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Newspaper
Biddeford Saco Journal
Location
Biddeford, Maine, United States of America
Date
Jan 18, 1968
Page
12
Babson ParkMass investors foresee 1968 as a year of recurring crises with a high cost boom. Wages rise, defense and nondefense spending continue, and tax and monetary policy may tighten. Employers urged to cut unit costs and raise productivity while workers improve performance to stay secure. Hold reserves as credit costs rise and avoid heavy borrowing.
The 140th Trinity Episcopal Church annual meeting in Saco elected Mrs Willis Hall clerk and approved a 1968 budget over 12 000 with 190 adult communicants and nearly 300 baptized members. Officers named for 1968 include John Hill Sr as senior warden and Alexander Stackpole as junior warden. vestry members listed. The church announced Mrs Charles Massie as treasurer and the election of Mrs Carleton Pendleton as Episcopal Church women president. A bylaw revision allows women to be elected to serve on the vestry. A new parish house and educational building was shown. finance committee meets next Tuesday evening at Joel Stacey Sr's home. The meeting closed with prayers and refreshments served by Episcopal Churchwomen.
Fannie Mae sold 300 million dollars of certificates of participation to the public backed by government assets and mortgages. The交易 touted a 6 percent interest rate and relied on the Treasury's backing. The piece notes Fannie Mae's public identity and role in mortgage liquidity, highlighting its 30th birthday and trustee status for government loan ownership.
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