The Wood County Record (Mineola, Tex.), Vol. 25, No. 42, Ed. 1 Tuesday, January 17, 1956 Page: 2 of 8
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PAGE 2
EDITORIALS
JAN. 17. 1956
Russia Reduces Military Budget
An announcement from Moscow tells us that expen-
ditures on Soviet armed forces will be reduced by 8.5
per cent next year. The Moscow Communists say the
money saved by this reduction will be allocated to de-
veloping the national economy.
This announcement from Moscow comes at a time
when it is being revealed that U. S. armaments expen-
ditures are to be increased in 1956. It is estimated that
U. S expenditures for defense may total as much as a
billion dollars more in 1956 than in the current year.
Moscow, of course, will make full propaganda use
of the different trends in the two countries. Despite the
fact that Russia has been spending a very large propor-
tion of its national income on arms since the end of
World War II in 1945, and in spite of the fact that the
United States had not spent large sums, or a large pro-
portion of its total income, on arms until forced to do so
by the Korean War, the propaganda value of the differ-
ent trends in the two countries may have some effect.
Eut, to look at the situation from a different angle,
one can see that the Soviet Union is following a shrewd
cout e, financially. The danger to the Soviet Union is
not that the United States will suddenly attack it. but
that the living standard in Russia and in occupied coun-
tries will remain so low that eventually the Communist
system will disintegrate because of popular unrest.
The latest announcement from Moscow, following
one on the same line about a year aqo. when the Com-
munists reduced their armed forces by 600 000 men.
indicates that the leaders in the Kremlin today realize
that Soviet Russia's battle is one to improve the standard
of living for people in Communist-dominated countries
and areas.
If they succeed in doing this, they will have strength-
ened Communism and the Communist system more
than they could have strengthened it by maintaining
their current rate of military expenditures, at the ex-
pense of economic improvement for the civilian pecu-
lation.
i Tyler Bank Elects
Daniel President
Wilton J. Daniel, executive
i vice-president of the Peoples
National Bank of Tyler, was
elected president by the bank's
directors following the annual
meeting of the bank stock-
holders on January 10.
John M. Stephens, retiring
president, was elected chair-
man of the board of directors
replacing S. A. Lindsey. Steph-
ens will serve as an active offi-
cer and continue as advisory
counsel to the administrative
heads. Stephens' appointment
came after 40 years of service,
nine of which he served as
president.
Daniel. 54. is a native of Dal-
las and a graduate of South-
ern Methodist University. He
was captain of the first SMU
Southwest Conference cham-
pionship football team. His
grandfather. Isaac Webb, estab-
lished the fivst Methodist
Church in Dallas known as
Webb Chapel, now known as
Cochran’s Chapel.
Daniel came to Tyler in 1930
where he was general manager
of Gulf State Lumber Company.
In 1942 he became cashier of
the Peoples National Bank and
was chosen vice-president in
1944. A Mason, a Shriner and
an active civic leader. Daniel
received the T. B. Butler award
for the outstanding Tyler citi-
zen of the year in 1943.
A further change announced
by the board of directors was
the appointment of Walter H.
Adams as vice-president in
charge of the personal loan de-
partment.
Alaska has more than 7.000.-
000 acres of national parks, in-
cluding Mount McKinley Na-
tional Park with the highest
peak on the North American
1 continent
J. F. Jackson Trains
In German Exercise
FRANKFURT. GERMANY —
Army Pfc John F. Jackson. 19.
son of Mr. and Mrs. Walter
Jackson of Mineola. recently
took part in a field training
exercise held by the 4th In-
fantry Division in Germany.
Training received by the "Ivy”
division, part of the U.S. Seven-
th Army, includes intensive
maneuvers and realistic field
problems.
Private First Class Jackson, a
squad leader in the 8th Regi-
ment's Company L. entered the
Army n January 1955 and re-
ceived basic training at Fort
Ord. Calif. He arrived in Europe
in June 1955.
Jackson, a 1954 graduate of
Mineola High School attended
Tyler Junior College.
Oak Farms Names
Local Representat
Appointment of Bruce Furrh
as route supervisor for Oak
Farms Dairies was announced
today by John Shurtleff of
Longview. East Texas division
manager for the dairy.
An Oak Farms employee since
1952. Furrh was a Dallas route
salesman for the dairy before
his promotion. In his new post,
he will supervise Oak Farms
salesmen in Mineola. Tyler. Ath-
ens, Greenville. Wills Point,
Kaufman. Sulphur Springs,
Quitman and Winnsboro.
A native of Wills Point, Furrh
was graduated from Tej^s A&M
College in 1949. He is aveteran
of two years in the Marine
Corps.
Furrh. his wife and two chil-
dren live in Wills Point.
THE WOOD COUNTY RECORD
Published each Tuesday in Mineola. Wood County, Texas, by
the Wood County Publishing Company. Entered at the Post Office
at Mineola. Texas as .second class mail matter under the ActC“^
Congress, March 3. 1879.
Any erroneous reflection upon the character, standing or rep!
tation of any person, firm or corporation which mav appear in
the columns of this newspaper will be gladly corrected upon due
notice being given to the management at The Record Office,
Mineola, Texas. However, the management reserves the right to
reject any article or manuscript submitted for publication.
Editor & Publisher. S. Neil Harle: advertising manager, C. G.
Burke. Society editor and bookkeeper. Mrs. R. WT. Lowe: shop
forman. Jimmy Baldwin: linotvpe operator. R. W. Lowe: printer
and compositor. Vestal Wells: stereotyper. Robert Blaekstock.
(it<• first time on Ti>levision
Mister Advertiser____
cSa .c£5?uG»55i
4i uri
si THE sss, RECORD
1 Goes Everywhere
the Monitor goes
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THE COUNT OF
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FAITH DOMERGUE
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BOTH PAPERS GO
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TION PRICE:
$2.25 A YEAR
in Wood, Smith and Van Zandt Counlies
$3.50 Elsewhere
YOUR AD LOOKS
TWICE AS LARGE
in The Record
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Dunns' yre.it classic comes to the TV
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Harle, S. Neil. The Wood County Record (Mineola, Tex.), Vol. 25, No. 42, Ed. 1 Tuesday, January 17, 1956, newspaper, January 17, 1956; Mineola, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1140259/m1/2/: accessed June 30, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting Mineola Memorial Library.