Johnson defends economy as Truman warns on rates
President Johnson counters former President Truman by saying high interest rates reflect strong demand and a buoyant economy. He argues recession risk is overstated and calls for restraint on inflation without relying solely on rate hikes. Truman warns persistent high rates could depress the economy and burden governments and consumers.
MENTIONED IN THIS ARTICLE
Johnson
Harry S. Truman
Truman
Lawmaker Debate Shapes Interest Rate Bill in House
House members rally around President Truman as Speaker McCormack and Senators endorse his warnings. The Rules Committee considers a bill capping bank deposit rates at four percent for deposits up to 100000 dollars to curb competition with savings and loan associations and aid home construction finance.
MENTIONED IN THIS ARTICLE
House
John W. McCormack
Truman
Young
HST
Stephen M. Young
Ohio
Wright Patman
Texas
House Banking Committee
House Rules Committee
Johnson-Truman Exchange
Savings and Loan Associations
Race Tensions Roil Northern Midwest Cities
Bands of Negro youths roamed Benton Harbor and other areas as unrest spread north along Lake Michigan. Police in Waukegan and Milwaukee suburb Waumatosa curfew enforcement led to arrests, including whites and a Puerto Rican, amid curfew violations and clashes during a week of rioting and demonstrations.
MENTIONED IN THIS ARTICLE
Associated Press
Benton Harbor
Midwest
Meredith Rynearson
Michigan
Waukegan
Ill
Lake Michigan
Milwaukee
Wis
Waumatosa
Black Panthers Guard Rally Supporting SNCC Fundraiser
In Harlem, about 250 attendees heard Stokely Carmichael of SNCC urge black unity and independent control of communities. William Epton of the Progressive Labor party and Max Stanford of the Black Panthers spoke at a church event linked to a SNCC fundraiser.
MENTIONED IN THIS ARTICLE
New York
Harlem
New Black Panther Party
William Epton
Progressive Labor Party
Max Stanford
Black Panthers
Alabama
Stokely Carmichael
SNCC
Carmichael
Northeast
United States
Mount Morris Presbyterian Church
Black Panther Party
Meigs GOP Group Forms and Rhodes Visit Announced
Meigs County Young Republicans Club elected Shirley Beegle as chairman and outlined Governor James A. Rhodes planned Sept. 27 stops in Hocking County Vinton County Gallipolis Pomeroy Athens County fairgrounds for an ox roast. Wayne Ward announced the schedule and supporters planned a Welker for Representative caravan.
MENTIONED IN THIS ARTICLE
Meigs Gop
Rhodes
Pomeroy
Ohio
Athens
James A. Rhodes
Wayne Ward
Ohio Department of Personnel
Meigs County
Young Republicans Club
Ward
Hocking County
Vinton County
Gallipolis
Athens County Fairgrounds
Welker
17 Year Old Nelson Lee Missing From Point Pleasant
Mrs. Freda Newell of Point Pleasant Route 2 reports her 17 year old son Nelson Lee has been missing since last night. He is 5 foot 5 inches tall with a broken leg and on crutches, the sheriff's department reports as they investigate the disappearance.
MENTIONED IN THIS ARTICLE
Point Pleasant
Freda Newell
Nelson Lee
Sheriff's Department
Anti-Soviet Demonstrations in Peking Reported by NHK
NHK reports 500000 Chinese demonstrated before the Soviet Embassy in Beijing, continuing from Monday’s rally led by Red Guards. The youth group carried Mao banners and denounced revisionists, with no direct anti-Russian shouts observed. The demonstrations were noisy but orderly, amid apparent diplomatic sensitivities with Moscow.
MENTIONED IN THIS ARTICLE
Tokyo
Peking
Moscow
Red Guards
NHK
Japanese Broadcasting Corp
Mao Tzetung
Racine man killed by cave-in at Gallia County mine
Oliver Bailey, 51, of Racine Route 1, died when tons of dirt collapsed on him at a Clay Chapel strip mine near Raccoon Road in Gallia County around 2 15 p.m. Coroner Dr. Donald Warehime ruled asphyxia. Miners recovered the body in about 15 minutes. shovel operator Albert Ehman said the earth collapsed before Bailey could escape.
MENTIONED IN THIS ARTICLE
Gallipolis
Oliver Bailey
Racine
Clay Chapel
Raccoon Road
Gallia County
Donald Warehime
Meigs Countian
3 R's May Flounder As Teachers Absent
Nationwide AP survey shows a historic shortage of certified teachers across many states including Wisconsin Missouri North Carolina New York and California. Ohio Vermont and others report gaps with science math and language teachers hardest hit as enrollments rise and veteran staff depart for the armed forces or federal programs.
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New York
United States
Associated Press
Wisconsin
Missouri
North Carolina
Illinois
Michigan
California
Pennsylvania
Georgia
Montana
Kentucky
Maine
Rhode Island
Maryland
Minnesota
Nebraska
Oklahoma
Ohio
Miss May Regan
Vermont
VC Harassment Continues In Mekong Delta Attacks
In Saigon, Viet Cong harassment escalated with a failed attack on a U S Navy river patrol boat in the Mekong Delta. The Navy used helicopter gunships for the first time, basing from USS Tortuga as planes flew heavy raids on oil depots and convoys in North and South Viet Nam. One U S F105 was shot down 15 miles northwest of Dong Hoi, listed as missing. Ground fighting slowed. Marine division ended Allegheny operation near Da Nang with 113 enemy reported killed and moderate own casualties. China issued an invitation to guerrillas abroad amid global revolt warnings from Peking.
MENTIONED IN THIS ARTICLE
Saigon
South Viet Nam
U.S
Mekong
U. S. Navy
Navy
Tortuga
North Viet Nam
Panhandle
Dong Hoi
North
U. S
3Rd Marine Division
Ricelands
da Nang
Red China
U. N
Soviet Union
India
Japan
United States
China
Peking People’s Daily
Russell Calls House War Additions Insufficient
Washington reports quote Senator Richard B. Russell criticizing a House Armed Services plan to call up about 190000 Reservists as inadequate. The bill would activate 56000 non drilling Reservists and 133000 others who completed training.
MENTIONED IN THIS ARTICLE
Washington
Richard B. Russell
House
Johnson
Russell
House Armed Services Committee
LBJ Talk Cancellation Sought by Veterans Group
The American Veterans Committee asks President Johnson to cancel his address to the American Legion national convention arguing the Legion remains segregated. AWC cites the district parade as proof and also calls for probes into federal support for veterans groups under the Civil Rights Act.
MENTIONED IN THIS ARTICLE
Washington
American Veterans Committee
Johnson
American Legion
Legion
White House
District of Columbia
AWC
Defense
Robert S. McNamara
William J. Driver
Driver
Newspaper advertising to reach 4.8 billion in 1966
Lipscomb, head of the American Newspaper Publishers Association Bureau of Advertising, told the Dallas Advertising League that 1966 newspaper ad revenue is forecast at 4.8 billion, up 8 percent from last year’s 4.456 billion record.
MENTIONED IN THIS ARTICLE
Dallas
Charles T. Lipscomb
American Newspaper Publishers Association
Bureau of Advertising
Dallas Advertising League
Lipscomb
De Gaulle Warns Vietnam War Could Endanger World Peace
President Charles de Gaulle, arriving in Cambodia, warned the Vietnam conflict could bring misfortune to the world. He urged independence and neutrality for Vietnam Laos and Cambodia with no foreign troops. Cambodian leader Prince Sihanouk reported Thai plotters and heightened security for De Gaulle’s Angkor Wat visit.
MENTIONED IN THIS ARTICLE
Phnom Penh
Cambodia
Charles de Gaulle
Viet Nam
Djibouti
de Gaulle
Angkor Wat
Thailand
Angkor
Siem Reap
Sihanouk
Laos
Indochina
France
New Caledonia
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Pete) Abele
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