Seven Nations Agree to Tighten US Balance of Payments
Governors of Belgium West Germany Italy the Netherlands Switzerland and the United Kingdom joined in a joint statement read by William McChesney Martin. They said American representatives pledged higher taxes and steps to cut the US budget and trade deficits. The group vowed not to supply gold to markets and to curb capital flows to reduce exchange market instability and bolster the British pound with up to 4 billion dollars in credit for UK balance of payments settlements.
MENTIONED IN THIS ARTICLE
Crweet Page LY
Belgium
West Germany
Italy
Nether Lands
Switzerland
United Kingdom
U.S
William McChesney Martin
Federal Reserve Board
London
Seven Nations
Clash between police and demonstrators leads to arrests
A large confrontation between police and anti American protesters erupted in the incident. Dozens were injured and many arrests were reported on both sides as tensions flared. Page four carries the full report.
Vietnam Rangers Halt 400 North Vietnamese Charge at Khe Sanh
About 400 North Vietnamese troops charged from zig zag trenches toward the surrounded U.S. Marine fort at Khe Sanh near the border. Government Rangers counterattacked, smashing the Communist drive on barbed wire and drove them back.
MENTIONED IN THIS ARTICLE
Hortier
Saigon
UPI
Khe Sanh
South Vietnam
Battlefield actions and Vietnamese siege reported near Dong Fort
A front line update describes North Vietnamese troops attempting a dawn assault on a western fort defended by South Vietnamese Rangers. U.S. and allied forces repelled the charge, with heavy artillery and rockets bombarding the position. In Kontum, Viet Cong and NVA rockets and mortars attacked, while defenders reclaimed a town center and thwarted a prison seizure. Allied casualty figures cite 588 killed or reported killed in the weekend battles across multiple provinces.
MENTIONED IN THIS ARTICLE
Kontum
U.S
Demilitarized Zone
Saigon
High Gold Prices Seen After US Restricts Sales
Washington reports the United States will end treasury gold sales for industrial use and stop private market purchases. Domestic users must obtain gold from new domestic or foreign sources, with price now set by open markets and subject to fluctuation.
MENTIONED IN THIS ARTICLE
Washington
UPI
United States
Treasury
U.S
Williams Says Johnson Backing GOP Spending Cut Plan
UPI reports Senator John J. Williams says the Johnson administration supports a Republican plan to cut federal spending by eight billion as a condition for a tax increase. Williams notes approval could come this week with a plan to pair spending cuts and tax hikes with the pending tax bill. House Ways and Means chairman Wilbur Mills pushes cuts matching the nine billion annual tax gain, delaying enactment of the proposal. Budget Director Zwick says eight billion in cuts are planned for the 1969 fiscal year across agencies, excluding direct defense items for Vietnam.
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Washington
UPI
John J. Williams
Johnson
Senate
GOP
Senate Finance Committee
UPL
Wilbur Mills
Williams
Arkansas
Mills
House
Ways and Means Committee
Charles J. Zwick
Zwick
Gustafson
Cauiee
Grandview
Rengle Wan
Robin Gustafson
Marion
Lempi Hautala
Tenlen
Raymond Hautala
Axel Puisto
Joes
Howse Senate Conference Committee
Woodsman Goes Berserk Kills 6 In Wisconsin Michigan Border Spree
A woodsman went on a fatal rampage along the Wisconsin Michigan border. Six people were killed with a .30 06 rifle, including Mrs. Vienna Gustafson and her mother, Mrs. Sally Johnson, plus Mrs. Katherine Rigoni, Dan Weiss, Raymond Hautala, and Rudolph Maurin. Pearson, the gunman, was captured after a second stop at Hautala’s home.
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Ordwood
Wisconsin-Michigan
Big Chowderhorn Mountain
Vienna Gustafson
Nome
Pearson
Gustafson
Sally Johnson
Katherine Rigoni
Ironwood
Dan Weiss
Raymond Hautala
Hautala
Rudolph Maurin
New Zealand Freezes Money Transactions
Auckland New Zealand halted all foreign exchange dealings as officials sought clarity on international monetary conditions. The move pauses currency trading while authorities assess implications for the country’s economy and potential devaluation.
MENTIONED IN THIS ARTICLE
New Zealand
Auckland
UPI
Anthropologists Seek Fremont Indian Village Dig
Fremont researchers led by Mrs. Byselee and San Francisco State College anthropologists seek permission to excavate an Indian village and burial site near Fremont's civic center before construction destroys it. The dig would be a test program using student workers, with six months’ possible jail or a $500 fine for violations.
MENTIONED IN THIS ARTICLE
Fremont Historical Resources Committee
San Francisco State College
Fremont
Bernadette Eyselee
New Civic Center
Washington Hospital
New Capwells Department Store
Bank Chief Hails Gold Sale Halt
Rudolph 4 Peterson president of Bank of America said the halt in gold sales by the United States and six European nations will provide a much needed cooling off period to the world gold crisis. He heads the world's largest bank and spoke after an emergency Washington meeting where seven nations agreed to stop selling gold reserves to speculators.
MENTIONED IN THIS ARTICLE
San Francisco
UPI
Rudolph
Peterson
Bank of America
United States
Washington
South Koreans Pray For Pueblo Crewmen
About 300 South Koreans of the Chondo Kyo sect held a prayer meeting in Seoul for the safety and release of the USS Pueblo crew. Buddhists plan a similar demonstration next Sunday for the 82 men captured by North Korea.
MENTIONED IN THIS ARTICLE
Seoul
Korea
UPI
Pueblo
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