13 Mar 1958
Page 1
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Newspaper
Athens Messenger
Location
Athens, Ohio, United States of America
Date
Mar 13, 1958
Page
1
New York report on consumer credit under easier money policy notes loans may rise as credit supplies expand. Analysts say easy money could help consumers despite a business-focused policy, with two months of trend monitoring ahead.
The article notes how tight money affects large finance companies and their borrowers. It explains higher fund costs and rising charges that pass to car dealers and consumers, with January instalment debt falling 368 million due to seasonality income drops and tighter costs. It cites inexpensive borrowing for finance firms and rising deposits at mutual savings banks reaching 32 billion.
Congress weighs an income tax cut that could add 2 to 3 dollars per week to the average American’s take home and inject about five billion dollars in consumer spending. The plan would trim the first 1000 dollars of taxable income from 20 to 15 percent and cut other rates by five percent. The greatest effect would hit low and middle income taxpayers.
Unionist Donald Rand testifies before Senate rackets probes, denying involvement in violence or orchestrating demonstrations around Kohler plants near Sheboygan. He is admin assistant to Emil Mazey of the UAW, amid a dispute over strike tactics and injuries.
In San Jose California Santa Clara County juvenile authorities reported that a 10 year old child mother and her son have been placed in separate foster homes.
Florence South Carolina residents learn an unarmed atomic bomb detonated its TNT trigger causing a house to explode and a crater five meters wide. Mayor and officials receive assurances of non contamination while a high level investigation is ordered.
Ohio Supreme Court cleared the way for a new trial for Harry Dale Bundy 39 in the 1956 County Line Market killings in Uniontown. Bundy and Russell McCoy both faced murder charges. Bundy had argued McCoy named him to settle a score in Zanesville.
Ohio sees occasional rain and wet snow with possible slush accumulation of one to four inches overnight. Friday brings drizzle or light snow and cooler temperatures. West Virginia expects rain tonight with lows 35 to 40 degrees and a Friday wrap with cloudy skies and highs in the 40s.
Ohio State University reports on student spelling errors in the latest monthly issue. Doctors Pal chanis and Stahl note odd spellings from medical histories and hobbies ranging from measels to model airplanes and antique cars.
Lockheed Aircraft Corp reports the Jet Star set an unofficial coast to coast speed record for passenger craft. The flight from Edwards AFB to Dobbins AFB averaged 557 mph, with a top speed of 572 mph at 46 000 feet on a 1926 mile nonstop trip.
The Senate tied 47 47 on a housing bill amendment to raise GI home loan rates from 4 to 4 1 2 percent. Senator Bricker voted to table the motion to reconsider, while Senator Lausche opposed tabling. Vice President Nixon cast the tie breaking vote to table the motion.
A three day conference on workers health and welfare programs called by the Ohio CIO AFL Workers Conference on Community Services is underway in Columbus.
Cincinnati police arrest Frank Storey over a claim he obtained 15 chickens from a nearby poultry store. He told officers he was drunk and locked out, then borrowed a crowbar to enter, a story investigators say proves a burglary. Officers George Gains and Robert Edwards filed charges.
CAPE CANAVERAL Fla Navy Project Vanguard faces renewed delays amid secrecy and misfortune. Officials refuse comment as a third launch attempt is canceled. Army Jupiter-C presses ahead with a third Explorer satellite launch.
Elvis Presley left for home after a surprise party at a studio honoring the end of his last film before entering the Army. Castmates Delores Hart director Michael Curtiz and the King Creole team attended the Paramount commissary for the celebration.
In Lancaster California a suspect named Joshur Heinze Bausslopekuff bergamme faced a petty theft suspicion. He was released on bail set at 250 dollars.
Nathan Leopold walks from Stateville Prison after a five year parole grant for a prior attempted murder. He plans a move to Puerto Rico for a laboratory job at a mission hospital with a $2000 annual income from a trust and a potential $10,000 to $11,000 aunt’s legacy, plus royalties from his prison life book.
President Bourguiba urged Secretary of State Dulles to intervene by next Thursday to resolve the dispute with France or risk losing Tunisia to the West. He canceled celebrations for independence anniversary and warned of possible renewed conflict after the Sakiet Sidi Youssef bombing. A U.S.-British good offices mission seeks a settlement between Tunis and Paris.
The condition of 11 year old Susan Kurtz of Onsted Michigan was reported as about the same as a six hour operation at St Luke's Hospital to repair the girl's defective heart ended early Tuesday afternoon. A hospital spokesman said her condition was satisfactory but it would be 48 hours before the ultimate success could be determined.
Savannah report identifies Capt. Charles S. Woodruff 35 of Van Wert Ohio as the second pilot of the B47 jet bomber that accidentally dropped an unarmed atomic bomb near Florence South Carolina.
The Messenger reports strong cooperation praised by the Red Cross chairman as community efforts advance. Noted are canvass plans in Maysville and Centralia with education building projects and a walk light installation finished successfully.
Two Akron teens, Charles Casey and John Degan both 18 and seniors at St. Vincent High, were stopped by police as they left Zanesville High School after painting over 30 windows with slogans praising St. Vincent. St. Vincent carries a 17-6 record and faces Zanesville (22-0) in the regional tournament at Kent tonight.
The SEATO Council ended its conference denouncing neutralist acknowledgment of communism as a major threat. It noted past aid to Pakistan, Thailand, and the Philippines exceeding 700 million dollars and approved continued bilateral programs. A two million dollar U S training program and a one million pound Australian grant were cited, along with plans for a U S Philippine defense college.
Congressional Democrats push for an early decision on possible antirecession tax cuts while the administration weighs results of stepped up spending programs. Senate leaders Johnson and Mansfield urge clarity on whether reductions will occur and what form they would take. The Senate approved a housing bill for 1.85 billion with potential 200000 new homes and over 500000 construction jobs, as the House Armed Services Committee backs a similar measure for military projects. Deputy Defense Secretary Quarles also announced a two billion dollar rise in construction plans over the next five months.
Wayne County deputies resume search for three Amish boys declared truant beyond eighth grade. Parents jailed in contempt after refusing to deliver sons to county custody. Juvenile Court judge Don Young had ordered surrender. The hearing drew cries of religious persecution as patrols hunted Amish families Wednesday night.
Carbon monoxide poisoning blamed for the death of one city water department maintenance worker and illness of three others. Investigators say the incident occurred as the team worked on municipal facilities.
Walter P. Reuther president of the United Auto Workers had his Monday night talk postponed after being summoned to a Senate hearing in Washington.
In Havana a decree suspends civil liberties as Fulgencio Batista's police and army prepare to quell a planned student rally marking the palace invasion anniversary. About 20 people were killed in the palace raid and other Havana sites during the earlier plot to kill or kidnap Batista. The move follows the emergency installation of a “peace cabinet” and the resignation of Premier Emilio Núñez Portuondo.
SAN DIEGO Calif says Dr T J Killian deputy director and chief scientist of the Office of Naval Research the United States will soon have 25 satellites in outer space Satellites are not launch platforms but may serve military surveillance and communications purposes says Killian.
The Ohio Supreme Court begins consideration of contempt proceedings against a Cleveland photographer who took pictures in the high court’s courtroom without consent and published them in the Cleveland Press. Chief Justice Weygandt notes a closed conference and that Judge Herbert has resumed duties after illness.
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