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Aiken Standard in Aiken, South Carolina

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Newspaper

Aiken Standard

Location

Aiken, South Carolina, United States of America

Date

May 20, 1985

Page

12

Joye Cottage Sale Draws Crowd and Comments on Value

The Joye Cottage estate sale in Aiken drew buyers as plans for the five acre property and its furnishings unfolded. Cindy Baker bought a table, Terry Rouillard snagged two metal washstands, Raejean Winans chose an oak dresser, and many expressed satisfaction with pricing amid high inflation. Robert Lennon of Washington, D C praised the event and the Whitneys legacy while noting pieces like 1770 Chippendale chairs priced around 1000 dollars.

Cindy Baker Aiken Terry Rouillard USC Aiken Hilton Head Island Raejean Winans Pat Koelker Lennon Whitneys New York Houston Joye Todd Cole Allison Wade Atlanta Doris Chesser Eulalie Salley & Co

Pickens House Sold To Developer For Condominiums

Aiken developers buy Pickens House near Gregg and Richland Avenues from the Salley and Carr heirs. The 5,000 square foot home will be renovated into a clubhouse with a resident manager cottage and caretaker cottage. Five open condo areas will be built on former horse exercise lots while preserving trees and surrounding scenery.

Pickens House Satcher Ford Gregg and Richland Avenues Bolton Hunt Aiken Julian B. Salley Salley Rutledge Carr Salley Ms. Carr Eulalie Rutledge Salle

Supreme Court Rebukes The Nation In Ford Memoirs Case

The Supreme Court ruled 6 to 3 that The Nation illegally printed excerpts from former president Ford's memoirs before 1979 publication. Justice O Connor said the magazine exceeded reporting and exploited expressive elements, violating copyright law and awarding Harper and Row and The Reader's Digest $12500. The Nation argued news reporting protection, but the court rejected that claim.

Washington Supreme Court Ford The Nation Magazine Harper and Row Reader’s Digest Association Sandra Day O’connor the Nation Nation Justice O’connor

IRS prioritizes refunds 1500 or more to curb interest

The IRS moves to expedite refunds of 1500 dollars or more as June 1 approaches, using manual processing for larger sums. Spokesman Wilson Fadely says smaller refunds won’t be delayed and notes the system’s prior computer glitches and regional delays, especially in Philadelphia. He warns penalties could reach millions.

Washington Internal Revenue Service IRS Wilson Fadely Fadely Penn Federal Treasury

Personal Income and Spending Rise in April Amid Shifts

Personal income rose 2.9 percent in April while spending shifted toward durable and nondurable goods. Durable goods buying jumped by 4 billion after a 4.3 billion drop in March. nondurable goods rose 7 billion after a 3 billion March decline. Wages and salaries climbed with private gains of 6.7 billion in April and government wages up 4.8 billion. Postal wage retroactive pay boosted government income, farm proprietors’ income increased 2.9 billion due to subsidies, and the saving rate jumped to 5.9 percent as consumer spending reached 2.466 trillion annually in April.

Postal Service

Three Big Banks Cut Prime To 10 Percent

New York banks including Morgan Guaranty and Chemical Bank cut their prime rate to 10 percent, following Bankers Trust. Citibank and Chase Manhattan joined after the Federal Reserve cut its discount rate to 7.5 percent, the lowest in over six years, citing steady industrial output and strong dollar trends.

New York Morgan Guaranty Trust Co Chemical Bank First National Bank of Chicago Bankers Trust Co Citibank Chase Manhattan Bank Federal Reserve Board

Also Mentioned on This Page

Photo By Tony Rhoden Joye Cottage IBM Central Ave Augusta Philadelphia District of Columbia Maryland Delaware Pennsylvania Admiral Home Appliances Co. Ft SESS Admiral Admiral Party General Electric Wine Cellar Varicold Laurens
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