GI loan misuse fears and penalties highlighted
Veterans warned that buying a home with a GI loan to profit from resale violates federal law and may trigger permanent forfeiture of VA benefits. If a buyer defaults, the veteran could owe the shortfall. foreclosures can occur without direct notice, including by publication. Washington subcommittee cites a serious rem in illegal loan use.
MENTIONED IN THIS ARTICLE
DeRamus
North Carolina
de Ramos
Washington
House
Veterans Affairs
Second Lake Lure Youth Found Drowned
The second of three South Carolina youths missing at Lake Lure was found drowned. Jimmy Israel, 19, was located about 50 feet from where the first body was recovered. Navy divers and civilian volunteers continued searches as authorities investigated the camping party’s fate at the mountain lake.
MENTIONED IN THIS ARTICLE
Lake Lure
N.C
South Carolina
Jimmy Israel
Larry Moore
Navy
Charleston
D.C
Waldrop
Violin Teacher 69 Weds Ex-Pupil Bride 18 in Honeymoon Return
Louis Persinger, a Juilliard violin teacher, and his 18 year old former pupil wife return from a two week honeymoon. They married after realizing love at first sight and plan home tutoring as Persinger praises her potential.
MENTIONED IN THIS ARTICLE
New York
Louis Persinger
Juilliard School of Music
Howard
National City
Hyde
Yehudi Menuhin
Isaac Stern
Persinger
Juilliard
Joan Howard
Hyde Park
Joan
B. B. Howard
No Big Slump Seen For Auto Industry
AP Automotive Editor reports that U.S. auto production and sales leveled off but no major slump is seen. Dealers hold inventories above 800,000, with an expected March upturn as new models, including four door hardtops and station wagons, hit showrooms. Chevrolet led 1955 retail sales. GM’s Chevrolet division produced 1,830,037 while Ford's fell short at 1,764,524.
MENTIONED IN THIS ARTICLE
David J. Wilkie
Detroit
Chevrolet
Ford
Salary Boost At Wake Forest Faculty Set For July 1
Wake Forest College announces a general salary increase for all faculty effective July 1. President Harold W. Tribble said full professors gain about 11 percent, associate professors about 15 percent, and assistant professors nearly 10 percent, with prior boosts totaling over 48 and 53 percent respectively. The college seeks a $1 million endowment to sustain this program, aided by Ford Foundation grants of 350000 and 165000.
MENTIONED IN THIS ARTICLE
Wake Forest
N.C
Wake Forest College
Harold W. Tribble
Winston- Salem
Ford Foundation
Tribble
Alabama U Battle Tilts Yet Again Over Lucy Case
In Birmingham a federal bid seeks to halt depositions in Autherine Lucy’s suit against the University of Alabama. The case centers on reinstating Lucy to classes after violent campus protests and a 1955 injunction. Depositions target university officials including Dr. Carmichael and Dean Adams. The hearing is set for February 29 in Jefferson County Court.
MENTIONED IN THIS ARTICLE
Birmingham
Ala
University of Alabama
Autherine Lucy
Arthur Shores
Miss Lucy
Tuseday
Shores
Oliver C. Carmichael
Carmi
William Adams
Sarah Healey
J. Rufus Bealle
Board of Trustees
Ferguson
University
Jefferson County
Three Die In Charlotte Wreck
In downtown Charlotte two cars collided as traffic lights affected a right angle crash. Lynn Lee 16 and James Helms 22 died instantly. Donald Manies 22 died later at hospital. Other passengers Richard Calvin Joyce Rippy and Gene Beaver were injured with fractures and minor injuries.
MENTIONED IN THIS ARTICLE
Charlotte
Merwin F
Lynn Lee
Charlotte and
James E. Helms
China Grove
Helms
Donald Manies
Foardami
Manies
Foard
Richard Calvin
Joyce Rippy
Gene Beaver
Miss Rippy
Beaver
Calvin
Also Mentioned on This Page
Rael
Natoonal City
Calif
Teder Dash
Davidson County
Mercury
Lincoln
Alabama
U. Battle
Parke, Davis & Company
Koonts-Mcghee Drug CO
S. Main ST
Fender
Oldsmobile
Highland Motors, Inc
N. Main St
High Point, N. C
Motor Vehicle Dealer
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