Iowa Treasurer Removes State Funds From Banks
Des Moines reports Franzenburg and economists from Drake Iowa State and the University of Iowa urged withdrawing 33.7 million dollars from Iowa banks. A phased plan, 25 percent per quarter, aims to minimize economic disruption while deposits total about 4.5 billion statewide. The economists recommend keeping funds in Iowa banks only if yields meet government securities, and note Iowa rates exceed 4 percent. Franzenburg sent the study to all 676 banks, stressing his duty to protect state finances despite backing bank deposits.
MENTIONED IN THIS ARTICLE
Harrison Weberties
Iowa Daily Press
People of
Towa
Des Moines
En Franzenburg
Paul Franzenburg
Teport
Iowa
Franzenburg
US. Treasury
U.S
W. E. Alley
Drake University
James W. Christian
Iowa State
Charles E. Marberry
University of Iowa
U.s.treasury
Treasury
U.S. Treasury
Iowa Treasury
Police Break Up West Branch Teen Fight Plan
Cedar County Sheriff Richard Barden said authorities were told of a planned fight between Johnson and Cedar county youths Friday night. Sheriff Barden Deputy Han scock and five highway patrolmen arrived near Skelly station Sky King cafe behind the interstate to find 14 cars of Johnson County teens, mostly boys with several girls.
MENTIONED IN THIS ARTICLE
the Gazette West Branch
Cedar County
Johnson
Richard ‘Barden
Barden
Dick Hanscock
West Branch
Skelly Station
Johnson County
Estes Plea Fails Threats of Perjury Prosecution
In West Branch Linn CountyYoung Republicans meeting ends in chaos over officer elections amid threats of arrest for alleged car vandalism and weapons. Separately at El Paso U S District Judge Brewster rejects Estes bid for new trial noting apparent perjury and upholding a 15 year sentence for fertilizer tank mortgage fraud.
MENTIONED IN THIS ARTICLE
EL Paso
Billie Sol Estes
U.S
Leo Brewster
Estes
Report Heart Patient Better
Hospital authorities said Marcel DeRudder remains unconscious after a partial artificial heart was implanted, but an electroencephalograph test would suggest slight improvement.
MENTIONED IN THIS ARTICLE
Houston
Marcel DeRudder
Mauled Red Force Slips Into Jungles
A Viet Cong and North Vietnamese regiment, battered by U S Marines and South Vietnamese troops in Operations Utah and Texas, slipped through a perimeter hole and faded into the jungle north of Ohianen Nea Auuso Mulun Mcol. Original communist deaths listed at 257, later revised to 220, with Allied casualties described as light. The Hot Springs operation yielded more than 100 weapons, including machine guns and recoilless rifles.
MENTIONED IN THIS ARTICLE
Tom Reedy
Saigon
Ohianen Nea
Utah
Texas
Hot Springs
Plane crash kills 81 recruits near Arbuckle Mountains
An American Flyers charter airliner crashed Friday night near the Arbuckle Mountains in southern Oklahoma killing 81 of 98 aboard, most army recruits for advanced training. Seventeen survivors were hospitalized in critical condition. The flight from Fort Ord to Fort Benning carried 92 recruits and six crew including pilot Reed Pigman. Names of the 75 dead recruits were withheld pending kin notification.
MENTIONED IN THIS ARTICLE
Ardmore
Okla
Arbuckle Mountains
Oklahoma
American iFlyers
Fort Ord
Calif
Fort Benning
Reed Pigman
American Flyers
Pigman
Richardo Herera
Pvt
James Gorman
Bellerose, N Y
French Demand Based Slightly Air Attacks Over North Viet Nam
In Paris AP dispatch reports French demand based slightly on U.S. air operations over North Vietnam. A Voodoo aircraft and a Thunderchief were shot at near Hanoi with two pilots missing. A Lockheed Electra crash near Gene Autry Oklahoma injures many, with witnesses describing a ball of fire on impact. Rescuers and officials worked amid fog and rain as CAB team investigates the incident.
MENTIONED IN THIS ARTICLE
Paris
France
U.S
Hanoi
Deeny
Oklahoma
W. R. Goddard
W. A. Broughton
Air Force Base
Gene Autry
Daylight Time Begins Sunday in Iowa Statewide Switch
Cedar Rapids notes that clocks should be set ahead by one hour overnight. At 2 a.m. Sunday Iowa shifts to Daylight Saving time for six months, following a presidentially signed bill establishing a uniform U.S. time system. Rail schedules mostly stay on Central Standard time.
MENTIONED IN THIS ARTICLE
Cedar Rapids
of Iowa
Iowa
Johnson
U.S
Tornadoes Hit Texas Damage in East Texas Towns
Tornadoes struck Chandler Mineola and Spring Hill in east Texas causing widespread damage and minor injuries to at least two people. The Chandler business block and most residences were destroyed or heavily damaged. Torrential rain drenched the region with Gladewater reporting four and a half inches in an hour.
MENTIONED IN THIS ARTICLE
Dallas
East Texas
Chandler
Mineola
Spring Hill
Gladewater
Reed Pigman dies piloting American Flyers plane crash
Reed Pigman founder and president of American Flyers died Friday night when a charter airliner crashed in fog over the Arbuckle mountains during a routine refueling stop. The 59 year old pilot was at the controls to help meet a manpower shortage. 98 passengers and crew were aboard with only a few surviving. Pigman built the Texas based line into a multi million dollar operation and was a pioneer in instrument flying. He founded American Flyers in 1939 and later ran a flight training school with operations in Fort Worth and Ardmore. He is mourned by a wife, a son, and relatives in Iowa, Missouri and Des Moines.
MENTIONED IN THIS ARTICLE
Fort Sill
Pigman
Ardmore
Obkla
Fort Ord
Calif
Fort Benning
American Flyers
Newton
Iowa
Reed Pigman
Okla
Arbuckle Mountains
The
Texas
Ruby Hickman
Fort Worth
Weather Bureau
Meachamfield
Continental National Bank
Alton
Iowa State University
Ames
Virginia Bisone
Des Moines
Sabotage Probe Ties American Flyers to Planes and Equipment
Investigators from the FBI and the Federal Aviation Administration examined alleged sabotage of American Flyers Airlines aircraft and ground gear. A mechanic was arrested on suspicions of disabling equipment by pouring sugar into a tow truck’s gas tank, but the charge was dismissed on April 9.
MENTIONED IN THIS ARTICLE
Ardmore
Also Mentioned on This Page
G.O.P
By George Kruse
Via
Linn County
Young Republicans Organization
Roosevelt Hotel
James Bramwell
James A. Albert
Charles Womach
Marion
Alanne
Womach
Albert
John Birchers
Birch
Charlsey Koffron
Bromwell
Tom
Hilbert Kreeger
Chicago
Walter E. Heller Co
Jurist
Kreeger
West
Brewster
Gov
Washington, D. C
Leavenworth Federal Prison
Auuso Mulunmcol wieUaUg Lik
By Carl Rogan
Joseph Deeny
Linienwald
N.J
Bill Robertson
Civil Aeronautics Board
Washingon
Anced Tha Erach
U.S. Am
Today's Index
Daily Record
U-38
By Mike Cochran
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