House Debates Interest Rate Limits Amid Economic Tensions
The House Rules Committee clears two proposals to cap certain rates as Patman frames a voters’ question on who opposes high rates. Sen Long ups action to suspend the 7 percent investment tax credit. Barr signals a possible tax rise to fight inflation as FHLB records show July mortgage rates at 6.12 and 6.24 percent.
MENTIONED IN THIS ARTICLE
House Rules Committee
Wright Patman
D-Tex
Congress
House
John W. McCormack
Russel B. Long
Dla
Bank Board
Rules Committee
the Treasury
Joseph W. Barr
Federal Reserve Board
Patman
House Banking Committee
Sylvester Urges Truthful Public Information Policy
Assistant Secretary of Defense for Public Affairs Arthur Sylvester told the Senate Foreign Relations Committee that no government official should lie when sharing information about the country. He said information can be withheld to protect national security and that government programs must not rely on lies.
MENTIONED IN THIS ARTICLE
Arthur Sylvester
Defense
Senate Foreign Relations Committee
Sylvester
J. W. Fulbright
Dark
New York
Sigma Delta Chi
Fulbright
Ter
Defense Department
Viet Nam
Senate
Powell
Democrats Seek Senate Nod To Reduce European Forces
Thirteen members of the Democratic Policy Committee introduced a resolution urging the Senate to back a substantial reduction of U S forces in Europe. Senate leaders Mansfield and Dirksen discussed the move, signaling possible executive endorsement and bypassing committee review after Labor Day recess.
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Senate
Democratic Policy Committee
U. S
Europe
Mike Mansfield
Montana
Everett M. Dirksen
Illinois
Mansfield
Johnson
Executive Branch
GOP moderates hope to gain ground in 1968 elections
Two GOP senators Javits of New York and Kuchel of California urged that moderates can gain strength as 1968 approaches. They cited internal party unity efforts, fund-raising issues, and a shift away from 1964 conservative dominance. Eisenhower met with GOP candidates in Gettysburg to discuss policy.
MENTIONED IN THIS ARTICLE
Washington
Jacob K. Javits
RN. Y
Thomas H. Kuchel
R-Calif
Council of Republican Organizations
CRO
Barry Goldwater
GOP
Javits
New York
Michigan
Pennsylvania
Massachusetts
Kentucky
Eisenhower
Kuchel
Ronald Reagan
California
Reagan
Gettysburg
Dwight D. Eisenhower
Meany Urges Continued imperialism policy at Legion meet
AFL-CIO President George Meany spoke at the American Legion convention urging continuation of imperialism policy and rejecting isolationism as undesirable. He also cautioned against preventive war as a fatal fallacy.
MENTIONED IN THIS ARTICLE
Washington
Afl-Cio
George Meany
The
American Legion
Meany
Two More Boats Sunk By U S Navy In Tonkin Gulf
U S Navy planes attacked two North Vietnamese torpedo boats in the Gulf of Tonkin, sinking one and damaging the other. The strike increased carrier bombers’ tally to three PT boats destroyed or damaged since Monday. Other flights hit a SAM site near Haiphong and reported a downed RF-8 Crusader.
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Saigon
South Viet Nam
U.S. Navy
Gulf of Tonkin
U.S
Vinh
Haiphong
North
North Viet Nam
U.S. Air Force
Marine
Navy
Hanoi
Panhandle
Demilitarized Zone
Market Rebounding Despite Lingering Investor Confusion
The market rose for a second time in 11 sessions with the Dow up 8.24 points to 783.96 as investors weighed high interest rates, Viet Nam, wage and price control risks, and a weak pound. Analysts warned the rally was technical and did not erase underlying weakness. The Dow later edged to 775.72 and the 60-stock average rose 2.5 to 277.1. 710 stocks advanced while 498 declined.
MENTIONED IN THIS ARTICLE
Wall Street
Viet Nam
Mer
Harry S. Truman
Johnson
Dow Jones
Associated Press
East Germans protest Red Guards beating of embassy staff
East Germany filed the sharpest protest to China over Red Guards beatings of German Embassy personnel in Beijing. ADN said two military attaches their wives and a son were pulled from a car and brutalized after police refused to intervene.
MENTIONED IN THIS ARTICLE
Berlin
East Germany
China
Peking
ADN
Foreign Ministry
Soviet Union
Red Guard
Mao Tzetung
Copters Hit Five Die In Los Angeles Crash
Five people were killed when two helicopters collided over the Los Angeles area. Two police traffic officers, a man and a woman in a traffic information helicopter for a commercial radio station were among the deceased. Witnesses said the pilots, about 500 feet up, apparently did not see each other. No injuries from debris were reported.
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Pasadena
Reds Ban Probe Text on Oswald
The Soviet Foreign Ministry asked the United States Embassy to stop distributing a Russian language edition of the Warren Commission report on Kennedy's assassination. Moscow called the text slanderous to the Soviet people and objected to Oswald’s remarks made in Moscow. The report stated Oswald acted alone and had no Soviet involvement.
MENTIONED IN THIS ARTICLE
Moscow
U. S
Warren Commission
John F. Kennedy
Warren
Lee Harvey Oswald
Oswald
Kennedy
Soviet Union
Texas
Farm Workers Union Vote Results Awaited
Delano California farm workers and growers awaited results of a first ever union representation election at the Di Giorgio Corp Sierra Vista ranch. Counting began with 1317 of 1800 eligible voters casting ballots. 20 percent challenged. The outcome could influence future union votes among California farm laborers.
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Delano
Calif
California
Highway Patrol
di Giorgio Corp
Sierra Vista
San Joaquin Valley
San Francisco
American Arbitration Association
Teamsters
Aflcio United Farm Workers Organizing Committee
di Giorgio
De Gaulle Holds Private Vietnam War Talks in Cambodia
In Phnom Penh Charles de Gaulle met North Vietnam's chief envoy Nguyen Thuong for 35 minutes to discuss the Vietnam War. Afterward Nguyen declined to reveal any details of the conversation. Also included is a five day forecast noting cooler trend and scattered showers.
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Phnom Penh
Cambodia
Charles de Gaulle
North Viet Nam
Hanoi
Nguyen Thuong
de Gaulle
Cleveland
Columbus
Cincinnati
Five Negro children enter Woodlawn School amid white flight
In New Orleans Woodlawn School saw five Black pupils enter under segregation pressure as white students stayed home. In Columbus Ohio President Johnson’s projected weekend tour includes Dayton Columbus and Lancaster per State Democratic Headquarters confirming the schedule.
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New Orleans
Woodlawn School
Plaquemines Parish
Columbus
Johnson
Dayton
Lancaster
Powell proposes 95 billion plan for Black equality drive
Rep. Adam Clayton Powell unveils a 95 billion dollar ten year program to elevate Black Americans to equality. He advocates replacing Shriver, proposes McNamara or Wirtz lead the economic equality effort, and calls for doubling manpower retraining, development, and poverty programs to six billion annually plus 3.5 billion for slum clearance.
MENTIONED IN THIS ARTICLE
Washington
Adam Clayton Powell
Sargent Shriver
Powell
Defense
Robert S. McNamara
Labor
W. Willard Wirtz
Middleport mayor pledges sewage rate hike unnecessary
James Diehl named supervising principal of both Middleport and Pomeroy high schools. No hearing date set in Logan School District closure case. Appalchia institute focus and top speakers highlighted. Local columns and obituaries sections listed.
MENTIONED IN THIS ARTICLE
James Diehl
Middleport
Pomeroy
Logan
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