WEDNESDAY. DECEMBER 5. 1956
Asked to Nullify
ish Interest Debt
U.S.
rit
, Dec. 4 (W)—The Eden government asked the United States today to forget
t on dollars in interest coming due this month—in effect, to share the price
LONDO
about 82 mill
of the Egypti
n invasion
et, the government explained, is to try to save the integrity of the pound
.h currency, and keep it from a devaluation that would affect much of the
The ob .
sterling, Brit
world_
Britons thems
Ives were told to
of austerity.
brace for a dos
nt put the nation
ncome taxes—al
t in the world—
ed, and last-ditch
might have to be
e country in the
The governor.
on notice that
ready the high
might be lucre- •
dollar securities
sold to keep t
black.
Prices
price of gasoline
. record 90 cents
on. -
Ras
h raised the
by 20 cents to
an imperial gal
These announ
cellor of the t
ements by Chan
xchequer Harold
Macmillan cam against a back
ground, of mou ting Conservative
rebelliousness against the leader
ship of Prime Minister Eden, rest
ing under doctors orders in Ja
maica.
Currency Unstable
Macmillan's measures for a
back-to-the-wall fight to preserve
the value of Britain's money
stunned the Hoose of. Commons.
He disclosed:
The 'gold-dollar reserves of the
British-led sterling area slumped
by 279 million dollars during No
vember while the Suez Canal and
the flow of Mideast oil to Europe
were disrupted.
' The reserves fell down to $l,-
965,000,000 below the two-bil
lion-dollar mark which some
economists regard as the danger
point. for the safety of the pound.
Some government treasury ex
perts are not so pessimistic.
As a result the United States is
being asked to forgive 581,800,000
interest due Dec. 31 on-two debts
—a 3;:t-billion loan made in 1945,
and a 600-million-dollar settle
ment of lend-lease. The interest
is at 2 per cent.
Canada is being asked to forgot
$22,200,000 interest of its loan to
Britain, and will do whatever the
United States decides.
Britain will make principal
payments totaling 7114 millions
to cut the loans.
Britain is ready, if necessary,
lo sell its American dollar securi
ties, worth between 750 million
and a billion dollars, as a last
ditch means to reinforce this
country's reserves.
Clark Plans to Establish
Office in Pennsylvania
PHILADELPHIA. Dec. 4 (.41-
- Sen.-Elect .Joseph S. Clark said
today he was establishing a Penn
sylvania office to serve as a liai
son between his constituents and
his Washington office.
The foimer mayor of Philadel
phia to 1 d the Pennsylvania
League of Cities that "we must
set up proper procedures so that
your needs can be brought to the
attention both of Congress and
the executive offices of the fed
eral government."
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Russians Open Fire Adlai Declines
Term
On Rebel Funeral A nother WASHINGTON, Dec. 4 (Jr)
BUDAPEST, Dec. 4 (in—Russian gunfire wounded a Adlai E. Stevenson announced to-1
I d ay: "I will not run again for the
Hungarian woman today at a spontaneous demonstration
presidency."
by about 15,000 women in honor of their rebel dead. Stevenson, who tried for the of-,
Several shots cut short one argument as the women,,fice in 1952 and again this year as'
many weeping, braved Russian armored cars and sub- t the Democratic presidential nom
inee, said he would return to the
machine guns to insist on their
right to lay flowers on the white, Practice of law in Chicago. His
stone tomb of Hungary's unknown' statement was issued through the
soldier in Heroes Square. Democratic National Committee
3-Hour Demonstration
The three-hour demonstrationdhe-e •
moving in its simplicity, signifi-1 Stevenson said his interest in
cantly came just a month after,the Democratic party "will con-'
the Russians touched off the;tinue undiminished" and "I want
lightning warfare which crushed' to be of help wherever I can
the Hungarian movement for Stevenson's announcement was
freedom from Moscow. in line with the frequently voiced
Witnesses said a 'Soviet officer feeling among politicians that he
drew his pistol when one group ofl would not try again, having been
women—seeking to lay their na-,overvvhelmingly defeated the two'
tionalist red, white and green' times he did run.
bouquets on the tomb—angrily The Democrats, in the past,
protested efforts to turn them have given three nominations for
back. the presidency to two men—Gro-
Women Run . ver Cleveland and William Jen-
The women ran, but Russianinings Bryan. Cleveland won the
soldiers fired a few shots and one'' first and third times he ran-; Bry
fell with a leg wound. She was! an never won.
treated at a hospital, where the;,,,l/4,wcvm-colvmcreqrromvewcwvoreve4,-teivocemcieveqmv
4 elit
injury was described as not seri- /4
ous. iv
At that time women had beer 4
streaming toward the modest
monument for more than two,'
hours. Id
Witnesses estimated 5,000 gath
ered in the square and 10,000 1 M
others were massed in streets.
leading to the square.
Brook Pier
Takes Tenth
Fire Victim
NEW YORK, Dec. 4 (iP) An
other boy—the fourth—died to
day in the afterniath of a dis
astrous Brooklyn pier fire and
explosion yesterday which at
tracted hundred of spectators
while firemen fought the flames.
His death lifted the fatalities to
10, with 246 injured.
Charles Tierney, 8, succumbed
to numerous injuries received in
the earth-shaking blast which
caused an estimated 15 million
dollars damage over a vast sec
tion of Brooklyn. Of the three
lother boys killed while watching
the fire, one was 9 and two were
13.
As firemen continued pouring
water onto the still-smoking ruins,
four different agencies probed the
mystery of how the fire began.
There was one further small ex
plosion this morning.
Foremost among the possible
causes being investigated were
sabotage and a spark from a
welder's torch.
Bomb Threats Flood
New York City Police
NEW YORK. Dec. 4 ('P)—New
York City police patiently ran
down nine false bomb threats in
less than three hours today.
A home-made bomb, believed
the work of a maniac who has
been scattering bombs and threats
around the city for 16 years, ex
ploded in a Brooklyn theatre Sun
day night, injuring six persons.
The attendant publicity appar
ently set off a rash of threats
from crackpots and mischief
makers.
Diptheria Vaccine
DETROI T, Dec. 4 (IP)—ln a
move aimed at halting a diptheria
outbreak that has claimed five
lives in Detroit, the state today
authorized an emergency appro
priation of $45,000 for production
of diptheria vaccine.
War Stocks Decline
CHICAGO, Dec. 4 (.P)—A belief Fl'e
that a major war in the :Middle:L i
East had been averted ' brought
heavy selling into the "war bab-LY
ies" among commodities traded
on the Board of Trade today.
Hornung Wins Award I
NEW YORK, Dec. 4 (AP)—Paul
Hornung today became the fifth!
Notre Dame player to be awarded
the Heisman Trophy as the out
standing college football player'
of 1956.
Choir Practice Planned 111
A Novena service will be held;N
at 7 tonight at Our Lady of Vic-1 0
tory Church. Choir practice will
follow at 7:30. 'SM).=::•M'AINDI7.--.l'6•2lN=..2arkza.maxlLsi:
VZ-tt . tave t iwor_ . tmwvrvc„,,vv,v_tzvc,wcA-Icvzcv,vct
For Value and Service Shop Stale College
Dag Reveals Plans
For Budapest Visit
UNITED NATIONS, Dec. 4 (.P)--Hungarian Foreign
Minister Imre Horvath said UN Secretary General Dag Ham
marskjold informed him tonight he would like to make a
three-day visit to Budapest Dec. 16-18.
Horvath told reporters he had cabled this information
to his government and was waiting to learn whether it was
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PAGE THREE
willing to receive Hammarskjold
then.
The two men had just conferred
briefly during a recess in the
UN General Assembly's debate
on the Hungarian situation.
The recess came after Horvath
announced readiness to discuss
"the date and the arrangements
for the visit." Yesterday, Hun
gary had notified Hammarskjold
it would receive him only "at a
later date." But delegates had
kept pressing the Hungarian
Communist government to admit
him or other UN representatives
Ito Hungary.
i The secretary general told the
:Assembly he would get in touch
(question.
Horvath immediately on the
lquestion. Prince Wan Waithaya
kon of Thailand, president of the
Assembly, then adjourned the
:meeting to 9:30 p.m. to give time
1 frir their talks.
In the debate, Yugoslav Dele
gate Mladen Ivekovic charged
Hungary broke a promise when
it shipped former Premier Imre
!Nagy to Romania. He also took
issue with the other Communist
countries and demanded that
Hammarskjold be allowed to en
'ter Hungary as soon as possible.
China ...
To Treasure
Forever
Illustrated Here:
Sitter Pine
by Franciscan
Slo p
•mr.mmrrrt9
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