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Bradford Era Newspaper Archives Nov 20 1967, Page 1

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Bradford Era (Newspaper) - November 20, 1967, Bradford, Pennsylvania A round the Square fair mostly fair and cold to Day. High from mid-30 s to mid-40 s. Cloudy cold on tuesday. 0he Smi Santa Hay kids starting november 24th, Santa will be Reading your letters each Day at 4 30 . On Wess. Your dependable news medium a closing in no doubt about it. The Holiday spirit is Here. Time it should be. Thanksgiving arrives this thursday and Christmas is Only five Short weeks away. Vol. 91, no. 42 two sections second class postage paid at Bradford a. 16791 Bradford pa., monday morning. November 20, 1967 by Carrier we week by mail 24.00 veer published daily except sunday at 43 main St. 10c a copy Dave area listeners Are seeing former web announcer Dave Dugan As a regular on the Public broadcast Laboratory sunday night to presentation. Increase follows devaluation of British Pound feb hikes discount rate to 4.5 Washington apr the British Belt tightening but it . Bank rate than the devaluation growth at Home and a sound in 6. 19g5 which was designed to Dollar. He said the devaluation Arif Ikiria i b or Csc kit r Federal Reserve Board reacted could also have the Side effect Secretary of the Treasury of the Pound. Ter National position for the Doh Stem inflation. Is a just an excuse Quot to raise the t Jiff t f to for to the British Pound devaluation of helping to fight inflationary Henry h. Fowler said in a state a this serves notice that the Lar. That increase also was from 4 discount rate. Their rnmmpntq0unnr1helmi0rt sunday by announcing an in pressure at Home. Ment sunday night that the nation is not willing to let Doh one source called the move a to 44 per cent. The rate was re it they never do things to help Vomm Ems on me spun crease in its discount rate from the discount rate is the inter events of the past 24 hours Lars flow out of Here Willy nil a modest precautionary step to turned to 4 per cent last april. The Pujic a a Palman said in 4 to 44 per cent effective on est Banks must the Federal a have demonstrated the by a a one source said. Bring the Federal Reserve Dis the move was immediately Fernung t0�?T the Federal Reserve monday. Reserve system for Money they strength of the International to in its formal announcement count rate More in line with oth criticized by chairman Wright Pard a they do things to help action came at an emergency borrow to maintain sufficient notary arrangement and the the Board said it acted in lighter interest rates. Batman i Texas of the House weekend meeting of the Board reserves. Spirit of monetary cooperation of the British devaluation to some officials believe the in banking committee a frequent _ Hoard Rii Cmunt action following devaluation of the other interest rates Are in the free world. A assure the continued orderly crease will tend in the Long run critic of Federal Reserve policy a Pound from $2.80 to $2.40 and a pegged upward from the Dis and he expressed Confidence functioning of . Financial to raise the interest rates Banks a i dont like it a he said. A a �?opp1 Jon in the pm ii a ill boost in the Bank of England count rate but the action an the new British program will markets and to maintain the charge for Loans. The people Are fed up with j Hank remain officials said the Federal renounced sunday follows the i achieve its objective. Availability of reserves to the it was emphasized however crushing interest Ai nor h,.i t he it a serve action is designed to pre Mancial markets rather than officials indicated the Federal banking system. A that the reasons for the increase Patman contended the in vent an a inordinate flow of leads them. Reserves action was More of a it described a Basic purpose this time differs markedly from crease is unneeded to counter ported to seek the higher rate there was no immediate com reaction to the 8 per cent British As fostering sustained economic the latest previous Rise on dec. Any International Drain on the this week. Pages Advance stories and pictures on the Bradford Olean game of a week ago. Comment will Feather said it Quot As a Rule people Are pretty Quick to recognize anything that s really Little makes much a suggestion to Send the Bradford dollars overseas in View of the area United fund Over the top. If those who have not Given will do so As a service to their Community and if those who can afford a few More dollars will add to their pledge or gift we could easily go soaring Over the top. Can the of Bradford this weekend receive count on you give the used its heaviest Early november office a Call if you Are willing snowfall since 1956, according to give a Little boost. Every bit to capt. Richard Keenan of the helps add to the total. Bradford fire department. The local firemen in commenting Santa Santa Claus will be on this weekends accumulation coming on the web airwaves of White stuff said he a dug up weekend Snow heavy this week. He will be glad to receive a and read on the air a letters from the youngsters. Please be sure the letter gives the name age address and Telephone number of the Youthful sender. Address letters to Santa clause web Bradford a. 16701. The program starts this coming Friday at 4 30 ., by the Way. This figure from the fire stations weather records. 1956, capt. Keenan said was 5 to 6 inches which a melted the City got 8 to to inches during the 24 hours Between saturday and sunday. Viewpoint will says a the Petty troubles of our friends amuse us when the same things happen to us they seem mighty heavy Rains in California claim lives los Angeles a a lightning flashing rainstorm hit Southern California sunday causing one mudslide death and numerous fatal traffic accidents. In the los Angeles civic Center 2.44 inches of rain was recorded. A 12-year-old boy scout camping in the mountains of Angeles National Forest was killed when a mudslide buried him As he slept. More than 150 other boy scouts were evacuated from mountainous campgrounds where they were marooned by rising creeks. Flooding in Many areas of Southern California was reported. And the Weatherman was fairly Active throughout area communities. Highway officials in Smethport reported about 8-Feather 10 inches of Snow accumulation within a 24-hour period starting Early saturday night. Highways and secondary roads in this area were listed sunday night As Bradford Mckean regional Airport authorities reported All flights cancelled since about 7 . Saturday were resumed As per schedule shortly after 3 . Sunday. Cancellations were necessary because of Snow accumulations on the Field during this period. Hazardous Road conditions were reported by Highway departments in the new York state communities of Little Valley Olean and Allegany throughout most of sunday. Similar conditions were reported existing in both Kane and Emporium. Snowfall in these areas was reported As about 3-5 inches in Olean 6-8 inches in and around Kane and about 5 inches in Allegany and Little Valley. Temperatures remained unchanging through the City and most of the surrounding areas hovering Between the 30 and 28 degree Mark on sunday and Between 30 and 41 degrees saturday. Wilson hails slash in Pound As Progress London apr forced to devalue the Pound. Prime minister Harold Wilson told the British people sunday night they now have the Chance to threw an egg at Chancellor of ploy ment the immediate result the exchequer James Ballagh was a desperate Trade and an he missed. Mint the labor governments new he admitted that Britain did economic policy represents a not have enough in Reserve to a break out of the straitjacket Gamble that a Cut rate currency meet a the change and Chance of of Boom and bust which has will boost overseas sales and world events a such As the held Back their economic bring Back Prosperity. First re Middle East War and British growth for 15 years. Turns from Britain s trading Dock strikes which put Britain Wilson went on nationwide partners indicated the Gamble into the red this year and men television to explain saturdays might off. Most held their sifted speculation that the Pound devaluation of the Pound by 14.3 own currencies steady to give would have to fall at last per cent against the Dollar. Britain at least a temporary a exports even our increasing from $2.80 to $2.40. He looked competitive advantage. Exports a he said a could not worn and tired after a week of As Wilson explained it the earn enough to meet the Succes crisis that marked the collapse economic straitjacket on Britain Sive Waves of speculation of his governments three year was this a every time we tried against to solve our problems by expanding production by mobilizing the efforts and skill of our people on the basis of full pm struggle to save the Pound. As he spoke from no. To Downing Street demonstrators melted outside. One of them at that Point the Choice Lay Between devaluation or massive new Loans to prop up the Pound continued on to go 16 i devaluation feb interest rate hike has Little effect Here Bankers say saturday s Rainy showers changed to Snow when the thermometer slipped from the 41 Keith Herron 12, of Riverside degree Mark at noon to the 31 degree area during the late of continued on Page 16 was dug out of the mud by members of his boy scout troop who tried to revive him with Mouth to Mouth resuscitation. The boy was pronounced dead at the scene. The Angeles Crest Highway was closed to traffic after tons of mud and debris Slid Down a Mountain slope onto the Road. In the Santa Anita Canyon area of Angeles National Forest 112 campers were ordered evacuated because of rising Waters somewhere in there. A James Goodwin a University of Pittsburgh Bradford Campus student almost had to use a Geiger counter to find his automobile in the parking lot behind Emery engineering bldg. Sunday. The City got nine inches of heavy wet Snow Over the week wha effect will the devaluation of the British Pound Sterling and the consequent increase in the Federal Reserve boards discount rate have on the Economy of Mckean county. Very Little right now it appears from a Survey of area Bankers undertaken by the Bradford Era sunday night. The Era questioned w l. Branch president of producers Bank amp Trust co., of Bradford o. Albert Johnson president of Hamlin Bank amp Trust co. Of Smethport t. L. Mcdowell president of Northwest savings amp loan j. F. Place president of first Federal savings amp loan and Harold r. Sloan president of Bradford National Bank. While the immediate effect will probably he Small the Long Range effects of tighter Money will he More difficult to judge. Or. Sloan summed it up by saying that a in an Era of managed Money it is hard to Tell the effects of any action. There Are Many brakes and stimuli which May he or. Sloan said that the for by a increase will affect the prime rate with an attendant Rise in prices hut this in turn should affect the Market and cause it to fall off a bit which should have a leveling effect. He added that after a Short spell of tight Money the situation now has reversed itself. Or. Johnson took a full View of the situation this Way a devaluation of the Pound Sterling from $2.80 to $2 40 on the International Market As of 9 30 . Saturday was the first devaluation of the British Pound since sept in 1949 when it was reduced from $4.03 to $2 80,�?� he said. A the interest rate on England s Bank Loans is being raised from 64 to 8 per cent a credit tightening measure to head off inflation. British defense expenditures will he Cut too million pounds $240,000,-00 next year. He went on president Johnson has pledged the a. Will not devalue the Dollar in spite of the fact that his administration is faced with a continued worsening in balance of payments deficit a $550 million continued on Page 16 i end and the Weatherman had cold literally Comfort for today. Era photo by Stewart Hanoi Haiphong areas hit hard by u. S. Jets the last one Saigon apr american Dak to and the casualties base Camps and escape routes warplanes mounted heavy raids mounted on both sides in the 14 to 17 Miles Southwest of Dak sunday against the Hanoi and epic Battle in the Central High Haiphong areas hitting two tar lands. Gets close to Hanoi for the first in the fighting sunday the time in the War. . Command reported 43 the raids Cost at least two \ american soldiers killed and 52 american planes and their pi-1 wounded in two engagements with North vietnamese regulars. The command said seven Erie guilds Nen Vole strike on times Nevis lets . Erie a. Apr editorial bounced and advertising employees of the North Vietnam a official news North vietnamese were killed in Erie times news voted sunday Agency claimed 17 american one of these actions and gave no night to strike saturday if Nego planes were shot Down sunday count of enemy dead in the oth to nations in their 14-month-old and that a sizeable number of or to. The escape routes bombed were located Southwest of the fighting area and leading to the continued on Pogo 16 Frackville a. Apr state sen. Frederick h. Hobbs was married saturday to mole Ann Watkins daughter of Superior court judge and mrs. G. Harold Watkins. The ceremony took place in St. Peter s United Church of Christ Here. Hobbs a Schuylkill was Tho Only Bachelor in Tho Senate. M. .s.ijssshfe. To. A Mullen wont abandon a nonpublic school Aid iter Al Headquarters an contract dispute Arentt resumed pilots were captured. This was by then. By far the largest american loss the employees members of claimed by the communists for american newspaper Guild to a single Day. Cal 187, charge that the news by american count however paper s management has re nine planes have gone Down fused to bargain seriously. Over the North since last thurs they have been working with Day a including the two sunday out a contract since the old a and la fliers Are missing agreement expired in septem in South Vietnam heavy new her 1966. I fighting was reported around it a a Ltd Urvi this Era a americans now number 200 million govt. Estimates Page 3. Republicans think Johnson a unpopularity Worth to Senate seats next year. Page 6. . Newsmen find Viet Cong Camps hidden along cambodian Side of Border. Page 7. Egypt Britain resume diplomatic relations after 23 months of discord. Page la. Browns nip Vikings 14-10, As two fights break out in final 28 seconds of nil came. Page 13. . Casualties for the 18-Day-old Battle for Dak to stood at 197 killed and 750 wounded As against 868 communists killed by american forces and at least 250 More by South vietnamese troops with the end of the Dak to fighting still not in sight . B52 heavy bombers carried out four More raids sunday night and monday in the embattled sector. The eight engine bombers hit at troop concentrations deadly fumes kill 3 in hotel Akron Ohio apr deadly those stricken to six hospitals in Carbon monoxide fumes the area. Six remained Hospital spreading through the ventilate sized the others were treated ing system of a Large hotel to and released Tel in nearby Boston Heights about 200 persons were Evascu killed three persons Early Sun ated from the inn located off Day morning and sent More Ohio 8 near the Ohio Turnpike than 60 others to hospitals. To interchange lice and firemen battled against Harrisburg apr rep. I for private and parochial school negotiators Are to resume theft Martin p. Mullen regarded As Aid. Talks monday morning. The most powerful legislator in rut House Republican leaders while the big five reportedly support of state Aid to nonpublic advised him that the most gop Are on the verge of an agree schools contends the Issue votes they could deliver for such ment no final decisions had been should very much be a part of a tax package would he 50. It made and the discussions a stir the tax negotiations. Takes 102 votes to pass a Bill could break Down at any min a no i will not give up a the Mullen contends however that use r was emphasized by both Philadelphia Democrat said Over an additional cigarette Penny sides the weekend. Quot we do not want tax is needed. Part of the both the House and Senate the Issue separated recent five cent tax hike could Pian three Dav meetings this Mullen s comments were in earmarked for the state Aid week breaking wednesday for response to reliable reports that added. Thanksgiving. A full work week ranking legislators in both the philadelphian says his is contemplated for the week of ties Are convinced the nonpublic next step hinge. On develop. Nov 27 Ira a Fina mesh t0 Clear ments in the tax negotiations As much administration Legisla Shafer and the four legislative lion As possible. Two feared drowned in sports car plunge time to arouse the unsuspecting guests. Capt Gus Trejbal of the Summit county sheriffs office said fumes from a defective Heater for the swimming Pool of the Yankee Clipper inn were car ont. A Jed throughout the 210-room Structure by the ventilating sys school Aid question will have to be isolated if a tax Compromise is to he resolved by nov. 30. J a there is no question that non-1 Public school Aid cannot be tied in with a tax package a one High Republican commented. A there was so much flak on the Issue in the House Republican caucus last week it looks As though the most we can Hope _. For is a commitment from the the dead were identified by g0vemor he will push for non 4 a Amin a a Oran or c Affias a ,. Public school assistance next year a a democratic counter the county coroners office As miss Mary Bishop 56, a nurse and her sister Betty 50, a. Id dance instructor both of Elyria p Ohio and Bruce Plagman 22 of Cleveland. They were found in we Are their rooms. Plagman married saturday was on his honeymoon. His wife Joan 21, was reported recover Nixon Choice Gallup reports about 40 guests Bridge comics 9a .10 crossword editorial 8a. 8 hospitals .16 radio log to sports women .13-15. 4, 5 Niagara Falls skin diving teams have temporarily suspended their search for tem. A Small sports car that plunged a people were sick into a Swift running canal at where a said Walter Odom bos-1 Pital where Niagara i alls ont., it unday. Ton Heights policeman. A we were treated. Officials said that the Automo would get some to come to the Trehal said the fumes were bile went out of control at a door Tell them what was wrong concentrated in the Bote Section traffic Circle Slid Down an pm and they a go Back to bed. Of the $4.1-million inn composed Bank nent and fell about 75 we were finding them Union of a seven Story hotel and at feet into the Hydro canal feed scions everywhere one said. Cached four Story Motel the ing the sir Adam Beck Power Odom who arrived at the inn inn. Opened in 1965, has 140 generating Plant. Just before Midnight saturday rooms in the Lionel and 70 in the unconfirmed reports said Chat was the first policeman on the Motel Wing. Two Persona were in the car the time of the Accident. I thirty two ambulances sped i the Smith Agency so saw Princeton . Apr and the so called dissident dem rank and file republicans in of crafts. The four major regions of the the findings Are based on an country favor Richard m. Nixon Early november Survey and two a ii it or Republican presidential previous surveys in which per commitment. We will fight win nomination in 1968, according to sons were asked to select their or the latest Gallup poll. Top gop Choice from a list of reportedly Shafer was agree of j seven but Mullen flatly commented not interested in a Juan la was leu Oriel recover Abe a 8peca Penny tax on the former vice president the latest results show Nixon every ins at an s St Towmas hos cigarettes As a source of funds Akoi leads a a Uon Auy with favo de by 42 per cent o the Start your Christmas shopping Early and right by checking today a classified pick a present gift guide for gift guide listing Call 368 3173 ask for classified now Quot turn e r Leal Ivy g0p a Quot kid fat Quot Ltd now numerically stronger Man. 15 gov Fgeorge rom. Republicans for the first tune in Michigan 14 gov. Ron Reagan of California 13 Oti also voters who currently Gen. Charles Percy of Illinois. 5 express disapproval of presi and Mavor John a Lindsay of new Dent Johnsons performance in York by and Mark Hal. Field of Oregon 3. Five per cent office. But the poll shows gov. Nelson a. Rockefeller of new York Only a few percentage Points behind Nixon among independents listed no preference. At Len to Terete Emery travel service x South ave. Emery Hall phone 368 616

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