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This newspaper page contains 11 articles. Subscribers can read the full text of each article.
Newspaper
Chanute Tribune
Location
Chanute, Kansas, United States of America
Date
Dec 11, 1975
Page
2
Tribune editorial argues Wall Street remains unhealthy with the Dow around 800 and five years of weak performance. It cites inflation and recession as major causes, plus a large withdrawal by private investors, with 5.4 million leaving the market, 18.3 percent over five years, calling retrenchment and renewed participation crucial to lift the market.
A Washington DC based institute warns South Korea faces debt defaults and domestic turmoil due to rising import costs and shrinking export markets. The report suggests U.S. aid might be necessary, prompting questions about America's moral and financial commitments abroad.
A Salina Journal correction notes that Blue Cross Blue Shield rate boosts apply to large groups and community or individual plans separately, so no one group is affected by both increases. The piece also details a wounded bald eagle near Piqua, its capture by state agents, amputation of a wing, and the legal penalties for harming eagles.
Subscription prices listed by mail territory and Chanute boxholders. Rates include sales tax and postage where applicable. Options cover 1 year 6 months 3 months and monthly carrier delivery with taxes stated.
The United Press International is entitled exclusively to the use for republication of all tace news printed in the newspaper as well as all UP news dispatches.
FBI traced a 1973 miniature electronic bug found in the House International Relations Committee hearing room to the Soviet Union. The device, dead on discovery, could have recorded discussions on SALT, military aid, and Vietnam withdrawal. Morgan urged steps to secure other sensitive rooms while keeping the Soviet link confidential.
Washington sources report New York City faced a potential default on a 2.3 billion rescue loan with the city seeking a quick signature from President Ford. Gov. Carey warned two state agencies could default by Monday, prompting talks with Federal Reserve chief Burns for a short term loan. The Senate advanced a broad appropriations bill including the loan and bankruptcy provisions to shield big cities if needed.
Steve Fagan runs Steve Fagan Classic Cars in Topeka offering 1920s to 1940s classics and special interest models. The showroom includes a museum-like display with a 1936 Packard Phaeton priced at 27500 and a 1939 Packard 12 designed for King Farouk valued at 50000. He reports 23 sales totaling 15000 to 18000 dollars average and a complete site with storage and refinishing shops.
Project progress reported by J. B. Stevenson shows four to five days of pouring remaining. Weather could delay opening. no estimate given for road reopening. Nearby notes mark fifty years since Christmas trees were placed in the business section to add holiday spirit.
The Ford veto battle with Congress could raise withholding taxes early next year if no bill enacts lower rates. The Senate Finance Committee backed a six month extension of 1975 lower rates, while Democrats pledge to resend the same bill if Ford vetoes. If no bill passes, withholding will rise, totaling up to over 300 dollars annually for some households.
President Ford had a small benign wart removed from his left eyelid on Tuesday. Deputy press secretary William Greener said the operation was not disclosed at the time because it was not significant. Ford walked to Dr. William Lukash's office for the procedure and will undergo his annual Bethesda Naval Hospital physical soon.
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