Federal Reserve Raises Discount Rate Amid British Devaluation
The Fed boosted the discount rate from 4 to 4.5 percent effective Monday in a move tied to the British pound devaluation. Officials say the rise aims to demonstrate dollar defense and world market cooperation, with potential anti inflationary effects and no immediate White House reaction. Treasury Secretary Fowler and others emphasize global efforts, while lawmakers criticize the policy as crushing interest rates.
MENTIONED IN THIS ARTICLE
Federal Reserve
White House
Treasury
Fowler
United Kingdom
Wright Patman
Texas
House Banking Committee
Federal Reserve Board
Philadelphia
St. Louis
U.S
Willy Nilly
International Monetary Fund
Treasury Department
Department
Starlite Room Beer Permit Revoked by Council
Cedar Rapids City Council revoked the Starlite Room beer license at 3300 First Avenue NE after Chief Matias recommended action following manager James Rossey's four day prior conviction for employing a minor to sell liquor. Rossey fined 100 dollars plus costs. liquor license issue to be reviewed by the Iowa liquor control commission.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Starlite Room
First Avenue
Ats
George Matias
James Rossey
Aossey
Iowa Liquor Control Commission
Mansfield May Have To Stay on Job To Act on Tax
Senate leaders discuss delaying December adjournment as Britain devalues the pound. Mansfield says the welfare of the country and dollar stability may require a nonstop 90th Congress with no recess, backing a possible tax hike to curb inflation. Dirksen argues adjournment around December 15 remains possible despite economic shifts.
MENTIONED IN THIS ARTICLE
Washington
Senate
Mike Mansfield
Congress
Britain
Montana Democrat
Everett Dirksen
Illinois
Dirksen
Federal Reserve
Services at Solon For James Wilson
James S. Wilson 80 a Solon and Iowa City resident died after a brief illness He was born April 22 1887 near Hills Former civil service employee His widow Ethel Kessler died January 1951 Surviving daughter Mrs Elmer Votroubek Solon son James K Wilson Cedar Rapids eight grandchildren two great grandchildren Services 2 pm Tuesday Brosh funeral home Solon Burial Oakland cemetery Solon Casket will not be opened at any time
MENTIONED IN THIS ARTICLE
Solon
James S. Wilson
Iowa City
Hills
Civil Service
Ethel Kessler
Elmer Votroubek
James K. Wilson
Cedar Rapids
Brosh
Brosh Funeral Home
Oakland
Services Tuesday for Two Young Accident Victims
Two young accident victims Mary Jane Gerot 11 and another youth are remembered in services. Mary Jane Gerot leaves parents Ted and unknown mother with sisters Linda Margaret Lori and brothers Edwin and twins Dale and DeWayne. Rosary and church services are listed with multiple funeral homes and grandparents named Riverside and Washington communities.
MENTIONED IN THIS ARTICLE
St. Mary’s Church
Sorden and Adams Funeral Home
Mary Jane Gerot
Iowa City
Ted Gerot
Highland
Linda
Margaret
Lori
Edwin
Dale
DeWayne Lawrence
Oscar Geret
Riverside
Charles Gault
Washington
Trinity Methodist Church
Gorden and Adams Funeral Home
Independence Youth Kimmerle Dies in Crash Near Hazleton
Ronald Kimmerle 18 of Independence was killed when his car struck a bridge abutment on highway 150 about 2 am Sunday two miles south of Hazleton. He was alone. Services set for Tuesday at 2 pm at First Methodist Church with burial in Mt Hope Cemetery. He is survived by his parents, a brother Larry, four sisters Patricia Shirley Jo and Susan, all at home, and his paternal grandmother Mrs Fred Kimmerle.
MENTIONED IN THIS ARTICLE
Gazette Independence
Ronald Kimmerle
Ralph Kimmerle
I Independence
Highway 150
Hazleton
Kimmerle
First Methodist Church
Mt. Hope Cemetery
White Funeral Home
Larry
Donald Willard
Independence
Patricia
Shirley Jo
Susan
Fred Kimmerle
What Cheer Woman Dies In Gravel Road Accident
Bernice Baker 64 of What Cheer died after her car went out of control on a gravel road and toppled into a ditch. She was thrown beneath the vehicle as it landed, survivors include a daughter and six sisters and a brother. Services set for Tuesday at 2 p.m. at Hardin funeral home.
MENTIONED IN THIS ARTICLE
the Gazette
Bernice Baker
Tragic Tractor Accident Claims 12-Year-Old Indianola Driver
The Iowa highway patrol reported a fatal accident Saturday involving David L. Norris, 12, of Indianola. He was driving a tractor that plunged into a deep ravine along a road, resulting in his death.
MENTIONED IN THIS ARTICLE
Iowa Highway Patrol
David L. Norris
Indianola
Traffic Collision Report Narrows Iowa Driver Details
A report lists multiple crashes in Iowa. John D. Johnson 52 and Gloria 41 of Cedar Rapids were in a collision on highway 64 near Anamosa. Dennis Stanley 22 of Forest City left the roadway on highway 69 north of its junction with highway 9. Kurt Rabe 22 of New Hampton and Beverly Munson 16 of Lawler were riding together when their car struck a bridge railing on a county road northeast of New Hampton.
MENTIONED IN THIS ARTICLE
New Virginia
John D. Johnson
Gloria
Cedar Rapids
Anamosa
Dennis Stanley
Forest City
Kurt Rabe
New Hampton
Beverly Munson
Lawler
Friday Toll Reports Two Fatal Crashes Near Stanton and Columbus Junction
Friday night accidents claimed two lives. Mary Focht, 12, of rural Villisca died when her father swerved to avoid a deer and their car hit a ditch southeast of Stanton. Bert Hamilton, 61, of Columbus Junction was fatally injured when his car ran off Route 92 west of Columbus Junction.
MENTIONED IN THIS ARTICLE
Mary Focht
Villisca
Thomas
Stanton
Bert Hamilton
Columbus Junction
Car Accessories Stolen From Vehicle In Lindale Plaza
Robert P. Jungbleth reports theft from his car parked at Lindale Plaza between 7:30 and 10 p.m. Sunday. Missing items include an $80 stereo tape recorder, 22 tapes worth $132, and a $30 tachometer totaling $242.
MENTIONED IN THIS ARTICLE
Robert P. Jungbleth
Thirty-eighth Street
Jungbleth
Lindale Plaza
Theft of $150 Ring Reported at Flickinger Home
Wayne H. Flickinger of 3865 Trailridge Road SE reported his residence was broken into between 4 p.m. Friday and 5 p.m. Sunday. A $150 diamond ring disappeared, candle wax drippings were found, drawers were rummaged, and clothing lay scattered.
MENTIONED IN THIS ARTICLE
Wayne H. Flickinger
Trailridge Road
Nine charges filed in no 151 highway chase
Terrance Sanchez, 20, faces nine charges from Marion and Monticello police after a high speed chase that began in Marion and ended seven miles east of Monticello on highway 151. Sanchez, released on parole from Anamosa reformatory, led police at speeds up to 115 mph and was injured when his car rolled over.
MENTIONED IN THIS ARTICLE
Marion
Monticello
Terrance Sanchez
Highway 151
Sanchez
YMCA
Cedar Rapids
Anamosa
East
Gary
Ind
Seventh Avenue
Five Cedar Rapids Girls Arrested for Shoplifting
Five juvenile girls were arrested at two Cedar Rapids stores on shoplifting charges. A 13 year old girl was held at the Giant store after attempting to leave with two items worth 1.75 dollars and later released to her parents. At the Spartan store four other girls aged 14 and 16 were taken into custody for leaving with a 1.39 dollar lady's purse and were released to their parents after questioning.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Giant
Youth Bureau
Spartan Store
Also Mentioned on This Page
Board
Patman
Johnson
Council
Men of
McHale’s Navy
Channel 9
Mansfield
House
Ways and Means
James Wilson
M. A
Marty) Smith
Nancy
F. A. Simon
Mertie Sauer
of Independence
Spirit Lake
Terrill L. Snook
Anthony J. Tatman
Kevin Wilson
Mt. Vernon Road
Russell Schulz
Hampton
North Western
Hampton Crossing
Flickinger
Chase
Langworthy
John Cook
Iowa
Clarence Smith
Denny Smith
Iowa Highway Commission
Joseph Coupal
Highway Commission
Dubuque
Sylvester McCauley
Coupal
Ames
Seagram
Seagram Distillers Co
N.Y.C
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