Economy bill aims to expand money supply and credit control
The House Banking Committee faces subcommittee action on a plan to raise the money supply and grant credit allocation powers to the Fed and the president. The measure, opposed by the Ford administration, would target housing and productive investments while limiting conglomerate takeovers and overseas bets. Treasury Secretary Simon warns of a credit police state.
MENTIONED IN THIS ARTICLE
Washington
Federaleserve Board
Fed
House Banking Committee
Henry S. Reuss
House
Wisconsin Democrat
Federal Reserve
Arthur F. Burns
Wright Patman
D-Tex
Reuss
Patman
Treasury
William E. Simon
Meany forecasts 10 percent unemployment by midsummer
AFL CIO President George Meany warned at a Miami Beach news conference that unemployment could reach 10 percent by midsummer despite congressional and White House actions. He said the rate might rise higher and criticized optimistic projections from Ford advisers.
MENTIONED IN THIS ARTICLE
Miami Beach
Fla
Afl-Cio
George Meany
Congress
Meany
Afl-Cio Executive Council
Ford
Alan Greenspan
Nixon
Chrysler Secures Over 1 Billion in New Credit Amid 1974 Loss
Chrysler Corp endures a 1974 deficit of 73.5 million dollars and a yearly loss of 52 million dollars as sales drop 7.2 percent to 11 billion. The company lines up 1.075 billion dollars in credit from about 200 banks to shore up reserves.
MENTIONED IN THIS ARTICLE
Detroit
Chrysler Corp
Chrysler
Lynn Townsend
U.S
General Motors
Ford Motor Co
American Motors
Biddeford Seeks Funds For Streets Housing Parks And Transit
Citizens told the Community Development Committee the city needs street repairs including unpaved Newtown Road and Marcel Avenue, better public transportation, housing for the mentally disabled, and expanded parks and library facilities. They warned Biddeford may miss out on federal funds under the 1974 act, seeking to secure 100000 to 200000 this year with total totals of 2.1 million for non metropolitan areas.
MENTIONED IN THIS ARTICLE
Christopher Coach
Biddeford
Gerard Dupuis
Graham Street
Dupuis
Evanthia Drive
Newtown Road
Marcel Avenue
Dick Perrier
Saco Valley Association of Retarded Citizens
Mary Boucher
Pool Road
Clifford Park
Kenneth Scott
Duke Hendrickson
Thorndike Avenue
Hendrickson
State Corrections Boss Is Long-Time Pro
Maine corrections director Ward Murphy favors community rehabilitation for nonviolent offenders and work-release to ease taxpayer burden. She cites successful furlough programs and low reoffense rates, notes money as a barrier, and highlights a liberal yet careful approach grounded in restoration and public safety.
MENTIONED IN THIS ARTICLE
State Corrections
Maryline White
Maine
Bureau of Corrections
Miss Murphy
Detroit
Mich
American University
Women’s Correctional Center
Skowhegan
Stevens School
William Kearns
Ward Murphy
County Borrows To Stay Ahead
County commissioners grapple with inflation and funding as a $100000 loan was released to cover salaries and juror costs while a further $200000 borrowing option exists. Treasurer Sheltra notes immediate needs are met for now. ongoing budget battles and mental health funding remain in question as state lawmakers ease loan rules for counties.
MENTIONED IN THIS ARTICLE
Maryline White
Alfred
Board of County Commissioners
Clement Auger
Paul Reay
Donald Cote
Carl Sheltra
Sheltra
Reny
Secretary of State
Reay
William Donahue
Kennebunk Budget Trim Keeps 2 Percent Cut Across Board
The budget board reduced the 1975 municipal budget to 996 933 dollars and cut the amount to be raised by assessment to 657 283 dollars. An eight percent across the board pay rise is proposed for town employees, with other adjustments including a 2 000 raise for the town manager to 15 500 dollars. Federal revenue sharing funds rise sharply to cushion tax impact. The plan awaits town meeting approval on March 17.
MENTIONED IN THIS ARTICLE
Peter Kingsley
Selectmen
David Crook
Crook
Kennebunk
Budget Board
Parks and Recreation
Snow and a Kid Next Door Shoveling Charge
The note humorously links today's chuckle to snow causing a heart attack and invites readers to test the claim by asking the neighbor kid what he charges to shovel sidewalks.
Also Mentioned on This Page
Ford Administration
Arey
Inside the Journal
Abby
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!