serve you.
LEONG.TYO ' : < •
Many MassenaPersonsCommissioned'
When Japan capitulated Aug. 14,1945, a large number of men fromMassena and area were holding1
commissions. Some of these havebeen advanced in rank since thattime.
The list of commissioned officerswill become a part oT the perma-nent war record of this community.Therefore, The Observer is anxiousthat it be correct in every detail, asof the end of hostilities.
This list has previously beenpublished, but corrections havebeen made since then. Names ofpersons inadvertently omitted havebeen added.
If your friend or relative is notgiven the commissioned rank heheld at the time Japan capitulatedin the following list, please callThe Observer:
Commander, John L. Chittendep;lieritenant colonels, John M. Bel-lamy, Henry S. Howard, Edward J.Story; Mentenant commander, Les-ter H. Chase; major, Henry Ber-trand, Rev. William Capron.
Captains, Anthony Viskovich, J.H. Almasian, Stephen Ori, FelixCecot, Mitchell Rubin, William C.Ward, Paul E. Lametndola, A. J.Levine, John R. McCann, GeorgeOri, Grace Farley, Emily Gorman,George W. Vryland, Jerry I\ Rea-gan, L. J. Cal-li, Robert K. Barbour,Maurice Elder, Bernard Brown.
Lieutenants, Robert R. Amo,Larry A. ArchambeauR, Giles Eli-hu Chase, Bernard F. Flynn, HarryFregoe, Stephen A. Gabri, Ira H.Dishaw, Lawrence Hooper, NormanHopson, James Hale, SamuelJacobs, Watkis R. Kassian, ThomasKingston, Harold Chase, WilliamCharles Lahey, Bernard F. Lam-ber.f, Vernon R. Lawrence, ElmerJ. Manson, James M. Murphy, Wil-liam M. McQuin, Emil F. Opalka,Alex J. Ori, Jose A. Palo-mares,Charles ,S. Podgurski, H. PaulQuenelle, Josepth T. Russell, Al-bert J. Slavin, William L. Sovie,John C. Sullivan, John J. Szarka,Ward J. White, Dorothy May Cut-er, Helen F. Dziewisz, Edith C. |Reckard, William Cook, *GeorgeBourdon, 'William Whalen, Thom-as Donelian, Henry Bouchard,*Theodore M. Richards, FrankCatanzarite, Philip Mardon, EarlDumas, Lawrence H. Martin, JohnO'Connor, Harold Prescott, Ber-nice Tyo, Albert J. Besaw, MildredMcHugh, Robert B. Hutton.
Flight officers, Daniel Opalka,Robert Morris, Robert J. Williams.
Warrant officers, Lawrence Be-saw, Leo Jerome, Kenneth Kirkey,Leonard R. Lambert, John Mc-Hugh, Millard F. Crary.
Lieutenants (s.g.), Robert Short,James Schreiber.
Lientenants (j-g:)1, 'Richard D.Gould, George Patrick McHugh,James W. Taylor, Dean F. Whee-ler, Evalena French* Lila Murphy.
Ensigns, Nishan Ayrassian, Ken-neth Chapman, John h. Loucks,Rosemary Pellegrino, Elston Gaur>in, Joseph H. Mason, Charles Wiles.
The asterisk denotes that the•person gave1 his life while in serv-ice. . ':*.
-.LumberAbout 3 i»»lio*» lMi4fceipt lum*
are ustdia the United States'each year* • ' A v
t
Uncle $dixt Says
% doff my h*t to labar, Labor D*^tX M «»lBf K*o*tt t «
(Hnmity la time ot w*r but for lt«iaod «wW ill awMnvAng'to invest
of tip wmU*n M V. S. g i
HONOR HOLLS were erected in practically every community.Tho above picture happens to be one of the rosters erectedin the town of Brasher.
VETERANS, We Salute You!
. . . Now that most of you are home and enjoying thestatus of civilians, we wish to join in expressing ourthanks HIHI ck'i'p appreciation to the men and women, •who served in the arnr.'d faj?ces, for th*'. job you.^kl so-well. May we fijrht as well to ke.ep the peace as youfoujrht to win the war.
D'ARIENZO BROTHERSSERVICE STATION Water and Glenn St.
The rhiard contuigfcnt,.1«Massena Feb., 11, 1941 yeas com-posed of all volunteers. '.
The 15 volunteers wire:"Richard M. Stickler, Norfolk;
Alphons Anthony Smith, Massena;
Leon* Cflbfert Giroux, Massena";James Howard Ober, Massena;Step%m%y&w &abri, Ma^selia;
Robert Harvey HaHiday, Massena;John Wands' Nagy, Mas&effa; Al-bert Buck Hibbert, Winthrop; Rab-ert Douglas Maher, Massenaj Ber-nard John CarviHe, Helena; iJamesEl win Durant, Brasher Palls;Frederick Arthur Clark, Massena;
Ifoonias Bziewisz, Mas-sena; Joseph G. iMobiar, Massena.
s-. Brusb tJphoJ»(ery; yee^rent brushlnt, »nd cleanlnjWill fielp'keep the moths away fromthe wpol.upKolstery on your forni-tote. "i^Jtip't'lil* to;dress up youroverstaffed d&air and sofa with fur-niture'jepyer* *B4 forget about theupholsteCy. if it -ha* wool in it.«Clean aMy jspots and brush away the"dust, and any insect egg* that may
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You men did your job! — ami
what a job! And we who wel-
come you now realize that this
land of ours needs plenty of the
type of men who brought us pur
greatest Victories! Working
side by side with you returning
Veterans we cannot fail to
achieve the good things of life
that only peace can bring. WE
CANNOT, WE MUST NOT
FAIL!
BOTH MAItf 3T PHONE8 387 • 372
B
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sDeep pride in their accomplishment, and everlasting
gratitude fill the hearts of Massenans as we * officially-
welcome home our fighting sons and daughters. These
gallant young imfen and women who fought for our free-
dom, justice and our sacred ideals are ba<?k with us and
ready to enjoy the fruits of their victory.
\
With ea ejf hearts and minds, they will want to jointheir friends and nei|pibors who constitute the pro-
, ductive power behind ""the battle lines, in building a^ secure and happy future.
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CINTRAL NIW YORK POWIR CORPORATIONHUDSOH
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