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Big Spring Daily Herald Newspaper Archives Nov 20 1967, Page 1

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Big Spring Daily Herald (Newspaper) - November 20, 1967, Big Spring, Texas Big Spring daily Herald 40th year. No. 146 dial 263-7331 big Spring Texas 79720monday november 20 1967 Hor Price to a wire photo comics. Crossword Puzzle Dea Abby. Or. Molder. Editorials. 6 b 4 b 4 b 5 b 2 b Oil report. Sports. Stock workers. To schedules. Want ads. Little immediate effect on consumer costs Banks discount rates Are increased eyeing season giant Eves along with a a Mode figures stars flags and tinsel Are Strung up As Christmas decorations in London s Carnaby Street the a a Home of a a Mode fashions. New York thugs Rob i terrorize new York apr a gang of Young thugs rampaged through Central Park and part of Midtown Manhattan in a minor crime wave sunday in which five persons were robbed and two others were terrorized. Police later seized four suspects. About to youths including a 15-year-old, brandishing knives slashed clothes and kicked and beat their victims. At knife Point the thugs took $30 and $53 from two men walking on 4fith St. Between 9th and 10th ave. In Central Park they accosted two men slashed the jacket of one and assaulted them before fleeing with $20 in Cash and a wrist watch from one Man. On the East drive in the Park they roughed up a Man of after he told them he had no Money. Thunderstorm i leaves 12 dead los Angeles a a crashing Southern California thunderstorm slackened off to showers today leaving 12 known dead roads closed by Slushy mudslides Homes flooded and higher mountains gleaming with Snow. The victims included two boys on separate boy scout outings eight motorists and two killed in the crash of a Light plane. The storm deluged los Angeles with 3 38 inches of rain since its lightning shattered beginning Early sunday. Some seven inches of Snow fell in the mountains As Low As the 6.000-foot level. Bilked of savings Oklahoma City apr Mary Filatova 74, will never get Back her life savings swindled from Hor earlier this month by two women in downtown Oklahoma City. She died sunday. The two women bilked miss Filatova of $7,000, Money the immigrant woman had saved from nearly half a Century of housekeeping to keep her in her old age. She was proud that she would a never have to take a a Niece mrs. E. T. Patterson said her aunt had not suffered severe hardship from the loss because she received social Security benefits. Miss Filatova came to Oklahoma from Czechoslovakia about 1920 and worked As a housekeeper. Warn. In today s Herald criticism soars repercussions from the devaluation of the British Pound Roll around the world As criticism mounts in Britain. See Page 3-a. Washington a Hie Federal Reserve Board s discount rate moved up a notch today in what officials described As an Effort to protect the Dollar in the Wake of the British Pound devaluation identical the Rise from 4 to 42 per cent is identical to one put into effect on dec. 5. 1963. But that was for a different reason to Stem inflation it triggered a year of tight Money. This time however the move is designed to prevent a heavy flow of dollars overseas in search of higher interest rates. Its expected to have Little i. Paratroopers take heavy red assaults Saigon a North vietnamese regulars surrounded a . Paratrooper battalion on a Hill near the cambodian Border in South Vietnam a Centra Highlands today and with heavy ground assaults and mortar attacks apparently inflicted heavy casualties. An american Relief Force reached the scene at dusk. Cut off the battalion of the . 173rd airborne brigade was Cut off for 24 hours before the reinforcements arrived to break the communist attack and bring out dead and wounded. Heavy enemy ground fire kept Rescue helicopters away. Associated press correspondent John i Engel reported from Dak to about 15 Miles from the fighting the heavy communist fire set off a huge explosion inside the . Perimeter possibly causing heavy casualties. It could not to determined immediately what caused the blast. The fighting perhaps the most vicious yet in the Highlands Campaign came As . Planes bombed the Hanoi Hai Phong area for the fifth straight Day on sunday. Tho attacks included blows against the fifth and sixth targets to come off the Pentagon s restricted list in four Days. They Are a Concrete Plant and a Barge Yard near Hanoi. Immediate effect on consumer interest rates in this country. When it devalued the Pound on saturday from 32.80 to $2 40, Britain also raised its discount rate from 6 to s per cent the . Discount rate is the interest commercial Banks must pay the Federal Reserve for Money they borrow from the system. Other rates Are pegged upward from it. In this ease. However the Board is bringing its rate More in line with interest rates elsewhere in the world Economy rather than tracking new ground. Interest rates generally Are at la Reade their higher level in Amir half a Century. But some officials said higher discount could tend the Long in toward an i in rates Consumers pay it r Loans in this connection it could have an anti inflationary Effort but officials omphale cd Ilia would be Only a Side effect the Federal Meserv acted of an emergency saturday eight meeting and its decision was announced sunday no reaction there was no immediate Rea finn from the Hue Lim e a statement by Treasury Sec ret a Nett rim. In i m id Duhaim i leva hied Man banking committee critic of Federal res policy Salt of the do Rise i Don t but it pie Are fed up is it ii t Crest rates Quot Pat Man said the i the devaluation of than excuse to raise hot the a to i a. N Mohn 40i n by a an Moet a to i d amp n the e put rat my in a Tinct Britain s move May revive tax increase Dirksen takes opposite View Washington a Senate majority Leader Mike Mansfield said today Congress May have to drop its mid december adjournment goal and remain in session to act on a tax increase because of Britain a devaluation of the Pound. A a much As i hate to say so much As i abhor the possibility i think the welfare of the country and the stability of the Dollar comes before any adjournment plans a the Montana Democrat said. Mansfield told newsmen that could mean a nonstop 90th Congress with no extended recess Between the first and second sessions. President Johnson Sio per cent income tax surcharge proposal is stalled in the House ways and Means committee and Mansfield had conceded earlier it appeared Likely to remain there. But he said the British devaluation of the Pound from $2.80 to $2.40 May Force a Rea segment. Ile said a tax hike is necessary to head off increased prospects of inflation Mansfield said Britain Sll per cent devaluation Means that the British will lie Able to in Demit . Exports by that amount. Senate Republican Leader Everett m. Dirksen of miners disagreed. Dirksen said weekend economic development s in eluding sundays increase in Federal Reserve int Ere t rate a a should ease the pressure for i tax increase but Only for a rate primer pedestrian is 10th fatality. A 7 is Albs a b Goren on Bridge. S b Horoscope. 5 8 weather map. 8 a women new. Cd Cloudy Cloudy to part in Cloudy with no change in temperature today or tuesday. High today 73 Low tonight 49 High tomorrow 73.Quot a a a a so Evv. Tilt is a 47 a year old pedestrian struck As he ran across Lamesa drive shortly after Midnight saturday became the 10th person to die in traffic accidents in Howard county this year. He was l. Z. Bell 106 be 10th Street. Driver Driver of the car was 2nd it. William a. Kabel 21, Webb fab. The car a foreign made Sedan was owned by Virginia g. Clendenin 1808 Mittel who was a passenger at the time of the mishap. Jess Slaughter Justice of the peace ruled death due to car mishap after conducting an inquest at the scene. The body of Bell was removed to the River Welch funeral Home. The fatality was in the same Block on Lamesa drive where a Man was shot to death and a second seriously wounded one week earlier. Police reports show that the Accident occurred at about 12 40 . Sunday in front of 801 Lamesa drive. Officers were told that Bell was running across the Street looking Over his shoulder and apparently did not see the car approaching. He was struck by one of the Campaign still few Steps away the in United fund drive has $97,834 75 of its $161,121 69 goal reported. The report by divisions includes out of town $10,433.50, big gifts $34,018. Special gift $5,660, employee $33,203.92, Webb fab $12,509.83, metropolitan $1,928 and area $81.50. Workers of the metropolitan and special gifts divisions were to meet this afternoon at 5 15 p m. In the conference room of the chamber of Commerce to map plans for the final cleanup of Hie two divisions. All uncorked cards were to be turned in for reassignment. Cards fenders and hurled a considerable distance. He was apparently killed instantly. Ticketed City police said it. Kabel was Given a ticket for not having a Drivers License in his Possession. Police also said Bell had been involved in two other matters reported to the department. Six of to traffic fatalities have occurred on the City a streets this year four of the accidental deaths have involved pedestrians. Funeral arrangements Are pending in Corsicana tex., for Bell. He was bom oct. 22, 1928, at Alt. Calm. Tex. He is survived by his daughter three Sisters mrs. Ear Iii in Bell Jackson. Big Spring mrs. Fora Mae Bailey Decatur and mrs. Edna Williams Abilene and four Brothers Melton Bell Hollis okla., Robert Bell Waco James Bell Decatur and Marion Bell Abilene. New York a the British devaluation of t h e Pound saturday night a 14 3 per cent reduction from $2 80 to $2.40�?is a Complex International financial move devaluation will do two things it will lower the Cost of British goods on world markets which the British government Hopes will cause people to buy More British goods and bring More Money into England la will also make ii More expensive for British citizens to buy imported goods this will have the effect of keeping England s Money at Home. The government increased the Bank of England a discount rat1 from 61/2 per cent to s per cent. The us. Federal Reserve Board increased its discount rate a half per cent to 4 �?T2 per cent to keep i s. Money from flowing into England at too fast a Pace. The action of the Federal Reserve Board gives those in the United states with Money to invest a Chance to earn a higher interest rate. The action of the Board will cause an increase in the interest Many people pay 1 a borrow Money. Just How Muon f an increase can not be determined at this time Fine effect that is Chi Tain it will Cost More to borrow Money to buy a Home debate begins on red s admittance United nations by. Apr foreign minister Wei Tao Ming of nationalist China told the general Assembly today that to seat communist China in the United nations would encourage peking in aggression to the Point where War would be necessary. Debate Weiss remarks were for the Assembly a annual debate on the China Issue. Cambodian ambassador huot Sambath launched the debate with introduction of a Resolution to substitute communist chinese for nationalist chinese delegates in the United nations and All related bodies. Diplomats generally expected the Assembly would vote Down och population 5uje United states 200000 0661 a. \ i i t / / a \ j a. �?�., _ i hint s no Surprise the i s. Population passed the 2�mi million graphic counter at the Commerce building in Mark this morning according to the demo Washington. La. S. Nose count soars by 200 million Mark that proposal and friends of nationalist China said it would do so by a wider margin than last year. The chinese minister said the red chinese claimed the right a to subvert the Independence of neighbouring states and . Membership would not Quot change their belligerence but a Only give them an Opportunity to carry out their Long standing threat to a Reform or rather destroy the United nations a fear those who want to seat peking Are a motivated by fear of he said but to admit peking a pure on the basis of fear is to encourage it to move from aggression to aggression until there remains no tolerable alternative to Washington a the United states celebrates today a Milestone some experts contend should have been observed More thin two years ago a population of 200 million Jho pie about to a in. Big Spring time this country officially at least a became the fourth nation in tho world behind communist China India arid the soviet in Ion in that order to reach and pass 200 million. Alexander b. Trowbridge Secretary of Commerce under whose jurisdiction the census Bureau Falls was to Lead the Celebration in the Commerce department lobby where a census clock has been ticking off population gains for 40 years. Registers the clock now registers a net gain of one person every 14_, seconds based on one birth every 8k2 seconds one death every i Quot seconds an immigrant every 60 seconds and an Emigrant. Every 23 minutes. Timing is based on recent averages rather than actual births deaths arrivals and departures and the tin my i it the averages changed ? change. A private group the population reference Bureau it on tends the Basic calculations Are ail wrong. It says the census Bureau missed 5.7 million americans in the i960 no e count actually the reference Bureau said the United states population probably surpassed 200 million in the Spring of 1905 and could in at least 206 million now. It said its Contention is based on i960 census figure indicating there were far More negro women than men. And concluded some negro males must not have been counted. The census Bureau con eded the possibility of a higher population but stuck by the a do Tai t on Witik h the 200 million e Lunate is based a 1960 population by its count of 179 323,173. Is in ii i i n the 2 h million figure includes not Only i s. Residents but american servicemen abroad. In the fir t census in 1790, the counted 3,929.214 americans. It took until 1915 to retch the fir to. Too million but the Bureau said the 300 million Mark could be reached by the turn of the Century in Only 13 years. Bombing halt without knowing results unwise Ash i no ton api Republican presidential hopeful George Romney Saki today it. Would be unwise to Stop the bombing of North Vietnam without knowing whether the halt would bring some a worthwhile thus the Michigan governor appeared to differ won another map presidential possibility sen. Charlesll Percy of Illinois who proposed Over the weekend that president Johnson order periodic unannounced halts in the bombing to test communist willingness to negotiate. Romney a Quot ii with Vietnam and his political Hopes As he opened his first week As a formally amour Tai Candida for t ii e Republican presidential nomination. He threw he hat into the ring with a speech in Dot Rue saturday. In preparation for his tour ahead next month Romney to to the state department monday morning for a briefing by assistant secretaries of state

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