Nixon Devalues dollar 10 percent to ease crisis
President Nixon devalues the dollar by 10 percent in a bold move to calm world money markets and restore confidence. Treasury Secretary Shultz outlined benefits for consumers and workers, while Japan moves to float the yen and IMF says the action will improve global payments balance and reform.
MENTIONED IN THIS ARTICLE
Bill Neikirk
Washington
Nixon
U.S
Treasury
George P. Shultz
Shultz
Workingman
Congress
Japan
Tokyo
Finance Ministry
Bank of Japan
West Germany
Canada
Great Britain
John Turner
International Monetary Fund
Night siege ends as 2 Dallas gunmen surrender
Two teenage gunmen held about 100 officers and 22 hostages for eight hours at the Inner Circle Lounge in northeast Dallas before surrendering at 8:46 a.m. EST. Milton A Frank, 18, escaped from a Terrell mental hospital and is identified as one gunman. his companion known only as Shotgun. Hostages were released gradually after negotiations, including talks with Frank’s wife and statements urging no heroics.
MENTIONED IN THIS ARTICLE
Dallas
Tex
Milton Allen Frank
Las Vegas
Milton A. Frank
State Mental Hospital
Terrell
Inner Circle
Johnnie Conner
Frank
McCaghren
Nev
Consolidation Plan Weighs Three Catholic Schools
A proposed consolidation of Austin’s three Catholic elementary schools, Queen of Angels St. Augustine and St. Edwards, is under consideration. The plan assigns grades across each campus, consolidates under one principal, and has votes in St. Edwards and Queen of Angels parishes while awaiting recorded action in St. Augustine.
MENTIONED IN THIS ARTICLE
City of Austin
Queen of Angels
St. Augustine
St. Edwards
Five Minnesota POWs released from captivity Monday
Five Minnesota servicemen returned from captivity in Vietnam and spoke by phone to families from Clark Air Force Base in the Philippines. Glendon Perkins of North St. Paul described thinning hair but said he would be fine. Others included Navy Lt. David Wheat of Duluth, Lt. Cmdr. Cole Black of Lake City, Maj. Richard Bolstad of Minneapolis, and Army Spec. 5 Gary Guggenberger of Cold Spring.
MENTIONED IN THIS ARTICLE
Air Force
Glendon Perkins
Vietnam
Eddy
Perkins
North St. Paul
Clark Air Force Base
Philippines
Navy
David Wheat
Duluth
Cole Black
Lake City
Richard Bolstad
Minneapolis
Army
Gary Guggenberger
Cold Spring
North Vietnam
Orlando
Fla
Edward Perkins
Wheat
Leonard Wheat
University of Minnesota-Duluth
California
Calvin Black
Cole
Billie
San Diego
Calif
Black
Bolstad
Clark Afb
Guggenberger
David
Ford Motor Co Fined 7 Million for Tampering Tests
Ford Motor Co was fined seven million dollars after pleading no contest to 350 counts alleging employees tampered with antipollution tests on 1973 Ford cars. The Justice Department said the civil and criminal actions total seven million with a consent decree barring further violations. The case traces back to forged test data submitted last April and May for federal certification.
MENTIONED IN THIS ARTICLE
Washington
Ford Motor Co
Ford
Justice Department
U.S. District Court
Detroit
Pentagon to Release 20 American POWs From Vietnam
Washington AP reports the Pentagon will release 20 American prisoners of war from North Vietnam in a few days as a goodwill gesture after Dr. Henry Kissinger's Hanoi visit. Defense spokesman Jerry Friedheim said the list of names was received and next of kin are being notified before public disclosure.
MENTIONED IN THIS ARTICLE
Washington
Pentagon
North Vietnam
Henry Kissinger
Hanoi
Defense Department
Jerry W. Friedheim
Nixon seeks tough trade legislation for fairer shake
President Nixon urged Congress to pass strong trade laws to lower and raise barriers to force other nations to abandon discriminatory policies. The remark came after a 10 percent dollar devaluation and during a meeting with Treasury Secretary George Shultz in the Oval Office. He said the devaluation is only a temporary fix and that trade legislation must follow. He added most Americans would not feel the devaluation's impact on their dollar value.
MENTIONED IN THIS ARTICLE
Shultz
United States
U.S
Nixon
Congress
Washington
America
Oval Office
Treasury
George Shultz
Austin Council rejects grant for Hormel Nature Center land
In a special meeting on Tuesday the Austin City Council voted to notify the Federal government it will not use a grant to purchase land adjacent to the Jay C. Hormel Nature Center. Paul Lightly offered 50 acres but withdrew option and sale, leaving condemnation or cancellation as options. council voted to cancel the project.
MENTIONED IN THIS ARTICLE
Austin City
Jay C. Hormel
Paul Lightly
Lightly
Richard Nordin
Nature Center
Paul
Schedule of Pages Editorial 4 Sports 8
The page list outlines sections for editorial, sports, area news, markets, society, comics, and classifieds. It notes page numbers and section topics to help readers navigate the issue. The document reflects a traditional newspaper layout with designated content areas.
For Sale 1971 Arctic Cat Snowmobile With Cover
Classified ad notes a 1971 Arctic Cat snowmobile with cover in excellent condition. Listing said to run three days in sporting goods but was canceled after one day. Contact phone 433-8851 for quick action.
MENTIONED IN THIS ARTICLE
Sporting Goods
Also Mentioned on This Page
Smithsonian Institution
Paul A. Volcker
Volcker
Combined Services Color Guard
Washington, D.C
Abraham Lincoln
By Jim Brigance
Son
THE
Associated Press
Col
Fred V. Cherry
Portsmouth
James Warren
Gia Lam
Col. Cherry
Col. Warren
Wabasha
Wabasha, Minn
Wabasha School Board
Basil Shell
Shell
Lyle
Bruce Olander
Minnesota Assn
Marvin Timm
New York
Nelson
Mankato, Minn
Ancher Nelson
R-Minn
Hormel Nature Center
Kermit Haversten
Sid Russell
Russell
G Nemitz
Lowell Einhaus
Debson
Herald
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