Investment Bill Moves Near Doom
John G. Morgan reports a critical stage for an investment bill as opposition tightens and deadlines loom. Key lawmakers and executives weigh options while committee votes threaten passage.
07 Feb 1962
Page 1
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Newspaper
Charleston Gazette
Location
Charleston, West Virginia, United States of America
Date
Feb 07, 1962
Page
1
John G. Morgan reports a critical stage for an investment bill as opposition tightens and deadlines loom. Key lawmakers and executives weigh options while committee votes threaten passage.
The Senate and House consider a study resolution on state investment policies affecting funds such as the Workmen's Compensation Fund and Teachers Retirement. A dropout problem pilot study clears House approval 89 to 7, with plans for an eight member advisory group to oversee results and a report to the 1963 Legislature. The TIAA group insurance contract for higher education is authorized, with premiums shared by insured and state. The Senate also advances a constitutional pay raise for legislators, with detailed voting across parties.
President Kennedy sent Congress a five year education bill totaling 5.7 billion dollars. The plan funds three years of classroom construction and teacher salary increases, while excluding aid for church and private schools. It also calls for college construction and scholarships plus expanded special education science engineering and adult literacy programs. Senate and House leaders react amid debate on private school aid and constitutional limits.
Washington correspondent reports a Plainik subcommittee staffer denies the Parade Magazine piece originated with any current or former subcommittee member. The article notes a former investigator linked to Goldfine hearings may have influenced the piece.
Senate passes a 2.67 billion bill funding 212,500 four year scholarships and construction of classrooms libraries and laboratories. The package includes 300 million annually for five years in grants to colleges and 50 million annually for community junior college matching grants. The measure advances to a conference with the House after a 69 to 17 vote with a near party line split on stripping the scholarship provision.
Charleston drivers union and four dairy firms reached a contract after four dairy plants operated by Broughton Fairmont Mount Vernon and Valley Bell stopped work. About 450 workers struck since Sunday and will vote at 10 am at Teamster headquarters Kanawha City. No milk shortages were seen.
Violence across Algeria intensified with the destruction of the Ville de Bordeaux in Bone killing four as another blast hit Algiers city hall. The secret army attacked cities, wounding Jean Oudinot and killing his Moslem chauffeur while authorities seized a pirate Echo d Oran edition.
Backed by no end of the world chatter the Gazette ad prompts readers to sell used goods for fast cash. From baby items to furniture ranges tools and instruments the notice promises quick payment and next day results through Dial DI 444 Today.
A U S Army helicopter on a combat mission crashed and burned in South Vietnam while airlifting Vietnamese troops. Two other American helicopters were hit by Viet Cong fire with no casualties reported. The 15 helicopter operation moved two infantry battalions into the area about 90 miles southeast of Saigon as guerrillas fled.
Robert F Kennedy and his wife Ethel faced jeers from a few dozen leftist students at Waseda University in Tokyo during a goodwill visit. The demonstrators sang the Internationale while Kennedy defended the protests, saying intense student opinions occur in the United States too. A power outage briefly disrupted the auditorium as youths used chairs to continue their demonstration.
The Defense Department releases a booklet with drawings and instructions for constructing fallout shelters. The publication appears on page 3 as part of a broader wartime readiness effort.
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