Congress May Act
To Limit Rate
Of FHA Interest
WASHINGTON, Iff)—A rise in
FHA interest -ates, the second in
eight months, brought talk today
of congressional action to limit
any further increases.
The Federal Housing Adminis
tration made effective yesterday
an increase from 5 to 514 percent
in the maximum interest rate on
home mortgages it insures. The
rate was boosted last December
from 4Vfe to 5 percent.
Along with the higher rate, the
FHA also announced Monday
lower down payments on homes
financed with government backed
mortgages. The biggest reduction
applies to houses in the $10,000
to $25,000 class.
Lowering of FHA down pay
ments was greeted generally with
approval in Congress. But the
interest boost immediately drew
the fire of Democrats who have
been critical of Administration
money policies.
Rep. Rains <D-Ala>, chairman
of the Housing subcommittee of
the House, said “Congress must
restudy the whole FHA program.
“It may well be,” he declared,
“that we will have to enact legis
lation placing some sort of rea
sonable limit on FHA interest
rates to stop the present Admim
istration’s mania for continually
raising interest rates.”
Rains said “Apparently this
Administration cannot take any
action in the financial field which
does not benefit the big banking
interests in some way,”
Mary Pickford Wants
Old Silent Movies
Kept Off Television
SAN FRANCISCO, (ffV—M ary
Pickford is all for letting sleeping
dogs—and old silent movies—lie.
America’s sweetheart of the si
lent screen era told a press con
ference yesterday:
“I don’t think I’ll ever let my
old pictures be shown on televi
sion. We were watching them at
Pickfair once when Lionel Barry
more was alive and everyone be
gan to laugh at our funhy clothes.
“There were tears in Lionel’s
eves.’
I Mrs. Eisenhower Recovering After
,
Operation for Benign Condition
WASHINGTON UP)—Mrs. Dwight
D. Eisenhower underwent an op
eration yesterday for a “benign”
condition. The White House said
the operation was “not serious.”
The First Lady, 60, was report
'ed to be in “good condition after
the surgery.
j The operation was performed
i at Walter Reed Hospital by an
! Army gynecologist, Dr. Humbert
i L. Riva.
i ^Vhile the operation was in |
-*---I
Japan Protests Plan
To Include Kuriles in
Open Skies Program
TOKYO, (tf)—Foreign Office
sources today said Japan has
asked the United States for an
: explanation of the inclusion of
I the Russian-held Kurile Islands
j in the new U.S. “open skies” pro
! posal.
i The Japanese embassy in Wash
I ington lodged “a mild protest”
! over the plan last Saturday, the
. sources said.
i Japan claims the southern half
of the Kuriles chain, altho the
| Russians have occupied all the
; island group since World War II.
j The Japanese sources said their
government feared inclusion of
! the islands in the plan for inter
j national aerial inspection could
I lead to recognition of Soviet sov
; ereignty over the disputed area.
The latest aerial inspection pro
gram was submitted to the U.N.
disarmament meeting in London
Aug. 2 by U.S. Secretary of State
John Foster Dulles.
Fine Job Printing at The Nugget
progress, the President was meet
ing at the White House with Re
publican congressional leaders.
The President talked by tele
phone to Mrs. Eisenhower Mon
day night and again yesterday
morning before her operation. He
visited her yesterday afternoon.
Press Secretary Hagerty said
he was not able to describe the
actual nature of the operation be
yond saying it was for a “benign'’
condition, that it was not a tumor.
Hagerty said it had been known
for some time that the First Lady
would require surgery. He added
that it was not an emergency op
eration and that Mrs. Eisenhower
had not been in pain.
Her son, Maj. John S. Eisen
hower, and his wife spent most of
the night at the hospital.
Mrs. Eisenhower returned Sat
urday from a week’s visit to Den
ver. She appeared to reporters
there to be feeling well, but was
accompanied on the trip by the
White House physician, Maj. Gen.
Howard M. Snyder.
In Denver she took part in a
ceremony dedicating the new
Mamie Doud Eisenhower Park.
The ceremony was cut short in
order to save the physical strain
on Mrs. Eisenhower on an exr
tremely hot day.
Until Further Notice
CHERRY’S
NEW BARBER SHOP
will remain open
UNTIL 8 O'CLOCK
WEDNESDAY NIGHTS
i
UNTIL 7 O'CLOCK
SATURDAY NIGHTS
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Dry Cleaners
and
Laundry
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and
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Telephone Main 113
SEATTLE PICKS QUEEN
FOR SEAFAIR ACTIVITIES
SEATTLE, iff)—Sandra Marie
Teslow, a blue-eyed brunette, was |
chosen last night as Seattle’s 1957 J
Queen of the Seas to rule over the
city’s Seafair activities for the |
coming year.
Miss Teslow, 18, was entered in j
the contest as a representative of!
the Professional Photographers’;
Assn, of Washington.
, ,
Subscribe io ihe Rome Nuaaei
WE HAVE
CLOTHING FOR COMFORT
Down-filled Parkas if Insul
ated Bools & Shoes if Ther
mal Underwear * Shoepacs
ARMY SURPLUS
Alpaca Parkas. Jackets and
Liners if Cots ★ Mattresses ,
Large Gunny Sacks - 50# ea.
| THE TRADING POST
ARCTIC OIL DELIVERY
Why Worry ? — Call us and Relax !
Residence Office
Main 52 Black 76
WE CHECK YOUR TANK REGULARLY
Success Usually Begins With Saving.
And Saving Begins With a Plan at the
MINERS & MERCHANTS
BANK OF ALASKA
NOME, ALASKA
WE WILL BUILD NOME WITH YOU
Guaranteed Lang and Olympic
Dependabi. Ranges
Fuel Serviee Heaters
LP Gas stove parts
and Appliances AND REPAIRS
Main 152 Quaker oil
GREEN’S
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COME TO THE
^ Italian Dinner
m Night
SERVED FAMILY STYLE
at the
NORTH STAR DINING ROOM
SATURDAY, AUG. 10, 6 TO 10 P.M.
★ / '
Call Main 160 — For Reservations v
\ *