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December 23, 1951

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Headlines from December 23, 1951

Factory Adds Third Shift

By Unknown Author

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TAXES HOLD DOWN EARNINGS OF BANKS; Net Profits Are Only Steady Despite Peak Deposits, Loans and Rising Interest Rates Hopes Pinned on Study TAXES HOLD DOWN EARNINGS OF BANKS Deposits Also Rising Impact of Taxes

By George A. Mooney

With total deposits and loans by banks at the highest levels in history, and interest rates rising at the year-end to a seventeen-year peak, bank operations during 1951 provide a contradiction. Net earnings are merely steady, and so far reflect little or none of the heavy expansion in the volume of bank business transacted.

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MURPHY'S REFUSAL DELAYS 'CLEAN-UP'; Truman Still Seeks Top Man for Inquiry--Grunewald Faces Contempt Action MURPHY'S REFUSAL DELAYS 'CLEAN-UP' Mentioned in Testimony Aid to Democrats Listed

By Paul P. Kennedy Special To the New York Times

reptdly refuses to head comm

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WRIGHT TRIUMPHS IN 7-MILE SKI RACE; Beats Merrill by 50.4 Seconds at Franconia--Janie Rupp Wins Women's Event WRIGHT TRIUMPHS IN 7-MILE SKI RACE

By Frank Elkins Special To the New York Times

FRANCONIA, N.H., Dec. 22-- Robert (Rainbow) Wright, ski coach at Paul Smith's College, near Saranac Lake, N.Y., today defeated a field of forty-five in winning the preseason seven--mile cross-country race at Cannon Mountain.

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TAX RULING BASED ON PRACTICALITY; Decision of Tax Tribunal Is Viewed as Applying Law Sensibly as to Reserves PENALTY LEVY IS BARRED Providing for Renegotiation Needs Held a Necessary and Sound Business Move Decision Is Hailed Penalty Not Intended TAX RULING BASED ON PRACTICALITY

By Godfrey N. Nelson

Articles

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1951Anthony Phillips, English guitarist and songwriter^[†]

Anthony Edwin Phillips is an English musician and composer who gained prominence as the original lead guitarist of the rock band Genesis, from 1967 to 1970. He left in July 1970 and learned to play more instruments, before he began a solo career. His departure from Genesis on the eve of the group's breakthrough to mainstream popularity has led him to be dubbed "the Pete Best of progressive rock".

Historical Context for December 23, 1951

In 1951, the world population was approximately 2,543,130,380 people^[†]

Headlines from December 23, 1951

Factory Adds Third Shift

TAXES HOLD DOWN EARNINGS OF BANKS; Net Profits Are Only Steady Despite Peak Deposits, Loans and Rising Interest Rates Hopes Pinned on Study TAXES HOLD DOWN EARNINGS OF BANKS Deposits Also Rising Impact of Taxes

MURPHY'S REFUSAL DELAYS 'CLEAN-UP'; Truman Still Seeks Top Man for Inquiry--Grunewald Faces Contempt Action MURPHY'S REFUSAL DELAYS 'CLEAN-UP' Mentioned in Testimony Aid to Democrats Listed

WRIGHT TRIUMPHS IN 7-MILE SKI RACE; Beats Merrill by 50.4 Seconds at Franconia--Janie Rupp Wins Women's Event WRIGHT TRIUMPHS IN 7-MILE SKI RACE

TAX RULING BASED ON PRACTICALITY; Decision of Tax Tribunal Is Viewed as Applying Law Sensibly as to Reserves PENALTY LEVY IS BARRED Providing for Renegotiation Needs Held a Necessary and Sound Business Move Decision Is Hailed Penalty Not Intended TAX RULING BASED ON PRACTICALITY

Notable Births

Historical Context for December 23, 1951