Treasury tests Canada style debt plan to ease old bonds
The Treasury seeks to roll over maturing debt by offering new 3 percent notes and 3 percent bonds, swapping about 11 billion in 2 percent bonds for up to 5 billion in higher-yield issues and extending payment dates to ease next year’s refunding. Savings bonds saw mixed results as redemptions outpaced new sales. The plan follows Canada’s approach and hinges on easing money rates and a June 15 outcome.
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U. S. Treasury
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Britain to Scrap Last Battleship Vanguard
Britain moves to scrap its last battleship the 44 500 ton Vanguard built in 1946 at a weekly running cost of 2800 dollars. The government says keeping her afloat was too expensive.
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Britain
Portsmouth
England
Vanguard
Reagan Quits Guild as He Faces Producing Career
Hollywood reports Ronald Reagan resigns as president of the Screen Actors Guild after steering talks with producers. He leaves leadership to pursue work as a producer himself.
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Minneapolis votes down strong mayor charter proposal
Minneapolis voters rejected a proposed city charter change by 54 730 to 43 819 in a special election. The measure would have expanded the mayor's control over city departments and shifted powers from elected boards to the council, a plan previously defeated 12 years earlier.
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Minneapolis
Harvard Dean Albert Haertlein Dies at 64
Albert Haertlein 64 associate dean of engineering and applied physics at Harvard University died Tuesday in his Cambridge office. He was an authority on the mechanics of structure.
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Cambridge, Mass
Albert Haertlein
Engineering and Applied Physics
Harvard University
Dining In Space Dining The Gendered Space Eating Debate
Cynthia Lowry notes a space dining concept by a kitchen firm. The piece mocks gender roles, arguing women would suit space dining better, with ideas for a space kitchen, dishwashing, pastel appliances, and babysitting back on Earth.
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New York
Earth
Mesick marriage ban upheld by Michigan high school
The Michigan Supreme Court, in a 4-4 split, upheld Mesick High School board's two year ban on married students from extracurriculars including football, band and dances. The action, approved in 1958 to curb dropouts, affected two 18 year olds. dissent argued it was arbitrary.
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Mesick, Mich
Mesick
Michigan
Lower Peninsula
Wexford County
David Shively
Cochrane
Shively
Thomas Kavanagh
Harry Kelly
Who Shipped Dead Blonde in Trunk
Canadian police and railroad officials probe who shipped a trunk from Toronto to Argentia May 4 containing a decomposed corpse of a young woman. The unidentified 20s female, about 5 ft 1 in, 115 pounds, was found Tuesday at the Argentia railroad express office near St John’s Newfoundland.
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Subway Fire Traps Thousands in Grand CentralTunnels
New York City subway crews inspected tunnels after a third rail fire near Grand Central Terminal ignited refuse. The blaze halted 14 trains, sent smoke through cars, and led Mayor Wagner to order a full system cleanup. About 150 people were hospitalized after emergency treatment.
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New York City
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Russian Counterspy Sees Khrushchev Replaced by Suslov
Russian born Boris Morros, ex counterspy and film producer, predicts premier Nikita Khrushchev will be replaced by Mikhail Suslov, a Presidium member. Morros says Suslov can justify a Stalinist overthrow and spoke Tuesday in Philadelphia.
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British figure Sir Maurice Bonham Carter dies at 79
Sir Maurice Bonham Carter a lawyer and Liberal politician died in London after a long illness. He served as private secretary to Prime Minister Herbert Asquith from 1910 to 1916.
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London
Maurice Bonham Carter
Liberal Party
Herbert Asquith
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