Americans Repay Old Debts Faster and Seek Less New Credit
In a banking and retail wave, Americans show stronger repayment of old installment loans and slower growth in new credit. Federal Reserve data for June report the slowest on the cuff purchase growth in nine months, with high debt repayments and rising cash department-store activity. Treasury notes higher savings bond sales in July, while tax-cut cash boosts saving. Retail sales for June were revised down from May, yet still strong at over $21.6 billion, as consumers reduce new borrowing. Overall, June installment debt extensions hit $5.4 billion, leaving total consumer installment credit at $55.9 billion, the smallest May-to-June gain in a year.
MENTIONED IN THIS ARTICLE
Business News
NEW York
Federal Reserve Board
U.S. Treasury
Federal Reserve Board of New York
U.S. Census Bureau
Federal Recerve Board
Italy forms four party government under Moro
Italy's Parliament approved Premier Aldo Moro's four party coalition 344 to 338. Moro faces Tralv's economic slump while backing U S support in the Viet Nam issue tests. A BBC report notes rising fertility age beyond 50 may reflect diet and living standards. Police in Singapore patrol after clashes between Chinese and Malays spark fears of renewed race violence.
MENTIONED IN THIS ARTICLE
Rome
Italy
Chamber of Deputies
Senate
Aldo Moro
Moro
Tra-lv
Viet Nam
United States
Singapore
Geyland
Moonshiner 93 Rearrested as Raid Nets Whisky Cache
Federal and local officers raided the Bakersfield home of 93 year old Otis Sledge to end a three month investigation. They recovered 15 gallons of moonshine corn whisky and 250 empty bottles. Sledge was jailed on a charge of selling and possessing illegal whisky.
MENTIONED IN THIS ARTICLE
Bakersfield
Calif
Kern County
Otis Sledge
Sledge
Last of Luckless Towers Blasted Away Off Nantucket
The final Texas Tower III radar platform off Nantucket was towed to a New Jersey scrap yard after a 1960s Air Force project cost 60 million dollars and 29 lives. The 6000 ton structure sank with flotation material after explosives removed it from its legs.
MENTIONED IN THIS ARTICLE
Nantucket
Mass
Texas Tower
Atlantic
New Jersey
Texas Tower III
Lipsett Division
Luria Brothers
New York
Portland
Air Force
Cape Cod
Johnson Faces Major Vote on 947.5 Million Poverty Bill
Washington AP dispatch notes President Johnson's antipoverty bill, totaling 947.5 million dollars, facing a House vote with Republicans largely opposed and Southern Democrats pivotal. Debate hours precede the vote, which could end in a narrow victory or a loss beyond 40 votes. The measure seeks to curb long-term poverty via youth programs and community action grants totaling 412.5 million and 340 million respectively.
MENTIONED IN THIS ARTICLE
Washington
Johnson
House
United States
Yugoslavs Welcome Jacqueline Kennedy in Zadar Harbor
Mrs. Jacqueline Kennedy visited Yugoslavia as the Radiant cruised the Adriatic with a small party. Yugoslav Foreign Ministry officials boarded the yacht to greet her while she remained aboard and mourned for her husband. Negotiations of a possible land visit were not pursued.
MENTIONED IN THIS ARTICLE
Zadar
Yugoslavia
Foreign Ministry
John F. Kennedy
Radiant
Kornati Archipelago
Mrs. Kennedy
Tito
Steven Smodlaka
Ottumwa Buys Naval Air Station for 16500
Ottumwa Iowa purchases the former Ottumwa Naval Air Station from the federal government for 16500. Mayor Gordon Bennett signed the purchase agreement, capping 16 years of effort. The deal covers about 30 buildings, streets, and a railroad spur. the government valued the property at about 5 million. The base, built in 1942-43, includes Comfort Inc chair factory and the Iowa Technical Education Center. The city aims to unlock the site's economic potential.
MENTIONED IN THIS ARTICLE
Ottumwa
Iowa
Ottumwa Naval Air Station
Gordon Bennett
Naval Air Station
Air Force
Comfort, Inc
Iowa Technical Education Center
War-Crimes Prisoner Returns to German Authorities After Escape
Hans Walter Zech-Nenntwich, a 47 year old former SS lieutenant convicted for the massacre of 5200 Polish Jews, surrendered to German authorities after a four month absence. A guard, Hans Zeeman, 48, faces involvement charges for the prison break. A 10 000 mark reward was offered for information leading to Zech-Nenntwichs capture. He fled April 23 with a jail warden crony, flew to Switzerland with Margit Steinheuer, then to Egypt before reappearing in reports across Africa and the Middle East. Officials have not yet disclosed his exact return path.
MENTIONED IN THIS ARTICLE
Brunswick
Germany
Hans Walter Zech-Nenntwich
Ernst Thiele
Zech-Nenntwich
Switzerland
Margit Steinheuer
Egypt
Drowning Victim Recovered in Mississippi River
In Lansing Iowa the body of 58 year old Mrs Josephine White of Clairmont was found floating at a river pier. A pathologist in LaCrosse Wis ruled the cause of death as drowning. Witnesses said the woman appeared unsettled before the incident and no one saw how she entered the water.
MENTIONED IN THIS ARTICLE
Lansing
Iowa
Josephine White
Clairmont
Mississippi River
LaCrosse
Wis
Congress to Vote on Viet Nam Policy Support Today
The Senate and House are set to overwhelmingly approve a bipartisan resolution backing President Johnson's actions in the Vietnam crisis. The measure endorses measures to repel armed attacks and defend U.S. forces after North Vietnamese PT boat attacks and strikes against targets in retaliation.
MENTIONED IN THIS ARTICLE
Ernest B. Vaccaro Washington
Senate
House
Johnson
Gulf of Tonkin
Congress
United States
Maddox
Turner Joy
Mike Mansfield
Sen
Wayne Morse
D-Ore
Also Mentioned on This Page
Tony Brehms
Mrs
Eugene Brehm
Racine, Wis
World Briefs
London
Donald Frommer
British Medical Journal
Frommer
Hertfordshire
Home of Man
the Rim King
Opticians
Sat
Rene
United Optical Workers
Afl-Cio
Lai Ltumerii
LBJ
John Beckler
Jacqueline
Ottumwa Bays Naval Station
Zech-Nentwich
Hans Zeeman
Ethiopia
South Africa
Raleigh - Columbia
Schwinn
R&f Bike Shop
Oakland
Morse
Ernest Gruening
Alaska
Gruening
Richard B. Russell
D-Ga
Senate Armed Services Committee
Mansfield
Mower County
ENT
America
Norway
Bank of Ampvrici
Eee Ab Sena
Hhodh
Oslo
Skjeggedals Falls
Bank OF America
Federal Deposit Insurance Corporation
Corvair Monza Club
Chevrolet
Usem Chevrolet Company
2Nd Avenue
Austin, Minn
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!