Block · one region of the page, as the scanner read it. It may hold a whole story, part of one, several, or an advertisement; stitching blocks into articles is the next step. Text is supplied OCR.

Page 7 · column 3 of 6 · from the scan, no model involved

The clipping this text was read from
The clipping this text was read from

Oliver S. Powell, member of the Board of Governors of the Federal Reserve System, said this week: “The contribution iwhich the Voluntary Credit Restraint Program has made to stabilization is not measurable in dollars, but the cumulative effect of the restriction of credit to essential purposes is clearly evdent. .. . The program has been an important factor in holding prices level during the year.”

“Eternal vigilance is the price of liberty,” Mr. Brown said. “But eternal vigilance also has a bearing on the price of a cut of round steak. The bankers of America are Agoing to Temain vigilant in an effort to help keep prices down.”

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