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Abilene Reporter News Newspaper Archives Apr 21 1968, Page 2

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Abilene Reporter News (Newspaper) - April 21, 1968, Abilene, Texas J a the Abilene reporter news a by Abilene Texas sunday morning april 21, 1968 thu official to address Mcm grads or. James m Nudy Chancellor of Texas Christian University will deliver the commencement address at the Spring graduation exercises of a v Murre College on May 27, for it silent cordon r. Bennett h noun cod a a % v v duri commencement Cere two prominent met to Khab d to will he awarded honorary r. My degree Quot. Receiving the we not or doctor of humanities. E w 11 be Basil Edwin Ryan Elpaso businessman and in her of the Mcmurry b a re of trustees. The honorary d it f r f divinity degree will be a re a the Rev. James Han cd Cates minister of a Bun methodist Church in Elpaso i commencement speaker u named Chancellor of thu a a a Chancellor 19�. The first graduate of the c0uege in Wilson n. C., for four University and native born years returning to thu in 1957 1 Xan to hold the position. As Dean 0f the graduate school after Early rearing in Green and professor of religion. In a vile. He graduated from major administrative met Kuloy technical High school reorganization in 1963, or. Washington i. C., and was Moudy became vice Chancellor employed in the us. Treasury for academic affairs assuming department for six years before supervision of the Scholastic i entering Sci in 1939 to prepare work of All divisions. During the for the ministry year prior to beginning work As Active in Campus activities he Chancellor he served As exec a revived his a degree a with Tive vice Chancellor d net Send in 1943 and during his leadership to Cut a immediately went into the u s program of advanced studies chaplain or. Moudy was reorganized and expanded served with combat units in first programs leading to the Enel and and Europe until 1946 . Degree were inaugurated v n he was discharged and pop it degree were inaugurated r turned to thu for Seminary has rapidly expanded study. After receiving his by a member of University d. Eree in 1949, the thu chief Christian Church and the fort i Yeutive was awarded a Worth rotary club he has Kearns Fellowship in religion travelled extensively in Europe f r doctoral work at the univer in 1964, he was awarded the where he won i Quot pm d honorary . Degree by Down a in 1953 and was elected Atlantic Christian College. T Phi Beta Kappa i or. And mrs. Moudy the he served As Dean of in former Lauritzen of fort a to nil Ion at Atlantic Christian Worth have two daughters. A me buyer is i Calm of ruling by Joseph r. Coyne related store a be 5- associated press writer Miatta Sior it. G. A Washington a the hot using Industry and the Poten Strain a one government source tial Home Buver apparently said of higher taxes and Senri and t suffer the most in the cuts a perhaps this m we Quot to anti inflationary credit Bave happened crackdown by the Federal re the White House said the serve Board move underscores the need for an Industry source said Satur the surcharge while the re Day the newest Brake on credit serve Board chairman William conceivably could Lead in time Mcchesney Martin jr., said the to another recession in housing nation is now in its worst Finan and push already High interest Cial crisis since 1931. I ites on Home mortgages even the question of higher taxes a Gher. Will be the major Issue before a a it very very discourage House leaders when they return ing a a he said but added the of work on monday after an Board appeared to have Little easter recess Choice in View of the refusal of one government analyst noted Congress to approve higher tax that the Federal Reserve has. Said time and time again that it thursdays action by the fed would prefer higher taxes and or 1 Reserve raising its discount spending cuts to tighter Money i the from 5 to 5.5 per cent is As a by it a against inflation but More than a tightening of the it Felt it could not go any longer credit reins. Its also a signal to without some additional Check. Congress that the Board wants response to the boards move action to increase taxes and Cut was almost immediate As major pending. Banks raised their prime inter. 11 Hutton Finai up Cost rates from 6 to 6.5 per cent if there had been Fisca charge made by the Banks on Loans to their most to Sarh amp re of credit worthy customers usual Ivy Ulivi j in Dpi by Large corporations. M the discount rate is the i rom landia aies charge commercial Banks must pay when they borrow Money the three candidates for state from be Federal Reserve. All Rosenl Atlee places 1 and 2,�,her interest rates Are scaled a Rice 62. Discussed their upward from it. I informs at a saturday even before this week s a morning breakfast in Wyatt s a Ion commercial Banks general. A Felerta for the Abilene a it Quot a re feeling the Pinch of a f a e a r n n m t p a r h e r s heavy demand for Loans. A ssi 0 0 m teachers finance Home generally has been available i his five teachers and guests s0 Jar this year a though inter h Ard rep f rank Calhoun rep. Is rates have climbed to record Grant Jones and Ron wedding r Levels. Rates in ton speak As part of pee is of 7 per cent now prevail a pea hers in politics weekend. In Sorne sections of the nation mrs. Jews 11 Harris Acta an rend War g0 up legislative chairman was in Industry source said the charge of the program assisted housing picture should remain a Joyce Lindsay vice fairly go for another month or president. Two under existing Circum also on the program was stances but a deterioration can Charles Hamilton director of be expected after that. Sate teachers association who he anticipates a rapid switch n viewed the to Star a position on 0f Money from savings accounts m1ure Legi lotion and discussed to investments paying a higher t cements of gubernatorial interest a condition which candidates concerning to Star a marred the housing picture Dur legislative proposals. Ing 1966 and caused a virtual recession for the Industry. Mon h. In. A a to. Gay deposited As savings is used i i ii it r i ill1 r to by Banks and savings and loan i Uii Uii 1/ u uii1 in associations to finance Morl gages. In an attempt to minimize the following proceedings were hed in Impact on housing the Board gave commercial Banks Permis Fri re a a. Horn., c.1 Sion to raise their interest rates h Reu j i Moi on a or Extension As much As 6.25 per cent to v t a amp sofa attract savings but Only on cermiwlin11 or Tif Cates of Deposit of $100,000 or r./,� merchandise v Craig h tips Rev joint motion for Extension of t v beefs Taylor savings and loan associations a vow fan Ark Warat v Homer c the largest single source of m Quot h a amp Job 4 motion for Extension l in in in nov Fin not Prim y v 1 f Iees briefs. Dallas mome Ioan Plonty Quill cull a rown company v Pete with Banks for deposits this a Noh reys or motion for Extension of �?z�?zi., r time to flt in briefs to Dynof. Large Banks still can pay Only j Quot to swy via Supply comp0. 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