Local Banks Decline Home Improvement Loan
A South Alabama constituent notes two banks rejected a loan for home improvements citing his wife’s cosmetic procedure. The remark appears in a local feature, Major Squirm in South Magazine.
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Newspaper
Decatur Daily
Location
Decatur, Alabama, United States of America
Date
Jul 11, 1963
Page
4
A South Alabama constituent notes two banks rejected a loan for home improvements citing his wife’s cosmetic procedure. The remark appears in a local feature, Major Squirm in South Magazine.
The City Electric Department in Athens has been authorized by the city council to study extending whiteway facilities on U S 31 from Clover Leaf to Pryor street. The discussion echoes similar efforts in Decatur and Hartselle. The piece highlights abundant low cost electric power and urges expanding illumination for the area.
The Morgan County Board of Revenue and Control announced plans to purchase voting machines as soon after October 1 as possible. Residents voiced enthusiasm, with 25,000 qualified voters expected and machines to be ready before the May primaries to speed casting and counting.
The Decatur Chamber of Commerce has set a July 19 deadline for fundraising pledges and cash to support a proposed chamber building. The board seeks completion of solicitations and local project decisions by that date to enable a contract and start construction for a permanent civic home.
A state wide push to raise funds for Alabama schools prompts discussion of operating schools on a 12 month basis versus nine months. Limestone county explores consolidating county and city systems to save money and improve training. Recent $40 million in added revenues is welcome but officials stress spending every dollar efficiently.
Washington Commentary traces how the Kennedy clan faces broad scorn from the modern right, likening it to the Liberty League era. It highlights Attorney General Robert F. Kennedy as the President’s closest adviser and notes racial crisis pressures shaping governance and loyalty within the administration.
Drew Pearson analyzes the China Russia communist split noting Molotovs push for adversity as essential to communism versus Chinese tolerance of hardship. He compares living standards in the USSR and China and describes Beijing’s greater regional influence and party strength.
A reflective piece urges readers to avoid overemphasizing personal troubles and to compare hardships fairly with others. It discusses Kennedy family involvement in public life, Shriver as Peace Corps director, and rising political criticism from right wing groups as Election 1964 approaches.
Hollywood writer notes Evelyn Carsony a 20 year old Folies Bergere dancer from Las Vegas who attended a horse race. Within minutes a major Hollywood producer director asks for her name and address and multiple other messages follow as she eyes a movie career. She contrasts racing culture with show business and declares she will wait for written offers and money.
Rhodesia announces forthcoming civil service reforms with proposed laws likely to affect government employees. The package aims to restructure pay scales and job classifications and introduces new oversight mechanisms.
Sylvia Porter explains the wild shifts in interest and dividend rates across banks savings and loans and securities. She cites U S Treasury bills bonds savings accounts and stocks with yields from 3 to over 8 percent, noting tax effects and Fed rules that shaped the market in early 1960s.
AP reports corporations saved about $2.3 billion on 1962 tax bills due to new depreciation rules. The Commerce Department notes faster writeoffs for machinery and equipment boosted investment and may spur more plants, tools orders, and jobs as the economy grows.
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