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Mason City Globe Gazette: Wednesday, July 11, 1962 - Page 1

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   Mason City Globe-Gazette (Newspaper) - July 11, 1962, Mason City, Iowa                             North Iowas Daily Newspaper Edlttd for MASON CITY GLOBEGAZETT E The HOME EDITION VOL 102 newspaper that makes ail North lowans neighbors Pres Md Intension Full wire MASON CITY IOWA WEDNESDAY JULY 11 1962 lOc a Paper Consists of Four No 131 Dividend tax bill defeated 50000 at I work on 1 Wai I St Spawns many heart attacks By KEVIN PELLEY WASHINGTON 50000 men and women go to work on Wall Street every morning but only one man calls it home at night The financial heart of the United States is a narrow can yon of a thoroughfare with tow ering banks law offices brok erage houses and one handsome fivestory residence made of wood The street now flanked by steel and stone skyscrapers got its name from the mud wall which Dutch Gov Peter Stuy vesant built in 1053 to keep the English out says the National Geographic Society More than 300 years ago the Dutch settlement of New Am sterdam at the southern tip of Manhattan Island was mostly farmland A brushwood fence kept the cows in When the town was threatened by British invasion the Dutch reinforced the fence with an earthen wall and palisade Wall Street fol lows that old fortification from the East River to Trinity Church In its youth Wall Street was a center of fashion and the orig inal Great White Way It was one of the first publicly lighted streets in the Nation Captain Kidd lived in the elegant neighborhood as a re spectable merchant and ship owner before turning pirate On April 30 1789 George Washington took the first presi dential oath on Wail Street and formally established the United States government Congress gathered there The executive and judicial depart 7ncnts were organized The Bill of Rights was adopted on Wall Street The New York Stock Ex change began in 1792 when 24 beaverhatted merchants and auctioneers gathered under the shade of a buttonwoocl tree to buy and sell stocks and bonds At the end of the 19th century brokers were taking orders from their telephone clerks who signaled from windows over looking the market place The brokers wore distinct ively colored plumed hats and gaud ily striped so that their clerks could spot them in the crowd Transferred indoors the exchange remained a strange scene of business tumult and excitement wilder than any thing in Europe according to an early guidebook The street has had scenes of celebration and alarm and a procession of characters more colorful than any stage It has experienced fires explosions fiscal catastrophe panic in vestigations robbery and curses It has survived all like a cat with 99 Jives Although the public associates Biack Tuesday Oct 1929 with bankers leaping from Wall Street windows statistics show that more New Yorkers com milled suicide in the preceding boom months of summer than flaring the period of the Great Crash x Today however 60 per cent of all patients admitted to the Wall Street hospital are vie tims of heart ailments Wall Street one of the most congested streets in the world by day is all but deserted at night There is only one private residence on the street The owner claims that the climate is cooler in summer and warmer by 10 degrees in winter than on any other street in New York PAINTINGS STOLEN LONDON WThe theft of 35 paintings valued at from a private art gallery was discov ered Wednesday Photofax UNDERWATER Baldasare 38yearold Florida film producer gets an cnthus jastic hug from his German fiancee Friederike von Bern hardi Munich as he emerged from the water at end of the first underwater English Chan nel swim Guided by a cage 15 feet beneath the surface Baldasare completed the 22 mile swim from Calais France to Sandwich Bay England in 18 hours and one minute The cage was towed by a motor boat and Balda sare in a frogman suit breathed from oxygen bottles N ews in a utshell seen in the US FROM OUK WIRE SERVICES x Yank on trial BERLIN Robert Mann an American uni versity student went on trial behind closed doors in Communistruled East Berlin Mann 19 is charged with violating an East German law which carries a penalty of from one to 15 years hard labor for anyone luring people from the Redruled state to the West JFK mobbed than 2000 foreign stu dents shouted cheered and practically mobbed President Kennedy on the White House south lawn Negroes jailed ALBANY Ga Two Negro leaders jailed in racial unrest and facing hard labor on the city streets began a 24hour fast Dr Martin Luther King Jr and the Rev Ralph Abernathy inte gration leaders were convicted of violating an ordinance forbidding pa rading without a permit Berlin talks Sec retary of State Dean Rusk set up a new US Soviet exploratory talk in the long search for a Berlin settlement form ula He made a date to see Ambassador Anatoly Dobrynin late Thursday On the inside Society News Pages 101112 Editorials 14 North Iowa News 16 Sports 1920 Clear Lake News 2223 Latest Markets 28 Mason City 282 Comics 30 A setback for JFKs program 105 vote by committee FROM OUK WIRE SERVICES WASHINGTON The Senate Finance Committee voted 105 o kill the administrations plan or compulsory withholding of ncome tax on income from dividends and interest Chairman Harry F Byrd DVa who opposed the with holding proposal announced the decision after a twohour closed ommittce meeting The sen ators are working on the ad ministrations overall tax re vision bill The withholding feature was a key part of the administra tions measure and also the most controversial It would have required 20 per cent of all dividends and interest to be withheld for federal income tax at time of payment However administration forces are expected to make a stiff fight on the senate floor to restore the provision to the tax revision bill which has been passed by the house The committee vote was 105 Five Democrats joined five Re publicans to knock the proposal out of the overall tax bill All five who voted for it were Demo crats President Kennedy considers the proposal one of the most important features of his over all tax reform package The committee however did unanimously adopt a provision to require corporations and sav ings institutions to notify the government of ail dividends and interest paid in excess of The administration has said that passage of the reform bill this session would pave the way for a broader tax revision meas ure next year including across the board lax cuts But some groups in and out of Congress want to cut taxes now Kennedy meanwhile signed into law a bill which may mean a revolution in the viewing habits of television fans all over the country The radical change significant increase in the number of television the expected effect of a law which means future sets must receive 82 rather than 12 chan ncls Under the legislation the Fed cral Communications Commis sion FCC is authorized to re quire that all sets sold across stale borders shall receive both the 12 very high frequency VHF channels and the 70 ultra high frequency UHF channels It is estimated that only 9 mil lion of the nations million sets arcnow equipped to receive both UHF and VHF broadcasts The law is expected to give a boost to he stations now using UHF channels and to prod the industry into making better use ot the higher fre quencies The law is likely lo add about to the cost of TV sets Other developments Aid The House Foreign Affairs committee agreed to fight for a bipartisan amend ment which would allow Ken nedy to continue US aid to Poland and Yugoslavia if he considers this vital to American interests The action was taken behind closed doors in advance of the start of a floor fight on the issue Estes A witness told Sen ate investigators that an of ficial who died under myster ious circumstances had warned a Texas agriculture committee that Billie Sol Estes was abus ing the cotton allotment trans fer program The testimony cjncerning the lale Henry II Marshall came from Baldwin P Davenport former chair man of the Texas State lurc Stabilization and Conser vation Committee under the Eisenhower administration INSPIRING SIGHT IN U Oakey 5 Koanoke Va snaps off a sa lute as a picture of the American flag transmitted by Telstar satellite ap pears on the TV screen of his home in the first test of global television and in France TELECAST FROM SPACE IN Photofax sent from Andover Maine amplified by rnu 1 I his is the picture seen on the satellite and then picked up by a French television screens as transmit French repeater station at Pleumeur ted from the U S by the Telstar com Boudou munications satellite The image was Telstar is success A new voce ears and eyes for world NEW YORK AP Telstar Americas chatterbox new satel lite zoomed through lonely space Wednesday on its pioneering mis sion to bring the world a new voice ears and eyes In triumphant baptism Tuesday night it sent television pictures spanning the Atlantic to France and England as well as into US homes It relayed a telephone cal from Maine to Vice President First call cost cool million NEW YORK ffVThe Ameri can Telephone Telegraph Co spent million to put the Tel star satellite into working orbit So Tuesday night when Pres ident Frederick Kappel picked up a telephone to place a call via the satellite a Bell Tele phone operator cooly suggested Deposit four million dollars please Ultimately telephone calls to foreign lands via communica tions satellites will probably cost less for three minutes of ficials predict than present for three to European cities via subma rine cables Lyndon B Johnson in Washingreous television from abroad wit ton as loud and clear as the best the brief reward comine afte of local calls i a m Then for an encore the versatile Tclstars first feals were a pro a yard demonstration of things to liineously transmitted news storicomc in a future worldwide satel ies at a 1000wordaminute clipJMe communications system to relayed photographs perfectly jmeet mounting demands for tel and sulied twowa tl ephone news business and tele Huge crater after Atest HUM OtR WIRE SKKVICES NEVADA TEST delayplagued back ard nuclear testing program boomed back into gear Vednesday with an underground shot which charred desert crater and sent debris and a fireball high nto the sky An atmospheric companion blast originally slated in a back oback display of weapons testing was put on a 24hour hold or the fifth time The shot now is set for Thursday The Atomic Energy Commission AEC triggered Wednes ays lowyield charge from its shallow resting place a few feet cneath the rocky soil at midrnorning as the mercury climbed oward the 100clegree mark A cloud rose from the blast area in the shape of an ice ream cone when the device was triggered then began to break as it reached an altitude of several thousand feet and drifted northward over the test site Most of the radioactive parti cles produced by the detonation the AEC said fell back to earth close to the crater North Iowa Partly cloudy through Thursday Cooler Wednesday night low in low 60s High Thursday in mid 80s owa Partly cloudy through Thursday with widely scat tered showers or thunder storms mostly in southeast and extreme south Wednes day night Cooler Wednesday night lows in the 60s Highs Thursday in the 80s Further outlook Scattered thunder showers with little tempera ture change Friday Fiveday Iowa Temperatures will The explosion equal to 20000 tons of TNT or less was an im pressive sight from where news men viewed it atop a mountain 30 miles away It was the 42nd underground explosion since the US resumed nuclear testing on Sept 15 1961 In the Pacific the United States fired another airplanedropped nuclear test device the second in two clays The blast the 27th an nounced by the government since the series began last April 25 was described as in the low mega ton yield range a force equiva lent to from one to several mil lion tons of TNT An intermedi average 2 to 4 degrees below normal with only minor daily changes Thursday through next Monday Normal highs are in the middle and upper 80s and normal lows in the 60s Rainfall will average 50 to 75 of an inch in scattered showers and thunderstorms throughout the period ate range test device was fired Tuesday in another airplanedrop Minnesota Mostly fair warm er Highs Thursday near 90 GlobeGazette Weather Data up to 8 am Wednesday Maximum 90 Minimum 59 27 reduction in Iowa marriages DBS MOINES W Iowas new laws to discourage quickie marriages and raising the mini mum age limit are believed re sponsible for a 27 per cent re duction in the number of mar riage licenses in the state dur ing the first four months of 1962 The 4451 licenses issued were 1640 fewer than during the same period last year state showed Wednesday j The threeday waiting period and minimum age laws went into effect on July 4 1961 DAMAGED BY FIRE WATERLOO UPI Porkys Ranch House restaurant on US i218 between Waterloo and Cedar Falls was heavily damaged by fire jearly Wednesday est At Washington meanwhile in former US officials believe the Russians still are a long way from achieving a combat ready antimissilemissile system They are not disputing that the Russians may have de veloped an antimissile rocket as Soviet Premier Khrushchev claimed Tuesday But they stress that development of such a rocket is only not he most difficult the problem of fashioning a com plete antimissile system One of the biggest as the United States has found in its work with the Nike Zeus antimissile to per fect radar that can discriminate between oncoming warheads and decoys sent out by an enemy to confuse and foil the defenses One official familiar with in telligence reports said the Rus sians have been emplacing large numbers of fairly powerful radar units but that this radar is believed able to reach no higher than perhaps 100000 feet and apparently is part of de fenses against manned bombers SUICIDE AT 103 NEW YORK UPI At the age of 103 retired tailor Max Kastenbaum apparently decided he had lived long enough Kas tenbaum was found hanged in his appartment where he lived alone and police listed the death as a suicide and supplied twoway telephone calls with perfect aplomb from a 3000mile height in space Remarkably clear television pictures were received in France and were to be relayed by tape into French homes Wednesday French television officials vision circuits spanning oceans and continents Praising his joint venture of private industry and government Telephone Tele graph Co footed the entire million cost of building launching and tracking Telstar Newton sCommission French time which is six hours ahead of New York in Eastern ovf wc havc incrcaseci oppor Standard Time jtnnity to increase the flow of in formation among ali nations to Space call drab but still momentus several views of Paris and h ful message from Jacques Marette avoid mass destruction French communications minister In Britain faint and fleeting A Paris dispatch said this would include a song by Yves Mont and surmount the walls of ignorance and prejudice and to use mass to pictures were picked up as Tel star received amplified and re radiated the program beamed into space from a powerful horn antenna in the little town of An duvcr Maine The first telecast Telstar was designed and built by the Bell Telephone Laborator ies Only for 12 to 15 minutes on some of its orbits each day will Telstar be in line of sight vision between Europe and Maine to per SAME DATEW1311 Wl JdC1 J I JL lit 1 I I O t ttj HJtTtiSl ATJ4II via space opened with viev ofm1 television exchange the American flag rippling in the breeze British viewers stayed up late for the great event of instantan Bulletin WASHINGTON space agency Wednesday permanently grounded Mer cury astronaut Donald K Deke Slayton because of a persistent heart flutter But one plan calls for launch ing a series of 30 to 50 similar repeater satellites so that one or more always would be in position for relay of television telephone calls photo or story and message transmission Ultimately the instantaneous continuous circuits might be pro vided by three satellites orbiting 23500 miles high so they appear to remain stationary over the 1 same points on earth tclstars task is first to prove the capabil ities and help determine what problems still lie ahead ANDOVER Maine LTD The first telephone message re layed back from space by he Telstar communications satel lite was historically momentous but conversationally drab No one could blame Frederick R Kappel of for being slightly nervous His words were being pulsed some 3000 miles into space from the An dover Maine station Then weakened by the trip they were amplified 10 billion times before the return trip to earth His firm had spent some S50 million to develop the satellite and paid the National Acronau lics and Space Administration million to launch it And figuratively the whole world was listening Vice President Lyndon son on the other end of the line in Washington was receiving from space but replying along conventional land lines Good evening Mr Vice President Kappel began ten tatively Then as hough the vice president hadnt known This is Fred Kappel talking calling from the earth station Andover Maine The call is being relayed from our Tclstar satellite as I am sure you know How do you hear me Johnson You are coming through nicely Mr Kappel Kappel Well thats wonder ful Since you are also head of this space council Mr Vice President I suppose you have been following with consider able interest the activities to day which resulted in this call the first telephone message in the world as a matter of fact over an active satellite Johnson had Then the principals warmed to their task Johnson as a spokesman for the nation and Koppel for private industry Johnson I am sure millions of havc been proud of this achievement which is another first in our conquest of space Kappel I think the pfloplc of this country arc pleased in this demonstration of coopera tion between government and private industry More superlatives and the parties signed off the most exjensivc phono cal in history with the routine amenities Kappci Good night sir Thank you a great deal Johnson Thajjlc you   

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