11 Dec 1962
Page 1
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Newspaper
Daily Capital News
Location
Jefferson City, Missouri, United States of America
Date
Dec 11, 1962
Page
1
AP reports SAM DAWSON’s pick of the year’s top business stories. Highlights include Stock Market swings tied to May losses and fall recovery after Cuba, government probes of exchanges, mutual fund debates, and fiscal policy debates on taxes, depreciation rules, and wage dynamics.
The era features fears over gold value and dollar devaluation, with international mone tary pacts curbing runs on the dollar. Growth remains a household concern as population rises, and debates over Treasury deficits continue. Joblessness persists amid automation pressures, with unions seeking shorter weeks and firms seeking incentives. Profits grow in total but shrink as a share of income, squeezed by rising costs and taxes amid restrictive policies.
Panhandle Eastern Pipe Line Co announces five four year scholarships for children of employees starting 1963. Each winner receives 2000 dollars to attend any college. Scholarships named the W G Maguire Scholarship awards in honor of the company chairman. A panel selects winners from Panhandle employees' children.
James Marlow reports that West Germany's Chancellor Adenauer nears retirement similarly to Churchill, at age 87 in January, amid questions of succession and concerns over strong leadership shaping Germany's postwar democratic system and its ties with France and the Common Market.
President Kennedy flew back to Washington from a West nuclear installation tour and a desert weekend. He landed at Andrews at 8 25 am after a four and a half hour trip from Palm Springs. An 11 am meeting with Secretary of State Rusk preceded Rusk’s travel to Paris for a NATO conference. A Roman Catholic priest hinted Kennedy should take Mrs. Kennedy on his next trip, noting parishioners asking for Jackie.
Democratic representative Adam Clayton Powell says he will retire as pastor of Abyssinian Baptist Church in Harlem when a successor is found, or serve until the right minister is chosen. London’s Detective Supt George Smith retires after 36 years with Scotland Yard following the Vassall spy case. King Saud reports improving health and hopes to return home from Switzerland after treatment in Lausanne.
Citizens for Educational Freedom, a new private school group, engaged in several races in 1962. Led by David LaCriere, the nonpartisan group sought equal treatment for private and public school children in federal and state programs, backing candidates in multiple states without giving campaign contributions. The group claimed 25,000 members in 450 chapters across 26 states and aimed to influence state legislatures and Congress on school aid, with varying success and notable activity in New York, Connecticut, Indiana, Kentucky, Missouri, Ohio, Rhode Island, and elsewhere.
A German owned pharmaceutical firm buys a Kansas City company expanding into veterinary medicine in the United States. Liovad Brothers Inc of Cincinnati acquired National Laboratories Inc which has operated in Kansas City for about 30 years making hog cholera serum and related products.
The Civil Education Federation argues for federal education grants to parents usable at the child’s school, likening it to the GI Bill and Social Security. Labriere frames it as a civil rights issue insisting benefits reach all children regardless of religion or group, paralleling housing aid.
Kansas City AP The 35th Infantry Division of the Missouri Kansas National Guard keeps training and schedules ongoing despite a Pentagon proposal to reduce it to a brigade. Commander Maj. Gen. Charles H Browne Jr says governors must approve. both oppose. About 9,000 guardsmen, two thirds in Missouri, would feel the impact.
A new healing substance Bio-Dyne used in Preparation H suppositories or ointment claims to shrink hemorrhoids, stop itching, and relieve pain without surgery. Reports describe case-by-case relief and reduction in pile size, with statements of piled health improving.
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